<SEC-DOCUMENT>0000930236-21-000019.txt : 20210507
<SEC-HEADER>0000930236-21-000019.hdr.sgml : 20210507
<ACCEPTANCE-DATETIME>20210507163147
ACCESSION NUMBER:		0000930236-21-000019
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		152
CONFORMED PERIOD OF REPORT:	20210331
FILED AS OF DATE:		20210507
DATE AS OF CHANGE:		20210507

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REDWOOD TRUST INC
		CENTRAL INDEX KEY:			0000930236
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				680329422
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13759
		FILM NUMBER:		21903309

	BUSINESS ADDRESS:	
		STREET 1:		ONE BELVEDERE PLACE
		STREET 2:		SUITE 300
		CITY:			MILL VALLEY
		STATE:			CA
		ZIP:			94941
		BUSINESS PHONE:		(415) 380-2317

	MAIL ADDRESS:	
		STREET 1:		ONE BELVEDERE PLACE
		STREET 2:		SUITE 300
		CITY:			MILL VALLEY
		STATE:			CA
		ZIP:			94941
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>rwt-20210331.htm
<DESCRIPTION>10-Q
<TEXT>
<XBRL>
<?xml version="1.0" ?><!--XBRL Document Created with Wdesk from Workiva--><!--Copyright 2021 Workiva--><!--r:e35fa16f-4607-46d5-a3e8-070c9aa6504e,g:4da2f0a3-50bd-4f07-92da-417db8aabd49,d:bbb1cfc257ec4428ade8d1d12a26495b--><html xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:rwt="http://www.redwoodtrust.com/20210331" xmlns="http://www.w3.org/1999/xhtml" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:us-gaap="http://fasb.org/us-gaap/2020-01-31" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:srt="http://fasb.org/srt/2020-01-31" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:dei="http://xbrl.sec.gov/dei/2020-01-31" xml:lang="en-US"><head><meta http-equiv="Content-Type" content="text/html"/>


<title>rwt-20210331</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="dei:AmendmentFlag" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80L2ZyYWc6NTA4MjlmZTVmZTgyNGY5ZDgzZDZkMWNmY2RjOGE2YzAvdGFibGU6NWY0Y2I2NzRlODFkNDljZmFlYmNlZjAzODgyNDdkMzEvdGFibGVyYW5nZTo1ZjRjYjY3NGU4MWQ0OWNmYWViY2VmMDM4ODI0N2QzMV8yLTEtMS0xLTA_4ee5386e-92fe-4098-92d0-f1c73ba0117e">false</ix:nonNumeric><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="dei:DocumentFiscalYearFocus" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80L2ZyYWc6NTA4MjlmZTVmZTgyNGY5ZDgzZDZkMWNmY2RjOGE2YzAvdGFibGU6NWY0Y2I2NzRlODFkNDljZmFlYmNlZjAzODgyNDdkMzEvdGFibGVyYW5nZTo1ZjRjYjY3NGU4MWQ0OWNmYWViY2VmMDM4ODI0N2QzMV8zLTEtMS0xLTA_c602eb9b-acc4-47e1-9a9d-07641f2f00a8">2021</ix:nonNumeric><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="dei:DocumentFiscalPeriodFocus" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80L2ZyYWc6NTA4MjlmZTVmZTgyNGY5ZDgzZDZkMWNmY2RjOGE2YzAvdGFibGU6NWY0Y2I2NzRlODFkNDljZmFlYmNlZjAzODgyNDdkMzEvdGFibGVyYW5nZTo1ZjRjYjY3NGU4MWQ0OWNmYWViY2VmMDM4ODI0N2QzMV80LTEtMS0xLTA_910b262c-dd0e-40f7-8c7a-d5310196493d">Q1</ix:nonNumeric><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80L2ZyYWc6NTA4MjlmZTVmZTgyNGY5ZDgzZDZkMWNmY2RjOGE2YzAvdGFibGU6NWY0Y2I2NzRlODFkNDljZmFlYmNlZjAzODgyNDdkMzEvdGFibGVyYW5nZTo1ZjRjYjY3NGU4MWQ0OWNmYWViY2VmMDM4ODI0N2QzMV81LTEtMS0xLTA_ff4da762-598f-43ce-995b-265b2f58c5be">0000930236</ix:nonNumeric><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" format="ixt:datemonthday" name="dei:CurrentFiscalYearEndDate" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80L2ZyYWc6NTA4MjlmZTVmZTgyNGY5ZDgzZDZkMWNmY2RjOGE2YzAvdGFibGU6NWY0Y2I2NzRlODFkNDljZmFlYmNlZjAzODgyNDdkMzEvdGFibGVyYW5nZTo1ZjRjYjY3NGU4MWQ0OWNmYWViY2VmMDM4ODI0N2QzMV82LTEtMS0xLTA_edfe8829-e667-4c84-944b-5787ba62bcf4">12/31</ix:nonNumeric><ix:nonNumeric contextRef="i0ec5f1170e944de3a6fd9ed3c1ba640e_D20210101-20210331" name="rwt:RealEstateOwnedHeldForInvestmentOriginalMaturityTerm" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MTY5Ng_cc66ea5e-e253-411a-a187-c06bb1ccf2da">P6M</ix:nonNumeric><ix:nonNumeric contextRef="i37d854f74f774173a357ca5981737041_I20210331" name="us-gaap:OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMjE5OTAyMzI5MzY4Nw_bc0bc37e-bcf8-4c82-a2ba-5b00384cfc4e">us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent</ix:nonNumeric><ix:nonNumeric contextRef="i37d854f74f774173a357ca5981737041_I20210331" name="us-gaap:OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTc0NjQ_e532c9ed-5ea2-4103-b7f4-f84acd79bb2e">us-gaap:OtherAssets</ix:nonNumeric></ix:hidden><ix:references xml:lang="en-US"><link:schemaRef xlink:type="simple" xlink:href="rwt-20210331.xsd"></link:schemaRef></ix:references><ix:resources><xbrli:context id="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:unit id="shares"><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unit><xbrli:context id="i2bb8980f5b2045c48cdacec865e59b15_I20210504"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2021-05-04</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="usd"><xbrli:measure>iso4217:USD</xbrli:measure></xbrli:unit><xbrli:context id="ic09c7c8bc47240bf8d07fb841ad3e4ef_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie9434eafbc16499db49a9f2451fa8069_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0a210c65d99c4a029d3962efa2f3da82_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id1b5d106720044ecae18bf6263f90651_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i54e1c3413c9b4684b62142a68cd76b69_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib0e19b379ad14fac9963bfdea9ed1cba_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie7eeaf9a0bac45a5b562bcf6670028a1_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i244fb01c052b43d3be068af6e0eeb08d_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8a44a8ba40ac40c8b1f498b3abd3d8c8_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id5ec0afafeed4798a836756819077adc_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i37d854f74f774173a357ca5981737041_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="usdPerShare"><xbrli:divide><xbrli:unitNumerator><xbrli:measure>iso4217:USD</xbrli:measure></xbrli:unitNumerator><xbrli:unitDenominator><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unitDenominator></xbrli:divide></xbrli:unit><xbrli:context id="i0c7db8c5261b410fa3906572c9581c92_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i2a27c4e9ebd24c52be722bc119776477_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic8dfc3bfbfa44dd9ada1b83fc85e2c25_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if21535c3aac5426c8c94ca5e044db744_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib4a881f805524523bbf4fe5fad7bbe0d_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i897fdad8ee7c495f801c02cbb8190105_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i720b0541952f4e2f89edecb171a35fa1_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i8aad96f812b54751bdeb1eebb7382271_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i5bf3a8ad6789496288b3e5fab11519ee_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ie10aa11215cf40c5b8c6ccfffbb77306_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ieb01081879264690b281ba1cf63d4c2a_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i7cd2c613d5fc46e18eb02657a382f5f3_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="icb44e5ce22db4f8eba91e5ec3802acc3_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if08ef2fe3f59450a8a4512f18505ec8c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i63bc4d542f994ff8a49a3664e4d2689c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ifb7fb032bd4841ef8296e28fe37c9b21_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9d20c02db835427a9027df31aebd1aef_I20191231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2019-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1b07cc05bc854005a7e77f384b212318_I20191231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2019-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib7e164ae55da4b158e411cecbd9ce0b6_I20191231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2019-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i63e0f93381f24d5a9485042e86593834_I20191231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2019-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4da15819d3b54ba3bbadd65de4234652_I20191231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2019-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i63defda5d53a4b889b716222ce560cdb_I20191231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2019-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id882a6e79bdf4589aa3b05b4a526b4e1_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="id37fb32bed8f40f2b27428b6e74924fd_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i9a879fb4d53a4ed7847790160db69378_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i0aada30b42c8466fb98d4ac41d62ea6b_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ifdebd6c01c8a484c8009639606c1143d_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i39ab6968cc9f4d2e92e7e37cb03ba4ef_I20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib866c8b5ed3049a2808d8a4a5268702c_I20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i33acfd13f5c54b91959abd9042533d0f_I20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic3ba145d1d1b44908d5be73717078b14_I20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7a97043cd4fa4b3181f40b3a0f2fbeed_I20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4496b8fa66474fb7befa45ddc23d4823_I20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2020-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="segment"><xbrli:measure>rwt:segment</xbrli:measure></xbrli:unit><xbrli:unit id="partnership"><xbrli:measure>rwt:partnership</xbrli:measure></xbrli:unit><xbrli:context id="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:unit id="number"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><xbrli:context id="ibb655d421b2f4d0d895a60ebf75bb660_I20191231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2019-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i072e50207a4a44d8b991fc84eb64155e_I20191231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:CoreVestAmericanFinanceLenderLLCMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2019-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i745d19ad1af64fc59aea8f70c859355b_I20191231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:BorrowerNetworkMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2019-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i288c847c056942489a78d80fef6ce754_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:BorrowerNetworkMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i44c8252f3ba344efae9aabe1415a9a09_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:BorrowerNetworkMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ib4da90a8f9dd417da10b774f7f34080b_I20191231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:BrokerNetworkMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2019-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i564901a14f27402090d60a19ffcf3373_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:BrokerNetworkMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i95a51203dd2b48b9841b9f3756c3f5c3_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:BrokerNetworkMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i6be9492ad4a34e17b14602bb2ea6bd42_I20191231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:NoncompeteAgreementsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2019-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic67f02c72b5a411fac8dca9ac60edf4e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:NoncompeteAgreementsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2e22425386cc4446bbced832bc3d93f2_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:NoncompeteAgreementsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ifc581827cd3642b2bef44abd153965f6_I20191231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:TradeNamesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2019-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7faa97de403840028c23fe06d1d0bab9_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:TradeNamesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if4499592e5e6420ead3026f91dbd45e0_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:TradeNamesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i85a160a40f8947f0a1fe7fb32a9b3e33_I20191231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:DevelopedTechnologyRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2019-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3556188d1aae49b09449b69dad5abe77_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:DevelopedTechnologyRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3aa91625ba5f4745a8a5ad599d365d9e_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:DevelopedTechnologyRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i013a089b9c374e1080558892a2e525b3_I20191231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:ManagementFeeOnExistingAssetsUnderManagementMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2019-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3ba7d88e742649cf93cf340c6bbc6376_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:ManagementFeeOnExistingAssetsUnderManagementMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3f16431e13074f498cea53277bd7cff6_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:ManagementFeeOnExistingAssetsUnderManagementMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i38b722744fc34e14aa506349c7a35ca2_I20191231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2019-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9f33e73ca17240e39e63af2fd00f76c1_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="icbec59a70c6a4d80a4bd2781bd384408_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ia4667260abcf4098b42796adf29b3540_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:BorrowerNetworkMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0f3d9c4ed5af4b63b461030e99c2f2ba_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:BrokerNetworkMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1c1d3428298344aba61c74c8fd83ba2e_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:NoncompeteAgreementsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i96ea6c0117334864a930707ca2b94ca6_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:TradeNamesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ifb146e564a7546efb14599b295cdf7e9_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:DevelopedTechnologyRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie44b05c660a747c4a5542b7e4c24deb2_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:ManagementFeeOnExistingAssetsUnderManagementMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie2b4fa91c3ab400484356ccaa5f8dd1f_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i50e4916114a3496b96c44a9fef064940_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="idb9a9f2f18514ea3ad5a1a150a34b849_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:InterestRateSwapMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if6464943a9ac4116ad9a37577e3fa32d_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ToBeAnnouncedContractsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i56dde58093f34d03877cdf10564c24c8_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:InterestRateAgreementTBAsAndFuturesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1cce4f4aee194f33bb98a5b4843fc949_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:FutureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i02064474e406474ab40a7fa3f385977b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:WarehouseAgreementBorrowingsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iddb7658a90684c71bbb0745462122232_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RepurchaseAgreementsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7bf3261f9d434a09a50313a1b163668d_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:InterestRateSwapMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7c0a1285016e426ebe3d13b435963f79_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ToBeAnnouncedContractsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ifa23d6be2a594c4a822412ba59b8717b_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:InterestRateAgreementTBAsAndFuturesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if216ffe9ec284c65acb92b304aee8fdf_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:WarehouseAgreementBorrowingsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i81a872d048e94b1e88c3f040a30d6dbb_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RepurchaseAgreementsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5278443e66b646be9e11882383fa9c16_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i62e5612f85344c46a6d328de9f5f5d6c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i341045d59c19407aadb534cb456f075c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idf62b52b3a1948f5b1f66314e643d587_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iff1deb0b20cc4f58ba985aaa8a60f199_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i412db763f5eb46e29e5f9c6a4559b497_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i389f60b4202d4eb2866fa048c40fb0b6_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3831063da2664c3d97ba09aaa89a6789_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0ee9318104d94cf59bf7f95dc6132ec3_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5a6f5d59dbad425db2d181de0559e82b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i85ba1e7f76a244ee95a78b257cd9c6f1_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i48f9f554840e4530a3c47b5524ea0aba_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic77659ad23654bd7bfc1d89490b6081f_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic6718c39bb644e1585fca8c524112743_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5075f4359465454aaa0e43262c0d4d1f_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5b139d7053d34d258bcda59855d863a3_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i519b3d6d097446979d1278e5262eb534_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2d2db82dc2b04a269251dd635ab016e6_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7087071b3a51463a9d571ac1f70ffe8b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3cec5e692e614a43a2405bf2588c0a1a_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3fd3161eb2fc4ae4b63a07175a04aa51_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i398743a426304464a9554b17663914b6_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i543937dc57f944c8af8c59922d0dc1ac_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i577df421faaa41619ad47485adb5de41_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="investment"><xbrli:measure>rwt:investment</xbrli:measure></xbrli:unit><xbrli:context id="if846a16cc0024a669cafaa572eefbb1b_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i19aa43f32fa841238674c58742b1b028_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ifd126d798d8e4f0887a063570970bffe_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9ea63c33388549f5b9d5a83e9edb8f26_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id1738edc3f614249877c41fced72a588_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idd19f15c82d949b79f228f9fcaf43f34_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib60b6b49557e4633b3267553dc84e83d_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i88ed7a7e1ca24c3c8e4f55526fd930d0_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iba22c7a231e7423790bb8c7caba5c988_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i09067fb31d064aa985c23388a5796562_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9420f155972c40f68668387c7884b562_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i149eb0ea3f0540b0be8df0c5d42c2275_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0d6b56b3e6d54d0dacc71c45711d352a_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ibc44c47450aa42b5b61bfb52005c5dd3_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if6772e1892cf4bf08a90be0f0d897536_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iac450ac47ed54b23981b8336b3b560d9_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i17f8a9287bd64405a58b2472e170d42e_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id0608a0432294800a2ca10485d6564da_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6d20c30de45f439d8782da31b4814d0a_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if6a9a7595d1b4a7c89793c602bf21389_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i395aebd259c2410ba147fa2dbfeb2e28_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic084806e564f4abaa5985fe389302f4a_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i84c2acd716c14ea1b4d44273a4a9155b_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia55b0c0b775c44bc8c7769e85f750e74_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i892cc407bc954925a5362c194b4806f8_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i8582a0a154504adc965646d250f8da24_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i99a3de7c850f43348d1db9912c6cdeaf_I20200930"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-09-30</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="entity"><xbrli:measure>rwt:entity</xbrli:measure></xbrli:unit><xbrli:context id="ia5f4f97edfb941b4969cb161d8a250ca_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ie5ab53c43f654a03b6b0209dfa99f634_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i81eec5e507dd48beab738bf026d3310b_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i324b610d787347de83776f941bf1b0d4_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i35b63c103d874150a852872b9f080f5b_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">us-gaap:AvailableforsaleSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i8e3c7e81e5e843e9b7a28ac9eb5e1b65_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">us-gaap:AvailableforsaleSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="id549d917daee4ad691fd062262f8e9a0_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ia43f35dc40644c5f89702816427ee2b7_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="iac48efe18d8c437580093df830c91303_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i5dace06988d64f0babe357ab71250d7b_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ia706ae4529b24fa5b77d8bdbcc8191d6_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyStripAndSeniorSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i77c175e5c08c4ad9941f57566da0f8a7_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyStripAndSeniorSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3cdaeff7be5e454c8ce6f2cd952b22cc_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorAndSubordinatedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib546bb4eae8a408080a7026493d5ba9c_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorAndSubordinatedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia99618844cf24d1b905d1d74910b289a_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8ed690cdee64450b84799ae7dfde6ae1_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ied477d8bed37404d8950d3d3f0efd37f_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8495bad40b7e417480447a16509a7df0_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i353e49f9d97e47b7bfb62207392cc84c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i32294eb898b142eba0a03a9be8773a03_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3a4fe6f40463480c92258c144f7a4a48_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i3b9bd483c3d1416095c70193435a5109_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i57d1b0386671404d9d1b83db127d367c_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ic2d65bd491d142bbbde87d9b4e37c0c3_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i09d39cdf142f4c7e9e1bf106c358a14b_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i8a58dc12f3cc4dcf932d8db9def778c5_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="id5ee436a5ca84177b103986e5798e87f_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="iea882139b3f640509990cb5b28fe74da_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib64aea5f9e5e4374a730f7cab224a59f_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i06ed4e6b8bb6495e9e5ef48c718b367f_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i5a57950744504d5283e5573c75ab8ae9_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i8beed95ac1444b9a8a3fb5b2b4b5ec7f_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i640b2657ff074ef99259f4905a2a8208_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i2f0a995d32a64d16996dafdc6a733d41_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="if6fd010a4a124a889d1a1545bbf34103_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i8a7d8d1bf0b84d9db00c821600b0ca8b_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ie7389f73965f46508e603e4f82d5a7fe_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i5c03fca8226948b28fe29770664c33b7_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="id0b2bb0ff56f4aff88a344a095797450_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7627833b45014bf396486110ec773e45_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ieb724b40380e4abc8a89cb256bd2aa50_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeMezzanineMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i02a80a66f38c4b44a315d7168a8a1ce7_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeMezzanineMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ifc32f6755aab4925abcc3c52e366bc7e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3c284847aff748009fa71644a06f3072_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i73fe65c9e2414eec9dbdef6605f7443b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">us-gaap:ResidentialMortgageBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0ac2ebffe5924bc0a94219d40202f750_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">us-gaap:ResidentialMortgageBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i187a64b8f7bd4b18a2e0da3abb554a64_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i85ed2e4038cb400e8111953a8a687393_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iecf782aaafa84824bed1d8555c09df06_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4d41c3938347453eb8eae76d1a512021_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i041e9ea7d068463c8c1e73f7cda660bf_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9bd97b11b65244059a6f3b55a1ca358c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i02e34abb9e114829add6054e6969e26b_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2b397077c8f54ed89f1db40ecfaa407e_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i949270fe10a148228f53742a4a97298b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i82aa06b128214826a67d0fb06ae4de31_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id00c5275b97f42adbcc2a6bcf7612b83_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1223ad98f5334f32906e8f07adad019e_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i230a890a5d7b4ca581603720777d8c0a_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2ae7ecabcb514d6dace74a7ac6aed9c3_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i72b4da0298cc4bc1a46b72377e09b3bd_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ica2d5fea9ccf46b397c8fc05169ff0ad_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1479ab8045e2442ea9748b283dc0efa4_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iad6348d4d8234958a3aeb5907c4f6917_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5932e7f2112d4e21a49c8b5abb597740_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idf24d426b8d146cebc4b5130b0a7f593_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9d5da380d1e54056a07512b322b6b784_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5c19c3eadb8a4139b4037db249b036e8_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7e7d50c4585e4d7ca427199bf84f0c3f_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9cdfea28ea4b42e49bcc4730c30987af_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if35c0380fc1c435b901c6cb5d2249a15_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia4788508fd084524aed5c75113b8df55_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i84834aa5041244b29b21277c46e0c555_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4c3e34679dfc4f249d8e72e7fef3f2a9_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie42b1d27f51e4cf8a7441fdd85b60dce_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6f6606514a434bd7aa2dc6a56ebe0a3b_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib4a6270f9d154fefbd36e6c27516feef_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i72bd2b77d7f1492fb1bed5643081bc12_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1465cc597cf44f53bea62569292485a4_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4d1d7d08bfba42b2b6cb509de53834a1_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0ff36024ad4c49bc98783995846075c2_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9635857698014305a58fb7bcceb71131_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i462bb2a3143e45718e6e5281637bb0a5_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="icd8ddda4d5fe45bda71788fd4f3803f5_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7504f6b58cb346249183ad14cfa0712d_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id0879c0f93ef4e83b115d81b0d77d91b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia07f1df5bc0f4a27839cfbd7a1adf298_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ieffc59bbf2184ddd8b0bcf338cc12653_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ibadc65bb83ef41d9aa61687c124c0ae9_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ibe596ae102d0408eb86a8a4d3470f502_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ieee5e8c5ac4b4b86a9b71d99acab4a0e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i56a8dc5a60474b5c80200c25b4156e2b_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9ae89e26af214324a93d006c954893e4_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie7d450e413c64bc8a9df8156ddd71d25_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie181e17b3df14b33901743658c654b6c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i928a121113394f0e93e8e36132e7d576_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie67b654941dd41d9b4de9fe7ad691789_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id1789aae18fb409e82890e3909458dd7_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i4904322d8b464d11a931f6bd09c1cb97_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i9f6277c46f524816a6e1c228e3069a7e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i75f22a81a7024897ac2f5ec6fc48caa1_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie493c02de1c342c885b72f000dff7bed_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib56f386c27ce4b5193c79f38e01a8e2c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7540b917544b47c6a0de554f00aaeca3_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i44e9671b38764d829529e1987839809a_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1348161961b043c0b7c66de76a35f004_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i09c3af6cf03044b49ebd86c20d0e7ded_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1fb2986eeca146b28d8ada75c1e5d20a_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic5bc5d552f1f4c19a30b8799b579c83b_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5eaa6e4405e64b0cbe28447cd330f4da_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3e4267c598b946e78a7ad0d3db44a168_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9344198c95ed4caaabe5cae57c87d1c8_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia05690965f42466f900469e237c2c14e_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i48deb30ded654cd29a15dffe8819c8ef_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie7fa352ab92140db90a0844d7bba8353_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iaccc86199189418bbe9d8a42cf521566_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id2983f99344c40f2aa9d887c682ef6be_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3ff67d830f584d5da4f47fce499467ef_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ied43ede63fe2437090ef3656f409e22a_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:AvailableforsaleSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia58e6fa52ecd4486807a8d7701d68047_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i60a60f5062a14535a567cd300a6922bd_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8b3d02bf488749ef9c12768532968cc2_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6853cae04733444989dba11ad71fe683_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i549f7a036d614ca0b48d449bc9b73902_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ifb3d49ad157844e9a437e4ead41bb61b_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="if6a0242a33d5472abd750073cc76e9a8_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:AvailableforsaleSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i07a6d33092ae4a489a31b3a968623d79_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5a0a5b43b48846f79d29956a447bdf71_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6fc7e7e78b064a55a8f56344b342d3b8_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iab69e02dc03c4787b3576e45df718e6b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iee7abe4fb8f141dfac3e73deb610206c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:AvailableforsaleSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ifdd05b0e653a49e9afdb552c47a636a2_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia863a4ea907945e4985e729e98137856_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia34e5b2765934a8caca5d6560b7325f0_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i054a7222e5b2414aabfc40a8dfae03dc_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7c9bf4a4709342dd89c28902bbf85390_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iac3f07a56e594c60bc0856fc337d226c_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0c40a9027e2c42b191b1f44de3846e76_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i88cbe1e67e484322852362c87df869b4_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i2578abb6543e498aa84225e44ae44321_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i96b83456b00f48f68b30ca5643004dd0_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6667ead55d144e9a83496a4566421676_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:ResidentialLoansHeldAtRedwoodMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ifc643f6bad1f4aa89c501e5a104a21d5_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:ResidentialLoansHeldAtRedwoodMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i58b74c50beef41a2a81b4ccbe0a00f23_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ie910f1ef08b648b48ee01aa312690566_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i536d18f1e0bd49bc9267734b885b2001_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="iefc1afb6134449f9b82d2f9b413f5265_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="idc9f1f5b85c14779ac04355776756cdc_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i26af598de0f349148bb24d571a9d29ae_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i149b968bab964175bcc3503c989cd595_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i6ae84f2458744e90a3f2176f85717eef_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyRentalLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ic773e787c1ec476ba0293705d1db87c8_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyRentalLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i550beb9b2edd40aebd9b4bef213c426c_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i8766c7e33d9f48cabf689e1a3fda9c4a_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i7eea2300187346879d7627dc3f6838c8_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ib800be21a6484e2380d6761746e3b34e_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i905379e317594d80ad762ae080cb0ba6_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i50e7d29d3696473eb3b280e05f4185c1_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="idb7db59756814ccc9c0dedca5dc761cb_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i6dadfc22ba34444995ba067f66249d7a_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i4175c7730d9c43de9031c5bda117babd_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i158c143156934610a7cb7d00ee1b0619_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ContingentConsiderationMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="iacfbd3b7e1d4424a94ad197b0aa8019c_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ContingentConsiderationMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i33739b4aa720431f94491f32f92cc0d5_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsNonrecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i611ddefe02464bc3870bdde8403ed531_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsNonrecurringMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9db60fa1b3904f99afa90198dfe78894_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsNonrecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i40a7f478b06244db80d562e688507237_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsNonrecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i943a8d998ce4417d8482ccfec4eba00e_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsNonrecurringMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ie0ea2f9a069046359541df8a6c9c34be_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i493d4046aa994911b4b7c64d6e169e4a_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i00523484f3cd4ed790880778eb957709_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:LoanPurchaseAndForwardSalesCommitmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ib4858f756d8c429f80340b969c283011_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:LoanPurchaseAndForwardSalesCommitmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ia9fd8d05593a4f7f91b09e9a3a8c5adc_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyResidentialLoansHeldforsaleatFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i10200654d7e64e31b490ed14f5a4ebcb_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyResidentialLoansHeldforsaleatFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i0a8efb4d904c4cceba82459f2976b997_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i9e4135b194bf44a289a120abffedaddd_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="idd862ce212b246d18ec144179e66d6c8_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:CommercialLoansAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i3bb079db28394c9d9e09fe6f8610de7f_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:CommercialLoansAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="if7b75b356e814db2bc0260efc565afbe_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="if6788a2f41244ef28a7bf50bfb78adf6_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ia4f01a7bf4bd48de99703d023fdffc23_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i98012c7050184111bd383e5fc36fa937_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="icc090af3a3944f298e99496759d4b8bd_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i3f1428ea357b4375b459487a4a55c44f_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ic9b6824ca2854748b0ee7720afae24ad_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i30787af2a65b4207a13175ca5051275a_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i89924ebd81db43369175e5d88a9dd440_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ief334a70a3eb47a596399c592cf7b8d8_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i21bd9594bdc6473ea84b364f176533d7_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="if53ba3db0684450abfb2946f4c6fc6b7_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i518addbe889a4e80b5c9a727fb91d8aa_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ia306ec4c55e34a76a4cfde4f22075275_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i1b67a32a7aa1461e8a5b3dc16b126b61_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i44d7062dccc4482eb2a480ca09e76880_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ief47be17ad3e4796b9c0f12f3065164f_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i7319b4cb879e421f8ac76aa55968a52e_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i1b4e0e7ae9f14750ae752d41c0786e5f_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ia9a548411f774ad6b87af3e6bebe4be2_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="if55a1f3df2534bef9cb88ebbb59e5e54_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i2101239e1ed64b57814bf0ff5203b353_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ifcb2c2de3bc0421ba747fbf5de64121f_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ic9005108191048a299271dfa5ada7a5c_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ia5e7ab2c37c84f0194666c012e613958_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i7f9eb6ae6026412192300f90c6b1d3ac_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ic2afa7710e0c4120be3ac52614b34d41_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="if67282c6d42647d594ccb7dee627c6f8_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i284b3fd30d234c63bb993795682bf964_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SharedHomeAppreciationOptionsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i169759bb6912478582d0e66562781ec4_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SharedHomeAppreciationOptionsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ibd4c7af477ca4da8bd36ed9707f243ad_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:OtherInvestmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="id8ffd74ef46747d4b51bac5edfbe7a61_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:OtherInvestmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i2ae495385e884f3c8f5ebb2bb6e22a17_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="id3952c377d9947d1a8fd13d5b43ddf65_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="iecb8af227a934f02aa3370a1fdd3a5cd_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i5140e3fb71d64f918c9138d3257c57fb_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ic8666794582b409fb009b5941410e5ef_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i2a77ef2ff4e047caa0f1a33d7929ec64_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i88dee4db834f4d2d94d5c69fcd091e54_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i4ac43bc39538441fb793d28ba8db60d6_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i3e01da42fc454e56b0cef583e869baf4_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i9794d9d167f246d49406674e01f35859_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i8e88a2d220334046b489543722ee194f_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i19df292df6aa48e785bf650586623e90_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i0ee3d98035cb4da7968ce0091d58c5b4_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="usdPerLoan"><xbrli:divide><xbrli:unitNumerator><xbrli:measure>iso4217:USD</xbrli:measure></xbrli:unitNumerator><xbrli:unitDenominator><xbrli:measure>rwt:loan</xbrli:measure></xbrli:unitDenominator></xbrli:divide></xbrli:unit><xbrli:context id="icbdcb0fb2ba747cb9508fab8f4155c4a_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia2943ece51434b07bde22da81b160e1e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9a333eab9840489c82aa2a7cd59377c0_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4b5408b9b5034da8b37e9ebd5f0aa219_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:WholeLoanSpreadToTBAPriceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie485ee8d41ec4bf89d5cebf51c4c48ba_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:WholeLoanSpreadToTBAPriceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ife4a9a19e61e4410990e31db9c851544_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:WholeLoanSpreadToTBAPriceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i75864e80b25b497ba0560cf4150b8d5d_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanSpreadToSwapRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if2744578eb4d4cd1a068ea57fe19c70e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanSpreadToSwapRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i51e767e2b9fc47808d7d1fc9c5dc9d18_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanSpreadToSwapRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ibfa7d40c720a4d20bafa4f7371844161_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7b23e1d0b9304ed2a2c7a738dafa88e5_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanCommittedSalesPriceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i678fff1b0ab7458db531039d0f9b3d28_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanCommittedSalesPriceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8bfebd39ebf74475946be66d85fdf4c8_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanCommittedSalesPriceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iddb67c4cfb9b456ab539bb8767f2e1a5_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i29fdfd2c858c4bda906eec4fd4c96fb6_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idec18207f874420fbfb5e9e36e7165d7_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1c8d373b310b467ea1cdc991c0bec57d_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8a62f83a22d341ff8b06826b382575e3_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:SeniorCreditSpreadMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iae8924b817a84204ad9675d14e756fa8_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:SeniorCreditSpreadMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i418060995dbb47188dae861fee9eb5e8_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:SeniorCreditSpreadMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9962ebf7845f400b82c2ccb33d6b6639_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputSubordinateCreditSpreadMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i51ef20c02f424ad493e25f1dc5e8450c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputSubordinateCreditSpreadMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i17192ee05247424cb8b5813a1862eace_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputSubordinateCreditSpreadMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7e4dd59b244445ccbea49b26bcbcba5c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:SeniorCreditSupportMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i684823efbdb2469b9c2e1dbc3dfe28eb_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:SeniorCreditSupportMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iecd6f97fd78b477ca11e1bd32b36faff_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:SeniorCreditSupportMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i03d29512e8fb486ea37c82a19a36cccd_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputISODiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i020799ab96b94e0aa3aac3a4832b5e54_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputISODiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic6d0acd4f7784cbaac020cbfba22d7f9_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputISODiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="icff1167759144b98a0a8e5cbb52c4d7e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8192c5448cb54790b3122af2590299da_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i490086439f054bf88407d7f7f68cac58_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ifcd0600cbfe840c7a1b12f8e47f41296_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputNonSecuritizableLoanDollarPriceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i868b4bb6ebe748ef870df6604f310630_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputNonSecuritizableLoanDollarPriceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i397d263a8f764353863c46d708355ebc_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputNonSecuritizableLoanDollarPriceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie4fbd53d51ae4d3da6d11bac17706b9d_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id912454a936643afab07a01fabc14d9b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7c6e31a9247b4e8794e291cdb22d1d70_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0226f25d64af423a908e4e1305030b0e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5ca34874202c47e685ab6631b5cdd6a7_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i82ab6b4223b44ae0a81344a41f1476ff_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4567e7c1ff584831a73e3d96b7bdb140_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i92e3784a2fde42c2ae02c1f22a15df82_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i78614cf4472344a285dd0b71b2ae61ff_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i143f9c522ab347f1bbabc31229c62cf8_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5d785b8f6d1f473cb72541c54dd839bd_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3c5d08a512fb4472aa074948714c6701_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic126ef854e284adf8b73200e75c0c0e1_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idff4a4744f924459a5672bbe8e08c7c8_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i69b5ca172a5f40839ffd983d2b26503e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2ae6e3329b274b48a1ecf047f2cacb54_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i699aa63924d54fa597ab071bf67a48f0_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8e1283db113d4630bd2f571c19c4116b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iac78202e18c24ed79f3b0c1c41cdfde4_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib24b86f2b4454f56806465dff653dad6_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputCRTDollarPriceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic2d48f3c9a144b5f965119a0306f2940_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputCRTDollarPriceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i45efa44df7504bc6a7e1c5def2a597aa_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputCRTDollarPriceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i215dd190deea459583e7e29a448045f2_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i44d7b4c63b15424f9097781c0e7ec02d_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3dae92249c6d4eeababe9ceaa9cc95a8_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8ec7951f03914b30980f2098b809e5ec_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie7730bfa91fb4b05920ea6819706215e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3815dbd2c42c46ddb7cb7a462154cf19_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i57ac027037d54bbf8a68d12f5031b907_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i5d1efaca097c447d96e09ede5c8eaff6_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="id76db041723648ccba8adfd0332fc782_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i2f0a006c820d420891b5263b7f55044d_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputMortgageServicingIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i968f1888201d4e76986fc5c083e9cbf7_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputMortgageServicingIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2d2db33889bc4949a597babdc29e878f_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputMortgageServicingIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0a1094e2805646d4b70fbae0c6d12812_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ibefabf92a45140b583e6903e20ceb90a_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8e985582b19042e9b0a9fdb29f44a7d0_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6214548988654f8f8fb7e3b28229153b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6053e3732a8040fc9a6a8d4077c5bfd1_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib31a96f073fa4e9d8d7f45391c18de8c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia7f5faca14884778bf9e05a519edf4e5_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputPerLoanAnnualCostToServiceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i95ff9c378bbd4d64bf5eec8913aca1bf_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputPerLoanAnnualCostToServiceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i50e08af1537d41229805777dfc5725bf_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputPerLoanAnnualCostToServiceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4d0eea414bb54b489fb2911b083ef258_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6c5a6067b08a4d14a278b24422fb5992_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i138a9816039c442f906fd29a3900c79e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if21a348b2949475f984a6877eb1cfe04_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i53205fa8204540f9aa956681d9589673_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie8bd3b79ccd8405a807b0eed61b7dfab_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id3b7b86ea6ea4cc1bc6d1811f662ed42_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputExcessMortgageServicingAmountMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8c3ce7463dff4cc088969a83401004b7_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputExcessMortgageServicingAmountMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia1ae828c392744de9860f2cd85f127c7_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputExcessMortgageServicingAmountMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ida922bf88c444fd3b07c1378f2051fda_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7732371e1f3342d092c8f846ffe748b7_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9213504683e840bfa33ca45408a91e8c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id83c1c99c05c4df2801c3d95180d76d1_I20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3b03111b8a864af187a582358d1b7cbd_I20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i10adb3b5859548198bc0babc16a059c4_I20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ibcef6a9069984d4f9ceb53b1374930ca_I20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputHomePriceAppreciationMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ief4dfcfff1ac499fa7b87d31e9eed9a6_I20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputHomePriceAppreciationMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5a054cdbec364536ae0c31e23cc4a77a_I20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputHomePriceAppreciationMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie9e2431273f2441883c2a904844710e6_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i86ae115dc2114fc9b494660e928c1db5_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie4fa64084a1e4850a2118666dcd30fc2_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3ea305994bed4986a38198bf6598a414_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic28a18ea6fe74c08807287a6d10870e7_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i69ece40963d844bc9ed5e46082474b26_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputCommittedSalesPriceMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ice05681b595f4abeaad4e319e0ddec41_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputCommittedSalesPriceMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id824f289f5854d9982e9c8b768daf87b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputCommittedSalesPriceMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i626549e91c814b36900ace37b88df775_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputPullthroughRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i42c9cf240d1540da845a07ceb8fd0179_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputPullthroughRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i79c96b5891f3499293f790c18fd45382_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputPullthroughRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if82680b8eb4c4a97a6df10fb75845ca6_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:WholeLoanSpreadToTBAPriceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7112ee23e6e0446d8b93b4f26581fe56_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:WholeLoanSpreadToTBAPriceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic12e10fec58540c09080d2b66c9bfe59_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:WholeLoanSpreadToTBAPriceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idf8f33b191f04c058836ffbcf28be1ae_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanSpreadToSwapRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i26d46ecdd68e49ffb164dbada15f3c58_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanSpreadToSwapRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2b9942a55eb84be68da93df7931969ee_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanSpreadToSwapRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6c3fd2b941a14426bea30014e994d5d9_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9fd5a2aa9f144a339872e9468900b690_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i62bcd27fea224f64b8785ee87e0cc89b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia20e4788e83845e3a57acfaf595afa63_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MSRMultipleMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i088f6cc404364382b8d1f40f09c6bea9_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MSRMultipleMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia19026e6cad04e12aa38ed2b2ece068e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MSRMultipleMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib56752672d8e4f2b814e37b33e12b4d0_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="icc6d718df1144507ace50bf74fe3515f_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="icddbf733ee254c36a4fad6d5a2a5bb2f_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7d0d561ca8e246ebbe514f51fcd08955_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8fc32305fc8348c5b4feb4b8c72749fe_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i73be6b5881ca4ec0b40fd17fed932507_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idd24fb4d10504b42a5a5698dfb61c3cb_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idf4baaa9b6a647aab31b3beac9787fd2_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i43d2a1eacd3d4b089549442c45c3e488_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idf943e051b434fabae25951311db0f73_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4c50b95486034024b5f964819219e06c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i83c1e13f88a74c0fb18eb402f0e98058_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idf7eed3315d04cc3ae29073ea291236c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if532c95c599b4ebfa8cdf5a3a90869cc_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0f5beeef6664451eb5f5f9e98c80d849_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0634924bbc4c451da3dc2016f4fc3399_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i86b1f57b7cca41d789bfe5a753f08db9_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia5dafa8594d84c7aa3c291185ac1194f_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i79da4495db5f49e68548a53d2584eef4_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ida5377ba9926497faa4dff45f300b2a4_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ibbe9c349f1ac4876b536baf1749dac72_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1d2cdd046eda42faa69bc22273446d63_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8ddf612d08394ea1bfb26b41c0fe448a_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5ac9e0b6ed574cfb821956a727b08c08_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7b293504a2de4d6fa3ea7e1b84f1ba68_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic1b869ac33654db1afaffc64951b5be9_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2fc011be0b57456e80f0e8068e8e2e34_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i036ad4465f95491bbdb0a7a033eeab31_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i021cbbe0a5234298aa27a08a2d76618d_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia730b20a8c4e453fb6d73676544adcf7_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i80dd805bbce04f24ae22780ed278cb82_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2069819a7e9c4679a8c670bae4d3c646_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib361b839a722473abb758ef34541830a_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i499ed350efbb4176be0a5d4ac19b775c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i57b2d81a7c9e4cf68c6ce2be2a8779e3_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iae569abba44e4142ae30455c462f8da7_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie14cc4e439214a81a4664058bf9eb066_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6def34246e5547f5aa7c02862067a1ea_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5e6dc7582f5d4f3f9d89ee24d2655fdd_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic06b99e1db364104b6f9067fbd70d81a_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib3a3be262f534043bab22d3ee12951b4_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6ffda7563a964e9a93eedcc659cf8f9a_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3f40db9fad644b7598fc1b3de453fc3d_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i01bd1f77c36e4c158ddb8b15b2b48e65_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i26911f6bd02746578dcc1a41ceeab31d_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i59be8572baec4ad981ab5c83f467dc08_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id634a1908a9c4be6bd419cf52d2f5c53_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ida3695e597ef49b2b0f03600850bfb07_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iac200068aeae4b45bc68c56360991753_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i65d7c65b0b2643aa886778e09b8a5f2f_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i250a914452c44809a118dfe1c15d600b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3439299c27d84ef79b1b6a56543df606_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if22aeaf6ee9c40de9c64779ea2603205_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0f6c2c5fb2f447dc9bf32a3a5b833837_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i70c788ceeee04846a8f45111e0c41186_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idbbe09ca4132473aa18b9f811ac6f94e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i13637f7b41c741868bc4ceb6dd2c81ab_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i70c1b18111ac4305862dcc8f898aef60_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i659f476eec6b4cfebd18ec6fb5689cdd_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8a32e4d62e4447c28746f43de57acc4d_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9039e579bf5642038e775e11374545bb_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie2148c507a65460a8e173a07264e6735_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie6dfdf83ee504c69837c61a1abb8f40f_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i232e838556004786bb161053459bd51f_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3dba938b4e574d7a9d3736579d07cce3_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i46ccd50204a74c359de4a4ea82b4f02f_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i44636a70247740e6be1ff23ee1a70169_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ifd60f2a8f8b64bee936752a04345b731_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ice1ac5e76a88414fab7004b211b6151c_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2b7d4cb40e0449cab4fc187e6b879c6c_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i99437f6b03c643939a24b409f3724aab_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i25d50b188e6e4020b99b6bad90488510_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6b2328769bf5444386d398260f28caea_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i98379a33ecdf4146976d07a4767e009e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="loan"><xbrli:measure>rwt:loan</xbrli:measure></xbrli:unit><xbrli:context id="i5321e500999142f182e3b0f98ac7704c_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i70d4502da0bf4f5a855333567bcec51e_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i0864849c8b7e4c94abb4a4d6c31f1fb6_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i87fe4a443bf148e8bf460a7e1558d929_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id60d9ce8bf2742c2a1597537b3abb3ff_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i50e5dce3348c4f51b322e5f5e83c22a0_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5d58ee0063db4ef2b0c8f7300acebb87_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i98beae0e2a4649729def4fdbe75f2be2_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ife388ac3ec61404ea54f4e2694cccee4_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i3a142e9687c4408f98082e8c7fd8b3f1_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ieb1d4aa96e754efba36ba933da9a64a3_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i59eb03da272b436a87fa9f1eec596227_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iaed4a2b4221d476a825b09bdf33666c8_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iae63d2ab4a064ea0b659958479dc2740_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ieccec5c3d03a4d6b954ae93a246d57a4_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if3c9531fb4024e51af7d999c803d3e44_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i68868dc632874a14951ee96ccf3cb4ed_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i01b4c67e78eb45bc8677a23f09aa86a6_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i6333f39dde0a48248bc4a9d752f5e85f_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="if6d89635a7e94ecdb4cbfaef40c3371d_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic1c14aa12f3a4ca8b4e68d8694a4c2b4_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i59099de613fb4d4aa04e25ed836502b2_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic6c9d0e860c54a2b83ede64fcb74f118_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4fa339dea1cc41b996eefbff5c24960a_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i734b61a58b3f41f5a8139167c708092f_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i78fe91af77b144e4bc573980e5852e9e_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i558624f48a82443c814b3399ac061e28_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i645656ae5ca04dcba612b5b3f91b16a1_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="id6b398c71de54a588f8e1f6889bc9e9f_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i308d6123762a4450bf175be44d6c9257_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ic1e45b89f61a4c5295fb9bc764e6ef59_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i759f327f23f74c10b5a30fca56289a64_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i992fd8d9be384c5fa3f9b107d5221d13_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CoreVestAmericanFinanceLenderLLCMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i71b61d22a72148a0ab87e1bf45f9b54f_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5ca0067cca804f30a06ec54cf495f35d_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:LoansHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2ee9094e622c4bb8a01ff600377a9345_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1b4edb523d2a468096bc7b9fea209b7d_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CoreVestAmericanFinanceLenderLLCMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6a736d8854504a0dbe7318bcbfa207b4_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3c35b4a360274fbdbce58eb94cee9543_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:LoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i646a2cf470584339a776f84648c7de58_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia4571622537a4ccfa661cb86c8c92941_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CoreVestAmericanFinanceLenderLLCMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if86deb59fe454b5087f2efd211efade7_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i47f56227cec14841b1dee37c694a375f_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i700224b5170c49a8a52e2e792d73b9d8_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9fdf4d7f715248299f1757d9b8a8093e_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CoreVestAmericanFinanceLenderLLCMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i83ba52d316374e0fa85630be9139300b_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i45bd2c20abfc462fa0d077d0447ab22a_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:LoansHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5a00bc1b4e9844c3aedeaaa90f9f22c5_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if1cbfbe425c74f42b3b60d81e66f4721_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CoreVestAmericanFinanceLenderLLCMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1ac99c4716bf4be2bbbe04cf3ffe9e8a_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i99944888047f4bcca142e6a2560d335c_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:LoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i69544bc4880b4709b512957c026644d1_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i657db069c0b246c2b0715d47badf1ac2_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CoreVestAmericanFinanceLenderLLCMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i598e2ed93d2f438faf84fa7f9554cc45_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie5dc67319fb045999b8d33a29fe88fe6_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id9091cc798ec40a9a8d0abd57cb6c6c1_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i7a06d8ef9df648c1ba3ca1f5d9912977_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ie2bebceaa66b45868c3d330d1f574056_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i1bb74b7fc6dd44199c6a4ee431a38f2c_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="id1827563ba8f4411b9a53f0726b7114f_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i65144986f02c4b3a9f1d500daf01c1c3_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i52d7c3a818d84295b506bd8874bc127d_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i62bf6fa33590429a85700810edb20f68_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i5769de8210e6473094d2c9ac65477852_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ia44242cc91994521a9b4d6199cf47431_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i027f3bd94e094eaebea6cb74a83e2434_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3dae746fdc754f95bb37cd5c9e30aefb_I20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4991c3886bcb49e9ba0cc754a89e56af_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="id016fee5f6ed4ea39a7339ec48de0db3_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i0ec5f1170e944de3a6fd9ed3c1ba640e_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i84c3bd03dfae40e2941e3015ba95227d_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="if9aa2742c3094fdcb28cf58e3e552800_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:OtherCommitmentsAxis">rwt:CommitmentToFundResidentialBridgeLoanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idfa2895dc5fd490788914aa70e9df4d3_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i8841d1c35b5941129e927ca5347c82e5_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i4f85fbc5e6214b4387c1ac57cf698861_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i492243a7716f4d4fa894f471591d7f5c_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ib29ffcccbd3d40cb9a6d3108ddcd9062_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i504a906c103343dab5bbfc166ac64011_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ibca8159304e94b969468cf46289a3001_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iff568bac27b748dda1ed15b04d4ef8db_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:LoansPledgedAsCollateralShortTermDebtMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i73bc7d912e5d46df8ae484491bea4513_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:LoansPledgedAsCollateralShortTermDebtMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ie4ad90a0117047d290b65b6aace0f1e8_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:LoansPledgedAsCollateralLongTermDebtMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i6a1b962f7b32448faf0ddb1903b37f22_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:LoansPledgedAsCollateralLongTermDebtMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="icb163bf62a314d2888278e1145d40a15_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ifc3f1eaa49474916a02c459024768293_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i98eef0a058c943609e3559a735e76e58_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i72655b57c425465da718bdb2f6183a27_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i929788c4ede64530b2427c9b3a12a79a_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ibcf477e566a64b1ba4a3d2b8df497519_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i7ad6037d564a4ee2b57d132e9cbb8e26_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2cea81bdfda14814ab5e4c7fbbcdb3e6_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iebbdb11da281433fb1664cf80991141b_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iae9b973f96ef4677bb359a4c156a9c3a_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:LoansPledgedAsCollateralShortTermDebtMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i11156c8ad810432a9ccd33592d0e9219_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:LoansPledgedAsCollateralShortTermDebtMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i081e92dcf4c34922aada903500073b34_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:LoansPledgedAsCollateralLongTermDebtMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i040d58fcfa4d444fb048d24030cb504f_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:LoansPledgedAsCollateralLongTermDebtMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="iaa4b46b9f47047a793b26cb3b2e9074c_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i25bf69d82ffa40c8bb7622709ff706e0_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i854d5bb7d03a4b9288b07561a48f731e_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i90e33127c0584ae9a929b38116f475d1_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i17c00bbc0d6d444a85b6f4ea447c35b7_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i258d738321df44be85dc4dffa20da8cf_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7f338722ac60493c871ea336fcdd75a7_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i398ba31d834940e8b89e1b8955f5fb25_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i82f27914fb814a928e04eacc5d5184dc_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i898b10084a474e908eea70879fb991af_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i5c34befa77754c9c81bfbe01f6427164_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ifa125fa7982b41c6a0f84d85e202a003_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:InterestOnlySeniorTradingSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3bc70ceab2be406ca3967b0d16134e6e_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:InterestOnlySeniorTradingSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i163568cdc6d8470b925904fdd2d48760_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i10fc64439ad54fa2911816b2ad988d2c_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i676a6293c98647e2a109ae47dc1d9af6_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SequoiaSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeMezzanineMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i497ed11c483842a89ca5aab9ff3bfd90_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SequoiaSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeMezzanineMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i24ba3e546daa4b11ad0d46521186bd9d_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeMezzanineMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i34f4903af04441ffa61dd0a495e84f33_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeMezzanineMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1d0f02cd624145a6ab3b9152598c5991_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RepreformingLoansSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ice150911e82a42c6b2a42b17c82d4757_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RepreformingLoansSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic67c1f6ddb7943d39d3439c7594c8338_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i63940858be88458c8de85b82b7a58cb6_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ibd2177829f2449bdaaef16308a9f09d8_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:OtherThirdPartySecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i47f33d28635445c5a3696fcce771a9d1_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:OtherThirdPartySecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib52307d397bc4c12b59cdeaa48728bce_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1459dc70790d4680b659614fef5cbba2_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i92fce1e8be4a40e3ae33e07c1d1da8f1_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:InterestOnlySeniorTradingSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2a987fc08b724bc195636b4a2b789b45_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:InterestOnlySeniorTradingSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6bfbf5123f75499d8e0a8f1f8c13ca08_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeMezzanineMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:OtherThirdPartySecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3b6a6fe53c1447f4ae3ec62037436186_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeMezzanineMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:OtherThirdPartySecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2e7e1af524744d54be912674de5931df_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SequoiaSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i268587586c3b475ba5b74f369cd77541_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SequoiaSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i74c1aa9ef373459083200de520cff7ba_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3d5db6b065a04c388079adccfbf780e3_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i51ab6e842d5f422ab735aaae63348ae1_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="if3ccfedda0d54ae29b4e123525890e53_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i9eb230ce25c145ffafc6c6561f2a0dff_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:OptionIndexedToIssuersEquityEquityAxis">us-gaap:PutOptionMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i2488422422de47768c8f7f0808959cd1_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:OptionIndexedToIssuersEquityEquityAxis">us-gaap:PutOptionMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i05ea2de99c5f4668b0c80940bd3210c6_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:OptionIndexedToIssuersEquityEquityAxis">us-gaap:CallOptionMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i31c413a7dd3f40588bb0a4f91abd5e9a_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:OptionIndexedToIssuersEquityEquityAxis">us-gaap:CallOptionMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i3f4447d1c83f4d6990c291b68bdf9e7c_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7aefe6e790d444a78a91c8bc3ccad40f_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9301a423edd04d04b1a3aab6b60b06ae_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i335140464d63478c92671cedf0cfda09_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i99ca24858cd24f648b0dfc2d4f884d89_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:OtherNotesReceivableMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iec0db3f777374e939933b6a772c21a89_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:OtherNotesReceivableMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2bce8ddeacf34f0ab08ac9d6c5579bf2_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i17ad0ca0a06a4336840160254e1a8d4c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7cf19d9a380949b0ac3aaa6e614d7f46_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1062613a9b8c462e8d4272b114900bee_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i1097673fa66e4d999d44dde0c8f9aeb1_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i4d12c616a26c4a2d9e1cd4b063ba944a_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ic68c91a5eae241698e7cd378e2fadb81_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:OtherCommitmentsAxis">rwt:CommitmentToFundInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i88f71b3f18ce4a86b02d127d7dd5f9b6_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:OtherCommitmentsAxis">rwt:CommitmentToFundInvestmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i3c32314e3e294d00ac090edbec12a80b_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i77ef565de4f94a5d9d3e01021c8c9df1_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i70a6bdf2328f482e899bda7a7addc990_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i7eabf311b3404af7832511ae53127279_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i1061f6a518b74c72b548c413a1a53ca0_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateSwapMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib2b4b1d9c5574865bb3dea4a20c1eeaa_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateSwapMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i936306e457da4b43999cfb62bbf40472_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">rwt:ToBeAnnouncedContractsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iae6bad39ece6496484c3e037e3cee2fc_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">rwt:ToBeAnnouncedContractsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9fdae65f3ea54a778897bd10c378ffb6_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateSwaptionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i85049c0c5a6a4724921cda78117a30ac_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateSwaptionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5cb3ebb1d01f48cd97e37f416705d799_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iccca247b6e694afa86f87d16f14b3d71_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5c6e1f4d01054cafa74d380496384bf7_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateSwapMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i863031437f7e41fc893353f3f7936f8b_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateSwapMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia0b4c613786747fc9de65181f0e46083_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">rwt:ToBeAnnouncedContractsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i01d4d30f373e427780dc0b4a7f55b107_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">rwt:ToBeAnnouncedContractsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2fae7c1ae4404e3395002d54290f60eb_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:FutureMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic56c538c8a8e43dba3bfda9d5c6ce18f_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:FutureMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i031b0f89be4a485caf96234d750a70c4_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2ed58e32883a4d7bb64206e045319d38_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i09a5197ce99f4e05be97288e797bf647_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i96fbe696be56461d8dcb14630c142dac_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i845a651af270402f89f5852e32457408_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateContractMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i82f4b9c00cc24eaca40b42ae1c949131_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">rwt:ToBeAnnouncedContractsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i12cf0f8fd8c74174a9b9a2e84d449651_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:FutureMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6ca630e4913242238f2a52ab81412d3a_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateContractMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0c7a96df7d6c4b22937fa6cbbcc5844e_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">rwt:ToBeAnnouncedContractsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3f3b84def10c44849d4f5d16dac577e6_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">rwt:ResidentialAndCommercialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i500cb2af47324e7d992e552d9f0835dd_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">rwt:ResidentialAndCommercialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i5ade26e016a943fcb7b8581e7e6f7e4d_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i807349fc66124a43a885a4940b611724_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i173069d105e04f7bba731b5bcbb8a6d2_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateSwapMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentsGainLossByHedgingRelationshipAxis">us-gaap:CashFlowHedgingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i6876d6a4aa4c448f8b435a69861cb2da_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia02f8bcc6d214fb18115066f4a540b51_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie8d5b97677a7449fbf1b1a8a65552cf0_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">us-gaap:InterestExpenseMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i7bb4fe2bd89545ac97b4f348a8f610cd_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateSwapMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentsGainLossByHedgingRelationshipAxis">us-gaap:CashFlowHedgingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i592085d52ce74349be13ac49886564a4_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateContractMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentsGainLossByHedgingRelationshipAxis">us-gaap:CashFlowHedgingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i93e62e9d085d47009031b586869a9a73_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateContractMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentsGainLossByHedgingRelationshipAxis">us-gaap:CashFlowHedgingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i98092e27a19543389c90f573c6968712_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:BridgeLoanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iea1068e546f04912b572cb43b92fcf2b_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ifb0e7eae411240568f17998722c44b16_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i20a5d16647294933b875c5b0a773a3e3_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i069f06ca33ba4c358f08d41bf8bf6813_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:BridgeLoanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i5bf7d2c43ff34fb6876ff66ed4de0df2_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ie42d37285e724465b4459dd904997e82_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="iecb9e4bb611941cea89bf4299a4726a3_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i2958cc03738f48d2a1eb431b9629817e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:BridgeLoanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i771e5befde524fbc88c2293bc358afa9_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia8d57cf3bfb84a499f6d9c92669033ee_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia17c0de8f1d44ea094a1e171b3f19711_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="asset"><xbrli:measure>rwt:asset</xbrli:measure></xbrli:unit><xbrli:unit id="facility"><xbrli:measure>rwt:facility</xbrli:measure></xbrli:unit><xbrli:context id="ia9f73043c9e94ae7b27003e766e53bb8_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialLoanWarehouseMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ia8b45feee21a473caa69936a8cdfeb16_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialLoanWarehouseMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8db4db0fd8b744d4bb3321992e0f902c_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoanWarehouseFacilitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i6ffd4857f85440afa0a284ed23406060_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoanWarehouseFacilitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i03f8c314defc43e394b642d3d9447ede_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesRepoMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i16501a1ddb2e470d9252f70cf0ff6ffe_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesRepoMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5f0633799e684b9caa13b5cf327093f3_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ia43810ecb4814dfdb51727eef760ddcf_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i28db743f036346c8b3e261874ea54c69_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ic8aee2b0ca644fc7a048baf04d01762f_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6dec8b91139641398d58c641e005c944_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialLoanWarehouseMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ibf7a2f21c68f47c2b9d4533028ecca17_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialLoanWarehouseMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i165357a3af1b4e889fdbcc8712be25a1_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoanWarehouseFacilitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="idfec88cc598346d7b86f7f2c60d3e9e4_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoanWarehouseFacilitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i126060c464f44f83aa01b7b6b649d124_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesRepoMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="iacb3041a746c4c6bafa32dc5e51008cf_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesRepoMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i79ae9a48a64f4676b488b1e0abf75e6e_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i4255791bdb9f43d6b5eead494efb6e4c_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i04266052ec5e42aa9a2f8baec7852699_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i28e8453c5c2b43c5b3d9b6aaaabdbbc7_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i19473de808124d1089382119073c12e0_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i533a836792b343b88bfe29836076ae8f_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i44601d0c42c243da8341d91b7d40c1b5_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idda1a11084c643638084a5460f64b932_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i66ce44f2248d41c7b98399860d7d0466_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesOnBalanceSheetMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id578750521044656a9445ef3628c80a0_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesOnBalanceSheetMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0835f2be609d4cdb9e4990235edcdda9_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SequoiaSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:ShortTermBorrowingAgreementMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib5ac6a7aee5843bd9a4269e0655dc6fa_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SequoiaSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:ShortTermBorrowingAgreementMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9e40d1d600dd4c028de213f181c242b6_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SequoiaSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:ShortTermBorrowingAgreementMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i77bd7942ec824d8f849a74e0c4e59664_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SequoiaSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:ShortTermBorrowingAgreementMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4d47feb4875240099f8dfb49bcce80ac_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityUpTo30DaysMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialLoanWarehouseMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic71992f105d94499813141a1797e4135_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:Maturity30To90DaysMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialLoanWarehouseMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6722a519fb4149eb9fc17aee7affa8f5_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityOver90DaysMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialLoanWarehouseMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i204e8a8914c740268bd5345279f02f5b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityUpTo30DaysMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if20f917400db40719d651fa20b023411_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:Maturity30To90DaysMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i711b39c118a84c1a977efb93db078afe_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityOver90DaysMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5837647120084c96b54df3f5d905156b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idf3482c029ad48f1ba0760acf7f75b94_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityUpTo30DaysMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i11d91a3b3c3b4d37be0325dff092ab50_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:Maturity30To90DaysMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie7eadc17d2e940879311b35092763743_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityOver90DaysMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1257813a51f642b3bfaa11ea96a66862_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i994ba2e6bb42435dbf31691dce2f1ee9_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityUpTo30DaysMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8959eb5ac0484ef9b167d9aeb2c07380_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:Maturity30To90DaysMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7d4455cdce8c4cd1ab7a2cd18b68ef0e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityOver90DaysMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ifb0ce1c9f3024099b2a35d71885ad4e6_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityUpTo30DaysMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia4c734f5e49446c1825feabdc91f9c23_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:Maturity30To90DaysMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i353bfb4b1d76415787b22c1846da781e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityOver90DaysMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2e2a720daea4424981a9a3bfc0a9266e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityUpTo30DaysMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idb4256a033f94d7d9550acd78c5210b1_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:Maturity30To90DaysMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7f6787149f044de881ddb33f0e9b6af6_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityOver90DaysMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i343f7d58b5ad4b2b808242ccfd164ba0_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8e55d2d99438429784b19040fac15722_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7bbdc1122ecc42e998cd7aade3b78f6f_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic3375d4d9fc24faca889b9e97fc56f03_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3e7649e538bc4534899ef0a37e93c0f8_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4fcaa88a628c47e18af9a8f1ebb9c9df_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia298df1f5eb24d01bf5d5179d1c6dd21_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib3e2eebe59844154897ccb2c89f1e870_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i89e6e980d2974dd1ad63615c8a771717_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id5698b005441481cbe37aabd9e5912c0_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i08bc1212f5ae4bda903bdc00c893a8ca_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i91262a862d254b669648b46a27fa93db_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i99b079e5df474ed3aefd33e66b8a832b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8f7582982db3482e90cf5a6ad7ca2ef0_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6353a41b3d3b44248cf21bee3727ea0c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idd05697cfc8840feb106dff69f7b39a9_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i178b674a7b0f4010ac2626e0724699c1_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i336310d3ba2b456798e14b004488144e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idac42044d3f5460db22f7f324f6f4afa_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i83765ccfaa63470e9adfa1a1a4c41653_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9fa4365cd6124c6d80e4967c00c52a68_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib9e18e15791a4d9d858da79f678e2f2a_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0a8dd1ec8b984c028b224dbf313ed9c4_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i86c7bc80ef72497ca7684259fbce39c4_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2f31bd7aea764b4cba2224ca112d8331_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1eabde6187c74d47b32bbd3c81250e87_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i823e856234444a5c885541af33fe4b2d_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="icb58741c85c141dc8d087a5608d6d259_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1fc447ccda8f420e8cd1aa92bf843148_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1fb5343d10bb45889e495d259b434e7f_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i00297fd961184b23863a50459da1915d_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i20b3881c544a4b5495d935cc0284ff29_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="series"><xbrli:measure>rwt:series</xbrli:measure></xbrli:unit><xbrli:context id="id246c539784f415889de07660977d2d4_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iefb27b006e0a4b33a70fc3300f76c3e0_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idaab7b2c733f454dbf69c335057583aa_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i47b6d063124b43b2ac3bad735d912a1e_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1867dd1e8485469587114fca342813fa_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ice403268c64643f182aae32f1fcff74f_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i83c9b87fe71d4fa5aacd0fff1ca680b1_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i368283ff740c44bca02b0f259c775246_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7a7eafddff4841f9b3de75b4e858a429_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ibafd858111a7432ab78fcf2283c769a3_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i257cad66e02d46c8840e2598bf5ec9a4_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia05d2f41facc43a9bc880a8b2313ea2d_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8a678b51dcc349a9b535003a9b71e953_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia3cad48bf0be4fc89061caa95415c317_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i434f6d5db10e4280bd39413ea56586ca_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i36ba6ec2e97b455a81ecc817a0203c2c_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib0d78f56f22047c7af0316db8f2e9bd3_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i146bfa3473ed4df7b6067d1531a56123_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie371ebaaef364381bf1d281485d6793a_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i829b960661dd4c4a81d693a25e797e45_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9f0f684eae964615956941af98e6609e_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8cf07be64156434bbfacc202a44a4670_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ida9eb2a35efc47b0a763606c59aacf5a_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9b1481a9712f45f2801d9389bf725476_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i918d417a8dc64a7c9e8e03526119bd17_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5bc5270698674b98a813d38246cbae2a_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i45e6fed0bb424620acc983323f75e44d_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i07ec906036694c21aabebef9b9208dec_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i805f69bd34894fe69005c8c7636af018_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i32fa85ced173410fbb89bbc9ef892b58_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2496c7c0d3654d428267cb5bdb50404d_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iaaf0db89eebe4033b74a67b3efbc85ed_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i03712078428c475f8fc0110505c7a4f2_D20200701-20200930"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-07-01</xbrli:startDate><xbrli:endDate>2020-09-30</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="id31650bd3b1840e689e3349256df2f82_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3f01ca858c3a4b68a2c19db79a23bdb8_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentSecondaryCategorizationAxis">rwt:MaturityOverFiveYearsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i319d3de6ae3340a8be17142dc237d09c_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="if6301c69034e40ca8f4cecff839005d5_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="if6ec67aedd064533987f11058127e7e7_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i9a9df435e673431abb8475f1918f7f2f_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i7fbf26df421c43b391233b7d2e20bd98_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i157c65db71bc4c1183cc11b32971fb38_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i6173f2afb44a43e8bf7bd2470c738b6d_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i83b33336edeb4a40a719d5f77f86a089_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="id179c307c0724c3286c6bc08afb5abac_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ia7b73769c0b148a7ba444b2b57d4375d_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ifdc87faa43a94909847b331ec2e83b4c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonMarginableDebtRepurchaseAgreementOneMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">srt:AffiliatedEntityMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">rwt:RecourseSubordinateSecuritiesFinancingFacilitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9d40f030492743e688ad2f9a9807a262_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonMarginableDebtRepurchaseAgreementTwoMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">srt:AffiliatedEntityMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">rwt:RecourseSubordinateSecuritiesFinancingFacilitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8b112afb281f4cf48c7830b8e8646cc9_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonRecourseBusinessPurposeLoanFinancingFacilityOneMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia217e2c3fa5045dab4f2dabbaa03784e_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:VariableRateAxis">us-gaap:LondonInterbankOfferedRateLIBORMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonRecourseBusinessPurposeLoanFinancingFacilityOneMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i19b11a0ae77e45ceb8599d6374e77a6c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0057038eff014673a47aa7cb6d77290f_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:VariableRateAxis">us-gaap:LondonInterbankOfferedRateLIBORMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="iea07d23b57c9416f8a78ba5cf8c0019e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i00639a84422642a59459bfaff01d033b_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:VariableRateAxis">us-gaap:LondonInterbankOfferedRateLIBORMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i15023d89c80640acb5639e9e48d73ca0_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:RecourseBusinessPurposeLoanFinancingFacilityMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if77fe41af4d14cfba24cc4e6cbf44a6e_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:RecourseBusinessPurposeLoanFinancingFacilityMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:VariableRateAxis">us-gaap:LondonInterbankOfferedRateLIBORMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ief15bf08d2354976b3e6e487a072ed3c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iaf171a3f147343738349f10c85ba4f15_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:FHLBCBorrowingsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i350e085ea09741d4b382d1156808f3ee_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:ConvertibleDebtMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:SeniorNotesDue2023Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i60fc153076ce4377b68abc13755df135_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:ConvertibleDebtMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:SeniorNotesDue2024Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i24a86e1f495447bca1fc377c481dc366_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:ConvertibleDebtMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:ExchangeableSeniorNotesDue2025Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia86f633374a74ba185e8dd99c121a1ad_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">rwt:TrustPreferredSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i077693b737154d0aaa318cc6632457ef_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:VariableRateAxis">us-gaap:LondonInterbankOfferedRateLIBORMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">rwt:TrustPreferredSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="iea392b2ed4444379a39a9bc0e6ddb1fc_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:BridgeLoanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9d0d3e3c16b0474a89e031abcd6555ba_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:BridgeLoanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib0a9335fb558403092c9b4a664c344dc_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:ResidentialRealEstateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i18aa9cf9be69488a894bad1356f34d45_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:ResidentialRealEstateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i56cb2a7e93f642a49a0ea3133b156a98_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonMarginableDebtRepurchaseAgreementOneMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:CommercialRealEstateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">srt:AffiliatedEntityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i144e4c0998a54e93b8ad724ba2afeee2_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonMarginableDebtRepurchaseAgreementOneMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:CommercialRealEstateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">srt:AffiliatedEntityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8583e8d1563f404980b98bb63c5e1d07_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:CommercialRealEstateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonMarginableDebtRepurchaseAgreementTwoMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">srt:AffiliatedEntityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8ede9ffecea243feb5e4c9e77253a45e_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:CommercialRealEstateMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonMarginableDebtRepurchaseAgreementTwoMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">srt:AffiliatedEntityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i176438d64e7d40d6a9586cc28372b12f_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:CommercialRealEstateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if468df5d22f545a9b6d77c2267e2fb89_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:CommercialRealEstateMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if001fbc3ca744bb79b533c4bb13f4b57_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">rwt:OtherBusinessPurposeLoanInvestmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9bced8a1692f4b1588e73f83d120aa0e_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">rwt:OtherBusinessPurposeLoanInvestmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie51aad2dcd7a438ea77c736a8e68d30b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">rwt:RestrictedCashMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if79dfc696d13497c9f3c0d0c53e9e8fc_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:CollateralAxis">rwt:RestrictedCashMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2057c175d6fa4f18a10210bd4ec5783b_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1e7c10a99781455a89142cdbaa37ac48_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:ConvertibleDebtMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:SeniorNotesDue2023Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i80f12dd3b23d4acf8b7236c69d1e0405_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:ConvertibleDebtMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:SeniorNotesDue2024Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8956a5726b4240a9acd183e52d9940f5_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:ConvertibleDebtMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:ExchangeableSeniorNotesDue2025Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i234ac9dd553d463f879a85cef8b74753_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">rwt:TrustPreferredSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="lease"><xbrli:measure>rwt:lease</xbrli:measure></xbrli:unit><xbrli:context id="i49938a3c873b49f78d04702480214f52_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:OtherCommitmentsAxis">rwt:CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4b344d6fadc54ce091b554e8d0323d17_D20180101-20181231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2018-01-01</xbrli:startDate><xbrli:endDate>2018-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="if479a91518e74bdc94d4cc988a8b396a_I20151231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:GuaranteeObligationsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2015-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4fb4c56f7c874428a57865f04bc8d955_I20161231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:GuaranteeObligationsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2016-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iedcf78341f264b8980407c95bb7d636b_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:GuaranteeObligationsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i02ed6c89763c4cd79f5a5e1cf3561734_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">us-gaap:OtherIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i5da04f887893467da16c0f40c58175f3_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">us-gaap:OtherIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i8c2d51c083f6453ba8c8a26b6196daf0_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">rwt:MortgageBankingAndInvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i9b1ec784307f4701ae4999a37e7006a3_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">rwt:MortgageBankingAndInvestmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i332b3282f0164d19a1b004d1b93dabbe_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:GuaranteeObligationsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i04e6aeb68aba430784efa8ac214c6558_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:GuaranteeObligationsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="repurchase_request"><xbrli:measure>rwt:repurchase_request</xbrli:measure></xbrli:unit><xbrli:context id="ied690540783d49d3a572372126db7ad7_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:LitigationCaseAxis">rwt:ResidentialLoanSellerDemandsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i201206434436445e9032fc44632b185f_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie30685bfc10c48b89229d33feffe9567_I20191231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2019-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0ce4d980dd6547d7b4a83cc1bf88214c_I20191231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2019-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2646fe752a324c119685f5eef9a1804d_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i882231b0497843c792ffd0c65666d43b_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i5247dff820b64542b90c3c99def95da0_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i1f6fc1d99c79491db8dfc812f7c03926_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i639c2d1e31364da28cf80d726a91c483_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i49e10bc86e8448af80afe47caaa287e2_I20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id001871148b945229a4dacf365eec6a5_I20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib8ec02bff54e4042b0fd3a2022fd3801_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis">us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i31ce7aa274c74b09919a3ea3e73c8179_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis">us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i5577374a8a654f47991d6d90f02cfe4e_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis">us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ib6414a429ac34854bde155f4f8b20824_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis">us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i90db73dacb5d47b2b14ebbb2aa15a338_I20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:AtTheMarketOfferingsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="iaa546460d3074e9cb62f3f5a4e76618e_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:AtTheMarketOfferingsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i96f47396b08a4ca89e75b9b5eb9ab95f_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:AtTheMarketOfferingsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ida937d5019114f1d8e5ac2e8ccd82964_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis">us-gaap:ConvertibleDebtSecuritiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ieceb2fe3b9894abc96c3fc72b06a5e83_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis">us-gaap:StockCompensationPlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="if1646945f0f74afcb2da378cf70d6641_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis">us-gaap:StockCompensationPlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i58c0e645ed7549859a09fd9905db4fe6_I20180228"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShareRepurchaseProgramAxis">rwt:ShareRepurchaseProgramFebruary2018Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2018-02-28</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="icc51e911b2304b3a96cb7a5508b85f72_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShareRepurchaseProgramAxis">rwt:ShareRepurchaseProgramFebruary2018Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ida746b21d8c441e2b772acefee3d9e60_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ShareRepurchaseProgramAxis">rwt:ShareRepurchaseProgramFebruary2018Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i8d87ab0dbdbf4f178ea794db0efc58ee_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9a95005df8ff43bc8bf295ee6cc3d3c1_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9b0995baa4dd4e6e9501b82ddba185c2_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i14de137a4b2f49239a8dc700e6d3d0c6_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockUnitsRSUMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ieec932e98aa94b5faa6292f0db3871bb_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">rwt:DeferredStockUnitsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="icdcd35a3c45e455cbca21a8974ec0abb_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:PerformanceSharesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i0b83629ac70a4211b4e212d74ce4bc4a_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:EmployeeStockPurchasePlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i141a563f32ad4ba1a026faf759ada2f5_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ibc7e68ec47fd478a846d8c26807278dd_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockUnitsRSUMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ic01cb7a34e264e1ead32c22b5cc05300_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">rwt:DeferredStockUnitsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ia1e11f7eb6d1461caa320620314d3507_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:PerformanceSharesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i728f66c7c433487a8a60101153ca4585_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:EmployeeStockPurchasePlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i1444d71b9ae940a4a2fdf367ff9c2bf1_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i24df6eec77f441e8aba24e473edc216f_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockUnitsRSUMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4976fc5085874fddbe4f5ec85c4e53a8_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">rwt:DeferredStockUnitsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i650feeffa8cb4682b37a39708ca269b9_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:PerformanceSharesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i31b4277915904da0be47b9bec39e35d1_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:EmployeeStockPurchasePlanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i09cfbe81a2eb4afd9498bff68106c7e0_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i992447069ee64e4fb91abf8e1ee60a5a_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ibf9b96d3be8046ec9c3f4b704cd8dab6_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="if817ae3b313846f68840d39f91092c41_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockUnitsRSUMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="if957ed004687443f85fed3c992419b7e_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockUnitsRSUMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i9a2ad723983f4e0b8fffdc61b0fb797a_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockUnitsRSUMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i82a6237c4b7f47d882f54745aecc0a9a_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">rwt:DeferredStockUnitsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4c843f24a55448a2976742a56ab11dde_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">rwt:DeferredStockUnitsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ie33ef02612ed4084acf36cf4dc6b3b47_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">rwt:DeferredStockUnitsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ibdea8f87b07048f7b635ff2c788801e3_D20200101-20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">rwt:DeferredStockUnitsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ideaea727bed84387acb819cdcbb6233d_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:PerformanceSharesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic4df3e571d8e48289f6fe339f38ce76a_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:PerformanceSharesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i52620719f646478ea85eb87714fb56f5_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:PerformanceSharesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i5ae1a0b112af436496dd2c9a6cc55806_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ResidentialMortgageBankingActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="if44aeb38133e45ce80a4f0e328dee8b7_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ResidentialMortgageBankingActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i905cc8febcd642e2942b6d71d888a796_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ResidentialMortgageBankingActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i23c68b96097d4e44bd61019b72e212b8_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ResidentialMortgageBankingActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i9f95ef74f7604233be887aa908faf649_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ResidentialMortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i5e0e6edead66488595680aae622af0c6_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ResidentialMortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i41bed9ae9f99468c8f24484ad9d49fe3_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ResidentialMortgageBankingActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ia6f55c0d27974e2f8a3fc60e7ae8ee1a_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ResidentialMortgageBankingActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i40c1fe6d201342a4b505cdad6e3f061f_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i3a4675da50e3489681caa735bc225efc_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i726353e05a8242baa7e78d501379149b_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i1f8adac52b764e698d1998f7c353f113_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i9acbfa4453ec41c1a5ef48c7c0483ab4_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i9db5afe1b58e4092bfa181457651b4e7_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i2443dec9784548d8930bc7008f341426_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis">rwt:SettlementInCommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i3629adc160fe4ca28ba0767fff33ebc0_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis">rwt:SettlementInCashMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="iaaaf4eecd8ab41c58405536f3a4e89c7_D20191015-20191015"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:CoreVestAmericanFinanceLenderLLCMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2019-10-15</xbrli:startDate><xbrli:endDate>2019-10-15</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="iec5c7a49025742389623da63c14dc16b_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:SubsegmentsAxis">rwt:LegacyConsolidatedVariableInterestEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:SubsegmentsAxis">rwt:OtherSubsegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-01-01</xbrli:startDate><xbrli:endDate>2021-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:SubsegmentsAxis">rwt:LegacyConsolidatedVariableInterestEntitiesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:SubsegmentsAxis">rwt:OtherSubsegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2020-01-01</xbrli:startDate><xbrli:endDate>2020-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i0b446577062a4b498b7f4f342974e923_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i5d1f02cf9b1243ad94655747a74be819_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i2b98a328bc604feb959d36b2251946f6_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ic50816f73586464a9d7f8c5a858e0c15_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3f4eed86e22440d5b938d23d71da2c6c_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4381d3685a4b4726a635a5fe2309387a_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia4a4c70436864fbea74556e381638ab6_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i449dffa3d4f24cf4aa503dd5c6507d6f_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i6920f9c081964173bf899340802ad329_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib856867539264825b5a130dcb087aa05_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i11cd84a1563148b4a3558e228aad19a0_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i74aafb79552c463da71ec67ea649f625_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i641afe241dcc40e0aa07e9c1c8ec62e1_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i107ec6590e684739b07db4d71d869b4d_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i964438647d194aa7ac324fb9833aaea2_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ib096abb3ca4a45aba5765fa95c80b7cd_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia6849b9d448c4cc7a051feed149edcd3_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i76c6992a729d489785f44905d8e9cb77_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="idd7e953d5bb4457aa472787ac9b088ab_I20210331"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i858848236529409b8178f323a35df31c_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i36cffcbcd4864928ab015783e7b2d5c6_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ifcee3829dd264cb1965505560121a6f2_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="id6aa88615d3b4a8893e6eb166190546a_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1aefb35a31e24e29951a4903f7cb3534_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="icc3b9abe32e94031bbf0a045d56f153b_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i087fa292913740679efae66c961b93f3_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i752b1631ee3c4375bae7fb74b2625327_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="ia4435ac9cb8d462ca0e94c770f6fa2bf_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i251b3f26426f43a29e991078cae324a2_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i4063db8c4ff54382bba1ed0772f0ad5b_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i1538dca86c624ddaa87d70ac7fad1199_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i075420a6c07e43dca017accf8762cd15_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i30a8f2011bb340f29560ae797d8e130e_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i7376b80ab9f84625a78cb2334e023c03_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3c7b74e73a6744b4bb3b405d8f12a39f_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i36259b4137f24b1ba70665955e850873_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i3e65ebf92238415d862dc867aa5d456c_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="i52592161966f4f5fa21b05a458c997ca_I20201231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000930236</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-31</xbrli:instant></xbrli:period></xbrli:context><ix:relationship arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" fromRefs="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjUtNC0xLTEtMA_8e880c6c-83bb-4819-a1ee-3f3e683ea8d0 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjUtMi0xLTEtMA_12380c8a-63f9-497d-ac2d-ec3e0480bf2e id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNy00LTEtMS0w_671d361d-70bb-4359-9817-62eb40e25686 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzYtNC0xLTEtMA_84787255-4f61-4d56-b19b-525491eaf679 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTUtMi0xLTEtMA_db5d9ddd-af75-4ef8-b634-2685d2897ae7 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzQtMi0xLTEtMA_f1cc0c10-5ef1-4b86-8bf6-e1a60bfed22c id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNS0yLTEtMS0w_4887b88f-9d93-4c06-abb9-d23351f9d152 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjctNC0xLTEtMA_f4fc57a7-cfbe-4d44-9863-d430d4168c2b id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNi00LTEtMS0w_0566ca72-06f9-4d9f-91fb-68abea267e2e id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTUtNC0xLTEtMA_047d7959-3427-4d71-b0fe-c43325ebcfac id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMi0xLTEtMA_4a8b7d7e-cf50-4fb5-8217-12547038ee41 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMi0yLTEtMS0w_bd5bf65b-5d4a-40da-984a-dbef5fd5d654 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTEtMi0xLTEtMA_98663aec-ca98-4209-a8d5-5edc30217b0f id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzEtNC0xLTEtMA_c6d2e257-6169-4fce-bf67-12b5a2a915c2 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjgtNC0xLTEtMA_667d44b3-5459-4857-baac-6755142a5fd9 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMi00LTEtMS0w_39f0383d-9999-40b7-8e19-873fe7ee5585 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjctMi0xLTEtMA_4d7e59bc-5f0f-43ea-9b47-712c7d468513 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzItMi0xLTEtMA_33c8baba-5128-4419-a8ff-fe9ff8562f94 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzUtNC0xLTEtMA_7a8324f8-7ecc-4982-90f2-cfe314d81d4b id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNy0yLTEtMS0w_6ccedc91-f1b6-4e00-84ff-cf39f61c3c09 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzQtNC0xLTEtMA_594fa029-90d8-4ae3-9038-7c1f8cac8b31 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTQtMi0xLTEtMA_7e9610d6-0b62-4014-b0cf-ce13a276f2f6 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjItNC0xLTEtMA_03d528ed-b230-489f-832d-882e345770c5 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjgtMi0xLTEtMA_8827b9f4-9e4f-4492-96d4-9490fed4ae4a id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOS00LTEtMS0w_66a17d7c-eb41-4bd0-8847-8ddfc8f641f1 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNS00LTEtMS0w_58e30a51-3961-4f5f-a6b6-66e10c75b1a6 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzUtMi0xLTEtMA_cab9892f-cfb6-4665-954f-1bcd1e07af38 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMy00LTEtMS0w_3d56fa3a-7cb9-4878-b954-62456e096841 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTYtNC0xLTEtMA_6935f01e-f6d5-4a84-85a8-befa2c50c9ce id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOC0yLTEtMS0w_c8fe370f-f87b-478d-8e5c-b5b130806095 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtNC0xLTEtMA_7fc9ea57-2bc8-4123-8f42-263aac1d3552 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjYtMi0xLTEtMA_7e7f11c6-e52a-499d-b5e6-1fde951e0b5c id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTQtNC0xLTEtMA_41460ad6-ad5e-4a73-90b6-d5b45fca74f6 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTYtMi0xLTEtMA_2d527bc0-8eba-4935-b56d-1777257377de id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjAtMi0xLTEtMA_1948cc90-3747-4c90-8325-7f81f80bc2cc id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTEtNC0xLTEtMA_f62ae737-fcb0-4bd3-8407-530e2e679fe3 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNi0yLTEtMS0w_4dabf3d8-d2ec-44d8-86ef-efc955d888e3 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjAtNC0xLTEtMA_cb70f28d-42c5-4dbc-97de-63f4f716405e id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOS0yLTEtMS0w_8dabd65a-3da8-44d9-a982-8905b1b44d96 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjItMi0xLTEtMA_19ea5072-ec29-47a7-9aac-5eb71caf7db3 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzYtMi0xLTEtMA_840408ff-98b9-40c3-951e-f40aeb2c3950 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzMtMi0xLTEtMA_28c75d03-21e8-43b4-868c-ba2e98c4666d id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzMtNC0xLTEtMA_bdbb41c0-affd-4228-839d-1a044a1cbcfc id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjMtNC0xLTEtMA_d3bdce0a-b7d8-4fe4-b630-52ae96255226 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOC00LTEtMS0w_9bdd28a0-61b9-4852-817f-a605452d6b61 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNC0yLTEtMS0w_28fa8892-34b6-4b22-bd13-ec815e483603 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTAtNC0xLTEtMA_db6e579c-a368-485e-9bb2-32e610bfc71a id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzItNC0xLTEtMA_9e08d55c-a42d-4b03-a11c-25715a75eb4b id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjMtMi0xLTEtMA_51070c50-3ecc-4e97-a2e9-92aa09cd5ec5 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzEtMi0xLTEtMA_ff5c9a34-cff9-406d-9e7a-2c159697264f id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTAtMi0xLTEtMA_926539a6-e964-4ccc-be95-d467f741556a id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNC00LTEtMS0w_06ecfc18-8f4b-475d-81b2-17404c47a4d4 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMy0yLTEtMS0w_a03d32bc-c8e2-4033-a44e-0889c28d62f3 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjYtNC0xLTEtMA_2026298f-cd54-4bc9-9c9d-1dd765e07560" linkRole="http://www.xbrl.org/2003/role/link" toRefs="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23" order="1"></ix:relationship><ix:relationship arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" fromRefs="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTgtNC0xLTEtMA_84d22d4c-ebe6-4111-9d37-3422a43542e5 id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTktMi0xLTEtMA_927fb595-7b17-4177-b0e3-096290f6605c id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTktNC0xLTEtMA_5630781e-367a-4a82-a520-e301073743ff id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTgtMi0xLTEtMA_95dcd752-733f-4424-a6ca-e719a229c58c" linkRole="http://www.xbrl.org/2003/role/link" toRefs="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RleHRyZWdpb246ZWNlMzIyYzBiNzdiNGUzOWJjZGYzYTJjZGNmY2Y4ODhfNDY2_3ecfbd30-d097-402c-a276-63029ef5b01c" order="1"></ix:relationship></ix:resources></ix:header></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_1"></div><div style="min-height:36pt;width:100%"><div><span><br/></span></div></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">UNITED STATES OF AMERICA</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Washington, D.C. 20549</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:18.472%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8yMDk4_90daa76f-6f49-434d-8801-efc9179b6a75">10-Q</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:18.472%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:337.50pt"><tr><td style="width:1.0pt"></td><td style="width:15.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:318.25pt"></td><td style="width:1.0pt"></td></tr><tr style="height:23pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" format="ixt-sec:boolballotbox" name="dei:DocumentQuarterlyReport" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6ZDJhNWY2NjIxMTM5NDEwZTg1MzI1NTVmMDVkYzFiODcvdGFibGVyYW5nZTpkMmE1ZjY2MjExMzk0MTBlODUzMjU1NWYwNWRjMWI4N18wLTAtMS0xLTA_8ddae8aa-1e7f-439a-b9f2-90f0f0d0ffbf">&#9746;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) <br/>OF THE SECURITIES EXCHANGE ACT OF 1934</span></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">For the Quarterly Period Ended: <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8xNDI_3cbc7ec7-eb75-4795-bb19-8a8637634c94">March&#160;31, 2021</ix:nonNumeric> </span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">OR</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">         </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:337.50pt"><tr><td style="width:1.0pt"></td><td style="width:15.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:318.25pt"></td><td style="width:1.0pt"></td></tr><tr style="height:23pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" format="ixt-sec:boolballotbox" name="dei:DocumentTransitionReport" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6NTE4ZGQ3NDk4ZTIzNDcxMmE2NmEzOWU5Mzg3YTZmNTcvdGFibGVyYW5nZTo1MThkZDc0OThlMjM0NzEyYTY2YTM5ZTkzODdhNmY1N18wLTAtMS0xLTA_2060027c-da43-44fa-ac9c-06647f9bf61e">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) <br/>OF THE SECURITIES EXCHANGE ACT OF 1934</span></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">For the Transition Period from _______________ to _______________.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Commission File Number <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="dei:EntityFileNumber" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8yMDk5_6c2c1155-6b9e-4e18-96a6-cad87854d28e">1-13759</ix:nonNumeric> </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:23.888%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8yMTAw_cf8ff9ce-5a0d-41b0-bfec-276aaff886a8">REDWOOD TRUST, INC.</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(Exact Name of Registrant as Specified in Its Charter)</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:77.777%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:1.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:45.865%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6MmMyMDNiYzY3ZWIzNDZlMWEwMTQ3ZDA5M2JkNmJhYzgvdGFibGVyYW5nZToyYzIwM2JjNjdlYjM0NmUxYTAxNDdkMDkzYmQ2YmFjOF8wLTAtMS0xLTA_8e6f1476-8b89-474d-a48b-65f5b4e03352">Maryland</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="dei:EntityTaxIdentificationNumber" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6MmMyMDNiYzY3ZWIzNDZlMWEwMTQ3ZDA5M2JkNmJhYzgvdGFibGVyYW5nZToyYzIwM2JjNjdlYjM0NmUxYTAxNDdkMDkzYmQ2YmFjOF8wLTItMS0xLTA_cc6f6d44-4ee8-4316-b2e9-df0d5f9fb401">68-0329422</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(State or Other Jurisdiction of <br/>Incorporation or Organization)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(I.R.S. Employer <br/>Identification No.)</span></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:77.777%"><tr><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.657%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.043%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6YmFhODVmOGEwMjczNGQzZTg0YzkzYmRiMmJlNTNkNjUvdGFibGVyYW5nZTpiYWE4NWY4YTAyNzM0ZDNlODRjOTNiZGIyYmU1M2Q2NV8wLTAtMS0xLTA_ca1a8122-e793-4d3d-9f70-f09c118110e7">One Belvedere Place, Suite 300</ix:nonNumeric> </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6YmFhODVmOGEwMjczNGQzZTg0YzkzYmRiMmJlNTNkNjUvdGFibGVyYW5nZTpiYWE4NWY4YTAyNzM0ZDNlODRjOTNiZGIyYmU1M2Q2NV8xLTAtMS0xLTA_78ac51bc-cb22-4441-8c1e-55cd34809d5a">Mill Valley,</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" format="ixt-sec:stateprovnameen" name="dei:EntityAddressStateOrProvince" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6YmFhODVmOGEwMjczNGQzZTg0YzkzYmRiMmJlNTNkNjUvdGFibGVyYW5nZTpiYWE4NWY4YTAyNzM0ZDNlODRjOTNiZGIyYmU1M2Q2NV8xLTEtMS0xLTA_819f62af-13fb-43a9-b53b-973a0e792245">California</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="dei:EntityAddressPostalZipCode" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6YmFhODVmOGEwMjczNGQzZTg0YzkzYmRiMmJlNTNkNjUvdGFibGVyYW5nZTpiYWE4NWY4YTAyNzM0ZDNlODRjOTNiZGIyYmU1M2Q2NV8xLTMtMS0xLTA_4f0a7dfd-5c8e-476a-b6cd-e09bcd524357">94941</ix:nonNumeric></span></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Address of Principal Executive Offices)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Zip Code)</span></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(<ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8yMDkz_339fe3f5-16ef-4a39-8580-9196a17cc522">415</ix:nonNumeric>) <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8yMDk0_9a7750cd-3bb9-4a8f-9726-901fd82dc781">389-7373</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(Registrant&#8217;s Telephone Number, Including Area Code)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Not Applicable</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:23.888%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="margin-top:3pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="dei:EntityCurrentReportingStatus" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8yMDk1_8f38ed81-d8f4-4bde-945c-1dfe71847510">Yes</ix:nonNumeric> </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">&#9746;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%"> No </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">&#9744;</span></div><div style="margin-top:3pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="dei:EntityInteractiveDataCurrent" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8yMDk2_9a5bddee-811f-4e37-a146-a014ad37790e">Yes</ix:nonNumeric> </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">&#9746;</span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">No </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">&#9744;</span></div><div style="margin-top:3pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company,&#8221; and "emerging growth company" in Rule 12b-2 of the Exchange Act.</span></div><div style="margin-bottom:8pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:92.361%"><tr><td style="width:1.0%"></td><td style="width:18.148%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.657%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:50.027%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.509%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.059%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" format="ixt-sec:entityfilercategoryen" name="dei:EntityFilerCategory" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6ZTc4MWI2OWZlOTNmNDgyOGJhNTk2NmRiZWI3ZjRkNjMvdGFibGVyYW5nZTplNzgxYjY5ZmU5M2Y0ODI4YmE1OTY2ZGJlYjdmNGQ2M18wLTAtMS0xLTA_3833d1be-53b8-4a2d-b98b-510dbf8fc372">Large accelerated filer</ix:nonNumeric> </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#9746;</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Accelerated filer </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#9744;</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Non-accelerated filer </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#9744;</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Smaller reporting company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" format="ixt-sec:boolballotbox" name="dei:EntitySmallBusiness" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6ZTc4MWI2OWZlOTNmNDgyOGJhNTk2NmRiZWI3ZjRkNjMvdGFibGVyYW5nZTplNzgxYjY5ZmU5M2Y0ODI4YmE1OTY2ZGJlYjdmNGQ2M18xLTQtMS0xLTA_85e3e76d-0c63-4cb1-9961-7eda25aa2b92">&#9744;</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Emerging growth company </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" format="ixt-sec:boolballotbox" name="dei:EntityEmergingGrowthCompany" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6ZTc4MWI2OWZlOTNmNDgyOGJhNTk2NmRiZWI3ZjRkNjMvdGFibGVyYW5nZTplNzgxYjY5ZmU5M2Y0ODI4YmE1OTY2ZGJlYjdmNGQ2M18yLTQtMS0xLTA_04b35c54-f035-41bf-8a1c-8941bf45676e">&#9744;</ix:nonNumeric></span></td></tr></table></div><div style="margin-bottom:3pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">&#9744;</span></div><div style="margin-bottom:3pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" format="ixt-sec:boolballotbox" name="dei:EntityShellCompany" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8yMDk3_d31f5fe5-9754-499b-95e0-904503f7f3b1">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%"> No </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">&#9746;</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Act:</span></div><div style="margin-bottom:8pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:38.151%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:38.152%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Title of each class</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Trading symbol(s)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Name of each exchange on which registered</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6MTQyZjU0YjMwN2UxNGQ3YWI2ZjRhOThkOTU1NDYwN2EvdGFibGVyYW5nZToxNDJmNTRiMzA3ZTE0ZDdhYjZmNGE5OGQ5NTU0NjA3YV8xLTAtMS0xLTA_12b0adad-1279-4857-9dc0-5e581ba861dc">Common stock, par value $0.01 per share</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6MTQyZjU0YjMwN2UxNGQ3YWI2ZjRhOThkOTU1NDYwN2EvdGFibGVyYW5nZToxNDJmNTRiMzA3ZTE0ZDdhYjZmNGE5OGQ5NTU0NjA3YV8xLTEtMS0xLTA_be4a2c55-8404-49f3-95cc-8696e848370c">RWT</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6MTQyZjU0YjMwN2UxNGQ3YWI2ZjRhOThkOTU1NDYwN2EvdGFibGVyYW5nZToxNDJmNTRiMzA3ZTE0ZDdhYjZmNGE5OGQ5NTU0NjA3YV8xLTItMS0xLTA_c9d5b80c-5687-4cec-b8aa-72838fe827cf">New York Stock Exchange</ix:nonNumeric></span></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.205%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.050%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.568%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Common Stock, $0.01 par value per share</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i2bb8980f5b2045c48cdacec865e59b15_I20210504" decimals="INF" format="ixt:numdotdecimal" name="dei:EntityCommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6Mzg3MmJkNTgxMTAxNDE2ZGIxMmM4ZDRlMWRhYWU0NmEvdGFibGVyYW5nZTozODcyYmQ1ODExMDE0MTZkYjEyYzhkNGUxZGFhZTQ2YV8wLTItMS0xLTA_50c19410-ab9e-48b8-95a0-4ab0e34d4d22">113,010,497</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">shares outstanding as of May 4, 2021</span></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">         </span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="height:18pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_7"></div><hr style="page-break-after:always"/><div style="min-height:36pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2021 FORM 10-Q REPORT</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">TABLE OF CONTENTS</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:80.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.772%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.151%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Page</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"><a style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_10">PART I</a> &#8212;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">FINANCIAL INFORMATION</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Item 1.</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_13">Financial Statements</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_13">2</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_16">Consolidated Balance Sheets at March 31, 2021 (Unaudited) and December 31, 2020</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_16">2</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_19">Consolidated Statements of Income (Loss) for the Three Months Ended March 31, 2021 and 2020 (Unaudited)</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_19">3</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_22">Consolidated Statements of Comprehensive Income (Loss) for the Three Months Ended March 31, 2021 and 2020 (Unaudited)</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_22">4</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_25">Consolidated Statements of Changes in Stockholders' Equity for the Three Months Ended March 31, 2021 and 2020 (Unaudited)</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_25">5</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_28">Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2021 and 2020 (Unaudited)</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_28">6</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_31">Notes to Consolidated Financial Statements (Unaudited)</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_31">8</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_34">Note 1. Organization</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_34">8</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_37">Note 2. Basis of Presentation</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_37">8</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_40">Note 3. Summary of Significant Accounting Policies</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_40">11</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_43">Note 4. Principles of Consolidation</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_43">13</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_46">Note 5. Fair Value of Financial Instruments</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_46">20</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_49">Note 6. Residential Loans</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_49">28</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_55">Note 7. Business Purpose Loans</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_55">31</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_61">Note 8. Multifamily Loans</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_61">33</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_67">Note 9. Real Estate Securities</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_67">34</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_73">Note 10. Other Investments</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_73">39</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_76">Note 11. Derivative Financial Instruments</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_76">41</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_79">Note 12. Other Assets and Liabilities</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_79">43</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_82">Note 13. Short-Term Debt</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_82">45</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_85">Note 14. Asset-Backed Securities Issued</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_85">47</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_88">Note 15. Long-Term Debt</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_88">49</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_91">Note 16. Commitments and Contingencies</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_91">50</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_97">Note 17. Equity</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_97">53</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_100">Note 18. Equity Compensation Plans</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_100">55</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_103">Note 19. Mortgage Banking Activities, Net</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_103">56</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_109">Note 20. Other Income</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_109">57</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_112">Note 21. General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_112">58</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_115">Note 22. Taxes</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_115">59</a></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_118">Note 23. Segment Information</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_118">59</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Item 2.</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_124">Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_124">62</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Item 3.</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_205">Quantitative and Qualitative Disclosures About Market Risk</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_205">86</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Item 4.</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_208">Controls and Procedures</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_208">86</a></span></div></td></tr><tr style="height:9pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"><a style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_211">PART II</a> &#8212; </span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">OTHER INFORMATION</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Item 1.</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_214">Legal Proceedings</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_214">87</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Item 1A.</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_217">Risk Factors</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_217">87</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Item 2.</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_220">Unregistered Sales of Equity Securities and Use of Proceeds</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_220">87</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Item 3.</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_223">Defaults Upon Senior Securities</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_223">87</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Item 4.</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_226">Mine Safety Disclosures (Not Applicable)</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_226">87</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Item 5.</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_229">Other Information</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_229">87</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Item 6.</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_232">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_232">90</a></span></div></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_235">Signatures</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:none" href="#ibbb1cfc257ec4428ade8d1d12a26495b_235">92</a></span></div></td></tr></table></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">i</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_10"></div><hr style="page-break-after:always"/><div style="min-height:36pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">PART I. FINANCIAL INFORMATION</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_13"></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 1. Financial Statements</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_16"></div><div style="margin-top:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES</span></div><div style="margin-top:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CONSOLIDATED BALANCE SHEETS</span></div><div style="margin-bottom:5pt;margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.050%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.429%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands, except Share Data)<br/>(Unaudited)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">ASSETS</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Residential loans, held-for-sale, at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic09c7c8bc47240bf8d07fb841ad3e4ef_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMi0yLTEtMS0w_bd5bf65b-5d4a-40da-984a-dbef5fd5d654">996,512</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9434eafbc16499db49a9f2451fa8069_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMi00LTEtMS0w_39f0383d-9999-40b7-8e19-873fe7ee5585">176,641</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Residential loans, held-for-investment, at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0a210c65d99c4a029d3962efa2f3da82_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMy0yLTEtMS0w_a03d32bc-c8e2-4033-a44e-0889c28d62f3">3,705,324</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id1b5d106720044ecae18bf6263f90651_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMy00LTEtMS0w_3d56fa3a-7cb9-4878-b954-62456e096841">4,072,410</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Business purpose loans, held-for-sale, at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i54e1c3413c9b4684b62142a68cd76b69_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNC0yLTEtMS0w_28fa8892-34b6-4b22-bd13-ec815e483603">333,110</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib0e19b379ad14fac9963bfdea9ed1cba_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNC00LTEtMS0w_06ecfc18-8f4b-475d-81b2-17404c47a4d4">245,394</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Business purpose loans, held-for-investment, at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie7eeaf9a0bac45a5b562bcf6670028a1_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNS0yLTEtMS0w_4887b88f-9d93-4c06-abb9-d23351f9d152">3,839,010</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i244fb01c052b43d3be068af6e0eeb08d_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNS00LTEtMS0w_58e30a51-3961-4f5f-a6b6-66e10c75b1a6">3,890,959</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Multifamily loans, held-for-investment, at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8a44a8ba40ac40c8b1f498b3abd3d8c8_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNi0yLTEtMS0w_4dabf3d8-d2ec-44d8-86ef-efc955d888e3">489,545</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id5ec0afafeed4798a836756819077adc_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNi00LTEtMS0w_0566ca72-06f9-4d9f-91fb-68abea267e2e">492,221</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Real estate securities, at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNy0yLTEtMS0w_6ccedc91-f1b6-4e00-84ff-cf39f61c3c09">364,320</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNy00LTEtMS0w_671d361d-70bb-4359-9817-62eb40e25686">344,125</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOC0yLTEtMS0w_c8fe370f-f87b-478d-8e5c-b5b130806095">322,579</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOC00LTEtMS0w_9bdd28a0-61b9-4852-817f-a605452d6b61">348,175</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Cash and cash equivalents</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOS0yLTEtMS0w_8dabd65a-3da8-44d9-a982-8905b1b44d96">426,019</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOS00LTEtMS0w_66a17d7c-eb41-4bd0-8847-8ddfc8f641f1">461,260</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Restricted cash</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTAtMi0xLTEtMA_926539a6-e964-4ccc-be95-d467f741556a">95,775</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTAtNC0xLTEtMA_db6e579c-a368-485e-9bb2-32e610bfc71a">83,190</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Intangible assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IntangibleAssetsNetIncludingGoodwill" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTEtMi0xLTEtMA_98663aec-ca98-4209-a8d5-5edc30217b0f">52,992</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IntangibleAssetsNetIncludingGoodwill" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTEtNC0xLTEtMA_f62ae737-fcb0-4bd3-8407-530e2e679fe3">56,865</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Derivative assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTQtMi0xLTEtMA_7e9610d6-0b62-4014-b0cf-ce13a276f2f6">129,924</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTQtNC0xLTEtMA_41460ad6-ad5e-4a73-90b6-d5b45fca74f6">53,238</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Other assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTUtMi0xLTEtMA_db5d9ddd-af75-4ef8-b634-2685d2897ae7">141,738</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTUtNC0xLTEtMA_047d7959-3427-4d71-b0fe-c43325ebcfac">130,588</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTYtMi0xLTEtMA_2d527bc0-8eba-4935-b56d-1777257377de">10,896,848</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTYtNC0xLTEtMA_6935f01e-f6d5-4a84-85a8-befa2c50c9ce">10,355,066</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">LIABILITIES AND EQUITY </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Short-term debt, net </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjAtMi0xLTEtMA_1948cc90-3747-4c90-8325-7f81f80bc2cc">1,253,882</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjAtNC0xLTEtMA_cb70f28d-42c5-4dbc-97de-63f4f716405e">522,609</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Derivative liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjItMi0xLTEtMA_19ea5072-ec29-47a7-9aac-5eb71caf7db3">73,178</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjItNC0xLTEtMA_03d528ed-b230-489f-832d-882e345770c5">16,072</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Accrued expenses and other liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjMtMi0xLTEtMA_51070c50-3ecc-4e97-a2e9-92aa09cd5ec5">244,274</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjMtNC0xLTEtMA_d3bdce0a-b7d8-4fe4-b630-52ae96255226">179,340</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Asset-backed securities issued (includes $<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjUtMC0xLTEtMC90ZXh0cmVnaW9uOjNhMTAzZDFhYTc4NjRkNjU4MmNjOGYxOWIyNTljY2Y0XzQ1_0a6eec75-429d-4be3-91a1-62a115f95df7">6,475,472</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjUtMC0xLTEtMC90ZXh0cmVnaW9uOjNhMTAzZDFhYTc4NjRkNjU4MmNjOGYxOWIyNTljY2Y0XzUy_954aeced-3698-463b-85ba-54f74d774578">6,900,362</ix:nonFraction> at fair value), net</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjUtMi0xLTEtMA_12380c8a-63f9-497d-ac2d-ec3e0480bf2e">6,671,677</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjUtNC0xLTEtMA_8e880c6c-83bb-4819-a1ee-3f3e683ea8d0">7,100,661</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Long-term debt, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherLongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjYtMi0xLTEtMA_7e7f11c6-e52a-499d-b5e6-1fde951e0b5c">1,438,262</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherLongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjYtNC0xLTEtMA_2026298f-cd54-4bc9-9c9d-1dd765e07560">1,425,485</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjctMi0xLTEtMA_4d7e59bc-5f0f-43ea-9b47-712c7d468513">9,681,273</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjctNC0xLTEtMA_f4fc57a7-cfbe-4d44-9863-d430d4168c2b">9,244,167</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Commitments and Contingencies (see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-style:italic;font-weight:400;line-height:100%">Note 16)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" xsi:nil="true" name="us-gaap:CommitmentsAndContingencies" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjgtMi0xLTEtMA_8827b9f4-9e4f-4492-96d4-9490fed4ae4a"></ix:nonFraction></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" xsi:nil="true" name="us-gaap:CommitmentsAndContingencies" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjgtNC0xLTEtMA_667d44b3-5459-4857-baac-6755142a5fd9"></ix:nonFraction></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Equity</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Common stock, par value $<ix:nonFraction unitRef="usdPerShare" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="INF" name="us-gaap:CommonStockParOrStatedValuePerShare" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMC0xLTEtMC90ZXh0cmVnaW9uOjdiNzIxY2JkZjk1YTRiOTBhYWNiODQwZjZiMjY0MDU3XzI4_96119a23-14b7-4945-975f-f47a4ff230e1"><ix:nonFraction unitRef="usdPerShare" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="INF" name="us-gaap:CommonStockParOrStatedValuePerShare" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMC0xLTEtMC90ZXh0cmVnaW9uOjdiNzIxY2JkZjk1YTRiOTBhYWNiODQwZjZiMjY0MDU3XzI4_a1d0f391-ef89-41e4-b11a-34f26182ab88">0.01</ix:nonFraction></ix:nonFraction> per share, <ix:nonFraction unitRef="shares" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesAuthorized" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMC0xLTEtMC90ZXh0cmVnaW9uOjdiNzIxY2JkZjk1YTRiOTBhYWNiODQwZjZiMjY0MDU3XzQy_d1a32f0b-5180-416c-bfab-114a799b6187"><ix:nonFraction unitRef="shares" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesAuthorized" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMC0xLTEtMC90ZXh0cmVnaW9uOjdiNzIxY2JkZjk1YTRiOTBhYWNiODQwZjZiMjY0MDU3XzQy_d68fa0dd-ebf0-43ff-a63c-d1c93a0026c2">395,000,000</ix:nonFraction></ix:nonFraction> shares authorized; <ix:nonFraction unitRef="shares" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMC0xLTEtMC90ZXh0cmVnaW9uOjdiNzIxY2JkZjk1YTRiOTBhYWNiODQwZjZiMjY0MDU3Xzcx_08171f7b-8591-4eda-9c7d-bf59f86e2554"><ix:nonFraction unitRef="shares" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMC0xLTEtMC90ZXh0cmVnaW9uOjdiNzIxY2JkZjk1YTRiOTBhYWNiODQwZjZiMjY0MDU3Xzcx_a00c916a-434c-41a4-8b46-6631d9f12c2a">112,998,732</ix:nonFraction></ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMC0xLTEtMC90ZXh0cmVnaW9uOjdiNzIxY2JkZjk1YTRiOTBhYWNiODQwZjZiMjY0MDU3Xzc4_2ba030e8-e4cb-4187-b170-a90e0e567e70"><ix:nonFraction unitRef="shares" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:CommonStockSharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMC0xLTEtMC90ZXh0cmVnaW9uOjdiNzIxY2JkZjk1YTRiOTBhYWNiODQwZjZiMjY0MDU3Xzc4_ae0793bb-a271-4eb7-87dd-95b655a1898e">112,090,006</ix:nonFraction></ix:nonFraction> issued and outstanding</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CommonStockValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMi0xLTEtMA_4a8b7d7e-cf50-4fb5-8217-12547038ee41">1,130</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CommonStockValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtNC0xLTEtMA_7fc9ea57-2bc8-4123-8f42-263aac1d3552">1,121</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Additional paid-in capital</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AdditionalPaidInCapitalCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzEtMi0xLTEtMA_ff5c9a34-cff9-406d-9e7a-2c159697264f">2,281,647</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AdditionalPaidInCapitalCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzEtNC0xLTEtMA_c6d2e257-6169-4fce-bf67-12b5a2a915c2">2,264,874</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Accumulated other comprehensive income (loss)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzItMi0xLTEtMA_33c8baba-5128-4419-a8ff-fe9ff8562f94">4,988</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzItNC0xLTEtMA_9e08d55c-a42d-4b03-a11c-25715a75eb4b">4,221</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Cumulative earnings</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RetainedEarningsAccumulatedDeficit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzMtMi0xLTEtMA_28c75d03-21e8-43b4-868c-ba2e98c4666d">1,094,534</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RetainedEarningsAccumulatedDeficit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzMtNC0xLTEtMA_bdbb41c0-affd-4228-839d-1a044a1cbcfc">997,277</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Cumulative distributions to stockholders</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CumulativeDividends" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzQtMi0xLTEtMA_f1cc0c10-5ef1-4b86-8bf6-e1a60bfed22c">2,166,724</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CumulativeDividends" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzQtNC0xLTEtMA_594fa029-90d8-4ae3-9038-7c1f8cac8b31">2,148,152</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total equity</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzUtMi0xLTEtMA_cab9892f-cfb6-4665-954f-1bcd1e07af38">1,215,575</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzUtNC0xLTEtMA_7a8324f8-7ecc-4982-90f2-cfe314d81d4b">1,110,899</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Liabilities and Equity</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LiabilitiesAndStockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzYtMi0xLTEtMA_840408ff-98b9-40c3-951e-f40aeb2c3950">10,896,848</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LiabilitiesAndStockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzYtNC0xLTEtMA_84787255-4f61-4d56-b19b-525491eaf679">10,355,066</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</span></div><div style="margin-bottom:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><ix:footnote id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $<ix:nonFraction unitRef="usd" contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNDA4_11811d9a-94f9-4659-b483-d01653f20ea8">7,724,203</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNDE1_b6429be4-3cd6-4853-9ef1-29a86ea0a6f5">8,141,069</ix:nonFraction>, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $<ix:nonFraction unitRef="usd" contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNDg4_81874d4c-bbf8-4bb3-8c78-3c19d579ccd7">6,704,943</ix:nonFraction> and $<ix:nonFraction unitRef="usd" contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNDk1_55310d9f-04e5-4433-b451-792e65dc7b45">7,148,414</ix:nonFraction>, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></ix:footnote></div><div style="padding-left:18pt;text-align:justify"><span><br/></span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify"><span><br/></span></div><div style="margin-top:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">The accompanying notes are an integral part of these consolidated financial statements.</span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_19"></div><hr style="page-break-after:always"/><div style="min-height:36pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CONSOLIDATED STATEMENTS OF INCOME (LOSS)</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.483%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.485%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands, except Share Data)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Unaudited)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Interest Income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndFeeIncomeLoansConsumerRealEstate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMy0yLTEtMS0w_5d8fb39e-b5a7-4aa1-bdec-cf3b9908913f">43,655</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndFeeIncomeLoansConsumerRealEstate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMy00LTEtMS0w_462fa13a-5ccb-4cc5-b083-b4204aa1e21f">79,436</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfNC0yLTEtMS0w_42c79f3f-922e-4c07-9dd6-3500d723b39c">64,188</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfNC00LTEtMS0w_043c93f6-69cd-4c67-a0ed-7191cfb8b905">52,654</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndFeeIncomeLoansHeldForSaleMortgages" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfNS0yLTEtMS0w_b0f6bfeb-1191-4f48-a6a0-3e1aa6c93066">4,786</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndFeeIncomeLoansHeldForSaleMortgages" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfNS00LTEtMS0w_e08b9104-9fa3-4e51-946c-47b8baae4c71">40,172</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeSecuritiesMortgageBacked" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfNi0yLTEtMS0w_43e870d6-11d5-413b-8b81-7bc72eaa42ba">9,663</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeSecuritiesMortgageBacked" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfNi00LTEtMS0w_92b6c64f-0e12-423f-b743-c651829e4e11">18,309</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other interest income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeOther" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfNy0yLTEtMS0w_11221e29-26a7-4d01-8021-83889df7da19">6,013</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeOther" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfNy00LTEtMS0w_3cf56c10-043c-4ec9-b1be-1063ee3e8a25">7,510</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfOC0yLTEtMS0w_0592fda6-d8d1-4b96-850f-063b34366f4e">128,305</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfOC00LTEtMS0w_c7045402-2b10-4115-b6c1-9c11f544ee84">198,081</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Interest Expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Short-term debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpenseShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTAtMi0xLTEtMA_0c1ef9db-35d3-4b5d-bcb2-7a214c6aceb4">7,773</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpenseShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTAtNC0xLTEtMA_bb1216db-b072-48f6-8303-d6cf203b4471">23,067</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Asset-backed securities issued</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTEtMi0xLTEtMA_d6628ac1-612d-4d15-bfa4-e7a233252879">72,561</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTEtNC0xLTEtMA_98cd0493-0c1e-43d8-b446-b66533c9a179">100,498</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Long-term debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpenseLongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTItMi0xLTEtMA_f49120e6-2140-4a34-bd19-7c49d06f4ea0">22,218</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpenseLongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTItNC0xLTEtMA_34568d5c-af91-48e5-97f6-ebe7268f20b7">23,106</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total interest expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTMtMi0xLTEtMA_edb8e6be-8c8f-4515-971f-11d221b56e0d">102,552</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTMtNC0xLTEtMA_5d76ab76-7ca1-474b-884c-f09bdfadf10f">146,671</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Interest Income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTQtMi0xLTEtMA_d4e9b232-df13-45c2-893d-472bb10c214d">25,753</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTQtNC0xLTEtMA_336f6384-8d1d-48be-a427-1ac0c0ee937c">51,410</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-interest Income (Loss)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage banking activities, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTYtMi0xLTEtMA_5f0be8f1-edd3-4309-926c-f7d30b6f0764">82,607</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTYtNC0xLTEtMA_861eeb4b-7d1a-47fa-b7ad-f37c9392eda8">28,902</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTctMi0xLTEtMA_09a4bcb7-deb8-42c5-97ba-03ab76f3643e">45,087</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTctNC0xLTEtMA_aa4e9741-ee96-485f-82e7-a37137184fe5">870,832</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTgtMi0xLTEtMA_8ce4601f-85cf-4ee0-a3e7-22d322d1ec1d">3,843</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTgtNC0xLTEtMA_8dfffb90-c4f6-460a-919e-7cf4657991ec">2,928</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized gains, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealizedInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTktMi0xLTEtMA_328a960d-1a6f-4f42-b76c-b11086aef87b">2,716</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealizedInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTktNC0xLTEtMA_8150004e-8f0e-478f-9e1a-9d4f846f2316">3,852</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total non-interest income (loss), net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjAtMi0xLTEtMA_8a9286d0-443d-44a0-8500-828a63b9dd61">134,253</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjAtNC0xLTEtMA_5c144dcb-94e5-497e-a58a-98aefb4efbb5">892,954</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjEtMi0xLTEtMA_81b48ea5-b601-4849-a74e-9468bf2f4361">43,551</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjEtNC0xLTEtMA_ad8945f8-81e7-47d3-8bfe-0b60494e52e5">28,682</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan acquisition costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjItMi0xLTEtMA_9542e148-c661-4695-acc3-7395829656cf">3,559</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjItNC0xLTEtMA_1445f2ae-1256-418d-8503-7697f63b4d96">3,986</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjMtMi0xLTEtMA_25dbebbb-977f-49aa-81da-382267bfb8da">4,096</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjMtNC0xLTEtMA_96c91fb6-788e-4a37-bbd1-690e58a1fcdb">91,415</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Income (Loss) before (Provision for) Benefit from Income Taxes</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjQtMi0xLTEtMA_838c1104-24f8-4fac-bad2-5c570d0646f3">108,800</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjQtNC0xLTEtMA_1eab4b55-5cb1-4338-8a32-66c68297ebc5">965,627</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Provision for) benefit from income taxes</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IncomeTaxExpenseBenefit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjUtMi0xLTEtMA_3b2cba0c-6444-4e71-bb60-ce0ad4a01f52">11,543</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeTaxExpenseBenefit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjUtNC0xLTEtMA_76152473-6f7f-404a-876d-1be83cde0a86">22,229</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Income (Loss)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjYtMi0xLTEtMA_ecb379c7-dc34-4de1-8883-df63a2704fc5">97,257</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjYtNC0xLTEtMA_f6d1345a-a158-4f4f-a962-5d8d2d53e497">943,398</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Basic earnings (loss) per common share</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="2" name="us-gaap:EarningsPerShareBasic" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjgtMi0xLTEtMA_501455d8-0f2e-47dc-8d32-c69cf728f92e">0.84</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasic" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjgtNC0xLTEtMA_1c528aba-a4e6-443f-82d1-27fc3c83c3e4">8.28</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Diluted earnings (loss) per common share</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="2" name="us-gaap:EarningsPerShareDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjktMi0xLTEtMA_569dce46-65e3-46df-8d6a-4e8d0ba71a0c">0.72</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="2" sign="-" name="us-gaap:EarningsPerShareDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjktNC0xLTEtMA_c539276b-9e4d-41bc-8eca-f48fde0ba021">8.28</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Basic weighted average shares outstanding</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfSharesOutstandingBasic" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMzAtMi0xLTEtMA_3f78ee3d-daf0-4e44-8ef7-432616f34571">112,276,842</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfSharesOutstandingBasic" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMzAtNC0xLTEtMA_2a1d8a60-8c80-44fb-a739-b516ef756bdd">114,076,568</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Diluted weighted average shares outstanding</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMzEtMi0xLTEtMA_0ae41470-50c4-4698-b13b-1575f0839810">141,039,285</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMzEtNC0xLTEtMA_3c719aca-5d1b-48e2-9a57-e2e53bfcc6f1">114,076,568</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div><span><br/></span></div><div style="margin-top:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">The accompanying notes are an integral part of these consolidated financial statements.</span></div><div style="margin-top:3pt;text-align:center"><span><br/></span></div><div style="margin-top:3pt;text-align:center"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_22"></div><hr style="page-break-after:always"/><div style="min-height:36pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)</span></div><div style="text-align:center"><span><br/></span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.483%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.485%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Unaudited)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Income (Loss)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfMi0yLTEtMS0w_ecb379c7-dc34-4de1-8883-df63a2704fc5">97,257</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfMi00LTEtMS0w_f6d1345a-a158-4f4f-a962-5d8d2d53e497">943,398</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other comprehensive income (loss):</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net unrealized gain (loss) on available-for-sale securities </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfNC0yLTEtMS0w_12d71792-02c7-4c4c-a9c3-76b6c5f24881">10,986</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfNC00LTEtMS0w_5b2fed84-1585-41ec-b2d8-2a4ca608ac41">80,519</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reclassification of unrealized gain on available-for-sale securities to net income </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfNS0yLTEtMS0w_2cbb1126-29f9-4ff1-9427-2bd73d910e6e">2,795</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfNS00LTEtMS0w_247e8006-d237-492b-af1c-41cc5adb117f">13,798</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net unrealized loss on interest rate agreements</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfNi0yLTEtMS0w_366f4b3c-8090-4c7c-9f19-c77024698d39">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfNi00LTEtMS0w_ae4ebff9-87ca-42b1-b2e2-3f6eedfe4278">32,806</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reclassification of unrealized loss on interest rate agreements to net income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfNy0yLTEtMS0w_883892b3-eeeb-4eff-b841-3d4cb20f330c">1,018</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfNy00LTEtMS0w_c622603f-cf28-48bd-bc12-b1c2334d67e5">79</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total other comprehensive income (loss)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfOC0yLTEtMS0w_9aca9e75-8d0f-48d5-a3ff-4a590cf4a4f8">9,209</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfOC00LTEtMS0w_985771c3-9553-46f5-89af-c5a6237f3e61">127,044</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Comprehensive Income (Loss)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfOS0yLTEtMS0w_6b427952-f3bd-4dcc-b703-a4e68e254364">106,466</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfOS00LTEtMS0w_f526d57e-1d38-440c-a9cb-f1c159e9e99c">1,070,442</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div><span><br/></span></div><div style="text-align:center"><span><br/></span></div><div style="margin-top:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">The accompanying notes are an integral part of these consolidated financial statements.</span></div><div style="margin-top:3pt;text-align:center"><span><br/></span></div><div style="text-align:center"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_25"></div><hr style="page-break-after:always"/><div style="min-height:36pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY</span></div><div style="text-align:center"><span><br/></span></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">For the Three Months Ended March 31, 2021</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"><tr><td style="width:1.0%"></td><td style="width:19.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.674%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.674%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.827%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.074%"></td><td style="width:0.1%"></td></tr><tr style="height:24pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(In Thousands, except Share Data)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Common Stock</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Additional <br/>Paid-In<br/>Capital</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Accumulated<br/>Other<br/>Comprehensive<br/>Income (Loss)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cumulative<br/>&#160;Earnings</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cumulative<br/>Distributions<br/>to Stockholders</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(Unaudited)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Shares</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Amount</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i2a27c4e9ebd24c52be722bc119776477_I20201231" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:SharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMi0yLTEtMS0w_35ccb10b-d346-4f8b-b831-24e5cb990240">112,090,006</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2a27c4e9ebd24c52be722bc119776477_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMi00LTEtMS0w_6804cdab-d9b1-4b36-bc07-42f40401b96c">1,121</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic8dfc3bfbfa44dd9ada1b83fc85e2c25_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMi02LTEtMS0w_c1196294-7545-4ddf-bc5a-46acb8b4d057">2,264,874</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if21535c3aac5426c8c94ca5e044db744_I20201231" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMi04LTEtMS0w_4d1c23b9-c547-4efc-b230-734e220c6c56">4,221</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib4a881f805524523bbf4fe5fad7bbe0d_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMi0xMC0xLTEtMA_a6763aa5-21d6-469a-bd28-2b84a7600c6a">997,277</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i897fdad8ee7c495f801c02cbb8190105_I20201231" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMi0xMi0xLTEtMA_4c117834-0ec4-48d1-94d6-1997e26d83e0">2,148,152</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMi0xNC0xLTEtMA_14f5162e-917c-42ed-9ea2-ddeccb9ea8c7">1,110,899</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i720b0541952f4e2f89edecb171a35fa1_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMy0xMC0xLTEtMA_5f35879f-e8b2-487d-8e26-d29a20d0f433">97,257</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMy0xNC0xLTEtMA_972ef168-3ef8-4ece-ba62-afb221b5e732">97,257</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other comprehensive income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8aad96f812b54751bdeb1eebb7382271_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNC04LTEtMS0w_d2daaed9-00b4-489f-95a8-ef631a073b5c">9,209</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNC0xNC0xLTEtMA_796b3dd8-0863-4f07-a027-eabcb3b06620">9,209</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Issuance of common stock</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i5bf3a8ad6789496288b3e5fab11519ee_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodSharesNewIssues" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNS0yLTEtMS0w_3f44488d-bcbd-466f-9b56-b93938e24720">806,068</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5bf3a8ad6789496288b3e5fab11519ee_D20210101-20210331" decimals="-3" name="us-gaap:StockIssuedDuringPeriodValueNewIssues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNS00LTEtMS0w_ed450a29-1e24-4674-9407-5eb933e14030">8</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie10aa11215cf40c5b8c6ccfffbb77306_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodValueNewIssues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNS02LTEtMS0w_e2033797-79ba-43ff-8fd4-ce9de813bc1b">13,366</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodValueNewIssues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNS0xNC0xLTEtMA_6cf36a45-94f8-4a1e-bd5e-0deaba6c105d">13,374</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Employee stock purchase and incentive plans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i5bf3a8ad6789496288b3e5fab11519ee_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="rwt:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNy0yLTEtMS0w_aecd3b24-67c4-4666-9a9b-1907c2ddf3ae">102,658</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5bf3a8ad6789496288b3e5fab11519ee_D20210101-20210331" decimals="-3" name="rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNy00LTEtMS0w_9489c9d9-9d9a-43d0-aa77-8c0b48228599">1</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ie10aa11215cf40c5b8c6ccfffbb77306_D20210101-20210331" decimals="-3" sign="-" name="rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNy02LTEtMS0w_11562cf1-1f8f-4017-995b-b0723ae33a8f">811</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" sign="-" name="rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNy0xNC0xLTEtMA_ffb118fa-6d18-4005-a3e1-5743e773e002">810</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Non-cash equity award compensation</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie10aa11215cf40c5b8c6ccfffbb77306_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfOC02LTEtMS0w_93200fe6-b712-435d-9fd5-b4f3714a0844">4,218</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfOC0xNC0xLTEtMA_093fccc9-3468-4737-bb92-118782f311f1">4,218</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Common dividends declared ($<ix:nonFraction unitRef="usdPerShare" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="INF" name="us-gaap:CommonStockDividendsPerShareDeclared" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTAtMC0xLTEtMC90ZXh0cmVnaW9uOjFiMTU0ZjljYmRiYjQ4YjU4ZGZkYmUxZjAzYTEzMDA1XzMx_cc7723e2-83f8-43c5-bb16-de6f378d56c6">0.16</ix:nonFraction> per share)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ieb01081879264690b281ba1cf63d4c2a_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DividendsCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTAtMTItMS0xLTA_3dff7625-099f-474b-a173-050733730031">18,572</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DividendsCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTAtMTQtMS0xLTA_3a1f5742-456f-465e-b989-bf60f076714e">18,572</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i7cd2c613d5fc46e18eb02657a382f5f3_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:SharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTEtMi0xLTEtMA_859cbdac-a192-489e-ba9c-fee03c6b1f75">112,998,732</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7cd2c613d5fc46e18eb02657a382f5f3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTEtNC0xLTEtMA_001add58-4d38-423b-aa2d-36e0db5bacb8">1,130</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb44e5ce22db4f8eba91e5ec3802acc3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTEtNi0xLTEtMA_379e1099-fd6e-41f8-aac6-8a49fb148832">2,281,647</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if08ef2fe3f59450a8a4512f18505ec8c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTEtOC0xLTEtMA_ac76a5cb-b74e-48e2-9100-6876c7542390">4,988</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i63bc4d542f994ff8a49a3664e4d2689c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTEtMTAtMS0xLTA_99c420d6-6383-4ff5-889e-627915d08b8e">1,094,534</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ifb7fb032bd4841ef8296e28fe37c9b21_I20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTEtMTItMS0xLTA_5ebafcc5-be42-4d59-b23b-d157a40069b2">2,166,724</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTEtMTQtMS0xLTA_935ce046-d90c-4c01-9e47-3018c183abc4">1,215,575</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:8pt"><span><br/></span></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">For the Three Months Ended March 31, 2020</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"><tr><td style="width:1.0%"></td><td style="width:19.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.674%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.674%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.827%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.074%"></td><td style="width:0.1%"></td></tr><tr style="height:24pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(In Thousands, except Share Data)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Common Stock</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Additional <br/>Paid-In<br/>Capital</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Accumulated<br/>Other<br/>Comprehensive<br/>Income</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cumulative<br/>&#160;Earnings</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cumulative<br/>Distributions<br/>to Stockholders</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(Unaudited)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Shares</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Amount</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2019</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i9d20c02db835427a9027df31aebd1aef_I20191231" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:SharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMi0yLTEtMS0w_c449f237-e17d-4ad6-a210-854dda8619c2">114,353,036</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9d20c02db835427a9027df31aebd1aef_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMi00LTEtMS0w_85ac3311-427c-41e4-a334-5c5c3cb33e75">1,144</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1b07cc05bc854005a7e77f384b212318_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMi02LTEtMS0w_69b032e7-6771-4079-8787-efed3c55db09">2,269,617</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib7e164ae55da4b158e411cecbd9ce0b6_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMi04LTEtMS0w_5d709b8b-0c8c-4773-82b1-f98eb1f9f94c">41,513</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i63e0f93381f24d5a9485042e86593834_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMi0xMC0xLTEtMA_1815346e-6d93-4a9a-b328-60c7dd760406">1,579,124</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i4da15819d3b54ba3bbadd65de4234652_I20191231" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMi0xMi0xLTEtMA_2b6f9f66-6cb1-4ed1-bcab-8ad507fad574">2,064,167</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i63defda5d53a4b889b716222ce560cdb_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMi0xNC0xLTEtMA_53cdc3fa-f213-4eeb-bf61-35a26175b810">1,827,231</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net loss</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="id882a6e79bdf4589aa3b05b4a526b4e1_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMy0xMC0xLTEtMA_5a5c14bd-de97-4b89-9583-c29383fa9985">943,398</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMy0xNC0xLTEtMA_6f195f8e-9f3f-450c-8d0a-36a20a9c7f05">943,398</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other comprehensive loss</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="id37fb32bed8f40f2b27428b6e74924fd_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNC04LTEtMS0w_9673ce0d-99e6-4802-8c73-b2ff02697176">127,044</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNC0xNC0xLTEtMA_1e140345-0d75-4dab-bc52-54dee36b9a96">127,044</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Issuance of common stock</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i9a879fb4d53a4ed7847790160db69378_D20200101-20200331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodSharesNewIssues" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNS0yLTEtMS0w_712b2bf9-aa65-4766-bb16-e40c0116a5c9">350,088</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9a879fb4d53a4ed7847790160db69378_D20200101-20200331" decimals="-3" name="us-gaap:StockIssuedDuringPeriodValueNewIssues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNS00LTEtMS0w_dcb7206d-de06-46b1-b0f9-30de50a915f8">3</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0aada30b42c8466fb98d4ac41d62ea6b_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodValueNewIssues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNS02LTEtMS0w_c098541f-9452-4ba1-991a-16e37c60d114">5,544</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodValueNewIssues" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNS0xNC0xLTEtMA_cee33fcd-2a3c-425c-83b2-3ef9fbf17ac4">5,547</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Employee stock purchase and incentive plans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i9a879fb4d53a4ed7847790160db69378_D20200101-20200331" decimals="INF" format="ixt:numdotdecimal" name="rwt:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNy0yLTEtMS0w_32fb1af3-1320-44c5-8375-6f2faff20285">134,409</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9a879fb4d53a4ed7847790160db69378_D20200101-20200331" decimals="-3" name="rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNy00LTEtMS0w_bcea8a9d-96ab-4f86-95a3-e2870f6b043d">1</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i0aada30b42c8466fb98d4ac41d62ea6b_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNy02LTEtMS0w_7980fb3b-9dc1-44ec-9c59-3202642eb0cb">2,541</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNy0xNC0xLTEtMA_ca3650c5-5167-4dac-8754-7d6010210d43">2,540</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Non-cash equity award compensation</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0aada30b42c8466fb98d4ac41d62ea6b_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfOC02LTEtMS0w_39fcd475-ee00-4a04-b4ec-bc02a759a0e9">3,188</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfOC0xNC0xLTEtMA_a96a37ad-8054-4ca0-a819-27cba940a45b">3,188</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Common dividends declared ($<ix:nonFraction unitRef="usdPerShare" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="INF" name="us-gaap:CommonStockDividendsPerShareDeclared" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTAtMC0xLTEtMC90ZXh0cmVnaW9uOmJhNzhmMmRlNDE5ZTRmZmQ4YzhjMzVjMDMwOTNmNGQ1XzMx_dfb241c5-20f7-4bc0-80aa-2a26434afb2d">0.32</ix:nonFraction> per share)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ifdebd6c01c8a484c8009639606c1143d_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DividendsCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTAtMTItMS0xLTA_9d02fe96-8ef9-450b-8665-a95f4f9057ea">37,782</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DividendsCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTAtMTQtMS0xLTA_11d19f63-e6fa-4298-834a-2c6b49e73114">37,782</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">March 31, 2020</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i39ab6968cc9f4d2e92e7e37cb03ba4ef_I20200331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:SharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTEtMi0xLTEtMA_d6af9a44-3776-4eb1-9a85-c1b516a8628a">114,837,533</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i39ab6968cc9f4d2e92e7e37cb03ba4ef_I20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTEtNC0xLTEtMA_2b5406cb-d862-4ff0-8ef1-82c103cc6dd8">1,148</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib866c8b5ed3049a2808d8a4a5268702c_I20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTEtNi0xLTEtMA_1e55a3ea-81a3-477f-a315-1a9dc628065d">2,275,808</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i33acfd13f5c54b91959abd9042533d0f_I20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTEtOC0xLTEtMA_f285441f-6727-4537-a1f9-0988f45121f7">85,531</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic3ba145d1d1b44908d5be73717078b14_I20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTEtMTAtMS0xLTA_f8ddc7ca-69aa-42c6-9c91-a51969e53375">635,726</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7a97043cd4fa4b3181f40b3a0f2fbeed_I20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTEtMTItMS0xLTA_4fe1c8ea-ecb0-43b8-90c0-6e59cb26ab6b">2,101,949</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4496b8fa66474fb7befa45ddc23d4823_I20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTEtMTQtMS0xLTA_b858fd98-bd87-419d-9984-144ce3fda117">725,202</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div style="padding-left:18pt;text-indent:-18pt"><span><br/></span></div><div style="margin-top:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">The accompanying notes are an integral part of these consolidated financial statements.</span></div><div style="margin-top:8pt;padding-left:9pt;padding-right:9pt;text-align:center;text-indent:-18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_28"></div><hr style="page-break-after:always"/><div style="min-height:36pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES<br/>CONSOLIDATED STATEMENTS OF CASH FLOWS</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.205%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.207%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(In Thousands)<br/>(Unaudited)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Cash Flows From Operating Activities:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net income (loss)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMy0yLTEtMS0w_f0197e2d-9232-4301-81d3-6e7d7dfbfb01">97,257</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMy00LTEtMS0w_3ca3d246-5747-46fb-ac8e-69bdc1f07350">943,398</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Adjustments to reconcile net income (loss) to net cash used in operating activities:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Amortization of premiums, discounts, and securities issuance costs, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:AccretionAmortizationOfDiscountsAndPremiumsInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNS0yLTEtMS0w_b5f81195-5410-4bff-9272-3bea2882ef35">2,216</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" name="us-gaap:AccretionAmortizationOfDiscountsAndPremiumsInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNS00LTEtMS0w_181198fa-e242-4eba-b063-58ab28fdf67a">596</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Depreciation and amortization of non-financial assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DepreciationAndAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNi0yLTEtMS0w_1b927db5-af43-4427-a7ff-36ecdd7707e5">4,172</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DepreciationAndAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNi00LTEtMS0w_0bae1195-bb93-4f7e-ae06-4c1c3dd2b8b3">4,677</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Originations of held-for-sale loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsForOriginationOfMortgageLoansHeldForSale" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNy0yLTEtMS0w_19693088-7df9-4ed3-aa64-df04cd362210">254,975</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsForOriginationOfMortgageLoansHeldForSale" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNy00LTEtMS0w_24e86fea-1ca9-40fa-b3cd-af4132ffbd1e">280,076</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Purchases of held-for-sale loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsToPurchaseLoansHeldForSale" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfOC0yLTEtMS0w_e97b3be8-79d9-40fb-8cb5-1fb653b0fdc3">3,150,432</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsToPurchaseLoansHeldForSale" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfOC00LTEtMS0w_bdca89d0-a079-4fb6-90fe-55b5c772321e">2,665,447</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Proceeds from sales of held-for-sale loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromSaleOfLoansHeldForSale" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfOS0yLTEtMS0w_8e6a9d01-5190-4ad8-8ab3-7730aaa1b425">2,345,164</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromSaleOfLoansHeldForSale" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfOS00LTEtMS0w_490aaf0d-ee17-4c61-a52c-80ca5b0db145">2,733,285</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal payments on held-for-sale loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromCollectionOfLoansHeldForSale" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTAtMi0xLTEtMA_7bf4fc39-b2f4-4a63-82ec-34e468ff7862">4,477</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromCollectionOfLoansHeldForSale" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTAtNC0xLTEtMA_17764a65-850e-4b4f-8f77-b58f35c97a8a">19,778</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net settlements of derivatives</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:PaymentsForProceedsFromDerivativeInstrumentOperatingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTEtMi0xLTEtMA_8c73371b-911e-4525-ae1a-81794e2f5afd">24,849</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:PaymentsForProceedsFromDerivativeInstrumentOperatingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTEtNC0xLTEtMA_724aaa22-6cfc-4a9b-b370-0648bb80f318">163,442</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Non-cash equity award compensation expense</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensation" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTMtMi0xLTEtMA_1b4fe263-e2e7-4d86-93fe-7dd8232e4d17">4,218</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensation" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTMtNC0xLTEtMA_03136286-b1c1-4b41-89a9-6fa6c2e89897">3,188</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Goodwill impairment expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:GoodwillImpairmentLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTQtMi0xLTEtMA_d26135dc-b352-4cfe-b048-72e73b49571b">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GoodwillImpairmentLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTQtNC0xLTEtMA_574762dc-f1da-4af3-a0f3-6e4da09ac5a3">88,675</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market valuation adjustments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:MarketValuationAdjustmentsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTUtMi0xLTEtMA_b6182ce2-3481-4a9f-9169-5bd3bb34d820">119,783</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:MarketValuationAdjustmentsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTUtNC0xLTEtMA_167aa908-2d78-405c-b634-a9658a1700ea">912,477</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Realized gains, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainLossOnSaleOfInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTYtMi0xLTEtMA_95859a57-40e1-4307-8af7-f0e76664c067">2,716</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainLossOnSaleOfInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTYtNC0xLTEtMA_da80600c-d7df-4059-bd70-e41b0b09c806">3,852</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net change in:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Accrued interest receivable and other assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncreaseDecreaseInOtherOperatingAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTgtMi0xLTEtMA_324c3472-103c-4115-9fa4-2c51e6a2ef15">2,565</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncreaseDecreaseInOtherOperatingAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTgtNC0xLTEtMA_43e7c0ba-2622-4ba3-84ee-92e1c5d5bbef">107,740</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Accrued interest payable and accrued expenses and other liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IncreaseDecreaseInOperatingLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTktMi0xLTEtMA_04e99543-83bb-415c-a044-c2eeda736955">76,824</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncreaseDecreaseInOperatingLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTktNC0xLTEtMA_16c8b60e-c586-46e4-abc0-36aeeded0483">54,414</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net cash used in operating activities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetCashProvidedByUsedInOperatingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjAtMi0xLTEtMA_0da5e06b-2577-4d05-a073-dd66f362f824">966,164</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetCashProvidedByUsedInOperatingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjAtNC0xLTEtMA_548376c5-7d7c-47e0-a637-72096447c926">241,405</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Cash Flows From Investing Activities:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Originations of loan investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:PaymentsForOriginationOfLoansHeldForInvestment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjItMi0xLTEtMA_921db7a9-47e3-459d-88a9-bcbb8532de52">133,229</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:PaymentsForOriginationOfLoansHeldForInvestment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjItNC0xLTEtMA_42bd6036-5e53-4cb3-9ebe-6eb499b8323d">206,634</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Proceeds from sales of loan investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromSaleOfFinanceReceivables" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjQtMi0xLTEtMA_d8725816-7a7d-4b72-9bba-163288ce0923">8,877</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:ProceedsFromSaleOfFinanceReceivables" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjQtNC0xLTEtMA_a0d50b00-f216-4b5a-b79d-ca033f870b05">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal payments on loan investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromCollectionOfFinanceReceivables" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjUtMi0xLTEtMA_ecaff01e-0895-4e4e-a75c-d7f6dd12f564">649,749</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromCollectionOfFinanceReceivables" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjUtNC0xLTEtMA_837e7a0e-ea85-4d8d-9793-2dcc2449ac4f">638,508</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Purchases of real estate securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsToAcquireMarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjYtMi0xLTEtMA_d0ac3f25-8021-4029-a2ea-9ec8f7fb8440">15,880</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsToAcquireMarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjYtNC0xLTEtMA_b634639b-3782-4320-9b3f-6591b83db614">52,259</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Sales of securities held in consolidated securitization trusts</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjktMi0xLTEtMA_d6e57bc8-9b47-420d-bee5-7b3ff6ab494e">8,197</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjktNC0xLTEtMA_a0426aad-a88c-4a0f-9ccd-9481176767fe">121,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Proceeds from sales of real estate securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzAtMi0xLTEtMA_bd311097-e553-46cd-9a58-d9b88848925a">25,747</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzAtNC0xLTEtMA_40b7d08a-4afc-4c31-af01-4b9d0153c230">529,494</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal payments on real estate securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:ProceedsFromPrincipalRepaymentsOnSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzEtMi0xLTEtMA_3c6a2eca-0dc9-41d5-93d6-c75289237378">11,746</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:ProceedsFromPrincipalRepaymentsOnSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzEtNC0xLTEtMA_ca0134d4-8583-4089-8261-3bcf7ed26afe">11,952</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Purchases of servicer advance investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:PaymentsForServicingAdvanceInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzItMi0xLTEtMA_a43fe104-c0f4-41ee-a8d8-ea57433c65b1">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:PaymentsForServicingAdvanceInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzItNC0xLTEtMA_9957d126-163d-4c26-a867-3d6b63428104">158,618</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal repayments from servicer advance investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:RepaymentsOfServicingAdvanceInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzMtMi0xLTEtMA_a5f9ee65-5bb4-4cad-bffd-2753a551a738">24,804</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:RepaymentsOfServicingAdvanceInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzMtNC0xLTEtMA_f61ecfb5-5807-4f3a-aaa7-bdf9480009ee">22,815</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Other investing activities, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:PaymentsForProceedsFromOtherInvestingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzktMi0xLTEtMA_e8b92bb9-eacb-4bb1-97b3-28ccd9736ce6">2,601</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:PaymentsForProceedsFromOtherInvestingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzktNC0xLTEtMA_ffccda3d-44a0-4bd7-985d-1f19bb8cd5d8">4,328</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net cash provided by investing activities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetCashProvidedByUsedInInvestingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDAtMi0xLTEtMA_2d66923d-31c1-4362-86a2-48585ec8610f">582,612</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetCashProvidedByUsedInInvestingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDAtNC0xLTEtMA_449e4037-fd26-4c8d-b7ac-572c838db265">910,586</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Cash Flows From Financing Activities:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Proceeds from borrowings on short-term debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromShortTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDItMi0xLTEtMA_b7cc3eba-f5b0-4e71-b287-ca25f10a2a87">2,724,508</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromShortTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDItNC0xLTEtMA_c81ccafe-1dd0-4b6e-9d06-164de15cad62">2,972,646</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Repayments on short-term debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RepaymentsOfShortTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDMtMi0xLTEtMA_c202bece-15cd-4608-9c9b-697b56d9b0b4">1,993,506</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RepaymentsOfShortTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDMtNC0xLTEtMA_f6f78946-f4c9-42a3-8ec4-2a0f40f0e49a">2,960,444</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Proceeds from issuance of asset-backed securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromIssuanceOfSecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDQtMi0xLTEtMA_35755aed-cf56-4347-bb9d-2506a366fba6">147,086</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromIssuanceOfSecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDQtNC0xLTEtMA_a65ef0b4-cda4-451e-a4ab-5999692cf399">377,164</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Repayments on asset-backed securities issued</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RepaymentsOfSecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDUtMi0xLTEtMA_4859d263-a8a8-40c3-9bfe-c3bd4e2ca767">507,037</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RepaymentsOfSecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDUtNC0xLTEtMA_df294b58-3a6c-4f60-be1b-5544cc83c0c1">363,696</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Proceeds from borrowings on long-term debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromOtherDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDctMi0xLTEtMA_a1ca3473-9129-4f91-b2bc-fb9ffbab9769">164,456</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromOtherDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDctNC0xLTEtMA_535b2e27-163b-43f3-abde-4235d964578b">133,961</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Repayments on long-term debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RepaymentsOfOtherDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDktMi0xLTEtMA_4b5d9564-7e00-4e76-a9aa-3bdd33455270">154,074</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RepaymentsOfOtherDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDktNC0xLTEtMA_6b077e4c-1db2-46ff-b1e5-f9e37f12420a">633,448</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net settlements of derivatives</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:PaymentsForProceedsFromDerivativeInstrumentFinancingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTAtMi0xLTEtMA_ac8d7087-b3d5-48ba-a471-6f88710f1c1b">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsForProceedsFromDerivativeInstrumentFinancingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTAtNC0xLTEtMA_b372595e-bf35-4eae-931f-54b4be9c36a9">84,336</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net proceeds from issuance of common stock</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" name="us-gaap:ProceedsFromIssuanceOfCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTEtMi0xLTEtMA_b446486d-2fc8-412e-b854-ed65e969d226">115</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromIssuanceOfCommonStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTEtNC0xLTEtMA_99e8e176-16cb-4c71-a6f4-2ac3a4aa4801">2,262</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Taxes paid on equity award distributions</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" name="us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTMtMi0xLTEtMA_087b8e62-d0d7-498d-aa2f-9da0c0c98d14">925</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTMtNC0xLTEtMA_84313275-be49-4cdb-9265-a79ea0e5eef1">2,632</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Dividends paid</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsOfDividends" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTQtMi0xLTEtMA_8a1df9ed-f394-467c-83e9-3818d58655ab">18,572</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:PaymentsOfDividends" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTQtNC0xLTEtMA_67510814-dc4e-44ca-abf0-a539f105279d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Other financing activities, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromPaymentsForOtherFinancingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTUtMi0xLTEtMA_7315f469-be4d-4ff0-8032-4b8a87782f4c">1,155</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromPaymentsForOtherFinancingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTUtNC0xLTEtMA_0a5b3528-67cb-4ee4-bccf-6c35c7ea918f">2,494</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net cash provided by (used in) financing activities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetCashProvidedByUsedInFinancingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTYtMi0xLTEtMA_c521e82d-3a12-49c1-b35b-1b6c2e587103">360,896</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetCashProvidedByUsedInFinancingActivities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTYtNC0xLTEtMA_c876a7e3-74db-4852-97fb-fcbd4bbe3743">556,029</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net (decrease) increase in cash, cash equivalents and restricted cash</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTctMi0xLTEtMA_e9e75f31-4de9-4272-b1c7-ad8585712356">22,656</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTctNC0xLTEtMA_6897265f-96cf-450c-95fd-0d0586d8d217">113,152</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Cash, cash equivalents and restricted cash at beginning of period </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTgtMi0xLTEtMA_95dcd752-733f-4424-a6ca-e719a229c58c">544,450</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i63defda5d53a4b889b716222ce560cdb_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTgtNC0xLTEtMA_84d22d4c-ebe6-4111-9d37-3422a43542e5">290,833</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Cash, cash equivalents and restricted cash at end of period </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTktMi0xLTEtMA_927fb595-7b17-4177-b0e3-096290f6605c">521,794</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4496b8fa66474fb7befa45ddc23d4823_I20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTktNC0xLTEtMA_5630781e-367a-4a82-a520-e301073743ff">403,985</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:36pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES<br/>CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.205%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.207%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(In Thousands)<br/>(Unaudited)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Supplemental Cash Flow Information:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Cash paid during the period for:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;Interest</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPaidNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjAtMi0xLTEtMA_e08b4e82-a6bb-44f1-8220-85616505d19d">99,180</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPaidNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjAtNC0xLTEtMA_68826f98-0b92-4616-95a0-bec59fda3939">170,884</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;Taxes</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" name="us-gaap:IncomeTaxesPaid" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjEtMi0xLTEtMA_6a97d54a-df75-4318-9931-9db3ed91fc14">7</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" name="us-gaap:IncomeTaxesPaid" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjEtNC0xLTEtMA_3ce6a701-5212-4b03-9087-8bf95330bf5f">109</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Supplemental Noncash Information:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Real estate securities retained from loan securitizations</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjMtMi0xLTEtMA_37486c9a-ef57-42d9-9b33-cde5505df917">7,627</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4496b8fa66474fb7befa45ddc23d4823_I20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjMtNC0xLTEtMA_58b5941f-51ef-4d6e-9eae-af830fe47929">46,560</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Deconsolidation of multifamily loans held in securitization trusts</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjctMi0xLTEtMA_57f168f0-57c8-4977-b2fb-e3dfc50b03e3">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjctNC0xLTEtMA_cd5b25ef-1380-43c9-a85b-0bf04ff14c54">3,849,779</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Deconsolidation of multifamily ABS</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjgtMi0xLTEtMA_f85663b0-d20d-42bc-bfad-e30b4dc9e683">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjgtNC0xLTEtMA_ba58317c-8970-408c-87ce-9e24e7a30c42">3,706,789</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Transfers from loans held-for-sale to loans held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjktMi0xLTEtMA_784bc5f5-eaa3-4030-8ac8-014dec0d3b99">301,298</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjktNC0xLTEtMA_a9370b1a-0212-49dd-a752-a1dbdf66ccd4">382,635</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Transfers from loans held-for-investment to loans held-for-sale</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:TransferOfPortfolioLoansAndLeasesToHeldForSale1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzAtMi0xLTEtMA_9e138ac2-3533-40a5-b600-153cf6eaa355">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TransferOfPortfolioLoansAndLeasesToHeldForSale1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzAtNC0xLTEtMA_abc1e48d-d23b-4f74-8edb-c00aa71fa021">1,857,781</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Transfers from residential loans to real estate owned</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TransferToOtherRealEstate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzEtMi0xLTEtMA_4f4d4099-7271-4d47-96af-762f759e1e79">14,684</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TransferToOtherRealEstate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzEtNC0xLTEtMA_38aec85e-a9f6-4c74-be51-4dddf4e2c4b0">6,363</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Right-of-use asset obtained in exchange for operating lease liability</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzMtMi0xLTEtMA_bfd5dd03-c2a6-416e-b603-7ea88adeaee6">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzMtNC0xLTEtMA_cb20d2e6-7c2a-4a01-b26d-8fdbf3626794">5,362</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Accrued but unpaid dividends</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DividendsPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzUtMi0xLTEtMA_17c328af-9c0e-4c5e-b0fb-9311c1d97ea7">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4496b8fa66474fb7befa45ddc23d4823_I20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DividendsPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzUtNC0xLTEtMA_4cdea421-27d8-41f1-9c02-624421101262">37,800</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Issuance of common stock for 5 Arches acquisition</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodValueAcquisitions" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzYtMi0xLTEtNzAwNQ_bceab73a-5056-486c-9148-27b2fa43e631">13,375</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockIssuedDuringPeriodValueAcquisitions" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzYtNC0xLTEtNzAwNQ_bff3e234-290a-4f8b-ba20-25fe9bc64ef8">3,375</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:2pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)&#160;&#160;&#160;&#160;<ix:footnote id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RleHRyZWdpb246ZWNlMzIyYzBiNzdiNGUzOWJjZGYzYTJjZGNmY2Y4ODhfNDY2_3ecfbd30-d097-402c-a276-63029ef5b01c" footnoteRole="http://www.xbrl.org/2003/role/footnote">Cash, cash equivalents, and restricted cash at March&#160;31, 2021 includes cash and cash equivalents of $<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RleHRyZWdpb246ZWNlMzIyYzBiNzdiNGUzOWJjZGYzYTJjZGNmY2Y4ODhfMjY2_418bcb5a-9dd4-40b3-8913-ea09e36edf04">426</ix:nonFraction> million and restricted cash of $<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:RestrictedCashAndCashEquivalents" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RleHRyZWdpb246ZWNlMzIyYzBiNzdiNGUzOWJjZGYzYTJjZGNmY2Y4ODhfMjky_ff60c4b7-4cd7-474d-88a2-e4e6f009323f">96</ix:nonFraction> million, and at December&#160;31, 2020 includes cash and cash equivalents of $<ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RleHRyZWdpb246ZWNlMzIyYzBiNzdiNGUzOWJjZGYzYTJjZGNmY2Y4ODhfMzQ0_859937bf-eaa4-4c74-a8bc-e38e90f3d9e8">461</ix:nonFraction> million and restricted cash of $<ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:RestrictedCashAndCashEquivalents" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RleHRyZWdpb246ZWNlMzIyYzBiNzdiNGUzOWJjZGYzYTJjZGNmY2Y4ODhfMzcw_25e1ad83-cbba-4f1a-9041-9043b81f36e4">83</ix:nonFraction> million. </ix:footnote></span></div><div style="margin-bottom:2pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">The accompanying notes are an integral part of these consolidated financial statements.</span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_31"></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="margin-top:12pt"><span><br/></span></div><div><span><br/></span></div></div><div><span><br/></span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_34"></div><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 1. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:NatureOfOperations" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNC9mcmFnOmEyYjNjMTk2NzFmMjQ1NjI5MjU4YmM3N2ViZjUxMjNhL3RleHRyZWdpb246YTJiM2MxOTY3MWYyNDU2MjkyNThiYzc3ZWJmNTEyM2FfMjE5NA_0bd070d3-dfc2-4b1d-af41-135f43c8e4d9" continuedAt="ib90184e671b142b0a8a6c8e972189878" escape="true">Organization</ix:nonNumeric></span></div><ix:continuation id="ib90184e671b142b0a8a6c8e972189878" continuedAt="i9601364b815c469daa174dc63ac5df1e"><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood Trust, Inc., together with its subsidiaries, is a specialty finance company focused on several distinct areas of housing credit. Our operating platforms occupy a unique position in the housing finance value chain, providing liquidity to growing segments of the U.S. housing market not served by government programs. We deliver customized housing credit investments to a diverse mix of investors, through our best-in-class securitization platforms; whole-loan distribution activities; and our publicly-traded shares. Our consolidated investment portfolio has evolved to incorporate a diverse mix of residential, business purpose and multifamily investments. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a commitment to technological innovation that facilitates risk-minded scale. We operate our business in <ix:nonFraction unitRef="segment" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="INF" format="ixt-sec:numwordsen" name="us-gaap:NumberOfOperatingSegments" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNC9mcmFnOmEyYjNjMTk2NzFmMjQ1NjI5MjU4YmM3N2ViZjUxMjNhL3RleHRyZWdpb246YTJiM2MxOTY3MWYyNDU2MjkyNThiYzc3ZWJmNTEyM2FfNDY1_9066523b-cd89-4200-849a-e2ded1fcebd0">three</ix:nonFraction> segments: Residential Lending, Business Purpose Lending, and Third-Party Investments.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our primary sources of income are net interest income from our investments and non-interest income from our mortgage banking activities. Net interest income consists of the interest income we earn on investments less the interest expense we incur on borrowed funds and other liabilities. Income from mortgage banking activities is generated through the origination and acquisition of loans, and their subsequent sale, securitization, or transfer to our investment portfolios. </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood Trust, Inc. has elected to be taxed as a real estate investment trust (&#8220;REIT&#8221;) under the Internal Revenue Code of 1986, as amended (the &#8220;Internal Revenue Code&#8221;), beginning with its taxable year ended December 31, 1994. We generally refer, collectively, to Redwood Trust, Inc. and those of its subsidiaries that are not subject to subsidiary-level corporate income tax as &#8220;the REIT&#8221; or &#8220;our REIT.&#8221; We generally refer to subsidiaries of Redwood Trust, Inc. that are subject to subsidiary-level corporate income tax as &#8220;our taxable REIT subsidiaries&#8221; or &#8220;TRS.&#8221; </span></div></ix:continuation><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="i9601364b815c469daa174dc63ac5df1e">Redwood was incorporated in the State of Maryland on April&#160;11, 1994, and commenced operations on August&#160;19, 1994. On March 1, 2019, Redwood completed the acquisition of 5 Arches, LLC ("5 Arches"), at which time 5 Arches became a wholly-owned subsidiary of Redwood. On October 15, 2019, Redwood acquired CoreVest American Finance Lender, LLC and certain affiliated entities ("CoreVest"), at which time CoreVest became wholly owned by Redwood. References herein to &#8220;Redwood,&#8221; the &#8220;company,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; and &#8220;our&#8221; include Redwood Trust, Inc. and its consolidated subsidiaries, unless the context otherwise requires.</ix:continuation> </span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_37"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 2. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTEwNzk_c84a5132-d160-488b-968b-e9a2a8e13b3a" continuedAt="i66382a189e6a443f9b4d2a781a32a6ee" escape="true"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:BasisOfAccountingPolicyPolicyTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTEwODQ_6b444d32-912c-4be4-a34b-ec1735fbb952" continuedAt="i02ec64050557406b86db499db41b1e81" escape="true">Basis of Presentation</ix:nonNumeric></ix:nonNumeric></span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="i66382a189e6a443f9b4d2a781a32a6ee" continuedAt="i3221734629294b07823ab32c97c748e4"><ix:continuation id="i02ec64050557406b86db499db41b1e81">The consolidated financial statements presented herein are at March&#160;31, 2021 and December&#160;31, 2020, and for the three months ended March&#160;31, 2021 and 2020. These interim unaudited consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and note disclosures normally included in our annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") &#8212;&#160;as prescribed by the Financial Accounting Standards Board&#8217;s (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;)&#160;&#8212;&#160;have been condensed or omitted in these interim financial statements according to these SEC rules and regulations. Management believes that the disclosures included in these interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the company's Annual Report on Form 10-K for the year ended December&#160;31, 2020. In the opinion of management, all normal and recurring adjustments to present fairly the financial condition of the Company at March&#160;31, 2021 and results of operations for all periods presented have been made. The results of operations for the three months ended March&#160;31, 2021 should not be construed as indicative of the results to be expected for the full year.</ix:continuation></ix:continuation></span></div><div style="margin-top:12pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 2. Basis of Presentation - (continued)</span></div></div><ix:continuation id="i3221734629294b07823ab32c97c748e4" continuedAt="ib96baa2ea93a4128b2f068e79f6a4a89"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ConsolidationPolicyTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTEwNzI_74803a6b-69e8-4804-9cb9-f509adad6581" continuedAt="i8e8ff7235e514528adc9fdd5e75bb6b5" escape="true"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Principles of Consolidation</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In accordance with GAAP, we determine whether we must consolidate transferred financial assets and variable interest entities (&#8220;VIEs&#8221;) for financial reporting purposes. We currently consolidate the assets and liabilities of certain Sequoia securitization entities issued prior to 2012 ("Legacy Sequoia"), entities formed in connection with the securitization of Redwood Choice expanded-prime loans ("Sequoia Choice"), and entities formed in connection with the securitization of single-family rental loans ("CAFL"). We also consolidate the assets and liabilities of certain Freddie Mac K-Series and Freddie Mac Seasoned Loans Structured Transaction ("SLST") securitizations in which we have invested. Each securitization entity is independent of Redwood and of each other and the assets and liabilities are not owned by and are not legal obligations of Redwood Trust, Inc. Our exposure to these entities is primarily through the financial interests we have purchased or retained, although for the consolidated Sequoia and CAFL entities we are exposed to certain financial risks associated with our role as a sponsor, servicing administrator, or depositor of these entities or as a result of our having sold assets directly or indirectly to these entities. </span></div></ix:nonNumeric><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="i8e8ff7235e514528adc9fdd5e75bb6b5">For financial reporting purposes, the underlying loans owned at the consolidated Sequoia and Freddie Mac SLST entities are shown under Residential loans held-for-investment at fair value, the underlying loans at the consolidated Freddie Mac K-Series entity are shown under Multifamily loans held-for-investment at fair value, and the underlying single-family rental loans at the consolidated CAFL entities are shown under Business purpose loans held-for-investment at fair value on our consolidated balance sheets. The asset-backed securities (&#8220;ABS&#8221;) issued to third parties by these entities are shown under ABS issued. In our consolidated statements of income (loss), we recorded interest income on the loans owned at these entities and interest expense on the ABS issued by these entities as well as other income and expenses associated with these entities' activities.</ix:continuation> See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 14</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for further discussion on ABS issued.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We also consolidate <ix:nonFraction unitRef="partnership" contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331" decimals="INF" format="ixt-sec:numwordsen" name="rwt:NumberOfPartnershipsConsolidated" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfNDMwMg_b0428535-5343-402f-8341-81df4b283014">two</ix:nonFraction> partnerships ("Servicing Investment" entities) through which we have invested in servicing-related assets. We maintain an <ix:nonFraction unitRef="number" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="2" name="us-gaap:VariableInterestEntityOwnershipPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfNDQyNw_e3741e45-be4b-4709-90e2-2058637b999b">80</ix:nonFraction>% ownership interest in each entity and have determined that we are the primary beneficiary of these partnerships.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 4</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for further discussion on principles of consolidation. </span></div><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:UseOfEstimates" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTExMDA_c7012100-f4aa-4b84-9c73-4be1b4c9d15d" escape="true"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements requires us to make a number of significant estimates. These include estimates of fair value of certain assets and liabilities, amounts and timing of credit losses, prepayment rates, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reported periods. It is likely that changes in these estimates (e.g., valuation changes due to supply and demand, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. Our estimates are inherently subjective in nature and actual results could differ from our estimates and the differences could be material.</span></div></ix:nonNumeric><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Acquisitions </span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Refer to our Annual Report on Form 10-K for the year ended December&#160;31, 2020 for additional information regarding the acquisitions of 5 Arches and CoreVest, including purchase price allocations.</span></div></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 2. Basis of Presentation - (continued)</span></div></div><ix:continuation id="ib96baa2ea93a4128b2f068e79f6a4a89"><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the acquisitions of 5 Arches and CoreVest in 2019, we identified and recorded finite-lived intangible assets totaling $<ix:nonFraction unitRef="usd" contextRef="ibb655d421b2f4d0d895a60ebf75bb660_I20191231" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTA5OTUxMTYzOTQ3OA_6966c4ca-3403-460d-9ddb-49f171f9fd6a">25</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="i072e50207a4a44d8b991fc84eb64155e_I20191231" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTA5OTUxMTYzOTQ4Ng_c50b5ea4-3438-4165-be1f-cf40407536c5">57</ix:nonFraction> million, respectively. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMjE5OTAyMzI4MDg4Nw_f85d722f-7d11-4607-8613-ddef841f5bda" continuedAt="i808fb682528149e6bf0de2e1decc595a" escape="true">The table below presents the amortization period and carrying value of our intangible assets, net of accumulated amortization at March&#160;31, 2021 and December&#160;31, 2020. </ix:nonNumeric></span></div><ix:continuation id="i808fb682528149e6bf0de2e1decc595a"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 2.1 &#8211; Intangible Assets &#8211; Activity</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.316%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.316%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.316%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.321%"></td><td style="width:0.1%"></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Intangible Assets at Acquisition</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Accumulated Amortization at March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Carrying Value at March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Amortization Period (in years)</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Borrower network</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i745d19ad1af64fc59aea8f70c859355b_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfMi0yLTEtMS0yMDA_be40a828-14f9-4d68-b16c-3744e2beb5d5">45,300</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i288c847c056942489a78d80fef6ce754_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfMi00LTEtMS0yMDA_70b1a3d0-9e00-4193-84f7-127c82a7db86">9,437</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i288c847c056942489a78d80fef6ce754_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfMi02LTEtMS00MDE0_d09fa267-3420-49f5-b881-11474350b8a8">35,863</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i44c8252f3ba344efae9aabe1415a9a09_D20210101-20210331" format="ixt-sec:duryear" name="us-gaap:FiniteLivedIntangibleAssetUsefulLife" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfMi04LTEtMS0xNzU_29882272-cff2-42b9-81f9-0ba5c7686426">7</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Broker network</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib4da90a8f9dd417da10b774f7f34080b_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfMy0yLTEtMS0yMDA_3a3dc363-58e4-43ec-909d-30a7398b6ac0">18,100</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i564901a14f27402090d60a19ffcf3373_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfMy00LTEtMS0yMDA_984dbdd8-f374-4abe-9760-538e1afb7894">7,542</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i564901a14f27402090d60a19ffcf3373_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfMy02LTEtMS00MDE0_08cf8327-de6b-433b-be29-2c148d3e7507">10,558</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i95a51203dd2b48b9841b9f3756c3f5c3_D20210101-20210331" format="ixt-sec:duryear" name="us-gaap:FiniteLivedIntangibleAssetUsefulLife" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfMy04LTEtMS0xNzU_2d3bb84b-6e2e-47be-95e3-c770b5bf1388">5</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Non-compete agreements</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6be9492ad4a34e17b14602bb2ea6bd42_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNC0yLTEtMS0yMDA_76c0d226-b0b5-4110-9565-4bb7d1a69550">9,500</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic67f02c72b5a411fac8dca9ac60edf4e_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNC00LTEtMS0yMDA_10ac5762-ee93-4537-a2b0-e9b527287736">5,222</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic67f02c72b5a411fac8dca9ac60edf4e_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNC02LTEtMS00MDE0_7362de9a-de5f-4ca8-bea1-73d2d592ecac">4,278</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i2e22425386cc4446bbced832bc3d93f2_D20210101-20210331" format="ixt-sec:duryear" name="us-gaap:FiniteLivedIntangibleAssetUsefulLife" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNC04LTEtMS0xNzU_000ca56d-2092-44aa-9a4d-bba83c6f992c">3</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Tradenames</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifc581827cd3642b2bef44abd153965f6_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNS0yLTEtMS0yMDA_357db376-bf7a-4a8e-bd0c-43b768f32da5">4,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7faa97de403840028c23fe06d1d0bab9_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNS00LTEtMS0yMDA_0deaeaa7-8708-48fc-9035-065fe20e512e">2,194</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7faa97de403840028c23fe06d1d0bab9_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNS02LTEtMS00MDE0_332a64ce-e4f6-4a45-bf42-b2bcffc0170e">1,806</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="if4499592e5e6420ead3026f91dbd45e0_D20210101-20210331" format="ixt-sec:duryear" name="us-gaap:FiniteLivedIntangibleAssetUsefulLife" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNS04LTEtMS0xNzU_313f976f-dc60-4967-8dff-abe2ee2ead5e">3</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Developed technology</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85a160a40f8947f0a1fe7fb32a9b3e33_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNi0yLTEtMS0yMDA_e06fda9c-3ec1-4a12-873b-4bc5a8f9b81e">1,800</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i3556188d1aae49b09449b69dad5abe77_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNi00LTEtMS0yMDA_4e4e55d8-f80f-44e9-bf6c-5e972da8cf7c">1,313</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3556188d1aae49b09449b69dad5abe77_I20210331" decimals="-3" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNi02LTEtMS00MDE0_46f2e1de-e1d2-4433-bce2-ed870b46f9a3">487</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i3aa91625ba5f4745a8a5ad599d365d9e_D20210101-20210331" format="ixt-sec:duryear" name="us-gaap:FiniteLivedIntangibleAssetUsefulLife" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNi04LTEtMS0xNzU_6290fa9b-8a3a-4663-848d-be4bfeefae09">2</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Loan administration fees on existing loan assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i013a089b9c374e1080558892a2e525b3_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNy0yLTEtMS0yMDA_fcaab827-c51c-45b6-8f42-99580dd65437">2,600</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i3ba7d88e742649cf93cf340c6bbc6376_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNy00LTEtMS0yMDA_d40e49e6-58f7-4006-afbb-1f1795841ffe">2,600</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3ba7d88e742649cf93cf340c6bbc6376_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNy02LTEtMS00MDE0_01e75e59-a603-4bf4-9513-88610647dc9c">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i3f16431e13074f498cea53277bd7cff6_D20210101-20210331" format="ixt-sec:duryear" name="us-gaap:FiniteLivedIntangibleAssetUsefulLife" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNy04LTEtMS0xNzU_0f6fc114-0a18-4eb0-8ebe-d1cba8545d8d">1</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i38b722744fc34e14aa506349c7a35ca2_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfOC0yLTEtMS00MDE2_b42814ff-00cb-4952-8c24-959ceeddd06e">81,300</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9f33e73ca17240e39e63af2fd00f76c1_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfOC00LTEtMS00MDIy_a94905ef-d649-4419-bdf6-fef676ff4f7e">28,308</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9f33e73ca17240e39e63af2fd00f76c1_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfOC02LTEtMS00MDE0_feabe59b-eb06-45ea-9c4f-83026be528c6">52,992</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="icbec59a70c6a4d80a4bd2781bd384408_D20210101-20210331" format="ixt-sec:duryear" name="us-gaap:FiniteLivedIntangibleAssetUsefulLife" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfOC04LTEtMS0xNzU_07065f98-1f85-42b0-b154-0068de30fb88">6</ix:nonNumeric></span></td></tr></table></div><div style="margin-bottom:6pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.316%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.316%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.316%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.321%"></td><td style="width:0.1%"></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Intangible Assets at Acquisition</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Accumulated Amortization at December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Carrying Value at December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Amortization Period (in years)</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Borrower network</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i745d19ad1af64fc59aea8f70c859355b_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfMi0yLTEtMS0xOTI_3eb93ed3-e481-4767-b553-9fd84a897bcb">45,300</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ia4667260abcf4098b42796adf29b3540_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfMi00LTEtMS0xOTI_043c3b81-d857-4eaf-8de3-590fe4411f6a">7,819</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4667260abcf4098b42796adf29b3540_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfMi02LTEtMS00MDE5_805b1002-d807-49f3-a9ea-ea3f2ed8d719">37,481</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i44c8252f3ba344efae9aabe1415a9a09_D20210101-20210331" format="ixt-sec:duryear" name="us-gaap:FiniteLivedIntangibleAssetUsefulLife" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfMi04LTEtMS0xOTY_603f9592-f388-4f9e-afa2-0b3c1db4605c">7</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Broker network</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib4da90a8f9dd417da10b774f7f34080b_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfMy0yLTEtMS0xOTI_ba0f49bd-cc26-46ab-94a2-b1eeb199522d">18,100</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i0f3d9c4ed5af4b63b461030e99c2f2ba_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfMy00LTEtMS0xOTI_c8857a2e-6aaf-4128-acae-5cd46ca17851">6,637</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0f3d9c4ed5af4b63b461030e99c2f2ba_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfMy02LTEtMS00MDE5_6f5de6d9-fca7-470b-b586-951c5817a3c7">11,463</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i95a51203dd2b48b9841b9f3756c3f5c3_D20210101-20210331" format="ixt-sec:duryear" name="us-gaap:FiniteLivedIntangibleAssetUsefulLife" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfMy04LTEtMS0xOTY_e814f425-8826-4bf9-961c-15896e1638b5">5</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Non-compete agreements</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6be9492ad4a34e17b14602bb2ea6bd42_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNC0yLTEtMS0xOTI_551436bc-f277-4457-9fa1-1547b855b6e3">9,500</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i1c1d3428298344aba61c74c8fd83ba2e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNC00LTEtMS0xOTI_87f964e2-d65f-430c-b2bf-7f99c3a24eab">4,431</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1c1d3428298344aba61c74c8fd83ba2e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNC02LTEtMS00MDE5_a620fdfd-9291-45c8-8cb8-7b4d122bf64f">5,069</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i2e22425386cc4446bbced832bc3d93f2_D20210101-20210331" format="ixt-sec:duryear" name="us-gaap:FiniteLivedIntangibleAssetUsefulLife" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNC04LTEtMS0xOTY_0a496a69-b48f-4f7e-aeac-a9c629fe71cc">3</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Tradenames</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifc581827cd3642b2bef44abd153965f6_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNS0yLTEtMS0xOTI_52da7f7f-e1a7-4814-a807-abda12dc4aea">4,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i96ea6c0117334864a930707ca2b94ca6_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNS00LTEtMS0xOTI_087d27ce-0cbe-4111-9c8f-ebac571eafbc">1,860</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i96ea6c0117334864a930707ca2b94ca6_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNS02LTEtMS00MDE5_6bfc1cda-9830-48f0-b8a5-7f3e8e1cf565">2,140</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="if4499592e5e6420ead3026f91dbd45e0_D20210101-20210331" format="ixt-sec:duryear" name="us-gaap:FiniteLivedIntangibleAssetUsefulLife" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNS04LTEtMS0xOTY_8edd3f8d-2843-4991-9ad4-b8ba077fd33b">3</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Developed technology</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85a160a40f8947f0a1fe7fb32a9b3e33_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNi0yLTEtMS0xOTI_4842e929-0448-4870-8a4c-05bf215d45b6">1,800</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ifb146e564a7546efb14599b295cdf7e9_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNi00LTEtMS0xOTI_5dbd8a25-406b-412a-93b0-83b657d59fca">1,088</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifb146e564a7546efb14599b295cdf7e9_I20201231" decimals="-3" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNi02LTEtMS00MDE5_3eb59cf7-b3a2-4d13-9817-7d3a444e2a4f">712</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i3aa91625ba5f4745a8a5ad599d365d9e_D20210101-20210331" format="ixt-sec:duryear" name="us-gaap:FiniteLivedIntangibleAssetUsefulLife" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNi04LTEtMS0xOTY_088a470e-dec8-4c4f-aa72-cd9833fd4969">2</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Loan administration fees on existing loan assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i013a089b9c374e1080558892a2e525b3_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNy0yLTEtMS0xOTI_93f6e73e-c803-4545-9cc1-2f042e31bb24">2,600</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ie44b05c660a747c4a5542b7e4c24deb2_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNy00LTEtMS0xOTI_0c78d640-c994-4efb-ae11-963e17156a77">2,600</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie44b05c660a747c4a5542b7e4c24deb2_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNy02LTEtMS00MDE5_1686e377-51e3-4c43-9c2e-561a0bac1587">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i3f16431e13074f498cea53277bd7cff6_D20210101-20210331" format="ixt-sec:duryear" name="us-gaap:FiniteLivedIntangibleAssetUsefulLife" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNy04LTEtMS0xOTY_0a3519d7-53be-4dbb-82b3-d6397b226236">1</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i38b722744fc34e14aa506349c7a35ca2_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfOC0yLTEtMS00MDE5_99a9c828-e171-46ca-a926-3346e3eb0510">81,300</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ie2b4fa91c3ab400484356ccaa5f8dd1f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfOC00LTEtMS00MDE5_3ebab04e-b811-41ce-9edd-a310e3ffe3c7">24,435</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie2b4fa91c3ab400484356ccaa5f8dd1f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfOC02LTEtMS00MDE5_3c055fb7-26fc-462d-adb6-c39f1cb78d60">56,865</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="icbec59a70c6a4d80a4bd2781bd384408_D20210101-20210331" format="ixt-sec:duryear" name="us-gaap:FiniteLivedIntangibleAssetUsefulLife" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfOC04LTEtMS0xOTY_ad8cb4c8-1598-4b0c-a599-7133a8dc38ab">6</ix:nonNumeric></span></td></tr></table></div></ix:continuation><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All of our intangible assets are amortized on a straight-line basis. For each of the three months ended March&#160;31, 2021 and 2020, we recorded intangible asset amortization expense of $<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="rwt:AmortizationofPurchaseRelatedIntangibleAssets" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTA5OTUxMTY0MDA3Ng_33c65c60-6d40-48a2-accc-6adca886a66d"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-6" format="ixt:numdotdecimal" name="rwt:AmortizationofPurchaseRelatedIntangibleAssets" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTA5OTUxMTY0MDA3Ng_a05273e0-8fde-4cf5-a37f-177f8e4a6f85">4</ix:nonFraction></ix:nonFraction> million<ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTEwODY_8e2bf4ec-ad16-4729-b0e1-c2d249db0387" continuedAt="i4da59d9fa76b4a9cb2ef6babde383d3c" escape="true">. Estimated future amortization expense is summarized in the table below. </ix:nonNumeric></span></div><ix:continuation id="i4da59d9fa76b4a9cb2ef6babde383d3c"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 2.2 &#8211; Intangible Asset Amortization Expense by Year</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:77.788%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.318%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2021 (9 months)</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ1N2Q2NTNjNDk0YjRlZWFhNDYxMzM5MWYwZGZiNDY5L3RhYmxlcmFuZ2U6NDU3ZDY1M2M0OTRiNGVlYWE0NjEzMzkxZjBkZmI0NjlfMy02LTEtMS0w_d602ae48-d7c0-4b16-b534-1ffc9d2b9f65">11,431</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ1N2Q2NTNjNDk0YjRlZWFhNDYxMzM5MWYwZGZiNDY5L3RhYmxlcmFuZ2U6NDU3ZDY1M2M0OTRiNGVlYWE0NjEzMzkxZjBkZmI0NjlfNC02LTEtMS0w_5fa46d23-5ac2-4575-aa55-2a293173913e">12,800</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2023</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ1N2Q2NTNjNDk0YjRlZWFhNDYxMzM5MWYwZGZiNDY5L3RhYmxlcmFuZ2U6NDU3ZDY1M2M0OTRiNGVlYWE0NjEzMzkxZjBkZmI0NjlfNS02LTEtMS0w_a3ed2eb9-84ea-4740-9e40-26e22e03012f">10,091</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ1N2Q2NTNjNDk0YjRlZWFhNDYxMzM5MWYwZGZiNDY5L3RhYmxlcmFuZ2U6NDU3ZDY1M2M0OTRiNGVlYWE0NjEzMzkxZjBkZmI0NjlfNi02LTEtMS0w_01c77e85-b3d6-4f87-a551-ab1bc07e77eb">7,073</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025 and thereafter</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ1N2Q2NTNjNDk0YjRlZWFhNDYxMzM5MWYwZGZiNDY5L3RhYmxlcmFuZ2U6NDU3ZDY1M2M0OTRiNGVlYWE0NjEzMzkxZjBkZmI0NjlfNy02LTEtMS0w_110e2af9-7d3e-4ddc-a918-01aa019daa59">11,597</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Future Intangible Asset Amortization</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FiniteLivedIntangibleAssetsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ1N2Q2NTNjNDk0YjRlZWFhNDYxMzM5MWYwZGZiNDY5L3RhYmxlcmFuZ2U6NDU3ZDY1M2M0OTRiNGVlYWE0NjEzMzkxZjBkZmI0NjlfOC02LTEtMS0w_439a4097-9ca4-4de0-8e13-0676ca2d7a33">52,992</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:continuation><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On a quarterly basis, we evaluate our finite-lived intangible assets for impairment indicators and additionally evaluate the useful lives of our intangible assets to determine if revisions to the remaining periods of amortization are warranted. We reviewed our finite-lived intangible assets and determined that the estimated lives were appropriate and that there were no indicators of impairment at March&#160;31, 2021.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A liability resulting from the contingent consideration arrangement with 5 Arches was initially recorded in 2019 at its acquisition-date fair value as part of total consideration for the acquisition of 5 Arches. During the three months ended March&#160;31, 2021, we distributed <ix:nonFraction unitRef="shares" contextRef="i50e4916114a3496b96c44a9fef064940_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="rwt:BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTA5OTUxMTY1MzEwNQ_bbc49747-0eaf-4d52-baad-d5cc7d9a854c">806,068</ix:nonFraction> shares of Redwood common stock and paid $<ix:nonFraction unitRef="usd" contextRef="i50e4916114a3496b96c44a9fef064940_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:PaymentForContingentConsiderationLiabilityFinancingActivities" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTA5OTUxMTY1MzE4MQ_352fdb74-30fb-42ed-a342-5687c4a136af">1</ix:nonFraction> million in cash in full settlement of the remaining deferred consideration associated with this acquisition.</span></div></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_40"></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 3. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:SignificantAccountingPoliciesTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RleHRyZWdpb246M2E5MmM3MDA5YTk4NGM5M2E5NDRhNjNjZTgxN2FhMWVfMTI4Mzg_11fb2ed0-2679-4e35-9211-3fed936541d5" continuedAt="i461bbcfa146a46e79e1bf03de0c34a73" escape="true">Summary of Significant Accounting Policies</ix:nonNumeric></span></div><div><span><br/></span></div><ix:continuation id="i461bbcfa146a46e79e1bf03de0c34a73" continuedAt="i5457738513924c28b02776a6bbd3ebd9"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Significant Accounting Policies</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Included in </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 3 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">to the Consolidated Financial Statements of our&#160;Annual Report on Form 10-K for the year ended March&#160;31, 2021 is a summary of our significant accounting policies. </span></div><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RleHRyZWdpb246M2E5MmM3MDA5YTk4NGM5M2E5NDRhNjNjZTgxN2FhMWVfMTI3OTY_1e95d912-72b2-4f5a-a68d-1b2c7e0c4912" continuedAt="i8c93f17730c54b2bb3c611899b529344" escape="true"><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Recent Accounting Pronouncements</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Newly Adopted Accounting Standards Updates ("ASUs")</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In October 2020, the FASB issued ASU 2020-10, "Codification Improvements." This new guidance updates various codification topics by clarifying or improving disclosure requirements. This new guidance is effective for fiscal years ending after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In October 2020, the FASB issued ASU 2020-09, "Debt (Topic 470): Amendments to SEC Paragraphs Pursuant to SEC Release No. 33-10762." This new guidance aligns certain SEC paragraphs in the codification with new SEC rules issued in March 2020 related to changes to the disclosure requirements for registered debt securities. This new guidance became effective January 4, 2021. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In October 2020, the FASB issued ASU 2020-08, "Codification Improvements to Subtopic 310-20, Receivables - Nonrefundable Fees and Other Costs." This new guidance clarifies that an entity should reevaluate whether a callable debt security is within the scope of paragraph 310-20-35-33 for each reporting period. This new guidance is effective for fiscal years ending after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In January 2020, the FASB issued ASU 2020-01, "Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)." This new guidance clarifies the interaction of the accounting for equity securities, equity method investments, and certain forward contracts and purchased options. This new guidance is effective for fiscal years beginning after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes." This new guidance simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740 and by clarifying and amending existing guidance. This new guidance is effective for fiscal years beginning after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Other Recent Accounting Pronouncements</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In August 2020, the FASB issued ASU 2020-06, "Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40)." This new guidance simplifies the accounting for convertible debt by reducing the number of accounting models to separately present certain conversion features in equity. This new guidance is effective for fiscal years beginning after December 31, 2021. Early adoption is permitted. We plan to adopt this new guidance by the required date and do not anticipate that this update will have a material impact on our consolidated financial statements.</span></div></ix:nonNumeric></ix:continuation><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 3. Summary of Significant Accounting Policies - (continued)</span></div></div><ix:continuation id="i5457738513924c28b02776a6bbd3ebd9" continuedAt="i50eefe6f95064feeaaefc48c1e540329"><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="i8c93f17730c54b2bb3c611899b529344">In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." This new guidance provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. In January 2021, the FASB issued ASU 2021-01, "Reference Rate Reform (Topic 848): Scope." This new guidance clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. This new guidance is effective for all entities as of March 12, 2020 through December 31, 2022. We are currently evaluating the impact the adoption of this standard would have on our consolidated financial statements. Through March&#160;31, 2021, we have not elected to apply the optional expedients and exceptions to any of our existing contracts, hedging relationships, or other transactions.</ix:continuation></span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:BalanceSheetNettingPolicyTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RleHRyZWdpb246M2E5MmM3MDA5YTk4NGM5M2E5NDRhNjNjZTgxN2FhMWVfMTI4MTQ_5ab5e5dc-b923-4463-ac07-17873fb2b62f" continuedAt="if34e5b97f07b40c6a41f19cac2f99ca9" escape="true">Balance Sheet Netting </ix:nonNumeric></span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="if34e5b97f07b40c6a41f19cac2f99ca9" continuedAt="i1844a14e91d64637bdd2bf1c681d25ed">Certain of our derivatives and short-term debt are subject to master netting arrangements or similar agreements. Under GAAP, in certain circumstances we may elect to present certain financial assets, liabilities and related collateral subject to master netting arrangements in a net position on our consolidated balance sheets. However, we do not report any of these financial assets or liabilities on a net basis, and instead present them on a gross basis on our consolidated balance sheets.</ix:continuation> </span></div><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:OffsettingAssetAndLiabilitiesTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RleHRyZWdpb246M2E5MmM3MDA5YTk4NGM5M2E5NDRhNjNjZTgxN2FhMWVfMTI3OTg_e064a593-2028-4703-8681-c2a3efc74588" continuedAt="ic8e79432fbb04ae2b9851e75fbf2ff8b" escape="true"><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The table below presents financial assets and liabilities that are subject to master netting arrangements or similar agreements categorized by financial instrument, together with corresponding financial instruments and corresponding collateral received or pledged at March&#160;31, 2021 and December&#160;31, 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 3.1 &#8211; Offsetting of Financial Assets, Liabilities, and Collateral</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"><tr><td style="width:1.0%"></td><td style="width:27.869%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.045%"></td><td style="width:0.1%"></td></tr><tr style="height:32pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts of Recognized Assets (Liabilities)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts Offset in Consolidated Balance Sheet</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts Not Offset in Consolidated <br/>Balance Sheet </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net Amount</span></td></tr><tr style="height:41pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">March 31, 2021 (In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Financial Instruments</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash Collateral (Received) Pledged</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Assets </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Interest rate agreements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idb9a9f2f18514ea3ad5a1a150a34b849_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMy0yLTEtMS0w_2f1536ed-3d47-497c-8068-21c6e3f5d372">87,960</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idb9a9f2f18514ea3ad5a1a150a34b849_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeAssetFairValueGrossLiability" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMy00LTEtMS0w_72311b37-cc57-4e7f-9fc1-d01695ab5d18">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idb9a9f2f18514ea3ad5a1a150a34b849_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMy02LTEtMS0w_ed54561b-23a2-4051-a887-4c0d781f4a2f">87,960</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idb9a9f2f18514ea3ad5a1a150a34b849_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeCollateralObligationToReturnSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMy04LTEtMS0w_89cdc1e0-dc13-42ee-8d74-530f19bafa40">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="idb9a9f2f18514ea3ad5a1a150a34b849_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeCollateralObligationToReturnCash" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMy0xMC0xLTEtMA_398df873-181f-44f8-8620-1d70e3c2e230">74,052</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idb9a9f2f18514ea3ad5a1a150a34b849_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMy0xMi0xLTEtMA_12cb387f-e040-44e5-93c1-236f6cb36aa9">13,908</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNS0yLTEtMS0w_47f80eb6-204a-488a-a909-dcb4fa680f58">40,800</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeAssetFairValueGrossLiability" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNS00LTEtMS0w_d3d4de44-a7ca-479c-add6-b022fe089f49">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNS02LTEtMS0w_c479b766-90ce-4eda-9a31-0a6d872b3351">40,800</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeCollateralObligationToReturnSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNS04LTEtMS0w_48c8a44b-b3af-4e18-b0d5-d55eea443f23">29,648</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeCollateralObligationToReturnCash" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNS0xMC0xLTEtMA_95da36e2-229b-4db8-89a7-83abfe4748db">8,696</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNS0xMi0xLTEtMA_733cd0f8-74ed-4f36-ad17-0a248fe91a9f">2,456</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total Assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i56dde58093f34d03877cdf10564c24c8_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNy0yLTEtMS0w_859164bb-888d-4fd7-beaa-f1157a59565b">128,760</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i56dde58093f34d03877cdf10564c24c8_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeAssetFairValueGrossLiability" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNy00LTEtMS0w_0fc3eb27-930e-44c0-9507-f4789dcf96ed">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i56dde58093f34d03877cdf10564c24c8_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNy02LTEtMS0w_3c6bfe3d-11b2-4c2c-924c-55f023158437">128,760</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i56dde58093f34d03877cdf10564c24c8_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeCollateralObligationToReturnSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNy04LTEtMS0w_bc7ef088-36c4-4e3a-a2c7-ea3a3dac9b9d">29,648</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i56dde58093f34d03877cdf10564c24c8_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeCollateralObligationToReturnCash" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNy0xMC0xLTEtMA_c57d6316-878f-459d-9a17-9a8b00d24351">82,748</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i56dde58093f34d03877cdf10564c24c8_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNy0xMi0xLTEtMA_50ff7e47-5580-4dbb-801f-1df77b6ef0ff">16,364</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Liabilities</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeLiability" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTEtMi0xLTEtMA_056afce0-daf7-4b5d-a1f0-0d4ddf91a53e">35,621</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeLiabilityFairValueGrossAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTEtNC0xLTEtMA_8ee571a6-fec4-4e6d-8e04-ae86d874c540">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTEtNi0xLTEtMA_bd023a02-3855-481d-b9cc-b4a064f0558c">35,621</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeCollateralRightToReclaimSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTEtOC0xLTEtMA_8487b0e4-ccdc-46c8-a0a0-34fa577e2408">29,648</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeCollateralRightToReclaimCash" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTEtMTAtMS0xLTA_f153576d-1530-4854-8393-f1f138ab96d5">5,973</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTEtMTItMS0xLTA_25d953a5-28da-46c1-b7d7-ccbae344752e">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Futures</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i1cce4f4aee194f33bb98a5b4843fc949_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeLiability" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTItMi0xLTEtMA_27fb5348-c071-4b8f-be94-987a4ff1a5eb">2,451</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1cce4f4aee194f33bb98a5b4843fc949_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeLiabilityFairValueGrossAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTItNC0xLTEtMA_2de9aeb4-ec0c-4c5a-a189-5e9a574fce93">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i1cce4f4aee194f33bb98a5b4843fc949_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTItNi0xLTEtMA_a873d4d5-3772-4a03-af28-fddd0efdab9c">2,451</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1cce4f4aee194f33bb98a5b4843fc949_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeCollateralRightToReclaimSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTItOC0xLTEtMA_0782c09e-7ed8-47f4-b6a3-ad749678c0c0">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1cce4f4aee194f33bb98a5b4843fc949_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeCollateralRightToReclaimCash" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTItMTAtMS0xLTA_82d7b65f-67b4-49d9-85a0-c004aa0ecb47">2,451</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1cce4f4aee194f33bb98a5b4843fc949_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTItMTItMS0xLTYxODY_b68bb16a-b439-4f2d-9c3f-c47d40353b70">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loan warehouse debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i02064474e406474ab40a7fa3f385977b_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseGross" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTMtMi0xLTEtMA_5684c0cc-a73a-4f46-bca5-25578e6115d5">839,224</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i02064474e406474ab40a7fa3f385977b_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTMtNC0xLTEtMA_87726ec2-a0b9-4f60-a021-2e0d68e3a977">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i02064474e406474ab40a7fa3f385977b_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchase" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTMtNi0xLTEtMA_1e775ac8-c84a-4465-98b2-efcc682d8027">839,224</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i02064474e406474ab40a7fa3f385977b_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTMtOC0xLTEtMA_a152c3cc-7521-4669-80a5-e5aa350866b9">839,224</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i02064474e406474ab40a7fa3f385977b_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTMtMTAtMS0xLTA_7074f5a2-4852-4218-99aa-aa25f4c0e87a">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i02064474e406474ab40a7fa3f385977b_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTMtMTItMS0xLTA_f58bd207-6967-4c0e-8246-6ba2065d8850">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Security repurchase agreements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iddb7658a90684c71bbb0745462122232_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseGross" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTQtMi0xLTEtMA_8abe5f88-8b02-4c69-bd1e-f31bacc38240">81,670</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iddb7658a90684c71bbb0745462122232_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTQtNC0xLTEtMA_f139ea52-6bb3-495a-93e9-826ab5f5aa4e">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iddb7658a90684c71bbb0745462122232_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchase" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTQtNi0xLTEtMA_2c9b8543-7c22-49de-bf6c-7cbd34cc5288">81,670</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iddb7658a90684c71bbb0745462122232_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTQtOC0xLTEtMA_5b523f6a-644f-47d3-baf3-509d4bfb42e7">81,670</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iddb7658a90684c71bbb0745462122232_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTQtMTAtMS0xLTA_4498b2b7-b310-4fb2-b6d9-5ca85400c0da">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iddb7658a90684c71bbb0745462122232_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTQtMTItMS0xLTA_df3f7325-2723-431e-9734-f2f9af82f0d4">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTUtMi0xLTEtMA_66f8419f-ea70-4ea0-b2e0-906ea0f47f06">958,966</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTUtNC0xLTEtMA_f9a40aa7-474b-4e57-8e4d-f3ac96ff5524">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTUtNi0xLTEtMA_414fbed0-d76b-47da-9abf-a81f20ad4b66">958,966</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTUtOC0xLTEtMA_89386536-3600-4da2-afcb-0f0618d96d5e">950,542</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTUtMTAtMS0xLTA_2cf703fb-6317-494d-acf1-38b3559cf7fd">8,424</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTUtMTItMS0xLTA_4db305a1-064c-4fc3-ac62-a2cc08c1385f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 3. Summary of Significant Accounting Policies - (continued)</span></div></div><div style="text-align:center"><span><br/></span></div><ix:continuation id="i50eefe6f95064feeaaefc48c1e540329" continuedAt="i69cddd13706d45709ee1e7eb1fd19790"><ix:continuation id="ic8e79432fbb04ae2b9851e75fbf2ff8b" continuedAt="if69f6fbb7a04401081b12398f86a6dab"><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"><tr><td style="width:1.0%"></td><td style="width:27.869%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.045%"></td><td style="width:0.1%"></td></tr><tr style="height:32pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts of Recognized Assets (Liabilities)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts Offset in Consolidated Balance Sheet</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts Not Offset in Consolidated <br/>Balance Sheet </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net Amount</span></td></tr><tr style="height:41pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2020 (In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Financial Instruments</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash Collateral (Received) Pledged</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Assets </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Interest rate agreements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7bf3261f9d434a09a50313a1b163668d_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMy0yLTEtMS0w_522f0d3a-d4b2-4755-8b42-050a72352877">19,951</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7bf3261f9d434a09a50313a1b163668d_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeAssetFairValueGrossLiability" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMy00LTEtMS0w_0fd9920e-db7b-4878-b06b-7871cf553f0b">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7bf3261f9d434a09a50313a1b163668d_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMy02LTEtMS0w_cbb95742-7cd2-4285-981f-524ba70f0490">19,951</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7bf3261f9d434a09a50313a1b163668d_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeCollateralObligationToReturnSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMy04LTEtMS0w_da102be9-d4dc-4a02-9c04-625c74826b21">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7bf3261f9d434a09a50313a1b163668d_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeCollateralObligationToReturnCash" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMy0xMC0xLTEtMA_7da33460-6b98-450b-b47a-ea21d203e27b">7,769</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7bf3261f9d434a09a50313a1b163668d_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMy0xMi0xLTEtMA_80e4ac76-de8c-476d-abad-6c25407bcb5e">12,182</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNS0yLTEtMS0w_90083bef-d06e-4498-b9c0-7352205dcfeb">18,260</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeAssetFairValueGrossLiability" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNS00LTEtMS0w_b3efc215-0d58-410f-a8b6-3951dbb0fba7">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNS02LTEtMS0w_4d139a90-6b7a-4bf0-900a-19a2253a3d50">18,260</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeCollateralObligationToReturnSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNS04LTEtMS0w_8fbdfda3-c5ea-441b-9b0a-40c84250dbd3">13,423</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeCollateralObligationToReturnCash" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNS0xMC0xLTEtMA_7eb8045f-da0e-4f61-9b43-ceba9a9f7400">4,658</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231" decimals="-3" name="us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNS0xMi0xLTEtMA_a92990d4-004d-4ab9-9060-413b76d14149">179</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total Assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifa23d6be2a594c4a822412ba59b8717b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNy0yLTEtMS0w_b70da396-a767-4c30-82b9-c4997cd33d8f">38,211</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifa23d6be2a594c4a822412ba59b8717b_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeAssetFairValueGrossLiability" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNy00LTEtMS0w_36df7d9b-f48d-4f65-9265-ae684d35fdc4">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifa23d6be2a594c4a822412ba59b8717b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNy02LTEtMS0w_55ccdd77-34e2-4d60-88ad-1228a1ee3120">38,211</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ifa23d6be2a594c4a822412ba59b8717b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeCollateralObligationToReturnSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNy04LTEtMS0w_97b07057-48a2-4f76-afd3-f149f4d26928">13,423</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ifa23d6be2a594c4a822412ba59b8717b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeCollateralObligationToReturnCash" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNy0xMC0xLTEtMA_13ec9ccd-1555-45d0-8646-4241c44ac631">12,427</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifa23d6be2a594c4a822412ba59b8717b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNy0xMi0xLTEtMA_e24faa46-e00b-41c3-9fc2-a9733a125d12">12,361</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Liabilities</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeLiability" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTEtMi0xLTEtMA_d343d11e-8539-45dd-8731-6beaab992866">15,495</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeLiabilityFairValueGrossAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTEtNC0xLTEtMA_3c686446-f4be-40d5-9525-f041b97b8177">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTEtNi0xLTEtMA_035f1a90-435f-4d81-811c-97fb1d7f2b3c">15,495</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeCollateralRightToReclaimSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTEtOC0xLTEtMA_f9b4bac9-0dd5-4f69-9acc-bef621f2e463">13,423</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeCollateralRightToReclaimCash" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTEtMTAtMS0xLTA_db918812-ad90-44e7-bd63-e6deec1ecefe">1,061</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTEtMTItMS0xLTA_b3263869-c88a-4d61-80a8-10d893d45c99">1,011</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loan warehouse debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if216ffe9ec284c65acb92b304aee8fdf_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseGross" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTMtMi0xLTEtMA_78158a9b-ed3a-49b1-bd2c-10ec9ed6db27">137,269</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if216ffe9ec284c65acb92b304aee8fdf_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTMtNC0xLTEtMA_21990707-c268-46a7-b2d4-8f063f36d3ec">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if216ffe9ec284c65acb92b304aee8fdf_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchase" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTMtNi0xLTEtMA_d525b6e3-c07f-43f8-b32c-1ced35ba2335">137,269</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if216ffe9ec284c65acb92b304aee8fdf_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTMtOC0xLTEtMA_c46290bc-189b-46da-ae95-5aca56dbf877">137,269</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if216ffe9ec284c65acb92b304aee8fdf_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTMtMTAtMS0xLTA_7d8a4c39-171c-42e9-b1e2-b14408826d35">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if216ffe9ec284c65acb92b304aee8fdf_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTMtMTItMS0xLTA_17a991a0-554b-4620-952f-a64882badbb8">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Security repurchase agreements</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i81a872d048e94b1e88c3f040a30d6dbb_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseGross" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTQtMi0xLTEtMA_9ac0ecb5-3095-4ae2-bdc4-8803091de5d2">77,775</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i81a872d048e94b1e88c3f040a30d6dbb_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTQtNC0xLTEtMA_43e56c18-15c3-467e-8a80-d6d6621e7bae">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i81a872d048e94b1e88c3f040a30d6dbb_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchase" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTQtNi0xLTEtMA_74499f62-1db7-4567-a690-3801975f42ed">77,775</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i81a872d048e94b1e88c3f040a30d6dbb_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTQtOC0xLTEtMA_a37299fa-ccbe-4da8-b3b0-063af9fad717">77,775</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i81a872d048e94b1e88c3f040a30d6dbb_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTQtMTAtMS0xLTA_38d8875f-73d1-4dd6-a56e-a4c87b70deff">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i81a872d048e94b1e88c3f040a30d6dbb_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTQtMTItMS0xLTA_de708e52-3750-4173-9bbc-ec3ee2f936e4">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTUtMi0xLTEtMA_75a7aeb0-6d7d-4f41-ae84-dc32785ccfdd">230,539</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTUtNC0xLTEtMA_45c3cd87-0d61-41e2-ba4f-3b3846161dc6">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTUtNi0xLTEtMA_749991f3-cf5c-4cdd-8505-10bbc95d52b0">230,539</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTUtOC0xLTEtMA_fedd8b40-3e57-406c-a916-be00ee7a418c">228,467</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTUtMTAtMS0xLTA_f33d7c7e-ecd9-4d03-8aaf-f1eeb1edae7f">1,061</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTUtMTItMS0xLTA_558483f6-f792-44d5-832a-301dddfc6fd4">1,011</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Amounts presented in these columns are limited in total to the net amount of assets or liabilities presented in the prior column by instrument. In certain cases, there is excess cash collateral or financial assets we have pledged to a counterparty (which may, in certain circumstances, be a clearinghouse) that exceed the financial liabilities subject to a master netting arrangement or similar agreement. Additionally, in certain cases, counterparties may have pledged excess cash collateral to us that exceeds our corresponding financial assets. In each case, any of these excess amounts are excluded from the table although they are separately reported in our consolidated balance sheets as assets or liabilities, respectively.</span></div></ix:continuation><div style="margin-top:8pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"><ix:continuation id="if69f6fbb7a04401081b12398f86a6dab" continuedAt="i5655a794e9a04684ba94e7819e9d100b">(2)</ix:continuation></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"><ix:continuation id="i5655a794e9a04684ba94e7819e9d100b">Interest rate agreements and TBAs are components of derivatives instruments on our consolidated balance sheets. Loan warehouse debt, which is secured by certain residential and business purpose loans, and security repurchase agreements are components of Short-term debt and Long-term debt on our consolidated balance sheets.</ix:continuation> </span></div></ix:continuation><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="i69cddd13706d45709ee1e7eb1fd19790"><ix:continuation id="i1844a14e91d64637bdd2bf1c681d25ed">For each category of financial instrument set forth in the table above, the assets and liabilities resulting from individual transactions within that category between us and a counterparty are subject to a master netting arrangement or similar agreement with that counterparty that provides for individual transactions to be aggregated and treated as a single transaction. For certain categories of these instruments, some of our transactions are cleared and settled through one or more clearinghouses that are substituted as our counterparty. References herein to master netting arrangements or similar agreements include the arrangements and agreements governing the clearing and settlement of these transactions through the clearinghouses. In the event of the termination and close-out of any of those transactions, the corresponding master netting agreement or similar agreement provides for settlement on a net basis. Any such settlement would include the proceeds of the liquidation of any corresponding collateral, subject to certain limitations on termination, settlement, and liquidation of collateral that may apply in the event of the bankruptcy or insolvency of a party. Such limitations should not inhibit the eventual practical realization of the principal benefits of those transactions or the corresponding master netting arrangement or similar agreement and any corresponding collateral.</ix:continuation></ix:continuation> </span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_43"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 4. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:VariableInterestEntityDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTEyMzk_a478e5cc-f4a0-41bc-960f-06988604a2da" continuedAt="i32733f6245a84a86813ebe72dc6bbadd" escape="true">Principles of Consolidation</ix:nonNumeric></span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="i32733f6245a84a86813ebe72dc6bbadd" continuedAt="idb87d4c869ef45478ce9c8932b750283">GAAP requires us to consider whether securitizations we sponsor and other transfers of financial assets should be treated as sales or financings, as well as whether any VIEs that we hold variable interests in &#8211; for example, certain legal entities often used in securitization and other structured finance transactions &#8211; should be included in our consolidated financial statements. The GAAP principles we apply require us to reassess our requirement to consolidate VIEs each quarter and therefore our determination may change based upon new facts and circumstances pertaining to each VIE. This could result in a material impact to our consolidated financial statements during subsequent reporting periods. </ix:continuation></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">13</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 4. Principles of Consolidation - (continued)</span></div></div><ix:continuation id="idb87d4c869ef45478ce9c8932b750283" continuedAt="i8d96f5c36e8b44aea9ce2e724c5d279a"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Analysis of Consolidated VIEs </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, we consolidated Legacy Sequoia, Sequoia Choice, CAFL, Freddie Mac SLST, and Freddie Mac K-Series securitization entities that we determined were VIEs and for which we determined we were the primary beneficiary. Each of these entities is independent of Redwood and of each other and the assets and liabilities of these entities are not owned by and are not legal obligations of ours. Our exposure to these entities is primarily through the financial interests we have retained, although for the consolidated Sequoia and CAFL entities we are exposed to certain financial risks associated with our role as a sponsor, servicing administrator, or depositor of these entities or as a result of our having sold assets directly or indirectly to these entities. At March&#160;31, 2021, the estimated fair value of our investments in the consolidated Legacy Sequoia, Sequoia Choice, CAFL, Freddie Mac SLST, and Freddie Mac K-Series entities was $<ix:nonFraction unitRef="usd" contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:AssetsNet" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTA5OTUxMTYzOTA4Mw_1b417b39-72f1-44aa-a65a-ca01ff563eb7">4</ix:nonFraction> million, $<ix:nonFraction unitRef="usd" contextRef="i5278443e66b646be9e11882383fa9c16_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:AssetsNet" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTA5OTUxMTYzOTA4OA_8bec75b9-233d-4861-bc8e-03e524d1d5eb">224</ix:nonFraction> million, $<ix:nonFraction unitRef="usd" contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:AssetsNet" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTA5OTUxMTY0MDEyNQ_1663323c-edbc-41b4-b3a5-565212672368">264</ix:nonFraction> million, $<ix:nonFraction unitRef="usd" contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:AssetsNet" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTA5OTUxMTYzOTA5Mw_9f7946c5-11fc-45a7-8511-0f895c0e2e4a">433</ix:nonFraction> million, and $<ix:nonFraction unitRef="usd" contextRef="i341045d59c19407aadb534cb456f075c_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:AssetsNet" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTA5OTUxMTYzOTA5OA_00bb7cf2-bbb2-4abf-849c-8bd039e0c008">29</ix:nonFraction> million, respectively. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Beginning in 2018, we consolidated <ix:nonFraction unitRef="partnership" contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331" decimals="INF" format="ixt-sec:numwordsen" name="rwt:NumberOfPartnershipsConsolidated" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMjM3MQ_b0428535-5343-402f-8341-81df4b283014">two</ix:nonFraction> Servicing Investment entities formed to invest in servicing-related assets that we determined were VIEs and for which we determined we were the primary beneficiary. At March&#160;31, 2021, we held an <ix:nonFraction unitRef="number" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="2" name="us-gaap:VariableInterestEntityOwnershipPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMjU1Nw_e3741e45-be4b-4709-90e2-2058637b999b">80</ix:nonFraction>% ownership interest in, and were responsible for the management of, each entity. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 10</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for a further description of these entities and the investments they hold and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 12</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional information on the minority partner&#8217;s interest. Additionally, beginning in 2018, we consolidated an entity that was formed to finance servicer advances that we determined was a VIE and for which we, through our control of one of the aforementioned partnerships, were  the primary beneficiary. The servicer advance financing consists of non-recourse short-term securitization debt, secured by servicer advances. We consolidate the securitization entity, but the securitization entity is independent of Redwood and the assets and liabilities are not owned by and are not legal obligations of Redwood. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 13</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional information on the servicer advance financing. At March&#160;31, 2021, the estimated fair value of our investment in the Servicing Investment entities was $<ix:nonFraction unitRef="usd" contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMzUxNw_976f2626-7590-4b1a-b7ce-1e4fb4014aac">65</ix:nonFraction> million. </span></div><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfVariableInterestEntitiesTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTEyNDQ_8e910221-20ed-4176-a095-56ad598d7e02" continuedAt="i16fd6a5a18464bf0ad7f9d67bb72b879" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents a summary of the assets and liabilities of these VIEs. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.1 &#8211; Assets and Liabilities of Consolidated VIEs Accounted for as Collateralized Financing Entities</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:24.038%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.904%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Legacy <br/>Sequoia </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Sequoia <br/>Choice </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac<br/>K-Series</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Servicing Investment</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total<br/>Consolidated<br/>VIEs</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Residential loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idf62b52b3a1948f5b1f66314e643d587_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMi0yLTEtMS0w_24b23fcc-a97d-4d4c-8c01-3e1d077a0356">274,861</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iff1deb0b20cc4f58ba985aaa8a60f199_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMi00LTEtMS0w_64abe293-c209-471c-89f1-ec11f03c5e83">1,276,112</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i412db763f5eb46e29e5f9c6a4559b497_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMi02LTEtMS0zNTk3_da5a6698-3907-4655-a9a2-f5dd898e60dc">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i389f60b4202d4eb2866fa048c40fb0b6_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMi02LTEtMS0w_522f22c4-36d9-4cda-9ba6-5aa3e833c2b9">2,154,351</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3831063da2664c3d97ba09aaa89a6789_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMi04LTEtMS0w_11a19938-235d-463c-b01b-0a91c792b0f8">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0ee9318104d94cf59bf7f95dc6132ec3_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMi0xMi0xLTEtMA_6022a051-888d-4dff-993f-5f2237d8eedd">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5a6f5d59dbad425db2d181de0559e82b_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMi0xNC0xLTEtMA_5360268b-bb15-4aff-af69-79d7617c75fc">3,705,324</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Business purpose loans, held-for-investment</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85ba1e7f76a244ee95a78b257cd9c6f1_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMy0yLTEtMS0w_f8927dec-0411-4596-a591-5a3c05079d9f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i48f9f554840e4530a3c47b5524ea0aba_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMy00LTEtMS0w_1086af2a-2d32-42b3-833c-42fb5bee9c00">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic77659ad23654bd7bfc1d89490b6081f_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMy02LTEtMS0zNTk3_71072935-9a6d-4d74-ab94-6d0053fd5540">3,212,526</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic6718c39bb644e1585fca8c524112743_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMy02LTEtMS0w_a48cd7c9-0d27-46cc-be48-fb4e8337fcad">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5075f4359465454aaa0e43262c0d4d1f_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMy04LTEtMS0w_3fbd6868-477f-48ec-b34a-820de49914e8">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5b139d7053d34d258bcda59855d863a3_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMy0xMi0xLTEtMA_427fbc1e-80a2-4c51-a771-2267e60b7c9e">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i519b3d6d097446979d1278e5262eb534_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMy0xNC0xLTEtMA_5a181fbf-231c-47a1-85e8-524e19050334">3,212,526</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Multifamily loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2d2db82dc2b04a269251dd635ab016e6_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNC0yLTEtMS0w_9c20a994-b0f4-42d9-8717-5a02fb48e9c7">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7087071b3a51463a9d571ac1f70ffe8b_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNC00LTEtMS0w_62582550-359d-4688-b094-6cd485ba069f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3cec5e692e614a43a2405bf2588c0a1a_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNC02LTEtMS0zNTk3_cabe13f9-aeba-4322-bfce-2a8436dc0627">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3fd3161eb2fc4ae4b63a07175a04aa51_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNC02LTEtMS0w_856e65e4-8003-402f-ae56-8180519080a0">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i398743a426304464a9554b17663914b6_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNC04LTEtMS0w_8d200b34-aa14-4b10-880e-275ed56370a9">489,545</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i543937dc57f944c8af8c59922d0dc1ac_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNC0xMi0xLTEtMA_28af582e-6b7b-43ce-8a79-1df62378c0c9">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i577df421faaa41619ad47485adb5de41_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNC0xNC0xLTEtMA_01cc97ae-a807-460e-b4a4-6444ccb24d24">489,545</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNi0yLTEtMS0w_5d117376-c7fe-48d4-8275-1df7ad2eaf05">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5278443e66b646be9e11882383fa9c16_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNi00LTEtMS0w_c5d74a88-a97f-414a-b8a2-9282bff6f05e">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNi02LTEtMS0zNTk3_edf0eaea-be10-4dad-9723-d2502f558a8d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNi02LTEtMS0w_6bd8ee2f-78df-4a64-ac23-dc85827e39d2">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i341045d59c19407aadb534cb456f075c_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNi04LTEtMS0w_6dc0cb37-0cff-4692-8bfb-1b5af4535e55">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNi0xMi0xLTEtMA_f7d0ce3d-6e5b-4064-ba0c-90917c008fb3">225,723</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNi0xNC0xLTEtMA_629823c9-2ebd-4392-949d-f18595b997c3">225,723</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Cash and cash equivalents</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNy0yLTEtMS0w_47248aef-c759-4360-aab3-b68780a456a8">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5278443e66b646be9e11882383fa9c16_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNy00LTEtMS0w_3bf94b04-e53d-4835-ac07-cb336a02da2c">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNy02LTEtMS0zNTk3_f9c5eed3-81e6-449f-987a-2b36b4beca0c">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNy02LTEtMS0w_5ca09625-86f2-4658-bda1-c4d702795b6a">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i341045d59c19407aadb534cb456f075c_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNy04LTEtMS0w_4249e66f-90ba-43ff-ba69-fa9fd5c2c03e">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNy0xMi0xLTEtMA_ede417bf-f513-411b-a5a6-11cc041c8794">10,698</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNy0xNC0xLTEtMA_97e3a6e0-1aa0-44f3-a3f6-f0e4b1e6d5bb">10,698</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Restricted cash</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331" decimals="-3" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOC0yLTEtMS0w_3afa563a-e478-4d9c-857d-af267afed28d">148</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5278443e66b646be9e11882383fa9c16_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOC00LTEtMS0w_558c6739-1e65-4487-810a-42064918b0c8">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOC02LTEtMS0zNTk3_d46c01eb-23f9-4107-97a0-ed9353706ba1">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOC02LTEtMS0w_0b7501aa-c74f-4422-8da9-d331a56cc699">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i341045d59c19407aadb534cb456f075c_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOC04LTEtMS0w_c7f7a4bd-1f8d-438f-9a71-e0abd6d3aa77">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOC0xMi0xLTEtMA_85f6f32c-917c-402e-9db4-af5dffd42b19">29,518</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOC0xNC0xLTEtMA_ddc001c4-9063-4c84-b75e-974c4f1c4d80">29,666</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued interest receivable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331" decimals="-3" name="us-gaap:InterestReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOS0yLTEtMS0w_0e479441-0950-49ad-8f48-242bae9a82ba">277</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5278443e66b646be9e11882383fa9c16_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOS00LTEtMS0w_7a226621-7840-4acf-ab4e-6984213002d1">5,904</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOS02LTEtMS0zNTk3_26c56e6e-6748-4d8c-814e-9a53c53d6aa0">13,528</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOS02LTEtMS0w_d2a36c45-709d-443e-9f85-4d1264b18f06">6,560</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i341045d59c19407aadb534cb456f075c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOS04LTEtMS0w_566af027-adac-456a-8029-a9a974c683cc">1,338</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOS0xMi0xLTEtMA_74909f58-9f1f-41ec-ade1-50c33c1134e4">2,191</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOS0xNC0xLTEtMA_c8a93d55-edf5-4272-b3da-77d814cc2d7e">29,798</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331" decimals="-3" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTAtMi0xLTEtMA_da3dcfdc-94cf-4ae4-8747-221a540fe078">597</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5278443e66b646be9e11882383fa9c16_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTAtNC0xLTEtMA_1ba349d3-f186-4558-b2e8-adedf1ffbb58">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTAtNi0xLTEtMzU5Nw_f031a541-7ef3-468f-9bec-c0942ada8580">12,341</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTAtNi0xLTEtMA_779dbd94-f2ec-4371-b6b0-ea823c3b58a8">1,860</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i341045d59c19407aadb534cb456f075c_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTAtOC0xLTEtMA_034e2b00-61ea-462c-8391-32e758fa11c5">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTAtMTItMS0xLTA_8b0f89e4-e8f5-4c3a-9f42-ac474d4eda24">6,125</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTAtMTQtMS0xLTA_2ed374cd-d7bd-4e7e-91f6-0e1a585735e9">20,923</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTEtMi0xLTEtMA_720ec5a4-2b58-4d35-b35f-b295e3713dcf">275,883</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5278443e66b646be9e11882383fa9c16_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTEtNC0xLTEtMA_a2826b48-0b8e-4ece-bb7b-5bfe902cf392">1,282,016</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTEtNi0xLTEtMzU5Nw_674ef6bd-21d8-44be-ad4b-f02cb4dc837b">3,238,395</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTEtNi0xLTEtMA_c60d9a2c-ead4-498b-87bf-17d8e17eaadf">2,162,771</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i341045d59c19407aadb534cb456f075c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTEtOC0xLTEtMA_f9b1d3d0-6537-478f-8103-6267ad3e9b70">490,883</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTEtMTItMS0xLTA_99773d23-388b-4d7f-8cca-7edca54e66b1">274,255</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTEtMTQtMS0xLTA_7df30edc-6fff-4f35-96d8-7ad0a694dda3">7,724,203</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Short-term debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTItMi0xLTEtMA_2ed8f6f2-0449-47ca-914c-510d7d6af0b5">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5278443e66b646be9e11882383fa9c16_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTItNC0xLTEtMA_2d9aeb41-1563-4abe-8d86-4840b5fb835a">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTItNi0xLTEtMzU5Nw_8e784b26-95a9-465c-bded-c1c5ddb517e9">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTItNi0xLTEtMA_48f06cad-d9da-4a66-9abe-f0352fa73a9a">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i341045d59c19407aadb534cb456f075c_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTItOC0xLTEtMA_7aa20a1a-9ec5-4222-88e3-41bfca7ed0b8">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTItMTItMS0xLTA_9d6d80eb-37b6-4a2c-8fc2-678e8813ea42">192,072</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTItMTQtMS0xLTA_da1ca56c-ffe1-4471-975f-cedae4a0bbc3">192,072</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued interest payable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331" decimals="-3" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTMtMi0xLTEtMA_2299ae26-ee3a-4afe-b307-2c07220e0333">129</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5278443e66b646be9e11882383fa9c16_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTMtNC0xLTEtMA_56af39f4-20eb-4dd2-9e9f-1eb0c8f70aea">3,658</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTMtNi0xLTEtMzU5Nw_77f92417-dd0f-4a94-9fb0-d85c63f97e8f">10,412</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTMtNi0xLTEtMA_3597b67e-3fe2-465b-85b0-16c7dedeaf01">4,669</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i341045d59c19407aadb534cb456f075c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTMtOC0xLTEtMA_0625ffd9-cd7b-4689-aecf-3d45799d6d8e">1,208</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331" decimals="-3" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTMtMTItMS0xLTA_c658a492-b6ab-4aa2-8578-3e5c8c08576b">114</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTMtMTQtMS0xLTA_eaee3e76-9815-4f2e-8093-104c08c74a4e">20,190</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued expenses and other liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTQtMi0xLTEtMA_234abb44-c20c-41ac-a637-78102ad778bc">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5278443e66b646be9e11882383fa9c16_I20210331" decimals="-3" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTQtNC0xLTEtMA_1e961302-e6b5-4856-ada6-6ff9ea400ed6">28</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTQtNi0xLTEtMzU5Nw_d93e9593-4c64-4a09-8bb8-14e638606516">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTQtNi0xLTEtMA_fe723c85-6cf4-46cf-9d6b-d06aaa0ca5eb">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i341045d59c19407aadb534cb456f075c_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTQtOC0xLTEtMA_1d5c7ebc-af7f-4655-93db-bf33b1f6b822">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTQtMTItMS0xLTA_68541880-330a-402d-89ef-08bbbe7ca2eb">17,181</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTQtMTQtMS0xLTA_4e08cfaa-2811-486e-95bd-dd8440b6855f">17,209</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Asset-backed securities issued</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTUtMi0xLTEtMA_ce3a92f9-0c89-4c95-88dd-127997481dd1">271,915</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5278443e66b646be9e11882383fa9c16_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTUtNC0xLTEtMA_6b181425-52d3-4e81-bb3a-835f245abcfd">1,054,005</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTUtNi0xLTEtMzU5Nw_5d597dde-cf80-4d17-8000-b718c18df573">2,963,752</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTUtNi0xLTEtMA_ee98d031-6746-41c6-a9cb-9c236303cec7">1,725,235</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i341045d59c19407aadb534cb456f075c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTUtOC0xLTEtMA_f20c3963-2227-46bc-87f9-f589d7dac036">460,565</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:SecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTUtMTItMS0xLTA_9774ea39-d38e-443d-af39-1349d9930e96">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTUtMTQtMS0xLTA_25e2196a-4453-4062-a447-dea41a166ff1">6,475,472</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTYtMi0xLTEtMA_b73d7a33-5765-4030-b102-124011ab5469">272,044</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5278443e66b646be9e11882383fa9c16_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTYtNC0xLTEtMA_5007d34f-06b2-4f2d-8f62-9413d7846843">1,057,691</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTYtNi0xLTEtMzU5Nw_efedab59-d745-401c-a2bc-5b0a067219e0">2,974,164</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTYtNi0xLTEtMA_6a9c88e4-7379-414a-ac8a-29f795e64230">1,729,904</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i341045d59c19407aadb534cb456f075c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTYtOC0xLTEtMA_ecf74950-82c4-4d27-866c-10609cb035f5">461,773</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTYtMTItMS0xLTA_6d69e766-a43b-4e1d-8982-df4f6dbe385a">209,367</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTYtMTQtMS0xLTA_ae523eb9-e097-4307-a6c8-5d41550c5b6f">6,704,943</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Number of VIEs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="investment" contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331" decimals="INF" name="rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTgtMi0xLTEtMA_84d9b192-09e5-4d4c-897d-5441709820d9">20</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="investment" contextRef="i5278443e66b646be9e11882383fa9c16_I20210331" decimals="INF" name="rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTgtNC0xLTEtMA_ee9e8945-0d9d-4f25-8ee4-dc621f2c7209">10</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="investment" contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331" decimals="INF" name="rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTgtNi0xLTEtMzU5Nw_2442874c-b48c-4a92-be5b-559951539588">14</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="investment" contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331" decimals="INF" name="rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTgtNi0xLTEtMA_a9764844-199e-442e-b2c5-716bbaacc8f9">2</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="investment" contextRef="i341045d59c19407aadb534cb456f075c_I20210331" decimals="INF" name="rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTgtOC0xLTEtMA_c1df00b8-5188-4412-ae96-a3834470af85">1</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="investment" contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331" decimals="INF" name="rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTgtMTItMS0xLTA_ab12df74-a34c-428d-8a0b-e98e2cc38ce7">3</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="investment" contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331" decimals="INF" name="rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTgtMTQtMS0xLTA_130effd3-c42b-42f3-810f-918661113665">50</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 4. Principles of Consolidation - (continued)</span></div></div><ix:continuation id="i8d96f5c36e8b44aea9ce2e724c5d279a" continuedAt="ib28f1f6e64b9424aacf83ac79d8b27f9"><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><ix:continuation id="i16fd6a5a18464bf0ad7f9d67bb72b879" continuedAt="ia2bec1ad0e7749ea80a17ab0cc4a7868"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:24.177%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.904%"></td><td style="width:0.1%"></td></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Legacy <br/>Sequoia </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Sequoia <br/>Choice </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac<br/>K-Series</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Servicing Investment</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total<br/>Consolidated<br/>VIEs</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Residential loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if846a16cc0024a669cafaa572eefbb1b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMi0yLTEtMS0w_1f71e7df-bd58-4a37-bcfa-025596bc412d">285,935</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i19aa43f32fa841238674c58742b1b028_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMi00LTEtMS0w_31510620-d198-404a-958f-d2dc89314fa6">1,565,322</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifd126d798d8e4f0887a063570970bffe_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMi02LTEtMS0zNjE3_6e6922fd-a28d-47e6-b700-c2cc6811e303">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9ea63c33388549f5b9d5a83e9edb8f26_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMi02LTEtMS0w_697a47d7-25f3-4c1b-87cd-e5a6ff322480">2,221,153</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id1738edc3f614249877c41fced72a588_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMi04LTEtMS0w_ee5339b1-0f16-41cf-b780-e32da74cd4aa">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idd19f15c82d949b79f228f9fcaf43f34_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMi0xMi0xLTEtMA_5f11d941-ff15-4730-bf5c-9fddf197fc99">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib60b6b49557e4633b3267553dc84e83d_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMi0xNC0xLTEtMA_aea0e7dc-a76f-4794-a9b7-2e134aae549e">4,072,410</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Business purpose loans, held-for-investment</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i88ed7a7e1ca24c3c8e4f55526fd930d0_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMy0yLTEtMS0w_2cc61f64-c533-4b26-97c5-b0a78ca78505">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iba22c7a231e7423790bb8c7caba5c988_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMy00LTEtMS0w_a1a9a4b0-c122-4f89-918a-e657078fbcb1">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i09067fb31d064aa985c23388a5796562_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMy02LTEtMS0zNjE3_4ecdf700-2a06-45d3-b23f-afbef65058f3">3,249,194</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9420f155972c40f68668387c7884b562_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMy02LTEtMS0w_09d417f8-3010-4bcf-bbcf-a24a6b0c834a">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i149eb0ea3f0540b0be8df0c5d42c2275_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMy04LTEtMS0w_ac413c56-4cf6-4fef-b417-23c96a37e63f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0d6b56b3e6d54d0dacc71c45711d352a_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMy0xMi0xLTEtMA_b107bc93-eb69-4e7b-a6a1-55f1327af109">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibc44c47450aa42b5b61bfb52005c5dd3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMy0xNC0xLTEtMA_9db29ed4-cc12-4070-bea0-e9055dc9773e">3,249,194</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Multifamily loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6772e1892cf4bf08a90be0f0d897536_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNC0yLTEtMS0w_f2799611-6aa6-4c81-913a-775a28ae27b8">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iac450ac47ed54b23981b8336b3b560d9_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNC00LTEtMS0w_befac6bd-3943-457b-bb82-67d89c0432a7">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i17f8a9287bd64405a58b2472e170d42e_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNC02LTEtMS0zNjE3_1d2484b4-8f43-45d3-8043-e4177bf8caa4">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id0608a0432294800a2ca10485d6564da_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNC02LTEtMS0w_78020c8f-8d81-498c-9c59-4dc61713dfd9">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6d20c30de45f439d8782da31b4814d0a_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNC04LTEtMS0w_95f9d853-f858-4b7e-959f-da2069e16d0e">492,221</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6a9a7595d1b4a7c89793c602bf21389_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNC0xMi0xLTEtMA_5b7bb323-d32a-40dd-964c-80222ef17ce1">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i395aebd259c2410ba147fa2dbfeb2e28_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNC0xNC0xLTEtMA_0329c02b-d354-4c93-8bed-0c70ee4ffd84">492,221</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNi0yLTEtMS0w_272f0d55-d208-48aa-b835-fde7ac1f66de">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNi00LTEtMS0w_f22966e9-ee0d-4b67-a6c7-ed6a03b11f7d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNi02LTEtMS0zNjE3_5b018940-5ae2-4201-844c-cc9809735663">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNi02LTEtMS0w_7a3cf879-9347-49ae-97c1-73238db49124">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNi04LTEtMS0w_5640fcf4-a6ea-4d53-9366-6f3b7c526311">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNi0xMi0xLTEtMA_1bc31e76-083c-4941-bb22-26b62e61e664">251,773</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNi0xNC0xLTEtMA_a8ab639e-0890-476d-a82f-2c790e0e78ba">251,773</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Cash and cash equivalents</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNy0yLTEtMS0w_119bd066-61f2-465f-ae47-af8b22d40c40">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNy00LTEtMS0w_5b28225d-4722-4752-8498-73fe340491a2">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNy02LTEtMS0zNjE3_20ec5c60-26d7-43ff-8933-5dec8229447d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNy02LTEtMS0w_f794e4ac-d940-4336-a91d-9638e8cd8e38">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNy04LTEtMS0w_a096a0ff-3c2c-40cb-8026-6f4dfe726adc">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNy0xMi0xLTEtMA_9a253cec-8e20-4954-8769-bb9bef90aaf9">11,579</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNy0xNC0xLTEtMA_56ffb243-18f6-4059-8057-fb0514baf70f">11,579</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Restricted cash</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231" decimals="-3" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOC0yLTEtMS0w_5472df9c-5199-449b-af03-ca2f21da6144">148</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOC00LTEtMS0w_473d5012-7f67-4ea5-a1a6-d8970781319a">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOC02LTEtMS0zNjE3_43d346d2-2204-438a-aff3-c2805b2eefb0">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOC02LTEtMS0w_69efd6dd-8df5-4708-afc8-0669643ab5f8">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOC04LTEtMS0w_c840c606-7cd8-447c-8ef2-287cafada115">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOC0xMi0xLTEtMA_c36b370b-39f1-4bf5-857e-6d0ed9615b37">23,220</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RestrictedCashAndCashEquivalents" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOC0xNC0xLTEtMA_64a4d9cb-3164-4e9a-be7e-b2a305b3a554">23,368</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued interest receivable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231" decimals="-3" name="us-gaap:InterestReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOS0yLTEtMS0w_803d2a42-a94b-48e8-87d4-9149a629a396">305</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOS00LTEtMS0w_dd672df3-6060-459b-8589-c3a9617f4147">6,802</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOS02LTEtMS0zNjE3_6aa8b7ac-a671-4be0-9d8a-dbcdd82ca504">13,055</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOS02LTEtMS0w_4f56f72a-5743-4c49-840b-c9cf572d14a8">6,754</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOS04LTEtMS0w_43879ba7-2154-439e-9f1b-76ba08cf59c3">1,337</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOS0xMi0xLTEtMA_280dcf42-8b35-49da-97a1-fd594683259b">2,334</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOS0xNC0xLTEtMA_de6067fd-a445-405b-b7b1-a6f3283e70b2">30,587</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231" decimals="-3" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTAtMi0xLTEtMA_db3a1799-35b0-4123-9862-35dbdd56cfed">638</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTAtNC0xLTEtMA_dd36f2cc-b66d-4bc3-a9bc-bade27375b89">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTAtNi0xLTEtMzYxNw_a528dd38-c0d6-4f42-91d2-3290f5089a6f">2,930</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231" decimals="-3" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTAtNi0xLTEtMA_c2d8bb75-cef8-40ad-87b6-e1033b40c0d6">646</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTAtOC0xLTEtMA_94cb1447-678f-4a65-aca9-da12451ae6c4">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTAtMTItMS0xLTA_0d77fb2e-29e7-4c08-b3ef-2344e66d5534">5,723</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTAtMTQtMS0xLTA_a1273903-c3d0-45ed-9a9c-d89b50607e54">9,937</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTEtMi0xLTEtMA_a7f0d2cf-d222-4006-98cc-a30f691fa093">287,026</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTEtNC0xLTEtMA_50859fcf-e810-4885-a142-bc4c2224f215">1,572,124</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTEtNi0xLTEtMzYxNw_e7808384-19d7-4ebb-b2fb-5de166ded40f">3,265,179</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTEtNi0xLTEtMA_c369b59e-8bdc-4e0d-9800-4a277ba10540">2,228,553</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTEtOC0xLTEtMA_1df5f527-c9a1-49f9-aecc-e7d7230c570e">493,558</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTEtMTItMS0xLTA_f3965592-2e9f-4f0b-9699-d51314eca449">294,629</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTEtMTQtMS0xLTA_4c73bd57-4dc6-4b8e-8eac-59553b9c0e31">8,141,069</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Short-term debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTItMi0xLTEtMA_09328585-1014-4ead-be71-bcef1fdef6c5">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTItNC0xLTEtMA_49be830a-b2c8-4660-9ec0-9675d0a877dd">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTItNi0xLTEtMzYxNw_42036805-9729-4480-9b5e-b88228b7ebeb">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTItNi0xLTEtMA_5b4d3c24-dfa7-498f-9f7a-4faf170a1cbc">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTItOC0xLTEtMA_db71bfa7-1042-44a2-8431-a08aa4fc78a6">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTItMTItMS0xLTA_9681ca72-d699-4ee3-995c-f950a8986f2a">208,375</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTItMTQtMS0xLTA_94b7923e-21c6-4ba7-9f41-435b5de4c220">208,375</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued interest payable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231" decimals="-3" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTMtMi0xLTEtMA_b2d3c8ee-554c-4714-a734-e18458ee4075">141</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTMtNC0xLTEtMA_35f29b37-a05b-4fa2-b2aa-d277b6be31b3">4,697</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTMtNi0xLTEtMzYxNw_b1dd3223-bc2b-4871-bc65-d407c52ae603">10,278</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTMtNi0xLTEtMA_eaf63efe-3898-4408-8362-fdc6c652237b">4,846</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTMtOC0xLTEtMA_0abca737-dbbe-4f6c-addb-dd6d66aa79c3">1,177</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231" decimals="-3" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTMtMTItMS0xLTA_0cbe3ad7-b8e4-46e6-90b1-bbb8face6be0">135</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTMtMTQtMS0xLTA_bd5d8f6c-e480-4a1e-954d-f49849b6fa8c">21,274</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued expenses and other liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTQtMi0xLTEtMA_a959c437-2183-4867-a524-9c78361260fc">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231" decimals="-3" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTQtNC0xLTEtMA_125fa6fc-d3fc-48b1-91f3-b85f18cc98c9">50</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTQtNi0xLTEtMzYxNw_09471919-1eae-4553-8034-812f3cd1d8f5">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTQtNi0xLTEtMA_13c5a2c5-94da-4ad9-a834-7520816e46d3">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTQtOC0xLTEtMA_a7843567-acac-4755-9490-c6d6467881fa">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTQtMTItMS0xLTA_bb946864-09a5-43c6-ab9a-ee023e61f7fa">18,353</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTQtMTQtMS0xLTA_f4ea54b9-fa27-4c3c-a668-3a0a893b0c1e">18,403</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Asset-backed securities issued</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTUtMi0xLTEtMA_817ddb74-8321-4412-8213-8c2b08e9f5b5">282,326</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTUtNC0xLTEtMA_1889e436-2bc1-46be-8ea3-a48d56335146">1,347,357</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTUtNi0xLTEtMzYxNw_9b7c55dd-c68c-4287-bb8d-822fc8cb4895">3,013,093</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTUtNi0xLTEtMA_0f471e44-b7e4-4fab-ae73-238c6926e00c">1,793,620</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTUtOC0xLTEtMA_38fe383a-17b7-4991-b532-f5f92143ede0">463,966</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:SecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTUtMTItMS0xLTA_f7d39a0b-7c57-44d7-9b8d-8d6720f49254">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SecuredDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTUtMTQtMS0xLTA_110ed843-d76f-4789-af1a-17efc6b6d4e1">6,900,362</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTYtMi0xLTEtMA_41addb03-77a1-4721-84fa-0bfb49f95423">282,467</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTYtNC0xLTEtMA_0776e987-dcf7-4de6-8afb-317e1c08b24d">1,352,104</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTYtNi0xLTEtMzYxNw_01f072f7-27f2-43d6-9b9c-94fb27592516">3,023,371</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTYtNi0xLTEtMA_b323f3b2-44c5-4965-b17d-683170ee210d">1,798,466</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTYtOC0xLTEtMA_08d80fe1-92ae-425b-b49f-7f58a4a59d02">465,143</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTYtMTItMS0xLTA_96cf56b9-1507-40c3-9fa6-4745ca7aa4bc">226,863</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Liabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTYtMTQtMS0xLTA_270df753-8972-4c6a-aa4d-5b8e51705509">7,148,414</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Number of VIEs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="investment" contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231" decimals="INF" name="rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTgtMi0xLTEtMA_fb8f642e-3ac6-47c0-a435-76dfa63e2550">20</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="investment" contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231" decimals="INF" name="rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTgtNC0xLTEtMA_8dfe14d5-3257-4e25-bffe-848225ec08a5">10</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="investment" contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231" decimals="INF" name="rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTgtNi0xLTEtMzYxNw_c1fa14bc-65c5-4d01-afdc-7e9657bc4691">14</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="investment" contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231" decimals="INF" name="rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTgtNi0xLTEtMA_e39ebac5-b490-4e06-be26-be73345ba639">2</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="investment" contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231" decimals="INF" name="rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTgtOC0xLTEtMA_37e0263b-e327-4576-85f1-39a60debf089">1</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="investment" contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231" decimals="INF" name="rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTgtMTItMS0xLTA_d8204e77-fd5c-4629-adb7-7fda10fb64ab">3</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="investment" contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231" decimals="INF" name="rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTgtMTQtMS0xLTA_87d3fcef-3fe4-4c37-837d-8db5b8617f21">50</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></ix:continuation></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><ix:continuation id="ia2bec1ad0e7749ea80a17ab0cc4a7868" continuedAt="i2fcffce9b00b40ec91084baea93c5bc1"><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents income (loss) from these VIEs for the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.2 &#8211; Income (Loss) from Consolidated VIEs Accounted for as Collateralized Financing Entities</span></div><div style="margin-bottom:5pt;margin-top:11pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"><tr><td style="width:1.0%"></td><td style="width:23.830%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.936%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="39" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Legacy <br/>Sequoia </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Sequoia <br/>Choice </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac<br/>K-Series</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Servicing Investment</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total<br/>Consolidated<br/>VIEs</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMy0yLTEtMS0w_c4164bb7-5bda-4657-9e60-a97424c4cc5c">1,348</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMy00LTEtMS0w_387f1a0d-27ce-494c-954f-b7396749b97e">15,483</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMy02LTEtMS0w_69de7a32-2585-4d1a-993f-acaad0449ccf">20,159</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMy04LTEtMS0w_3f44f2b4-9f43-469a-aab7-b60876407e85">4,786</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMy0xMC0xLTEtMA_256e42df-300d-4902-8e9b-a8666d07f35b">48,873</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMy0xMi0xLTEtMA_0c7dd957-da77-46c0-82c4-24235990a7e9">4,222</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMy0xNC0xLTEtMA_417e5e84-64be-442f-aae3-132f4a0d6a53">94,871</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331" decimals="-3" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNC0yLTEtMS0w_82b49fdd-8002-48d9-bfb8-42a7219219fc">875</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNC00LTEtMS0w_0adedd2b-a6f2-430b-af0a-f556abcbbece">12,106</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNC02LTEtMS0w_6917187c-81ed-47ef-8f6d-2bbac25afb17">14,468</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNC04LTEtMS0w_f378f7b9-512b-4b04-a0d5-6d53053cb8f7">4,356</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNC0xMC0xLTEtMA_28f3e1bc-058c-4f0a-a02e-f84070f183cb">39,011</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNC0xMi0xLTEtMA_37e7616e-e9ae-4211-b806-df5f3f0df4d8">1,286</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNC0xNC0xLTEtMA_a3fc60c4-e98d-4cd4-8106-6b5c192a7576">72,102</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net interest income </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331" decimals="-3" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNS0yLTEtMS0w_ae5db510-de97-4c80-9faa-4ab8d06f6014">473</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNS00LTEtMS0w_657343f0-4e2a-4757-bfd6-6b3656ab9c1b">3,377</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNS02LTEtMS0w_c2b6431b-3ec5-4885-b2ed-44ff5d8e7448">5,691</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331" decimals="-3" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNS04LTEtMS0w_49de7e0e-3a2c-4a2b-8c21-258ff1eb0ecd">430</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNS0xMC0xLTEtMA_0500094b-8e34-4a50-a08d-921554d097de">9,862</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNS0xMi0xLTEtMA_faeee1a9-bdb3-435f-8625-bb2f3fa60b18">2,936</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNS0xNC0xLTEtMA_d4f530f4-9e8c-48c2-ae91-380a6e56c962">22,769</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfOC0yLTEtMS0w_76f782c5-1519-4a69-84ae-e2d9687fb1be">699</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfOC00LTEtMS0w_a92616aa-adf3-4051-b2e5-fe7aee6923a9">4,898</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfOC02LTEtMS0w_83c62969-5038-4240-b1c9-b6f204a834aa">4,117</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfOC04LTEtMS0w_576798b7-8b1c-43cc-8e0f-fd71c8cdeb12">8,921</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfOC0xMC0xLTEtMA_89b64ed2-14c3-4152-bc93-4c797c0c399c">286</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfOC0xMi0xLTEtMA_e8b82bad-d3b1-4bd4-acd0-5e7bf9f00d48">1,246</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfOC0xNC0xLTEtMA_fa516d41-8563-46ea-9962-5fc10a77da89">15,705</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total non-interest income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTEtMi0xLTEtMA_5c458ed3-82cf-42ed-ab64-e01726192e53">699</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTEtNC0xLTEtMA_ec8c8325-e289-4f7e-8191-6c500a176960">4,898</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTEtNi0xLTEtMA_d8c66e82-2e52-4bda-8a30-cffecc80960b">4,117</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTEtOC0xLTEtMA_d1cbbce0-39ad-4cc1-ad94-67f625d2e480">8,921</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTEtMTAtMS0xLTA_a5b2cb81-b493-4668-a249-9a398f7f9127">286</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTEtMTItMS0xLTA_a9107c2f-088a-4c11-b3e0-480e61d8934c">1,246</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTEtMTQtMS0xLTA_f8e723b3-abc9-49ae-b69e-ada26ade5c98">15,705</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">General and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTItMi0xLTEtMA_dac80a4b-f3b1-487d-adf9-cd17810e7013">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTItNC0xLTEtMA_e6f115f2-1e8d-4616-8a72-1040c3d13458">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTItNi0xLTEtMA_7b3afe2f-609a-460a-9222-4c851ec6db4b">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTItOC0xLTEtMA_000d2cae-1ce2-4d3e-ae39-7f495ef377db">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTItMTAtMS0xLTA_0384e117-3e2a-46c8-a94b-afc6314e3f3b">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331" decimals="-3" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTItMTItMS0xLTA_16baaf93-b579-4a63-a035-78edf09a6cd4">38</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331" decimals="-3" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTItMTQtMS0xLTA_95258ec6-874d-4927-b2bc-66bbe2174a79">38</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherNonrecurringIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTMtMi0xLTEtMA_aceb58e7-df9d-47e7-aa63-430dd10d4ae2">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherNonrecurringIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTMtNC0xLTEtMA_a16acf81-32d7-48b7-b2d5-88468a7d460d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherNonrecurringIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTMtNi0xLTEtMA_c14b73d8-10be-453e-af2e-57aec18c4416">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherNonrecurringIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTMtOC0xLTEtMA_69ebba70-cf18-4b6f-8c55-a9a874126230">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherNonrecurringIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTMtMTAtMS0xLTA_865f4a9b-6011-49c3-8bad-f9401723ee64">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:OtherNonrecurringIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTMtMTItMS0xLTA_8cf3097b-a96c-417d-b36c-d01c70244955">330</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:OtherNonrecurringIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTMtMTQtMS0xLTA_f37699d4-0639-4e4f-bf74-823aa5e3ff1e">330</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Income from Consolidated VIEs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTUtMi0xLTEtMA_6172f0ee-614d-460a-bc7d-6f78af6382f9">226</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTUtNC0xLTEtMA_92838373-1294-4244-88ce-19418befa1f5">8,275</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTUtNi0xLTEtMA_f0d707bd-54c5-4960-82a0-89c87233ab3a">9,808</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTUtOC0xLTEtMA_ab5dd88b-afdb-4f99-a6bf-d47ad11abe19">9,351</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTUtMTAtMS0xLTA_fbe48be8-b4bf-483c-b2ad-2f3324b3e0a2">9,576</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTUtMTItMS0xLTA_502fb3e3-f0f4-4019-87b4-3af3f72d1df1">1,322</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTUtMTQtMS0xLTA_94a87d7d-71c1-4a49-a655-7695d9841ec3">38,106</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:continuation></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">15</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 4. Principles of Consolidation - (continued)</span></div></div><ix:continuation id="ib28f1f6e64b9424aacf83ac79d8b27f9" continuedAt="i30190144e5df4cfeb4fc5e71aa54cc20"><div style="margin-bottom:5pt;margin-top:11pt;text-align:justify"><ix:continuation id="i2fcffce9b00b40ec91084baea93c5bc1"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"><tr><td style="width:1.0%"></td><td style="width:23.830%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.936%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="39" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Legacy <br/>Sequoia </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Sequoia <br/>Choice </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac<br/>K-Series</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Servicing Investment</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total<br/>Consolidated<br/>VIEs</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMy0yLTEtMS0w_48d1424d-ba7d-4f66-870b-db115b181333">3,194</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i892cc407bc954925a5362c194b4806f8_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMy00LTEtMS0w_d6aa34f2-4413-4da4-bdb4-7e7f76f4ba2a">25,083</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMy02LTEtMS0w_23829b70-351c-4c36-b4b3-1d9609eda3c9">21,986</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMy04LTEtMS0w_75f1bfc2-12b8-449f-bba7-5db50abc69de">40,172</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMy0xMC0xLTEtMA_2e53b6ae-911d-4a52-a474-4020fb0f22d3">30,010</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8582a0a154504adc965646d250f8da24_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMy0xMi0xLTEtMA_ccefcee3-46fb-407e-98be-6bf05d806b5c">4,083</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMy0xNC0xLTEtMA_a2dea1f3-aa94-4a8b-a09e-43c418a42b9b">124,528</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNC0yLTEtMS0w_46d2c45f-e8fe-4bdd-9e00-f2fecc7e3605">2,522</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i892cc407bc954925a5362c194b4806f8_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNC00LTEtMS0w_90b90723-a03e-45d4-83dc-dd12b79c34ce">21,510</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNC02LTEtMS0w_05df62ce-d0e7-4d2f-8595-2210b754de2a">16,176</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNC04LTEtMS0w_8bd3829d-d42a-40d5-a0e4-c63c2b1d01a7">38,348</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNC0xMC0xLTEtMA_76f1def3-884c-4e48-81ca-d69a659c40a5">21,939</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8582a0a154504adc965646d250f8da24_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNC0xMi0xLTEtMA_ceb3e93a-c1d3-4f51-9524-0ad67a7a44f2">1,577</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNC0xNC0xLTEtMA_3bf6ee7f-2021-4c74-ad5d-b7893e98c708">102,072</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net interest income </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331" decimals="-3" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNS0yLTEtMS0w_cdf813f1-9131-4061-bceb-8cb6da177ec2">672</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i892cc407bc954925a5362c194b4806f8_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNS00LTEtMS0w_4bc0782e-824b-4c1e-aa35-dccd5eb59eaa">3,573</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNS02LTEtMS0w_c3ea5d04-dc8e-4e2d-93ba-4887d360cea7">5,810</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNS04LTEtMS0w_2ea294a1-8ad1-4a90-b50e-00cd8fa43275">1,824</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNS0xMC0xLTEtMA_9555d23c-6d79-419c-9d3c-968d5b04da8f">8,071</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8582a0a154504adc965646d250f8da24_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNS0xMi0xLTEtMA_e04f1126-322a-4218-b227-db0ece24c2ad">2,506</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNS0xNC0xLTEtMA_50e35bee-e15f-4404-b46f-c96cbbef3c37">22,456</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331" decimals="-3" sign="-" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfOC0yLTEtMS0w_c50a98f8-e3a6-451b-809c-859c5bf35739">391</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i892cc407bc954925a5362c194b4806f8_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfOC00LTEtMS0w_a49a066a-97d2-420b-a8d6-aaabab494765">69,668</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfOC02LTEtMS0w_aee9712d-1e9a-42be-a188-6b35422d63cb">142,161</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfOC04LTEtMS0w_f070bf02-4afe-4b83-a342-a6600b77bfb4">86,509</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfOC0xMC0xLTEtMA_45474416-7d63-40da-a4e3-3e6b0a7acf10">67,846</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8582a0a154504adc965646d250f8da24_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfOC0xMi0xLTEtMA_b5c79c76-c16a-45b6-bf03-4fd892b22f6f">11,884</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfOC0xNC0xLTEtMA_27ab25ef-f1f8-4b57-b85b-d9bf85ab19a5">378,459</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total non-interest income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331" decimals="-3" sign="-" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTEtMi0xLTEtMA_1fdb3974-da8a-4fc5-9dad-99b84037467d">391</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i892cc407bc954925a5362c194b4806f8_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTEtNC0xLTEtMA_3f4dca31-5067-4efa-8fa7-d9d6e4494309">69,668</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTEtNi0xLTEtMA_ac13ccf4-463e-4b38-b893-28213e0315b3">142,161</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTEtOC0xLTEtMA_8ffec5bf-657a-4786-ac62-08589a7bd2d1">86,509</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTEtMTAtMS0xLTA_89079b3e-2403-4215-9918-f3e9b9c3bc14">67,846</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8582a0a154504adc965646d250f8da24_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTEtMTItMS0xLTA_691b9946-a827-4efb-94ac-f9d017e7c8d3">11,884</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTEtMTQtMS0xLTA_784bd51e-3d2f-4ce1-85b8-e686be6681e8">378,459</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">General and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTItMi0xLTEtMA_152ec529-3d50-46f2-845d-c9e5bba43f94">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i892cc407bc954925a5362c194b4806f8_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTItNC0xLTEtMA_33693c54-7668-4e8f-ba7f-c2801784ab01">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTItNi0xLTEtMA_470ac742-16e4-4d00-86b9-065a306f3ef1">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTItOC0xLTEtMA_1175fe8e-7f94-48f4-912f-19230355ebbc">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTItMTAtMS0xLTA_f2173458-f5a1-465b-9f99-fbc86da7980c">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8582a0a154504adc965646d250f8da24_D20200101-20200331" decimals="-3" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTItMTItMS0xLTA_2790f0c7-c578-4e39-b684-e87e16cc35e0">31</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331" decimals="-3" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTItMTQtMS0xLTA_434d91f3-a2cb-4fab-8087-556657e255da">31</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherNonrecurringIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTMtMi0xLTEtMA_8b732edb-81d9-48dc-b327-d3096d8e6c30">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i892cc407bc954925a5362c194b4806f8_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherNonrecurringIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTMtNC0xLTEtMA_f53b0f70-694e-42fa-bb04-253e52691dd5">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherNonrecurringIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTMtNi0xLTEtMA_d39dcfa6-605c-4bc2-b86d-6ba85bc82bcb">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherNonrecurringIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTMtOC0xLTEtMA_4817e31b-e68b-415c-a44a-2d747772b057">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherNonrecurringIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTMtMTAtMS0xLTA_8df8563b-96fa-4326-ad19-043480fad169">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8582a0a154504adc965646d250f8da24_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherNonrecurringIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTMtMTItMS0xLTA_b190263e-337d-4f79-8534-7564852e08c9">1,882</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherNonrecurringIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTMtMTQtMS0xLTA_d24ec27e-3cbb-4b5e-88db-404b8a2bfef9">1,882</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Income from Consolidated VIEs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331" decimals="-3" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTUtMi0xLTEtMA_2061d823-ecc2-469e-93e5-40469b95cb44">281</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i892cc407bc954925a5362c194b4806f8_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTUtNC0xLTEtMA_a307a334-41f0-4fbd-aa31-61c3266f4ddf">66,095</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTUtNi0xLTEtMA_77472c94-0961-41da-9797-65dca5453aca">136,351</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTUtOC0xLTEtMA_9d768ca9-efa5-4230-8a1c-84e8287892d8">84,685</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTUtMTAtMS0xLTA_614c61d5-9a43-4fcf-9759-178fe4cf658f">59,775</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8582a0a154504adc965646d250f8da24_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTUtMTItMS0xLTA_919ebe11-0164-4743-8b41-3bd36b2ea83f">7,527</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTUtMTQtMS0xLTA_31bae345-ed6e-46d6-bb53-3e9725efe9d8">354,152</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></ix:continuation></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We consolidate the assets and liabilities of certain Sequoia and CAFL securitization entities, as we did not meet the GAAP sale criteria at the time we transferred financial assets to these entities. Our involvement in consolidated Sequoia and CAFL entities continues in the following ways: (i)&#160;we continue to hold subordinate investments in each entity, and for certain entities, more senior investments; (ii)&#160;we maintain certain discretionary rights associated with our sponsorship of, or our subordinate investments in, each entity; and (iii)&#160;we continue to hold a right to call the assets of certain entities (once they have been paid down below a specified threshold) at a price equal to, or in excess of, the current outstanding principal amount of the entity&#8217;s asset-backed securities issued. These factors have resulted in our continuing to consolidate the assets and liabilities of these Sequoia and CAFL entities in accordance with GAAP. </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We consolidate the assets and liabilities of certain Freddie Mac K-Series and SLST securitization trusts resulting from our investment in subordinate securities issued by these trusts, and in the case of certain CAFL securitizations, resulting from securities acquired through our acquisition of CoreVest. Additionally, we consolidate the assets and liabilities of Servicing Investment entities from our investment in servicer advance investments and excess MSRs. In each case, we maintain certain discretionary rights associated with the ownership of these investments that we determined reflected a controlling financial interest, as we have both the power to direct the activities that most significantly impact the economic performance of the VIEs and the right to receive benefits of and the obligation to absorb losses from the VIEs that could potentially be significant to the VIEs. </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the third quarter of 2020, we re-securitized subordinate securities we owned in our consolidated Freddie Mac SLST securitization trusts, through the transfer of these financial assets to a re-securitization trust that we sponsored. We retain a subordinate investment in the re-securitization trust and maintain certain discretionary rights associated with the ownership of this investment that we determined reflected a controlling financial interest in the entity, as we have both the power to direct the activities that most significantly impact the performance of the VIE and the right to receive benefits of and the obligation to absorb losses from the VIE that could potentially be significant to the VIE. At securitization, we issued $<ix:nonFraction unitRef="usd" contextRef="i99a3de7c850f43348d1db9912c6cdeaf_I20200930" decimals="-6" format="ixt:numdotdecimal" name="rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfNjUxOA_12325675-88a9-4838-9557-2ac693ba0a8d">210</ix:nonFraction>&#160;million of ABS and have elected to account for the ABS issued at amortized cost.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Analysis of Unconsolidated VIEs with Continuing Involvement</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Since 2012, we have transferred residential loans to <ix:nonFraction unitRef="entity" contextRef="ia5f4f97edfb941b4969cb161d8a250ca_I20210331" decimals="INF" name="rwt:NumberOfSecuritizationEntitiesToWhichAssetTransferred" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfNjcwNw_0b29ee4b-9cc4-4261-b391-1db085074219">54</ix:nonFraction> Sequoia securitization entities sponsored by us that are still outstanding as of March&#160;31, 2021, and accounted for these transfers as sales for financial reporting purposes, in accordance with ASC 860. We also determined we were not the primary beneficiary of these VIEs as we lacked the power to direct the activities that will have the most significant economic impact on the entities. For certain of these transfers to securitization entities, for the transferred loans where we held the servicing rights prior to the transfer and continued to hold the servicing rights following the transfer, we recorded mortgage servicing rights ("MSRs") on our consolidated balance sheets, and classified those MSRs as Level 3 assets. We also retained senior and subordinate securities in these securitizations that we classified as Level 3 assets. Our continuing involvement in these securitizations is limited to customary servicing obligations associated with retaining servicing rights (which we retain a third-party sub-servicer to perform) and the receipt of interest income associated with the securities we retained. </span></div></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">16</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 4. Principles of Consolidation - (continued)</span></div></div><ix:continuation id="i30190144e5df4cfeb4fc5e71aa54cc20" continuedAt="i395909943d164bbcb83be93ccfe95498"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March 31, 2021, we called one of our unconsolidated Sequoia entities, and purchased $<ix:nonFraction unitRef="usd" contextRef="i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="rwt:UnpaidPrincipalBalanceOfSecuritizationPurchased" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMjE5OTAyMzI3MDQ3MQ_323e2af0-3d4d-4bf9-b718-a10eb43aeb7c">19</ix:nonFraction>&#160;million (unpaid principal balance) of loans from the securitization trust. In association with this call, we realized a $<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:GainLossOnSecuritizationOfFinancialAssets" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMjE5OTAyMzI3MDQ4NA_36d41065-6f8a-42e6-9a30-c490e85702a1">2</ix:nonFraction>&#160;million gain on the securities we owned from this called securitization, which was recognized through Realized gains, net on our consolidated statements of income. At March 31, 2021, we held $<ix:nonFraction unitRef="usd" contextRef="ia5f4f97edfb941b4969cb161d8a250ca_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:LoansHeldForSaleFairValueDisclosure" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMjE5OTAyMzI3MDQ5Ng_629061e0-e665-4e00-9521-9198c13e8eec">19</ix:nonFraction>&#160;million of loans for sale at fair value that were acquired following this call. </span></div><div><span><br/></span></div><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTEyMjY_78ea9230-c724-4400-8240-17ca68be2c6e" escape="true"><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents information related to securitization transactions that occurred during the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.3 &#8211; Securitization Activity Related to Unconsolidated VIEs Sponsored by Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:67.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.761%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.763%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans transferred</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:PrincipalAmountOfLoansSecuritizedDuringPeriod" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmFkOTBlNjA2YzNmNzQyNjk5ODA1ZWRmZThhYTVjYmFlL3RhYmxlcmFuZ2U6YWQ5MGU2MDZjM2Y3NDI2OTk4MDVlZGZlOGFhNWNiYWVfMi0yLTEtMS0w_83237c7e-f57e-4785-acb4-ac8fb4a591e7">875,879</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie5ab53c43f654a03b6b0209dfa99f634_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:PrincipalAmountOfLoansSecuritizedDuringPeriod" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmFkOTBlNjA2YzNmNzQyNjk5ODA1ZWRmZThhYTVjYmFlL3RhYmxlcmFuZ2U6YWQ5MGU2MDZjM2Y3NDI2OTk4MDVlZGZlOGFhNWNiYWVfMi00LTEtMS0w_f376ced7-1231-4bd3-bdd8-68a55db7f144">1,573,703</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading securities retained, at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i81eec5e507dd48beab738bf026d3310b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:SecuritiesRetainedAtFairValueDuringPeriod" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmFkOTBlNjA2YzNmNzQyNjk5ODA1ZWRmZThhYTVjYmFlL3RhYmxlcmFuZ2U6YWQ5MGU2MDZjM2Y3NDI2OTk4MDVlZGZlOGFhNWNiYWVfMy0yLTEtMS0w_66aa12ec-913d-4c05-a16e-337d33a031e3">6,549</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i324b610d787347de83776f941bf1b0d4_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:SecuritiesRetainedAtFairValueDuringPeriod" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmFkOTBlNjA2YzNmNzQyNjk5ODA1ZWRmZThhYTVjYmFlL3RhYmxlcmFuZ2U6YWQ5MGU2MDZjM2Y3NDI2OTk4MDVlZGZlOGFhNWNiYWVfMy00LTEtMS0w_757fe81c-5dd0-45f6-a0fb-675c5b097e84">43,362</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">AFS securities retained, at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i35b63c103d874150a852872b9f080f5b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:SecuritiesRetainedAtFairValueDuringPeriod" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmFkOTBlNjA2YzNmNzQyNjk5ODA1ZWRmZThhYTVjYmFlL3RhYmxlcmFuZ2U6YWQ5MGU2MDZjM2Y3NDI2OTk4MDVlZGZlOGFhNWNiYWVfNC0yLTEtMS0w_ac0f8303-7e8d-41bd-a67c-8f7433963770">1,078</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8e3c7e81e5e843e9b7a28ac9eb5e1b65_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:SecuritiesRetainedAtFairValueDuringPeriod" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmFkOTBlNjA2YzNmNzQyNjk5ODA1ZWRmZThhYTVjYmFlL3RhYmxlcmFuZ2U6YWQ5MGU2MDZjM2Y3NDI2OTk4MDVlZGZlOGFhNWNiYWVfNC00LTEtMS0w_7fbe297b-e3b1-46bc-b852-044b9be9d208">3,198</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div></ix:nonNumeric><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTEyMzM_ebafb613-a44d-461f-97a0-9970d8f1faa9" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the cash flows during the three months ended March&#160;31, 2021 and 2020 between us and the unconsolidated VIEs sponsored by us and accounted for as sales since 2012.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.4 &#8211; Cash Flows Related to Unconsolidated VIEs Sponsored by Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:67.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.761%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.763%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Proceeds from new transfers</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjE2ZjliNTYwMDdlYjQ4NWVhZTEwMjFmNmYzMjEwMTc5L3RhYmxlcmFuZ2U6MTZmOWI1NjAwN2ViNDg1ZWFlMTAyMWY2ZjMyMTAxNzlfMi0yLTEtMS0w_ebd17610-8865-4ba9-a81d-5e1addbfa286">904,390</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie5ab53c43f654a03b6b0209dfa99f634_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjE2ZjliNTYwMDdlYjQ4NWVhZTEwMjFmNmYzMjEwMTc5L3RhYmxlcmFuZ2U6MTZmOWI1NjAwN2ViNDg1ZWFlMTAyMWY2ZjMyMTAxNzlfMi00LTEtMS0w_d3279d2a-1d9e-46b6-a395-1481c85d030f">1,610,761</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSR fees received</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashFlowsBetweenTransfereeAndTransferorServicingFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjE2ZjliNTYwMDdlYjQ4NWVhZTEwMjFmNmYzMjEwMTc5L3RhYmxlcmFuZ2U6MTZmOWI1NjAwN2ViNDg1ZWFlMTAyMWY2ZjMyMTAxNzlfMy0yLTEtMS0w_20c3ac2a-0d11-4fb5-86f0-4261ba034e9c">1,607</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie5ab53c43f654a03b6b0209dfa99f634_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashFlowsBetweenTransfereeAndTransferorServicingFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjE2ZjliNTYwMDdlYjQ4NWVhZTEwMjFmNmYzMjEwMTc5L3RhYmxlcmFuZ2U6MTZmOWI1NjAwN2ViNDg1ZWFlMTAyMWY2ZjMyMTAxNzlfMy00LTEtMS0w_0bacc610-481b-4d56-b2c2-4591c8d78f2e">2,690</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Funding of compensating interest, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331" decimals="-3" name="us-gaap:CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjE2ZjliNTYwMDdlYjQ4NWVhZTEwMjFmNmYzMjEwMTc5L3RhYmxlcmFuZ2U6MTZmOWI1NjAwN2ViNDg1ZWFlMTAyMWY2ZjMyMTAxNzlfNC0yLTEtMS0w_ab962d39-541f-402c-b987-686c0017d69a">100</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ie5ab53c43f654a03b6b0209dfa99f634_D20200101-20200331" decimals="-3" name="us-gaap:CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjE2ZjliNTYwMDdlYjQ4NWVhZTEwMjFmNmYzMjEwMTc5L3RhYmxlcmFuZ2U6MTZmOWI1NjAwN2ViNDg1ZWFlMTAyMWY2ZjMyMTAxNzlfNC00LTEtMS0w_c907e9d9-209a-46d0-a6ae-f314d5bc8102">92</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash flows received on retained securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashFlowsBetweenTransferorAndTransfereeBeneficialInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjE2ZjliNTYwMDdlYjQ4NWVhZTEwMjFmNmYzMjEwMTc5L3RhYmxlcmFuZ2U6MTZmOWI1NjAwN2ViNDg1ZWFlMTAyMWY2ZjMyMTAxNzlfNS0yLTEtMS0w_7871fa70-5796-4bc5-88c4-1a1d06b35e1e">8,629</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie5ab53c43f654a03b6b0209dfa99f634_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashFlowsBetweenTransferorAndTransfereeBeneficialInterest" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjE2ZjliNTYwMDdlYjQ4NWVhZTEwMjFmNmYzMjEwMTc5L3RhYmxlcmFuZ2U6MTZmOWI1NjAwN2ViNDg1ZWFlMTAyMWY2ZjMyMTAxNzlfNS00LTEtMS0w_5cff7463-34d1-4de1-9675-a7a772bb40d6">6,581</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div></ix:nonNumeric><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTEyNTk_18ce5153-8eeb-4581-aa7b-698522e37696" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the key weighted-average assumptions used to value securities retained at the date of securitization for securitizations completed during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.5 &#8211; Assumptions Related to Assets Retained from Unconsolidated VIEs Sponsored by Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:29.358%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:15.589%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.589%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:15.589%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.595%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">At Date of Securitization</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Senior IO Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate Securities</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Senior IO Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate Securities</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prepayment rates</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="id549d917daee4ad691fd062262f8e9a0_D20210101-20210331" decimals="2" name="us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfMi00LTEtMS0w_c44c1175-0d3d-4366-b178-1a953496471a">12</ix:nonFraction> %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ia43f35dc40644c5f89702816427ee2b7_D20210101-20210331" decimals="2" name="us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfMi02LTEtMS0w_cd4787e3-31ce-4914-8e89-acef5b4ea84b">12</ix:nonFraction> %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="iac48efe18d8c437580093df830c91303_D20200101-20200331" decimals="2" name="us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfMi0xMC0xLTEtMA_fad279c2-b55f-4177-aba6-64e64906c3f3">41</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i5dace06988d64f0babe357ab71250d7b_D20200101-20200331" decimals="2" name="us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfMi0xMi0xLTEtMA_4e953157-62eb-40ec-8e52-99c20798b269">13</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Discount rates</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="id549d917daee4ad691fd062262f8e9a0_D20210101-20210331" decimals="2" name="us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfMy00LTEtMS0w_f615549d-f3b0-4a4d-a83f-c02125f76369">15</ix:nonFraction> %</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ia43f35dc40644c5f89702816427ee2b7_D20210101-20210331" decimals="2" name="us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfMy02LTEtMS0w_a7ee1ae5-1ce6-49b2-a697-bdc378345fd2">6</ix:nonFraction> %</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="iac48efe18d8c437580093df830c91303_D20200101-20200331" decimals="2" name="us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfMy0xMC0xLTEtMA_aaf2a21c-1ec1-4e4b-a9cd-f3a09352aeeb">16</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i5dace06988d64f0babe357ab71250d7b_D20200101-20200331" decimals="2" name="us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfMy0xMi0xLTEtMA_0e0a7eda-5ad2-4456-b2e4-c6c9b0edb32a">6</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit loss assumptions</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="id549d917daee4ad691fd062262f8e9a0_D20210101-20210331" decimals="4" name="us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfNC00LTEtMS0w_0f3bcd2a-035d-4260-a7d6-5e9af8aba1bb">0.22</ix:nonFraction> %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ia43f35dc40644c5f89702816427ee2b7_D20210101-20210331" decimals="4" name="us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfNC02LTEtMS0w_9a086d52-07c0-4224-8b7d-b54985a1ca07">0.22</ix:nonFraction> %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="iac48efe18d8c437580093df830c91303_D20200101-20200331" decimals="4" name="us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfNC0xMC0xLTEtMA_8f48c3eb-8bee-4da8-a302-415e749690a0">0.21</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i5dace06988d64f0babe357ab71250d7b_D20200101-20200331" decimals="4" name="us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfNC0xMi0xLTEtMA_09b4b117-762b-4c75-9223-5c0c886768c7">0.22</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div></ix:nonNumeric></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">17</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 4. Principles of Consolidation - (continued)</span></div></div><ix:continuation id="i395909943d164bbcb83be93ccfe95498" continuedAt="i2164b734b1c64ce5974f238992e98252"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTEyMTU_e0b4d287-c4d7-4099-a5b2-bafb82b9b61d" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents additional information at March&#160;31, 2021 and December&#160;31, 2020, related to unconsolidated VIEs sponsored by Redwood and accounted for as sales since 2012.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.6 &#8211; Unconsolidated VIEs Sponsored by Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:64.129%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.589%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.592%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">On-balance sheet assets, at fair value:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest-only, senior and subordinate securities, classified as trading</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia706ae4529b24fa5b77d8bdbcc8191d6_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecuritiesDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfMi0yLTEtMS0w_73017e1b-ff3e-4336-8b11-c88cbe18987f">21,692</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i77c175e5c08c4ad9941f57566da0f8a7_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecuritiesDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfMi00LTEtMS0w_1bcbb620-2162-4103-900e-31e593bf6c60">20,982</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subordinate securities, classified as AFS</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3cdaeff7be5e454c8ce6f2cd952b22cc_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfMy0yLTEtMS0w_115f2092-668a-4858-9be5-2db5b8d0cc5b">141,632</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib546bb4eae8a408080a7026493d5ba9c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfMy00LTEtMS0w_42190706-e1f1-4594-90a1-d897f22338c3">136,475</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage servicing rights</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia99618844cf24d1b905d1d74910b289a_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfNC0yLTEtMS0w_d277b79e-c107-4add-9815-c6167474dc35">7,648</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8ed690cdee64450b84799ae7dfde6ae1_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfNC00LTEtMS0w_df92ef5e-22c1-4449-9d99-6e63cfd01cd5">8,413</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Maximum loss exposure </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia5f4f97edfb941b4969cb161d8a250ca_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfNS0yLTEtMS0w_c7ddc35e-0f09-4a40-b0e0-d722ab3c11ab">170,972</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ied477d8bed37404d8950d3d3f0efd37f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfNS00LTEtMS0w_58576356-039c-4b1f-b4a3-8391be14c0d9">165,870</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assets transferred:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans outstanding</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia5f4f97edfb941b4969cb161d8a250ca_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfNy0yLTEtMS0w_b247745d-2285-4027-88b4-d6118ee4e5e4">7,188,320</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ied477d8bed37404d8950d3d3f0efd37f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfNy00LTEtMS0w_92fb4da4-6deb-4aa9-b71c-73db43b52458">7,728,432</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans 30+ days delinquent</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia5f4f97edfb941b4969cb161d8a250ca_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfOC0yLTEtMS0w_2f57aee0-a6fe-45e0-8e2b-bd9ce33b8968">88,671</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ied477d8bed37404d8950d3d3f0efd37f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfOC00LTEtMS0w_5fc9ffb4-3d77-45bf-86dc-f03be99466a2">138,029</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Maximum loss exposure from our involvement with unconsolidated VIEs pertains to the carrying value of our securities and MSRs retained from these VIEs and represents estimated losses that would be incurred under severe, hypothetical circumstances, such as if the value of our interests and any associated collateral declines to zero. This does not include, for example, any potential exposure to representation and warranty claims associated with our initial transfer of loans into a securitization.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTEyNjM_d74d5c4c-144c-432c-be7c-5c5144f88e95" continuedAt="i0faa4e3bc44c4180b585ad4a58eeadd9" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents key economic assumptions for assets retained from unconsolidated VIEs and the sensitivity of their fair values to immediate adverse changes in those assumptions at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.7 &#8211; Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated VIEs Sponsored by Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:60.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.983%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.983%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.986%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">MSRs</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Senior</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Securities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate Securities</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fair value at March 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8495bad40b7e417480447a16509a7df0_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestsContinuedToBeHeldByTransferorFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMi0yLTEtMS0w_c3dcc07c-2668-4310-941a-32047eb3b8d6">7,648</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i353e49f9d97e47b7bfb62207392cc84c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestsContinuedToBeHeldByTransferorFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMi00LTEtMS0w_e927eade-28be-44de-84fd-1efa35aa261e">21,692</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i32294eb898b142eba0a03a9be8773a03_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestsContinuedToBeHeldByTransferorFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMi02LTEtMS0w_905ef543-80d9-4ee5-a5a1-ea28fc88f7c4">141,632</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expected life (in years)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i3a4fe6f40463480c92258c144f7a4a48_D20210101-20210331" format="ixt-sec:duryear" name="us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMy0yLTEtMS0w_b7fc58c0-9db6-417a-9852-c8a1dc503bed">2</ix:nonNumeric></span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="id549d917daee4ad691fd062262f8e9a0_D20210101-20210331" format="ixt-sec:duryear" name="us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMy00LTEtMS0w_cd030bb9-dfc3-48b8-a935-34d7e830359b">4</ix:nonNumeric></span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ia43f35dc40644c5f89702816427ee2b7_D20210101-20210331" format="ixt-sec:duryear" name="us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMy02LTEtMS0w_6b86b511-eec8-4124-b5fa-4bb787407508">8</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prepayment speed assumption (annual CPR)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i3a4fe6f40463480c92258c144f7a4a48_D20210101-20210331" decimals="2" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNC0yLTEtMS0w_9d62beb8-cca3-4ea6-b85b-d51cedb4b473">38</ix:nonFraction> %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="id549d917daee4ad691fd062262f8e9a0_D20210101-20210331" decimals="2" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNC00LTEtMS0w_5f6a4d14-4f9c-483b-95bb-b18c529977f0">27</ix:nonFraction> %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ia43f35dc40644c5f89702816427ee2b7_D20210101-20210331" decimals="2" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNC02LTEtMS0w_b774ac8f-68f4-427b-8bf7-7333181d0a8e">33</ix:nonFraction> %</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i3b9bd483c3d1416095c70193435a5109_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNi0wLTEtMS0wL3RleHRyZWdpb246NGRmZTIxMjNmNTM3NDI4ZGJlNWRmMDMzN2FhZGM3MjNfNA_39eae297-3be6-407c-b792-837b624ce5cd"><ix:nonFraction unitRef="number" contextRef="i57d1b0386671404d9d1b83db127d367c_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNi0wLTEtMS0wL3RleHRyZWdpb246NGRmZTIxMjNmNTM3NDI4ZGJlNWRmMDMzN2FhZGM3MjNfNA_838b1f8d-0dff-41d3-a57e-d31c64677e84"><ix:nonFraction unitRef="number" contextRef="ic2d65bd491d142bbbde87d9b4e37c0c3_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNi0wLTEtMS0wL3RleHRyZWdpb246NGRmZTIxMjNmNTM3NDI4ZGJlNWRmMDMzN2FhZGM3MjNfNA_c864db38-d0fc-4904-b403-9835d764f054">10</ix:nonFraction></ix:nonFraction></ix:nonFraction>% adverse change</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8495bad40b7e417480447a16509a7df0_I20210331" decimals="-3" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNi0yLTEtMS0w_5997e7b3-b107-4e0e-b861-3b8997dd8c74">786</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i353e49f9d97e47b7bfb62207392cc84c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNi00LTEtMS0w_bc3a64e5-f65c-4f82-91d7-9ded8f4fdf92">1,541</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i32294eb898b142eba0a03a9be8773a03_I20210331" decimals="-3" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNi02LTEtMS0w_2a28d0d7-86c5-4341-85c7-69736e525d61">288</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i09d39cdf142f4c7e9e1bf106c358a14b_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNy0wLTEtMS0wL3RleHRyZWdpb246MDA4NDBiNWYzYjJjNDEzZWFmMzBhZmExMDFiYWI0YTJfNA_1bf68a1a-87ae-4e3d-afe5-f32bb84e51e4"><ix:nonFraction unitRef="number" contextRef="i8a58dc12f3cc4dcf932d8db9def778c5_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNy0wLTEtMS0wL3RleHRyZWdpb246MDA4NDBiNWYzYjJjNDEzZWFmMzBhZmExMDFiYWI0YTJfNA_7fa5bc93-2e20-4832-afb6-47fd609421a4"><ix:nonFraction unitRef="number" contextRef="id5ee436a5ca84177b103986e5798e87f_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNy0wLTEtMS0wL3RleHRyZWdpb246MDA4NDBiNWYzYjJjNDEzZWFmMzBhZmExMDFiYWI0YTJfNA_b8c394e5-0aae-4324-ba10-a86b7be2df2a">25</ix:nonFraction></ix:nonFraction></ix:nonFraction>% adverse change</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8495bad40b7e417480447a16509a7df0_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNy0yLTEtMS0w_7505bfbd-6ab5-4d5a-9c0e-76988facae0f">1,752</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i353e49f9d97e47b7bfb62207392cc84c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNy00LTEtMS0w_917ff30a-5927-43af-a4d3-485407f07c07">3,508</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i32294eb898b142eba0a03a9be8773a03_I20210331" decimals="-3" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNy02LTEtMS0w_d1b8a854-dad4-4654-9650-1adbe812d8a2">759</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Discount rate assumption</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i3a4fe6f40463480c92258c144f7a4a48_D20210101-20210331" decimals="2" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfOC0yLTEtMS0w_158465d2-b700-4bc1-9eb9-1e59a7b77bd8">12</ix:nonFraction> %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="id549d917daee4ad691fd062262f8e9a0_D20210101-20210331" decimals="2" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfOC00LTEtMS0w_6c3ea127-4257-47dc-bca3-c41cdfc2440a">19</ix:nonFraction> %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ia43f35dc40644c5f89702816427ee2b7_D20210101-20210331" decimals="2" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfOC02LTEtMS0w_7c4d4263-b7dc-4a39-ba63-61be2745cd9e">4</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i57d1b0386671404d9d1b83db127d367c_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTAtMC0xLTEtMC90ZXh0cmVnaW9uOjQwODI0YWExNjA4NTRkYWViYmY4OGI1YTRkNTI4M2VhXzQ_151b3597-cf9e-476f-b25f-57b014718e87"><ix:nonFraction unitRef="number" contextRef="i3b9bd483c3d1416095c70193435a5109_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTAtMC0xLTEtMC90ZXh0cmVnaW9uOjQwODI0YWExNjA4NTRkYWViYmY4OGI1YTRkNTI4M2VhXzQ_d9fdde19-a278-410f-b2aa-8b407b8e8028"><ix:nonFraction unitRef="number" contextRef="ic2d65bd491d142bbbde87d9b4e37c0c3_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTAtMC0xLTEtMC90ZXh0cmVnaW9uOjQwODI0YWExNjA4NTRkYWViYmY4OGI1YTRkNTI4M2VhXzQ_ef3b4830-13ed-4149-875d-e804565b4ea3">100</ix:nonFraction></ix:nonFraction></ix:nonFraction> basis point increase</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8495bad40b7e417480447a16509a7df0_I20210331" decimals="-3" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTAtMi0xLTEtMA_64852d95-e121-427d-bbee-a60616efbf3c">176</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i353e49f9d97e47b7bfb62207392cc84c_I20210331" decimals="-3" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTAtNC0xLTEtMA_0e62973d-1e55-4c73-81de-abf74e9eef15">477</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i32294eb898b142eba0a03a9be8773a03_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTAtNi0xLTEtMA_5921fbcb-d57c-460e-bbec-705b284fa087">9,937</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="id5ee436a5ca84177b103986e5798e87f_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTEtMC0xLTEtMC90ZXh0cmVnaW9uOjE0OTNmYzY4M2UxMDQyOGNiNDkwZTkyMDEwOTZiY2JjXzQ_2ceea792-6042-4680-94fe-4e9b41a461a7"><ix:nonFraction unitRef="number" contextRef="i8a58dc12f3cc4dcf932d8db9def778c5_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTEtMC0xLTEtMC90ZXh0cmVnaW9uOjE0OTNmYzY4M2UxMDQyOGNiNDkwZTkyMDEwOTZiY2JjXzQ_8daa2cab-ee19-42c7-8a46-e7a695aaaff0"><ix:nonFraction unitRef="number" contextRef="i09d39cdf142f4c7e9e1bf106c358a14b_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTEtMC0xLTEtMC90ZXh0cmVnaW9uOjE0OTNmYzY4M2UxMDQyOGNiNDkwZTkyMDEwOTZiY2JjXzQ_c28a784c-7358-4c76-8328-ab8f9ef5971a">200</ix:nonFraction></ix:nonFraction></ix:nonFraction> basis point increase</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8495bad40b7e417480447a16509a7df0_I20210331" decimals="-3" name="rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTEtMi0xLTEtMA_52990a13-36d4-4b16-a7e0-9a9b4cb52843">346</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i353e49f9d97e47b7bfb62207392cc84c_I20210331" decimals="-3" name="rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTEtNC0xLTEtMA_7ca3f10a-9f5d-4e51-9ba3-c9acc5f553fa">930</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i32294eb898b142eba0a03a9be8773a03_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTEtNi0xLTEtMA_70c57fde-7ca3-4725-8f69-d4c77d41e056">18,961</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit loss assumption </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="id549d917daee4ad691fd062262f8e9a0_D20210101-20210331" decimals="4" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTItNC0xLTEtMA_6db39477-d925-48b0-b8e7-ddfbedfda054">0.40</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ia43f35dc40644c5f89702816427ee2b7_D20210101-20210331" decimals="4" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTItNi0xLTEtMA_e64fd539-de33-4307-a5b4-c392a636820b">0.40</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i3b9bd483c3d1416095c70193435a5109_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTQtMC0xLTEtMC90ZXh0cmVnaW9uOmJmY2YxZTkyZjAyMDRmNDRhYmUxMTkyNzQzZjJkOWI1XzQ_26dfc179-70e5-43e0-9033-6f21599211df"><ix:nonFraction unitRef="number" contextRef="i57d1b0386671404d9d1b83db127d367c_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTQtMC0xLTEtMC90ZXh0cmVnaW9uOmJmY2YxZTkyZjAyMDRmNDRhYmUxMTkyNzQzZjJkOWI1XzQ_52efe28a-a257-47c3-b12f-671ce069f1fd"><ix:nonFraction unitRef="number" contextRef="ic2d65bd491d142bbbde87d9b4e37c0c3_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTQtMC0xLTEtMC90ZXh0cmVnaW9uOmJmY2YxZTkyZjAyMDRmNDRhYmUxMTkyNzQzZjJkOWI1XzQ_9d9192bb-5662-4900-8f51-6679d11c60ec">10</ix:nonFraction></ix:nonFraction></ix:nonFraction>% higher losses</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i353e49f9d97e47b7bfb62207392cc84c_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTQtNC0xLTEtMA_464a941c-2617-40d1-82bd-f435137e5e91">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i32294eb898b142eba0a03a9be8773a03_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTQtNi0xLTEtMA_0042e85b-c2db-4b6a-a7f0-9d4b9a7f92a9">2,519</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i8a58dc12f3cc4dcf932d8db9def778c5_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTUtMC0xLTEtMC90ZXh0cmVnaW9uOmIxOGFjYjM3NjdhMjRhNWI5ZjZkMThkMjQ1MDgyOGFkXzQ_3b607dee-4f81-410a-8308-80266f919168"><ix:nonFraction unitRef="number" contextRef="i09d39cdf142f4c7e9e1bf106c358a14b_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTUtMC0xLTEtMC90ZXh0cmVnaW9uOmIxOGFjYjM3NjdhMjRhNWI5ZjZkMThkMjQ1MDgyOGFkXzQ_9ef900f7-d35a-46ff-a891-fba63026c243"><ix:nonFraction unitRef="number" contextRef="id5ee436a5ca84177b103986e5798e87f_D20210101-20210331" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTUtMC0xLTEtMC90ZXh0cmVnaW9uOmIxOGFjYjM3NjdhMjRhNWI5ZjZkMThkMjQ1MDgyOGFkXzQ_d350d4be-abe8-4d86-9ce5-f1da0554f6dc">25</ix:nonFraction></ix:nonFraction></ix:nonFraction>% higher losses</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i353e49f9d97e47b7bfb62207392cc84c_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTUtNC0xLTEtMA_e8e63a2e-c690-4011-a0ca-9419bd3c755b">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i32294eb898b142eba0a03a9be8773a03_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTUtNi0xLTEtMA_1658fe7b-aa32-41a2-ad1d-2df91c4df8cd">6,187</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 4. Principles of Consolidation - (continued)</span></div></div><ix:continuation id="i2164b734b1c64ce5974f238992e98252" continuedAt="i951f25c4df0b41d4be2b578f1e7f3c75"><ix:continuation id="i0faa4e3bc44c4180b585ad4a58eeadd9"><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:60.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.983%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.983%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.986%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">MSRs</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Senior</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Securities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate Securities</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fair value at December 31, 2020</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iea882139b3f640509990cb5b28fe74da_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestsContinuedToBeHeldByTransferorFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMi0yLTEtMS0w_2a47f4c9-77c5-4056-82d3-93999b377d35">8,413</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestsContinuedToBeHeldByTransferorFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMi00LTEtMS0w_e8721805-f3e5-44b3-b48b-b173ae60b291">17,333</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib64aea5f9e5e4374a730f7cab224a59f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestsContinuedToBeHeldByTransferorFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMi02LTEtMS0w_d2f7df87-aecc-483d-b87c-95d106705ede">140,124</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expected life (in years)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i06ed4e6b8bb6495e9e5ef48c718b367f_D20200101-20201231" format="ixt-sec:duryear" name="us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMy0yLTEtMS0w_925c831f-0708-48c3-9f18-ef6cdf11b29e">2</ix:nonNumeric></span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i5a57950744504d5283e5573c75ab8ae9_D20200101-20201231" format="ixt-sec:duryear" name="us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMy00LTEtMS0w_59f7e8f1-3515-45e5-9027-ed512388ed1c">3</ix:nonNumeric></span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i8beed95ac1444b9a8a3fb5b2b4b5ec7f_D20200101-20201231" format="ixt-sec:duryear" name="us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMy02LTEtMS0w_ce17eabd-2ecd-4f69-808f-093a4a047710">8</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prepayment speed assumption (annual CPR)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i06ed4e6b8bb6495e9e5ef48c718b367f_D20200101-20201231" decimals="2" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNC0yLTEtMS0w_ad3b8b3e-329e-4bac-8d0a-22549edc3664">37</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i5a57950744504d5283e5573c75ab8ae9_D20200101-20201231" decimals="2" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNC00LTEtMS0w_cde19c4c-4a7c-4f83-a485-aa781f4c7173">31</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i8beed95ac1444b9a8a3fb5b2b4b5ec7f_D20200101-20201231" decimals="2" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNC02LTEtMS0w_ed9042b5-2fa2-4571-8847-67d23f85c622">33</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i640b2657ff074ef99259f4905a2a8208_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNi0wLTEtMS0wL3RleHRyZWdpb246YzQ0MTY3YWY4ZWE0NGMxYTkxYWI5Y2FhZjZhOGVjNmZfNA_2f5748fa-a53f-499e-91d5-7ea28d86d870"><ix:nonFraction unitRef="number" contextRef="i2f0a995d32a64d16996dafdc6a733d41_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNi0wLTEtMS0wL3RleHRyZWdpb246YzQ0MTY3YWY4ZWE0NGMxYTkxYWI5Y2FhZjZhOGVjNmZfNA_4ef20faf-065b-47ff-b84f-e50f2c7a6018"><ix:nonFraction unitRef="number" contextRef="if6fd010a4a124a889d1a1545bbf34103_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNi0wLTEtMS0wL3RleHRyZWdpb246YzQ0MTY3YWY4ZWE0NGMxYTkxYWI5Y2FhZjZhOGVjNmZfNA_e29e99a9-631f-450a-a773-948c94cfe2d9">10</ix:nonFraction></ix:nonFraction></ix:nonFraction>% adverse change</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iea882139b3f640509990cb5b28fe74da_I20201231" decimals="-3" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNi0yLTEtMS0w_de6b0d53-308c-4b65-b260-9c8e5341d390">906</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNi00LTEtMS0w_3c20a064-7647-4e15-ad43-20a66613f9ef">1,557</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib64aea5f9e5e4374a730f7cab224a59f_I20201231" decimals="-3" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNi02LTEtMS0w_08ed7e77-e5cd-4765-a981-3b84b5b57049">452</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i8a7d8d1bf0b84d9db00c821600b0ca8b_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNy0wLTEtMS0wL3RleHRyZWdpb246NTk4MDM2ZWUxM2NkNDA4MmFjNzhhYWVhNmMzNTdmZmJfNA_34ce6e75-55c6-4734-9482-c835b515c032"><ix:nonFraction unitRef="number" contextRef="ie7389f73965f46508e603e4f82d5a7fe_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNy0wLTEtMS0wL3RleHRyZWdpb246NTk4MDM2ZWUxM2NkNDA4MmFjNzhhYWVhNmMzNTdmZmJfNA_b88c5db5-389b-4723-9441-c7ea69b6f2d9"><ix:nonFraction unitRef="number" contextRef="i5c03fca8226948b28fe29770664c33b7_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNy0wLTEtMS0wL3RleHRyZWdpb246NTk4MDM2ZWUxM2NkNDA4MmFjNzhhYWVhNmMzNTdmZmJfNA_d487b7cb-0eb7-47ab-82e1-73dc3584ea02">25</ix:nonFraction></ix:nonFraction></ix:nonFraction>% adverse change</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iea882139b3f640509990cb5b28fe74da_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNy0yLTEtMS0w_bd1c4086-e69d-4501-9714-d75241845408">2,058</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNy00LTEtMS0w_552d73f4-7d62-4b44-9f8f-38dd05846f4a">3,754</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib64aea5f9e5e4374a730f7cab224a59f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNy02LTEtMS0w_5ef04257-130f-41b6-9d5b-1ccb436da8d5">2,298</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Discount rate assumption</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i06ed4e6b8bb6495e9e5ef48c718b367f_D20200101-20201231" decimals="2" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfOC0yLTEtMS0w_c1690472-bae3-46b8-a466-98005e92de3c">12</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i5a57950744504d5283e5573c75ab8ae9_D20200101-20201231" decimals="2" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfOC00LTEtMS0w_89ff8a9c-e90d-4939-a692-af3608141684">21</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i8beed95ac1444b9a8a3fb5b2b4b5ec7f_D20200101-20201231" decimals="2" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfOC02LTEtMS0w_134d10f2-54da-4a5f-9d03-1b40a83d7281">5</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i2f0a995d32a64d16996dafdc6a733d41_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTAtMC0xLTEtMC90ZXh0cmVnaW9uOmVjMDViZjAyNWJjNDQyYTZhMTZhMmI0YTZjYTMxYmU2XzQ_08a6e57f-d27f-4eb4-9461-daf8beb77eba"><ix:nonFraction unitRef="number" contextRef="i640b2657ff074ef99259f4905a2a8208_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTAtMC0xLTEtMC90ZXh0cmVnaW9uOmVjMDViZjAyNWJjNDQyYTZhMTZhMmI0YTZjYTMxYmU2XzQ_b573e6d0-0e06-4ee2-96f1-a6d8daadc659"><ix:nonFraction unitRef="number" contextRef="if6fd010a4a124a889d1a1545bbf34103_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTAtMC0xLTEtMC90ZXh0cmVnaW9uOmVjMDViZjAyNWJjNDQyYTZhMTZhMmI0YTZjYTMxYmU2XzQ_c727eeb2-7539-4303-a2fc-7803ab8b7128">100</ix:nonFraction></ix:nonFraction></ix:nonFraction> basis point increase</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iea882139b3f640509990cb5b28fe74da_I20201231" decimals="-3" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTAtMi0xLTEtMA_2c47b226-b349-4309-bdd4-d328f155ee53">196</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231" decimals="-3" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTAtNC0xLTEtMA_5bbf1a57-2b72-4eb5-949e-406bc5c47f19">337</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib64aea5f9e5e4374a730f7cab224a59f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTAtNi0xLTEtMA_758d863f-13f6-4d7d-8fd4-c77334ed4cad">9,769</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ie7389f73965f46508e603e4f82d5a7fe_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTEtMC0xLTEtMC90ZXh0cmVnaW9uOmRhNTkyYmMzYTU2YjRiOTJhYzhjZmM2OGZjM2M3MzYxXzQ_82e34600-c5b2-47be-b759-bc341c111fe5"><ix:nonFraction unitRef="number" contextRef="i5c03fca8226948b28fe29770664c33b7_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTEtMC0xLTEtMC90ZXh0cmVnaW9uOmRhNTkyYmMzYTU2YjRiOTJhYzhjZmM2OGZjM2M3MzYxXzQ_ae042ee7-c2c9-407d-90e9-55ac84bc0afa"><ix:nonFraction unitRef="number" contextRef="i8a7d8d1bf0b84d9db00c821600b0ca8b_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTEtMC0xLTEtMC90ZXh0cmVnaW9uOmRhNTkyYmMzYTU2YjRiOTJhYzhjZmM2OGZjM2M3MzYxXzQ_ca5aa35c-e7a0-49f5-a8f8-d1f5529cb55b">200</ix:nonFraction></ix:nonFraction></ix:nonFraction> basis point increase</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iea882139b3f640509990cb5b28fe74da_I20201231" decimals="-3" name="rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTEtMi0xLTEtMA_8f2a775d-8a04-4e5b-a254-54eae6fbd245">380</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231" decimals="-3" name="rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTEtNC0xLTEtMA_508e296c-7444-4227-ba4a-45dabfacea88">659</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib64aea5f9e5e4374a730f7cab224a59f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTEtNi0xLTEtMA_33b4eaa5-06b5-43ed-b3b2-f98a9e9e92d5">18,650</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit loss assumption </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i5a57950744504d5283e5573c75ab8ae9_D20200101-20201231" decimals="4" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTItNC0xLTEtMA_c793c267-684d-463f-b50a-76aa9caac5b2">0.41</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i8beed95ac1444b9a8a3fb5b2b4b5ec7f_D20200101-20201231" decimals="4" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTItNi0xLTEtMA_969ae0f1-5a64-4a41-ad1e-ce1780e6aa80">0.41</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i640b2657ff074ef99259f4905a2a8208_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTQtMC0xLTEtMC90ZXh0cmVnaW9uOjQ1NmZkMmUwMjU5YTRlMzRhMDg5OWYxZGZkN2U3NmJmXzQ_7c65c289-867e-4d25-9e84-5db12c14cd8f"><ix:nonFraction unitRef="number" contextRef="if6fd010a4a124a889d1a1545bbf34103_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTQtMC0xLTEtMC90ZXh0cmVnaW9uOjQ1NmZkMmUwMjU5YTRlMzRhMDg5OWYxZGZkN2U3NmJmXzQ_98cad3fb-2d68-4d3d-bf63-300bd83224d0"><ix:nonFraction unitRef="number" contextRef="i2f0a995d32a64d16996dafdc6a733d41_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTQtMC0xLTEtMC90ZXh0cmVnaW9uOjQ1NmZkMmUwMjU5YTRlMzRhMDg5OWYxZGZkN2U3NmJmXzQ_dc5880a9-a1cb-4217-85bc-be0c59e103a2">10</ix:nonFraction></ix:nonFraction></ix:nonFraction>% higher losses</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTQtNC0xLTEtMA_2ba219c5-2ee6-4a75-b05a-e2122bdb4173">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib64aea5f9e5e4374a730f7cab224a59f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTQtNi0xLTEtMA_15ca4eea-5936-4601-a74e-5ba633612975">2,409</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i5c03fca8226948b28fe29770664c33b7_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTUtMC0xLTEtMC90ZXh0cmVnaW9uOjYzZTMxN2JlYWViMTRkNzg5NjZmN2Q2ZDM3M2ZjNTZkXzQ_5d81c933-e9d1-42fe-bbaf-a4b388023015"><ix:nonFraction unitRef="number" contextRef="i8a7d8d1bf0b84d9db00c821600b0ca8b_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTUtMC0xLTEtMC90ZXh0cmVnaW9uOjYzZTMxN2JlYWViMTRkNzg5NjZmN2Q2ZDM3M2ZjNTZkXzQ_bd47aa15-6af3-4c35-9c56-56f0c1c1dc09"><ix:nonFraction unitRef="number" contextRef="ie7389f73965f46508e603e4f82d5a7fe_D20200101-20201231" decimals="INF" name="rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTUtMC0xLTEtMC90ZXh0cmVnaW9uOjYzZTMxN2JlYWViMTRkNzg5NjZmN2Q2ZDM3M2ZjNTZkXzQ_ce4c9ed3-d627-458a-9104-896ce6a75d10">25</ix:nonFraction></ix:nonFraction></ix:nonFraction>% higher losses</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTUtNC0xLTEtMA_a3f3e48f-e736-432e-bab3-0111fdcc1980">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib64aea5f9e5e4374a730f7cab224a59f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTUtNi0xLTEtMA_71fcf896-42ce-4230-bbca-0f4de9cd7aae">5,915</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span><br/></span></div><div style="margin-bottom:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Senior securities included $<ix:nonFraction unitRef="usd" contextRef="i353e49f9d97e47b7bfb62207392cc84c_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:InterestsContinuedToBeHeldByTransferorFairValue" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfOTY4MQ_85f9dc86-b51f-4f86-8813-8dae96f69937">22</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:InterestsContinuedToBeHeldByTransferorFairValue" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfOTY4OA_45bbe3ba-6cf5-4fba-99c0-9531626e5d26">17</ix:nonFraction> million of interest-only securities at March&#160;31, 2021 and December&#160;31, 2020, respectively. </span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Expected life, prepayment speed assumption, discount rate assumption, and credit loss assumption presented in the tables above represent weighted averages.</span></div></ix:continuation><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Analysis of Unconsolidated Third-Party VIEs</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Third-party VIEs are securitization entities in which we maintain an economic interest, but do not sponsor. Our economic interest may include several securities and other investments from the same third-party VIE, and in those cases, the analysis is performed in consideration of all of our interests. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:ScheduleofThirdPartySponsoredVIESummaryTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTEyNDk_729a900a-f242-4eca-8815-e22c4c38e5f6" continuedAt="i660cf501b2e74ac886339206abf39bdf" escape="true">The following table presents a summary of our interests in third-party VIEs at March&#160;31, 2021 and December&#160;31, 2020, grouped by asset type. </ix:nonNumeric></span></div><ix:continuation id="i660cf501b2e74ac886339206abf39bdf"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.8 &#8211; Third-Party Sponsored VIE Summary</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:64.129%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.589%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.592%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage-Backed Securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Senior </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id0b2bb0ff56f4aff88a344a095797450_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfMi0yLTEtMS0w_d0fb4944-22bd-46e2-b407-d676f4aa6ce7">9,888</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7627833b45014bf396486110ec773e45_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfMi00LTEtMS0w_34229680-6491-4ff8-99cb-a7ccbdf96bf5">11,131</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mezzanine</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ieb724b40380e4abc8a89cb256bd2aa50_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfMy0yLTEtMS0w_699b9e75-a01a-48b0-827b-2cb84a67d3a6">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i02a80a66f38c4b44a315d7168a8a1ce7_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfMy00LTEtMS0w_ce8f8358-6f3d-4993-b1f9-4c4934d60141">2,014</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subordinate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifc32f6755aab4925abcc3c52e366bc7e_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfNC0yLTEtMS0w_ea7c5c14-a933-4a6c-8931-7be4db561e49">191,108</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3c284847aff748009fa71644a06f3072_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfNC00LTEtMS0w_4de93ecf-2c86-414d-bbb1-e59c263fc3a1">173,523</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Mortgage-Backed Securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i73fe65c9e2414eec9dbdef6605f7443b_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfNS0yLTEtMS0w_dd15b5cb-f8ac-4fe1-b2d6-aa670da3befa">200,996</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0ac2ebffe5924bc0a94219d40202f750_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfNS00LTEtMS0w_d94d7890-a16f-47d5-af4f-eecfb5e8efc4">186,668</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSR</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i187a64b8f7bd4b18a2e0da3abb554a64_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfNi0yLTEtMS0w_871c63d6-7ef9-4a1d-b2fd-cf7c45e4fbe4">13,267</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85ed2e4038cb400e8111953a8a687393_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfNi00LTEtMS0w_6b4600cb-e30d-4ef8-9aed-ade296fed233">14,133</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Investments in Third-Party Sponsored VIEs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iecf782aaafa84824bed1d8555c09df06_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfNy0yLTEtMS0w_7b3396f3-80ce-4839-a46b-bafe0391fd60">214,263</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4d41c3938347453eb8eae76d1a512021_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfNy00LTEtMS0w_0e929055-352c-4a53-8565-076415c5fc2a">200,801</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We determined that we are not the primary beneficiary of these third-party VIEs, as we do not have the required power to direct the activities that most significantly impact the economic performance of these entities. Specifically, we do not service or manage these entities or otherwise solely hold decision making powers that are significant. As a result of this assessment, we do not consolidate any of the underlying assets and liabilities of these third-party VIEs &#8211; we only account for our specific interests in them. </span></div></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="i951f25c4df0b41d4be2b578f1e7f3c75">Our assessments of whether we are required to consolidate a VIE may change in subsequent reporting periods based upon changing facts and circumstances pertaining to each VIE. Any related accounting changes could result in a material impact to our financial statements.</ix:continuation> </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">19</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_46"></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="margin-top:12pt"><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 5. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:FairValueDisclosuresTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfODg1MQ_67ef7aee-1f19-4151-8628-7b2d2cc95df4" continuedAt="ia5431b4f96fa41c3a9ce94677a3377cc" escape="true">Fair Value of Financial Instruments</ix:nonNumeric></span></div><ix:continuation id="ia5431b4f96fa41c3a9ce94677a3377cc" continuedAt="id2bc2ea8194441f58d52daf1d1aacbe1"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For financial reporting purposes, we follow a fair value hierarchy established under GAAP that is used to determine the fair value of financial instruments. This hierarchy prioritizes relevant market inputs in order to determine an &#8220;exit price&#8221; at the measurement date, or the price at which an asset could be sold or a liability could be transferred in an orderly process that is not a forced liquidation or distressed sale. Level 1 inputs are observable inputs that reflect quoted prices for identical assets or liabilities in active markets. Level 2 inputs are observable inputs other than quoted prices for an asset or liability that are obtained through corroboration with observable market data. Level 3 inputs are unobservable inputs (e.g., our own data or assumptions) that are used when there is little, if any, relevant market activity for the asset or liability required to be measured at fair value. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In certain cases, inputs used to measure fair value fall into different levels of the fair value hierarchy. In such cases, the level at which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. Our assessment of the significance of a particular input requires judgment and considers factors specific to the asset or liability being measured. </span></div></ix:continuation><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">20</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 5. Fair Value of Financial Instruments - (continued)</span></div></div><ix:continuation id="id2bc2ea8194441f58d52daf1d1aacbe1" continuedAt="i1e8315abbed74dd9b6bfdba592e1a6a2"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:FairValueByBalanceSheetGroupingTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfODgyMA_16692946-5db2-4e62-8410-3ca2b4296e79" escape="true"><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the carrying values and estimated fair values of assets and liabilities that are required to be recorded or disclosed at fair value at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.1 &#8211; Carrying Values and Fair Values of Assets and Liabilities</span></div><div style="margin-bottom:11pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:49.386%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.582%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.582%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.582%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Carrying<br/>Value</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Carrying<br/>Value</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Residential loans, held-for-sale at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i041e9ea7d068463c8c1e73f7cda660bf_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansHeldForSaleFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNC0yLTEtMS0w_24dbf625-11be-47d3-bbee-4eb7f9a0426d">996,476</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9bd97b11b65244059a6f3b55a1ca358c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansHeldForSaleFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNC00LTEtMS0w_3550506c-def0-44e8-9359-0c3e2ba22bbb">996,476</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i02e34abb9e114829add6054e6969e26b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansHeldForSaleFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNC02LTEtMS0w_af6ad0de-9394-48cd-bd31-abfde2c2a36e">176,604</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2b397077c8f54ed89f1db40ecfaa407e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansHeldForSaleFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNC04LTEtMS0w_60e398a7-b978-4f2e-a60e-f2e7d0559fe2">176,604</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Residential loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i949270fe10a148228f53742a4a97298b_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNS0yLTEtMS0w_c0ea0334-e9aa-4c1d-a1b5-4960545d6226">3,705,324</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i82aa06b128214826a67d0fb06ae4de31_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNS00LTEtMS0w_c1b51857-dfc0-4739-976c-c4468a95cdb6">3,705,324</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id00c5275b97f42adbcc2a6bcf7612b83_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNS02LTEtMS0w_6de94082-4fb0-46c6-943a-1399082c9c11">4,072,410</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1223ad98f5334f32906e8f07adad019e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNS04LTEtMS0w_e36d3647-4d5b-4286-87b6-c47c0a51b28d">4,072,410</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Business purpose loans, held-for-sale</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i230a890a5d7b4ca581603720777d8c0a_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansHeldForSaleFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNi0yLTEtMS0w_d1756dbc-1d83-434a-a6f5-014949eeaaa1">333,110</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2ae7ecabcb514d6dace74a7ac6aed9c3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansHeldForSaleFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNi00LTEtMS0w_e9df62dd-97d7-48fc-8066-3362f95406d9">333,110</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i72b4da0298cc4bc1a46b72377e09b3bd_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansHeldForSaleFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNi02LTEtMS0w_d5a3c5be-2914-4b49-bb28-f2e27b1eae2a">245,394</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ica2d5fea9ccf46b397c8fc05169ff0ad_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansHeldForSaleFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNi04LTEtMS0w_d01827c2-e785-4657-9d9a-3dffbcb5f6b4">245,394</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Business purpose loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1479ab8045e2442ea9748b283dc0efa4_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNy0yLTEtMS0w_748b850d-5ebc-45c0-9dd9-556352a04e16">3,839,010</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iad6348d4d8234958a3aeb5907c4f6917_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNy00LTEtMS0w_169247f5-7a02-4d22-b9bf-b707f721b3ff">3,839,010</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5932e7f2112d4e21a49c8b5abb597740_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNy02LTEtMS0w_7382ceb8-d298-4721-a878-6781cbb2e62e">3,890,959</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idf24d426b8d146cebc4b5130b0a7f593_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNy04LTEtMS0w_a471aa7c-a36d-456f-b1c8-49a4b2628875">3,890,959</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Multifamily loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9d5da380d1e54056a07512b322b6b784_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfOC0yLTEtMS0w_81828e00-0231-4d48-8f2a-bc1f42975cdd">489,545</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5c19c3eadb8a4139b4037db249b036e8_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfOC00LTEtMS0w_83e212e5-68be-4ed1-b19e-066c27973ac8">489,545</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7e7d50c4585e4d7ca427199bf84f0c3f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfOC02LTEtMS0w_b880f550-9c30-4ba3-b415-4d0e33edd5b2">492,221</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9cdfea28ea4b42e49bcc4730c30987af_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfOC04LTEtMS0w_e8bbb874-5921-4c3f-a3b4-df28ab4090f3">492,221</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfOS0yLTEtMS0w_6ee11c76-7970-4722-b559-ca7f18fc272c">364,320</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfOS00LTEtMS0w_7f85cc24-3a53-4c22-8f91-9bb9d215b127">364,320</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4788508fd084524aed5c75113b8df55_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfOS02LTEtMS0w_3c245932-a491-41fb-bafa-fbec28a38940">344,125</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84834aa5041244b29b21277c46e0c555_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfOS04LTEtMS0w_185ab5c3-61c3-4690-97f9-99466973d990">344,125</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Servicer advance investments </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4c3e34679dfc4f249d8e72e7fef3f2a9_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTEtMi0xLTEtMA_12ac2768-364f-4321-a1d8-9b823aeb2c80">206,525</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie42b1d27f51e4cf8a7441fdd85b60dce_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTEtNC0xLTEtMA_1d83fbd4-0de8-4f15-bab3-2567f66d08fa">206,525</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6f6606514a434bd7aa2dc6a56ebe0a3b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTEtNi0xLTEtMA_eac8e5ec-a99f-4a6b-bf0f-5c3e9947bdb1">231,489</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib4a6270f9d154fefbd36e6c27516feef_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTEtOC0xLTEtMA_0d2613ad-7bf8-4231-97b8-bdd25e67612e">231,489</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">MSRs </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i72bd2b77d7f1492fb1bed5643081bc12_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTItMi0xLTEtMA_4de74f1a-6683-4f30-953a-f2789d29a13b">7,945</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1465cc597cf44f53bea62569292485a4_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTItNC0xLTEtMA_962138f3-50b4-45c6-a842-b49c6024e8bd">7,945</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4d1d7d08bfba42b2b6cb509de53834a1_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTItNi0xLTEtMA_aceedfd8-4748-4cb1-ab22-617e8d7c4f33">8,815</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0ff36024ad4c49bc98783995846075c2_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTItOC0xLTEtMA_10ead186-ae04-49ee-b269-2cc72d379255">8,815</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Excess MSRs </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9635857698014305a58fb7bcceb71131_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssetsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTQtMi0xLTEtMA_24be6958-b202-4054-944f-70fcffc097c5">32,465</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i462bb2a3143e45718e6e5281637bb0a5_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssetsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTQtNC0xLTEtMA_368f0ad2-1c36-4ecf-a1e2-0d5d29e86372">32,465</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icd8ddda4d5fe45bda71788fd4f3803f5_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssetsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTQtNi0xLTEtMA_3cd8f2dc-93c7-436c-9b70-54e496bc1edf">34,418</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7504f6b58cb346249183ad14cfa0712d_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssetsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTQtOC0xLTEtMA_d3ac1d07-e9d9-487b-9c28-1c637247e33f">34,418</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Shared home appreciation options</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id0879c0f93ef4e83b115d81b0d77d91b_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanHeldForInvestmentAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTUtMi0xLTEtMA_589ff5fd-3907-4712-95a9-cc1731b3ae7d">45,823</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia07f1df5bc0f4a27839cfbd7a1adf298_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanHeldForInvestmentAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTUtNC0xLTEtMA_bdd80460-4eb0-4022-a288-904378ea296c">45,823</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ieffc59bbf2184ddd8b0bcf338cc12653_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanHeldForInvestmentAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTUtNi0xLTEtMA_bf4f09a1-9b41-4008-b2a6-24018e36b2ee">42,440</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibadc65bb83ef41d9aa61687c124c0ae9_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanHeldForInvestmentAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTUtOC0xLTEtMA_97c1401e-6eda-493a-a6ab-6f68b81b11c3">42,440</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash and cash equivalents</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTYtMi0xLTEtMA_43b1af26-f67d-4203-90b1-b56cfe85405f">426,019</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTYtNC0xLTEtMA_53351aa2-2e60-4bcb-80f5-bccda4b4e117">426,019</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4788508fd084524aed5c75113b8df55_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTYtNi0xLTEtMA_c6022717-aa25-4bb5-a9b5-c16be2a39276">461,260</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84834aa5041244b29b21277c46e0c555_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashAndCashEquivalentsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTYtOC0xLTEtMA_a229f058-5094-4c3e-9783-b18a559c5435">461,260</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Restricted cash</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:RestrictedCashAndCashEquivalentsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTctMi0xLTEtMA_ba95ba92-6a89-41a0-8238-0c5c0cf1ee26">95,775</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:RestrictedCashAndCashEquivalentsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTctNC0xLTEtMA_0d1f156b-376e-4933-80f1-8bce4b6ed6de">95,775</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4788508fd084524aed5c75113b8df55_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:RestrictedCashAndCashEquivalentsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTctNi0xLTEtMA_fdace1ac-8d13-4868-b340-b7229702f94e">83,190</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84834aa5041244b29b21277c46e0c555_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:RestrictedCashAndCashEquivalentsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTctOC0xLTEtMA_654bd66d-4c9b-4b67-aeee-1da3d95c6b4b">83,190</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Derivative assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTktMi0xLTEtMA_8d46b78b-bf46-4c08-b8e5-5cc053d2fdb0">129,924</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTktNC0xLTEtMA_d0ef4a0c-07ad-4575-9bc0-c151b2352f6d">129,924</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4788508fd084524aed5c75113b8df55_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTktNi0xLTEtMA_188665bb-af31-4b4b-8d43-974ea0d99e9e">53,238</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84834aa5041244b29b21277c46e0c555_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTktOC0xLTEtMA_1708a5f7-43cb-4171-8c65-135bac86f968">53,238</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">REO </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibe596ae102d0408eb86a8a4d3470f502_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssetsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjAtMi0xLTEtMA_4bf4184c-291a-40ab-a3d8-776e93938a69">15,829</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ieee5e8c5ac4b4b86a9b71d99acab4a0e_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssetsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjAtNC0xLTEtMA_86c45adf-0ea6-4b9e-bd74-096f752468b2">18,176</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i56a8dc5a60474b5c80200c25b4156e2b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssetsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjAtNi0xLTEtMA_d3b32a57-9858-4018-8c2a-82bf0f2bb5af">8,413</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9ae89e26af214324a93d006c954893e4_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssetsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjAtOC0xLTEtMA_e909ba9f-2762-414c-b72a-422878024e6a">9,229</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Margin receivable</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccountsReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjEtMi0xLTEtMA_0d953f43-7132-4081-860e-9d89c2f1cb34">16,283</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccountsReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjEtNC0xLTEtMA_b2d39992-3b65-435f-96bf-5c009e530b02">16,283</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4788508fd084524aed5c75113b8df55_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccountsReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjEtNi0xLTEtMA_ba51e6d7-26fe-441f-92c4-af79a519fce0">4,758</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84834aa5041244b29b21277c46e0c555_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccountsReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjEtOC0xLTEtMA_4cac1423-b2cf-4aee-9b40-ee467308bad2">4,758</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">FHLBC stock </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjItMi0xLTEtMA_878952e8-3b17-4801-ba69-87c0ef894c9c">5,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjItNC0xLTEtMA_342031bb-4ec2-4bc2-986e-1064cf3dfc47">5,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4788508fd084524aed5c75113b8df55_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjItNi0xLTEtMA_56d47265-7a89-4824-ad32-62d154e8e9a7">5,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84834aa5041244b29b21277c46e0c555_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjItOC0xLTEtMA_50b8c4dc-ebfa-4534-8147-b90ffbfad530">5,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Pledged collateral</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjUtMi0xLTEtMA_46ae9513-43c5-4433-b931-486eadb3d968">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjUtNC0xLTEtMA_55ff694e-62a8-4e63-91c5-ba7521b6b97f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4788508fd084524aed5c75113b8df55_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjUtNi0xLTEtMA_874a68da-3837-4ef6-8e7d-de5ba96b22f2">1,177</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84834aa5041244b29b21277c46e0c555_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjUtOC0xLTEtMA_be81884f-4caf-48d6-975f-d9867643e3c7">1,177</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Short-term debt </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie7d450e413c64bc8a9df8156ddd71d25_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShorttermDebtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjctMi0xLTEtMA_7da80449-15ff-44a7-bea4-941e8c648aae">1,253,882</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie181e17b3df14b33901743658c654b6c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShorttermDebtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjctNC0xLTEtMA_b95e5bbd-b284-4a97-a1d1-71347e08b31b">1,253,882</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i928a121113394f0e93e8e36132e7d576_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShorttermDebtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjctNi0xLTEtMA_d639f9cf-3d6c-47e8-9dbf-e4c6729addc5">522,609</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie67b654941dd41d9b4de9fe7ad691789_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShorttermDebtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjctOC0xLTEtMA_6339e629-d77a-4db4-a4d6-99991b3c9e9b">522,609</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Margin payable </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:MarginPayableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzAtMi0xLTEtMA_d12bfaad-c044-4b86-9051-dbbd2caad3d5">84,306</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:MarginPayableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzAtNC0xLTEtMA_af7a995b-a2f5-41b0-a07d-af9702ceae05">84,306</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4788508fd084524aed5c75113b8df55_I20201231" decimals="-3" format="ixt:zerodash" name="rwt:MarginPayableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzAtNi0xLTEtMA_6f0a9012-9535-4ed8-99c4-72657a198a32">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84834aa5041244b29b21277c46e0c555_I20201231" decimals="-3" format="ixt:zerodash" name="rwt:MarginPayableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzAtOC0xLTEtMA_d7a77c04-3cf4-4dcf-8609-18c171ecab81">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Guarantee obligation </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GuaranteesFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzEtMi0xLTEtMA_ed7f39e9-3b4a-456a-b482-711fa1a405f7">9,238</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GuaranteesFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzEtNC0xLTEtMA_45111b31-966e-43d2-bcce-379c70376541">6,782</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4788508fd084524aed5c75113b8df55_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GuaranteesFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzEtNi0xLTEtMA_3134ef59-990f-4411-abf0-02e05a810adf">10,039</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84834aa5041244b29b21277c46e0c555_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GuaranteesFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzEtOC0xLTEtMA_02d010fe-5b8f-4aab-a7bc-a5277f8aa03f">7,843</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Derivative liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzMtMi0xLTEtMA_20e54ee3-6d2d-4790-9a1e-50329754c6fd">73,178</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzMtNC0xLTEtMA_49a6b74e-cf57-4bf1-bdf8-e85448acdcd6">73,178</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4788508fd084524aed5c75113b8df55_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzMtNi0xLTEtMA_445735e8-b645-4eee-9ce8-f6dffb8cdf71">16,072</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84834aa5041244b29b21277c46e0c555_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzMtOC0xLTEtMA_cd015afb-95db-49d7-8db4-e4e0cef56be6">16,072</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">ABS issued, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzUtMi0xLTEtMA_3d17b02c-1ba0-4134-ae31-1b90a257b1c1">6,475,472</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzUtNC0xLTEtMA_75b6004d-9ba4-405e-8daa-1efccb13f84d">6,475,472</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4788508fd084524aed5c75113b8df55_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzUtNi0xLTEtMA_467f6ebc-88a4-4992-92ec-1da71bbe504b">6,900,362</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84834aa5041244b29b21277c46e0c555_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzUtOC0xLTEtMA_e2996747-26f6-4438-9de7-5fd8c43aeca9">6,900,362</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Amortized cost</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzYtMi0xLTEtMA_8bedff2d-565b-4396-bb60-57da3fef2c79">196,205</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzYtNC0xLTEtMA_fcd20f60-d083-452e-8009-ead387327d5d">200,157</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4788508fd084524aed5c75113b8df55_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzYtNi0xLTEtMA_c943e8b9-7f6c-4d11-a077-0eabede0131f">200,299</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84834aa5041244b29b21277c46e0c555_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzYtOC0xLTEtMA_4b6453c1-26ba-4ff7-a91c-57532ea5381c">204,892</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">FHLBC long-term borrowings</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FederalHomeLoanBankBorrowingsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzctMi0xLTEtMA_4215578d-c27d-4d38-8341-1d5d325ec304">1,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FederalHomeLoanBankBorrowingsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzctNC0xLTEtMA_45992cfc-02af-4dfa-84f3-4cce31ebbf50">1,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4788508fd084524aed5c75113b8df55_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FederalHomeLoanBankBorrowingsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzctNi0xLTEtMA_40315a88-c5b6-4708-9f8e-2109a011c96d">1,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84834aa5041244b29b21277c46e0c555_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FederalHomeLoanBankBorrowingsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzctOC0xLTEtMA_45a638f2-ffbf-4d9e-b44d-b571816447b9">1,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other long-term debt, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzgtMi0xLTEtMA_8e4e5bb4-51ad-46d3-8d7a-08e65a905241">786,869</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzgtNC0xLTEtMA_fcc62376-d970-4fad-bf14-d55aea65ced1">793,421</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4788508fd084524aed5c75113b8df55_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzgtNi0xLTEtMA_b1b2969e-14b7-4b66-84e2-7217c1bc13ce">774,726</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84834aa5041244b29b21277c46e0c555_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzgtOC0xLTEtMA_34645ba1-47bd-4b53-ae78-d07928521cc4">783,570</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Convertible notes, net </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ConvertibleDebtFairValueDisclosures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzktMi0xLTEtMA_4eb400db-141b-4fae-bfdf-a1a986357430">511,707</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ConvertibleDebtFairValueDisclosures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzktNC0xLTEtMA_053d7f7f-3228-4f68-b7fe-2129b352e763">522,423</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4788508fd084524aed5c75113b8df55_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ConvertibleDebtFairValueDisclosures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzktNi0xLTEtMA_791e43d1-7bfe-4d7e-ae2f-3c509033f5c7">511,085</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84834aa5041244b29b21277c46e0c555_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ConvertibleDebtFairValueDisclosures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzktOC0xLTEtMA_77bab9f1-5663-4647-b568-e2569e5599ff">499,865</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trust preferred securities and subordinated notes, net </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNDAtMi0xLTEtMA_d1e80cc7-a4d4-467a-b4c3-da1e9be6b77a">138,686</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNDAtNC0xLTEtMA_1c0df2f7-54c6-4937-ba6b-a27ba8aa2ddd">97,650</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4788508fd084524aed5c75113b8df55_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNDAtNi0xLTEtMA_45e2a05b-0b34-4da2-8dd2-f056ded6eca4">138,674</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i84834aa5041244b29b21277c46e0c555_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNDAtOC0xLTEtMA_66717afb-937f-4ab4-afbe-64af843dcfa7">80,910</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">These investments are included in Other investments on our consolidated balance sheets.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">These assets are included in Other assets on our consolidated balance sheets.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">These liabilities are included in Accrued expenses and other liabilities on our consolidated balance sheets.</span></div></ix:nonNumeric><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March&#160;31, 2021, we elected the fair value option for $<ix:nonFraction unitRef="usd" contextRef="id1789aae18fb409e82890e3909458dd7_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="rwt:FairValueOptionAssetsAggregateCarryingAmountDuringPeriod" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfMTk3Nw_139f2596-74ff-4e8b-99d5-6920130872ee">22</ix:nonFraction> million of securities, $<ix:nonFraction unitRef="usd" contextRef="i4904322d8b464d11a931f6bd09c1cb97_D20210101-20210331" decimals="-7" format="ixt:numdotdecimal" name="rwt:FairValueOptionAssetsAggregateCarryingAmountDuringPeriod" scale="9" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfMjAxNg_d7eda674-9dff-4b76-90e3-fbfcfe442cf3">3.10</ix:nonFraction> billion of residential loans (principal balance), and $<ix:nonFraction unitRef="usd" contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="rwt:FairValueOptionAssetsAggregateCarryingAmountDuringPeriod" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfMjA4Mg_fde68f93-0bff-426a-8b3d-666bdac20c1f">386</ix:nonFraction> million of business purpose loans (principal balance). We anticipate electing the fair value option for all future purchases of residential and business purpose loans that we intend to sell to third parties or transfer to securitizations, for business purpose bridge loans we hold for investment, as well as for certain securities we purchase, including IO securities and fixed-rate securities rated investment grade or higher. </span></div></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">21</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 5. Fair Value of Financial Instruments - (continued)</span></div></div><ix:continuation id="i1e8315abbed74dd9b6bfdba592e1a6a2" continuedAt="i8c25baa72bf846a09117d0f064c0da04"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfODg2MQ_4d325730-b6d3-4ce3-966f-6f77764088d9" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the assets and liabilities that are reported at fair value on our consolidated balance sheets on a recurring basis at March&#160;31, 2021 and December&#160;31, 2020, as well as the fair value hierarchy of the valuation inputs used to measure fair value.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.2 &#8211; Assets and Liabilities Measured at Fair Value on a Recurring Basis </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:47.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.983%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.983%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.983%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.987%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying<br/>Value</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair Value Measurements Using</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 1</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 2</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 3</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9f6277c46f524816a6e1c228e3069a7e_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ReceivablesFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMy0yLTEtMS0w_dba099f8-a50e-42f5-a6b9-63f1a069a927">4,701,800</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i75f22a81a7024897ac2f5ec6fc48caa1_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:ReceivablesFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMy00LTEtMS0w_ecf930a9-63a5-43a9-85d8-5cda51b9fcc9">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie493c02de1c342c885b72f000dff7bed_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:ReceivablesFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMy02LTEtMS0w_ec9dd99d-2994-433d-a8f3-5313f3dc681a">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib56f386c27ce4b5193c79f38e01a8e2c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ReceivablesFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMy04LTEtMS0w_675000ac-67e5-4721-aec3-6a1208ec811a">4,701,800</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:BusinessPurposeLoansFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNC0yLTEtMS0w_870c8090-cd4d-419f-9cbb-2bced31db0ea">4,172,120</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331" decimals="-3" format="ixt:zerodash" name="rwt:BusinessPurposeLoansFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNC00LTEtMS0w_dd951031-a2d1-4b52-9323-836ffafa4a98">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i44e9671b38764d829529e1987839809a_I20210331" decimals="-3" format="ixt:zerodash" name="rwt:BusinessPurposeLoansFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNC02LTEtMS0w_2783f8f1-9a26-40b0-b145-b98ff13f341b">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1348161961b043c0b7c66de76a35f004_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:BusinessPurposeLoansFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNC04LTEtMS0w_a9681447-1b9d-4ffc-9bcc-f56863bb04c3">4,172,120</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:MultifamilyLoansFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNS0yLTEtMS0w_c507a497-36dd-444a-8635-7fc64b72f2ca">489,545</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331" decimals="-3" format="ixt:zerodash" name="rwt:MultifamilyLoansFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNS00LTEtMS0w_fbfbd2ea-7cdb-492e-a949-0442f47ce705">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i44e9671b38764d829529e1987839809a_I20210331" decimals="-3" format="ixt:zerodash" name="rwt:MultifamilyLoansFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNS02LTEtMS0w_013978c9-376b-4048-ba8b-96f274e99a72">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1348161961b043c0b7c66de76a35f004_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:MultifamilyLoansFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNS04LTEtMS0w_a6f93e72-3515-4f01-abca-78dfde257ec3">489,545</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNi0yLTEtMS0w_e9ae5ccf-1fe4-4ccb-a79e-8c054e0e9af2">364,320</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNi00LTEtMS0w_ba879581-d695-4f69-b40f-ed8259f600ec">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i44e9671b38764d829529e1987839809a_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNi02LTEtMS0w_15e47c9f-1731-403a-977f-90412624b2ba">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1348161961b043c0b7c66de76a35f004_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNi04LTEtMS0w_9a7580b3-12b5-4009-9b5e-36f65d04e26d">364,320</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:ServicerAdvanceInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfOC0yLTEtMS0w_51c58bfa-ad84-4cbb-8131-a5cb26949628">206,525</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331" decimals="-3" format="ixt:zerodash" name="rwt:ServicerAdvanceInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfOC00LTEtMS0w_b3b37ad8-1d63-4c52-9c85-c6445a726ee3">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i44e9671b38764d829529e1987839809a_I20210331" decimals="-3" format="ixt:zerodash" name="rwt:ServicerAdvanceInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfOC02LTEtMS0w_de46b197-a158-4c0c-8084-ddb8f7607071">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1348161961b043c0b7c66de76a35f004_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:ServicerAdvanceInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfOC04LTEtMS0w_2f97d3df-8036-4489-8c2c-5f3f9e832d9b">206,525</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSRs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfOS0yLTEtMS0w_a07e9e81-d68e-4e85-b971-c15cf7072ea1">7,945</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfOS00LTEtMS0w_0aab1ae9-9007-47be-9e69-4ba930765a79">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i44e9671b38764d829529e1987839809a_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfOS02LTEtMS0w_d0ae514b-39ce-4c74-8613-5a9c7f6fcc38">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1348161961b043c0b7c66de76a35f004_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfOS04LTEtMS0w_8ef49676-d25e-4288-b6b5-8510391bc52c">7,945</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:ExcessMortgageServicingRightsIOs" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTAtMi0xLTEtMA_1f5403ba-854a-4429-892d-02231d17d101">32,465</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331" decimals="-3" format="ixt:zerodash" name="rwt:ExcessMortgageServicingRightsIOs" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTAtNC0xLTEtMA_fd38072c-4dec-41bf-ab9a-afaaee644567">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i44e9671b38764d829529e1987839809a_I20210331" decimals="-3" format="ixt:zerodash" name="rwt:ExcessMortgageServicingRightsIOs" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTAtNi0xLTEtMA_c64775ac-69e3-47e6-816e-657ba19ee93a">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1348161961b043c0b7c66de76a35f004_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:ExcessMortgageServicingRightsIOs" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTAtOC0xLTEtMA_70695317-529f-4a2b-890b-5ff88665d1a4">32,465</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:HomeAppreciationOptionsFairvalueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTEtMi0xLTEtMA_4cc0dea3-0055-490f-b94e-af7b9b0e196c">45,823</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331" decimals="-3" format="ixt:zerodash" name="rwt:HomeAppreciationOptionsFairvalueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTEtNC0xLTEtMA_0275253b-3499-4d2b-b7bd-015aecbdbf3e">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i44e9671b38764d829529e1987839809a_I20210331" decimals="-3" format="ixt:zerodash" name="rwt:HomeAppreciationOptionsFairvalueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTEtNi0xLTEtMA_eef0e1e9-cda1-46ae-98a7-8536fbd1a3fc">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1348161961b043c0b7c66de76a35f004_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:HomeAppreciationOptionsFairvalueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTEtOC0xLTEtMA_8200188c-761f-4869-82ef-2dd9ef7296af">45,823</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTItMi0xLTEtMA_f723593e-7f89-4d64-93c9-dc88212667a4">129,924</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTItNC0xLTEtMA_ed112a63-975d-400e-b397-8df77a8f15b5">40,800</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i44e9671b38764d829529e1987839809a_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTItNi0xLTEtMA_0bdc8075-17dd-42c1-96c5-b142e7ee2d86">87,960</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1348161961b043c0b7c66de76a35f004_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTItOC0xLTEtMA_2a87d5a6-f0ce-4a67-8462-0026024345ab">1,164</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FHLBC stock</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTQtMi0xLTEtMA_20290e5f-4999-4496-97d2-4c8b7727aec8">5,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTQtNC0xLTEtMA_2a72a767-c42a-4a61-83ea-117f725e5eee">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i44e9671b38764d829529e1987839809a_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTQtNi0xLTEtMA_4183e637-08de-45f2-b5b1-807b8b6b2550">5,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1348161961b043c0b7c66de76a35f004_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTQtOC0xLTEtMA_9e5095cf-e67f-4036-887a-6ff67165d347">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTktMi0xLTEtMA_ba94d30c-4391-4301-aec9-6139426be4a9">73,178</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTktNC0xLTEtMA_2a368c25-d5b5-4d86-b0b3-639f33abf3b8">38,072</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i44e9671b38764d829529e1987839809a_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTktNi0xLTEtMA_60952c2d-2143-4fe2-adc2-35cd4fafa45f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1348161961b043c0b7c66de76a35f004_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTktOC0xLTEtMA_daf2bd11-10fb-4586-bf65-8d429471e0d1">35,106</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ABS issued</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMjEtMi0xLTEtMA_2d6b77ee-0b2d-4fcc-a0c9-76880ea17b50">6,475,472</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DebtInstrumentFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMjEtNC0xLTEtMA_d894f009-e7bd-476d-8d2c-d09d59e056a0">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i44e9671b38764d829529e1987839809a_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DebtInstrumentFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMjEtNi0xLTEtMA_469cfd70-8ff1-417a-95fd-3fed75391f56">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1348161961b043c0b7c66de76a35f004_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMjEtOC0xLTEtMA_60bd1523-17ef-4c72-be67-387a75acd36c">6,475,472</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:47.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.983%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.983%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.983%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.987%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying<br/>Value</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair Value Measurements Using</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 1</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 2</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 3</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i09c3af6cf03044b49ebd86c20d0e7ded_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ReceivablesFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMy0yLTEtMS0w_8a021a44-557d-4712-8db8-c4425111958c">4,249,014</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1fb2986eeca146b28d8ada75c1e5d20a_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:ReceivablesFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMy00LTEtMS0w_f7956256-787c-4b42-94ab-436fe8e8a717">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic5bc5d552f1f4c19a30b8799b579c83b_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:ReceivablesFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMy02LTEtMS0w_5c7cf637-3c84-46e4-ab09-c3599459a189">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5eaa6e4405e64b0cbe28447cd330f4da_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ReceivablesFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMy04LTEtMS0w_3fc5735d-8814-4ceb-bb02-4a6174032ee7">4,249,014</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:BusinessPurposeLoansFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNC0yLTEtMS0w_8ec0c657-154b-4098-917b-a8671d3f41ca">4,136,353</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231" decimals="-3" format="ixt:zerodash" name="rwt:BusinessPurposeLoansFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNC00LTEtMS0w_cd4e9e91-14a0-42b2-80c5-882292012e61">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia05690965f42466f900469e237c2c14e_I20201231" decimals="-3" format="ixt:zerodash" name="rwt:BusinessPurposeLoansFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNC02LTEtMS0w_98e47c6f-106b-4ffa-aa5f-d4963e0762b0">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:BusinessPurposeLoansFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNC04LTEtMS0w_dc1e7bb7-3252-4e2f-8284-bd556f207acc">4,136,353</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:MultifamilyLoansFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNS0yLTEtMS0w_67ebc76d-ee2d-466f-a599-a99e49a2f0d4">492,221</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231" decimals="-3" format="ixt:zerodash" name="rwt:MultifamilyLoansFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNS00LTEtMS0w_4bb79bc9-f064-4790-a0fc-9a90eaf1fd32">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia05690965f42466f900469e237c2c14e_I20201231" decimals="-3" format="ixt:zerodash" name="rwt:MultifamilyLoansFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNS02LTEtMS0w_8debed5d-4bef-4c1d-8257-5ab6419a8a01">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:MultifamilyLoansFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNS04LTEtMS0w_d5c45da4-6c85-4ea8-a261-07a8e43fc9b1">492,221</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNi0yLTEtMS0w_869a0c14-2505-4d32-b353-5b8c358eafae">344,125</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNi00LTEtMS0w_fa07a8ee-67f7-4683-aaee-f73f9292fe35">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia05690965f42466f900469e237c2c14e_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNi02LTEtMS0w_7f781206-86a6-4d6d-b009-247a3996dbb9">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNi04LTEtMS0w_28d71ea9-bd51-4e1a-aea3-0c0244b218fd">344,125</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:ServicerAdvanceInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfOC0yLTEtMS0w_9fa35c6b-c57f-4313-a689-bccea3dc0cbd">231,489</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231" decimals="-3" format="ixt:zerodash" name="rwt:ServicerAdvanceInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfOC00LTEtMS0w_361afbc2-d5bf-47a1-ae78-2aebad553861">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia05690965f42466f900469e237c2c14e_I20201231" decimals="-3" format="ixt:zerodash" name="rwt:ServicerAdvanceInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfOC02LTEtMS0w_5eb22467-c0bc-4c6e-8549-10777fb5e5bc">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:ServicerAdvanceInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfOC04LTEtMS0w_58e4b818-ed50-47f2-9d22-2cbb064f9a9c">231,489</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSRs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfOS0yLTEtMS0w_88b0fe75-1d4f-4d74-8a5f-aeef45bb7d20">8,815</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfOS00LTEtMS0w_055043eb-4051-4c34-b5d4-19c161b6cb31">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia05690965f42466f900469e237c2c14e_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfOS02LTEtMS0w_95382a83-9f8b-49ac-8e90-a7cb23fc87e6">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfOS04LTEtMS0w_54e0e9ac-88d9-4c6f-818b-770f067f5d54">8,815</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:ExcessMortgageServicingRightsIOs" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTAtMi0xLTEtMA_d67a28e3-c08a-4140-b413-547eb126972a">34,418</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231" decimals="-3" format="ixt:zerodash" name="rwt:ExcessMortgageServicingRightsIOs" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTAtNC0xLTEtMA_5f64a497-a3d7-404d-812e-f110d3cf692b">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia05690965f42466f900469e237c2c14e_I20201231" decimals="-3" format="ixt:zerodash" name="rwt:ExcessMortgageServicingRightsIOs" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTAtNi0xLTEtMA_24ccdb92-2881-4ac4-a0ca-012158be1cfe">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:ExcessMortgageServicingRightsIOs" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTAtOC0xLTEtMA_a44984c7-409e-451f-8b16-e63e44dcbe93">34,418</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:HomeAppreciationOptionsFairvalueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTEtMi0xLTEtMA_40107a50-76cd-4cd8-b2c3-b93a767d96cf">42,440</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231" decimals="-3" format="ixt:zerodash" name="rwt:HomeAppreciationOptionsFairvalueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTEtNC0xLTEtMA_6d60d1b5-0d00-4283-afb1-262966d3b12c">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia05690965f42466f900469e237c2c14e_I20201231" decimals="-3" format="ixt:zerodash" name="rwt:HomeAppreciationOptionsFairvalueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTEtNi0xLTEtMA_14477005-5956-46a0-a162-72facb17e07d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:HomeAppreciationOptionsFairvalueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTEtOC0xLTEtMA_b23a55c6-093a-41aa-81ca-979011b0083a">42,440</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTItMi0xLTEtMA_372b088a-aee7-4204-b8f5-ec5fd299375e">53,238</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTItNC0xLTEtMA_138a8587-50de-47f3-95ef-65b6b8ef7c06">18,260</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia05690965f42466f900469e237c2c14e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTItNi0xLTEtMA_cb21b146-afc0-46c9-b6e3-fc7a5435d506">19,951</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTItOC0xLTEtMA_22ddc429-ac03-41ba-9b18-2b2773cb2fb2">15,027</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pledged collateral</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTMtMi0xLTEtMA_66d6a373-62a8-4064-a865-05946b56faa4">1,177</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTMtNC0xLTEtMA_71661f7f-598b-4a0e-921e-0e88c03365a1">1,177</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia05690965f42466f900469e237c2c14e_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTMtNi0xLTEtMA_02c397d5-ea92-4d9e-84ea-fe00685c728d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTMtOC0xLTEtMA_6edbb98b-9f12-4e15-85fe-9020a43cb374">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FHLBC stock</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTQtMi0xLTEtMA_c9af8f9b-dd29-4ef5-bd52-c95634ff8451">5,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTQtNC0xLTEtMA_19c5846c-a571-45a0-979c-b5ae1865237a">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia05690965f42466f900469e237c2c14e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTQtNi0xLTEtMA_24ea0a26-a41d-4dce-ad91-02277df1ebf0">5,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTQtOC0xLTEtMA_6cf2a04e-ac3f-4900-aeb8-88749bcccc5d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTktMi0xLTEtMA_afb00012-359c-4e34-8b7d-53eb6d729c31">16,072</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTktNC0xLTEtMA_ce6ef7eb-87a4-4652-b9e2-fef931ed63ad">15,495</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia05690965f42466f900469e237c2c14e_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTktNi0xLTEtMA_32a5bd87-ef62-467f-bf40-bac94a40b4b8">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231" decimals="-3" name="us-gaap:DerivativeLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTktOC0xLTEtMA_10273abb-27a5-43f9-be91-92d54a70f033">577</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ABS issued</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMjEtMi0xLTEtMA_bbddc35b-a758-4207-a4a3-a41fbce414ac">6,900,362</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:DebtInstrumentFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMjEtNC0xLTEtMA_fc5eb015-d231-418b-8d3c-254ee841b30e">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia05690965f42466f900469e237c2c14e_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:DebtInstrumentFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMjEtNi0xLTEtMA_2355280c-f414-43e3-9f54-6d981d385624">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMjEtOC0xLTEtMA_a3157b36-4d10-42b2-a0a4-23b936be1202">6,900,362</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">22</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 5. Fair Value of Financial Instruments - (continued)</span></div></div><ix:continuation id="i8c25baa72bf846a09117d0f064c0da04" continuedAt="i3c03e42c2c294c74922f02b6a3f35254"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfODgyNQ_6174fb2f-609d-4075-bcbe-7ca89b2b1361" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents additional information about Level 3 assets and liabilities measured at fair value on a recurring basis for the three months ended March&#160;31, 2021.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.3 &#8211; Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis </span></div><div style="margin-bottom:5pt;margin-top:17pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.444%"><tr><td style="width:1.0%"></td><td style="width:14.682%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.498%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.698%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.498%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.698%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.498%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.838%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.498%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.419%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.498%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.498%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.397%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.498%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.302%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.498%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.419%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.498%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.405%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="51" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Residential Loans</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Business Purpose<br/>Loans</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Multifamily Loans</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Trading Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">AFS <br/>Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Servicer Advance Investments</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">MSRs</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Excess MSRs</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Shared Home Appreciation Options</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:26pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Beginning balance -<br/>&#160;&#160;&#160;December 31, 2020</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie7fa352ab92140db90a0844d7bba8353_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy0yLTEtMS0w_8ca46f44-d8dd-4fac-a5d1-37ea9dbcb326">4,249,014</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iaccc86199189418bbe9d8a42cf521566_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy00LTEtMS0w_33222679-efb1-4005-8ee0-ec1ace03ac79">4,136,353</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id2983f99344c40f2aa9d887c682ef6be_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy02LTEtMS0w_dec3cb59-5822-478f-83b4-2ba5db6f925e">492,221</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3ff67d830f584d5da4f47fce499467ef_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy04LTEtMS0w_e2381117-aae6-4ff0-b8eb-894cd67dfc41">125,667</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ied43ede63fe2437090ef3656f409e22a_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy0xMC0xLTEtMA_57cfcc2f-38e1-4129-a5bb-15175b0a0219">218,458</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia58e6fa52ecd4486807a8d7701d68047_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy0xMi0xLTEtMA_e721fc8b-d26c-4fcc-bd7c-86662b12bfb4">231,489</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i60a60f5062a14535a567cd300a6922bd_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy0xNC0xLTEtMA_76070702-e643-4af2-b579-7face9bb82bc">8,815</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8b3d02bf488749ef9c12768532968cc2_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy0xNi0xLTEtMA_737406a6-5c04-4abf-b982-91033e86f593">34,418</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6853cae04733444989dba11ad71fe683_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy0xOC0xLTEtMA_4d59b9c4-fdad-4e45-a772-2541e618c7d6">42,440</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Acquisitions</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i549f7a036d614ca0b48d449bc9b73902_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS0yLTEtMS0w_45317661-48a0-4391-b729-cb9d3b50ad01">3,146,682</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS00LTEtMS0w_e3e78fb4-bdee-41b3-8c31-e901fa3c0017">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifb3d49ad157844e9a437e4ead41bb61b_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS02LTEtMS0w_497127d1-cec2-4501-8280-45f866f6e914">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS04LTEtMS0w_9d8b8414-d0db-4879-89fe-0860a67f611b">22,429</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6a0242a33d5472abd750073cc76e9a8_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS0xMC0xLTEtMA_8779215a-1bcc-44db-9418-8e2d95512bf0">1,078</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS0xMi0xLTEtMA_02d4d176-a0d7-49dc-b85b-d7bdc32a2fab">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS0xNC0xLTEtMA_2ef4c5be-12ca-485f-bb7d-273a5481514a">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS0xNi0xLTEtMA_cab28002-c5b0-4a9e-89d6-a4b1451b4071">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS0xOC0xLTEtMA_c9a4f1cc-344e-43bc-aad8-2e5d91a62f6d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Originations</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i549f7a036d614ca0b48d449bc9b73902_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi0yLTEtMS0w_044fec0c-a1da-4024-afc5-44ea54f9ded2">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi00LTEtMS0w_175d0555-9527-45d0-ba93-74bb070e445c">386,327</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifb3d49ad157844e9a437e4ead41bb61b_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi02LTEtMS0w_b53e50ad-04a5-4bc1-8d87-a58746af8d13">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi04LTEtMS0w_45c15b36-d58a-4f4c-8bc9-440e5316387f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6a0242a33d5472abd750073cc76e9a8_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi0xMC0xLTEtMA_8ff2cf52-9460-4b69-a91b-7092c1012a2b">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi0xMi0xLTEtMA_d8336933-1930-4a67-8150-017e90ba640d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi0xNC0xLTEtMA_3afec878-a1a0-4e5f-b074-24ea9f319c81">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi0xNi0xLTEtMA_a5c07690-6a63-495c-99de-c2980b5f0b81">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi0xOC0xLTEtMA_e8ae9d34-94ef-4e73-8600-77333c239068">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Sales</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i549f7a036d614ca0b48d449bc9b73902_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy0yLTEtMS0w_ee4749ae-9ed5-42a6-a2ac-f4793c32d17b">2,348,126</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy00LTEtMS0w_59da99dc-40d0-4ff0-b04c-2084bd182f83">8,877</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifb3d49ad157844e9a437e4ead41bb61b_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy02LTEtMS0w_abe41f08-a36d-4d0c-8d33-847d73ed7d2d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy04LTEtMS0w_79eb4026-0a8a-4612-a688-1fae80ef8f66">23,546</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if6a0242a33d5472abd750073cc76e9a8_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy0xMC0xLTEtMA_a0d5da2d-b70c-4d79-ad96-1c5037321422">2,200</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy0xMi0xLTEtMA_93a6be8e-a9bf-4553-9a56-076af1f391b9">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy0xNC0xLTEtMA_30cbfe52-0bd5-4eeb-abf9-43838fddcfd0">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy0xNi0xLTEtMA_45cc3bb7-0db9-4bd9-814d-c8c52d68f60b">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy0xOC0xLTEtMA_f7c84c0c-9053-463a-a44c-5a11ffdb8f66">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Principal paydowns</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i549f7a036d614ca0b48d449bc9b73902_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC0yLTEtMS0w_50d6287f-5b10-4edb-b039-839a603863f4">369,393</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC00LTEtMS0w_32cbc75b-8e1b-47b5-8471-783764cc276c">282,289</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ifb3d49ad157844e9a437e4ead41bb61b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC02LTEtMS0w_4aceb806-5e87-4b78-812d-a18c24f0de18">1,946</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331" decimals="-3" name="rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC04LTEtMS0w_c60db8a1-9e00-4e45-b94c-23b76c05cb11">509</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if6a0242a33d5472abd750073cc76e9a8_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC0xMC0xLTEtMA_8a7925ea-6ef3-4f05-84dc-f03f14ca8d4d">11,238</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC0xMi0xLTEtMA_ce726398-fb62-4a82-a46d-7df5cf1e88b6">24,804</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC0xNC0xLTEtMA_63fca795-8107-41df-98de-671906b1c2c2">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC0xNi0xLTEtMA_90c46eb9-8bdf-46bc-97da-7076594aee5c">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC0xOC0xLTEtMA_8627b342-89b4-4d50-85c7-8e4a45d4b702">1,932</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Gains (losses) in net income (loss), net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i549f7a036d614ca0b48d449bc9b73902_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtMi0xLTEtMA_d45e703f-ecd8-4289-830c-60f2ea7818e4">24,898</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtNC0xLTEtMA_100e489f-881d-454b-8ff7-944b4489f12a">45,987</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ifb3d49ad157844e9a437e4ead41bb61b_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtNi0xLTEtMA_e7fa42fe-4389-47d1-bbfe-dd159c3a3aab">730</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtOC0xLTEtMA_98605da5-2bae-48dc-9a26-2b7120b47581">21,349</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6a0242a33d5472abd750073cc76e9a8_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtMTAtMS0xLTA_4e8d0617-1e3f-4d3d-8972-cc7d3b9b4b57">4,596</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtMTItMS0xLTA_cdf47846-b76a-40ef-9615-7da0bf595f69">160</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtMTQtMS0xLTA_53b92f16-d74f-4da3-b56d-7d142d033c7c">870</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtMTYtMS0xLTA_727ed03b-c865-4c9a-8b4c-9f4da078cf75">1,953</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtMTgtMS0xLTA_f1ffacbd-e24e-4ae8-8a4b-ed63a48ce5bc">5,315</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Unrealized losses in OCI, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i549f7a036d614ca0b48d449bc9b73902_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtMi0xLTEtMA_95c09caa-9850-4622-b503-1b66c2fc2c3f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtNC0xLTEtMA_77e56076-bcd7-405f-bff6-91df7715d699">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifb3d49ad157844e9a437e4ead41bb61b_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtNi0xLTEtMA_94d04af2-64fd-4d54-91ef-af558abc2950">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtOC0xLTEtMA_04166592-6768-4a8c-87ab-b33a3c2bf6c6">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6a0242a33d5472abd750073cc76e9a8_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtMTAtMS0xLTA_a5c2075f-3ecf-410c-a1e2-8ceba8d68fc0">8,236</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtMTItMS0xLTA_bc2800e6-922d-4824-b2fc-14c42387286d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtMTQtMS0xLTA_53f93227-22b8-44ae-92c9-9168037250bd">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtMTYtMS0xLTA_e1165e74-e0ca-4a95-9142-e555c654394a">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtMTgtMS0xLTA_6ea71909-394e-468b-8b9c-6f81350bf9b0">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other settlements, net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i549f7a036d614ca0b48d449bc9b73902_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItMi0xLTEtMA_81ad1457-5b20-49e5-a9a1-6056c28cf44e">1,275</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItNC0xLTEtMA_53866e1f-9937-45cc-8a5e-da6d4f03b503">13,407</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifb3d49ad157844e9a437e4ead41bb61b_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItNi0xLTEtMA_2da36e00-0fd3-44ce-a8dc-07c78eeac459">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItOC0xLTEtMA_0e3e3549-d715-4cac-9eaa-a7d6b7814f85">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6a0242a33d5472abd750073cc76e9a8_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItMTAtMS0xLTA_c0f35eab-68c4-4592-a60d-4ec2fac13acb">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItMTItMS0xLTA_71cb439a-4c0d-4b41-9415-2754ab64a941">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItMTQtMS0xLTA_08afb953-f322-4267-93d4-79d95b477c91">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItMTYtMS0xLTA_5901a963-4ae3-4d33-9ccd-a27e33b60e72">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItMTgtMS0xLTA_c971bf85-9135-49fe-aac7-a87099e0248f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Ending balance - <br/>&#160;&#160;&#160;March 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i07a6d33092ae4a489a31b3a968623d79_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtMi0xLTEtMA_8e5e97e5-87ca-4283-b1cb-27a26500426e">4,701,800</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5a0a5b43b48846f79d29956a447bdf71_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtNC0xLTEtMA_9fab86f4-80c5-458d-9724-44b4426c8140">4,172,120</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6fc7e7e78b064a55a8f56344b342d3b8_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtNi0xLTEtMA_4ed862ae-41cb-4424-9666-99022e987ca0">489,545</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iab69e02dc03c4787b3576e45df718e6b_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtOC0xLTEtMA_ae5f1418-05f7-4bd1-bbaa-19f85fd70f97">145,390</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iee7abe4fb8f141dfac3e73deb610206c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtMTAtMS0xLTA_f4b6d4a8-ab0d-4b98-bca9-c9ce7194f708">218,930</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifdd05b0e653a49e9afdb552c47a636a2_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtMTItMS0xLTA_d877f43e-9379-4643-9cc0-9a9f62bbee23">206,525</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia863a4ea907945e4985e729e98137856_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtMTQtMS0xLTA_085b71b3-b714-4a66-b71b-ee1e0fccc19e">7,945</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia34e5b2765934a8caca5d6560b7325f0_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtMTYtMS0xLTA_ff872352-220b-4ca2-b787-c672861bab73">32,465</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i054a7222e5b2414aabfc40a8dfae03dc_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtMTgtMS0xLTA_b58b8126-3a36-4543-b507-67215cb0a1aa">45,823</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.3 &#8211; Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis (continued)</span></div><div style="margin-bottom:5pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:72.788%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.261%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.263%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Liabilities</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Derivatives </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">ABS<br/>Issued</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Beginning balance - December 31, 2020</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7c9bf4a4709342dd89c28902bbf85390_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfMy0xOC0xLTEtMA_be3903be-56d6-4fe5-ac53-83d6380fdb4a">14,450</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iac3f07a56e594c60bc0856fc337d226c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfMy0yMi0xLTEtMA_8613cbd8-74bb-4a29-a5e1-316d7583e281">6,900,362</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Acquisitions</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0c40a9027e2c42b191b1f44de3846e76_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfNS0xOC0xLTEtMA_ccf3287f-5a41-4807-baad-2e45e35368a6">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i88cbe1e67e484322852362c87df869b4_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfNS0yMi0xLTEtMA_2aa43a90-dd96-49eb-b03b-61f78d9a84ac">147,086</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Principal paydowns</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0c40a9027e2c42b191b1f44de3846e76_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfNy0xOC0xLTEtMA_6ab6acfd-f2f1-4604-a234-5f5c6b48da50">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i88cbe1e67e484322852362c87df869b4_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfNy0yMi0xLTEtMA_d28249ff-ca48-47b4-b1d0-ab29424e5914">494,234</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Gains (losses) in net income (loss), net</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i0c40a9027e2c42b191b1f44de3846e76_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfOS0xOC0xLTEtMA_9e8dccd8-fba2-49ec-bc74-7a5667e82fcc">52,761</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i88cbe1e67e484322852362c87df869b4_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfOS0yMi0xLTEtMA_947a9b42-1343-40ae-abe6-89cbd1eae798">77,742</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other settlements, net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0c40a9027e2c42b191b1f44de3846e76_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfMTEtMTgtMS0xLTA_eb1fe003-7316-4b21-ad3e-001203e59ac0">4,369</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i88cbe1e67e484322852362c87df869b4_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfMTEtMjItMS0xLTA_5feb3a76-8670-4d0f-88f1-034b65929b92">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Ending balance - March 31, 2021</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i2578abb6543e498aa84225e44ae44321_I20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfMTItMTgtMS0xLTA_2e7a7925-1260-4f8b-b60b-782182b1e61e">33,942</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i96b83456b00f48f68b30ca5643004dd0_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfMTItMjItMS0xLTA_cfedf2cb-54d9-470a-a1d5-3e5a3be35756">6,475,472</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)&#160;&#160;&#160;&#160;Other settlements, net for residential and business purpose loans represents the transfer of loans to REO, and for derivatives, the settlement of forward sale commitments and the transfer of the fair value of loan purchase or interest rate lock commitments at the time loans are acquired to the basis of residential and single-family rental loans. </span></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)&#160;&#160;&#160;&#160;For the purpose of this presentation, derivative assets and liabilities, which consist of loan purchase commitments and interest rate lock commitments, are presented on a net basis.</span></div></ix:nonNumeric></ix:continuation><div style="margin-bottom:6pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 5. Fair Value of Financial Instruments - (continued)</span></div></div><ix:continuation id="i3c03e42c2c294c74922f02b6a3f35254" continuedAt="ibdb30a5a1abf42519ba42174185d4cf7"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfODg0MA_9bfbab95-0444-4cff-8890-df77f6b8118a" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the portion of gains or losses included in our consolidated statements of income (loss) that were attributable to Level 3 assets and liabilities recorded at fair value on a recurring basis and held at March&#160;31, 2021 and 2020. Gains or losses incurred on assets or liabilities sold, matured, called, or fully written down during the three months ended March&#160;31, 2021 and 2020 are not included in this presentation.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.4 &#8211; Portion of Net Gains (Losses) Attributable to Level 3 Assets and Liabilities Still Held at March&#160;31, 2021 and 2020 Included in Net Income</span></div><div style="margin-bottom:5pt;margin-top:3pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.483%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.485%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Included in Net Income</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans at Redwood</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6667ead55d144e9a83496a4566421676_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfNC0yLTEtMS0w_d98fe312-4991-421f-ae89-641f2e782aa5">9,978</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ifc643f6bad1f4aa89c501e5a104a21d5_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfNC00LTEtMS0w_9dd53025-b517-49e0-81b3-fd4face37336">102,867</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfNS0yLTEtMS0w_9cc6c478-4c93-43f3-918c-b36a43d3636d">5,104</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i58b74c50beef41a2a81b4ccbe0a00f23_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfNS00LTEtMS0w_326a1e3d-924e-40f6-9866-a18a176aaea9">68,864</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in consolidated Sequoia entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie910f1ef08b648b48ee01aa312690566_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfNi0yLTEtMS0w_ce0817b3-6d65-43cc-b203-e1a3ac49e4f1">4,201</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i536d18f1e0bd49bc9267734b885b2001_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfNi00LTEtMS0w_fa4aee34-ec03-4012-8157-86d3ee1a514d">179,499</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in consolidated Freddie Mac SLST entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iefc1afb6134449f9b82d2f9b413f5265_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfNy0yLTEtMS0w_cbf077e7-f19f-4b49-acc5-4076ef807ae1">4,088</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="idc9f1f5b85c14779ac04355776756cdc_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfNy00LTEtMS0w_6fa9483b-c750-4221-ba20-acd50851504b">193,035</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in consolidated Freddie Mac K-Series entity </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i26af598de0f349148bb24d571a9d29ae_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfOC0yLTEtMS0w_98ffd206-f33b-45c1-8dd0-c4cf408b968a">8,921</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i149b968bab964175bcc3503c989cd595_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfOC00LTEtMS0w_a3cd63bc-c573-43b6-8520-1b3c256333e8">10,351</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in consolidated CAFL entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6ae84f2458744e90a3f2176f85717eef_D20210101-20210331" decimals="-3" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfOS0yLTEtMS0w_3fa5ad27-d82e-4d23-b43a-78ae236ae0e8">370</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic773e787c1ec476ba0293705d1db87c8_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfOS00LTEtMS0w_061495aa-5234-412d-9839-39f0520a9701">271,917</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331" decimals="-3" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTAtMi0xLTEtMA_3b00294a-7bc6-4211-ace0-35ad2d4b25d3">490</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i550beb9b2edd40aebd9b4bef213c426c_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTAtNC0xLTEtMA_0b636594-de58-46e3-a2fc-9dc89cdf42a8">136,359</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331" decimals="-3" sign="-" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTItMi0xLTEtMA_f69dd307-ba2b-4171-af69-1f3869beed57">160</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8766c7e33d9f48cabf689e1a3fda9c4a_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTItNC0xLTEtMA_5133883f-2dff-493c-b97a-f4f0d93ec469">6,062</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSRs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331" decimals="-3" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTMtMi0xLTEtMA_ffcb4d26-a0b8-4792-8e5e-2da19df5b6ad">756</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7eea2300187346879d7627dc3f6838c8_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTMtNC0xLTEtMA_a8d6619f-18ba-47a2-a147-ad382f2f9bf8">16,640</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTQtMi0xLTEtMA_351d9280-584f-403e-a828-32902d1c56b6">1,952</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ib800be21a6484e2380d6761746e3b34e_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTQtNC0xLTEtMA_3de3a5f6-4b5f-450c-9667-53b0ee28d343">9,494</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTUtMi0xLTEtMA_87583bdb-9568-4641-9767-73ae0485a01d">5,315</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i905379e317594d80ad762ae080cb0ba6_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTUtNC0xLTEtMA_b954412a-c244-4bd2-847c-01d859450ca9">7,554</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan purchase and interest rate lock commitments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i50e7d29d3696473eb3b280e05f4185c1_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTYtMi0xLTEtMA_6413db29-c7a6-4a63-9100-6707fe82b6ae">1,053</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idb7db59756814ccc9c0dedca5dc761cb_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTYtNC0xLTEtMA_74df302b-405b-4d6b-9998-7beb4c152a58">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan purchase commitments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6dadfc22ba34444995ba067f66249d7a_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMjEtMi0xLTEtMA_cb2dde03-e102-4a07-8a4c-b750e59549c6">35,661</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i4175c7730d9c43de9031c5bda117babd_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMjEtNC0xLTEtMA_1725e714-6379-4813-958e-bce66193128e">3,967</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Contingent consideration</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i158c143156934610a7cb7d00ee1b0619_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMjMtMi0xLTEtMA_07863067-d585-4431-8d06-d5f5fc4f1afa">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iacfbd3b7e1d4424a94ad197b0aa8019c_D20200101-20200331" decimals="-3" name="rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMjMtNC0xLTEtMA_38bd8363-4bc6-4ab0-8d6d-e442ca084779">312</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)&#160;&#160;&#160;&#160;Represents the portion of net gains or losses included in our consolidated statements of income (loss) related to loans and the associated ABS issued at our consolidated securitization entities held at March&#160;31, 2021 and 2020, which netted together represent the change in value of our investments at the consolidated VIEs, excluding REO.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:FairValueAssetsMeasuredOnNonrecurringBasisTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfODgxNQ_49c80748-02a0-4b4c-9c1e-b2a03422b07f" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents information on assets recorded at fair value on a non-recurring basis at March&#160;31, 2021. This table does not include the carrying value and gains or losses associated with the asset types below that were not recorded at fair value on our consolidated balance sheets at March&#160;31, 2021.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.5 &#8211; Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis at March&#160;31, 2021 </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:43.622%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.156%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gain (Loss) for</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying <br/>Value</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair Value Measurements Using</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Three Months Ended</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 1</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 2</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">REO</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i33739b4aa720431f94491f32f92cc0d5_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssetsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjJjOGRlZDZjOTQ5MDQ5MTg4NmVlNjFjZDQwNWUxMmY4L3RhYmxlcmFuZ2U6MmM4ZGVkNmM5NDkwNDkxODg2ZWU2MWNkNDA1ZTEyZjhfNi0yLTEtMS0w_87883bc6-88c6-4ff7-9043-4c471c3feb15">1,316</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i611ddefe02464bc3870bdde8403ed531_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherAssetsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjJjOGRlZDZjOTQ5MDQ5MTg4NmVlNjFjZDQwNWUxMmY4L3RhYmxlcmFuZ2U6MmM4ZGVkNmM5NDkwNDkxODg2ZWU2MWNkNDA1ZTEyZjhfNi00LTEtMS0w_fafafb85-c997-463e-926a-a8d3bad9ffa5">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9db60fa1b3904f99afa90198dfe78894_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherAssetsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjJjOGRlZDZjOTQ5MDQ5MTg4NmVlNjFjZDQwNWUxMmY4L3RhYmxlcmFuZ2U6MmM4ZGVkNmM5NDkwNDkxODg2ZWU2MWNkNDA1ZTEyZjhfNi02LTEtMS0w_603e01ee-b5d5-48bb-bdde-e86fad9ebc18">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i40a7f478b06244db80d562e688507237_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssetsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjJjOGRlZDZjOTQ5MDQ5MTg4NmVlNjFjZDQwNWUxMmY4L3RhYmxlcmFuZ2U6MmM4ZGVkNmM5NDkwNDkxODg2ZWU2MWNkNDA1ZTEyZjhfNi04LTEtMS0w_14910c73-3d14-4128-aaac-adf8234ec268">1,316</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i943a8d998ce4417d8482ccfec4eba00e_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:FairValueOptionChangesInFairValueGainLoss1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjJjOGRlZDZjOTQ5MDQ5MTg4NmVlNjFjZDQwNWUxMmY4L3RhYmxlcmFuZ2U6MmM4ZGVkNmM5NDkwNDkxODg2ZWU2MWNkNDA1ZTEyZjhfNi0xMC0xLTEtMA_2889970c-1cba-4a95-9e7a-adce89562769">3</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div></ix:nonNumeric></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">24</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 5. Fair Value of Financial Instruments - (continued)</span></div></div><ix:continuation id="ibdb30a5a1abf42519ba42174185d4cf7" continuedAt="i02cbe82a46744d40a710adae1741b370"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfODg2MA_9ccd8657-f3a6-4717-99e1-1afe3adab599" continuedAt="i35b802b121584cc7be0d03c433d266f3" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the net market valuation gains and losses recorded in each line item of our consolidated statements of income for the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.6 &#8211; Market Valuation Gains and Losses, Net</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.483%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.483%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.485%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mortgage Banking Activities, Net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans held-for-sale, at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie0ea2f9a069046359541df8a6c9c34be_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMy0yLTEtMS0w_e0fb13f6-8c73-4774-8dfa-77cfa4bc1ee3">23,112</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i493d4046aa994911b4b7c64d6e169e4a_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMy00LTEtMS0w_831aa0d3-2fe3-495d-aed3-18d25d829ae7">13,480</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loan purchase and forward sale commitments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i00523484f3cd4ed790880778eb957709_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfNC0yLTEtMS0w_eab3f767-0109-4c34-a3d9-7bbab835f802">52,385</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib4858f756d8c429f80340b969c283011_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfNC00LTEtMS0w_fa3df539-e2de-4613-8c84-5842101bf5f1">21,435</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Single-family rental loans held-for-sale, at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia9fd8d05593a4f7f91b09e9a3a8c5adc_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfNS0yLTEtMS0w_61ee67bc-ea13-4af1-a5f9-87fd75252e05">10,248</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i10200654d7e64e31b490ed14f5a4ebcb_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfNS00LTEtMS0w_5618afb1-6e24-44b5-8fe4-03fef7e92a15">11,467</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Single-family rental loan purchase and interest rate lock commitments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0a8efb4d904c4cceba82459f2976b997_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfNi0yLTEtMS0w_9ce8980c-6f74-40fc-ad88-2ca1b0940705">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9e4135b194bf44a289a120abffedaddd_D20200101-20200331" decimals="-3" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfNi00LTEtMS0w_2c6f3bf4-92ff-4603-b5b6-74ebdf423574">341</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bridge loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idd862ce212b246d18ec144179e66d6c8_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfNy0yLTEtMS0w_a74dbc66-ffa4-45f8-a69f-cc72872b2d1d">1,044</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i3bb079db28394c9d9e09fe6f8610de7f_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfNy00LTEtMS0w_a7036734-b9ae-4c55-8fde-fa9439d4b75c">3,934</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading securities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if7b75b356e814db2bc0260efc565afbe_D20210101-20210331" decimals="-3" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfOC0yLTEtMS02MzY_3d5f1373-3486-49f9-a7fc-e73c3ed63c27">721</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6788a2f41244ef28a7bf50bfb78adf6_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfOC00LTEtMS02MzY_6b88bf91-03f8-4421-94c0-c6863782e6ef">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk management derivatives, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4f01a7bf4bd48de99703d023fdffc23_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfOC0yLTEtMS0w_fcd10b54-da56-41a7-8847-7dd9e4a10893">92,822</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i98012c7050184111bd383e5fc36fa937_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfOC00LTEtMS0w_725fcb98-4738-4a4d-9058-ed20b96609ff">52,832</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total mortgage banking activities, net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icc090af3a3944f298e99496759d4b8bd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfOS0yLTEtMS0w_15e09b84-d3f5-4045-aee9-aa0d5d1febac">75,562</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i3f1428ea357b4375b459487a4a55c44f_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfOS00LTEtMS0w_0c16a71f-455b-4390-9912-5ee4064718cc">37,003</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Investment Fair Value Changes, Net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans at Redwood</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic9b6824ca2854748b0ee7720afae24ad_D20210101-20210331" decimals="-3" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTEtMi0xLTEtMA_36d5c98c-93e2-48dd-acc7-372d96461007">317</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i30787af2a65b4207a13175ca5051275a_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTEtNC0xLTEtMA_40ad2ee0-48ca-4709-a627-c0d4febe0efc">93,636</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Single-family rental loans held-for-investment</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i89924ebd81db43369175e5d88a9dd440_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTItMi0xLTEtMA_fc587fd9-8b07-482f-9579-2590e42d7624">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ief334a70a3eb47a596399c592cf7b8d8_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTItNC0xLTEtMA_ad463769-3d2a-49df-a16c-3e8e5981397b">23,028</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bridge loans held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i21bd9594bdc6473ea84b364f176533d7_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTMtMi0xLTEtMA_277aa2d6-07c5-4d33-8441-84a934558df7">3,304</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if53ba3db0684450abfb2946f4c6fc6b7_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTMtNC0xLTEtMA_491e3742-acf3-4048-8c82-51c700c30116">38,602</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i518addbe889a4e80b5c9a727fb91d8aa_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTQtMi0xLTEtMA_ddfc4327-5fa6-4097-bf00-e331e9eeaf34">20,628</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ia306ec4c55e34a76a4cfde4f22075275_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTQtNC0xLTEtMA_1ba10cda-943d-4915-98c6-43580560dffc">263,325</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i1b67a32a7aa1461e8a5b3dc16b126b61_D20210101-20210331" decimals="-3" sign="-" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTUtMi0xLTEtMA_ce72a5ab-bd23-48bc-aa32-23ce3ca4c89b">160</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i44d7062dccc4482eb2a480ca09e76880_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTUtNC0xLTEtMA_0cd33af6-a8b7-4be3-842e-6b52a6a7d90d">6,062</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ief47be17ad3e4796b9c0f12f3065164f_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTYtMi0xLTEtMA_b2b4756f-53f3-405b-b011-db5477198667">1,953</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7319b4cb879e421f8ac76aa55968a52e_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTYtNC0xLTEtMA_73b8a228-de52-48db-9ca9-5ce97cfb2edd">9,494</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in Legacy Sequoia entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i1b4e0e7ae9f14750ae752d41c0786e5f_D20210101-20210331" decimals="-3" sign="-" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTktMi0xLTEtMA_3e7f2e42-2158-4cdb-b04c-ada763a5374e">699</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ia9a548411f774ad6b87af3e6bebe4be2_D20200101-20200331" decimals="-3" sign="-" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTktNC0xLTEtMA_74dd48d9-214f-40da-9b0b-98b4503d2c32">391</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in Sequoia Choice entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if55a1f3df2534bef9cb88ebbb59e5e54_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjAtMi0xLTEtMA_d01aec94-79a1-4781-809e-ae263de1a87d">4,898</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i2101239e1ed64b57814bf0ff5203b353_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjAtNC0xLTEtMA_9c755fde-fae7-4b79-b6a4-06a1aea246f4">69,669</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in Freddie Mac SLST entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifcb2c2de3bc0421ba747fbf5de64121f_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjEtMi0xLTEtMA_ce2a4521-762c-430f-a094-005e508870b6">4,117</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic9005108191048a299271dfa5ada7a5c_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjEtNC0xLTEtMA_7195cfa7-efd7-4e57-818c-41a1d139d32f">142,162</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investment in Freddie Mac K-Series entity </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia5e7ab2c37c84f0194666c012e613958_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjItMi0xLTEtMA_33d105da-099b-4276-8a5e-24dd6919b5d4">8,921</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i7f9eb6ae6026412192300f90c6b1d3ac_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjItNC0xLTEtMA_9fa6fdaf-e84c-4e19-8b94-a92eeb3595cb">86,509</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in CAFL entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic2afa7710e0c4120be3ac52614b34d41_D20210101-20210331" decimals="-3" sign="-" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjMtMi0xLTEtMA_9a54b2d7-7449-42f2-aac9-00a55eeb3b96">286</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="if67282c6d42647d594ccb7dee627c6f8_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjMtNC0xLTEtMA_3d4a84af-0d5b-4c33-bee0-dd67f8481fed">67,846</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i284b3fd30d234c63bb993795682bf964_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjMtMi0xLTEtNjE4Mw_38e0f01e-1d6e-4f40-82db-87435d28c216">5,315</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i169759bb6912478582d0e66562781ec4_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjMtNC0xLTEtNjE4Mw_56fe5b27-bf58-43d0-aeee-de1cddd77ce1">7,554</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibd4c7af477ca4da8bd36ed9707f243ad_D20210101-20210331" decimals="-3" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjQtMi0xLTEtMA_acb258ee-5039-4b6a-8e39-8c8598f2a33d">310</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="id8ffd74ef46747d4b51bac5edfbe7a61_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjQtNC0xLTEtMA_0d36dea9-ad83-40e6-822e-c5daa4bafc6d">1,887</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk management derivatives, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2ae495385e884f3c8f5ebb2bb6e22a17_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjUtMi0xLTEtMA_512958f9-a740-4b71-a507-a67a39f10c81">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="id3952c377d9947d1a8fd13d5b43ddf65_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjUtNC0xLTEtMA_8832f335-f45d-4a17-b627-35889b8a8860">59,142</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit recoveries (losses) on AFS securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iecb8af227a934f02aa3370a1fdd3a5cd_D20210101-20210331" decimals="-3" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjctMi0xLTEtMA_49e723e9-4b57-451d-9c16-67cfb74ae9db">375</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i5140e3fb71d64f918c9138d3257c57fb_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjctNC0xLTEtMA_26fc0124-f13c-4113-9f6d-e5f474c4e1e6">1,525</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic8666794582b409fb009b5941410e5ef_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjgtMi0xLTEtMA_513f51e3-84e6-4b8c-b41d-cdc7e9cae24f">45,087</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i2a77ef2ff4e047caa0f1a33d7929ec64_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjgtNC0xLTEtMA_57a1b7dc-ba3c-432a-bd8f-2156d76c0f0d">870,832</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other Income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSRs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i88dee4db834f4d2d94d5c69fcd091e54_D20210101-20210331" decimals="-3" sign="-" name="rwt:MortgageServicingRightsIncomeLossNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMzAtMi0xLTEtMA_12a4a063-27d2-475b-9486-288d73c399ad">866</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i4ac43bc39538441fb793d28ba8db60d6_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:MortgageServicingRightsIncomeLossNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMzAtNC0xLTEtMA_5cd76d4a-d9fc-40f6-b8af-abb043b30849">18,608</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk management derivatives, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e01da42fc454e56b0cef583e869baf4_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:MortgageServicingRightsIncomeLossNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMzEtMi0xLTEtMA_87fff8bc-319c-4de0-972d-4ff40b4229c4">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9794d9d167f246d49406674e01f35859_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:MortgageServicingRightsIncomeLossNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMzEtNC0xLTEtMA_10b19f5a-c6bc-4444-b0cb-73443dfffd7d">13,966</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total other income </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8e88a2d220334046b489543722ee194f_D20210101-20210331" decimals="-3" sign="-" name="rwt:MortgageServicingRightsIncomeLossNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMzMtMi0xLTEtMA_3b543da0-c102-466a-9b1d-53864a8db1f5">866</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i19df292df6aa48e785bf650586623e90_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:MortgageServicingRightsIncomeLossNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMzMtNC0xLTEtMA_fc22211e-5b96-4647-a4e2-aedd6e437f49">4,642</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Market Valuation Gains (Losses), Net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:MarketValuationAdjustmentsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMzQtMi0xLTEtMA_ca86e00c-5c83-459e-b30c-34dbe3bee4e7">119,783</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:MarketValuationAdjustmentsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMzQtNC0xLTEtMA_aa419360-5d87-40bd-ba01-3e65c356eeb0">912,477</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">(1)</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt">Represents fair value changes on trading securities that are being used along with risk management derivatives to manage the mark-to-market risks associated with our residential mortgage banking operations.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">(2)</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt">Mortgage banking activities, net presented above does not include fee income from loan originations or acquisitions, provisions for repurchases expense, and other expenses that are components of Mortgage banking activities, net presented on our consolidated statements of income (loss), as these amounts do not represent market valuation changes.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt">Includes changes in fair value of the residential loans held-for-investment, REO and the ABS issued at the entities, which netted together represent the change in value of our investments at the consolidated VIEs.</span></div></ix:nonNumeric><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"><ix:continuation id="i35b802b121584cc7be0d03c433d266f3" continuedAt="idd5f4eda22234dceb50b609ab838c14b">(4)</ix:continuation></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt"><ix:continuation id="idd5f4eda22234dceb50b609ab838c14b">Other income presented above does not include net MSR fee income or provisions for repurchases for MSRs, as these amounts do not represent market valuation adjustments.</ix:continuation> </span></div></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">25</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 5. Fair Value of Financial Instruments - (continued)</span></div></div><ix:continuation id="i02cbe82a46744d40a710adae1741b370" continuedAt="i20f8cd4e55ae4f69b1e905f8e7f0ca82"><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, our valuation policy and processes had not changed from those described in our Annual Report on Form 10-K for the year ended December&#160;31, 2020. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfODg0NQ_8fb61291-c6e4-447a-8db9-4dd5855bdca7" continuedAt="i491b30d516c44dd98c1a5f5e55101f26" escape="true">The following table provides quantitative information about the significant unobservable inputs used in the valuation of our Level 3 assets and liabilities measured at fair value.</ix:nonNumeric></span></div><ix:continuation id="i491b30d516c44dd98c1a5f5e55101f26" continuedAt="i39058d551a4e4a81b3cac20487af5cbd"><div style="margin-bottom:9pt;margin-top:3pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.7 &#8211; Fair Value Methodology for Level 3 Financial Instruments</span></div><div style="margin-bottom:14pt;margin-top:8pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:24.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.761%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.261%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.466%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.261%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.483%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.538%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.488%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Input Values</span></td></tr><tr style="height:24pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands, except Input Values)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Unobservable Input</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Range</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Average</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Residential loans, at fair value:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Jumbo fixed-rate loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0ee3d98035cb4da7968ce0091d58c5b4_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNS0yLTEtMS0w_1235b92c-71bf-492a-bdae-cea5a85b59e0">422,819</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="icbdcb0fb2ba747cb9508fab8f4155c4a_I20210331" decimals="INF" name="us-gaap:LoansHeldForSaleMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNS02LTEtMS0w_2df44f02-1dd1-4068-b282-6c20dac5606d">20</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="ia2943ece51434b07bde22da81b160e1e_I20210331" decimals="INF" name="us-gaap:LoansHeldForSaleMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNS04LTEtMS0w_e0d14ce3-c17f-4d30-8730-c5408c8efa39">20</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i9a333eab9840489c82aa2a7cd59377c0_I20210331" decimals="INF" name="us-gaap:LoansHeldForSaleMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNS0xMS0xLTEtMA_6f4d526e-8be9-4332-a0f9-b0d05872a615">20</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Whole loan spread to TBA price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i4b5408b9b5034da8b37e9ebd5f0aa219_I20210331" decimals="INF" name="us-gaap:LoansHeldForSaleMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNi02LTEtMS0w_f3eba721-66a6-4674-b07c-0aeb7579eb94">3.75</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="ie485ee8d41ec4bf89d5cebf51c4c48ba_I20210331" decimals="INF" name="us-gaap:LoansHeldForSaleMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNi04LTEtMS0w_6baebbcb-c6c4-4d4d-8697-6f89e481ebec">3.75</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="ife4a9a19e61e4410990e31db9c851544_I20210331" decimals="INF" name="us-gaap:LoansHeldForSaleMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNi0xMS0xLTEtMA_7fc34287-6ea0-4b98-bee9-c2aba643b3f4">3.75</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Whole loan spread to swap rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i75864e80b25b497ba0560cf4150b8d5d_I20210331" decimals="INF" name="us-gaap:LoansHeldForSaleMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNy02LTEtMS0w_7f5d7338-2308-4787-85e4-1f3cec03cac6">250</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="if2744578eb4d4cd1a068ea57fe19c70e_I20210331" decimals="INF" name="us-gaap:LoansHeldForSaleMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNy04LTEtMS0w_bc72e75d-ce58-4c13-876c-77a41e8a27c5">250</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i51e767e2b9fc47808d7d1fc9c5dc9d18_I20210331" decimals="INF" name="us-gaap:LoansHeldForSaleMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNy0xMS0xLTEtMA_25c394e0-0d9e-46cd-a910-3736b0766c52">250</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Jumbo loans committed to sell</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibfa7d40c720a4d20bafa4f7371844161_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMTMtMi0xLTEtMA_8577d69d-daa7-4c71-9480-4b83f395b5cf">573,657</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Whole loan committed sales price</span></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i7b23e1d0b9304ed2a2c7a738dafa88e5_I20210331" decimals="2" name="us-gaap:LoansHeldForSaleMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMTMtNi0xLTEtMA_085c365c-c1c9-48fa-9b8c-80bdf961b9a0">100.68</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i678fff1b0ab7458db531039d0f9b3d28_I20210331" decimals="2" name="us-gaap:LoansHeldForSaleMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMTMtOC0xLTEtMA_a5a06536-09cb-4a02-ad89-74db0a19493e">103.28</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i8bfebd39ebf74475946be66d85fdf4c8_I20210331" decimals="2" name="us-gaap:LoansHeldForSaleMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMTMtMTEtMS0xLTA_ea722f51-9f5f-4c05-8ed8-cc2685e4373e">101.50</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loans held by Legacy Sequoia </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iddb67c4cfb9b456ab539bb8767f2e1a5_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjAtMi0xLTEtMA_c4eb3eaf-4b68-47e2-bc24-e2e17f65aeed">274,861</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Liability price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loans held by Sequoia Choice </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i29fdfd2c858c4bda906eec4fd4c96fb6_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjItMi0xLTEtMA_56fa7fc4-aff3-4b9e-98f8-5ea86510ce0f">1,276,112</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Liability price</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loans held by Freddie Mac SLST </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idec18207f874420fbfb5e9e36e7165d7_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjQtMi0xLTEtMA_ab0007d0-47f2-4e05-8a5e-7f10361779cc">2,154,351</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Liability price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Business purpose loans:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Single-family rental loans</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1c8d373b310b467ea1cdc991c0bec57d_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjctMi0xLTEtMA_47bd3443-5b9f-4341-8c85-82b46325fa4f">333,110</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Senior credit spread</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i8a62f83a22d341ff8b06826b382575e3_I20210331" decimals="INF" name="rwt:LoansReceivableMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjctNi0xLTEtMA_39f8e85d-6cee-4b28-b057-0a9a60247c96">75</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="iae8924b817a84204ad9675d14e756fa8_I20210331" decimals="INF" name="rwt:LoansReceivableMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjctOC0xLTEtMA_18f4bd18-46d1-4efa-af63-1cebbccc56c4">75</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i418060995dbb47188dae861fee9eb5e8_I20210331" decimals="INF" name="rwt:LoansReceivableMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjctMTEtMS0xLTA_8618bdea-95b3-4b15-b581-803747aa1140">75</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Subordinate credit spread</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i9962ebf7845f400b82c2ccb33d6b6639_I20210331" decimals="INF" name="rwt:LoansReceivableMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjgtNi0xLTEtMA_b22babaa-0e39-4ed6-961f-436448d2bf63">120</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i51ef20c02f424ad493e25f1dc5e8450c_I20210331" decimals="INF" format="ixt:numdotdecimal" name="rwt:LoansReceivableMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjgtOC0xLTEtMA_360c42f1-0a5e-4e75-9652-a4b298ae82b2">1,598</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i17192ee05247424cb8b5813a1862eace_I20210331" decimals="INF" name="rwt:LoansReceivableMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjgtMTEtMS0xLTA_e85cf50c-7fd9-48fe-b359-ef5773324cf4">312</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Senior credit support</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i7e4dd59b244445ccbea49b26bcbcba5c_I20210331" decimals="2" name="rwt:LoansReceivableMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjktNi0xLTEtMA_00f4bfd8-b472-447f-a56f-a333bfa1bbf6">33</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i684823efbdb2469b9c2e1dbc3dfe28eb_I20210331" decimals="2" name="rwt:LoansReceivableMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjktOC0xLTEtMA_fdd0dfa8-b995-4c09-9fa6-6b2a71117912">33</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="iecd6f97fd78b477ca11e1bd32b36faff_I20210331" decimals="2" name="rwt:LoansReceivableMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjktMTEtMS0xLTA_03830f17-43db-4f01-b595-819dac6f5526">33</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">IO discount rate</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i03d29512e8fb486ea37c82a19a36cccd_I20210331" decimals="2" name="rwt:LoansReceivableMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzAtNi0xLTEtMA_313e1799-2e44-4324-afa5-ec968779cbae">7</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i020799ab96b94e0aa3aac3a4832b5e54_I20210331" decimals="2" name="rwt:LoansReceivableMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzAtOC0xLTEtMA_40a89aa5-a7d4-4e2f-b99d-a70589b7e5eb">10</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ic6d0acd4f7784cbaac020cbfba22d7f9_I20210331" decimals="2" name="rwt:LoansReceivableMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzAtMTEtMS0xLTA_7e3471c7-cf22-4f6a-87db-8dfe987c2b58">8</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="icff1167759144b98a0a8e5cbb52c4d7e_I20210331" decimals="2" name="rwt:LoansReceivableMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzEtNi0xLTEtMA_978850e6-97b2-4965-a582-7200b5a32fbf">3</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i8192c5448cb54790b3122af2590299da_I20210331" decimals="2" name="rwt:LoansReceivableMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzEtOC0xLTEtMA_6bc884cc-2184-4526-86e6-3af2d5b1435e">3</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i490086439f054bf88407d7f7f68cac58_I20210331" decimals="2" name="rwt:LoansReceivableMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzEtMTEtMS0xLTA_bb41fd25-8bd3-4f34-a995-2c7eb7befff8">3</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Non-securitizable loan dollar price</span></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ifcd0600cbfe840c7a1b12f8e47f41296_I20210331" decimals="2" name="rwt:LoansReceivableMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzItNi0xLTEtMA_0025197c-7b29-41ad-98d3-d1c4e918eaa8">86</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i868b4bb6ebe748ef870df6604f310630_I20210331" decimals="2" name="rwt:LoansReceivableMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzItOC0xLTEtMA_4c9844d6-0302-4d42-8c65-b9057376500c">102</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i397d263a8f764353863c46d708355ebc_I20210331" decimals="2" name="rwt:LoansReceivableMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzItMTEtMS0xLTA_ebda184e-e674-4c13-b487-8a5268b8a367">99</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Single-family rental loans held by CAFL</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie4fbd53d51ae4d3da6d11bac17706b9d_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzQtMi0xLTEtMA_1000943d-8213-4fea-be3a-53929dec6ebd">3,212,526</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Liability price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Bridge loans</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id912454a936643afab07a01fabc14d9b_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzYtMi0xLTEtMA_5afa8734-3b01-451d-bf6b-25d3f36b86d3">626,484</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i7c6e31a9247b4e8794e291cdb22d1d70_I20210331" decimals="2" name="rwt:LoansHeldForInvestmentMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzYtNi0xLTEtMA_5271f142-43de-42c0-839e-d614b64b13ca">6</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i0226f25d64af423a908e4e1305030b0e_I20210331" decimals="2" name="rwt:LoansHeldForInvestmentMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzYtOC0xLTEtMA_3517e9bc-a183-47b4-8ad3-3edd9de2129b">15</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i5ca34874202c47e685ab6631b5cdd6a7_I20210331" decimals="2" name="rwt:LoansHeldForInvestmentMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzYtMTEtMS0xLTA_c86845e2-24ac-42de-b4a9-afaa8188950a">8</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:125%">Multifamily loans held by Freddie Mac K-Series </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:125%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i82ab6b4223b44ae0a81344a41f1476ff_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansReceivableFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzktMi0xLTEtMA_9364f55f-e432-4d74-9ac8-14f692809858">489,545</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Liability price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Trading and AFS securities</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4567e7c1ff584831a73e3d96b7bdb140_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDMtMi0xLTEtMA_edf3404c-7157-43ee-8db6-47ba0f00f3e0">364,320</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i92e3784a2fde42c2ae02c1f22a15df82_I20210331" decimals="2" name="rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDMtNi0xLTEtMA_68fbafa1-7fb4-4ad8-9746-30ac7d8471cb">3</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i78614cf4472344a285dd0b71b2ae61ff_I20210331" decimals="2" name="rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDMtOC0xLTEtMA_da7d3b89-747b-4a6a-9ed3-be4b4bc2c875">27</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i143f9c522ab347f1bbabc31229c62cf8_I20210331" decimals="2" name="rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDMtMTEtMS0xLTA_2de6679e-e36e-46c8-a24f-bc728ad6e6a1">8</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i5d785b8f6d1f473cb72541c54dd839bd_I20210331" decimals="2" name="rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDQtNi0xLTEtMA_2fca6a0d-3db6-4884-8a02-f3a73e803722">7</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i3c5d08a512fb4472aa074948714c6701_I20210331" decimals="2" name="rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDQtOC0xLTEtMA_7c0ae6ae-2564-4ca9-9e8f-825a5cb4e8b1">65</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ic126ef854e284adf8b73200e75c0c0e1_I20210331" decimals="2" name="rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDQtMTEtMS0xLTA_3a8c62de-4b63-4916-ba02-608592533424">28</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Default rate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="idff4a4744f924459a5672bbe8e08c7c8_I20210331" decimals="2" format="ixt:zerodash" name="rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDUtNi0xLTEtMA_8a45d35f-2370-4b1c-a6aa-740aaa03e81f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i69b5ca172a5f40839ffd983d2b26503e_I20210331" decimals="2" name="rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDUtOC0xLTEtMA_52d41473-66a8-44e8-985c-764122c108a5">25</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i2ae6e3329b274b48a1ecf047f2cacb54_I20210331" decimals="2" name="rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDUtMTEtMS0xLTA_8386d931-52a1-477b-a785-2d5f8afc1105">4</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i699aa63924d54fa597ab071bf67a48f0_I20210331" decimals="2" format="ixt:zerodash" name="rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDYtNi0xLTEtMA_f9846dac-07c1-4993-abd0-6ca4748d2f36">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i8e1283db113d4630bd2f571c19c4116b_I20210331" decimals="2" name="rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDYtOC0xLTEtMA_8416808f-3a56-42e6-8ce1-4426905028c9">50</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="iac78202e18c24ed79f3b0c1c41cdfde4_I20210331" decimals="2" name="rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDYtMTEtMS0xLTA_2e7b25b8-45b9-4f15-85dd-c0ce60dbca30">20</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">CRT dollar price</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ib24b86f2b4454f56806465dff653dad6_I20210331" decimals="2" name="rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDctNi0xLTEtMA_d270fb1a-44a2-4d3f-88eb-124c151f4e9f">90</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ic2d48f3c9a144b5f965119a0306f2940_I20210331" decimals="2" name="rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDctOC0xLTEtMA_5e39065b-c97a-4105-ba07-e174e5d50d41">112</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i45efa44df7504bc6a7e1c5def2a597aa_I20210331" decimals="2" name="rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDctMTEtMS0xLTA_4921cd3a-ee13-4bd3-ad32-318b4c58459c">98</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifdd05b0e653a49e9afdb552c47a636a2_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDktMi0xLTEtMA_d0cb610b-bac8-4c30-805a-f987faf23d34">206,525</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i215dd190deea459583e7e29a448045f2_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDktNi0xLTEtMA_981939fa-eb05-442f-9d63-3588c48abd6d">3</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i44d7b4c63b15424f9097781c0e7ec02d_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDktOC0xLTEtMA_2ddb2562-24ca-423e-be7b-0699cef9a833">3</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i3dae92249c6d4eeababe9ceaa9cc95a8_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDktMTEtMS0xLTA_2aec0d52-6f7e-4313-b1f7-fc892d4616f7">3</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i8ec7951f03914b30980f2098b809e5ec_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTAtNi0xLTEtMA_243a426f-13ad-4bc5-8109-ac8b64d4c812">20</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ie7730bfa91fb4b05920ea6819706215e_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTAtOC0xLTEtMA_f734a88e-58b8-4cd7-be68-3479cd3d6318">30</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i3815dbd2c42c46ddb7cb7a462154cf19_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTAtMTEtMS0xLTA_aaa7ae25-f7cb-4bd3-b5a9-28be47af0d2c">20</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Expected remaining life </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i57ac027037d54bbf8a68d12f5031b907_D20210101-20210331" format="ixt-sec:duryear" name="rwt:ServicingAssetExpectedRemainingLife" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTEtNi0xLTEtMA_eced3904-64a4-4ef7-9ac1-99da745e3ac5">4</ix:nonNumeric></span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i5d1efaca097c447d96e09ede5c8eaff6_D20210101-20210331" format="ixt-sec:duryear" name="rwt:ServicingAssetExpectedRemainingLife" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTEtOC0xLTEtMA_e8872e8c-9ae6-462e-a9ef-91ae4d374302">4</ix:nonNumeric></span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">years</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="id76db041723648ccba8adfd0332fc782_D20210101-20210331" format="ixt-sec:duryear" name="rwt:ServicingAssetExpectedRemainingLife" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTEtMTEtMS0xLTA_4dc1cd7e-57f2-432a-951a-c3a51acfa84d">4</ix:nonNumeric></span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">years</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Mortgage servicing income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i2f0a006c820d420891b5263b7f55044d_I20210331" decimals="INF" format="ixt:zerodash" name="us-gaap:ServicingAssetMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTItNi0xLTEtMA_8c53e43b-9497-4dfb-b584-95050bdd3eb2">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i968f1888201d4e76986fc5c083e9cbf7_I20210331" decimals="INF" name="us-gaap:ServicingAssetMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTItOC0xLTEtMA_9dea2d69-be4e-4b43-930d-a2f448f01ef0">14</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i2d2db33889bc4949a597babdc29e878f_I20210331" decimals="INF" name="us-gaap:ServicingAssetMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTItMTEtMS0xLTA_ce3c2655-d691-4079-84ba-9be46229f037">8</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">MSRs</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia863a4ea907945e4985e729e98137856_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTQtMi0xLTEtMA_88b7c8e4-562e-47e1-a212-962c83ddd88b">7,945</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i0a1094e2805646d4b70fbae0c6d12812_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTQtNi0xLTEtMA_8fabb090-1443-4546-9d72-a9dcf619cd51">12</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ibefabf92a45140b583e6903e20ceb90a_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTQtOC0xLTEtMA_7788a33f-c37a-4c2c-97ee-96551c6f2ee8">12</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i8e985582b19042e9b0a9fdb29f44a7d0_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTQtMTEtMS0xLTA_56259139-3249-48a6-8dff-26380ae58adc">12</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i6214548988654f8f8fb7e3b28229153b_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTUtNi0xLTEtMA_03613543-cd44-4c88-85e1-5343e68731a6">9</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i6053e3732a8040fc9a6a8d4077c5bfd1_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTUtOC0xLTEtMA_cc810058-ee19-4282-ae33-675ac89df5ff">100</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ib31a96f073fa4e9d8d7f45391c18de8c_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTUtMTEtMS0xLTA_d9d26c11-867f-440d-a77d-2e7a9921dde0">39</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Per loan annual cost to service</span></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="ia7f5faca14884778bf9e05a519edf4e5_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTYtNi0xLTEtMA_f9b9faad-759b-4ba2-b31e-bf6c1b78ddf0">97</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i95ff9c378bbd4d64bf5eec8913aca1bf_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTYtOC0xLTEtMA_6e7c5a3f-fcb1-432c-a174-61275ee7d210">97</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i50e08af1537d41229805777dfc5725bf_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTYtMTEtMS0xLTA_88aa1ea6-cb0a-410d-adc0-a03e477ac74c">97</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia34e5b2765934a8caca5d6560b7325f0_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTgtMi0xLTEtMA_67fe1c10-ac4f-490e-a19f-69694c5b0df3">32,465</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i4d0eea414bb54b489fb2911b083ef258_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTgtNi0xLTEtMA_898ac4b7-b375-4ef8-8848-02fbe130bd24">14</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i6c5a6067b08a4d14a278b24422fb5992_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTgtOC0xLTEtMA_658c79a6-c654-4153-bdc9-c9d169afedb6">17</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i138a9816039c442f906fd29a3900c79e_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTgtMTEtMS0xLTA_e8eb3d5d-6193-4897-baf0-dde31b63923c">16</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="if21a348b2949475f984a6877eb1cfe04_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTktNi0xLTEtMA_79cefdaa-9140-4d6e-be27-9a64bd2d4260">20</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i53205fa8204540f9aa956681d9589673_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTktOC0xLTEtMA_97869a20-45ed-4190-aa70-7be855c6ee9c">28</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ie8bd3b79ccd8405a807b0eed61b7dfab_I20210331" decimals="2" name="us-gaap:ServicingAssetMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTktMTEtMS0xLTA_1a583254-42af-4e05-9cce-0e63991c915b">23</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Excess mortgage servicing income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="id3b7b86ea6ea4cc1bc6d1811f662ed42_I20210331" decimals="INF" name="us-gaap:ServicingAssetMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNjAtNi0xLTEtMA_2eb75bca-3311-4967-b04b-f19f3584d3a4">8</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i8c3ce7463dff4cc088969a83401004b7_I20210331" decimals="INF" name="us-gaap:ServicingAssetMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNjAtOC0xLTEtMA_3159e653-a5f2-4781-a89c-59374f1eaede">17</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="ia1ae828c392744de9860f2cd85f127c7_I20210331" decimals="INF" name="us-gaap:ServicingAssetMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNjAtMTEtMS0xLTA_4a5b1f65-6d8b-409b-9a7d-a2a1041498d3">11</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div></ix:continuation></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">26</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 5. Fair Value of Financial Instruments - (continued)</span></div></div><ix:continuation id="i20f8cd4e55ae4f69b1e905f8e7f0ca82" continuedAt="i8b97ef6962b54300bbb2980400fc09be"><ix:continuation id="i39058d551a4e4a81b3cac20487af5cbd" continuedAt="iad251489c888456394c4ec3ff60256f5"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.7 &#8211; Fair Value Methodology for Level 3 Financial Instruments (continued)</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:24.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.761%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.261%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.466%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.261%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.483%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.538%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.488%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Input Values</span></td></tr><tr style="height:26pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands, except Input Values)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Unobservable Input</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Range</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Average </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets (continued)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i054a7222e5b2414aabfc40a8dfae03dc_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:HomeAppreciationOptionsFairvalueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTEtMi0xLTEtMA_ca3c198d-00c0-4100-95c3-300b8abc1484">45,823</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ida922bf88c444fd3b07c1378f2051fda_I20210331" decimals="2" name="rwt:HomeAppreciationOptionsMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTEtNi0xLTEtMA_f7db8716-faa4-4db6-826f-fa11e1dbe0cc">13</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i7732371e1f3342d092c8f846ffe748b7_I20210331" decimals="2" name="rwt:HomeAppreciationOptionsMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTEtOC0xLTEtMA_d216d9ea-27b8-44b1-9778-5787f191a039">13</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i9213504683e840bfa33ca45408a91e8c_I20210331" decimals="2" name="rwt:HomeAppreciationOptionsMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTEtMTEtMS0xLTA_518dd83b-7329-4347-8f19-af9077185fc2">13</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="id83c1c99c05c4df2801c3d95180d76d1_I20200331" decimals="2" name="rwt:HomeAppreciationOptionsMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTItNi0xLTEtMA_523dac95-0c18-4c79-8b4a-cd2c37741123">14</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i3b03111b8a864af187a582358d1b7cbd_I20200331" decimals="2" name="rwt:HomeAppreciationOptionsMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTItOC0xLTEtMA_6169c400-d852-4940-ae9c-bfc3de7a2cf4">24</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i10adb3b5859548198bc0babc16a059c4_I20200331" decimals="2" name="rwt:HomeAppreciationOptionsMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTItMTEtMS0xLTA_7d90f9ea-b21e-4ebc-b01a-7b3bc8c4baf8">17</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Home price appreciation</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ibcef6a9069984d4f9ceb53b1374930ca_I20200331" decimals="2" name="rwt:HomeAppreciationOptionsMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTMtNi0xLTEtMA_3b4aa428-c117-49f6-841d-2a050bb8f9c8">3</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ief4dfcfff1ac499fa7b87d31e9eed9a6_I20200331" decimals="2" name="rwt:HomeAppreciationOptionsMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTMtOC0xLTEtMA_472e9031-fd06-4f40-8638-8927bc64b754">4</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i5a054cdbec364536ae0c31e23cc4a77a_I20200331" decimals="2" name="rwt:HomeAppreciationOptionsMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTMtMTEtMS0xLTA_91cd2500-d9b5-4820-b048-d767805ad6d2">3</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">REO</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie9e2431273f2441883c2a904844710e6_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherRealEstate" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTgtMi0xLTEtMA_fb59ee08-b9c1-4c68-bf01-c0bd8ea76293">1,316</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i86ae115dc2114fc9b494660e928c1db5_I20210331" decimals="2" name="us-gaap:OtherRealEstateOwnedMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTgtNi0xLTEtMA_e5e4f2c4-0e9e-4c92-8f87-251a3deeffdb">4</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ie4fa64084a1e4850a2118666dcd30fc2_I20210331" decimals="2" name="us-gaap:OtherRealEstateOwnedMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTgtOC0xLTEtMA_d282db41-2898-4003-9970-002d9f5cf4dc">53</ix:nonFraction> %</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i3ea305994bed4986a38198bf6598a414_I20210331" decimals="2" name="us-gaap:OtherRealEstateOwnedMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTgtMTEtMS0xLTA_f5d0b905-e7e3-4d5f-8191-401412739ee1">25</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Residential loan purchase commitments, net </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic28a18ea6fe74c08807287a6d10870e7_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanPurchaseCommitmentsFairValueDisclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzItMi0xLTEtNTQ3NQ_d4b0b80a-f8a6-4071-9fa9-74190b58d77d">33,942</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Committed sales price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i69ece40963d844bc9ed5e46082474b26_I20210331" decimals="2" name="us-gaap:DerivativeLiabilityMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzItNi0xLTEtNTQ3NQ_f38033b9-0d19-4335-9726-3373aebdc950">98.53</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ice05681b595f4abeaad4e319e0ddec41_I20210331" decimals="2" name="us-gaap:DerivativeLiabilityMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzItOC0xLTEtNTQ3NQ_df209cff-da4e-475f-9aef-9e12ebb2d781">102.15</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="id824f289f5854d9982e9c8b768daf87b_I20210331" decimals="2" name="us-gaap:DerivativeLiabilityMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzItMTEtMS0xLTU0NzU_9747f66e-ee3c-4039-baaa-269db4bdb479">100.13</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Pull-through rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i626549e91c814b36900ace37b88df775_I20210331" decimals="2" name="us-gaap:DerivativeLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzMtNi0xLTEtNTQ3NQ_2e06b25a-ea6e-4c8f-bce2-5ed41c8a72a1">22</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i42c9cf240d1540da845a07ceb8fd0179_I20210331" decimals="2" name="us-gaap:DerivativeLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzMtOC0xLTEtNTQ3NQ_77aefdcc-b843-4140-9a4d-cf7303e358d1">100</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i79c96b5891f3499293f790c18fd45382_I20210331" decimals="2" name="us-gaap:DerivativeLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzMtMTEtMS0xLTU0NzU_f1f08662-bb37-4388-bb4e-af6950f195e5">76</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Whole loan spread to TBA price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="if82680b8eb4c4a97a6df10fb75845ca6_I20210331" decimals="INF" name="rwt:LoansReceivableMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzQtNi0xLTEtNTQ3NQ_f202a3fa-ecbb-4fbe-883e-6388d8017229">3.75</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i7112ee23e6e0446d8b93b4f26581fe56_I20210331" decimals="INF" name="rwt:LoansReceivableMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzQtOC0xLTEtNTQ3NQ_5be9d046-0cf7-4c83-9343-59a1b9d1e25e">3.75</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="ic12e10fec58540c09080d2b66c9bfe59_I20210331" decimals="INF" name="rwt:LoansReceivableMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzQtMTEtMS0xLTU0NzU_6cc26a09-d6eb-49e9-8db1-81968992490b">3.75</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Whole loan spread to swap rate </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="idf8f33b191f04c058836ffbcf28be1ae_I20210331" decimals="INF" name="rwt:LoansReceivableMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzUtNi0xLTEtNTQ3NQ_9ec2d924-e9b8-4506-b52a-8dd5ba0854fb">250</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i26d46ecdd68e49ffb164dbada15f3c58_I20210331" decimals="INF" name="rwt:LoansReceivableMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzUtOC0xLTEtNTQ3NQ_ee24f064-091b-4ebf-84ee-ae366e4f7e69">250</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i2b9942a55eb84be68da93df7931969ee_I20210331" decimals="INF" name="rwt:LoansReceivableMeasurementInput" scale="-4" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzUtMTEtMS0xLTU0NzU_836630f8-2748-48e1-9eb8-a86b6afcc4de">250</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">bps</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i6c3fd2b941a14426bea30014e994d5d9_I20210331" decimals="INF" name="rwt:LoansReceivableMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzYtNi0xLTEtNTQ3NQ_b40d7766-3bf4-4c45-9b96-1a15149b54bf">20</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i9fd5a2aa9f144a339872e9468900b690_I20210331" decimals="INF" name="rwt:LoansReceivableMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzYtOC0xLTEtNTQ3NQ_a400983d-b3e8-4aa8-98f1-675259428a96">20</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i62bcd27fea224f64b8785ee87e0cc89b_I20210331" decimals="INF" name="rwt:LoansReceivableMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzYtMTEtMS0xLTU0NzU_8449299d-b270-43b7-947c-b554dd1c6245">20</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">MSR multiple</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="ia20e4788e83845e3a57acfaf595afa63_I20210331" decimals="INF" format="ixt:zerodash" name="rwt:LoansReceivableMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzctNi0xLTEtNTQ3NQ_e69a07ae-4079-47be-87a4-8b92190d541f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="i088f6cc404364382b8d1f40f09c6bea9_I20210331" decimals="INF" name="rwt:LoansReceivableMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzctOC0xLTEtNTQ3NQ_758659f2-f07c-4e99-9189-3c74fd1ac1f2">3.8</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">x</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerLoan" contextRef="ia19026e6cad04e12aa38ed2b2ece068e_I20210331" decimals="INF" name="rwt:LoansReceivableMeasurementInput" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzctMTEtMS0xLTU0NzU_fab2d3b4-63f6-4407-afd1-d8d228ea21e6">2.8</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">x</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">ABS issued </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">:</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">At consolidated Sequoia entities</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib56752672d8e4f2b814e37b33e12b4d0_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingLiabilityAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzYtMi0xLTEtMA_e86e6301-d90f-4aaa-8e5a-0ef85f794f41">1,325,920</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="icc6d718df1144507ace50bf74fe3515f_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzYtNi0xLTEtMA_46c3b38a-c5e9-43a9-8597-7227aa1519a4">1</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="icddbf733ee254c36a4fad6d5a2a5bb2f_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzYtOC0xLTEtMA_1744456f-f8dc-4f15-92c7-8848d0ce4ad4">19</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i7d0d561ca8e246ebbe514f51fcd08955_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzYtMTEtMS0xLTA_2e3b3a7a-b2f9-468e-9989-12f9f1906006">3</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;% </span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i8fc32305fc8348c5b4feb4b8c72749fe_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzctNi0xLTEtMA_b617f4c9-8088-416b-8b37-58a68bc5ef3a">8</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i73be6b5881ca4ec0b40fd17fed932507_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzctOC0xLTEtMA_a304c23a-c955-4af1-8acc-de7851019b44">54</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="idd24fb4d10504b42a5a5698dfb61c3cb_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzctMTEtMS0xLTA_1f941c66-d87f-4e4b-a759-0ebeab5238ea">31</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Default rate</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="idf4baaa9b6a647aab31b3beac9787fd2_I20210331" decimals="2" format="ixt:zerodash" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzgtNi0xLTEtMA_a4383ca4-b715-44b3-89f7-c574e040cfa4">&#8212;</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i43d2a1eacd3d4b089549442c45c3e488_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzgtOC0xLTEtMA_d3bf56f2-3bc3-429c-8c68-cd6bee513947">31</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="idf943e051b434fabae25951311db0f73_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzgtMTEtMS0xLTA_488fee9f-7b42-403f-bbd6-297b8420eb7b">2</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i4c50b95486034024b5f964819219e06c_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzktNi0xLTEtMA_5135defd-adb0-49c5-8d2c-1228e1c7ac6f">30</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i83c1e13f88a74c0fb18eb402f0e98058_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzktOC0xLTEtMA_fbc45dd8-f4ed-474d-874e-58d8f4a73bc0">50</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="idf7eed3315d04cc3ae29073ea291236c_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzktMTEtMS0xLTA_8e93a55d-9a3c-4b49-8d34-be64957ba8c0">32</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">At consolidated Freddie Mac SLST entities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if532c95c599b4ebfa8cdf5a3a90869cc_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingLiabilityAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODEtMi0xLTEtMA_4be2a178-0012-4fcc-b8a5-83f2ba5314a5">1,725,235</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i0f5beeef6664451eb5f5f9e98c80d849_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODEtNi0xLTEtMA_7cdaf909-23c2-407f-8675-c13b95e335f9">1</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i0634924bbc4c451da3dc2016f4fc3399_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODEtOC0xLTEtMA_01ee992f-11b6-4195-b56e-6072924ce4ff">7</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i86b1f57b7cca41d789bfe5a753f08db9_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODEtMTEtMS0xLTA_f40bae6a-c2d8-4bc3-8cbd-8a8be05ba35e">3</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ia5dafa8594d84c7aa3c291185ac1194f_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODMtNi0xLTEtMA_0b94e97b-10c0-4352-9170-e54c8a843944">6</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i79da4495db5f49e68548a53d2584eef4_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODMtOC0xLTEtMA_e7c3c2d5-7dce-438a-b2fa-a21eba10681d">8</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ida5377ba9926497faa4dff45f300b2a4_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODMtMTEtMS0xLTA_c17b679f-18c9-454f-bee2-9ee6ed612a75">6</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Default rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ibbe9c349f1ac4876b536baf1749dac72_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODQtNi0xLTEtMA_f75b33c5-d4e2-46da-9bab-bfc75fc12619">6</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i1d2cdd046eda42faa69bc22273446d63_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODQtOC0xLTEtMA_9b716e26-1504-4c47-b98e-1daabdbb60b9">12</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i8ddf612d08394ea1bfb26b41c0fe448a_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODQtMTEtMS0xLTA_6e3f3562-f2a5-4c4e-af71-c0ac2a2ac29f">8</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i5ac9e0b6ed574cfb821956a727b08c08_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODUtNi0xLTEtMA_98903089-00d8-4469-9184-67b81db7cb2f">35</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i7b293504a2de4d6fa3ea7e1b84f1ba68_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODUtOC0xLTEtMA_1c30f7f4-1cb2-4966-9272-ef140b448126">35</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ic1b869ac33654db1afaffc64951b5be9_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODUtMTEtMS0xLTA_cc60774b-214f-4a2d-8d33-4002513c073a">35</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">At consolidated Freddie Mac K-Series entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2fc011be0b57456e80f0e8068e8e2e34_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingLiabilityAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODctMi0xLTEtMA_26c52a08-e688-4241-9a32-048928453128">460,565</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i036ad4465f95491bbdb0a7a033eeab31_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODctNi0xLTEtMA_93f2c571-0ee6-49df-831d-5502460fe82d">1</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i021cbbe0a5234298aa27a08a2d76618d_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODctOC0xLTEtMA_8e7ea98a-8d10-4fe0-a84b-f43cef720069">10</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ia730b20a8c4e453fb6d73676544adcf7_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODctMTEtMS0xLTA_60490c75-fa97-4926-82c3-94a123ba99ee">2</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;% </span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">At consolidated CAFL entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i80dd805bbce04f24ae22780ed278cb82_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingLiabilityAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTMtMi0xLTEtMA_07ddd4ae-fa87-40e2-96cc-e51525327d79">2,963,752</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i2069819a7e9c4679a8c670bae4d3c646_I20210331" decimals="3" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTMtNi0xLTEtMA_38291074-5846-4403-9b1d-84127333c11e">1</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ib361b839a722473abb758ef34541830a_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTMtOC0xLTEtMA_023c24a1-5fb7-4be1-9372-c66f2f4a488c">20</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i499ed350efbb4176be0a5d4ac19b775c_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTMtMTEtMS0xLTA_78643dda-c648-486c-8729-50ff6dd76b03">3</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i57b2d81a7c9e4cf68c6ce2be2a8779e3_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTQtNi0xLTEtMA_ee091b13-4ad6-40ef-9bf5-e3ceb40b97e7">3</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="iae569abba44e4142ae30455c462f8da7_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTQtOC0xLTEtMA_560a1b4e-ec2c-4653-9d24-3f76156d937a">3</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ie14cc4e439214a81a4664058bf9eb066_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTQtMTEtMS0xLTA_408ee523-3f18-43d3-9dc1-aeb7d889bff9">3</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Default rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i6def34246e5547f5aa7c02862067a1ea_I20210331" decimals="3" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTUtNi0xLTEtMA_304f1a7d-5b21-424d-914c-d60b3752bac1">3</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i5e6dc7582f5d4f3f9d89ee24d2655fdd_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTUtOC0xLTEtMA_1a51e858-5306-41cf-8614-09fdbf560a1a">17</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ic06b99e1db364104b6f9067fbd70d81a_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTUtMTEtMS0xLTA_a0be8f80-86f8-48b8-ba47-173ed5010656">11</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ib3a3be262f534043bab22d3ee12951b4_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTYtNi0xLTEtMA_41a96b5f-8fe5-43af-8b9f-13ee04600abb">30</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i6ffda7563a964e9a93eedcc659cf8f9a_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTYtOC0xLTEtMA_82386503-6d34-4e40-8442-5a927e709415">30</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i3f40db9fad644b7598fc1b3de453fc3d_I20210331" decimals="2" name="us-gaap:ServicingLiabilityMeasurementInput" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTYtMTEtMS0xLTA_2ca822ca-e6cd-477c-9ec2-c94501638cc9">30</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The weighted average input values for all loan types are based on the unpaid principal balance. The weighted average input values for all other assets and liabilities are based on relative fair value. </span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities. At March&#160;31, 2021, the fair value of securities we owned at the consolidated Sequoia, Freddie Mac SLST, Freddie Mac K-Series, and CAFL entities was $<ix:nonFraction unitRef="usd" contextRef="i29fdfd2c858c4bda906eec4fd4c96fb6_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfNzQ1Mw_0305eec5-5dc7-4fa4-8f84-b20847167c2a">226</ix:nonFraction> million, $<ix:nonFraction unitRef="usd" contextRef="idec18207f874420fbfb5e9e36e7165d7_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfNzQ1Nw_374ad096-1295-4807-b918-3a2afdada6a2">431</ix:nonFraction> million, $<ix:nonFraction unitRef="usd" contextRef="i82ab6b4223b44ae0a81344a41f1476ff_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfNzQ2MQ_5504eb6c-d3ac-4e47-b69b-47ffc8d165c3">29</ix:nonFraction> million, and $<ix:nonFraction unitRef="usd" contextRef="ie4fbd53d51ae4d3da6d11bac17706b9d_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfNzQ2OQ_002c4a7b-a95d-4e98-a699-25c3ee085b97">261</ix:nonFraction> million, respectively.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:8.68pt">Represents the estimated average duration of outstanding servicer advances at a given point in time (not taking into account new advances made with respect to the pool). </span></div></ix:continuation><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"><ix:continuation id="iad251489c888456394c4ec3ff60256f5" continuedAt="i82c1e3aefa42453d977e567bef0170ef">(4)</ix:continuation></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"><ix:continuation id="i82c1e3aefa42453d977e567bef0170ef">As a market convention, certain securities are priced to a no-loss yield and therefore do not include default and loss severity assumptions.</ix:continuation> </span></div><div style="margin-top:12pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Determination of Fair Value</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We generally use both market comparable information and discounted cash flow modeling techniques to determine the fair value of our Level 3 assets and liabilities. Use of these techniques requires determination of relevant inputs and assumptions, some of which represent significant unobservable inputs as indicated in the preceding table. Accordingly, a significant increase or decrease in any of these inputs - such as anticipated credit losses, prepayment rates, interest rates, or other valuation assumptions - in isolation would  likely result in a significantly lower or higher fair value measurement.</span></div></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 5. Fair Value of Financial Instruments - (continued)</span></div></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><ix:continuation id="i8b97ef6962b54300bbb2980400fc09be" continuedAt="i22a6632c25ff4ec8b1ee84ddf90b1a71"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Included in </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 5 </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">to the Consolidated Financial Statements of our&#160;Annual Report on Form 10-K for the year ended </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">December&#160;31, 2020</span></ix:continuation><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="i22a6632c25ff4ec8b1ee84ddf90b1a71"> is a more detailed description of our financial instruments measured at fair value and their significant inputs, as well as the general classification of such instruments pursuant to the Level 1, Level 2, and Level 3 valuation hierarchy.</ix:continuation> </span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_49"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 6. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RleHRyZWdpb246ZmFlNjkzOTI0MjA4NGQ1OWJhYjQxZmY3MzNiZDY0NzBfMzI0Mg_9d60b179-0b6b-4b20-937a-a68df8c0232d" continuedAt="i01efe34fd2214b97ae4b9a542c57828c" escape="true">Residential Loans</ix:nonNumeric></span></div><ix:continuation id="i01efe34fd2214b97ae4b9a542c57828c" continuedAt="id5e41fd7dce7457da4ce4fa56925a0c8"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We acquire residential loans from third-party originators and may sell or securitize these loans or hold them for investment. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:CarryingValueOfLoansTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RleHRyZWdpb246ZmFlNjkzOTI0MjA4NGQ1OWJhYjQxZmY3MzNiZDY0NzBfMzI1NA_12051e60-3d17-4137-912c-fcbbbe873c77" continuedAt="if58fcbf2c61b4f53a76ee878b5a00148" escape="true">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 March&#160;31, 2021 and December&#160;31, 2020.</ix:nonNumeric></span></div><ix:continuation id="if58fcbf2c61b4f53a76ee878b5a00148" continuedAt="icd549ec2aaff4b25894323cf1d52455f"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.1 &#8211; Classifications and Carrying Values of Residential Loans</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:29.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.099%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i01bd1f77c36e4c158ddb8b15b2b48e65_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMi0yLTEtMS0w_b01558c0-1ff1-4712-bb04-7937084a59d5">996,512</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i26911f6bd02746578dcc1a41ceeab31d_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMi00LTEtMS0w_29044f66-9791-4bef-a1b6-c693abaabcd5">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i59be8572baec4ad981ab5c83f467dc08_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMi02LTEtMS0w_ab224c70-1b24-4575-aefe-6dbde34cf63b">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id634a1908a9c4be6bd419cf52d2f5c53_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMi04LTEtMS0w_75f5e9a1-6058-42ad-86ef-df30a6911d98">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ida3695e597ef49b2b0f03600850bfb07_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMi0xMC0xLTEtMA_17140c88-0e10-4a45-a491-02b51f6fa0bb">996,512</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iac200068aeae4b45bc68c56360991753_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMy0yLTEtMS0w_d4411bd6-2ff1-4960-95ef-856dcd03b17e">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65d7c65b0b2643aa886778e09b8a5f2f_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMy00LTEtMS0w_cccb353f-e404-4252-8516-900dc6e240e7">274,861</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i250a914452c44809a118dfe1c15d600b_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMy02LTEtMS0w_072061d3-2004-4299-981e-45151de558c0">1,276,112</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3439299c27d84ef79b1b6a56543df606_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMy04LTEtMS0w_c442568e-2c97-4b02-b018-b334b90bd130">2,154,351</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if22aeaf6ee9c40de9c64779ea2603205_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMy0xMC0xLTEtMA_7195b38b-771f-4642-95af-c5ec153f2ee0">3,705,324</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Residential Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0f6c2c5fb2f447dc9bf32a3a5b833837_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfNC0yLTEtMS0w_4e913d22-35d5-4706-b61a-b581c16e2d36">996,512</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i70c788ceeee04846a8f45111e0c41186_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfNC00LTEtMS0w_568c8634-277c-4a5f-85d6-5ee93b3386c6">274,861</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idbbe09ca4132473aa18b9f811ac6f94e_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfNC02LTEtMS0w_c31475e4-1588-4a75-8d2a-6ea1a96bd16c">1,276,112</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i13637f7b41c741868bc4ceb6dd2c81ab_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfNC04LTEtMS0w_03031d46-5c85-4f83-9eae-4697676bdb31">2,154,351</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i70c1b18111ac4305862dcc8f898aef60_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfNC0xMC0xLTEtMA_760ff006-bd64-432e-bc6d-d6a90bb59ddb">4,701,836</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:29.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.099%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i659f476eec6b4cfebd18ec6fb5689cdd_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMi0yLTEtMS0w_6e4cdcc9-55ed-477c-ae27-389533309145">176,641</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8a32e4d62e4447c28746f43de57acc4d_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMi00LTEtMS0w_3149826d-fd7c-4d65-a86a-ba2c14777409">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9039e579bf5642038e775e11374545bb_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMi02LTEtMS0w_46a8ce76-017c-4b66-9557-835139600d2d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie2148c507a65460a8e173a07264e6735_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMi04LTEtMS0w_c9c9883c-e37d-491b-9f34-778ac5ff0848">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie6dfdf83ee504c69837c61a1abb8f40f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMi0xMC0xLTEtMA_2a7d84ca-9e9f-4efb-8bac-ccc9fb55d4f3">176,641</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i232e838556004786bb161053459bd51f_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMy0yLTEtMS0w_a9e73948-659a-4a2f-9199-e68a0678d708">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3dba938b4e574d7a9d3736579d07cce3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMy00LTEtMS0w_5039de42-3e39-4d2b-829f-e866e68cd426">285,935</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i46ccd50204a74c359de4a4ea82b4f02f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMy02LTEtMS0w_aa93cba2-92fa-4bc3-a19f-31b828537b06">1,565,322</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i44636a70247740e6be1ff23ee1a70169_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMy04LTEtMS0w_44685f4a-cec6-4659-a3c1-a11bd4e09a8f">2,221,153</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifd60f2a8f8b64bee936752a04345b731_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMy0xMC0xLTEtMA_b3daa8b1-d5c0-41ae-9604-b062111d83bd">4,072,410</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Residential Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ice1ac5e76a88414fab7004b211b6151c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfNC0yLTEtMS0w_17a1eacb-c8dd-49ef-85d6-7676ad70fde9">176,641</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2b7d4cb40e0449cab4fc187e6b879c6c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfNC00LTEtMS0w_c6cb29b3-71c3-49fa-a963-990a05b55e93">285,935</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i99437f6b03c643939a24b409f3724aab_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfNC02LTEtMS0w_2ff45c3c-127d-4000-a1a6-9276d2fa6860">1,565,322</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i25d50b188e6e4020b99b6bad90488510_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfNC04LTEtMS0w_95992cfe-f909-415f-a697-42a42d7c3fa6">2,221,153</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6b2328769bf5444386d398260f28caea_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfNC0xMC0xLTEtMA_df540b08-be60-4c78-9901-6b1cdb84e6de">4,249,051</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:continuation><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, we owned mortgage servicing rights associated with $<ix:nonFraction unitRef="usd" contextRef="i98379a33ecdf4146976d07a4767e009e_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtAmortizedValue" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RleHRyZWdpb246ZmFlNjkzOTI0MjA4NGQ1OWJhYjQxZmY3MzNiZDY0NzBfNDc2_cde1d8b4-7054-4e5d-9f56-fc267142c055">977</ix:nonFraction> million (principal balance) of residential loans owned at Redwood that were purchased from third-party originators. The value of these MSRs is included in the carrying value of the associated loans on our consolidated balance sheets. We contract with licensed sub-servicers that perform servicing functions for these loans.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Residential Loans Held-for-Sale</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">At Fair Value</span></div><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RleHRyZWdpb246ZmFlNjkzOTI0MjA4NGQ1OWJhYjQxZmY3MzNiZDY0NzBfMzI1MQ_7dcb480f-03ef-418c-99e4-f6fe1e7715bc" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the characteristics of residential loans held-for-sale at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.2 &#8211; Characteristics of Residential Loans Held-for-Sale</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:61.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.816%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.819%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i5321e500999142f182e3b0f98ac7704c_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="srt:MortgageLoansOnRealEstateNumberOfLoans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfMS0yLTEtMS02OTE_c19ec060-7d42-4793-9e56-500b91dce1ad">1,115</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i70d4502da0bf4f5a855333567bcec51e_D20200101-20201231" decimals="INF" name="srt:MortgageLoansOnRealEstateNumberOfLoans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfMS00LTEtMS02OTE_d8188223-3e65-4ae3-813c-51d7b7e6ebaf">198</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0864849c8b7e4c94abb4a4d6c31f1fb6_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfMi0yLTEtMS02OTE_23f11513-af2f-4b75-a743-c7a879b0d656">990,841</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i87fe4a443bf148e8bf460a7e1558d929_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfMi00LTEtMS02OTE_0bc186e9-30e4-4281-a1d1-f2be1b778d2f">172,748</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0864849c8b7e4c94abb4a4d6c31f1fb6_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfMy0yLTEtMS02OTE_076109f5-3c2d-4c3a-b487-fa70a44af122">996,512</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i87fe4a443bf148e8bf460a7e1558d929_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfMy00LTEtMS02OTE_7ceb41cf-f547-4164-9230-66a6e7928636">176,641</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under short-term borrowing agreements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0864849c8b7e4c94abb4a4d6c31f1fb6_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansPledgedAsCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfNC0yLTEtMS02OTE_39601782-8ab2-47ed-a5cb-d561696aa7ca">926,076</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i87fe4a443bf148e8bf460a7e1558d929_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansPledgedAsCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfNC00LTEtMS02OTE_d077b74f-5931-4883-af32-dadf4cefa437">156,355</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="id60d9ce8bf2742c2a1597537b3abb3ff_I20210331" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansPastDue" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfNy0yLTEtMS02OTE_1e0684f2-759a-47b3-9ad0-60ad092317df">1</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i50e5dce3348c4f51b322e5f5e83c22a0_I20201231" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansPastDue" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfNy00LTEtMS02OTE_76d681e5-ee40-46a3-910f-15638c92b9e9">1</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id60d9ce8bf2742c2a1597537b3abb3ff_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FinancingReceivableRecordedInvestmentPastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfOC0yLTEtMS02OTE_de535ce5-ae09-4c48-a2bb-eb862663b523">1,882</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i50e5dce3348c4f51b322e5f5e83c22a0_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FinancingReceivableRecordedInvestmentPastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfOC00LTEtMS02OTE_a0244093-2ac9-4c12-8d19-73cc1ab35dd7">1,882</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id60d9ce8bf2742c2a1597537b3abb3ff_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfOS0yLTEtMS02OTE_cd2776d4-f481-4e36-aa8c-aae5207aaffb">1,223</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i50e5dce3348c4f51b322e5f5e83c22a0_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfOS00LTEtMS02OTE_edb938ca-ca8b-4e5a-b543-c6aa8478c000">1,223</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i0864849c8b7e4c94abb4a4d6c31f1fb6_I20210331" decimals="INF" format="ixt:zerodash" name="rwt:FinancingReceivableNumberOfLoansInForeclosure" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfMTAtMi0xLTEtNjkx_e733edf6-91e2-4a87-aa2d-c9ae25627356">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i87fe4a443bf148e8bf460a7e1558d929_I20201231" decimals="INF" format="ixt:zerodash" name="rwt:FinancingReceivableNumberOfLoansInForeclosure" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfMTAtNC0xLTEtNjkx_477bf964-eca0-4d35-b1de-96632b24f990">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div></ix:nonNumeric></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">28</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 6. Residential Loans - (continued)</span></div></div><ix:continuation id="id5e41fd7dce7457da4ce4fa56925a0c8" continuedAt="icb56ef2ec1f2497bb942089ddca088d8"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RleHRyZWdpb246ZmFlNjkzOTI0MjA4NGQ1OWJhYjQxZmY3MzNiZDY0NzBfMzI0OA_adf4c9c4-d1fb-4141-9a01-565495fd304b" escape="true"><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of residential loans held-for-sale during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.3 &#8211; Activity of Residential Loans Held-for-Sale</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.622%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal balance of loans acquired</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5321e500999142f182e3b0f98ac7704c_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:PrincipalBalanceOfLoansAcquiredDuringPeriod" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjQ1MjExNzk2NTVmZjQ4NGY5ZjhiYzY0Zjg2ZTIyOTU2L3RhYmxlcmFuZ2U6NDUyMTE3OTY1NWZmNDg0ZjlmOGJjNjRmODZlMjI5NTZfMi0yLTEtMS02OTc_03c6d8e4-67f1-4f47-961b-88425e15fa63">3,096,048</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5d58ee0063db4ef2b0c8f7300acebb87_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:PrincipalBalanceOfLoansAcquiredDuringPeriod" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjQ1MjExNzk2NTVmZjQ4NGY5ZjhiYzY0Zjg2ZTIyOTU2L3RhYmxlcmFuZ2U6NDUyMTE3OTY1NWZmNDg0ZjlmOGJjNjRmODZlMjI5NTZfMi00LTEtMS02OTc_5e632dcb-d0a7-469d-9ad0-18c8291fd761">2,629,908</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal balance of loans sold</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5321e500999142f182e3b0f98ac7704c_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:PrincipalBalanceofLoansSoldDuringPeriod" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjQ1MjExNzk2NTVmZjQ4NGY5ZjhiYzY0Zjg2ZTIyOTU2L3RhYmxlcmFuZ2U6NDUyMTE3OTY1NWZmNDg0ZjlmOGJjNjRmODZlMjI5NTZfMy0yLTEtMS02OTc_cfcc108e-d90b-4854-a09b-d01e8bb674d3">2,275,832</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5d58ee0063db4ef2b0c8f7300acebb87_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:PrincipalBalanceofLoansSoldDuringPeriod" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjQ1MjExNzk2NTVmZjQ4NGY5ZjhiYzY0Zjg2ZTIyOTU2L3RhYmxlcmFuZ2U6NDUyMTE3OTY1NWZmNDg0ZjlmOGJjNjRmODZlMjI5NTZfMy00LTEtMS02OTc_24b60757-fdb5-47c0-ada6-dca3a9850bb8">2,656,719</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5321e500999142f182e3b0f98ac7704c_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionChangesInFairValueGainLoss1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjQ1MjExNzk2NTVmZjQ4NGY5ZjhiYzY0Zjg2ZTIyOTU2L3RhYmxlcmFuZ2U6NDUyMTE3OTY1NWZmNDg0ZjlmOGJjNjRmODZlMjI5NTZfNC0yLTEtMS02OTc_e45af5de-2615-4344-b8ee-159d8f3f1b3e">23,429</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i5d58ee0063db4ef2b0c8f7300acebb87_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionChangesInFairValueGainLoss1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjQ1MjExNzk2NTVmZjQ4NGY5ZjhiYzY0Zjg2ZTIyOTU2L3RhYmxlcmFuZ2U6NDUyMTE3OTY1NWZmNDg0ZjlmOGJjNjRmODZlMjI5NTZfNC00LTEtMS02OTc_20ff9eb8-eae9-4918-a20f-7d9b0cd23b0c">13,480</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Net market valuation gains (losses) on residential loans held-for-sale are recorded primarily through Mortgage banking activities, net on our consolidated statements of income (loss).</span></div></ix:nonNumeric><div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Residential Loans Held-for-Investment at Fair Value</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We invest in residential subordinate securities issued by Legacy Sequoia, Sequoia Choice and Freddie Mac SLST securitization trusts and consolidate the underlying residential loans owned by these entities for financial reporting purposes in accordance with GAAP. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RleHRyZWdpb246ZmFlNjkzOTI0MjA4NGQ1OWJhYjQxZmY3MzNiZDY0NzBfMzI1Nw_8a90ad90-d685-40f6-91df-a8d06eb8f0e2" continuedAt="i6123999b2b224d6aa870862ef187725a" escape="true">The following tables summarize the characteristics of the residential loans owned at consolidated Sequoia and Freddie Mac SLST entities at March&#160;31, 2021 and December&#160;31, 2020.</ix:nonNumeric></span></div><ix:continuation id="i6123999b2b224d6aa870862ef187725a" continuedAt="i44e6c4fc98c244c1ae706874223af0ea"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.4 &#8211; Characteristics of Residential Loans Held-for-Investment</span></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.483%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.681%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i98beae0e2a4649729def4fdbe75f2be2_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="srt:MortgageLoansOnRealEstateNumberOfLoans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMi00LTEtMS03MTQ_e8cf8890-b962-4a70-ac77-4cfbb68669c2">1,814</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="ife388ac3ec61404ea54f4e2694cccee4_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="srt:MortgageLoansOnRealEstateNumberOfLoans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMi02LTEtMS03MTQ_15cb2435-9153-4a9d-beac-36baff4151c2">1,780</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i3a142e9687c4408f98082e8c7fd8b3f1_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="srt:MortgageLoansOnRealEstateNumberOfLoans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMi04LTEtMS03MTQ_f40ff650-70b5-481e-97f3-2b4bcebbffc9">13,294</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ieb1d4aa96e754efba36ba933da9a64a3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMy00LTEtMS03MTQ_94def9f8-e41c-4390-b873-3181ef089f52">314,243</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i59eb03da272b436a87fa9f1eec596227_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMy02LTEtMS03MTQ_38993e6d-c97c-49e9-979e-4a62f9e0ddcb">1,264,645</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iaed4a2b4221d476a825b09bdf33666c8_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMy04LTEtMS03MTQ_d58bd337-5d6d-4d06-a6b3-cf93990ef429">2,184,111</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ieb1d4aa96e754efba36ba933da9a64a3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfNC00LTEtMS03MTQ_9a65ba67-d378-47a3-8ff7-b9b8d5267714">274,861</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i59eb03da272b436a87fa9f1eec596227_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfNC02LTEtMS03MTQ_4d478fa0-e3df-4e89-9ac5-c0d11f2e98c3">1,276,112</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iaed4a2b4221d476a825b09bdf33666c8_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfNC04LTEtMS03MTQ_dccc148e-5092-4e0b-8108-d86d67d39290">2,154,351</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="iae63d2ab4a064ea0b659958479dc2740_I20210331" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansPastDue" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfNy00LTEtMS03MTQ_c8fdea24-0cac-43c8-9b5c-0d0a49b051f0">46</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="ieccec5c3d03a4d6b954ae93a246d57a4_I20210331" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansPastDue" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfNy02LTEtMS03MTQ_b295743f-cbee-4782-932a-1671438ede7d">68</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="if3c9531fb4024e51af7d999c803d3e44_I20210331" decimals="INF" format="ixt:numdotdecimal" name="rwt:FinancingReceivableNumberOfLoansPastDue" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfNy04LTEtMS03MTQ_90a9b955-dd04-4e7e-9a67-24cc9cdf1e54">1,982</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iae63d2ab4a064ea0b659958479dc2740_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfOC00LTEtMS03MTQ_5b52fb7d-6a7e-48ce-a879-7dbe5319559b">15,831</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ieccec5c3d03a4d6b954ae93a246d57a4_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfOC02LTEtMS03MTQ_968cedfa-c104-4c3e-92d5-63a18eff486e">54,546</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if3c9531fb4024e51af7d999c803d3e44_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfOC04LTEtMS03MTQ_27661a89-03e3-47e0-be39-f9a574347887">362,785</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="ieb1d4aa96e754efba36ba933da9a64a3_I20210331" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansInForeclosure" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMTAtNC0xLTEtNzE0_5a4e5797-f732-42fd-aafc-44d7a8aac348">17</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i59eb03da272b436a87fa9f1eec596227_I20210331" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansInForeclosure" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMTAtNi0xLTEtNzE0_fbaa7624-0eb7-4b2d-aaf5-3b7ca0e68e8f">3</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="iaed4a2b4221d476a825b09bdf33666c8_I20210331" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansInForeclosure" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMTAtOC0xLTEtNzE0_667f3218-8154-4ff8-9e75-712234e0851e">251</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ieb1d4aa96e754efba36ba933da9a64a3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMTEtNC0xLTEtNzE0_6266dcb2-7145-4d65-91dc-d021bf13dfb6">4,214</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i59eb03da272b436a87fa9f1eec596227_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMTEtNi0xLTEtNzE0_28171dbb-aa15-495c-996d-d63538d3a65e">2,248</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iaed4a2b4221d476a825b09bdf33666c8_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMTEtOC0xLTEtNzE0_9846c8a8-767b-42b7-ac12-dfd7b133c2db">41,044</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div></ix:continuation></ix:continuation><div style="text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">29</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 6. Residential Loans - (continued)</span></div></div><ix:continuation id="icb56ef2ec1f2497bb942089ddca088d8" continuedAt="ifc10aabd46b64184ac4cd57c5ba6d04a"><ix:continuation id="i44e6c4fc98c244c1ae706874223af0ea"><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.483%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.681%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i68868dc632874a14951ee96ccf3cb4ed_D20200101-20201231" decimals="INF" format="ixt:numdotdecimal" name="srt:MortgageLoansOnRealEstateNumberOfLoans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMi00LTEtMS03MTQ_12eaaf6a-0e6f-4035-8fce-7fe4bfb9876a">1,908</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i01b4c67e78eb45bc8677a23f09aa86a6_D20200101-20201231" decimals="INF" format="ixt:numdotdecimal" name="srt:MortgageLoansOnRealEstateNumberOfLoans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMi02LTEtMS03MTQ_0591fe86-c104-4e54-8683-84eae6c09a6f">2,177</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i6333f39dde0a48248bc4a9d752f5e85f_D20200101-20201231" decimals="INF" format="ixt:numdotdecimal" name="srt:MortgageLoansOnRealEstateNumberOfLoans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMi04LTEtMS03MTQ_acf51653-aaf0-4fbe-a3a3-ae755a54e750">13,605</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6d89635a7e94ecdb4cbfaef40c3371d_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMy00LTEtMS03MTQ_0be91784-6ad5-4a41-8cf5-e2ef3354535b">333,474</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic1c14aa12f3a4ca8b4e68d8694a4c2b4_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMy02LTEtMS03MTQ_5857b1d8-6892-4d3c-b27f-96e5c62e808d">1,550,454</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i59099de613fb4d4aa04e25ed836502b2_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMy04LTEtMS03MTQ_bd914c71-f2fb-407c-bab0-3d5141a2ad52">2,247,771</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6d89635a7e94ecdb4cbfaef40c3371d_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfNC00LTEtMS03MTQ_1c7e7564-5921-4590-b0fc-b1eeedbe986b">285,935</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic1c14aa12f3a4ca8b4e68d8694a4c2b4_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfNC02LTEtMS03MTQ_884d8f87-618c-409a-87ac-41b256a5f29f">1,565,322</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i59099de613fb4d4aa04e25ed836502b2_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfNC04LTEtMS03MTQ_cf3decfb-0e99-4521-9cd5-79c35e7d1e77">2,221,153</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="ic6c9d0e860c54a2b83ede64fcb74f118_I20201231" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansPastDue" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfNy00LTEtMS03MTQ_d1bb746b-c03f-4e63-a523-4a8375e725aa">52</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i4fa339dea1cc41b996eefbff5c24960a_I20201231" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansPastDue" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfNy02LTEtMS03MTQ_ce53b2ea-d0cb-41e0-9803-b3ca1bd99e83">94</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i734b61a58b3f41f5a8139167c708092f_I20201231" decimals="INF" format="ixt:numdotdecimal" name="rwt:FinancingReceivableNumberOfLoansPastDue" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfNy04LTEtMS03MTQ_4f8b8f0f-fe61-432a-a796-83153eb39c48">2,110</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic6c9d0e860c54a2b83ede64fcb74f118_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfOC00LTEtMS03MTQ_c8ee4fad-d45a-498a-9ec4-44dbb2cd7e4f">17,285</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4fa339dea1cc41b996eefbff5c24960a_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfOC02LTEtMS03MTQ_12846028-a8b5-4d9f-8c15-3764cb47a5f1">74,742</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i734b61a58b3f41f5a8139167c708092f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfOC04LTEtMS03MTQ_8cac20a2-df7a-400e-90ff-233a1894d349">389,245</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="if6d89635a7e94ecdb4cbfaef40c3371d_I20201231" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansInForeclosure" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMTAtNC0xLTEtNzE0_8874a8fb-e6e0-4dd8-98e4-822eeff807fb">21</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="ic1c14aa12f3a4ca8b4e68d8694a4c2b4_I20201231" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansInForeclosure" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMTAtNi0xLTEtNzE0_45d9ed68-8b0e-460b-9d59-3c12f8838489">3</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i59099de613fb4d4aa04e25ed836502b2_I20201231" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansInForeclosure" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMTAtOC0xLTEtNzE0_e2965a61-d900-4ffe-a1c6-0bbb6028e1a2">245</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6d89635a7e94ecdb4cbfaef40c3371d_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMTEtNC0xLTEtNzE0_be720dc9-1c50-4107-b337-b59957322b35">4,939</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic1c14aa12f3a4ca8b4e68d8694a4c2b4_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMTEtNi0xLTEtNzE0_abda72d0-c15a-4550-85d6-a290909c81f6">2,251</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i59099de613fb4d4aa04e25ed836502b2_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMTEtOC0xLTEtNzE0_6bfbd940-edb0-4869-8103-e24bba89457c">38,610</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For loans held at consolidated entities, the number of loans greater than 90 days delinquent includes loans in foreclosure.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities.</span></div></ix:continuation><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RleHRyZWdpb246ZmFlNjkzOTI0MjA4NGQ1OWJhYjQxZmY3MzNiZDY0NzBfMzI1OA_b248363d-3085-4439-a932-9ac03fd1c0f8" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of residential loans held-for-investment at Redwood during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.5 &#8211; Activity of Residential Loans Held-for-Investment at Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.622%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans transferred from HFS to HFI</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i78fe91af77b144e4bc573980e5852e9e_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjEyZDc1YzJjNTYyNDRkNDZhNzljYzBkYjdmODFkODFlL3RhYmxlcmFuZ2U6MTJkNzVjMmM1NjI0NGQ0NmE3OWNjMGRiN2Y4MWQ4MWVfNC0yLTEtMS03MjA_49cefea6-1e46-4a11-8ea3-924c0e63fc5f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i558624f48a82443c814b3399ac061e28_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjEyZDc1YzJjNTYyNDRkNDZhNzljYzBkYjdmODFkODFlL3RhYmxlcmFuZ2U6MTJkNzVjMmM1NjI0NGQ0NmE3OWNjMGRiN2Y4MWQ4MWVfNC00LTEtMS03MjA_362bc1f2-006d-46de-9832-ce6444970a3b">13,258</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans transferred from HFI to HFS</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i78fe91af77b144e4bc573980e5852e9e_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FinancingReceivableReclassificationToHeldForSale" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjEyZDc1YzJjNTYyNDRkNDZhNzljYzBkYjdmODFkODFlL3RhYmxlcmFuZ2U6MTJkNzVjMmM1NjI0NGQ0NmE3OWNjMGRiN2Y4MWQ4MWVfNS0yLTEtMS03MjA_8bb1db6f-1cb8-4fcc-aebb-4cc0068965a6">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i558624f48a82443c814b3399ac061e28_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FinancingReceivableReclassificationToHeldForSale" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjEyZDc1YzJjNTYyNDRkNDZhNzljYzBkYjdmODFkODFlL3RhYmxlcmFuZ2U6MTJkNzVjMmM1NjI0NGQ0NmE3OWNjMGRiN2Y4MWQ4MWVfNS00LTEtMS03MjA_e29b6bad-c4a1-4acf-9489-ca2b76d4ffae">1,870,986</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i78fe91af77b144e4bc573980e5852e9e_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueOptionChangesInFairValueGainLoss1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjEyZDc1YzJjNTYyNDRkNDZhNzljYzBkYjdmODFkODFlL3RhYmxlcmFuZ2U6MTJkNzVjMmM1NjI0NGQ0NmE3OWNjMGRiN2Y4MWQ4MWVfNi0yLTEtMS03MjA_3f2d557a-8dae-497e-b92f-367ae2434cd9">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i558624f48a82443c814b3399ac061e28_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionChangesInFairValueGainLoss1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjEyZDc1YzJjNTYyNDRkNDZhNzljYzBkYjdmODFkODFlL3RhYmxlcmFuZ2U6MTJkNzVjMmM1NjI0NGQ0NmE3OWNjMGRiN2Y4MWQ4MWVfNi00LTEtMS03MjA_6d8a9212-c7fa-4f79-806b-e0714d2ee7ea">93,636</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Subsequent to the transfer of these loans to our investment portfolio, net market valuation gains (losses) on residential loans held-for-investment at Redwood are recorded through Investment fair value changes, net on our consolidated statements of income (loss).</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of residential loans held-for-investment at consolidated entities during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.6 &#8211; Activity of Residential Loans Held-for-Investment at Consolidated Entities</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:27.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.153%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Freddie Mac</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Freddie Mac</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">SLST</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">SLST</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i645656ae5ca04dcba612b5b3f91b16a1_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmYxYzc0NTcwMmE5ZDQyNWZhMmE1ZjEwZDUyMTVjZGQyL3RhYmxlcmFuZ2U6ZjFjNzQ1NzAyYTlkNDI1ZmEyYTVmMTBkNTIxNWNkZDJfNC0yLTEtMS03MjY_5da901c0-9b89-4292-9a7c-7da30e012670">7,613</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ife388ac3ec61404ea54f4e2694cccee4_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmYxYzc0NTcwMmE5ZDQyNWZhMmE1ZjEwZDUyMTVjZGQyL3RhYmxlcmFuZ2U6ZjFjNzQ1NzAyYTlkNDI1ZmEyYTVmMTBkNTIxNWNkZDJfNC00LTEtMS03MjY_8673b27f-d38e-4294-8310-38d77b77842f">2,578</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i3a142e9687c4408f98082e8c7fd8b3f1_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmYxYzc0NTcwMmE5ZDQyNWZhMmE1ZjEwZDUyMTVjZGQyL3RhYmxlcmFuZ2U6ZjFjNzQ1NzAyYTlkNDI1ZmEyYTVmMTBkNTIxNWNkZDJfNC02LTEtMS03MjY_d34d5b5d-763b-4780-a72c-d00c3d29359e">3,566</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="id6b398c71de54a588f8e1f6889bc9e9f_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmYxYzc0NTcwMmE5ZDQyNWZhMmE1ZjEwZDUyMTVjZGQyL3RhYmxlcmFuZ2U6ZjFjNzQ1NzAyYTlkNDI1ZmEyYTVmMTBkNTIxNWNkZDJfNC04LTEtMS03MjY_d4169050-a8fd-4871-99ef-ab7a07b27b45">69,014</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i308d6123762a4450bf175be44d6c9257_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmYxYzc0NTcwMmE5ZDQyNWZhMmE1ZjEwZDUyMTVjZGQyL3RhYmxlcmFuZ2U6ZjFjNzQ1NzAyYTlkNDI1ZmEyYTVmMTBkNTIxNWNkZDJfNC0xMC0xLTEtNzI2_d0b3a01e-cd63-4bc0-b643-e640b25e9e9c">110,485</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic1e45b89f61a4c5295fb9bc764e6ef59_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmYxYzc0NTcwMmE5ZDQyNWZhMmE1ZjEwZDUyMTVjZGQyL3RhYmxlcmFuZ2U6ZjFjNzQ1NzAyYTlkNDI1ZmEyYTVmMTBkNTIxNWNkZDJfNC0xMi0xLTEtNzI2_19f8dcf0-7df2-4808-9507-baab861112b3">193,020</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For loans held at our consolidated Legacy Sequoia, Sequoia Choice, and Freddie Mac SLST entities, market value changes are based on the estimated fair value of the associated ABS issued, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investments in these securitization entities is presented in Table 4.2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">.</span></div></ix:nonNumeric></ix:continuation><div style="margin-top:3pt;text-align:justify"><span><br/></span></div><div style="margin-top:3pt;text-align:justify"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">30</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_55"></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 7. <ix:continuation id="ifc10aabd46b64184ac4cd57c5ba6d04a" continuedAt="i4d9924d5de2a46c3ae2c4399c8f0d0e5">Business Purpose Loans</ix:continuation></span></div><ix:continuation id="i4d9924d5de2a46c3ae2c4399c8f0d0e5" continuedAt="i8d03b776f5394d58baf8dcdb1a55a4d8"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We originate and invest in business purpose loans, including single-family rental ("SFR") loans and bridge loans. <ix:continuation id="icd549ec2aaff4b25894323cf1d52455f" continuedAt="ia1b4416bd24f419b83b996cb67ad42f5">The following table summarizes the classifications and carrying values of the business purpose loans owned at Redwood and at consolidated CAFL entities at March&#160;31, 2021 and December&#160;31, 2020.</ix:continuation></span></div><ix:continuation id="ia1b4416bd24f419b83b996cb67ad42f5" continuedAt="i49b865b18d954efe903820b2217f4dbc"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.1 &#8211; Classifications and Carrying Values of Business Purpose Loans</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.583%"><tr><td style="width:1.0%"></td><td style="width:33.070%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.497%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.660%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.497%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.660%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.497%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.660%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.497%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.662%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i759f327f23f74c10b5a30fca56289a64_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfMi0yLTEtMS0w_816ae8f8-55fd-49e8-ac04-5c2959fe549c">333,110</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i992fd8d9be384c5fa3f9b107d5221d13_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfMi00LTEtMS0w_b071febd-a44a-4b1d-9dcf-46337379491e">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i71b61d22a72148a0ab87e1bf45f9b54f_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfMi02LTEtMS0w_a32a837f-50ca-480e-8cea-9d861c44fb77">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5ca0067cca804f30a06ec54cf495f35d_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfMi04LTEtMS0w_ca622068-2393-454f-9196-86a26302db9f">333,110</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2ee9094e622c4bb8a01ff600377a9345_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfMy0yLTEtMS0w_b1c00f55-4713-404c-8f0e-b91d577ae049">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1b4edb523d2a468096bc7b9fea209b7d_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfMy00LTEtMS0w_a80ebb8b-29d3-4911-865e-871c25f85ecb">3,212,526</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a736d8854504a0dbe7318bcbfa207b4_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfMy02LTEtMS0w_af4fc1d1-10e9-4993-98b4-7c9d8bf2d370">626,484</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3c35b4a360274fbdbce58eb94cee9543_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfMy04LTEtMS0w_e5300c9d-bdd1-4696-bb5a-c24aee6fff3d">3,839,010</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Business Purpose Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i646a2cf470584339a776f84648c7de58_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfNC0yLTEtMS0w_43d64d75-a571-4f62-8068-2f93bfa198a3">333,110</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4571622537a4ccfa661cb86c8c92941_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfNC00LTEtMS0w_ae7dd6e6-903d-42a3-8cea-307eb3a9d594">3,212,526</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if86deb59fe454b5087f2efd211efade7_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfNC02LTEtMS0w_987ae2ff-2d9c-48ba-9d34-380ec3ce8d7b">626,484</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i47f56227cec14841b1dee37c694a375f_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfNC04LTEtMS0w_3e8294b6-31fb-4dae-9010-0c208b3f8caf">4,172,120</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.583%"><tr><td style="width:1.0%"></td><td style="width:33.070%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.497%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.660%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.497%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.660%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.497%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.660%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.497%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.662%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i700224b5170c49a8a52e2e792d73b9d8_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfMi0yLTEtMS0w_ffe83b7e-ec73-4b9a-b506-cf799a54caab">245,394</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9fdf4d7f715248299f1757d9b8a8093e_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfMi00LTEtMS0w_b18b1601-ad0e-4d28-9cbc-d2d5fd62d3df">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i83ba52d316374e0fa85630be9139300b_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfMi02LTEtMS0w_0aa7faa6-b2b3-4bd4-9af3-d18bf1c3df34">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i45bd2c20abfc462fa0d077d0447ab22a_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfMi04LTEtMS0w_6237669b-1283-4c0f-a34c-27df63aa3626">245,394</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5a00bc1b4e9844c3aedeaaa90f9f22c5_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfMy0yLTEtMS0w_16a1d7c7-3008-404a-ac90-9a9be3adfb42">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if1cbfbe425c74f42b3b60d81e66f4721_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfMy00LTEtMS0w_70e11d8c-705d-4887-8f9c-d77f5cfc7512">3,249,194</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1ac99c4716bf4be2bbbe04cf3ffe9e8a_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfMy02LTEtMS0w_ca2f031c-2f97-4405-9c64-f0f985ac23ee">641,765</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i99944888047f4bcca142e6a2560d335c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfMy04LTEtMS0w_a31ae678-f6d8-4215-ab7f-921950a2b684">3,890,959</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Business Purpose Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i69544bc4880b4709b512957c026644d1_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfNC0yLTEtMS0w_8dfcb3c4-71c9-46e3-9297-d2008f62434b">245,394</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i657db069c0b246c2b0715d47badf1ac2_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfNC00LTEtMS0w_20f760e0-32a8-4679-aa7c-fb1f6ed232b3">3,249,194</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i598e2ed93d2f438faf84fa7f9554cc45_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfNC02LTEtMS0w_7b6f0394-dede-4a38-997d-1973260c7dcc">641,765</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie5dc67319fb045999b8d33a29fe88fe6_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfNC04LTEtMS0w_ebd688f9-33d7-4419-bf14-9ccb224dad1b">4,136,353</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of business purpose loans at Redwood during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.2 &#8211; Activity of Business Purpose Loans at Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.152%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SFR at Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SFR at Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans originated</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id9091cc798ec40a9a8d0abd57cb6c6c1_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsToPurchaseLoansHeldForSale" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfMi0yLTEtMS03NTk_c59886eb-715c-4d75-accf-506627b2050f">253,098</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7a06d8ef9df648c1ba3ca1f5d9912977_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsToPurchaseLoansHeldForSale" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfMi00LTEtMS03NTk_57e1a6d6-ac1e-42aa-add9-5320cf479e50">133,229</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie2bebceaa66b45868c3d330d1f574056_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsToPurchaseLoansHeldForSale" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfMi02LTEtMS03NTk_6d6a4cc8-d9d5-47af-a030-20807af842c6">260,129</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1bb74b7fc6dd44199c6a4ee431a38f2c_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsToPurchaseLoansHeldForSale" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfMi04LTEtMS03NTk_c522c7d0-d2fb-4aa9-a890-a06f50ac0799">227,368</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans sold to third parties </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id9091cc798ec40a9a8d0abd57cb6c6c1_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:ProceedsFromPrincipalRepaymentsOnSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfMy0yLTEtMS03NTk_7a6ba064-f33f-45e2-ac68-47656617fa7c">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7a06d8ef9df648c1ba3ca1f5d9912977_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:ProceedsFromPrincipalRepaymentsOnSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfMy00LTEtMS03NTk_bec13cbe-a9ff-4d0d-8a9b-8d74beeb3c6f">8,877</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie2bebceaa66b45868c3d330d1f574056_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:ProceedsFromPrincipalRepaymentsOnSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfMy02LTEtMS03NTk_353c3a32-cd92-4487-8482-2bfcc7edd9d9">26,148</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1bb74b7fc6dd44199c6a4ee431a38f2c_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:ProceedsFromPrincipalRepaymentsOnSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfMy04LTEtMS03NTk_ab662e87-d94a-4382-842b-7aa4d1b59265">20,735</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fair value of loans transferred from HFS to HFI </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id9091cc798ec40a9a8d0abd57cb6c6c1_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNC0yLTEtMS03NTk_69175b73-485a-4330-a895-bc89c07a38d1">169,404</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie2bebceaa66b45868c3d330d1f574056_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNC02LTEtMS03NTk_9b4ba345-e90b-4cac-a888-98eadff5d065">378,109</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage banking activities income (loss) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id1827563ba8f4411b9a53f0726b7114f_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNS0yLTEtMS03NTk_5ef598ef-a231-4b47-96ec-e941d5b08799">10,248</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i65144986f02c4b3a9f1d500daf01c1c3_D20210101-20210331" decimals="-3" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNS00LTEtMS03NTk_7993a7c9-4d55-46f4-aac8-13ad377068b3">542</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i52d7c3a818d84295b506bd8874bc127d_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNS02LTEtMS03NTk_364b52ff-2631-43ad-b334-10f733ebf493">10,330</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i62bf6fa33590429a85700810edb20f68_D20200101-20200331" decimals="-3" sign="-" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNS04LTEtMS03NTk_ca8095d0-48da-4205-8106-1af9cd628bf3">164</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id9091cc798ec40a9a8d0abd57cb6c6c1_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNi0yLTEtMS03NTk_cc2074e7-56d4-4e1f-a07f-ace69c480a51">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7a06d8ef9df648c1ba3ca1f5d9912977_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNi00LTEtMS03NTk_c0a89299-9f75-4f3e-a07f-89c795f70049">3,304</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ie2bebceaa66b45868c3d330d1f574056_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNi02LTEtMS03NTk_62f8224b-b572-4a5f-b019-19b2c56ba503">23,028</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i1bb74b7fc6dd44199c6a4ee431a38f2c_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNi04LTEtMS03NTk_b634e503-bae8-49bf-825a-f30027f94a6f">38,602</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">During the three months ended March&#160;31, 2021 and 2020, we transferred $<ix:nonFraction unitRef="usd" contextRef="i5769de8210e6473094d2c9ac65477852_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:PaymentsToPurchaseLoansHeldForSale" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTYzOTA1NQ_a4493be4-0b38-4631-8d0d-c80d6a4bc144">169</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="ia44242cc91994521a9b4d6199cf47431_D20200101-20200331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:PaymentsToPurchaseLoansHeldForSale" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTYzOTA2Mw_69114f05-405b-4fe7-9c2d-bf19c3f81a5b">378</ix:nonFraction> million of single-family rental loans, respectively, from held-for-sale to held-for-investment associated with <ix:nonFraction unitRef="loan" contextRef="i027f3bd94e094eaebea6cb74a83e2434_I20210331" decimals="INF" format="ixt-sec:numwordsen" name="rwt:NumberOfSecuritizationEntitiesToWhichAssetTransferred" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTYzOTE3MA_0f524357-be0b-4b4d-9e2d-9faaebf58ecf">one</ix:nonFraction> and <ix:nonFraction unitRef="loan" contextRef="i3dae746fdc754f95bb37cd5c9e30aefb_I20200331" decimals="INF" format="ixt-sec:numwordsen" name="rwt:NumberOfSecuritizationEntitiesToWhichAssetTransferred" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTYzOTE3OA_5140faec-c67f-4e0d-a0e7-63a70291e036">one</ix:nonFraction> CAFL securitizations, respectively.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents origination fees and net market valuation changes from the time a loan is originated to when it is sold or transferred to our investment portfolio. For the three months ended March&#160;31, 2021 and 2020, we recorded loan origination fee income of $<ix:nonFraction unitRef="usd" contextRef="i4991c3886bcb49e9ba0cc754a89e56af_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="rwt:ServicingFees1" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTYzOTQ2OQ_0394cf11-8d7d-4a4e-8dc1-3753cc43c694">6</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="id016fee5f6ed4ea39a7339ec48de0db3_D20200101-20200331" decimals="-6" format="ixt:numdotdecimal" name="rwt:ServicingFees1" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MTkwMA_8569508e-0c5d-4a38-b38c-e95e06c0ef90">8</ix:nonFraction> million, respectively, through Mortgage banking activities, net on our consolidated statements of income (loss).</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents net market valuation changes for loans classified as held-for-investment.</span></div></ix:continuation><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Bridge Loans Held-for-Investment</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The outstanding bridge loans held-for-investment at March&#160;31, 2021 were first lien, interest-only loans with original maturities of <span style="-sec-ix-hidden:id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MTY5Ng_cc66ea5e-e253-411a-a187-c06bb1ccf2da">six</span> to <ix:nonNumeric contextRef="i84c3bd03dfae40e2941e3015ba95227d_D20210101-20210331" format="ixt-sec:durmonth" name="rwt:RealEstateOwnedHeldForInvestmentOriginalMaturityTerm" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MTcwMA_e247875a-4330-4e6e-8240-1ad3df3dfd51">24</ix:nonNumeric> months and were comprised of <ix:nonFraction unitRef="number" contextRef="i7a06d8ef9df648c1ba3ca1f5d9912977_D20210101-20210331" decimals="INF" name="rwt:RealEstateOwnedHeldForInvestmentAdjustableRatePercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MzA1Mg_e2195cf6-ab2a-468c-abe3-9c9e79e9891b">58</ix:nonFraction>% one-month LIBOR-indexed adjustable-rate loans and <ix:nonFraction unitRef="number" contextRef="i7a06d8ef9df648c1ba3ca1f5d9912977_D20210101-20210331" decimals="INF" name="rwt:RealEstateOwnedHeldForInvestmentFixedRatePercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MzA1Nw_3a935763-bd7f-4e1e-87ba-d47f51697069">42</ix:nonFraction>% fixed-rate loans. During the three months ended March&#160;31, 2021, we transferred <ix:nonFraction unitRef="loan" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="INF" format="ixt-sec:numwordsen" name="rwt:RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MTkxMw_2e986a83-c20b-4105-ab33-baafd1aeaece">two</ix:nonFraction> loans with a fair value of $<ix:nonFraction unitRef="usd" contextRef="i7a06d8ef9df648c1ba3ca1f5d9912977_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:TransferToOtherRealEstate" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MTk0MQ_cd424a9d-6f39-4971-ac13-eed4e01d78f5">1</ix:nonFraction> million to REO, which is included in Other assets on our consolidated balance sheets. At March&#160;31, 2021, we had a $<ix:nonFraction unitRef="usd" contextRef="if9aa2742c3094fdcb28cf58e3e552800_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:OtherCommitment" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MDAxMw_358f54ed-f840-4ceb-b4c7-de56b8ea5e81">283</ix:nonFraction> million commitment to fund bridge loans. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 16</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional information on this commitment.</span></div></ix:continuation><div style="margin-top:12pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 7. Business Purpose Loans - (continued)</span></div></div><ix:continuation id="i8d03b776f5394d58baf8dcdb1a55a4d8" continuedAt="i5530f49ee6ed4600b7260e826e7a361b"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Single-Family Rental Loans Held-for-Investment at CAFL</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;We invest in securities issued by CAFL securitizations sponsored by CoreVest and consolidate the underlying single-family rental loans owned by these entities. The outstanding single-family rental loans held-for-investment at CAFL at March&#160;31, 2021 were first-lien, fixed-rate loans with original maturities of five, seven, or ten years. <ix:continuation id="i49b865b18d954efe903820b2217f4dbc" continuedAt="ie64ed79e69bf4d13b845fccf81fe3730">The following table provides the activity of single-family rental loans held-for-investment at CAFL during the threes ended March&#160;31, 2021 and 2020. </ix:continuation></span></div><ix:continuation id="ie64ed79e69bf4d13b845fccf81fe3730" continuedAt="i684e12f8aab04d82a7a78e8b586ff035"><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.3 &#8211; Activity of Single-Family Rental Loans Held-for-Investment at CAFL</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.622%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="idfa2895dc5fd490788914aa70e9df4d3_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjRkYjUzZjIwOWRhMDRiNmI5MzgzOGJjYjFlMTcxYjRlL3RhYmxlcmFuZ2U6NGRiNTNmMjA5ZGEwNGI2YjkzODM4YmNiMWUxNzFiNGVfMi0yLTEtMS03NTk_3506439a-1581-4992-ad67-5786d6a1388f">60,901</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8841d1c35b5941129e927ca5347c82e5_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjRkYjUzZjIwOWRhMDRiNmI5MzgzOGJjYjFlMTcxYjRlL3RhYmxlcmFuZ2U6NGRiNTNmMjA5ZGEwNGI2YjkzODM4YmNiMWUxNzFiNGVfMi00LTEtMS03NTk_89af9f99-3dbf-4ba7-9992-c60cc61f9b00">271,917</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For loans held at our consolidated CAFL entities, market value changes are based on the estimated fair value of the associated ABS issued, including securities we own, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investments in these securitization entities is presented in Table 4.2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">.</span></div></ix:continuation><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Business Purpose Loan Characteristics</span></div><ix:continuation id="i684e12f8aab04d82a7a78e8b586ff035" continuedAt="i1bc053ab32ee4fd5ae68aeb33396451d"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following tables summarize the characteristics of the business purpose loans owned at Redwood and at consolidated CAFL entities at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.4 &#8211; Characteristics of Business Purpose Loans </span></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:56.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.372%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.372%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.374%"></td><td style="width:0.1%"></td></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at Redwood</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at CAFL</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Bridge</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i4f85fbc5e6214b4387c1ac57cf698861_D20210101-20210331" decimals="INF" name="srt:MortgageLoansOnRealEstateNumberOfLoans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMi0yLTEtMS03NTk_ac6d95dc-0ffc-465e-afdc-7e1bbe25fe17">77</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="idfa2895dc5fd490788914aa70e9df4d3_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="srt:MortgageLoansOnRealEstateNumberOfLoans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMi00LTEtMS03NTk_dabe6edf-1040-494a-a056-55cc06926b3a">1,120</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i492243a7716f4d4fa894f471591d7f5c_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="srt:MortgageLoansOnRealEstateNumberOfLoans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMi02LTEtMS03NTk_3868f1bd-faee-4ea3-8116-2a77c3879de6">2,097</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib29ffcccbd3d40cb9a6d3108ddcd9062_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMy0yLTEtMS03NTk_cd7ddd5b-692b-4aaf-b7e1-be541fe87666">322,181</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i504a906c103343dab5bbfc166ac64011_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMy00LTEtMS03NTk_916f499d-e470-4ed2-ad57-9436d8bae311">3,029,498</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibca8159304e94b969468cf46289a3001_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMy02LTEtMS03NTk_ee54b497-b700-458a-816e-d620f9fcd2c5">629,934</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib29ffcccbd3d40cb9a6d3108ddcd9062_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNC0yLTEtMS03NTk_97956c0d-bd86-42d8-97dc-9ad7032a3d37">333,110</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i504a906c103343dab5bbfc166ac64011_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNC00LTEtMS03NTk_53821c86-2b80-47fe-a941-37a485acb28b">3,212,526</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibca8159304e94b969468cf46289a3001_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNC02LTEtMS03NTk_b8eb6a14-8cc5-4bfa-ae53-74eefbc88818">626,484</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average coupon</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ib29ffcccbd3d40cb9a6d3108ddcd9062_I20210331" decimals="4" name="rwt:FinancingReceivablesWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNS0yLTEtMS03NTk_1e9907b0-0fc7-4b5f-a414-af33ece44140">4.84</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i504a906c103343dab5bbfc166ac64011_I20210331" decimals="4" name="rwt:FinancingReceivablesWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNS00LTEtMS03NTk_e607c485-ad6c-4231-a98c-993c6b4d0b51">5.41</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ibca8159304e94b969468cf46289a3001_I20210331" decimals="4" name="rwt:FinancingReceivablesWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNS02LTEtMS03NTk_1b8ac4ef-d83a-44c7-8f68-594e0bb97a2a">7.93</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average remaining loan term (years)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i4f85fbc5e6214b4387c1ac57cf698861_D20210101-20210331" format="ixt-sec:duryear" name="rwt:FinancingReceivableContractMaturities" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNi0yLTEtMS03NTk_f622c64d-ca36-423f-9570-fb921b26c28e">7</ix:nonNumeric></span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="idfa2895dc5fd490788914aa70e9df4d3_D20210101-20210331" format="ixt-sec:duryear" name="rwt:FinancingReceivableContractMaturities" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNi00LTEtMS03NTk_222846ee-2d09-479a-8cdb-37bc8d06e62b">5</ix:nonNumeric></span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i492243a7716f4d4fa894f471591d7f5c_D20210101-20210331" format="ixt-sec:duryear" name="rwt:FinancingReceivableContractMaturities" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNi02LTEtMS03NTk_8ae0b7d3-bed4-4158-a187-88833a21b470">1</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under short-term debt facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iff568bac27b748dda1ed15b04d4ef8db_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNy0yLTEtMS03NTk_13596911-34fe-4b57-89c6-3e079c8b2b8a">74,733</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i73bc7d912e5d46df8ae484491bea4513_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNy02LTEtMS03NTk_6d45e93f-45f1-49c3-8f62-38481dba138c">90,096</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under long-term debt facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie4ad90a0117047d290b65b6aace0f1e8_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfOC0yLTEtMS03NTk_da478379-f07a-41da-b4fe-20bca6e8f99f">228,125</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6a1b962f7b32448faf0ddb1903b37f22_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfOC02LTEtMS03NTk_2af9d4eb-d6ae-4865-9f38-d96a76e3f165">522,050</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="icb163bf62a314d2888278e1145d40a15_I20210331" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansPastDue" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTEtMi0xLTEtNzU5_ccecee64-de03-43be-bfac-2e6be1e95990">9</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="ifc3f1eaa49474916a02c459024768293_I20210331" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansPastDue" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTEtNC0xLTEtNzU5_6955edbd-0c08-43eb-aee4-f96fc0e9755a">21</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i98eef0a058c943609e3559a735e76e58_I20210331" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansPastDue" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTEtNi0xLTEtNzU5_f1f39798-8523-48f3-a623-c9d11acdfc55">31</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb163bf62a314d2888278e1145d40a15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTItMi0xLTEtNzU5_249c0a33-b5fc-4b7e-a55e-4fa7057ecc74">6,883</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifc3f1eaa49474916a02c459024768293_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTItNC0xLTEtNzU5_b9164097-694f-4a07-b08a-e2f5d6b2cf9a">57,985</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i98eef0a058c943609e3559a735e76e58_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTItNi0xLTEtNzU5_8d5b4004-d3db-4066-8767-c8d46bb24733">17,850</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icb163bf62a314d2888278e1145d40a15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FinancingReceivableRecordedInvestmentPastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTMtMi0xLTEtNzU5_36363bb2-9b01-4609-a145-49e098ba6188">5,676</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i98eef0a058c943609e3559a735e76e58_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FinancingReceivableRecordedInvestmentPastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTMtNi0xLTEtNzU5_af7a966d-4ee1-4f5f-84eb-2b707d3d117e">14,556</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="ib29ffcccbd3d40cb9a6d3108ddcd9062_I20210331" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansInForeclosure" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTQtMi0xLTEtNzU5_710ed7b7-f925-4130-a03d-aeda23a4f394">7</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i504a906c103343dab5bbfc166ac64011_I20210331" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansInForeclosure" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTQtNC0xLTEtNzU5_49852338-2479-4987-acf3-8159d0ae8333">11</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="ibca8159304e94b969468cf46289a3001_I20210331" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansInForeclosure" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTQtNi0xLTEtNzU5_c72969ac-090a-4db5-bece-815be2f7049e">57</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib29ffcccbd3d40cb9a6d3108ddcd9062_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTUtMi0xLTEtNzU5_a6307167-0062-4185-b571-77f68d784f7d">5,976</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i504a906c103343dab5bbfc166ac64011_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTUtNC0xLTEtNzU5_d30a15fd-c1c6-4745-aa1d-1c151bd8964f">21,234</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibca8159304e94b969468cf46289a3001_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTUtNi0xLTEtNzU5_fc8ab8f8-4c50-47b0-ac50-33af9f965863">20,424</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans in foreclosure</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib29ffcccbd3d40cb9a6d3108ddcd9062_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTYtMi0xLTEtNzU5_6340373d-f3ee-4e00-91a9-2a831449db87">4,808</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibca8159304e94b969468cf46289a3001_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTYtNi0xLTEtNzU5_e5d50e8d-5de6-476f-98db-bd84beb36d24">17,183</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:continuation></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">32</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 7. Business Purpose Loans - (continued)</span></div></div><ix:continuation id="i5530f49ee6ed4600b7260e826e7a361b" continuedAt="ic05f27c0c7ec42e388ec6475bd607ba0"><ix:continuation id="i1bc053ab32ee4fd5ae68aeb33396451d"><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:56.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.372%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.372%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.374%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at Redwood</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at CAFL</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td></tr><tr style="height:23pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i72655b57c425465da718bdb2f6183a27_D20200101-20201231" decimals="INF" name="srt:MortgageLoansOnRealEstateNumberOfLoans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMi0yLTEtMS03NTk_6c1a8264-1c46-4876-9fd3-ed0539b923f3">65</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i929788c4ede64530b2427c9b3a12a79a_D20200101-20201231" decimals="INF" format="ixt:numdotdecimal" name="srt:MortgageLoansOnRealEstateNumberOfLoans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMi00LTEtMS03NTk_d5c02a95-e3f6-4876-8fc3-936c496451a2">1,094</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="ibcf477e566a64b1ba4a3d2b8df497519_D20200101-20201231" decimals="INF" format="ixt:numdotdecimal" name="srt:MortgageLoansOnRealEstateNumberOfLoans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMi02LTEtMS03NTk_8eb2eedb-9b11-4b36-b3eb-4dcbd8faae99">1,725</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7ad6037d564a4ee2b57d132e9cbb8e26_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMy0yLTEtMS03NTk_ca76f7cd-7379-45bf-8916-b1304c6f6385">234,475</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2cea81bdfda14814ab5e4c7fbbcdb3e6_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMy00LTEtMS03NTk_0c976b5b-3351-4a45-9be3-623d627d5af7">3,017,137</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iebbdb11da281433fb1664cf80991141b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMy02LTEtMS03NTk_57c156d1-b987-438a-a7f1-bc88f0c866c5">649,532</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7ad6037d564a4ee2b57d132e9cbb8e26_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNC0yLTEtMS03NTk_fec9f2a2-c0c8-400d-822b-3c4d2b93de7d">245,394</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2cea81bdfda14814ab5e4c7fbbcdb3e6_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNC00LTEtMS03NTk_56b36bc3-e9fb-4272-af86-2671e07e5f87">3,249,194</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iebbdb11da281433fb1664cf80991141b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNC02LTEtMS03NTk_d80ba783-5475-481a-a77d-c437b188ecd5">641,765</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average coupon</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i7ad6037d564a4ee2b57d132e9cbb8e26_I20201231" decimals="4" name="rwt:FinancingReceivablesWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNS0yLTEtMS03NTk_be508a78-71ab-4aef-bca5-8a3f99d00bfa">4.84</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i2cea81bdfda14814ab5e4c7fbbcdb3e6_I20201231" decimals="4" name="rwt:FinancingReceivablesWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNS00LTEtMS03NTk_2740603d-ed4b-4ddd-85e4-e8958376379e">5.44</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="iebbdb11da281433fb1664cf80991141b_I20201231" decimals="4" name="rwt:FinancingReceivablesWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNS02LTEtMS03NTk_b6286fb4-5d99-4458-9595-d7c6210f35be">8.09</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average remaining loan term (years)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i72655b57c425465da718bdb2f6183a27_D20200101-20201231" format="ixt-sec:duryear" name="rwt:FinancingReceivableContractMaturities" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNi0yLTEtMS03NTk_0320b002-e4e6-443b-b8d7-232a781d83c2">8</ix:nonNumeric></span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i929788c4ede64530b2427c9b3a12a79a_D20200101-20201231" format="ixt-sec:duryear" name="rwt:FinancingReceivableContractMaturities" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNi00LTEtMS03NTk_ac580a13-a392-46b5-aae9-04bc434c2661">5</ix:nonNumeric></span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ibcf477e566a64b1ba4a3d2b8df497519_D20200101-20201231" format="ixt-sec:duryear" name="rwt:FinancingReceivableContractMaturities" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNi02LTEtMS03NTk_0753b379-5ed3-437f-a061-ac4a234c9e37">1</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under short-term debt facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iae9b973f96ef4677bb359a4c156a9c3a_D20200101-20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNy0yLTEtMS03NTk_04e35b1b-eb80-40ba-9f2e-285766fe3aad">34,098</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i11156c8ad810432a9ccd33592d0e9219_D20200101-20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNy02LTEtMS03NTk_3fe3e01a-405b-4fac-b2af-83f27eb0858f">92,931</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under long-term debt facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i081e92dcf4c34922aada903500073b34_D20200101-20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfOC0yLTEtMS03NTk_6c57993a-182e-46c7-b3e2-682c41f6727e">154,774</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i040d58fcfa4d444fb048d24030cb504f_D20200101-20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfOC02LTEtMS03NTk_2cbc4318-2962-4078-a98d-982337805415">544,151</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="iaa4b46b9f47047a793b26cb3b2e9074c_I20201231" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansPastDue" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTEtMi0xLTEtNzU5_d3cfbec0-adbb-4719-a32e-4db8c84788f1">10</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i25bf69d82ffa40c8bb7622709ff706e0_I20201231" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansPastDue" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTEtNC0xLTEtNzU5_851c262a-c43f-4b7e-94f5-46f52e72ce75">22</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i854d5bb7d03a4b9288b07561a48f731e_I20201231" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansPastDue" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTEtNi0xLTEtNzU5_a564792b-85d4-4193-b442-33c78163f69e">31</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iaa4b46b9f47047a793b26cb3b2e9074c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTItMi0xLTEtNzU5_0179b024-154c-4051-8546-3868fc4413a6">7,127</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i25bf69d82ffa40c8bb7622709ff706e0_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTItNC0xLTEtNzU5_d6b2b354-4a3f-46dd-935c-9160932e587b">61,440</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i854d5bb7d03a4b9288b07561a48f731e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTItNi0xLTEtNzU5_e5b06151-d5f4-44e0-9192-d62772f1a3d0">39,415</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iaa4b46b9f47047a793b26cb3b2e9074c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FinancingReceivableRecordedInvestmentPastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTMtMi0xLTEtNzU5_fed543eb-148c-4096-9c07-26ff673da510">6,143</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i854d5bb7d03a4b9288b07561a48f731e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FinancingReceivableRecordedInvestmentPastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTMtNi0xLTEtNzU5_0aa4a232-5b0c-4101-973d-7543d1dcbff1">33,605</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i7ad6037d564a4ee2b57d132e9cbb8e26_I20201231" decimals="INF" format="ixt:zerodash" name="rwt:FinancingReceivableNumberOfLoansInForeclosure" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTQtMi0xLTEtNzU5_65ec17bb-1b66-45d9-9a9b-7929160103e2">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i2cea81bdfda14814ab5e4c7fbbcdb3e6_I20201231" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansInForeclosure" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTQtNC0xLTEtNzU5_d42a4af1-9e42-4853-93bf-ef60e483915f">10</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="iebbdb11da281433fb1664cf80991141b_I20201231" decimals="INF" name="rwt:FinancingReceivableNumberOfLoansInForeclosure" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTQtNi0xLTEtNzU5_6723226e-34b8-4efb-b9fa-b6a0bc968f57">25</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7ad6037d564a4ee2b57d132e9cbb8e26_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTUtMi0xLTEtNzU5_c85e7f87-06cc-4548-8fb3-eda980653062">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2cea81bdfda14814ab5e4c7fbbcdb3e6_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTUtNC0xLTEtNzU5_fc0383bf-c3ae-49e2-a1e6-d434f0d31383">24,745</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iebbdb11da281433fb1664cf80991141b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTUtNi0xLTEtNzU5_77ed189f-a642-40ad-b987-da7f170ab52c">38,552</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans in foreclosure</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7ad6037d564a4ee2b57d132e9cbb8e26_I20201231" decimals="-3" format="ixt:zerodash" name="rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTYtMi0xLTEtNzU5_f21f6889-bcfb-45f8-9268-dda44e4d9fa9">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iebbdb11da281433fb1664cf80991141b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTYtNi0xLTEtNzU5_0990445e-32fa-4d46-a2c4-9e3cbf4a8668">33,066</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The number of loans greater than 90 days delinquent includes loans in foreclosure.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities.</span></div></ix:continuation></ix:continuation><div id="ibbb1cfc257ec4428ade8d1d12a26495b_61"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 8. <ix:continuation id="ic05f27c0c7ec42e388ec6475bd607ba0" continuedAt="ib21f169f6e3d49eeb520fd6808fe0289">Multifamily Loans</ix:continuation></span></div><ix:continuation id="ib21f169f6e3d49eeb520fd6808fe0289" continuedAt="i591d114810814c0eaebe626f353f9685"><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We invest in multifamily subordinate securities issued by a Freddie Mac K-Series securitization trust and consolidate the underlying multifamily loans owned by this entity for financial reporting purposes in accordance with GAAP. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:ScheduleOfMultifamilyLoansTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RleHRyZWdpb246ZTIxY2I0MTEwZWFhNGViZDk4YmEyYjBlZjMyYzgyN2VfMTYwNA_fd73e9ba-4197-4899-87d3-ee31542e1384" continuedAt="i7fda654565c84a098413f45d37dac8de" escape="true">The following table summarizes the characteristics of the multifamily loans consolidated at Redwood at March&#160;31, 2021 and December&#160;31, 2020.</ix:nonNumeric></span></div><ix:continuation id="i7fda654565c84a098413f45d37dac8de" continuedAt="ie62b398154db472c9ae6ba8127163b5b"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 8.1 &#8211; Characteristics of Multifamily Loans</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:61.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.816%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.819%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i90e33127c0584ae9a929b38116f475d1_D20210101-20210331" decimals="INF" name="srt:MortgageLoansOnRealEstateNumberOfLoans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfMS0yLTEtMS04NjI_b9da5f3d-3010-477b-aac9-182b11f9a2fe">28</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i17c00bbc0d6d444a85b6f4ea447c35b7_D20200101-20201231" decimals="INF" name="srt:MortgageLoansOnRealEstateNumberOfLoans" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfMS00LTEtMS04NjI_c142c8da-29eb-40d9-b1e5-2b878b71d5a3">28</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i258d738321df44be85dc4dffa20da8cf_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfMi0yLTEtMS04NjI_a2e78ab7-d05a-48f6-90eb-7dcd3d62fb3b">460,861</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7f338722ac60493c871ea336fcdd75a7_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfMi00LTEtMS04NjI_ff391fe9-6f0b-43f0-9156-351eb5a95150">462,808</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i258d738321df44be85dc4dffa20da8cf_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfMy0yLTEtMS04NjI_bb94dbb6-3f65-4f89-bb78-2b94345afee0">489,545</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7f338722ac60493c871ea336fcdd75a7_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfMy00LTEtMS04NjI_780d88b0-a921-4275-af84-d90a61a94faf">492,221</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average coupon</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i258d738321df44be85dc4dffa20da8cf_I20210331" decimals="4" name="rwt:FinancingReceivablesWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfNC0yLTEtMS04NjI_5bff5224-92eb-4318-b794-cd6a2ff17aaa">4.25</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i7f338722ac60493c871ea336fcdd75a7_I20201231" decimals="4" name="rwt:FinancingReceivablesWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfNC00LTEtMS04NjI_4bbf8217-a13a-4b48-8a85-d54cc8694b99">4.25</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average remaining loan term (years)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i90e33127c0584ae9a929b38116f475d1_D20210101-20210331" format="ixt-sec:duryear" name="rwt:FinancingReceivableContractMaturities" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfNS0yLTEtMS04NjI_dcb3633c-532c-435f-a4bd-a65aaebb5199">5</ix:nonNumeric></span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i17c00bbc0d6d444a85b6f4ea447c35b7_D20200101-20201231" format="ixt-sec:duryear" name="rwt:FinancingReceivableContractMaturities" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfNS00LTEtMS04NjI_2a98b354-832f-47d7-84ba-161ddced0ae4">5</ix:nonNumeric></span></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i398ba31d834940e8b89e1b8955f5fb25_I20210331" decimals="INF" format="ixt:zerodash" name="rwt:FinancingReceivableNumberOfLoansPastDue" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfOC0yLTEtMS04NjI_62b40c43-f5b7-4a05-b266-4f7f6cdd44bb">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i82f27914fb814a928e04eacc5d5184dc_I20201231" decimals="INF" format="ixt:zerodash" name="rwt:FinancingReceivableNumberOfLoansPastDue" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfOC00LTEtMS04NjI_0c949a02-0743-4360-add1-1f8e3c83d811">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i258d738321df44be85dc4dffa20da8cf_I20210331" decimals="INF" format="ixt:zerodash" name="rwt:FinancingReceivableNumberOfLoansInForeclosure" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfMTEtMi0xLTEtODYy_7d7a4efb-b811-4846-97c8-2c8264e91622">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="loan" contextRef="i7f338722ac60493c871ea336fcdd75a7_I20201231" decimals="INF" format="ixt:zerodash" name="rwt:FinancingReceivableNumberOfLoansInForeclosure" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfMTEtNC0xLTEtODYy_0ef874ee-44c9-4315-8776-791942c9903d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div></ix:continuation></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">33</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="padding-right:-6.75pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 8. Multifamily Loans - (continued)</span></div><div><span><br/></span></div></div><ix:continuation id="i591d114810814c0eaebe626f353f9685"><ix:continuation id="ie62b398154db472c9ae6ba8127163b5b"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The outstanding multifamily loans held-for-investment at the consolidated Freddie Mac K-Series entity at March&#160;31, 2021 were first-lien, fixed-rate loans that were originated in 2015. The following table provides the activity of multifamily loans held-for-investment during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 8.2 &#8211; Activity of Multifamily Loans Held-for-Investment</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.622%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i898b10084a474e908eea70879fb991af_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmU1NmQ1YWJiNGRiMDQzNDA4ZWE5YzM5N2JkY2NiZjYwL3RhYmxlcmFuZ2U6ZTU2ZDVhYmI0ZGIwNDM0MDhlYTljMzk3YmRjY2JmNjBfMi0yLTEtMS04NzA_16974aa0-d27d-413f-a934-fa5a09c13d2f">730</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i5c34befa77754c9c81bfbe01f6427164_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmU1NmQ1YWJiNGRiMDQzNDA4ZWE5YzM5N2JkY2NiZjYwL3RhYmxlcmFuZ2U6ZTU2ZDVhYmI0ZGIwNDM0MDhlYTljMzk3YmRjY2JmNjBfMi00LTEtMS04NzA_180fa03d-166e-4539-904d-a1baf15e42e3">82,431</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Net market valuation gains (losses) on multifamily loans held-for-investment are recorded through Investment fair value changes, net on our consolidated statements of income (loss). For loans held at our consolidated Freddie Mac K-Series entity, market value changes are based on the estimated fair value of the associated ABS issued, including securities we own, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investment in these securitization entities is presented in Table 4.2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">.</span></div></ix:continuation></ix:continuation><div id="ibbb1cfc257ec4428ade8d1d12a26495b_67"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 9. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTAxODE_6f7acfd3-adc5-47b2-8807-8ee7b695fd6f" continuedAt="ifc72d2384d98452fa5ba1b4531384c57" escape="true">Real Estate Securities</ix:nonNumeric></span></div><ix:continuation id="ifc72d2384d98452fa5ba1b4531384c57" continuedAt="i8f8d6b5732244c23ab683ce83cf95f79"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We invest in real estate securities that we create and retain from our Sequoia securitizations or acquire from third parties. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTAyMTQ_ec6e1e26-47b2-4f64-89ce-d6cfd871a39c" continuedAt="i36b1131ccaff47c891a105238d52685c" escape="true">The following table presents the fair values of our real estate securities by type at March&#160;31, 2021 and December&#160;31, 2020.</ix:nonNumeric></span></div><ix:continuation id="i36b1131ccaff47c891a105238d52685c"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.1 &#8211; Fair Values of Real Estate Securities by Type </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:62.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.541%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjA2MTc2ODdhNDRjYzQ0MjY5MzA1NTUwMzhmZjAyNmFkL3RhYmxlcmFuZ2U6MDYxNzY4N2E0NGNjNDQyNjkzMDU1NTAzOGZmMDI2YWRfMS0yLTEtMS0w_ce2b675c-c728-4d43-9301-53a27ad71df6">145,390</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjA2MTc2ODdhNDRjYzQ0MjY5MzA1NTUwMzhmZjAyNmFkL3RhYmxlcmFuZ2U6MDYxNzY4N2E0NGNjNDQyNjkzMDU1NTAzOGZmMDI2YWRfMS00LTEtMS0w_1a51e43e-9834-4fad-ba2c-d8a9cfeb5e35">125,667</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Available-for-sale</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjA2MTc2ODdhNDRjYzQ0MjY5MzA1NTUwMzhmZjAyNmFkL3RhYmxlcmFuZ2U6MDYxNzY4N2E0NGNjNDQyNjkzMDU1NTAzOGZmMDI2YWRfMi0yLTEtMS0w_8c255ade-7fbf-4a4d-9129-95a41ba14df2">218,930</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjA2MTc2ODdhNDRjYzQ0MjY5MzA1NTUwMzhmZjAyNmFkL3RhYmxlcmFuZ2U6MDYxNzY4N2E0NGNjNDQyNjkzMDU1NTAzOGZmMDI2YWRfMi00LTEtMS0w_65f6608e-b26c-4d61-9caa-f6795f31afdf">218,458</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Real Estate Securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjA2MTc2ODdhNDRjYzQ0MjY5MzA1NTUwMzhmZjAyNmFkL3RhYmxlcmFuZ2U6MDYxNzY4N2E0NGNjNDQyNjkzMDU1NTAzOGZmMDI2YWRfMy0yLTEtMS0w_68ea3b75-712f-4907-ad43-fb09bfe5893c">364,320</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjA2MTc2ODdhNDRjYzQ0MjY5MzA1NTUwMzhmZjAyNmFkL3RhYmxlcmFuZ2U6MDYxNzY4N2E0NGNjNDQyNjkzMDU1NTAzOGZmMDI2YWRfMy00LTEtMS0w_3ca52f1b-07dd-4c36-94bc-ed2cc02ea918">344,125</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our real estate securities include mortgage-backed securities, which are presented in accordance with their general position within a securitization structure based on their rights to cash flows. Senior securities are those interests in a securitization that generally have the first right to cash flows and are last in line to absorb losses. Mezzanine securities are interests that are generally subordinate to senior securities in their rights to receive cash flows, and have subordinate securities below them that are first to absorb losses. Subordinate securities are all interests below mezzanine. Exclusive of our re-performing loan securities, nearly all of our residential securities are supported by collateral that was designated as prime at the time of issuance. </span></div></ix:continuation><div style="margin-top:12pt;text-align:justify"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">34</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div style="text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 9. Real Estate Securities - (continued)</span></div><div><span><br/></span></div></div><ix:continuation id="i8f8d6b5732244c23ab683ce83cf95f79" continuedAt="ifdc8488c5bec4f92833fbd72867ec581"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Trading Securities</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We elected the fair value option for certain securities and classify them as trading securities. Our trading securities include both residential and multifamily mortgage-backed securities, and our residential securities also include securities backed by re-performing loans ("RPL"). <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:TradingSecuritiesAndCertainTradingAssetsTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMjE5OTAyMzI3MTc5Mg_71ea614d-cf84-4c77-b1b1-8eec8e714a43" continuedAt="id1c345c6e08a47a082576a53a0dcef8d" escape="true">The following table presents the fair value of trading securities by position and collateral type at March&#160;31, 2021 and December&#160;31, 2020.</ix:nonNumeric></span></div><ix:continuation id="id1c345c6e08a47a082576a53a0dcef8d"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.2 &#8211; Fair Value of Trading Securities by Position </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:62.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.541%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Senior </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest-only securities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifa125fa7982b41c6a0f84d85e202a003_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMi0yLTEtMS04ODI_5dbe48b4-4161-44b8-9162-bf89280f8272">31,580</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3bc70ceab2be406ca3967b0d16134e6e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMi00LTEtMS04ODI_8b82042c-944d-4c2c-8a90-f98f63162231">28,464</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Senior</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i163568cdc6d8470b925904fdd2d48760_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfNS0yLTEtMS00MTIw_8888a04e-f530-44ea-b0dd-41334b38ce4f">31,580</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i10fc64439ad54fa2911816b2ad988d2c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfNS00LTEtMS00MTIw_23e4aa64-a2e5-4835-84a9-d41f3e8a09ea">28,464</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mezzanine</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sequoia securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i676a6293c98647e2a109ae47dc1d9af6_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfNy0yLTEtMS04ODI_6133fac5-34d9-408d-838f-6f9d4019437f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i497ed11c483842a89ca5aab9ff3bfd90_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfNy00LTEtMS04ODI_0803f669-e004-480d-bd2f-7a9f0ff033c8">3,649</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Mezzanine</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTAtMi0xLTEtNDEyMA_2dd413dd-ec92-40e2-a864-ce139dc0d7c2">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTAtNC0xLTEtNDEyMA_29aec7a0-44fc-4657-85a0-94c16b6abb10">3,649</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">RPL securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1d0f02cd624145a6ab3b9152598c5991_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTItMi0xLTEtODgy_7e83a966-deee-4fed-bf73-ecfc0ab4ca5c">59,958</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ice150911e82a42c6b2a42b17c82d4757_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTItNC0xLTEtODgy_a8fbd60b-4456-4ed5-a373-7113b6c92b6f">47,448</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic67c1f6ddb7943d39d3439c7594c8338_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTMtMi0xLTEtODgy_258e2294-bb45-485e-add8-52bae1e7a9da">9,437</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i63940858be88458c8de85b82b7a58cb6_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTMtNC0xLTEtODgy_15e431f1-5759-4845-8e75-3b47e5a187ba">5,592</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other third-party residential securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibd2177829f2449bdaaef16308a9f09d8_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTQtMi0xLTEtODgy_139e66d7-f794-40f6-8372-fae3120a7bae">44,415</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i47f33d28635445c5a3696fcce771a9d1_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTQtNC0xLTEtODgy_f868655b-ca49-4e97-b3a5-e1f542b164cb">40,514</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Subordinate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib52307d397bc4c12b59cdeaa48728bce_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTUtMi0xLTEtNDEyMA_fab60bd4-00dd-43a6-83ff-8b14423ee15e">113,810</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1459dc70790d4680b659614fef5cbba2_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTUtNC0xLTEtNDEyMA_d7bee8d8-9356-46b8-bdeb-8be80b1f67dd">93,554</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Trading Securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTYtMi0xLTEtNDEyMA_68535ae7-ad7e-490a-bce1-f55928047ea8">145,390</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTYtNC0xLTEtNDEyMA_8808e312-2b68-46b2-a079-7c9731a26331">125,667</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Includes $<ix:nonFraction unitRef="usd" contextRef="i92fce1e8be4a40e3ae33e07c1d1da8f1_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTA5OTUxMTY0MjIyOA_fb624860-496e-432d-aea2-1c56d3aed12a">18</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="i2a987fc08b724bc195636b4a2b789b45_I20201231" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:TradingSecurities" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTA5OTUxMTY0MjI0Ng_9ed89f47-9eeb-4484-bd69-ac7c4333d421">13</ix:nonFraction> million of Sequoia certificated mortgage servicing rights at March&#160;31, 2021 and December&#160;31, 2020, respectively.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the unpaid principal balance of trading securities by position and collateral type at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.3 &#8211; Unpaid Principal Balance of Trading Securities by Position </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:62.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.541%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Senior </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i163568cdc6d8470b925904fdd2d48760_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:InvestmentOwnedBalancePrincipalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjcwNzhiNDMzMmU2NDRhYmM4ODFiN2Y4MTZmNjE5NzdhL3RhYmxlcmFuZ2U6NzA3OGI0MzMyZTY0NGFiYzg4MWI3ZjgxNmY2MTk3N2FfMS0yLTEtMS04ODI_40bdcca3-d533-40bd-9516-6678a02b595c">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i10fc64439ad54fa2911816b2ad988d2c_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:InvestmentOwnedBalancePrincipalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjcwNzhiNDMzMmU2NDRhYmM4ODFiN2Y4MTZmNjE5NzdhL3RhYmxlcmFuZ2U6NzA3OGI0MzMyZTY0NGFiYzg4MWI3ZjgxNmY2MTk3N2FfMS00LTEtMS04ODI_789552c4-4753-4854-8df6-5b299ff40500">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mezzanine</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:InvestmentOwnedBalancePrincipalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjcwNzhiNDMzMmU2NDRhYmM4ODFiN2Y4MTZmNjE5NzdhL3RhYmxlcmFuZ2U6NzA3OGI0MzMyZTY0NGFiYzg4MWI3ZjgxNmY2MTk3N2FfMi0yLTEtMS04ODI_1f03cd8e-329a-407c-826e-b0853f0048f3">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentOwnedBalancePrincipalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjcwNzhiNDMzMmU2NDRhYmM4ODFiN2Y4MTZmNjE5NzdhL3RhYmxlcmFuZ2U6NzA3OGI0MzMyZTY0NGFiYzg4MWI3ZjgxNmY2MTk3N2FfMi00LTEtMS04ODI_4fe2d313-12dd-41f8-b7be-aa562eef6fa6">3,577</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subordinate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib52307d397bc4c12b59cdeaa48728bce_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentOwnedBalancePrincipalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjcwNzhiNDMzMmU2NDRhYmM4ODFiN2Y4MTZmNjE5NzdhL3RhYmxlcmFuZ2U6NzA3OGI0MzMyZTY0NGFiYzg4MWI3ZjgxNmY2MTk3N2FfMy0yLTEtMS04ODI_a6f8e707-a987-43cb-bdcc-d16dc2c23842">225,762</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1459dc70790d4680b659614fef5cbba2_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentOwnedBalancePrincipalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjcwNzhiNDMzMmU2NDRhYmM4ODFiN2Y4MTZmNjE5NzdhL3RhYmxlcmFuZ2U6NzA3OGI0MzMyZTY0NGFiYzg4MWI3ZjgxNmY2MTk3N2FfMy00LTEtMS04ODI_c6ff6cfb-ae22-4f8e-8439-693fc2cef95f">242,278</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Trading Securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentOwnedBalancePrincipalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjcwNzhiNDMzMmU2NDRhYmM4ODFiN2Y4MTZmNjE5NzdhL3RhYmxlcmFuZ2U6NzA3OGI0MzMyZTY0NGFiYzg4MWI3ZjgxNmY2MTk3N2FfNC0yLTEtMS00MTI3_e786805a-af9f-4d4b-b60e-ec7b672a9d05">225,762</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InvestmentOwnedBalancePrincipalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjcwNzhiNDMzMmU2NDRhYmM4ODFiN2Y4MTZmNjE5NzdhL3RhYmxlcmFuZ2U6NzA3OGI0MzMyZTY0NGFiYzg4MWI3ZjgxNmY2MTk3N2FfNC00LTEtMS00MTI5_44bd8ab3-644f-4a24-ab83-e0c0004e2eb5">245,855</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our senior trading securities include interest-only securities, for which there is no principal balance.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of trading securities during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.4 &#8211; Trading Securities Activity</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.622%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal balance of securities acquired</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsToAcquireTradingSecuritiesHeldforinvestment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllOTk2Yjk4YzJiZTQ3ZmI5ZDQ4NDU5NTkzNmIxZWE5L3RhYmxlcmFuZ2U6OWU5OTZiOThjMmJlNDdmYjlkNDg0NTk1OTM2YjFlYTlfMi0yLTEtMS04ODI_3f79a528-7855-4236-a26e-0a2c680d4576">15,880</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsToAcquireTradingSecuritiesHeldforinvestment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllOTk2Yjk4YzJiZTQ3ZmI5ZDQ4NDU5NTkzNmIxZWE5L3RhYmxlcmFuZ2U6OWU5OTZiOThjMmJlNDdmYjlkNDg0NTk1OTM2YjFlYTlfMi00LTEtMS04ODI_d3b4881e-d103-4a23-81bb-5a9bd79691d3">56,471</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal balance of securities sold</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromSaleOfTradingSecuritiesHeldforinvestment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllOTk2Yjk4YzJiZTQ3ZmI5ZDQ4NDU5NTkzNmIxZWE5L3RhYmxlcmFuZ2U6OWU5OTZiOThjMmJlNDdmYjlkNDg0NTk1OTM2YjFlYTlfMy0yLTEtMS04ODI_2fe17f53-381c-406a-a2c5-c08db3073dd8">34,743</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromSaleOfTradingSecuritiesHeldforinvestment" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllOTk2Yjk4YzJiZTQ3ZmI5ZDQ4NDU5NTkzNmIxZWE5L3RhYmxlcmFuZ2U6OWU5OTZiOThjMmJlNDdmYjlkNDg0NTk1OTM2YjFlYTlfMy00LTEtMS04ODI_1b662241-62d3-460e-a51a-2af32c2331d9">618,867</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IncreaseDecreaseInTradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllOTk2Yjk4YzJiZTQ3ZmI5ZDQ4NDU5NTkzNmIxZWE5L3RhYmxlcmFuZ2U6OWU5OTZiOThjMmJlNDdmYjlkNDg0NTk1OTM2YjFlYTlfNC0yLTEtMS04ODI_dd9d68d0-d5b2-49b4-adbe-38ccdb507a9e">21,349</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncreaseDecreaseInTradingSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllOTk2Yjk4YzJiZTQ3ZmI5ZDQ4NDU5NTkzNmIxZWE5L3RhYmxlcmFuZ2U6OWU5OTZiOThjMmJlNDdmYjlkNDg0NTk1OTM2YjFlYTlfNC00LTEtMS04ODI_4b5befc6-1a03-4930-b825-b9f8d9ba4ebb">263,325</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Net market valuation gains (losses) on trading securities are recorded through Investment fair value changes, net and Mortgage banking activities, net on our consolidated statements of income (loss).</span></div></ix:continuation></ix:continuation><div style="margin-top:8pt;text-align:justify"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">35</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div style="text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 9. Real Estate Securities - (continued)</span></div><div><span><br/></span></div></div><ix:continuation id="ifdc8488c5bec4f92833fbd72867ec581" continuedAt="i852be3bd1e65442791a1a132a9609c51"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">AFS Securities</span></div><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:DebtSecuritiesAvailableForSaleTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMjc0ODc3OTA4NTY4Mg_eec7d81a-887b-4b98-8a44-eabc6bc94cfb" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the fair value of our available-for-sale securities by position and collateral type at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.5 &#8211; Fair Value of Available-for-Sale Securities by Position </span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:62.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.541%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mezzanine</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other third-party residential securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6bfbf5123f75499d8e0a8f1f8c13ca08_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfNy0yLTEtMS05Mjc_c6464e4b-004f-4921-ba0d-90ccec39f1af">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3b6a6fe53c1447f4ae3ec62037436186_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfNy00LTEtMS05Mjc_f73025e3-6064-4001-9138-14d815e1c335">2,014</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Mezzanine</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfOC0yLTEtMS00MTUx_14216068-a038-4bda-8926-3ba3af60c4c2">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfOC00LTEtMS00MTUx_5624d531-a73b-41c2-b4a7-fecdaa95049b">2,014</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sequoia securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2e7e1af524744d54be912674de5931df_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTAtMi0xLTEtOTI3_6d75b52e-91fa-4224-9f7d-ef530cc7c814">141,632</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i268587586c3b475ba5b74f369cd77541_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTAtNC0xLTEtOTI3_7245b609-8d83-4a6c-b0a0-4298d65c8db5">136,475</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic67c1f6ddb7943d39d3439c7594c8338_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTEtMi0xLTEtOTI3_9c3a6873-94a0-4d84-a2e4-5d0c02d9dfea">38,647</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i63940858be88458c8de85b82b7a58cb6_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTEtNC0xLTEtOTI3_5ea263c5-1169-4953-9be6-6549d7c8ddc4">43,663</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other third-party residential securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibd2177829f2449bdaaef16308a9f09d8_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTItMi0xLTEtOTI3_dac81862-b07a-4445-8438-8ad71d1c3a05">38,651</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i47f33d28635445c5a3696fcce771a9d1_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTItNC0xLTEtOTI3_5e4e2445-3d1a-4d4b-933d-458dcd92d7d2">36,306</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Subordinate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib52307d397bc4c12b59cdeaa48728bce_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTMtMi0xLTEtNDE1MQ_e7249309-b74b-439d-ae29-ed3b262f5596">218,930</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1459dc70790d4680b659614fef5cbba2_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTMtNC0xLTEtNDE1MQ_6b7b179d-8f74-4030-b28d-68112b3ff33e">216,444</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total AFS Securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTQtMi0xLTEtNDE1MQ_29f10e0c-c2a2-4441-820f-432f4600aa4d">218,930</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTQtNC0xLTEtNDE1MQ_1b5e20f5-eee3-4c97-bd8d-6beca74c5c9f">218,458</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of available-for-sale securities during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.6 &#8211; Available-for-Sale Securities Activity</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.622%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of securities acquired</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsToAcquireAvailableForSaleSecuritiesDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0MjBlZmFiNDA4NjRlYTA4OWQ1NmY1NDNmMzIyNjEwL3RhYmxlcmFuZ2U6NjQyMGVmYWI0MDg2NGVhMDg5ZDU2ZjU0M2YzMjI2MTBfMi0yLTEtMS05Mjc_ac5efdff-47d2-48cd-9d6b-c71421e91803">1,078</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PaymentsToAcquireAvailableForSaleSecuritiesDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0MjBlZmFiNDA4NjRlYTA4OWQ1NmY1NDNmMzIyNjEwL3RhYmxlcmFuZ2U6NjQyMGVmYWI0MDg2NGVhMDg5ZDU2ZjU0M2YzMjI2MTBfMi00LTEtMS05Mjc_101f57ce-cd6c-469b-8cc0-46d4a5656260">31,181</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of securities sold</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromSaleOfAvailableForSaleSecuritiesDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0MjBlZmFiNDA4NjRlYTA4OWQ1NmY1NDNmMzIyNjEwL3RhYmxlcmFuZ2U6NjQyMGVmYWI0MDg2NGVhMDg5ZDU2ZjU0M2YzMjI2MTBfMy0yLTEtMS05Mjc_f9a05e60-ef68-4878-abec-64c6b753d8e6">2,200</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProceedsFromSaleOfAvailableForSaleSecuritiesDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0MjBlZmFiNDA4NjRlYTA4OWQ1NmY1NDNmMzIyNjEwL3RhYmxlcmFuZ2U6NjQyMGVmYWI0MDg2NGVhMDg5ZDU2ZjU0M2YzMjI2MTBfMy00LTEtMS05Mjc_7316af96-c27b-4c16-b24f-fec7b077fd3d">46,457</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net realized gains recorded </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" name="us-gaap:DebtSecuritiesAvailableForSaleRealizedGain" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0MjBlZmFiNDA4NjRlYTA4OWQ1NmY1NDNmMzIyNjEwL3RhYmxlcmFuZ2U6NjQyMGVmYWI0MDg2NGVhMDg5ZDU2ZjU0M2YzMjI2MTBfNC0yLTEtMS05Mjc_614567bc-f35f-4c88-a0ad-511de29bf312">200</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtSecuritiesAvailableForSaleRealizedGain" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0MjBlZmFiNDA4NjRlYTA4OWQ1NmY1NDNmMzIyNjEwL3RhYmxlcmFuZ2U6NjQyMGVmYWI0MDg2NGVhMDg5ZDU2ZjU0M2YzMjI2MTBfNC00LTEtMS05Mjc_1e436e3c-d702-44f3-9c88-1eec2b571591">3,852</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March 31, 2021, we called one of our unconsolidated Sequoia entities, and purchased $<ix:nonFraction unitRef="usd" contextRef="i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="rwt:UnpaidPrincipalBalanceOfSecuritizationPurchased" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTA5OTUxMTY0NDk3Ng_323e2af0-3d4d-4bf9-b718-a10eb43aeb7c">19</ix:nonFraction>&#160;million (unpaid principal balance) of loans from the securitization trust. In association with this call, we realized a $<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:GainLossOnSecuritizationOfFinancialAssets" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTA5OTUxMTY0NTA2MQ_36d41065-6f8a-42e6-9a30-c490e85702a1">2</ix:nonFraction>&#160;million gain on the securities we owned from this securitization, which was recognized through Realized gains, net on our consolidated statements of income.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We often purchase AFS securities at a discount to their outstanding principal balances. To the extent we purchase an AFS security that has a likelihood of incurring a loss, we do not amortize into income the portion of the purchase discount that we do not expect to collect due to the inherent credit risk of the security. We may also expense a portion of our investment in the security to the extent we believe that principal losses will exceed the purchase discount. We designate any amount of unpaid principal balance that we do not expect to receive and thus do not expect to earn or recover as a credit reserve on the security. Any remaining net unamortized discounts or premiums on the security are amortized into income over time using the effective yield method. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, we had $<ix:nonFraction unitRef="usd" contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNTkwNg_90173bc1-6b86-4e38-b326-f517d50346e6">35</ix:nonFraction> million of AFS securities with contractual maturities less than five years, $<ix:nonFraction unitRef="usd" contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNTk2OQ_af5513b5-4f38-4b69-8f64-888005cecb51">4</ix:nonFraction> million with contractual maturities greater than five years but less than ten years, and the remainder of our AFS securities had contractual maturities greater than ten years.</span></div></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">36</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div style="text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 9. Real Estate Securities - (continued)</span></div><div><span><br/></span></div></div><ix:continuation id="i852be3bd1e65442791a1a132a9609c51" continuedAt="i52bcfdd8960c4686ac635dc9c933f5e1"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTAyMzE_c93fbcd2-107d-4aea-90fb-078c00a31116" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the components of carrying value (which equals fair value) of AFS securities at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.7 &#8211; Carrying Value of AFS Securities</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:56.400%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.372%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.372%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.374%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mezzanine</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331" decimals="-3" format="ixt:zerodash" name="rwt:DebtSecuritiesAvailableForSalePrincipalBalance" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfMi00LTEtMS0w_e819e58d-ad27-44a7-8bb8-9fbbfba28cfd">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i74c1aa9ef373459083200de520cff7ba_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtSecuritiesAvailableForSalePrincipalBalance" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfMi02LTEtMS0w_6391131b-3e7c-415e-95b0-fc098ad35a6b">273,595</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtSecuritiesAvailableForSalePrincipalBalance" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfMi04LTEtMS0w_35171270-7485-466a-b820-a3c603166640">273,595</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit reserve</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331" decimals="-3" format="ixt:zerodash" name="rwt:DebtSecuritiesAvailableForSaleCreditReserve" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfMy00LTEtMS0w_c1c27519-7a7a-4976-b208-88450ecbb23d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i74c1aa9ef373459083200de520cff7ba_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtSecuritiesAvailableForSaleCreditReserve" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfMy02LTEtMS0w_9dfdae14-b28d-4146-b092-874a5ab86870">44,947</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtSecuritiesAvailableForSaleCreditReserve" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfMy04LTEtMS0w_6109cde8-afe0-436a-b0fe-bcf7fcca6820">44,947</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Unamortized discount, net</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331" decimals="-3" format="ixt:zerodash" name="rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNC00LTEtMS0w_6f41b408-2c15-4bb7-aab4-4d24e38c663d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i74c1aa9ef373459083200de520cff7ba_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNC02LTEtMS0w_2b61e7ae-484f-4f98-8b01-2e8b70368c91">94,188</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNC04LTEtMS0w_b9e1d9e1-4327-44b0-8818-6f83315fd259">94,188</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortized cost</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNS00LTEtMS0w_f88953e1-501d-4360-ae54-a5418b6cccf6">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i74c1aa9ef373459083200de520cff7ba_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNS02LTEtMS0w_3ddfd649-11ae-468b-944b-078ff48e4689">134,460</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNS04LTEtMS0w_30372f95-0075-4bea-bbf0-ebf3e7158780">134,460</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross unrealized gains</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNi00LTEtMS0w_5abc1343-78cd-4a2b-a8d1-9d32d3957750">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i74c1aa9ef373459083200de520cff7ba_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNi02LTEtMS0w_48dcc9e3-96ad-4de0-bcf3-b21179f1312e">84,735</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNi04LTEtMS0w_9367c0c0-47f2-45bf-99fd-349cffa8f215">84,735</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross unrealized losses</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNy00LTEtMS0w_354e3589-b673-4ffa-9b32-d83c006ed884">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i74c1aa9ef373459083200de520cff7ba_I20210331" decimals="-3" name="us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNy02LTEtMS0w_80235c4e-ff2a-441e-a469-bc88df2f5e86">252</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" name="us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNy04LTEtMS0w_d5f411fe-fe3b-4935-afdf-0319ff0d927e">252</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">CECL allowance</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfOC00LTEtMS0w_13086be3-0bc3-431d-a7f3-643dfeeb5c83">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i74c1aa9ef373459083200de520cff7ba_I20210331" decimals="-3" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfOC02LTEtMS0w_5096281e-bc9f-4212-a795-24320a5ec45b">13</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfOC04LTEtMS0w_36d92f01-1c93-428e-b051-564add6464ce">13</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying Value</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfOS00LTEtMS0w_3331550d-3324-4798-88e5-01267b78e9ce">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i74c1aa9ef373459083200de520cff7ba_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfOS02LTEtMS0w_25424e73-b512-492f-a1fe-7785ba7b935b">218,930</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfOS04LTEtMS0w_0f5a48c5-87fa-4ab4-95d0-2dde14cad656">218,930</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:56.400%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.372%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.372%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.374%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mezzanine</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtSecuritiesAvailableForSalePrincipalBalance" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfMi00LTEtMS0w_3c6f1107-c12e-4b8c-864e-b5238b6359a7">2,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3d5db6b065a04c388079adccfbf780e3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtSecuritiesAvailableForSalePrincipalBalance" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfMi02LTEtMS0w_b29b6484-5588-42c8-93ad-2fca69a1533e">281,284</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtSecuritiesAvailableForSalePrincipalBalance" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfMi04LTEtMS0w_b57e1084-b13f-4ef6-8882-512a14335ab6">283,284</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit reserve</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231" decimals="-3" format="ixt:zerodash" name="rwt:DebtSecuritiesAvailableForSaleCreditReserve" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfMy00LTEtMS0w_fe8d9d71-f4e5-49c1-ba94-0521ce77e2e3">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i3d5db6b065a04c388079adccfbf780e3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtSecuritiesAvailableForSaleCreditReserve" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfMy02LTEtMS0w_8ca994df-d38e-4c70-a1d9-48e1554e53a4">44,967</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtSecuritiesAvailableForSaleCreditReserve" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfMy04LTEtMS0w_d88be8f8-77fe-4595-9ea3-b5b9bc6c55a0">44,967</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Unamortized discount, net</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231" decimals="-3" format="ixt:zerodash" name="rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNC00LTEtMS0w_9be0f302-cceb-4b5a-8187-cb3800d02405">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i3d5db6b065a04c388079adccfbf780e3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNC02LTEtMS0w_f38d63c2-4c86-4370-8820-2447e2baa94d">95,718</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNC04LTEtMS0w_03bf87ae-9497-449d-aa4d-18f773e3975c">95,718</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortized cost</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNS00LTEtMS0w_18bad799-b02d-4227-a895-51f03f7b82c0">2,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3d5db6b065a04c388079adccfbf780e3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNS02LTEtMS0w_705acd2e-f55f-4346-9552-e0b248c6e3d9">140,599</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNS04LTEtMS0w_c5150373-5b54-47dc-ae3b-4723a3d745a0">142,599</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross unrealized gains</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231" decimals="-3" name="us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNi00LTEtMS0w_7998ae83-0a5f-4570-857f-a2e84656c3bc">14</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3d5db6b065a04c388079adccfbf780e3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNi02LTEtMS0w_1258e759-79d1-47f7-b456-5e13be2723e0">77,280</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNi04LTEtMS0w_3d65bcfd-cb27-407b-b863-b27770cbda08">77,294</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross unrealized losses</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNy00LTEtMS0w_44838fd9-9423-4618-9869-9375b0fe5a17">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i3d5db6b065a04c388079adccfbf780e3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNy02LTEtMS0w_7a92ce07-0b4e-459c-9ebe-32760c0dcf57">1,047</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNy04LTEtMS0w_2c6596ed-0a5a-46b7-b094-3704ba721f4e">1,047</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">CECL allowance</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfOC00LTEtMS05NzU_588097f7-72ad-4e2f-91ad-e9a7feb6fb7f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i3d5db6b065a04c388079adccfbf780e3_I20201231" decimals="-3" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfOC02LTEtMS05NzU_4349f71b-10f6-41de-9231-2caba823f4cb">388</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfOC04LTEtMS05NzU_4c2e3f2f-1f66-4b3f-a3fe-e186607fe805">388</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying Value</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfOC00LTEtMS0w_5ac5fbb3-493d-4b23-ac19-b87b2811e230">2,014</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3d5db6b065a04c388079adccfbf780e3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfOC02LTEtMS0w_557b646d-2d41-417b-972c-2d736d3c1a82">216,444</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfOC04LTEtMS0w_6e3b9f0b-f1d8-41a1-b6cf-d68eb5fa90bd">218,458</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTAyNDU_1f3819fa-0701-4689-ac6e-391da6969a5b" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the changes for the three months ended March&#160;31, 2021, in unamortized discount and designated credit reserves on residential AFS securities.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.8 &#8211; Changes in Unamortized Discount and Designated Credit Reserves on AFS Securities</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:64.177%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.569%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Credit<br/>Reserve</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Unamortized<br/>Discount, Net</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Beginning balance</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i51ab6e842d5f422ab735aaae63348ae1_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfMy0yLTEtMS0w_475da7d7-3ebc-4a9b-89c4-66bd44840830">44,967</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i51ab6e842d5f422ab735aaae63348ae1_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfMy00LTEtMS0w_7a45776a-1e43-461b-a0f8-9ecc991eafd7">95,718</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization of net discount</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfNC0yLTEtMS0w_75b32e5d-9442-44a3-bb63-23d990866151">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfNC00LTEtMS0w_1267f2fe-b23f-4085-a1ec-d992520fe5d3">1,614</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized credit losses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331" decimals="-3" sign="-" name="rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfNS0yLTEtMS0w_439e0102-b153-4e46-a8ba-2ff37b8d3cd7">137</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfNS00LTEtMS0w_03356af3-7fcd-411e-b1ec-66bb94490988">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisitions</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfNi0yLTEtMS0w_4c9d2a53-3585-49f8-a2ee-8d5819524282">1,935</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331" decimals="-3" name="rwt:AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfNi00LTEtMS0w_2efcee52-a73b-4307-8fca-0b7356cf8434">840</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sales, calls, other</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331" decimals="-3" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfNy0yLTEtMS0w_6efbd401-99ed-467c-aaa2-b56c2504030e">274</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfNy00LTEtMS0w_a5ab5fcd-01ec-4e85-895f-d99d7807ecb2">2,300</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfers to (release of) credit reserves, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfOS0yLTEtMS0w_a18d5d1e-8e8e-41d1-b666-803950268ba2">1,544</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfOS00LTEtMS0w_aea38858-2c43-4f0d-8e49-344babc03a1a">1,544</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Ending Balance</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfMTAtMi0xLTEtMA_3ac53e31-a877-4d7d-848a-e8be04d74eac">44,947</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfMTAtNC0xLTEtMA_1825a610-11e0-494f-8657-94bf8292b043">94,188</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div></ix:nonNumeric></ix:continuation><div><span><br/></span></div><div><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">37</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div style="text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 9. Real Estate Securities - (continued)</span></div><div><span><br/></span></div></div><ix:continuation id="i52bcfdd8960c4686ac635dc9c933f5e1" continuedAt="i663255d2cbdc43ecb516325fa194d035"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">AFS Securities with Unrealized Losses</span></div><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTAyMzM_aaf963e3-4bea-4946-bb1a-8c99d1e9b4b1" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the components comprising the total carrying value of residential AFS securities that were in a gross unrealized loss position at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.9 &#8211; Components of Fair Value of AFS Securities by Holding Periods </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.444%"><tr><td style="width:1.0%"></td><td style="width:33.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.498%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.095%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.498%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.095%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.498%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.095%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.498%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.095%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.498%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.095%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.498%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.101%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Less Than 12 Consecutive Months</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12 Consecutive Months or Longer</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amortized<br/>Cost</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Unrealized<br/>Losses</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amortized<br/>Cost</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Unrealized <br/>Losses</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">March 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331" decimals="-3" name="rwt:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfMy0yLTEtMS0w_fcb6d16e-2b44-4739-befe-32e999c6cacf">490</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331" decimals="-3" name="us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfMy00LTEtMS0w_a008387d-a88d-4650-9643-8a80f40c493c">2</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331" decimals="-3" name="us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfMy02LTEtMS0w_0f592ba2-1f55-4679-99ac-5b1f244a75aa">488</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfMy04LTEtMS0w_7ee59398-b6ec-4b5b-930a-3cbf85625384">6,421</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331" decimals="-3" name="us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfMy0xMC0xLTEtMA_d524323b-ad60-4e89-9861-82a561201dd0">250</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfMy0xMi0xLTEtMA_0db7c1b0-800f-4bda-8a0a-19e071e3a05f">6,158</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">December 31, 2020</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i51ab6e842d5f422ab735aaae63348ae1_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfNC0yLTEtMS0w_6c111121-5dcf-46c7-8869-db866151b529">9,129</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i51ab6e842d5f422ab735aaae63348ae1_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfNC00LTEtMS0w_3afd95b3-aca3-4c87-8af7-3a65c93129c0">1,047</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i51ab6e842d5f422ab735aaae63348ae1_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfNC02LTEtMS0w_a0b74241-e6dd-47bb-82bb-1da9492a0bac">7,920</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i51ab6e842d5f422ab735aaae63348ae1_I20201231" decimals="-3" format="ixt:zerodash" name="rwt:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfNC04LTEtMS0w_af60dd31-5cdc-4ea8-bdd8-ffb1bba64a95">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i51ab6e842d5f422ab735aaae63348ae1_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfNC0xMC0xLTEtMA_39d490f6-d7ea-4eec-bb9b-8ad933eb389b">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i51ab6e842d5f422ab735aaae63348ae1_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfNC0xMi0xLTEtMA_c29308ad-a6d6-4027-83da-906914bd9684">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, after giving effect to purchases, sales, and extinguishment due to credit losses, our consolidated balance sheet included <ix:nonFraction unitRef="investment" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="INF" name="rwt:NumberOfAvailableForSaleSecurities" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNjkzNA_37b0aa83-400b-46b6-be87-adada306d8db">93</ix:nonFraction> AFS securities, of which <ix:nonFraction unitRef="investment" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="INF" format="ixt-sec:numwordsen" name="us-gaap:DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNjk2Mg_725a7eb1-842f-413f-95bd-a4238e211cd9">four</ix:nonFraction> were in an unrealized loss position and <ix:nonFraction unitRef="investment" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="INF" format="ixt-sec:numwordsen" name="rwt:NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNzAwNA_3c870259-4a89-49cb-9e1d-8658da04c074">three</ix:nonFraction> were in a continuous unrealized loss position for 12 consecutive months or longer. At December&#160;31, 2020, our consolidated balance sheet included <ix:nonFraction unitRef="investment" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="INF" name="rwt:NumberOfAvailableForSaleSecurities" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNzEzNw_a126aa2f-6356-4826-92b0-42ac348de7a1">96</ix:nonFraction> AFS securities, of which <ix:nonFraction unitRef="investment" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="INF" format="ixt-sec:numwordsen" name="us-gaap:DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNzE2NQ_8812a46f-ba5b-416f-babd-bc2191dbfadb">five</ix:nonFraction> were in an unrealized loss position and <ix:nonFraction unitRef="investment" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="INF" format="ixt-sec:numwordsen" name="rwt:NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNzIwNw_48105277-accf-4b57-a4ba-0e8ef53bba1c">zero</ix:nonFraction> were in a continuous unrealized loss position for 12 consecutive months or longer.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Evaluating AFS Securities for Credit Losses </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Gross unrealized losses on our AFS securities were $<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-5" format="ixt:numdotdecimal" name="us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNzM4OQ_50c4767e-e55e-4896-aca2-ed4ecfd2b8aa">0.3</ix:nonFraction> million at March&#160;31, 2021. We evaluate all securities in an unrealized loss position to determine if the impairment is credit-related (resulting in an allowance for credit losses recorded in earnings) or non-credit-related (resulting in an unrealized loss through other comprehensive income). At March&#160;31, 2021, we did not intend to sell any of our AFS securities that were in an unrealized loss position, and it is more likely than not that we will not be required to sell these securities before recovery of their amortized cost basis, which may be at their maturity. We review our AFS securities that are in an unrealized loss position to identify those securities with losses based on an assessment of changes in expected cash flows for such securities, which considers recent security performance and expected future performance of the underlying collateral. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, our current expected credit loss ("CECL") allowance related to our AFS securities was $<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfODQwOQ_f703c6d7-00f9-46f3-8c0f-aa7f6f7fa2bc">13</ix:nonFraction> thousand. AFS securities for which an allowance is recognized have experienced, or are expected to experience, credit-related adverse cash flow changes. In determining our estimate of cash flows for AFS securities we may consider factors such as structural credit enhancement, past and expected future performance of underlying mortgage loans, including timing of expected future cash flows, which are informed by prepayment rates, default rates, loss severities, delinquency rates, percentage of non-performing loans, FICO scores at loan origination, year of origination, loan-to-value ratios, and geographic concentrations, as well as general market assessments. Changes in our evaluation of these factors impacted the cash flows expected to be collected at the assessment date and were used to determine if there were credit-related adverse cash flows and if so, the amount of credit related losses. Significant judgment is used in both our analysis of the expected cash flows for our AFS securities and any determination of security credit losses. </span></div><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTAyNDM_1018f041-b1ba-4600-ae67-8decf2535fba" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The table below summarizes the weighted average of the significant credit quality indicators we used for the credit loss allowance on our AFS securities at March&#160;31, 2021. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.10 &#8211; Significant Credit Quality Indicators</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:85.011%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.095%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate Securities</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Default rate</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="if3ccfedda0d54ae29b4e123525890e53_D20210101-20210331" decimals="3" name="rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjIxNWRmZGFjMDgxYjQwNmM4YTQxYjQ0ZTA3MTJiZWU1L3RhYmxlcmFuZ2U6MjE1ZGZkYWMwODFiNDA2YzhhNDFiNDRlMDcxMmJlZTVfMi00LTEtMS0w_21f48294-5768-41f9-992d-b5fbd8cbd4e2">0.7</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="if3ccfedda0d54ae29b4e123525890e53_D20210101-20210331" decimals="2" name="rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjIxNWRmZGFjMDgxYjQwNmM4YTQxYjQ0ZTA3MTJiZWU1L3RhYmxlcmFuZ2U6MjE1ZGZkYWMwODFiNDA2YzhhNDFiNDRlMDcxMmJlZTVfMy00LTEtMS0w_264fff77-40b8-465f-8bf9-35dcf8ab6e70">24</ix:nonFraction>%</span></td></tr></table></div></ix:nonNumeric></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">38</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div style="text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 9. Real Estate Securities - (continued)</span></div><div><span><br/></span></div></div><ix:continuation id="i663255d2cbdc43ecb516325fa194d035"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTAyMDg_5bd258fe-9079-49a7-9705-c0cce4a02816" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table details the activity related to the allowance for credit losses for AFS securities for the three months ended March&#160;31, 2021.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.11 &#8211; Rollforward of Allowance for Credit Losses</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:79.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.651%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Beginning balance allowance for credit losses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfMi0yLTEtMS0w_ca6a08d7-f19e-46a8-86af-074cca9925f9">388</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Additions to allowance for credit losses on securities for which credit losses were not previously recorded</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfNC0yLTEtMS0w_e833e1f2-6326-4205-9142-81d4656ebb63">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Additional increases (decreases) to the allowance for credit losses on securities that had an allowance recorded in a previous period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfNS0yLTEtMS0w_b19873db-32d4-4972-9d2b-f59bb892b82d">375</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Allowance on purchased financial assets with credit deterioration</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfNi0yLTEtMS0w_ef146fb0-c06a-4915-a927-7fb6cbe8fc70">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reduction to allowance for securities sold during the period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfNy0yLTEtMS0w_9e48d99b-5d96-406a-b700-603d418b4fbe">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reduction to allowance for securities we intend to sell or more likely than not will be required to sell</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfOC0yLTEtMS0w_b13264f2-b3ed-4a0d-8f5d-57c9e63353af">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Write-offs charged against allowance</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfOS0yLTEtMS0w_9f48baab-5199-4ea1-b325-f46db28da8c7">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Recoveries of amounts previously written off</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfMTAtMi0xLTEtMA_09d391b8-e19e-42eb-abbe-3343da492cb1">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Ending balance of allowance for credit losses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfMTEtMi0xLTEtMA_6b7cd0a4-b863-4bf6-bb7e-8f50621347b0">13</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div></ix:nonNumeric><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Gains and losses from the sale of AFS securities are recorded as Realized gains, net, in our consolidated statements of income (loss). <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:RealizedGainLossOnInvestmentsTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTAyMDk_1e747317-ef2a-4296-a07b-586a1d71a00b" continuedAt="ie1edc595cf8d4b509e974eed9a63f39f" escape="true">The following table presents the gross realized gains and losses on sales and calls of AFS securities for the three months ended March&#160;31, 2021 and 2020.</ix:nonNumeric></span></div><div style="margin-top:12pt"><span><br/></span></div><ix:continuation id="ie1edc595cf8d4b509e974eed9a63f39f"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.12 &#8211; Gross Realized Gains and Losses on AFS Securities</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:69.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.930%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross realized gains - sales</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9eb230ce25c145ffafc6c6561f2a0dff_D20210101-20210331" decimals="-3" name="us-gaap:DebtSecuritiesAvailableForSaleRealizedGain" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmNlZWM1YTBhOTJjZTRkZjA5ZDY4ZWEwNzBlYWVlOTc4L3RhYmxlcmFuZ2U6Y2VlYzVhMGE5MmNlNGRmMDlkNjhlYTA3MGVhZWU5NzhfMi0yLTEtMS0w_9d670294-3e0a-45e4-9658-1092f7309de3">200</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2488422422de47768c8f7f0808959cd1_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtSecuritiesAvailableForSaleRealizedGain" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmNlZWM1YTBhOTJjZTRkZjA5ZDY4ZWEwNzBlYWVlOTc4L3RhYmxlcmFuZ2U6Y2VlYzVhMGE5MmNlNGRmMDlkNjhlYTA3MGVhZWU5NzhfMi00LTEtMS0w_1b289b34-b9c9-4652-92b6-f0cb49ff8623">7,705</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross realized gains - calls</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i05ea2de99c5f4668b0c80940bd3210c6_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtSecuritiesAvailableForSaleRealizedGain" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmNlZWM1YTBhOTJjZTRkZjA5ZDY4ZWEwNzBlYWVlOTc4L3RhYmxlcmFuZ2U6Y2VlYzVhMGE5MmNlNGRmMDlkNjhlYTA3MGVhZWU5NzhfMy0yLTEtMS0w_81be9487-f81f-4de2-afdb-6c1df8eab282">2,408</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i31c413a7dd3f40588bb0a4f91abd5e9a_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:DebtSecuritiesAvailableForSaleRealizedGain" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmNlZWM1YTBhOTJjZTRkZjA5ZDY4ZWEwNzBlYWVlOTc4L3RhYmxlcmFuZ2U6Y2VlYzVhMGE5MmNlNGRmMDlkNjhlYTA3MGVhZWU5NzhfMy00LTEtMS0w_6e12b4fe-4cd4-4497-8063-ea4bb6d1cd06">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross realized losses - sales</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9eb230ce25c145ffafc6c6561f2a0dff_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DebtSecuritiesAvailableForSaleRealizedLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmNlZWM1YTBhOTJjZTRkZjA5ZDY4ZWEwNzBlYWVlOTc4L3RhYmxlcmFuZ2U6Y2VlYzVhMGE5MmNlNGRmMDlkNjhlYTA3MGVhZWU5NzhfNC0yLTEtMS0w_b1f8a563-557b-40fa-9602-8b9b725bc421">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i2488422422de47768c8f7f0808959cd1_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtSecuritiesAvailableForSaleRealizedLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmNlZWM1YTBhOTJjZTRkZjA5ZDY4ZWEwNzBlYWVlOTc4L3RhYmxlcmFuZ2U6Y2VlYzVhMGE5MmNlNGRmMDlkNjhlYTA3MGVhZWU5NzhfNC00LTEtMS0w_4eea30f7-70ce-40a6-962f-ac31f3593d9b">3,853</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Realized Gains on Sales and Calls of AFS Securities, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmNlZWM1YTBhOTJjZTRkZjA5ZDY4ZWEwNzBlYWVlOTc4L3RhYmxlcmFuZ2U6Y2VlYzVhMGE5MmNlNGRmMDlkNjhlYTA3MGVhZWU5NzhfNi0yLTEtMS0w_bb4ee4fa-56f5-4a2b-9403-2f6ac41f5e01">2,608</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmNlZWM1YTBhOTJjZTRkZjA5ZDY4ZWEwNzBlYWVlOTc4L3RhYmxlcmFuZ2U6Y2VlYzVhMGE5MmNlNGRmMDlkNjhlYTA3MGVhZWU5NzhfNi00LTEtMS0w_845cd938-aff5-414e-8a8e-e44b3df5c520">3,852</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div></ix:continuation></ix:continuation><div id="ibbb1cfc257ec4428ade8d1d12a26495b_73"></div><div style="margin-top:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 10. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:InvestmentsAndOtherNoncurrentAssetsTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfNTU0Mw_127b836e-4949-412f-b1fd-a669e9df0877" continuedAt="i844946382d06427d8b6427117573a84a" escape="true">Other Investments</ix:nonNumeric></span></div><ix:continuation id="i844946382d06427d8b6427117573a84a" continuedAt="if22ed202470147b0b872617217650807"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:SummaryOfOtherInvestmentsTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfNTU0NQ_9024b4ae-e9b3-4e70-a3c5-a938a6fb023a" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other investments at March&#160;31, 2021 and December&#160;31, 2020 are summarized in the following table.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 10.1 &#8211; Components of Other Investments</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:62.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.541%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i70c1b18111ac4305862dcc8f898aef60_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfMS0yLTEtMS0w_6093aee6-0752-4924-90a5-ca505d35a26e">206,525</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6b2328769bf5444386d398260f28caea_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfMS00LTEtMS0w_23db6f8f-ce6c-493d-b831-030b609520c9">231,489</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id0879c0f93ef4e83b115d81b0d77d91b_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanHeldForInvestmentAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfMi0yLTEtMS0w_589ff5fd-3907-4712-95a9-cc1731b3ae7d">45,823</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3f4447d1c83f4d6990c291b68bdf9e7c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanHeldForInvestmentAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfMi00LTEtMS0w_c78e4341-cb18-4979-a025-21fe64fb3b76">42,440</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7aefe6e790d444a78a91c8bc3ccad40f_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfMy0yLTEtMS0w_f545df72-8b67-4a28-bb96-ba3ed174f14f">32,465</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9301a423edd04d04b1a3aab6b60b06ae_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfMy00LTEtMS0w_4d8f5ff5-27d0-4f3a-a35f-98153eb769a6">34,418</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage servicing rights</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i98379a33ecdf4146976d07a4767e009e_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfNC0yLTEtMS0w_7687eb8b-9f4d-485c-bfb4-d2489ab4b73e">7,945</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i335140464d63478c92671cedf0cfda09_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfNC00LTEtMS0w_30a84def-194e-4012-a0be-561a125842af">8,815</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i99ca24858cd24f648b0dfc2d4f884d89_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanHeldForInvestmentAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfNi0yLTEtMS0w_90f74ddf-2f2c-44c2-8c6a-2df99292b764">29,821</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iec0db3f777374e939933b6a772c21a89_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanHeldForInvestmentAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfNi00LTEtMS0w_229dda9f-d539-45bb-bd91-8080dd581c36">31,013</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Other Investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfOS0yLTEtMS0w_49690ff2-9855-43ad-8150-d0fdb4d80dfa">322,579</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfOS00LTEtMS0w_880b03a3-9c67-46ff-82d8-92225c707371">348,175</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric></ix:continuation><div style="margin-top:9pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">39</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 10. Other Investments - (continued)</span></div></div><ix:continuation id="if22ed202470147b0b872617217650807" continuedAt="i2a0bbdb81928473eb41039287fe61387"><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Servicer advance investments</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We and a third-party co-investor, through <ix:nonFraction unitRef="partnership" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="INF" format="ixt-sec:numwordsen" name="rwt:NumberOfPartnershipsConsolidated" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMjMx_eccaa986-4c05-4993-8f8c-0c09c13abee3">two</ix:nonFraction> partnerships (&#8220;SA Buyers&#8221;) consolidated by us, purchased the outstanding servicer advances and excess MSRs related to a portfolio of legacy residential mortgage-backed securitizations serviced by the co-investor (Refer to our Annual Report on Form 10-K for the year ended December&#160;31, 2020 for additional information regarding the transactions). At March&#160;31, 2021, we had funded $<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="rwt:CommitmentToFundPartnership" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfNzUx_c1e2bf51-8aa2-4627-b32d-36419c49f15c">94</ix:nonFraction> million of total capital to the SA Buyers (see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 16</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional detail). </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, our servicer advance investments had a carrying value of $<ix:nonFraction unitRef="usd" contextRef="i70c1b18111ac4305862dcc8f898aef60_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfODkw_664dd168-cf84-4700-b865-bdba53d4190b">207</ix:nonFraction> million and were associated with a portfolio of residential mortgage loans with an unpaid principal balance of $<ix:nonFraction unitRef="usd" contextRef="i70c1b18111ac4305862dcc8f898aef60_I20210331" decimals="-7" format="ixt:numdotdecimal" name="rwt:ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans" scale="9" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfOTk2_d81e8c9d-38ee-47dc-920c-d5456c0daaeb">8.60</ix:nonFraction> billion. The outstanding servicer advance receivables associated with this investment were $<ix:nonFraction unitRef="usd" contextRef="i2bce8ddeacf34f0ab08ac9d6c5579bf2_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCollateralAmount" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA4Mg_78239e2b-116b-407b-9d7e-c0d93687e18a">193</ix:nonFraction> million at March&#160;31, 2021, which were financed with short-term non-recourse securitization debt (see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 13</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional detail on this debt). <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfServicingAssetsAtFairValueTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfNTU0Nw_09014232-e6c1-44f8-acdc-e80f6339e7e5" continuedAt="ia86a27d1a1c3477e9d8a5fe9f4e5c19c" escape="true">The servicer advance receivables were comprised of the following types of advances at March&#160;31, 2021 and December&#160;31, 2020.</ix:nonNumeric></span></div><ix:continuation id="ia86a27d1a1c3477e9d8a5fe9f4e5c19c"><div style="margin-top:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 10.2 &#8211; Components of Servicer Advance Receivables</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:62.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.541%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal and interest advances</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i17ad0ca0a06a4336840160254e1a8d4c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:ServicingAssetsAtFairValuePrincipalAndInterestAdvances" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOmMzMTM0NzdkZThmNzRlN2NiN2RmYTc1NjExZjM4NTM1L3RhYmxlcmFuZ2U6YzMxMzQ3N2RlOGY3NGU3Y2I3ZGZhNzU2MTFmMzg1MzVfMS0yLTEtMS0w_3150f3df-2d9c-46fd-8349-3300603f9ca6">92,628</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7cf19d9a380949b0ac3aaa6e614d7f46_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:ServicingAssetsAtFairValuePrincipalAndInterestAdvances" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOmMzMTM0NzdkZThmNzRlN2NiN2RmYTc1NjExZjM4NTM1L3RhYmxlcmFuZ2U6YzMxMzQ3N2RlOGY3NGU3Y2I3ZGZhNzU2MTFmMzg1MzVfMS00LTEtMS0w_da30ab3f-2b3b-42c3-85cb-21c9fb07c04d">110,923</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Escrow advances (taxes and insurance advances)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i17ad0ca0a06a4336840160254e1a8d4c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:ServicingAssetsAtFairValueEscrowAdvances" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOmMzMTM0NzdkZThmNzRlN2NiN2RmYTc1NjExZjM4NTM1L3RhYmxlcmFuZ2U6YzMxMzQ3N2RlOGY3NGU3Y2I3ZGZhNzU2MTFmMzg1MzVfMi0yLTEtMS0w_3ac1acbc-cf11-4e34-a7cb-e3ae5992b885">74,970</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7cf19d9a380949b0ac3aaa6e614d7f46_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:ServicingAssetsAtFairValueEscrowAdvances" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOmMzMTM0NzdkZThmNzRlN2NiN2RmYTc1NjExZjM4NTM1L3RhYmxlcmFuZ2U6YzMxMzQ3N2RlOGY3NGU3Y2I3ZGZhNzU2MTFmMzg1MzVfMi00LTEtMS0w_e66160d4-2974-46fc-9664-349147a97bfb">79,279</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Corporate advances</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i17ad0ca0a06a4336840160254e1a8d4c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:ServicingAssetsAtFairValueCorporateAdvances" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOmMzMTM0NzdkZThmNzRlN2NiN2RmYTc1NjExZjM4NTM1L3RhYmxlcmFuZ2U6YzMxMzQ3N2RlOGY3NGU3Y2I3ZGZhNzU2MTFmMzg1MzVfMy0yLTEtMS0w_0426027d-873d-491e-9090-993dfb80cd0e">25,254</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7cf19d9a380949b0ac3aaa6e614d7f46_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:ServicingAssetsAtFairValueCorporateAdvances" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOmMzMTM0NzdkZThmNzRlN2NiN2RmYTc1NjExZjM4NTM1L3RhYmxlcmFuZ2U6YzMxMzQ3N2RlOGY3NGU3Y2I3ZGZhNzU2MTFmMzg1MzVfMy00LTEtMS0w_a8cc1bad-6335-422f-b301-11962a7778b4">27,454</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Servicer Advance Receivables</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOmMzMTM0NzdkZThmNzRlN2NiN2RmYTc1NjExZjM4NTM1L3RhYmxlcmFuZ2U6YzMxMzQ3N2RlOGY3NGU3Y2I3ZGZhNzU2MTFmMzg1MzVfNC0yLTEtMS0w_371227f7-9d6d-4ad2-b601-3f0fb30c3d81">192,852</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOmMzMTM0NzdkZThmNzRlN2NiN2RmYTc1NjExZjM4NTM1L3RhYmxlcmFuZ2U6YzMxMzQ3N2RlOGY3NGU3Y2I3ZGZhNzU2MTFmMzg1MzVfNC00LTEtMS0w_c7321db3-51fe-4e09-a253-b46cd3f8c930">217,656</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We account for our servicer advance investments at fair value and during the three months ended March&#160;31, 2021 and 2020, we recorded $<ix:nonFraction unitRef="usd" contextRef="i1062613a9b8c462e8d4272b114900bee_D20200101-20200331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromEquityMethodInvestments" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTQ3Ng_8ea8a47b-e5d3-485c-b261-5d761f56eaa6"><ix:nonFraction unitRef="usd" contextRef="i1097673fa66e4d999d44dde0c8f9aeb1_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromEquityMethodInvestments" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTQ3Ng_fdf6ab9b-4f98-4165-92c5-41218773effe">3</ix:nonFraction></ix:nonFraction> million of interest income associated with these investments for each of these periods, and recorded net market valuation losses of $<ix:nonFraction unitRef="usd" contextRef="i1097673fa66e4d999d44dde0c8f9aeb1_D20210101-20210331" decimals="-5" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTYwNQ_2895adfc-1fc9-4cac-af07-f5279939c4e0">0.2</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="i1062613a9b8c462e8d4272b114900bee_D20200101-20200331" decimals="-6" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzMzU1Ng_4b427096-d5f5-40be-81e5-2d85382da05d">6</ix:nonFraction> million, respectively, through Investment fair value changes, net in our consolidated statements of income (loss). </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Shared Home Appreciation Options</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2019, we entered into a flow purchase agreement to acquire shared home appreciation options. At March&#160;31, 2021, we had acquired $<ix:nonFraction unitRef="usd" contextRef="i4d12c616a26c4a2d9e1cd4b063ba944a_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:PaymentsToAcquireInvestments" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNDY4Ng_3c7dc20a-9fd0-4bad-9b6f-81103a9e7032">47</ix:nonFraction> million of shared home appreciation options under this flow purchase agreement. We account for these investments under the fair value option and during the three months ended March&#160;31, 2021 and 2020, we recorded a net market valuation gain of $<ix:nonFraction unitRef="usd" contextRef="ic68c91a5eae241698e7cd378e2fadb81_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNDk4OQ_2d3c7ce2-ce15-4757-92f0-715f41f2c056">5</ix:nonFraction> million and a net market valuation loss of $<ix:nonFraction unitRef="usd" contextRef="i88f71b3f18ce4a86b02d127d7dd5f9b6_D20200101-20200331" decimals="-6" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNTI2Mg_965fe438-19eb-457b-bf37-46daa75bd5f5">8</ix:nonFraction> million, respectively, related to these assets through Investment fair value changes, net on our consolidated statements of income (loss).</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Excess MSRs</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In association with our servicer advance investments described above, we (through our consolidated SA Buyers) invested in excess MSRs associated with the same portfolio of legacy residential mortgage-backed securitizations. Additionally, we own excess MSRs associated with specified pools of multifamily loans. We account for our excess MSRs at fair value and during the three months ended March&#160;31, 2021 and 2020, we recognized $<ix:nonFraction unitRef="usd" contextRef="i3c32314e3e294d00ac090edbec12a80b_D20200101-20200331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNjYxNg_69cc2aef-bffc-48d8-9ec6-c84f469fd5d9"><ix:nonFraction unitRef="usd" contextRef="i77ef565de4f94a5d9d3e01021c8c9df1_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNjYxNg_f9280830-77d1-46f6-9503-dd233969baf3">3</ix:nonFraction></ix:nonFraction> million of interest income for each of these periods through Other interest income, and recorded net market valuation losses of $<ix:nonFraction unitRef="usd" contextRef="i77ef565de4f94a5d9d3e01021c8c9df1_D20210101-20210331" decimals="-6" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNjczNg_210490d2-8006-4e48-8eca-be9832da4b9f">2</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="i3c32314e3e294d00ac090edbec12a80b_D20200101-20200331" decimals="-6" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNzE5MA_9a9cf626-cc5b-4767-97ec-92825b108890">9</ix:nonFraction> million, respectively, through Investment fair value changes, net on our consolidated statements of income (loss). </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Mortgage Servicing Rights</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We invest in mortgage servicing rights associated with residential mortgage loans and contract with licensed sub-servicers to perform all servicing functions for these loans. The majority of our investments in MSRs were made through the retention of servicing rights associated with the residential jumbo mortgage loans that we acquired and subsequently transferred to third parties. We hold our MSR investments at our taxable REIT subsidiaries.</span></div></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">40</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 10. Other Investments - (continued)</span></div></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="i2a0bbdb81928473eb41039287fe61387">At March&#160;31, 2021 and December&#160;31, 2020,&#160;our MSRs had a fair value of $<ix:nonFraction unitRef="usd" contextRef="i98379a33ecdf4146976d07a4767e009e_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMjU5MQ_e9f5aa13-c1b8-4645-b1ea-2b5f0a2b3dfd">8</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="i335140464d63478c92671cedf0cfda09_I20201231" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:ServicingAssetAtFairValueAmount" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNzQ4Mg_864661ad-f1a0-4df3-a5cc-f5ec344cb8dd">9</ix:nonFraction> million, respectively, and were associated with loans with an aggregate principal balance of $<ix:nonFraction unitRef="usd" contextRef="i98379a33ecdf4146976d07a4767e009e_I20210331" decimals="-7" format="ixt:numdotdecimal" name="us-gaap:ServicingAsset" scale="9" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNzQ4OQ_b8f3787d-6666-4a55-bb18-55bd3b5ea90f">2.07</ix:nonFraction> billion and $<ix:nonFraction unitRef="usd" contextRef="i335140464d63478c92671cedf0cfda09_I20201231" decimals="-7" format="ixt:numdotdecimal" name="us-gaap:ServicingAsset" scale="9" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNzQ5Nw_5b846551-62cc-4370-a2f7-1546cb15e752">2.59</ix:nonFraction> billion, respectively. During the three months ended March&#160;31, 2021 and 2020, including net market valuation gains and losses on our MSRs and related risk management derivatives, we recorded net income of $<ix:nonFraction unitRef="usd" contextRef="i70a6bdf2328f482e899bda7a7addc990_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="rwt:MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMjg2OQ_0ab954db-d5b5-4678-aa9f-ffe243516da5">1</ix:nonFraction> million and a net loss of $<ix:nonFraction unitRef="usd" contextRef="i7eabf311b3404af7832511ae53127279_D20200101-20200331" decimals="-5" sign="-" format="ixt:numdotdecimal" name="rwt:MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNzY3Mw_c49d8350-bced-42da-8646-8d22b95726ba">2</ix:nonFraction> million, respectively, through Other income on our consolidated statements of income (loss).</ix:continuation> </span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_76"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 11. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfNDIxMg_c08f3f8f-feaf-455d-9e9a-273566153a6c" continuedAt="i5f36f934f5af409f8a0eedb7e2134226" escape="true">Derivative Financial Instruments</ix:nonNumeric></span></div><ix:continuation id="i5f36f934f5af409f8a0eedb7e2134226" continuedAt="if5485737900044e9884b84d8e5e9340a"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfDerivativeInstrumentsTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfNDIxNQ_bc494fc9-eb8f-4923-82f2-de1159494618" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the fair value and notional amount of our derivative financial instruments at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 11.1 &#8211; Fair Value and Notional Amount of Derivative Financial Instruments</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:47.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.983%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.983%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.983%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.987%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Notional<br/>Amount</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Notional<br/>Amount</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets - Risk Management Derivatives</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest rate swaps</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1061f6a518b74c72b548c413a1a53ca0_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfNi0yLTEtMS0w_ae1b7511-c50d-4a02-a34d-c72ce87970d1">4,350</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1061f6a518b74c72b548c413a1a53ca0_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfNi00LTEtMS0w_983f1e22-daa8-4b44-a96d-e6b97fb6810c">163,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib2b4b1d9c5574865bb3dea4a20c1eeaa_I20201231" decimals="-3" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfNi02LTEtMS0w_2e0b404f-5aee-4d02-aa52-85a215f654af">224</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib2b4b1d9c5574865bb3dea4a20c1eeaa_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfNi04LTEtMS0w_da52993e-ed11-4a2d-8cd6-e6c7913c1dcb">42,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i936306e457da4b43999cfb62bbf40472_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfNy0yLTEtMS0w_0c5413a2-7955-4cbb-a177-127fbafd8462">40,800</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i936306e457da4b43999cfb62bbf40472_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfNy00LTEtMS0w_cc3b2e95-a739-4684-9053-2215e0cdd049">3,350,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iae6bad39ece6496484c3e037e3cee2fc_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfNy02LTEtMS0w_c2bd5551-f55c-45bc-9dd7-a5895903c787">18,260</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iae6bad39ece6496484c3e037e3cee2fc_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfNy04LTEtMS0w_cecebb1f-9522-47f4-9184-712d44708f78">3,520,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Swaptions</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9fdae65f3ea54a778897bd10c378ffb6_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfOS0yLTEtMS0w_d87a1f61-d121-4a31-a931-0abe330fbf60">83,610</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9fdae65f3ea54a778897bd10c378ffb6_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfOS00LTEtMS0w_c3387483-9d3a-4305-985d-9ba1155bad0a">3,825,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85049c0c5a6a4724921cda78117a30ac_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfOS02LTEtMS0w_a2599caa-eb60-44f7-9d52-77e918803a9b">19,727</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i85049c0c5a6a4724921cda78117a30ac_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfOS04LTEtMS0w_780e7800-8870-4513-850a-8748a0e4c9e8">1,585,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets - Other Derivatives</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan purchase and interest rate lock commitments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5cb3ebb1d01f48cd97e37f416705d799_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTItMi0xLTEtMA_dfd05079-a4f7-4deb-94b9-7a54ff99f0e1">1,164</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5cb3ebb1d01f48cd97e37f416705d799_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTItNC0xLTEtMA_58938298-c196-4dc7-8609-c99b6c28fbb9">223,783</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iccca247b6e694afa86f87d16f14b3d71_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTItNi0xLTEtMA_a2ff7c68-5df6-416a-bac2-4998a9ce50e9">15,027</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iccca247b6e694afa86f87d16f14b3d71_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTItOC0xLTEtMA_b80d62dc-3138-4174-9b0c-af6215bbf4de">2,617,254</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2578abb6543e498aa84225e44ae44321_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTQtMi0xLTEtMA_203f939b-6e10-4763-ab14-5a4ecc9e66c8">129,924</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2578abb6543e498aa84225e44ae44321_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTQtNC0xLTEtMA_5baf0ce4-a862-4a11-89c6-442fd4e144e3">7,561,783</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7c9bf4a4709342dd89c28902bbf85390_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTQtNi0xLTEtMA_5778bffe-ac54-4f60-88f8-e00c129ae18d">53,238</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7c9bf4a4709342dd89c28902bbf85390_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTQtOC0xLTEtMA_cfd8e918-c032-434c-a40f-a8e7538456e8">7,764,254</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities - Risk Management Derivatives</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest rate swaps</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5c6e1f4d01054cafa74d380496384bf7_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTktMi0xLTEtMA_5654a00a-708e-4c7c-a8df-e5277e871613">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5c6e1f4d01054cafa74d380496384bf7_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTktNC0xLTEtMA_900a1b4b-14a5-42e4-b538-14574d575dac">4,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i863031437f7e41fc893353f3f7936f8b_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTktNi0xLTEtMA_1865d573-389c-4250-84ae-3cbd20bf0d62">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i863031437f7e41fc893353f3f7936f8b_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTktOC0xLTEtMA_64078f10-8a3d-461f-a640-fbbe0a61dfe1">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ia0b4c613786747fc9de65181f0e46083_I20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjAtMi0xLTEtMA_a59c427c-5b57-411a-9505-b5be64c2c6b0">35,621</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia0b4c613786747fc9de65181f0e46083_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjAtNC0xLTEtMA_a6bf5bed-7b81-4145-bddd-63a250f893b7">1,860,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i01d4d30f373e427780dc0b4a7f55b107_I20201231" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjAtNi0xLTEtMA_d4a3be30-28e9-4f6c-8673-5d37476e9cf9">15,495</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i01d4d30f373e427780dc0b4a7f55b107_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjAtOC0xLTEtMA_9b6d2bad-6a76-4061-bc5a-2f2c347e2e01">3,105,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest rate futures</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i2fae7c1ae4404e3395002d54290f60eb_I20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjEtMi0xLTEtMA_cbea7f23-5540-44c6-8815-fdb0aa43acc1">2,451</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2fae7c1ae4404e3395002d54290f60eb_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjEtNC0xLTEtMA_7f4467d5-032f-4575-9f80-1dcad936a92b">195,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic56c538c8a8e43dba3bfda9d5c6ce18f_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjEtNi0xLTEtMA_e9e70c91-4dce-4b23-b263-5588dc692a5f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic56c538c8a8e43dba3bfda9d5c6ce18f_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjEtOC0xLTEtMA_a1aa33ed-b4f5-4d8f-a9ec-5d1a8a0f899c">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities - Other Derivatives</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan purchase commitments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i031b0f89be4a485caf96234d750a70c4_I20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjMtMi0xLTEtMA_e27f895f-18f5-4108-a89c-0fe069f24e72">35,106</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i031b0f89be4a485caf96234d750a70c4_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjMtNC0xLTEtMA_9bd1ff4f-84a3-42c2-95a7-8cf774b93811">3,073,102</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i2ed58e32883a4d7bb64206e045319d38_I20201231" decimals="-3" sign="-" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjMtNi0xLTEtMA_1f538711-1cec-4825-a020-50fd5d5c06ef">577</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2ed58e32883a4d7bb64206e045319d38_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjMtOC0xLTEtMA_bd8d6a90-1342-48f3-b68c-7ec449dd83e2">477,153</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i09a5197ce99f4e05be97288e797bf647_I20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjUtMi0xLTEtMA_c4f863e8-a95b-49a7-9bf7-1fddf0d17528">73,178</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i09a5197ce99f4e05be97288e797bf647_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjUtNC0xLTEtMA_0ddf154f-5329-43e1-886b-c78c1425f90f">5,132,102</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i96fbe696be56461d8dcb14630c142dac_I20201231" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjUtNi0xLTEtMA_26ae0b37-3ed6-420e-a6b4-953afbf61fa5">16,072</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i96fbe696be56461d8dcb14630c142dac_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjUtOC0xLTEtMA_489bfc74-04db-4144-a0ce-e89dc13e7455">3,582,153</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Derivative Financial Instruments, Net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjYtMi0xLTEtMA_2f5e6122-906c-469c-ac93-819b6b1132a7">56,746</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjYtNC0xLTEtMA_45b21dd5-566b-4f8c-bf14-633266d936ef">12,693,885</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeFairValueOfDerivativeNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjYtNi0xLTEtMA_57676d78-fc3b-408f-a8d5-1278c9d1462c">37,166</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjYtOC0xLTEtMA_78f13291-524d-45c6-91ba-43cb766bd3fa">11,346,407</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Risk Management Derivatives</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To manage, to varying degrees, risks associated with certain assets and liabilities on our consolidated balance sheets, we may enter into derivative contracts. At March&#160;31, 2021, we were party to swaps and swaptions with an aggregate notional amount of $<ix:nonFraction unitRef="usd" contextRef="i845a651af270402f89f5852e32457408_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="9" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfNTE3_43ada9bb-5663-4921-9fb7-f6dce8c8c04c">3.99</ix:nonFraction> billion, TBA agreements with an aggregate notional amount of $<ix:nonFraction unitRef="usd" contextRef="i82f4b9c00cc24eaca40b42ae1c949131_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="9" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfNTc4_2690a541-b8b9-49b3-99b1-c59ac0df56f2">5.21</ix:nonFraction> billion, and interest rate futures contracts with an aggregate notional amount of $<ix:nonFraction unitRef="usd" contextRef="i12cf0f8fd8c74174a9b9a2e84d449651_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfNjU1_f5666337-0b38-481e-b9d6-7218f4236f6c">195</ix:nonFraction> million. At December&#160;31, 2020, we were party to swaps and swaptions with an aggregate notional amount of $<ix:nonFraction unitRef="usd" contextRef="i6ca630e4913242238f2a52ab81412d3a_I20201231" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="9" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfNzQw_523b59eb-60f0-4cff-b425-7a2797658f86">1.63</ix:nonFraction> billion and TBA agreements with an aggregate notional amount of $<ix:nonFraction unitRef="usd" contextRef="i0c7a96df7d6c4b22937fa6cbbcc5844e_I20201231" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:DerivativeNotionalAmount" scale="9" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfODAx_08b6495b-87dc-487e-a87c-fb0a1da0eb97">6.63</ix:nonFraction> billion.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March&#160;31, 2021 and 2020, risk management derivatives had a net market valuation gain of $<ix:nonFraction unitRef="usd" contextRef="i3f3b84def10c44849d4f5d16dac577e6_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:DerivativeGainLossOnDerivativeNet" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfOTc1_4ea273a6-122c-462b-acac-26b637252af0">93</ix:nonFraction> million and a net market valuation loss of $<ix:nonFraction unitRef="usd" contextRef="i500cb2af47324e7d992e552d9f0835dd_D20200101-20200331" decimals="-6" sign="-" format="ixt:numdotdecimal" name="us-gaap:DerivativeGainLossOnDerivativeNet" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMTA5OTUxMTYzMjEwNw_c514c065-47ed-4f78-a483-ceb081005dcc">98</ix:nonFraction> million, respectively. These market valuation gains and losses are recorded in Mortgage banking activities, net, Investment fair value changes, net, and Other income on our consolidated statements of income (loss). </span></div></ix:continuation><div style="margin-top:12pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">41</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="margin-top:12pt;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 11. Derivative Financial Instruments - (continued)</span></div></div><ix:continuation id="if5485737900044e9884b84d8e5e9340a"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Loan Purchase and Interest Rate Lock Commitments </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">LPCs and IRLCs that qualify as derivatives are recorded at their estimated fair values. For the three months ended March&#160;31, 2021 and 2020, LPCs and IRLCs had a net market valuation loss of $<ix:nonFraction unitRef="usd" contextRef="i5ade26e016a943fcb7b8581e7e6f7e4d_D20210101-20210331" decimals="-6" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMTc3NA_c5e42754-0a46-4a18-95ae-bf8d12eb11f2">52</ix:nonFraction> million and a net market valuation gain of $<ix:nonFraction unitRef="usd" contextRef="i807349fc66124a43a885a4940b611724_D20200101-20200331" decimals="-6" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMTA5OTUxMTYzMjMxOA_1d3ac42c-3ffd-4c9b-ae28-8f9b38226667">22</ix:nonFraction> million, respectively, that were recorded in Mortgage banking activities, net on our consolidated statements of income (loss). </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Derivatives Designated as Cash Flow Hedges</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To manage the variability in interest expense related to portions of our long-term debt and certain adjustable-rate securitization entity liabilities that are included in our consolidated balance sheets for financial reporting purposes, we designated certain interest rate swaps as cash flow hedges.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> During the first quarter of 2020, we terminated and settled all of our outstanding derivatives that had been designated as cash flow hedges for our long-term debt, with a payment of $<ix:nonFraction unitRef="usd" contextRef="i173069d105e04f7bba731b5bcbb8a6d2_D20200101-20200331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:DerivativeCostOfHedge" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMjY1MQ_d1776d9c-d93f-4bf8-ad61-73374bc9e4db">84</ix:nonFraction> million. For interest rate agreements previously designated as cash flow hedges, our total unrealized loss reported in Accumulated other comprehensive income was $<ix:nonFraction unitRef="usd" contextRef="i6876d6a4aa4c448f8b435a69861cb2da_I20210331" decimals="-6" sign="-" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMjgwOA_6ab75b05-2094-4603-877a-4ff926026b1b">80</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="ia02f8bcc6d214fb18115066f4a540b51_I20201231" decimals="-6" sign="-" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMjgxNQ_d418101e-d4b2-4a60-baa7-5e75e6ecb07c">81</ix:nonFraction> million at March&#160;31, 2021 and December&#160;31, 2020, respectively. We are amortizing this loss into interest expense over the remaining term of the debt they were originally hedging. As of March&#160;31, 2021, we expect to amortize $<ix:nonFraction unitRef="usd" contextRef="ie8d5b97677a7449fbf1b1a8a65552cf0_D20210101-20210331" decimals="-6" sign="-" format="ixt:numdotdecimal" name="us-gaap:CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMzAwOQ_b576744c-d78c-4eb6-b70d-5775b8b692ff">4</ix:nonFraction> million of realized losses related to terminated cash flow hedges into interest expense over the next twelve months.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the three months ended March&#160;31, 2021 and 2020, changes in the values of designated cash flow hedges were <ix:nonFraction unitRef="usd" contextRef="i7bb4fe2bd89545ac97b4f348a8f610cd_D20210101-20210331" decimals="INF" format="ixt-sec:numwordsen" name="us-gaap:DerivativeGainLossOnDerivativeNet" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMzIwNw_b47bf3f9-001c-4112-88d8-e30ab7bf17b3">zero</ix:nonFraction> and negative $<ix:nonFraction unitRef="usd" contextRef="i173069d105e04f7bba731b5bcbb8a6d2_D20200101-20200331" decimals="-6" sign="-" format="ixt:numdotdecimal" name="us-gaap:DerivativeGainLossOnDerivativeNet" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMTA5OTUxMTYzMjU2MA_ab43878c-610d-4a36-b969-2096080803db">33</ix:nonFraction> million, respectively, and were recorded in Accumulated other comprehensive income, a component of equity. </span></div><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfNDIzMA_862e6f98-eee5-4459-b842-25dfba745f87" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table illustrates the impact on interest expense of our interest rate agreements accounted for as cash flow hedges for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 11.2 &#8211; Impact on Interest Expense of Interest Rate Agreements Accounted for as Cash Flow Hedges</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.372%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.374%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net interest expense on cash flows hedges</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i592085d52ce74349be13ac49886564a4_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:InterestExpenseCashFlowHedge" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjJlYjY5YmFhZDljNTRmOTI4MDFkM2YyNTk0NDJhN2QyL3RhYmxlcmFuZ2U6MmViNjliYWFkOWM1NGY5MjgwMWQzZjI1OTQ0MmE3ZDJfMi0yLTEtMS0w_6669724e-fb02-4452-9dfd-6a3d2e145cd2">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i93e62e9d085d47009031b586869a9a73_D20200101-20200331" decimals="-3" name="rwt:InterestExpenseCashFlowHedge" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjJlYjY5YmFhZDljNTRmOTI4MDFkM2YyNTk0NDJhN2QyL3RhYmxlcmFuZ2U6MmViNjliYWFkOWM1NGY5MjgwMWQzZjI1OTQ0MmE3ZDJfMi00LTEtMS0w_a378e320-b284-4c3e-9138-1b5bb6ca6906">860</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized net losses reclassified from other comprehensive income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i592085d52ce74349be13ac49886564a4_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjJlYjY5YmFhZDljNTRmOTI4MDFkM2YyNTk0NDJhN2QyL3RhYmxlcmFuZ2U6MmViNjliYWFkOWM1NGY5MjgwMWQzZjI1OTQ0MmE3ZDJfNC0yLTEtMS0w_31e073e8-d647-40d6-8e9d-f7569a046ea1">1,018</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i93e62e9d085d47009031b586869a9a73_D20200101-20200331" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjJlYjY5YmFhZDljNTRmOTI4MDFkM2YyNTk0NDJhN2QyL3RhYmxlcmFuZ2U6MmViNjliYWFkOWM1NGY5MjgwMWQzZjI1OTQ0MmE3ZDJfNC00LTEtMS0w_5ec8ff18-31d9-4740-b782-d196d77480b8">79</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Interest Expense</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i592085d52ce74349be13ac49886564a4_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjJlYjY5YmFhZDljNTRmOTI4MDFkM2YyNTk0NDJhN2QyL3RhYmxlcmFuZ2U6MmViNjliYWFkOWM1NGY5MjgwMWQzZjI1OTQ0MmE3ZDJfNS0yLTEtMS0w_d2db4f37-5a61-4fd3-8e20-640e8a4425cb">1,018</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i93e62e9d085d47009031b586869a9a73_D20200101-20200331" decimals="-3" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjJlYjY5YmFhZDljNTRmOTI4MDFkM2YyNTk0NDJhN2QyL3RhYmxlcmFuZ2U6MmViNjliYWFkOWM1NGY5MjgwMWQzZjI1OTQ0MmE3ZDJfNS00LTEtMS0w_c3b281c8-1c7a-4cb0-b869-8498264137d2">939</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div></ix:nonNumeric><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Derivative Counterparty Credit Risk</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As discussed in our Annual Report on Form 10-K for the year ended December&#160;31, 2020, we consider counterparty risk as part of our fair value assessments of all derivative financial instruments at each quarter-end. At March&#160;31, 2021, we assessed this risk as remote and did not record an associated specific valuation adjustment. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, we were in compliance with our derivative counterparty ISDA agreements.</span></div></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">42</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_79"></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 12. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:OtherAssetsAndOtherLiabilitiesDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMTk4OQ_3525483a-a939-4e2e-a537-52180c17ae4b" continuedAt="i5bc750e153c34df783b94d5023884102" escape="true">Other Assets and Liabilities</ix:nonNumeric></span></div><ix:continuation id="i5bc750e153c34df783b94d5023884102" continuedAt="if287dd1ae9f144d6ac55821be96f6c61"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfOtherAssetsTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMjAwMg_73c58af4-3909-4c36-8d3c-d7686128d4ba" continuedAt="i4af5988834934ffc85d18aafd919534f" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other assets at March&#160;31, 2021 and December&#160;31, 2020 are summarized in the following table.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 12.1 &#8211; Components of Other Assets</span></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:62.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.541%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued interest receivable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMS0yLTEtMS0w_ed28fbe3-2634-44ad-80a2-7a214597abf1">40,097</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMS00LTEtMS0w_7a2b0fe5-9727-4557-8c2e-3964f59f5bae">39,445</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment receivable</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccruedInvestmentIncomeReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMi0yLTEtMS0w_6f630c61-6db3-4fc5-a29d-4c418b9db9e0">37,102</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccruedInvestmentIncomeReceivable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMi00LTEtMS0w_49a50fa3-1ff1-4a4d-8cd4-620d2e874ec4">43,176</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Margin receivable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarginDepositAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMy0yLTEtMS00NDM0_17bc6543-4b34-441b-8799-1e079284574d">16,283</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarginDepositAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMy00LTEtMS00NDM0_fa06d7f0-8784-4aa3-94db-bb7ba86a522e">4,758</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">REO</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateAcquiredThroughForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfNC0yLTEtMS00NDQw_31983811-f829-455b-9f56-f212aea3ee3f">15,829</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateAcquiredThroughForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfNC00LTEtMS00NDQw_84d877aa-6c14-4c27-bfd7-b6ce92b36ef4">8,413</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease right-of-use assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeaseRightOfUseAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMy0yLTEtMS0w_0e0e55c9-efec-4aa7-a894-28caff38d464">14,227</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeaseRightOfUseAsset" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMy00LTEtMS0w_dcf319d7-9f26-43a8-9dfd-06676b624dd3">15,012</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fixed assets and leasehold improvements</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PropertyPlantAndEquipmentNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfNC0yLTEtMS0w_a59f8737-f2e3-498a-a49f-4c6d171050a0">5,153</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PropertyPlantAndEquipmentNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfNC00LTEtMS0w_a2f0ebad-df97-4c0d-b274-c4d22421747f">4,203</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FHLBC stock</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FederalHomeLoanBankStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfNy0yLTEtMS0w_b1c796bb-202c-4e7b-8159-e35531d490dc">5,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:FederalHomeLoanBankStock" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfNy00LTEtMS0w_e574b677-a766-4976-a00f-8b1ddc19ab04">5,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pledged collateral</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfOC0yLTEtMS0w_2c40b3ae-f8af-437d-beb1-bd2e297085ec">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfOC00LTEtMS0w_d570d6e5-6b4e-4ec3-9d62-fd39531d73f7">1,177</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssetsMiscellaneous" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMTMtMi0xLTEtMA_7f0f201e-5988-4aa5-997e-7ea995337db1">8,047</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssetsMiscellaneous" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMTMtNC0xLTEtMA_fe5366bc-577a-483f-8507-17b05f18b9ae">9,404</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Other Assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMTQtMi0xLTEtMA_3bbfbf49-54ae-485c-a464-db37f7cdb30d">141,738</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMTQtNC0xLTEtMA_1baeb9a3-f367-4fde-9e42-a41141486c63">130,588</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric><div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"><ix:continuation id="i4af5988834934ffc85d18aafd919534f" continuedAt="if6ea081df42f4ce69d76200f1817dc97">(1)</ix:continuation></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"><ix:continuation id="if6ea081df42f4ce69d76200f1817dc97">Fixed assets and leasehold improvements had a basis of $<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:PropertyPlantAndEquipmentGross" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMjA3_6cc754b7-da09-454e-befa-b1faad147b4d">12</ix:nonFraction> million and accumulated depreciation of $<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMjQy_1dfd3161-a019-4e4e-80be-aaf12fb81b0f">7</ix:nonFraction> million at March&#160;31, 2021.</ix:continuation> </span></div><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:AccruedExpensesAndOtherLiabilitiesTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMTk4Mw_b795f95c-6fef-402b-8a85-242970c2d7ca" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Accrued expenses and other liabilities at March&#160;31, 2021 and December&#160;31, 2020 are summarized in the following table. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 12.2 &#8211; Components of Accrued Expenses and Other Liabilities</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:62.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.541%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Margin payable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:MarginPayable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMS0yLTEtMS00NDc5_98c36ae1-a555-4206-83cb-d6bb8e377fac">84,306</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:MarginPayable" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMS00LTEtMS00NDc5_af7fe860-b61b-47e5-a2f0-c66af4d749bb">14,728</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued interest payable</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMS0yLTEtMS0w_0cbe2e33-0aee-4c17-968c-5bcdb3636590">32,167</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestPayableCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMS00LTEtMS0w_5a2bdaeb-5d47-409a-92cb-93b9ba57bbba">34,858</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued compensation</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EmployeeRelatedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfNC0yLTEtMS00NDg3_528942cf-5e22-47d7-ae7e-b6cd1c2246ad">27,941</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EmployeeRelatedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfNC00LTEtMS00NDg3_b5fb5e3c-2797-4fb0-a019-fa6379545a26">24,393</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued income taxes payable</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccruedIncomeTaxesCurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfNS0yLTEtMS00NDk5_935f6198-e750-491a-955b-ada52fc3ebd6">17,174</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccruedIncomeTaxesCurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfNS00LTEtMS00NDk5_f7ab5a9d-05db-4084-b711-51c9cd7a85ad">5,614</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Payable to minority partner</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MinorityInterestInLimitedPartnerships" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMy0yLTEtMS0w_c3c1bfa3-db55-4a4d-8d17-a5b516ff8ebf">16,222</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MinorityInterestInLimitedPartnerships" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMy00LTEtMS0w_9b3f852a-463a-4b16-bce4-a460eabb656a">16,941</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeaseLiability" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfNS0yLTEtMS0w_b7427921-2c90-48fc-b0fc-2e0ba769717c">15,885</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeaseLiability" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfNS00LTEtMS0w_2c06003f-4510-4aaa-834c-489af62797b4">16,687</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current accounts payable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccountsPayableCurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfOC0yLTEtMS00NDkz_911f3603-2b20-4152-9a89-26b32954c6ac">15,712</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccountsPayableCurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfOC00LTEtMS00NDkz_eeabba03-882d-4862-a078-70a6807c2068">6,455</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Guarantee obligations</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GuarantyLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfNy0yLTEtMS0w_154fba44-6296-4265-8d57-a5c261759901">9,238</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GuarantyLiabilities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfNy00LTEtMS0w_db5fe9a0-f4a5-4e0e-8bcc-3e096b280828">10,039</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loan and MSR repurchase reserve</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:MortgageLoanOnRealEstateRepurchaseReserve" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTAtMi0xLTEtMA_0efa06ba-b989-408a-ba1b-1a5574986538">8,731</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:MortgageLoanOnRealEstateRepurchaseReserve" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTAtNC0xLTEtMA_902acc28-f631-4e3f-88bd-2e0fa700dcfc">8,631</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bridge loan holdbacks</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:BridgeLoanHoldback" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTEtMi0xLTEtMA_27deb3dd-9c83-416b-853e-a9818217a083">5,443</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:BridgeLoanHoldback" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTEtNC0xLTEtMA_d593018e-27e1-438f-b43b-eac467013ae7">5,708</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued operating expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:AccruedOperatingExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTUtMi0xLTEtMA_9636ce8b-7670-4962-a3e2-c7edca57f946">4,222</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:AccruedOperatingExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTUtNC0xLTEtMA_49087a78-57c8-4948-840d-d9afea07dc3a">5,509</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred consideration</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:zerodash" name="rwt:BusinessCombinationDeferredConsideration" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTctMi0xLTEtNDA5NA_45e853e0-4574-49d2-81b2-4fa6a74b1de3">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:BusinessCombinationDeferredConsideration" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTctNC0xLTEtMA_3de3ac2a-b144-440a-8be0-79825a53225f">14,579</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:OtherLiabilitiesMiscellaneous" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTgtMi0xLTEtMA_60a31aad-34b7-4cd7-ab9b-3859c5b6ffb6">7,233</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:OtherLiabilitiesMiscellaneous" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTgtNC0xLTEtMA_5737b7ed-ad85-404e-b8c5-55fb752cb01e">15,198</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Accrued Expenses and Other Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTktMi0xLTEtMA_2c5a843d-79a7-4a90-9c2b-082bd9fec350">244,274</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AccruedLiabilitiesCurrentAndNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTktNC0xLTEtMA_bab5531c-71e5-4b7a-ab18-3ee15a4f87b8">179,340</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Deferred Consideration</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The deferred consideration presented in the table above is related to our acquisition of 5 Arches in 2019. During the three months ended March&#160;31, 2021, we distributed <ix:nonFraction unitRef="shares" contextRef="i50e4916114a3496b96c44a9fef064940_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="rwt:BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMTA5OTUxMTYzMzI4MQ_bbc49747-0eaf-4d52-baad-d5cc7d9a854c">806,068</ix:nonFraction> shares of Redwood common stock and paid $<ix:nonFraction unitRef="usd" contextRef="i50e4916114a3496b96c44a9fef064940_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:PaymentForContingentConsiderationLiabilityFinancingActivities" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMTA5OTUxMTYzMzQ0Ng_352fdb74-30fb-42ed-a342-5687c4a136af">1</ix:nonFraction> million in cash in full settlement of the remaining deferred consideration associated with this acquisition.</span></div></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">43</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="margin-top:12pt;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 12. Other Assets and Liabilities - (continued)</span></div></div><ix:continuation id="if287dd1ae9f144d6ac55821be96f6c61"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">REO</span></div><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:OtherRealEstateRollForwardTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMjE5OTAyMzI1OTcwNQ_87c8b53e-0722-4968-9e07-578fdba3d4a0" escape="true"><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the activity and carrying values of REO assets held at Redwood and at consolidated Legacy Sequoia, Freddie Mac SLST, and CAFL entities during the three months ended March&#160;31, 2021. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 12.3 &#8211; REO Activity</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.572%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood Bridge </span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy Sequoia</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance at beginning of period&#160;</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i98092e27a19543389c90f573c6968712_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateAcquiredThroughForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMi0yLTEtMS0xMzc4_ba3ad99e-62fc-4189-a2fb-bde0c265eb2f">4,600</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iea1068e546f04912b572cb43b92fcf2b_I20201231" decimals="-3" name="us-gaap:RealEstateAcquiredThroughForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMi00LTEtMS0xMzc4_b4ed23a1-614e-4ef1-8a92-55b86857d728">638</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifb0e7eae411240568f17998722c44b16_I20201231" decimals="-3" name="us-gaap:RealEstateAcquiredThroughForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMi02LTEtMS0xMzc4_94693445-9a69-41cc-83ed-805114ac14f1">646</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i20a5d16647294933b875c5b0a773a3e3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateAcquiredThroughForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMi04LTEtMS0xMzc4_1422ad8a-dcea-48f0-ab31-0aebf8ca7b74">2,529</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateAcquiredThroughForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMi0xMC0xLTEtNDEwNQ_37f5cd0f-d383-4579-b44a-81ce480a4293">8,413</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfers to REO</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i069f06ca33ba4c358f08d41bf8bf6813_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateAcquisitionsThroughForeclosures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMy0yLTEtMS0xMzc4_8226ed12-56fe-44df-b0f9-c024ae333305">1,483</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5bf7d2c43ff34fb6876ff66ed4de0df2_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:RealEstateAcquisitionsThroughForeclosures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMy00LTEtMS0xMzc4_03269dc3-ee29-4cbb-b7b8-4815b3134f2c">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie42d37285e724465b4459dd904997e82_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateAcquisitionsThroughForeclosures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMy02LTEtMS0xMzc4_77eb8735-ee23-4fba-bed9-5851dd6aa45d">1,276</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iecb9e4bb611941cea89bf4299a4726a3_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateAcquisitionsThroughForeclosures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMy04LTEtMS0xMzc4_5c0558ea-8b82-457f-afa1-24f06f618d8b">11,924</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateAcquisitionsThroughForeclosures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMy0xMC0xLTEtNDEwNQ_efee3818-0adb-455e-9155-95e6ada9ed50">14,683</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liquidations </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i069f06ca33ba4c358f08d41bf8bf6813_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateCostOfRealEstateSold" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNC0yLTEtMS0xMzc4_a078a2f8-98e3-4817-b85a-5f7c1e95356d">4,880</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i5bf7d2c43ff34fb6876ff66ed4de0df2_D20210101-20210331" decimals="-3" name="us-gaap:RealEstateCostOfRealEstateSold" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNC00LTEtMS0xMzc4_3850fb8a-1c36-48f3-a94f-90151f55c572">40</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ie42d37285e724465b4459dd904997e82_D20210101-20210331" decimals="-3" name="us-gaap:RealEstateCostOfRealEstateSold" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNC02LTEtMS0xMzc4_f21c0481-6f93-41e3-be7c-bc89db65287e">91</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iecb9e4bb611941cea89bf4299a4726a3_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateCostOfRealEstateSold" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNC04LTEtMS0xMzc4_ea120ae0-87cf-4d34-a9d9-9a92ea18a087">1,909</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateCostOfRealEstateSold" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNC0xMC0xLTEtNDEwNQ_fa118f1b-7789-444c-a149-c223fe5e7e88">6,920</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Changes in fair value, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i069f06ca33ba4c358f08d41bf8bf6813_D20210101-20210331" decimals="-3" name="us-gaap:PrincipalInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNS0yLTEtMS0xMzc4_9901fcec-7d9f-44ff-a922-6f10571ed4bb">282</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i5bf7d2c43ff34fb6876ff66ed4de0df2_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:PrincipalInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNS00LTEtMS0xMzc4_5d0658bb-2a5e-4bd4-99ce-3b2abcd21c07">2</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie42d37285e724465b4459dd904997e82_D20210101-20210331" decimals="-3" name="us-gaap:PrincipalInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNS02LTEtMS0xMzc4_b879d5fc-3622-467b-9e42-04183c9ce6b0">28</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iecb9e4bb611941cea89bf4299a4726a3_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:PrincipalInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNS04LTEtMS0xMzc4_11ae49a1-40fa-469f-b3b6-5d3312f24b9a">655</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:PrincipalInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNS0xMC0xLTEtNDEwNQ_1142ffd4-9867-4b98-8911-28f55b8ced60">347</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at End of Period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2958cc03738f48d2a1eb431b9629817e_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateAcquiredThroughForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNi0yLTEtMS00MTA1_6d66489d-72a2-4e99-af2f-ee8b38493c73">1,485</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i771e5befde524fbc88c2293bc358afa9_I20210331" decimals="-3" name="us-gaap:RealEstateAcquiredThroughForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNi00LTEtMS00MTA1_c8e83f15-59cb-48db-92b5-93cfecc09a23">596</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia8d57cf3bfb84a499f6d9c92669033ee_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateAcquiredThroughForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNi02LTEtMS00MTA1_d57ad67a-59f6-44e7-95c3-7398ee08b9d1">1,859</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia17c0de8f1d44ea094a1e171b3f19711_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateAcquiredThroughForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNi04LTEtMS00MTA1_cbfa3b79-870a-444a-8ded-1b1d990c7222">11,889</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealEstateAcquiredThroughForeclosure" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNi0xMC0xLTEtNDEwNQ_b2a44f0c-4b58-47ea-b9a0-8a2699b34a26">15,829</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:5pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For the three months ended March&#160;31, 2021, REO liquidations resulted in $<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-5" sign="-" format="ixt:numdotdecimal" name="us-gaap:PrincipalInvestmentGainsLosses" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMTA5OTUxMTYzMTQ3Mw_58accd98-a416-48f0-8343-b4abd4714526">0.3</ix:nonFraction> million of realized losses, which were recorded in Investment fair value changes, net on our consolidated statements of income (loss).</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the detail of REO assets at Redwood and at consolidated Legacy Sequoia, Freddie Mac SLST, and CAFL entities at March&#160;31, 2021 and December&#160;31, 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 12.4 &#8211; REO Assets </span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.572%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Number of REO assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood  Bridge </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy Sequoia</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">At March 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="asset" contextRef="i2958cc03738f48d2a1eb431b9629817e_I20210331" decimals="INF" name="us-gaap:NumberOfRealEstateProperties" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMS0yLTEtMS0xMzk5_b0c2f71f-b2f9-4026-9221-e60b0d23426f">2</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="asset" contextRef="i771e5befde524fbc88c2293bc358afa9_I20210331" decimals="INF" name="us-gaap:NumberOfRealEstateProperties" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMS00LTEtMS0xMzk5_53d0b372-ab16-4267-8a3b-805027b054e9">2</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="asset" contextRef="ia8d57cf3bfb84a499f6d9c92669033ee_I20210331" decimals="INF" name="us-gaap:NumberOfRealEstateProperties" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMS02LTEtMS0xMzk5_093e289c-227f-49a6-9950-e5e93ed651b0">20</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="asset" contextRef="ia17c0de8f1d44ea094a1e171b3f19711_I20210331" decimals="INF" name="us-gaap:NumberOfRealEstateProperties" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMS04LTEtMS0xMzk5_7a156353-735a-4fd0-bb56-9276b9967370">2</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="asset" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="INF" name="us-gaap:NumberOfRealEstateProperties" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMS0xMC0xLTEtNDEwOQ_733b4466-5293-4139-b5c7-95c5f2f6a97d">26</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">At December 31, 2020</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="asset" contextRef="i98092e27a19543389c90f573c6968712_I20201231" decimals="INF" name="us-gaap:NumberOfRealEstateProperties" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMi0yLTEtMS0xMzk5_08793233-83cb-444d-8ec5-925a67b57dcc">3</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="asset" contextRef="iea1068e546f04912b572cb43b92fcf2b_I20201231" decimals="INF" name="us-gaap:NumberOfRealEstateProperties" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMi00LTEtMS0xMzk5_7c15c3d6-6284-451e-8ffe-2da384e3245a">3</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="asset" contextRef="ifb0e7eae411240568f17998722c44b16_I20201231" decimals="INF" name="us-gaap:NumberOfRealEstateProperties" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMi02LTEtMS0xMzk5_a456d65f-6db9-4d64-9391-e1bb269a96e5">9</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="asset" contextRef="i20a5d16647294933b875c5b0a773a3e3_I20201231" decimals="INF" name="us-gaap:NumberOfRealEstateProperties" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMi04LTEtMS0xMzk5_b406c150-7abe-4964-b67b-dff7b370e3f9">2</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="asset" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="INF" name="us-gaap:NumberOfRealEstateProperties" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMi0xMC0xLTEtNDEwOQ_5d505ba9-63b1-4995-a61b-da74e684300f">17</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Refer to our Annual Report on Form 10-K for the year ended December&#160;31, 2020 for additional descriptions of our other assets and liabilities.</span></div></ix:continuation><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">44</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_82"></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 13. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ShortTermDebtTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjg3NA_914f04b3-1119-4d21-a6bc-e649300ceff8" continuedAt="i5fba7fd05e0b43c1b30a2f6b64d48d76" escape="true">Short-Term Debt</ix:nonNumeric></span></div><ix:continuation id="i5fba7fd05e0b43c1b30a2f6b64d48d76" continuedAt="id4a8be6a6cdd4e91a477df88c1316beb"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We enter into repurchase agreements, bank warehouse agreements, and other forms of collateralized (and generally uncommitted) short-term borrowings with several banks and major investment banking firms. At March&#160;31, 2021, we had outstanding agreements with several counterparties and we were in compliance with all of the related covenants.</span></div><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfShortTermDebtTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjg4Mw_b1eed8f2-8566-4132-b730-8f98a2a129c3" continuedAt="i9cef3034dc8546929243ab6e5d29b0d2" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The table below summarizes our short-term debt, including the facilities that are available to us, the outstanding balances, the weighted average interest rate, and the maturity information at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 13.1 &#8211; Short-Term Debt </span></div><div style="margin-bottom:5pt;margin-top:17pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:34.644%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.218%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.470%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.218%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.244%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.112%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.224%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of Facilities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Outstanding Balance</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Limit </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Interest Rate</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Maturity</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Days Until Maturity</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Residential loan warehouse </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="facility" contextRef="ia9f73043c9e94ae7b27003e766e53bb8_D20210101-20210331" decimals="INF" name="rwt:NumberOfFacilities" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfMy0yLTEtMS0w_59171bda-b2c7-4595-b1d9-e59d77dd8f0e">5</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia8b45feee21a473caa69936a8cdfeb16_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfMy00LTEtMS0w_a460cc66-29db-427f-9489-76fb76b3f626">839,224</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia8b45feee21a473caa69936a8cdfeb16_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfMy02LTEtMS0w_bb6154cd-5c92-4684-908d-08c3568f2de8">1,600,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ia8b45feee21a473caa69936a8cdfeb16_I20210331" decimals="4" name="us-gaap:ShortTermDebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfMy04LTEtMS0w_6391218a-1d2c-40e1-9ab2-bf9b4ee25ba1">2.15</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8/2021-3/2022</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ia9f73043c9e94ae7b27003e766e53bb8_D20210101-20210331" format="ixt-sec:durday" name="rwt:DebtInstrumentAverageMaturityTerm" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfMy0xMi0xLTEtMA_50361d75-2b03-41ae-8501-458e0dba107f">268</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Business purpose loan warehouse </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="facility" contextRef="i8db4db0fd8b744d4bb3321992e0f902c_D20210101-20210331" decimals="INF" name="rwt:NumberOfFacilities" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNS0yLTEtMS0w_c1adf08f-a81a-4a9d-afb3-f411fd1aeb7e">2</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6ffd4857f85440afa0a284ed23406060_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNS00LTEtMS0w_7ac4ef0a-bf21-4b3e-9f3b-939ebac02ca2">140,916</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6ffd4857f85440afa0a284ed23406060_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNS02LTEtMS0w_99986c76-0bb6-494d-be49-791f22c6ea22">500,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i6ffd4857f85440afa0a284ed23406060_I20210331" decimals="4" name="us-gaap:ShortTermDebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNS04LTEtMS0w_4fbb4d0f-76aa-4949-bff0-913f001b766a">3.54</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5/2022-6/2022</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i8db4db0fd8b744d4bb3321992e0f902c_D20210101-20210331" format="ixt-sec:durday" name="rwt:DebtInstrumentAverageMaturityTerm" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNS0xMi0xLTEtMA_6d82cebc-edd6-49ae-8ec4-ff50e752f14c">436</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Real estate securities repo</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="facility" contextRef="i03f8c314defc43e394b642d3d9447ede_D20210101-20210331" decimals="INF" name="rwt:NumberOfFacilities" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNi0yLTEtMS0w_51b60b3b-e709-4e09-bedc-16ff93ed043d">3</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i16501a1ddb2e470d9252f70cf0ff6ffe_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNi00LTEtMS0w_0432f244-c15c-4b7b-99d5-9eddc00e6a57">81,670</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i16501a1ddb2e470d9252f70cf0ff6ffe_I20210331" decimals="INF" format="ixt:zerodash" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNi02LTEtMS0w_9d27f3bb-9e91-4e50-95ad-fbfd618385bf">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i16501a1ddb2e470d9252f70cf0ff6ffe_I20210331" decimals="4" name="us-gaap:ShortTermDebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNi04LTEtMS0w_fde93bd6-50b7-4803-8d66-95a751473219">1.72</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4/2021-6/2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i03f8c314defc43e394b642d3d9447ede_D20210101-20210331" format="ixt-sec:durday" name="rwt:DebtInstrumentAverageMaturityTerm" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNi0xMi0xLTEtMA_0d156d85-3f7a-4a65-bc62-7136e46b4ad2">35</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Short-Term Debt Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="facility" contextRef="i5f0633799e684b9caa13b5cf327093f3_D20210101-20210331" decimals="INF" name="rwt:NumberOfFacilities" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfOC0yLTEtMS0w_1c18daa8-86bc-4c3e-84b5-8e49dc5bb431">10</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia43810ecb4814dfdb51727eef760ddcf_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfOC00LTEtMS0w_2919193c-a630-4390-9d44-465a27a442b2">1,061,810</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Servicer advance financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="facility" contextRef="i28db743f036346c8b3e261874ea54c69_D20210101-20210331" decimals="INF" name="rwt:NumberOfFacilities" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfOS0yLTEtMS0w_e73d17a8-a1f2-4aa9-be37-335256d5230f">1</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic8aee2b0ca644fc7a048baf04d01762f_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfOS00LTEtMS0w_3b73813e-e5cd-4ceb-920e-32fa06c9c650">192,072</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic8aee2b0ca644fc7a048baf04d01762f_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfOS02LTEtMS0w_55b207a1-8476-4c24-968d-58b71b13ab64">335,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ic8aee2b0ca644fc7a048baf04d01762f_I20210331" decimals="4" name="us-gaap:ShortTermDebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfOS04LTEtMS0w_809734aa-75b6-4070-ada9-95b2a5d45931">1.91</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11/2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i28db743f036346c8b3e261874ea54c69_D20210101-20210331" format="ixt-sec:durday" name="rwt:DebtInstrumentAverageMaturityTerm" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfOS0xMi0xLTEtMA_40fdda08-03b9-4582-b284-5f47902bd429">244</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Short-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfMTEtNC0xLTEtMA_bbc4a5ce-c530-4652-a322-f44a6801e804">1,253,882</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:11pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:34.644%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.218%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.470%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.218%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.244%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.112%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.224%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of Facilities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Outstanding Balance</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Limit</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Interest Rate</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Maturity</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Days Until Maturity</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Residential loan warehouse </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="facility" contextRef="i6dec8b91139641398d58c641e005c944_D20200101-20201231" decimals="INF" name="rwt:NumberOfFacilities" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfMy0yLTEtMS0w_08117363-0c08-4922-9da1-8f710a9dd0ed">4</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibf7a2f21c68f47c2b9d4533028ecca17_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfMy00LTEtMS0w_d61b2c11-368d-4762-bd25-1c870daa835b">137,269</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibf7a2f21c68f47c2b9d4533028ecca17_I20201231" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfMy02LTEtMS0w_ed160b7e-b7d6-4b91-948a-f09552cce31a">1,300,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ibf7a2f21c68f47c2b9d4533028ecca17_I20201231" decimals="4" name="us-gaap:ShortTermDebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfMy04LTEtMS0w_c1e1df6f-e986-4dbe-bfd2-2d052ea81f88">2.45</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1/2021-11/2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i6dec8b91139641398d58c641e005c944_D20200101-20201231" format="ixt-sec:durday" name="rwt:DebtInstrumentAverageMaturityTerm" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfMy0xMi0xLTEtMA_be56198a-9e65-4d6f-b0c3-6b6f00feb014">268</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Business purpose loan warehouse </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="facility" contextRef="i165357a3af1b4e889fdbcc8712be25a1_D20200101-20201231" decimals="INF" name="rwt:NumberOfFacilities" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNS0yLTEtMS0w_97284dc6-66c4-453b-bb42-2de8e085f46a">2</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idfec88cc598346d7b86f7f2c60d3e9e4_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNS00LTEtMS0w_a6a5916f-bf25-457d-bd45-a205178b7fa5">99,190</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idfec88cc598346d7b86f7f2c60d3e9e4_I20201231" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNS02LTEtMS0w_1a9e7dcf-07be-4f87-90ff-ed010eb0c6f4">500,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="idfec88cc598346d7b86f7f2c60d3e9e4_I20201231" decimals="4" name="us-gaap:ShortTermDebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNS04LTEtMS0w_0a2288f5-842c-4b04-83c1-1bb12d127042">3.37</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5/2022-6/2022</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i165357a3af1b4e889fdbcc8712be25a1_D20200101-20201231" format="ixt-sec:durday" name="rwt:DebtInstrumentAverageMaturityTerm" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNS0xMi0xLTEtMA_d7e956fb-5cd1-4c1d-a9bf-4d9d0be0fd01">521</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Real estate securities repo</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="facility" contextRef="i126060c464f44f83aa01b7b6b649d124_D20200101-20201231" decimals="INF" name="rwt:NumberOfFacilities" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNi0yLTEtMS0w_97ee6dcc-a040-45d8-8c0a-a3e53fa85b74">3</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iacb3041a746c4c6bafa32dc5e51008cf_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNi00LTEtMS0w_203685de-03fc-4b0a-8ef8-2190e6d0073a">77,775</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iacb3041a746c4c6bafa32dc5e51008cf_I20201231" decimals="INF" format="ixt:zerodash" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNi02LTEtMS0w_81e86e4a-0f8e-4c3c-bf17-1194f7bee770">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="iacb3041a746c4c6bafa32dc5e51008cf_I20201231" decimals="4" name="us-gaap:ShortTermDebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNi04LTEtMS0w_8c5f9f8e-4e35-417b-b027-4494c6437b95">2.24</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1/2021-3/2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i126060c464f44f83aa01b7b6b649d124_D20200101-20201231" format="ixt-sec:durday" name="rwt:DebtInstrumentAverageMaturityTerm" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNi0xMi0xLTEtMA_0ea77550-0049-482a-a478-07554d4d7ece">36</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Short-Term Debt Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="facility" contextRef="i79ae9a48a64f4676b488b1e0abf75e6e_D20200101-20201231" decimals="INF" name="rwt:NumberOfFacilities" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNy0yLTEtMS0w_b00da852-5e0c-4624-9855-74bd281f4830">9</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4255791bdb9f43d6b5eead494efb6e4c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNy00LTEtMS0w_79a7a8e8-5776-416c-bcf9-c4b0329ab6a2">314,234</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Servicer advance financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="facility" contextRef="i04266052ec5e42aa9a2f8baec7852699_D20200101-20201231" decimals="INF" name="rwt:NumberOfFacilities" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfOC0yLTEtMS0w_186ee00a-48d9-4890-97fd-ba90f669f2bd">1</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i28e8453c5c2b43c5b3d9b6aaaabdbbc7_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfOC00LTEtMS0w_3cb0064b-9b5a-40c5-87b3-2be7765dc0bd">208,375</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i28e8453c5c2b43c5b3d9b6aaaabdbbc7_I20201231" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfOC02LTEtMS0w_44bc3b73-5339-4ab4-9d1b-7fd990d5e542">335,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i28e8453c5c2b43c5b3d9b6aaaabdbbc7_I20201231" decimals="4" name="us-gaap:ShortTermDebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfOC04LTEtMS0w_7975b60b-335f-4b5c-9bdb-43f55f84c43a">1.95</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11/2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i04266052ec5e42aa9a2f8baec7852699_D20200101-20201231" format="ixt-sec:durday" name="rwt:DebtInstrumentAverageMaturityTerm" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfOC0xMi0xLTEtMA_b4ac5a99-a35d-4a03-8977-daa9d5bc8db3">334</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Short-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfMTAtNC0xLTEtMA_40320250-0973-4d53-81d4-44806bc3a5a8">522,609</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Borrowings under our facilities are generally charged interest based on a specified margin over the one-month LIBOR interest rate. At March&#160;31, 2021 and December&#160;31, 2020, all of these borrowings were under uncommitted facilities and were due within 364 days (or less) of the borrowing date.</span></div></ix:nonNumeric><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"><ix:continuation id="i9cef3034dc8546929243ab6e5d29b0d2" continuedAt="i2dff0742f5a94f53823fcfa8b05cc44f">(2)</ix:continuation></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"><ix:continuation id="i2dff0742f5a94f53823fcfa8b05cc44f">Due to the revolving nature of the borrowings under these facilities, we have classified these facilities as short-term debt at March&#160;31, 2021. Borrowings under these facilities will be repaid as the underlying loans mature or are sold to third parties or transferred to securitizations.</ix:continuation> </span></div></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">45</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="margin-top:12pt;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 13. Short-Term Debt - (continued)</span></div></div><ix:continuation id="id4a8be6a6cdd4e91a477df88c1316beb" continuedAt="i36dcaf4e29a84d31abd60be00a6d15de"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:ScheduleCollateralforShortTermDebtTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjg2Mw_c0f65faf-c8a7-4f51-a8e5-5cee256d8e1c" continuedAt="id02d7dea2f8d4a5cae0dc4bffc741aa1" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table below presents the value of loans, securities, and other assets pledged as collateral under our short-term debt at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 13.2 &#8211; Collateral for Short-Term Debt</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:61.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.096%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Collateral Type</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale residential loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i19473de808124d1089382119073c12e0_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansPledgedAsCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMi0yLTEtMS0w_54b4b970-16e0-43b5-8928-50b0c8557693">926,076</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i533a836792b343b88bfe29836076ae8f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansPledgedAsCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMi00LTEtMS0w_5a5279a1-6285-4ed1-b3b1-a1fcfb746a0c">156,355</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i44601d0c42c243da8341d91b7d40c1b5_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansPledgedAsCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMy0yLTEtMS0w_0289a7ce-5056-40d2-9ced-7e86e330a63e">164,829</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idda1a11084c643638084a5460f64b932_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LoansPledgedAsCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMy00LTEtMS0w_88febe1c-76b7-4672-a2ee-58d1b658da23">127,029</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">On balance sheet</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i66ce44f2248d41c7b98399860d7d0466_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtSecuritiesAvailableForSaleRestricted" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfNS0yLTEtMS0w_9215eab2-9942-43d4-9861-1f85521a1835">16,611</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id578750521044656a9445ef3628c80a0_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtSecuritiesAvailableForSaleRestricted" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfNS00LTEtMS0w_8151256b-259b-4786-9bfc-e16936a75ec6">23,193</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sequoia Choice securitizations </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0835f2be609d4cdb9e4990235edcdda9_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtSecuritiesTradingRestricted" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfNi0yLTEtMS0w_bcc38945-e7b7-48ce-ae1d-268584d6730c">63,194</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib5ac6a7aee5843bd9a4269e0655dc6fa_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtSecuritiesTradingRestricted" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfNi00LTEtMS0w_48ae7149-d3e3-4b11-92d2-ca739919f71d">63,105</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Freddie Mac K-Series securitization </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9e40d1d600dd4c028de213f181c242b6_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtSecuritiesTradingRestricted" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfOC0yLTEtMS0w_06bc28d4-ee75-42bb-a4d6-b72c8dacaa28">28,979</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i77bd7942ec824d8f849a74e0c4e59664_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtSecuritiesTradingRestricted" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfOC00LTEtMS0w_1ffd51fc-4ad0-447f-b2de-1d0c43ce3148">28,255</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total real estate securities owned</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia43810ecb4814dfdb51727eef760ddcf_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTAtMi0xLTEtMA_7403211c-0334-4b5b-9ade-4ad65f8b7dcd">108,784</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4255791bdb9f43d6b5eead494efb6e4c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTAtNC0xLTEtMA_a4e1e030-187e-4d12-9b69-60b28648afa4">114,553</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restricted cash and other assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia43810ecb4814dfdb51727eef760ddcf_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:RestrictedCashAndOtherAssetsPledgedAsCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTEtMi0xLTEtMA_01823c40-a37b-4f59-8fe5-31465162591b">17,381</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4255791bdb9f43d6b5eead494efb6e4c_I20201231" decimals="-3" name="rwt:RestrictedCashAndOtherAssetsPledgedAsCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTEtNC0xLTEtMA_3ff9c1e7-934e-4501-bff4-e1f31a87d0eb">315</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Collateral for Short-Term Debt Facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia43810ecb4814dfdb51727eef760ddcf_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:ShorttermDebtPledgedasCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTItMi0xLTEtMA_caab827d-5e52-43bd-a77e-caa8edacfc3e">1,217,070</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4255791bdb9f43d6b5eead494efb6e4c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:ShorttermDebtPledgedasCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTItNC0xLTEtMA_fc26b2fc-536b-4323-be5b-ad9ba027b829">398,252</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic8aee2b0ca644fc7a048baf04d01762f_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashCollateralForBorrowedSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTMtMi0xLTEtNDY3Mg_d6b1f896-68a5-41a1-ba0c-040f4a516335">10,698</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i28e8453c5c2b43c5b3d9b6aaaabdbbc7_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CashCollateralForBorrowedSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTMtNC0xLTEtNDY3Mg_4d6d186b-2d61-4b5e-89dd-a4584f1d689a">9,978</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restricted cash</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic8aee2b0ca644fc7a048baf04d01762f_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:RestrictedCashCollateralForBorrowedSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTQtMi0xLTEtNDY3Mg_00ae71be-3065-4f12-95b0-7c781600454d">29,518</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i28e8453c5c2b43c5b3d9b6aaaabdbbc7_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:RestrictedCashCollateralForBorrowedSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTQtNC0xLTEtNDY3Mg_b446cd00-4388-44f1-87c3-faf5aa792d6d">23,220</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advances</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic8aee2b0ca644fc7a048baf04d01762f_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:ServicerAdvancesCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTUtMi0xLTEtNDY3Mg_b303625c-d795-4180-befc-2821d80ca872">192,852</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i28e8453c5c2b43c5b3d9b6aaaabdbbc7_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:ServicerAdvancesCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTUtNC0xLTEtNDY3Mg_96694795-b08c-4404-8a0b-a179cafae893">217,656</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Collateral for Servicer Advance Financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic8aee2b0ca644fc7a048baf04d01762f_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:ShorttermDebtPledgedasCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTYtMi0xLTEtNDY3Mg_af858291-32c7-4b15-a8c0-ff96c4b3ed91">233,068</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i28e8453c5c2b43c5b3d9b6aaaabdbbc7_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:ShorttermDebtPledgedasCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTYtNC0xLTEtNDY3Mg_31b46b10-1713-4667-b587-019fb31a19ee">250,854</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Collateral for Short-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:ShorttermDebtPledgedasCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTctMi0xLTEtNDY3Mg_6ce40305-bbba-4deb-bc2c-461555a14963">1,450,138</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:ShorttermDebtPledgedasCollateral" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTctNC0xLTEtNDY3Mg_424b5318-3048-43aa-86fe-cbd8c75c958f">649,106</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric><div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"><ix:continuation id="id02d7dea2f8d4a5cae0dc4bffc741aa1" continuedAt="if29fa9f489f6446691b59a3c4f3eafdb">(1)</ix:continuation></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"><ix:continuation id="if29fa9f489f6446691b59a3c4f3eafdb">Represents securities we have retained from consolidated securitization entities. For GAAP purposes, we consolidate the loans and non-recourse ABS debt issued from these securitizations.</ix:continuation> </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the three months ended March&#160;31, 2021 and 2020, the average balances of our short-term debt facilities were $<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:ShorttermDebtAverageOutstandingAmount" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMTY0Mw_1cf77b52-9ca1-4f40-b315-f0a7b98b7968">988</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:ShorttermDebtAverageOutstandingAmount" scale="9" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMTA5OTUxMTYzMDg5NA_e9cf3bba-3240-4924-83e5-30b449af7eab">1.74</ix:nonFraction> billion, respectively. At both March&#160;31, 2021 and December&#160;31, 2020, accrued interest payable on our short-term debt facilities was $<ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:InterestPayableCurrent" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMTc0NQ_482014e3-b242-4e0f-9716-90085998e7ff"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:InterestPayableCurrent" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMTc0NQ_ff8ab732-244f-4fe0-aa66-0897383e8c7e">1</ix:nonFraction></ix:nonFraction> million.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Servicer advance financing consists of non-recourse short-term securitization debt used to finance servicer advance investments. We consolidate the securitization entity that issued the debt, but the entity is independent of Redwood and the assets and liabilities are not owned by and are not legal obligations of Redwood. At March&#160;31, 2021, the accrued interest payable balance on this financing was $<ix:nonFraction unitRef="usd" contextRef="i2bce8ddeacf34f0ab08ac9d6c5579bf2_I20210331" decimals="-5" format="ixt:numdotdecimal" name="us-gaap:InterestPayableCurrent" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjI4MQ_533c2d61-3de2-4be7-885d-dcae6da0ff4f">0.1</ix:nonFraction> million and the unamortized capitalized commitment costs were $<ix:nonFraction unitRef="usd" contextRef="i2bce8ddeacf34f0ab08ac9d6c5579bf2_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjMzOA_8f37bd22-7882-4328-a237-e53be78909d2">1</ix:nonFraction> million.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We also maintain a $<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjM2MQ_7b4b1c49-fef4-4982-8656-bd8e4d83cde2">10</ix:nonFraction> million committed line of credit with a financial institution that is secured by certain mortgage-backed securities with a fair market value of $<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjUwMA_d39442a4-627f-4dd2-bb34-318b4a415811">2</ix:nonFraction> million at March&#160;31, 2021. At both March&#160;31, 2021 and December&#160;31, 2020, we had <ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="INF" format="ixt-sec:numwordsen" name="us-gaap:LineOfCredit" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjUzNg_5b8f3ab2-9ac9-4b38-9725-4bba95b9ba04"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="INF" format="ixt-sec:numwordsen" name="us-gaap:LineOfCredit" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjUzNg_cb279dff-19bb-42cf-94f5-fbd8fd58e6fa">no</ix:nonFraction></ix:nonFraction> outstanding borrowings on this facility.</span></div></ix:continuation><div style="margin-top:12pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">46</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="margin-top:12pt;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 13. Short-Term Debt - (continued)</span></div></div><ix:continuation id="i36dcaf4e29a84d31abd60be00a6d15de"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Remaining Maturities of Short-Term Debt</span></div><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:ScheduleOfMaturitiesOfDebtDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjg3Mg_9b5f054a-3b65-496a-bda5-4cfac4610647" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the remaining maturities of our secured short-term debt by the type of collateral securing the debt at March&#160;31, 2021.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 13.3 &#8211; Short-Term Debt by Collateral Type and Remaining Maturities</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"><tr><td style="width:1.0%"></td><td style="width:40.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.941%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.409%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.409%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.414%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Within 30 days</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">31 to 90 days</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Over 90 days</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Collateral Type</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale residential loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4d47feb4875240099f8dfb49bcce80ac_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfMy0yLTEtMS0w_bb44bf14-a49c-4358-86a0-3c511f98972e">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic71992f105d94499813141a1797e4135_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfMy00LTEtMS0w_071f2c5d-2ed2-49af-9d67-f38ae70ea994">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6722a519fb4149eb9fc17aee7affa8f5_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfMy02LTEtMS0w_54624324-ba75-4027-be8c-dc687d361bf9">839,224</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia8b45feee21a473caa69936a8cdfeb16_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfMy04LTEtMS0w_8fa5cc4a-ecd7-49e6-825e-dcfc5e2cb7f3">839,224</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i204e8a8914c740268bd5345279f02f5b_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNC0yLTEtMS0w_1bba69e7-67f7-429f-a71d-c1a4615c5b70">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if20f917400db40719d651fa20b023411_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNC00LTEtMS0w_90f1b5d2-87a8-47a0-946c-f7bd4bc4e8b6">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i711b39c118a84c1a977efb93db078afe_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNC02LTEtMS0w_24817c64-e48e-4fc8-b913-2494f41e3361">140,916</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5837647120084c96b54df3f5d905156b_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNC04LTEtMS0w_cc974555-1da3-48a2-a03c-4f7def61aa8e">140,916</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idf3482c029ad48f1ba0760acf7f75b94_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNS0yLTEtMS0w_6fe21b07-2a19-4bcd-8d0d-963e458d81d0">44,391</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i11d91a3b3c3b4d37be0325dff092ab50_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNS00LTEtMS0w_ba6cb347-a6c3-497c-a5f2-0b670811314c">37,279</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie7eadc17d2e940879311b35092763743_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNS02LTEtMS0w_f39852dd-5397-4c4b-94fa-ec50161a59db">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1257813a51f642b3bfaa11ea96a66862_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNS04LTEtMS0w_dcb8751e-a00f-4c8d-9afb-d7d6f409167d">81,670</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Secured Short-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i994ba2e6bb42435dbf31691dce2f1ee9_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNy0yLTEtMS0w_02eced53-74a8-40f9-8a5c-58af5ca392e3">44,391</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8959eb5ac0484ef9b167d9aeb2c07380_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNy00LTEtMS0w_1e440e83-e4e5-4cfd-903e-fcb30c2c8e47">37,279</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7d4455cdce8c4cd1ab7a2cd18b68ef0e_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNy02LTEtMS0w_650a3fac-d3ef-4378-991d-1254e9330b08">980,140</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia43810ecb4814dfdb51727eef760ddcf_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNy04LTEtMS0w_4fedc502-7a17-4d42-b5b4-3c07b5f457b6">1,061,810</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifb0ce1c9f3024099b2a35d71885ad4e6_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfOC0yLTEtMS0w_774c0407-d506-476b-9818-7f17428324b2">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4c734f5e49446c1825feabdc91f9c23_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfOC00LTEtMS0w_98170dce-b98c-4ba5-8110-afe4e4e81c3d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i353bfb4b1d76415787b22c1846da781e_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfOC02LTEtMS0w_0308070f-588b-4134-8eeb-a0fcc43ff280">192,072</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic8aee2b0ca644fc7a048baf04d01762f_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfOC04LTEtMS0w_e17f3388-db78-4df6-aa5e-02dea0ca4b26">192,072</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Short-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2e2a720daea4424981a9a3bfc0a9266e_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfMTAtMi0xLTEtMA_70d7ddeb-2125-404f-a738-fa6f57d26bc8">44,391</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idb4256a033f94d7d9550acd78c5210b1_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfMTAtNC0xLTEtMA_44420da6-c66a-4619-b814-76ef681d6f2b">37,279</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7f6787149f044de881ddb33f0e9b6af6_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfMTAtNi0xLTEtMA_05f0f67a-8eaf-4172-8684-6836396a2287">1,172,212</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ShortTermBorrowings" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfMTAtOC0xLTEtMA_0f686895-4b50-44b9-a95c-1a00816af26c">1,253,882</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric></ix:continuation><div id="ibbb1cfc257ec4428ade8d1d12a26495b_85"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 14. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:SecuredBorrowingsDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMjMzMg_e1c9d4ce-7609-48a8-9a8d-1c180c06e98e" continuedAt="i89dabafc35a9498a971997180b8ed7eb" escape="true">Asset-Backed Securities Issued</ix:nonNumeric></span></div><ix:continuation id="i89dabafc35a9498a971997180b8ed7eb" continuedAt="i3d105cd0247b411fa7bfcbbe91bd09c3"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:ScheduleOfAssetBackedSecuritiesTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMjMxNA_04347777-b245-42c8-bded-2dc27ea54ef3" continuedAt="i52d4c69fa6234d258882b4c34bf90914" escape="true">The carrying values of ABS issued by our consolidated securitization entities at March&#160;31, 2021 and December&#160;31, 2020, along with other selected information, are summarized in the following table.</ix:nonNumeric></span></div><ix:continuation id="i52d4c69fa6234d258882b4c34bf90914"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 14.1 &#8211; Asset-Backed Securities Issued</span></div><div style="margin-bottom:11pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.435%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy<br/>Sequoia</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia<br/>Choice</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac SLST </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac <br/>K-Series</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Certificates with principal balance</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i343f7d58b5ad4b2b808242ccfd164ba0_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMi0yLTEtMS0w_e5a816fc-8720-4dbf-82cf-5ecb72dc0a84">309,916</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8e55d2d99438429784b19040fac15722_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMi00LTEtMS0w_978e9d60-d2cc-4371-ad47-016779879158">1,024,081</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7bbdc1122ecc42e998cd7aade3b78f6f_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMi02LTEtMS0w_e3d4fa1b-1493-4afc-ba38-f23be94a9fb5">1,800,808</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic3375d4d9fc24faca889b9e97fc56f03_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMi04LTEtMS0w_0001b4a9-4911-4fda-9da9-640275c32b88">424,393</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e7649e538bc4534899ef0a37e93c0f8_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMi0xMC0xLTEtMA_0bea3f91-8dc4-490d-864c-6dbccd139f27">2,728,355</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4fcaa88a628c47e18af9a8f1ebb9c9df_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMi0xMi0xLTEtMA_c6c71643-5321-45f3-91f9-ab131c044cc9">6,287,553</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest-only certificates</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia298df1f5eb24d01bf5d5179d1c6dd21_I20210331" decimals="-3" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMy0yLTEtMS0w_8d4e9fce-c27b-4ab0-9876-9162e658a0e5">819</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib3e2eebe59844154897ccb2c89f1e870_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMy00LTEtMS0w_78bc850d-aa80-4eb3-b849-7a19c926992c">2,274</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i89e6e980d2974dd1ad63615c8a771717_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMy02LTEtMS0w_afd733fc-978f-4b62-89f1-0fd49fe18b1e">22,962</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id5698b005441481cbe37aabd9e5912c0_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMy04LTEtMS0w_0dc1324a-02a2-4821-ac00-7391f7b9926b">12,326</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i08bc1212f5ae4bda903bdc00c893a8ca_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMy0xMC0xLTEtMA_45109308-5438-4742-b0e0-0821dc62a318">153,420</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i91262a862d254b669648b46a27fa93db_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMy0xMi0xLTEtMA_2e74bb9e-34bd-4887-9d70-a4300e98e088">191,801</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Market valuation adjustments </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i99b079e5df474ed3aefd33e66b8a832b_I20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNC0yLTEtMS0w_0593de96-e8e4-4b52-b7b1-08227250ec58">38,820</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8f7582982db3482e90cf5a6ad7ca2ef0_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNC00LTEtMS0w_e18f51d3-a665-4d79-b6fa-e1fe6db2fa28">27,650</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6353a41b3d3b44248cf21bee3727ea0c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNC02LTEtMS0w_190971d5-ed82-4e7e-9842-923df4bb7dd9">97,670</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idd05697cfc8840feb106dff69f7b39a9_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNC04LTEtMS0w_ef7a817d-8413-4e97-8f6f-9e4c8d3de181">23,846</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i178b674a7b0f4010ac2626e0724699c1_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNC0xMC0xLTEtMA_4db8938a-0cdb-406c-8591-29e595c9264b">81,977</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i336310d3ba2b456798e14b004488144e_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNC0xMi0xLTEtMA_36e9f199-8829-48cb-bdbb-7938984f9c0b">192,323</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">ABS Issued, Net </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idac42044d3f5460db22f7f324f6f4afa_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNy0yLTEtMS0w_14694dda-f880-4150-929d-6086dfc31eed">271,915</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i83765ccfaa63470e9adfa1a1a4c41653_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNy00LTEtMS0w_a33ea1fe-0267-4a53-9ef4-23673ed3e2f5">1,054,005</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9fa4365cd6124c6d80e4967c00c52a68_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNy02LTEtMS0w_b32ffacf-bdb4-4318-9053-2f53ffbc098e">1,921,440</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib9e18e15791a4d9d858da79f678e2f2a_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNy04LTEtMS0w_7a5c5965-99df-4c99-9ace-b41e64d3a3ed">460,565</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0a8dd1ec8b984c028b224dbf313ed9c4_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNy0xMC0xLTEtMA_2d5c18c6-d9a3-47fb-929b-ddd6c3313956">2,963,752</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i86c7bc80ef72497ca7684259fbce39c4_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNy0xMi0xLTEtMA_fc045fc4-f71b-40ed-a457-25a38ec40cdb">6,671,677</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Range of weighted average interest rates, by series</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i2f31bd7aea764b4cba2224ca112d8331_I20210331" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC0yLTEtMS0wL3RleHRyZWdpb246N2M5Y2U3MTllZTEyNDVhY2I5YmU2ZjVkNDYyZGU5OWRfNA_250bde0e-cc9d-44dd-8bf1-e618442874e0">0.32</ix:nonFraction>% to <ix:nonFraction unitRef="number" contextRef="i1eabde6187c74d47b32bbd3c81250e87_I20210331" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC0yLTEtMS0wL3RleHRyZWdpb246N2M5Y2U3MTllZTEyNDVhY2I5YmU2ZjVkNDYyZGU5OWRfMTA_20b1ff37-3350-44c9-a107-f6c8c6422051">1.47</ix:nonFraction>%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i823e856234444a5c885541af33fe4b2d_I20210331" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC00LTEtMS0wL3RleHRyZWdpb246ZTZjN2ZlYTQzODRlNDNmYzkyN2I3ZGFjMmM2NDFiMjVfNA_cd28b7e4-90f3-4ae1-9534-817a6b159d8e">2.28</ix:nonFraction>% to <ix:nonFraction unitRef="number" contextRef="icb58741c85c141dc8d087a5608d6d259_I20210331" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC00LTEtMS0wL3RleHRyZWdpb246ZTZjN2ZlYTQzODRlNDNmYzkyN2I3ZGFjMmM2NDFiMjVfMTA_80a21d18-894a-4b28-beef-8ebd4b41aa0f">5.06</ix:nonFraction>%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i1fc447ccda8f420e8cd1aa92bf843148_I20210331" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC02LTEtMS0wL3RleHRyZWdpb246MjViNDViM2RlZjE0NDA0NzlhZWJmZTc4MWZlYmUzNjlfNA_bd878532-ea9d-4e9f-add5-fd15b8925e62">3.50</ix:nonFraction>% to <ix:nonFraction unitRef="number" contextRef="i1fb5343d10bb45889e495d259b434e7f_I20210331" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC02LTEtMS0wL3RleHRyZWdpb246MjViNDViM2RlZjE0NDA0NzlhZWJmZTc4MWZlYmUzNjlfMTA_54864c51-570e-4dc2-8f22-35e7cc7d12d3">4.75</ix:nonFraction>%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ib9e18e15791a4d9d858da79f678e2f2a_I20210331" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC04LTEtMS0w_68e0ef5d-4af9-426f-b320-810db18922da">3.41</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i00297fd961184b23863a50459da1915d_I20210331" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC0xMC0xLTEtMC90ZXh0cmVnaW9uOmViNjQ1MGEzMzg3MjQxOGU5MDFhYjJmNDU0YjgxM2JmXzQ_d7b279d6-e062-454a-8d1e-6c69cb0e7e17">2.63</ix:nonFraction>% to <ix:nonFraction unitRef="number" contextRef="i20b3881c544a4b5495d935cc0284ff29_I20210331" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC0xMC0xLTEtMC90ZXh0cmVnaW9uOmViNjQ1MGEzMzg3MjQxOGU5MDFhYjJmNDU0YjgxM2JmXzEw_6fa7b904-0267-4fe4-8b00-6bafd26d023c">5.56</ix:nonFraction>%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stated maturities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024 - 2036</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2047 - 2050</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028 - 2059</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022 - 2052</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Number of series</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="series" contextRef="idac42044d3f5460db22f7f324f6f4afa_I20210331" decimals="INF" name="rwt:NumberOfSeries" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMTAtMi0xLTEtMA_006e1295-cf4c-43ec-b54d-fefe1119580e">20</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="series" contextRef="i83765ccfaa63470e9adfa1a1a4c41653_I20210331" decimals="INF" name="rwt:NumberOfSeries" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMTAtNC0xLTEtMA_f2965c0e-a50c-4f70-9c4a-a166c2f6338c">10</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="series" contextRef="i9fa4365cd6124c6d80e4967c00c52a68_I20210331" decimals="INF" name="rwt:NumberOfSeries" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMTAtNi0xLTEtMA_93d97765-92eb-452b-a4fe-3359cf4b850f">3</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="series" contextRef="ib9e18e15791a4d9d858da79f678e2f2a_I20210331" decimals="INF" name="rwt:NumberOfSeries" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMTAtOC0xLTEtMA_cd6326ec-2e29-4732-b357-dc08079227b5">1</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="series" contextRef="i0a8dd1ec8b984c028b224dbf313ed9c4_I20210331" decimals="INF" name="rwt:NumberOfSeries" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMTAtMTAtMS0xLTA_e8af2262-00ed-4ec4-aaf6-9ec08b8dc763">14</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:11pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.435%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy<br/>Sequoia</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia<br/>Choice</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac SLST </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac K-Series</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Certificates with principal balance</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id246c539784f415889de07660977d2d4_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMi0yLTEtMS0w_c1ff7456-a576-4b9c-a068-015fc7c1fa66">329,039</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iefb27b006e0a4b33a70fc3300f76c3e0_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMi00LTEtMS0w_48314b04-4b86-4d86-91fa-1296bfb14242">1,309,957</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idaab7b2c733f454dbf69c335057583aa_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMi02LTEtMS0w_d12d3e48-53c1-449b-b7dc-b57512d2b160">1,866,145</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i47b6d063124b43b2ac3bad735d912a1e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMi04LTEtMS0w_9155388e-6911-435d-9c23-896da8fd4df1">416,339</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1867dd1e8485469587114fca342813fa_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMi0xMC0xLTEtMA_42c7d7ca-4756-4078-9878-80985b23678e">2,716,425</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ice403268c64643f182aae32f1fcff74f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMi0xMi0xLTEtMA_4b1aee94-cec1-4765-be5d-d0a49ef93474">6,637,905</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest-only certificates</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i83c9b87fe71d4fa5aacd0fff1ca680b1_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMy0yLTEtMS0w_99aa2157-acb8-49a0-9d94-81153d1d037b">1,092</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i368283ff740c44bca02b0f259c775246_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMy00LTEtMS0w_ea64c57a-fd00-465f-9247-2f42a57929c3">4,591</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7a7eafddff4841f9b3de75b4e858a429_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMy02LTEtMS0w_ed0a7243-96fc-45d2-8017-61c1fed099bd">23,335</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibafd858111a7432ab78fcf2283c769a3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMy04LTEtMS0w_f793f3e3-1d32-4ab6-94e7-350fcd3627a2">13,026</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i257cad66e02d46c8840e2598bf5ec9a4_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMy0xMC0xLTEtMA_0c4004f2-2255-4067-84d0-217cf53d6572">162,934</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia05d2f41facc43a9bc880a8b2313ea2d_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMy0xMi0xLTEtMA_c77c5bf6-4354-4630-8e97-5ce2266f8a6c">204,978</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Market valuation adjustments </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8a678b51dcc349a9b535003a9b71e953_I20201231" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNC0yLTEtMS0w_8b0af4a7-64ad-4821-a6e9-ce3821946086">47,805</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia3cad48bf0be4fc89061caa95415c317_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNC00LTEtMS0w_03cf1e26-33c7-4e21-98a8-cd8848af962f">32,809</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i434f6d5db10e4280bd39413ea56586ca_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNC02LTEtMS0w_76430c8f-ff93-451f-afd7-8990a96d0110">104,439</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i36ba6ec2e97b455a81ecc817a0203c2c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNC04LTEtMS0w_e987918c-aaa2-45fe-bfe6-72f5a656ab4a">34,601</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib0d78f56f22047c7af0316db8f2e9bd3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNC0xMC0xLTEtMA_3083921b-b5da-45f5-8eb8-42872a5653cf">133,734</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i146bfa3473ed4df7b6067d1531a56123_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNC0xMi0xLTEtMA_04b4b588-2ccc-4622-93ba-fbfaadb6ba56">257,778</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">ABS Issued, Net </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie371ebaaef364381bf1d281485d6793a_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNy0yLTEtMS0w_53227997-f6bc-4a3d-8dd6-d28de67f27f7">282,326</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i829b960661dd4c4a81d693a25e797e45_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNy00LTEtMS0w_06414444-1600-444d-8da8-f3ecc0611227">1,347,357</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9f0f684eae964615956941af98e6609e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNy02LTEtMS0w_4e6f518c-8892-40b0-a8da-7fbaa6e0821e">1,993,919</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8cf07be64156434bbfacc202a44a4670_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNy04LTEtMS0w_efc18c90-64b7-40e5-9e74-b81a804b6e9f">463,966</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ida9eb2a35efc47b0a763606c59aacf5a_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNy0xMC0xLTEtMA_b3707f29-1401-4942-bb38-b15f664e4fe6">3,013,093</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9b1481a9712f45f2801d9389bf725476_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNy0xMi0xLTEtMA_4beb8854-075e-4ab2-89f5-b5f308fe5d25">7,100,661</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Range of weighted average interest rates, by series</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i918d417a8dc64a7c9e8e03526119bd17_I20201231" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC0yLTEtMS0wL3RleHRyZWdpb246N2FhNGE0N2UyMzAwNDFjMTlkMzc2NzAwY2Q2YzI0NWRfNA_9db09e37-078f-4b89-af8f-2e18c4f8cd3c">0.35</ix:nonFraction>% to <ix:nonFraction unitRef="number" contextRef="i5bc5270698674b98a813d38246cbae2a_I20201231" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC0yLTEtMS0wL3RleHRyZWdpb246N2FhNGE0N2UyMzAwNDFjMTlkMzc2NzAwY2Q2YzI0NWRfMTA_5bdca34e-c512-4ad8-882a-0f38afc9c5d1">1.55</ix:nonFraction>%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i45e6fed0bb424620acc983323f75e44d_I20201231" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC00LTEtMS0wL3RleHRyZWdpb246YWM5N2MwNDU0YjZlNDYyZWIyODFhNzJiYTc1MTJmMjdfNA_eab74a43-790a-48d5-a69f-94e0a9b491a6">2.25</ix:nonFraction>% to <ix:nonFraction unitRef="number" contextRef="i07ec906036694c21aabebef9b9208dec_I20201231" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC00LTEtMS0wL3RleHRyZWdpb246YWM5N2MwNDU0YjZlNDYyZWIyODFhNzJiYTc1MTJmMjdfMTA_6229d36c-10cc-43ca-ac95-7ea8a9ef20de">5.04</ix:nonFraction>%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i805f69bd34894fe69005c8c7636af018_I20201231" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC02LTEtMS0wL3RleHRyZWdpb246YWIxMTg3MWE4NmRlNDg2ODlkYjYxMDRlYzI4ZmJjODdfMjE5OTAyMzI1NTU3NQ_1a1d4b19-8460-4a9a-b8e2-22f7ac22a40b">3.50</ix:nonFraction>% to <ix:nonFraction unitRef="number" contextRef="i32fa85ced173410fbb89bbc9ef892b58_I20201231" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC02LTEtMS0wL3RleHRyZWdpb246YWIxMTg3MWE4NmRlNDg2ODlkYjYxMDRlYzI4ZmJjODdfMjE5OTAyMzI1NTU4Mw_f67b4a8b-671c-4302-928b-e2b57dca6788">4.75</ix:nonFraction>%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i8cf07be64156434bbfacc202a44a4670_I20201231" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC04LTEtMS0w_6593993f-1078-4ea9-85c6-79441c212011">3.39</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i2496c7c0d3654d428267cb5bdb50404d_I20201231" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC0xMC0xLTEtMC90ZXh0cmVnaW9uOjM2ODJjY2ZiNzQ5ZjQ2ZThhOTA0MjBmZTJiZTA0NzhlXzQ_f0607331-1dc9-4782-a680-04af626b87c3">2.68</ix:nonFraction>% to <ix:nonFraction unitRef="number" contextRef="iaaf0db89eebe4033b74a67b3efbc85ed_I20201231" decimals="4" name="us-gaap:DebtWeightedAverageInterestRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC0xMC0xLTEtMC90ZXh0cmVnaW9uOjM2ODJjY2ZiNzQ5ZjQ2ZThhOTA0MjBmZTJiZTA0NzhlXzEw_488d603a-536e-4b74-97d2-385397f8492d">5.42</ix:nonFraction>%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stated maturities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024 - 2036</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2047 - 2050</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028 - 2059</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022 - 2052</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Number of series</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="series" contextRef="ie371ebaaef364381bf1d281485d6793a_I20201231" decimals="INF" name="rwt:NumberOfSeries" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMTAtMi0xLTEtMA_f76f8f41-4c46-42fd-bf3e-bb679107572c">20</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="series" contextRef="i829b960661dd4c4a81d693a25e797e45_I20201231" decimals="INF" name="rwt:NumberOfSeries" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMTAtNC0xLTEtMA_b770917c-8220-4fc8-9e7d-4037eee230ce">10</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="series" contextRef="i9f0f684eae964615956941af98e6609e_I20201231" decimals="INF" name="rwt:NumberOfSeries" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMTAtNi0xLTEtMA_2902a934-93ec-4996-b8fb-bec1e4ba841d">3</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="series" contextRef="i8cf07be64156434bbfacc202a44a4670_I20201231" decimals="INF" name="rwt:NumberOfSeries" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMTAtOC0xLTEtMA_66f18317-f6d8-4aed-9424-8dfe67fee6e8">1</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="series" contextRef="ida9eb2a35efc47b0a763606c59aacf5a_I20201231" decimals="INF" name="rwt:NumberOfSeries" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMTAtMTAtMS0xLTA_eba7bbc2-4013-438d-a6b1-c6eb8c7785d4">14</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr></table></div><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Includes $<ix:nonFraction unitRef="usd" contextRef="i9fa4365cd6124c6d80e4967c00c52a68_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentFaceAmount" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMTA5OTUxMTYzMDExNQ_62a9bc97-dc35-4498-9559-241aecc038d6">200</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="i9f0f684eae964615956941af98e6609e_I20201231" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentFaceAmount" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMTA5OTUxMTYzMDEzMA_9885ca03-cf93-41c1-aead-17948f610221">205</ix:nonFraction> million (principal balance) of ABS issued by a re-securitization trust sponsored by Redwood and accounted for at amortized cost at March&#160;31, 2021 and December&#160;31, 2020, respectively.</span></div></ix:continuation></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">47</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited)</span></div><div><span><br/></span></div><div style="text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 14. Asset-Backed Securities Issued - (continued)</span></div></div><ix:continuation id="i3d105cd0247b411fa7bfcbbe91bd09c3"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the third quarter of 2020, we transferred all of the subordinate securities we owned from two consolidated re-performing loan securitization VIEs sponsored by Freddie Mac SLST to a re-securitization trust, which we determined was a VIE and for which we determined we are the primary beneficiary. At issuance, we sold $<ix:nonFraction unitRef="usd" contextRef="i99a3de7c850f43348d1db9912c6cdeaf_I20200930" decimals="-6" format="ixt:numdotdecimal" name="rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfNzI1_12325675-88a9-4838-9557-2ac693ba0a8d">210</ix:nonFraction>&#160;million (principal balance) of ABS issued to third parties and retained <ix:nonFraction unitRef="number" contextRef="i03712078428c475f8fc0110505c7a4f2_D20200701-20200930" decimals="INF" name="us-gaap:VariableInterestEntityOwnershipPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfNzky_205e77f0-e28b-4b5b-92df-e100e336455e">100</ix:nonFraction>% of the remaining beneficial ownership interest in the trust through ownership of a subordinate security issued by the trust. The ABS was issued at a discount and we have elected to account for the ABS issued at amortized cost. At March&#160;31, 2021, the principal balance of the ABS issued was $<ix:nonFraction unitRef="usd" contextRef="i9fa4365cd6124c6d80e4967c00c52a68_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentFaceAmount" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMTA5OTUxMTYzMDMwMw_62a9bc97-dc35-4498-9559-241aecc038d6">200</ix:nonFraction>&#160;million, and the debt discount and deferred issuance costs were $<ix:nonFraction unitRef="usd" contextRef="id31650bd3b1840e689e3349256df2f82_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentUnamortizedDiscount" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMTA5OTUxMTYzMDIxNQ_76500ca7-7b23-4898-b10a-d6974599c568">4</ix:nonFraction>&#160;million, for a carrying value of $<ix:nonFraction unitRef="usd" contextRef="id31650bd3b1840e689e3349256df2f82_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentFaceAmount" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMTA5OTUxMTYzMDQwMg_47e309f9-b25a-4e42-82ee-801fbfdf01e6">196</ix:nonFraction>&#160;million. The stated coupon of the ABS issued was <ix:nonFraction unitRef="number" contextRef="id31650bd3b1840e689e3349256df2f82_I20210331" decimals="INF" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMTA5OTUxMTYzMDIxOQ_f5373ee3-374a-4d5f-a9e2-519ad046b172">4.75</ix:nonFraction>% at issuance and the final stated maturity occurs in July 2059. The ABS issued is subject to optional redemption and interest rate step-ups prior to the stated maturity according to the terms of the respective governing agreements.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The actual maturity of each class of ABS issued is primarily determined by the rate of principal prepayments on the assets of the issuing entity. Each series is also subject to redemption prior to the stated maturity according to the terms of the respective governing documents of each ABS issuing entity. As a result, the actual maturity of ABS issued may occur earlier than its stated maturity. At March&#160;31, 2021, the majority of the ABS issued and outstanding had contractual maturities beyond <ix:nonNumeric contextRef="i3f01ca858c3a4b68a2c19db79a23bdb8_D20210101-20210331" format="ixt-sec:durwordsen" name="rwt:LongTermMarketableSecuritiesMaturitiesTerm" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMTg3OA_67778196-7b9d-454a-9d2d-1a742df3ecbf">five years</ix:nonNumeric>. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 4</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for detail on the carrying value components of the collateral for ABS issued and outstanding. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMjMxMA_6635acb1-7e8e-4042-90b0-3efba5f07e72" continuedAt="ibf753845549043259d8874ccf579a89d" escape="true">The following table summarizes the accrued interest payable on ABS issued at March&#160;31, 2021 and December&#160;31, 2020. Interest due on consolidated ABS issued is payable monthly.</ix:nonNumeric></span></div><ix:continuation id="ibf753845549043259d8874ccf579a89d"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 14.2 &#8211; Accrued Interest Payable on Asset-Backed Securities Issued</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:59.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.954%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.956%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Legacy Sequoia</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i319d3de6ae3340a8be17142dc237d09c_D20210101-20210331" decimals="-3" name="us-gaap:AmortizationOfFinancingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfMS0yLTEtMS0w_2a5d90a2-9135-4add-9454-35d9a38d6921">128</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6301c69034e40ca8f4cecff839005d5_D20200101-20201231" decimals="-3" name="us-gaap:AmortizationOfFinancingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfMS00LTEtMS0w_d3ba359c-4e3f-48cb-8e67-12846a2b8f19">141</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sequoia Choice</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if6ec67aedd064533987f11058127e7e7_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AmortizationOfFinancingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfMi0yLTEtMS0w_ab2730b8-874e-4939-a13f-b6d6b4174732">3,658</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9a9df435e673431abb8475f1918f7f2f_D20200101-20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AmortizationOfFinancingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfMi00LTEtMS0w_de58a208-6c9b-4a51-8419-c3ddb8f1a9f9">4,697</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Freddie Mac SLST </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7fbf26df421c43b391233b7d2e20bd98_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AmortizationOfFinancingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfMy0yLTEtMS0w_85225986-5f6f-40d7-8b56-015e13035766">5,461</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i157c65db71bc4c1183cc11b32971fb38_D20200101-20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AmortizationOfFinancingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfMy00LTEtMS0w_312465cf-c839-4423-8cbc-471be309fc82">5,656</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Freddie Mac K-Series</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6173f2afb44a43e8bf7bd2470c738b6d_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AmortizationOfFinancingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfNC0yLTEtMS0w_667edf62-689b-4542-adac-de3e6de44d53">1,208</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i83b33336edeb4a40a719d5f77f86a089_D20200101-20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AmortizationOfFinancingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfNC00LTEtMS0w_f673ae93-9b92-4296-8e6c-90882c344961">1,177</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">CAFL</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iecb9e4bb611941cea89bf4299a4726a3_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AmortizationOfFinancingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfNS0yLTEtMS0w_dc0f828a-62a5-4325-bd7f-cac0496b4020">10,256</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id179c307c0724c3286c6bc08afb5abac_D20200101-20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AmortizationOfFinancingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfNS00LTEtMS0w_4f0777cc-5ff7-4f31-9423-cee9909fe1b1">10,122</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Accrued Interest Payable on ABS Issued</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AmortizationOfFinancingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfNi0yLTEtMS0w_9cbc63b5-de0a-416c-9a5f-9f3e23c89526">20,711</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia7b73769c0b148a7ba444b2b57d4375d_D20200101-20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AmortizationOfFinancingCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfNi00LTEtMS0w_d2c6148e-16bd-4aaf-93c3-b57135fd5dbd">21,793</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:8pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Includes accrued interest payable on ABS issued by a re-securitization trust sponsored by Redwood.</span></div></ix:continuation></ix:continuation><div style="margin-top:8pt"><span><br/></span></div><div style="margin-top:8pt"><span><br/></span></div><div style="margin-top:8pt"><span><br/></span></div><div style="margin-top:8pt"><span><br/></span></div><div style="margin-top:8pt"><span><br/></span></div><div style="margin-top:8pt"><span><br/></span></div><div style="margin-top:8pt"><span><br/></span></div><div style="margin-top:8pt"><span><br/></span></div><div style="margin-top:8pt"><span><br/></span></div><div style="margin-top:8pt"><span><br/></span></div><div style="margin-top:8pt"><span><br/></span></div><div style="margin-top:8pt"><span><br/></span></div><div style="margin-top:8pt"><span><br/></span></div><div style="margin-top:8pt"><span><br/></span></div><div style="margin-top:8pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">48</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_88"></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 15. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:LongTermDebtTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RleHRyZWdpb246Mjk4YTQ4N2VlZWNjNDc2N2JjZDI4MTU5YjNkMDA2ZDBfODEzMQ_aa51c7a6-577a-4443-8fe5-a1882f38f1d3" continuedAt="ic881873fb0244ed98f7d6ec73f8b8652" escape="true">Long-Term Debt</ix:nonNumeric></span></div><ix:continuation id="ic881873fb0244ed98f7d6ec73f8b8652" continuedAt="i0b1db2456e6345d4a8d2e6812f885230"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfDebtInstrumentsTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RleHRyZWdpb246Mjk4YTQ4N2VlZWNjNDc2N2JjZDI4MTU5YjNkMDA2ZDBfMjE5OTAyMzI3MzczMQ_7fbe260e-bdd3-42f0-b34a-cc17f46bdf7c" continuedAt="ic9f1411ccc244e298a0beb8f3f7d9f4d" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The table below summarizes our long-term debt, including the facilities that are available to us, the outstanding balances, the weighted average interest rate, and the maturity information at March&#160;31, 2021.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 15.1 &#8211; Long-Term Debt </span></div><div style="margin-bottom:5pt;margin-top:17pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:28.622%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.761%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.626%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Borrowings</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Unamortized Deferred Issuance Costs / Discount</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Net Carrying Value</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Limit </span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Interest Rate </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Final Maturity</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Recourse Subordinate Securities Financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Sequoia</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifdc87faa43a94909847b331ec2e83b4c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMy0yLTEtMS0zMTQ3_d2a67b8b-852f-4a14-84f6-6b7bb4f26515">172,805</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ifdc87faa43a94909847b331ec2e83b4c_I20210331" decimals="-3" name="us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNC00LTEtMS00MjAw_05b709d4-a3b1-4dbd-99d2-728e8ea622de">624</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifdc87faa43a94909847b331ec2e83b4c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMy00LTEtMS0zMTQ3_e992e3d0-e269-4811-8e72-f31cecbca19d">172,181</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="ifdc87faa43a94909847b331ec2e83b4c_I20210331" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMy04LTEtMS0zMTQ3_efe9eba4-faa5-4304-9fc4-8ef0336d3637">4.21</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9/2024</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">CAFL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9d40f030492743e688ad2f9a9807a262_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNC0yLTEtMS0zMTQ3_f05fcedd-09d0-4777-a6cd-04f54ea30758">102,426</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9d40f030492743e688ad2f9a9807a262_I20210331" decimals="-3" name="us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNS00LTEtMS00MjAw_45d3eccf-b99e-46de-8e04-29329755157d">581</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9d40f030492743e688ad2f9a9807a262_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNC00LTEtMS0zMTQ3_da3b4701-748d-41bd-a0eb-273d7f46ab20">101,845</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i9d40f030492743e688ad2f9a9807a262_I20210331" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNC04LTEtMS0zMTQ3_34d2d3a9-4480-483e-a98e-80c41733c56d">4.21</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2/2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Non-Recourse BPL Financing</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Facility A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8b112afb281f4cf48c7830b8e8646cc9_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNy0yLTEtMS00NjEw_818bf485-c190-4e14-b1ca-b8ab695bcb30">241,549</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i8b112afb281f4cf48c7830b8e8646cc9_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNy00LTEtMS00NjEw_54adc6d1-fa98-4f95-a16a-06a139794bf2">1,119</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8b112afb281f4cf48c7830b8e8646cc9_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNy02LTEtMS00NjEw_3062c063-f529-49cd-b266-9f345e13f3d3">240,430</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8b112afb281f4cf48c7830b8e8646cc9_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNy04LTEtMS00NjEw_6c152c0c-b49f-4057-b5f4-a2db85a71da8">316,543</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">L + <ix:nonFraction unitRef="number" contextRef="ia217e2c3fa5045dab4f2dabbaa03784e_D20210101-20210331" decimals="INF" name="us-gaap:DebtInstrumentBasisSpreadOnVariableRate1" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNy0xMC0xLTEtNDY1OC90ZXh0cmVnaW9uOjA1ODZiZjA0MjRjNDRmYTBhZTdjYTk3MjQyNWEzYmJhXzIxOTkwMjMyNTU1NzA_7d46404d-452b-4a88-80ce-37ff45617e48">7.50</ix:nonFraction>%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6/2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Facility B</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i19b11a0ae77e45ceb8599d6374e77a6c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNS0yLTEtMS0zMTQ3_18d02697-06a8-4e5c-a7ee-62e525319e3c">84,017</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i19b11a0ae77e45ceb8599d6374e77a6c_I20210331" decimals="-3" name="us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNy00LTEtMS00MjAw_e2d4885f-00fa-43f6-9a9b-9ba8fbe9cca2">555</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i19b11a0ae77e45ceb8599d6374e77a6c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNS00LTEtMS0zMTQ3_bfd8f35b-32ca-4be2-9792-98615292569a">83,462</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i19b11a0ae77e45ceb8599d6374e77a6c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNS02LTEtMS0zMTQ3_70b39ded-fe8e-42b9-ada9-4f31e8646243">84,017</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">L + <ix:nonFraction unitRef="number" contextRef="i0057038eff014673a47aa7cb6d77290f_D20210101-20210331" decimals="INF" name="us-gaap:DebtInstrumentBasisSpreadOnVariableRate1" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNS04LTEtMS0zMTQ3L3RleHRyZWdpb246NTM3YzNmZjZlZDllNDNjNWEwZTE5MjlmNzBkZjU4NTdfMjE5OTAyMzI1NTU3MA_87a5b6a8-58c0-41fa-8443-b0e8c9b6c598">3.85</ix:nonFraction>%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7/2022</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Recourse BPL Financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Facility C </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iea07d23b57c9416f8a78ba5cf8c0019e_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtMi0xLTEtNDYxOQ_c544bbb8-0334-4b0a-a1ac-af02691c0d2a">75,109</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iea07d23b57c9416f8a78ba5cf8c0019e_I20210331" decimals="-3" name="us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtNC0xLTEtNDYxOQ_005100e1-f227-48d5-84ed-b18fb6a81612">368</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iea07d23b57c9416f8a78ba5cf8c0019e_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtNi0xLTEtNDYxOQ_8e34675e-0d13-4d1e-a200-104e7ce0016d">74,741</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iea07d23b57c9416f8a78ba5cf8c0019e_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtOC0xLTEtNDYxOQ_1702b810-eafd-4487-bae8-87ddd090beb0">250,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">L + <ix:nonFraction unitRef="number" contextRef="i00639a84422642a59459bfaff01d033b_D20210101-20210331" decimals="INF" name="us-gaap:DebtInstrumentBasisSpreadOnVariableRate1" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtMTAtMS0xLTQ2NTgvdGV4dHJlZ2lvbjozNjQ3NWEyOWVlZDU0MDM4OWM4NmJiZjJmNTllMDYwNV8yMTk5MDIzMjU1NTc2_f0470009-a6f8-4974-a3d1-dd88208cafec">3.00</ix:nonFraction>%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3/2022</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Facility D</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i15023d89c80640acb5639e9e48d73ca0_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtMi0xLTEtNDIwMA_dc3f39de-80e5-4b00-80e5-502c7d4f3a9b">114,386</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i15023d89c80640acb5639e9e48d73ca0_I20210331" decimals="-3" name="us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtNC0xLTEtNDIwMA_79798425-7af0-48a7-b190-10766633c6fa">176</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i15023d89c80640acb5639e9e48d73ca0_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtNi0xLTEtNDIwMA_3e0f7a64-e08b-4cde-a06a-df814d35a180">114,210</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i15023d89c80640acb5639e9e48d73ca0_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtOC0xLTEtNDIwMA_81d76bbc-e1fe-4092-b0aa-def1fe527958">250,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">L + <ix:nonFraction unitRef="number" contextRef="if77fe41af4d14cfba24cc4e6cbf44a6e_D20210101-20210331" decimals="INF" name="us-gaap:DebtInstrumentBasisSpreadOnVariableRate1" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtMTAtMS0xLTQyNDgvdGV4dHJlZ2lvbjpmMDVkYThhMDA1ODM0NTQyODI1ODA4YTdhNzc1ZTYzOV8yMTk5MDIzMjU1NTcw_9f48a2b7-8e49-4d60-b50d-595fed648c02">3.00</ix:nonFraction>%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9/2023</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Long-Term Debt Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ief15bf08d2354976b3e6e487a072ed3c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTMtMi0xLTEtNDIwMA_89d75260-5c8b-4f19-9032-283c9f3e341b">790,292</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ief15bf08d2354976b3e6e487a072ed3c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTMtNC0xLTEtNDIwMA_c87d09c5-c073-4ff6-ae37-4fb410720bfb">3,423</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ief15bf08d2354976b3e6e487a072ed3c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTMtNi0xLTEtNDIwMA_33de4188-ec67-49bd-b5b7-59ab2a06676c">786,869</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">FHLBC borrowings</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iaf171a3f147343738349f10c85ba4f15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfOS0yLTEtMS0zMTQ3_b98269ee-9c6b-442e-95b1-d05d16006c44">1,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iaf171a3f147343738349f10c85ba4f15_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTQtNC0xLTEtNDIwMA_c1135a7b-5113-4972-9fef-e3e8e8cc8d8b">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iaf171a3f147343738349f10c85ba4f15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfOS00LTEtMS0zMTQ3_217c856f-62ff-4799-a784-9a685aca8efb">1,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iaf171a3f147343738349f10c85ba4f15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfOS02LTEtMS0zMTQ3_c6492a86-b931-43d4-86f9-152b92487b21">1,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="iaf171a3f147343738349f10c85ba4f15_I20210331" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfOS04LTEtMS0zMTQ3_e0d1602c-9c18-4d76-aa93-287c6b8b834b">0.33</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1/2026</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Convertible notes</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i350e085ea09741d4b382d1156808f3ee_I20210331" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctMC0xLTEtNDYwMi90ZXh0cmVnaW9uOjZlMjRjMWRiZDg2YTQ3M2FiMmNjZjcyMGQxOTk5M2I1XzIxOTkwMjMyNTU1OTE_e795060c-ebdc-452a-b126-7abeb079c13e">4.75</ix:nonFraction>% convertible senior notes</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i350e085ea09741d4b382d1156808f3ee_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctMi0xLTEtNDYwMg_104865d6-461b-46d1-91c9-13099eb30d67">198,629</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i350e085ea09741d4b382d1156808f3ee_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctNC0xLTEtNDYwMg_6f93a0a8-68a8-411e-b5f1-f6d84c1dbc4a">2,610</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i350e085ea09741d4b382d1156808f3ee_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctNi0xLTEtNDYwMg_df09442b-e857-4f0e-a291-814cba29c953">196,019</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i350e085ea09741d4b382d1156808f3ee_I20210331" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctMTAtMS0xLTQ2MDI_e795060c-ebdc-452a-b126-7abeb079c13e">4.75</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8/2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i60fc153076ce4377b68abc13755df135_I20210331" decimals="5" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctMC0xLTEtNDI3Ni90ZXh0cmVnaW9uOmNjNDkxYzY2NzllNDRmNzBhOTM2NTRmNDVjY2Y4NmFmXzIxOTkwMjMyNTU1OTM_4ff4a16a-5c20-465b-ac08-4fbab9ffe398">5.625</ix:nonFraction>% convertible senior notes</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i60fc153076ce4377b68abc13755df135_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctMi0xLTEtNDIwMA_98a3d690-0254-4652-a5bc-4445df6e512a">150,200</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i60fc153076ce4377b68abc13755df135_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctNC0xLTEtNDIwMA_b29c086e-dc2f-4d8f-b10b-bda3a9252d65">2,634</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i60fc153076ce4377b68abc13755df135_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctNi0xLTEtNDIwMA_f8b9feb5-f8d3-4608-bd5a-3162e4d638b8">147,566</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i60fc153076ce4377b68abc13755df135_I20210331" decimals="5" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctMTAtMS0xLTQyMDA_4ff4a16a-5c20-465b-ac08-4fbab9ffe398">5.625</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7/2024</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i24a86e1f495447bca1fc377c481dc366_I20210331" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMjAtMC0xLTEtNDU5OS90ZXh0cmVnaW9uOjU4NWM1ZDA5MGU4YjQ4YWY4ZGRkNmUyMDExNDVmMGM2XzIxOTkwMjMyNTU1OTI_1a90b4ae-3377-49f0-8d6a-26dc495b8533">5.75</ix:nonFraction>% exchangeable senior notes</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24a86e1f495447bca1fc377c481dc366_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMjAtMi0xLTEtNDU5OQ_d890e3ee-d810-4c96-9a91-1eba2981bec5">172,092</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i24a86e1f495447bca1fc377c481dc366_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMjAtNC0xLTEtNDU5OQ_7db45fa5-e59e-4209-8648-97dcdbab5aab">3,970</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24a86e1f495447bca1fc377c481dc366_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMjAtNi0xLTEtNDU5OQ_acd36469-eac1-47fa-aa10-7f2903020932">168,122</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i24a86e1f495447bca1fc377c481dc366_I20210331" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMjAtMTAtMS0xLTQ1OTk_1a90b4ae-3377-49f0-8d6a-26dc495b8533">5.75</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10/2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Trust preferred securities and subordinated notes</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia86f633374a74ba185e8dd99c121a1ad_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTktMi0xLTEtNDIwMA_c6b890b5-5c25-4439-a988-b52e05e66a06">139,500</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ia86f633374a74ba185e8dd99c121a1ad_I20210331" decimals="-3" name="us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTktNC0xLTEtNDIwMA_88c03a2b-feb4-456d-8260-d4be86158d2e">814</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia86f633374a74ba185e8dd99c121a1ad_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTktNi0xLTEtNDIwMA_b64b7796-ff42-4cc7-b503-6cb506cbbca8">138,686</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">L + <ix:nonFraction unitRef="number" contextRef="i077693b737154d0aaa318cc6632457ef_D20210101-20210331" decimals="INF" name="us-gaap:DebtInstrumentBasisSpreadOnVariableRate1" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTktMTAtMS0xLTQyNTkvdGV4dHJlZ2lvbjoxOWIwOTQ2ZDU0NjM0Y2RlYjNhNzE4ZTQwZTFjMGY0Y18yMTk5MDIzMjU1NTY5_8709e495-526f-4ad2-a986-5085e9a21baa">2.25</ix:nonFraction>%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7/2037</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Long-Term Debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCarryingAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMjAtMi0xLTEtNDIwMA_80bc37bb-b6d5-491d-8bb3-0e6a9c686755">1,451,713</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMjAtNC0xLTEtNDIwMA_be5f3d33-cc23-4c3a-a067-0e82372f0069">13,451</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LongTermDebt" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMjAtNi0xLTEtNDIwMA_8ae67095-5d1c-403c-a762-d12c85d23386">1,438,262</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr></table></div><div style="margin-top:8pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Variable rate borrowings are based on 1- or 3-month LIBOR ("L" in the table above) plus an applicable spread.</span></div></ix:nonNumeric></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">49</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="margin-top:12pt;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 15. Long-Term Debt - (continued)</span></div><div><span><br/></span></div></div><ix:continuation id="i0b1db2456e6345d4a8d2e6812f885230" continuedAt="ia69c2a27da564405921d7d3357714522"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RleHRyZWdpb246Mjk4YTQ4N2VlZWNjNDc2N2JjZDI4MTU5YjNkMDA2ZDBfMjE5OTAyMzI3MzczMg_dcc58e71-e9dc-4c2b-9fc7-d6b316a24ee8" continuedAt="i77068127b5ec4521b4e0f20d2c1809aa" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table below presents the value of loans, securities, and other assets pledged as collateral under our long-term debt at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 15.2 &#8211; Collateral for Long-Term Debt</span></div><div style="margin-bottom:12pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:61.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.096%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Collateral Type</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bridge loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iea392b2ed4444379a39a9bc0e6ddb1fc_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCollateralAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfMi0yLTEtMS0zMzg5_c8568120-4ff0-40cc-aabd-d7939c9d183f">522,050</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9d0d3e3c16b0474a89e031abcd6555ba_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCollateralAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfMi00LTEtMS0zMzg5_029a5d82-a579-4c6e-937a-da2f68c4e2a6">544,151</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Single-family rental loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib0a9335fb558403092c9b4a664c344dc_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCollateralAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfMy0yLTEtMS0zMzg5_3eb1492c-a7bd-426c-ace2-eb4fef4b25bd">228,125</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i18aa9cf9be69488a894bad1356f34d45_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCollateralAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfMy00LTEtMS0zMzg5_32b8ffab-a09e-4d3e-81b9-0c53d22225da">154,774</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sequoia Choice securitizations </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i56cb2a7e93f642a49a0ea3133b156a98_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCollateralAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfNi0yLTEtMS0zMzg5_3d19f4ed-4e43-49ac-af8a-c877a543eec8">256,554</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i144e4c0998a54e93b8ad724ba2afeee2_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCollateralAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfNi00LTEtMS0zMzg5_f6ebeda4-676d-4b1e-beb8-6702cffcb335">249,446</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">CAFL securitizations </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8583e8d1563f404980b98bb63c5e1d07_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCollateralAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfOS0yLTEtMS0zMzg5_b39a89e5-91af-4470-a1c2-1e1ecce7b482">112,451</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8ede9ffecea243feb5e4c9e77253a45e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCollateralAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfOS00LTEtMS0zMzg5_8e8d25b2-f7ae-41a6-a862-95b240c16e82">114,044</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total real estate securities owned</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> </span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i176438d64e7d40d6a9586cc28372b12f_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCollateralAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfNy0yLTEtMS00MzA5_1206afaa-3466-43b1-aac8-f4becb7d855a">369,005</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if468df5d22f545a9b6d77c2267e2fb89_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCollateralAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfNy00LTEtMS00MzA5_0dc38148-4254-42c7-a686-b970237bff24">363,490</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other BPL investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if001fbc3ca744bb79b533c4bb13f4b57_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCollateralAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfOC0yLTEtMS00MzA5_b924cf8b-2c73-4358-9680-aaae24128c0d">19,358</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9bced8a1692f4b1588e73f83d120aa0e_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCollateralAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfOC00LTEtMS00MzA5_e8c752ea-1008-4bd3-87af-25335949a300">21,414</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restricted cash</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie51aad2dcd7a438ea77c736a8e68d30b_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCollateralAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfMTEtMi0xLTEtMzM4OQ_003246e4-1d43-4ee5-99ba-6d602bfbaeb2">1,100</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if79dfc696d13497c9f3c0d0c53e9e8fc_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCollateralAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfMTEtNC0xLTEtMzM4OQ_f48fb55e-b418-4172-8dd0-83da8fec44a2">1,100</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Collateral for Long-Term Debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCollateralAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfMTAtMi0xLTEtNDMwOQ_35c42ba5-963e-457d-85a3-8ccab76e4f7e">1,139,638</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:DebtInstrumentCollateralAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfMTAtNC0xLTEtNDMwOQ_3d4f07e6-6527-4295-9214-85d29264e7fd">1,084,929</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric><div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"><ix:continuation id="i77068127b5ec4521b4e0f20d2c1809aa" continuedAt="ib7c63156700f46febc6fc5f1ceae6c5d">(1)</ix:continuation></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"><ix:continuation id="ib7c63156700f46febc6fc5f1ceae6c5d">Represents securities we have retained from consolidated securitization entities. For GAAP purposes, we consolidate the loans and non-recourse ABS debt issued from these securitizations.</ix:continuation> </span></div><ix:continuation id="ic9f1411ccc244e298a0beb8f3f7d9f4d"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the accrued interest payable on long-term debt at March&#160;31, 2021 and December&#160;31, 2020. </span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 15.3 &#8211; Accrued Interest Payable on Long-Term Debt</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:59.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.954%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.956%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Long-term debt facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ief15bf08d2354976b3e6e487a072ed3c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:InterestPayableNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMS0yLTEtMS00MzIx_cbfadaaa-af67-4311-b941-65cdd6b17ba1">1,642</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2057c175d6fa4f18a10210bd4ec5783b_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:InterestPayableNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMS00LTEtMS00MzIx_48060570-c757-4b23-bd30-67dc3f9ed4ab">1,799</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Convertible notes</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i350e085ea09741d4b382d1156808f3ee_I20210331" decimals="INF" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMy0wLTEtMS00NjMyL3RleHRyZWdpb246MmRmZmQxN2Y4ZDUwNDQ3OWJhMGJiYWJjN2FiN2ZmZmJfMjE5OTAyMzI1NTU5MQ_21b98380-dc99-4139-ac28-dcd1f66ef931">4.75</ix:nonFraction>% convertible senior notes</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i350e085ea09741d4b382d1156808f3ee_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:InterestPayableNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMy0yLTEtMS00NjMy_efe5ede9-bf2d-4d23-af43-4e0088aa4202">1,206</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1e7c10a99781455a89142cdbaa37ac48_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:InterestPayableNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMy00LTEtMS00NjMy_4420dfd6-1d8e-41e3-b910-195d608d2e28">3,564</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i60fc153076ce4377b68abc13755df135_I20210331" decimals="INF" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfNC0wLTEtMS00MzA2L3RleHRyZWdpb246N2JjMTcwZTMyOWVmNDg5OGEyODQ4MzczYTRkNzI0ZDZfMjE5OTAyMzI1NTU5Mw_57ba5b40-e603-4615-bc27-b1824a1938f6">5.625</ix:nonFraction>% convertible senior notes</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i60fc153076ce4377b68abc13755df135_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:InterestPayableNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMi0yLTEtMS0zNDQ3_0d12f6de-12fd-489f-8582-8b84ed410fcc">1,784</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i80f12dd3b23d4acf8b7236c69d1e0405_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:InterestPayableNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMi00LTEtMS0zNDQ3_44814c9b-7aa9-44a0-8c72-05afe9c170ff">3,896</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i24a86e1f495447bca1fc377c481dc366_I20210331" decimals="INF" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfNS0wLTEtMS00MzA4L3RleHRyZWdpb246MjgyYTUzODYyMjJiNDlmMmJlNDEzZTExYjU0MTRhY2VfMjE5OTAyMzI1NTU5Mg_fed6286d-19fb-4a38-8618-2f88ce1068d5">5.75</ix:nonFraction>% exchangeable senior notes</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24a86e1f495447bca1fc377c481dc366_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:InterestPayableNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMy0yLTEtMS0zNDQ3_61fdc7a2-1e93-4906-90d3-b78c5d4ef44f">4,948</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i8956a5726b4240a9acd183e52d9940f5_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:InterestPayableNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMy00LTEtMS0zNDQ3_36dbd8b5-7659-41e3-bf94-48006c6278bf">2,474</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trust preferred securities and subordinated notes</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia86f633374a74ba185e8dd99c121a1ad_I20210331" decimals="-3" name="rwt:InterestPayableNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfNC0yLTEtMS0zNDQ3_cbc48569-e9bf-4674-97c7-1f336ee32691">580</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i234ac9dd553d463f879a85cef8b74753_I20201231" decimals="-3" name="rwt:InterestPayableNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfNC00LTEtMS0zNDQ3_b110f094-a9f2-4ebf-bcbd-37942163fc23">669</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Accrued Interest Payable on Long-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:InterestPayableNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfNy0yLTEtMS00MzIx_258fdc7d-e978-40d1-80d6-5ab4a5b07fd4">10,160</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="rwt:InterestPayableNoncurrent" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfNy00LTEtMS00MzIx_78105f58-2851-4631-a0d3-20f796b11ea6">12,402</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:continuation></ix:continuation><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="ia69c2a27da564405921d7d3357714522">Refer to our Annual Report on Form 10-K for the year ended December&#160;31, 2020 for a full description of our long-term debt</ix:continuation>.</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_91"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 16. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:CommitmentsAndContingenciesDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTc0NDk_9276ebf5-8843-48b0-85f1-139bb934140d" continuedAt="i5b151e1654284241951d48cd92d5a47b" escape="true">Commitments and Contingencies</ix:nonNumeric></span></div><ix:continuation id="i5b151e1654284241951d48cd92d5a47b" continuedAt="i40f99ec25069416e99dbddf7169a9d12"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Lease Commitments</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, we were obligated under <ix:nonFraction unitRef="lease" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="INF" format="ixt-sec:numwordsen" name="rwt:LesseeNumberOfLeases" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfOTM_5b119eba-e9fa-4df1-b75a-bc2872cedc98">seven</ix:nonFraction> non-cancelable operating leases with expiration dates through 2031 for $<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTY1_a7d25ab9-fd9f-48bf-9ab9-3e9b3f7658ca">19</ix:nonFraction> million of cumulative lease payments. Our operating lease expense was $<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:OperatingLeaseCost" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMjMw_1acf990f-e88d-4793-a037-ce1f00238295"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:OperatingLeaseCost" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMjMw_fb907fb0-cc7d-4e8a-a8a1-153a53c059af">1</ix:nonFraction></ix:nonFraction> million for both three-month periods ended March&#160;31, 2021 and 2020. </span></div></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">50</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="margin-top:12pt;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 16. Commitments and Contingencies - (continued)</span></div></div><ix:continuation id="i40f99ec25069416e99dbddf7169a9d12" continuedAt="i75fcdaec7c9a427b96d8a23272e16a9c"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTc0NTU_483a99d3-8bc2-404b-a9f6-6859cd6b40a3" escape="true"><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents our future lease commitments at March&#160;31, 2021. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 16.1 &#8211; Future Lease Commitments by Year</span></div><div style="margin-bottom:6pt;margin-top:17pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:79.706%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.399%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2021 (9 months)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfMS0yLTEtMS0w_68b44bfc-d5e9-47bb-9a62-83d2695caa78">2,498</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfMi0yLTEtMS0w_6d0ec700-bc6f-4664-ae8f-e78b2a30f972">3,301</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2023</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfMy0yLTEtMS0w_54f17775-4580-43b4-b16e-c4143f2de482">2,813</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearThree" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfNC0yLTEtMS0w_b34d7c41-054c-4f42-b253-b8d6bfb155f0">2,231</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFour" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfNS0yLTEtMS0w_d7d17e7a-4677-4f93-897f-6f1b72fb3c97">1,983</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026 and thereafter</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFive" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfNi0yLTEtMS0w_65e57c71-babb-4404-96a8-4dd55f728139">6,128</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Lease Commitments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfNy0yLTEtMS0w_125926a7-78c2-4c49-ba6f-5775dacff8a5">18,954</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: Imputed interest</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfOC0yLTEtMS0w_8b9f90f8-2425-413a-b952-fe3bd03c1f2a">3,069</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Operating Lease Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingLeaseLiability" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfOS0yLTEtMS0w_5a5a2fbb-8983-464c-a488-72eab06bc3e4">15,885</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March&#160;31, 2021, we did not enter into any office leases. At March&#160;31, 2021, our operating lease liabilities were $<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:OperatingLeaseLiability" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTc4_4c1ab9bb-f93e-4986-a8cb-d4124e1c2c1f">16</ix:nonFraction> million, which were a component of <span style="-sec-ix-hidden:id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMjE5OTAyMzI5MzY4Nw_bc0bc37e-bcf8-4c82-a2ba-5b00384cfc4e">Accrued expenses and other liabilities</span>, and our operating lease right-of-use assets were $<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:OperatingLeaseRightOfUseAsset" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNjc4_961e8545-185f-427f-a68d-2aa4f27e896b">14</ix:nonFraction> million, which were a component of <span style="-sec-ix-hidden:id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTc0NjQ_e532c9ed-5ea2-4103-b7f4-f84acd79bb2e">Other assets</span>.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We determined that none of our leases contained an implicit interest rate and used a discount rate equal to our incremental borrowing rate on a collateralized basis to determine the present value of our total lease payments. As such, we determined the applicable discount rate for each of our leases using a swap rate plus an applicable spread for borrowing arrangements secured by our real estate loans and securities for a length of time equal to the remaining lease term on the date of adoption. At March&#160;31, 2021, the weighted-average remaining lease term and weighted-average discount rate for our leases was <ix:nonNumeric contextRef="i37d854f74f774173a357ca5981737041_I20210331" format="ixt-sec:duryear" name="us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTMyMw_835835eb-b2c2-411f-a4ec-2b72f0387751">7</ix:nonNumeric> years and <ix:nonFraction unitRef="number" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="3" name="us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTMzMA_4fae1f65-9c12-4769-9c8f-5cbe9cfffdd8">4.9</ix:nonFraction>%, respectively.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Commitment to Fund Bridge Loans</span></div><div style="margin-bottom:9pt;margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of March&#160;31, 2021, we had commitments to fund up to $<ix:nonFraction unitRef="usd" contextRef="if9aa2742c3094fdcb28cf58e3e552800_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:OtherCommitment" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTQzNQ_358f54ed-f840-4ceb-b4c7-de56b8ea5e81">283</ix:nonFraction> million of additional advances on existing bridge loans. These commitments are generally subject to loan agreements with covenants regarding the financial performance of the customer and other terms regarding advances that must be met before we fund the commitment. At March&#160;31, 2021, we recorded a $<ix:nonFraction unitRef="usd" contextRef="if9aa2742c3094fdcb28cf58e3e552800_I20210331" decimals="-6" sign="-" format="ixt:numdotdecimal" name="us-gaap:DerivativeLiabilities" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTcyOQ_eafc2fe2-8a44-4af1-8d38-383e51670cc0">2</ix:nonFraction> million contingent liability related to these commitments to fund construction advances. We may also advance funds related to loans sold under a separate loan sale agreement that are generally repaid immediately by the loan purchaser and do not generally expose us to loss. The outstanding commitments related to these loans that we may temporarily fund totaled approximately $<ix:nonFraction unitRef="usd" contextRef="i49938a3c873b49f78d04702480214f52_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:OtherCommitment" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMjEzNQ_22b8a94a-c539-45b6-98d7-2bc130d80ece">2</ix:nonFraction> million at March&#160;31, 2021.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Commitment to Fund Partnerships</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2018, we invested in <ix:nonFraction unitRef="partnership" contextRef="i4b344d6fadc54ce091b554e8d0323d17_D20180101-20181231" decimals="INF" format="ixt-sec:numwordsen" name="rwt:CommitmentToFundPartnershipNumberOfPartnerships" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMjIyMw_7e84f7e0-6768-4c3d-982b-fe06ccf4c572">two</ix:nonFraction> partnerships created to acquire and manage certain mortgage servicing related assets (see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 10</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional detail). In connection with this investment, we are required to fund future net servicer advances related to the underlying mortgage loans. The actual amount of net servicer advances we may fund in the future is subject to significant uncertainty and will be based on the credit and prepayment performance of the underlying loans.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Loss Contingencies&#160;&#8212; Risk-Sharing</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During 2015 and 2016, we sold conforming loans to the Agencies with an original unpaid principal balance of $<ix:nonFraction unitRef="usd" contextRef="if479a91518e74bdc94d4cc988a8b396a_I20151231" decimals="-7" format="ixt:numdotdecimal" name="rwt:PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance" scale="9" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNDM3OA_58c8999d-7536-4437-99d7-1107dfc6338a"><ix:nonFraction unitRef="usd" contextRef="i4fb4c56f7c874428a57865f04bc8d955_I20161231" decimals="-7" format="ixt:numdotdecimal" name="rwt:PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance" scale="9" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNDM3OA_c269fd4e-c6a8-4393-ba97-b32b2f2debb3">3.19</ix:nonFraction></ix:nonFraction> billion, subject to our risk-sharing arrangements with the Agencies. At March&#160;31, 2021, the maximum potential amount of future payments we could be required to make under these arrangements was $<ix:nonFraction unitRef="usd" contextRef="iedcf78341f264b8980407c95bb7d636b_I20210331" decimals="-6" format="ixt:numdotdecimal" name="rwt:PotentialFuturePayments" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNDU1NQ_882834f4-944c-49fe-8d2e-d598d1b45db4">44</ix:nonFraction> million and this amount was fully collateralized by assets we transferred to pledged accounts and is presented as pledged collateral in Other assets on our consolidated balance sheets. We have no recourse to any third parties that would allow us to recover any amounts related to our obligations under the arrangements. At March&#160;31, 2021, we had not incurred any losses under these arrangements. For the three months ended March&#160;31, 2021 and 2020, other income related to these arrangements was $<ix:nonFraction unitRef="usd" contextRef="i02ed6c89763c4cd79f5a5e1cf3561734_D20200101-20200331" decimals="-6" format="ixt:numdotdecimal" name="rwt:FeeIncomeRiskSharingAgreement" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTAwOQ_1bffa802-2e44-4bd3-96ff-7f570ee28297"><ix:nonFraction unitRef="usd" contextRef="i5da04f887893467da16c0f40c58175f3_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="rwt:FeeIncomeRiskSharingAgreement" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTAwOQ_3992c382-426b-4ff3-8461-f13310e0782a">1</ix:nonFraction></ix:nonFraction> million for both periods, and net market valuation losses related to these investments were less than $<ix:nonFraction unitRef="usd" contextRef="i8c2d51c083f6453ba8c8a26b6196daf0_D20210101-20210331" decimals="-5" sign="-" format="ixt:numdotdecimal" name="rwt:MarketValuationChangesInFairValueOfGuaranteeAsset" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTEwMA_527689bc-4aae-411e-8338-7ccd7b66c528">0.1</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="i9b1ec784307f4701ae4999a37e7006a3_D20200101-20200331" decimals="-5" sign="-" format="ixt:numdotdecimal" name="rwt:MarketValuationChangesInFairValueOfGuaranteeAsset" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTA5OTUxMTY0NjE5OQ_47205367-8685-4fdb-8791-68831d4c686b">0.5</ix:nonFraction> million, respectively.</span></div></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">51</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="margin-top:12pt;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 16. Commitments and Contingencies - (continued)</span></div></div><ix:continuation id="i75fcdaec7c9a427b96d8a23272e16a9c"><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All of the loans in the reference pools subject to these risk-sharing arrangements were originated in 2014 and 2015, and at March&#160;31, 2021, the loans had an unpaid principal balance of $<ix:nonFraction unitRef="usd" contextRef="iedcf78341f264b8980407c95bb7d636b_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTUwNg_0a5b5ee2-659f-4252-88ee-14b26537feab">806</ix:nonFraction> million and a weighted average FICO score of <ix:nonFraction unitRef="number" contextRef="iedcf78341f264b8980407c95bb7d636b_I20210331" decimals="0" name="rwt:FinancingReceivableCreditScoreFICOWeightedAverage" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTU0Ng_dd6728f8-1621-4704-8ade-c98b15c24cba">757</ix:nonFraction> (at origination) and LTV ratio of <ix:nonFraction unitRef="number" contextRef="iedcf78341f264b8980407c95bb7d636b_I20210331" decimals="2" name="rwt:FinancingReceivableLoanToValueRatio" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTU4Mw_3612e520-c826-4258-a541-26a57ba00007">75</ix:nonFraction>% (at origination). At March&#160;31, 2021, $<ix:nonFraction unitRef="usd" contextRef="i332b3282f0164d19a1b004d1b93dabbe_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:FinancingReceivableRecordedInvestmentPastDue" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTYxMQ_465135bf-b325-4251-9c6e-d71416be0631">33</ix:nonFraction> million of the loans were 90 days or more delinquent, of which one of these loans with an unpaid principal balance of $<ix:nonFraction unitRef="usd" contextRef="i04e6aeb68aba430784efa8ac214c6558_I20210331" decimals="-5" format="ixt:numdotdecimal" name="rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTA5OTUxMTY0NjU2Mg_f4501cdf-bb6d-47b3-8efb-8a66632f1d4f">0.2</ix:nonFraction> million was in foreclosure. At March&#160;31, 2021, the carrying value of our guarantee obligation was $<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:GuarantyLiabilities" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTc2Mw_9bb22125-ee98-43fd-9815-a24c9c676cb3">9</ix:nonFraction> million and included $<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-6" format="ixt:numdotdecimal" name="rwt:GuaranteeObligationCreditReserve" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTc3OQ_b84b92fd-3bbc-44cc-895c-c7f4d8c2ce99">5</ix:nonFraction> million designated as a non-amortizing credit reserve, which we believe is sufficient to cover current expected losses under these obligations. </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our consolidated balance sheets include assets of special purpose entities ("SPEs") associated with these risk-sharing arrangements (i.e., the "pledged collateral" referred to above) that can only be used to settle obligations of these SPEs for which the creditors of these SPEs (the Agencies) do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of such SPEs totaled $<ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-6" format="ixt:numdotdecimal" name="rwt:SpecialPurposeEntitiesAssets" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNjMxOA_80f20b3a-32f1-41eb-bade-dfe5f67fd94e"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-6" format="ixt:numdotdecimal" name="rwt:SpecialPurposeEntitiesAssets" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNjMxOA_ceb7477d-404a-4ebd-8227-1a65d2027f2d">46</ix:nonFraction></ix:nonFraction> million at both dates, and liabilities of such SPEs totaled $<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-6" format="ixt:numdotdecimal" name="rwt:SpecialPurposeEntitiesLiabilities" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNjM4MA_aad7f9e2-01af-48e8-8c94-18db19a2267c">9</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-6" format="ixt:numdotdecimal" name="rwt:SpecialPurposeEntitiesLiabilities" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNjM4Nw_a0521487-06d7-4785-b439-3e470b9f25d5">10</ix:nonFraction> million, respectively.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Loss Contingencies&#160;&#8212; Residential Repurchase Reserve </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We maintain a repurchase reserve for potential obligations arising from representation and warranty violations related to residential loans we have sold to securitization trusts or third parties and for conforming residential loans associated with MSRs that we have purchased from third parties. We do not originate residential loans and we believe the initial risk of loss due to loan repurchases (i.e., due to a breach of representations and warranties) would generally be a contingency to the companies from whom we acquired the loans. However, in some cases, for example, where loans were acquired from companies that have since become insolvent, repurchase claims may result in our being liable for a repurchase obligation. Additionally, for certain loans we sold during the second quarter of 2020 that were previously held for investment, we have a direct obligation to repurchase these loans in the event of any early payment defaults (or EPDs) by the underlying mortgage borrowers within certain specified periods following the sales.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At both March&#160;31, 2021 and December&#160;31, 2020, our repurchase reserve associated with our residential loans and MSRs was $<ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-6" format="ixt:numdotdecimal" name="rwt:MortgageLoanOnRealEstateRepurchaseReserve" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNzU5MA_145124eb-74d3-4ca6-8ceb-8e5cc3f33648"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-6" format="ixt:numdotdecimal" name="rwt:MortgageLoanOnRealEstateRepurchaseReserve" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNzU5MA_b0c59f8d-2473-4972-bf2f-1f8b3fc5d0ed">9</ix:nonFraction></ix:nonFraction> million and was recorded in Accrued expenses and other liabilities on our consolidated balance sheets. </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We received <ix:nonFraction unitRef="repurchase_request" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="INF" format="ixt-sec:numwordsen" name="rwt:MortgageLoansOnRealEstateRepurchaseRequests" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNzcyMw_c40db2be-345f-49ce-99fb-2fd43d398798">zero</ix:nonFraction> and <ix:nonFraction unitRef="repurchase_request" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="INF" format="ixt-sec:numwordsen" name="rwt:MortgageLoansOnRealEstateRepurchaseRequests" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNzczMA_d37d652b-53d4-4084-90b9-63de42cf9b04">three</ix:nonFraction> repurchase requests during the three months ended March&#160;31, 2021 and 2020, respectively, and did <ix:nonFraction unitRef="loan" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="INF" format="ixt-sec:numwordsen" name="rwt:MortgageLoansOnRealEstateNumberOfLoansRepurchased" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNzgxNQ_299e0d9e-166e-45d3-83c0-ed87b90235a4"><ix:nonFraction unitRef="loan" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="INF" format="ixt-sec:numwordsen" name="rwt:MortgageLoansOnRealEstateNumberOfLoansRepurchased" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNzgxNQ_4c4e02a1-7890-4d32-9be9-30fde9d89c07">no</ix:nonFraction></ix:nonFraction>t repurchase any loans during either of these periods. During the three months ended March&#160;31, 2021 and 2020, we recorded repurchase provisions of $<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-5" format="ixt:numdotdecimal" name="rwt:MortgageLoansOnRealEstateRepurchaseProvision" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNzk0OQ_48b2da8e-1f97-458e-9b57-b800db330108">0.1</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-5" sign="-" format="ixt:numdotdecimal" name="rwt:MortgageLoansOnRealEstateRepurchaseProvision" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNzk5NA_a185cd83-f6bd-49f0-8fa8-487710b90a3b">0.2</ix:nonFraction> million, respectively, that were recorded in Mortgage banking activities, net; Investment fair value changes, net; and Other income on our consolidated statements of income (loss).</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Loss Contingencies&#160;&#8212;&#160;Litigation, Claims and Demands</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There is no significant update regarding the litigation matters described in Note 16 within the financial statements included in Redwood&#8217;s Annual Report on Form 10-K for the year ended December&#160;31, 2020 under the heading &#8220;Loss Contingencies - Litigation.&#8221; At March&#160;31, 2021, the aggregate amount of loss contingency reserves established in respect of the FHLB-Seattle and Schwab litigation matters described in our Annual Report on Form 10-K for the year ended December&#160;31, 2020 was $<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:LitigationReserve" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfODcwOQ_3be136a0-6b33-41be-91e9-03e8f2508f2a">2</ix:nonFraction>&#160;million. At March&#160;31, 2021, the aggregate amount of our accrual for estimated costs associated with the "Residential Loan Seller Demands" described in our Annual Report on Form 10-K for the year ended December&#160;31, 2020 was $<ix:nonFraction unitRef="usd" contextRef="ied690540783d49d3a572372126db7ad7_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:LossContingencyAccrualAtCarryingValue" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTA5OTUxMTY2NDk2Nw_49d15b3c-3cf3-4cfc-a878-69739fb5aca7">2</ix:nonFraction>&#160;million, a portion of which is contingent on the successful completion of future residential loan purchase and sale transactions with certain counterparties. We believe we have either resolved or adequately accrued for any unresolved Residential Loan Seller Demands and that there are no other Residential Loan Seller Demands that are reasonably possible to result in a material loss.</span></div></ix:continuation><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">52</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_97"></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 17. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:StockholdersEquityNoteDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfNDAwNQ_a22151be-d1c9-4350-960f-b4020cadba64" continuedAt="ia9f47c18ef724b6cabea7841d4ce699c" escape="true">Equity </ix:nonNumeric></span></div><ix:continuation id="ia9f47c18ef724b6cabea7841d4ce699c" continuedAt="ib395cec40d454692a78b07d44a1a3580"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfNDAyNQ_384077a0-7f75-46df-859c-cc490705eb43" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides a summary of changes to accumulated other comprehensive income by component for the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 17.1 &#8211; Changes in Accumulated Other Comprehensive Income (Loss) by Component</span></div><div style="margin-bottom:5pt;margin-top:11pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:29.358%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.589%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.589%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.589%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.595%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Available-for-Sale Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Interest Rate Agreements Accounted for as Cash Flow Hedges</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Available-for-Sale Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Interest Rate Agreements Accounted for as Cash Flow Hedges</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Balance at beginning of period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i201206434436445e9032fc44632b185f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfMi0yLTEtMS0w_628df1d0-c4ba-4f84-a482-67e65572305f">76,336</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ia02f8bcc6d214fb18115066f4a540b51_I20201231" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfMi00LTEtMS0w_cb370f64-29da-4a58-9701-15c77ea178ae">80,557</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ie30685bfc10c48b89229d33feffe9567_I20191231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfMi02LTEtMS0w_601727eb-fa0f-4375-8c17-900967459391">92,452</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i0ce4d980dd6547d7b4a83cc1bf88214c_I20191231" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfMi04LTEtMS0w_4ac69893-24e9-4d60-99f1-bbf145981f83">50,939</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Other comprehensive income (loss)<br/>before reclassifications </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2646fe752a324c119685f5eef9a1804d_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfMy0yLTEtMS0w_b65be736-95b8-4bba-aa32-1ab78ae1e90f">10,986</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i882231b0497843c792ffd0c65666d43b_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfMy00LTEtMS0w_5a43bea2-d1ca-43ad-a247-be3ad07c0720">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i5247dff820b64542b90c3c99def95da0_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfMy02LTEtMS0w_5617ce7e-b23d-4788-8b14-bd6f348421b2">80,519</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i1f6fc1d99c79491db8dfc812f7c03926_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfMy04LTEtMS0w_fe07d31f-3cf5-4eaa-85ef-d37817599705">32,806</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Amounts reclassified from other <br/>accumulated comprehensive income (loss)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i2646fe752a324c119685f5eef9a1804d_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNC0yLTEtMS0w_137a7ffb-4c84-4f7f-899d-837c719921de">2,795</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i882231b0497843c792ffd0c65666d43b_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNC00LTEtMS0w_648cbf8e-077c-4e1f-9f9a-b8a0bc87482c">1,018</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i5247dff820b64542b90c3c99def95da0_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNC02LTEtMS0w_ef430b67-edb8-4b30-b192-7979c9293a35">13,798</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1f6fc1d99c79491db8dfc812f7c03926_D20200101-20200331" decimals="-3" sign="-" name="us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNC04LTEtMS0w_c6595220-63db-4d62-b15b-d9ab5de3607e">79</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net current-period other comprehensive income (loss)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2646fe752a324c119685f5eef9a1804d_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNS0yLTEtMS0w_346e75eb-ef32-4509-89f8-020de02f40de">8,191</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i882231b0497843c792ffd0c65666d43b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNS00LTEtMS0w_f3456355-be71-4d8d-9473-782fbee4a8f1">1,018</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i5247dff820b64542b90c3c99def95da0_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNS02LTEtMS0w_89a33b7c-4eb7-4c02-820a-23a3551d90bc">94,317</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i1f6fc1d99c79491db8dfc812f7c03926_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherComprehensiveIncomeLossNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNS04LTEtMS0w_2ce48482-0874-42ed-b36b-352b33a598f9">32,727</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Balance at End of Period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i639c2d1e31364da28cf80d726a91c483_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNi0yLTEtMS0w_8bd4a1c3-15da-44b3-b34c-0f4306efc6c0">84,527</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6876d6a4aa4c448f8b435a69861cb2da_I20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNi00LTEtMS0w_fe5d59e0-cfb3-4d1e-b051-86d3307ef087">79,539</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i49e10bc86e8448af80afe47caaa287e2_I20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNi02LTEtMS0w_45677567-1d80-4e29-9347-4afd238280ad">1,865</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="id001871148b945229a4dacf365eec6a5_I20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:StockholdersEquity" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNi04LTEtMS0w_21937835-5b39-4b76-8b8d-69444d2ff2fc">83,666</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfNDAxOA_ba760726-889d-4c4c-8ce7-9a889f11c89d" escape="true"><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides a summary of reclassifications out of accumulated other comprehensive income for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 17.2 &#8211; Reclassifications Out of Accumulated Other Comprehensive Income (Loss)</span></div><div style="margin-bottom:5pt;margin-top:17pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:38.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.542%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amount Reclassified From <br/>Accumulated Other Comprehensive Income</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Affected Line Item in the</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Income Statement</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Realized (Gain) Loss on AFS Securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit loss expense on AFS securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ib8ec02bff54e4042b0fd3a2022fd3801_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfNS00LTEtMS0w_e3bca678-30d3-43eb-8b4a-eb438edb47da">374</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i31ce7aa274c74b09919a3ea3e73c8179_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfNS02LTEtMS0w_f70e1590-2d21-4fb8-b76c-8a5961799f8c">1,525</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gain on sale of AFS securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized gains, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ib8ec02bff54e4042b0fd3a2022fd3801_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealizedInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfNi00LTEtMS0w_0c93ea39-362b-4751-8d4a-9ec418efae41">2,421</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i31ce7aa274c74b09919a3ea3e73c8179_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealizedInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfNi02LTEtMS0w_310e76d4-064c-43ac-a45d-60a075da7504">15,323</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ib8ec02bff54e4042b0fd3a2022fd3801_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfOC00LTEtMS0w_47ce85f4-6514-420a-990b-392b5f857f19">2,795</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i31ce7aa274c74b09919a3ea3e73c8179_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfOC02LTEtMS0w_377c5e1d-f93d-4cb1-9c89-91503417ac08">13,798</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Realized Loss on Interest Rate <br/>&#160;&#160;Agreements Designated as Cash Flow Hedges</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization of deferred loss</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5577374a8a654f47991d6d90f02cfe4e_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfMTAtNC0xLTEtMA_96aefab0-53f4-449c-95e8-d4dd53b75cc4">1,018</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib6414a429ac34854bde155f4f8b20824_D20200101-20200331" decimals="-3" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfMTAtNi0xLTEtMA_6ac54bf9-27c2-45ef-a1fc-ed9e002ff58b">79</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5577374a8a654f47991d6d90f02cfe4e_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfMTEtNC0xLTEtMA_efa40cb2-05e9-4666-95da-b2332b2672e1">1,018</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib6414a429ac34854bde155f4f8b20824_D20200101-20200331" decimals="-3" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfMTEtNi0xLTEtMA_7e7d2b6f-bbfa-4af1-8bed-994f832346c6">79</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric><div style="margin-bottom:9pt;margin-top:17pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Issuance of Common Stock</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have an established program to sell up to an aggregate of $<ix:nonFraction unitRef="usd" contextRef="i90db73dacb5d47b2b14ebbb2aa15a338_I20200331" decimals="INF" format="ixt:numdotdecimal" name="rwt:StockIssuanceProgramAuthorizedAmount" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMTA5OTUxMTYzNDAxNQ_c4f91999-7d80-4e48-a242-54b93754bb20">175</ix:nonFraction> million of common stock from time to time in at-the-market ("ATM") offerings, with $<ix:nonFraction unitRef="usd" contextRef="iaa546460d3074e9cb62f3f5a4e76618e_I20210331" decimals="INF" format="ixt:numdotdecimal" name="rwt:StockIssuanceProgramRemainingAuthorizedIssuanceAmount" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMTA5OTUxMTYzNDI5OA_fef37de1-ff68-46e1-ba1d-01e851e5a323">110</ix:nonFraction> million of remaining capacity available at March&#160;31, 2021. During the three months ended March&#160;31, 2021, we did <ix:nonFraction unitRef="shares" contextRef="i96f47396b08a4ca89e75b9b5eb9ab95f_D20210101-20210331" decimals="INF" format="ixt-sec:numwordsen" name="us-gaap:StockIssuedDuringPeriodSharesNewIssues" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMjE5OTAyMzI2MTA4Ng_fb63f70a-9321-4dc5-8f89-37a5523d2c26">no</ix:nonFraction>t issue any shares under this program. </span></div></ix:continuation><div style="margin-bottom:9pt;margin-top:12pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">53</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="margin-top:12pt;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 17. Equity - (continued)</span></div></div><ix:continuation id="ib395cec40d454692a78b07d44a1a3580" continuedAt="i42238e85530644cd8cc4c6978ebe8929"><div style="margin-bottom:9pt;margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Direct Stock Purchase and Dividend Reinvestment Plan</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During both the three months ended March&#160;31, 2021 and 2020, we did <ix:nonFraction unitRef="shares" contextRef="i5bf3a8ad6789496288b3e5fab11519ee_D20210101-20210331" decimals="INF" format="ixt-sec:numwordsen" name="rwt:StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMTIxOA_6f48c1d1-8c53-45c9-b4c5-b96d75fc1b0c"><ix:nonFraction unitRef="shares" contextRef="i9a879fb4d53a4ed7847790160db69378_D20200101-20200331" decimals="INF" format="ixt-sec:numwordsen" name="rwt:StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMTIxOA_b13943e4-7884-4d6d-bf4c-80787aa92640">no</ix:nonFraction></ix:nonFraction>t issue any shares of common stock through our Direct Stock Purchase and Dividend Reinvestment Plan.</span></div><div style="margin-bottom:9pt;margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Earnings (Loss) per Common Share</span></div><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfNDAyNA_ab942c3d-882a-4032-afac-aebe7f0ea3a3" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the basic and diluted earnings (loss) per common share computations for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 17.3 &#8211; Basic and Diluted Earnings (Loss) per Common Share</span></div><div style="margin-bottom:5pt;margin-top:11pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:71.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.816%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.819%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands, except Share Data)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Basic Earnings (Loss) per Common Share:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income (loss) attributable to Redwood</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMy0yLTEtMS0w_1b3210e7-4626-41b6-a3f2-f2be521cdfa0">97,257</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMy00LTEtMS0w_49987de2-9ffc-4289-81af-3cc425cfd2d4">943,398</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: Dividends and undistributed earnings allocated to participating securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfNC0yLTEtMS0w_f5136e90-0e57-4329-bc9c-b623d09d278c">3,294</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfNC00LTEtMS0w_6722ed1e-c483-493a-85d0-a54d77564c3c">1,209</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income (loss) allocated to common shareholders</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfNS0yLTEtMS0w_ed4b2201-61ad-4e78-a0df-958d6530a240">93,963</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfNS00LTEtMS0w_e482f824-25e7-4da0-8b72-5a33c9ced20e">944,607</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Basic weighted average common shares outstanding</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfSharesOutstandingBasic" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfNi0yLTEtMS0w_3f78ee3d-daf0-4e44-8ef7-432616f34571">112,276,842</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfSharesOutstandingBasic" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfNi00LTEtMS0w_2a1d8a60-8c80-44fb-a739-b516ef756bdd">114,076,568</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Basic Earnings (Loss) per Common Share</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="2" name="us-gaap:EarningsPerShareBasic" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfNy0yLTEtMS0w_501455d8-0f2e-47dc-8d32-c69cf728f92e">0.84</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="2" sign="-" name="us-gaap:EarningsPerShareBasic" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfNy00LTEtMS0w_12b83ece-0cb0-4c0c-af5e-70b9b43756f4">8.28</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Diluted Earnings (Loss) per Common Share:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income (loss) attributable to Redwood</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfOS0yLTEtMS0w_a1c30214-3e26-4436-a724-94d057add528">97,257</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfOS00LTEtMS0w_4d0b9539-8c78-437b-9331-3fc8aaec46af">943,398</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: Dividends and undistributed earnings allocated to participating securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTAtMi0xLTEtMA_55597bda-3b76-4e27-8e5f-7228d363773f">2,951</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTAtNC0xLTEtMA_ccafac3e-13f5-4151-b3b8-08aac9220cd3">1,209</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Add back: Interest expense on convertible notes for the period, net of tax</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTEtMi0xLTEtMA_3816f65e-d313-49b0-981b-880be3cff96f">7,007</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="rwt:InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTEtNC0xLTEtMA_6d6544fa-83ec-4f2d-a17e-4db48f23c6be">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income (loss) allocated to common shareholders</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTItMi0xLTEtMA_335db06f-1faa-444f-be0c-21d29dbcb91b">101,313</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTItNC0xLTEtMA_57fbc5b8-8244-42c4-ba24-c0f1b1ba4f59">944,607</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Weighted average common shares outstanding</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTMtMi0xLTEtMA_e2de8e29-297e-4675-821d-e55ad42be444">112,276,842</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTMtNC0xLTEtMA_5f58a5cf-f58d-412d-91d5-753e3fe1d8db">114,076,568</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net effect of dilutive equity awards</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTQtMi0xLTEtMA_5f8dfb24-9fd8-4070-883f-fdfd3ca771a3">195,568</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="0" format="ixt:zerodash" name="us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTQtNC0xLTEtMA_11f034d6-4b34-40b6-ab29-ee673607ce09">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net effect of assumed convertible notes conversion to common shares</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="0" format="ixt:numdotdecimal" name="us-gaap:IncrementalCommonSharesAttributableToConversionOfDebtSecurities" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTUtMi0xLTEtMA_2faeec77-3718-4af7-8f21-19a6d5bb31af">28,566,875</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="0" format="ixt:zerodash" name="us-gaap:IncrementalCommonSharesAttributableToConversionOfDebtSecurities" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTUtNC0xLTEtMA_73d373ca-8610-44d2-8e47-c703750f81a8">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Diluted weighted average common shares outstanding</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTYtMi0xLTEtMA_7d497c7d-e7f1-436e-9825-1e635bfd277d">141,039,285</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="0" format="ixt:numdotdecimal" name="us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTYtNC0xLTEtMA_40e90c34-41db-40c0-9c5a-eaee934b7b6a">114,076,568</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Diluted Earnings (Loss) per Common Share</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="2" name="us-gaap:EarningsPerShareDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTctMi0xLTEtMA_41bcc0f9-3776-474a-a720-7664d9f10afc">0.72</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usdPerShare" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="2" sign="-" name="us-gaap:EarningsPerShareDiluted" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTctNC0xLTEtMA_c539276b-9e4d-41bc-8eca-f48fde0ba021">8.28</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div></ix:nonNumeric><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We included participating securities, which are certain equity awards that have non-forfeitable dividend participation rights, in the calculations of basic and diluted earnings per common share as we determined that the two-class method was more dilutive than the alternative treasury stock method for these shares. Dividends and undistributed earnings allocated to participating securities under the basic and diluted earnings per share calculations require specific shares to be included that may differ in certain circumstances. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March 31, 2021, certain of our convertible notes were determined to be dilutive and were included in the calculation of diluted EPS under the "if-converted" method. Under this method, the periodic interest expense (net of applicable taxes) for dilutive notes is added back to the numerator and the weighted average number of shares that the notes are entitled to (if converted, regardless of whether they are in or out of the money) are included in the denominator. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the three months ended March 31, 2020, <ix:nonFraction unitRef="shares" contextRef="ida937d5019114f1d8e5ac2e8ccd82964_D20200101-20200331" decimals="-5" format="ixt:numdotdecimal" name="us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMjk0NA_3831d5d7-3190-4d52-b565-79545a6d03e5">35.4</ix:nonFraction>&#160;million of common shares related to the assumed conversion of our convertible notes were antidilutive and were excluded in the calculation of diluted earnings per share. For the three months ended March&#160;31, 2021 and 2020, the number of outstanding equity awards that were antidilutive totaled <ix:nonFraction unitRef="shares" contextRef="ieceb2fe3b9894abc96c3fc72b06a5e83_D20210101-20210331" decimals="0" format="ixt:numdotdecimal" name="us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMzIwOA_28b7c265-4d51-412b-a005-936ab4d0922e">15,460</ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="if1646945f0f74afcb2da378cf70d6641_D20200101-20200331" decimals="0" format="ixt:numdotdecimal" name="us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMTA5OTUxMTYzMjU5NQ_4d225b81-261a-4fcf-8bab-edec33fa0238">21,249</ix:nonFraction>, respectively. </span></div></ix:continuation><div style="margin-bottom:9pt;margin-top:12pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">54</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="margin-top:12pt;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 17. Equity - (continued)</span></div></div><ix:continuation id="i42238e85530644cd8cc4c6978ebe8929"><div style="margin-bottom:9pt;margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Stock Repurchases</span></div><div style="margin-bottom:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In February 2018, our Board of Directors approved an authorization for the repurchase of our common stock, increasing the total amount authorized for repurchases of common stock to $<ix:nonFraction unitRef="usd" contextRef="i58c0e645ed7549859a09fd9905db4fe6_I20180228" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:StockRepurchaseProgramAuthorizedAmount1" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMzU3Mw_30d18cc2-620f-4f63-8f12-a6aa43e5396e">100</ix:nonFraction> million, and also authorized the repurchase of outstanding debt securities, including convertible and exchangeable debt. This authorization increased the previous share repurchase authorization approved in February 2016 and has no expiration date. This repurchase authorization does not obligate us to acquire any specific number of shares or securities. Under this authorization, shares or securities may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. During the three months ended March&#160;31, 2021, we did <ix:nonFraction unitRef="shares" contextRef="icc51e911b2304b3a96cb7a5508b85f72_D20210101-20210331" decimals="INF" format="ixt-sec:numwordsen" name="us-gaap:StockRepurchasedDuringPeriodShares" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMTA5OTUxMTYzMjcwNw_40b6739f-632c-4fbb-a6ce-faab2d0dc883">no</ix:nonFraction>t repurchase any shares. At March&#160;31, 2021, $<ix:nonFraction unitRef="usd" contextRef="ida746b21d8c441e2b772acefee3d9e60_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMzgxOA_48b16c28-f595-4802-8ced-e6928c2760e5">78</ix:nonFraction> million of the current authorization remained available for the repurchase of shares of our common stock and we also continued to be authorized to repurchase outstanding debt securities.</span></div></ix:continuation><div id="ibbb1cfc257ec4428ade8d1d12a26495b_100"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 18. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzI1NDA_9853a27e-ba13-494e-bd50-a8c57d9e58f0" continuedAt="i4e7a04cb33ce4416a41cb48de7f688b0" escape="true">Equity Compensation Plans</ix:nonNumeric></span></div><ix:continuation id="i4e7a04cb33ce4416a41cb48de7f688b0" continuedAt="i249d381aa6fd4cb58e7761732968315b"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021 and December&#160;31, 2020, <ix:nonFraction unitRef="shares" contextRef="i8d87ab0dbdbf4f178ea794db0efc58ee_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzU0_be4bf8ea-d116-4a11-9727-e38afa456c84">7,540,310</ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="i9a95005df8ff43bc8bf295ee6cc3d3c1_I20201231" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzYx_a4513add-b03b-44e2-9fdd-a796863d90d6">7,957,891</ix:nonFraction> shares of common stock, respectively, were available for grant under our Incentive Plan. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzI1Mzg_47a0f0bf-cfbc-4fa2-abec-3a780bdbc04e" continuedAt="i1bc800c4a93e4436baa0e19695547275" escape="true">The unamortized compensation cost of awards issued under the Incentive Plan, which are settled by delivery of shares of common stock and purchases under the Employee Stock Purchase Plan, totaled $<ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzQzMQ_cf52460d-6251-4f80-bfe5-35af0fe5c621">29</ix:nonFraction> million at March&#160;31, 2021, as shown in the following table.</ix:nonNumeric></span></div><ix:continuation id="i1bc800c4a93e4436baa0e19695547275"><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 18.1 &#8211; Activities of Equity Compensation Costs by Award Type </span></div><div style="margin-bottom:5pt;margin-top:13pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:28.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:9.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.876%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Restricted Stock Awards</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Restricted Stock Units</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Deferred Stock Units</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Performance Stock Units</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Employee Stock Purchase Plan</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unrecognized compensation cost at beginning of period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9b0995baa4dd4e6e9501b82ddba185c2_I20201231" decimals="-3" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzItNC0xLTEtMA_5b9f886c-f595-434d-be56-326031b800f9">564</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i14de137a4b2f49239a8dc700e6d3d0c6_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzItNi0xLTEtMA_aa7e162e-fec5-4989-bc6a-591e85d56dcd">3,540</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ieec932e98aa94b5faa6292f0db3871bb_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzItOC0xLTEtMA_c8974cca-4bd1-4277-a3ec-e0e2849915c5">17,766</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icdcd35a3c45e455cbca21a8974ec0abb_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzItMTAtMS0xLTA_b267e9b8-98aa-4667-9b0e-cfc0b959bbf7">5,794</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0b83629ac70a4211b4e212d74ce4bc4a_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzItMTItMS0xLTA_a4725655-62b2-41c6-9b17-9613d054f1b7">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzItMTQtMS0xLTA_0eff0b3e-fa7a-4be8-828e-5cefdc2e49de">27,664</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Equity grants</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i141a563f32ad4ba1a026faf759ada2f5_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzMtNC0xLTEtMA_ff53eace-b05f-4388-9b7f-d6625d285773">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ibc7e68ec47fd478a846d8c26807278dd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzMtNi0xLTEtMA_e5b34f89-4fa9-4949-a651-c8598a673524">2,370</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic01cb7a34e264e1ead32c22b5cc05300_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzMtOC0xLTEtMA_af7d13fb-71cf-4a8a-91b7-9f8255680aed">2,641</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia1e11f7eb6d1461caa320620314d3507_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzMtMTAtMS0xLTA_82d58c4d-36f2-4ce7-8a0d-a8658eea38d7">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i728f66c7c433487a8a60101153ca4585_D20210101-20210331" decimals="-3" name="us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzMtMTItMS0xLTA_5f3afd66-3a55-420c-a9b3-f99040d1156a">259</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzMtMTQtMS0xLTA_1853ad9c-e8c1-4987-b9c9-b161aca6eade">5,270</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Equity grant forfeitures</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i141a563f32ad4ba1a026faf759ada2f5_D20210101-20210331" decimals="-3" name="rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzUtNC0xLTEtMA_940e7d1d-3085-484f-93e3-c9d5877799e3">2</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ibc7e68ec47fd478a846d8c26807278dd_D20210101-20210331" decimals="-3" name="rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzUtNi0xLTEtMA_e03accd7-2ca2-48ce-a8b8-a3792f4d9a89">591</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic01cb7a34e264e1ead32c22b5cc05300_D20210101-20210331" decimals="-3" name="rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzUtOC0xLTEtMA_571f72f7-f036-4482-ac5f-f186c734a644">550</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia1e11f7eb6d1461caa320620314d3507_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzUtMTAtMS0xLTA_e04450ed-a388-41c7-aa47-cf8778f85f6b">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i728f66c7c433487a8a60101153ca4585_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzUtMTItMS0xLTA_fc6eb09b-132f-4b5e-91a2-b9427c6cc400">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzUtMTQtMS0xLTA_55a84705-ded6-42ca-af43-b9e10e81593a">1,143</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Equity compensation expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i141a563f32ad4ba1a026faf759ada2f5_D20210101-20210331" decimals="-3" name="rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzYtNC0xLTEtMA_ae8f6788-6a00-40e5-9608-eb6e4078ba8d">167</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ibc7e68ec47fd478a846d8c26807278dd_D20210101-20210331" decimals="-3" name="rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzYtNi0xLTEtMA_44e0350e-f3ca-45d5-adf2-8c4477b5ee07">307</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic01cb7a34e264e1ead32c22b5cc05300_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzYtOC0xLTEtMA_210b3a6f-fd59-4db0-b3fd-ef46b978bb29">1,761</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ia1e11f7eb6d1461caa320620314d3507_D20210101-20210331" decimals="-3" name="rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzYtMTAtMS0xLTA_2868a8a1-03d2-4a30-a427-9585853f7f79">586</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i728f66c7c433487a8a60101153ca4585_D20210101-20210331" decimals="-3" name="rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzYtMTItMS0xLTA_ca1315f5-6a08-43a8-b0f5-476956719efc">65</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzYtMTQtMS0xLTA_010bb673-2220-455c-9212-bd4c4fe72b4a">2,886</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Unrecognized Compensation Cost at End of Period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1444d71b9ae940a4a2fdf367ff9c2bf1_I20210331" decimals="-3" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzctNC0xLTEtMA_313607d5-5cd3-4433-9707-8b75143e866a">395</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i24df6eec77f441e8aba24e473edc216f_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzctNi0xLTEtMA_43d2815b-77bc-4da8-9187-e06d1a78e5af">5,012</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4976fc5085874fddbe4f5ec85c4e53a8_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzctOC0xLTEtMA_d2c73c2e-4b61-40a3-a3e0-76d6635e6c03">18,096</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i650feeffa8cb4682b37a39708ca269b9_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzctMTAtMS0xLTA_b1520967-371e-464c-9495-f76b99bd2002">5,208</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i31b4277915904da0be47b9bec39e35d1_I20210331" decimals="-3" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzctMTItMS0xLTA_32baa6aa-d65c-4acd-bb8e-bbbcdf7f57d1">194</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzctMTQtMS0xLTA_85ee6c48-b0da-4e68-8bed-36bb0614649a">28,905</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, the weighted average amortization period remaining for all of our equity awards was <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" format="ixt-sec:durwordsen" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzYzNg_ce36d27d-d86b-4341-b39d-f2eefaa713e6">one year</ix:nonNumeric>.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Restricted Stock Awards ("RSAs")</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021 and December&#160;31, 2020, there were <ix:nonFraction unitRef="shares" contextRef="i09cfbe81a2eb4afd9498bff68106c7e0_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzY5OQ_756293f4-769f-4d58-93d0-5b791e00c715">30,119</ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="i992447069ee64e4fb91abf8e1ee60a5a_I20201231" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzcwNg_2220b681-5940-4c3d-a409-8b655b6c0287">78,998</ix:nonFraction> shares, respectively, of RSAs outstanding. Restrictions on these shares lapse through 2022. During the three months ended March&#160;31, 2021, there were <ix:nonFraction unitRef="shares" contextRef="ibf9b96d3be8046ec9c3f4b704cd8dab6_D20210101-20210331" decimals="INF" format="ixt-sec:numwordsen" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5Xzg0MQ_5010e1c8-6219-4084-a778-09e554700741">no</ix:nonFraction> RSAs granted, restrictions on <ix:nonFraction unitRef="shares" contextRef="ibf9b96d3be8046ec9c3f4b704cd8dab6_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5Xzg3NA_39625e0e-24cc-4062-9b1b-8b9ad467641b">48,879</ix:nonFraction> RSAs lapsed and those shares were distributed, and <ix:nonFraction unitRef="shares" contextRef="ibf9b96d3be8046ec9c3f4b704cd8dab6_D20210101-20210331" decimals="INF" format="ixt-sec:numwordsen" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzkyOA_14e4ad5f-400d-4ba4-ab54-e27bd3f04dbf">no</ix:nonFraction> RSAs were forfeited.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Restricted Stock Units ("RSUs")</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021 and December&#160;31, 2020, there were <ix:nonFraction unitRef="shares" contextRef="if817ae3b313846f68840d39f91092c41_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzEwMDk_e814044e-6983-49db-939d-4143949d81ab">458,554</ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="if957ed004687443f85fed3c992419b7e_I20201231" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzEwMTY_67fdd370-4085-483b-b50a-7155f0dcdde4">282,424</ix:nonFraction> shares, respectively, of RSUs outstanding. Restrictions on these shares lapse through 2025. During the three months ended March&#160;31, 2021, there were <ix:nonFraction unitRef="shares" contextRef="i9a2ad723983f4e0b8fffdc61b0fb797a_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzExNTE_dc5147ad-5c5c-4e21-a910-2e9e155a9d00">272,261</ix:nonFraction> RSUs granted, <ix:nonFraction unitRef="shares" contextRef="i9a2ad723983f4e0b8fffdc61b0fb797a_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzExNjg_21f46115-41f4-41f5-bcbd-9632af8a8f5f">58,899</ix:nonFraction> RSUs distributed, and <ix:nonFraction unitRef="shares" contextRef="i9a2ad723983f4e0b8fffdc61b0fb797a_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzExOTM_6601b7a0-d16e-4199-9001-fe4da4ed731c">37,232</ix:nonFraction> RSUs forfeited.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Deferred Stock Units (&#8220;DSUs&#8221;)</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021 and December&#160;31, 2020, there were <ix:nonFraction unitRef="shares" contextRef="i82a6237c4b7f47d882f54745aecc0a9a_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzEyNjc_422cbf12-11b0-45f1-b286-1ea842f61304">2,963,453</ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="i4c843f24a55448a2976742a56ab11dde_I20201231" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzEyNzQ_fb3d7aa7-9808-40ac-8fb9-41a177d36961">2,805,144</ix:nonFraction> DSUs, respectively, outstanding of which <ix:nonFraction unitRef="shares" contextRef="ie33ef02612ed4084acf36cf4dc6b3b47_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzEzMTg_b66d9687-80b2-4d9b-82ad-04baf105438a">1,248,084</ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="ibdea8f87b07048f7b635ff2c788801e3_D20200101-20201231" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzEzMjU_3644a68c-69a9-4427-a440-74b2c5c32f57">1,206,125</ix:nonFraction>, respectively, had vested. During the three months ended March&#160;31, 2021, there were <ix:nonFraction unitRef="shares" contextRef="ie33ef02612ed4084acf36cf4dc6b3b47_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzEzOTc_56eb5ef6-966f-4bb3-9439-baa912766c80">312,045</ix:nonFraction> DSUs granted, <ix:nonFraction unitRef="shares" contextRef="ie33ef02612ed4084acf36cf4dc6b3b47_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="rwt:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzE0MTQ_0b03ece1-867e-4a18-b54d-e14aca2c270f">122,575</ix:nonFraction> DSUs distributed, and <ix:nonFraction unitRef="shares" contextRef="ie33ef02612ed4084acf36cf4dc6b3b47_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzE0Mzk_6b66214c-ea9b-4ce6-b095-7e14cd8b044e">31,161</ix:nonFraction> DSUs forfeited. Unvested DSUs at March&#160;31, 2021 vest through 2025. </span></div></ix:continuation><div><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">55</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="margin-top:12pt;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 18. Equity Compensation Plans - (continued)</span></div></div><ix:continuation id="i249d381aa6fd4cb58e7761732968315b"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Performance Stock Units (&#8220;PSUs&#8221;)</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At both March&#160;31, 2021 and December&#160;31, 2020, the target number of PSUs that were unvested was <ix:nonFraction unitRef="shares" contextRef="ideaea727bed84387acb819cdcbb6233d_I20210331" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzE1OTM_1735a4bc-abb3-4b41-a8c8-8bd6bbefb412"><ix:nonFraction unitRef="shares" contextRef="ic4df3e571d8e48289f6fe339f38ce76a_I20201231" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzE1OTM_19a8fc29-019e-42cc-a933-c26f878c2e73">978,735</ix:nonFraction></ix:nonFraction>. During the three months ended March&#160;31, 2021, <ix:nonFraction unitRef="shares" contextRef="i52620719f646478ea85eb87714fb56f5_D20210101-20210331" decimals="INF" format="ixt-sec:numwordsen" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzE2NTE_6593b173-5a81-4477-99cb-2f0df7bf858c">no</ix:nonFraction> PSUs were forfeited. Vesting for all PSUs will generally occur at the end of <ix:nonNumeric contextRef="i52620719f646478ea85eb87714fb56f5_D20210101-20210331" format="ixt-sec:durwordsen" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzE3MzE_373d737d-5865-427b-b220-a4ba9692baa3">three years</ix:nonNumeric> from their grant date based on various Total Shareholder Return ("TSR") performance calculations, as discussed in our Annual Report on Form 10-K for the year ended December&#160;31, 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Employee Stock Purchase Plan ("ESPP")</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The ESPP allows a maximum of <ix:nonFraction unitRef="shares" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="INF" format="ixt:numdotdecimal" name="rwt:EmployeeStockPurchasePlanNumberOfSharesAuthorized" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzIyODU_f6cc3b09-1cef-480a-8f49-4fbb143c8a71">600,000</ix:nonFraction> shares of common stock to be purchased in aggregate for all employees. As of March&#160;31, 2021 and December&#160;31, 2020, <ix:nonFraction unitRef="shares" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="INF" format="ixt:numdotdecimal" name="rwt:EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzIzNzY_da9101ff-0436-4a73-9593-1d144e3c1491">505,346</ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="ia7b73769c0b148a7ba444b2b57d4375d_D20200101-20201231" decimals="INF" format="ixt:numdotdecimal" name="rwt:EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzIzODM_a94793f0-9cf2-41c5-a477-bfec032bee9b">489,886</ix:nonFraction> shares had been purchased, respectively, and there remained a negligible amount of uninvested employee contributions in the ESPP at March&#160;31, 2021.</span></div></ix:continuation><div id="ibbb1cfc257ec4428ade8d1d12a26495b_103"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 19. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:MortgageBankingAndInvestingActivitiesDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90ZXh0cmVnaW9uOmJjNmRmYjZkNmEzNzRjOGRiOGRkNTVjYWFiZTczNjU0Xzg4NA_c73d32c1-d4c1-41b7-a6d8-0322d84c891f" continuedAt="i4c7db6f55cb84cbca7697d6c8352d94e" escape="true">Mortgage Banking Activities, Net</ix:nonNumeric></span></div><ix:continuation id="i4c7db6f55cb84cbca7697d6c8352d94e"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90ZXh0cmVnaW9uOmJjNmRmYjZkNmEzNzRjOGRiOGRkNTVjYWFiZTczNjU0Xzg4Mg_a28a4147-1b6c-467a-9c03-b34c758039f5" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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&#160;31, 2021 and 2020.</span></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 19.1 &#8211; Mortgage Banking Activities </span></div><div style="margin-bottom:5pt;margin-top:13pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.844%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.235%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential Mortgage Banking Activities, Net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Changes in fair value of:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans, at fair value </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i5ae1a0b112af436496dd2c9a6cc55806_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzQtMi0xLTEtMA_cadca399-3105-4d6e-828e-ead65ab7f25c">29,273</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="if44aeb38133e45ce80a4f0e328dee8b7_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzQtNC0xLTEtMA_49ff078a-b7de-4783-aade-519919d6012e">7,955</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading securities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i905cc8febcd642e2942b6d71d888a796_D20210101-20210331" decimals="-3" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzUtMi0xLTEtMTk4Mw_3bfdfa04-8205-478f-97fc-f5fef66025a0">721</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i23c68b96097d4e44bd61019b72e212b8_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzUtNC0xLTEtMTk4Mw_4c18e778-dd33-4129-80a9-fb4fbb24de41">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk management derivatives </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9f95ef74f7604233be887aa908faf649_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzUtMi0xLTEtMA_53a89cea-c6ee-4fab-b18b-6f58d3dacca8">88,964</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i5e0e6edead66488595680aae622af0c6_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzUtNC0xLTEtMA_8a4ddc8a-00bf-4228-a824-4c1a51d9560e">31,294</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income (expense), net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i41bed9ae9f99468c8f24484ad9d49fe3_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzYtMi0xLTEtMA_ba8d3b53-a6ae-42d5-b95e-233db5a3c40e">1,023</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia6f55c0d27974e2f8a3fc60e7ae8ee1a_D20200101-20200331" decimals="-3" name="us-gaap:OtherIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzYtNC0xLTEtMA_7d68d9d5-d459-4f67-ac3e-daa059a90574">258</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total residential mortgage banking activities, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i41bed9ae9f99468c8f24484ad9d49fe3_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzctMi0xLTEtMA_515649ba-5c21-42cd-80d0-030781d85a41">61,435</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ia6f55c0d27974e2f8a3fc60e7ae8ee1a_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzctNC0xLTEtMA_8a11e288-5483-4c9e-9ade-bcb0edaf42ad">23,081</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Business Purpose Mortgage Banking Activities, Net:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Changes in fair value of:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Single-family rental loans, at fair value </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i40c1fe6d201342a4b505cdad6e3f061f_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzExLTItMS0xLTA_15d74479-35ff-4606-9b08-8a6da764c982">10,248</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3a4675da50e3489681caa735bc225efc_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzExLTQtMS0xLTA_650dd740-3c4e-4828-b321-41c69ce87757">11,808</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk management derivatives</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i726353e05a8242baa7e78d501379149b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzEyLTItMS0xLTA_e9077b07-a6e8-4553-9c15-7dab3742c9c5">3,858</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i1f8adac52b764e698d1998f7c353f113_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzEyLTQtMS0xLTA_f076c8cb-f317-4786-a7eb-b68e75b482f7">21,538</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bridge loans, at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9acbfa4453ec41c1a5ef48c7c0483ab4_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzEzLTItMS0xLTA_e8454b6e-4f48-474d-b39a-bcb8c94022b2">1,044</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9db5afe1b58e4092bfa181457651b4e7_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzEzLTQtMS0xLTA_b3678055-b4f5-4d55-a8ac-ebd67879fbe3">3,934</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income, net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(5)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9acbfa4453ec41c1a5ef48c7c0483ab4_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzE0LTItMS0xLTA_4886b3cb-24a0-4b85-8ed3-83719e498193">6,022</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9db5afe1b58e4092bfa181457651b4e7_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzE0LTQtMS0xLTA_80ac0646-7ccf-4b18-903d-a897cff5ed28">7,843</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total business purpose mortgage banking activities, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9acbfa4453ec41c1a5ef48c7c0483ab4_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzE1LTItMS0xLTA_0dbd4d7b-e221-449d-bf2a-cfd79ae219d7">21,172</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9db5afe1b58e4092bfa181457651b4e7_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzE1LTQtMS0xLTA_48552e42-e6af-448b-a243-95c3b1b93f55">5,821</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mortgage Banking Activities, Net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzE2LTItMS0xLTA_48c51b25-1596-472c-aae7-890d84810045">82,607</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzE2LTQtMS0xLTA_80442472-e170-4130-900a-8978350706e5">28,902</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">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.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents fair value changes on trading securities that are being used as hedges to manage the mark-to-market risks associated with our residential mortgage banking operations.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents market valuation changes of derivatives that were used to manage risks associated with our mortgage banking operations. </span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Amounts in this line item include other fee income from loan acquisitions and provisions for repurchase expense, presented net.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(5)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Amounts in this line item include other fee income from loan originations.</span></div></ix:nonNumeric></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">56</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_109"></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 20. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:InterestAndOtherIncomeTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90ZXh0cmVnaW9uOjQxMWVlYjBjZDIwNDQ0ODc4OTIzNWM2ZDI0NzAzNDA2XzIwOA_7886fd95-4e98-49dd-8338-c9e11e9d1a80" continuedAt="i96845b731a204ad79ec5e72031cd545a" escape="true">Other Income</ix:nonNumeric></span></div><ix:continuation id="i96845b731a204ad79ec5e72031cd545a"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:InterestAndOtherIncomeTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90ZXh0cmVnaW9uOjQxMWVlYjBjZDIwNDQ0ODc4OTIzNWM2ZDI0NzAzNDA2XzIwOQ_9935bc87-e26a-460b-843f-a1c556c509ce" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the components of Other income recorded in our consolidated statements of income (loss) for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 20.1 &#8211; Other Income</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:71.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.096%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSR income (loss), net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" name="rwt:MortgageServicingRightsIncomeLossNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzItMi0xLTEtMA_d019f788-cbfc-42d4-95ce-860a3d99c9bf">697</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:MortgageServicingRightsIncomeLossNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzItNC0xLTEtMA_ae5a9406-ad11-44b9-860b-24cbb6bcabf6">1,809</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk share income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" name="rwt:FeeIncomeRiskSharingAgreement" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzMtMi0xLTEtMA_7b660c3b-fb3e-450f-b925-c70c3a6463e4">882</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" name="rwt:FeeIncomeRiskSharingAgreement" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzMtNC0xLTEtMA_22557874-ca0a-4018-938c-80f1d01a3375">765</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FHLBC capital stock dividend</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" name="rwt:FHLBCCapitalStockDividend" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzQtMi0xLTEtMA_fe5e21c1-9d3a-424a-9cd9-ce3c71ae8638">25</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" name="rwt:FHLBCCapitalStockDividend" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzQtNC0xLTEtMA_56c8fa7f-c1a2-4109-b4ec-164d35812940">547</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Equity investment income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:IncomeLossFromEquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzUtMi0xLTEtMA_3aca1b5d-3666-4705-8cb8-47c1359935f2">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" name="us-gaap:IncomeLossFromEquityMethodInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzUtNC0xLTEtMA_0f2fed1c-a59d-4add-bb43-d3c5759195d2">848</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan extension fees</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" name="us-gaap:InterestAndFeeIncomeLoansAndLeases" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzYtMi0xLTEtNjQyOQ_97f6042c-0837-46a4-beb3-9f86509ae1a6">421</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:InterestAndFeeIncomeLoansAndLeases" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzYtNC0xLTEtNjQyOQ_5664d003-c23f-47e7-976e-4b81870780fb">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherNonoperatingIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzgtMi0xLTEtMA_d2fd8439-6986-4bca-b949-65e7a1d892b8">1,818</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherNonoperatingIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzgtNC0xLTEtMA_27aae2be-5e49-4a69-b351-d4b818ae48db">2,577</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other Income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzktMi0xLTEtMA_6103bf83-c35d-4fdb-a408-d3da463456b9">3,843</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzktNC0xLTEtMA_be4aebd4-b940-4a29-a08d-c86684b3f76b">2,928</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div></ix:nonNumeric></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">57</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_112"></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 21. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:OtherIncomeAndOtherExpenseDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90ZXh0cmVnaW9uOjViYjYyOWQ4ZDc4ZDQ5NmE5ZGJjYzc3NGRhNDcyY2MwXzIyMTc_6898d121-f551-4802-892d-46f8dbd7eed2" continuedAt="ia170f25b69f544ebaffc7dcc9f2d703a" escape="true">General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses</ix:nonNumeric></span></div><ix:continuation id="ia170f25b69f544ebaffc7dcc9f2d703a"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90ZXh0cmVnaW9uOjViYjYyOWQ4ZDc4ZDQ5NmE5ZGJjYzc3NGRhNDcyY2MwXzIyMTU_fe744444-8d7a-474a-827d-ebdabe5314db" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Components of our general and administrative expenses, loan acquisition costs, and other expenses for the three months ended March&#160;31, 2021 and 2020 are presented in the following table.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 21.1 &#8211; Components of General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:71.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.096%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">General and Administrative Expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fixed compensation expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FixedCompensationExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzMtMi0xLTEtMA_42db96f3-0335-4ca9-867f-368f89663bc3">11,805</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:FixedCompensationExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzMtNC0xLTEtMA_fc6836ff-f911-4483-888a-affffd366df0">14,684</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Annual variable compensation</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:VariableCompensationExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzQtMi0xLTEtMA_e1bc3ba0-b5db-4230-9880-fdadfae667b4">18,669</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" name="rwt:VariableCompensationExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzQtNC0xLTEtMA_b7ff34f3-832c-4041-a9e5-3b42b527f3d4">11</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Long-term incentive award expense </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AllocatedShareBasedCompensationExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzUtMi0xLTEtMA_743caee5-1c66-409e-af43-3f16a08b55c2">4,169</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AllocatedShareBasedCompensationExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzUtNC0xLTEtMA_e0b8a90c-4a13-4b0c-9b4b-f9fa88ca0dd5">1,995</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisition-related equity compensation expense </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:AcquisitionRelatedSharebasedPaymentArrangementExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzYtMi0xLTEtMA_f3882a88-df93-4366-9be1-4c88c96af114">1,212</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:AcquisitionRelatedSharebasedPaymentArrangementExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzYtNC0xLTEtMA_4c644350-09bc-4ecd-9577-8fa875163617">1,212</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Systems and consulting</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CommunicationsAndInformationTechnology" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzctMi0xLTEtMA_8e1ea6f4-a5df-43c3-9bb5-409a1369b0d6">2,977</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:CommunicationsAndInformationTechnology" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzctNC0xLTEtMA_b34cb4ff-a4e8-4707-a0b3-3f1563a0433f">3,212</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Office costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:OfficeCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzgtMi0xLTEtMA_9058a546-24c0-46d0-93d9-2f4b4ad7c795">1,808</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:OfficeCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzgtNC0xLTEtMA_d5aa8f11-ad3e-4a0e-879b-2907e4304101">2,108</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accounting and legal</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" name="us-gaap:ProfessionalFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzktMi0xLTEtMA_2e24f59a-b7eb-4cee-8817-115482708df6">714</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:ProfessionalFees" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzktNC0xLTEtMA_71658d74-d556-46c8-8baa-a5d582d2b9dd">2,216</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Corporate costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" name="us-gaap:OtherGeneralExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzEwLTItMS0xLTA_1ff020e7-b06f-4436-a308-e6d1c9191f65">691</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" name="us-gaap:OtherGeneralExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzEwLTQtMS0xLTA_d197b4df-048c-4db5-b5ed-6e00296bb851">671</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherGeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzExLTItMS0xLTA_bc8b901a-3f71-4b0a-89eb-a9bfd64e1799">1,506</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherGeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzExLTQtMS0xLTA_2d995b45-fbd9-4aa8-a286-2c179a49cdd4">2,573</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total General and Administrative Expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzEyLTItMS0xLTA_64a6b32b-f27c-470c-be2a-a65b6857ab1b">43,551</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzEyLTQtMS0xLTA_44ac56ea-3803-4c5c-bfe5-639f86ffb996">28,682</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Loan Acquisition Costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commissions</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:CommissionsOnLoanAcquisitions" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzE1LTItMS0xLTA_3cf4ffb1-834f-4051-bd8a-d0479f5bca13">1,263</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:CommissionsOnLoanAcquisitions" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzE1LTQtMS0xLTA_d83da978-9409-4ce3-905f-6ff282e61994">1,788</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Underwriting costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:UnderwritingCostsAssociatedWithLoanAcquisitions" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzE2LTItMS0xLTA_7af331ae-595d-47c5-852c-7d9d3dbb6741">1,685</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:UnderwritingCostsAssociatedWithLoanAcquisitions" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzE2LTQtMS0xLTA_2fb8e874-98ac-4a99-9b19-2c3b876df821">1,662</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfer and holding costs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" name="rwt:TransferAndHoldCostsAssociatedWithLoanAcquisitions" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzE3LTItMS0xLTA_cda740ba-e142-40a8-a741-300ce4a5a067">611</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" name="rwt:TransferAndHoldCostsAssociatedWithLoanAcquisitions" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzE3LTQtMS0xLTA_1b2534ae-1da6-4ee9-a56d-3fa883089f7c">536</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Loan Acquisition Costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzE5LTItMS0xLTA_8ccfeab3-c48a-44d4-bcc0-465b66094269">3,559</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzE5LTQtMS0xLTA_ae383196-3bda-441b-b804-181e70fef0b4">3,986</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other Expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill impairment expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:GoodwillImpairmentLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzIyLTItMS0xLTA_aa661029-8472-4577-bc51-1d51959fa9f6">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GoodwillImpairmentLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzIyLTQtMS0xLTA_24deb2d3-79fc-4b6c-bbfa-700b40d3af85">88,675</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization of purchase-related intangible assets </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:AmortizationofPurchaseRelatedIntangibleAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzIzLTItMS0xLTA_9b44521c-815e-406f-aeab-f7b15bb464cf">3,873</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:AmortizationofPurchaseRelatedIntangibleAssets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzIzLTQtMS0xLTA_979565da-2811-418f-bd55-8a314f3ade5b">4,309</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" name="us-gaap:OtherCostAndExpenseOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzI1LTItMS0xLTA_218bfc6a-d4c8-446b-b20c-72d7764bfa37">223</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherCostAndExpenseOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzI1LTQtMS0xLTA_a9a1f54b-4383-440e-9a9b-a59b8f75a106">1,569</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Other Expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzI2LTItMS0xLTA_22b7fb63-2c12-4e95-988b-b48bfddc5631">4,096</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingCostsAndExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzI2LTQtMS0xLTA_9de0f990-1bbe-4bde-95ef-da1123b69a48">91,415</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzI3LTItMS0xLTA_61531eb5-1ccd-40c6-93fa-02fd6ebb2644">51,206</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OperatingExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzI3LTQtMS0xLTA_36f8db86-64fe-40dc-be0d-b301e52fc77e">124,083</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For the three months ended March 31, 2021, long-term incentive award expense includes $<ix:nonFraction unitRef="usd" contextRef="i2443dec9784548d8930bc7008f341426_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:AllocatedShareBasedCompensationExpense" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90ZXh0cmVnaW9uOjViYjYyOWQ4ZDc4ZDQ5NmE5ZGJjYzc3NGRhNDcyY2MwXzEwOTk1MTE2MzY0MzE_9fb57071-74f2-4306-aac2-8050e702b4a5">3</ix:nonFraction> million of expense for awards settleable in shares of our common stock and $<ix:nonFraction unitRef="usd" contextRef="i3629adc160fe4ca28ba0767fff33ebc0_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:AllocatedShareBasedCompensationExpense" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90ZXh0cmVnaW9uOjViYjYyOWQ4ZDc4ZDQ5NmE5ZGJjYzc3NGRhNDcyY2MwXzEwOTk1MTE2MzY0NDg_81812ae8-398c-4d1a-93ae-b59c629b8518">1</ix:nonFraction> million of expense for awards settleable in cash.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Acquisition-related equity compensation expense relates to <ix:nonFraction unitRef="shares" contextRef="iaaaf4eecd8ab41c58405536f3a4e89c7_D20191015-20191015" decimals="INF" format="ixt:numdotdecimal" name="us-gaap:BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90ZXh0cmVnaW9uOjViYjYyOWQ4ZDc4ZDQ5NmE5ZGJjYzc3NGRhNDcyY2MwXzQwMQ_b93391e1-5d07-4242-9d40-e268b2c3240c">588,260</ix:nonFraction> shares of restricted stock that were issued to members of CoreVest management as a component of the consideration paid to them for our purchase of their interests in CoreVest. The grant date fair value of these restricted stock awards was $<ix:nonFraction unitRef="usd" contextRef="iaaaf4eecd8ab41c58405536f3a4e89c7_D20191015-20191015" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90ZXh0cmVnaW9uOjViYjYyOWQ4ZDc4ZDQ5NmE5ZGJjYzc3NGRhNDcyY2MwXzY0Mw_50261161-a437-476e-9eb3-364d24942b50">10</ix:nonFraction> million, which is being recognized as compensation expense over the <ix:nonNumeric contextRef="iaaaf4eecd8ab41c58405536f3a4e89c7_D20191015-20191015" format="ixt-sec:durwordsen" name="rwt:BusinessCombinationContingentConsiderationLiabilityTerm" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90ZXh0cmVnaW9uOjViYjYyOWQ4ZDc4ZDQ5NmE5ZGJjYzc3NGRhNDcyY2MwXzIyMzA_21726d46-74e9-4eaa-bb90-f850cc290499">two-year</ix:nonNumeric> vesting period on a straight-line basis in accordance with GAAP.</span></div></ix:nonNumeric></ix:continuation><div style="margin-top:6pt;text-align:justify"><span><br/></span></div><div style="margin-top:12pt"><span><br/></span></div><div style="margin-top:12pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">58</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_115"></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 22. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:IncomeTaxDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90ZXh0cmVnaW9uOjlmMjNhNjlmY2I1ZDRmYjhhM2IwM2Y0MGVmNzY5MDYyXzk4Ng_099122d2-e6fe-4e01-904e-fb2386c9055b" continuedAt="i160c6212323048e5958f6951d00cf43e" escape="true">Taxes</ix:nonNumeric></span></div><ix:continuation id="i160c6212323048e5958f6951d00cf43e"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the three months ended March&#160;31, 2021 and 2020, we recognized a provision for income taxes of $<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-6" format="ixt:numdotdecimal" name="us-gaap:IncomeTaxExpenseBenefit" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90ZXh0cmVnaW9uOjlmMjNhNjlmY2I1ZDRmYjhhM2IwM2Y0MGVmNzY5MDYyXzk0_2e4f543b-4cf8-4700-b496-9358ef3e5267">12</ix:nonFraction> million and a benefit from income taxes of $<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-6" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeTaxExpenseBenefit" scale="6" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90ZXh0cmVnaW9uOjlmMjNhNjlmY2I1ZDRmYjhhM2IwM2Y0MGVmNzY5MDYyXzEzNA_5e46fa64-0975-4a77-b903-1728568b654a">22</ix:nonFraction> million, respectively. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90ZXh0cmVnaW9uOjlmMjNhNjlmY2I1ZDRmYjhhM2IwM2Y0MGVmNzY5MDYyXzk4Mw_c3fbad5e-42e3-493c-947d-c5db5ab4e8ec" continuedAt="i7f3233bbd4f44890a6b10d495c73602f" escape="true">The following is a reconciliation of the statutory federal and state tax rates to our effective tax rate at March&#160;31, 2021 and 2020.</ix:nonNumeric></span></div><ix:continuation id="i7f3233bbd4f44890a6b10d495c73602f"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 22.1 &#8211; Reconciliation of Statutory Tax Rate to Effective Tax Rate</span></div><div style="margin-bottom:5pt;margin-top:17pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:62.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.541%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Federal statutory rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="INF" name="us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzEtMi0xLTEtMA_337eba01-d15d-4183-a595-d2b1f75da310">21.0</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="INF" name="us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzEtNC0xLTEtMA_b665713d-c976-4011-aede-3c5be341447a">21.0</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">State statutory rate, net of Federal tax effect</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzItMi0xLTEtMA_4e3378c2-98b7-42a1-9d36-e028b5f39fbc">8.6</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzItNC0xLTEtMA_74f10bca-8719-4def-8082-75f3fd2c4260">8.6</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Differences in taxable (loss) income from GAAP income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="number" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationDeductions" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzMtMi0xLTEtMA_ecaaed63-470d-4161-9a46-cfc2eeee5210">12.5</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="number" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationDeductions" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzMtNC0xLTEtMA_ece40ba9-d2fc-496f-9faa-5821353b6a44">25.9</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in valuation allowance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="number" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="3" sign="-" name="us-gaap:EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzQtMi0xLTEtMA_e92bf9b6-7aad-443f-9e91-b274e0cfe94d">3.7</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="number" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="3" sign="-" name="us-gaap:EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzQtNC0xLTEtMA_90624fd5-6ee4-4ff3-a679-cf735c42c000">2.5</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dividends paid deduction </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="number" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationDeductionsDividends" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzUtMi0xLTEtMA_ef358895-a56c-40af-922b-cda2ca25e173">2.8</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="3" sign="-" name="us-gaap:EffectiveIncomeTaxRateReconciliationDeductionsDividends" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzUtNC0xLTEtMA_c914abe6-b734-4ade-b054-1bfbf5ee1411">1.1</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Effective Tax Rate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="3" name="us-gaap:EffectiveIncomeTaxRateContinuingOperations" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzYtMi0xLTEtMA_2015aea8-e0ad-4826-93dc-c2b271bf7aec">10.6</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="3" name="us-gaap:EffectiveIncomeTaxRateContinuingOperations" scale="-2" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzYtNC0xLTEtMA_c69adaa3-b705-4c40-96b5-1570afa7a7ac">2.3</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We assessed our tax positions for all open tax years (i.e., Federal, 2017 to 2021, and State, 2016 to 2021) at March&#160;31, 2021 and December&#160;31, 2020, and concluded that we had no uncertain tax positions that resulted in material unrecognized tax benefits.</span></div></ix:continuation><div id="ibbb1cfc257ec4428ade8d1d12a26495b_118"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 23. <ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:SegmentReportingDisclosureTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90ZXh0cmVnaW9uOjM1YjcxNjVmZWQ3ZTRhZTc4YWNjYjY3MmE4ZGFmMjk4XzU4NDc_a2ecf5e6-493e-4182-b254-3bbfdeb11983" continuedAt="i20778c78ce554ea9b31726273eeaa21e" escape="true">Segment Information</ix:nonNumeric></span></div><ix:continuation id="i20778c78ce554ea9b31726273eeaa21e" continuedAt="i2e885254cbd74bf19ee0950b6cb28a29"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood operates in <ix:nonFraction unitRef="segment" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="INF" format="ixt-sec:numwordsen" name="us-gaap:NumberOfOperatingSegments" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90ZXh0cmVnaW9uOjM1YjcxNjVmZWQ3ZTRhZTc4YWNjYjY3MmE4ZGFmMjk4XzU0_9066523b-cd89-4200-849a-e2ded1fcebd0">three</ix:nonFraction> segments: Residential Lending, Business Purpose Lending, and Third-Party Investments. For a full description of our segments, see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Part I, Item 1&#8212;Business </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in our Annual Report on Form 10-K for the year ended December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Segment contribution represents the measure of profit that management uses to assess the performance of our business segments and make resource allocation and operating decisions. Certain corporate expenses not directly assigned or allocated to one of our <ix:nonFraction unitRef="segment" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="INF" format="ixt-sec:numwordsen" name="us-gaap:NumberOfOperatingSegments" scale="0" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90ZXh0cmVnaW9uOjM1YjcxNjVmZWQ3ZTRhZTc4YWNjYjY3MmE4ZGFmMjk4XzQ5MTY_9066523b-cd89-4200-849a-e2ded1fcebd0">three</ix:nonFraction> segments, as well as activity from certain consolidated Sequoia entities, are included in the Corporate/Other column as reconciling items to our consolidated financial statements. These unallocated corporate expenses primarily include interest expense and realized gains from the repurchase of our convertible notes and trust preferred securities, indirect general and administrative expenses and other expense. </span></div></ix:continuation><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">59</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 23. Segment Information - (continued)</span></div></div><ix:continuation id="i2e885254cbd74bf19ee0950b6cb28a29" continuedAt="ie1e1bf62c2bf49baa111d3e133063b26"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90ZXh0cmVnaW9uOjM1YjcxNjVmZWQ3ZTRhZTc4YWNjYjY3MmE4ZGFmMjk4XzU4NDU_718ac876-544a-4bd9-b17a-714f979efbfa" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following tables present financial information by segment for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 23.1 &#8211; Business Segment Financial Information </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.434%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential Lending</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Business Purpose Lending</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Third-Party Investments</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Corporate/<br/>Other </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzItMi0xLTEtMA_68b9bb79-a59c-430b-a4cf-91a669cec8bf">27,548</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzItNC0xLTEtMA_8306cd3c-c3cb-459f-ae12-51632953d375">64,405</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzItOC0xLTEtMA_a1ba3fc1-1909-46a4-9b15-b6df5517a9ff">34,990</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzItMTAtMS0xLTA_6c1d779d-ee6e-497a-b5e2-727f01b360b2">1,362</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzItMTItMS0xLTA_e3fdcfc9-34f0-4609-b84c-6a5039b32fd3">128,305</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzMtMi0xLTEtMA_48c70780-7a15-4d77-b637-188ac10fe3f1">19,037</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzMtNC0xLTEtMA_e2c7159a-d56b-4f4d-89cf-f68016690803">50,075</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzMtOC0xLTEtMA_bffaa655-d314-429a-918c-3c24c5f1dd0d">23,179</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzMtMTAtMS0xLTA_d72ed493-ad3a-4341-a650-57891e62671d">10,261</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzMtMTItMS0xLTA_3294aa5d-c0e0-4732-9baf-eaf8aa3fa5e3">102,552</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzQtMi0xLTEtMA_78c5dabe-0e15-4065-b5d0-e880334f7a7a">8,511</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzQtNC0xLTEtMA_d4dbfb2b-822b-4fc9-be7b-7f2b5ba4c011">14,330</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzQtOC0xLTEtMA_7d197286-d7e6-490a-8693-7fc8b7ab4cec">11,811</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzQtMTAtMS0xLTA_52473f38-cb8a-46f0-b778-c6d2ce65da92">8,899</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzQtMTItMS0xLTA_41cf519e-3d4f-4f86-94a4-f4948d586b1b">25,753</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-interest income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage banking activities, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzYtMi0xLTEtMA_0368b3dc-048e-47f1-aa35-af53078ee511">61,435</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzYtNC0xLTEtMA_aa8b6fa8-4398-4e0c-b837-aa514e145fed">21,172</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzYtOC0xLTEtMA_3f72d20a-537f-422b-a6dc-31b88d30482f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzYtMTAtMS0xLTA_63963bae-f5cb-42c0-9ad7-502eed801bca">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzYtMTItMS0xLTA_b5779b80-7354-48b4-9476-609433b3c7c4">82,607</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzctMi0xLTEtMA_730ae12b-c9be-4ee8-bc9e-85fcf143a5fb">2,746</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzctNC0xLTEtMA_4f2e0066-ee01-49d6-98aa-42b135db8ddb">3,299</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzctOC0xLTEtMA_9f225ae5-4806-43f9-b256-970da898364a">39,716</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzctMTAtMS0xLTA_522d0eca-d16e-4a9a-8a73-3df808ad3a26">674</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzctMTItMS0xLTA_98c0d132-545c-498b-a51f-fb88afa9181a">45,087</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherOperatingIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzgtMi0xLTEtMA_5aa50488-816d-4765-a0a7-932981892586">2,853</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331" decimals="-3" name="us-gaap:OtherOperatingIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzgtNC0xLTEtMA_83886258-2539-43d8-9f0e-62ba0ecee369">843</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherOperatingIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzgtOC0xLTEtMA_7876ca33-fa51-457b-84c7-716bcee63faa">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" name="us-gaap:OtherOperatingIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzgtMTAtMS0xLTA_d3d91201-93a5-4084-b416-599e93706abb">147</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherOperatingIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzgtMTItMS0xLTA_c9296973-7eee-4878-8ce5-5cdabfaa9ec2">3,843</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized gains, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealizedInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzktMi0xLTEtMA_de1c0b95-04d2-409a-9fbf-102787612938">2,408</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331" decimals="-3" name="us-gaap:RealizedInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzktNC0xLTEtMA_31192f5f-60b0-49e5-b386-2d24f8397321">108</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331" decimals="-3" name="us-gaap:RealizedInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzktOC0xLTEtMA_e18a01bb-c14e-4c13-ba78-e127d80c4ed3">200</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:RealizedInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzktMTAtMS0xLTA_a2347c60-49f3-4954-9e68-8ab051a39a07">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealizedInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzktMTItMS0xLTA_1292130b-aa55-4736-b41b-0679b65e84f0">2,716</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total non-interest income (loss), net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEwLTItMS0xLTA_5561c97b-2434-459c-9f94-701bd2bbb1a9">69,442</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEwLTQtMS0xLTA_2c470991-1944-4fd0-8829-9de7b1e992a4">25,422</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEwLTgtMS0xLTA_b24eda9b-757f-4a2e-890a-72d9bb281d18">39,916</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEwLTEwLTEtMS0w_c724888c-b5e1-4f9e-94ec-a7ad015681b9">527</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEwLTEyLTEtMS0w_1c0c6401-f7ef-473d-ba26-56bb177087dd">134,253</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzExLTItMS0xLTA_98f1ec4c-e6f8-4c30-9517-de6d113049d6">13,757</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzExLTQtMS0xLTA_9eb8e755-b38c-417f-b0b6-ed8c23679811">11,159</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzExLTgtMS0xLTA_db329186-c4ea-41de-b762-33f9d6c7a1e5">1,131</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzExLTEwLTEtMS0w_546a4bef-cb45-49e7-a17d-b6635c4358bd">17,504</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzExLTEyLTEtMS0w_ce043ba4-bd20-4bcf-a076-97f655755605">43,551</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan acquisition costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEyLTItMS0xLTA_b86c3e49-c9d5-412f-b1a4-80b99ad8706c">1,416</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEyLTQtMS0xLTA_de95dc31-1d81-4c65-a32e-cf24dc79b3e4">2,052</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331" decimals="-3" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEyLTgtMS0xLTA_7695ce1f-f676-4afc-8ba7-131d18423514">87</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEyLTEwLTEtMS0w_cc1e7933-594a-4e30-880b-4ea9108e80c9">4</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEyLTEyLTEtMS0w_e2cb4b37-5ab8-4f2c-8ac6-91423b0c6b49">3,559</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331" decimals="-3" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEzLTItMS0xLTA_ba6ce0d9-a42f-4f04-9b8f-e3d864476634">6</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEzLTQtMS0xLTA_7a36a4a8-b8d2-43ff-b792-617ad33c814c">3,777</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331" decimals="-3" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEzLTgtMS0xLTA_1cc60e06-271d-4629-9929-33dbec0e1022">330</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEzLTEwLTEtMS0w_017ff403-f7c9-48af-b1d4-f604df8b9c05">17</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEzLTEyLTEtMS0w_713fb19f-6679-4c57-90ac-0f99f09638cc">4,096</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Provision for income taxes</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IncomeTaxExpenseBenefit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE0LTItMS0xLTA_de75bf3c-af8d-4312-8bac-871aecfe583f">9,979</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IncomeTaxExpenseBenefit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE0LTQtMS0xLTA_1ec9bd64-1c47-4a0b-a17d-2927dede4e93">1,321</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331" decimals="-3" name="us-gaap:IncomeTaxExpenseBenefit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE0LTgtMS0xLTA_2f9b0da7-194a-4960-bfe7-8199c8e9c7b5">243</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:IncomeTaxExpenseBenefit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE0LTEwLTEtMS0w_67166639-1155-4dad-b8c8-38652a8908bf">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IncomeTaxExpenseBenefit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE0LTEyLTEtMS0w_f57ee79e-945c-46e7-b68c-15f379de81a8">11,543</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Segment Contribution</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE1LTItMS0xLTA_c538afaa-373a-40db-beab-7f8b49714a4e">52,795</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE1LTQtMS0xLTA_15537889-9743-4866-a365-100a24548d41">21,443</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE1LTgtMS0xLTA_de0e5b6d-def5-42f0-8601-eca9e658853b">49,936</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE1LTEwLTEtMS0w_a5108345-d82f-4ca1-9ad0-3b5ef54961cb">26,917</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE2LTEyLTEtMS0w_f2259f11-d7dd-49a6-998d-f6d96d237534">97,257</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-cash amortization (expense) income, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:AdjustmentForAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE3LTItMS0xLTA_80789ab3-44ec-4bc7-8fbd-486e4170ca5a">1,666</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:AdjustmentForAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE3LTQtMS0xLTA_c56b0979-2326-4a91-aeb1-f7562fab8807">5,857</ix:nonFraction>)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:AdjustmentForAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE3LTgtMS0xLTA_67b68bdf-7b39-404c-b7d3-fa3ff50eafde">144</ix:nonFraction>)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:AdjustmentForAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE3LTEwLTEtMS0w_9df66fec-2d49-44fb-b613-f9e484084b77">1,895</ix:nonFraction>)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:AdjustmentForAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE3LTEyLTEtMS0w_410c3335-cf72-497d-a731-811170272758">6,230</ix:nonFraction>)</span></td><td style="border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt;text-align:center"><span><br/></span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.434%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential Lending</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Business Purpose Lending</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Third-Party Investments</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Corporate/<br/>Other </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzMtMi0xLTEtMA_c9132c7e-17d6-4772-95a0-4c3d6c56430f">60,631</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzMtNC0xLTEtMA_dd932308-ea7f-4b0d-a1ad-a01051a54e84">53,060</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzMtOC0xLTEtMA_423af0d5-7b3a-4659-8f0c-f4c23d7762e7">81,196</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzMtMTAtMS0xLTA_58dbc804-f535-4d64-9ed3-f2cac7527d4c">3,194</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzMtMTItMS0xLTA_7d3bb1f0-4d6d-47f4-9cc8-0f190a11eed7">198,081</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzQtMi0xLTEtMA_17fd06df-c58e-4180-be86-e07f8003f790">37,562</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzQtNC0xLTEtMA_b7a0437b-4fe9-445f-8ef4-b59771e35d3e">32,353</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzQtOC0xLTEtMA_7d6c6f07-9fe2-4e9b-a3de-7b3eb79394f6">62,501</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzQtMTAtMS0xLTA_d788f2fe-a78e-4391-89ce-046665b379a7">14,255</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzQtMTItMS0xLTA_0fdefae3-0f20-46f5-ab15-c1a7db0095d2">146,671</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzUtMi0xLTEtMA_d86615d5-9d7e-4e9f-a0e4-04327a41d46e">23,069</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzUtNC0xLTEtMA_6fbb4056-39b3-46b5-9463-ee5ce6df93fc">20,707</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzUtOC0xLTEtMA_c5fd608e-1c38-4ced-b400-3d3558642042">18,695</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzUtMTAtMS0xLTA_c646143b-fc6d-4e32-a409-64846862ea98">11,061</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzUtMTItMS0xLTA_5ebf7a68-54c7-4a27-9d90-57b585f0d8db">51,410</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-interest income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage banking activities, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzctMi0xLTEtMA_787fc67b-dcfb-4576-bc93-19ce64e9bc63">23,081</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzctNC0xLTEtMA_7ce0a439-bb52-4c85-adea-e6f931ed78f3">5,821</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzctOC0xLTEtMA_94db6f20-24c4-46cd-81a8-eb23038ac136">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzctMTAtMS0xLTA_4dabeaee-5a8b-45da-a3fd-0c02742969cf">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="rwt:MortgageBankingActivitiesNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzctMTItMS0xLTA_2bebd9fb-bd9f-4084-80d7-afbe4f40fa16">28,902</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzgtMi0xLTEtMA_a82ae53e-e90e-476f-82ac-7c4bccb03335">196,635</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzgtNC0xLTEtMA_0bf0deb4-92a2-484d-acda-b57648f010f8">142,130</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzgtOC0xLTEtMA_4483f0a4-6d0f-441f-82d1-bbcab7efe125">531,558</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" sign="-" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzgtMTAtMS0xLTA_f1d33638-688d-4376-aeeb-017a6d36a164">509</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzgtMTItMS0xLTA_24bb137c-eed9-4b20-b8b0-cbfed0079108">870,832</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331" decimals="-3" sign="-" name="us-gaap:OtherOperatingIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzktMi0xLTEtMA_baf20bde-268e-4eeb-b854-aa938fea2517">497</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherOperatingIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzktNC0xLTEtMA_50ad084d-005d-4615-8d26-f431b5df2915">2,184</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherOperatingIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzktOC0xLTEtMA_c47a7f71-f58e-48ca-89cb-19ba38e44936">1,241</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherOperatingIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzktMTAtMS0xLTA_50ed5565-b7f6-4f62-8054-cd0bc3724585">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherOperatingIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzktMTItMS0xLTA_5caca62c-c520-462d-98ff-b144d5982b4c">2,928</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized gains, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealizedInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEwLTItMS0xLTA_70702ee9-f1b1-4139-b4d7-97c2715115b2">1,796</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:RealizedInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEwLTQtMS0xLTA_129ccc9d-f7ce-478d-9cf1-d5a6f08b6490">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealizedInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEwLTgtMS0xLTA_e27c9f28-10d0-4a8c-9861-b8078fa25a46">2,056</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:RealizedInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEwLTEwLTEtMS0w_4379542c-6b5b-4e82-bb3a-cfd216dc1910">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:RealizedInvestmentGainsLosses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEwLTEyLTEtMS0w_1f122b2b-0150-42e0-ac9a-8538bea5036b">3,852</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total non-interest income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzExLTItMS0xLTA_8edbafca-405f-464c-b3a9-97b2edc9d781">218,417</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzExLTQtMS0xLTA_4c8e6835-cac0-4b21-81ff-1c53d9fc48f6">145,767</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzExLTgtMS0xLTA_f3567877-3d49-4bac-9a54-67a5313fcbc2">528,261</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" sign="-" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzExLTEwLTEtMS0w_3a780138-20ed-418a-966b-71e041057b83">509</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzExLTEyLTEtMS0w_1cdd865d-702b-4069-b844-ea91edc8da9d">892,954</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEyLTItMS0xLTA_0f41cc19-4e39-4fdb-af58-5a1eb1a5d882">4,599</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEyLTQtMS0xLTA_1bdb6d2d-a0d3-43dc-b709-42d5c590a5ab">11,640</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEyLTgtMS0xLTA_55f94855-ebf4-4ae7-af5a-4b2ed0cc7e19">1,535</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEyLTEwLTEtMS0w_ee4fa943-0f09-4409-9f18-fc1f378016d7">10,908</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEyLTEyLTEtMS0w_52b8e7bb-ea82-4927-92dd-a30e997e1c1f">28,682</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan acquisition costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEzLTItMS0xLTA_10712537-9a25-47d8-8432-92a8e822278c">1,033</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEzLTQtMS0xLTA_37cc2ab4-9eac-4994-ac21-14d777592ddf">2,693</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331" decimals="-3" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEzLTgtMS0xLTA_65172a95-2eef-46a3-ae86-142131a89be7">253</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEzLTEwLTEtMS0w_e7dd88a0-d90a-44de-98f1-688c55a3410d">7</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEzLTEyLTEtMS0w_75efbc13-f171-4fa2-824e-56f8b9bfa517">3,986</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE0LTItMS0xLTA_de6d5cd3-10e7-4912-b836-90894e70e232">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE0LTQtMS0xLTA_9539e859-9eaf-4af1-9153-82875639f20f">92,985</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE0LTgtMS0xLTA_13037908-8e91-4cf6-823d-0eef8c312a66">1,882</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE0LTEwLTEtMS0w_4a362d78-8447-4755-95e0-849fe9ce7d19">312</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE0LTEyLTEtMS0w_b028c388-454f-4e88-bad6-a920383f46d4">91,415</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Benefit from income taxes</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeTaxExpenseBenefit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE1LTItMS0xLTA_58db7ab8-cb47-425f-b930-3393495ee045">5,330</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeTaxExpenseBenefit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE1LTQtMS0xLTA_bb11ed48-7872-4416-9cb4-864301be3eb5">6,582</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeTaxExpenseBenefit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE1LTgtMS0xLTA_4bb6f067-7436-4e12-8a55-adf4014371da">10,317</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:IncomeTaxExpenseBenefit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE1LTEwLTEtMS0w_4102aef1-8fbd-482a-982d-271a298ce583">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:IncomeTaxExpenseBenefit" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE1LTEyLTEtMS0w_816058df-b972-4ea3-8cdd-e78b12723b8b">22,229</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Segment Contribution</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE2LTItMS0xLTA_0dd00cf4-2c17-4e60-910b-ab7eb1a632ae">195,650</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE2LTQtMS0xLTA_9c0418b3-5d1b-4c9e-8ce6-495dd3ff918d">225,796</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE2LTgtMS0xLTA_651610d1-89d1-464a-a655-cfd39549a962">499,155</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE2LTEwLTEtMS0w_60384f04-071d-4beb-8099-3677a81b8dac">22,797</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Loss</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE3LTEyLTEtMS0w_dcb2c00f-fff2-481c-9142-e8361db9f9c3">943,398</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-cash amortization income (expense), net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331" decimals="-3" name="us-gaap:AdjustmentForAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE4LTItMS0xLTA_ba6f8b23-631c-4cdb-aef2-b0c1f5f4ba9e">367</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:AdjustmentForAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE4LTQtMS0xLTA_cb4faff7-9d1f-4315-b7dc-3295305706de">5,363</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331" decimals="-3" name="us-gaap:AdjustmentForAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE4LTgtMS0xLTA_22c6737c-52c3-4e94-bd2f-ccb2f1171508">866</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" sign="-" name="us-gaap:AdjustmentForAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE4LTEwLTEtMS0w_42362f84-aa56-4a12-b802-423019ce5ce5">367</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:AdjustmentForAmortization" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE4LTEyLTEtMS0w_aab30bb4-c957-42de-9c00-322339f52d5b">4,497</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other significant non-cash expense: goodwill impairment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:GoodwillImpairmentLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE5LTItMS0xLTIxNTU_5aae7553-f9ef-4ed2-bab8-c46a4061428f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GoodwillImpairmentLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE5LTQtMS0xLTIxNTU_710b93bd-a78d-4199-81c6-1e651c741c58">88,675</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:GoodwillImpairmentLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE5LTYtMS0xLTIxNTU_ce02c5a4-6ef2-40db-b72f-c2da09c51953">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:GoodwillImpairmentLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE5LTgtMS0xLTIxNTU_140293c3-8b8a-429c-a726-e0befa157e17">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GoodwillImpairmentLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE5LTEwLTEtMS00MDY5_9beabf1f-f3b3-410a-92e3-59f937ca499b">88,675</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">60</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:117pt;width:100%"><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC. AND SUBSIDIARIES </span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">March&#160;31, 2021</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited) </span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 23. Segment Information - (continued)</span></div></div><ix:continuation id="ie1e1bf62c2bf49baa111d3e133063b26"><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:ScheduleOfCorporateAndOtherTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90ZXh0cmVnaW9uOjM1YjcxNjVmZWQ3ZTRhZTc4YWNjYjY3MmE4ZGFmMjk4XzU4Mzk_17b54838-a3d7-41d0-90a7-5509712708ab" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the components of Corporate/Other for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 23.2 &#8211; Components of Corporate/Other </span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:29.637%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.582%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.331%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.331%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.582%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.331%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.336%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="33" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy Consolidated VIEs </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy Consolidated VIEs </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzMtMi0xLTEtMA_59d020df-a42b-48af-8ea6-57067fbeccec">1,348</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331" decimals="-3" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzMtNC0xLTEtMA_b0f6f58e-7354-4e25-bcfc-b6149ed3262e">14</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzMtNi0xLTEtMA_32f16911-2c16-4d13-9921-e2a4732fdebd">1,362</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzMtOC0xLTEtMA_c3b273e7-cad5-46aa-a97d-53d2037833c4">3,194</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzMtMTAtMS0xLTA_1573bc96-a0fa-4ea2-a0d9-0d2ae5367799">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestAndDividendIncomeOperating" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzMtMTItMS0xLTA_3faa9489-18f3-4d2f-94d3-27d7755d16b7">3,194</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331" decimals="-3" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzQtMi0xLTEtMA_4b61c6d5-3c9e-4318-b97e-7e7b117b34b6">875</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzQtNC0xLTEtMA_e5d2ed9b-cdad-44ac-af0a-819445ba1659">9,386</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzQtNi0xLTEtMA_0c13e844-833d-475b-9b2b-70f58fcec74b">10,261</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzQtOC0xLTEtMA_c3d74b52-bbf1-473e-8e52-b5657c4a097b">2,522</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzQtMTAtMS0xLTA_9f68accf-2870-4a56-b172-37fb09ee155e">11,733</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:InterestExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzQtMTItMS0xLTA_70b81570-26a0-4cb8-b66f-d5f2b6051da8">14,255</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331" decimals="-3" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzUtMi0xLTEtMA_98723aee-81d0-48fd-9135-db8174333c42">473</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzUtNC0xLTEtMA_425c124b-172e-4d5e-8861-59560ebb1d6d">9,372</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzUtNi0xLTEtMA_9ea6c057-8797-42bc-be46-e84e6187849d">8,899</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331" decimals="-3" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzUtOC0xLTEtMA_1fda13c6-2bf3-426e-a5eb-1ff57c89f0fd">672</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzUtMTAtMS0xLTA_bb7308b3-fec7-4be0-81b8-b67ec5eb0ece">11,733</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:InterestIncomeExpenseNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzUtMTItMS0xLTA_76cbe832-447f-4322-876a-36087e4bfa37">11,061</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-interest income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzgtMi0xLTEtMA_83d631ce-5519-4149-be0a-c7f36f56f1bd">699</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331" decimals="-3" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzgtNC0xLTEtMA_57914697-543a-48d5-bc2b-a7407d1f6388">25</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzgtNi0xLTEtMA_bf61ea3a-5137-44f4-af9c-f5073a5feec2">674</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331" decimals="-3" sign="-" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzgtOC0xLTEtMA_994dcbdf-7899-4dbb-9b87-a66b3ed21a66">391</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331" decimals="-3" sign="-" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzgtMTAtMS0xLTA_4fdfee6a-de11-4cb1-ab37-0bc5722edf70">118</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" sign="-" name="us-gaap:UnrealizedGainLossOnInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzgtMTItMS0xLTA_5de178a2-59dd-497d-b7ed-6d1e0bf48c29">509</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherNonoperatingIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzktMi0xLTEtMA_0d10e434-71c7-4a74-9e87-ba4f10d869db">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331" decimals="-3" name="us-gaap:OtherNonoperatingIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzktNC0xLTEtMA_ad253525-60e6-465e-a0d2-a5347b02f05c">147</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" name="us-gaap:OtherNonoperatingIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzktNi0xLTEtMA_637ec257-2492-4af8-a240-4167f3ce93b7">147</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherNonoperatingIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzktOC0xLTEtMA_e65862ef-32b3-444d-ae62-6ce9e4ac4a35">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherNonoperatingIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzktMTAtMS0xLTA_ccd41617-94b8-4f6f-aa85-e259ea81dbf4">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherNonoperatingIncomeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzktMTItMS0xLTA_9f3c78bf-6486-4c29-af2f-c0e64d11cf48">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total non-interest income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzExLTItMS0xLTA_90178c1d-a2d6-47ee-91eb-ed13b4ebae2d">699</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331" decimals="-3" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzExLTQtMS0xLTA_64121295-ba60-444d-a996-865f24b2b581">172</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzExLTYtMS0xLTA_68cc557f-7285-40e8-a177-e301f951d59e">527</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331" decimals="-3" sign="-" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzExLTgtMS0xLTA_53b63a56-faca-4103-94db-54fa8f58fa47">391</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331" decimals="-3" sign="-" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzExLTEwLTEtMS0w_8bc7ab01-7326-4c82-89b5-411d8db1bfd5">118</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" sign="-" name="us-gaap:NoninterestIncome" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzExLTEyLTEtMS0w_ee0acb4f-7c17-45d0-ac68-2e089fbb7792">509</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEyLTItMS0xLTA_63a9212f-e5e8-4c76-bff9-055d6ffcbecd">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEyLTQtMS0xLTA_8f690c4e-1532-4413-a0ee-a5a9cd07d793">17,504</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEyLTYtMS0xLTA_c89bd126-e45c-44a3-bacf-8f0ebd987a4b">17,504</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEyLTgtMS0xLTA_031c5aa3-d4a8-4708-bae5-9c595f1dc29a">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEyLTEwLTEtMS0w_91c2456d-3038-4dc2-ab4f-a4e2298c14c0">10,908</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:GeneralAndAdministrativeExpense" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEyLTEyLTEtMS0w_5317cce7-c7b9-4f1b-a353-779d5585dac9">10,908</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan acquisition costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEzLTItMS0xLTA_5f3b801f-c12b-42c2-999c-fac20d77c46c">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331" decimals="-3" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEzLTQtMS0xLTA_2da1cf8d-2e49-4fb0-bc1f-1d2479a6122e">4</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEzLTYtMS0xLTA_b4e7c5e7-2e41-466a-a8a1-d44f47b7f2c2">4</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEzLTgtMS0xLTA_b907854b-3fe2-432e-b215-e545e2462148">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331" decimals="-3" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEzLTEwLTEtMS0w_869b1e13-a02e-40e2-ac7e-7d27694bc763">7</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" name="rwt:LoanAcquisitionCosts" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEzLTEyLTEtMS0w_8205805b-cc34-4865-ad60-b7e34a4e733b">7</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE0LTItMS0xLTA_109661b8-1cdd-4e01-8fb9-1b77d0ac929f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE0LTQtMS0xLTA_a3c34246-69ea-40fe-9194-fc00504c8bb9">17</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE0LTYtMS0xLTA_b9bd3839-3480-4c0c-8d2c-e0da16fbb25e">17</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331" decimals="-3" format="ixt:zerodash" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE0LTgtMS0xLTA_723aa936-1687-4c63-960e-e5e475c6a9d8">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331" decimals="-3" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE0LTEwLTEtMS0w_a5c1d427-022b-406c-a32e-9f800b6b59ba">312</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" name="us-gaap:OtherExpenses" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE0LTEyLTEtMS0w_b29877a6-c30d-45ce-aaae-04ccb5c8accd">312</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331" decimals="-3" sign="-" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE2LTItMS0xLTA_1938934a-0c98-4311-9f05-1a72f0b9b021">226</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE2LTQtMS0xLTA_92ebc3db-3311-4a30-a878-d3c1578727cc">26,691</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE2LTYtMS0xLTA_baf712bc-3f9b-46e2-a348-3cb87fbf0b50">26,917</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331" decimals="-3" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE2LTgtMS0xLTA_4b643956-fc24-43cb-a192-60a78f873763">281</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE2LTEwLTEtMS0w_e0071b59-d4a8-4f32-a997-9ec9ae44b190">23,078</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331" decimals="-3" sign="-" format="ixt:numdotdecimal" name="us-gaap:NetIncomeLoss" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE2LTEyLTEtMS0w_9f355edc-39a9-43d0-82f6-cb59cc050ce8">22,797</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1) &#160;&#160;&#160;&#160;Legacy consolidated VIEs represent Legacy Sequoia entities that are consolidated for GAAP financial reporting purposes. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion on VIEs.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331" name="rwt:SupplementalBalanceSheetTableTextBlock" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90ZXh0cmVnaW9uOjM1YjcxNjVmZWQ3ZTRhZTc4YWNjYjY3MmE4ZGFmMjk4XzU4NDQ_b392a5c4-3599-44fe-bcc0-e7610565604f" escape="true"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents supplemental information by segment at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 23.3 &#8211; Supplemental Segment Information </span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.434%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential Lending</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Business Purpose Lending</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Third-Party Investments</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Corporate/<br/>Other</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i0b446577062a4b498b7f4f342974e923_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzItMi0xLTEtMA_33e90c3c-40c1-4ec9-b240-3d4be08c1535">2,272,624</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i5d1f02cf9b1243ad94655747a74be819_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzItNC0xLTEtMA_1546d5da-c2c2-4c45-b455-b60c095b274b">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i2b98a328bc604feb959d36b2251946f6_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzItOC0xLTEtMA_f1335a98-fcf4-4516-99b7-c4f66c693cef">2,154,351</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ic50816f73586464a9d7f8c5a858e0c15_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzItMTAtMS0xLTA_39ed2d87-d2bf-4aad-9d03-d77e2c892f8e">274,861</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3f4eed86e22440d5b938d23d71da2c6c_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzItMTItMS0xLTA_7d56cf22-36dc-4862-81d7-6ce721130a56">4,701,836</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4381d3685a4b4726a635a5fe2309387a_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzMtMi0xLTEtMA_d85449a1-2127-433a-bc0b-1f48cefc5998">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4a4c70436864fbea74556e381638ab6_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzMtNC0xLTEtMA_551c8d27-7fa4-457d-a7ea-b8c14fae352a">4,172,120</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i449dffa3d4f24cf4aa503dd5c6507d6f_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzMtOC0xLTEtMA_9f155343-d4aa-4594-9d9c-0fbc222d6a79">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i6920f9c081964173bf899340802ad329_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzMtMTAtMS0xLTA_216e5689-edc7-43b7-b9b7-724a47dc73eb">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib856867539264825b5a130dcb087aa05_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzMtMTItMS0xLTA_520fc9dd-b9c8-429f-9e62-3c424e1bcad4">4,172,120</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i11cd84a1563148b4a3558e228aad19a0_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzQtMi0xLTEtMA_a426accd-afdd-4eba-9880-06cb23bb5ac5">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i74aafb79552c463da71ec67ea649f625_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzQtNC0xLTEtMA_74cbb6e2-dd8c-4eb2-8803-04b7745ef1da">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i641afe241dcc40e0aa07e9c1c8ec62e1_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzQtOC0xLTEtMA_6f4c5dd2-0663-428b-bb91-feb898087baf">489,545</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i107ec6590e684739b07db4d71d869b4d_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzQtMTAtMS0xLTA_5c7bd16d-f257-47cd-bccd-1ce7e7e4fb1b">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i964438647d194aa7ac324fb9833aaea2_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzQtMTItMS0xLTA_0bcc1725-3cfc-4016-b672-5d2332dc6d63">489,545</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib096abb3ca4a45aba5765fa95c80b7cd_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzUtMi0xLTEtMA_3aa7b574-9e47-4e11-9644-7ae313844aed">167,040</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia6849b9d448c4cc7a051feed149edcd3_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzUtNC0xLTEtMA_588a55df-fa3d-4eb5-9592-109dabe5ca46">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i76c6992a729d489785f44905d8e9cb77_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzUtOC0xLTEtMA_1841ce1d-85dc-4fad-a022-29033f348870">197,280</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idd7e953d5bb4457aa472787ac9b088ab_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzUtMTAtMS0xLTA_3cdbe9e9-34a1-4e47-b1fc-4c29f7b30772">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzUtMTItMS0xLTA_d7024289-e63a-45af-9df5-5f069b28bdfa">364,320</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib096abb3ca4a45aba5765fa95c80b7cd_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzYtMi0xLTEtMA_7f0b910d-438d-45a3-a111-3270fdc0f25a">7,945</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia6849b9d448c4cc7a051feed149edcd3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzYtNC0xLTEtMA_c9acc594-c60a-46a5-8155-7e579fecbbfe">19,405</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i76c6992a729d489785f44905d8e9cb77_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzYtOC0xLTEtMA_eea13c0f-f55f-4167-ac37-13698711bf33">293,776</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idd7e953d5bb4457aa472787ac9b088ab_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzYtMTAtMS0xLTA_4591032d-d0a0-4d7b-9fdd-8976559f34a8">1,453</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzYtMTItMS0xLTA_f8ee2635-2121-4e8d-9acc-9dc1364e9733">322,579</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Intangible assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib096abb3ca4a45aba5765fa95c80b7cd_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:IntangibleAssetsNetIncludingGoodwill" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzctMi0xLTEtMA_92bb6aa2-8915-44d4-b235-b31b5029ef27">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia6849b9d448c4cc7a051feed149edcd3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IntangibleAssetsNetIncludingGoodwill" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzctNC0xLTEtMA_051a472e-c2fd-4c0d-a4eb-25123e218c1a">52,992</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i76c6992a729d489785f44905d8e9cb77_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:IntangibleAssetsNetIncludingGoodwill" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzctOC0xLTEtMA_e1e9721f-1b83-4783-9502-4c9cee174a29">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idd7e953d5bb4457aa472787ac9b088ab_I20210331" decimals="-3" format="ixt:zerodash" name="us-gaap:IntangibleAssetsNetIncludingGoodwill" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzctMTAtMS0xLTA_ffd34af8-39be-4d88-b7e6-5c2aac6f219f">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IntangibleAssetsNetIncludingGoodwill" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzctMTItMS0xLTA_675a2beb-5d6f-406a-8c58-784cafbcbd10">52,992</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib096abb3ca4a45aba5765fa95c80b7cd_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzgtMi0xLTEtMA_e27c62ef-d0d0-4c62-a47d-1fb49d925910">2,601,672</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia6849b9d448c4cc7a051feed149edcd3_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzgtNC0xLTEtMA_27a0e68a-315c-4f48-82ff-fc6659825c69">4,359,491</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i76c6992a729d489785f44905d8e9cb77_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzgtOC0xLTEtMA_b35f7c5b-2fa1-4c9e-a5f1-38025d1b85e2">3,155,645</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="idd7e953d5bb4457aa472787ac9b088ab_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzgtMTAtMS0xLTA_7db14f44-b3f5-4b02-ba5e-28cda30980c8">780,040</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i37d854f74f774173a357ca5981737041_I20210331" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzgtMTItMS0xLTA_5556ecf6-5d72-4dde-bc2f-b714f790dd95">10,896,848</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i858848236529409b8178f323a35df31c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzExLTItMS0xLTA_14df1365-f904-41e8-b6d2-1c61133d37a4">1,741,963</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i36cffcbcd4864928ab015783e7b2d5c6_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzExLTQtMS0xLTA_17308868-7de8-40a3-9929-bf25fac89e08">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ifcee3829dd264cb1965505560121a6f2_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzExLTgtMS0xLTA_3b6fc92c-c0c5-410d-ba19-177b16509687">2,221,153</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="id6aa88615d3b4a8893e6eb166190546a_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzExLTEwLTEtMS0w_8a5befdf-4342-40e7-b8d4-8560ecbd75c1">285,935</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1aefb35a31e24e29951a4903f7cb3534_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzExLTEyLTEtMS0w_bca80e36-a1d8-4220-9a65-74d04ef088a3">4,249,051</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="icc3b9abe32e94031bbf0a045d56f153b_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEyLTItMS0xLTA_ed3192d0-b353-492a-b129-d9bc6d30667d">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i087fa292913740679efae66c961b93f3_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEyLTQtMS0xLTA_938e4a44-0643-4d7a-8d55-003c6ecc5d1c">4,136,353</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i752b1631ee3c4375bae7fb74b2625327_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEyLTgtMS0xLTA_fe435a37-88a3-4404-ac2f-6db6c46ff4b6">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ia4435ac9cb8d462ca0e94c770f6fa2bf_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEyLTEwLTEtMS0w_4747f247-8944-4bc7-a9c4-4766f4d0020a">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i251b3f26426f43a29e991078cae324a2_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEyLTEyLTEtMS0w_6c7a0afc-a254-4143-a11f-1550b60a4aa0">4,136,353</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i4063db8c4ff54382bba1ed0772f0ad5b_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEzLTItMS0xLTA_4eb5dc95-ca37-442b-a08f-e4704389e22a">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i1538dca86c624ddaa87d70ac7fad1199_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEzLTQtMS0xLTA_8c8a5c24-5a08-44de-acdc-5b213d511ea6">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i075420a6c07e43dca017accf8762cd15_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEzLTgtMS0xLTA_7eb43654-1e7a-4cf7-9631-f17698f2089c">492,221</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i30a8f2011bb340f29560ae797d8e130e_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEzLTEwLTEtMS0w_036cf2f3-a336-47ad-8eeb-40f2bbfb6a04">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i7376b80ab9f84625a78cb2334e023c03_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:NotesReceivableNet" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEzLTEyLTEtMS0w_69782e4d-697d-4e22-bce8-9fc924bd07e0">492,221</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3c7b74e73a6744b4bb3b405d8f12a39f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE0LTItMS0xLTA_0c936488-e800-44e3-84df-e618b5a53676">160,780</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i36259b4137f24b1ba70665955e850873_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE0LTQtMS0xLTA_64901c60-1ce8-4091-8e9d-d642c69f6639">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e65ebf92238415d862dc867aa5d456c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE0LTgtMS0xLTA_0fddf81a-dbb7-45f5-9854-aa315a0ed412">183,345</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i52592161966f4f5fa21b05a458c997ca_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE0LTEwLTEtMS0w_7770db83-c2ae-4cbc-8721-233504245869">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:MarketableSecurities" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE0LTEyLTEtMS0w_8af11611-d10f-4f09-a196-0031991be7f8">344,125</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3c7b74e73a6744b4bb3b405d8f12a39f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE1LTItMS0xLTA_48a6506b-119f-4fc1-bc90-959d7b286543">8,815</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i36259b4137f24b1ba70665955e850873_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE1LTQtMS0xLTA_65a73fc1-e77e-48c3-b4be-19e124bc0511">21,627</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e65ebf92238415d862dc867aa5d456c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE1LTgtMS0xLTA_bbe0d50b-b390-4b6a-b5b5-1176f1a5a86a">317,282</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i52592161966f4f5fa21b05a458c997ca_I20201231" decimals="-3" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE1LTEwLTEtMS0w_ecd138e5-c6f6-44ca-a9a3-b5d96dbcd5f6">451</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:OtherInvestments" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE1LTEyLTEtMS0w_ff188297-8ee5-431c-a954-64a84fc107b0">348,175</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Intangible assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3c7b74e73a6744b4bb3b405d8f12a39f_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:IntangibleAssetsNetIncludingGoodwill" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE2LTItMS0xLTA_0df48f72-822f-40cf-8c5d-9097c0b42304">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i36259b4137f24b1ba70665955e850873_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IntangibleAssetsNetIncludingGoodwill" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE2LTQtMS0xLTA_60812d69-bdf8-4438-9e34-eb57bdb985b7">56,865</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e65ebf92238415d862dc867aa5d456c_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:IntangibleAssetsNetIncludingGoodwill" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE2LTgtMS0xLTA_a2da306f-4051-47da-b848-a84fc959d421">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i52592161966f4f5fa21b05a458c997ca_I20201231" decimals="-3" format="ixt:zerodash" name="us-gaap:IntangibleAssetsNetIncludingGoodwill" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE2LTEwLTEtMS0w_f2bfaa83-866c-4471-8757-0e9f9230acce">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:IntangibleAssetsNetIncludingGoodwill" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE2LTEyLTEtMS0w_fd3f5c95-918b-43c0-9ba4-ae95ea3c4ff2">56,865</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3c7b74e73a6744b4bb3b405d8f12a39f_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE3LTItMS0xLTA_8eb3ee73-2abd-48da-841d-1b4b6a25df98">1,989,802</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i36259b4137f24b1ba70665955e850873_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE3LTQtMS0xLTA_957e0ccf-a0ef-4dd4-b5e6-bb162cc6ed7e">4,323,040</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i3e65ebf92238415d862dc867aa5d456c_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE3LTgtMS0xLTA_e00b8fee-e9f6-4813-a052-0390529f736f">3,232,415</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="i52592161966f4f5fa21b05a458c997ca_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE3LTEwLTEtMS0w_7ae25362-2944-4ff2-acba-29b8e67ceb4e">809,809</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231" decimals="-3" format="ixt:numdotdecimal" name="us-gaap:Assets" scale="3" id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE3LTEyLTEtMS0w_22224df7-bb73-42dd-b2cc-1c9fe4e23630">10,355,066</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></ix:nonNumeric></ix:continuation><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">61</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_124"></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_127"></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">INTRODUCTION </span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations (&#8220;MD&amp;A&#8221;) is intended to provide a reader of our financial statements with a narrative from the perspective of our management on our financial condition, results of operations, liquidity and certain other factors that may affect our future results. Our MD&amp;A is presented in six main sections: </span></div><div style="margin-top:6pt;padding-left:27pt;text-align:justify;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Overview </span></div><div style="margin-top:6pt;padding-left:27pt;text-align:justify;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Results of Operations </span></div><div style="margin-top:6pt;padding-left:27pt;text-align:justify;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Liquidity and Capital Resources </span></div><div style="margin-top:6pt;padding-left:27pt;text-align:justify;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Off-Balance Sheet Arrangements and Contractual Obligations </span></div><div style="margin-top:6pt;padding-left:27pt;text-align:justify;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Critical Accounting Policies and Estimates </span></div><div style="margin-top:6pt;padding-left:27pt;text-align:justify;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">New Accounting Standards </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our MD&amp;A should be read in conjunction with the Consolidated Financial Statements and related Notes included in Part I, Item&#160;1 of this Quarterly Report on Form 10-Q and in Part II, Item 8, Financial Statements and Supplementary Data in our most recent Annual Report on Form 10-K, as well as the sections entitled &#8220;Risk Factors&#8221; in Part I, Item 1A of our most recent Annual Report on Form 10-K and Part II, Item 1A of this Quarterly Report on Form 10-Q, as well as other cautionary statements and risks described elsewhere in this report and our most recent Annual Report on Form 10-K. The discussion in this MD&amp;A contains forward-looking statements that involve substantial risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, such as those discussed in the Cautionary Statement below. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">References herein to &#8220;Redwood,&#8221; the &#8220;company,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; and &#8220;our&#8221; include Redwood Trust, Inc. and its consolidated subsidiaries, unless the context otherwise requires. Financial information concerning our business is set forth in this &#8220;Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations,&#8221; and our consolidated financial statements and notes thereto, which are included in Part I, Item 1 of this Quarterly Report on Form 10-Q.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our website can be found at www.redwoodtrust.com. We make available, free of charge through the investor information section of our website, access to our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the U.S. Securities Exchange Act of 1934, as well as proxy statements, as soon as reasonably practicable after we electronically file such material with, or furnish it to, the U.S. Securities and Exchange Commission (&#8220;SEC&#8221;). We also make available, free of charge, access to our charters for our Audit Committee, Compensation Committee, and Governance and Nominating Committee, our Corporate Governance Standards, and our Code of Ethics governing our directors, officers, and employees. Within the time period required by the SEC and the New York Stock Exchange, we will post on our website any amendment to the Code of Ethics and any waiver applicable to any executive officer or director of Redwood. In addition, our website includes information concerning purchases and sales of our equity securities by our executive officers and directors, and may include disclosure relating to certain non-GAAP financial measures (as defined in the SEC&#8217;s Regulation G) that we may make public orally, telephonically, by webcast, by broadcast, or by similar means from time to time. The information on our website is not part of this Quarterly Report on Form 10-Q. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our Investor Relations Department can be contacted at One Belvedere Place, Suite 300, Mill Valley, CA 94941, Attn: Investor Relations, telephone (866) 269-4976.</span></div><div style="margin-top:8pt;text-align:justify"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-left:265.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">62</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_130"></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Our Business</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood Trust, Inc., together with its subsidiaries, is a specialty finance company focused on several distinct areas of housing credit. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a commitment to technological innovation that facilitates risk-minded scale. We operate our business in three segments: Residential Lending, Business Purpose Lending, and Third-Party Investments. For a full description of our segments, see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Part 1, Item 1&#8212;Business </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in our Annual Report on Form 10-K for the year ended December 31, 2020.</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_133"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Cautionary Statement</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This Quarterly Report on Form 10-Q and the documents incorporated by reference herein contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. Our actual results may differ from our beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;believe,&#8221; &#8220;intend,&#8221; &#8220;seek,&#8221; &#8220;plan&#8221; and similar expressions or their negative forms, or by references to strategy, plans, or intentions. These forward-looking statements are subject to risks and uncertainties, including, among other things, those described in our Annual Report on Form 10-K for the fiscal year ended December&#160;31, 2020, under the caption &#8220;Risk Factors.&#8221; Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected may be described from time to time in reports we file with the SEC, including reports on Forms 10-Q and 8-K. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Statements regarding the following subjects, among others, are forward-looking by their nature: (i) statements we make regarding Redwood's business strategy and strategic focus, including statements relating to our overall market position, strategy and long-term prospects (including trends driving the flow of capital in the housing finance market, our strategic initiatives designed to capitalize on those trends, our ability to attract capital to finance those initiatives, our approach to raising capital, our ability to pay dividends in the future, and the prospects for federal housing finance reform); (ii) statements related to our financial outlook and expectations for 2021; (iii) statements related to regulatory changes in Washington, D.C., including expediting the migration of GSE eligible mortgages to the private sector of the market, and expectations that such regulatory changes will result in an opportunity for the private sector; (iv) statements related to our residential and business purpose lending platforms, including that we expect to grow and diversify CoreVest's sourcing channels and deepen our market penetration in products we believe will remain in high demand; (v) statements related to our venture investing platform, RWT Horizons, including that we expect to increase its capital allocation over time; (vi) statements related to our investment portfolio, including that callable transactions could provide an opportunity to acquire in excess of a total of $600 million of residential jumbo and business purpose mortgage loans in 2021, and the potential earnings upside from realized gains associated with such transactions; (vii) statements relating to our estimate of our available capital (including that we estimate our available capital at March 31, 2021 was approximately $225 million); (viii) statements relating to acquiring residential mortgage loans in the future that we have identified for purchase or plan to purchase, including the amount of such loans that we identified for purchase during the first quarter of 2021 and at March 31, 2021, and expected fallout and the corresponding volume of residential mortgage loans expected to be available for purchase; (ix) statements we make regarding future dividends, including with respect to our regular quarterly dividends in 2021; and (x) statements regarding our expectations and estimates relating to the characterization for income tax purposes of our dividend distributions, our expectations and estimates relating to tax accounting, tax liabilities and tax savings, and GAAP tax provisions, and our estimates of REIT taxable income and TRS taxable income.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Many of the factors that could affect our actual results are summarized below. One of the most significant factors, however, is the ongoing impact of the pandemic on the United States economy, homeowners, renters of housing, the housing market, the mortgage finance markets and the broader financial markets. It is difficult to fully assess the impact of the pandemic at this time, including because of the uncertainty around the severity and duration of the pandemic domestically and internationally, as well as the uncertainty around the efficacy of Federal, State and local governments&#8217; efforts to contain the spread of COVID-19 and respond to its direct and indirect impacts on many aspects of Americans&#8217; lives and economic activity. Moreover, each of the factors summarized below is likely to also be impacted directly or indirectly by the ongoing impact of the pandemic and investors are cautioned to interpret substantially all of the risks identified in the Company&#8217;s previously published &#8220;Risk Factors&#8221; as being heightened as a result of the ongoing impact of the pandemic.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Important factors, among others, that may affect our actual results include: </span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the impact of the COVID-19 pandemic;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">general economic trends and the performance of the housing, real estate, mortgage finance, and broader financial markets;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">federal and state legislative and regulatory developments and the actions of governmental authorities and entities;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">changing benchmark interest rates, and the Federal Reserve&#8217;s actions and statements regarding monetary policy;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our ability to compete successfully;</span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">63</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our ability to adapt our business model and strategies to changing circumstances;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">strategic business and capital deployment decisions we make;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our use of financial leverage;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our exposure to a breach of our cybersecurity or data security;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our exposure to credit risk and the timing of credit losses within our portfolio;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the concentration of the credit risks we are exposed to, including due to the structure of assets we hold, the geographical concentration of real estate underlying assets we own, and our exposure to environmental and climate-related risks;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the efficacy and expense of our efforts to manage or hedge credit risk, interest rate risk, and other financial and operational risks;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">changes in credit ratings on assets we own and changes in the rating agencies&#8217; credit rating methodologies;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">changes in mortgage prepayment rates;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">changes in interest rates;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our ability to redeploy our available capital into new investments;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">interest rate volatility, changes in credit spreads, and changes in liquidity in the market for real estate securities and loans;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our ability to finance the acquisition of real estate-related assets with short-term debt;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">changes in the values of assets we own;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the ability of counterparties to satisfy their obligations to us;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our exposure to the discontinuation of LIBOR;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our exposure to liquidity risk, risks associated with the use of leverage, and market risks;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">changes in the demand from investors for residential and business purpose mortgages and investments, and our ability to distribute residential and business purpose mortgages through our whole-loan distribution channel;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our involvement in securitization transactions, the profitability of those transactions, and the risks we are exposed to in engaging in securitization transactions;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">exposure to claims and litigation, including litigation arising from our involvement in loan origination and securitization transactions;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">whether we have sufficient liquid assets to meet short-term needs;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our ability to successfully retain or attract key personnel;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">changes in our investment, financing, and hedging strategies and new risks we may be exposed to if we expand our business activities;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our exposure to a disruption of our technology infrastructure and systems;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the impact on our reputation that could result from our actions or omissions or from those of others;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our failure to maintain appropriate internal controls over financial reporting and disclosure controls and procedures;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the termination of our captive insurance subsidiary&#8217;s membership in the Federal Home Loan Bank and the implications for our income generating abilities;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the impact of changes to U.S. federal income tax laws on the U.S. housing market, mortgage finance markets, and our business;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our failure to comply with applicable laws and regulation, including our ability to obtain or maintain the governmental licenses;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our ability to maintain our status as a REIT for tax purposes;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">limitations imposed on our business due to our REIT status and our status as exempt from registration under the Investment Company Act of 1940;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our common stock may experience price declines, volatility, and poor liquidity, and we may reduce our dividends in a variety of circumstances;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">decisions about raising, managing, and distributing capital;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our exposure to broad market fluctuations; and</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">other factors not presently identified.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This Quarterly Report on Form 10-Q may contain statistics and other data that in some cases have been obtained from or compiled from information made available by servicers and other third-party service providers.</span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">64</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_136"></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-bottom:9pt;margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">OVERVIEW</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_139"></div><div style="margin-bottom:9pt;margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Business Update</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The new year at Redwood is off to a fast start and we are pleased with our trajectory thus far in 2021. Highlighted by strong operational progress and continued improvement in portfolio valuations, Redwood&#8217;s GAAP earnings were $0.72 per diluted share for the first quarter, as compared to $0.42 per diluted share for the fourth quarter of 2020. Our GAAP book value per share increased almost 9% to $10.76 at March 31, 2021, as compared to $9.91 at December 31, 2020, with GAAP earnings finishing well in excess of our $0.16 per share first quarter dividend.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The first quarter of 2021 introduced our latest strategic evolution through the launch of RWT Horizons, a venture investing strategy focused on early and mid-stage companies driving innovation in financial and real estate technology, and digital infrastructure. But the focus of our business has not changed. Our mission is to make quality housing accessible to all American households, whether rented or owned. We target loans to borrowers whose needs are not well served by government loan programs, as well as loans to borrowers who are simply not eligible for them. We believe our role in housing finance has never been more important, as the second half of 2020 saw significant increases home price appreciation and greater affordability challenges. In our view, addressing access to housing entails a combination of consumer loan and rental solutions.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Through our role as a private securitization issuer outside of the government sponsored enterprises ("GSEs"), we have turned much of our focus to finding innovative ways to expedite the migration of more GSE-eligible mortgages to the private sector of the market. This requires more than low-cost capital, which seems to be plentiful in our industry. It requires the speed, automation, and ease of execution necessary to facilitate sustainably high loan acquisition volumes. These traits have not been commonplace in the non-agency mortgage sector.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Recent federal regulatory changes highlight the need for a new way of thinking, and present an opportunity for the private sector. For example, changes to the CFPB's Qualified Mortgage ("QM") rules are likely to simplify many underwriting processes and meaningfully reduce the number of loans that require additional capital to securitize. Additionally, changes to the Preferred Stock Purchase Agreement ("PSPA") between the U.S. Department of Treasury and the GSEs now limit the acquisition of certain types of mortgages by the GSEs, including loans on non-owner-occupied homes and those with certain combinations of credit features, including higher LTVs and debt-to-income ratios, and lower credit scores. We believe this will result in an opportunity for the private sector, particularly for those who can transition to largely automated underwriting programs that will facilitate larger volumes of these loans moving away from the GSEs. We are focused on addressing this need, and we are working towards this goal in a number of innovative ways.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Residential Lending </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For our residential lending business, strong operating progress in the first quarter was complemented meaningfully by continued progress on technology initiatives. We announced a new mobile application called &#8220;Redwood Live&#8221; in the first quarter for use by our network of loan sellers. Now available on Apple&#8217;s App Store, Redwood Live allows authorized sellers to log in and access dashboards that contain various tracking metrics and reports for the loan pipelines they have locked with Redwood. We also launched our &#8220;Rapid Funding+&#8221; purchase program in the first quarter, with several enhancements to the original program rolled out last year, including more customized funding schedules and other solutions for qualifying loan sellers. Finally, we onboarded the majority of our active Sequoia securitizations onto &#8220;dv01,&#8221; a third-party software tool for accessing, reporting and analyzing standardized loan-level data for non-agency transactions.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Business Purpose Lending ("BPL")</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Within CoreVest, origination volumes normalized after a seasonally strong fourth quarter of 2020, but a 33% increase in bridge loan fundings during the first quarter of 2021 compared to the fourth quarter of 2020 reflected strong demand for our core products as we work to expand our BPL platform. In April 2021, we announced a strategic investment in Churchill Finance, which we expect will help us grow and diversify CoreVest&#8217;s sourcing channels, with a particular emphasis on smaller-balance single-family rental ("SFR") and bridge loans that complement our core product offerings. CoreVest&#8217;s primary business remains focused on larger SFR loans, cross-collateralized bridge lines of credit, build-for-rent, and workforce housing products specifically targeted towards boosting the size and quality of housing stock. Partnerships with companies like Churchill Finance will deepen our market penetration in products we believe will remain in high demand by housing investors. We also made significant progress on several key technology initiatives, including a revamped client portal (expected to be completed later in 2021); enhancements to our data warehouse; and more automation into certain capital markets processes that will enhance our speed-to-market.</span></div><div style="margin-top:8pt;text-align:justify"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">65</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">RWT Horizons</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The first quarter of 2021 also marked the introduction of RWT Horizons, our internal venture-investing platform focused on early-stage technology companies with business plans focused on disruptive innovations applicable to the mortgage finance sector. The RWT Horizons fund initially has a capital allocation of $25 million and, to date, we have completed three &#8220;venture capital&#8221; style investments. Our most recent investment was in a company that provides infrastructure to digitize loans, track documentation, facilitate payments, and record additional information on blockchain over the life of a loan. As an initial use case, we are working with various industry partners to explore the feasibility of leveraging blockchain to facilitate more timely loan remittance data for RMBS investors, an improvement that we believe can enhance market liquidity. </span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Investment Portfolio</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood&#8217;s $2.1 billion total investment portfolio continued to perform well in the first quarter as broad credit performance strengthened, credit spreads tightened, and total book value grew. Delinquencies in our portfolio have fallen continuously since last summer, and new forbearance requests have remained low over the last several quarters. And while we are monitoring the status and impact of foreclosure and eviction moratoria, we continue to believe that consumers have become more focused on managing their household balance sheets and credit scores. As a result, our loan quality has improved even while our credit guidelines have begun to expand to more closely resemble our pre-pandemic guidelines.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Higher residential jumbo prepayment speeds led us to exercise Sequoia call options for the first time in several years. We completed optional redemptions, or "calls," of three Sequoia transactions through the first four months of 2021, and plan to acquire additional loans when several other securitization transactions become callable in the coming quarters. Inclusive of CoreVest-sponsored securitizations, callable transactions could provide an opportunity to acquire in excess of a total of $600 million of residential jumbo and business purpose mortgage loans in 2021. The potential realized gains from these transactions represent potential earnings upside we have not been in a position to realize in recent years.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In conclusion, with significant momentum on technology, an engaged and talented workforce, regulatory shifts, and strong competitive positioning, it&#8217;s exciting to envision the role Redwood can play in the evolution of housing finance. We believe in the long-term durability of our earnings and our ability to deliver value to shareholders. As always, we balance this optimism against the economic forces that affect our quarterly production volumes, including recent interest rate volatility. In so doing, we will continue to equip our businesses with the tools to lead Redwood through the next phases of growth and change. </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">66</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_142"></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">First Quarter Overview</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents key financial metrics for the three months ended March&#160;31, 2021. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 1 &#8211; Key Financial Metrics</span></div><div style="margin-bottom:6pt;margin-top:17pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:76.955%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.151%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands, except per Share Data)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income per diluted common share</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.72&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Annualized GAAP return on equity</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34.0&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dividends per share</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.16&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Book value per share</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.76&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Economic return on book value </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.2&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:9pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Economic return on book value is based on the periodic change in GAAP book value per common share plus dividends declared per common share during the period.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Our first quarter 2021 results benefited from continued strength in our operating platforms, most notably increased residential mortgage banking revenues on higher volume and strong margins. Additionally, the value of our securities portfolio increased 5%, supported by further spread tightening and continued improved credit performance. These results contributed to a 10% economic return on book value during the quarter.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">In March 2021, we announced a 14% increase in our quarterly dividend to $0.16 per share for the first quarter of 2021.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Our book value increased $0.85 per share to $10.76 per share during the first quarter of 2021, as basic earnings per share and comprehensive income from investments significantly exceeded our first quarter dividend of $0.16 per share.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Residential jumbo loan purchase commitments were $3.51 billion, and we purchased $3.13 billion of residential jumbo loans during the first quarter of 2021. At March 31, 2021, our pipeline of residential jumbo loans identified for purchase was $3.30 billion. Additionally, at March 31, 2021, we had entered into forward sale agreements for $735 million of residential jumbo loans.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">During the first quarter of 2021, we distributed $1.44 billion of residential jumbo loans through whole loan sales, and completed two Select securitizations for a total of $876 million.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">During the first quarter of 2021, we initiated the exercise of call options on three Sequoia securitizations, purchasing $19 million of residential jumbo loans in March and $56 million in April.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Our business purpose lending platform originated $386 million of business purpose mortgage loans in the first quarter, including $253 million of single-family rental loans and $133 million of residential bridge loans. Additionally, during the first quarter we completed the funding of our $200 million single-family rental single-investor securitization, transferring $158 million of SFR loans in the quarter.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">During the first quarter of 2021, we retained $22 million of securities from CoreVest securitizations and $8 million of securities from Sequoia securitizations, purchased $16 million of other third-party securities, and sold $34 million of securities.</span></div><div style="margin-bottom:9pt;text-align:justify"><span><br/></span></div><div style="margin-bottom:9pt;text-align:justify"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">67</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_145"></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">RESULTS OF OPERATIONS </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Within this </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Results of Operations</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> section, we provide commentary that compares results year-over-year for 2021 and 2020. Most tables include a "change" column that shows the amount by which the results from 2021 are greater or less than the results from the respective period in 2020. Unless otherwise specified, references in this section to increases or decreases during the "three-month periods" refer to the change in results for the first quarter of 2021, compared to the first quarter of 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Consolidated Results of Operations</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the components of our net income for the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 2 &#8211; Net Income (Loss)</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:55.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.652%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(In Thousands, except per Share Data)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Interest Income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,753&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51,410&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(25,657)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-interest Income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage banking activities, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">82,607&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(28,902)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">111,509&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,087&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(870,832)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">915,919&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,843&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,928&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">915&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized gains, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,716&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,852&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,136)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total non-interest income (loss), net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">134,253&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(892,954)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,027,207&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(43,551)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(28,682)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14,869)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan acquisition costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,559)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,986)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">427&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,096)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(91,415)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">87,319&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net income (loss) before income taxes</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">108,800&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(965,627)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,074,427&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Provision for) benefit from income taxes</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,543)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,229&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(33,772)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Income (Loss)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97,257&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(943,398)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,040,655&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Diluted earnings (loss) per common share</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.72&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8.28)</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.00&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Net Interest Income </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The decrease in net interest income during the three-month periods was primarily due to lower average asset balances during the first quarter of 2021 resulting from portfolio repositioning in the first half of 2020 due to COVID-19 pandemic- and liquidity-related disruptions, and higher borrowing costs associated with non-marginable and non-recourse debt facilities we entered into in the second and third quarters of 2020.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additional detail on net interest income is provided in the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8220;Net Interest Income&#8221;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> section that follows.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Mortgage Banking Activities, Net </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The increase in income from mortgage banking activities during the three-month periods was primarily due to higher margins in 2021, relative to 2020, at both our residential and business purpose mortgage banking operations, due to favorable securitization execution and a pipeline position that benefited from the relative move in mortgage rates versus benchmark interest rates during the quarter. Mortgage banking activities also benefited from higher volumes at our residential mortgage banking business year-over-year.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A more detailed analysis of the changes in this line item is included in the &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Results of Operations b</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">y </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Segment</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221; section that follows. </span></div><div style="margin-top:12pt;text-align:justify"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">68</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Investment Fair Value Changes, Net</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Investment fair value changes, net, is primarily comprised of the change in fair values of our portfolio investments accounted for under the fair value option and, prior to the second quarter of 2020, interest rate hedges associated with these investments. During the three months ended March&#160;31, 2021, positive investment fair value changes reflected continuing improvement in credit performance and spread tightening across our investment portfolio. Additional detail on our investment fair value changes during 2021 is included in the &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Results of Operations by</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Segment</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221; section that follows.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March 31, 2020, the negative investment fair value changes reflected significant declines in the value of our investments resulting from pandemic- and liquidity-related disruptions.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Other Income</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The increase in other income for the three-month periods was primarily the result of an increase in income from our MSR investments, which generally benefited from a stabilization in prepayment speeds during the first quarter of 2021.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Realized Gains, Net </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March&#160;31, 2021, we realized gains of $3 million, primarily resulting from the sale of $2 million of AFS securities and the call of a seasoned Sequoia securitization. During the three months ended March&#160;31, 2020, we realized gains of $4 million, primarily from the sale of $46 million of AFS securities. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">General and Administrative Expenses </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The increase in general and administrative expenses for the three-month periods primarily resulted from a $19 million variable compensation expense accrual in the first quarter of 2021, associated with the quarter's financial results, compared to essentially no variable compensation accrual in the first quarter of 2020 as a result of portfolio losses incurred during that period. This increase was partially offset by a decrease in fixed compensation costs, legal and other costs as a result of cost savings measures implemented during 2020.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Other Expenses </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The decrease in other expenses for the three-month periods was primarily due to $89 million of goodwill impairment expense at our Business Purpose Lending segment recorded in the first quarter of 2020 that was taken as a result of the onset of pandemic- and liquidity-related disruptions.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Provision for Income Taxes</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our provision for income taxes is almost entirely related to activity at our taxable REIT subsidiaries, which primarily includes our mortgage banking activities and MSR investments, as well as certain other investment and hedging activities. For the three-month periods, the increase in provision for income taxes was the result of positive GAAP income earned at our TRS in the current year versus a significant loss in the prior year. For additional detail on income taxes, see the &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Taxable Income and Tax Provision</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221; section that follows.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">69</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_148"></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:11pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Net Interest Income </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the components of net interest income for the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 3 &#8211; Net Interest Income </span></div><div style="margin-bottom:8pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:35.099%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.770%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.192%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.493%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.857%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.493%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.192%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.770%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.192%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.493%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.857%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.493%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.199%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="33" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Interest Income/ (Expense)</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#160;Average </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#160;&#160;&#160;Balance </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Yield</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Interest Income/ (Expense)</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#160;Average </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#160;&#160;&#160;Balance </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Yield</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Interest Income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Residential loans, held-for-sale</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6,665&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">933,910&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2.9&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8,250&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">980,531&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3.4&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Residential loans - HFI at Redwood </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">20,924&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,987,245&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4.2&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Residential loans - HFI at Legacy Sequoia </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,348&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">273,770&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2.0&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,193&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">392,610&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3.3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Residential loans - HFI at Sequoia Choice </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">15,483&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,373,438&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4.5&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">25,083&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,135,466&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4.7&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Residential loans - HFI at Freddie Mac SLST </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">20,159&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,177,399&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3.7&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">21,986&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,342,420&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3.8&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">15,315&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">896,767&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6.8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">22,644&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,469,952&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6.2&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Single-family rental loans - HFI at CAFL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">48,873&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,254,858&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6.0&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">30,010&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,187,934&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5.5&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Multifamily loans - HFI at Freddie Mac K-Series</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,786&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">493,878&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3.9&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">40,172&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,186,159&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3.8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Trading securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5,896&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">132,515&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">17.8&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">13,662&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">742,198&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7.4&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Available-for-sale securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,767&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">137,283&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11.0&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,647&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">154,072&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">12.1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Other interest income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6,013&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">775,483&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3.1&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7,510&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">582,726&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5.2&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">128,305&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10,449,301&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4.9&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">198,081&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">17,161,313&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4.6&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Interest Expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Short-term debt facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(6,487)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">987,570&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2.6)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(21,490)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,650,883&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(3.2)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Short-term debt - servicer advance financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,286)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">186,539&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2.8)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,577)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">148,141&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(4.3)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">ABS issued - Legacy Sequoia</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(875)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">270,202&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1.3)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2,522)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">387,220&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2.6)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">ABS issued - Sequoia Choice </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(12,106)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,154,565&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(4.2)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(21,511)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,892,043&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(4.5)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">ABS issued - Freddie Mac SLST </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(17,371)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,949,873&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(3.6)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(16,177)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,888,815&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(3.4)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">ABS issued - Freddie Mac K-Series</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(4,356)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">466,688&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(3.7)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(38,349)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,943,053&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(3.9)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">ABS issued - CAFL</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(37,853)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,003,606&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(5.0)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(21,939)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,016,139&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(4.4)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Long-term debt facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(12,831)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">776,070&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(6.6)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2,598)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">233,797&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(4.4)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Long-term debt - FHLBC</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(0.4)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(8,775)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,986,538&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1.8)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Long-term debt - corporate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(9,386)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">650,185&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(5.8)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(11,733)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">770,249&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(6.1)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total interest expense</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(102,552)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9,446,298&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(4.3)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(146,671)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">15,916,878&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(3.7)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Net Interest Income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">25,753&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">51,410&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Average balances for residential loans held-for-sale, residential loans held-for-investment, business purpose loans, multifamily loans held-for-investment, and trading securities are calculated based upon carrying values, which represent estimated fair values. Average balances for available-for-sale securities and debt are calculated based upon amortized historical cost, except for ABS issued, which is based upon fair value. </span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Interest income from residential loans held-for-investment ("HFI") at Redwood exclude loans HFI at consolidated Sequoia or Freddie Mac SLST entities. Interest income from residential loans - HFI at Legacy Sequoia and the interest expense from ABS issued - Legacy Sequoia represent activity from our consolidated Legacy Sequoia entities. Interest income from residential loans - HFI at Sequoia Choice and the interest expense from ABS issued - Sequoia Choice represent activity from our consolidated Sequoia Choice entities. Interest income from residential loans - HFI at Freddie Mac SLST and the interest expense from ABS issued - Freddie Mac SLST represent activity from our consolidated Freddie Mac SLST entities.</span></div><div style="padding-left:18pt;text-align:justify"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">70</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents net interest income by segment for the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4 &#8211; Net Interest Income by Segment</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:55.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.652%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Interest Income by Segment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential Lending</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,511&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,069&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14,558)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business Purpose Lending</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,330&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,707&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6,377)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Third-Party Investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,811&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,695&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6,884)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Corporate/Other</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8,899)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,061)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,162&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Interest Income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,753&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51,410&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(25,657)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Corporate/Other line item in the table above includes net interest income from consolidated Legacy Sequoia entities and interest expense on our convertible debt and trust-preferred securities. The $2 million increase in net interest income from Corporate/Other during 2021 was primarily due to a lower average balance of long-term debt as compared to 2020, as we repurchased $125 million of convertible debt during the second quarter of 2020.</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_151"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Results of Operations by Segment</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We report on our business using three distinct segments: Residential Lending, Business Purpose Lending, and Third-Party Investments. For additional information on our segments, refer to </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 23</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of our </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Notes to Consolidated Financial Statements</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in Part I, Item 1 of this Quarterly Report on Form 10-Q. The following table presents the segment contribution from our three segments reconciled to our consolidated net income for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5 &#8211; Segment Results Summary</span></div><div style="margin-bottom:5pt;margin-top:11pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:55.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.652%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Segment Contribution from:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential Lending</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,795&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(195,650)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">248,445&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business Purpose Lending</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,443&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(225,796)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">247,239&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Third-Party Investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49,936&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(499,155)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">549,091&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Corporate/Other</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(26,917)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(22,797)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,120)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Income (Loss)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97,257&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(943,398)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,040,655&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following sections provide a discussion of the results of operations at each of our three business segments for the three months ended March&#160;31, 2021.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The increase in net expense from Corporate/Other for the three-month periods was primarily due to an $8 million increase in compensation expense, driven mostly by higher variable compensation commensurate with improved results in 2021, partially offset by lower interest expense, as discussed above.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:12pt;text-align:justify"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">71</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_154"></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;text-decoration:underline">Residential Lending Segment</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Overview</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our Residential Lending segment generated $53 million of net income during the first quarter of 2021, driven primarily by $64 million of mortgage banking income and $6 million of net interest income from investments. Mortgage banking income increased significantly during the quarter, as loan purchase commitments increased 41% from the fourth quarter of 2020 to $3.51 billion, and gross margins nearly doubled. </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Since the end of the first quarter, we have seen gross margins begin to normalize and looking forward we expect margins to continue to trend back towards levels realized in the third and fourth quarters of 2020.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Mortgage Banking</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of residential loans held in inventory for sale at our mortgage banking business during the three months ended March&#160;31, 2021. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6 &#8211; Loan Inventory for Residential Mortgage Banking Operations &#8212; Activity</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:78.900%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.206%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance at beginning of period&#160;</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisitions</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,127,944&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sales </span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,348,126)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal repayments</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,114)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Changes in fair value, net</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,112&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at End of Period</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">977,457&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents our mortgage banking income and loan purchase commitments during the three months ended March&#160;31, 2021. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7 &#8211; Mortgage Banking Income and Residential Loan Purchase Commitments</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:80.011%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.095%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage banking income</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64,267&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan purchase commitments entered into</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,510,292&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mortgage banking income is comprised of net interest income from loans held-for-sale in inventory and mortgage banking activities. Income from mortgage banking activities is comprised of mark-to-market adjustments on loans from the time they are purchased to when they are sold, mark-to-market adjustments on new and outstanding loan purchase commitments, gains/losses from associated hedges, and other miscellaneous income/expenses (see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 19 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">of our </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Notes to Consolidated Financial Statements </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in Part I, Item 1 of this Quarterly Report on Form 10-Q for further detail).</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March&#160;31, 2021, our residential mortgage loan conduit locked $4.63 billion of loans ($3.51 billion adjusted for expected pipeline fallout - i.e, loan purchase commitments), including $4.38 billion of Select loans and $0.24 billion of Choice loans, and purchased $3.13 billion of loans. Approximately 38% of loans locked in the first quarter were purchase-money loans and 62% were refinancings. During the three months ended March&#160;31, 2021, we distributed $1.44 billion of loans through whole loan sales, and completed two securitizations for a total of $876 million.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, we had $997 million of loans in inventory on our balance sheet, our loan pipeline included $3.30 billion of loans identified for purchase (locked loans, unadjusted for fallout), and we had entered into forward sale agreements for $735 million of loans. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our gross margin (mortgage banking income earned in the period divided by loan purchase commitments entered into during the period) for the three months ended March&#160;31, 2021 nearly doubled from the fourth quarter of 2020 to 183 basis points, due to favorable securitization execution and a pipeline position that benefited from the relative move in mortgage rates versus benchmark interest rates du</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ring the quarter.</span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">72</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We utilize a combination of capital and our residential loan warehouse facilities to manage our inventory of residential loans held-for-sale. At March&#160;31, 2021, we had residential warehouse facilities outstanding with five different counterparties, with $1.60 billion of total capacity and $761 million of available capacity. These included non-marginable (i.e., not subject to margin calls based on the market value of the underlying collateral that is non-delinquent) facilities with $800 million of total capacity and marginable facilities with $800 million of total capacity.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Investment Portfolio</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents details of our Residential Lending investment portfolio at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 8 &#8211; Residential Lending Investments</span></div><div style="margin-bottom:5pt;margin-top:17pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.205%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.207%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans at Redwood </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,054&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential securities at Redwood </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">161,039&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">155,501&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential securities at consolidated Sequoia Choice entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">222,107&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">217,965&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,945&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,815&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Segment Investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">410,145&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">382,281&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Excludes Sequoia Choice loans held at VIEs that we consolidated for GAAP purposes.</span></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Excludes $6 million of trading securities that are designated as hedges for our mortgage banking operations and are not considered part of our investment portfolio.</span></div><div style="margin-bottom:6pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents our retained economic investment in the consolidated Sequoia Choice securitization VIEs. For GAAP purposes, we consolidated $1.28 billion of loans and $1.05 billion of ABS issued associated with these investments at March&#160;31, 2021.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the first quarter of 2021, we sold $4 million of securities from our residential lending investment portfolio and retained $8 million of securities from two Sequoia securitizations we completed during the quarter. See the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">"Investments"</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> section that follows for additional details on our investments and their associated borrowings.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March&#160;31, 2021, net interest income from our residential lending investment portfolio was $6 million, consistent with the fourth</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> quarter of 2020, and other income was </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$3 million</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, which increased $5 million from the fourth quarter of 2020. The increase in other income was primarily due to higher income from our mortgage servicing investments, which benefited from a stabilization in prepayment speeds during the first quarter of 2021.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the components of investment fair value changes for our Residential Lending segment by investment type for the three months ended March&#160;31, 2021.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9 &#8211; Investment Fair Value Changes, Net from Residential Lending</span></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:80.011%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.095%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Investment Fair Value Changes, Net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;Changes in fair value of:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans at Redwood</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">317&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,478)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in Sequoia Choice entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,898&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk-sharing and other investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(24)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Recoveries (impairments) on AFS securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Investment Fair Value Changes, Net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,746&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Includes changes in fair value of the loans held-for-investment and the ABS issued at the entities, which netted together represent the change in value of our investments (subordinate securities) at the consolidated VIEs.</span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">73</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Strengthening credit performance helped drive spreads tighter during the first quarter of 2021 for most of our subordinate securities, which resulted in net positive fair value changes for our residential lending investments. Additionally, during the first quarter of 2021, most of our investment securities experienced elevated prepayments, which generally benefited our subordinate securities, but negatively impacted our interest-only and certificated servicing securities, causing a net negative fair value change for our trading securities.</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_157"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;text-decoration:underline">Business Purpose Lending Segment</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Overview</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our Business Purpose Lending segment generated $21 million of net income during the first quarter of 2021, driven primarily by $22 million of mortgage banking income and $13 million of net interest income from investments. Business purpose mortgage banking income normalized in the first quarter of 2021, relative to the third and fourth quarters of 2020, as more modest spread tightening on securitization execution during the quarter had a reduced impact to the valuation of our loans held in inventory at the beginning of the quarter. Net interest income from BPL investments increased from the fourth quarter of 2020 due to higher yield maintenance income on our SFR securities resulting from faster prepayments, and reduced debt costs on our bridge loan portfolio resulting from a decrease in leverage on these assets.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Mortgage Banking</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the business purpose loans origination activity at Redwood during the three months ended March&#160;31, 2021. </span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 10 &#8211; Business Purpose Loans &#8212; Origination Activity</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.542%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Single-Family Rental</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Bridge </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fair value at beginning of period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Originations</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">253,098&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">133,229&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">386,327&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sales</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,877)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,877)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfers between portfolios </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(169,404)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(131,894)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(301,298)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal repayments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7,064)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7,064)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Changes in fair value, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,086&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">542&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,628&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair Value at End of Period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our bridge loans are generally originated at our TRS and the majority are transferred to our REIT and a smaller portion sold. Origination fees and any mark-to-market changes on these loans prior to transfer are recognized as mortgage banking income. The loans held at our REIT are classified as held-for-investment, with subsequent fair value changes recorded through Investment fair value changes, net on our consolidated statements of income (loss). For the carrying value and activity of our bridge loans held-for-investment, see the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Investments </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">section that follows.</span></div><div style="margin-bottom:3pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For single-family rental loans, amounts represent transfers of loans from held-for-sale to held-for-investment, including when loans are securitized (and consolidated for GAAP purposes) or transferred from our TRS to our REIT with the intent to hold for long-term investment. For bridge loans, represents the transfer of loans from our TRS to our REIT as described in preceding footnote.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March&#160;31, 2021, we funded $253 million of single-family rental loans and $133 million of bridge loans. Bridge loan originations increased 33% relative to the fourth quarter of 2020, while SFR loan originations declined 28% from seasonally high fourth quarter volumes, which also included refinances of certain underlying loans from a CoreVest-sponsored securitization that was called in October 2020. Additionally, during the three months ended March&#160;31, 2021, we completed the ramp-up of our $200 million SFR single-investor securitization, transferring $158 million of SFR loans in the quarter.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We utilize a combination of capital and loan warehouse facilities to manage our inventory of single-family rental loans that we hold for sale. At March&#160;31, 2021, we had business purpose warehouse facilities outstanding with four different counterparties, with $1.00&#160;billion of total capacity (used for both SFR and bridge loans) and $670&#160;million of available capacity. All of these facilities are non-marginable (i.e., not subject to margin calls based on the market value of the underlying collateral that is non-delinquent).</span></div><div style="margin-top:8pt;text-align:justify"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">74</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Investment Portfolio</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents details of our Business Purpose Lending investment portfolio at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 11 &#8211; Business Purpose Lending Investments</span></div><div style="margin-bottom:5pt;margin-top:17pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.205%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.207%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bridge loans at Redwood</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641,765&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Single-family rental securities at consolidated CAFL entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">260,663&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">238,630&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,405&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,627&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Segment Investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">906,552&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">902,022&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents our economic investment in securities issued by consolidated CAFL securitization VIEs. For GAAP purposes, we consolidated $3.21 billion of loans and $2.96 billion of ABS issued associated with these investments at March&#160;31, 2021.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the third quarter of 2021, we funded $133 million of business purpose bridge loans and received principal payments of $142 million. In addition, we retained $22 million of securities from a $200 million (principal balance) single-family rental loan securitization we completed during the first quarter. See the "</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Investments" </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">sections that follow for additional details on our investments and their associated borrowings.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the components of investment fair value changes for our Business Purpose Lending segment by investment type for the three months ended March&#160;31, 2021. </span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 12 &#8211; Investment Fair Value Changes, Net from Business Purpose Lending</span></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:80.011%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.095%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Investment Fair Value Changes, Net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;Changes in fair value of:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bridge loans held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,304&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">REO</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">281&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in CAFL entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(286)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Investment Fair Value Changes, Net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,299&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Includes changes in fair value of the loans held-for-investment and the ABS issued at the entities, which netted together represent the change in value of our investments (subordinate securities) at the consolidated VIEs.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Spreads generally tightened during the first quarter of 2021 for our BPL investments, which resulted in positive fair value changes for bridge loans and subordinate CAFL securities. We also had positive resolutions on several previously delinquent bridge loans during the first quarter of 2021, resulting in over $2 million of positive fair value changes for recoveries in excess of our prior quarter-end carrying values. Positive fair value changes for our CAFL subordinate securities were mostly offset by a decline in the value of our CAFL interest-only securities from a reduction in their basis through the receipt of regular cash flows.</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_160"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;text-decoration:underline">Third-Party Investments Segment</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Overview</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our Third-Party Investments segment generated $50 million of net income during the first quarter of 2021, driven primarily by $40 million of positive investment fair value changes and $12 million of net interest income. Positive investment fair value changes in the first quarter of 2021 reflected continuing improvement in credit performance and spread tightening, particularly for our re-performing loan ("RPL") and multifamily securities. </span></div><div style="margin-top:8pt;text-align:justify"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">75</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Investment Portfolio</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents details of the investments in our Third-Party Investments segment at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 13 &#8211; Third-Party Investments</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.205%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.207%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential securities at Redwood </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">149,196&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">134,090&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential securities at consolidated Freddie Mac SLST entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">430,976&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">428,179&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily securities at Redwood</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,084&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49,255&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily securities at consolidated Freddie Mac K-Series entity </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,980&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,255&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other investments </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">132,942&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">135,590&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Segment Investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">790,178&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">775,369&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents our economic investment in securities issued by consolidated Freddie Mac SLST securitization entities. For GAAP purposes, we consolidated $2.15 billion of loans and $1.73 billion of ABS issued associated with these investments at March&#160;31, 2021.</span></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents our economic investment in securities issued by a consolidated Freddie Mac K-Series securitization entity. For GAAP purposes, we consolidated $490 million of loans and $461 million of ABS issued associated with this investment at March&#160;31, 2021.</span></div><div style="margin-bottom:9pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Other investments includes our servicer advance investments, which for purposes of this table are presented net of $192 million of non-recourse short-term securitization debt, secured by servicing advances and other servicing-related assets at March&#160;31, 2021. </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the first quarter, we purchased $16 million of CRT and third-party investments, and sold $34 million of CRT and third-party investments.</span></div><div style="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">See the "</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Investments"</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> section that follows for additional details on these investments.</span></div><div style="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the components of investment fair value changes for our Third-Party Investments segment by investment type for the three months ended March&#160;31, 2021.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 14 &#8211; Investment Fair Value Changes, Net from Third-Party Investments</span></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:80.011%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.095%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Investment Fair Value Changes, Net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;Changes in fair value of:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,106&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in Freddie Mac SLST entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,117&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investment in Freddie Mac K-Series entity</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,921&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(160)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,953)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,315&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Recoveries (impairments) on AFS securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">341&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Investment Fair Value Changes, Net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,716&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Includes changes in fair value of the loans held-for-investment and the ABS issued at the entities, which netted together represent the change in value of our investments (subordinate securities) at the consolidated VIEs.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">76</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_163"></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-bottom:9pt;margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Investments</span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This section presents additional details on our investment assets and their activity during the three months ended March&#160;31, 2021. </span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_172"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Real Estate Securities Portfolio</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table sets forth our real estate securities activity by collateral type for the three months ended March&#160;31, 2021.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 15 &#8211; Real Estate Securities Activity by Collateral Type</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.583%"><tr><td style="width:1.0%"></td><td style="width:32.930%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.497%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.312%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.497%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.312%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.497%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.312%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.497%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.731%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.497%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.318%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Multifamily</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Senior</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mezzanine</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mezzanine</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Beginning fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,464&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,663&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">260,743&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49,255&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">344,125&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisitions</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sequoia securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,549&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,078&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,627&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Third-party securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,950&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,930&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,880&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sales</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sequoia securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,664)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,664)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Third-party securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,060)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(20,022)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(22,082)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gains on sales and calls, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,548&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,608&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effect of principal payments </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(26)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,111)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,976)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,113)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in fair value, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,433)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,470&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(125)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30,939&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Ending Fair Value </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,580&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">284,656&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,084&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">364,320&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The effect of principal payments reflects the change in fair value due to principal payments, which is calculated as the cash principal received on a given security during the period multiplied by the prior quarter ending price or acquisition price for that security. </span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">At March&#160;31, 2021, excludes $222&#160;million and $261&#160;million of securities retained from our consolidated Sequoia Choice and CAFL securitizations, respectively, as well as $431&#160;million and $29&#160;million of securities we owned that were issued by consolidated Freddie Mac SLST and Freddie Mac K-Series securitizations, respectively. </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March&#160;31, 2021, we sold $26 million of securities. At March&#160;31, 2021, our securities consisted of fixed-rate assets (85%), adjustable-rate assets (13%), and hybrid assets that reset within the next year (2%).</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We directly finance our holdings of real estate securities with a combination of capital and collateralized debt in the form of repurchase (or &#8220;repo&#8221;) financing. The following table presents the fair value of our residential securities that were financed with repurchase debt at March&#160;31, 2021.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 16 &#8211; Real Estate Securities Financed with Repurchase Debt</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:39.177%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.431%"></td><td style="width:0.1%"></td></tr><tr style="height:21pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Real Estate Securities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Repurchase Debt</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Allocated Capital</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Weighted Average</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Price </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Financing Haircut </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(Dollars in Thousands, except Weighted Average Price)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential Securities</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (4)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63,194&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(52,738)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,456&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">103&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily Securities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(5)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,590&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(28,932)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,658&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">85&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">108,784&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(81,670)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,114&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Amounts represent carrying value of securities, which are held at GAAP fair value. </span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">GAAP fair value per $100 of principal. Weighted average price excludes IO securities.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Allocated capital divided by GAAP fair value. </span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Includes $63 million of securities we owned that were issued by consolidated Sequoia Choice securitizations, which we consolidate in accordance with GAAP.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(5)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Includes $29&#160;million of securities we owned that were issued by a consolidated Freddie Mac K-Series securitization, which we consolidate in accordance with GAAP. </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, we had short-term debt incurred through repurchase facilities of $82 million with three different counterparties, which was secured by $109 million of real estate securities (including securities owned in consolidated securitization entities). </span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">77</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, real estate securities with a fair value of $369 million (including securities owned in consolidated Sequoia Choice and CAFL securitization entities), were financed with long-term, non-mark-to-market recourse debt through our subordinate securities financing facilities. Additionally, at March&#160;31, 2021, we had $431 million of re-performing loan securities financed with $200 million of non-recourse securitization debt. The remaining $398 million of our securities, including certain securities we own that were issued by consolidated securitization entities, were financed with capital.</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_169"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Bridge Loans Held-for-Investment at Redwood Portfolio</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of bridge loans held-for-investment at Redwood during the three months ended March&#160;31, 2021. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 17 &#8211; Bridge Loans Held-for-Investment at Redwood - Activity</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:right"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:78.205%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.901%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fair value at beginning of period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641,765&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sales</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7,000)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfers between portfolios </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">131,894&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfers to REO</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,483)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal repayments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(141,978)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Changes in fair value, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,286&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair Value at End of Period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">All of our bridge loans are originated at our TRS then transferred to our REIT. Origination fees and any mark-to-market changes on these loans prior to transfer are recognized as mortgage banking income. Once the loans are transferred to our REIT, they are classified as held-for-investment, with subsequent fair value changes recorded through Investment fair value changes, net on our consolidated statements of income (loss).</span></div><div style="margin-bottom:9pt;margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our $626 million of b</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ridge loans held-for-investment at March&#160;31, 2021 were comprised of first-lien, interest-only loans with a weighted average c</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">oupon of 7.93% and original maturities of six to 24 months. At origination, the weighted average FICO score of borrowers backing these loans was 745 and the weighted average LTV ratio of these loans was 65%. At March&#160;31, 2021, of the 2,097 loans in this portfolio, 57 of these loans with an aggregate fair value of $17 million and an aggregate unpaid principal balance of $20 million were in foreclosure, of which 31 loans with an aggregate fair value of $15 million and an unpaid principal balance of $18 million were greater than 90 days delinquent.</span></div><div style="margin-bottom:9pt;margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-bottom:9pt;margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-bottom:9pt;margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-bottom:9pt;margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-bottom:9pt;margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-bottom:9pt;margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-bottom:9pt;margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-bottom:9pt;margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-bottom:9pt;margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-bottom:9pt;margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-bottom:9pt;margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-bottom:9pt;margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">78</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_175"></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Taxable Income and Tax Provision</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Taxable Income</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes our taxable income and distributions to shareholders for the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 18 &#8211; Taxable Income </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:67.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.761%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.763%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands, except per Share Data)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021 est. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020 est. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">REIT taxable income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,282&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,527&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Taxable REIT subsidiary income </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53,061&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,411&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Taxable Income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63,343&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,938&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">REIT taxable income per share</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.09&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.33&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total taxable income per share</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.56&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.43&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Distributions to shareholders</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,077&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36,741&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Distributions to shareholders per share</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.16&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.32&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our tax results for the three months ended March&#160;31, 2021 and 2020 are estimates until we file tax returns for these years. </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In accordance with Internal Revenue Code rules applicable to disaster losses, TRS taxable income for the three months ended March 31, 2020, was adjusted to recognize $59 million of losses incurred in the first quarter of 2020 into the fourth quarter of 2019. </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Under normal circumstances, our minimum REIT dividend requirement would be 90% of our annual REIT taxable income. However, we currently maintain a $36 million federal net operating loss carry forward (NOL) at the REIT that affords us the option of retaining REIT taxable income up to the NOL amount, tax free, rather than distributing it as dividends. Federal income tax rules require the dividends paid deduction to be applied to reduce REIT taxable income before the applicability of NOLs is considered; therefore, REIT taxable income must exceed our dividend distribution for us to utilize a portion of our NOL and any remaining amount will carry forward into future years. If annual REIT taxable income, exclusive of the dividends paid deduction, is a taxable loss, the NOL carryforward will be increased by the taxable loss. </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">While the exact amount is uncertain at this time, we currently expect a significant portion of our 2021 dividend distributions to be taxable as ordinary income for federal income tax purposes. Any remaining amount is currently expected to be characterized as a return of capital, which in general is nontaxable (provided it does not exceed a shareholder's tax basis in Redwood shares) and reduces a shareholder's basis in Redwood shares (but not below zero). To the extent such distributions exceed a shareholder's basis in Redwood shares, such excess amount would be taxable as capital gain. Under the federal income tax rules applicable to REITs, none of Redwood&#8217;s 2021 dividend distributions are currently expected to be characterized as long-term capital gain dividends.</span></div><div style="margin-top:12pt"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">79</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Tax Provision under GAAP</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the three months ended March&#160;31, 2021 and 2020, we recorded a tax provision of $12 million and a tax benefit of $22 million, respectively. Our tax provision is primarily derived from the activities at our TRS as we do not book a material tax provision associated with income generated at our REIT. The switch to a provision for income taxes from a benefit from income taxes year-over-year was primarily the result of  GAAP income being recorded at our TRS in 2021 versus TRS GAAP losses in 2020. Our TRS effective tax rate in 2021 is expected to be slightly higher than the federal statutory corporate tax rate, due to a federal valuation allowance and other permanent GAAP to tax differences. The income or loss generated at our TRS will not directly affect the tax characterization of our 2021 dividends.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Realization of our deferred tax assets ("DTAs") is dependent on many factors, including generating sufficient taxable income prior to the expiration of NOL carryforwards and generating sufficient capital gains in future periods prior to the expiration of capital loss carryforwards. We determine the extent to which realization of our DTAs is not assured and establish a valuation allowance accordingly. At December&#160;31, 2020, we reported net federal ordinary and capital DTAs, with a full valuation allowance recorded against our net federal ordinary DTAs based on our analysis, as we determined their realization was not assured. However, no valuation allowance was recorded against our net federal capital DTAs as we currently expect to utilize these DTAs due to our ability to recognize capital losses and carry them back to prior years.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We forecast that we will report net federal ordinary DTAs at December&#160;31, 2021 and, consequently, a valuation allowance remains recorded against our net federal ordinary DTAs. Consistent with prior periods, we continued to maintain a valuation allowance against our net state DTAs. Our estimate of net deferred tax assets could change in future periods to the extent that actual or revised estimates of future taxable income during the carryforward periods change from current expectations.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Potential Taxable Income Volatility</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We expect period-to-period volatility in our estimated taxable income. A description of the factors that can cause this volatility is described in the Taxable Income portion of the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Results of Operations</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> section in the MD&amp;A included in Part II, Item 7, of our Annual Report on Form 10-K.</span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">80</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_178"></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">LIQUIDITY AND CAPITAL RESOURCES </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Summary </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to the proceeds from equity and debt capital-raising transactions, our principal sources of cash consist of borrowings under mortgage loan warehouse facilities, securities repurchase agreements, payments of principal and interest we receive from our investment portfolios, proceeds from the sale of portfolio assets, and cash generated from our operating activities. Our most significant uses of cash are to purchase and originate mortgage loans for our mortgage banking operations, to purchase investment securities and make other investments, to repay principal and interest on our debt, to meet margin calls associated with our debt and other obligations, to make dividend payments on our capital stock, and to fund our operations.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, our total capital was $1.87 billion and included $1.22 billion of equity capital and $650 million of convertible notes and long-term debt on our consolidated balance sheet, including $199 million of convertible debt due in 2023, $150 million of convertible debt due in 2024, $172 million of exchangeable debt due in 2025, and $140 million of trust-preferred securities due in 2037. </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of March&#160;31, 2021, our unrestricted cash was $426 million, and we estimate we had approximately $225 million of capital available for investment. While we believe our available cash is sufficient to fund our operations, we may raise equity or debt capital from time to time to increase our unrestricted cash and liquidity, to repay existing debt, to make long-term portfolio investments, to fund strategic acquisitions and investments, or for other purposes. To the extent we seek to raise additional capital, our approach will continue to be based on what we believe to be in the best interests of the company.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the discussion that follows and throughout this document, we distinguish between marginable and non-marginable debt. When we refer to non-marginable debt and marginable debt, we are referring to whether or not such debt is subject to market value-based margin calls on underlying collateral that is non-delinquent. If a mortgage loan is financed under a marginable warehouse facility, to the extent the market value of the loan declines (which market value is generally determined by the counterparty under the facility), we will be subject to a margin call, meaning we will be required to either immediately reacquire the loan or meet a margin requirement to pledge additional collateral, such as cash or additional residential loans, in an amount at least equal to the decline in value. Non-marginable debt may be subject to a margin call due to delinquency of the mortgage or security being financed, or a decline in the value of the underlying asset securing the collateral. For example, we could be subject to a margin call on non-marginable debt if an appraisal or broker price opinion indicates a decline in the value of the property securing the mortgage loan that is financed by us under a loan warehouse facility.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We also distinguish between recourse and non-recourse debt. When we refer to non-recourse debt, we mean debt that is payable solely from the assets pledged to secure such debt, and under which debt no creditor or lender has direct or indirect recourse to us, or any other entity or person (except for customary exceptions for fraud, acts of insolvency, or other "bad acts"), if such assets are inadequate or unavailable to pay off such debt.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are subject to risks relating to our liquidity and capital resources, including risks relating to incurring debt under residential loan warehouse facilities, securities repurchase facilities, and other short- and long-term debt facilities and other risks relating to our use of derivatives. A further discussion of these risks is set forth below under the heading &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Risks Relating to Debt Incurred under Short-and Long-Term Borrowing Facilities.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">"</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Cash Flows and Liquidity for the Three Months Ended March&#160;31, 2021</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash flows from our mortgage banking activities and our investments can be volatile from quarter to quarter depending on many factors, including the timing and amount of securities acquisitions, sales and repayments, the profitability of mortgage banking activities, as well as changes in interest rates, prepayments, and credit losses. Therefore, cash flows generated in the current period are not necessarily reflective of the long-term cash flows we will receive from these investments or activities. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Cash Flows from Operating Activities </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash flows from operating activities were negative $966 million during the three months ended March&#160;31, 2021. This amount includes the net cash utilized during the period from the purchase and sale of residential mortgage loans and the origination and sale of our business purpose loans associated with our mortgage banking activities. Purchases of loans are financed to a large extent with short-term and long-term debt, for which changes in cash are included as a component of financing activities.&#160;Excluding cash flows from the purchase, origination, sale, and principal payments of loans classified as held-for-sale, cash flows from operating activities were positive $90 million and negative $49 million during the first three months of 2021 and 2020, respectively.</span></div><div style="margin-top:12pt"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">81</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Cash Flows from Investing Activities </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March&#160;31, 2021, our net cash provided by investing activities was $583 million and primarily resulted from proceeds from principal payments on loans held-for-investment. Although we generally intend to hold our loans and investment securities as long-term investments, we may sell certain of these assets in order to manage our liquidity ne</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">eds and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">interest rate risk</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, to meet other operating objectives, and to adapt to market conditions.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Because many of our investment securities and loans are financed through various borrowing agreements, a significant portion of the proceeds from any sales or principal payments of these assets are generally used to repay balances under these financing sources. Similarly, all or a significant portion of cash flows from principal payments of loans at consolidated securitization entities would generally be used to repay ABS issued by those entities.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As presented in the "</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Supplemental Noncash Information</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">" subsection of our consolidated statements of cash flows, during the three months ended March&#160;31, 2021, we transferred loans between held-for-sale and held-for-investment classification and retained securities from securitizations we sponsored, which represent significant non-cash transactions that were not included in cash flows from investing activities.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Cash Flows from Financing Activities </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March&#160;31, 2021, our net cash provided by financing activities was $361 million.&#160;This primarily resulted from $731 million of proceeds from net short-term debt borrowings used to finance higher levels of loan inventory for our mortgage banking businesses, particularly for residential loans held-for-sale, as that business has seen a sustained increase in acquisition volumes. These cash inflows were partially offset by $360 million of net repayments of ABS issued. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March&#160;31, 2021, we declared dividends of $0.16 per common share. On March 10, 2021, the Board of Directors declared a regular dividend of $0.16 per share for the first quarter of 2021, which was paid on March 31, 2021 to shareholders of record on March 24, 2021. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> In accordance with the terms of our outstanding deferred stock units and restricted stock units, which are generally long-term compensation awards, each time we declare and pay a dividend on our common stock, we are required to make a dividend equivalent cash payment in that same per share amount on each outstanding deferred stock unit, cash-settled deferred stock unit, and restricted stock unit.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Repurchase Authorization</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In February 2018, our Board of Directors approved an authorization for the repurchase of our common stock, increasing the total amount authorized for repurchases of common stock to $100 million, and also authorized the repurchase of outstanding debt securities, including convertible and exchangeable debt. This authorization increased the previous share repurchase authorization approved in February 2016 and has no expiration date. This repurchase authorization does not obligate us to acquire any specific number of shares or securities. Under this authorization, shares or securities may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. During the three months ended March&#160;31, 2021, we did not repurchase any shares. At March&#160;31, 2021, $78 million of the current authorization remained available for the repurchase of shares of our common stock and we also continued to be authorized to repurchase outstanding debt securities. Like other investments we may make, any repurchases of our common stock or debt securities under this authorization would reduce our available capital and unrestricted cash described above. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Loan Warehouse Facilities</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We maintain loan warehouse facilities to finance our residential jumbo loan inventory, SFR loan inventory and for our bridge loan investments. These facilities can be classified as short-term or long-term depending on their specific terms and provisions. At March&#160;31, 2021, we had residential warehouse facilities outstanding with five different counterparties, with $1.60 billion of total capacity and $761 million of available capacity. These included non-marginable facilities with $800 million of total capacity and marginable facilities with $800 million of total capacity. At March&#160;31, 2021, we had business purpose warehouse facilities outstanding with four different counterparties, with $1.00&#160;billion of total capacity and $670&#160;million of available capacity. All $1.00&#160;billion of these facilities are non-marginable.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">82</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_181"></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Short-Term Debt </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the ordinary course of our business, we use recourse debt through several different types of borrowing facilities and use cash borrowings under these facilities to, among other things, fund the acquisition of loans (including those we acquire and originate in anticipation of securitization), finance investments in securities and other investments, and otherwise fund our business and operations. At March&#160;31, 2021, we had $1.25 billion of short-term debt outstanding. During the first three months of 2021, the highest balance of our short-term debt outstanding was $1.66 billion.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For further detail on our short-term debt, see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 13</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of our </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Notes to Consolidated Financial Statements</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in Part I, Item 1 of this Quarterly Report on Form 10-Q.</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_184"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Long-Term Debt </span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> There was no significant activity related to our long-term debt during the first quarter of 2021. For further detail on our long-term debt, see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 15</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of our </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Notes to Consolidated Financial Statements</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in Part I, Item 1 of this Quarterly Report on Form 10-Q.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:1pt;font-style:italic;font-weight:400;line-height:120%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Asset-Backed Securities Issued</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March&#160;31, 2021, we issued $147 million of CAFL ABS through our consolidated securitization entities. For further detail on our Asset-backed Securities Issued, see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 14</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of our </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Notes to Consolidated Financial Statements</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in Part I, Item 1 of this Quarterly Report on Form 10-Q.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Other Commitments and Contingencies</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For additional information on commitments and contingencies that could impact our liquidity and capital resources, see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 16</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of our </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Notes to Consolidated Financial Statements</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in Part I, Item 1 of this Quarterly Report on Form 10-Q, which supplements the disclosures included in </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 16 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">to the Financial Statements included in our Annual Report on Form 10-K for the year ended December&#160;31, 2020.</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_187"></div><div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Risks Relating to Debt Incurred Under Short- and Long-Term Borrowing Facilities </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As described above under the heading &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Results of Operations</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">,&#8221; in the ordinary course of our business, we use debt financing obtained through several different types of borrowing facilities to, among other things, finance the acquisition and origination of residential and business purpose mortgage loans (including those we acquire and originate in anticipation of sale or securitization), and finance investments in securities and other investments. We may also use short- and long-term borrowings to fund other aspects of our business and operations, including the repurchase of shares of our common stock. Recourse debt incurred under these facilities is generally either the direct obligation of Redwood Trust, Inc., or the direct obligation of subsidiaries of Redwood Trust, Inc. and guaranteed by Redwood Trust, Inc. Risks relating to debt incurred under these facilities are described in Part I, Item 2 of our Annual Report on Form 10-K for the year ended December&#160;31, 2020, under the caption &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Risks Relating to Debt Incurred under Short- and Long-Term Borrowing Facilities,</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221; and under the caption &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Our use of financial leverage exposes us to increased risks, including liquidity risks from margin calls and potential breaches of the financial covenants under our borrowing facilities, which could result in our being required to immediately repay all outstanding amounts borrowed under these facilities and these facilities being unavailable to use for future financing needs, as well as triggering cross-defaults under other debt agreements</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221; in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2020. Many of the risks described above materialized during the first quarter of 2020 as a result of pandemic- and liquidity-related disruptions and their impacts on the economy and financial markets, as described under the heading &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Management's Discussion and Analysis of Financial Condition and Results of Operations</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221; within our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our sources of debt financing include secured borrowings under residential and business purpose mortgage loan warehouse facilities (including recourse and non-recourse warehouse facilities), short-term securities repurchase facilities, a $10 million committed line of short-term secured credit from a bank, short-term servicer advance financing, a secured, revolving debt facility collateralized by mortgage servicing rights, and subordinate securities financing facilities. During the second quarter of 2020, we repaid secured borrowings by our wholly-owned subsidiary, RWT Financial, LLC, under its borrowing facility with the FHLBC and at March&#160;31, 2021, $1 million of advances remained outstanding. Subsequent to March 31, 2021, we repaid the remaining $1 million of outstanding advances under our borrowing facility with the FHLBC. Under federal regulations applicable to the FHLBC, we can no longer borrow advances from the FHLBC.</span></div><div style="text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">83</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Aggregate borrowing limits are stated under certain of these facilities, and certain other facilities have no stated borrowing limit, but many of the facilities are uncommitted, which means that any request we make to borrow funds under these uncommitted facilities may be declined for any reason, even if at the time of the borrowing request we have then-outstanding borrowings that are less than the borrowing limits under these facilities. In general, financing under these facilities is obtained by transferring or pledging mortgage loans or securities to the counterparty in exchange for cash proceeds (in an amount less than 100% of the principal amount of the transferred or pledged assets). </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Under many of our mortgage loan warehouse facilities, our short-term securities repurchase facilities, and our secured, revolving debt facility collateralized by mortgage service rights, while transferred or pledged assets are financed under the facility, to the extent the value of the assets, or the collateral underlying those assets, declines, we are generally required to either immediately reacquire the assets or meet a margin requirement to transfer or pledge additional assets or cash in an amount at least equal to the decline in value. During the second quarter of 2020, we amended several of our mortgage loan warehouse facilities to revise these margin call provisions to remove obligations to make margin calls for changes in the market value of transferred or pledged assets, which determinations of market value were generally within the sole discretion of the lending counterparty. Under these revised agreements, if the estimated value of a property securing a financed mortgage loan declines, based on, for example, an appraisal or broker-price opinion, then the creditor may demand that we transfer additional collateral to the creditor (in the form of cash, U.S. Treasury obligations (in certain cases), or additional residential mortgage loans) with a value equal to the amount of the decline. Of our active financing arrangements with outstanding balances at March&#160;31, 2021, only our short-term securities repurchase facilities (with $82 million of borrowings outstanding at March&#160;31, 2021), and two of our residential mortgage loan warehouse facilities (with $350 million of borrowings outstanding at March&#160;31, 2021) retain market-value based margin call provisions. </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Margin call provisions under these facilities are further described in Part I, Item 2 of our Annual Report on Form 10-K for the year ended December&#160;31, 2020 under the caption &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Risks Relating to Debt Incurred under Short- and Long-Term Borrowing Facilities - Margin Call Provisions Associated with Short-Term Debt and Other Debt Financing</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.&#8221; Financial covenants included in these facilities are further described Part I, Item 2 of our Annual Report on Form 10-K for the year ended December&#160;31, 2020 under the caption &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Risks Relating to Debt Incurred under Short- and Long-Term Borrowing Facilities - Financial Covenants Associated with Short-Term Debt and Other Debt Financing</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.&#8221;</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Because many of these borrowing facilities are uncommitted, at any given time we may not be able to obtain additional financing under them when we need it, exposing us to, among other things, liquidity risks of the types described in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December&#160;31, 2020 under the heading &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Risk Factors</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">,&#8221; and in Part II, Item&#160;7A of our Annual Report on Form 10-K for the year ended December&#160;31, 2020 under the heading &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Market Risks</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.&#8221; In addition, with respect to mortgage loans that at any given time are already being financed through these warehouse facilities, we are exposed to market, credit, liquidity, and other risks of the types described in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December&#160;31, 2020 under the heading &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Risk Factors</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">,&#8221; and in Part II, Item&#160;7A of our Annual Report on Form 10-K for the year ended December&#160;31, 2020 under the heading &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Market Risks</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">,&#8221; if and when those loans or securities become ineligible to be financed, decline in value, or have been financed for the maximum term permitted under the applicable facility. </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, and through the date of this Quarterly Report on Form 10-Q, we were in compliance with the financial covenants associated with our short-term debt and other debt financing facilities. In particular, with respect to: (i) financial covenants that require us to maintain a minimum dollar amount of stockholders&#8217; equity or tangible net worth at Redwood, at March 31, 2021 our level of stockholders&#8217; equity and tangible net worth resulted in our being in compliance with these covenants by more than $200 million; and (ii) financial covenants that require us to maintain recourse indebtedness below a specified ratio at Redwood, at March 31, 2021 our level of recourse indebtedness resulted in our being in compliance with these covenants at a level such that we could incur at least $600 million in additional recourse indebtedness.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">84</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_190"></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">OFF-BALANCE SHEET ARRANGEMENTS AND CONTRACTUAL OBLIGATIONS </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the normal course of business, we enter into transactions that may require future cash payments. As required by GAAP, some of these obligations are recorded on the balance sheet, while others are off-balance sheet or recorded on the balance sheet in amounts different from the full contract or notional amount of the transaction. </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For additional information on our contractual obligations, see the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Off-Balance Sheet Arrangements and Contractual Obligations</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> section in the MD&amp;A included in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December&#160;31, 2020.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For additional information on our commitments and contingencies as of March&#160;31, 2021, see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 16 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">of our </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Notes to Consolidated Financial Statements </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in Part I, Item 1 of this Quarterly Report on Form 10-Q. </span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_193"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CRITICAL ACCOUNTING POLICIES AND ESTIMATES </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reported periods. Actual results could differ from those estimates. A discussion of critical accounting policies is included in </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 3 &#8212; Summary of Significant Accounting Policies</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> included in Part I, Item&#160;1 of this Quarterly Report on Form 10-Q and in Part I, Item 8 of our Annual Report on Form 10-K for the year ended December&#160;31, 2020. Management discusses the ongoing development and selection of these critical accounting policies with the audit committee of the board of directors.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We expect quarter-to-quarter GAAP earnings volatility from our business activities. This volatility can occur for a variety of reasons, including the timing and amount of purchases, sales, calls, and repayment of consolidated assets, changes in the fair values of consolidated assets and liabilities, increases or decreases in earnings from mortgage banking activities, and certain non-recurring events. In addition, the amount or timing of our reported earnings may be impacted by technical accounting issues and estimates. Our critical accounting policies and the possible effects of changes in estimates on our consolidated financial statements are included in the</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">"</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Critical Accounting Policies and Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">" section of Part II, Item 7 of our Annual Report on Form 10-K for the year ended December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to the regular volatility we may experience on a quarterly basis, the ongoing impact of the pandemic on the United States economy, homeowners, renters of housing, the housing market, the mortgage finance markets and the broader financial markets, has caused additional volatility impacting many of our estimates. It is difficult to fully assess the impact of the pandemic at this time, including because of the uncertainty around the severity and duration of the pandemic domestically and internationally, as well as the uncertainty around the efficacy of Federal, State and local governments&#8217; efforts to contain the spread of the pandemic and respond to its direct and indirect impacts on many aspects of Americans&#8217; lives and economic activity. Continued volatility resulting from the pandemic could impact our critical estimates and lead to significant period-to-period earnings volatility.</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_196"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Market Risks </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We seek to manage risks inherent in our business&#160;&#8212;&#160;including but not limited to credit risk, interest rate risk, prepayment risk, liquidity risk, and fair value risk&#160;&#8212;&#160;in a prudent manner designed to enhance our earnings and dividends and preserve our capital. In general, we seek to assume risks that can be quantified from historical experience, to actively manage such risks, and to maintain capital levels consistent with these risks. Information concerning the risks we are managing, how these risks are changing over time, and potential GAAP earnings and taxable income volatility we may experience as a result of these risks is discussed in Part II, Item 7A of our Annual Report on Form 10-K for the fiscal year ended December&#160;31, 2020. </span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_199"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Other Risks</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to the market and other risks described above, our business and results of operations are subject to a variety of types of risks and uncertainties, including, among other things, those described under the caption &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Risk Factors</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221; in our Annual Report on Form 10-K for the fiscal year ended December&#160;31, 2020.</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_202"></div><div style="margin-top:15pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NEW ACCOUNTING STANDARDS </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A discussion of new accounting standards and the possible effects of these standards on our consolidated financial statements is included in </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 3 &#8212; Summary of Significant Accounting Policies</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> included in Part I, Item&#160;1 of this Quarterly Report on Form 10-Q. </span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">85</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_205"></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 3. Quantitative and Qualitative Disclosures about Market Risk</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Information concerning market risk is incorporated herein by reference to Part II, Item 7A of our Annual Report on Form 10-K for the fiscal year ended December&#160;31, 2020, as supplemented by the information under &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Market Risks</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221; within Item 2 above. Other than the developments described thereunder, including changes in the fair values of our assets, there have been no other material changes in our quantitative or qualitative exposure to market risk since December&#160;31, 2020.</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_208"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 4. Controls and Procedures</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have adopted and maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed on our reports under the Securities Exchange Act of 1934, as amended (the Exchange Act), is recorded, processed, summarized, and reported within the time periods specified in the U.S. Securities and Exchange Commission&#8217;s rules and forms and that the information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate, to allow for timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As required by Rule 13a-15(b) of the Exchange Act, we have carried out an evaluation, under the supervision and with the participation of management, including our chief executive officer and chief financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the quarter covered by this report. Based on the foregoing, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were effective at a reasonable assurance level.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There have been no changes in our internal control over financial reporting during the first quarter of 2021 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.</span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">86</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_211"></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">PART II. OTHER INFORMATION</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_214"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 1. Legal Proceedings</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For information on our legal proceedings, see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 16</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> to the Financial Statements within this Quarterly Report on Form 10-Q under the heading "Loss Contingencies - Litigation, Claims and Demands," which supplements the disclosures included in </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 16 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">to the Financial Statements included in our Annual Report on Form 10-K for the year ended December&#160;31, 2020 under the heading &#8220;Loss Contingencies - Litigation, Claims and Demands.&#8221;</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_217"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 1A. Risk Factors</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our risk factors are discussed under Part I, Item 1A of our Annual Report on Form 10-K for the year ended December&#160;31, 2020.</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_220"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 2. Unregistered Sales of Equity Securities and Use of Proceeds</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March&#160;31, 2021, we did not sell any equity securities that were not registered under the Securities Act of 1933, as amended. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In February 2018, our Board of Directors approved an authorization for the repurchase of our common stock, increasing the total amount authorized for repurchases of common stock to $100 million, and also authorized the repurchase of outstanding debt securities, including convertible and exchangeable debt. This authorization increased the previous share repurchase authorization approved in February 2016 and has no expiration date. This repurchase authorization does not obligate us to acquire any specific number of shares or securities. Under this authorization, shares or securities may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. During the three months ended March&#160;31, 2021, we did not repurchase any shares. At March&#160;31, 2021, $78 million of this current authorization remained available for the repurchase of shares of our common stock and we also continued to be authorized to repurchase outstanding debt securities.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table contains information on the shares of our common stock that we purchased or otherwise acquired during the three months ended March&#160;31, 2021.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:35.150%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.372%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.653%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Number of Shares Purchased or Acquired</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Average<br/>Price per<br/>Share Paid</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Maximum Number (or approximate dollar value) of Shares that May Yet be Purchased under the Plans or Programs</span></td></tr><tr style="height:60pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(In Thousands, except per Share Data)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">January 1, 2021&#160;-&#160;January 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">February 1, 2021&#160;- February 28, 2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.72&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">March 1, 2021&#160;- March 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.84&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">78,369&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.78&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">78,369&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_223"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 3. Defaults Upon Senior Securities</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">None.</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_226"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 4. Not Applicable</span></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_229"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 5. Other Information</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 7, 2021, Redwood Trust, Inc. (the &#8220;Company&#8221;) announced that Brooke E. Carillo will join the Company to serve as its Chief Financial Officer. Ms. Carillo will also act as the Company&#8217;s principal financial officer. Ms. Carillo is expected to start in her role at the Company in May 2021 and will report to the Company&#8217;s Chief Executive Officer. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Collin Cochrane, the Company&#8217;s current Chief Financial Officer, will continue as the Company&#8217;s Chief Financial Officer and principal financial officer until Ms. Carillo&#8217;s employment commences, at which time he will assume the role of the Company&#8217;s Chief Accounting Officer, while continuing to act as the Company&#8217;s principal accounting officer.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">87</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with her appointment, the following compensation terms for Ms. Carillo were approved by the Compensation Committee of the Board of Directors, effective upon the commencement of her employment with the Company: (i) Ms. Carillo&#8217;s base salary will be $675,000 per annum; (ii) Ms. Carillo&#8217;s 2021 target annual bonus will be 165% of actual base salary paid for the period of her employment with the Company during 2021 (subject to the attainment of company financial performance and personal performance metrics), provided that Ms. Carillo&#8217;s year-end cash bonus for 2021 will be not less than $1,000,000; and (iii) Ms. Carillo will receive a 2021 year-end long-term equity award with a grant date value of $1,500,000. Ms. Carillo&#8217;s 2021 year-end long-term equity award is expected to be granted 25% in the form of an award of deferred stock units that will vest over a four-year period on a pro rata basis subject to continued service, 25% in the form of an award of cash-settled deferred stock units that will vest over a four-year period on a pro rata basis subject to continued service, and 50% in the form of performance stock units that will vest, if at all, over a three-year performance vesting period based on the achievement of book value total stockholder return and relative total stockholder return (or other financial performance metric) targets over the three-year performance vesting period and subject to continued service. Ms. Carillo&#8217;s 2021 year-end long-term equity award of deferred stock units, cash settled deferred stock units, and performance stock units are expected to be made pursuant to the Company&#8217;s 2014 Incentive Award Plan (a copy of which is filed as Exhibit 10.1 to the Company&#8217;s Current Report on Form 8-K filed on May 23, 2014) and pursuant to: a deferred stock unit award agreement substantially in the form filed as Exhibit 10.1 to the Company&#8217;s Current Report on Form 8-K filed on December 18, 2020; a cash-settled deferred stock unit award agreement substantially in the form filed as Exhibit 10.2 to the Company&#8217;s Current Report on Form 8-K filed on December 18, 2020; and a performance stock unit award agreement substantially in the form filed as Exhibit 10.3 to the Company&#8217;s Current Report on Form 8-K filed on December 18, 2020.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, and also in connection with her appointment, the following sign-on compensation terms for Ms. Carillo were approved by the Compensation Committee of the Board of Directors, which sign-on compensation will be paid or granted, as applicable, to Ms. Carillo upon the commencement of her employment with the Company: (i) a $500,000 cash sign-on bonus, (ii) a relocation payment of $250,000 in connection with Ms. Carillo&#8217;s relocation from New York to the San Francisco Bay Area in California, and (iii) a sign-on equity award (made pursuant to the Company&#8217;s 2014 Incentive Award Plan) with a grant date value of $1,000,000 to be granted 50% in the form of deferred stock units and 50% in the form of cash-settled deferred stock units, which award will be subject to a one-year vesting period. This sign-on award of deferred stock units and cash-settled deferred stock units to Ms. Carillo will be made pursuant to the Company&#8217;s 2014 Incentive Award Plan and a deferred stock unit award agreement and a cash-settled deferred stock unit award agreement, each substantially in the applicable form referenced above.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the appointment of Ms. Carillo, the Company and Ms. Carillo have entered into an employment agreement, a copy of which is filed as Exhibit 10.2 to this Quarterly Report on Form 10-Q.  Ms. Carillos&#8217;s employment agreement includes, among other things: (i) terms related to her base salary and target annual bonus that are described above, (ii) terms that provide for severance payments, vesting of equity-related and other long-term awards, and continuation of certain fringe benefits, including medical coverage for up to one year following termination, in each case, in the event the Company terminates her employment without &#8220;cause&#8221; or she terminates her employment for &#8220;good reason&#8221; (each as defined in her employment agreement), (iii) terms that provide for certain payments and vesting of equity-related and other long-term awards in the event of her death or disability, and (iv) other terms substantially similar to the Third Amended and Restated Employment Agreement between the Company and the Company&#8217;s President, Dashiell I. Robinson, a copy of which Third Amended and Restated Employment Agreement is filed as Exhibit 10.23 to the Company&#8217;s Annual Report on Form 10-K filed on February 26, 2021.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In particular, the severance terms of Ms. Carillo&#8217;s employment agreement include provisions for her to receive cash severance payments in the event the Company terminates her employment without &#8220;cause&#8221; or she resigns for &#8220;good reason&#8221;. If terminated without &#8220;cause&#8221; or for &#8220;good reason&#8221; and such termination is not a change-in-control related termination (i.e., not a &#8220;CIC termination&#8221;, as defined in her employment agreement), then the aggregate amount of these cash severance payments would equal the sum of (x) an amount equal to the sum of (i) Ms. Carillo&#8217;s annual base salary as in effect immediately prior to her termination and (ii) Ms. Carillo&#8217;s target annual bonus in effect immediately prior to her termination and (y) an amount equal to Ms. Carillo&#8217;s target annual bonus in effect immediately prior to her termination pro-rated for the number of days of employment completed during the year in which her employment is terminated. If such termination is a &#8220;CIC termination&#8221; (as defined in her employment agreement), then instead of the payments described in the preceding sentence, the aggregate amount of these cash severance payments would equal to the sum of (x) Ms. Carillo&#8217;s target annual bonus in effect immediately prior to her termination, prorated for the number of days of employment completed during the year in which her employment terminated; (y) 1.25 times Ms. Carillo&#8217;s annual base salary as in effect immediately prior to her termination; and (z) 1.25 times Ms. Carillo&#8217;s target annual bonus in effect immediately prior to her termination; provided, that the maximum aggregate amount that the Company shall pay to Ms. Carillo in connection with a CIC Termination is $3,750,000.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">88</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A portion of this severance would be paid in a lump sum six months following termination and the remaining 25% would be paid in equal monthly installments over the succeeding six months. In addition, upon either such type of termination, all outstanding equity-related or other long-term awards with time-based vesting would vest in full, and outstanding equity-related or other long-term awards with performance-based vesting would remain outstanding and continue to be eligible to vest based on the relevant performance goals and a reduced number of target shares adjusted on a pro-rata basis to reflect the number of days of employment completed during the vesting period in which termination occurs. Under her employment agreement, receipt of severance payments and benefits are contingent on Ms. Carillo agreeing to execute an agreement releasing all claims against the Company, and compliance with non-solicitation restrictions for a year following a termination for which severance is paid. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Ms. Carillo&#8217;s employment agreement does not permit for the provision of excise tax gross-ups with respect to excise taxes that may be imposed on change-in-control severance payments. Instead, to the extent that any payment or benefit received in connection with a change in control under the agreement would be subject to an excise tax under Section 4999 of the Internal Revenue Code, such payments and/or benefits will be subject to a &#8220;best pay cap&#8221; reduction if such reduction would result in a greater net after-tax benefit to Ms. Carillo than receiving the full amount of such payments.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, and also in connection with the appointment of Ms. Carillo, the Company and Ms. Carillo have entered into a letter agreement, which documents, among other things, certain of the above-described compensation terms for Ms. Carillo, including, among other things, Ms. Carillo&#8217;s: (i) relocation payment, (ii) cash sign-on bonus, (iii) sign-on award of deferred stock units and cash-settled deferred stock units, (iv) minimum year-end cash bonus for 2021, and (v) minimum grant date value of 2021 year-end long-term equity award.  A copy of this letter agreement is filed as Exhibit 10.3 to this Quarterly Report on Form 10-Q.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Ms. Carillo, age 34, was employed at Annaly Capital Management from 2010 to April 2021, most recently serving as the Head of Corporate Development and Strategy. Prior to her employment with Annaly Capital Management, Ms. Carillo worked in investment banking within the Financial Institutions Group at Bank of America Merrill Lynch. Ms. Carillo holds a B.S. in Economics from Duke University.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the commencement of Ms. Carillo&#8217;s employment as Chief Financial Officer, the Company and Ms. Carillo will enter into an indemnification agreement, which generally requires the Company to indemnify and to advance expenses to Ms. Carillo to the maximum extent permitted by Maryland law. A copy of this form of indemnification agreement is filed as Exhibit 99.3 to the Company&#8217;s Current Report on Form 8-K filed on November 16, 2009.  </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">89</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_232"></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="-sec-extract:summary"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 6. Exhibits</span></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:10.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:86.540%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Exhibit <br/>Number</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Exhibit</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/930236/000114420408044180/v121810_ex3-1.htm">Articles of Amendment and Restatement of the Registrant, effective July 6, 1994 (incorporated by reference to the Registrant&#8217;s Quarterly Report on Form 10-Q, Exhibit 3.1, filed on August 6, 2008)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1.1</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/930236/000114420408044180/v121810_ex3-1x1.htm">Articles Supplementary of the Registrant, effective August 10, 1994 (incorporated by reference to the Registrant&#8217;s Quarterly Report on Form 10-Q, Exhibit 3.1.1, filed on August 6, 2008)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1.2</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/930236/000114420408044180/v121810_ex3-1x2.htm">Articles Supplementary of the Registrant, effective August 11, 1995 (incorporated by reference to the Registrant&#8217;s Quarterly Report on Form 10-Q, Exhibit 3.1.2, filed on August 6, 2008)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1.3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/930236/000114420408044180/v121810_ex3-1x3.htm">Articles Supplementary of the Registrant, effective August 9, 1996 (incorporated by reference to the Registrant&#8217;s Quarterly Report on Form 10-Q, Exhibit 3.1.3, filed on August 6, 2008)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1.4</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/930236/000114420408044180/v121810_ex3-1x4.htm">Certificate of Amendment of the Registrant, effective June 30, 1998 (incorporated by reference to the Registrant&#8217;s Quarterly Report on Form 10-Q, Exhibit 3.1.4, filed on August 6, 2008)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1.5</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/930236/000114420408044180/v121810_ex3-1x5.htm">Articles Supplementary of the Registrant, effective April 7, 2003 (incorporated by reference to the Registrant&#8217;s Quarterly Report on Form 10-Q, Exhibit 3.1.5, filed on August 6, 2008)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1.6</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/930236/000114420408044180/v121810_ex3-1x6.htm">Articles of Amendment of the Registrant, effective June 12, 2008 (incorporated by reference to the Registrant&#8217;s Quarterly Report on Form 10-Q, Exhibit 3.1.6, filed on August 6, 2008)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1.7</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/930236/000114420409028950/v150501_ex3-1.htm">Articles of Amendment of the Registrant, effective May 19, 2009 (incorporated by reference to the Registrant&#8217;s Current Report on Form 8-K, Exhibit 3.1, filed on May 21, 2009)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1.8</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/930236/000114420411031423/v223334_ex3-1.htm">Articles of Amendment of the Registrant, effective May 24, 2011 (incorporated by reference to the Registrant&#8217;s Current Report on Form 8-K, Exhibit 3.1, filed on May 20, 2011)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1.9</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/930236/000114420412031009/v313876_ex3-1.htm">Articles of Amendment of the Registrant, effective May 18, 2012 (incorporated by reference to the Registrant&#8217;s Current Report on Form 8-K, Exhibit 3.1, filed on May 21, 2012)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1.10</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/930236/000114420413030794/v345819_ex3-1.htm">Articles of Amendment of the Registrant, effective May 16, 2013 (incorporated by reference to the Registrant&#8217;s Current Report on Form 8-K, Exhibit 3.1, filed on May 21, 2013)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1.11</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/930236/000114420419027121/tv521764_ex3-1.htm">Articles of Amendment of the Registrant, effective May 16, 2019 (incorporated by reference to the Registrant's Current Report on Form 8-K, Exhibit 3.1, filed on May 17, 2019)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1.12</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/930236/000110465920073431/tm2022471d1_ex3-1.htm">Articles of Amendment of the Registrant, effective June 15, 2020 (incorporated by reference to the Registrant&#8217;s Current Report on Form 8-K, Exhibit 3.1, filed on June 15, 2020)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.2.1</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/930236/000093023618000028/rwtex321-2q18.htm">Amended and Restated Bylaws of the Registrant, as adopted on March 5, 2008 (incorporated by reference to the Registrant's Quarterly Report on Form 10-Q, Exhibit 3.2.1, filed on August 8, 2018)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.2.2</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/930236/000093023618000028/rwtex322-2q18.htm">First Amendment to Amended and Restated Bylaws of the Registrant, as adopted on May 17, 2012 (incorporated by reference to the Registrant's Quarterly Report on Form 10-Q, Exhibit 3.2.2, filed on August 8, 2018)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.2.3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/930236/000093023618000028/rwtex3232q18.htm">Second Amendment to Amended and Restated Bylaws of the Registrant, as adopted on May 22, 2018 (incorporated by reference to the Registrant's Quarterly Report on Form 10-Q, Exhibit 3.2.3, filed on August 8, 2018)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.1*</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="rwtex1011q21.htm">Form of Deferred Stock Unit Award Agreement under 2014 Incentive Plan (202</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="rwtex1011q21.htm">1</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="rwtex1011q21.htm"> Form of Award Agreement</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="rwtex1011q21.htm"> for Director Grants</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="rwtex1011q21.htm">)</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="rwtex1011q21.htm"> (filed herewith)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.2*</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="rwtex1021q21.htm">Employment Agreement, dated as of April 20, 2021, by and between Brooke Carillo and the Registrant (filed herewith)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.3*</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="rwtex1031q21.htm">Side Letter Agreement, dated as of April 20, 2021, by and between Brooke Carillo and the Registrant (filed herewith)</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31.1</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="rwtex3111q21.htm">Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31.2</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="rwtex3121q21.htm">Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32.1</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="rwtex3211q21.htm">Certification of the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32.2</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="rwtex3221q21.htm">Certification of the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pursuant to Rule 405 of Regulation S-T, the following financial information from the Company&#8217;s Quarterly Report on Form 10-Q for the period ended March 31, 2021, is filed in inline XBRL-formatted interactive data files:<br/>&#160;<br/>(i) Consolidated Balance Sheets at March 31, 2021 and December 31, 2020;<br/>(ii) Consolidated Statements of Income (Loss) for the three months ended March 31, 2021 and 2020;<br/>(iii) Statements of Consolidated Comprehensive Income (Loss) for the three months ended March 31, 2021 and 2020;<br/>(iv) Consolidated Statements of Changes in Stockholders' Equity for the three months ended March 31, 2021 and 2020;<br/>(v) Consolidated Statements of Cash Flows for the three months ended March 31, 2021 and 2020; and<br/>(vi) Notes to Consolidated Financial Statements.</span></td></tr></table></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="-sec-extract:summary;padding-left:265.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">90</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:10.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:86.540%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Exhibit <br/>Number</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Exhibit</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)</span></td></tr></table></div><div style="margin-bottom:12pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">______________________</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">*  </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicates exhibits that include management contracts or compensatory plan arrangements.</span></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="-sec-extract:summary;padding-left:265.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">91</span></div></div></div><div id="ibbb1cfc257ec4428ade8d1d12a26495b_235"></div><hr style="page-break-after:always"/><div style="min-height:54pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.594%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:44.872%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.234%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">REDWOOD TRUST, INC.</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">May 7, 2021</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Christopher J. Abate</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Christopher J. Abate</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Executive Officer</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Principal Executive Officer)</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:20.25pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date:</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">May 7, 2021</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:20.25pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Collin L. Cochrane</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Collin L. Cochrane</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Financial Officer</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Principal Financial and Accounting Officer)</span></td></tr></table></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-left:265.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">92</span></div></div></div></body></html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>rwtex1011q21.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2021 Workiva -->
<title>Document</title></head><body><div id="ic1d2d2ab73c04c4a89f4cbb77c92ab6e_1"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Exhibit 10.1</font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REDWOOD TRUST, INC.</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">DEFERRED STOCK UNIT AWARD AGREEMENT</font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">DEFERRED STOCK UNIT AWARD AGREEMENT</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> dated as of the &#91;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#93; day of &#91;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Month</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#93; &#91;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Year</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#93; (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Award Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;), by and between Redwood Trust, Inc., a Maryland corporation (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Company</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;), and &#91;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">First Name</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#93; &#91;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Last Name</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#93;, an employee, consultant or non-employee director of the Company (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Participant</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;).</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the Redwood Trust, Inc. Amended and Restated 2014 Incentive Award Plan (as may be amended from time to time, the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Plan</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;), the Compensation Committee (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Committee</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;) of the Board of Directors of the Company has determined that the Participant is to be granted an award of Deferred Stock Units for shares of the Company&#8217;s common stock, par value $0.01 per share (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Common Stock</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;), on the terms and conditions set forth herein (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Award</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;), and the Company hereby grants such Award.&#160;&#160;This Award is being made in connection with a deferral of compensation by the Participant pursuant to the Redwood Trust, Inc. Executive Deferred Compensation Plan, as amended to date (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Deferred Compensation Plan</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;), and the executed Deferral Election attached hereto as </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Exhibit A</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Deferral Election</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;). Any capitalized terms not defined herein shall have the meaning set forth in the Plan or the Deferred Compensation Plan, as applicable.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Number of Shares Awarded&#59; Deferral Election</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;This Award entitles the Participant to receive &#91;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Number of shares </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(_____)&#93; shares of Common Stock (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Award Shares</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;), in connection with the expiration of the Restricted Period described below.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Dividends</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;In accordance with Section 10.4 of the Plan, the number of Award Shares set forth in Section 1 shall not be adjusted to reflect the payment of regular cash dividends declared on Common Stock during the Restricted Period.&#160;&#160;The&#160;Participant will instead be entitled to a Dividend Equivalent (each, a &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">DER</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;) for each Award Share pursuant to which the Participant will be entitled to receive, pursuant to the Plan and the Deferred Compensation Plan and in accordance with the applicable Deferral Election, an amount equal to the aggregate regular cash dividends with a record date after the Grant Date (as defined below) and prior to the date the Award Share is settled or forfeited that would have been payable to the Participant with respect to the share of Common Stock underlying the Award Share had it been outstanding on the applicable record date.  DERs shall remain outstanding from the Grant Date until the earlier of the payment or forfeiture of the underlying Award Share, at which point, the corresponding DER will be forfeited.  Subject to an applicable Deferral Election, any amounts that may become payable in respect of this Section 2 shall be paid as and when the dividends in respect of which such DER payments arise are paid to holders of Common Stock, without regard to the vested status of the underlying Award Share.  Any amounts that may become payable in respect of this Section 2 shall be treated separately from the Award Shares and the rights arising in connection therewith for purposes of Section 409A of the Code.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">3.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Vesting and Restricted Periods</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;</font></div><div style="text-align:justify;text-indent:45pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:24.91pt">The Award Shares shall be fully vested on the Grant Date (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Vested Award Shares</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;).  Award Shares shall be delivered to the Participant at the time or times provided in the Deferral Election and the Deferred Compensation Plan (or any re-deferral election made in accordance with Section 409A of the Code and the terms of the Deferred Compensation Plan).  Vested Award Shares shall not be forfeited in the event of the Participant&#8217;s Termination of Service but rather delivery of such Vested Award Shares shall continue to be governed by the terms of the Deferral Election and the Deferred Compensation Plan (or any re-deferral election made in accordance with Section 409A of the Code and the terms of the Deferred Compensation Plan).  </font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:24.34pt">For purposes of this Agreement, the following terms have the meanings set forth below&#58; </font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(i) &#160;&#160;&#160;&#160;&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Grant Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221; means the date first written above in this Agreement.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(ii)&#160;&#160;&#160;&#160;&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Restricted Period</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221; means the period from the date of this Award to the applicable date or dates specified for delivery of such shares.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div><div><font><br></font></div></div></div><div id="ic1d2d2ab73c04c4a89f4cbb77c92ab6e_4"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">   &#160;&#160;&#160;&#160;</font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Service Relationship Unchanged by Award</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;This Award Agreement is not an employment or service contract and nothing in this Award Agreement shall be deemed to create in any way whatsoever any obligation of the Participant to continue as an Employee, Consultant or Director of the Company or on the part of the Company to continue the employment or other service relationship of the Participant with the Company.</font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">5.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Notices</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;Any notice required or permitted under this Award Agreement shall be deemed given when delivered personally, or when deposited in a United States Post Office, postage prepaid, addressed, as appropriate, to the Participant either at the Participant&#8217;s address set forth below or such other address as the Participant may designate in writing to the Company, and to the Company&#58;&#160;&#160;Attention&#58;&#160;&#160;General Counsel, at the Company&#8217;s address or such other address as the Company may designate in writing to the Participant.</font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">6.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Failure to Enforce Not a Waiver</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;The failure of the Company to enforce at any time any provision of this Award Agreement shall in no way be construed to be a waiver of such provision or of any other provision hereof.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">7.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">&#160;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">&#91;Reserved&#93;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">.  </font></div><div style="text-align:justify;text-indent:45pt"><font><br></font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">8. &#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Existing Agreements</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;This Award Agreement does not supersede nor does it modify any existing agreements between the Participant and the Company.</font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">9.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Incorporation of Plan</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;The Plan incorporated by reference and made a part of this Award Agreement, and this Award Agreement is subject to all terms and conditions of the Plan and the Deferred Compensation Plan as in effect from time to time.&#160;&#160;</font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">10.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Amendments</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;This Award Agreement may be amended or modified at any time by an instrument in writing signed by the parties hereto.&#160;&#160;Notwithstanding the foregoing, the Deferral Election shall be irrevocable and the date(s) specified for distribution of Vested Award Shares may not be modified after the date hereof except as otherwise permitted under Section 409A of the Code.</font></div><div style="text-align:justify;text-indent:45pt"><font><br></font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">11. &#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Withholding</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;The Company shall withhold, or cause to be withheld, Award Shares or other compensation otherwise vesting or issuable under this Award in satisfaction of any applicable withholding tax obligations. The number of Award Shares which may be so withheld or surrendered shall be limited to the number of Award Shares which have a fair market value on the date of withholding no greater than the aggregate amount of such liabilities based on the maximum individual statutory withholding rates in the Participant&#8217;s applicable jurisdictions for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such taxable income.  </font></div><div style="text-align:justify;text-indent:45pt"><font><br></font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">12.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Section 409A</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.  Notwithstanding anything to the contrary contained in this Award Agreement, this Award Agreement is intended to comply with Section 409A of the Code and this Award Agreement, the Plan and the Deferred Compensation Plan shall be interpreted in a manner consistent with such intent, and any provisions of this Award Agreement, the Plan or the Deferred Compensation Plan that would cause the Award to fail to satisfy the requirements for an effective deferral of compensation under Section 409A of the Code shall have no force and effect.  Notwithstanding anything to the contrary in this Award Agreement, no amounts shall be paid to the Participant under this Award Agreement during the six (6)-month period following the Participant&#8217;s &#8220;separation from service&#8221; (within the meaning of Section 409A of the Code) to the extent that the Administrator determines that the Participant is a &#8220;specified employee&#8221; (within the meaning of Section 409A of the Code) at the time of such separation from service and that paying such amounts at the time or times indicated in this Award Agreement would be a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code.  If the payment of any such amounts is delayed as a result of the previous sentence, then on the first business day following the end of such six (6)-month period (or such earlier date upon which such amount can be paid under Section 409A of the Code without being subject to such additional taxes), the Company shall pay to the Participant in a lump-sum all amounts that would have otherwise been payable to the Participant during such six (6)-month period under this Award Agreement.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#91;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Signature page follows</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#93;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">&#160; </font></div><div style="margin-bottom:10pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">&#160; </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</font></div><div style="text-align:justify;text-indent:45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">IN WITNESS WHEREOF</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, the parties have executed this Award Agreement on the day and year first above written.</font></div><div><font><br></font></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:52.403%"><tr><td style="width:1.0%"></td><td style="width:9.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:88.197%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:125%">REDWOOD TRUST, INC.</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">By&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#91;Andrew P. Stone&#93;</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#91;Chief Legal Officer &#38; Secretary&#93;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">One Belvedere Place, Suite 300</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">Mill Valley, CA&#160;&#160;94941</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The undersigned hereby accepts and agrees to all the terms and provisions of this Award Agreement and to all the terms and provisions of the Plan herein incorporated by reference.</font></div></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160; </font></div></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">&#91;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:133%">First Name</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">&#93; &#91;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:133%">Last Name</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">&#93;</font></div></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">c&#47;o Redwood Trust, Inc.</font></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">One Belvedere Place, Suite 300</font></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">Mill Valley, CA&#160;&#160;94941</font></td></tr></table></div><div id="ic1d2d2ab73c04c4a89f4cbb77c92ab6e_7"></div><div style="text-align:center"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div></div></div><div id="ic1d2d2ab73c04c4a89f4cbb77c92ab6e_10"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">EXHIBIT A</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Deferral Election</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#91;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">see attached</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#93;</font></div><div id="ic1d2d2ab73c04c4a89f4cbb77c92ab6e_13"></div><div style="margin-bottom:0.1pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>rwtex1021q21.htm
<DESCRIPTION>EX-10.2
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2021 Workiva -->
<title>Document</title></head><body><div id="i44fabd52bf434f50b17541d98edcd614_1"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Exhibit 10.2</font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:139%"><br>EMPLOYMENT AGREEMENT</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">This Employment Agreement (&#8220;Agreement&#8221;), dated as of April 20, 2021, is entered into by and between Brooke Carillo</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(the &#8220;Executive&#8221;) and </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Redwood Trust, Inc.,</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> a Maryland corporation (the &#8220;Company&#8221;).  This Agreement shall become effective on the date on which the Executive commences employment with the Company (the &#8220;Effective Date&#8221;), provided such employment commencement date is on or before June 28, 2021.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">As of the Effective Date, the Company desires to establish its right to the services of the Executive, in the capacity, on the terms and conditions, and subject to the rights of termination hereinafter set forth, and, as of the Effective Date, the Executive is willing to accept such employment in such capacity, on such terms and conditions, and subject to such rights of termination. </font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">In consideration of the mutual agreements hereinafter set forth, as of the Effective Date, the Executive and the Company have agreed and do hereby agree as follows&#58;</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">1. Employment and Responsibilities. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">During the Term, the Executive shall serve as Chief Financial Officer (and principal financial officer) of the Company, reporting to the Chief Executive Officer of the Company, with responsibilities, duties and authority customary for such position.&#160; The Executive does hereby accept and agree to such employment. The Chief Executive Officer may, from time to time, in his sole discretion, modify, reassign and&#47;or augment the Executive&#8217;s responsibilities, subject to prior approval by the Board of Directors of the Company (the &#8220;Board&#8221;), and any such modification, reassignment and&#47;or augmentation shall be deemed a waiver by the Executive of her rights under Section 6(e)(i) hereof only with her express prior written consent.  Any such modification, reassignment or augmentation of responsibilities shall be in writing.  The Executive shall devote such time, energy and skill to the performance of her duties for the Company and for the benefit of the Company as may be necessary or required for the effective conduct and operation of the Company&#8217;s business. Furthermore, the Executive shall act only in good faith and exercise due diligence and care in the performance of her duties to the Company under this Agreement.</font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:139%">  </font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">2. Term of Agreement.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The term of this Agreement (the &#8220;Term&#8221;) shall commence on the Effective Date and shall continue through December 31, 2021&#59; provided, however, that (i) on January 1, 2022 and each succeeding January 1, the Term shall automatically be extended for one additional year unless, not later than three months prior to any such January 1, either party shall have given written notice to the other that it does not wish to extend the Term and (ii) such one year extensions of the Term shall not occur on and after the January 1 of the year in which the Executive will attain age sixty-five (65) but instead the Term shall be extended only until the date of the Executive&#8217;s sixty-fifth (65th) birthday.</font></div><div style="margin-bottom:8pt"><font><br></font></div><div style="margin-bottom:0.08pt"><font><br></font></div><div style="margin-bottom:0.08pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><div id="i44fabd52bf434f50b17541d98edcd614_4"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:139%">3. Compensation.</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(a) &#160;&#160;&#160;Base Salary.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The Company shall pay the Executive, and the Executive agrees to accept from the Company, in payment for her services to the Company a base salary (the &#8220;Base Salary&#8221;) at the rate of not less than $675,000 per year, paid in accordance with the customary payroll practices of the Company subject to annual review and increase by the Board in its sole discretion (or by the Board&#8217;s separately designated Compensation Committee in its sole discretion).  For the avoidance of doubt, references to the Board in this Section 3 shall include the Board&#8217;s separately designated Compensation Committee. </font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(b) &#160;&#160;&#160;Performance Bonus - Board of Directors&#8217; Discretion.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The Executive shall be eligible to receive an annual bonus. The Board in its discretion will determine whether such annual bonus will be paid, the amount of such bonus and its form of payment. The Executive&#8217;s target annual bonus amount is 165% of her Base Salary (the &#8220;Target Bonus&#8221;). If the Board determines in its discretion that the Executive&#8217;s performance meets or exceeds the criteria established by the Board for the award of a Target Bonus, the Board may award the Executive the Target Bonus or a higher amount. Likewise, if the Executive&#8217;s performance does not meet said criteria, the Board may award a lesser amount, or no bonus may be awarded. Unless otherwise provided in this Agreement, the Executive&#8217;s eligibility to receive any bonus under this Section 3(b) shall be expressly conditioned on, among other things, the Executive remaining employed with the Company up through any designated distribution date set by the Board.</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(c) &#160;&#160;&#160;Equity Incentive Awards.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> Executive shall be eligible to receive grants of equity-based long-term incentive awards, which may include options to purchase Company stock, performance or restricted stock units and Company restricted stock contributions to Company&#8217;s deferred compensation plan, or other equity-based awards. Such awards shall be determined in the discretion of the Board and the Executive shall be eligible for consideration for such awards in the same manner as other senior executive officers of the Company. In the event of a &#8220;Change of Control&#8221; (as defined in Exhibit D attached hereto) in which the surviving or acquiring corporation does not assume the Executive&#8217;s outstanding equity-related awards (including options and equity-based awards granted both before and after the Effective Date) or substitute similar equity-related awards of substantially equivalent value, such equity-related awards shall immediately vest and become exercisable if the Executive&#8217;s service with the Company has not terminated before the effective date of the Change of Control&#59; provided, however, that the foregoing provision shall only apply if the Company is not the surviving corporation or if shares of the Company&#8217;s common stock are converted into or exchanged for other securities or cash.</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(d)   Annual Review.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The Executive&#8217;s performance shall be reviewed at least annually. The performance evaluations shall consider and assess the Executive&#8217;s performance of her duties and responsibilities, the timely accomplishment of existing performance objectives, her level of efficiency and overall effectiveness and&#47;or other factors or criteria that the Company, in its sole discretion, may deem relevant. The frequency of performance evaluations may vary depending upon, among other things, length of service, past performance, changes in job duties or performance levels. The Board shall, at least annually, review the Executive&#8217;s entire </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">compensation package to determine whether it continues to meet the Company&#8217;s compensation objectives. Such annual review will include a determination of (i) whether to increase the Base Salary in accordance with Section 3(a)&#59; (ii) the incentive performance bonus to be awarded in accordance with Section 3(b)&#59; and (iii) the amount and type of any equity awards granted in accordance with Section 3(c). Positive performance evaluations do not guarantee salary increases or incentive bonuses. Salary increases and incentive bonus awards are solely within the discretion of the Board and may depend upon many factors other than the Executive&#8217;s performance.</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">4. Fringe Benefits.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The Executive shall be entitled to participate in any benefit programs adopted from time to time by the Company for the benefit of its senior executive officers, and the Executive shall be entitled to receive such other fringe benefits as may be granted to her from time to time by the Board.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(a)     Benefit Plans.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The Executive shall be entitled to participate in any benefit plans relating to equity-based compensation awards, pension, thrift, profit sharing, life insurance, medical coverage, education, deferred compensation, or other retirement or employee benefits available to senior executive officers of the Company, subject to any restrictions (including waiting periods) specified in such plans and&#47;or related individual agreements. The Company shall make commercially reasonable efforts to obtain medical and disability insurance, and such other forms of insurance as the Board shall from time to time determine, for its senior executive officers.</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(b)    Paid Time Off.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The Executive shall be entitled to paid time off (&#8220;PTO&#8221;) each calendar year pursuant to the Company&#8217;s policies applicable to senior executive officers of the Company, as in effect from time to time and consistent with the Executive&#8217;s satisfactory performance of the duties set forth in Section 1. </font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">5. Business Expenses.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The Company shall reimburse the Executive for any and all necessary, customary and usual expenses, properly receipted in accordance with Company policies, incurred by Executive on behalf of the Company.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">6. Termination of Executive&#8217;s Employment.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(a) Death.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> If the Executive dies while employed by the Company, her employment shall immediately terminate. The Company&#8217;s obligation to pay the Executive&#8217;s Base Salary shall cease as of the date of the Executive&#8217;s death, and any unpaid Base Salary shall be paid to the Executive&#8217;s estate. In addition, within fifteen (15) days of the Executive&#8217;s death, the Company shall pay to the Executive&#8217;s estate an incentive performance bonus based on Executive&#8217;s Target Bonus then in effect, prorated for the number of days of employment completed by the Executive during the year of her death. Executive&#8217;s beneficiaries or her estate shall receive benefits in accordance with the Company&#8217;s retirement, insurance and other applicable programs and plans then in effect. All stock options or other equity-related awards with time-based vesting, including deferred or restricted stock units, shall vest in full and, in the case of stock options, shall be exercisable for such period as set forth in the applicable award </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">agreement by which such awards are evidenced (but in no event for a period of less than one year or through the expiration date of the stock option, whichever is earlier). All stock options or other equity-related awards with performance-based vesting, including performance stock units, shall remain outstanding and shall continue to be eligible to vest and become payable based on the number of target shares and the performance goals set forth in the applicable award agreement by which such awards are evidenced, with any stock options remaining exercisable for such period as set forth in the applicable award agreement (but in no event for a period of less than one year or through the expiration date of the stock option, whichever is earlier). In addition, in the event the Company grants to the Executive a cash-settled equity award or a long-term incentive compensation award payable in cash, this Section 6(a) shall apply, mutatis mutandis, to any such award(s).</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(b) Disability.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> If, as a result of the Executive&#8217;s incapacity due to physical or mental illness (&#8220;Disability&#8221;), Executive shall have been absent from the full-time performance of her duties with the Company for six (6) consecutive months, and, within thirty (30) days after written notice is provided to her by the Company, she shall not have returned to the full-time performance of her duties, the Executive&#8217;s employment under this Agreement may be terminated by the Company for Disability. During any period prior to such termination during which the Executive is absent from the full-time performance of her duties with the Company due to Disability, the Company shall continue to pay the Executive her Base Salary at the rate in effect at the commencement of such period of Disability and any earned but unpaid annual bonus from a prior service year. Subsequent to such termination, the Executive&#8217;s benefits shall be determined under the Company&#8217;s retirement, insurance and other compensation programs then in effect in accordance with the terms of such programs. In addition, within fifteen (15) days of such termination, the Company shall pay to the Executive an incentive performance bonus based on Executive&#8217;s Target Bonus then in effect, prorated for the number of days of employment completed by the Executive during the year in which her employment terminated. The Executive, the Executive&#8217;s beneficiaries or her estate shall receive benefits in accordance with the Company&#8217;s retirement, insurance and other applicable programs and plans then in effect. All stock options or other equity-related awards with time-based vesting, including deferred or restricted stock units, shall vest in full and, in the case of stock options, shall be exercisable for such period as set forth in the applicable award agreement by which such awards are evidenced (but in no event for a period of less than one year or through the expiration date of the stock option, whichever is earlier). All stock options or other equity-related awards with performance-based vesting, including performance stock units, shall remain outstanding and shall continue to be eligible to vest and become payable based on the number of target shares and the performance goals set forth in the applicable award agreement by which such awards are evidenced, with any stock options remaining exercisable for such period as set forth in the applicable award agreement (but in no event for a period of less than one year or through the expiration date of the stock option, whichever is earlier). In addition, in the event the Company grants to the Executive a cash-settled equity award or a long-term incentive compensation award payable in cash, this Section 6(b) shall apply, mutatis mutandis, to any such award(s).</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(c) Termination By The Company For Cause.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The Company may terminate the Executive&#8217;s employment under this Agreement for Cause, at any time prior to expiration of the </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Term of the Agreement&#59; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">provided</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">, </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">however</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">, that prior to any termination of employment for Cause pursuant to subsection (i), (ii), or (iii) below, the Company must first provide written notice describing the reason for such termination of employment (and, with respect to subsections (ii) and (iii) below, such notice may be provided on the same date as the termination date). For purposes of this Agreement, &#8220;Cause&#8221; shall mean (i) the Executive&#8217;s material failure to substantially perform the reasonable and lawful duties of her position for the Company, which failure shall continue for thirty (30) days after written notice thereof by the Company to the Executive&#59; (ii) acts or omissions constituting gross negligence, recklessness or willful misconduct on the part of the Executive in respect of the performance of her duties hereunder, her fiduciary obligations or otherwise relating to the business of the Company&#59; (iii) the habitual or repeated neglect of her duties by Executive&#59; (iv) the Executive&#8217;s conviction of a felony&#59; (v) theft or embezzlement, or attempted theft or embezzlement, of money or tangible or intangible assets or property of the Company or its employees, customers, clients, or others having business relations with the Company&#59; (vi) any act of moral turpitude by Executive injurious to the interest, property, operations, business or reputation of the Company&#59; or (vii) unauthorized use or disclosure of trade secrets or confidential or proprietary information pertaining to Company business.</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">In the event of a termination under this Section 6(c), the Company will pay only the portion of Base Salary or previously awarded bonus unpaid as of the termination date. Fringe benefits which have accrued and&#47;or vested on the termination date will continue in effect according to their terms.</font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(d) Termination By The Company Without Cause.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The Company may terminate Executive&#8217;s employment hereunder at any time without Cause upon 30 days written notice to Executive or pay in lieu thereof. In the event of a termination under this Section 6(d), the Executive shall be entitled to the benefits set forth in Section 7.</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:144%">(e) Termination By The Executive For Good Reason.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:144%"> The Executive shall have the right to terminate the Officer&#8217;s employment under this Agreement for Good Reason, at any time prior to expiration of the Term of the Agreement. For purposes of this Agreement, &#8220;Good Reason&#8221; shall mean the occurrence, without the Executive&#8217;s express written consent, of any one or more of the following events&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:144%;position:relative;top:-2.8pt;vertical-align:baseline"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:144%">&#160;</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:125%">(i) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">A material reduction in Executive&#8217;s responsibilities, title, duties or authority, including, without limitation, (A) Executive ceasing to serve as the chief financial officer of a publicly traded company or (B) on or after a Change of Control, if as a result of such Change of Control, the Company becomes a subsidiary of another entity and Executive is not appointed (or after appointment, ceases) to be the chief financial officer of the top-tier parent entity of the Company (or its successor)&#59;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:125%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">provided that, for the avoidance of doubt, the appointment of Executive to a top-tier parent entity that is not publicly traded does not eliminate Executive&#8217;s rights under sub-clause (A) above&#59;  </font></div><div style="text-align:justify;text-indent:108pt"><font><br></font></div><div style="text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(ii) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">A material reduction in the Executive&#8217;s Base Salary or a material reduction by the Company in the value of the Executive&#8217;s total compensation package (salary, </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">bonus opportunity, equity incentive award opportunity and benefits) if such a reduction is not made in proportion to an across-the-board reduction for all senior executives of the Company&#59;</font></div><div style="text-align:justify;text-indent:108pt"><font><br></font></div><div style="text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(iii) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">The relocation of the Executive&#8217;s principal Company office to a location more than twenty-five (25) miles from its location as of the Effective Date (which location is the Company&#8217;s headquarters in Mill Valley, California), except for required travel on the Company&#8217;s business to the extent necessary to fulfill the Executive&#8217;s obligations under Section 1&#59;</font></div><div style="text-align:justify;text-indent:108pt"><font><br></font></div><div style="text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(iv) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">A failure by the Company at any time to renew this Agreement for successive one-year periods pursuant to Section 2&#59;</font></div><div style="text-align:justify;text-indent:108pt"><font><br></font></div><div style="text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(v) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">The complete liquidation of the Company&#59; or</font></div><div style="text-align:justify;text-indent:108pt"><font><br></font></div><div style="text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(vi) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">In the event of a merger, consolidation, transfer, or closing of a sale of all or substantially all the assets of the Company with or to any other individual or entity, the failure of the Company&#8217;s successor to affirmatively adopt this Agreement or to otherwise comply with its obligations pursuant to Section 13 below.</font></div><div style="text-align:justify;text-indent:108pt"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Notwithstanding the foregoing, the Executive will not be deemed to have resigned for Good Reason for purposes of subclause (i) unless (1) the Executive provides the Company with written notice setting forth in reasonable detail the facts and circumstances claimed by the Executive to constitute Good Reason within ninety (90) days after the date of the occurrence of any event that the Executive knows or should reasonably have known to constitute Good Reason, (2) the Company fails to cure such acts or omissions within thirty (30) days following its receipt of such notice, and (3) the effective date of the Executive&#8217;s termination for Good Reason occurs no later than thirty (30) days after the expiration of the Company&#8217;s cure period. In the event of a termination under this Section 6(e), the Executive shall be entitled to the benefits set forth in Section 7. </font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%"> (f) Termination By The Executive Without Good Reason. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">The Executive may at any time during the Term terminate her employment hereunder for any reason or no reason by giving the Company notice in writing not less than sixty (60) days in advance of such termination. The Executive shall have no further obligations to the Company after the effective date of termination, as set forth in the notice. In the event of a termination by the Executive under this Section 6(f), the Company will pay only the portion of Base Salary or previously awarded bonus unpaid as of the termination date. Fringe benefits which have accrued and&#47;or vested on the termination date will continue in effect according to their terms.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">7. Compensation Upon Termination By the Company without Cause or By The Executive for Good Reason</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">.</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(a) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">If the Executive&#8217;s employment shall be terminated by the Company without Cause or by the Executive for Good Reason, the Executive shall be entitled to the following benefits&#58;</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(i) Payment of Unpaid Base Salary.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The Company shall immediately pay the Executive any portion of the Executive&#8217;s Base Salary through the date of termination or previously awarded bonus not paid prior to the termination date.</font></div><div style="text-align:justify;text-indent:108pt"><font><br></font></div><div style="text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(ii) Severance Payment.</font></div><div style="text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:justify;text-indent:144pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(A)  In the event such termination is not a CIC Termination (as defined below), then the Company shall provide the Executive (x) an amount equal to one (1.0) times the sum of (i) Executive&#8217;s Annual Base Salary as in effect immediately prior to her termination and (ii) Executive&#8217;s Target Bonus in effect immediately prior to her termination and (y) an amount equal to the Executive&#8217;s Target Bonus in effect immediately prior to her termination pro-rated for the number of days of employment completed by the Executive during the year in which her employment is terminated.</font></div><div style="text-align:justify;text-indent:144pt"><font><br></font></div><div style="text-align:justify;text-indent:144pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(B)  In the event such termination of employment occurs within three months prior to, on, or within 24 months following a Change of Control (a &#8220;CIC Termination&#8221;), then instead of providing the payments in Section 7(a)(ii)(A), the Company shall provide the Executive an amount equal to the sum of (x) the Executive&#8217;s Target Bonus in effect immediately prior to her termination, prorated for the number of days of employment completed by the Executive during the year in which her employment terminated&#59; (y) one-and-one-quarter (1.25) times the Executive&#8217;s Annual Base Salary as in effect immediately prior to her termination&#59; and (z) one-and-one-quarter (1.25) times the Executive&#8217;s Target Bonus in effect immediately prior to her termination.  Notwithstanding the foregoing, the maximum aggregate amount that the Company shall pay to the Executive pursuant to this Section 7(a)(ii)(B) is $3,750,000. </font></div><div style="text-align:justify;text-indent:144pt"><font><br></font></div><div style="text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(iii) Equity Awards.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> All stock options or other equity-related awards with time-based vesting, including deferred or restricted stock units, shall vest in full and, in the case of stock options, shall be exercisable for such period as set forth in the applicable award agreement by which such awards are evidenced (but in no event for a period of less than two years or through the expiration date of the stock option, whichever is earlier). If the Executive&#8217;s employment shall be terminated by the Company without Cause, all stock options or other equity-related awards with performance-based vesting, including performance stock units, shall remain outstanding and shall continue to be eligible to vest and become payable or exercisable based on (x) the performance goals set forth in the applicable award agreement by which such awards are evidenced and (y) a reduced number of target shares adjusted on a pro-rata basis to reflect the number of days of employment completed during the applicable vesting period in which termination occurs, with any stock options remaining exercisable for such period as set forth in the applicable award agreement (but in no event for a period of less than two years or through the expiration date of the stock option, whichever is earlier). If the Executive&#8217;s employment shall be terminated by the Executive for Good Reason, all stock options or other equity-related awards with performance-based vesting, including performance stock units, shall remain outstanding and shall continue to be eligible to vest and become payable based on the number of target shares and the performance goals set forth in the applicable award agreement by which such awards are evidenced, with any stock options remaining exercisable for such period </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">as set forth in the applicable award agreement (but in no event for a period of less than two years or through the expiration date of the stock option, whichever is earlier).  In addition, in the event the Company grants to the Executive a cash-settled equity award or a long-term incentive compensation award payable in cash, this Section 7(a)(iii) shall apply, mutatis mutandis, to any such award(s).</font></div><div style="text-align:justify;text-indent:108pt"><font><br></font></div><div style="text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(iv) Continuation of Fringe Benefits.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> For a period of up to nine (9)  months (or, in the event of a CIC Termination, twelve (12) months) following the date of Executive&#8217;s termination of employment with Company, subject to the Executive&#8217;s valid election to continue healthcare coverage under Section 4980B of the Internal Revenue Code of 1986, as amended (the &#8220;Code&#8221;) and the regulations thereunder, the Company shall continue to provide the Executive and the Executive&#8217;s eligible dependents with coverage under its group health plans at the same levels and the same cost to the Executive as would have applied if the Executive&#8217;s employment had not been terminated based on the Employee&#8217;s elections in effect on the date of termination (the &#8220;Continued Coverage&#8221;), provided that (1) if any plan pursuant to which such benefits are provided is not, or ceases prior to the expiration of the period of continuation coverage to be, exempt from the application of Section 409A of the Code under Treasury Regulation Section 1.409A-1(a)(5), or (2) the Company is otherwise unable to continue to cover the Executive under its group health plans without penalty under applicable law (including without limitation, Section 2716 of the Public Health Service Act or the Patient Protection and Affordable Care Act), the Company may in its sole discretion provide that (i) the Executive shall pay to the Company, on an after-tax basis, a monthly amount equal to the full premium cost of the Continued Coverage for such month and (ii) within 30 days of such premium payment, the Company shall reimburse the Executive in cash (less required withholding) an amount equal to the sum of (A) the excess of (x) the full premium cost of the Continued Coverage for such month over (y) any premium amount that would have been payable by the Executive if the Executive had been actively employed by the Company for such month and (B) an additional tax &#8220;gross up&#8221; payment to cover all estimated applicable local, state and federal income and payroll taxes imposed on the Executive with respect to the Continued Coverage. For the twelve (12) month (or, in the event of a CIC Termination, fifteen (15) month) period following the termination of the Executive&#8217;s employment, the Company shall also continue to provide the Executive with all life insurance, disability insurance and other fringe benefits set forth in Section 4 as if the Executive&#8217;s employment under the Agreement had not been terminated&#59; provided, however, that such life insurance, disability insurance and other fringe benefits shall cease as of the date the Executive receives such coverage from a subsequent employer. </font></div><div style="text-align:justify;text-indent:108pt"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(v) Payment&#47;Benefit Limitation</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">.&#160;&#160;If any payment or benefit due under this Agreement, together with all other payments and benefits that the Executive receives or is entitled to receive from the Company or any of its subsidiaries, affiliates or related entities, would (if paid or provided) constitute an &#8220;excess parachute payment&#8221; for purposes of Section 280G of the Code, the amounts otherwise payable and benefits otherwise due under this Agreement will either (i) be delivered in full, or (ii) be limited to the minimum extent necessary to ensure that no portion thereof will fail to be tax-deductible to the Company by reason of Section 280G of the Code (and therefore, no portion thereof will be subject to the excise tax imposed under Section 4999 of the Code), whichever of the foregoing amounts, taking into </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">account applicable federal, state and local income and employment taxes and the excise tax imposed under Section 4999 of the Code, results in the receipt by the Executive, on an after-tax basis, of the greatest amount of payments and benefits, notwithstanding that all or some portion of such payments and&#47;or benefits may be subject to the excise tax imposed under Section 4999 of the Code.&#160;&#160;Unless otherwise specified in writing by the Executive, in the event that the payments and&#47;or benefits are to be reduced pursuant to this Section 7(a)(v), such payments and benefits shall be reduced such that the reduction of cash compensation to be provided to the Executive as a result of this Section 7 is minimized.&#160;&#160;In applying this principle, the reduction shall be made in a manner consistent with the requirements of Section 409A of the Code and where two economically equivalent amounts are subject to reduction but payable at different times, such amounts shall be reduced on a pro rata basis but not below zero.&#160;&#160;All determinations required to be made under this Section 7(a)(v) shall be made by the Company's independent public accounting firm (or such other nationally recognized public accounting firm as may be selected by the Company and to which selection the Executive consents (such consent not to be unreasonably withheld)) which shall provide detailed supporting calculations both to the Company and the Executive within fifteen (15) business days of the receipt of notice from the Executive that there has been a payment or benefit subject to this Section 7(a)(v), or such earlier time as is requested by the Company.</font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(b) No Mitigation Required&#59; No Other Entitlement To Benefits Under Agreement.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The Executive shall not be required in any way to mitigate the amount of any payment provided for in this Section 7, including, without limitation, by seeking other employment, nor shall the amount of any payment provided for in this Section 7 be reduced by any compensation earned by the Executive as the result of employment with another employer after the termination date of employment, or otherwise. Except as set forth in this Section 7, following a termination governed by this Section 7, the Executive shall not be entitled to any other compensation or benefits set forth in this Agreement, except as may be separately negotiated by the parties and approved the Board in writing in conjunction with the termination of Executive&#8217;s employment under this Section 7.</font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(c) Release Agreement.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> As a condition of receiving any of the payments, vesting and benefits set forth in this Section 7 (other than the payment provided for in sub-section 7(a)(i)), the Executive shall be required to execute a mutual release agreement in the form attached hereto as Exhibit A or Exhibit B, as appropriate, and such release agreement must have become effective in accordance with its terms within 60 days following the termination date. The Company, in its sole discretion, may modify the term of the required release agreement to comply with applicable law and may incorporate the required release agreement into a termination agreement or other agreement with the Executive.</font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(d) Timing of Severance Payments.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> Notwithstanding any other provision of this Agreement, all severance payments provided under this Agreement in connection with the termination of the employment of the Executive shall be payable in an amount equal to 75% of such payments on the date that is six months after the termination date, and the remaining 25% shall be payable in six equal monthly installments beginning on the date that is seven months after the termination date and continuing on the same date of each of the five months thereafter.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(e) Timing of Bonus Payments.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> Notwithstanding any other provision of this Agreement, all bonus payments provided under this Agreement in connection with the termination of the employment of the Executive shall be payable on the date that is six months after the termination date.</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">8. Disputes Relating To Executive&#8217;s Termination of Employment For Good Reason</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. If the Executive resigns her employment with the Company alleging in good faith as the basis for such resignation &#8220;Good Reason&#8221; as defined in Section 6(e), and if the Company then disputes the Executive&#8217;s right to the payment of benefits under Section 7, the Company shall continue to pay the Executive the full compensation (including, without limitation, her Base Salary) in effect at the date the Executive provided written notice of such resignation, and the Company shall continue the Executive as a participant in all compensation, benefit and insurance plans in which the Executive was then a participant, until the earlier of the expiration of the Term or the date the dispute is finally resolved, either by mutual written agreement of the parties or by application of the provisions of Section 11. For the purposes of this Section 8, the Company shall bear the burden of proving that the grounds for the Executive&#8217;s resignation do not fall within the scope of Section 6(e), and there shall be a rebuttable presumption that the Executive alleged such grounds in good faith.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">9. Restrictive Covenant Provisions</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">.</font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(a) Noncompetition.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The Executive agrees that during the Term prior to any termination of her employment hereunder, she will not, directly or indirectly, without the prior written consent of a majority of the non-employee members of the Board, manage, operate, join, control, participate in, or be connected as a stockholder (other than as a holder of shares publicly traded on a stock exchange or the NASDAQ National Market System), partner, or other equity holder with, or as an officer, director or employee of, any real estate or mortgage investment organization whose business strategy is competitive with that of the Company, as determined by a majority of the non-employee members of the Board. It is further expressly agreed that the Company will or would suffer irreparable injury if the Executive were to compete with the Company or any subsidiary or affiliate of the Company in violation of this Agreement and that the Company would by reason of such competition be entitled to injunctive relief in a court of appropriate jurisdiction, and the Executive further consents and stipulates to the entry of such injunctive relief in such a court prohibiting the Executive from competing with the Company or any subsidiary or affiliate of the Company, in the areas of business set forth above, in violation of this Agreement.</font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(b) Duty To Avoid Conflict Of Interest.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> During her employment by the Company, Executive agrees not to engage or participate in, directly or indirectly, any activities in conflict with the best interests of the Company. The Company shall be the final decision-maker with regard to any conflict of interest issue.</font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(c) Right To Company Materials.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The Executive agrees that all styles, designs, lists, materials, books, files, reports, correspondence, records, and other documents (&#8220;Company Materials&#8221;) used, prepared, or made available to the Executive shall be and shall remain the property of the Company. Upon the termination of employment or the expiration of this </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Agreement, the Executive shall immediately return to the Company all Company Materials, and the Executive shall not make or retain any copies thereof.</font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(d) Nonsolicitation.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The Executive promises and agrees that she will not directly or indirectly solicit any of the Company&#8217;s employees to work for any competing real estate or mortgage investment organization as determined under Section 9(a) for a period of one (1) year following the occurrence of any event entitling the Executive to payments and benefits, provided the Company makes all such payments when due according to the provisions herein.</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(e) Confidential And Proprietary Information.</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(1) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">It is hereby acknowledged that Executive has and shall gain knowledge of trade secrets and confidential information owned by or related to the Company and&#47;or its affiliates including but not limited to the following&#58; (i) the names, lists, buying habits and practices of customers, clients or vendors, (ii) marketing and related information, (iii) relationships with the persons or entities with whom or with which the Company has contracted, (iv) their products, designs, software, developments, improvements and methods of operation, (v) financial condition, profit performance and financial requirements, (vi) the compensation paid to employees, (vii) business plans and the information contained therein, and (viii) all other confidential information of, about or concerning the Company, the manner of operation of the Company and other confidential data of any kind, nature or description relating to the Company (collectively, the &#8220;Confidential Information&#8221;). Confidential Information does not include information which (A) is or becomes generally available to the public other than as a result of a disclosure by Executive&#59; or (B) becomes available to Executive on a non-confidential basis after the termination or expiration of Executive&#8217;s obligations under this Agreement from a source other than the Company, provided that such source is not bound by a confidentiality agreement with or other contractual, legal or fiduciary obligation of confidentiality to the Company or any other party with respect to such information&#59; or (C) is independently developed after the termination or expiration of Executive&#8217;s obligations under this agreement without reference to the Confidential Information, provided such independent development can reasonably be proven by Executive by written records.</font></div><div style="text-align:justify;text-indent:108pt"><font><br></font></div><div style="text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(2) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">The parties hereby acknowledge that the Confidential Information constitutes important, unique, material and confidential trade secrets which affect the successful activities of the Company, and constitute a substantial part of the assets and goodwill of the Company. In view of the foregoing, Executive agrees that she will not at any time whether during or after the term of this Agreement, except as required in the course of Executive&#8217;s employment by Company and at its direction and for its sole benefit, in any fashion, form or manner, directly or indirectly (i) use or divulge, disclose, communicate or provide or permit access to any person, firm, partnership, corporation or other entity, any Confidential Information of any kind, nature or description, or (ii) remove from Company&#8217;s premises any notes or records relating thereto, or copies or facsimiles thereof (whether made by electronic, electrical, magnetic, optical, laser, acoustic or other means).</font></div><div style="text-align:justify;text-indent:108pt"><font><br></font></div><div style="text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(3) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Promptly upon the request of Company, and immediately upon the termination of Executive&#8217;s employment, Executive shall not transfer to any third person and shall </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">deliver to Company all Confidential Information, and other property belonging to the Company, including all copies thereof, in the possession or under the control of the Executive.</font></div><div style="text-align:justify;text-indent:108pt"><font><br></font></div><div style="text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(4) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Executive represents that the performance of all the terms of this Agreement will not conflict with, and will not breach, any other invention assignment agreement, confidentiality agreement, employment agreement or non-competition agreement to which Executive is or has been a party. To the extent that Executive has confidential information or materials of any former employer, Executive acknowledges that the Company has directed Executive to not disclose such confidential information or materials to the Company or any of its employees, and that the Company prohibits Executive from using said confidential information or materials in any work that Executive may perform for the Company. Executive agrees that Executive will not bring with Executive to the Company, and will not use or disclose any confidential, proprietary information, or trade secrets acquired by Executive prior to her employment with the Company. Executive will not disclose to the Company or any of its employees, or induce the Company or any of its employees to use, any confidential or proprietary information or material belonging to any previous employers or others, nor will Executive bring to the Company or use in connection with Executive&#8217;s work for the Company copies of any software, computer files, or any other copyrighted or trademarked materials except those owned by or licensed to the Company. Executive represents that she is not a party to any other agreement that will interfere with her full compliance with this Agreement. Executive further agrees not to enter into any agreement, whether written or oral, in conflict with the provisions of this Agreement.</font></div><div style="text-align:justify;text-indent:108pt"><font><br></font></div><div style="text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(5)  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Notwithstanding the generality of the foregoing, nothing in this Agreement is intended to prohibit the Executive from filing a charge with, reporting possible violations to, or participating or cooperating with the Securities and Exchange Commission or any other federal, state or local regulatory body or law enforcement agency, including in relation to any whistleblower, anti-discrimination, or anti-retaliation provisions of federal, state or local law or regulation. Pursuant to 18 U.S.C. Section 1833(b), the Executive will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that is made&#58; (x) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney, and solely for the purpose of reporting or investigating a suspected violation of law&#59; or (y) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.</font></div><div style="text-align:justify;text-indent:108pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(f) Inventions.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> Any and all inventions, discoveries or improvements that Executive has conceived or made or may conceive or make during the period of employment relating to or in any way pertaining to or connected with the systems, products, computer programs, software, apparatus or methods employed, manufactured or constructed by the Company or to systems, products, apparatus or methods with respect to which the Company engages in, requests or anticipates research or development, shall be promptly and fully disclosed and described by Executive to the Company and shall be the sole and exclusive property of the Company, and Executive shall assign, and hereby does assign to the Company Executive&#8217;s entire right, title and interest in and to all such inventions, discoveries or improvements as well as any modifications or improvements thereto that may be made.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">The obligations outlined in this Section 9(f) do not apply to any invention that qualifies fully under California Labor Code Section 2870 (a copy of which is attached hereto as Exhibit C) or to any rights Executive may have acquired in connection with an invention, discovery or improvement that was developed entirely on Executive&#8217;s own time for which no equipment, supplies, facilities or trade secret information of the Company was used and (a) that does not relate directly or indirectly to the business of the Company or to the Company&#8217;s actual or demonstrable anticipated research or development, or (b) that does not result from any work performed by Executive for the Company.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(g) Maryland Law.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The Executive agrees, in accordance with Maryland law, to first offer to the Company corporate opportunities learned of solely as a result of her service as an officer of the Company.</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(h) Breach.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> It is expressly agreed that each breach of this Section 9 is a distinct and material breach of this Agreement and that solely a monetary remedy would be inadequate, impracticable and extremely difficult to prove, and that each such breach would cause the Company irreparable harm. It is further agreed that, in addition to any and all remedies available at law or equity (including money damages), either party shall be entitled to temporary and permanent injunctive relief to enforce the provisions of this Section, without the necessity of proving actual damages. It is further agreed that either party shall be entitled to seek such equitable relief in any forum, including a court of law, notwithstanding the provisions of Section&#160;11. Either party may pursue any of the remedies described herein concurrently or consecutively in any order as to any such breach or violation, and the pursuit of one of such remedies at any time will not be deemed an election of remedies or waiver of the right to pursue any of the other such remedies. Any breach of this Section 9 shall immediately terminate any obligations by the Company to provide Executive with severance and continued benefits pursuant to Section 6 or 7 of this Agreement.</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(i) Unenforceability.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> Should any portion of this Section 9 be deemed unenforceable because of its scope, duration or effect, and only in such event, then the parties expressly consent and agree to such limitation on scope, duration or effect as may be finally adjudicated as enforceable, to give this Section 9 its maximum permissible scope, duration and effect.</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">10. Notices</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. All notices and other communications under this Agreement shall be in writing and shall be given by fax or first class mail, certified or registered with return receipt requested, and shall be deemed to have been duly given three (3) days after mailing or twenty-four (24) hours after transmission of a fax to the respective persons named below&#58;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">If to the Company&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Redwood Trust, Inc.</font></div><div style="text-align:justify;text-indent:144pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Attn&#58; General Counsel</font></div><div style="text-align:justify;text-indent:144pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">One Belvedere Place, Suite 300</font></div><div style="text-align:justify;text-indent:144pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Mill Valley, CA 94941</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify;text-indent:144pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Phone&#58; (415) 389-7373</font></div><div style="text-align:justify;text-indent:144pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Fax&#58; (415) 381-1773</font></div><div style="text-align:justify;text-indent:144pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">If to the Executive&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%"> Brooke Carillo</font></div><div style="text-align:justify;text-indent:144pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">c&#47;o Redwood Trust, Inc.</font></div><div style="text-align:justify;text-indent:144pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">One Belvedere Place, Suite 300</font></div><div style="text-align:justify;text-indent:144pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Mill Valley, CA 94941</font></div><div style="text-align:justify;text-indent:144pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Phone&#58; (415) 389-7373</font></div><div style="text-align:justify;text-indent:144pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Fax&#58; (415) 381-1773</font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Either party may change such party&#8217;s address for notices by notice duly given pursuant hereto.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">11. Resolution of Disputes</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. To ensure the rapid and economical resolution of disputes that may arise in connection with the Executive&#8217;s employment with the Company, the Executive and the Company agree that any and all disputes, claims, or causes of action, in law or equity, arising from or relating to the enforcement, breach, performance, or interpretation of this Agreement, the Executive&#8217;s employment, or the termination of the Executive&#8217;s employment (&#8220;Arbitrable Claims&#8221;) shall be submitted to confidential mediation in San Francisco, California conducted by a mutually agreeable mediator from Judicial Arbitration and Mediation Services (&#8220;JAMS&#8221;) or its successor under the JAMS Rules of Practice and Procedure then in effect, which can be found at www.jamsadr.com&#47;adr-rules-procedures.  The cost of JAMS&#8217; mediation fees shall be paid by the Company. In the event that mediation is unsuccessful in resolving the Arbitrable Claims, the Arbitrable Claims shall be resolved, to the fullest extent permitted by law, by final, binding and confidential arbitration in San Francisco, California conducted by JAMS or its successor, under the then applicable rules of JAMS. </font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">The Executive acknowledges that by agreeing to this arbitration procedure, both the Executive and the Company waive the right to resolve any such dispute through a trial by jury or judge or administrative proceeding.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">The arbitrator shall&#58; (a) have the authority to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise be permitted by law&#59; and (b) issue a written arbitration decision including the arbitrator&#8217;s essential findings and conclusions and a statement of the award. The arbitrator shall be authorized to award any or all remedies that the Executive or the Company would be entitled to seek in a court of law, including, without limitation, the award of attorneys&#8217; fees based on a determination of the extent to which each party has prevailed as to the material issues raised in determination of the dispute. The Company shall pay all JAMS&#8217; arbitration fees in excess of those which would be required if the dispute were decided in a court of law. Nothing in this Agreement is intended to prevent either the Executive or the Company from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such mediation or arbitration.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">12.  &#91;Reserved&#93;</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">13. Assignment&#59; Successors</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. This Agreement is personal in its nature, and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder&#59; provided, however, that, in the event of the merger, consolidation, transfer, or sale of all or substantially all of the assets of the Company with or to any other individual or entity, this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and such successor shall discharge and perform all the promises, covenants, duties, and obligations of the Company hereunder.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">14. Governing Law</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. This Agreement and the legal relations thus created between the parties hereto shall be governed by and construed under and in accordance with the laws of the State of California.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">15. Entire Agreement&#59; Headings</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. This Agreement, together with the Side Letter, embodies the entire agreement of the parties with respect to the subject matter hereof and supersedes in their entirety all other or prior agreements, whether oral or written, with respect thereto, but excluding the plans, programs and equity award agreements under which compensation and benefits are provided pursuant to Sections 3 and 4 hereof to the extent such plans and programs and equity award agreements are not inconsistent with this Agreement.  In the event that the Executive&#8217;s employment with the Company does not commence on or before June 28, 2021, this Agreement and the Side Letter shall have no force or effect after such date.  Section headings in this Agreement are included herein for convenience of reference only and shall not constitute a part of this Agreement for any other purpose.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">16. Waiver&#59; Modification</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. Failure to insist upon strict compliance with any of the terms, covenants, or conditions hereof shall not be deemed a waiver of such term, covenant, or condition, nor shall any waiver or relinquishment of, or failure to insist upon strict compliance with, any right or power hereunder at any one or more times be deemed a waiver or relinquishment of such right or power at any other time or times. This Agreement shall not be modified in any respect except by a writing executed by each party hereto.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">17. Severability</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. In the event that a court of competent jurisdiction determines that any portion of this Agreement is in violation of any statute or public policy, only the portions of this Agreement that violate such statute or public policy shall be stricken. All portions of this Agreement that do not violate any statute or public policy shall continue in full force and effect. Further, any court order striking any portion of this Agreement shall modify the stricken terms as narrowly as possible to give as much effect as possible to the intentions of the parties under this Agreement. </font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">18. Indemnification</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. The Company shall indemnify and hold Executive harmless to the maximum extent permitted by Section 2-418 of the Maryland General Corporations Law or its successor statute, or if greater, by the Company&#8217;s Bylaws, by any applicable resolution of the Board or by the terms providing the most extensive indemnification contained in any written agreement between the Company and any director or officer of the Company. The Company shall make Executive a named beneficiary under all director and officer liability policies </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">maintained by the Company from time to time for the benefit of its directors and officers, entitled to all benefits provided thereunder to persons serving in a comparable role as an officer of the Company.  During the Term and for a term of six years thereafter, the Company shall purchase and maintain, at its own expense, directors and officers liability insurance providing coverage for Executive in respect of acts and omissions of the Executive in her capacity as such and occurring during Executive&#8217;s employment.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">19.&#160;&#160;&#160;&#160;Section 409A</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Any payments under this Agreement subject to Section 409A of the Code that are subject to execution of a waiver and release which may be executed and&#47;or revoked in a calendar year following the calendar year in which the payment event (such as a termination of employment) occurs shall commence payment only in the calendar year in which the consideration period or, if applicable, release revocation period ends, as necessary to comply with Section 409A of the Code. Notwithstanding anything to the contrary in this Agreement, no compensation or benefits shall be paid to the Executive during the six (6)-month period following the Executive&#8217;s &#8220;separation from service&#8221; from the Company (within the meaning of Section 409A of the Code, a &#8220;Separation from Service&#8221;) if the Company determines that paying such amounts at the time or times indicated in this Agreement would be a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code. If the payment of any such amounts is delayed as a result of the previous sentence, then on the first day of the seventh month following the date of Separation from Service (or such earlier date upon which such amount can be paid under Section 409A without resulting in a prohibited distribution, including as a result of the Executive&#8217;s death), the Company shall pay the Executive a lump-sum amount equal to the cumulative amount that would have otherwise been payable to the Executive during such period.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Any right to a series of installment payments pursuant to this Agreement is to be treated as a right to a series of separate payments. To the extent permitted under Section 409A of the Code, any separate payment or benefit under this Agreement or otherwise shall not be deemed &#8220;nonqualified deferred compensation&#8221; subject to Section 409A of the Code to the extent provided in the exceptions in Treasury Regulation Section 1.409A-1(b)(4), Section 1.409A-1(b)(9) or any other applicable exception or provision of Section 409A. All payments of nonqualified deferred compensation subject to Section 409A to be made upon a termination of employment under this Agreement may only be made upon the Executive&#8217;s &#8220;separation from service&#8221; from the Company.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">20. Counterparts</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">21. Successor Sections</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. References herein to sections or rules of the Code shall be deemed to include any successor sections or rules.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">&#91;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:139%">Signature Page Follows</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">&#93;</font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:8pt"><font><br></font></div><div style="margin-bottom:0.08pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:139%">IN WITNESS WHEREOF</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">, the Company has caused this Agreement to be executed by its duly authorized officer, and the Executive has hereunto signed this Agreement, as of the Effective Date.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:58.974%"><tr><td style="width:1.0%"></td><td style="width:7.867%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.052%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.584%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:49.717%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="15" style="padding:0 1pt"><div style="text-align:justify;text-indent:36pt"><font><br></font></div></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:125%">REDWOOD TRUST, INC.</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">By&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="9" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">&#47;s&#47; Christopher J. Abate</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">Christopher J. Abate</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">Chief Executive Officer</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:125%">EXECUTIVE</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="9" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">&#47;s&#47; Brooke Carillo</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Brooke Carillo </font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div id="i44fabd52bf434f50b17541d98edcd614_7"></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">INDIVIDUAL TERMINATION</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:139%">EXHIBIT A</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:139%">RELEASE AGREEMENT</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Except as otherwise set forth in this Release Agreement or in Sections 7 and 18 of the Employment Agreement between Brooke Carillo and Redwood Trust, Inc., Brooke Carillo (&#8220;Executive&#8221;) hereby generally and completely releases the Company and its directors, officers, employees, shareholders, partners, agents, attorneys, predecessors, successors, parent and subsidiary entities, insurers, affiliates, and assigns from any and all claims, liabilities and obligations, both known and unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring at any time prior to and including the date Executive signs this Release Agreement. The Company, its directors, officers, employees, shareholders, partners, agents, attorneys, predecessors, successors, parent and subsidiary entities, insurers, affiliates, and assigns, hereby releases Executive and her heirs, executors, successors and assigns, from any and all claims, liabilities and obligations, both known and unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring at any time prior to and including the date the Company signs this Release Agreement. This general mutual release includes, but is not limited to&#58; (A) all claims arising out of or in any way related to Executive&#8217;s employment with the Company or the termination of that employment&#59; (B) all claims related to Executive&#8217;s compensation or benefits from the Company, including salary, bonuses, commissions, vacation pay, expense reimbursements, severance pay, fringe benefits, stock, stock options, or any other ownership interests in the Company&#59; (C) all claims for breach of contract, wrongful termination, and breach of the implied covenant of good faith and fair dealing&#59; (D) all tort claims, including claims for fraud, defamation, emotional distress, and discharge in violation of public policy&#59; (E) all federal, state, and local statutory claims, including claims for discrimination, harassment, retaliation, attorneys&#8217; fees, or other claims arising under the federal Civil Rights Act of 1964 (as amended), the federal Americans with Disabilities Act of 1990, the federal Age Discrimination in Employment Act of 1967 (as amended) (&#8220;ADEA&#8221;), the federal Employee Retirement Income Security Act of 1974 (as amended), and the California Fair Employment and Housing Act (as amended)&#59; and (F) all claims and rights with respect to Executive&#8217;s right to communicate directly with, cooperate with, or provide information to, any federal, state or local government regulator&#59; provided, however, that nothing in this paragraph shall be construed in any way to release (i) the Company from (x) its obligation to indemnify Executive pursuant to agreement, the Company&#8217;s bylaws or binding resolutions, or applicable law or (y) the Company&#8217;s payment obligations under Section (7) of the Employment Agreement, (ii) coverage under any applicable D&#38;O policies, (iii) claims to vested benefits that Executive is entitled to receive under any other plan or agreement covering Executive) or (iv) Executive&#8217;s vested equity awards.</font></div><div id="i44fabd52bf434f50b17541d98edcd614_10"></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Executive acknowledges that she is knowingly and voluntarily waiving and releasing any rights she may have under the ADEA, and that the consideration given under her Employment Agreement with the Company for the waiver and release in the preceding paragraph hereof is in addition to anything of value to which she was already entitled. Executive further acknowledges that she has been advised by this writing, as required by the ADEA, that&#58; (A) this waiver and release does not apply to any rights or claims that may arise after the date Executive signs this Release Agreement&#59; (B) Executive should consult with an attorney prior to signing this Release Agreement (although Executive may choose voluntarily not do so)&#59; (C) Executive has twenty-one (21) days to consider this Release Agreement (although Executive may choose voluntarily to sign this Release Agreement earlier)&#59; (D) Executive has seven (7) days following the date that she signs this Release Agreement to revoke the Release Agreement by providing written notice to an officer of the Company&#59; and (E) this Release Agreement shall not be effective until the date upon which the revocation period has expired, which shall be the eighth day after Executive signs this Release Agreement. Both Executive and the Company acknowledge that each has read and understands Section 1542 of the California Civil Code which reads as follows&#58; </font></div><div><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:139%">A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Both Executive and the Company hereby expressly waive and relinquish all rights and benefits under that section and any law of any jurisdiction of similar effect with respect to each party&#8217;s release of any claims hereunder.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Notwithstanding anything herein, the Executive acknowledges and agrees that, pursuant to 18 USC Section 1833(b), the Executive will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that is made&#58; (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and solely for the purpose of reporting or investigating a suspected violation of law&#59; or (ii) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%;text-decoration:underline">Mutual Nondisparagement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">.&#160; </font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">(a) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%;text-decoration:underline">Nondisparagement by Executive</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">. At all times following the cessation of the Executive's employment with the Company, the Executive agrees not to make negative comments or statements about, or otherwise criticize or disparage, in any format or through any medium, the Company or any entity controlled by, controlling or under common control with the Company (&#34;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%;text-decoration:underline">Affiliates</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">&#34;) or any of the officers, directors, managers, employees, services, </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">operations, investments or products of the Company or any of its Affiliates. For purposes of the foregoing sentence, disparagement shall include, but not be limited to, negative comments or statements intended or reasonably likely to be harmful or disruptive to a person&#8217;s or entity&#8217;s respective business, business reputation, business operations, or personal reputation.&#160;&#160; </font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">(b) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%;text-decoration:underline">Nondisparagement by Designated Company Representatives</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">. At all times following the cessation of the Executive's employment with the Company, the Company agrees not to publish, and agrees to cause the Designated Company Representatives not to make, negative comments or statements about, or otherwise criticize or disparage, in any format or through any medium, the Executive. For purposes of the foregoing sentence, disparagement shall include, but not be limited to, negative comments or statements intended or reasonably likely to be harmful or disruptive to a person&#8217;s business reputation or personal reputation. For purposes of this sub-section (b), the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%;text-decoration:underline">Designated Company Representatives</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">&#8221; are (i) all executive officers of the Company while serving in such capacity and (ii) all members of the Board of Directors while serving in such capacity. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">(c) The foregoing sub-sections (a) and (b) shall not be violated by truthful comments or statements (i) made in response to legal process, in required governmental testimony or filings, in judicial, administrative or arbitral proceedings (including, without limitation, depositions in connection with such proceedings), in compliance with law, administrative rule, or regulation, or made pursuant to a court or administrative order, or in connection with reporting possible violations of federal law or regulation to any governmental agency or entity, or making other disclosures that are protected under the whistleblower provisions of federal law or regulation, (ii) made by members of the Board of Directors in the course of meetings or discussions of the Board of Directors (or any committee thereof) or in communications between members of the Board of Directors and the Executive, and not disclosed to the public, (iii) made by a member of the Board of Directors in the good faith belief that the statements are required for the proper discharge of her or her fiduciary duties, or (iv) made by the Board of Directors in connection with a termination of the Executive for Cause.</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div id="i44fabd52bf434f50b17541d98edcd614_13"></div><div><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:139%">IN WITNESS WHEREOF</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">, the Company has caused this Agreement to be executed by its duly authorized officer, and the Executive has hereunto signed this Agreement, as of the date set forth below.</font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">&#160;&#160;&#160;&#160;</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:51.121%"><tr><td style="width:1.0%"></td><td style="width:14.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.348%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:79.465%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="9" style="padding:0 1pt"><div style="text-align:justify;text-indent:36pt"><font><br></font></div></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:125%">EXECUTIVE</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">Name&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">Brooke Carillo</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">Date&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:125%">COMPANY</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">Name&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">Date&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr></table></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div id="i44fabd52bf434f50b17541d98edcd614_16"></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:0.08pt;text-align:justify"><font><br></font></div><div style="margin-bottom:0.08pt;text-align:justify"><font><br></font></div><div style="margin-bottom:0.08pt;text-align:justify"><font><br></font></div><div style="margin-bottom:0.08pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">GROUP TERMINATION</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:139%">EXHIBIT B</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:139%">RELEASE AGREEMENT</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Except as otherwise set forth in this Release Agreement or in Sections 7 and 18 of the Employment Agreement between Brooke Carillo and Redwood Trust, Inc., Brooke Carillo (&#8220;Executive&#8221;) hereby generally and completely releases the Company and its directors, officers, employees, shareholders, partners, agents, attorneys, predecessors, successors, parent and subsidiary entities, insurers, affiliates, and assigns from any and all claims, liabilities and obligations, both known and unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring at any time prior to and including the date Executive signs this Release Agreement. The Company, its directors, officers, employees, shareholders, partners, agents, attorneys, predecessors, successors, parent and subsidiary entities, insurers, affiliates, and assigns, hereby releases Executive and her heirs, executors, successors and assigns, from any and all claims, liabilities and obligations, both known and unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring at any time prior to and including the date the Company signs this Release Agreement. This general mutual release includes, but is not limited to&#58; (A) all claims arising out of or in any way related to Executive&#8217;s employment with the Company or the termination of that employment&#59; (B) all claims related to Executive&#8217;s compensation or benefits from the Company, including salary, bonuses, commissions, vacation pay, expense reimbursements, severance pay, fringe benefits, stock, stock options, or any other ownership interests in the Company&#59; (C) all claims for breach of contract, wrongful termination, and breach of the implied covenant of good faith and fair dealing&#59; (D) all tort claims, including claims for fraud, defamation, emotional distress, and discharge in violation of public policy&#59; (E) all federal, state, and local statutory claims, including claims for discrimination, harassment, retaliation, attorneys&#8217; fees, or other claims arising under the federal Civil Rights Act of 1964 (as amended), the federal Americans with Disabilities Act of 1990, the federal Age Discrimination in Employment Act of 1967 (as amended) (&#8220;ADEA&#8221;), the federal Employee Retirement Income Security Act of 1974 (as amended), and the California Fair Employment and Housing Act (as amended)&#59; and (F) all claims and rights with respect to Executive&#8217;s right to communicate directly with, cooperate with, or provide information to, any federal, state or local government regulator&#59; provided, however, that nothing in this paragraph shall be construed in any way to release (i) the Company from (x) its obligation to indemnify Executive pursuant to agreement, the Company&#8217;s bylaws or binding resolutions, or applicable law or (y) the Company&#8217;s payment obligations under Section (7) of the Employment Agreement, (ii) coverage under any applicable D&#38;O policies, (iii) claims to vested benefits that Executive is entitled to receive under any other plan or agreement covering Executive) or (iv) Executive&#8217;s vested equity awards.</font></div><div id="i44fabd52bf434f50b17541d98edcd614_19"></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Executive acknowledges that she is knowingly and voluntarily waiving and releasing any rights she may have under the ADEA, and that the consideration given under her Employment Agreement with the Company for the waiver and release in the preceding paragraph hereof is in addition to anything of value to which she was already entitled. Executive further acknowledges that she has been advised by this writing, as required by the ADEA, that&#58; (A) this waiver and release does not apply to any rights or claims that may arise after the date Executive signs this Release Agreement&#59; (B) Executive should consult with an attorney prior to signing this Release Agreement (although Executive may choose voluntarily not do so)&#59; (C) Executive has forty-five (45) days to consider this Release Agreement (although she may choose voluntarily to sign this Release Agreement earlier)&#59; (D) Executive has seven (7) days following the date that she signs this Release Agreement to revoke the Release Agreement by providing written notice to an officer of the Company&#59; (E) this Release Agreement shall not be effective until the date upon which the revocation period has expired, which shall be the eighth day after Executive signs this Release Agreement&#59; and (F) Executive has received with this Release Agreement a detailed list of the job titles and ages of all employees who were terminated in this group termination and the ages of all employees of the Company in the same job classification or organizational unit who were not terminated.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Both the Executive and the Company acknowledge that each has read and understands Section 1542 of the California Civil Code which reads as follows&#58; </font></div><div><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:139%">A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Both the Executive and the Company hereby expressly waive and relinquish all rights and benefits under that section and any law of any jurisdiction of similar effect with respect to each party&#8217;s release of any claims hereunder.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">Notwithstanding anything herein, the Executive acknowledges and agrees that, pursuant to 18 USC Section 1833(b), the Executive will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that is made&#58; (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and solely for the purpose of reporting or investigating a suspected violation of law&#59; or (ii) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.</font></div><div id="i44fabd52bf434f50b17541d98edcd614_22"></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%;text-decoration:underline">Mutual Nondisparagement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">.&#160; </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">(a) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%;text-decoration:underline">Nondisparagement by Executive</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">. At all times following the cessation of the Executive's employment with the Company, the Executive agrees not to make negative comments or statements about, or otherwise criticize or disparage, in any format or through any medium, the Company or any entity controlled by, controlling or under common control with the Company (&#34;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%;text-decoration:underline">Affiliates</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">&#34;) or any of the officers, directors, managers, employees, services, operations, investments or products of the Company or any of its Affiliates. For purposes of the foregoing sentence, disparagement shall include, but not be limited to, negative comments or statements intended or reasonably likely to be harmful or disruptive to a person&#8217;s or entity&#8217;s respective business, business reputation, business operations, or personal reputation.&#160;&#160; </font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">(b) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%;text-decoration:underline">Nondisparagement by Designated Company Representatives</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">. At all times following the cessation of the Executive's employment with the Company, the Company agrees not to publish, and agrees to cause the Designated Company Representatives not to make, negative comments or statements about, or otherwise criticize or disparage, in any format or through any medium, the Executive. For purposes of the foregoing sentence, disparagement shall include, but not be limited to, negative comments or statements intended or reasonably likely to be harmful or disruptive to a person&#8217;s business reputation or personal reputation. For purposes of this sub-section (b), the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%;text-decoration:underline">Designated Company Representatives</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">&#8221; are (i) all executive officers of the Company while serving in such capacity and (ii) all members of the Board of Directors while serving in such capacity. </font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">(c) The foregoing sub-sections (a) and (b) shall not be violated by truthful comments or statements (i) made in response to legal process, in required governmental testimony or filings, in judicial, administrative or arbitral proceedings (including, without limitation, depositions in connection with such proceedings), in compliance with law, administrative rule, or regulation, or made pursuant to a court or administrative order, or in connection with reporting possible violations of federal law or regulation to any governmental agency or entity, or making other disclosures that are protected under the whistleblower provisions of federal law or regulation, (ii) made by members of the Board of Directors in the course of meetings or discussions of the Board of Directors (or any committee thereof) or in communications between members of the Board of Directors and the Executive, and not disclosed to the public, (iii) made by a member of the Board of Directors in the good faith belief that the statements are required for the proper discharge of her or her fiduciary duties, or (iv) made by the Board of Directors in connection with a termination of the Executive for Cause.</font></div><div id="i44fabd52bf434f50b17541d98edcd614_25"></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="margin-bottom:8pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:125%">IN WITNESS WHEREOF</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">, the Company has caused this Agreement to be executed by its duly authorized officer, and the Executive has hereunto signed this Agreement, as of the date set forth below.</font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:139%">&#160;&#160;&#160;&#160;</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:51.121%"><tr><td style="width:1.0%"></td><td style="width:14.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.348%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:79.465%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="9" style="padding:0 1pt"><div style="text-align:justify;text-indent:36pt"><font><br></font></div></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:125%">EXECUTIVE</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">Name&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">Brooke Carillo</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">Date&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:125%">COMPANY</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">Name&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">Date&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td></tr></table></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div id="i44fabd52bf434f50b17541d98edcd614_28"></div><div style="margin-bottom:0.08pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div></div><div id="i44fabd52bf434f50b17541d98edcd614_31"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">EXHIBIT C<br>Section 2870 of California Labor Code</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Section 2870 of California Labor Code</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#58;  Application of provision providing that employee shall assign or offer to assign rights in invention to employer.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">a.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:27.68pt">Any provision and employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer&#8217;s equipment, supplies, facilities or trade secret information except for those inventions that either&#58;</font></div><div style="padding-left:72pt;text-align:justify"><font><br></font></div><div style="padding-left:108pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:27pt">Relate at the time of conception or reduction to practice of the invention to the employer&#8217;s business, or actual or demonstrably anticipated research or development of the employer&#59; or</font></div><div style="padding-left:108pt;text-align:justify"><font><br></font></div><div style="padding-left:108pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:27pt">Result from any work performed by the employee for the employer.</font></div><div style="padding-left:144pt;text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">b.&#160;&#160;&#160;&#160;To the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded from being required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable.</font></div><div style="margin-bottom:8pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div></div></div><div id="i44fabd52bf434f50b17541d98edcd614_34"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">EXHIBIT D</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:139%">DEFINITION OF &#8220;CHANGE OF CONTROL&#8221;</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#8220;&#8217;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Change of Control</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8217; refers to the occurrence of any of the following&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(a)&#160;&#160;&#160;&#160;A transaction or series of transactions (other than an offering of common stock to the general public through a registration statement filed with the Securities and Exchange Commission or a transaction or series of transactions that meets the requirements of clauses (i) and (ii) of subsection&#160;(c) below) whereby any &#8220;person&#8221; or related &#8220;group&#8221; of &#8220;persons&#8221; (as such terms are used in Sections&#160;13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;)) (other than the Company, any of its subsidiaries, an employee benefit plan maintained by the Company or any of its subsidiaries or a &#8220;person&#8221; that, prior to such transaction, directly or indirectly controls, is controlled by, or is under common control with, the Company) directly or indirectly acquires beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company possessing more than 30% of the total combined voting power of the Company&#8217;s securities outstanding immediately after such acquisition&#59; or</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(b)&#160;&#160;&#160;&#160;During any period of two consecutive years, individuals who, at the beginning of such period, constitute the Board together with any new Director(s) (other than a Director designated by a person who shall have entered into an agreement with the Company to effect a transaction described in subsections (a) or (c) of this definition) whose election by the Board or nomination for election by the Company&#8217;s stockholders was approved by a vote of at least two-thirds of the Directors then still in office who either were Directors at the beginning of the two-year period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof&#59; or</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;(c)&#160;&#160;&#160;&#160;The consummation by the Company (whether directly involving the Company or indirectly involving the Company through one or more intermediaries) of (x)&#160;a merger, consolidation, reorganization, or business combination or (y)&#160;a sale or other disposition of all or substantially all of the Company&#8217;s assets in any single transaction or series of related transactions or (z)&#160;the acquisition of assets or stock of another entity, in each case other than a transaction&#58;</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;(i)&#160;&#160;&#160;&#160;which results in the Company&#8217;s voting securities outstanding immediately before the transaction continuing to represent (either by remaining outstanding or by being converted into voting securities of the Company or the person that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly or indirectly, all or substantially all of the Company&#8217;s assets or otherwise succeeds to the business of the Company (the Company or such person, the &#8220;Successor Entity&#8221;)) directly or indirectly, at least a majority of the combined voting power of the Successor Entity&#8217;s outstanding voting securities immediately after the transaction, and</font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;(ii)&#160;&#160;&#160;&#160;after which no person or group beneficially owns voting securities representing 30% or more of the combined voting power of the Successor Entity&#59; </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div><font><br></font></div></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">provided, however, that no person or group shall be treated for purposes of this clause (ii) as beneficially owning 30% or more of the combined voting power of the Successor Entity solely as a result of the voting power held in the Company prior to the consummation of the transaction.&#8221; </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>rwtex1031q21.htm
<DESCRIPTION>EX-10.3
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2021 Workiva -->
<title>Document</title></head><body><div id="ia87556ffa9d8445683d5d9f10430126c_1"></div><div style="min-height:72pt;width:100%"><div style="margin-bottom:0.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Exhibit 10.3</font></div></div><div style="text-align:center;text-indent:36pt"><font><br></font></div><div style="text-align:center;text-indent:36pt"><font><br></font></div><div style="text-align:center;text-indent:36pt"><font><br></font></div><div style="text-align:center;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#91;Letterhead of Redwood Trust, Inc.&#93;</font></div><div style="text-align:center;text-indent:36pt"><font><br></font></div><div style="text-align:center;text-indent:36pt"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:324pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">April 20, 2021</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Brooke Carillo</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">New York, NY  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Re&#58; Additional Employment Terms</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Dear Ms. Carillo,</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">On behalf of Redwood Trust, Inc. (the &#8220;Company&#8221;), we look forward to having you join the Company as Chief Financial Officer on or prior to June 28, 2021 (with the date you actually commence employment with the Company being referred to herein as the &#8220;Hire Date&#8221;). This letter agreement sets out certain terms of your employment with the Company, and are in addition to those set forth in the Employment Agreement entered into between you and the Company on the date hereof (the &#8220;Employment Agreement&#8221;).  Capitalized terms used but not defined in this letter agreement will have the meanings set forth in the Employment Agreement.  This letter agreement shall become effective on the Hire Date, when you commence employment with the Company, provided such employment commencement date is on or before June 28, 2021.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:126%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">Relocation Allowance</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">. The Company will assist you with the cost related to the relocation of your primary residence to the San Francisco Bay Area by providing you with a cash payment of $250,000.00 (the &#8220;Relocation Allowance&#8221;). The Relocation Allowance will be paid to you within 15 business days following the Hire Date (and will be reported as ordinary income to you for income tax purposes), and is intended to cover all of your house hunting trips, moving expenses, and any other travel to the San Francisco Bay Area or other expense relating to your move or your preparation for your role as Chief Financial Officer. However, you will not be required to document use of the Relocation Allowance and the Relocation Allowance will be retained by you even if your actual relocation expenses are less than the Relocation Allowance.  You and the Company acknowledge and agree that the Relocation Allowance will not be earned unless you are continuously employed by the Company through the first anniversary of the Hire Date as follows&#58; </font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(i)&#160;&#160;&#160;&#160;if your employment is terminated by the Company for &#8220;Cause&#8221; or by you for any reason other than &#8220;Good Reason&#8221; (each as defined in the Employment Agreement), at any time prior to the later of (A) the six-month anniversary of the Hire Date and (B) the date you relocate your primary residence to the San Francisco Bay Area (with such later date being referred to herein as the &#8220;Relocation Allowance Reference Date&#8221;), you will not be entitled to retain any portion of the Relocation Allowance and you hereby agree to repay to the Company the Relocation Allowance, in full (but net of income tax actually incurred in respect of the Relocation Allowance based on your most recent full calendar year combined federal, state and local effective income tax rate), on or promptly following the date of termination (and in any event with thirty (30) days following the date of termination)&#59; and  </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div></div></div><div id="ia87556ffa9d8445683d5d9f10430126c_4"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:0.08pt"><font><br></font></div><div id="ia87556ffa9d8445683d5d9f10430126c_7"></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(ii)&#160;&#160;&#160;&#160;if your employment is terminated by the Company for &#8220;Cause&#8221; or by you for any reason other than &#8220;Good Reason&#8221; (each as defined in the Employment Agreement), at any time after the Relocation Allowance Reference Date but prior to the first (1st) anniversary of the Hire Date, you will not be entitled to retain a portion of the Relocation Allowance equal to the product of (x) $685.00, multiplied by (y) the difference (not less than zero) of (I) 182 (or, if less, the number of days between the Relocation Allowance Reference Date and the first (1st) anniversary of the Hire Date), minus (II) the number of days between the Relocation Allowance Reference Date and the date of your termination (the &#8220;Relocation Allowance Partial Repayment Amount&#8221;) and you hereby agree to repay to the Company the full Relocation Allowance Partial Repayment Amount (but net of income tax actually incurred in respect of the Relocation Allowance based on your most recent full calendar year combined federal, state and local effective income tax rate), on or promptly following the date of termination (and in any event with thirty (30) days following the date of termination).  </font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:114%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:114%;text-decoration:underline">Counsel Fees</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:114%">.  Following the Hire Date, the Company will pay legal fees incurred with the law firm of Proskauer Rose LLP (&#8220;Proskauer&#8221;) in connection with the negotiation of the Employment Agreement and this letter agreement, up to a maximum of $15,000.00 (the &#8220;Counsel Fees&#8221;), with such payment to be made directly by Company to Proskauer as compensation for the benefit provided to the Company by the drafting and analysis undertaken by Proskauer and with such payment to be made within 15 business days following the later of the Hire Date and presentation to the Company of an invoice therefor accompanied by an IRS Form W-9 from Proskauer. The Company will treat the payment of Counsel Fees as a business expense of the Company.      </font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">3.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:126%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">Minimum 2021 Year-End Cash Bonus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">. As described in the Employment Agreement, you will be eligible to receive an annual bonus while you are employed by the Company, which will be pro-rated for your period of service during 2021. Notwithstanding anything to the contrary contained in the Employment Agreement, you and the Company agree that your 2021 year-end annual bonus will be no less than $1,000,000.00 in cash (the &#8220;2021 Year-End Cash Bonus&#8221;), provided that payment will be subject to your continued employment with the Company through the designated distribution date (currently anticipated to be on or about March 1, 2022). Notwithstanding the foregoing, the immediately following clauses (i) and (ii) apply to the 2021 Year-End Cash Bonus&#58;</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">(i)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:126%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">Paid in Event of Termination Without Cause or Quit For Good Reason</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">. For the avoidance of doubt, if your employment terminates prior to the designated distribution date for the 2021 Year-End Cash Bonus due to a termination by the Company without &#8220;Cause&#8221; or by you for &#8220;Good Reason&#8221; (each as defined in the Employment Agreement) you will, nonetheless, be paid the 2021 Year-End Cash Bonus subject to your timely execution and non-revocation of a general release of claims against the Company substantially in the applicable form attached to the Employment Agreement (the &#8220;Release&#8221;). In such an event, the 2021 Year-End Cash Bonus will be paid on the date on which annual bonuses are paid to the Company&#8217;s executive officers generally for 2021, but in no event later than March 15, 2022.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">(ii)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:126%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">Guaranteed in Event of Death&#47;Disability</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">. For the avoidance of doubt, if your employment terminates prior to the designated distribution date for the 2021 Year-End Cash Bonus due to death or Disability (as defined in the Employment Agreement) you will, nonetheless, be paid the 2021 Year-End Cash Bonus. In such an event, the 2021 Year-End Cash </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">Bonus will be paid on the date on which annual bonuses are paid to the Company&#8217;s executive officers generally for 2021, but in no event later than March 15, 2022.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:126%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">2021 Year-End Equity Awards</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">. As described in the Employment Agreement, you will be eligible to receive one or more equity awards as part of the year-end 2021 compensation process (the &#8220;2021 Year-End Equity Awards&#8221;). Notwithstanding anything to the contrary contained in the Employment Agreement, but subject to your continued employment with the Company through the grant date (currently anticipated to be on or about December 14, 2021), you and the Company agree that your 2021 Year-End Equity Awards will have an aggregate grant date fair value of $1,500,000.00. In addition, notwithstanding the foregoing, the immediately following clauses (i) - (iv) apply to the 2021 Year-End Equity Awards&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">(i)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:126%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">Form and Terms of 2021 Year-End Equity Awards</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">. The terms of the 2021 Year-End Equity Awards are subject to approval by the Board of Directors of the Company (or a committee thereof), but will be consistent with 2021 year-end equity awards granted to other senior executive officers of the Company. The Company currently anticipates that&#58; 50% of your 2021 Year-End Equity Awards (by grant date value) will be granted in the form of deferred stock units (and&#47;or cash-settled deferred stock units) that vest in substantially equal annual installments on or about the first four anniversaries of the grant date&#59; and the remaining 50% will be granted in the form of performance stock units that vest over a three-year performance period based on the achievement of applicable book value total shareholder return goals and&#47;or other Company performance metric(s) goals (with vesting also subject to continued employment through the applicable vesting date).</font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">(ii)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:126%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">To Be Granted in Event of Termination Without Cause or Quit For Good Reason</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">. For the avoidance of doubt, if your employment terminates prior to the grant date for the 2021 Year-End Equity Awards due to a termination by the Company without &#8220;Cause&#8221; or by you for &#8220;Good Reason&#8221; (each as defined in the Employment Agreement) you will, nonetheless, be granted the 2021 Year-End Equity Awards immediately prior to such termination, subject to your timely execution and non-revocation of a Release. In any such event, it is expected that the 2021 Year-End Equity Awards will be granted to you immediately prior to such termination but no later than December 31, 2021.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">(iii)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:126%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">To Be Granted in Event of Death&#47;Disability</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">. For the avoidance of doubt, if your employment terminates prior to the designated grant date for the 2021 Year-End Equity Awards due to death or Disability (as defined in the Employment Agreement) you will, nonetheless, be granted the 2021 Year-End Equity Awards. In any such event, it is expected that the 2021 Year-End Equity Awards will be granted immediately prior to such termination but no later than December 31, 2021.</font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">(iv)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:126%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">Once Granted, Subject to Applicable Terms and Conditions</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">. Once granted, your 2021 Year-End Equity Awards will be subject to the terms and conditions of the applicable Company equity plan and related award agreements, as well as to the terms and conditions of the Employment Agreement.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">5.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:126%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">Sign-On Bonus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">. In connection with the commencement of your employment, you will receive a cash payment in the aggregate amount of $500,000.00 (the &#8220;Sign-On Bonus&#8221;), which will be paid in full </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">within 15 business days following the Hire Date. Notwithstanding the foregoing, the immediately following clauses (i) and (ii) apply to the Sign-On Bonus&#58;</font></div><div style="margin-bottom:0.08pt;text-indent:36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">(i)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:126%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">Repayment Required Upon Termination For Cause or Quit Without Good Reason Within One Year</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">. You and the Company acknowledge and agree that the Sign-On Bonus will not be earned unless you are continuously employed by the Company through the first anniversary of the Hire Date as follows&#58; if your employment is terminated by the Company for &#8220;Cause&#8221; or by you for any reason other than &#8220;Good Reason&#8221; (each as defined in the Employment Agreement), at any time prior to or on the first anniversary of the Hire Date, you will not be entitled to retain any portion of the Sign-On Bonus and you hereby agree to repay to the Company the Sign-On Bonus, in full (but net of income tax actually incurred in respect of the Sign-On Bonus based on your most recent full calendar year combined federal, state and local effective income tax rate), on the date of termination.  </font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">(ii)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:126%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">Retained in Event of Death&#47;Disability or Termination without Cause or Quit for</font></div><div style="padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">Good Reason</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">. For the avoidance of doubt, if your employment terminates prior to the first anniversary of the Hire Date due to death or Disability or termination by the Company without Cause or by you for Good Reason (each as defined in the Employment Agreement) you will be entitled to retain all of the Sign-On Bonus.</font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">6.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:126%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">Sign-On Equity Award</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">. In addition to your 2021 Year-End Equity Awards, in connection with the commencement of your employment, the Company will grant you an equity award on the Hire Date, with an aggregate grant date fair value equal to $1,000,000.00 (the &#8220;Sign-On Equity Award&#8221;). The Sign-On Equity Award will be granted in the form of deferred stock units (and&#47;or cash-settled deferred stock units) and will be governed in all respects by the terms and conditions of the Employment Agreement, the applicable Company equity plan and the related award agreement (the &#8220;New Hire Equity Award Agreement&#8221;). Notwithstanding the foregoing, the immediately following clauses (i), (ii) and (iii) apply to the Sign-On Equity Award&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">(i)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:126%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">Forfeitable Only Upon Termination For Cause or Quit Without Good Reason Within One Year</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">. The New Hire Equity Award Agreement will provide that the Sign-On Equity Award will fully vest on the first anniversary of the Hire Date and be subject to forfeiture only in the event that your employment is terminated by the Company for Cause or by you without Good Reason prior to the first anniversary of the Hire Date, in which case 100% of the Sign-On Equity Award will be forfeited automatically. </font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">(ii)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:126%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">Retained in Event of Death&#47;Disability or Termination without Cause or Quit for</font></div><div style="padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">Good Reason</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">. For the avoidance of doubt, if your employment terminates prior to the first anniversary of the Hire Date due to death or Disability or termination by the Company without Cause or by you for Good Reason (each as defined in the Employment Agreement) you will be entitled to retain all of the Sign-On Equity Award.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">(iii)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:126%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">Once Awarded, Subject to Applicable Terms and Conditions</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">. Once awarded, your Sign-On Equity Award will be subject to the terms and conditions of the applicable Company equity plan and related award agreements, as well as to the terms and conditions of the Employment Agreement.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">7.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:126%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">Termination in Connection With Failure to Relocate</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%">. Notwithstanding anything to the contrary contained herein or in the Employment Agreement (or in any other equity award agreement or other agreement between the Company and you, or in any policy or plan of the Company), in the event that you fail to relocate your primary residence to the San Francisco Bay Area prior to December 31, 2021, then&#58; (i) you and the Company agree that the Company may terminate your employment for such failure at any time on or after December 31, 2021, but prior to February 1, 2022 (a &#8220;Relocation-Related Termination&#8221;), and (ii) that for purposes of this letter agreement and the Employment Agreement (and for purposes of any other equity award agreement and other agreement between the Company and you, and for purposes of any policy or plan of the Company), you and the Company agree that any such Relocation-Related Termination will be treated as a termination by you of your employment without Good Reason and will </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%;text-decoration:underline">not</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:126%"> be treated as a termination of your employment by the Company without Cause.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">8.  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">Treatment of Termination under Equity Awards</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">.  The Company acknowledges and agrees that Section 3(d) of the New Hire Equity Award Agreement will specify that &#8220;Upon the Participant&#8217;s Termination of Service prior to the expiration of the vesting period in Section 3(a), any Award Shares not vested at the time of such termination (after taking into account any vesting that occurs in connection with such Termination of Service pursuant to the terms of this Award Agreement and any employment agreement and&#47;or related side letter between the Participant and the Company), shall be forfeited. In the event of a conflict between the terms of this Award Agreement and the terms of an employment agreement and&#47;or related side letter between the Participant and the Company, the terms of such employment agreement and&#47;or related side letter shall control.&#8221; The Company also acknowledges and agrees that the award agreements for the 2021 Year-End Equity Awards will include the same language, or language of the same effect.  </font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">9.  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">Outside Activities</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">. The Company hereby consents to your continued service on the board of directors of the not-for-profit organization Embers International Inc. during the term of your employment with the Company, and acknowledges and agrees that such continued service will not constitute a breach of the Employment Agreement (including, without limitation, Section 1 of the Employment Agreement) or this letter agreement.&#160;&#160;&#160;&#160;</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">10.  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">Duly Authorized</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">. The Employment Agreement and this letter agreement have been duly authorized, executed and delivered by the Company, and constitute the valid and legally binding obligations of the Company.</font></div><div style="text-align:center;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%"><br></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:114%">*          *          *</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company may withhold from any amounts payable under this letter agreement such federal, state, local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation. The provisions contained in Section 19 of the Employment Agreement are hereby incorporated by reference herein.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Attached to this letter agreement are Appendices A-D, which Appendices are hereby incorporated herein and made a part hereof. This letter agreement (including the Appendices incorporated herein) contain information that is additive to the subject matter contained in the Employment Agreement, and to such extent constitutes a modification of the Employment Agreement and is neither superseded by, nor does the subject matter hereof supersede, the Employment Agreement.  The terms of this letter agreement and the Employment Agreement constitute an irrevocable offer of the Company which shall remain </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">outstanding through to the close of business on April 23, 2021 (the &#8220;Acceptance Deadline&#8221;). You may indicate your acceptance of the</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">terms of this letter agreement and the Employment Agreement by signing below. If you fail to accept by the Acceptance Deadline, the offer shall be withdrawn and be of no further force or effect.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">*          *          *</font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">&#91;Signature page follows&#8230;&#93;</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><div id="ia87556ffa9d8445683d5d9f10430126c_10"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div><font><br></font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Brooke, we all look forward to working with you. Please sign and date this letter agreement in the space provided below to acknowledge your acceptance of the terms of this letter agreement.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="padding-left:108pt;text-align:justify;text-indent:144pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sincerely,</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="padding-left:216pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Redwood Trust, Inc.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="padding-left:108pt;text-align:justify;text-indent:144pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">By&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">&#160;&#47;s&#47; Christopher J. Abate&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;      </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">                                       </font></div><div style="padding-left:108pt;text-align:justify;text-indent:144pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">      Name&#58; Christopher J. Abate</font></div><div style="padding-left:180pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">      Title&#58; Chief Executive Officer</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Attachments</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">I agree and accept the terms of this letter agreement and the Employment Agreement with Redwood Trust, Inc.</font></div><div style="text-align:center"><font><br></font></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:81.089%"><tr><td style="width:0.1%"></td><td style="width:2.764%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.315%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.556%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.062%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.703%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">&#47;s&#47; Brooke Carillo</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">Brooke Carillo</font></td></tr></table></div><div style="text-indent:36pt"><font><br></font></div><div><font><br></font></div><div id="ia87556ffa9d8445683d5d9f10430126c_13"></div><div style="margin-bottom:0.08pt"><font><br></font></div><div id="ia87556ffa9d8445683d5d9f10430126c_16"></div><div style="margin-bottom:0.08pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>5
<FILENAME>rwtex3111q21.htm
<DESCRIPTION>EX-31.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2021 Workiva -->
<title>Document</title></head><body><div id="ifae6db1b2f4845caaa132ff656a11a6c_1"></div><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">EXHIBIT 31.1</font></div><div><font><br></font></div></div><div><font><br></font></div><div style="text-align:right"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CHIEF EXECUTIVE OFFICER CERTIFICATION PURSUANT TO SECTION 302 OF </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> <br></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">THE SARBANES-OXLEY ACT OF 2002</font></div><div style="margin-top:6pt;padding-left:22.5pt;text-indent:-20.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">I, Christopher J. Abate, certify that&#58;</font></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-22.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:15pt">I have reviewed this Quarterly Report on Form 10-Q of Redwood Trust, Inc.&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-22.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:15pt">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-22.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:15pt">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-22.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:15pt">The registrant&#8217;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over the financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and we have&#58;</font></div><div style="margin-top:6pt;padding-left:49.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:3.49pt">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared&#59;</font></div><div style="margin-top:6pt;padding-left:49.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:2.92pt">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles&#59;</font></div><div style="margin-top:6pt;padding-left:49.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:3.49pt">Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation&#59; and</font></div><div style="margin-top:6pt;padding-left:49.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">d)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:2.92pt">Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the registrant&#8217;s most recent fiscal quarter (the registrant&#8217;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting&#59; and</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-20.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:12.75pt">The registrant&#8217;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions)&#58;</font></div><div style="margin-top:6pt;padding-left:49.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:3.49pt">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize and report financial information&#59; and</font></div><div style="margin-top:6pt;padding-left:49.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:2.92pt">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting.</font></div><div style="margin-top:6pt;padding-left:13.5pt;text-align:justify"><font><br></font></div><div style="padding-left:22.5pt;text-indent:-20.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</font></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:44.141%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.996%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:51.463%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date&#58; May 7, 2021</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:22.5pt;text-indent:-20.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; Christopher J. Abate</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:22.5pt;text-indent:-20.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Christopher J. Abate</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:22.5pt;text-indent:-20.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Executive Officer</font></div></td></tr></table></div><div><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>6
<FILENAME>rwtex3121q21.htm
<DESCRIPTION>EX-31.2
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2021 Workiva -->
<title>Document</title></head><body><div id="i1981ec73296945c39ba4424b2a53ee9b_1"></div><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">EXHIBIT 31.2</font></div><div><font><br></font></div></div><div style="text-align:right"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CHIEF FINANCIAL OFFICER CERTIFICATION PURSUANT TO SECTION 302 OF </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">THE SARBANES-OXLEY ACT OF 2002</font></div><div style="margin-top:6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">I, Collin L. Cochrane, certify that&#58;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-20.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:12.75pt">I have reviewed this Quarterly Report on Form 10-Q of Redwood Trust, Inc.&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-20.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:12.75pt">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-20.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:12.75pt">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report&#59;</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-20.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:12.75pt">The registrant&#8217;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over the financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and we have&#58;</font></div><div style="margin-top:6pt;padding-left:49.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:3.49pt">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared&#59;</font></div><div style="margin-top:6pt;padding-left:49.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:2.92pt">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles&#59;</font></div><div style="margin-top:6pt;padding-left:49.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:3.49pt">Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation&#59; and</font></div><div style="margin-top:6pt;padding-left:49.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">d)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:2.92pt">Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the registrant&#8217;s most recent fiscal quarter (the registrant&#8217;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting&#59; and</font></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-20.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:12.75pt">The registrant&#8217;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions)&#58;</font></div><div style="margin-top:6pt;padding-left:49.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:3.49pt">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize and report financial information&#59; and</font></div><div style="margin-top:6pt;padding-left:49.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:2.92pt">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting.</font></div><div style="margin-top:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:44.141%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.996%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:51.463%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date&#58; May 7, 2021</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; Collin L. Cochrane</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Collin L. Cochrane</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Financial Officer</font></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>7
<FILENAME>rwtex3211q21.htm
<DESCRIPTION>EX-32.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2021 Workiva -->
<title>Document</title></head><body><div id="i0d942115319a473ba90403e8a291ab4f_1"></div><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">EXHIBIT 32.1</font></div><div><font><br></font></div></div><div style="text-align:right"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CERTIFICATION</font></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to 18 U.S.C. &#167;1350, the undersigned officer of Redwood Trust, Inc. (the &#8220;Registrant&#8221;) hereby certifies that the Registrant&#8217;s Quarterly Report on Form 10-Q for the three months ended March 31, 2021 (the &#8220;Quarterly Report&#8221;) fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934 and that the information contained in the Quarterly Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.</font></div><div style="text-align:justify;text-indent:18pt"><font><br></font></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:44.141%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.996%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:51.463%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date&#58; May 7, 2021</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; Christopher J. Abate</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Christopher J. Abate</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Executive Officer</font></td></tr></table></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The foregoing certification is being furnished solely pursuant to 18 U.S.C. &#167;1350 and is not being filed as part of the Quarterly Report or as a separate disclosure document.</font></div><div><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.2
<SEQUENCE>8
<FILENAME>rwtex3221q21.htm
<DESCRIPTION>EX-32.2
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2021 Workiva -->
<title>Document</title></head><body><div id="ifc398790a2234b6d91421e625144bbf4_1"></div><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">EXHIBIT 32.2</font></div><div><font><br></font></div></div><div style="text-align:right"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CERTIFICATION</font></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to 18 U.S.C. &#167;1350, the undersigned officer of Redwood Trust, Inc. (the &#8220;Registrant&#8221;) hereby certifies that the Registrant&#8217;s Quarterly Report on Form 10-Q for the three months ended March 31, 2021 (the &#8220;Quarterly Report&#8221;) fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934 and that the information contained in the Quarterly Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:44.141%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.996%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:51.463%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date&#58; May 7, 2021</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; Collin L. Cochrane</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Collin L. Cochrane</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:500%">Chief Financial Officer</font></div></td></tr></table></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The foregoing certification is being furnished solely pursuant to 18 U.S.C. &#167;1350 and is not being filed as part of the Quarterly Report or as a separate disclosure document.</font></div><div style="margin-top:6pt;text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>9
<FILENAME>rwt-20210331.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2021 Workiva-->
<!--r:e35fa16f-4607-46d5-a3e8-070c9aa6504e,g:4da2f0a3-50bd-4f07-92da-417db8aabd49-->
<xs:schema xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:rwt="http://www.redwoodtrust.com/20210331" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://www.redwoodtrust.com/20210331">
  <xs:import namespace="http://fasb.org/srt/2020-01-31" schemaLocation="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd"/>
  <xs:import namespace="http://fasb.org/us-gaap/2020-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd"/>
  <xs:import namespace="http://www.w3.org/1999/xlink" schemaLocation="http://www.xbrl.org/2003/xlink-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/dtr/type/non-numeric" schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd"/>
  <xs:import namespace="http://www.xbrl.org/dtr/type/numeric" schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd"/>
  <xs:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/dei/2020-01-31" schemaLocation="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd"/>
  <xs:annotation>
    <xs:appinfo>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="rwt-20210331_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="rwt-20210331_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="rwt-20210331_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="rwt-20210331_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple"/>
      <link:roleType id="CoverPage" roleURI="http://www.redwoodtrust.com/role/CoverPage">
        <link:definition>000010001 - Document - Cover Page</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDBALANCESHEETS" roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS">
        <link:definition>100010002 - Statement - CONSOLIDATED BALANCE SHEETS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDBALANCESHEETSPARENTHETICAL" roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL">
        <link:definition>100020003 - Statement - CONSOLIDATED BALANCE SHEETS (PARENTHETICAL)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDSTATEMENTSOFINCOMELOSS" roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS">
        <link:definition>100030004 - Statement - CONSOLIDATED STATEMENTS OF INCOME (LOSS)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS" roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS">
        <link:definition>100040005 - Statement - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY" roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY">
        <link:definition>100050006 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITYParenthetical" roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITYParenthetical">
        <link:definition>100060007 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDSTATEMENTSOFCASHFLOWS" roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS">
        <link:definition>100070008 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDSTATEMENTSOFCASHFLOWSPARENTHETICAL" roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWSPARENTHETICAL">
        <link:definition>100080009 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (PARENTHETICAL)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="Organization" roleURI="http://www.redwoodtrust.com/role/Organization">
        <link:definition>210011001 - Disclosure - Organization</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OrganizationDetails" roleURI="http://www.redwoodtrust.com/role/OrganizationDetails">
        <link:definition>240024001 - Disclosure - Organization (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="BasisofPresentation" roleURI="http://www.redwoodtrust.com/role/BasisofPresentation">
        <link:definition>210031002 - Disclosure - Basis of Presentation</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="BasisofPresentationTables" roleURI="http://www.redwoodtrust.com/role/BasisofPresentationTables">
        <link:definition>230043001 - Disclosure - Basis of Presentation (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="BasisofPresentationNarrativeDetails" roleURI="http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails">
        <link:definition>240054002 - Disclosure - Basis of Presentation - Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="BasisofPresentationIntangibleAssetsActivityDetails" roleURI="http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails">
        <link:definition>240064003 - Disclosure - Basis of Presentation - Intangible Assets &#8211; Activity (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails" roleURI="http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails">
        <link:definition>240074004 - Disclosure - Basis of Presentation - Intangible Asset Amortization Expense by Year (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SummaryofSignificantAccountingPolicies" roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPolicies">
        <link:definition>210081003 - Disclosure - Summary of Significant Accounting Policies</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SummaryofSignificantAccountingPoliciesPolicies" roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesPolicies">
        <link:definition>220092001 - Disclosure - Summary of Significant Accounting Policies (Policies)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SummaryofSignificantAccountingPoliciesTables" roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesTables">
        <link:definition>230103002 - Disclosure - Summary of Significant Accounting Policies (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails" roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails">
        <link:definition>240114005 - Disclosure - Summary of Significant Accounting Policies - Offsetting of Financial Assets, Liabilities, and Collateral (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails_1" roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails_1">
        <link:definition>240114005 - Disclosure - Summary of Significant Accounting Policies - Offsetting of Financial Assets, Liabilities, and Collateral (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="PrinciplesofConsolidation" roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidation">
        <link:definition>210121004 - Disclosure - Principles of Consolidation</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="PrinciplesofConsolidationTables" roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationTables">
        <link:definition>230133003 - Disclosure - Principles of Consolidation (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="PrinciplesofConsolidationAdditionalInformationDetails" roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails">
        <link:definition>240144006 - Disclosure - Principles of Consolidation - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails" roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails">
        <link:definition>240154007 - Disclosure - Principles of Consolidation - Assets and Liabilities of Consolidated Variable Interest Entities Accounted for as Collateralized Financing Entities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails" roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails">
        <link:definition>240164008 - Disclosure - Principles of Consolidation - Income (Loss) from Consolidated VIEs Accounted for as Collateralized Financing Entities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails">
        <link:definition>240174009 - Disclosure - Principles of Consolidation - Securitization Activity Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails">
        <link:definition>240184010 - Disclosure - Principles of Consolidation - Cash Flows Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails">
        <link:definition>240194011 - Disclosure - Principles of Consolidation - Assumptions Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails">
        <link:definition>240204012 - Disclosure - Principles of Consolidation - Summary of Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails">
        <link:definition>240214013 - Disclosure - Principles of Consolidation - Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails" roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails">
        <link:definition>240224014 - Disclosure - Principles of Consolidation - Summary of Redwood's Interest in Third-Party Variable Interest Entity's (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueofFinancialInstruments" roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstruments">
        <link:definition>210231005 - Disclosure - Fair Value of Financial Instruments</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueofFinancialInstrumentsTables" roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsTables">
        <link:definition>230243004 - Disclosure - Fair Value of Financial Instruments (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails" roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails">
        <link:definition>240254015 - Disclosure - Fair Value of Financial Instruments - Carrying Values and Estimated Fair Values of Assets and Liabilities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueofFinancialInstrumentsAdditionalInformationDetails" roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails">
        <link:definition>240264016 - Disclosure - Fair Value of Financial Instruments - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails" roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails">
        <link:definition>240274017 - Disclosure - Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails" roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails">
        <link:definition>240284018 - Disclosure - Fair Value of Financial Instruments - Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails" roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails">
        <link:definition>240294019 - Disclosure - Fair Value of Financial Instruments - Portion of Net Gains (Losses) Attributable to Level 3 Assets and Liabilities Still Held Included in Net Income (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails" roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails">
        <link:definition>240304020 - Disclosure - Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on Non-Recurring Basis (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails" roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails">
        <link:definition>240314021 - Disclosure - Fair Value of Financial Instruments - Market Valuation Adjustments, Net (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails" roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails">
        <link:definition>240324022 - Disclosure - Fair Value of Financial Instruments - Quantitative Information about Significant Unobservable Inputs Used in Valuation of Level 3 Assets and Liabilities Measured at Fair Value (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ResidentialLoans" roleURI="http://www.redwoodtrust.com/role/ResidentialLoans">
        <link:definition>210331006 - Disclosure - Residential Loans</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ResidentialLoansTables" roleURI="http://www.redwoodtrust.com/role/ResidentialLoansTables">
        <link:definition>230343005 - Disclosure - Residential Loans (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails" roleURI="http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails">
        <link:definition>240354023 - Disclosure - Residential Loans - Summary of Classifications and Carrying Value of Residential Loans (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ResidentialLoansAdditionalInformationDetails" roleURI="http://www.redwoodtrust.com/role/ResidentialLoansAdditionalInformationDetails">
        <link:definition>240364024 - Disclosure - Residential Loans - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails" roleURI="http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails">
        <link:definition>240374025 - Disclosure - Residential Loans - Characteristics of Residential Loans Held-for-Sale (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails" roleURI="http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails">
        <link:definition>240384026 - Disclosure - Residential Loans - Quarterly Activity of Residential Loans Held-for-Sale (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails" roleURI="http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails">
        <link:definition>240394027 - Disclosure - Residential Loans - Characteristics of Loans Held-for-Investment (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails" roleURI="http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails">
        <link:definition>240404028 - Disclosure - Residential Loans - Quarterly Activity of Residential Loans Held-for-Investment (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="BusinessPurposeLoans" roleURI="http://www.redwoodtrust.com/role/BusinessPurposeLoans">
        <link:definition>210411007 - Disclosure - Business Purpose Loans</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="BusinessPurposeLoansTables" roleURI="http://www.redwoodtrust.com/role/BusinessPurposeLoansTables">
        <link:definition>230423006 - Disclosure - Business Purpose Loans (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails" roleURI="http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails">
        <link:definition>240434029 - Disclosure - Business Purpose Loans - Classifications and Carrying Values of Business Purpose Residential Loans (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails" roleURI="http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails">
        <link:definition>240444030 - Disclosure - Business Purpose Loans - Activity and Characteristics of Business Purpose Loans (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="MultifamilyLoans" roleURI="http://www.redwoodtrust.com/role/MultifamilyLoans">
        <link:definition>210451008 - Disclosure - Multifamily Loans</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="MultifamilyLoansTables" roleURI="http://www.redwoodtrust.com/role/MultifamilyLoansTables">
        <link:definition>230463007 - Disclosure - Multifamily Loans (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="MultifamilyLoansDetails" roleURI="http://www.redwoodtrust.com/role/MultifamilyLoansDetails">
        <link:definition>240474031 - Disclosure - Multifamily Loans (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RealEstateSecurities" roleURI="http://www.redwoodtrust.com/role/RealEstateSecurities">
        <link:definition>210481009 - Disclosure - Real Estate Securities</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RealEstateSecuritiesTables" roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesTables">
        <link:definition>230493008 - Disclosure - Real Estate Securities (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails" roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails">
        <link:definition>240504032 - Disclosure - Real Estate Securities - Fair Values of Real Estate Securities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails" roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails">
        <link:definition>240514033 - Disclosure - Real Estate Securities - Trading Securities by Collateral Type (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails" roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails">
        <link:definition>240524034 - Disclosure - Real Estate Securities - Available for Sale Securities by Collateral Type (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RealEstateSecuritiesAdditionalInformationDetails" roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails">
        <link:definition>240534035 - Disclosure - Real Estate Securities - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails" roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails">
        <link:definition>240544036 - Disclosure - Real Estate Securities - Components of Carrying Value (Which Equals Fair Value) of Residential Available for Sale Securities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails" roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails">
        <link:definition>240554037 - Disclosure - Real Estate Securities - Changes of Unamortized Discount and Designated Credit Reserves on Residential Available for Sale Securities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails" roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails">
        <link:definition>240564038 - Disclosure - Real Estate Securities - Components of Carrying Value of Residential Available for Sale Securities in Unrealized Loss Position (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails" roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails">
        <link:definition>240574039 - Disclosure - Real Estate Securities - Summary of Significant Valuation Assumptions for Available for Sale Securities Credit Loss (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails" roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails">
        <link:definition>240584040 - Disclosure - Real Estate Securities - Activity of Allowance for Credit Losses for Available-for-sale Securities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails" roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails">
        <link:definition>240594041 - Disclosure - Real Estate Securities - Gross Realized Gains and Losses on Sales and Calls of Available for Sale Securities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherInvestments" roleURI="http://www.redwoodtrust.com/role/OtherInvestments">
        <link:definition>210601010 - Disclosure - Other Investments</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherInvestmentsTables" roleURI="http://www.redwoodtrust.com/role/OtherInvestmentsTables">
        <link:definition>230613009 - Disclosure - Other Investments (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherInvestmentsSummaryofOtherInvestmentsDetails" roleURI="http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails">
        <link:definition>240624042 - Disclosure - Other Investments - Summary of Other Investments (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherInvestmentsAdditionalInformationDetails" roleURI="http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails">
        <link:definition>240634043 - Disclosure - Other Investments - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherInvestmentsServicingAdvanceInvestmentsDetails" roleURI="http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails">
        <link:definition>240644044 - Disclosure - Other Investments - Servicing Advance Investments (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="DerivativeFinancialInstruments" roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstruments">
        <link:definition>210651011 - Disclosure - Derivative Financial Instruments</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="DerivativeFinancialInstrumentsTables" roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsTables">
        <link:definition>230663010 - Disclosure - Derivative Financial Instruments (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails" roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails">
        <link:definition>240674045 - Disclosure - Derivative Financial Instruments - Aggregate Fair Value and Notional Amount of Derivative Financial Instruments (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="DerivativeFinancialInstrumentsAdditionalInformationDetails" roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails">
        <link:definition>240684046 - Disclosure - Derivative Financial Instruments - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails" roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails">
        <link:definition>240694047 - Disclosure - Derivative Financial Instruments - Impact on Interest Expense of Interest Rate Agreements Accounted for as Cash Flow Hedges (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherAssetsandLiabilities" roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilities">
        <link:definition>210701012 - Disclosure - Other Assets and Liabilities</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherAssetsandLiabilitiesTables" roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesTables">
        <link:definition>230713011 - Disclosure - Other Assets and Liabilities (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails" roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails">
        <link:definition>240724048 - Disclosure - Other Assets and Liabilities - Components of Other Assets (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails" roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails">
        <link:definition>240734049 - Disclosure - Other Assets and Liabilities - Accrued Expenses and Other Liabilities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherAssetsandLiabilitiesREOInformationDetails" roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails">
        <link:definition>240744050 - Disclosure - Other Assets and Liabilities - REO Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ShortTermDebt" roleURI="http://www.redwoodtrust.com/role/ShortTermDebt">
        <link:definition>210751013 - Disclosure - Short-Term Debt</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ShortTermDebtTables" roleURI="http://www.redwoodtrust.com/role/ShortTermDebtTables">
        <link:definition>230763012 - Disclosure - Short-Term Debt (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails" roleURI="http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails">
        <link:definition>240774051 - Disclosure - Short-Term Debt - Outstanding Balances of Short-Term Debt by Type of Collateral Securing Debt (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ShortTermDebtCollateralforShortTermDebtFacilitiesDetails" roleURI="http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails">
        <link:definition>240784052 - Disclosure - Short-Term Debt - Collateral for Short-Term Debt Facilities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ShortTermDebtAdditionalInformationDetails" roleURI="http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails">
        <link:definition>240794053 - Disclosure - Short-Term Debt - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ShortTermDebtRemainingMaturitiesofShortTermDebtDetails" roleURI="http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails">
        <link:definition>240804054 - Disclosure - Short-Term Debt - Remaining Maturities of Short Term Debt (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="AssetBackedSecuritiesIssued" roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssued">
        <link:definition>210811014 - Disclosure - Asset-Backed Securities Issued</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="AssetBackedSecuritiesIssuedTables" roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedTables">
        <link:definition>230823013 - Disclosure - Asset-Backed Securities Issued (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails" roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails">
        <link:definition>240834055 - Disclosure - Asset-Backed Securities Issued - Components of Asset-Backed Securities Issued by Consolidated Securitization Entities Sponsored, Along With Other Selected Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="AssetBackedSecuritiesIssuedAdditionalInformationDetails" roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails">
        <link:definition>240844056 - Disclosure - Asset-Backed Securities Issued - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="AssetBackedSecuritiesIssuedAccruedInterestPayableDetails" roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails">
        <link:definition>240854057 - Disclosure - Asset-Backed Securities Issued - Accrued Interest Payable (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LongTermDebt" roleURI="http://www.redwoodtrust.com/role/LongTermDebt">
        <link:definition>210861015 - Disclosure - Long-Term Debt</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LongTermDebtTables" roleURI="http://www.redwoodtrust.com/role/LongTermDebtTables">
        <link:definition>230873014 - Disclosure - Long-Term Debt (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LongTermDebtScheduleofComponentsofLongTermDebtDetails" roleURI="http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails">
        <link:definition>240884058 - Disclosure - Long-Term Debt - Schedule of Components of Long-Term Debt (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LongTermDebtScheduleofCollateralforLongTermDebtDetails" roleURI="http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails">
        <link:definition>240894059 - Disclosure - Long-Term Debt - Schedule of Collateral for Long-Term Debt (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails" roleURI="http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails">
        <link:definition>240904060 - Disclosure - Long-Term Debt - Schedule of Accrued Interest Payable on Long Term Debt (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CommitmentsandContingencies" roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingencies">
        <link:definition>210911016 - Disclosure - Commitments and Contingencies</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CommitmentsandContingenciesTables" roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingenciesTables">
        <link:definition>230923015 - Disclosure - Commitments and Contingencies (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CommitmentsandContingenciesAdditionalInformationDetails" roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails">
        <link:definition>240934061 - Disclosure - Commitments and Contingencies - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CommitmentsandContingenciesFutureLeaseCommitmentsDetails" roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails">
        <link:definition>240944062 - Disclosure - Commitments and Contingencies - Future Lease Commitments (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CommitmentsandContingenciesFutureLeaseCommitmentsDetails_1" roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails_1">
        <link:definition>240944062 - Disclosure - Commitments and Contingencies - Future Lease Commitments (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="Equity" roleURI="http://www.redwoodtrust.com/role/Equity">
        <link:definition>210951017 - Disclosure - Equity</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EquityTables" roleURI="http://www.redwoodtrust.com/role/EquityTables">
        <link:definition>230963016 - Disclosure - Equity (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails" roleURI="http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails">
        <link:definition>240974063 - Disclosure - Equity - Changes to Accumulated Other Comprehensive Income (Loss) by Component (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails" roleURI="http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails">
        <link:definition>240984064 - Disclosure - Equity - Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EquityAdditionalInformationDetails" roleURI="http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails">
        <link:definition>240994065 - Disclosure - Equity - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EquityBasicandDilutedEarningsPerCommonShareDetails" roleURI="http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails">
        <link:definition>241004066 - Disclosure - Equity - Basic and Diluted Earnings Per Common Share (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EquityCompensationPlans" roleURI="http://www.redwoodtrust.com/role/EquityCompensationPlans">
        <link:definition>211011018 - Disclosure - Equity Compensation Plans</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EquityCompensationPlansTables" roleURI="http://www.redwoodtrust.com/role/EquityCompensationPlansTables">
        <link:definition>231023017 - Disclosure - Equity Compensation Plans (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EquityCompensationPlansAdditionalInformationDetails" roleURI="http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails">
        <link:definition>241034067 - Disclosure - Equity Compensation Plans - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EquityCompensationPlansUnrecognizedCompensationCostDetails" roleURI="http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails">
        <link:definition>241044068 - Disclosure - Equity Compensation Plans - Unrecognized Compensation Cost (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="MortgageBankingActivitiesNet" roleURI="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNet">
        <link:definition>211051019 - Disclosure - Mortgage Banking Activities, Net</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="MortgageBankingActivitiesNetTables" roleURI="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetTables">
        <link:definition>231063018 - Disclosure - Mortgage Banking Activities, Net (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails" roleURI="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails">
        <link:definition>241074069 - Disclosure - Mortgage Banking Activities, Net - Components of Mortgage Banking Activities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherIncome" roleURI="http://www.redwoodtrust.com/role/OtherIncome">
        <link:definition>211081020 - Disclosure - Other Income</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherIncomeTables" roleURI="http://www.redwoodtrust.com/role/OtherIncomeTables">
        <link:definition>231093019 - Disclosure - Other Income (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherIncomeDetails" roleURI="http://www.redwoodtrust.com/role/OtherIncomeDetails">
        <link:definition>241104070 - Disclosure - Other Income (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpenses" roleURI="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpenses">
        <link:definition>211111021 - Disclosure - General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesTables" roleURI="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesTables">
        <link:definition>231123020 - Disclosure - General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails" roleURI="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails">
        <link:definition>241134071 - Disclosure - General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses - Components of General and Administrative Expenses and Other Expenses (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="Taxes" roleURI="http://www.redwoodtrust.com/role/Taxes">
        <link:definition>211141022 - Disclosure - Taxes</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="TaxesTables" roleURI="http://www.redwoodtrust.com/role/TaxesTables">
        <link:definition>231153021 - Disclosure - Taxes (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="TaxesAdditionalInformationDetails" roleURI="http://www.redwoodtrust.com/role/TaxesAdditionalInformationDetails">
        <link:definition>241164072 - Disclosure - Taxes - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails" roleURI="http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails">
        <link:definition>241174073 - Disclosure - Taxes - Reconciliation of Statutory Tax Rate to Effective Tax Rate (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SegmentInformation" roleURI="http://www.redwoodtrust.com/role/SegmentInformation">
        <link:definition>211181023 - Disclosure - Segment Information</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SegmentInformationTables" roleURI="http://www.redwoodtrust.com/role/SegmentInformationTables">
        <link:definition>231193022 - Disclosure - Segment Information (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SegmentInformationAdditionalInformationDetails" roleURI="http://www.redwoodtrust.com/role/SegmentInformationAdditionalInformationDetails">
        <link:definition>241204074 - Disclosure - Segment Information - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SegmentInformationFinancialInformationbySegmentDetails" roleURI="http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails">
        <link:definition>241214075 - Disclosure - Segment Information - Financial Information by Segment (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SegmentInformationComponentsofCorporateOtherDetails" roleURI="http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails">
        <link:definition>241224076 - Disclosure - Segment Information - Components of Corporate/Other (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SegmentInformationSupplementalInformationbySegmentDetails" roleURI="http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails">
        <link:definition>241234077 - Disclosure - Segment Information - Supplemental Information by Segment (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xs:appinfo>
  </xs:annotation>
  <xs:element id="rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember" abstract="true" name="NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans" abstract="false" name="ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated" abstract="false" name="NumberOfVariableInterestEntitiesAcquiredAndConsolidated" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock" abstract="false" name="IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_ServicerAdvanceInvestmentsMember" abstract="true" name="ServicerAdvanceInvestmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_StockIssuanceProgramAuthorizedAmount" abstract="false" name="StockIssuanceProgramAuthorizedAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock" abstract="false" name="QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock" abstract="false" name="MortgageBankingAndInvestingActivitiesDisclosureTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_MortgageLoansOnRealEstateRepurchaseProvision" abstract="false" name="MortgageLoansOnRealEstateRepurchaseProvision" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_AccruedOperatingExpenses" abstract="false" name="AccruedOperatingExpenses" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_MarketValuationChangesInFairValueOfGuaranteeAsset" abstract="false" name="MarketValuationChangesInFairValueOfGuaranteeAsset" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_BridgeLoanHoldback" abstract="false" name="BridgeLoanHoldback" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ResidentialLoansAtFairValueMember" abstract="true" name="ResidentialLoansAtFairValueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_FreddieMacSLSTSecuritizationEntitiesMember" abstract="true" name="FreddieMacSLSTSecuritizationEntitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_FinancingReceivableContractMaturities" abstract="false" name="FinancingReceivableContractMaturities" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="rwt_MaturityOverFiveYearsMember" abstract="true" name="MaturityOverFiveYearsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_MultifamilyLoansFairValueDisclosure" abstract="false" name="MultifamilyLoansFairValueDisclosure" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_OtherAssetsAndOtherLiabilitiesLineItems" abstract="true" name="OtherAssetsAndOtherLiabilitiesLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" abstract="false" name="SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="num:percentItemType"/>
  <xs:element id="rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" abstract="false" name="DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
  <xs:element id="rwt_AtTheMarketOfferingsMember" abstract="true" name="AtTheMarketOfferingsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_SeniorCreditSupportMember" abstract="true" name="SeniorCreditSupportMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward" abstract="true" name="EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="rwt_ContingentConsiderationMember" abstract="true" name="ContingentConsiderationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_RealEstateSecuritiesPrimeMezzanineMember" abstract="true" name="RealEstateSecuritiesPrimeMezzanineMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther" abstract="false" name="AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ResidentialLoansHeldForSaleMember" abstract="true" name="ResidentialLoansHeldForSaleMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_LoanAcquisitionCosts" abstract="false" name="LoanAcquisitionCosts" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_DebtInstrumentAverageMaturityTerm" abstract="false" name="DebtInstrumentAverageMaturityTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="rwt_MeasurementInputPerLoanAnnualCostToServiceMember" abstract="true" name="MeasurementInputPerLoanAnnualCostToServiceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ResidentialBridgeLoansMember" abstract="true" name="ResidentialBridgeLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_OtherThirdPartySecuritiesMember" abstract="true" name="OtherThirdPartySecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_HomeAppreciationOptionMember" abstract="true" name="HomeAppreciationOptionMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure" abstract="false" name="DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions" abstract="false" name="TransferAndHoldCostsAssociatedWithLoanAcquisitions" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_RepreformingLoansSecuritiesMember" abstract="true" name="RepreformingLoansSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral" abstract="false" name="RestrictedCashAndOtherAssetsPledgedAsCollateral" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_CommissionsOnLoanAcquisitions" abstract="false" name="CommissionsOnLoanAcquisitions" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock" abstract="false" name="ScheduleofThirdPartySponsoredVIESummaryTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_MeasurementInputSubordinateCreditSpreadMember" abstract="true" name="MeasurementInputSubordinateCreditSpreadMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_VariableCompensationExpense" abstract="false" name="VariableCompensationExpense" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract" abstract="true" name="SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized" abstract="false" name="EmployeeStockPurchasePlanNumberOfSharesAuthorized" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="rwt_LoansReceivableMeasurementInput" abstract="false" name="LoansReceivableMeasurementInput" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
  <xs:element id="rwt_MortgageLoanOnRealEstateRepurchaseReserve" abstract="false" name="MortgageLoanOnRealEstateRepurchaseReserve" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_SeniorSecuritiesMember" abstract="true" name="SeniorSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions" abstract="false" name="DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_MeasurementInputMortgageServicingIncomeMember" abstract="true" name="MeasurementInputMortgageServicingIncomeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock" abstract="false" name="QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract" abstract="true" name="SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="rwt_MortgageBankingActivitiesMember" abstract="true" name="MortgageBankingActivitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased" abstract="false" name="UnpaidPrincipalBalanceOfSecuritizationPurchased" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod" abstract="false" name="PrincipalAmountOfLoansSecuritizedDuringPeriod" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_RealEstateSecuritiesMember" abstract="true" name="RealEstateSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock" abstract="false" name="CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_BorrowerNetworkMember" abstract="true" name="BorrowerNetworkMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember" abstract="true" name="SingleFamilyResidentialLoansHeldforsaleatFairValueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ScheduleOfCorporateAndOtherTableTextBlock" abstract="false" name="ScheduleOfCorporateAndOtherTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_SecuritiesRetainedAtFairValueDuringPeriod" abstract="false" name="SecuritiesRetainedAtFairValueDuringPeriod" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_NumberOfPartnershipsConsolidated" abstract="false" name="NumberOfPartnershipsConsolidated" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rwt_SupplementalBalanceSheetTableTextBlock" abstract="false" name="SupplementalBalanceSheetTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure" abstract="false" name="TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_PrincipalBalanceofLoansSoldDuringPeriod" abstract="false" name="PrincipalBalanceofLoansSoldDuringPeriod" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ResidentialLoanSellerDemandsMember" abstract="true" name="ResidentialLoanSellerDemandsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_FHLBCCapitalStockDividend" abstract="false" name="FHLBCCapitalStockDividend" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_SecuritiesMember" abstract="true" name="SecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock" abstract="false" name="ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_MortgageServicingRightsMember" abstract="true" name="MortgageServicingRightsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_MarketValuationAdjustmentsNet" abstract="false" name="MarketValuationAdjustmentsNet" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" abstract="false" name="SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="num:percentItemType"/>
  <xs:element id="rwt_ExchangeableSeniorNotesDue2025Member" abstract="true" name="ExchangeableSeniorNotesDue2025Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember" abstract="true" name="MeasurementInputNonSecuritizableLoanDollarPriceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember" abstract="true" name="ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_SequoiaChoiceSecuritizationEntitiesMember" abstract="true" name="SequoiaChoiceSecuritizationEntitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_MultifamilyLoansHeldforInvestmentMember" abstract="true" name="MultifamilyLoansHeldforInvestmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_BusinessPurposeBridgeLoansMember" abstract="true" name="BusinessPurposeBridgeLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ABSIssuedSecuritiesMember" abstract="true" name="ABSIssuedSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_AmortizationofPurchaseRelatedIntangibleAssets" abstract="false" name="AmortizationofPurchaseRelatedIntangibleAssets" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_LegacySequoiaSecuritizationEntitiesMember" abstract="true" name="LegacySequoiaSecuritizationEntitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_CommercialLoansAtFairValueMember" abstract="true" name="CommercialLoansAtFairValueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_SpecialPurposeEntitiesLiabilities" abstract="false" name="SpecialPurposeEntitiesLiabilities" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ServicingAssetExpectedRemainingLife" abstract="false" name="ServicingAssetExpectedRemainingLife" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances" abstract="false" name="ServicingAssetsAtFairValuePrincipalAndInterestAdvances" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember" abstract="true" name="SingleFamilyRentalLoanWarehouseFacilitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock" abstract="false" name="UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_A5ArchesLLCAndCoreVestMember" abstract="true" name="A5ArchesLLCAndCoreVestMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_NumberOfFacilities" abstract="false" name="NumberOfFacilities" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rwt_InvestmentSecuritiesMember" abstract="true" name="InvestmentSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock" abstract="false" name="ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves" abstract="false" name="AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_CertificatesWithPrincipalValueMember" abstract="true" name="CertificatesWithPrincipalValueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_FinancingReceivableLoanToValueRatio" abstract="false" name="FinancingReceivableLoanToValueRatio" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="num:percentItemType"/>
  <xs:element id="rwt_ServicerAdvancesCollateral" abstract="false" name="ServicerAdvancesCollateral" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_LesseeNumberOfLeases" abstract="false" name="LesseeNumberOfLeases" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rwt_ResidentialBridgeHeldForSaleAtFairValueMember" abstract="true" name="ResidentialBridgeHeldForSaleAtFairValueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ThirdPartyResidentialInvestmentsMember" abstract="true" name="ThirdPartyResidentialInvestmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_LongTermMarketableSecuritiesMaturitiesTerm" abstract="false" name="LongTermMarketableSecuritiesMaturitiesTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee" abstract="false" name="EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="rwt_FeeIncomeRiskSharingAgreement" abstract="false" name="FeeIncomeRiskSharingAgreement" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_MortgageLoansOnRealEstateRepurchaseRequests" abstract="false" name="MortgageLoansOnRealEstateRepurchaseRequests" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rwt_SingleFamilyBusinessPurposeResidentialLoansMember" abstract="true" name="SingleFamilyBusinessPurposeResidentialLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ServicerAdvanceInvestments" abstract="false" name="ServicerAdvanceInvestments" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock" abstract="false" name="ScheduleOfAssetBackedSecuritiesTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_LoansHeldForSaleAtFairValueMember" abstract="true" name="LoansHeldForSaleAtFairValueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_MSRMultipleMember" abstract="true" name="MSRMultipleMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ResidentialLoansMember" abstract="true" name="ResidentialLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_TradingSecuritiesMember" abstract="true" name="TradingSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember" abstract="true" name="MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_CommitmentToFundPartnershipNumberOfPartnerships" abstract="false" name="CommitmentToFundPartnershipNumberOfPartnerships" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns" abstract="false" name="FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_MeasurementInputISODiscountRateMember" abstract="true" name="MeasurementInputISODiscountRateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" abstract="false" name="DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember" abstract="true" name="SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter" abstract="false" name="FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_LoansPledgedAsCollateralShortTermDebtMember" abstract="true" name="LoansPledgedAsCollateralShortTermDebtMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_HomeAppreciationOptionsMeasurementInput" abstract="false" name="HomeAppreciationOptionsMeasurementInput" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
  <xs:element id="rwt_SingleFamilyRentalLoansHeldForSaleMember" abstract="true" name="SingleFamilyRentalLoansHeldForSaleMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember" abstract="true" name="ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_MeasurementInputPullthroughRateMember" abstract="true" name="MeasurementInputPullthroughRateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ServicingAssetsAtFairValueEscrowAdvances" abstract="false" name="ServicingAssetsAtFairValueEscrowAdvances" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_CashPaidDuringPeriodAbstract" abstract="true" name="CashPaidDuringPeriodAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="rwt_ResidentialMortgageBankingActivitiesMember" abstract="true" name="ResidentialMortgageBankingActivitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_PaymentsForServicingAdvanceInvestments" abstract="false" name="PaymentsForServicingAdvanceInvestments" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_RealEstateSecuritiesRepoMember" abstract="true" name="RealEstateSecuritiesRepoMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate" abstract="false" name="SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_MarginPayable" abstract="false" name="MarginPayable" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses" abstract="false" name="DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_LoansHeldForInvestmentAtFairValueMember" abstract="true" name="LoansHeldForInvestmentAtFairValueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_UnderwritingCostsAssociatedWithLoanAcquisitions" abstract="false" name="UnderwritingCostsAssociatedWithLoanAcquisitions" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_OffsettingAssetAndLiabilitiesLineItems" abstract="true" name="OffsettingAssetAndLiabilitiesLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="rwt_MeasurementInputCRTDollarPriceMember" abstract="true" name="MeasurementInputCRTDollarPriceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_SubordinateSecuritiesMember" abstract="true" name="SubordinateSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_GuaranteeObligationCreditReserve" abstract="false" name="GuaranteeObligationCreditReserve" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock" abstract="false" name="ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_MeasurementInputWholeLoanCommittedSalesPriceMember" abstract="true" name="MeasurementInputWholeLoanCommittedSalesPriceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_CarryingValueOfLoansTableTextBlock" abstract="false" name="CarryingValueOfLoansTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_BalanceSheetNettingPolicyTextBlock" abstract="false" name="BalanceSheetNettingPolicyTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring" abstract="false" name="AllocatedSharebasedCompensationExpenseIncludingRestructuring" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward" abstract="true" name="AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="rwt_CommitmentToFundInvestmentMember" abstract="true" name="CommitmentToFundInvestmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_InterestOnlyStripAndSeniorSecuritiesMember" abstract="true" name="InterestOnlyStripAndSeniorSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember" abstract="true" name="LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_CoreVestAmericanFinanceLenderLLCMember" abstract="true" name="CoreVestAmericanFinanceLenderLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_LoanPurchaseCommitmentsFairValueDisclosure" abstract="false" name="LoanPurchaseCommitmentsFairValueDisclosure" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember" abstract="true" name="CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_BrokerNetworkMember" abstract="true" name="BrokerNetworkMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_BusinessPurposeResidentialLoansHeldforSaleMember" abstract="true" name="BusinessPurposeResidentialLoansHeldforSaleMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_MortgageBankingAndInvestmentActivitiesMember" abstract="true" name="MortgageBankingAndInvestmentActivitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember" abstract="true" name="ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_OffsettingAssetAndLiabilitiesTable" abstract="true" name="OffsettingAssetAndLiabilitiesTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage" abstract="false" name="RealEstateOwnedHeldForInvestmentFixedRatePercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="num:percentItemType"/>
  <xs:element id="rwt_ResidentialLendingMember" abstract="true" name="ResidentialLendingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ResidentialLoansHeldForInvestmentAtFairValueMember" abstract="true" name="ResidentialLoansHeldForInvestmentAtFairValueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_SecuredBorrowingsDisclosureTextBlock" abstract="false" name="SecuredBorrowingsDisclosureTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_InterestOnlyCertificatesMember" abstract="true" name="InterestOnlyCertificatesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_OtherNotesReceivableMember" abstract="true" name="OtherNotesReceivableMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ServicingAssetsAtFairValueCorporateAdvances" abstract="false" name="ServicingAssetsAtFairValueCorporateAdvances" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_CommitmentToFundResidentialBridgeLoanMember" abstract="true" name="CommitmentToFundResidentialBridgeLoanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount" abstract="false" name="StockIssuanceProgramRemainingAuthorizedIssuanceAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ShareRepurchaseProgramFebruary2018Member" abstract="true" name="ShareRepurchaseProgramFebruary2018Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate" abstract="false" name="DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="num:percentItemType"/>
  <xs:element id="rwt_EmployeeStockPurchasePlanMember" abstract="true" name="EmployeeStockPurchasePlanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ServicerAdvanceFinancingMember" abstract="true" name="ServicerAdvanceFinancingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_WholeLoanSpreadToTBAPriceMember" abstract="true" name="WholeLoanSpreadToTBAPriceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm" abstract="false" name="RealEstateOwnedHeldForInvestmentOriginalMaturityTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="rwt_NumberOfAvailableForSaleSecurities" abstract="false" name="NumberOfAvailableForSaleSecurities" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rwt_SeniorCreditSpreadMember" abstract="true" name="SeniorCreditSpreadMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock" abstract="false" name="ScheduleOfMaturitiesOfDebtDisclosureTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod" abstract="false" name="PrincipalBalanceOfLoansAcquiredDuringPeriod" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased" abstract="false" name="MortgageLoansOnRealEstateNumberOfLoansRepurchased" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost" abstract="false" name="AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_MortgageServicingRightsIncomeLossNet" abstract="false" name="MortgageServicingRightsIncomeLossNet" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans" abstract="false" name="StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="rwt_ScheduleCollateralforShortTermDebtTableTextBlock" abstract="false" name="ScheduleCollateralforShortTermDebtTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ExcessMortgageServicingRightsMember" abstract="true" name="ExcessMortgageServicingRightsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_BusinessPurposeResidentialLoansMember" abstract="true" name="BusinessPurposeResidentialLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_PaymentsForOriginationOfLoansHeldForInvestment" abstract="false" name="PaymentsForOriginationOfLoansHeldForInvestment" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_SummaryOfOtherInvestmentsTableTextBlock" abstract="false" name="SummaryOfOtherInvestmentsTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_InterestRateAgreementTBAsAndFuturesMember" abstract="true" name="InterestRateAgreementTBAsAndFuturesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_HomeAppreciationOptionsFairvalueDisclosure" abstract="false" name="HomeAppreciationOptionsFairvalueDisclosure" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax" abstract="false" name="InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense" abstract="false" name="AcquisitionRelatedSharebasedPaymentArrangementExpense" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_RepaymentsOfServicingAdvanceInvestments" abstract="false" name="RepaymentsOfServicingAdvanceInvestments" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_OtherAssetsAndOtherLiabilitiesTable" abstract="true" name="OtherAssetsAndOtherLiabilitiesTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure" abstract="false" name="RestrictedCashAndCashEquivalentsFairValueDisclosure" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_InvestmentActivitiesMember" abstract="true" name="InvestmentActivitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ToBeAnnouncedContractsMember" abstract="true" name="ToBeAnnouncedContractsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_InterestExpenseCashFlowHedge" abstract="false" name="InterestExpenseCashFlowHedge" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_FHLBCBorrowingsMember" abstract="true" name="FHLBCBorrowingsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_MeasurementInputWholeLoanSpreadToSwapRateMember" abstract="true" name="MeasurementInputWholeLoanSpreadToSwapRateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_SeniorNotesDue2023Member" abstract="true" name="SeniorNotesDue2023Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_SequoiaSecuritiesMember" abstract="true" name="SequoiaSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_A5ArchesLLCMember" abstract="true" name="A5ArchesLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_LegacyConsolidatedVariableInterestEntitiesMember" abstract="true" name="LegacyConsolidatedVariableInterestEntitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity" abstract="false" name="DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="num:percentItemType"/>
  <xs:element id="rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls" abstract="false" name="AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions" abstract="false" name="AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_LoansHeldForInvestmentMeasurementInput" abstract="false" name="LoansHeldForInvestmentMeasurementInput" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
  <xs:element id="rwt_NumberOfSeries" abstract="false" name="NumberOfSeries" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rwt_RestrictedCashCollateralForBorrowedSecurities" abstract="false" name="RestrictedCashCollateralForBorrowedSecurities" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan" abstract="false" name="StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="rwt_FinancingReceivablesWeightedAverageInterestRate" abstract="false" name="FinancingReceivablesWeightedAverageInterestRate" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="num:percentItemType"/>
  <xs:element id="rwt_ResidentialLoanWarehouseMember" abstract="true" name="ResidentialLoanWarehouseMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember" abstract="true" name="NonRecourseBusinessPurposeLoanFinancingFacilityOneMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_OffsettingAssetAndLiabilitiesTableTextBlock" abstract="false" name="OffsettingAssetAndLiabilitiesTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_BusinessPurposeLendingMember" abstract="true" name="BusinessPurposeLendingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_BusinessCombinationContingentConsiderationLiabilityTerm" abstract="false" name="BusinessCombinationContingentConsiderationLiabilityTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="rwt_FreddieMacKSeriesSecuritizationEntitiesMember" abstract="true" name="FreddieMacKSeriesSecuritizationEntitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths" abstract="false" name="NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" abstract="false" name="FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_RestrictedCashMember" abstract="true" name="RestrictedCashMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_TrustPreferredSecuritiesMember" abstract="true" name="TrustPreferredSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ExcessMortgageServicingRightsIOs" abstract="false" name="ExcessMortgageServicingRightsIOs" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ProceedsFromPrincipalRepaymentsOnSecurities" abstract="false" name="ProceedsFromPrincipalRepaymentsOnSecurities" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" abstract="false" name="SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="num:percentItemType"/>
  <xs:element id="rwt_SeniorAndSubordinatedSecuritiesMember" abstract="true" name="SeniorAndSubordinatedSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_FinancingReceivableNumberOfLoansInForeclosure" abstract="false" name="FinancingReceivableNumberOfLoansInForeclosure" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rwt_ResidentialBridgeLoansHeldForInvestmentMember" abstract="true" name="ResidentialBridgeLoansHeldForInvestmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ServicingFees1" abstract="false" name="ServicingFees1" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_RealEstateSecuritiesPrimeSubordinateMember" abstract="true" name="RealEstateSecuritiesPrimeSubordinateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium" abstract="false" name="DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans" abstract="false" name="StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock" abstract="false" name="CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod" abstract="false" name="FairValueOptionAssetsAggregateCarryingAmountDuringPeriod" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities" abstract="false" name="ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" abstract="false" name="FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ScheduleOfMultifamilyLoansTableTextBlock" abstract="false" name="ScheduleOfMultifamilyLoansTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost" abstract="false" name="AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_CAFLSecuritizationEntitiesMember" abstract="true" name="CAFLSecuritizationEntitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_StockholdersEquityNoteLineItems" abstract="true" name="StockholdersEquityNoteLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member" abstract="true" name="RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" abstract="false" name="FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_RedwoodIncentivePlanMember" abstract="true" name="RedwoodIncentivePlanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ResidentialAndCommercialLoansMember" abstract="true" name="ResidentialAndCommercialLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember" abstract="true" name="RecourseSubordinateSecuritiesFinancingFacilitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_SettlementInCommonStockMember" abstract="true" name="SettlementInCommonStockMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_SharedHomeAppreciationOptionsMember" abstract="true" name="SharedHomeAppreciationOptionsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock" abstract="false" name="CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost" abstract="false" name="DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_SettlementInCashMember" abstract="true" name="SettlementInCashMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_SeniorNotesDue2024Member" abstract="true" name="SeniorNotesDue2024Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_OtherBusinessPurposeLoanInvestmentsMember" abstract="true" name="OtherBusinessPurposeLoanInvestmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_OfficeCosts" abstract="false" name="OfficeCosts" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_LoansPledgedAsCollateralLongTermDebtMember" abstract="true" name="LoansPledgedAsCollateralLongTermDebtMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_OtherLiabilitiesMiscellaneous" abstract="false" name="OtherLiabilitiesMiscellaneous" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ResidentialLoansHeldAtRedwoodMember" abstract="true" name="ResidentialLoansHeldAtRedwoodMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock" abstract="false" name="FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_LoanHeldForInvestmentAmount" abstract="false" name="LoanHeldForInvestmentAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_NonMarginableDebtRepurchaseAgreementTwoMember" abstract="true" name="NonMarginableDebtRepurchaseAgreementTwoMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract" abstract="true" name="SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="rwt_MarginPayableFairValueDisclosure" abstract="false" name="MarginPayableFairValueDisclosure" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities" abstract="false" name="PaymentsForProceedsFromDerivativeInstrumentOperatingActivities" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans" abstract="false" name="RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rwt_ExcessServicingEntitiesMember" abstract="true" name="ExcessServicingEntitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock" abstract="false" name="AccruedExpensesAndOtherLiabilitiesTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_RecourseBusinessPurposeLoanFinancingFacilityMember" abstract="true" name="RecourseBusinessPurposeLoanFinancingFacilityMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium" abstract="false" name="AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_InterestOnlySeniorTradingSecuritiesMember" abstract="true" name="InterestOnlySeniorTradingSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_RedwoodTrustInc.Member" abstract="true" name="RedwoodTrustInc.Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_BusinessPurposeMortgageBankingActivitiesMember" abstract="true" name="BusinessPurposeMortgageBankingActivitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_PotentialFuturePayments" abstract="false" name="PotentialFuturePayments" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_FixedCompensationExpense" abstract="false" name="FixedCompensationExpense" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_SpecialPurposeEntitiesAssets" abstract="false" name="SpecialPurposeEntitiesAssets" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_CommitmentToFundPartnership" abstract="false" name="CommitmentToFundPartnership" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_SingleFamilyRentalLoansMember" abstract="true" name="SingleFamilyRentalLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance" abstract="false" name="PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_FreddieMacSLSTMember" abstract="true" name="FreddieMacSLSTMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_DeferredStockUnitsMember" abstract="true" name="DeferredStockUnitsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_BusinessCombinationDeferredConsideration" abstract="false" name="BusinessCombinationDeferredConsideration" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_MultifamilyLoansMember" abstract="true" name="MultifamilyLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ResidentialLoansHeldForInvestmentMember" abstract="true" name="ResidentialLoansHeldForInvestmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_InterestPayableNoncurrent" abstract="false" name="InterestPayableNoncurrent" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred" abstract="false" name="NumberOfSecuritizationEntitiesToWhichAssetTransferred" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rwt_BusinessPurposeLoansFairValueDisclosure" abstract="false" name="BusinessPurposeLoansFairValueDisclosure" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock" abstract="false" name="OtherAssetsAndOtherLiabilitiesDisclosureTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType"/>
  <xs:element id="rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares" abstract="false" name="BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="rwt_MortgageBankingActivitiesNet" abstract="false" name="MortgageBankingActivitiesNet" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_RealEstateSecuritiesOnBalanceSheetMember" abstract="true" name="RealEstateSecuritiesOnBalanceSheetMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_OtherRealEstateOwnedMember" abstract="true" name="OtherRealEstateOwnedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ShorttermDebtPledgedasCollateral" abstract="false" name="ShorttermDebtPledgedasCollateral" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_MeasurementInputCommittedSalesPriceMember" abstract="true" name="MeasurementInputCommittedSalesPriceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember" abstract="true" name="SingleFamilyRentalLoansHeldForSaleAtFairValueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_MeasurementInputHomePriceAppreciationMember" abstract="true" name="MeasurementInputHomePriceAppreciationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_FinancingReceivableCreditScoreFICOWeightedAverage" abstract="false" name="FinancingReceivableCreditScoreFICOWeightedAverage" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:pureItemType"/>
  <xs:element id="rwt_DebtSecuritiesAvailableForSaleCreditReserve" abstract="false" name="DebtSecuritiesAvailableForSaleCreditReserve" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_OtherSubsegmentsMember" abstract="true" name="OtherSubsegmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs" abstract="false" name="MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember" abstract="true" name="DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ShortTermBorrowingAgreementMember" abstract="true" name="ShortTermBorrowingAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_FinancingReceivableNumberOfLoansPastDue" abstract="false" name="FinancingReceivableNumberOfLoansPastDue" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rwt_NonMarginableDebtRepurchaseAgreementOneMember" abstract="true" name="NonMarginableDebtRepurchaseAgreementOneMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts" abstract="false" name="ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember" abstract="true" name="BusinessPurposeResidentialLoansHeldforInvestmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_StockholdersEquityNoteTable" abstract="true" name="StockholdersEquityNoteTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures" abstract="false" name="SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_MeasurementInputExcessMortgageServicingAmountMember" abstract="true" name="MeasurementInputExcessMortgageServicingAmountMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_LoanPurchaseAndForwardSalesCommitmentsMember" abstract="true" name="LoanPurchaseAndForwardSalesCommitmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets" abstract="false" name="IncreaseDecreaseinFairValueAdjustmentsonAssets" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ManagementFeeOnExistingAssetsUnderManagementMember" abstract="true" name="ManagementFeeOnExistingAssetsUnderManagementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="nonnum:domainItemType"/>
  <xs:element id="rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" abstract="false" name="FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward" abstract="true" name="UnamortizedDiscountandDesignatedCreditReservesRollForward" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent" abstract="false" name="RealEstateOwnedHeldForInvestmentAdjustableRatePercent" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="num:percentItemType"/>
  <xs:element id="rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses" abstract="false" name="AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_DebtSecuritiesAvailableForSalePrincipalBalance" abstract="false" name="DebtSecuritiesAvailableForSalePrincipalBalance" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
</xs:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>10
<FILENAME>rwt-20210331_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2021 Workiva-->
<!--r:e35fa16f-4607-46d5-a3e8-070c9aa6504e,g:4da2f0a3-50bd-4f07-92da-417db8aabd49-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CoverPage" xlink:type="simple" xlink:href="rwt-20210331.xsd#CoverPage"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/CoverPage" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDBALANCESHEETS"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_8ff3a6bf-46e0-4b32-9edd-fda5910c1d81" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_9407e973-1b38-4299-b438-9cad640e026f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Liabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_8ff3a6bf-46e0-4b32-9edd-fda5910c1d81" xlink:to="loc_us-gaap_Liabilities_9407e973-1b38-4299-b438-9cad640e026f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_fbfcba14-f201-4336-b10e-976cb99ef06d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_8ff3a6bf-46e0-4b32-9edd-fda5910c1d81" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_fbfcba14-f201-4336-b10e-976cb99ef06d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingencies_6672d925-6860-4239-9085-7b65d0efe7a1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommitmentsAndContingencies"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_8ff3a6bf-46e0-4b32-9edd-fda5910c1d81" xlink:to="loc_us-gaap_CommitmentsAndContingencies_6672d925-6860-4239-9085-7b65d0efe7a1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_c92d4b59-24a3-41b3-bd74-97b4765967aa" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_be6ff8c1-5863-45f6-a3da-07e0d7d85326" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_c92d4b59-24a3-41b3-bd74-97b4765967aa" xlink:to="loc_us-gaap_CommonStockValue_be6ff8c1-5863-45f6-a3da-07e0d7d85326" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_f5e21e68-d739-4952-b974-6fafc23d94aa" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_c92d4b59-24a3-41b3-bd74-97b4765967aa" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_f5e21e68-d739-4952-b974-6fafc23d94aa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_7c1560c6-7f30-4aae-adcf-85d98e68e553" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_c92d4b59-24a3-41b3-bd74-97b4765967aa" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_7c1560c6-7f30-4aae-adcf-85d98e68e553" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_65d40c83-cdf3-4d96-9cdc-aa0a6a5133cf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_c92d4b59-24a3-41b3-bd74-97b4765967aa" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_65d40c83-cdf3-4d96-9cdc-aa0a6a5133cf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CumulativeDividends_dc0fc613-118e-4dde-b752-415903cfba7e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CumulativeDividends"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_c92d4b59-24a3-41b3-bd74-97b4765967aa" xlink:to="loc_us-gaap_CumulativeDividends_dc0fc613-118e-4dde-b752-415903cfba7e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_848719c4-0328-4cfa-b609-92a2e5d95ba1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_2966faad-a864-4724-85f8-c8fc7fb49631" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_848719c4-0328-4cfa-b609-92a2e5d95ba1" xlink:to="loc_us-gaap_NotesReceivableNet_2966faad-a864-4724-85f8-c8fc7fb49631" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarketableSecurities_412ad764-1341-4301-bf81-e07811513ed3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarketableSecurities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_848719c4-0328-4cfa-b609-92a2e5d95ba1" xlink:to="loc_us-gaap_MarketableSecurities_412ad764-1341-4301-bf81-e07811513ed3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestments_f4f671b5-eabe-4024-b0c7-c930010f2f9b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherInvestments"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_848719c4-0328-4cfa-b609-92a2e5d95ba1" xlink:to="loc_us-gaap_OtherInvestments_f4f671b5-eabe-4024-b0c7-c930010f2f9b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_32541d24-5a1a-4e5a-9087-6b6969863826" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_848719c4-0328-4cfa-b609-92a2e5d95ba1" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_32541d24-5a1a-4e5a-9087-6b6969863826" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents_092f28de-9c5d-4080-bc4a-baf0a8e388c5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_848719c4-0328-4cfa-b609-92a2e5d95ba1" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalents_092f28de-9c5d-4080-bc4a-baf0a8e388c5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill_2ecd6434-e6cf-40e4-9abc-e66685176648" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IntangibleAssetsNetIncludingGoodwill"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_848719c4-0328-4cfa-b609-92a2e5d95ba1" xlink:to="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill_2ecd6434-e6cf-40e4-9abc-e66685176648" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets_bf9acf58-c144-44f0-aad3-a875cd685647" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssets"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_848719c4-0328-4cfa-b609-92a2e5d95ba1" xlink:to="loc_us-gaap_DerivativeAssets_bf9acf58-c144-44f0-aad3-a875cd685647" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets_4ed4b720-ab62-4743-bd7f-a98fce8eab23" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssets"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_848719c4-0328-4cfa-b609-92a2e5d95ba1" xlink:to="loc_us-gaap_OtherAssets_4ed4b720-ab62-4743-bd7f-a98fce8eab23" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_9b405314-6c2a-44cb-b677-a9d0def717e7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Liabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermBorrowings_24443941-9ffe-4fa6-a33d-762ec786ee79" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermBorrowings"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_9b405314-6c2a-44cb-b677-a9d0def717e7" xlink:to="loc_us-gaap_ShortTermBorrowings_24443941-9ffe-4fa6-a33d-762ec786ee79" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_2f604846-581f-4906-b539-fe2dcb547222" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_9b405314-6c2a-44cb-b677-a9d0def717e7" xlink:to="loc_us-gaap_DerivativeLiabilities_2f604846-581f-4906-b539-fe2dcb547222" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_09940e54-70ac-46c1-a1ea-3aa51c6b2e3e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_9b405314-6c2a-44cb-b677-a9d0def717e7" xlink:to="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_09940e54-70ac-46c1-a1ea-3aa51c6b2e3e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuredDebt_e524156f-95f5-485d-9d62-da20a3af5db3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuredDebt"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_9b405314-6c2a-44cb-b677-a9d0def717e7" xlink:to="loc_us-gaap_SecuredDebt_e524156f-95f5-485d-9d62-da20a3af5db3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLongTermDebt_d19e29f4-6528-49d8-805a-a2bc364c77cb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherLongTermDebt"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_9b405314-6c2a-44cb-b677-a9d0def717e7" xlink:to="loc_us-gaap_OtherLongTermDebt_d19e29f4-6528-49d8-805a-a2bc364c77cb" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDBALANCESHEETSPARENTHETICAL"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFINCOMELOSS"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_52022082-188b-48b4-911f-ef53104a87af" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_bd7d264e-055d-4047-b0c8-6476cecc825c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_52022082-188b-48b4-911f-ef53104a87af" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_bd7d264e-055d-4047-b0c8-6476cecc825c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_42727268-a1de-440c-8694-0d614265b8f6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_52022082-188b-48b4-911f-ef53104a87af" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_42727268-a1de-440c-8694-0d614265b8f6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_92b89200-0a8c-40ae-9649-50d490adfdeb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseShortTermBorrowings_c1d43ec6-8ff5-40aa-bf60-f7c0a1bd63e8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseShortTermBorrowings"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InterestExpense_92b89200-0a8c-40ae-9649-50d490adfdeb" xlink:to="loc_us-gaap_InterestExpenseShortTermBorrowings_c1d43ec6-8ff5-40aa-bf60-f7c0a1bd63e8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities_3016e2f8-5097-4d62-afba-e2fbbbc4deed" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InterestExpense_92b89200-0a8c-40ae-9649-50d490adfdeb" xlink:to="loc_us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities_3016e2f8-5097-4d62-afba-e2fbbbc4deed" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseLongTermDebt_70160407-5dc6-4a3f-9713-17232f8e7cda" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseLongTermDebt"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InterestExpense_92b89200-0a8c-40ae-9649-50d490adfdeb" xlink:to="loc_us-gaap_InterestExpenseLongTermDebt_70160407-5dc6-4a3f-9713-17232f8e7cda" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoninterestIncome_c78bf8a3-b925-414f-984c-56b24a16d7b3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoninterestIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingActivitiesNet_1a8a0745-f2af-4c9f-92e3-61055bd4298f" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingActivitiesNet"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NoninterestIncome_c78bf8a3-b925-414f-984c-56b24a16d7b3" xlink:to="loc_rwt_MortgageBankingActivitiesNet_1a8a0745-f2af-4c9f-92e3-61055bd4298f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnInvestments_c8688db9-f2cb-4b44-81ed-e244ea1eee07" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestments"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NoninterestIncome_c78bf8a3-b925-414f-984c-56b24a16d7b3" xlink:to="loc_us-gaap_UnrealizedGainLossOnInvestments_c8688db9-f2cb-4b44-81ed-e244ea1eee07" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncome_d5a9011e-c101-4980-abc6-768f8e1d89c2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncome"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NoninterestIncome_c78bf8a3-b925-414f-984c-56b24a16d7b3" xlink:to="loc_us-gaap_OtherIncome_d5a9011e-c101-4980-abc6-768f8e1d89c2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealizedInvestmentGainsLosses_ab01e9ce-ba5c-4474-8697-31d9aa81e173" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealizedInvestmentGainsLosses"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NoninterestIncome_c78bf8a3-b925-414f-984c-56b24a16d7b3" xlink:to="loc_us-gaap_RealizedInvestmentGainsLosses_ab01e9ce-ba5c-4474-8697-31d9aa81e173" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_c60439be-a4df-4976-aef9-951e69c8204a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeExpenseNet_515f4297-27e2-414e-879e-1238117779a3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeExpenseNet"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_c60439be-a4df-4976-aef9-951e69c8204a" xlink:to="loc_us-gaap_InterestIncomeExpenseNet_515f4297-27e2-414e-879e-1238117779a3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoninterestIncome_64bbea9a-5a89-4a7e-87b1-ca403ce2468a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoninterestIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_c60439be-a4df-4976-aef9-951e69c8204a" xlink:to="loc_us-gaap_NoninterestIncome_64bbea9a-5a89-4a7e-87b1-ca403ce2468a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_4db974e3-44ad-4873-be40-cf2bce472c9d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_c60439be-a4df-4976-aef9-951e69c8204a" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_4db974e3-44ad-4873-be40-cf2bce472c9d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherExpenses_7d641846-04ac-4ce5-85d3-7c0dcce97d2f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherExpenses"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_c60439be-a4df-4976-aef9-951e69c8204a" xlink:to="loc_us-gaap_OtherExpenses_7d641846-04ac-4ce5-85d3-7c0dcce97d2f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanAcquisitionCosts_1f9bec39-d802-40a2-8d62-fe6872bdf2cc" xlink:href="rwt-20210331.xsd#rwt_LoanAcquisitionCosts"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_c60439be-a4df-4976-aef9-951e69c8204a" xlink:to="loc_rwt_LoanAcquisitionCosts_1f9bec39-d802-40a2-8d62-fe6872bdf2cc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeExpenseNet_ba5b4946-2727-486f-983d-a00277ca1232" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeExpenseNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperating_f951e8a0-593c-4817-9777-db62b82db566" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InterestIncomeExpenseNet_ba5b4946-2727-486f-983d-a00277ca1232" xlink:to="loc_us-gaap_InterestAndDividendIncomeOperating_f951e8a0-593c-4817-9777-db62b82db566" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_99f4dece-7c77-493a-80bc-e698531be3ca" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InterestIncomeExpenseNet_ba5b4946-2727-486f-983d-a00277ca1232" xlink:to="loc_us-gaap_InterestExpense_99f4dece-7c77-493a-80bc-e698531be3ca" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperating_7f4ebbf4-dfe8-4219-bd83-4d2f61af0e45" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate_9959775f-14c6-4609-8602-c7c09755e0c5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InterestAndDividendIncomeOperating_7f4ebbf4-dfe8-4219-bd83-4d2f61af0e45" xlink:to="loc_us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate_9959775f-14c6-4609-8602-c7c09755e0c5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate_fa1a12ec-449a-4dc1-a17c-b1db4d710fb3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InterestAndDividendIncomeOperating_7f4ebbf4-dfe8-4219-bd83-4d2f61af0e45" xlink:to="loc_us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate_fa1a12ec-449a-4dc1-a17c-b1db4d710fb3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages_5821cbb6-f416-49b7-82fb-55ba4e190beb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InterestAndDividendIncomeOperating_7f4ebbf4-dfe8-4219-bd83-4d2f61af0e45" xlink:to="loc_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages_5821cbb6-f416-49b7-82fb-55ba4e190beb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeSecuritiesMortgageBacked_bb7939c6-0454-43c6-a05b-df01739b2e8e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeSecuritiesMortgageBacked"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InterestAndDividendIncomeOperating_7f4ebbf4-dfe8-4219-bd83-4d2f61af0e45" xlink:to="loc_us-gaap_InterestIncomeSecuritiesMortgageBacked_bb7939c6-0454-43c6-a05b-df01739b2e8e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeOther_4675f4c5-9a77-4b03-b784-94f3d96e49c0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeOther"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InterestAndDividendIncomeOperating_7f4ebbf4-dfe8-4219-bd83-4d2f61af0e45" xlink:to="loc_us-gaap_InterestIncomeOther_4675f4c5-9a77-4b03-b784-94f3d96e49c0" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_09b88e46-2a24-4074-a3c6-b0db217f0b4f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_801bd884-8726-4164-aecd-2422c1138c07" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_09b88e46-2a24-4074-a3c6-b0db217f0b4f" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_801bd884-8726-4164-aecd-2422c1138c07" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_59739fde-c21d-4149-97b5-3da1398dad03" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_09b88e46-2a24-4074-a3c6-b0db217f0b4f" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_59739fde-c21d-4149-97b5-3da1398dad03" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_bc1b2f1f-043d-4d0f-9969-59597c2c44d4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_09b88e46-2a24-4074-a3c6-b0db217f0b4f" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_bc1b2f1f-043d-4d0f-9969-59597c2c44d4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_ef8a0244-ffc6-40af-84b5-cb9434d79bf9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_09b88e46-2a24-4074-a3c6-b0db217f0b4f" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_ef8a0244-ffc6-40af-84b5-cb9434d79bf9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_97f3a433-e553-4e5b-a77d-4ddd75c6b03c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_fa1396b4-6979-4c58-82f9-430bddd7cbf2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_97f3a433-e553-4e5b-a77d-4ddd75c6b03c" xlink:to="loc_us-gaap_NetIncomeLoss_fa1396b4-6979-4c58-82f9-430bddd7cbf2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_7b4a7008-c0ce-4b9c-b9fe-03c6738bbbaa" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_97f3a433-e553-4e5b-a77d-4ddd75c6b03c" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_7b4a7008-c0ce-4b9c-b9fe-03c6738bbbaa" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITYParenthetical" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITYParenthetical"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITYParenthetical" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFCASHFLOWS"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_4641058f-19a7-401e-adf2-24c88ab48ef8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromShortTermDebt_8d991945-fb30-431a-9818-680021e2f8fd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromShortTermDebt"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_4641058f-19a7-401e-adf2-24c88ab48ef8" xlink:to="loc_us-gaap_ProceedsFromShortTermDebt_8d991945-fb30-431a-9818-680021e2f8fd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfShortTermDebt_121b496b-63a4-40e0-9e47-1ba8568947ee" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfShortTermDebt"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_4641058f-19a7-401e-adf2-24c88ab48ef8" xlink:to="loc_us-gaap_RepaymentsOfShortTermDebt_121b496b-63a4-40e0-9e47-1ba8568947ee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfSecuredDebt_0bfb1314-58cb-4efa-8419-19c86730d71e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSecuredDebt"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_4641058f-19a7-401e-adf2-24c88ab48ef8" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfSecuredDebt_0bfb1314-58cb-4efa-8419-19c86730d71e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfSecuredDebt_2fab7aa6-3571-472d-a147-e47d6b8fe659" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfSecuredDebt"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_4641058f-19a7-401e-adf2-24c88ab48ef8" xlink:to="loc_us-gaap_RepaymentsOfSecuredDebt_2fab7aa6-3571-472d-a147-e47d6b8fe659" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromOtherDebt_21103597-3216-4be0-a0e6-1f3ab0be2b66" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromOtherDebt"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_4641058f-19a7-401e-adf2-24c88ab48ef8" xlink:to="loc_us-gaap_ProceedsFromOtherDebt_21103597-3216-4be0-a0e6-1f3ab0be2b66" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfOtherDebt_41468dd2-3d4b-4d86-9734-2a2ac53cc15e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfOtherDebt"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_4641058f-19a7-401e-adf2-24c88ab48ef8" xlink:to="loc_us-gaap_RepaymentsOfOtherDebt_41468dd2-3d4b-4d86-9734-2a2ac53cc15e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities_1cc91421-c2bf-464f-a225-ef4931d21051" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_4641058f-19a7-401e-adf2-24c88ab48ef8" xlink:to="loc_us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities_1cc91421-c2bf-464f-a225-ef4931d21051" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_9f91d66a-9a3d-4edd-a9ad-466eeaaa9efc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_4641058f-19a7-401e-adf2-24c88ab48ef8" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_9f91d66a-9a3d-4edd-a9ad-466eeaaa9efc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_cb0e3d83-cbae-4ebd-8486-93cf50636932" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation"/>
    <link:calculationArc order="9" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_4641058f-19a7-401e-adf2-24c88ab48ef8" xlink:to="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_cb0e3d83-cbae-4ebd-8486-93cf50636932" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividends_f3ad3ad8-1e42-45e5-81a8-c90f7b330db4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsOfDividends"/>
    <link:calculationArc order="10" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_4641058f-19a7-401e-adf2-24c88ab48ef8" xlink:to="loc_us-gaap_PaymentsOfDividends_f3ad3ad8-1e42-45e5-81a8-c90f7b330db4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_0f1e9ac0-df26-4b5a-aa9e-dc5fec6c4ea0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_4641058f-19a7-401e-adf2-24c88ab48ef8" xlink:to="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_0f1e9ac0-df26-4b5a-aa9e-dc5fec6c4ea0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9989a13b-5243-4b11-800d-2b5cab7d1b1b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_cb18cce6-fc78-47bd-b95c-79215abda6d9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9989a13b-5243-4b11-800d-2b5cab7d1b1b" xlink:to="loc_us-gaap_NetIncomeLoss_cb18cce6-fc78-47bd-b95c-79215abda6d9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments_837e8a9f-46bc-45cd-8f13-14a762d2e154" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9989a13b-5243-4b11-800d-2b5cab7d1b1b" xlink:to="loc_us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments_837e8a9f-46bc-45cd-8f13-14a762d2e154" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_af0531e9-0654-4d54-b6f9-1fd56d122b34" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9989a13b-5243-4b11-800d-2b5cab7d1b1b" xlink:to="loc_us-gaap_DepreciationAndAmortization_af0531e9-0654-4d54-b6f9-1fd56d122b34" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_2bbdec7a-9830-4185-ada1-02df43a2b927" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9989a13b-5243-4b11-800d-2b5cab7d1b1b" xlink:to="loc_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_2bbdec7a-9830-4185-ada1-02df43a2b927" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToPurchaseLoansHeldForSale_26ea84d4-2bd1-4b40-a526-0e5c8cecf3b1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToPurchaseLoansHeldForSale"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9989a13b-5243-4b11-800d-2b5cab7d1b1b" xlink:to="loc_us-gaap_PaymentsToPurchaseLoansHeldForSale_26ea84d4-2bd1-4b40-a526-0e5c8cecf3b1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfLoansHeldForSale_61b919fa-3dd8-4d4c-9a17-af60ef54a88b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfLoansHeldForSale"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9989a13b-5243-4b11-800d-2b5cab7d1b1b" xlink:to="loc_us-gaap_ProceedsFromSaleOfLoansHeldForSale_61b919fa-3dd8-4d4c-9a17-af60ef54a88b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromCollectionOfLoansHeldForSale_e0520427-d2b7-468a-93c3-636802ec6c00" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromCollectionOfLoansHeldForSale"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9989a13b-5243-4b11-800d-2b5cab7d1b1b" xlink:to="loc_us-gaap_ProceedsFromCollectionOfLoansHeldForSale_e0520427-d2b7-468a-93c3-636802ec6c00" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities_99ee3d0b-e5dc-495b-98df-2d0faabefa99" xlink:href="rwt-20210331.xsd#rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9989a13b-5243-4b11-800d-2b5cab7d1b1b" xlink:to="loc_rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities_99ee3d0b-e5dc-495b-98df-2d0faabefa99" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensation_bb41640d-a105-456f-af17-06e0e9f22b63" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensation"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9989a13b-5243-4b11-800d-2b5cab7d1b1b" xlink:to="loc_us-gaap_ShareBasedCompensation_bb41640d-a105-456f-af17-06e0e9f22b63" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillImpairmentLoss_ba0dc22f-1365-4321-a98b-26f183398531" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GoodwillImpairmentLoss"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9989a13b-5243-4b11-800d-2b5cab7d1b1b" xlink:to="loc_us-gaap_GoodwillImpairmentLoss_ba0dc22f-1365-4321-a98b-26f183398531" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MarketValuationAdjustmentsNet_cc479571-0d6c-447d-ab04-4f573f6da09d" xlink:href="rwt-20210331.xsd#rwt_MarketValuationAdjustmentsNet"/>
    <link:calculationArc order="11" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9989a13b-5243-4b11-800d-2b5cab7d1b1b" xlink:to="loc_rwt_MarketValuationAdjustmentsNet_cc479571-0d6c-447d-ab04-4f573f6da09d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnSaleOfInvestments_83dc86bd-0a71-431b-839f-a18bae1c428e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainLossOnSaleOfInvestments"/>
    <link:calculationArc order="12" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9989a13b-5243-4b11-800d-2b5cab7d1b1b" xlink:to="loc_us-gaap_GainLossOnSaleOfInvestments_83dc86bd-0a71-431b-839f-a18bae1c428e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_5bde3a31-b641-4efa-ae00-3e2704a0ca38" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets"/>
    <link:calculationArc order="13" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9989a13b-5243-4b11-800d-2b5cab7d1b1b" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_5bde3a31-b641-4efa-ae00-3e2704a0ca38" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingLiabilities_1aeb24e2-195b-4894-a31e-e659dd384346" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingLiabilities"/>
    <link:calculationArc order="14" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9989a13b-5243-4b11-800d-2b5cab7d1b1b" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingLiabilities_1aeb24e2-195b-4894-a31e-e659dd384346" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_0b01b655-ba42-40ed-a373-d765d4334655" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_bf772cd1-0c80-4a36-b0a3-9de08b90b9e6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_0b01b655-ba42-40ed-a373-d765d4334655" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_bf772cd1-0c80-4a36-b0a3-9de08b90b9e6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_1202c610-0db1-4813-b183-e3cced65e987" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_0b01b655-ba42-40ed-a373-d765d4334655" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_1202c610-0db1-4813-b183-e3cced65e987" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_edfd1b7f-41da-40b2-87c6-1aa425ca8bb1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_0b01b655-ba42-40ed-a373-d765d4334655" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_edfd1b7f-41da-40b2-87c6-1aa425ca8bb1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_6581c703-212d-481f-85aa-5a7186e88518" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables_ff25e8bf-6c38-40ac-8b91-82205e99569f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_6581c703-212d-481f-85aa-5a7186e88518" xlink:to="loc_us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables_ff25e8bf-6c38-40ac-8b91-82205e99569f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PaymentsForServicingAdvanceInvestments_ac18af75-6477-4af8-991a-7ca8bc141023" xlink:href="rwt-20210331.xsd#rwt_PaymentsForServicingAdvanceInvestments"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_6581c703-212d-481f-85aa-5a7186e88518" xlink:to="loc_rwt_PaymentsForServicingAdvanceInvestments_ac18af75-6477-4af8-991a-7ca8bc141023" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_90ce7afb-e824-41d1-8ed9-7148c9f32c9b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_6581c703-212d-481f-85aa-5a7186e88518" xlink:to="loc_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_90ce7afb-e824-41d1-8ed9-7148c9f32c9b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromCollectionOfFinanceReceivables_6a9b1c7a-306a-44b9-86b8-3a8168306f8e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromCollectionOfFinanceReceivables"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_6581c703-212d-481f-85aa-5a7186e88518" xlink:to="loc_us-gaap_ProceedsFromCollectionOfFinanceReceivables_6a9b1c7a-306a-44b9-86b8-3a8168306f8e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireMarketableSecurities_f5c2e3ab-464e-4a4b-8de7-c0325177f62b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireMarketableSecurities"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_6581c703-212d-481f-85aa-5a7186e88518" xlink:to="loc_us-gaap_PaymentsToAcquireMarketableSecurities_f5c2e3ab-464e-4a4b-8de7-c0325177f62b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PaymentsForOriginationOfLoansHeldForInvestment_f7ba4dcc-a2a0-4d81-a5a5-e9cfc9ac4e39" xlink:href="rwt-20210331.xsd#rwt_PaymentsForOriginationOfLoansHeldForInvestment"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_6581c703-212d-481f-85aa-5a7186e88518" xlink:to="loc_rwt_PaymentsForOriginationOfLoansHeldForInvestment_f7ba4dcc-a2a0-4d81-a5a5-e9cfc9ac4e39" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ProceedsFromPrincipalRepaymentsOnSecurities_5854a6c5-a10f-4e7e-bbf6-c637ba9b5228" xlink:href="rwt-20210331.xsd#rwt_ProceedsFromPrincipalRepaymentsOnSecurities"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_6581c703-212d-481f-85aa-5a7186e88518" xlink:to="loc_rwt_ProceedsFromPrincipalRepaymentsOnSecurities_5854a6c5-a10f-4e7e-bbf6-c637ba9b5228" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RepaymentsOfServicingAdvanceInvestments_3c81e643-dffd-4822-b932-38bc74b63e50" xlink:href="rwt-20210331.xsd#rwt_RepaymentsOfServicingAdvanceInvestments"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_6581c703-212d-481f-85aa-5a7186e88518" xlink:to="loc_rwt_RepaymentsOfServicingAdvanceInvestments_3c81e643-dffd-4822-b932-38bc74b63e50" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfFinanceReceivables_be3a8f3c-e1e4-4721-a825-c36970ca4b4d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfFinanceReceivables"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_6581c703-212d-481f-85aa-5a7186e88518" xlink:to="loc_us-gaap_ProceedsFromSaleOfFinanceReceivables_be3a8f3c-e1e4-4721-a825-c36970ca4b4d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_b5447e37-c2b0-477e-8713-98b939855e2f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities"/>
    <link:calculationArc order="10" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_6581c703-212d-481f-85aa-5a7186e88518" xlink:to="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_b5447e37-c2b0-477e-8713-98b939855e2f" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWSPARENTHETICAL" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFCASHFLOWSPARENTHETICAL"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWSPARENTHETICAL" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/Organization" xlink:type="simple" xlink:href="rwt-20210331.xsd#Organization"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/Organization" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OrganizationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OrganizationDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/OrganizationDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BasisofPresentation" xlink:type="simple" xlink:href="rwt-20210331.xsd#BasisofPresentation"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/BasisofPresentation" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BasisofPresentationTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#BasisofPresentationTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/BasisofPresentationTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#BasisofPresentationNarrativeDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#BasisofPresentationIntangibleAssetsActivityDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_04786da6-016c-487f-8287-0793bfa32be5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_d11c0145-6033-4fb5-8b0e-8dc3f8f73929" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_04786da6-016c-487f-8287-0793bfa32be5" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_d11c0145-6033-4fb5-8b0e-8dc3f8f73929" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_4b484caa-1fef-4417-84f1-59b5262affdd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_04786da6-016c-487f-8287-0793bfa32be5" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_4b484caa-1fef-4417-84f1-59b5262affdd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_21bb1550-cdd1-4a67-8be9-a85fbdea004b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_04786da6-016c-487f-8287-0793bfa32be5" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_21bb1550-cdd1-4a67-8be9-a85fbdea004b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_a551a174-5279-478d-9ceb-a60fbad1028e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_04786da6-016c-487f-8287-0793bfa32be5" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_a551a174-5279-478d-9ceb-a60fbad1028e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter_ea0cd226-715b-4b03-a185-1354431cf7ef" xlink:href="rwt-20210331.xsd#rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_04786da6-016c-487f-8287-0793bfa32be5" xlink:to="loc_rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter_ea0cd226-715b-4b03-a185-1354431cf7ef" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPolicies" xlink:type="simple" xlink:href="rwt-20210331.xsd#SummaryofSignificantAccountingPolicies"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPolicies" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesPolicies" xlink:type="simple" xlink:href="rwt-20210331.xsd#SummaryofSignificantAccountingPoliciesPolicies"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesPolicies" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#SummaryofSignificantAccountingPoliciesTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset_90b954e5-16c6-4883-9e67-be9543f230a1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilityFairValueGrossAsset_b88e2b35-969f-4512-b11a-1bf53a3f56e3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilityFairValueGrossAsset"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset_90b954e5-16c6-4883-9e67-be9543f230a1" xlink:to="loc_us-gaap_DerivativeLiabilityFairValueGrossAsset_b88e2b35-969f-4512-b11a-1bf53a3f56e3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset_a341074f-5d25-414d-84a7-df152b20ac01" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset_90b954e5-16c6-4883-9e67-be9543f230a1" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset_a341074f-5d25-414d-84a7-df152b20ac01" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_258c953d-2ac4-42bf-9a5f-d3e28e933226" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_7a59a9c3-aac7-40a4-afb1-744e4e6a906f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_258c953d-2ac4-42bf-9a5f-d3e28e933226" xlink:to="loc_us-gaap_DerivativeLiabilities_7a59a9c3-aac7-40a4-afb1-744e4e6a906f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralRightToReclaimSecurities_1c2aadf3-ced7-44cf-97e1-c86a7807e7b9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimSecurities"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_258c953d-2ac4-42bf-9a5f-d3e28e933226" xlink:to="loc_us-gaap_DerivativeCollateralRightToReclaimSecurities_1c2aadf3-ced7-44cf-97e1-c86a7807e7b9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralRightToReclaimCash_2bfb3700-a4bb-4d20-a8b1-6d63d8428dc6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimCash"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_258c953d-2ac4-42bf-9a5f-d3e28e933226" xlink:to="loc_us-gaap_DerivativeCollateralRightToReclaimCash_2bfb3700-a4bb-4d20-a8b1-6d63d8428dc6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_46f81d6b-1ce6-4c59-90e4-b482d0b2e7a7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets_abb3ed2d-cfb9-4ddb-b2f3-b889ccdf7598" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssets"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_46f81d6b-1ce6-4c59-90e4-b482d0b2e7a7" xlink:to="loc_us-gaap_DerivativeAssets_abb3ed2d-cfb9-4ddb-b2f3-b889ccdf7598" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralObligationToReturnSecurities_358fa227-718b-4249-bc99-5dd9d021a434" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralObligationToReturnSecurities"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_46f81d6b-1ce6-4c59-90e4-b482d0b2e7a7" xlink:to="loc_us-gaap_DerivativeCollateralObligationToReturnSecurities_358fa227-718b-4249-bc99-5dd9d021a434" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralObligationToReturnCash_5174050a-aec9-4c12-af91-364968340369" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralObligationToReturnCash"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_46f81d6b-1ce6-4c59-90e4-b482d0b2e7a7" xlink:to="loc_us-gaap_DerivativeCollateralObligationToReturnCash_5174050a-aec9-4c12-af91-364968340369" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_d622d200-ba11-4b22-83e5-a80ffce0b8e5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchase"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross_96d5e4fe-af75-4acd-ab27-9292ee20a56b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_d622d200-ba11-4b22-83e5-a80ffce0b8e5" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross_96d5e4fe-af75-4acd-ab27-9292ee20a56b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset_aa5ec9f9-bec2-4656-b65e-a2c1c6ad035b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_d622d200-ba11-4b22-83e5-a80ffce0b8e5" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset_aa5ec9f9-bec2-4656-b65e-a2c1c6ad035b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_ea60509e-8e29-4d87-ba81-5f8ffbf13cad" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeLiability_3bcd78b7-63fd-4fbd-9709-053d35784601" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiability"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilities_ea60509e-8e29-4d87-ba81-5f8ffbf13cad" xlink:to="loc_us-gaap_DerivativeFairValueOfDerivativeLiability_3bcd78b7-63fd-4fbd-9709-053d35784601" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilityFairValueGrossAsset_4b861746-b5c3-48cb-a5c0-06377d1ae5e9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilityFairValueGrossAsset"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilities_ea60509e-8e29-4d87-ba81-5f8ffbf13cad" xlink:to="loc_us-gaap_DerivativeLiabilityFairValueGrossAsset_4b861746-b5c3-48cb-a5c0-06377d1ae5e9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral_68e79274-485c-43a1-a6aa-580aa451b21e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_03c4967c-f333-43df-bbba-19fda39d7b7b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchase"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral_68e79274-485c-43a1-a6aa-580aa451b21e" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_03c4967c-f333-43df-bbba-19fda39d7b7b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities_9ae9b3ec-0c36-43b4-a858-6e2d22a82ab6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral_68e79274-485c-43a1-a6aa-580aa451b21e" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities_9ae9b3ec-0c36-43b4-a858-6e2d22a82ab6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash_7c26efc3-b47a-4952-8655-ec0e38695a0e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral_68e79274-485c-43a1-a6aa-580aa451b21e" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash_7c26efc3-b47a-4952-8655-ec0e38695a0e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets_a4647a9a-9c3c-4818-95e6-57d91cb57182" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeAsset_6c5823d8-f13d-4abd-bcde-19b1483d405a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeAsset"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeAssets_a4647a9a-9c3c-4818-95e6-57d91cb57182" xlink:to="loc_us-gaap_DerivativeFairValueOfDerivativeAsset_6c5823d8-f13d-4abd-bcde-19b1483d405a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssetFairValueGrossLiability_464634be-cd5f-48ed-8552-787541c91a3f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssetFairValueGrossLiability"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeAssets_a4647a9a-9c3c-4818-95e6-57d91cb57182" xlink:to="loc_us-gaap_DerivativeAssetFairValueGrossLiability_464634be-cd5f-48ed-8552-787541c91a3f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral_a6ebe68c-4d5e-4e5f-9d70-2f3970726a46" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_af98945d-08b3-43d1-b5be-f6a68ae0518e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral_a6ebe68c-4d5e-4e5f-9d70-2f3970726a46" xlink:to="loc_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_af98945d-08b3-43d1-b5be-f6a68ae0518e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral_4177e4c2-e75c-4e46-891c-87576150fcdf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral_a6ebe68c-4d5e-4e5f-9d70-2f3970726a46" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral_4177e4c2-e75c-4e46-891c-87576150fcdf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned_1b69d160-1dfd-451f-83ce-a8da9cb95e32" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross_fbf40c75-6187-461e-bf97-ee8553fd78e1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned_1b69d160-1dfd-451f-83ce-a8da9cb95e32" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross_fbf40c75-6187-461e-bf97-ee8553fd78e1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset_14a7406b-c12d-4b99-b4e1-ed8f04c0396c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned_1b69d160-1dfd-451f-83ce-a8da9cb95e32" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset_14a7406b-c12d-4b99-b4e1-ed8f04c0396c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities_e88e6656-aeff-4dca-a7f0-9abcdc5eb912" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralRightToReclaimSecurities_0f93020f-c403-4ea1-87b8-429107252a41" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimSecurities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities_e88e6656-aeff-4dca-a7f0-9abcdc5eb912" xlink:to="loc_us-gaap_DerivativeCollateralRightToReclaimSecurities_0f93020f-c403-4ea1-87b8-429107252a41" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities_d9ee7244-b16d-4d53-94a7-5d8e37d2ec97" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities_e88e6656-aeff-4dca-a7f0-9abcdc5eb912" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities_d9ee7244-b16d-4d53-94a7-5d8e37d2ec97" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash_99e56074-eb10-4a4b-9c6e-f4d16a10c151" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralRightToReclaimCash_5dddcc3d-880c-41b8-bd39-25b63a6436f5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimCash"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash_99e56074-eb10-4a4b-9c6e-f4d16a10c151" xlink:to="loc_us-gaap_DerivativeCollateralRightToReclaimCash_5dddcc3d-880c-41b8-bd39-25b63a6436f5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash_bb08729b-a2f1-4d1f-8b7a-affb6b5c7d2b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash_99e56074-eb10-4a4b-9c6e-f4d16a10c151" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash_bb08729b-a2f1-4d1f-8b7a-affb6b5c7d2b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross_3d2ec905-5c7c-4e88-8636-1da54ecc9eaf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeLiability_1c4266cd-583d-474f-ad22-f4d4a01a8c2c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiability"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross_3d2ec905-5c7c-4e88-8636-1da54ecc9eaf" xlink:to="loc_us-gaap_DerivativeFairValueOfDerivativeLiability_1c4266cd-583d-474f-ad22-f4d4a01a8c2c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross_d6723019-6c57-4348-8f75-df1df3f4ce8a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross_3d2ec905-5c7c-4e88-8636-1da54ecc9eaf" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross_d6723019-6c57-4348-8f75-df1df3f4ce8a" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails_1" xlink:type="simple" xlink:href="rwt-20210331.xsd#SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails_1"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails_1" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral_6e223260-d384-4375-9440-7aa8e097dfbe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned_56907a3c-dba5-45d4-a0c4-6cdc14ae3aad" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral_6e223260-d384-4375-9440-7aa8e097dfbe" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned_56907a3c-dba5-45d4-a0c4-6cdc14ae3aad" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities_297f3c4f-08ca-434e-9f7c-94c8cb77a5a6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral_6e223260-d384-4375-9440-7aa8e097dfbe" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities_297f3c4f-08ca-434e-9f7c-94c8cb77a5a6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash_7c6c4dc6-4812-43d6-95d2-c36b13540948" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral_6e223260-d384-4375-9440-7aa8e097dfbe" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash_7c6c4dc6-4812-43d6-95d2-c36b13540948" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned_431d0a12-3e32-4419-b06f-fe4f47522e52" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_13f39cc3-2fa5-403f-a29f-7bd1a5e888fe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned_431d0a12-3e32-4419-b06f-fe4f47522e52" xlink:to="loc_us-gaap_DerivativeLiabilities_13f39cc3-2fa5-403f-a29f-7bd1a5e888fe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_81972039-91e9-496c-b5ed-77932a602e81" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchase"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned_431d0a12-3e32-4419-b06f-fe4f47522e52" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_81972039-91e9-496c-b5ed-77932a602e81" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidation" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidation"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidation" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationAdditionalInformationDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_cadd94b9-683a-4c4b-8663-def0cce8590d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecuritiesDebt_8358d4f8-0fe0-4bf6-a395-e04ed15a4df2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradingSecuritiesDebt"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_cadd94b9-683a-4c4b-8663-def0cce8590d" xlink:to="loc_us-gaap_TradingSecuritiesDebt_8358d4f8-0fe0-4bf6-a395-e04ed15a4df2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_57aa426d-dbf7-47bf-8afc-98decaeb5438" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_cadd94b9-683a-4c4b-8663-def0cce8590d" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_57aa426d-dbf7-47bf-8afc-98decaeb5438" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_11d4821b-bf68-47ea-b34f-9faeb4fe90b8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_cadd94b9-683a-4c4b-8663-def0cce8590d" xlink:to="loc_us-gaap_ServicingAssetAtFairValueAmount_11d4821b-bf68-47ea-b34f-9faeb4fe90b8" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstruments" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstruments"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstruments" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsAdditionalInformationDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MarketValuationAdjustmentsNet_1e52d0ca-2412-4f27-950d-1ad74d709c5a" xlink:href="rwt-20210331.xsd#rwt_MarketValuationAdjustmentsNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_54e3613c-6811-462a-a869-7e3b58b28457" xlink:href="rwt-20210331.xsd#rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rwt_MarketValuationAdjustmentsNet_1e52d0ca-2412-4f27-950d-1ad74d709c5a" xlink:to="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_54e3613c-6811-462a-a869-7e3b58b28457" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsIncomeLossNet_da80496d-1afa-4c74-bfee-309938445dad" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsIncomeLossNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rwt_MarketValuationAdjustmentsNet_1e52d0ca-2412-4f27-950d-1ad74d709c5a" xlink:to="loc_rwt_MortgageServicingRightsIncomeLossNet_da80496d-1afa-4c74-bfee-309938445dad" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoans" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoans"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoans" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansAdditionalInformationDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansAdditionalInformationDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BusinessPurposeLoans" xlink:type="simple" xlink:href="rwt-20210331.xsd#BusinessPurposeLoans"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/BusinessPurposeLoans" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BusinessPurposeLoansTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#BusinessPurposeLoansTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/BusinessPurposeLoansTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MultifamilyLoans" xlink:type="simple" xlink:href="rwt-20210331.xsd#MultifamilyLoans"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/MultifamilyLoans" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MultifamilyLoansTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#MultifamilyLoansTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/MultifamilyLoansTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MultifamilyLoansDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#MultifamilyLoansDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/MultifamilyLoansDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecurities" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecurities"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecurities" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarketableSecurities_03d5c22e-4f17-43d4-a91c-37a1ac1ffcd9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarketableSecurities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecurities_16f3fa6f-93c9-4784-865f-6356892f3d53" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradingSecurities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_MarketableSecurities_03d5c22e-4f17-43d4-a91c-37a1ac1ffcd9" xlink:to="loc_us-gaap_TradingSecurities_16f3fa6f-93c9-4784-865f-6356892f3d53" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_800fbf3d-2575-4d04-9c40-34717dd61d4c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_MarketableSecurities_03d5c22e-4f17-43d4-a91c-37a1ac1ffcd9" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_800fbf3d-2575-4d04-9c40-34717dd61d4c" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesAdditionalInformationDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_ba6bf6da-0cbe-4f10-8ef9-028704a1ec3d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableForSalePrincipalBalance_841e0340-24ee-4c96-aaab-5f5ed234bb0f" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableForSalePrincipalBalance"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_ba6bf6da-0cbe-4f10-8ef9-028704a1ec3d" xlink:to="loc_rwt_DebtSecuritiesAvailableForSalePrincipalBalance_841e0340-24ee-4c96-aaab-5f5ed234bb0f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableForSaleCreditReserve_208c5a80-b086-4294-b237-c46c67ac5eb9" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableForSaleCreditReserve"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_ba6bf6da-0cbe-4f10-8ef9-028704a1ec3d" xlink:to="loc_rwt_DebtSecuritiesAvailableForSaleCreditReserve_208c5a80-b086-4294-b237-c46c67ac5eb9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_63ce554c-2e09-4859-bf54-062877b4cb14" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_ba6bf6da-0cbe-4f10-8ef9-028704a1ec3d" xlink:to="loc_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_63ce554c-2e09-4859-bf54-062877b4cb14" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost_523542f8-ebb3-4295-86a6-a662b8fc5cfb" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_57d0372b-e5a2-4412-811b-06a73f17a55f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost_523542f8-ebb3-4295-86a6-a662b8fc5cfb" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_57d0372b-e5a2-4412-811b-06a73f17a55f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger_c14ad804-832f-434c-b6c2-acec0ab528d6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost_523542f8-ebb3-4295-86a6-a662b8fc5cfb" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger_c14ad804-832f-434c-b6c2-acec0ab528d6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost_324f9d57-9f77-49c3-adf1-3f55a8550c21" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_b4d456f0-b569-491b-9e4f-d13eff52010c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost_324f9d57-9f77-49c3-adf1-3f55a8550c21" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_b4d456f0-b569-491b-9e4f-d13eff52010c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months_17ebf7e5-3841-433c-8406-06a56169a5e7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost_324f9d57-9f77-49c3-adf1-3f55a8550c21" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months_17ebf7e5-3841-433c-8406-06a56169a5e7" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls_4a31af01-f680-48e5-b0e6-da870d099cdf" xlink:href="rwt-20210331.xsd#rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss_073a9173-4ade-4167-aabe-3dd87503e774" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls_4a31af01-f680-48e5-b0e6-da870d099cdf" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss_073a9173-4ade-4167-aabe-3dd87503e774" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_d9f20b4a-9c37-4275-b43d-42b8ab6a11f7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleRealizedGain"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls_4a31af01-f680-48e5-b0e6-da870d099cdf" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_d9f20b4a-9c37-4275-b43d-42b8ab6a11f7" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherInvestments" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherInvestments"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/OtherInvestments" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherInvestmentsTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherInvestmentsTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/OtherInvestmentsTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherInvestmentsSummaryofOtherInvestmentsDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestments_3d1f42ac-f55e-4ef0-b6d4-576d74e092cc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherInvestments"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanHeldForInvestmentAmount_90ae8eb0-bdd9-49e1-827a-775aef512849" xlink:href="rwt-20210331.xsd#rwt_LoanHeldForInvestmentAmount"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherInvestments_3d1f42ac-f55e-4ef0-b6d4-576d74e092cc" xlink:to="loc_rwt_LoanHeldForInvestmentAmount_90ae8eb0-bdd9-49e1-827a-775aef512849" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_81b7177c-148b-487f-a78b-b12238057e8d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherInvestments_3d1f42ac-f55e-4ef0-b6d4-576d74e092cc" xlink:to="loc_us-gaap_ServicingAssetAtFairValueAmount_81b7177c-148b-487f-a78b-b12238057e8d" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherInvestmentsAdditionalInformationDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherInvestmentsServicingAdvanceInvestmentsDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_7f120c78-79c4-4f3f-8470-da1789c900f0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances_e5092c1c-ab97-411d-8a26-c6a07fc5188a" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ServicingAssetAtFairValueAmount_7f120c78-79c4-4f3f-8470-da1789c900f0" xlink:to="loc_rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances_e5092c1c-ab97-411d-8a26-c6a07fc5188a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetsAtFairValueEscrowAdvances_d0800fb3-0866-42a8-9595-96568e9b440c" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetsAtFairValueEscrowAdvances"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ServicingAssetAtFairValueAmount_7f120c78-79c4-4f3f-8470-da1789c900f0" xlink:to="loc_rwt_ServicingAssetsAtFairValueEscrowAdvances_d0800fb3-0866-42a8-9595-96568e9b440c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetsAtFairValueCorporateAdvances_9fee6738-a6e9-4b25-bdf0-0b9d1fb347af" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetsAtFairValueCorporateAdvances"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ServicingAssetAtFairValueAmount_7f120c78-79c4-4f3f-8470-da1789c900f0" xlink:to="loc_rwt_ServicingAssetsAtFairValueCorporateAdvances_9fee6738-a6e9-4b25-bdf0-0b9d1fb347af" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstruments" xlink:type="simple" xlink:href="rwt-20210331.xsd#DerivativeFinancialInstruments"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/DerivativeFinancialInstruments" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#DerivativeFinancialInstrumentsTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#DerivativeFinancialInstrumentsAdditionalInformationDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_26b82aa0-8e47-44b6-9a65-c6be1d181929" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestExpenseCashFlowHedge_707aa6b2-559d-4745-826c-fcbf32e05930" xlink:href="rwt-20210331.xsd#rwt_InterestExpenseCashFlowHedge"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InterestExpense_26b82aa0-8e47-44b6-9a65-c6be1d181929" xlink:to="loc_rwt_InterestExpenseCashFlowHedge_707aa6b2-559d-4745-826c-fcbf32e05930" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent_95886cc4-a68d-46ae-bb2e-f03159fb6006" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InterestExpense_26b82aa0-8e47-44b6-9a65-c6be1d181929" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent_95886cc4-a68d-46ae-bb2e-f03159fb6006" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilities" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherAssetsandLiabilities"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/OtherAssetsandLiabilities" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherAssetsandLiabilitiesTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets_e357c852-c363-4e35-8499-c768dae4f792" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestReceivable_a49dca34-84ee-4db4-be19-b8ad94144065" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestReceivable"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_e357c852-c363-4e35-8499-c768dae4f792" xlink:to="loc_us-gaap_InterestReceivable_a49dca34-84ee-4db4-be19-b8ad94144065" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedInvestmentIncomeReceivable_d843f036-06cd-45c3-aa35-6956f26abb66" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccruedInvestmentIncomeReceivable"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_e357c852-c363-4e35-8499-c768dae4f792" xlink:to="loc_us-gaap_AccruedInvestmentIncomeReceivable_d843f036-06cd-45c3-aa35-6956f26abb66" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarginDepositAssets_0f272e20-633a-412f-ae3e-191da5e31629" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarginDepositAssets"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_e357c852-c363-4e35-8499-c768dae4f792" xlink:to="loc_us-gaap_MarginDepositAssets_0f272e20-633a-412f-ae3e-191da5e31629" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAcquiredThroughForeclosure_cceb1d23-ca76-497d-b136-00ea437be5b9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateAcquiredThroughForeclosure"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_e357c852-c363-4e35-8499-c768dae4f792" xlink:to="loc_us-gaap_RealEstateAcquiredThroughForeclosure_cceb1d23-ca76-497d-b136-00ea437be5b9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_425c3e4c-9d2d-4172-98cd-3df553c2ec23" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_e357c852-c363-4e35-8499-c768dae4f792" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_425c3e4c-9d2d-4172-98cd-3df553c2ec23" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_634b2518-01d5-4040-83f8-b1c1c7842244" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_e357c852-c363-4e35-8499-c768dae4f792" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_634b2518-01d5-4040-83f8-b1c1c7842244" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FederalHomeLoanBankStock_923933a5-98f4-4bdb-afaf-be7505023ec7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FederalHomeLoanBankStock"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_e357c852-c363-4e35-8499-c768dae4f792" xlink:to="loc_us-gaap_FederalHomeLoanBankStock_923933a5-98f4-4bdb-afaf-be7505023ec7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue_b573c14d-b151-489a-872d-c5f1f58367df" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_e357c852-c363-4e35-8499-c768dae4f792" xlink:to="loc_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue_b573c14d-b151-489a-872d-c5f1f58367df" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsMiscellaneous_7f860ee8-04e5-4796-b1cf-a0df0ae90ee7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssetsMiscellaneous"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_e357c852-c363-4e35-8499-c768dae4f792" xlink:to="loc_us-gaap_OtherAssetsMiscellaneous_7f860ee8-04e5-4796-b1cf-a0df0ae90ee7" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_264a1b91-0222-4bbd-82b4-817a9e1ec1d6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPayableCurrentAndNoncurrent_0720b3a2-1c79-46ff-962a-878424e5b557" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestPayableCurrentAndNoncurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_264a1b91-0222-4bbd-82b4-817a9e1ec1d6" xlink:to="loc_us-gaap_InterestPayableCurrentAndNoncurrent_0720b3a2-1c79-46ff-962a-878424e5b557" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterestInLimitedPartnerships_c575afa5-6199-4fe0-8a1b-42bd0947eddf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MinorityInterestInLimitedPartnerships"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_264a1b91-0222-4bbd-82b4-817a9e1ec1d6" xlink:to="loc_us-gaap_MinorityInterestInLimitedPartnerships_c575afa5-6199-4fe0-8a1b-42bd0947eddf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_2ec1a3bb-8c6c-447b-be34-bae557142ffa" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_264a1b91-0222-4bbd-82b4-817a9e1ec1d6" xlink:to="loc_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_2ec1a3bb-8c6c-447b-be34-bae557142ffa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiability_e4c101db-ade2-479c-ac30-d047edf86c68" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseLiability"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_264a1b91-0222-4bbd-82b4-817a9e1ec1d6" xlink:to="loc_us-gaap_OperatingLeaseLiability_e4c101db-ade2-479c-ac30-d047edf86c68" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessCombinationDeferredConsideration_f6b0ba19-ae9d-4ae8-8353-50b04c900a46" xlink:href="rwt-20210331.xsd#rwt_BusinessCombinationDeferredConsideration"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_264a1b91-0222-4bbd-82b4-817a9e1ec1d6" xlink:to="loc_rwt_BusinessCombinationDeferredConsideration_f6b0ba19-ae9d-4ae8-8353-50b04c900a46" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GuarantyLiabilities_8e19ba7c-c2e6-4813-ba06-a6e712138adc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GuarantyLiabilities"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_264a1b91-0222-4bbd-82b4-817a9e1ec1d6" xlink:to="loc_us-gaap_GuarantyLiabilities_8e19ba7c-c2e6-4813-ba06-a6e712138adc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableCurrent_8009fbf1-6aa5-4de8-a6b8-ee8b27e28f19" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsPayableCurrent"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_264a1b91-0222-4bbd-82b4-817a9e1ec1d6" xlink:to="loc_us-gaap_AccountsPayableCurrent_8009fbf1-6aa5-4de8-a6b8-ee8b27e28f19" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageLoanOnRealEstateRepurchaseReserve_77a8c06a-365c-4445-a765-93e8f20cdc92" xlink:href="rwt-20210331.xsd#rwt_MortgageLoanOnRealEstateRepurchaseReserve"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_264a1b91-0222-4bbd-82b4-817a9e1ec1d6" xlink:to="loc_rwt_MortgageLoanOnRealEstateRepurchaseReserve_77a8c06a-365c-4445-a765-93e8f20cdc92" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BridgeLoanHoldback_3e368453-bd50-4995-b10c-2945ef39aefe" xlink:href="rwt-20210331.xsd#rwt_BridgeLoanHoldback"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_264a1b91-0222-4bbd-82b4-817a9e1ec1d6" xlink:to="loc_rwt_BridgeLoanHoldback_3e368453-bd50-4995-b10c-2945ef39aefe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MarginPayable_80ea5556-efe9-4fc0-b9a0-c9a918e063b4" xlink:href="rwt-20210331.xsd#rwt_MarginPayable"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_264a1b91-0222-4bbd-82b4-817a9e1ec1d6" xlink:to="loc_rwt_MarginPayable_80ea5556-efe9-4fc0-b9a0-c9a918e063b4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AccruedOperatingExpenses_6cf0174e-bc11-4aa9-8ea9-429b13c485df" xlink:href="rwt-20210331.xsd#rwt_AccruedOperatingExpenses"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_264a1b91-0222-4bbd-82b4-817a9e1ec1d6" xlink:to="loc_rwt_AccruedOperatingExpenses_6cf0174e-bc11-4aa9-8ea9-429b13c485df" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedIncomeTaxesCurrent_735cf665-76c3-47f7-9365-bca3202f4503" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccruedIncomeTaxesCurrent"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_264a1b91-0222-4bbd-82b4-817a9e1ec1d6" xlink:to="loc_us-gaap_AccruedIncomeTaxesCurrent_735cf665-76c3-47f7-9365-bca3202f4503" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherLiabilitiesMiscellaneous_2bcf93d7-e895-4b89-a663-f43c787dd849" xlink:href="rwt-20210331.xsd#rwt_OtherLiabilitiesMiscellaneous"/>
    <link:calculationArc order="13" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_264a1b91-0222-4bbd-82b4-817a9e1ec1d6" xlink:to="loc_rwt_OtherLiabilitiesMiscellaneous_2bcf93d7-e895-4b89-a663-f43c787dd849" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherAssetsandLiabilitiesREOInformationDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebt" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebt"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebt" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebtTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebtTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebtTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ShorttermDebtPledgedasCollateral_cdc04022-87c7-4854-a3e7-02c72538880e" xlink:href="rwt-20210331.xsd#rwt_ShorttermDebtPledgedasCollateral"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansPledgedAsCollateral_63e12cc4-8c9d-4c28-8dc4-6c4acfe52720" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansPledgedAsCollateral"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rwt_ShorttermDebtPledgedasCollateral_cdc04022-87c7-4854-a3e7-02c72538880e" xlink:to="loc_us-gaap_LoansPledgedAsCollateral_63e12cc4-8c9d-4c28-8dc4-6c4acfe52720" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue_f1306eb0-3430-4cdd-aa76-2d06acb3bfdc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rwt_ShorttermDebtPledgedasCollateral_cdc04022-87c7-4854-a3e7-02c72538880e" xlink:to="loc_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue_f1306eb0-3430-4cdd-aa76-2d06acb3bfdc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral_af0931b1-8321-4568-a8c4-6e1e4a42308c" xlink:href="rwt-20210331.xsd#rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rwt_ShorttermDebtPledgedasCollateral_cdc04022-87c7-4854-a3e7-02c72538880e" xlink:to="loc_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral_af0931b1-8321-4568-a8c4-6e1e4a42308c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue_c0fec1dd-8c8e-4f91-97a7-d8e1fd1d534b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleRestricted_70abed3c-f562-4691-a29b-8109a6580188" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleRestricted"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue_c0fec1dd-8c8e-4f91-97a7-d8e1fd1d534b" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleRestricted_70abed3c-f562-4691-a29b-8109a6580188" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesTradingRestricted_462f1790-6939-4fb8-b700-4dcda765cfda" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesTradingRestricted"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue_c0fec1dd-8c8e-4f91-97a7-d8e1fd1d534b" xlink:to="loc_us-gaap_DebtSecuritiesTradingRestricted_462f1790-6939-4fb8-b700-4dcda765cfda" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebtAdditionalInformationDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssued" xlink:type="simple" xlink:href="rwt-20210331.xsd#AssetBackedSecuritiesIssued"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssued" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#AssetBackedSecuritiesIssuedTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#AssetBackedSecuritiesIssuedAdditionalInformationDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#AssetBackedSecuritiesIssuedAccruedInterestPayableDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/LongTermDebt" xlink:type="simple" xlink:href="rwt-20210331.xsd#LongTermDebt"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/LongTermDebt" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/LongTermDebtTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#LongTermDebtTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/LongTermDebtTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#LongTermDebtScheduleofComponentsofLongTermDebtDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_06236be5-e9c1-4dbc-bfcc-dd7258bbe574" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebt"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_d087c89b-0aa0-43b5-b73c-595aaf2563f0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_06236be5-e9c1-4dbc-bfcc-dd7258bbe574" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_d087c89b-0aa0-43b5-b73c-595aaf2563f0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_38518bb7-e584-44b7-a33e-fa415c959c6c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_06236be5-e9c1-4dbc-bfcc-dd7258bbe574" xlink:to="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_38518bb7-e584-44b7-a33e-fa415c959c6c" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#LongTermDebtScheduleofCollateralforLongTermDebtDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingencies" xlink:type="simple" xlink:href="rwt-20210331.xsd#CommitmentsandContingencies"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/CommitmentsandContingencies" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingenciesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#CommitmentsandContingenciesTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/CommitmentsandContingenciesTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#CommitmentsandContingenciesAdditionalInformationDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#CommitmentsandContingenciesFutureLeaseCommitmentsDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_6174d937-b916-443e-b96c-df87cc3773cb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_62e55668-b235-4685-8189-4ce829d6bbad" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_6174d937-b916-443e-b96c-df87cc3773cb" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_62e55668-b235-4685-8189-4ce829d6bbad" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_461ce68a-adbc-4fb7-afce-e9ab1074071f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_6174d937-b916-443e-b96c-df87cc3773cb" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_461ce68a-adbc-4fb7-afce-e9ab1074071f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_8fed7063-de0e-43d0-ac9c-c766551c5d84" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_6174d937-b916-443e-b96c-df87cc3773cb" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_8fed7063-de0e-43d0-ac9c-c766551c5d84" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_80e6d10e-a689-436a-8b79-9c2f425e38ce" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_6174d937-b916-443e-b96c-df87cc3773cb" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_80e6d10e-a689-436a-8b79-9c2f425e38ce" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_8ad0edf2-0ade-43b7-aaf9-fff3c7898199" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_6174d937-b916-443e-b96c-df87cc3773cb" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_8ad0edf2-0ade-43b7-aaf9-fff3c7898199" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_278be30b-8ae6-4ce6-abc4-acae13a18346" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_6174d937-b916-443e-b96c-df87cc3773cb" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_278be30b-8ae6-4ce6-abc4-acae13a18346" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails_1" xlink:type="simple" xlink:href="rwt-20210331.xsd#CommitmentsandContingenciesFutureLeaseCommitmentsDetails_1"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails_1" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_7a4d5231-3f54-484b-b773-14ff0329ef9b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_ee8bae1b-029a-4084-8b21-47b296407b3a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_7a4d5231-3f54-484b-b773-14ff0329ef9b" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_ee8bae1b-029a-4084-8b21-47b296407b3a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiability_24a56f94-4714-4649-b9df-276d4c3a000c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseLiability"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_7a4d5231-3f54-484b-b773-14ff0329ef9b" xlink:to="loc_us-gaap_OperatingLeaseLiability_24a56f94-4714-4649-b9df-276d4c3a000c" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/Equity" xlink:type="simple" xlink:href="rwt-20210331.xsd#Equity"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/Equity" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/EquityTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_72f9d381-0e63-4837-9795-a4c5a79824b3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_f51b81f5-fc72-4804-951e-bbf807671456" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_72f9d381-0e63-4837-9795-a4c5a79824b3" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_f51b81f5-fc72-4804-951e-bbf807671456" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_6643e625-dd15-47ff-9a96-7062b1664b12" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_72f9d381-0e63-4837-9795-a4c5a79824b3" xlink:to="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_6643e625-dd15-47ff-9a96-7062b1664b12" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityAdditionalInformationDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityBasicandDilutedEarningsPerCommonShareDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_ee5ffcca-c2e0-4c17-bb09-a5959a3ac950" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_6b003db8-082c-4548-a231-4daf24318f34" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_ee5ffcca-c2e0-4c17-bb09-a5959a3ac950" xlink:to="loc_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_6b003db8-082c-4548-a231-4daf24318f34" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_a87a47b4-7ae8-41df-b2b5-13c626c7881d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_ee5ffcca-c2e0-4c17-bb09-a5959a3ac950" xlink:to="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_a87a47b4-7ae8-41df-b2b5-13c626c7881d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities_21f18f88-6c61-4d38-9c52-4e6138887365" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_ee5ffcca-c2e0-4c17-bb09-a5959a3ac950" xlink:to="loc_us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities_21f18f88-6c61-4d38-9c52-4e6138887365" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_5974d5da-a8e8-4d79-9566-d6c593177003" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic_4e27e1df-81b0-4f13-9c97-091cb864f622" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_5974d5da-a8e8-4d79-9566-d6c593177003" xlink:to="loc_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic_4e27e1df-81b0-4f13-9c97-091cb864f622" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_42afa54c-d447-47e2-bb1a-38224828d928" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_5974d5da-a8e8-4d79-9566-d6c593177003" xlink:to="loc_us-gaap_NetIncomeLoss_42afa54c-d447-47e2-bb1a-38224828d928" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_e3dc085d-75c4-4442-895c-182744c88f2e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_1c639e85-29c4-4561-b285-e2cf8f2404ec" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_e3dc085d-75c4-4442-895c-182744c88f2e" xlink:to="loc_us-gaap_NetIncomeLoss_1c639e85-29c4-4561-b285-e2cf8f2404ec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted_6321e55d-e9df-4594-9bed-e79c8d634000" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_e3dc085d-75c4-4442-895c-182744c88f2e" xlink:to="loc_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted_6321e55d-e9df-4594-9bed-e79c8d634000" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax_f1d4dbda-1d6b-4938-87e7-11c97d9b8a5d" xlink:href="rwt-20210331.xsd#rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_e3dc085d-75c4-4442-895c-182744c88f2e" xlink:to="loc_rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax_f1d4dbda-1d6b-4938-87e7-11c97d9b8a5d" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityCompensationPlans" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityCompensationPlans"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/EquityCompensationPlans" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityCompensationPlansTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityCompensationPlansTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/EquityCompensationPlansTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityCompensationPlansAdditionalInformationDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityCompensationPlansUnrecognizedCompensationCostDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNet" xlink:type="simple" xlink:href="rwt-20210331.xsd#MortgageBankingActivitiesNet"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNet" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#MortgageBankingActivitiesNetTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingActivitiesNet_0faa80ea-b707-4589-8014-b4c53ff9d7cb" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingActivitiesNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_7deebd9d-dcfd-4548-822f-9a31671d6b2f" xlink:href="rwt-20210331.xsd#rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rwt_MortgageBankingActivitiesNet_0faa80ea-b707-4589-8014-b4c53ff9d7cb" xlink:to="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_7deebd9d-dcfd-4548-822f-9a31671d6b2f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1_b305898a-8f8e-4244-9c79-2364d6b3c965" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rwt_MortgageBankingActivitiesNet_0faa80ea-b707-4589-8014-b4c53ff9d7cb" xlink:to="loc_us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1_b305898a-8f8e-4244-9c79-2364d6b3c965" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncome_cf9c45a8-39e3-4e41-99b7-92bed7717d33" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncome"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rwt_MortgageBankingActivitiesNet_0faa80ea-b707-4589-8014-b4c53ff9d7cb" xlink:to="loc_us-gaap_OtherIncome_cf9c45a8-39e3-4e41-99b7-92bed7717d33" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherIncome" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherIncome"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/OtherIncome" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherIncomeTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherIncomeTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/OtherIncomeTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherIncomeDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherIncomeDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/OtherIncomeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncome_e523e500-2a12-4609-b497-9c060f63bbe5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsIncomeLossNet_f8c061da-cb82-478d-b39a-0f3397b149d4" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsIncomeLossNet"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherIncome_e523e500-2a12-4609-b497-9c060f63bbe5" xlink:to="loc_rwt_MortgageServicingRightsIncomeLossNet_f8c061da-cb82-478d-b39a-0f3397b149d4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FeeIncomeRiskSharingAgreement_fe83e59d-dab2-4c2d-b485-7f53ea4a0f01" xlink:href="rwt-20210331.xsd#rwt_FeeIncomeRiskSharingAgreement"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherIncome_e523e500-2a12-4609-b497-9c060f63bbe5" xlink:to="loc_rwt_FeeIncomeRiskSharingAgreement_fe83e59d-dab2-4c2d-b485-7f53ea4a0f01" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FHLBCCapitalStockDividend_1f305f10-49ac-4751-aef6-55aae3743d01" xlink:href="rwt-20210331.xsd#rwt_FHLBCCapitalStockDividend"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherIncome_e523e500-2a12-4609-b497-9c060f63bbe5" xlink:to="loc_rwt_FHLBCCapitalStockDividend_1f305f10-49ac-4751-aef6-55aae3743d01" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_11b03ea1-f9c9-498e-9116-e0cbe1b6b41d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherIncome_e523e500-2a12-4609-b497-9c060f63bbe5" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_11b03ea1-f9c9-498e-9116-e0cbe1b6b41d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_ae615fbb-74d4-4c3c-b5bd-967bed74d7fc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherIncome_e523e500-2a12-4609-b497-9c060f63bbe5" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_ae615fbb-74d4-4c3c-b5bd-967bed74d7fc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndFeeIncomeLoansAndLeases_12a812f7-1251-4606-b806-e0db520df110" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansAndLeases"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherIncome_e523e500-2a12-4609-b497-9c060f63bbe5" xlink:to="loc_us-gaap_InterestAndFeeIncomeLoansAndLeases_12a812f7-1251-4606-b806-e0db520df110" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpenses" xlink:type="simple" xlink:href="rwt-20210331.xsd#GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpenses"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpenses" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpenses_e22021fe-7116-4c4c-bf47-f65a13cf8f4d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingExpenses"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_f81fb917-7601-4463-a431-04e940a3b7e8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_e22021fe-7116-4c4c-bf47-f65a13cf8f4d" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_f81fb917-7601-4463-a431-04e940a3b7e8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingCostsAndExpenses_b9bea02f-b9d4-4e30-b24b-c4249254ff7a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingCostsAndExpenses"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_e22021fe-7116-4c4c-bf47-f65a13cf8f4d" xlink:to="loc_us-gaap_OperatingCostsAndExpenses_b9bea02f-b9d4-4e30-b24b-c4249254ff7a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanAcquisitionCosts_e3698fe2-0d36-4f2a-a019-62468515a399" xlink:href="rwt-20210331.xsd#rwt_LoanAcquisitionCosts"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_e22021fe-7116-4c4c-bf47-f65a13cf8f4d" xlink:to="loc_rwt_LoanAcquisitionCosts_e3698fe2-0d36-4f2a-a019-62468515a399" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingCostsAndExpenses_cfcec6fd-9f18-474a-bef5-962042a4dbec" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingCostsAndExpenses"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillImpairmentLoss_a2b71b84-744f-4c72-8aa5-fbacb0145465" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GoodwillImpairmentLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingCostsAndExpenses_cfcec6fd-9f18-474a-bef5-962042a4dbec" xlink:to="loc_us-gaap_GoodwillImpairmentLoss_a2b71b84-744f-4c72-8aa5-fbacb0145465" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AmortizationofPurchaseRelatedIntangibleAssets_bb8e4479-9c73-40b2-9a3c-877c8036e2ae" xlink:href="rwt-20210331.xsd#rwt_AmortizationofPurchaseRelatedIntangibleAssets"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingCostsAndExpenses_cfcec6fd-9f18-474a-bef5-962042a4dbec" xlink:to="loc_rwt_AmortizationofPurchaseRelatedIntangibleAssets_bb8e4479-9c73-40b2-9a3c-877c8036e2ae" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCostAndExpenseOperating_c2995e40-34b0-4b25-bf32-b4e47d673f74" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCostAndExpenseOperating"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingCostsAndExpenses_cfcec6fd-9f18-474a-bef5-962042a4dbec" xlink:to="loc_us-gaap_OtherCostAndExpenseOperating_c2995e40-34b0-4b25-bf32-b4e47d673f74" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_ab2a1a71-7af8-441a-8637-990646585d01" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FixedCompensationExpense_347dba1a-b5e5-4da9-8d1d-12cca18067ce" xlink:href="rwt-20210331.xsd#rwt_FixedCompensationExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_GeneralAndAdministrativeExpense_ab2a1a71-7af8-441a-8637-990646585d01" xlink:to="loc_rwt_FixedCompensationExpense_347dba1a-b5e5-4da9-8d1d-12cca18067ce" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_VariableCompensationExpense_f86d9ca4-a48e-42d5-a143-e999cea47fad" xlink:href="rwt-20210331.xsd#rwt_VariableCompensationExpense"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_GeneralAndAdministrativeExpense_ab2a1a71-7af8-441a-8637-990646585d01" xlink:to="loc_rwt_VariableCompensationExpense_f86d9ca4-a48e-42d5-a143-e999cea47fad" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpense_8e34c417-5a40-45b5-8467-6d36a33d9a35" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_GeneralAndAdministrativeExpense_ab2a1a71-7af8-441a-8637-990646585d01" xlink:to="loc_us-gaap_AllocatedShareBasedCompensationExpense_8e34c417-5a40-45b5-8467-6d36a33d9a35" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense_c488741e-abb7-47aa-a78c-91aa31f5a04d" xlink:href="rwt-20210331.xsd#rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_GeneralAndAdministrativeExpense_ab2a1a71-7af8-441a-8637-990646585d01" xlink:to="loc_rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense_c488741e-abb7-47aa-a78c-91aa31f5a04d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommunicationsAndInformationTechnology_8640af26-ef3a-40b1-a6d7-7d290984d60a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommunicationsAndInformationTechnology"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_GeneralAndAdministrativeExpense_ab2a1a71-7af8-441a-8637-990646585d01" xlink:to="loc_us-gaap_CommunicationsAndInformationTechnology_8640af26-ef3a-40b1-a6d7-7d290984d60a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OfficeCosts_79b90084-8c2f-4925-ade3-6fcac7ccde6e" xlink:href="rwt-20210331.xsd#rwt_OfficeCosts"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_GeneralAndAdministrativeExpense_ab2a1a71-7af8-441a-8637-990646585d01" xlink:to="loc_rwt_OfficeCosts_79b90084-8c2f-4925-ade3-6fcac7ccde6e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfessionalFees_47e9a5fb-37d2-49d5-93ab-8d47b96fdcf5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProfessionalFees"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_GeneralAndAdministrativeExpense_ab2a1a71-7af8-441a-8637-990646585d01" xlink:to="loc_us-gaap_ProfessionalFees_47e9a5fb-37d2-49d5-93ab-8d47b96fdcf5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherGeneralExpense_21832e5b-1cfc-43fc-afde-b4f078d44c69" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherGeneralExpense"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_GeneralAndAdministrativeExpense_ab2a1a71-7af8-441a-8637-990646585d01" xlink:to="loc_us-gaap_OtherGeneralExpense_21832e5b-1cfc-43fc-afde-b4f078d44c69" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherGeneralAndAdministrativeExpense_4d607472-60e9-4e78-ae82-58be3d54d0ca" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherGeneralAndAdministrativeExpense"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_GeneralAndAdministrativeExpense_ab2a1a71-7af8-441a-8637-990646585d01" xlink:to="loc_us-gaap_OtherGeneralAndAdministrativeExpense_4d607472-60e9-4e78-ae82-58be3d54d0ca" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanAcquisitionCosts_10246eea-cda8-4377-8d14-c2faae5ad2e1" xlink:href="rwt-20210331.xsd#rwt_LoanAcquisitionCosts"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommissionsOnLoanAcquisitions_52e480cf-b076-4592-a232-27f8635a3d54" xlink:href="rwt-20210331.xsd#rwt_CommissionsOnLoanAcquisitions"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rwt_LoanAcquisitionCosts_10246eea-cda8-4377-8d14-c2faae5ad2e1" xlink:to="loc_rwt_CommissionsOnLoanAcquisitions_52e480cf-b076-4592-a232-27f8635a3d54" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_UnderwritingCostsAssociatedWithLoanAcquisitions_6dfac626-dd5b-42e4-896f-5e4bef9a2b14" xlink:href="rwt-20210331.xsd#rwt_UnderwritingCostsAssociatedWithLoanAcquisitions"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rwt_LoanAcquisitionCosts_10246eea-cda8-4377-8d14-c2faae5ad2e1" xlink:to="loc_rwt_UnderwritingCostsAssociatedWithLoanAcquisitions_6dfac626-dd5b-42e4-896f-5e4bef9a2b14" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions_3a276f1e-e83f-4ab2-9b39-ae7cc84208b1" xlink:href="rwt-20210331.xsd#rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rwt_LoanAcquisitionCosts_10246eea-cda8-4377-8d14-c2faae5ad2e1" xlink:to="loc_rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions_3a276f1e-e83f-4ab2-9b39-ae7cc84208b1" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/Taxes" xlink:type="simple" xlink:href="rwt-20210331.xsd#Taxes"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/Taxes" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/TaxesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#TaxesTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/TaxesTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/TaxesAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#TaxesAdditionalInformationDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/TaxesAdditionalInformationDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_60e1ab6b-09de-4568-9e7b-4ffb545d0bba" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_424510bd-61b6-4ae2-b7f2-e62ccb21c5ef" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_60e1ab6b-09de-4568-9e7b-4ffb545d0bba" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_424510bd-61b6-4ae2-b7f2-e62ccb21c5ef" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_ba2e4d6d-0ed7-4ac4-b95f-9b118e0ba239" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_60e1ab6b-09de-4568-9e7b-4ffb545d0bba" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_ba2e4d6d-0ed7-4ac4-b95f-9b118e0ba239" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductions_3210f584-c72d-4a8f-84c3-40081fb97790" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationDeductions"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_60e1ab6b-09de-4568-9e7b-4ffb545d0bba" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductions_3210f584-c72d-4a8f-84c3-40081fb97790" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_6860ac06-c2f1-45c9-9e75-969343e9d6e5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_60e1ab6b-09de-4568-9e7b-4ffb545d0bba" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_6860ac06-c2f1-45c9-9e75-969343e9d6e5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends_43d1d527-1a0e-4f92-9442-e082c93f02de" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_60e1ab6b-09de-4568-9e7b-4ffb545d0bba" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends_43d1d527-1a0e-4f92-9442-e082c93f02de" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformation" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformation"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformation" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformationTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformationTables"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformationTables" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformationAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformationAdditionalInformationDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformationAdditionalInformationDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformationFinancialInformationbySegmentDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoninterestIncome_ee694a15-942b-4028-af17-ce432bfa4ebd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoninterestIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingActivitiesNet_db626a86-1bb8-4c3c-a0d1-012579e6b6e8" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingActivitiesNet"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NoninterestIncome_ee694a15-942b-4028-af17-ce432bfa4ebd" xlink:to="loc_rwt_MortgageBankingActivitiesNet_db626a86-1bb8-4c3c-a0d1-012579e6b6e8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnInvestments_b28d4d4f-8495-41e9-a9d0-51a8fd879125" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestments"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NoninterestIncome_ee694a15-942b-4028-af17-ce432bfa4ebd" xlink:to="loc_us-gaap_UnrealizedGainLossOnInvestments_b28d4d4f-8495-41e9-a9d0-51a8fd879125" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherOperatingIncomeExpenseNet_9fb15e60-2d12-495b-aba6-ea9f731f52b6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherOperatingIncomeExpenseNet"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NoninterestIncome_ee694a15-942b-4028-af17-ce432bfa4ebd" xlink:to="loc_us-gaap_OtherOperatingIncomeExpenseNet_9fb15e60-2d12-495b-aba6-ea9f731f52b6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealizedInvestmentGainsLosses_67775e52-ad04-488f-a738-3ad169d6c990" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealizedInvestmentGainsLosses"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NoninterestIncome_ee694a15-942b-4028-af17-ce432bfa4ebd" xlink:to="loc_us-gaap_RealizedInvestmentGainsLosses_67775e52-ad04-488f-a738-3ad169d6c990" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformationComponentsofCorporateOtherDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformationSupplementalInformationbySegmentDetails"/>
  <link:calculationLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_0f095106-e52c-4c8a-8768-b2ccd464eaa0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_b56d9c90-987a-459b-a71e-e2a715ffbcdb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_0f095106-e52c-4c8a-8768-b2ccd464eaa0" xlink:to="loc_us-gaap_NotesReceivableNet_b56d9c90-987a-459b-a71e-e2a715ffbcdb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarketableSecurities_cc059cc5-9de5-4702-bc13-44839a6dbf06" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarketableSecurities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_0f095106-e52c-4c8a-8768-b2ccd464eaa0" xlink:to="loc_us-gaap_MarketableSecurities_cc059cc5-9de5-4702-bc13-44839a6dbf06" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestments_36cd0b69-fedf-44a2-827a-4a47795836ed" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherInvestments"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_0f095106-e52c-4c8a-8768-b2ccd464eaa0" xlink:to="loc_us-gaap_OtherInvestments_36cd0b69-fedf-44a2-827a-4a47795836ed" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill_c0bf8f11-af35-4369-8cae-940663991b04" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IntangibleAssetsNetIncludingGoodwill"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_0f095106-e52c-4c8a-8768-b2ccd464eaa0" xlink:to="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill_c0bf8f11-af35-4369-8cae-940663991b04" xlink:type="arc"/>
  </link:calculationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>11
<FILENAME>rwt-20210331_def.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2021 Workiva-->
<!--r:e35fa16f-4607-46d5-a3e8-070c9aa6504e,g:4da2f0a3-50bd-4f07-92da-417db8aabd49-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/all" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CoverPage" xlink:type="simple" xlink:href="rwt-20210331.xsd#CoverPage"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/CoverPage" xlink:type="extended" id="i7e2aa1be90354ff8b15623dff3bd0555_CoverPage"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDBALANCESHEETS"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS" xlink:type="extended" id="iac106ec3a2a044c8a7ca4336e90663b1_CONSOLIDATEDBALANCESHEETS">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_ec2ac390-0516-48f5-98cc-cc5a798154e4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_ec2ac390-0516-48f5-98cc-cc5a798154e4" xlink:to="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_c89a2336-6668-4de7-877c-47cc3587f88e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_NotesReceivableNet_c89a2336-6668-4de7-877c-47cc3587f88e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarketableSecurities_70579c5a-c986-4326-ba4b-6987ee08e98f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarketableSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_MarketableSecurities_70579c5a-c986-4326-ba4b-6987ee08e98f" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestments_e9245f47-5e00-4c14-ad31-92c443f2f6a4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherInvestments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_OtherInvestments_e9245f47-5e00-4c14-ad31-92c443f2f6a4" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_d1e56cb3-5cf3-4582-aa7d-db0bf42e3922" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_d1e56cb3-5cf3-4582-aa7d-db0bf42e3922" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents_7de48b43-ee30-4fa1-9013-ad419df05bd7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalents_7de48b43-ee30-4fa1-9013-ad419df05bd7" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill_cc52c0d2-0dd6-4b76-b107-175431ef177e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IntangibleAssetsNetIncludingGoodwill"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill_cc52c0d2-0dd6-4b76-b107-175431ef177e" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets_4a575f9a-93b2-4f1a-ab59-91e7c1a11245" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_DerivativeAssets_4a575f9a-93b2-4f1a-ab59-91e7c1a11245" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets_b34b6cb7-ffb4-4ba2-bf0c-1a2e6c780fa9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_OtherAssets_b34b6cb7-ffb4-4ba2-bf0c-1a2e6c780fa9" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_1ca86112-dfce-4050-95a1-47725604bad4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Assets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_Assets_1ca86112-dfce-4050-95a1-47725604bad4" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_468528c8-79f4-4913-833d-ca8683d06805" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_ec2ac390-0516-48f5-98cc-cc5a798154e4" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_468528c8-79f4-4913-833d-ca8683d06805" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAbstract_fd619670-9017-488f-bade-4fa613ee94a7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_468528c8-79f4-4913-833d-ca8683d06805" xlink:to="loc_us-gaap_LiabilitiesAbstract_fd619670-9017-488f-bade-4fa613ee94a7" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermBorrowings_93641c44-143e-4085-87b6-175185aff965" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermBorrowings"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAbstract_fd619670-9017-488f-bade-4fa613ee94a7" xlink:to="loc_us-gaap_ShortTermBorrowings_93641c44-143e-4085-87b6-175185aff965" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_73342b04-c49f-4056-a6af-63807b1ea3e7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAbstract_fd619670-9017-488f-bade-4fa613ee94a7" xlink:to="loc_us-gaap_DerivativeLiabilities_73342b04-c49f-4056-a6af-63807b1ea3e7" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_b3e51f07-c266-4725-b7ca-fca0c31c481d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAbstract_fd619670-9017-488f-bade-4fa613ee94a7" xlink:to="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_b3e51f07-c266-4725-b7ca-fca0c31c481d" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuredDebt_f554c2e0-a3e2-416e-b241-366806ab5250" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuredDebt"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAbstract_fd619670-9017-488f-bade-4fa613ee94a7" xlink:to="loc_us-gaap_SecuredDebt_f554c2e0-a3e2-416e-b241-366806ab5250" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLongTermDebt_038f64f5-b8a1-41a7-847c-e0d1ac401dc6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherLongTermDebt"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAbstract_fd619670-9017-488f-bade-4fa613ee94a7" xlink:to="loc_us-gaap_OtherLongTermDebt_038f64f5-b8a1-41a7-847c-e0d1ac401dc6" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_6be79183-64f2-47fb-b2d3-286a7dbd5c1c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Liabilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAbstract_fd619670-9017-488f-bade-4fa613ee94a7" xlink:to="loc_us-gaap_Liabilities_6be79183-64f2-47fb-b2d3-286a7dbd5c1c" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingencies_04f6e15a-78e9-4d3f-b49d-91d6c9b9ef2d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommitmentsAndContingencies"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_468528c8-79f4-4913-833d-ca8683d06805" xlink:to="loc_us-gaap_CommitmentsAndContingencies_04f6e15a-78e9-4d3f-b49d-91d6c9b9ef2d" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_fd6bf4a7-06b3-4aa9-8825-9d075bb073cc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_468528c8-79f4-4913-833d-ca8683d06805" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_fd6bf4a7-06b3-4aa9-8825-9d075bb073cc" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_af208f93-36f4-4c90-a73c-52d6f8a1db22" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_fd6bf4a7-06b3-4aa9-8825-9d075bb073cc" xlink:to="loc_us-gaap_CommonStockValue_af208f93-36f4-4c90-a73c-52d6f8a1db22" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_b587e7d6-91a7-4ca6-853e-9a58d6bd4bc6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_fd6bf4a7-06b3-4aa9-8825-9d075bb073cc" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_b587e7d6-91a7-4ca6-853e-9a58d6bd4bc6" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_9ad55983-31e4-489d-98e8-865a4078086c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_fd6bf4a7-06b3-4aa9-8825-9d075bb073cc" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_9ad55983-31e4-489d-98e8-865a4078086c" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_262f0ef6-b86c-4d44-b8a6-aa1d32f0446a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_fd6bf4a7-06b3-4aa9-8825-9d075bb073cc" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_262f0ef6-b86c-4d44-b8a6-aa1d32f0446a" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CumulativeDividends_c9ca5ba7-34b2-473a-8691-7d57e65bc698" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CumulativeDividends"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_fd6bf4a7-06b3-4aa9-8825-9d075bb073cc" xlink:to="loc_us-gaap_CumulativeDividends_c9ca5ba7-34b2-473a-8691-7d57e65bc698" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_61c95e4a-22e5-4e79-9d63-d8b83e9c5bc8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_fd6bf4a7-06b3-4aa9-8825-9d075bb073cc" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_61c95e4a-22e5-4e79-9d63-d8b83e9c5bc8" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_3ffb8748-54fa-45f7-bca4-01721b365c34" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_468528c8-79f4-4913-833d-ca8683d06805" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_3ffb8748-54fa-45f7-bca4-01721b365c34" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_e5a988e5-6395-4b7a-93be-513f3158cc73" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_ec2ac390-0516-48f5-98cc-cc5a798154e4" xlink:to="loc_us-gaap_StatementTable_e5a988e5-6395-4b7a-93be-513f3158cc73" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_3f85eb78-3717-4590-a4e9-a571fb9dbd44" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_e5a988e5-6395-4b7a-93be-513f3158cc73" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_3f85eb78-3717-4590-a4e9-a571fb9dbd44" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_3f85eb78-3717-4590-a4e9-a571fb9dbd44_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_3f85eb78-3717-4590-a4e9-a571fb9dbd44" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_3f85eb78-3717-4590-a4e9-a571fb9dbd44_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_e9dc6164-6347-4c6a-b3f4-7e2ed16aee97" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_3f85eb78-3717-4590-a4e9-a571fb9dbd44" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_e9dc6164-6347-4c6a-b3f4-7e2ed16aee97" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForSaleMember_1e24cb6a-3d5c-414e-b1f8-2714e5e4f39f" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForSaleMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_e9dc6164-6347-4c6a-b3f4-7e2ed16aee97" xlink:to="loc_rwt_ResidentialLoansHeldForSaleMember_1e24cb6a-3d5c-414e-b1f8-2714e5e4f39f" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember_bf2889fb-a5a6-4f60-a9e4-61d6df6289ff" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_e9dc6164-6347-4c6a-b3f4-7e2ed16aee97" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember_bf2889fb-a5a6-4f60-a9e4-61d6df6289ff" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansHeldforSaleMember_6ce0f147-3b5c-4c40-b30d-ebdacd150ca5" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansHeldforSaleMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_e9dc6164-6347-4c6a-b3f4-7e2ed16aee97" xlink:to="loc_rwt_BusinessPurposeResidentialLoansHeldforSaleMember_6ce0f147-3b5c-4c40-b30d-ebdacd150ca5" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember_e8267ec2-ffd3-4095-ba4e-adb9f0b2581d" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_e9dc6164-6347-4c6a-b3f4-7e2ed16aee97" xlink:to="loc_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember_e8267ec2-ffd3-4095-ba4e-adb9f0b2581d" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansMember_6f039687-8b53-45cc-9a6a-a56e2b90c973" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_e9dc6164-6347-4c6a-b3f4-7e2ed16aee97" xlink:to="loc_rwt_MultifamilyLoansMember_6f039687-8b53-45cc-9a6a-a56e2b90c973" xlink:type="arc" order="4"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDBALANCESHEETSPARENTHETICAL"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL" xlink:type="extended" id="i001f84c9114d434fa5cfa398c164f70c_CONSOLIDATEDBALANCESHEETSPARENTHETICAL">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFairValue_4a677dd1-27ad-4128-a9a0-33bb0029f175" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:to="loc_us-gaap_DebtInstrumentFairValue_4a677dd1-27ad-4128-a9a0-33bb0029f175" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_f04868b4-5768-497c-9d0a-d4f2eda338b0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:to="loc_us-gaap_CommonStockParOrStatedValuePerShare_f04868b4-5768-497c-9d0a-d4f2eda338b0" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesAuthorized_3891aa6c-6018-4f00-8046-86c911df202c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockSharesAuthorized"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:to="loc_us-gaap_CommonStockSharesAuthorized_3891aa6c-6018-4f00-8046-86c911df202c" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesIssued_80b521f4-0c92-465e-9884-5ee6516dd0eb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockSharesIssued"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:to="loc_us-gaap_CommonStockSharesIssued_80b521f4-0c92-465e-9884-5ee6516dd0eb" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_683e6c32-257c-4284-b37e-483bd9e106e8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockSharesOutstanding"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_683e6c32-257c-4284-b37e-483bd9e106e8" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_4157b9c6-be25-416a-9759-5137f3fe943c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Assets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:to="loc_us-gaap_Assets_4157b9c6-be25-416a-9759-5137f3fe943c" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_cbcd95e8-e20e-45e6-8fbb-ce1b622cbdfe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Liabilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:to="loc_us-gaap_Liabilities_cbcd95e8-e20e-45e6-8fbb-ce1b622cbdfe" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_05082c6f-16b4-43e1-b664-b588c457672c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:to="loc_us-gaap_StatementTable_05082c6f-16b4-43e1-b664-b588c457672c" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_9416ea24-db3c-4e40-ba05-289d788cd79a" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_05082c6f-16b4-43e1-b664-b588c457672c" xlink:to="loc_srt_ConsolidatedEntitiesAxis_9416ea24-db3c-4e40-ba05-289d788cd79a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_9416ea24-db3c-4e40-ba05-289d788cd79a_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidatedEntitiesAxis_9416ea24-db3c-4e40-ba05-289d788cd79a" xlink:to="loc_srt_ConsolidatedEntitiesDomain_9416ea24-db3c-4e40-ba05-289d788cd79a_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_d8678a7e-cc31-49eb-8393-5cae2fef7b4f" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidatedEntitiesAxis_9416ea24-db3c-4e40-ba05-289d788cd79a" xlink:to="loc_srt_ConsolidatedEntitiesDomain_d8678a7e-cc31-49eb-8393-5cae2fef7b4f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_82358da6-7660-4411-8044-cb103a046913" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_d8678a7e-cc31-49eb-8393-5cae2fef7b4f" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_82358da6-7660-4411-8044-cb103a046913" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFINCOMELOSS"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS" xlink:type="extended" id="i39dcf4af0c6b4fd080dc3b3459e308a6_CONSOLIDATEDSTATEMENTSOFINCOMELOSS"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS" xlink:type="extended" id="ie1230502080c4c16bd59ef9b28a1df00_CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY" xlink:type="extended" id="ic928592292664e18a861682ed7c2bcf7_CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_629ef7cb-fb6c-4ee0-aee6-8afec5b531a4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_629ef7cb-fb6c-4ee0-aee6-8afec5b531a4" xlink:to="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharesIssued_6411c353-d180-4f9d-9332-f1167d093b45" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharesIssued"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_SharesIssued_6411c353-d180-4f9d-9332-f1167d093b45" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_ebf90f29-8109-4bfb-9c30-aa0115b3b7d6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquity"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_StockholdersEquity_ebf90f29-8109-4bfb-9c30-aa0115b3b7d6" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_621f134d-ea40-4c42-a84f-17505e9c43ee" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_NetIncomeLoss_621f134d-ea40-4c42-a84f-17505e9c43ee" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_8ff3184f-931c-4832-8a6e-25e70a52298f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_8ff3184f-931c-4832-8a6e-25e70a52298f" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_2aa4c83f-1e33-41e5-8d2f-fe96e6dc0922" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_2aa4c83f-1e33-41e5-8d2f-fe96e6dc0922" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_796172c2-b00b-4b76-83f0-b9b9cf3b043a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_796172c2-b00b-4b76-83f0-b9b9cf3b043a" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans_9da8f740-eb3a-4bd5-814a-fc098ddcc47e" xlink:href="rwt-20210331.xsd#rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans_9da8f740-eb3a-4bd5-814a-fc098ddcc47e" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans_5fadf627-a2b7-4069-8e07-ef7a66624630" xlink:href="rwt-20210331.xsd#rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans_5fadf627-a2b7-4069-8e07-ef7a66624630" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_f2ee8380-bc6e-4359-977f-cdc74ff75087" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_f2ee8380-bc6e-4359-977f-cdc74ff75087" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsCommonStock_40f51c6c-2520-4d37-8048-086c0459408d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DividendsCommonStock"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_DividendsCommonStock_40f51c6c-2520-4d37-8048-086c0459408d" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharesIssued_ad1ab49a-0c3c-4a5d-bad2-6b3c37679845" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharesIssued"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_3f1e586e-f01b-4654-af18-a72fda4436ef" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_a84b960b-2768-424e-a5cb-23037dc969b6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_629ef7cb-fb6c-4ee0-aee6-8afec5b531a4" xlink:to="loc_us-gaap_StatementTable_a84b960b-2768-424e-a5cb-23037dc969b6" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_1ee78b92-3a35-4795-91de-9d15b4500975" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_a84b960b-2768-424e-a5cb-23037dc969b6" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_1ee78b92-3a35-4795-91de-9d15b4500975" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_1ee78b92-3a35-4795-91de-9d15b4500975_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_1ee78b92-3a35-4795-91de-9d15b4500975" xlink:to="loc_us-gaap_EquityComponentDomain_1ee78b92-3a35-4795-91de-9d15b4500975_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_e835f358-7fd1-4c79-be6e-db0a37c5f1d9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_1ee78b92-3a35-4795-91de-9d15b4500975" xlink:to="loc_us-gaap_EquityComponentDomain_e835f358-7fd1-4c79-be6e-db0a37c5f1d9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_dfcc0ab6-6a3c-4c14-ba29-9ea3d6cbae65" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_e835f358-7fd1-4c79-be6e-db0a37c5f1d9" xlink:to="loc_us-gaap_CommonStockMember_dfcc0ab6-6a3c-4c14-ba29-9ea3d6cbae65" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_d71e47e8-afbc-4508-89bb-f37ad049a712" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_e835f358-7fd1-4c79-be6e-db0a37c5f1d9" xlink:to="loc_us-gaap_AdditionalPaidInCapitalMember_d71e47e8-afbc-4508-89bb-f37ad049a712" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_f9aeb4eb-61a9-4170-aadd-29e8e17bf409" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_e835f358-7fd1-4c79-be6e-db0a37c5f1d9" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_f9aeb4eb-61a9-4170-aadd-29e8e17bf409" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsMember_059af205-7f20-44fc-a683-e77de5d90225" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RetainedEarningsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_e835f358-7fd1-4c79-be6e-db0a37c5f1d9" xlink:to="loc_us-gaap_RetainedEarningsMember_059af205-7f20-44fc-a683-e77de5d90225" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember_25d9540b-5154-4ec4-85e6-8aecebfe0c41" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_e835f358-7fd1-4c79-be6e-db0a37c5f1d9" xlink:to="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember_25d9540b-5154-4ec4-85e6-8aecebfe0c41" xlink:type="arc" order="4"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITYParenthetical" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITYParenthetical"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITYParenthetical" xlink:type="extended" id="i118f170ccd6f401bbf93a213bc0a8e1f_CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITYParenthetical"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFCASHFLOWS"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS" xlink:type="extended" id="i84a582dd5db247beb31883d68346a7ee_CONSOLIDATEDSTATEMENTSOFCASHFLOWS"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWSPARENTHETICAL" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFCASHFLOWSPARENTHETICAL"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWSPARENTHETICAL" xlink:type="extended" id="i00f10c11dfb0410c8abc647ef3115948_CONSOLIDATEDSTATEMENTSOFCASHFLOWSPARENTHETICAL"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/Organization" xlink:type="simple" xlink:href="rwt-20210331.xsd#Organization"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/Organization" xlink:type="extended" id="i60ef10306390465a8587d4e2643f6f2c_Organization"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OrganizationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OrganizationDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/OrganizationDetails" xlink:type="extended" id="iee075ab765aa4ae894b1f9a7c0a67a5a_OrganizationDetails"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BasisofPresentation" xlink:type="simple" xlink:href="rwt-20210331.xsd#BasisofPresentation"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/BasisofPresentation" xlink:type="extended" id="ie1b56ff6db684203b05de569e37ce77f_BasisofPresentation"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BasisofPresentationTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#BasisofPresentationTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/BasisofPresentationTables" xlink:type="extended" id="id50299d538bb44898479fe4c0f447daa_BasisofPresentationTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#BasisofPresentationNarrativeDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails" xlink:type="extended" id="i5423f190f1dc4d4db4fb862f2b813fe5_BasisofPresentationNarrativeDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_9f259120-2376-4a6f-b71b-cfd56abca2b6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfPartnershipsConsolidated_86c64960-a11b-44ab-a04c-6057b8edc2dc" xlink:href="rwt-20210331.xsd#rwt_NumberOfPartnershipsConsolidated"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_9f259120-2376-4a6f-b71b-cfd56abca2b6" xlink:to="loc_rwt_NumberOfPartnershipsConsolidated_86c64960-a11b-44ab-a04c-6057b8edc2dc" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityOwnershipPercentage_8645a1ed-8161-48e4-b48d-4d8e98acae71" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityOwnershipPercentage"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_9f259120-2376-4a6f-b71b-cfd56abca2b6" xlink:to="loc_us-gaap_VariableInterestEntityOwnershipPercentage_8645a1ed-8161-48e4-b48d-4d8e98acae71" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_b3b452cb-56af-4b03-b4eb-264181c99975" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_9f259120-2376-4a6f-b71b-cfd56abca2b6" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_b3b452cb-56af-4b03-b4eb-264181c99975" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AmortizationofPurchaseRelatedIntangibleAssets_e617b726-dee0-4654-9a2f-6ef6fd4608ae" xlink:href="rwt-20210331.xsd#rwt_AmortizationofPurchaseRelatedIntangibleAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_9f259120-2376-4a6f-b71b-cfd56abca2b6" xlink:to="loc_rwt_AmortizationofPurchaseRelatedIntangibleAssets_e617b726-dee0-4654-9a2f-6ef6fd4608ae" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares_f846ff39-caa1-4ab9-b15b-1c151b21cf59" xlink:href="rwt-20210331.xsd#rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_9f259120-2376-4a6f-b71b-cfd56abca2b6" xlink:to="loc_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares_f846ff39-caa1-4ab9-b15b-1c151b21cf59" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities_0f41ad8f-b7f7-4c9b-a664-212d4ffe22b3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_9f259120-2376-4a6f-b71b-cfd56abca2b6" xlink:to="loc_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities_0f41ad8f-b7f7-4c9b-a664-212d4ffe22b3" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_6b2d83be-ea21-4cd8-854a-4a70d19774ab" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_9f259120-2376-4a6f-b71b-cfd56abca2b6" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_6b2d83be-ea21-4cd8-854a-4a70d19774ab" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_09961413-157d-4941-ab78-32e359d9be47" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_6b2d83be-ea21-4cd8-854a-4a70d19774ab" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_09961413-157d-4941-ab78-32e359d9be47" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_09961413-157d-4941-ab78-32e359d9be47_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_09961413-157d-4941-ab78-32e359d9be47" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_09961413-157d-4941-ab78-32e359d9be47_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_8beea834-293b-4bea-8a1a-0c8f9c2351f2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_09961413-157d-4941-ab78-32e359d9be47" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_8beea834-293b-4bea-8a1a-0c8f9c2351f2" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_A5ArchesLLCMember_2dcd9c59-f350-43c5-93c4-2088a4b81abc" xlink:href="rwt-20210331.xsd#rwt_A5ArchesLLCMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_8beea834-293b-4bea-8a1a-0c8f9c2351f2" xlink:to="loc_rwt_A5ArchesLLCMember_2dcd9c59-f350-43c5-93c4-2088a4b81abc" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CoreVestAmericanFinanceLenderLLCMember_1e4e63ae-4a68-49d0-9d42-905c6b753e13" xlink:href="rwt-20210331.xsd#rwt_CoreVestAmericanFinanceLenderLLCMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_8beea834-293b-4bea-8a1a-0c8f9c2351f2" xlink:to="loc_rwt_CoreVestAmericanFinanceLenderLLCMember_1e4e63ae-4a68-49d0-9d42-905c6b753e13" xlink:type="arc" order="1"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#BasisofPresentationIntangibleAssetsActivityDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails" xlink:type="extended" id="i4142b4f66621435f876362283b65a596_BasisofPresentationIntangibleAssetsActivityDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_3a3944d7-329e-4ebc-85b8-398911df87c4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_014158fc-c369-42b9-ad75-ccd2512453e4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_3a3944d7-329e-4ebc-85b8-398911df87c4" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsNet_014158fc-c369-42b9-ad75-ccd2512453e4" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_4459bacd-0362-447b-896d-579fff6ef336" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_3a3944d7-329e-4ebc-85b8-398911df87c4" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_4459bacd-0362-447b-896d-579fff6ef336" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_dd029669-bcd4-4f10-ad18-3a1dbc38cfce" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetUsefulLife_c6da3361-e70c-4b93-818e-5aae9b244f31" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetUsefulLife"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_3a3944d7-329e-4ebc-85b8-398911df87c4" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetUsefulLife_c6da3361-e70c-4b93-818e-5aae9b244f31" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_171a0b0e-0f19-498e-85e7-b2c257907d3b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_3a3944d7-329e-4ebc-85b8-398911df87c4" xlink:to="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_171a0b0e-0f19-498e-85e7-b2c257907d3b" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_278145ef-7a74-4946-bf89-b03b930d7fbe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_171a0b0e-0f19-498e-85e7-b2c257907d3b" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_278145ef-7a74-4946-bf89-b03b930d7fbe" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_278145ef-7a74-4946-bf89-b03b930d7fbe_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_278145ef-7a74-4946-bf89-b03b930d7fbe" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_278145ef-7a74-4946-bf89-b03b930d7fbe_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_0655aafb-ae33-4c83-ac5f-6658f60a4116" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_278145ef-7a74-4946-bf89-b03b930d7fbe" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_0655aafb-ae33-4c83-ac5f-6658f60a4116" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_A5ArchesLLCAndCoreVestMember_685cf037-a66d-4d85-beb8-ace7f94fe9b4" xlink:href="rwt-20210331.xsd#rwt_A5ArchesLLCAndCoreVestMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_0655aafb-ae33-4c83-ac5f-6658f60a4116" xlink:to="loc_rwt_A5ArchesLLCAndCoreVestMember_685cf037-a66d-4d85-beb8-ace7f94fe9b4" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_fa73925c-08ea-42f7-b56d-a7e0bedbc791" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_171a0b0e-0f19-498e-85e7-b2c257907d3b" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_fa73925c-08ea-42f7-b56d-a7e0bedbc791" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_fa73925c-08ea-42f7-b56d-a7e0bedbc791_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_fa73925c-08ea-42f7-b56d-a7e0bedbc791" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_fa73925c-08ea-42f7-b56d-a7e0bedbc791_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_e48df917-30ce-4cfd-8071-c61de34eff8a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_fa73925c-08ea-42f7-b56d-a7e0bedbc791" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_e48df917-30ce-4cfd-8071-c61de34eff8a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BorrowerNetworkMember_a8dbd640-7b51-442a-8630-5386f6991b24" xlink:href="rwt-20210331.xsd#rwt_BorrowerNetworkMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_e48df917-30ce-4cfd-8071-c61de34eff8a" xlink:to="loc_rwt_BorrowerNetworkMember_a8dbd640-7b51-442a-8630-5386f6991b24" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BrokerNetworkMember_ffae4afb-6796-4caa-bffa-e12df3456ece" xlink:href="rwt-20210331.xsd#rwt_BrokerNetworkMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_e48df917-30ce-4cfd-8071-c61de34eff8a" xlink:to="loc_rwt_BrokerNetworkMember_ffae4afb-6796-4caa-bffa-e12df3456ece" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncompeteAgreementsMember_e6bc353a-aeaa-4963-bdb6-ba24ecc8a6ba" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoncompeteAgreementsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_e48df917-30ce-4cfd-8071-c61de34eff8a" xlink:to="loc_us-gaap_NoncompeteAgreementsMember_e6bc353a-aeaa-4963-bdb6-ba24ecc8a6ba" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradeNamesMember_bf697f20-ea74-4d5f-95ef-51468194decc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradeNamesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_e48df917-30ce-4cfd-8071-c61de34eff8a" xlink:to="loc_us-gaap_TradeNamesMember_bf697f20-ea74-4d5f-95ef-51468194decc" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DevelopedTechnologyRightsMember_90beed64-d0c5-4395-9641-41a281d54918" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DevelopedTechnologyRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_e48df917-30ce-4cfd-8071-c61de34eff8a" xlink:to="loc_us-gaap_DevelopedTechnologyRightsMember_90beed64-d0c5-4395-9641-41a281d54918" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ManagementFeeOnExistingAssetsUnderManagementMember_b2130055-55f0-4c9d-9321-d92cafcbba83" xlink:href="rwt-20210331.xsd#rwt_ManagementFeeOnExistingAssetsUnderManagementMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_e48df917-30ce-4cfd-8071-c61de34eff8a" xlink:to="loc_rwt_ManagementFeeOnExistingAssetsUnderManagementMember_b2130055-55f0-4c9d-9321-d92cafcbba83" xlink:type="arc" order="5"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails" xlink:type="extended" id="i26b8afb45a8844b79a693f9b09e78e32_BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPolicies" xlink:type="simple" xlink:href="rwt-20210331.xsd#SummaryofSignificantAccountingPolicies"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPolicies" xlink:type="extended" id="iec703da6b87f4965a802641e17847f9e_SummaryofSignificantAccountingPolicies"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesPolicies" xlink:type="simple" xlink:href="rwt-20210331.xsd#SummaryofSignificantAccountingPoliciesPolicies"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesPolicies" xlink:type="extended" id="ib770a4e5d9a4485287c00efc486968dd_SummaryofSignificantAccountingPoliciesPolicies"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#SummaryofSignificantAccountingPoliciesTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesTables" xlink:type="extended" id="ia1b791a7e4ba44eb94dec71399a89acd_SummaryofSignificantAccountingPoliciesTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails" xlink:type="extended" id="iaa7e2ca916114dc9ae6ccb0e7b410091_SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails">
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OffsettingAssetAndLiabilitiesLineItems_d9558ec7-7681-4ef5-8dac-f370dc4177f7" xlink:href="rwt-20210331.xsd#rwt_OffsettingAssetAndLiabilitiesLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssetsAbstract_bf5e084c-12f1-42cb-81dd-82c78d21bc25" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssetsAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_OffsettingAssetAndLiabilitiesLineItems_d9558ec7-7681-4ef5-8dac-f370dc4177f7" xlink:to="loc_us-gaap_DerivativeAssetsAbstract_bf5e084c-12f1-42cb-81dd-82c78d21bc25" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeAsset_f0e53bcf-41cb-487b-9d7f-8ff50fe08ae3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeAsset"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeAssetsAbstract_bf5e084c-12f1-42cb-81dd-82c78d21bc25" xlink:to="loc_us-gaap_DerivativeFairValueOfDerivativeAsset_f0e53bcf-41cb-487b-9d7f-8ff50fe08ae3" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssetFairValueGrossLiability_77b54c70-c167-479f-9551-889e50be3b56" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssetFairValueGrossLiability"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeAssetsAbstract_bf5e084c-12f1-42cb-81dd-82c78d21bc25" xlink:to="loc_us-gaap_DerivativeAssetFairValueGrossLiability_77b54c70-c167-479f-9551-889e50be3b56" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets_3ddabf49-1849-42cb-9f16-de3b5b44f4e9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeAssetsAbstract_bf5e084c-12f1-42cb-81dd-82c78d21bc25" xlink:to="loc_us-gaap_DerivativeAssets_3ddabf49-1849-42cb-9f16-de3b5b44f4e9" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralObligationToReturnSecurities_132aa9f5-2ab8-49a7-93c8-0ced709af504" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralObligationToReturnSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeAssetsAbstract_bf5e084c-12f1-42cb-81dd-82c78d21bc25" xlink:to="loc_us-gaap_DerivativeCollateralObligationToReturnSecurities_132aa9f5-2ab8-49a7-93c8-0ced709af504" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralObligationToReturnCash_cf5f3f3e-4f25-4c27-a3d2-e1cc2fbc375c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralObligationToReturnCash"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeAssetsAbstract_bf5e084c-12f1-42cb-81dd-82c78d21bc25" xlink:to="loc_us-gaap_DerivativeCollateralObligationToReturnCash_cf5f3f3e-4f25-4c27-a3d2-e1cc2fbc375c" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_59df630d-b2e3-4feb-84d6-3b28ed62b6dd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeAssetsAbstract_bf5e084c-12f1-42cb-81dd-82c78d21bc25" xlink:to="loc_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_59df630d-b2e3-4feb-84d6-3b28ed62b6dd" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitiesAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_OffsettingAssetAndLiabilitiesLineItems_d9558ec7-7681-4ef5-8dac-f370dc4177f7" xlink:to="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeLiability_e0dac061-24ee-4ed7-800c-837c355bb693" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiability"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:to="loc_us-gaap_DerivativeFairValueOfDerivativeLiability_e0dac061-24ee-4ed7-800c-837c355bb693" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilityFairValueGrossAsset_64fad2b7-a142-4de9-a467-21d2dfe47316" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilityFairValueGrossAsset"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:to="loc_us-gaap_DerivativeLiabilityFairValueGrossAsset_64fad2b7-a142-4de9-a467-21d2dfe47316" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_de359fa2-c48a-4d90-baac-2cd7befea735" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:to="loc_us-gaap_DerivativeLiabilities_de359fa2-c48a-4d90-baac-2cd7befea735" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralRightToReclaimSecurities_17f36d9a-96cf-45e2-86ed-5a3a0d06d7b4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:to="loc_us-gaap_DerivativeCollateralRightToReclaimSecurities_17f36d9a-96cf-45e2-86ed-5a3a0d06d7b4" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralRightToReclaimCash_68c17ee1-ef49-4e3b-a8f7-60d213bf7708" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimCash"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:to="loc_us-gaap_DerivativeCollateralRightToReclaimCash_68c17ee1-ef49-4e3b-a8f7-60d213bf7708" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_3a47509e-1a7b-4270-a4aa-46402bc489b5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:to="loc_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_3a47509e-1a7b-4270-a4aa-46402bc489b5" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_51475bcd-42cb-40e7-ab37-6b75d7c42d97" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_51475bcd-42cb-40e7-ab37-6b75d7c42d97" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross_db8edc75-85f0-4d41-a50c-1d0deaa9fbbe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_51475bcd-42cb-40e7-ab37-6b75d7c42d97" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross_db8edc75-85f0-4d41-a50c-1d0deaa9fbbe" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset_9d65439e-a31f-40f8-a48e-52c2a71efa36" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_51475bcd-42cb-40e7-ab37-6b75d7c42d97" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset_9d65439e-a31f-40f8-a48e-52c2a71efa36" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_d540c7a9-9e79-40e2-ae70-8a43527593cf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchase"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_51475bcd-42cb-40e7-ab37-6b75d7c42d97" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_d540c7a9-9e79-40e2-ae70-8a43527593cf" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities_d3e17149-1ccd-4d88-a51e-368164c4d4c3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_51475bcd-42cb-40e7-ab37-6b75d7c42d97" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities_d3e17149-1ccd-4d88-a51e-368164c4d4c3" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash_4b9eb1cf-aa63-471a-8972-745261216040" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_51475bcd-42cb-40e7-ab37-6b75d7c42d97" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash_4b9eb1cf-aa63-471a-8972-745261216040" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral_75a508b6-ff49-4565-b268-311fa2642d84" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_51475bcd-42cb-40e7-ab37-6b75d7c42d97" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral_75a508b6-ff49-4565-b268-311fa2642d84" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_87aab59f-ca00-4eef-9e7b-b4f883a1ce59" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_87aab59f-ca00-4eef-9e7b-b4f883a1ce59" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross_29f51a71-bdf0-4923-84ab-b22f779495f7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_87aab59f-ca00-4eef-9e7b-b4f883a1ce59" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross_29f51a71-bdf0-4923-84ab-b22f779495f7" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset_bbb0ad53-7089-42ed-8846-3935b4f1de0c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_87aab59f-ca00-4eef-9e7b-b4f883a1ce59" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset_bbb0ad53-7089-42ed-8846-3935b4f1de0c" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned_a840fb04-554e-4609-91f6-071cde08caa3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_87aab59f-ca00-4eef-9e7b-b4f883a1ce59" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned_a840fb04-554e-4609-91f6-071cde08caa3" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities_f51b92a9-b2a9-4bb6-b0c5-5a08c40c3bec" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_87aab59f-ca00-4eef-9e7b-b4f883a1ce59" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities_f51b92a9-b2a9-4bb6-b0c5-5a08c40c3bec" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash_ec211595-5b52-4033-aea1-0a9ebcbc22cc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_87aab59f-ca00-4eef-9e7b-b4f883a1ce59" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash_ec211595-5b52-4033-aea1-0a9ebcbc22cc" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral_fa777a6c-cf6d-4980-a6db-613a281ded69" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_87aab59f-ca00-4eef-9e7b-b4f883a1ce59" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral_fa777a6c-cf6d-4980-a6db-613a281ded69" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OffsettingAssetAndLiabilitiesTable_6990e6e5-7c01-49d2-af78-df33a90bbcf1" xlink:href="rwt-20210331.xsd#rwt_OffsettingAssetAndLiabilitiesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_rwt_OffsettingAssetAndLiabilitiesLineItems_d9558ec7-7681-4ef5-8dac-f370dc4177f7" xlink:to="loc_rwt_OffsettingAssetAndLiabilitiesTable_6990e6e5-7c01-49d2-af78-df33a90bbcf1" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_3f057e76-fd27-41b9-8973-526567aeeaa8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_rwt_OffsettingAssetAndLiabilitiesTable_6990e6e5-7c01-49d2-af78-df33a90bbcf1" xlink:to="loc_us-gaap_FinancialInstrumentAxis_3f057e76-fd27-41b9-8973-526567aeeaa8" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_3f057e76-fd27-41b9-8973-526567aeeaa8_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_3f057e76-fd27-41b9-8973-526567aeeaa8" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_3f057e76-fd27-41b9-8973-526567aeeaa8_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2971f49d-dbc4-4a9b-9f55-8a4ea3fb0994" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_3f057e76-fd27-41b9-8973-526567aeeaa8" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2971f49d-dbc4-4a9b-9f55-8a4ea3fb0994" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwapMember_f6737a1d-8521-42be-a3e9-a2e3de7ae1ce" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestRateSwapMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2971f49d-dbc4-4a9b-9f55-8a4ea3fb0994" xlink:to="loc_us-gaap_InterestRateSwapMember_f6737a1d-8521-42be-a3e9-a2e3de7ae1ce" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ToBeAnnouncedContractsMember_f584690e-4044-4337-aad4-e5ae89a5ea8c" xlink:href="rwt-20210331.xsd#rwt_ToBeAnnouncedContractsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2971f49d-dbc4-4a9b-9f55-8a4ea3fb0994" xlink:to="loc_rwt_ToBeAnnouncedContractsMember_f584690e-4044-4337-aad4-e5ae89a5ea8c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FutureMember_6f55c803-d3f3-4403-9727-344098d099e9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FutureMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2971f49d-dbc4-4a9b-9f55-8a4ea3fb0994" xlink:to="loc_us-gaap_FutureMember_6f55c803-d3f3-4403-9727-344098d099e9" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestRateAgreementTBAsAndFuturesMember_8e6c1066-15ef-428b-8a3a-38f68cdc20fc" xlink:href="rwt-20210331.xsd#rwt_InterestRateAgreementTBAsAndFuturesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2971f49d-dbc4-4a9b-9f55-8a4ea3fb0994" xlink:to="loc_rwt_InterestRateAgreementTBAsAndFuturesMember_8e6c1066-15ef-428b-8a3a-38f68cdc20fc" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WarehouseAgreementBorrowingsMember_f01d73bd-6c60-422b-8369-f3eb4f264e33" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WarehouseAgreementBorrowingsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2971f49d-dbc4-4a9b-9f55-8a4ea3fb0994" xlink:to="loc_us-gaap_WarehouseAgreementBorrowingsMember_f01d73bd-6c60-422b-8369-f3eb4f264e33" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepurchaseAgreementsMember_a198ecc8-a4f3-4466-bbdd-f1e7ab40fa97" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepurchaseAgreementsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2971f49d-dbc4-4a9b-9f55-8a4ea3fb0994" xlink:to="loc_us-gaap_RepurchaseAgreementsMember_a198ecc8-a4f3-4466-bbdd-f1e7ab40fa97" xlink:type="arc" order="5"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidation" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidation"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidation" xlink:type="extended" id="i44f9394af9724697b4db317c08f5df05_PrinciplesofConsolidation"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationTables" xlink:type="extended" id="i47546371931c457ba2e7543eaa506105_PrinciplesofConsolidationTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationAdditionalInformationDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails" xlink:type="extended" id="ibf2aae8f31c24d939e973b65b9b625fc_PrinciplesofConsolidationAdditionalInformationDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsNet_2d0883a8-b719-44d1-9662-69e507932fff" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_us-gaap_AssetsNet_2d0883a8-b719-44d1-9662-69e507932fff" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfPartnershipsConsolidated_3f19aa13-2c92-4f7a-bb74-341577c66ca0" xlink:href="rwt-20210331.xsd#rwt_NumberOfPartnershipsConsolidated"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_rwt_NumberOfPartnershipsConsolidated_3f19aa13-2c92-4f7a-bb74-341577c66ca0" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityOwnershipPercentage_1a3cc2c7-ce8b-427b-a166-a05f81cf5f41" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityOwnershipPercentage"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_us-gaap_VariableInterestEntityOwnershipPercentage_1a3cc2c7-ce8b-427b-a166-a05f81cf5f41" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_f2f2a9d8-a453-4a7e-bbe6-7309bde23915" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_us-gaap_ServicingAssetAtFairValueAmount_f2f2a9d8-a453-4a7e-bbe6-7309bde23915" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost_d9dfe15e-5b9e-4951-b336-9e93045f395a" xlink:href="rwt-20210331.xsd#rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost_d9dfe15e-5b9e-4951-b336-9e93045f395a" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred_eeece583-a7ee-4ebe-b6d3-8146fe575afe" xlink:href="rwt-20210331.xsd#rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred_eeece583-a7ee-4ebe-b6d3-8146fe575afe" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased_cbdd1238-9911-479d-a842-0525701652cb" xlink:href="rwt-20210331.xsd#rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased_cbdd1238-9911-479d-a842-0525701652cb" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnSecuritizationOfFinancialAssets_000cbd52-234d-4909-ac64-8c807e9192d3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainLossOnSecuritizationOfFinancialAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_us-gaap_GainLossOnSecuritizationOfFinancialAssets_000cbd52-234d-4909-ac64-8c807e9192d3" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansHeldForSaleFairValueDisclosure_3154c1c5-5b74-4cdc-a305-561964a90b62" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansHeldForSaleFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_us-gaap_LoansHeldForSaleFairValueDisclosure_3154c1c5-5b74-4cdc-a305-561964a90b62" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_2e5da91c-342a-47f7-93cb-46583ab33de7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_2e5da91c-342a-47f7-93cb-46583ab33de7" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_39878a94-985f-43f2-8047-0b2c7cf2d443" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_2e5da91c-342a-47f7-93cb-46583ab33de7" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_39878a94-985f-43f2-8047-0b2c7cf2d443" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_39878a94-985f-43f2-8047-0b2c7cf2d443_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_39878a94-985f-43f2-8047-0b2c7cf2d443" xlink:to="loc_us-gaap_RelatedPartyDomain_39878a94-985f-43f2-8047-0b2c7cf2d443_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_42d92888-f315-470a-a81e-918275c090c9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_39878a94-985f-43f2-8047-0b2c7cf2d443" xlink:to="loc_us-gaap_RelatedPartyDomain_42d92888-f315-470a-a81e-918275c090c9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_092020e6-669c-4642-8661-25c3e2ee27e9" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_42d92888-f315-470a-a81e-918275c090c9" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_092020e6-669c-4642-8661-25c3e2ee27e9" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_645f8008-7af4-4db5-bc98-755c85e5b856" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_42d92888-f315-470a-a81e-918275c090c9" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_645f8008-7af4-4db5-bc98-755c85e5b856" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_0d7b70ca-c613-48a4-85c3-238fff050eb0" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_42d92888-f315-470a-a81e-918275c090c9" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_0d7b70ca-c613-48a4-85c3-238fff050eb0" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_f31b14de-3b24-4cdf-a7f6-b674df7011c4" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_42d92888-f315-470a-a81e-918275c090c9" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_f31b14de-3b24-4cdf-a7f6-b674df7011c4" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_30e213e4-8036-444d-b60e-2c24bfcb05ec" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_42d92888-f315-470a-a81e-918275c090c9" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_30e213e4-8036-444d-b60e-2c24bfcb05ec" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessServicingEntitiesMember_e09b15bf-810b-475e-9088-348940bb523f" xlink:href="rwt-20210331.xsd#rwt_ExcessServicingEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_42d92888-f315-470a-a81e-918275c090c9" xlink:to="loc_rwt_ExcessServicingEntitiesMember_e09b15bf-810b-475e-9088-348940bb523f" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_2886efe6-b839-407e-8cb4-7edb4f85f59c" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_2e5da91c-342a-47f7-93cb-46583ab33de7" xlink:to="loc_srt_ConsolidatedEntitiesAxis_2886efe6-b839-407e-8cb4-7edb4f85f59c" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_2886efe6-b839-407e-8cb4-7edb4f85f59c_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidatedEntitiesAxis_2886efe6-b839-407e-8cb4-7edb4f85f59c" xlink:to="loc_srt_ConsolidatedEntitiesDomain_2886efe6-b839-407e-8cb4-7edb4f85f59c_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_df8e6793-6a01-4ba4-86f1-e072a30d177a" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidatedEntitiesAxis_2886efe6-b839-407e-8cb4-7edb4f85f59c" xlink:to="loc_srt_ConsolidatedEntitiesDomain_df8e6793-6a01-4ba4-86f1-e072a30d177a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_0810e92a-52bf-46e4-af6a-52a8881a922e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_df8e6793-6a01-4ba4-86f1-e072a30d177a" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_0810e92a-52bf-46e4-af6a-52a8881a922e" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_9ddaca52-fe6c-422f-becb-9f7ca613a8b8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_df8e6793-6a01-4ba4-86f1-e072a30d177a" xlink:to="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_9ddaca52-fe6c-422f-becb-9f7ca613a8b8" xlink:type="arc" order="1"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails" xlink:type="extended" id="i33f4780237214a778c6566b57261fd1e_PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_2e2b06fd-5be1-4ecd-9da8-b0782399c048" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_NotesReceivableNet_2e2b06fd-5be1-4ecd-9da8-b0782399c048" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestments_b542fdf1-d0c2-4750-84da-7b8c946bbd5f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherInvestments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_OtherInvestments_b542fdf1-d0c2-4750-84da-7b8c946bbd5f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_42c10468-d694-4d6f-928a-c4a9e502c3f7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_42c10468-d694-4d6f-928a-c4a9e502c3f7" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents_c5ab9cb1-51ab-42e6-804b-bbead134bb87" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalents_c5ab9cb1-51ab-42e6-804b-bbead134bb87" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestReceivable_638a05d4-5597-4824-aab3-451ecfb56882" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestReceivable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_InterestReceivable_638a05d4-5597-4824-aab3-451ecfb56882" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets_514ec377-62e8-42c7-83e3-23691884dd2d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_OtherAssets_514ec377-62e8-42c7-83e3-23691884dd2d" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_d6f79397-371e-4f9a-9994-64bba2d2dc68" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Assets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_Assets_d6f79397-371e-4f9a-9994-64bba2d2dc68" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermBorrowings_c5f04786-77d5-4a45-8fee-594852238176" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermBorrowings"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_ShortTermBorrowings_c5f04786-77d5-4a45-8fee-594852238176" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPayableCurrentAndNoncurrent_eb02dc7d-63f3-42b2-8e88-814277824664" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestPayableCurrentAndNoncurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_InterestPayableCurrentAndNoncurrent_eb02dc7d-63f3-42b2-8e88-814277824664" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_2ce00679-cd38-4a03-9fa9-9cd9a271ce72" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_2ce00679-cd38-4a03-9fa9-9cd9a271ce72" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuredDebt_d96a796c-b696-4c6f-8d80-17a546c942c2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuredDebt"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_SecuredDebt_d96a796c-b696-4c6f-8d80-17a546c942c2" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_1abf7f0f-a43b-4e22-9e72-e4c32d3d61a3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Liabilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_Liabilities_1abf7f0f-a43b-4e22-9e72-e4c32d3d61a3" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated_a5dd2801-bd15-492f-9f6d-893d461628a1" xlink:href="rwt-20210331.xsd#rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated_a5dd2801-bd15-492f-9f6d-893d461628a1" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_16a0957e-9c90-4793-afa7-874234a4bb31" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_16a0957e-9c90-4793-afa7-874234a4bb31" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_4c2badea-7538-4ee1-958d-6f41c45a5adc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_16a0957e-9c90-4793-afa7-874234a4bb31" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_4c2badea-7538-4ee1-958d-6f41c45a5adc" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_4c2badea-7538-4ee1-958d-6f41c45a5adc_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_4c2badea-7538-4ee1-958d-6f41c45a5adc" xlink:to="loc_us-gaap_RelatedPartyDomain_4c2badea-7538-4ee1-958d-6f41c45a5adc_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_15fe6ed9-41e2-4983-a5e7-ee8969bed991" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_4c2badea-7538-4ee1-958d-6f41c45a5adc" xlink:to="loc_us-gaap_RelatedPartyDomain_15fe6ed9-41e2-4983-a5e7-ee8969bed991" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_0730db2c-4515-4ab6-a6c9-d56b22c42ad2" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_15fe6ed9-41e2-4983-a5e7-ee8969bed991" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_0730db2c-4515-4ab6-a6c9-d56b22c42ad2" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_c0f764fc-a6c7-4ada-b55f-2a2782f27700" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_15fe6ed9-41e2-4983-a5e7-ee8969bed991" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_c0f764fc-a6c7-4ada-b55f-2a2782f27700" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_44d7b2dd-7cfe-478d-92d5-0d1d833244cc" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_15fe6ed9-41e2-4983-a5e7-ee8969bed991" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_44d7b2dd-7cfe-478d-92d5-0d1d833244cc" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_1e61487a-ecc3-4601-a509-96dac37ac9fa" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_15fe6ed9-41e2-4983-a5e7-ee8969bed991" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_1e61487a-ecc3-4601-a509-96dac37ac9fa" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_8013eacc-0608-439e-908e-7465966aee1c" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_15fe6ed9-41e2-4983-a5e7-ee8969bed991" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_8013eacc-0608-439e-908e-7465966aee1c" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessServicingEntitiesMember_04c15622-70fe-4866-8650-8d99196c881e" xlink:href="rwt-20210331.xsd#rwt_ExcessServicingEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_15fe6ed9-41e2-4983-a5e7-ee8969bed991" xlink:to="loc_rwt_ExcessServicingEntitiesMember_04c15622-70fe-4866-8650-8d99196c881e" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_df245e4c-8e69-4ca8-b04e-886dcf770892" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_16a0957e-9c90-4793-afa7-874234a4bb31" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_df245e4c-8e69-4ca8-b04e-886dcf770892" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_df245e4c-8e69-4ca8-b04e-886dcf770892_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_df245e4c-8e69-4ca8-b04e-886dcf770892" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_df245e4c-8e69-4ca8-b04e-886dcf770892_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f05e5f98-3533-451a-b8df-df49b0e81a2e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_df245e4c-8e69-4ca8-b04e-886dcf770892" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f05e5f98-3533-451a-b8df-df49b0e81a2e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentMember_d1b2314d-bb90-49cf-9c57-94bcdc86887c" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f05e5f98-3533-451a-b8df-df49b0e81a2e" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentMember_d1b2314d-bb90-49cf-9c57-94bcdc86887c" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember_276da8c9-fbe9-4592-80da-d7bb154f4530" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f05e5f98-3533-451a-b8df-df49b0e81a2e" xlink:to="loc_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember_276da8c9-fbe9-4592-80da-d7bb154f4530" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansHeldforInvestmentMember_cf90b674-ed79-4bfd-abe9-79dd915c92c6" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansHeldforInvestmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f05e5f98-3533-451a-b8df-df49b0e81a2e" xlink:to="loc_rwt_MultifamilyLoansHeldforInvestmentMember_cf90b674-ed79-4bfd-abe9-79dd915c92c6" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_2363ff98-58f6-4e34-b769-049f8cf40c1f" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_16a0957e-9c90-4793-afa7-874234a4bb31" xlink:to="loc_srt_ConsolidatedEntitiesAxis_2363ff98-58f6-4e34-b769-049f8cf40c1f" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_2363ff98-58f6-4e34-b769-049f8cf40c1f_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidatedEntitiesAxis_2363ff98-58f6-4e34-b769-049f8cf40c1f" xlink:to="loc_srt_ConsolidatedEntitiesDomain_2363ff98-58f6-4e34-b769-049f8cf40c1f_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_9292256a-3735-4bfc-9553-8422a40c2f81" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidatedEntitiesAxis_2363ff98-58f6-4e34-b769-049f8cf40c1f" xlink:to="loc_srt_ConsolidatedEntitiesDomain_9292256a-3735-4bfc-9553-8422a40c2f81" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_6d1ace43-bd6f-479a-a6a4-2be54873692e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_9292256a-3735-4bfc-9553-8422a40c2f81" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_6d1ace43-bd6f-479a-a6a4-2be54873692e" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails" xlink:type="extended" id="i25ec43a80c414ee9b3ca04a5d41c4671_PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperating_bd2344ca-b593-4680-baa3-88ce07496e43" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:to="loc_us-gaap_InterestAndDividendIncomeOperating_bd2344ca-b593-4680-baa3-88ce07496e43" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_cd374b49-72d7-4898-a315-9b74bffc9b47" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:to="loc_us-gaap_InterestExpense_cd374b49-72d7-4898-a315-9b74bffc9b47" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeExpenseNet_5612d8e5-b7e9-475b-9c49-497725f7c27f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeExpenseNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:to="loc_us-gaap_InterestIncomeExpenseNet_5612d8e5-b7e9-475b-9c49-497725f7c27f" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnInvestments_786493ef-afaf-4a6d-a2fa-d1f5d789e932" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:to="loc_us-gaap_UnrealizedGainLossOnInvestments_786493ef-afaf-4a6d-a2fa-d1f5d789e932" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoninterestIncome_b5d3482e-f550-4be9-b8fb-d3f3da2ab405" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoninterestIncome"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:to="loc_us-gaap_NoninterestIncome_b5d3482e-f550-4be9-b8fb-d3f3da2ab405" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_e975847b-f220-44f0-8604-c3d60ad06226" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_e975847b-f220-44f0-8604-c3d60ad06226" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonrecurringIncomeExpense_b5e82be4-6aa4-47cd-ae2e-a70c19d1bbba" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherNonrecurringIncomeExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:to="loc_us-gaap_OtherNonrecurringIncomeExpense_b5e82be4-6aa4-47cd-ae2e-a70c19d1bbba" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_8526854a-d832-422d-ad77-ae26e8ccd7f2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:to="loc_us-gaap_NetIncomeLoss_8526854a-d832-422d-ad77-ae26e8ccd7f2" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_b80ca7d5-6225-456c-b3a3-070b4c1a81fa" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_b80ca7d5-6225-456c-b3a3-070b4c1a81fa" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_b628db05-7002-4c17-9000-bbaa6cd7f12f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_b80ca7d5-6225-456c-b3a3-070b4c1a81fa" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_b628db05-7002-4c17-9000-bbaa6cd7f12f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_b628db05-7002-4c17-9000-bbaa6cd7f12f_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_b628db05-7002-4c17-9000-bbaa6cd7f12f" xlink:to="loc_us-gaap_RelatedPartyDomain_b628db05-7002-4c17-9000-bbaa6cd7f12f_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_688134a8-e578-425e-90f4-cdd88fd9e120" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_b628db05-7002-4c17-9000-bbaa6cd7f12f" xlink:to="loc_us-gaap_RelatedPartyDomain_688134a8-e578-425e-90f4-cdd88fd9e120" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_6a3917f9-3537-4bbb-a7f8-c434f155b0b3" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_688134a8-e578-425e-90f4-cdd88fd9e120" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_6a3917f9-3537-4bbb-a7f8-c434f155b0b3" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_f7d5e18f-eedc-4ffe-8069-6f041d8713b1" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_688134a8-e578-425e-90f4-cdd88fd9e120" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_f7d5e18f-eedc-4ffe-8069-6f041d8713b1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_bc58edc6-833e-4d3e-9818-bad30cc6caa2" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_688134a8-e578-425e-90f4-cdd88fd9e120" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_bc58edc6-833e-4d3e-9818-bad30cc6caa2" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_fae5c299-beb5-4455-9e3e-a419bff7b943" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_688134a8-e578-425e-90f4-cdd88fd9e120" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_fae5c299-beb5-4455-9e3e-a419bff7b943" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_d40ebe43-5adb-473c-b285-c8a85a91816c" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_688134a8-e578-425e-90f4-cdd88fd9e120" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_d40ebe43-5adb-473c-b285-c8a85a91816c" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessServicingEntitiesMember_4a2a6b8d-aaae-4b4d-bea1-3c5e77e5d1a7" xlink:href="rwt-20210331.xsd#rwt_ExcessServicingEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_688134a8-e578-425e-90f4-cdd88fd9e120" xlink:to="loc_rwt_ExcessServicingEntitiesMember_4a2a6b8d-aaae-4b4d-bea1-3c5e77e5d1a7" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_e965c8a7-8fe8-4dcd-a625-8076bafe7395" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_b80ca7d5-6225-456c-b3a3-070b4c1a81fa" xlink:to="loc_srt_ConsolidatedEntitiesAxis_e965c8a7-8fe8-4dcd-a625-8076bafe7395" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_e965c8a7-8fe8-4dcd-a625-8076bafe7395_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidatedEntitiesAxis_e965c8a7-8fe8-4dcd-a625-8076bafe7395" xlink:to="loc_srt_ConsolidatedEntitiesDomain_e965c8a7-8fe8-4dcd-a625-8076bafe7395_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_26d24824-921d-4d7f-b666-b25729fdc5cd" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidatedEntitiesAxis_e965c8a7-8fe8-4dcd-a625-8076bafe7395" xlink:to="loc_srt_ConsolidatedEntitiesDomain_26d24824-921d-4d7f-b666-b25729fdc5cd" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3b7a0fd1-55cc-4623-a3ef-f4e0e8febebe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_26d24824-921d-4d7f-b666-b25729fdc5cd" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3b7a0fd1-55cc-4623-a3ef-f4e0e8febebe" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="extended" id="i1d8ad15a3b364d1e88978f9d07e61d27_PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_14fe9c7b-1147-461d-bfe8-725f287d495a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod_7a7fcd88-39ba-497f-92ca-ecc97a87a4db" xlink:href="rwt-20210331.xsd#rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_14fe9c7b-1147-461d-bfe8-725f287d495a" xlink:to="loc_rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod_7a7fcd88-39ba-497f-92ca-ecc97a87a4db" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SecuritiesRetainedAtFairValueDuringPeriod_db744f52-4aaf-41bf-993a-56df247503fa" xlink:href="rwt-20210331.xsd#rwt_SecuritiesRetainedAtFairValueDuringPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_14fe9c7b-1147-461d-bfe8-725f287d495a" xlink:to="loc_rwt_SecuritiesRetainedAtFairValueDuringPeriod_db744f52-4aaf-41bf-993a-56df247503fa" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_21039a0e-372b-4453-8f70-0b5ec29cd1ab" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_14fe9c7b-1147-461d-bfe8-725f287d495a" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_21039a0e-372b-4453-8f70-0b5ec29cd1ab" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_a6a1f15a-a446-400f-86fa-27cf5a979395" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_21039a0e-372b-4453-8f70-0b5ec29cd1ab" xlink:to="loc_us-gaap_InvestmentTypeAxis_a6a1f15a-a446-400f-86fa-27cf5a979395" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_a6a1f15a-a446-400f-86fa-27cf5a979395_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_InvestmentTypeAxis_a6a1f15a-a446-400f-86fa-27cf5a979395" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_a6a1f15a-a446-400f-86fa-27cf5a979395_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_c44522d7-716c-48b1-b285-60ea31eff074" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_InvestmentTypeAxis_a6a1f15a-a446-400f-86fa-27cf5a979395" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_c44522d7-716c-48b1-b285-60ea31eff074" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TradingSecuritiesMember_7866ca11-756f-4dda-b687-a65bf9949cc8" xlink:href="rwt-20210331.xsd#rwt_TradingSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_c44522d7-716c-48b1-b285-60ea31eff074" xlink:to="loc_rwt_TradingSecuritiesMember_7866ca11-756f-4dda-b687-a65bf9949cc8" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableforsaleSecuritiesMember_e1bde0e1-6230-4170-b7bc-f424ba4bc3a6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableforsaleSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_c44522d7-716c-48b1-b285-60ea31eff074" xlink:to="loc_us-gaap_AvailableforsaleSecuritiesMember_e1bde0e1-6230-4170-b7bc-f424ba4bc3a6" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_5a0a6f9d-7296-41ab-8fb2-aed8620f4e58" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_21039a0e-372b-4453-8f70-0b5ec29cd1ab" xlink:to="loc_srt_ConsolidatedEntitiesAxis_5a0a6f9d-7296-41ab-8fb2-aed8620f4e58" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_5a0a6f9d-7296-41ab-8fb2-aed8620f4e58_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidatedEntitiesAxis_5a0a6f9d-7296-41ab-8fb2-aed8620f4e58" xlink:to="loc_srt_ConsolidatedEntitiesDomain_5a0a6f9d-7296-41ab-8fb2-aed8620f4e58_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_b40fd668-83c7-43bc-a95f-51a80679da56" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidatedEntitiesAxis_5a0a6f9d-7296-41ab-8fb2-aed8620f4e58" xlink:to="loc_srt_ConsolidatedEntitiesDomain_b40fd668-83c7-43bc-a95f-51a80679da56" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_7167bebb-c5b1-4e7d-843f-bb1502bfc4b8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_b40fd668-83c7-43bc-a95f-51a80679da56" xlink:to="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_7167bebb-c5b1-4e7d-843f-bb1502bfc4b8" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="extended" id="ib97d3b86f4b64763b3d53aa141155620_PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_62ba10d2-44da-44f0-afd8-34c2f17fd147" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers_3e28c20d-949a-42e1-b4bd-6482ce9e42f8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_62ba10d2-44da-44f0-afd8-34c2f17fd147" xlink:to="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers_3e28c20d-949a-42e1-b4bd-6482ce9e42f8" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_c48d7456-28c7-4ebb-a94f-789b4096777c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_62ba10d2-44da-44f0-afd8-34c2f17fd147" xlink:to="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_c48d7456-28c7-4ebb-a94f-789b4096777c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances_6cae950d-a180-41ea-a216-a99ebdf7356b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_62ba10d2-44da-44f0-afd8-34c2f17fd147" xlink:to="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances_6cae950d-a180-41ea-a216-a99ebdf7356b" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest_718b57d4-61bf-4297-b208-7f9409ede666" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_62ba10d2-44da-44f0-afd8-34c2f17fd147" xlink:to="loc_us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest_718b57d4-61bf-4297-b208-7f9409ede666" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_9bdd615f-8ec8-4970-8775-83dc24dec18f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_62ba10d2-44da-44f0-afd8-34c2f17fd147" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_9bdd615f-8ec8-4970-8775-83dc24dec18f" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_9ffd8886-bd8a-4838-9a6b-1ab33ac326c3" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_9bdd615f-8ec8-4970-8775-83dc24dec18f" xlink:to="loc_srt_ConsolidatedEntitiesAxis_9ffd8886-bd8a-4838-9a6b-1ab33ac326c3" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_9ffd8886-bd8a-4838-9a6b-1ab33ac326c3_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidatedEntitiesAxis_9ffd8886-bd8a-4838-9a6b-1ab33ac326c3" xlink:to="loc_srt_ConsolidatedEntitiesDomain_9ffd8886-bd8a-4838-9a6b-1ab33ac326c3_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_a2073780-e2e6-4aa2-8d56-a7dde0bef1b1" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidatedEntitiesAxis_9ffd8886-bd8a-4838-9a6b-1ab33ac326c3" xlink:to="loc_srt_ConsolidatedEntitiesDomain_a2073780-e2e6-4aa2-8d56-a7dde0bef1b1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_c1ba020a-8379-419b-b2a4-df9419c43d79" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_a2073780-e2e6-4aa2-8d56-a7dde0bef1b1" xlink:to="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_c1ba020a-8379-419b-b2a4-df9419c43d79" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="extended" id="if27b4f95bae2402d9f9e3d090f02ab58_PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems_3a792f83-af8c-4377-93c6-d9282535579a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed_ed45a265-7784-483b-a6a5-250b308ecdc2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems_3a792f83-af8c-4377-93c6-d9282535579a" xlink:to="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed_ed45a265-7784-483b-a6a5-250b308ecdc2" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate_2f2eb5b0-345e-46b6-9035-c9e9e9010faf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems_3a792f83-af8c-4377-93c6-d9282535579a" xlink:to="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate_2f2eb5b0-345e-46b6-9035-c9e9e9010faf" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses_86760d03-fb0c-4cac-bb73-a7a80ef8e252" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems_3a792f83-af8c-4377-93c6-d9282535579a" xlink:to="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses_86760d03-fb0c-4cac-bb73-a7a80ef8e252" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_f8d07140-771c-4fb1-a052-6ab3edc714df" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems_3a792f83-af8c-4377-93c6-d9282535579a" xlink:to="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_f8d07140-771c-4fb1-a052-6ab3edc714df" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_de75ed46-2bd1-4402-b54c-899ed5f0e52d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_f8d07140-771c-4fb1-a052-6ab3edc714df" xlink:to="loc_us-gaap_FinancialInstrumentAxis_de75ed46-2bd1-4402-b54c-899ed5f0e52d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_de75ed46-2bd1-4402-b54c-899ed5f0e52d_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_de75ed46-2bd1-4402-b54c-899ed5f0e52d" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_de75ed46-2bd1-4402-b54c-899ed5f0e52d_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4b080b45-0630-4616-991d-44fbdd06667d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_de75ed46-2bd1-4402-b54c-899ed5f0e52d" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4b080b45-0630-4616-991d-44fbdd06667d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorSecuritiesMember_3036cea1-e9d2-466a-a43d-e2da181868fb" xlink:href="rwt-20210331.xsd#rwt_SeniorSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4b080b45-0630-4616-991d-44fbdd06667d" xlink:to="loc_rwt_SeniorSecuritiesMember_3036cea1-e9d2-466a-a43d-e2da181868fb" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SubordinateSecuritiesMember_fe5b88a1-1df4-4ca3-8d7b-0f25cab43bb8" xlink:href="rwt-20210331.xsd#rwt_SubordinateSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4b080b45-0630-4616-991d-44fbdd06667d" xlink:to="loc_rwt_SubordinateSecuritiesMember_fe5b88a1-1df4-4ca3-8d7b-0f25cab43bb8" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_f34f4b73-663c-4004-95ad-ee57e4ec7ffe" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_f8d07140-771c-4fb1-a052-6ab3edc714df" xlink:to="loc_srt_ConsolidatedEntitiesAxis_f34f4b73-663c-4004-95ad-ee57e4ec7ffe" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_f34f4b73-663c-4004-95ad-ee57e4ec7ffe_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidatedEntitiesAxis_f34f4b73-663c-4004-95ad-ee57e4ec7ffe" xlink:to="loc_srt_ConsolidatedEntitiesDomain_f34f4b73-663c-4004-95ad-ee57e4ec7ffe_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_dc4ef185-0246-40ab-8654-f5309e1eec2e" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidatedEntitiesAxis_f34f4b73-663c-4004-95ad-ee57e4ec7ffe" xlink:to="loc_srt_ConsolidatedEntitiesDomain_dc4ef185-0246-40ab-8654-f5309e1eec2e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_38474455-9076-47a9-be8e-fe99c7a66611" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_dc4ef185-0246-40ab-8654-f5309e1eec2e" xlink:to="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_38474455-9076-47a9-be8e-fe99c7a66611" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="extended" id="i72d13c21257740859ea574381834dda5_PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_838a8061-6bd0-4cfa-92a4-cd7ffbef04c9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsFairValueDisclosureAbstract_50c3cdd5-d325-41c1-b7b7-3826f6507834" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsFairValueDisclosureAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_838a8061-6bd0-4cfa-92a4-cd7ffbef04c9" xlink:to="loc_us-gaap_AssetsFairValueDisclosureAbstract_50c3cdd5-d325-41c1-b7b7-3826f6507834" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecuritiesDebt_5954952c-6c2e-410a-ace7-056ea2bc8eee" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradingSecuritiesDebt"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_50c3cdd5-d325-41c1-b7b7-3826f6507834" xlink:to="loc_us-gaap_TradingSecuritiesDebt_5954952c-6c2e-410a-ace7-056ea2bc8eee" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_87bfea9c-9da3-4a97-bbde-ffdc425ceb04" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_50c3cdd5-d325-41c1-b7b7-3826f6507834" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_87bfea9c-9da3-4a97-bbde-ffdc425ceb04" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_67d7954b-e932-4fec-a83b-b7da39b56486" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_50c3cdd5-d325-41c1-b7b7-3826f6507834" xlink:to="loc_us-gaap_ServicingAssetAtFairValueAmount_67d7954b-e932-4fec-a83b-b7da39b56486" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_f8f86a5f-766f-4956-ad55-9e7b9bd6e979" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_50c3cdd5-d325-41c1-b7b7-3826f6507834" xlink:to="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_f8f86a5f-766f-4956-ad55-9e7b9bd6e979" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract_fa8465cd-eb8d-4815-94a2-810a778224e9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_838a8061-6bd0-4cfa-92a4-cd7ffbef04c9" xlink:to="loc_us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract_fa8465cd-eb8d-4815-94a2-810a778224e9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding_0019c7c3-7b47-4e51-b3c3-807f627f3c44" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract_fa8465cd-eb8d-4815-94a2-810a778224e9" xlink:to="loc_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding_0019c7c3-7b47-4e51-b3c3-807f627f3c44" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod_24282990-8412-4d12-adfd-2f60cbcb6639" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract_fa8465cd-eb8d-4815-94a2-810a778224e9" xlink:to="loc_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod_24282990-8412-4d12-adfd-2f60cbcb6639" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_5d1306f0-e17a-431e-80fe-ce662ebf89f6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_838a8061-6bd0-4cfa-92a4-cd7ffbef04c9" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_5d1306f0-e17a-431e-80fe-ce662ebf89f6" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_dd75cc78-aac3-4855-b76d-1a7d6d8ef4a5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_5d1306f0-e17a-431e-80fe-ce662ebf89f6" xlink:to="loc_us-gaap_InvestmentTypeAxis_dd75cc78-aac3-4855-b76d-1a7d6d8ef4a5" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_dd75cc78-aac3-4855-b76d-1a7d6d8ef4a5_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_InvestmentTypeAxis_dd75cc78-aac3-4855-b76d-1a7d6d8ef4a5" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_dd75cc78-aac3-4855-b76d-1a7d6d8ef4a5_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_f3323aee-115e-447c-9c00-6df9cb010258" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_InvestmentTypeAxis_dd75cc78-aac3-4855-b76d-1a7d6d8ef4a5" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_f3323aee-115e-447c-9c00-6df9cb010258" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestOnlyStripAndSeniorSecuritiesMember_b2df1bd1-ede7-46e0-9f29-d932e544e119" xlink:href="rwt-20210331.xsd#rwt_InterestOnlyStripAndSeniorSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f3323aee-115e-447c-9c00-6df9cb010258" xlink:to="loc_rwt_InterestOnlyStripAndSeniorSecuritiesMember_b2df1bd1-ede7-46e0-9f29-d932e544e119" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorAndSubordinatedSecuritiesMember_f04fe5ce-a823-429d-ad5c-c3380d003b18" xlink:href="rwt-20210331.xsd#rwt_SeniorAndSubordinatedSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f3323aee-115e-447c-9c00-6df9cb010258" xlink:to="loc_rwt_SeniorAndSubordinatedSecuritiesMember_f04fe5ce-a823-429d-ad5c-c3380d003b18" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_67a4e432-3208-402b-83a5-fe9cc5b870b3" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f3323aee-115e-447c-9c00-6df9cb010258" xlink:to="loc_rwt_MortgageServicingRightsMember_67a4e432-3208-402b-83a5-fe9cc5b870b3" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_c5cfc563-a5fe-4f64-a6ba-ff5974eb74f8" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_5d1306f0-e17a-431e-80fe-ce662ebf89f6" xlink:to="loc_srt_ConsolidatedEntitiesAxis_c5cfc563-a5fe-4f64-a6ba-ff5974eb74f8" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_c5cfc563-a5fe-4f64-a6ba-ff5974eb74f8_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidatedEntitiesAxis_c5cfc563-a5fe-4f64-a6ba-ff5974eb74f8" xlink:to="loc_srt_ConsolidatedEntitiesDomain_c5cfc563-a5fe-4f64-a6ba-ff5974eb74f8_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_76f3efe7-0f95-47aa-8a6e-bb19d16d0424" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidatedEntitiesAxis_c5cfc563-a5fe-4f64-a6ba-ff5974eb74f8" xlink:to="loc_srt_ConsolidatedEntitiesDomain_76f3efe7-0f95-47aa-8a6e-bb19d16d0424" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_3db5ad82-fe40-472b-9e8a-bec1a0aa5523" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_76f3efe7-0f95-47aa-8a6e-bb19d16d0424" xlink:to="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_3db5ad82-fe40-472b-9e8a-bec1a0aa5523" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="extended" id="ie5ea910ea8f147128d00b0fb2ad1e182_PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_c4cca3fd-e096-4dda-9531-b9f7d75e41c3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestsContinuedToBeHeldByTransferorFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_c4cca3fd-e096-4dda-9531-b9f7d75e41c3" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1_6de42ad8-3be8-4608-b478-f1c0b17cc2a4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1_6de42ad8-3be8-4608-b478-f1c0b17cc2a4" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent_6462e66a-4227-4dd2-9662-2f6964c75f99" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent_6462e66a-4227-4dd2-9662-2f6964c75f99" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract_89f82bab-101e-401c-a405-79a7fed0c43e" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract_89f82bab-101e-401c-a405-79a7fed0c43e" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed_69932bab-e507-4dcb-b1a0-5509418a8984" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract_89f82bab-101e-401c-a405-79a7fed0c43e" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed_69932bab-e507-4dcb-b1a0-5509418a8984" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed_836c8a98-df2d-4898-aeaf-9ba1f296ca8b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract_89f82bab-101e-401c-a405-79a7fed0c43e" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed_836c8a98-df2d-4898-aeaf-9ba1f296ca8b" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent_cf8d62dd-a6f3-41ea-868a-0d1797f8a635" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent_cf8d62dd-a6f3-41ea-868a-0d1797f8a635" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract_b6fdfe3f-7a67-4f19-a5d7-2a8ead597166" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract_b6fdfe3f-7a67-4f19-a5d7-2a8ead597166" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate_f9edfcde-7108-416b-a1ca-0daee945b904" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract_b6fdfe3f-7a67-4f19-a5d7-2a8ead597166" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate_f9edfcde-7108-416b-a1ca-0daee945b904" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate_b510a5d7-20ff-4598-9eab-f4aacf4a6215" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract_b6fdfe3f-7a67-4f19-a5d7-2a8ead597166" xlink:to="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate_b510a5d7-20ff-4598-9eab-f4aacf4a6215" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent_b7a58990-2c68-4d08-b723-4bab32c742cf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent_b7a58990-2c68-4d08-b723-4bab32c742cf" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract_b0b940f3-567a-4486-b17e-abe25037423e" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract_b0b940f3-567a-4486-b17e-abe25037423e" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses_f6a1d34c-966d-4a79-b333-e67691fc6506" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract_b0b940f3-567a-4486-b17e-abe25037423e" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses_f6a1d34c-966d-4a79-b333-e67691fc6506" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss_c9df5419-4835-4286-bc06-f9abeb8f88bc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract_b0b940f3-567a-4486-b17e-abe25037423e" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss_c9df5419-4835-4286-bc06-f9abeb8f88bc" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent_44e4ce64-c0e0-4777-9b52-2b405cc9ffda" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent_44e4ce64-c0e0-4777-9b52-2b405cc9ffda" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent_b7cd8997-b2a4-43f3-8aa3-61b738f63097" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent_b7cd8997-b2a4-43f3-8aa3-61b738f63097" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent_62b83bbe-38b4-41d3-a8a2-ca45c1d9dd78" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent_62b83bbe-38b4-41d3-a8a2-ca45c1d9dd78" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_69a13a97-55a7-415a-abae-80bb986177ce" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_69a13a97-55a7-415a-abae-80bb986177ce" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_b99acb7b-62f7-46f1-9812-1813222b4459" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_69a13a97-55a7-415a-abae-80bb986177ce" xlink:to="loc_srt_RangeAxis_b99acb7b-62f7-46f1-9812-1813222b4459" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_b99acb7b-62f7-46f1-9812-1813222b4459_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_RangeAxis_b99acb7b-62f7-46f1-9812-1813222b4459" xlink:to="loc_srt_RangeMember_b99acb7b-62f7-46f1-9812-1813222b4459_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_1c417b35-a633-4d67-99c3-46e22b4aa28f" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_RangeAxis_b99acb7b-62f7-46f1-9812-1813222b4459" xlink:to="loc_srt_RangeMember_1c417b35-a633-4d67-99c3-46e22b4aa28f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_a7ea52ed-5f7e-4119-a6d9-b01ea736c9f5" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MinimumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_1c417b35-a633-4d67-99c3-46e22b4aa28f" xlink:to="loc_srt_MinimumMember_a7ea52ed-5f7e-4119-a6d9-b01ea736c9f5" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_dd7e048f-3ddc-4c99-8a58-b85b1569cb8b" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MaximumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_1c417b35-a633-4d67-99c3-46e22b4aa28f" xlink:to="loc_srt_MaximumMember_dd7e048f-3ddc-4c99-8a58-b85b1569cb8b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_4af447a2-01af-44a0-b96f-6025f3ee10c7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_69a13a97-55a7-415a-abae-80bb986177ce" xlink:to="loc_us-gaap_FinancialInstrumentAxis_4af447a2-01af-44a0-b96f-6025f3ee10c7" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4af447a2-01af-44a0-b96f-6025f3ee10c7_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_4af447a2-01af-44a0-b96f-6025f3ee10c7" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4af447a2-01af-44a0-b96f-6025f3ee10c7_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2924cf04-5963-448d-bf7c-d3936330ff4c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_4af447a2-01af-44a0-b96f-6025f3ee10c7" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2924cf04-5963-448d-bf7c-d3936330ff4c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_409f0704-03f1-4332-a563-56d193dd18e8" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2924cf04-5963-448d-bf7c-d3936330ff4c" xlink:to="loc_rwt_MortgageServicingRightsMember_409f0704-03f1-4332-a563-56d193dd18e8" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorSecuritiesMember_698fa039-bf58-4757-bdb5-b74ce476a790" xlink:href="rwt-20210331.xsd#rwt_SeniorSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2924cf04-5963-448d-bf7c-d3936330ff4c" xlink:to="loc_rwt_SeniorSecuritiesMember_698fa039-bf58-4757-bdb5-b74ce476a790" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SubordinateSecuritiesMember_32d9dfbc-d9da-42d7-8f67-113e666fd9cd" xlink:href="rwt-20210331.xsd#rwt_SubordinateSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2924cf04-5963-448d-bf7c-d3936330ff4c" xlink:to="loc_rwt_SubordinateSecuritiesMember_32d9dfbc-d9da-42d7-8f67-113e666fd9cd" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_22930c90-ff47-4e72-9360-eb4525996e0e" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_69a13a97-55a7-415a-abae-80bb986177ce" xlink:to="loc_srt_ConsolidatedEntitiesAxis_22930c90-ff47-4e72-9360-eb4525996e0e" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_22930c90-ff47-4e72-9360-eb4525996e0e_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidatedEntitiesAxis_22930c90-ff47-4e72-9360-eb4525996e0e" xlink:to="loc_srt_ConsolidatedEntitiesDomain_22930c90-ff47-4e72-9360-eb4525996e0e_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_7d1497fa-a37c-450f-9ad1-eae69736dffe" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidatedEntitiesAxis_22930c90-ff47-4e72-9360-eb4525996e0e" xlink:to="loc_srt_ConsolidatedEntitiesDomain_7d1497fa-a37c-450f-9ad1-eae69736dffe" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_ce70775d-7e1a-44ff-ac71-f71e27149946" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_7d1497fa-a37c-450f-9ad1-eae69736dffe" xlink:to="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_ce70775d-7e1a-44ff-ac71-f71e27149946" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails" xlink:type="extended" id="i5bbe52d3b63e4a05a23ff56e0d6b47e4_PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_b5a5df68-d266-4a03-b6c6-dcd091f3c416" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarketableSecurities_b2f4e921-6ae4-4eab-84b7-fd1ea5fa84d8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarketableSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_b5a5df68-d266-4a03-b6c6-dcd091f3c416" xlink:to="loc_us-gaap_MarketableSecurities_b2f4e921-6ae4-4eab-84b7-fd1ea5fa84d8" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e1f26b43-ae84-436d-8757-ec4fd26aa331" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_b5a5df68-d266-4a03-b6c6-dcd091f3c416" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e1f26b43-ae84-436d-8757-ec4fd26aa331" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_62ba987c-2868-4214-8ed5-0742ecd15cd8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e1f26b43-ae84-436d-8757-ec4fd26aa331" xlink:to="loc_us-gaap_FinancialInstrumentAxis_62ba987c-2868-4214-8ed5-0742ecd15cd8" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_62ba987c-2868-4214-8ed5-0742ecd15cd8_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_62ba987c-2868-4214-8ed5-0742ecd15cd8" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_62ba987c-2868-4214-8ed5-0742ecd15cd8_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_acc8a17d-8fb1-4fcd-b271-6e5e73d0f70c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_62ba987c-2868-4214-8ed5-0742ecd15cd8" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_acc8a17d-8fb1-4fcd-b271-6e5e73d0f70c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentMember_e72ece0d-3c0d-4477-b295-16246080a426" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateInvestmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_acc8a17d-8fb1-4fcd-b271-6e5e73d0f70c" xlink:to="loc_us-gaap_RealEstateInvestmentMember_e72ece0d-3c0d-4477-b295-16246080a426" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_ba49516c-d352-4a12-b6dc-42a9c5715981" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e1f26b43-ae84-436d-8757-ec4fd26aa331" xlink:to="loc_us-gaap_InvestmentTypeAxis_ba49516c-d352-4a12-b6dc-42a9c5715981" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_ba49516c-d352-4a12-b6dc-42a9c5715981_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_InvestmentTypeAxis_ba49516c-d352-4a12-b6dc-42a9c5715981" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_ba49516c-d352-4a12-b6dc-42a9c5715981_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_f3045cfd-b75c-4441-a50a-4c534b0deac9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_InvestmentTypeAxis_ba49516c-d352-4a12-b6dc-42a9c5715981" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_f3045cfd-b75c-4441-a50a-4c534b0deac9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorSecuritiesMember_d54b18bb-d6ba-4e25-95a7-48dc96ed08d1" xlink:href="rwt-20210331.xsd#rwt_SeniorSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f3045cfd-b75c-4441-a50a-4c534b0deac9" xlink:to="loc_rwt_SeniorSecuritiesMember_d54b18bb-d6ba-4e25-95a7-48dc96ed08d1" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember_e2c3e1d7-47dd-4585-8021-d257600c5fcf" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesPrimeMezzanineMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f3045cfd-b75c-4441-a50a-4c534b0deac9" xlink:to="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember_e2c3e1d7-47dd-4585-8021-d257600c5fcf" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SubordinateSecuritiesMember_09fdd33e-a1a4-4ece-951a-13580d03b1a0" xlink:href="rwt-20210331.xsd#rwt_SubordinateSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f3045cfd-b75c-4441-a50a-4c534b0deac9" xlink:to="loc_rwt_SubordinateSecuritiesMember_09fdd33e-a1a4-4ece-951a-13580d03b1a0" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_0d915ff3-2294-4ada-8087-d95aa14f4da2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageBackedSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f3045cfd-b75c-4441-a50a-4c534b0deac9" xlink:to="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_0d915ff3-2294-4ada-8087-d95aa14f4da2" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_dc5fc445-8673-4989-8d5d-26c259fac7f9" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f3045cfd-b75c-4441-a50a-4c534b0deac9" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_dc5fc445-8673-4989-8d5d-26c259fac7f9" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_82daed9b-4104-4031-be27-ba662be01c0b" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e1f26b43-ae84-436d-8757-ec4fd26aa331" xlink:to="loc_srt_ConsolidatedEntitiesAxis_82daed9b-4104-4031-be27-ba662be01c0b" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_82daed9b-4104-4031-be27-ba662be01c0b_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidatedEntitiesAxis_82daed9b-4104-4031-be27-ba662be01c0b" xlink:to="loc_srt_ConsolidatedEntitiesDomain_82daed9b-4104-4031-be27-ba662be01c0b_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_b70751ef-c3e9-41df-9616-ed0779f017d9" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidatedEntitiesAxis_82daed9b-4104-4031-be27-ba662be01c0b" xlink:to="loc_srt_ConsolidatedEntitiesDomain_b70751ef-c3e9-41df-9616-ed0779f017d9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_c9cb05e5-c6da-45bc-a3ad-9e4d36cd1bf9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_b70751ef-c3e9-41df-9616-ed0779f017d9" xlink:to="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_c9cb05e5-c6da-45bc-a3ad-9e4d36cd1bf9" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstruments" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstruments"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstruments" xlink:type="extended" id="iaf7c3716c9dd4f14b8f039e91646d226_FairValueofFinancialInstruments"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsTables" xlink:type="extended" id="i14cbadcc5acb4815b84a9e16d2e655ba_FairValueofFinancialInstrumentsTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails" xlink:type="extended" id="i7b7326d160134ec98246d51d42d60694_FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_5c89cfa8-3729-41b0-a6eb-381b65521119" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_5c89cfa8-3729-41b0-a6eb-381b65521119" xlink:to="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansHeldForSaleFairValueDisclosure_24242ab0-d7f2-486c-8500-019261cb6b64" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansHeldForSaleFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_LoansHeldForSaleFairValueDisclosure_24242ab0-d7f2-486c-8500-019261cb6b64" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansReceivableFairValueDisclosure_05535818-ef11-4011-a4d3-c2a4c01caf3c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_LoansReceivableFairValueDisclosure_05535818-ef11-4011-a4d3-c2a4c01caf3c" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecurities_09d6d2d5-750c-4c45-b82d-e489bcceb840" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradingSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_TradingSecurities_09d6d2d5-750c-4c45-b82d-e489bcceb840" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_0e84ef20-0ae6-41b0-8b40-b5323e6bbde5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_ServicingAssetAtFairValueAmount_0e84ef20-0ae6-41b0-8b40-b5323e6bbde5" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsFairValueDisclosure_f64dce5a-57f0-4b24-93d5-b335156c78fd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssetsFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_OtherAssetsFairValueDisclosure_f64dce5a-57f0-4b24-93d5-b335156c78fd" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanHeldForInvestmentAmount_0d053153-614f-4031-90d8-186d8d370edd" xlink:href="rwt-20210331.xsd#rwt_LoanHeldForInvestmentAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_rwt_LoanHeldForInvestmentAmount_0d053153-614f-4031-90d8-186d8d370edd" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_296bc401-75d7-44fe-9324-7f024115e6c9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_296bc401-75d7-44fe-9324-7f024115e6c9" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure_277a0cc0-13ed-4142-a0ef-13a716de62da" xlink:href="rwt-20210331.xsd#rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure_277a0cc0-13ed-4142-a0ef-13a716de62da" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets_0da4ddf2-5477-41df-8db0-07849920a63d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_DerivativeAssets_0da4ddf2-5477-41df-8db0-07849920a63d" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableFairValueDisclosure_8b10d9ff-f8e3-4890-8dd0-7cae626590a8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsReceivableFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_AccountsReceivableFairValueDisclosure_8b10d9ff-f8e3-4890-8dd0-7cae626590a8" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure_27f2aed8-fc3e-4238-bdca-70d2fdb98abe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure_27f2aed8-fc3e-4238-bdca-70d2fdb98abe" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue_357124e4-d9dc-4365-b33a-e448d61eaaa9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue_357124e4-d9dc-4365-b33a-e448d61eaaa9" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_5c89cfa8-3729-41b0-a6eb-381b65521119" xlink:to="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShorttermDebtFairValue_4c82866e-8d86-47bb-897b-a656a8fd0eea" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShorttermDebtFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_us-gaap_ShorttermDebtFairValue_4c82866e-8d86-47bb-897b-a656a8fd0eea" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MarginPayableFairValueDisclosure_7a11eaec-f798-4660-af89-b5e6c473e586" xlink:href="rwt-20210331.xsd#rwt_MarginPayableFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_rwt_MarginPayableFairValueDisclosure_7a11eaec-f798-4660-af89-b5e6c473e586" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GuaranteesFairValueDisclosure_170c12fa-6c2d-407c-baf8-73111a04c551" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GuaranteesFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_us-gaap_GuaranteesFairValueDisclosure_170c12fa-6c2d-407c-baf8-73111a04c551" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_e2d08b0d-8f01-4be1-8602-037e74f3ec7f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_us-gaap_DerivativeLiabilities_e2d08b0d-8f01-4be1-8602-037e74f3ec7f" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFairValue_729ed208-df09-4f59-9a11-a60ef4dde71c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_us-gaap_DebtInstrumentFairValue_729ed208-df09-4f59-9a11-a60ef4dde71c" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost_8acf8abc-ef91-4d60-92b7-059526c83352" xlink:href="rwt-20210331.xsd#rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost_8acf8abc-ef91-4d60-92b7-059526c83352" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure_d2f79471-2bf4-4bb8-b4fc-0c165b0d4356" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure_d2f79471-2bf4-4bb8-b4fc-0c165b0d4356" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations_f25f3b88-5432-49ac-a3eb-07a0e5c99fea" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations_f25f3b88-5432-49ac-a3eb-07a0e5c99fea" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtFairValueDisclosures_02dd365a-f3e6-4fca-9aa8-7a086fcfad9e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConvertibleDebtFairValueDisclosures"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_us-gaap_ConvertibleDebtFairValueDisclosures_02dd365a-f3e6-4fca-9aa8-7a086fcfad9e" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure_aae9f881-919e-4b5f-a660-c59f795b86b7" xlink:href="rwt-20210331.xsd#rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure_aae9f881-919e-4b5f-a660-c59f795b86b7" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTable_19225588-d8fa-4a48-99e7-40c18e2bfa00" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_5c89cfa8-3729-41b0-a6eb-381b65521119" xlink:to="loc_us-gaap_FairValueByBalanceSheetGroupingTable_19225588-d8fa-4a48-99e7-40c18e2bfa00" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_32f1f17f-a16f-492c-86ce-66edf00d0390" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_19225588-d8fa-4a48-99e7-40c18e2bfa00" xlink:to="loc_us-gaap_InvestmentTypeAxis_32f1f17f-a16f-492c-86ce-66edf00d0390" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_32f1f17f-a16f-492c-86ce-66edf00d0390_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_InvestmentTypeAxis_32f1f17f-a16f-492c-86ce-66edf00d0390" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_32f1f17f-a16f-492c-86ce-66edf00d0390_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_c9491b9c-064f-4e80-8884-6e0e8ae8c32e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_InvestmentTypeAxis_32f1f17f-a16f-492c-86ce-66edf00d0390" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_c9491b9c-064f-4e80-8884-6e0e8ae8c32e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionMember_3f4b531d-fd60-4cb6-a15c-a9ea44762cc7" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_c9491b9c-064f-4e80-8884-6e0e8ae8c32e" xlink:to="loc_rwt_HomeAppreciationOptionMember_3f4b531d-fd60-4cb6-a15c-a9ea44762cc7" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByMeasurementBasisAxis_a8d18cd9-ca9e-4a32-b156-42fb0d6c51a6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_19225588-d8fa-4a48-99e7-40c18e2bfa00" xlink:to="loc_us-gaap_FairValueByMeasurementBasisAxis_a8d18cd9-ca9e-4a32-b156-42fb0d6c51a6" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_a8d18cd9-ca9e-4a32-b156-42fb0d6c51a6_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByMeasurementBasisAxis_a8d18cd9-ca9e-4a32-b156-42fb0d6c51a6" xlink:to="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_a8d18cd9-ca9e-4a32-b156-42fb0d6c51a6_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosureItemAmountsDomain_553a2a58-72f4-4060-9782-a9e0b695b143" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByMeasurementBasisAxis_a8d18cd9-ca9e-4a32-b156-42fb0d6c51a6" xlink:to="loc_us-gaap_FairValueDisclosureItemAmountsDomain_553a2a58-72f4-4060-9782-a9e0b695b143" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_2d8a0b90-73e4-4145-af6a-8aabba9cc667" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_553a2a58-72f4-4060-9782-a9e0b695b143" xlink:to="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_2d8a0b90-73e4-4145-af6a-8aabba9cc667" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_94ece1a6-6c0d-4b92-b5f9-7446652e53bc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_553a2a58-72f4-4060-9782-a9e0b695b143" xlink:to="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_94ece1a6-6c0d-4b92-b5f9-7446652e53bc" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_1f502bd2-719b-49e5-b296-5c70973737bb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_553a2a58-72f4-4060-9782-a9e0b695b143" xlink:to="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_1f502bd2-719b-49e5-b296-5c70973737bb" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_924f0580-7227-45a3-b11a-cef2b8348522" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_19225588-d8fa-4a48-99e7-40c18e2bfa00" xlink:to="loc_us-gaap_FinancialInstrumentAxis_924f0580-7227-45a3-b11a-cef2b8348522" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_924f0580-7227-45a3-b11a-cef2b8348522_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_924f0580-7227-45a3-b11a-cef2b8348522" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_924f0580-7227-45a3-b11a-cef2b8348522_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_823ef919-bfd1-4db7-9cfa-e90ed66c385e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_924f0580-7227-45a3-b11a-cef2b8348522" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_823ef919-bfd1-4db7-9cfa-e90ed66c385e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageMember_31bc24da-51b5-44e8-89a3-f3a204a90fc9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_823ef919-bfd1-4db7-9cfa-e90ed66c385e" xlink:to="loc_us-gaap_ResidentialMortgageMember_31bc24da-51b5-44e8-89a3-f3a204a90fc9" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7b3320b1-e04e-42fe-969e-528cad631e33" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_19225588-d8fa-4a48-99e7-40c18e2bfa00" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7b3320b1-e04e-42fe-969e-528cad631e33" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_7b3320b1-e04e-42fe-969e-528cad631e33_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7b3320b1-e04e-42fe-969e-528cad631e33" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_7b3320b1-e04e-42fe-969e-528cad631e33_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7b3320b1-e04e-42fe-969e-528cad631e33" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansAtFairValueMember_60ff8786-7e1e-42f2-ae4c-b022e533ca8a" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_ResidentialLoansAtFairValueMember_60ff8786-7e1e-42f2-ae4c-b022e533ca8a" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_c4b30cb9-d35d-4a5c-a8a0-be689332c813" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_c4b30cb9-d35d-4a5c-a8a0-be689332c813" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansHeldforSaleMember_c54f0cbe-7168-47f7-8796-d191be523709" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansHeldforSaleMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_BusinessPurposeResidentialLoansHeldforSaleMember_c54f0cbe-7168-47f7-8796-d191be523709" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember_b78969e6-9c3b-4f79-8ce0-0603b60d2f4c" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember_b78969e6-9c3b-4f79-8ce0-0603b60d2f4c" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansMember_92793e69-2d83-4341-8ed4-203be84a7e85" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_MultifamilyLoansMember_92793e69-2d83-4341-8ed4-203be84a7e85" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceInvestmentsMember_696ed590-8e05-485a-918f-73488bd2337b" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceInvestmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_ServicerAdvanceInvestmentsMember_696ed590-8e05-485a-918f-73488bd2337b" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_ba8a5d96-3c8a-4eaa-8325-4327384fa6f7" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_MortgageServicingRightsMember_ba8a5d96-3c8a-4eaa-8325-4327384fa6f7" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_79407605-e7c9-42ff-a82b-df987dd76b2b" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_79407605-e7c9-42ff-a82b-df987dd76b2b" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherRealEstateOwnedMember_dd70c94d-1a88-4fcc-9112-b810ac7f4d8a" xlink:href="rwt-20210331.xsd#rwt_OtherRealEstateOwnedMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_OtherRealEstateOwnedMember_dd70c94d-1a88-4fcc-9112-b810ac7f4d8a" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_3ad8345c-b0a1-42eb-871d-83899901617a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_us-gaap_LineOfCreditMember_3ad8345c-b0a1-42eb-871d-83899901617a" xlink:type="arc" order="9"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsAdditionalInformationDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails" xlink:type="extended" id="i0c4a1da1d8254b79988d34d50bbe5ce3_FairValueofFinancialInstrumentsAdditionalInformationDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_803a0bc6-77c3-4398-8b83-17f934280f76" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod_c1f9f30b-e044-49f2-b60e-24dbf63e0f72" xlink:href="rwt-20210331.xsd#rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_803a0bc6-77c3-4398-8b83-17f934280f76" xlink:to="loc_rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod_c1f9f30b-e044-49f2-b60e-24dbf63e0f72" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_0e29c2c0-269a-44ae-a708-39165f74cb12" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_803a0bc6-77c3-4398-8b83-17f934280f76" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_0e29c2c0-269a-44ae-a708-39165f74cb12" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_f95d2f0b-7a8a-4770-b58f-416931cdd038" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_0e29c2c0-269a-44ae-a708-39165f74cb12" xlink:to="loc_us-gaap_FinancialInstrumentAxis_f95d2f0b-7a8a-4770-b58f-416931cdd038" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f95d2f0b-7a8a-4770-b58f-416931cdd038_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_f95d2f0b-7a8a-4770-b58f-416931cdd038" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f95d2f0b-7a8a-4770-b58f-416931cdd038_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9c722949-2094-49e1-911b-802db3f0e5de" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_f95d2f0b-7a8a-4770-b58f-416931cdd038" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9c722949-2094-49e1-911b-802db3f0e5de" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceInvestmentsMember_a73e67db-34e0-4d41-9827-fbfeda9ca06c" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceInvestmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9c722949-2094-49e1-911b-802db3f0e5de" xlink:to="loc_rwt_ServicerAdvanceInvestmentsMember_a73e67db-34e0-4d41-9827-fbfeda9ca06c" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_f14e257c-8430-4062-8ccc-3d20196de8b8" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9c722949-2094-49e1-911b-802db3f0e5de" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_f14e257c-8430-4062-8ccc-3d20196de8b8" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionMember_fa432395-f22a-41ff-be8e-6ec9dd58568d" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9c722949-2094-49e1-911b-802db3f0e5de" xlink:to="loc_rwt_HomeAppreciationOptionMember_fa432395-f22a-41ff-be8e-6ec9dd58568d" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_1ad8caae-e157-4eb4-83c9-01a7c9ca4998" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_0e29c2c0-269a-44ae-a708-39165f74cb12" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_1ad8caae-e157-4eb4-83c9-01a7c9ca4998" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1ad8caae-e157-4eb4-83c9-01a7c9ca4998_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_1ad8caae-e157-4eb4-83c9-01a7c9ca4998" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1ad8caae-e157-4eb4-83c9-01a7c9ca4998_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1e79b048-5fa2-44bc-876b-ab81001c83fd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_1ad8caae-e157-4eb4-83c9-01a7c9ca4998" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1e79b048-5fa2-44bc-876b-ab81001c83fd" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SecuritiesMember_c7e8c2dc-f243-4c15-8539-d821cbaeaed2" xlink:href="rwt-20210331.xsd#rwt_SecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1e79b048-5fa2-44bc-876b-ab81001c83fd" xlink:to="loc_rwt_SecuritiesMember_c7e8c2dc-f243-4c15-8539-d821cbaeaed2" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansMember_13836890-22d4-46f0-9bad-d71c6ec78106" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1e79b048-5fa2-44bc-876b-ab81001c83fd" xlink:to="loc_rwt_ResidentialLoansMember_13836890-22d4-46f0-9bad-d71c6ec78106" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansMember_5d256b87-bbbb-49e9-9ea8-6e45eca37213" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1e79b048-5fa2-44bc-876b-ab81001c83fd" xlink:to="loc_rwt_BusinessPurposeResidentialLoansMember_5d256b87-bbbb-49e9-9ea8-6e45eca37213" xlink:type="arc" order="2"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails" xlink:type="extended" id="ifba9cd01deba46f492027643edb40e41_FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_75d450e6-6f4d-4b2c-b2d4-0436a40b3637" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsFairValueDisclosureAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_75d450e6-6f4d-4b2c-b2d4-0436a40b3637" xlink:to="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesFairValueDisclosure_94d8e7bb-4a34-4e7c-b9e7-c0912f9d4d18" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_us-gaap_ReceivablesFairValueDisclosure_94d8e7bb-4a34-4e7c-b9e7-c0912f9d4d18" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeLoansFairValueDisclosure_2f4e55a1-4e6c-4783-b581-79b83053f79b" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeLoansFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_rwt_BusinessPurposeLoansFairValueDisclosure_2f4e55a1-4e6c-4783-b581-79b83053f79b" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansFairValueDisclosure_3b136db0-fe5f-4caa-971e-e92e09990de6" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_rwt_MultifamilyLoansFairValueDisclosure_3b136db0-fe5f-4caa-971e-e92e09990de6" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecurities_f686a7e5-0409-4b8f-9856-856c565043da" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradingSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_us-gaap_TradingSecurities_f686a7e5-0409-4b8f-9856-856c565043da" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceInvestments_4a6d6121-0c5d-4a79-8324-f6961750bc43" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceInvestments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_rwt_ServicerAdvanceInvestments_4a6d6121-0c5d-4a79-8324-f6961750bc43" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_6a4fe732-81e7-44dc-9c94-1a4fff4cc744" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_us-gaap_ServicingAssetAtFairValueAmount_6a4fe732-81e7-44dc-9c94-1a4fff4cc744" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsIOs_e31f904c-45d8-4a74-8f9a-7588ad224272" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsIOs"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_rwt_ExcessMortgageServicingRightsIOs_e31f904c-45d8-4a74-8f9a-7588ad224272" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionsFairvalueDisclosure_81afe8d6-7294-4f1a-9c85-41d305d9379e" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionsFairvalueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_rwt_HomeAppreciationOptionsFairvalueDisclosure_81afe8d6-7294-4f1a-9c85-41d305d9379e" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets_e4b64bfc-8a44-408b-82f7-41fa15921c12" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_us-gaap_DerivativeAssets_e4b64bfc-8a44-408b-82f7-41fa15921c12" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue_61b24b78-5321-4332-a0a9-64cd1d1cfae8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue_61b24b78-5321-4332-a0a9-64cd1d1cfae8" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure_6c95775c-ba72-4a13-bc54-58c8ecccee95" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure_6c95775c-ba72-4a13-bc54-58c8ecccee95" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_a10187bf-3304-4172-8e9b-4f76ca38ae31" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosureAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_75d450e6-6f4d-4b2c-b2d4-0436a40b3637" xlink:to="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_a10187bf-3304-4172-8e9b-4f76ca38ae31" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_13196259-2114-49cd-9c03-f9f290074e2e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_a10187bf-3304-4172-8e9b-4f76ca38ae31" xlink:to="loc_us-gaap_DerivativeLiabilities_13196259-2114-49cd-9c03-f9f290074e2e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFairValue_19e8c039-9a7a-4596-8cfb-337888739205" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_a10187bf-3304-4172-8e9b-4f76ca38ae31" xlink:to="loc_us-gaap_DebtInstrumentFairValue_19e8c039-9a7a-4596-8cfb-337888739205" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_4f7d2844-9832-4848-99a7-7bf5ffbcdc17" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_75d450e6-6f4d-4b2c-b2d4-0436a40b3637" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_4f7d2844-9832-4848-99a7-7bf5ffbcdc17" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_83476330-485b-497c-bf78-4604dce470ac" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_4f7d2844-9832-4848-99a7-7bf5ffbcdc17" xlink:to="loc_us-gaap_FairValueByMeasurementFrequencyAxis_83476330-485b-497c-bf78-4604dce470ac" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_83476330-485b-497c-bf78-4604dce470ac_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_83476330-485b-497c-bf78-4604dce470ac" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_83476330-485b-497c-bf78-4604dce470ac_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_36a51cb6-28fa-43a4-890a-ba6cc6aba627" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_83476330-485b-497c-bf78-4604dce470ac" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_36a51cb6-28fa-43a4-890a-ba6cc6aba627" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember_1ef14e3b-cc4e-4589-b116-8d5d0e9f8acc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueMeasurementFrequencyDomain_36a51cb6-28fa-43a4-890a-ba6cc6aba627" xlink:to="loc_us-gaap_FairValueMeasurementsRecurringMember_1ef14e3b-cc4e-4589-b116-8d5d0e9f8acc" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_45b8ebca-9ccd-4ad4-88e3-672c31c9a5c6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_4f7d2844-9832-4848-99a7-7bf5ffbcdc17" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_45b8ebca-9ccd-4ad4-88e3-672c31c9a5c6" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_45b8ebca-9ccd-4ad4-88e3-672c31c9a5c6_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_45b8ebca-9ccd-4ad4-88e3-672c31c9a5c6" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_45b8ebca-9ccd-4ad4-88e3-672c31c9a5c6_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_a930a714-4f0b-4f8c-bb8c-97db83822e81" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_45b8ebca-9ccd-4ad4-88e3-672c31c9a5c6" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_a930a714-4f0b-4f8c-bb8c-97db83822e81" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_cadec4a8-1bad-49ea-a502-c530cd693a29" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel1Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_a930a714-4f0b-4f8c-bb8c-97db83822e81" xlink:to="loc_us-gaap_FairValueInputsLevel1Member_cadec4a8-1bad-49ea-a502-c530cd693a29" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_eb7bfb07-01aa-4f8e-8ae6-4818965cf30e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel2Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_a930a714-4f0b-4f8c-bb8c-97db83822e81" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_eb7bfb07-01aa-4f8e-8ae6-4818965cf30e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_f9435b28-e689-43bb-ab81-1e80b9676d68" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel3Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_a930a714-4f0b-4f8c-bb8c-97db83822e81" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_f9435b28-e689-43bb-ab81-1e80b9676d68" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_f11fd026-8750-4ad5-9bf4-ce6bc685f39e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_4f7d2844-9832-4848-99a7-7bf5ffbcdc17" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_f11fd026-8750-4ad5-9bf4-ce6bc685f39e" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f11fd026-8750-4ad5-9bf4-ce6bc685f39e_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_f11fd026-8750-4ad5-9bf4-ce6bc685f39e" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f11fd026-8750-4ad5-9bf4-ce6bc685f39e_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_ec88746d-797e-49b2-b575-03d0d3064fb3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_f11fd026-8750-4ad5-9bf4-ce6bc685f39e" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_ec88746d-797e-49b2-b575-03d0d3064fb3" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansAtFairValueMember_4a43c387-62b9-4c9b-9c18-afe260cec920" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_ec88746d-797e-49b2-b575-03d0d3064fb3" xlink:to="loc_rwt_ResidentialLoansAtFairValueMember_4a43c387-62b9-4c9b-9c18-afe260cec920" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails" xlink:type="extended" id="i297ab9770311437d868cc7b47c9e914e_FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_4ca30fd6-1692-47ad-baca-f91dac7941a7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_4ca30fd6-1692-47ad-baca-f91dac7941a7" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_2c627b55-5a95-4a37-91db-419737c2c99e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_2c627b55-5a95-4a37-91db-419737c2c99e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_e4264263-822b-4311-b816-82194eb2b63e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_e4264263-822b-4311-b816-82194eb2b63e" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations_369ccedf-7944-4e98-a700-8d533c3d88b9" xlink:href="rwt-20210331.xsd#rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:to="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations_369ccedf-7944-4e98-a700-8d533c3d88b9" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_84c463db-e695-4f23-a8de-98cb6c16d304" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_84c463db-e695-4f23-a8de-98cb6c16d304" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns_5621261e-2c46-4959-ac69-650c43dfc065" xlink:href="rwt-20210331.xsd#rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:to="loc_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns_5621261e-2c46-4959-ac69-650c43dfc065" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_6311a937-3116-40da-8926-adc21a4c821c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_6311a937-3116-40da-8926-adc21a4c821c" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss_278b1111-356a-49b5-b081-e3fbe93b0799" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss_278b1111-356a-49b5-b081-e3fbe93b0799" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_85a3088b-cd20-43c5-939a-f558f6176ae8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_85a3088b-cd20-43c5-939a-f558f6176ae8" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_977201f7-cf07-4da4-a0e2-af647242c9a6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_1ef4798b-5bf1-499a-a960-891a91e1fd83" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_4ca30fd6-1692-47ad-baca-f91dac7941a7" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_1ef4798b-5bf1-499a-a960-891a91e1fd83" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_3af855c9-616a-4096-924d-7a4406b202b3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_1ef4798b-5bf1-499a-a960-891a91e1fd83" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_3af855c9-616a-4096-924d-7a4406b202b3" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_1554f0cf-b7b6-44ce-88ed-f0cc6bc88453" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_1ef4798b-5bf1-499a-a960-891a91e1fd83" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_1554f0cf-b7b6-44ce-88ed-f0cc6bc88453" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns_1845450f-3e90-4f22-a398-d9ba9baac9b6" xlink:href="rwt-20210331.xsd#rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_1ef4798b-5bf1-499a-a960-891a91e1fd83" xlink:to="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns_1845450f-3e90-4f22-a398-d9ba9baac9b6" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_7d84fc10-c8aa-4343-b88b-37b81b6e1621" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_1ef4798b-5bf1-499a-a960-891a91e1fd83" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_7d84fc10-c8aa-4343-b88b-37b81b6e1621" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_1f34e4d3-02cb-438b-bd9b-853270d05a27" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_1ef4798b-5bf1-499a-a960-891a91e1fd83" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_1f34e4d3-02cb-438b-bd9b-853270d05a27" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_15b5e52a-1912-4fb4-89ba-d6a260c6e537" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_1a2a646e-30d3-4f8a-8410-24c61610fb3f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_4ca30fd6-1692-47ad-baca-f91dac7941a7" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_1a2a646e-30d3-4f8a-8410-24c61610fb3f" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_7616862b-8a3f-4b05-a963-d5b183c8ba8c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_1a2a646e-30d3-4f8a-8410-24c61610fb3f" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_7616862b-8a3f-4b05-a963-d5b183c8ba8c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_7616862b-8a3f-4b05-a963-d5b183c8ba8c_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_7616862b-8a3f-4b05-a963-d5b183c8ba8c" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_7616862b-8a3f-4b05-a963-d5b183c8ba8c_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_7616862b-8a3f-4b05-a963-d5b183c8ba8c" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansAtFairValueMember_f6113f51-f9c8-4286-bcbc-1822a5ed8bff" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_rwt_ResidentialLoansAtFairValueMember_f6113f51-f9c8-4286-bcbc-1822a5ed8bff" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansMember_ae04d870-86a9-4533-a9c3-33e09b0efe96" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_rwt_BusinessPurposeResidentialLoansMember_ae04d870-86a9-4533-a9c3-33e09b0efe96" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansMember_880e00c0-7a7a-4698-9909-1694fb33aeb3" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_rwt_MultifamilyLoansMember_880e00c0-7a7a-4698-9909-1694fb33aeb3" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TradingSecuritiesMember_d889aa45-81f2-40e0-907b-9b4ccee04f7d" xlink:href="rwt-20210331.xsd#rwt_TradingSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_rwt_TradingSecuritiesMember_d889aa45-81f2-40e0-907b-9b4ccee04f7d" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableforsaleSecuritiesMember_fb7492d5-70a7-45d1-b541-fd284b7c03f0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableforsaleSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_us-gaap_AvailableforsaleSecuritiesMember_fb7492d5-70a7-45d1-b541-fd284b7c03f0" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceInvestmentsMember_e1717d17-cca4-47b0-a6ce-08c36d0a4714" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceInvestmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_rwt_ServicerAdvanceInvestmentsMember_e1717d17-cca4-47b0-a6ce-08c36d0a4714" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_3269028b-d82d-4c3f-8760-7bda5b78a26b" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_rwt_MortgageServicingRightsMember_3269028b-d82d-4c3f-8760-7bda5b78a26b" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_c3a5ff82-a691-4796-8065-81ed45d8cebf" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_c3a5ff82-a691-4796-8065-81ed45d8cebf" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionMember_8709aae0-0da5-4659-80a3-f142350f1d3d" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_rwt_HomeAppreciationOptionMember_8709aae0-0da5-4659-80a3-f142350f1d3d" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFinancialInstrumentsAssetsMember_7972f86e-4d7c-4a0a-a1d2-3f430daf41d5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFinancialInstrumentsAssetsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_us-gaap_DerivativeFinancialInstrumentsAssetsMember_7972f86e-4d7c-4a0a-a1d2-3f430daf41d5" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByLiabilityClassAxis_8e6f395e-1b33-4f52-b8d9-4cceab3109e9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByLiabilityClassAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_1a2a646e-30d3-4f8a-8410-24c61610fb3f" xlink:to="loc_us-gaap_FairValueByLiabilityClassAxis_8e6f395e-1b33-4f52-b8d9-4cceab3109e9" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_8e6f395e-1b33-4f52-b8d9-4cceab3109e9_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByLiabilityClassAxis_8e6f395e-1b33-4f52-b8d9-4cceab3109e9" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_8e6f395e-1b33-4f52-b8d9-4cceab3109e9_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_a227e755-e082-4389-9ec4-a73034d8a0f1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByLiabilityClassAxis_8e6f395e-1b33-4f52-b8d9-4cceab3109e9" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_a227e755-e082-4389-9ec4-a73034d8a0f1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetBackedSecuritiesMember_d7b61e52-36f8-4aea-998d-d8062b632d98" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetBackedSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_a227e755-e082-4389-9ec4-a73034d8a0f1" xlink:to="loc_us-gaap_AssetBackedSecuritiesMember_d7b61e52-36f8-4aea-998d-d8062b632d98" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails" xlink:type="extended" id="i6480e4bbd5c8499f86ba204f272a1028_FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_c7db0a50-d240-4bac-bf4e-4daa355b114f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown_fc7cb756-12f5-4bbb-96af-4525190f3e34" xlink:href="rwt-20210331.xsd#rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_c7db0a50-d240-4bac-bf4e-4daa355b114f" xlink:to="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown_fc7cb756-12f5-4bbb-96af-4525190f3e34" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown_d0089103-7bb2-48ee-8347-7e7a76b70f73" xlink:href="rwt-20210331.xsd#rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_c7db0a50-d240-4bac-bf4e-4daa355b114f" xlink:to="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown_d0089103-7bb2-48ee-8347-7e7a76b70f73" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_ef4ed154-51cd-4121-aa87-0cf7bc934bff" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_c7db0a50-d240-4bac-bf4e-4daa355b114f" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_ef4ed154-51cd-4121-aa87-0cf7bc934bff" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_1df050b4-cdac-4fa3-8b03-b3dea75eabda" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_ef4ed154-51cd-4121-aa87-0cf7bc934bff" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_1df050b4-cdac-4fa3-8b03-b3dea75eabda" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1df050b4-cdac-4fa3-8b03-b3dea75eabda_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_1df050b4-cdac-4fa3-8b03-b3dea75eabda" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1df050b4-cdac-4fa3-8b03-b3dea75eabda_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_1df050b4-cdac-4fa3-8b03-b3dea75eabda" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_0046c16a-88a9-4c50-aa29-1eed515b51f6" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_0046c16a-88a9-4c50-aa29-1eed515b51f6" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansMember_f26184e7-d5b6-44d4-9b17-ea3d69ff20f8" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_BusinessPurposeResidentialLoansMember_f26184e7-d5b6-44d4-9b17-ea3d69ff20f8" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansMember_2d0efe88-4252-4694-9561-bfa5814fef85" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_MultifamilyLoansMember_2d0efe88-4252-4694-9561-bfa5814fef85" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansMember_4773a081-7d8f-4bdb-a71b-5ac6d968d60f" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_SingleFamilyRentalLoansMember_4773a081-7d8f-4bdb-a71b-5ac6d968d60f" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TradingSecuritiesMember_adf0d717-2890-43fb-9be9-77bdfa3c29f1" xlink:href="rwt-20210331.xsd#rwt_TradingSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_TradingSecuritiesMember_adf0d717-2890-43fb-9be9-77bdfa3c29f1" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceInvestmentsMember_e05fb159-0f7d-455a-892a-d005f3990e0a" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceInvestmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_ServicerAdvanceInvestmentsMember_e05fb159-0f7d-455a-892a-d005f3990e0a" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_3193b47f-6b5d-43d3-bedb-83e87f5ba2e8" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_MortgageServicingRightsMember_3193b47f-6b5d-43d3-bedb-83e87f5ba2e8" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_49f412b5-1e33-4a60-b50c-4f4ba822a947" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_49f412b5-1e33-4a60-b50c-4f4ba822a947" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionMember_90d012a3-fc53-4125-828c-23d5dfbdec87" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_HomeAppreciationOptionMember_90d012a3-fc53-4125-828c-23d5dfbdec87" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoanPurchaseCommitmentsMember_d741865a-36ee-4e95-98f4-1d3930628138" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanPurchaseCommitmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_us-gaap_LoanPurchaseCommitmentsMember_d741865a-36ee-4e95-98f4-1d3930628138" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_6c7025ef-42c7-4fe0-87db-6a974e686809" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_ef4ed154-51cd-4121-aa87-0cf7bc934bff" xlink:to="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_6c7025ef-42c7-4fe0-87db-6a974e686809" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_EquityMethodInvesteeNameDomain_6c7025ef-42c7-4fe0-87db-6a974e686809_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_EquityMethodInvesteeNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_6c7025ef-42c7-4fe0-87db-6a974e686809" xlink:to="loc_srt_EquityMethodInvesteeNameDomain_6c7025ef-42c7-4fe0-87db-6a974e686809_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_EquityMethodInvesteeNameDomain_5886ef5f-a889-4a8a-a852-efc7670e5fae" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_EquityMethodInvesteeNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_6c7025ef-42c7-4fe0-87db-6a974e686809" xlink:to="loc_srt_EquityMethodInvesteeNameDomain_5886ef5f-a889-4a8a-a852-efc7670e5fae" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldAtRedwoodMember_266c4dac-74d4-4897-b1c2-7ed745234d80" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldAtRedwoodMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_EquityMethodInvesteeNameDomain_5886ef5f-a889-4a8a-a852-efc7670e5fae" xlink:to="loc_rwt_ResidentialLoansHeldAtRedwoodMember_266c4dac-74d4-4897-b1c2-7ed745234d80" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_9ab655b9-3c5f-4cd9-b9f9-403ce216bd0b" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_EquityMethodInvesteeNameDomain_5886ef5f-a889-4a8a-a852-efc7670e5fae" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_9ab655b9-3c5f-4cd9-b9f9-403ce216bd0b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_2f684c9e-e94b-40b7-83ad-0988a1dc2339" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_EquityMethodInvesteeNameDomain_5886ef5f-a889-4a8a-a852-efc7670e5fae" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_2f684c9e-e94b-40b7-83ad-0988a1dc2339" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_641917f1-db96-4e89-9958-80f38e609e26" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_EquityMethodInvesteeNameDomain_5886ef5f-a889-4a8a-a852-efc7670e5fae" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_641917f1-db96-4e89-9958-80f38e609e26" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_cfc39ee0-117d-40dc-99c7-f0e14ddf39fd" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_EquityMethodInvesteeNameDomain_5886ef5f-a889-4a8a-a852-efc7670e5fae" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_cfc39ee0-117d-40dc-99c7-f0e14ddf39fd" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByLiabilityClassAxis_9eae63b7-c8da-4d37-93ef-ebbf8e16bb71" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByLiabilityClassAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_ef4ed154-51cd-4121-aa87-0cf7bc934bff" xlink:to="loc_us-gaap_FairValueByLiabilityClassAxis_9eae63b7-c8da-4d37-93ef-ebbf8e16bb71" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_9eae63b7-c8da-4d37-93ef-ebbf8e16bb71_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByLiabilityClassAxis_9eae63b7-c8da-4d37-93ef-ebbf8e16bb71" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_9eae63b7-c8da-4d37-93ef-ebbf8e16bb71_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_f54aeea4-2d2c-46af-a076-c2fd74245853" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByLiabilityClassAxis_9eae63b7-c8da-4d37-93ef-ebbf8e16bb71" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_f54aeea4-2d2c-46af-a076-c2fd74245853" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoanPurchaseCommitmentsMember_1f7d8508-ffdf-4744-9ad6-64e9f0fd1ef6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanPurchaseCommitmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_f54aeea4-2d2c-46af-a076-c2fd74245853" xlink:to="loc_us-gaap_LoanPurchaseCommitmentsMember_1f7d8508-ffdf-4744-9ad6-64e9f0fd1ef6" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ContingentConsiderationMember_ff51d157-271d-41cd-b659-0ee03fa647de" xlink:href="rwt-20210331.xsd#rwt_ContingentConsiderationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_f54aeea4-2d2c-46af-a076-c2fd74245853" xlink:to="loc_rwt_ContingentConsiderationMember_ff51d157-271d-41cd-b659-0ee03fa647de" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetBackedSecuritiesMember_99e8b3db-990f-49b1-92b5-49b7af492574" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetBackedSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_f54aeea4-2d2c-46af-a076-c2fd74245853" xlink:to="loc_us-gaap_AssetBackedSecuritiesMember_99e8b3db-990f-49b1-92b5-49b7af492574" xlink:type="arc" order="2"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails" xlink:type="extended" id="i6916a5268ca147c4a674c9b2b2b0d0f2_FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_d9e4375a-4733-4865-ba4a-e316a79335c6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsFairValueDisclosure_2e0256da-0f1c-45ec-9eef-3b96e5fcc55e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssetsFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_d9e4375a-4733-4865-ba4a-e316a79335c6" xlink:to="loc_us-gaap_OtherAssetsFairValueDisclosure_2e0256da-0f1c-45ec-9eef-3b96e5fcc55e" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1_fe815797-2388-4a88-84d1-52a59dbd472a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueOptionChangesInFairValueGainLoss1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_d9e4375a-4733-4865-ba4a-e316a79335c6" xlink:to="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1_fe815797-2388-4a88-84d1-52a59dbd472a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_6f7ed7a1-3652-43c5-bae6-a268acf1b28d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_d9e4375a-4733-4865-ba4a-e316a79335c6" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_6f7ed7a1-3652-43c5-bae6-a268acf1b28d" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_d55ed8c6-9590-40dc-a067-4796e28d0f24" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_6f7ed7a1-3652-43c5-bae6-a268acf1b28d" xlink:to="loc_us-gaap_FairValueByMeasurementFrequencyAxis_d55ed8c6-9590-40dc-a067-4796e28d0f24" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_d55ed8c6-9590-40dc-a067-4796e28d0f24_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_d55ed8c6-9590-40dc-a067-4796e28d0f24" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_d55ed8c6-9590-40dc-a067-4796e28d0f24_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_a27950f5-2d7f-4980-93bf-8735aa7449d3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_d55ed8c6-9590-40dc-a067-4796e28d0f24" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_a27950f5-2d7f-4980-93bf-8735aa7449d3" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsNonrecurringMember_0a5cbfec-b88e-492b-8dbb-b93bdcad2128" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsNonrecurringMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueMeasurementFrequencyDomain_a27950f5-2d7f-4980-93bf-8735aa7449d3" xlink:to="loc_us-gaap_FairValueMeasurementsNonrecurringMember_0a5cbfec-b88e-492b-8dbb-b93bdcad2128" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7c68930c-c34a-45cf-af1a-66ed35635bd1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_6f7ed7a1-3652-43c5-bae6-a268acf1b28d" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7c68930c-c34a-45cf-af1a-66ed35635bd1" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_7c68930c-c34a-45cf-af1a-66ed35635bd1_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7c68930c-c34a-45cf-af1a-66ed35635bd1" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_7c68930c-c34a-45cf-af1a-66ed35635bd1_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_83f2c68b-d783-45da-9f6f-ecfddcea3605" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7c68930c-c34a-45cf-af1a-66ed35635bd1" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_83f2c68b-d783-45da-9f6f-ecfddcea3605" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherRealEstateOwnedMember_006597f8-5012-4a40-be8f-40ebac55a106" xlink:href="rwt-20210331.xsd#rwt_OtherRealEstateOwnedMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_83f2c68b-d783-45da-9f6f-ecfddcea3605" xlink:to="loc_rwt_OtherRealEstateOwnedMember_006597f8-5012-4a40-be8f-40ebac55a106" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_96ca2157-ff84-4344-bdb2-d14fdb127012" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_6f7ed7a1-3652-43c5-bae6-a268acf1b28d" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_96ca2157-ff84-4344-bdb2-d14fdb127012" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_96ca2157-ff84-4344-bdb2-d14fdb127012_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_96ca2157-ff84-4344-bdb2-d14fdb127012" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_96ca2157-ff84-4344-bdb2-d14fdb127012_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_6f62aaf3-d62c-4fdd-a9bf-7a5ed78b376b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_96ca2157-ff84-4344-bdb2-d14fdb127012" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_6f62aaf3-d62c-4fdd-a9bf-7a5ed78b376b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_29975a13-862f-46e8-8033-7df7afa1f7b4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel1Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_6f62aaf3-d62c-4fdd-a9bf-7a5ed78b376b" xlink:to="loc_us-gaap_FairValueInputsLevel1Member_29975a13-862f-46e8-8033-7df7afa1f7b4" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_ecb4baa2-d2ae-4a2b-89ab-71535a32c197" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel2Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_6f62aaf3-d62c-4fdd-a9bf-7a5ed78b376b" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_ecb4baa2-d2ae-4a2b-89ab-71535a32c197" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_aa22fa6c-be01-413a-b2f4-205986d26563" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel3Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_6f62aaf3-d62c-4fdd-a9bf-7a5ed78b376b" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_aa22fa6c-be01-413a-b2f4-205986d26563" xlink:type="arc" order="2"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails" xlink:type="extended" id="id9d360f5d0b542d08bf273ab99651fd6_FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_b4843a76-fc18-419a-9164-735057f8f0d4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_2d093d41-da49-4e4e-ad2c-fbe364d9453e" xlink:href="rwt-20210331.xsd#rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_b4843a76-fc18-419a-9164-735057f8f0d4" xlink:to="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_2d093d41-da49-4e4e-ad2c-fbe364d9453e" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsIncomeLossNet_988725ba-3f55-4434-a783-a649cf6a90e8" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsIncomeLossNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_b4843a76-fc18-419a-9164-735057f8f0d4" xlink:to="loc_rwt_MortgageServicingRightsIncomeLossNet_988725ba-3f55-4434-a783-a649cf6a90e8" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MarketValuationAdjustmentsNet_238209fe-11ba-43e2-a9d5-24edde9d18b6" xlink:href="rwt-20210331.xsd#rwt_MarketValuationAdjustmentsNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_b4843a76-fc18-419a-9164-735057f8f0d4" xlink:to="loc_rwt_MarketValuationAdjustmentsNet_238209fe-11ba-43e2-a9d5-24edde9d18b6" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_9d70eb4e-2ad9-4428-ad82-880e5c21ff72" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_b4843a76-fc18-419a-9164-735057f8f0d4" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_9d70eb4e-2ad9-4428-ad82-880e5c21ff72" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_1d16ac39-3c89-44b0-8129-3654d461b0d8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_9d70eb4e-2ad9-4428-ad82-880e5c21ff72" xlink:to="loc_us-gaap_InvestmentTypeAxis_1d16ac39-3c89-44b0-8129-3654d461b0d8" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_1d16ac39-3c89-44b0-8129-3654d461b0d8_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_InvestmentTypeAxis_1d16ac39-3c89-44b0-8129-3654d461b0d8" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_1d16ac39-3c89-44b0-8129-3654d461b0d8_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_f8ad3d1c-127f-4dcf-afd7-ed94a8ad68b7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_InvestmentTypeAxis_1d16ac39-3c89-44b0-8129-3654d461b0d8" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_f8ad3d1c-127f-4dcf-afd7-ed94a8ad68b7" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingActivitiesMember_f8b917c8-65cd-437a-b281-0f1a19096a0a" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingActivitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f8ad3d1c-127f-4dcf-afd7-ed94a8ad68b7" xlink:to="loc_rwt_MortgageBankingActivitiesMember_f8b917c8-65cd-437a-b281-0f1a19096a0a" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InvestmentActivitiesMember_8e974f77-4c0a-4a18-9b45-52a3537c0664" xlink:href="rwt-20210331.xsd#rwt_InvestmentActivitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f8ad3d1c-127f-4dcf-afd7-ed94a8ad68b7" xlink:to="loc_rwt_InvestmentActivitiesMember_8e974f77-4c0a-4a18-9b45-52a3537c0664" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember_76eda728-b738-41f8-a0b6-299c8b68f7e6" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f8ad3d1c-127f-4dcf-afd7-ed94a8ad68b7" xlink:to="loc_rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember_76eda728-b738-41f8-a0b6-299c8b68f7e6" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_787dbd8c-eec5-4706-8ae0-e6ef9289a35e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_9d70eb4e-2ad9-4428-ad82-880e5c21ff72" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_787dbd8c-eec5-4706-8ae0-e6ef9289a35e" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_787dbd8c-eec5-4706-8ae0-e6ef9289a35e_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_787dbd8c-eec5-4706-8ae0-e6ef9289a35e" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_787dbd8c-eec5-4706-8ae0-e6ef9289a35e_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_787dbd8c-eec5-4706-8ae0-e6ef9289a35e" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansAtFairValueMember_019345f9-fea4-4ac8-9253-c4b53ed657a2" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_ResidentialLoansAtFairValueMember_019345f9-fea4-4ac8-9253-c4b53ed657a2" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanPurchaseAndForwardSalesCommitmentsMember_a3f1ab4b-5f6e-42ff-a9b4-d9a9d3e37d85" xlink:href="rwt-20210331.xsd#rwt_LoanPurchaseAndForwardSalesCommitmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_LoanPurchaseAndForwardSalesCommitmentsMember_a3f1ab4b-5f6e-42ff-a9b4-d9a9d3e37d85" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember_8ed873ec-efb7-413c-b276-88758643f006" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember_8ed873ec-efb7-413c-b276-88758643f006" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoanPurchaseCommitmentsMember_e2368e76-e4a0-4ef9-9747-3be1768a7b5f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanPurchaseCommitmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_us-gaap_LoanPurchaseCommitmentsMember_e2368e76-e4a0-4ef9-9747-3be1768a7b5f" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommercialLoansAtFairValueMember_5a2244a6-af80-44b7-95cf-f3f9b8485477" xlink:href="rwt-20210331.xsd#rwt_CommercialLoansAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_CommercialLoansAtFairValueMember_5a2244a6-af80-44b7-95cf-f3f9b8485477" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TradingSecuritiesMember_5ab18fa8-2dd6-45a3-b106-3a333bdb6f34" xlink:href="rwt-20210331.xsd#rwt_TradingSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_TradingSecuritiesMember_5ab18fa8-2dd6-45a3-b106-3a333bdb6f34" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PriceRiskDerivativeMember_8e601fe2-df15-4ecd-92ee-87bb64594915" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PriceRiskDerivativeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_us-gaap_PriceRiskDerivativeMember_8e601fe2-df15-4ecd-92ee-87bb64594915" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentMember_70a45619-6cfb-4dfb-978d-e72fc303e79c" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentMember_70a45619-6cfb-4dfb-978d-e72fc303e79c" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember_11e00dda-4c36-418b-a70e-0c7147061820" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember_11e00dda-4c36-418b-a70e-0c7147061820" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember_88e6f796-f7c9-43c6-b0cf-2edc02ef1aa1" xlink:href="rwt-20210331.xsd#rwt_ResidentialBridgeLoansHeldForInvestmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember_88e6f796-f7c9-43c6-b0cf-2edc02ef1aa1" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceInvestmentsMember_0493b778-9251-4f22-b0c6-31e230ca397a" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceInvestmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_ServicerAdvanceInvestmentsMember_0493b778-9251-4f22-b0c6-31e230ca397a" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_639b5406-1d5e-439b-8bba-d36cdcd39dc2" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_639b5406-1d5e-439b-8bba-d36cdcd39dc2" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_46aa2b06-41f0-4b85-a1d9-c96d6a41260b" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_46aa2b06-41f0-4b85-a1d9-c96d6a41260b" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_d1c9da2e-7c1a-422b-ba96-9c9d986390c7" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_d1c9da2e-7c1a-422b-ba96-9c9d986390c7" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_5492d910-0c2b-490f-a35d-db375d1f990c" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_5492d910-0c2b-490f-a35d-db375d1f990c" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_6952fd6a-fc66-4f41-ad58-0b2baa521890" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_6952fd6a-fc66-4f41-ad58-0b2baa521890" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_5e76eaf1-3622-41e4-895b-36fb20ea5186" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_5e76eaf1-3622-41e4-895b-36fb20ea5186" xlink:type="arc" order="16"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SharedHomeAppreciationOptionsMember_7b0e3795-51a4-4034-bac9-a173c37f4721" xlink:href="rwt-20210331.xsd#rwt_SharedHomeAppreciationOptionsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_SharedHomeAppreciationOptionsMember_7b0e3795-51a4-4034-bac9-a173c37f4721" xlink:type="arc" order="17"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestmentsMember_969d489e-1717-4c2c-97d5-9b3bdc2a335e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherInvestmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_us-gaap_OtherInvestmentsMember_969d489e-1717-4c2c-97d5-9b3bdc2a335e" xlink:type="arc" order="18"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember_6664165c-25bb-4bc5-9ef0-2a1dd5f0f6fc" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember_6664165c-25bb-4bc5-9ef0-2a1dd5f0f6fc" xlink:type="arc" order="19"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_381ec390-58ef-4620-8500-01cdeaae0c0a" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_MortgageServicingRightsMember_381ec390-58ef-4620-8500-01cdeaae0c0a" xlink:type="arc" order="20"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails" xlink:type="extended" id="i7de8461ea95c491fa5dd2aebbba80cd9_FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_e7d5a573-8e6a-4aee-bb95-063114c50278" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsFairValueDisclosureAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_e7d5a573-8e6a-4aee-bb95-063114c50278" xlink:to="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFairValue_081a3432-3237-4a34-9ae0-1193b2041f76" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_us-gaap_DebtInstrumentFairValue_081a3432-3237-4a34-9ae0-1193b2041f76" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansReceivableFairValueDisclosure_dcb3b1c1-4e4f-4035-a554-825730ae1bb1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_us-gaap_LoansReceivableFairValueDisclosure_dcb3b1c1-4e4f-4035-a554-825730ae1bb1" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansHeldForSaleMeasurementInput_c9689717-3487-4733-962c-b03c2348631e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansHeldForSaleMeasurementInput"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_us-gaap_LoansHeldForSaleMeasurementInput_c9689717-3487-4733-962c-b03c2348631e" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansReceivableMeasurementInput_cea8f65f-3239-4496-bdc5-45f6c6e68fd5" xlink:href="rwt-20210331.xsd#rwt_LoansReceivableMeasurementInput"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_rwt_LoansReceivableMeasurementInput_cea8f65f-3239-4496-bdc5-45f6c6e68fd5" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansHeldForInvestmentMeasurementInput_84e71c54-9e07-4ce3-bfdb-a3d1d1865c8f" xlink:href="rwt-20210331.xsd#rwt_LoansHeldForInvestmentMeasurementInput"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_rwt_LoansHeldForInvestmentMeasurementInput_84e71c54-9e07-4ce3-bfdb-a3d1d1865c8f" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure_71ed301a-d3fc-4e13-a768-1b75fa66f355" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure_71ed301a-d3fc-4e13-a768-1b75fa66f355" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput_838607aa-13ca-432d-8f8b-e1225a14dd85" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput_838607aa-13ca-432d-8f8b-e1225a14dd85" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAsset_989c05bb-e9ce-4874-8b9e-9030cfc2055a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAsset"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_us-gaap_ServicingAsset_989c05bb-e9ce-4874-8b9e-9030cfc2055a" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetMeasurementInput_16b71c42-f3c4-4bc4-9c07-921dafafec20" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetMeasurementInput"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_us-gaap_ServicingAssetMeasurementInput_16b71c42-f3c4-4bc4-9c07-921dafafec20" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetExpectedRemainingLife_46410288-c0a3-4763-b7ba-9e0270df8121" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetExpectedRemainingLife"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_rwt_ServicingAssetExpectedRemainingLife_46410288-c0a3-4763-b7ba-9e0270df8121" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionsFairvalueDisclosure_75984a13-5973-462c-bb4f-85dbaa362d8d" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionsFairvalueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_rwt_HomeAppreciationOptionsFairvalueDisclosure_75984a13-5973-462c-bb4f-85dbaa362d8d" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionsMeasurementInput_dd6e024b-2639-4bda-973d-a9acdfb93f95" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionsMeasurementInput"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_rwt_HomeAppreciationOptionsMeasurementInput_dd6e024b-2639-4bda-973d-a9acdfb93f95" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherRealEstate_a3a8da5b-3896-428b-b11a-52396f6d4a30" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherRealEstate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_us-gaap_OtherRealEstate_a3a8da5b-3896-428b-b11a-52396f6d4a30" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherRealEstateOwnedMeasurementInput_c77a54bf-290d-4377-99db-a14073b29a1b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherRealEstateOwnedMeasurementInput"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_us-gaap_OtherRealEstateOwnedMeasurementInput_c77a54bf-290d-4377-99db-a14073b29a1b" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_f189aa64-aa2b-410d-80b9-43f366bbb199" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosureAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_e7d5a573-8e6a-4aee-bb95-063114c50278" xlink:to="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_f189aa64-aa2b-410d-80b9-43f366bbb199" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanPurchaseCommitmentsFairValueDisclosure_be05e680-4053-4f83-b595-967ba7beb3e7" xlink:href="rwt-20210331.xsd#rwt_LoanPurchaseCommitmentsFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_f189aa64-aa2b-410d-80b9-43f366bbb199" xlink:to="loc_rwt_LoanPurchaseCommitmentsFairValueDisclosure_be05e680-4053-4f83-b595-967ba7beb3e7" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilityMeasurementInput_0bda4992-5a3c-4924-8882-25605e1151e6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilityMeasurementInput"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_f189aa64-aa2b-410d-80b9-43f366bbb199" xlink:to="loc_us-gaap_DerivativeLiabilityMeasurementInput_0bda4992-5a3c-4924-8882-25605e1151e6" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingLiabilityAtFairValueAmount_b86c1643-9592-401d-af0b-5790aea68c19" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingLiabilityAtFairValueAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_f189aa64-aa2b-410d-80b9-43f366bbb199" xlink:to="loc_us-gaap_ServicingLiabilityAtFairValueAmount_b86c1643-9592-401d-af0b-5790aea68c19" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingLiabilityMeasurementInput_6c45c7f1-ba2b-47a9-8fa6-a85e76eb2c11" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingLiabilityMeasurementInput"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_f189aa64-aa2b-410d-80b9-43f366bbb199" xlink:to="loc_us-gaap_ServicingLiabilityMeasurementInput_6c45c7f1-ba2b-47a9-8fa6-a85e76eb2c11" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue_f37dd0f5-2671-45c0-8ac0-e12e08e35751" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_e7d5a573-8e6a-4aee-bb95-063114c50278" xlink:to="loc_us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue_f37dd0f5-2671-45c0-8ac0-e12e08e35751" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_c4cdaf8f-22c2-4ca4-8219-cb76628888fc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_e7d5a573-8e6a-4aee-bb95-063114c50278" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_c4cdaf8f-22c2-4ca4-8219-cb76628888fc" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_90a061b1-2adb-478d-9d4a-082e0bcd6fe3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_c4cdaf8f-22c2-4ca4-8219-cb76628888fc" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_90a061b1-2adb-478d-9d4a-082e0bcd6fe3" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_90a061b1-2adb-478d-9d4a-082e0bcd6fe3_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_90a061b1-2adb-478d-9d4a-082e0bcd6fe3" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_90a061b1-2adb-478d-9d4a-082e0bcd6fe3_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_90a061b1-2adb-478d-9d4a-082e0bcd6fe3" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember_a6596ef6-b56d-401e-b451-41e387e728af" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember_a6596ef6-b56d-401e-b451-41e387e728af" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember_308c7cc2-7629-4ddf-bc3b-a927397e7e1e" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember_308c7cc2-7629-4ddf-bc3b-a927397e7e1e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_ab4ac13e-bb3d-42b4-bc69-a1cbda5a4561" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_ab4ac13e-bb3d-42b4-bc69-a1cbda5a4561" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_f0daa51a-c8f5-42c8-92f3-7b410dd1195e" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_f0daa51a-c8f5-42c8-92f3-7b410dd1195e" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_2967bd88-e233-4b49-a771-16f18929cf74" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_2967bd88-e233-4b49-a771-16f18929cf74" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyBusinessPurposeResidentialLoansMember_aff5a35b-5a4a-4ab8-963d-1c74081cd48f" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyBusinessPurposeResidentialLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_SingleFamilyBusinessPurposeResidentialLoansMember_aff5a35b-5a4a-4ab8-963d-1c74081cd48f" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_88588980-6e76-498b-a996-33891850a7e4" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_88588980-6e76-498b-a996-33891850a7e4" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember_097df59a-ed1d-4f9c-ae13-7df2beb29ce1" xlink:href="rwt-20210331.xsd#rwt_ResidentialBridgeLoansHeldForInvestmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember_097df59a-ed1d-4f9c-ae13-7df2beb29ce1" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_9bf9d848-3544-43c1-bcab-22cce1aae89a" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_9bf9d848-3544-43c1-bcab-22cce1aae89a" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InvestmentSecuritiesMember_0b2b9f6f-abf3-45c4-a971-34877d65603d" xlink:href="rwt-20210331.xsd#rwt_InvestmentSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_InvestmentSecuritiesMember_0b2b9f6f-abf3-45c4-a971-34877d65603d" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceInvestmentsMember_6deb2e78-c547-43ca-be20-e525c75fca6e" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceInvestmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_ServicerAdvanceInvestmentsMember_6deb2e78-c547-43ca-be20-e525c75fca6e" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoanPurchaseCommitmentsMember_904f70f1-948e-42df-be68-7b95f5439ff0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanPurchaseCommitmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_us-gaap_LoanPurchaseCommitmentsMember_904f70f1-948e-42df-be68-7b95f5439ff0" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_422eb563-c7f2-4b9a-95ae-711944ef116b" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_MortgageServicingRightsMember_422eb563-c7f2-4b9a-95ae-711944ef116b" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_e5f6f5e4-6fc6-437e-83e2-caa288319efe" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_e5f6f5e4-6fc6-437e-83e2-caa288319efe" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionMember_c2ed9c6f-199a-48b8-8e7f-6b15e9db22a9" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_HomeAppreciationOptionMember_c2ed9c6f-199a-48b8-8e7f-6b15e9db22a9" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherRealEstateOwnedMember_fdf3dabd-3274-4a98-80fd-00505a381279" xlink:href="rwt-20210331.xsd#rwt_OtherRealEstateOwnedMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_OtherRealEstateOwnedMember_fdf3dabd-3274-4a98-80fd-00505a381279" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByLiabilityClassAxis_8bf379c7-ffee-4d5b-916c-54dbac855d13" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByLiabilityClassAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_c4cdaf8f-22c2-4ca4-8219-cb76628888fc" xlink:to="loc_us-gaap_FairValueByLiabilityClassAxis_8bf379c7-ffee-4d5b-916c-54dbac855d13" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_8bf379c7-ffee-4d5b-916c-54dbac855d13_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByLiabilityClassAxis_8bf379c7-ffee-4d5b-916c-54dbac855d13" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_8bf379c7-ffee-4d5b-916c-54dbac855d13_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_6dc805f5-aa66-4582-bcdd-b5f4dae1d342" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByLiabilityClassAxis_8bf379c7-ffee-4d5b-916c-54dbac855d13" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_6dc805f5-aa66-4582-bcdd-b5f4dae1d342" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoanPurchaseCommitmentsMember_2088fe5e-6d00-4c75-8805-556ee0f41cf1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanPurchaseCommitmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_6dc805f5-aa66-4582-bcdd-b5f4dae1d342" xlink:to="loc_us-gaap_LoanPurchaseCommitmentsMember_2088fe5e-6d00-4c75-8805-556ee0f41cf1" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ABSIssuedSecuritiesMember_3c93d5b9-3e5e-4af7-8308-d9a7f041a61a" xlink:href="rwt-20210331.xsd#rwt_ABSIssuedSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_6dc805f5-aa66-4582-bcdd-b5f4dae1d342" xlink:to="loc_rwt_ABSIssuedSecuritiesMember_3c93d5b9-3e5e-4af7-8308-d9a7f041a61a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_9028b568-a64c-44be-a489-6b454673d255" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_6dc805f5-aa66-4582-bcdd-b5f4dae1d342" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_9028b568-a64c-44be-a489-6b454673d255" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_962d6bde-5278-4fc4-a7bf-d02e831f8eba" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_6dc805f5-aa66-4582-bcdd-b5f4dae1d342" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_962d6bde-5278-4fc4-a7bf-d02e831f8eba" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_f8694383-1dbb-48ac-acaf-03afeae9e7d8" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_6dc805f5-aa66-4582-bcdd-b5f4dae1d342" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_f8694383-1dbb-48ac-acaf-03afeae9e7d8" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputTypeAxis_9daa9c11-add1-44fd-a0e6-6625d2b4c2b0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_c4cdaf8f-22c2-4ca4-8219-cb76628888fc" xlink:to="loc_us-gaap_MeasurementInputTypeAxis_9daa9c11-add1-44fd-a0e6-6625d2b4c2b0" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputTypeDomain_9daa9c11-add1-44fd-a0e6-6625d2b4c2b0_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_MeasurementInputTypeAxis_9daa9c11-add1-44fd-a0e6-6625d2b4c2b0" xlink:to="loc_us-gaap_MeasurementInputTypeDomain_9daa9c11-add1-44fd-a0e6-6625d2b4c2b0_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_MeasurementInputTypeAxis_9daa9c11-add1-44fd-a0e6-6625d2b4c2b0" xlink:to="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputPrepaymentRateMember_ccf62ef0-50b9-4656-b7c4-d05a9e5a6a93" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputPrepaymentRateMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_us-gaap_MeasurementInputPrepaymentRateMember_ccf62ef0-50b9-4656-b7c4-d05a9e5a6a93" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_WholeLoanSpreadToTBAPriceMember_4253111e-9755-4b05-917a-f3403f3568d3" xlink:href="rwt-20210331.xsd#rwt_WholeLoanSpreadToTBAPriceMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_WholeLoanSpreadToTBAPriceMember_4253111e-9755-4b05-917a-f3403f3568d3" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputWholeLoanSpreadToSwapRateMember_15c2cfd6-33eb-4ce5-8095-2636859eb853" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputWholeLoanSpreadToSwapRateMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputWholeLoanSpreadToSwapRateMember_15c2cfd6-33eb-4ce5-8095-2636859eb853" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputWholeLoanCommittedSalesPriceMember_a30cb8d3-d391-4e10-abb3-353ea26bd701" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputWholeLoanCommittedSalesPriceMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputWholeLoanCommittedSalesPriceMember_a30cb8d3-d391-4e10-abb3-353ea26bd701" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorCreditSpreadMember_dee0423c-0a1f-400d-9e99-6c446c5d1103" xlink:href="rwt-20210331.xsd#rwt_SeniorCreditSpreadMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_SeniorCreditSpreadMember_dee0423c-0a1f-400d-9e99-6c446c5d1103" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputSubordinateCreditSpreadMember_5c5c5190-ea9e-432e-aed2-4fd605af7d14" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputSubordinateCreditSpreadMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputSubordinateCreditSpreadMember_5c5c5190-ea9e-432e-aed2-4fd605af7d14" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorCreditSupportMember_be91fac0-f644-4599-b06c-a65aa45f9684" xlink:href="rwt-20210331.xsd#rwt_SeniorCreditSupportMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_SeniorCreditSupportMember_be91fac0-f644-4599-b06c-a65aa45f9684" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputISODiscountRateMember_103b81e1-358f-4390-8688-234d476fcd18" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputISODiscountRateMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputISODiscountRateMember_103b81e1-358f-4390-8688-234d476fcd18" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember_ba5d16f5-0dea-4df0-a3bd-b929d3634b2f" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember_ba5d16f5-0dea-4df0-a3bd-b929d3634b2f" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputDiscountRateMember_05b790f5-e0a8-47e3-a065-c0c895f014e9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputDiscountRateMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_us-gaap_MeasurementInputDiscountRateMember_05b790f5-e0a8-47e3-a065-c0c895f014e9" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputDefaultRateMember_7724cfa0-29ea-4a04-bb71-91ed91aa0880" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputDefaultRateMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_us-gaap_MeasurementInputDefaultRateMember_7724cfa0-29ea-4a04-bb71-91ed91aa0880" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputLossSeverityMember_3be20513-503e-466f-8f39-ebc61ad51981" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputLossSeverityMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_us-gaap_MeasurementInputLossSeverityMember_3be20513-503e-466f-8f39-ebc61ad51981" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputCRTDollarPriceMember_956d2dc4-1a58-4c06-b035-1b248e90ec0d" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputCRTDollarPriceMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputCRTDollarPriceMember_956d2dc4-1a58-4c06-b035-1b248e90ec0d" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputMortgageServicingIncomeMember_721af2d9-35f1-4057-a3df-b2bd5d3eff41" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputMortgageServicingIncomeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputMortgageServicingIncomeMember_721af2d9-35f1-4057-a3df-b2bd5d3eff41" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputPerLoanAnnualCostToServiceMember_b1c87018-370c-44b4-b81d-f1a4b9ae3a83" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputPerLoanAnnualCostToServiceMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputPerLoanAnnualCostToServiceMember_b1c87018-370c-44b4-b81d-f1a4b9ae3a83" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputExcessMortgageServicingAmountMember_193260ee-7887-4a1f-a30e-1140240d697c" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputExcessMortgageServicingAmountMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputExcessMortgageServicingAmountMember_193260ee-7887-4a1f-a30e-1140240d697c" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputHomePriceAppreciationMember_e601e40d-2087-4827-9339-8d89e1a70979" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputHomePriceAppreciationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputHomePriceAppreciationMember_e601e40d-2087-4827-9339-8d89e1a70979" xlink:type="arc" order="16"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputCommittedSalesPriceMember_0162d139-988d-4f7e-98c6-dddad5eb1c94" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputCommittedSalesPriceMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputCommittedSalesPriceMember_0162d139-988d-4f7e-98c6-dddad5eb1c94" xlink:type="arc" order="17"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputPullthroughRateMember_c7e4a56a-54a2-41a5-ac36-efd17484d208" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputPullthroughRateMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputPullthroughRateMember_c7e4a56a-54a2-41a5-ac36-efd17484d208" xlink:type="arc" order="18"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MSRMultipleMember_f21f1d38-687c-4f79-a889-8b2624971ab1" xlink:href="rwt-20210331.xsd#rwt_MSRMultipleMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MSRMultipleMember_f21f1d38-687c-4f79-a889-8b2624971ab1" xlink:type="arc" order="19"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_232a528c-59d9-4858-9c33-843d5becb705" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_c4cdaf8f-22c2-4ca4-8219-cb76628888fc" xlink:to="loc_srt_RangeAxis_232a528c-59d9-4858-9c33-843d5becb705" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_232a528c-59d9-4858-9c33-843d5becb705_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_RangeAxis_232a528c-59d9-4858-9c33-843d5becb705" xlink:to="loc_srt_RangeMember_232a528c-59d9-4858-9c33-843d5becb705_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_d9cdcdb8-08d6-48ca-8b9e-5aba89af7dc7" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_RangeAxis_232a528c-59d9-4858-9c33-843d5becb705" xlink:to="loc_srt_RangeMember_d9cdcdb8-08d6-48ca-8b9e-5aba89af7dc7" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_34389f5a-b5ba-4910-b26e-a5bdd0e3e6fc" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MinimumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_d9cdcdb8-08d6-48ca-8b9e-5aba89af7dc7" xlink:to="loc_srt_MinimumMember_34389f5a-b5ba-4910-b26e-a5bdd0e3e6fc" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_294a4499-faed-4429-8059-bc1725202f48" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MaximumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_d9cdcdb8-08d6-48ca-8b9e-5aba89af7dc7" xlink:to="loc_srt_MaximumMember_294a4499-faed-4429-8059-bc1725202f48" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_WeightedAverageMember_eeb3f114-97ba-4abc-89d1-15946017e3ed" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_WeightedAverageMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_d9cdcdb8-08d6-48ca-8b9e-5aba89af7dc7" xlink:to="loc_srt_WeightedAverageMember_eeb3f114-97ba-4abc-89d1-15946017e3ed" xlink:type="arc" order="2"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoans" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoans"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoans" xlink:type="extended" id="i1dc0675398e64650beadf29e45dc1c74_ResidentialLoans"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansTables" xlink:type="extended" id="ica738d036ad04f51b8e4853716372ae4_ResidentialLoansTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails" xlink:type="extended" id="i684713a98ded45ee9b08a352716267cf_ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails">
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_55f125b4-ae46-44b6-b334-9ca29a2a42cc" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_bb3a8003-af9e-4f71-ab35-01259aa2ce93" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_55f125b4-ae46-44b6-b334-9ca29a2a42cc" xlink:to="loc_us-gaap_NotesReceivableNet_bb3a8003-af9e-4f71-ab35-01259aa2ce93" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_d9428e52-e4e8-4566-a3a5-ee93ff267de8" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_55f125b4-ae46-44b6-b334-9ca29a2a42cc" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_d9428e52-e4e8-4566-a3a5-ee93ff267de8" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_b8317129-f9bb-4cdc-bdbe-ad670b2078f8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_d9428e52-e4e8-4566-a3a5-ee93ff267de8" xlink:to="loc_us-gaap_FinancialInstrumentAxis_b8317129-f9bb-4cdc-bdbe-ad670b2078f8" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_b8317129-f9bb-4cdc-bdbe-ad670b2078f8_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_b8317129-f9bb-4cdc-bdbe-ad670b2078f8" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_b8317129-f9bb-4cdc-bdbe-ad670b2078f8_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_b855818c-c20e-4693-ad51-2b1572d965dc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_b8317129-f9bb-4cdc-bdbe-ad670b2078f8" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_b855818c-c20e-4693-ad51-2b1572d965dc" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageMember_b12c4388-88f3-4f1e-aa5c-63568d960b96" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_b855818c-c20e-4693-ad51-2b1572d965dc" xlink:to="loc_us-gaap_ResidentialMortgageMember_b12c4388-88f3-4f1e-aa5c-63568d960b96" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis_fc24ea65-df34-46fb-890a-2e294cf1c353" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LegalEntityAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_d9428e52-e4e8-4566-a3a5-ee93ff267de8" xlink:to="loc_dei_LegalEntityAxis_fc24ea65-df34-46fb-890a-2e294cf1c353" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_fc24ea65-df34-46fb-890a-2e294cf1c353_default" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_fc24ea65-df34-46fb-890a-2e294cf1c353" xlink:to="loc_dei_EntityDomain_fc24ea65-df34-46fb-890a-2e294cf1c353_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_b2601ae6-5704-42cb-aac0-14210fc18a21" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_fc24ea65-df34-46fb-890a-2e294cf1c353" xlink:to="loc_dei_EntityDomain_b2601ae6-5704-42cb-aac0-14210fc18a21" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RedwoodTrustInc.Member_bfdf9c7e-d4a4-472b-bb77-0a7df66008e1" xlink:href="rwt-20210331.xsd#rwt_RedwoodTrustInc.Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_b2601ae6-5704-42cb-aac0-14210fc18a21" xlink:to="loc_rwt_RedwoodTrustInc.Member_bfdf9c7e-d4a4-472b-bb77-0a7df66008e1" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_b019dae8-1355-4325-ae90-0bfe1a697885" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_d9428e52-e4e8-4566-a3a5-ee93ff267de8" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_b019dae8-1355-4325-ae90-0bfe1a697885" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_b019dae8-1355-4325-ae90-0bfe1a697885_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_b019dae8-1355-4325-ae90-0bfe1a697885" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_b019dae8-1355-4325-ae90-0bfe1a697885_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_a28e204f-88a4-43f4-a2a2-2d4f84e10648" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_b019dae8-1355-4325-ae90-0bfe1a697885" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_a28e204f-88a4-43f4-a2a2-2d4f84e10648" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForSaleMember_e181b4af-250f-47b5-a9ca-9225430ecf59" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForSaleMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_a28e204f-88a4-43f4-a2a2-2d4f84e10648" xlink:to="loc_rwt_ResidentialLoansHeldForSaleMember_e181b4af-250f-47b5-a9ca-9225430ecf59" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_61ab03de-1f30-4a6d-b2a7-7699e573d2b6" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_a28e204f-88a4-43f4-a2a2-2d4f84e10648" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_61ab03de-1f30-4a6d-b2a7-7699e573d2b6" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_4a0535c5-1626-42c1-a454-9e54d565394d" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_d9428e52-e4e8-4566-a3a5-ee93ff267de8" xlink:to="loc_srt_ConsolidatedEntitiesAxis_4a0535c5-1626-42c1-a454-9e54d565394d" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_4a0535c5-1626-42c1-a454-9e54d565394d_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidatedEntitiesAxis_4a0535c5-1626-42c1-a454-9e54d565394d" xlink:to="loc_srt_ConsolidatedEntitiesDomain_4a0535c5-1626-42c1-a454-9e54d565394d_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_3c6731fc-5b01-491d-919a-2519ec60d8e2" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidatedEntitiesAxis_4a0535c5-1626-42c1-a454-9e54d565394d" xlink:to="loc_srt_ConsolidatedEntitiesDomain_3c6731fc-5b01-491d-919a-2519ec60d8e2" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_a77d5c7e-f14a-4df2-a13c-68dd717e0cb7" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_3c6731fc-5b01-491d-919a-2519ec60d8e2" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_a77d5c7e-f14a-4df2-a13c-68dd717e0cb7" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_5f7c5f04-2e09-44ca-9db1-211bd45ae94f" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_3c6731fc-5b01-491d-919a-2519ec60d8e2" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_5f7c5f04-2e09-44ca-9db1-211bd45ae94f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_7544255d-06ae-4e2c-a20f-4d58ec554e42" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_3c6731fc-5b01-491d-919a-2519ec60d8e2" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_7544255d-06ae-4e2c-a20f-4d58ec554e42" xlink:type="arc" order="2"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansAdditionalInformationDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansAdditionalInformationDetails" xlink:type="extended" id="i1324fb0c9b884471a8a0d5756995d087_ResidentialLoansAdditionalInformationDetails">
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_4c5d496e-fe39-4ab8-a265-0d3876fa592a" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtAmortizedValue_95d7ce14-a64a-4303-86cb-66a2d6b4c26b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtAmortizedValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_4c5d496e-fe39-4ab8-a265-0d3876fa592a" xlink:to="loc_us-gaap_ServicingAssetAtAmortizedValue_95d7ce14-a64a-4303-86cb-66a2d6b4c26b" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_b696aead-d2dd-4e62-ac68-d7fa8b3804b1" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_4c5d496e-fe39-4ab8-a265-0d3876fa592a" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_b696aead-d2dd-4e62-ac68-d7fa8b3804b1" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_c7f81d5b-7774-4293-bec6-ee74b81a3dea" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_b696aead-d2dd-4e62-ac68-d7fa8b3804b1" xlink:to="loc_us-gaap_InvestmentTypeAxis_c7f81d5b-7774-4293-bec6-ee74b81a3dea" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_c7f81d5b-7774-4293-bec6-ee74b81a3dea_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_InvestmentTypeAxis_c7f81d5b-7774-4293-bec6-ee74b81a3dea" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_c7f81d5b-7774-4293-bec6-ee74b81a3dea_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_ac700212-5c33-4c63-8ec8-c0cb308cedec" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_InvestmentTypeAxis_c7f81d5b-7774-4293-bec6-ee74b81a3dea" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_ac700212-5c33-4c63-8ec8-c0cb308cedec" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_0b935618-7bbd-4ebe-ae12-c1a280fd1b17" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_ac700212-5c33-4c63-8ec8-c0cb308cedec" xlink:to="loc_rwt_MortgageServicingRightsMember_0b935618-7bbd-4ebe-ae12-c1a280fd1b17" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails" xlink:type="extended" id="i3116ca4a7c1d4634b9162c64f4631ca7_ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails">
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateNumberOfLoans_1872ebd3-c8bd-48a5-816f-a5198b857128" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateNumberOfLoans"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:to="loc_srt_MortgageLoansOnRealEstateNumberOfLoans_1872ebd3-c8bd-48a5-816f-a5198b857128" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_26e2f11b-2ec9-41bd-9edc-9ec76598bfbb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:to="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_26e2f11b-2ec9-41bd-9edc-9ec76598bfbb" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_23984a37-b937-4b6a-a8cb-3fbd70b52eca" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:to="loc_us-gaap_NotesReceivableNet_23984a37-b937-4b6a-a8cb-3fbd70b52eca" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansPledgedAsCollateral_99ce8847-9a72-4b70-b244-4f405985bbee" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansPledgedAsCollateral"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:to="loc_us-gaap_LoansPledgedAsCollateral_99ce8847-9a72-4b70-b244-4f405985bbee" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansPastDue_5903dde0-2c8f-4de2-ba29-e591138733e3" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansPastDue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:to="loc_rwt_FinancingReceivableNumberOfLoansPastDue_5903dde0-2c8f-4de2-ba29-e591138733e3" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue_e08a7f64-28a6-4966-a337-fa3c3d0897d4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentPastDue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue_e08a7f64-28a6-4966-a337-fa3c3d0897d4" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_e4571de3-ae74-48ef-aac1-8a744723e667" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:to="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_e4571de3-ae74-48ef-aac1-8a744723e667" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure_f89deb63-5d85-4c2f-8f10-3880f006ba3a" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansInForeclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:to="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure_f89deb63-5d85-4c2f-8f10-3880f006ba3a" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_2f62022c-9be6-4767-b0d4-bf81d936b92a" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_2f62022c-9be6-4767-b0d4-bf81d936b92a" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_30e9084c-30e4-4be1-b586-ac0ba9eb5b71" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_2f62022c-9be6-4767-b0d4-bf81d936b92a" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_30e9084c-30e4-4be1-b586-ac0ba9eb5b71" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_30e9084c-30e4-4be1-b586-ac0ba9eb5b71_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_30e9084c-30e4-4be1-b586-ac0ba9eb5b71" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_30e9084c-30e4-4be1-b586-ac0ba9eb5b71_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_a05efc40-76a4-4412-bac1-3ce1e7ff883c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_30e9084c-30e4-4be1-b586-ac0ba9eb5b71" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_a05efc40-76a4-4412-bac1-3ce1e7ff883c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansAtFairValueMember_514d035f-58da-4c78-9ef2-56396be35aae" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_a05efc40-76a4-4412-bac1-3ce1e7ff883c" xlink:to="loc_rwt_ResidentialLoansAtFairValueMember_514d035f-58da-4c78-9ef2-56396be35aae" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_6fa6b398-8c1a-4a32-a04a-3e023ce58ce8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_2f62022c-9be6-4767-b0d4-bf81d936b92a" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_6fa6b398-8c1a-4a32-a04a-3e023ce58ce8" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_6fa6b398-8c1a-4a32-a04a-3e023ce58ce8_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_6fa6b398-8c1a-4a32-a04a-3e023ce58ce8" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_6fa6b398-8c1a-4a32-a04a-3e023ce58ce8_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_c2e44934-8bcf-4df6-934c-8b8843b151ca" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_6fa6b398-8c1a-4a32-a04a-3e023ce58ce8" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_c2e44934-8bcf-4df6-934c-8b8843b151ca" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_70805032-1999-4cee-b453-da41d4e6d175" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_c2e44934-8bcf-4df6-934c-8b8843b151ca" xlink:to="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_70805032-1999-4cee-b453-da41d4e6d175" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails" xlink:type="extended" id="i81119ee5965e4b8ea3d133931ca57fde_ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails">
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_ff69508f-03ed-4203-98de-4c0df41e9ce1" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod_b0b1b184-5500-4fe2-ba7f-f656d90f74c6" xlink:href="rwt-20210331.xsd#rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_ff69508f-03ed-4203-98de-4c0df41e9ce1" xlink:to="loc_rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod_b0b1b184-5500-4fe2-ba7f-f656d90f74c6" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PrincipalBalanceofLoansSoldDuringPeriod_7a294076-9abd-484b-8d17-ddcd2e6093a4" xlink:href="rwt-20210331.xsd#rwt_PrincipalBalanceofLoansSoldDuringPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_ff69508f-03ed-4203-98de-4c0df41e9ce1" xlink:to="loc_rwt_PrincipalBalanceofLoansSoldDuringPeriod_7a294076-9abd-484b-8d17-ddcd2e6093a4" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1_5f508db3-97b9-4835-b438-8d68f2933d55" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueOptionChangesInFairValueGainLoss1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_ff69508f-03ed-4203-98de-4c0df41e9ce1" xlink:to="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1_5f508db3-97b9-4835-b438-8d68f2933d55" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_c4f58a93-dbe4-4a0f-8982-2564be256a68" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_ff69508f-03ed-4203-98de-4c0df41e9ce1" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_c4f58a93-dbe4-4a0f-8982-2564be256a68" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_9b4e44fd-bfdb-4b93-b790-93cdf878a45f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_c4f58a93-dbe4-4a0f-8982-2564be256a68" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_9b4e44fd-bfdb-4b93-b790-93cdf878a45f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_9b4e44fd-bfdb-4b93-b790-93cdf878a45f_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_9b4e44fd-bfdb-4b93-b790-93cdf878a45f" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_9b4e44fd-bfdb-4b93-b790-93cdf878a45f_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f7806a84-b072-46fc-bddd-a04474c9e483" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_9b4e44fd-bfdb-4b93-b790-93cdf878a45f" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f7806a84-b072-46fc-bddd-a04474c9e483" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansAtFairValueMember_bc93d1f1-90d9-49fd-9b0d-cf660873a4dd" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f7806a84-b072-46fc-bddd-a04474c9e483" xlink:to="loc_rwt_ResidentialLoansAtFairValueMember_bc93d1f1-90d9-49fd-9b0d-cf660873a4dd" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails" xlink:type="extended" id="ie3fb75367f19480796487b77acfcfec2_ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails">
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateNumberOfLoans_68607b19-509d-434d-aa1f-dcdf9dec8924" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateNumberOfLoans"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:to="loc_srt_MortgageLoansOnRealEstateNumberOfLoans_68607b19-509d-434d-aa1f-dcdf9dec8924" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_29c18e13-8186-4e5a-877e-5e6bb4975ce1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:to="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_29c18e13-8186-4e5a-877e-5e6bb4975ce1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_0bf950e8-9b64-487b-bb81-d153ad5cf13e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:to="loc_us-gaap_NotesReceivableNet_0bf950e8-9b64-487b-bb81-d153ad5cf13e" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansPastDue_6209218c-f2fa-49e8-bd26-43c458765543" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansPastDue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:to="loc_rwt_FinancingReceivableNumberOfLoansPastDue_6209218c-f2fa-49e8-bd26-43c458765543" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_bbcc2c3d-5a2d-41d0-8952-6547372b1b3d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:to="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_bbcc2c3d-5a2d-41d0-8952-6547372b1b3d" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure_755d0d15-85da-4d19-a89a-14d5e7af01c9" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansInForeclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:to="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure_755d0d15-85da-4d19-a89a-14d5e7af01c9" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure_962bbbbe-0706-438b-a192-3c874de1c95b" xlink:href="rwt-20210331.xsd#rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:to="loc_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure_962bbbbe-0706-438b-a192-3c874de1c95b" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_8ef70181-7cd8-43b5-beb0-ebbc145ed1ce" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_8ef70181-7cd8-43b5-beb0-ebbc145ed1ce" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_8435eabf-23f2-48cd-a842-6bd52207b21a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_8ef70181-7cd8-43b5-beb0-ebbc145ed1ce" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_8435eabf-23f2-48cd-a842-6bd52207b21a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_8435eabf-23f2-48cd-a842-6bd52207b21a_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_8435eabf-23f2-48cd-a842-6bd52207b21a" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_8435eabf-23f2-48cd-a842-6bd52207b21a_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f765978a-108a-4776-9a6b-7de96b66756c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_8435eabf-23f2-48cd-a842-6bd52207b21a" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f765978a-108a-4776-9a6b-7de96b66756c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_46b63a01-c706-4ef9-8fb5-1a2b65f1adeb" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f765978a-108a-4776-9a6b-7de96b66756c" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_46b63a01-c706-4ef9-8fb5-1a2b65f1adeb" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_a482c83b-8f10-4b5e-83f6-d98cc4e239bf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_8ef70181-7cd8-43b5-beb0-ebbc145ed1ce" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_a482c83b-8f10-4b5e-83f6-d98cc4e239bf" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_a482c83b-8f10-4b5e-83f6-d98cc4e239bf_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_a482c83b-8f10-4b5e-83f6-d98cc4e239bf" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_a482c83b-8f10-4b5e-83f6-d98cc4e239bf_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_e4ac39dd-1e3d-4d0c-bdb4-2e998d7b6f9d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_a482c83b-8f10-4b5e-83f6-d98cc4e239bf" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_e4ac39dd-1e3d-4d0c-bdb4-2e998d7b6f9d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_a90af828-4f02-45ad-a126-c6fefca232d3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_e4ac39dd-1e3d-4d0c-bdb4-2e998d7b6f9d" xlink:to="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_a90af828-4f02-45ad-a126-c6fefca232d3" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_0cb4c0c9-df85-4378-87db-bb9febc2398c" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_8ef70181-7cd8-43b5-beb0-ebbc145ed1ce" xlink:to="loc_srt_ConsolidatedEntitiesAxis_0cb4c0c9-df85-4378-87db-bb9febc2398c" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_0cb4c0c9-df85-4378-87db-bb9febc2398c_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidatedEntitiesAxis_0cb4c0c9-df85-4378-87db-bb9febc2398c" xlink:to="loc_srt_ConsolidatedEntitiesDomain_0cb4c0c9-df85-4378-87db-bb9febc2398c_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_ed2b4024-3393-4608-8772-dcacf39f8cfd" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidatedEntitiesAxis_0cb4c0c9-df85-4378-87db-bb9febc2398c" xlink:to="loc_srt_ConsolidatedEntitiesDomain_ed2b4024-3393-4608-8772-dcacf39f8cfd" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_c668521d-e65f-4ef9-808c-76d53bb48150" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_ed2b4024-3393-4608-8772-dcacf39f8cfd" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_c668521d-e65f-4ef9-808c-76d53bb48150" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_de3dc8df-b9da-4c2c-b479-a8ac2b2a3053" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_ed2b4024-3393-4608-8772-dcacf39f8cfd" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_de3dc8df-b9da-4c2c-b479-a8ac2b2a3053" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_903be564-4a81-424f-a4cb-cf954d9518ca" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_ed2b4024-3393-4608-8772-dcacf39f8cfd" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_903be564-4a81-424f-a4cb-cf954d9518ca" xlink:type="arc" order="2"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails" xlink:type="extended" id="i20ccd5dc0525499f87889a865bf4a786_ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails">
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_7e2213ea-e8fd-45fa-8cb7-25abcc991519" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1_a152a390-80e0-47a8-b803-8be8b3102758" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_7e2213ea-e8fd-45fa-8cb7-25abcc991519" xlink:to="loc_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1_a152a390-80e0-47a8-b803-8be8b3102758" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableReclassificationToHeldForSale_247ee88a-33de-4422-a9c5-b1d7ff3f3bdc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableReclassificationToHeldForSale"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_7e2213ea-e8fd-45fa-8cb7-25abcc991519" xlink:to="loc_us-gaap_FinancingReceivableReclassificationToHeldForSale_247ee88a-33de-4422-a9c5-b1d7ff3f3bdc" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1_6e2569d5-61ba-4bd3-aaf0-9897930cfac0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueOptionChangesInFairValueGainLoss1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_7e2213ea-e8fd-45fa-8cb7-25abcc991519" xlink:to="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1_6e2569d5-61ba-4bd3-aaf0-9897930cfac0" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease_9ff883b8-1edf-43a4-81f0-979a7b911f24" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_7e2213ea-e8fd-45fa-8cb7-25abcc991519" xlink:to="loc_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease_9ff883b8-1edf-43a4-81f0-979a7b911f24" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_aa1999bc-e91b-4f05-8091-0a460fbb0f19" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_7e2213ea-e8fd-45fa-8cb7-25abcc991519" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_aa1999bc-e91b-4f05-8091-0a460fbb0f19" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_4cc1908d-01f5-420a-9875-8d17fee5f4a0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_aa1999bc-e91b-4f05-8091-0a460fbb0f19" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_4cc1908d-01f5-420a-9875-8d17fee5f4a0" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_4cc1908d-01f5-420a-9875-8d17fee5f4a0_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_4cc1908d-01f5-420a-9875-8d17fee5f4a0" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_4cc1908d-01f5-420a-9875-8d17fee5f4a0_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_ee0c5a45-acf2-43c9-a6af-7b8ddc21cde5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_4cc1908d-01f5-420a-9875-8d17fee5f4a0" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_ee0c5a45-acf2-43c9-a6af-7b8ddc21cde5" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_cb78ba85-3a20-4243-bb92-b7b20c4281e4" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_ee0c5a45-acf2-43c9-a6af-7b8ddc21cde5" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_cb78ba85-3a20-4243-bb92-b7b20c4281e4" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis_b1e1d3b7-608b-4b82-ad16-dab8b00f243f" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LegalEntityAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_aa1999bc-e91b-4f05-8091-0a460fbb0f19" xlink:to="loc_dei_LegalEntityAxis_b1e1d3b7-608b-4b82-ad16-dab8b00f243f" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_b1e1d3b7-608b-4b82-ad16-dab8b00f243f_default" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_b1e1d3b7-608b-4b82-ad16-dab8b00f243f" xlink:to="loc_dei_EntityDomain_b1e1d3b7-608b-4b82-ad16-dab8b00f243f_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_b8ce2cb0-c9c7-4f4d-9463-f423ddfc713f" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_b1e1d3b7-608b-4b82-ad16-dab8b00f243f" xlink:to="loc_dei_EntityDomain_b8ce2cb0-c9c7-4f4d-9463-f423ddfc713f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RedwoodTrustInc.Member_82b8e31b-b088-47c4-bc83-f941bce5481a" xlink:href="rwt-20210331.xsd#rwt_RedwoodTrustInc.Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_b8ce2cb0-c9c7-4f4d-9463-f423ddfc713f" xlink:to="loc_rwt_RedwoodTrustInc.Member_82b8e31b-b088-47c4-bc83-f941bce5481a" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_8246555f-8f50-44de-ae44-1c01aa82cb8e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_aa1999bc-e91b-4f05-8091-0a460fbb0f19" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_8246555f-8f50-44de-ae44-1c01aa82cb8e" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_8246555f-8f50-44de-ae44-1c01aa82cb8e_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_8246555f-8f50-44de-ae44-1c01aa82cb8e" xlink:to="loc_us-gaap_RelatedPartyDomain_8246555f-8f50-44de-ae44-1c01aa82cb8e_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_3f8f5765-bd5b-4e33-aaa8-2399666d53f1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_8246555f-8f50-44de-ae44-1c01aa82cb8e" xlink:to="loc_us-gaap_RelatedPartyDomain_3f8f5765-bd5b-4e33-aaa8-2399666d53f1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_f86cd563-181c-43c5-ba2a-8ded3ee73555" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_3f8f5765-bd5b-4e33-aaa8-2399666d53f1" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_f86cd563-181c-43c5-ba2a-8ded3ee73555" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_c131b296-1a9f-4684-a4eb-453d7c77d781" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_3f8f5765-bd5b-4e33-aaa8-2399666d53f1" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_c131b296-1a9f-4684-a4eb-453d7c77d781" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_f459638f-e632-4e06-955e-1d09629ade43" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_aa1999bc-e91b-4f05-8091-0a460fbb0f19" xlink:to="loc_srt_ConsolidatedEntitiesAxis_f459638f-e632-4e06-955e-1d09629ade43" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_f459638f-e632-4e06-955e-1d09629ade43_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidatedEntitiesAxis_f459638f-e632-4e06-955e-1d09629ade43" xlink:to="loc_srt_ConsolidatedEntitiesDomain_f459638f-e632-4e06-955e-1d09629ade43_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_08b0bafb-66ac-4b27-ad90-462800cfb8a5" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidatedEntitiesAxis_f459638f-e632-4e06-955e-1d09629ade43" xlink:to="loc_srt_ConsolidatedEntitiesDomain_08b0bafb-66ac-4b27-ad90-462800cfb8a5" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_7a4528da-cffe-408f-a42b-7aff393e3204" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_08b0bafb-66ac-4b27-ad90-462800cfb8a5" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_7a4528da-cffe-408f-a42b-7aff393e3204" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_9da66423-1ca1-493d-8be6-5822d4b5bd4e" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_08b0bafb-66ac-4b27-ad90-462800cfb8a5" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_9da66423-1ca1-493d-8be6-5822d4b5bd4e" xlink:type="arc" order="1"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BusinessPurposeLoans" xlink:type="simple" xlink:href="rwt-20210331.xsd#BusinessPurposeLoans"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/BusinessPurposeLoans" xlink:type="extended" id="icdf0b8944bdb4d6eb592757cfe9d0f64_BusinessPurposeLoans"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BusinessPurposeLoansTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#BusinessPurposeLoansTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/BusinessPurposeLoansTables" xlink:type="extended" id="i1150e5b871cf4d368774894095ff7eab_BusinessPurposeLoansTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails" xlink:type="extended" id="iabf1027442f34722b01fb521f91cc1ea_BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_a544b80c-9b41-4990-9a23-202ec27390e1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_75f9cbb4-a51c-44e8-80ce-d3a3b8bcb200" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_a544b80c-9b41-4990-9a23-202ec27390e1" xlink:to="loc_us-gaap_NotesReceivableNet_75f9cbb4-a51c-44e8-80ce-d3a3b8bcb200" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_49adc526-803c-43b5-b247-c2f2d9d7aff7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_a544b80c-9b41-4990-9a23-202ec27390e1" xlink:to="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_49adc526-803c-43b5-b247-c2f2d9d7aff7" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis_f17ad072-4ddd-4297-84f7-8ea890125699" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LegalEntityAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_49adc526-803c-43b5-b247-c2f2d9d7aff7" xlink:to="loc_dei_LegalEntityAxis_f17ad072-4ddd-4297-84f7-8ea890125699" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_f17ad072-4ddd-4297-84f7-8ea890125699_default" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_f17ad072-4ddd-4297-84f7-8ea890125699" xlink:to="loc_dei_EntityDomain_f17ad072-4ddd-4297-84f7-8ea890125699_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_93feb257-5926-4d5b-9b57-0118499284d5" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_f17ad072-4ddd-4297-84f7-8ea890125699" xlink:to="loc_dei_EntityDomain_93feb257-5926-4d5b-9b57-0118499284d5" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RedwoodTrustInc.Member_3c154272-c556-4aec-bb10-12a8861a8610" xlink:href="rwt-20210331.xsd#rwt_RedwoodTrustInc.Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_93feb257-5926-4d5b-9b57-0118499284d5" xlink:to="loc_rwt_RedwoodTrustInc.Member_3c154272-c556-4aec-bb10-12a8861a8610" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CoreVestAmericanFinanceLenderLLCMember_f8249b01-2398-4317-a26e-fd26aa436157" xlink:href="rwt-20210331.xsd#rwt_CoreVestAmericanFinanceLenderLLCMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_93feb257-5926-4d5b-9b57-0118499284d5" xlink:to="loc_rwt_CoreVestAmericanFinanceLenderLLCMember_f8249b01-2398-4317-a26e-fd26aa436157" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_2820f2cc-1b0e-4303-8e03-d1e30e4969b4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_49adc526-803c-43b5-b247-c2f2d9d7aff7" xlink:to="loc_us-gaap_FinancialInstrumentAxis_2820f2cc-1b0e-4303-8e03-d1e30e4969b4" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2820f2cc-1b0e-4303-8e03-d1e30e4969b4_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_2820f2cc-1b0e-4303-8e03-d1e30e4969b4" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2820f2cc-1b0e-4303-8e03-d1e30e4969b4_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_2820f2cc-1b0e-4303-8e03-d1e30e4969b4" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember_1436eaa3-9eee-4d20-9017-44ce92fbbc0c" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember_1436eaa3-9eee-4d20-9017-44ce92fbbc0c" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember_fbec0d8c-6903-48b8-80ee-449aad47b80a" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember_fbec0d8c-6903-48b8-80ee-449aad47b80a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansMember_cc09a50e-92f1-4bdf-b959-66b36b0e971e" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_SingleFamilyRentalLoansMember_cc09a50e-92f1-4bdf-b959-66b36b0e971e" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialBridgeHeldForSaleAtFairValueMember_5817def4-e245-4995-8f2b-a5665b9ef2c7" xlink:href="rwt-20210331.xsd#rwt_ResidentialBridgeHeldForSaleAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_ResidentialBridgeHeldForSaleAtFairValueMember_5817def4-e245-4995-8f2b-a5665b9ef2c7" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember_08ae0b2d-ead8-4d8e-9c24-ae65db32668c" xlink:href="rwt-20210331.xsd#rwt_ResidentialBridgeLoansHeldForInvestmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember_08ae0b2d-ead8-4d8e-9c24-ae65db32668c" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialBridgeLoansMember_2a2e8e8a-0efc-4f00-9985-6f68850f3156" xlink:href="rwt-20210331.xsd#rwt_ResidentialBridgeLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_ResidentialBridgeLoansMember_2a2e8e8a-0efc-4f00-9985-6f68850f3156" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansHeldForSaleAtFairValueMember_85bfc775-2491-4beb-b02d-0f7686a25aad" xlink:href="rwt-20210331.xsd#rwt_LoansHeldForSaleAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_LoansHeldForSaleAtFairValueMember_85bfc775-2491-4beb-b02d-0f7686a25aad" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansHeldForInvestmentAtFairValueMember_389f4ee1-2d5c-4ccf-8913-08235b32361f" xlink:href="rwt-20210331.xsd#rwt_LoansHeldForInvestmentAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_LoansHeldForInvestmentAtFairValueMember_389f4ee1-2d5c-4ccf-8913-08235b32361f" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansMember_07c17618-eede-4377-9ce8-8708abf89017" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_BusinessPurposeResidentialLoansMember_07c17618-eede-4377-9ce8-8708abf89017" xlink:type="arc" order="8"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails" xlink:type="extended" id="i53e28ac216e047fda8a93b04d978bfa4_BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails">
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToPurchaseLoansHeldForSale_0524ab70-1197-4532-938a-68c733e18e50" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToPurchaseLoansHeldForSale"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_PaymentsToPurchaseLoansHeldForSale_0524ab70-1197-4532-938a-68c733e18e50" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ProceedsFromPrincipalRepaymentsOnSecurities_cc930f7d-9401-4854-8c96-25ca32cb080f" xlink:href="rwt-20210331.xsd#rwt_ProceedsFromPrincipalRepaymentsOnSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_ProceedsFromPrincipalRepaymentsOnSecurities_cc930f7d-9401-4854-8c96-25ca32cb080f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1_afb71711-59c0-42f2-8e0f-5c3ec6ef9855" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1_afb71711-59c0-42f2-8e0f-5c3ec6ef9855" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnInvestments_baee0194-94e7-452d-97e8-b71c319dbbd7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainLossOnInvestments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_GainLossOnInvestments_baee0194-94e7-452d-97e8-b71c319dbbd7" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred_b830aae4-16e5-4686-99a9-19a521ee59cb" xlink:href="rwt-20210331.xsd#rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred_b830aae4-16e5-4686-99a9-19a521ee59cb" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingFees1_c7a03c9c-9485-46f2-9c50-6c14c4fe58ed" xlink:href="rwt-20210331.xsd#rwt_ServicingFees1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_ServicingFees1_c7a03c9c-9485-46f2-9c50-6c14c4fe58ed" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm_dbbc493b-dabe-43c2-9ceb-af2494eac146" xlink:href="rwt-20210331.xsd#rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm_dbbc493b-dabe-43c2-9ceb-af2494eac146" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans_fce10540-ceb9-48d0-a11b-454771ada1ed" xlink:href="rwt-20210331.xsd#rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans_fce10540-ceb9-48d0-a11b-454771ada1ed" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent_79734044-b3df-49da-8a94-0178b2335863" xlink:href="rwt-20210331.xsd#rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent_79734044-b3df-49da-8a94-0178b2335863" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage_fbb81faf-dcfa-4473-accd-2c1ac696c5e4" xlink:href="rwt-20210331.xsd#rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage_fbb81faf-dcfa-4473-accd-2c1ac696c5e4" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransferToOtherRealEstate_790b63cc-d1f0-4158-85b9-dd11269bb6d3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransferToOtherRealEstate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_TransferToOtherRealEstate_790b63cc-d1f0-4158-85b9-dd11269bb6d3" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitment_f99f0433-fdc0-4891-9832-bd36b929a380" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitment"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_OtherCommitment_f99f0433-fdc0-4891-9832-bd36b929a380" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateNumberOfLoans_4e2c1846-e42d-442d-8f59-d3bf5ae60be0" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateNumberOfLoans"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_srt_MortgageLoansOnRealEstateNumberOfLoans_4e2c1846-e42d-442d-8f59-d3bf5ae60be0" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_147f96d1-1b2a-4a94-a35c-eb9c4f26cad0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_147f96d1-1b2a-4a94-a35c-eb9c4f26cad0" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_a8af5640-bf05-43a0-9a2e-efbb00ea589d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_NotesReceivableNet_a8af5640-bf05-43a0-9a2e-efbb00ea589d" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivablesWeightedAverageInterestRate_4a664609-6c55-4387-a60f-01d644c45292" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivablesWeightedAverageInterestRate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_FinancingReceivablesWeightedAverageInterestRate_4a664609-6c55-4387-a60f-01d644c45292" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableContractMaturities_cdfb7f8e-7a70-4929-b342-475b6fa7046a" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableContractMaturities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_FinancingReceivableContractMaturities_cdfb7f8e-7a70-4929-b342-475b6fa7046a" xlink:type="arc" order="16"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansPastDue_3867b56b-e4b3-4334-84cf-1c8db468557c" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansPastDue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_FinancingReceivableNumberOfLoansPastDue_3867b56b-e4b3-4334-84cf-1c8db468557c" xlink:type="arc" order="17"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_f9fdbcdf-e933-471c-85c7-d5c7dd396100" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_f9fdbcdf-e933-471c-85c7-d5c7dd396100" xlink:type="arc" order="18"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue_40101333-ea39-4d88-9fdb-6a97fd874fc6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentPastDue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue_40101333-ea39-4d88-9fdb-6a97fd874fc6" xlink:type="arc" order="19"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure_1268020a-4cab-4f3a-8599-e415252f8a33" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansInForeclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure_1268020a-4cab-4f3a-8599-e415252f8a33" xlink:type="arc" order="20"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure_110cefed-e62a-4cbc-917c-c1d9b4a2ef1f" xlink:href="rwt-20210331.xsd#rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure_110cefed-e62a-4cbc-917c-c1d9b4a2ef1f" xlink:type="arc" order="21"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_0acb2db4-6695-458f-b868-a90b4c858aa5" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_0acb2db4-6695-458f-b868-a90b4c858aa5" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_77b0d4a8-0ab3-4125-bf64-27edf4df4cd9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_0acb2db4-6695-458f-b868-a90b4c858aa5" xlink:to="loc_us-gaap_FinancialInstrumentAxis_77b0d4a8-0ab3-4125-bf64-27edf4df4cd9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_77b0d4a8-0ab3-4125-bf64-27edf4df4cd9_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_77b0d4a8-0ab3-4125-bf64-27edf4df4cd9" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_77b0d4a8-0ab3-4125-bf64-27edf4df4cd9_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0f6f66fe-1965-4966-811e-5dd838b035b7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_77b0d4a8-0ab3-4125-bf64-27edf4df4cd9" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0f6f66fe-1965-4966-811e-5dd838b035b7" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember_1734c6d2-a55c-42b0-a70e-1a0fa8871b1c" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0f6f66fe-1965-4966-811e-5dd838b035b7" xlink:to="loc_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember_1734c6d2-a55c-42b0-a70e-1a0fa8871b1c" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember_fa1e0a60-7d89-47e8-b4fd-c1b3a0252691" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0f6f66fe-1965-4966-811e-5dd838b035b7" xlink:to="loc_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember_fa1e0a60-7d89-47e8-b4fd-c1b3a0252691" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember_ca0512cd-1071-4709-bde5-2faee1e362e1" xlink:href="rwt-20210331.xsd#rwt_ResidentialBridgeLoansHeldForInvestmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0f6f66fe-1965-4966-811e-5dd838b035b7" xlink:to="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember_ca0512cd-1071-4709-bde5-2faee1e362e1" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansMember_65480a5b-7ec9-4ff2-aa94-e9031d479279" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0f6f66fe-1965-4966-811e-5dd838b035b7" xlink:to="loc_rwt_BusinessPurposeResidentialLoansMember_65480a5b-7ec9-4ff2-aa94-e9031d479279" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansHeldForSaleMember_525f4ae3-a205-4304-bc8c-d0ea74252f70" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansHeldForSaleMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0f6f66fe-1965-4966-811e-5dd838b035b7" xlink:to="loc_rwt_SingleFamilyRentalLoansHeldForSaleMember_525f4ae3-a205-4304-bc8c-d0ea74252f70" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeBridgeLoansMember_bc767d9e-b1d5-41a0-8f99-bc2474ea0ed4" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeBridgeLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0f6f66fe-1965-4966-811e-5dd838b035b7" xlink:to="loc_rwt_BusinessPurposeBridgeLoansMember_bc767d9e-b1d5-41a0-8f99-bc2474ea0ed4" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis_7b216faa-01cc-4606-a7ce-e8ac103ff711" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LegalEntityAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_0acb2db4-6695-458f-b868-a90b4c858aa5" xlink:to="loc_dei_LegalEntityAxis_7b216faa-01cc-4606-a7ce-e8ac103ff711" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_7b216faa-01cc-4606-a7ce-e8ac103ff711_default" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_7b216faa-01cc-4606-a7ce-e8ac103ff711" xlink:to="loc_dei_EntityDomain_7b216faa-01cc-4606-a7ce-e8ac103ff711_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_29d25c75-1e6c-48bd-b769-48a19b51b794" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_7b216faa-01cc-4606-a7ce-e8ac103ff711" xlink:to="loc_dei_EntityDomain_29d25c75-1e6c-48bd-b769-48a19b51b794" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RedwoodTrustInc.Member_4215c39e-2275-4657-bf07-63a06582983f" xlink:href="rwt-20210331.xsd#rwt_RedwoodTrustInc.Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_29d25c75-1e6c-48bd-b769-48a19b51b794" xlink:to="loc_rwt_RedwoodTrustInc.Member_4215c39e-2275-4657-bf07-63a06582983f" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_d0db8578-b19e-47ba-97a2-2ad26a5cf215" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_29d25c75-1e6c-48bd-b769-48a19b51b794" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_d0db8578-b19e-47ba-97a2-2ad26a5cf215" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_0038208a-115f-42b3-9894-0ce5634407a8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_0acb2db4-6695-458f-b868-a90b4c858aa5" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_0038208a-115f-42b3-9894-0ce5634407a8" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_0038208a-115f-42b3-9894-0ce5634407a8_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_0038208a-115f-42b3-9894-0ce5634407a8" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_0038208a-115f-42b3-9894-0ce5634407a8_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_0ce27d21-fe49-4900-b1d8-aff40ad4bcc4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_0038208a-115f-42b3-9894-0ce5634407a8" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_0ce27d21-fe49-4900-b1d8-aff40ad4bcc4" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_9b38daca-524f-45d6-9ab2-c7ba5e302385" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_0ce27d21-fe49-4900-b1d8-aff40ad4bcc4" xlink:to="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_9b38daca-524f-45d6-9ab2-c7ba5e302385" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_a8cdfef9-afbb-480d-bb90-173096508acd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_0acb2db4-6695-458f-b868-a90b4c858aa5" xlink:to="loc_us-gaap_InvestmentTypeAxis_a8cdfef9-afbb-480d-bb90-173096508acd" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_a8cdfef9-afbb-480d-bb90-173096508acd_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_InvestmentTypeAxis_a8cdfef9-afbb-480d-bb90-173096508acd" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_a8cdfef9-afbb-480d-bb90-173096508acd_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_e95da83c-dbc0-455d-bbd1-d902ffe60d05" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_InvestmentTypeAxis_a8cdfef9-afbb-480d-bb90-173096508acd" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_e95da83c-dbc0-455d-bbd1-d902ffe60d05" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeMortgageBankingActivitiesMember_5f683ba6-39a6-4ccb-b0a9-1c4378c9ad13" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeMortgageBankingActivitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_e95da83c-dbc0-455d-bbd1-d902ffe60d05" xlink:to="loc_rwt_BusinessPurposeMortgageBankingActivitiesMember_5f683ba6-39a6-4ccb-b0a9-1c4378c9ad13" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansPledgedAsCollateralShortTermDebtMember_e64e98cc-cc66-41b6-b3b4-ef7dfeae5f1b" xlink:href="rwt-20210331.xsd#rwt_LoansPledgedAsCollateralShortTermDebtMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_e95da83c-dbc0-455d-bbd1-d902ffe60d05" xlink:to="loc_rwt_LoansPledgedAsCollateralShortTermDebtMember_e64e98cc-cc66-41b6-b3b4-ef7dfeae5f1b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansPledgedAsCollateralLongTermDebtMember_a423ea43-0eca-46e6-ba2e-6f2c83aad636" xlink:href="rwt-20210331.xsd#rwt_LoansPledgedAsCollateralLongTermDebtMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_e95da83c-dbc0-455d-bbd1-d902ffe60d05" xlink:to="loc_rwt_LoansPledgedAsCollateralLongTermDebtMember_a423ea43-0eca-46e6-ba2e-6f2c83aad636" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_aa45d172-a0f7-495c-99f9-6b6e114bed6a" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_0acb2db4-6695-458f-b868-a90b4c858aa5" xlink:to="loc_srt_RangeAxis_aa45d172-a0f7-495c-99f9-6b6e114bed6a" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_aa45d172-a0f7-495c-99f9-6b6e114bed6a_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_RangeAxis_aa45d172-a0f7-495c-99f9-6b6e114bed6a" xlink:to="loc_srt_RangeMember_aa45d172-a0f7-495c-99f9-6b6e114bed6a_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_ea8c67f5-6304-4f18-8496-d8263b164a4a" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_RangeAxis_aa45d172-a0f7-495c-99f9-6b6e114bed6a" xlink:to="loc_srt_RangeMember_ea8c67f5-6304-4f18-8496-d8263b164a4a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_7e87bdd8-5655-4797-9e0b-2fca4a6c3411" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MinimumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_ea8c67f5-6304-4f18-8496-d8263b164a4a" xlink:to="loc_srt_MinimumMember_7e87bdd8-5655-4797-9e0b-2fca4a6c3411" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_c18ac259-9257-47e3-b5ea-4d530e25b82c" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MaximumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_ea8c67f5-6304-4f18-8496-d8263b164a4a" xlink:to="loc_srt_MaximumMember_c18ac259-9257-47e3-b5ea-4d530e25b82c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsAxis_36aa3a4f-1e1e-42a7-a6b0-00477cda3bd8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitmentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_0acb2db4-6695-458f-b868-a90b4c858aa5" xlink:to="loc_us-gaap_OtherCommitmentsAxis_36aa3a4f-1e1e-42a7-a6b0-00477cda3bd8" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsDomain_36aa3a4f-1e1e-42a7-a6b0-00477cda3bd8_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitmentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_OtherCommitmentsAxis_36aa3a4f-1e1e-42a7-a6b0-00477cda3bd8" xlink:to="loc_us-gaap_OtherCommitmentsDomain_36aa3a4f-1e1e-42a7-a6b0-00477cda3bd8_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsDomain_ed1d9289-c63d-4cb0-b487-c153a8418b1a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitmentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_OtherCommitmentsAxis_36aa3a4f-1e1e-42a7-a6b0-00477cda3bd8" xlink:to="loc_us-gaap_OtherCommitmentsDomain_ed1d9289-c63d-4cb0-b487-c153a8418b1a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundResidentialBridgeLoanMember_4738021e-cbec-48a7-baec-44662a289546" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundResidentialBridgeLoanMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherCommitmentsDomain_ed1d9289-c63d-4cb0-b487-c153a8418b1a" xlink:to="loc_rwt_CommitmentToFundResidentialBridgeLoanMember_4738021e-cbec-48a7-baec-44662a289546" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MultifamilyLoans" xlink:type="simple" xlink:href="rwt-20210331.xsd#MultifamilyLoans"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/MultifamilyLoans" xlink:type="extended" id="i994fbc29a2524c21b8a1905819c0d208_MultifamilyLoans"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MultifamilyLoansTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#MultifamilyLoansTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/MultifamilyLoansTables" xlink:type="extended" id="iae8c4d4c148a4912b0f50365d6c7a6cb_MultifamilyLoansTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MultifamilyLoansDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#MultifamilyLoansDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/MultifamilyLoansDetails" xlink:type="extended" id="i5f9fcb0cbf0643b9b2052b5bbe34d604_MultifamilyLoansDetails">
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateNumberOfLoans_607fd2a1-7193-44f6-9aea-12666ba3760a" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateNumberOfLoans"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:to="loc_srt_MortgageLoansOnRealEstateNumberOfLoans_607fd2a1-7193-44f6-9aea-12666ba3760a" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_373b1b6b-9cbd-4170-ba37-a9ecaf5da990" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:to="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_373b1b6b-9cbd-4170-ba37-a9ecaf5da990" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_20026635-cb67-4c59-b651-f7bc30c3fdad" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:to="loc_us-gaap_NotesReceivableNet_20026635-cb67-4c59-b651-f7bc30c3fdad" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivablesWeightedAverageInterestRate_d15b4d32-2f13-4da9-80db-9c0deaa18313" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivablesWeightedAverageInterestRate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:to="loc_rwt_FinancingReceivablesWeightedAverageInterestRate_d15b4d32-2f13-4da9-80db-9c0deaa18313" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableContractMaturities_d2e8f414-8f69-40d0-b392-d81af02704dd" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableContractMaturities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:to="loc_rwt_FinancingReceivableContractMaturities_d2e8f414-8f69-40d0-b392-d81af02704dd" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansPastDue_ad1f57f6-e4bb-4600-9578-263dc584e07e" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansPastDue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:to="loc_rwt_FinancingReceivableNumberOfLoansPastDue_ad1f57f6-e4bb-4600-9578-263dc584e07e" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure_63278bc1-34c5-422f-b090-5f7f9e680b47" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansInForeclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:to="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure_63278bc1-34c5-422f-b090-5f7f9e680b47" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease_d4ce1662-fc6f-4657-b885-37fb587bd1cf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:to="loc_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease_d4ce1662-fc6f-4657-b885-37fb587bd1cf" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_762ef161-9aab-497b-8657-f74798340abd" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_762ef161-9aab-497b-8657-f74798340abd" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_c942625b-8b44-406f-8b37-f4cb6acb9fc9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_762ef161-9aab-497b-8657-f74798340abd" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_c942625b-8b44-406f-8b37-f4cb6acb9fc9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_c942625b-8b44-406f-8b37-f4cb6acb9fc9_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_c942625b-8b44-406f-8b37-f4cb6acb9fc9" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_c942625b-8b44-406f-8b37-f4cb6acb9fc9_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_3a2450a3-dbdc-48b4-bb91-68c6223596f1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_c942625b-8b44-406f-8b37-f4cb6acb9fc9" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_3a2450a3-dbdc-48b4-bb91-68c6223596f1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_3ad1eec7-e0ab-4f67-a8ea-d92fcf5a5f7a" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_3a2450a3-dbdc-48b4-bb91-68c6223596f1" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_3ad1eec7-e0ab-4f67-a8ea-d92fcf5a5f7a" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis_2b8d4ddc-7228-422c-874d-d2bebe10b7ba" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LegalEntityAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_762ef161-9aab-497b-8657-f74798340abd" xlink:to="loc_dei_LegalEntityAxis_2b8d4ddc-7228-422c-874d-d2bebe10b7ba" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_2b8d4ddc-7228-422c-874d-d2bebe10b7ba_default" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_2b8d4ddc-7228-422c-874d-d2bebe10b7ba" xlink:to="loc_dei_EntityDomain_2b8d4ddc-7228-422c-874d-d2bebe10b7ba_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_21dd5bf2-d048-4899-8f23-047a244267af" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_2b8d4ddc-7228-422c-874d-d2bebe10b7ba" xlink:to="loc_dei_EntityDomain_21dd5bf2-d048-4899-8f23-047a244267af" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RedwoodTrustInc.Member_f227035f-49b1-4185-986e-f61275880dd8" xlink:href="rwt-20210331.xsd#rwt_RedwoodTrustInc.Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_21dd5bf2-d048-4899-8f23-047a244267af" xlink:to="loc_rwt_RedwoodTrustInc.Member_f227035f-49b1-4185-986e-f61275880dd8" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_4f8114d0-b4aa-4e97-8809-757f5e1fa8d7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_762ef161-9aab-497b-8657-f74798340abd" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_4f8114d0-b4aa-4e97-8809-757f5e1fa8d7" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_4f8114d0-b4aa-4e97-8809-757f5e1fa8d7_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_4f8114d0-b4aa-4e97-8809-757f5e1fa8d7" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_4f8114d0-b4aa-4e97-8809-757f5e1fa8d7_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_90028eee-c126-4ce5-a7dc-0b1e0ac87c08" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_4f8114d0-b4aa-4e97-8809-757f5e1fa8d7" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_90028eee-c126-4ce5-a7dc-0b1e0ac87c08" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_28fc23df-5033-40c6-aae1-1769f288d7da" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_90028eee-c126-4ce5-a7dc-0b1e0ac87c08" xlink:to="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_28fc23df-5033-40c6-aae1-1769f288d7da" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_c84d56ff-11ce-47eb-92cb-5dea762a9c6c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_762ef161-9aab-497b-8657-f74798340abd" xlink:to="loc_us-gaap_FinancialInstrumentAxis_c84d56ff-11ce-47eb-92cb-5dea762a9c6c" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c84d56ff-11ce-47eb-92cb-5dea762a9c6c_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_c84d56ff-11ce-47eb-92cb-5dea762a9c6c" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c84d56ff-11ce-47eb-92cb-5dea762a9c6c_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_b6c85546-153b-4fe1-9ef1-6df7279ec7d3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_c84d56ff-11ce-47eb-92cb-5dea762a9c6c" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_b6c85546-153b-4fe1-9ef1-6df7279ec7d3" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansMember_87fc6eef-d573-4af6-b441-6dd418a35bab" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_b6c85546-153b-4fe1-9ef1-6df7279ec7d3" xlink:to="loc_rwt_MultifamilyLoansMember_87fc6eef-d573-4af6-b441-6dd418a35bab" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecurities" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecurities"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecurities" xlink:type="extended" id="i3dcfb54f99724f20bf5d69884f0be05b_RealEstateSecurities"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesTables" xlink:type="extended" id="ic92007a623ab44b1823f968d57ad5ed3_RealEstateSecuritiesTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails" xlink:type="extended" id="i4066d7d0304f4bea93bb879ebcfea980_RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails" xlink:type="extended" id="i911d2418d3da4591b40f3db607ada342_RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentHoldingsLineItems_a1ee96ab-c1ec-44a4-96d1-6c85fcbefbbf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentHoldingsLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecurities_ecdce42d-dad7-49b6-9f1c-6e3ebc77a9a7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradingSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_a1ee96ab-c1ec-44a4-96d1-6c85fcbefbbf" xlink:to="loc_us-gaap_TradingSecurities_ecdce42d-dad7-49b6-9f1c-6e3ebc77a9a7" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentOwnedBalancePrincipalAmount_63c8e90a-8f44-43db-9c92-46449b2a272d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentOwnedBalancePrincipalAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_a1ee96ab-c1ec-44a4-96d1-6c85fcbefbbf" xlink:to="loc_us-gaap_InvestmentOwnedBalancePrincipalAmount_63c8e90a-8f44-43db-9c92-46449b2a272d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment_6519d7e6-983a-4f19-a1a0-c77e35450302" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_a1ee96ab-c1ec-44a4-96d1-6c85fcbefbbf" xlink:to="loc_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment_6519d7e6-983a-4f19-a1a0-c77e35450302" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment_6ef74381-bda2-49d2-9b44-bbe5e63a4591" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_a1ee96ab-c1ec-44a4-96d1-6c85fcbefbbf" xlink:to="loc_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment_6ef74381-bda2-49d2-9b44-bbe5e63a4591" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInTradingSecurities_1f579673-5ed4-4701-addf-31d879453072" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInTradingSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_a1ee96ab-c1ec-44a4-96d1-6c85fcbefbbf" xlink:to="loc_us-gaap_IncreaseDecreaseInTradingSecurities_1f579673-5ed4-4701-addf-31d879453072" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentHoldingsTable_727ea45d-9176-4771-94b5-9b8b1891ce55" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentHoldingsTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_a1ee96ab-c1ec-44a4-96d1-6c85fcbefbbf" xlink:to="loc_us-gaap_InvestmentHoldingsTable_727ea45d-9176-4771-94b5-9b8b1891ce55" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_717c658a-6578-42da-9a60-ba4d61729b4b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_InvestmentHoldingsTable_727ea45d-9176-4771-94b5-9b8b1891ce55" xlink:to="loc_us-gaap_FinancialInstrumentAxis_717c658a-6578-42da-9a60-ba4d61729b4b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_717c658a-6578-42da-9a60-ba4d61729b4b_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_717c658a-6578-42da-9a60-ba4d61729b4b" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_717c658a-6578-42da-9a60-ba4d61729b4b_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5d19293f-d0cf-418d-b0b4-6e0212e2edb2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_717c658a-6578-42da-9a60-ba4d61729b4b" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5d19293f-d0cf-418d-b0b4-6e0212e2edb2" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestOnlySeniorTradingSecuritiesMember_bad3c581-6ee7-4fef-a075-a4041ce122a1" xlink:href="rwt-20210331.xsd#rwt_InterestOnlySeniorTradingSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5d19293f-d0cf-418d-b0b4-6e0212e2edb2" xlink:to="loc_rwt_InterestOnlySeniorTradingSecuritiesMember_bad3c581-6ee7-4fef-a075-a4041ce122a1" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaSecuritiesMember_dd307dde-5d82-4a15-a43f-b8b6c6f37d6c" xlink:href="rwt-20210331.xsd#rwt_SequoiaSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5d19293f-d0cf-418d-b0b4-6e0212e2edb2" xlink:to="loc_rwt_SequoiaSecuritiesMember_dd307dde-5d82-4a15-a43f-b8b6c6f37d6c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RepreformingLoansSecuritiesMember_109d93e3-7def-4842-8e5e-8aa7111e8f4c" xlink:href="rwt-20210331.xsd#rwt_RepreformingLoansSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5d19293f-d0cf-418d-b0b4-6e0212e2edb2" xlink:to="loc_rwt_RepreformingLoansSecuritiesMember_109d93e3-7def-4842-8e5e-8aa7111e8f4c" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansMember_70f6c029-c8bf-4d2a-868a-47eb53ac248a" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5d19293f-d0cf-418d-b0b4-6e0212e2edb2" xlink:to="loc_rwt_MultifamilyLoansMember_70f6c029-c8bf-4d2a-868a-47eb53ac248a" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherThirdPartySecuritiesMember_5e8d1ac0-8e92-43fb-aadb-73b57c32d4f7" xlink:href="rwt-20210331.xsd#rwt_OtherThirdPartySecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5d19293f-d0cf-418d-b0b4-6e0212e2edb2" xlink:to="loc_rwt_OtherThirdPartySecuritiesMember_5e8d1ac0-8e92-43fb-aadb-73b57c32d4f7" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_53528243-5b55-44eb-b02c-082a87896d43" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_InvestmentHoldingsTable_727ea45d-9176-4771-94b5-9b8b1891ce55" xlink:to="loc_us-gaap_InvestmentTypeAxis_53528243-5b55-44eb-b02c-082a87896d43" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_53528243-5b55-44eb-b02c-082a87896d43_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_InvestmentTypeAxis_53528243-5b55-44eb-b02c-082a87896d43" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_53528243-5b55-44eb-b02c-082a87896d43_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_cf501512-1392-44d8-bcf8-594711d6835e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_InvestmentTypeAxis_53528243-5b55-44eb-b02c-082a87896d43" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_cf501512-1392-44d8-bcf8-594711d6835e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorSecuritiesMember_7f64b006-111b-4c7b-95e4-f79df9e152ff" xlink:href="rwt-20210331.xsd#rwt_SeniorSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_cf501512-1392-44d8-bcf8-594711d6835e" xlink:to="loc_rwt_SeniorSecuritiesMember_7f64b006-111b-4c7b-95e4-f79df9e152ff" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember_2c0a3059-c840-44f3-83ee-23463333f439" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesPrimeMezzanineMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_cf501512-1392-44d8-bcf8-594711d6835e" xlink:to="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember_2c0a3059-c840-44f3-83ee-23463333f439" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesPrimeSubordinateMember_480ec83a-ad60-4bd2-bcfa-44d2d1920159" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesPrimeSubordinateMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_cf501512-1392-44d8-bcf8-594711d6835e" xlink:to="loc_rwt_RealEstateSecuritiesPrimeSubordinateMember_480ec83a-ad60-4bd2-bcfa-44d2d1920159" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_52e6fbf0-315f-4951-aafe-c23f0c45bbae" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_InvestmentHoldingsTable_727ea45d-9176-4771-94b5-9b8b1891ce55" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_52e6fbf0-315f-4951-aafe-c23f0c45bbae" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_52e6fbf0-315f-4951-aafe-c23f0c45bbae_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_52e6fbf0-315f-4951-aafe-c23f0c45bbae" xlink:to="loc_us-gaap_RelatedPartyDomain_52e6fbf0-315f-4951-aafe-c23f0c45bbae_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_b41af1fd-139a-4dec-b195-6fe748efce76" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_52e6fbf0-315f-4951-aafe-c23f0c45bbae" xlink:to="loc_us-gaap_RelatedPartyDomain_b41af1fd-139a-4dec-b195-6fe748efce76" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_6616ae58-dcab-451a-9aac-5fd4f83edbec" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_b41af1fd-139a-4dec-b195-6fe748efce76" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_6616ae58-dcab-451a-9aac-5fd4f83edbec" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails" xlink:type="extended" id="i327cd6aaad064941b9e7dcc14b91abee_RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentHoldingsLineItems_4a495024-749f-402e-85c9-ca3a98d4f150" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentHoldingsLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_4614ba2e-a899-4d12-9c1a-dc719e36aaad" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_4a495024-749f-402e-85c9-ca3a98d4f150" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_4614ba2e-a899-4d12-9c1a-dc719e36aaad" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_bbcbe814-a8d4-4f8a-aa7f-1037be211628" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_4a495024-749f-402e-85c9-ca3a98d4f150" xlink:to="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_bbcbe814-a8d4-4f8a-aa7f-1037be211628" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt_907d6cb6-dee3-4ad7-a608-5d3381bfc7e1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_4a495024-749f-402e-85c9-ca3a98d4f150" xlink:to="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt_907d6cb6-dee3-4ad7-a608-5d3381bfc7e1" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_7508f465-4705-4f0c-9b60-5b32e910cecb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleRealizedGain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_4a495024-749f-402e-85c9-ca3a98d4f150" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_7508f465-4705-4f0c-9b60-5b32e910cecb" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentHoldingsTable_03354e56-eb19-41b6-8eef-ffbe3654696a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentHoldingsTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_4a495024-749f-402e-85c9-ca3a98d4f150" xlink:to="loc_us-gaap_InvestmentHoldingsTable_03354e56-eb19-41b6-8eef-ffbe3654696a" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_ef7bb313-fc1b-42f1-b82a-be6dc212a832" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_InvestmentHoldingsTable_03354e56-eb19-41b6-8eef-ffbe3654696a" xlink:to="loc_us-gaap_FinancialInstrumentAxis_ef7bb313-fc1b-42f1-b82a-be6dc212a832" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_ef7bb313-fc1b-42f1-b82a-be6dc212a832_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_ef7bb313-fc1b-42f1-b82a-be6dc212a832" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_ef7bb313-fc1b-42f1-b82a-be6dc212a832_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_6244dfe6-736c-422d-a973-45623088c70e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_ef7bb313-fc1b-42f1-b82a-be6dc212a832" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_6244dfe6-736c-422d-a973-45623088c70e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherThirdPartySecuritiesMember_59ac0e69-0a0a-4258-ab39-6fbdd6984f8c" xlink:href="rwt-20210331.xsd#rwt_OtherThirdPartySecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_6244dfe6-736c-422d-a973-45623088c70e" xlink:to="loc_rwt_OtherThirdPartySecuritiesMember_59ac0e69-0a0a-4258-ab39-6fbdd6984f8c" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaSecuritiesMember_853c8401-2865-4af0-9104-5456a34a7972" xlink:href="rwt-20210331.xsd#rwt_SequoiaSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_6244dfe6-736c-422d-a973-45623088c70e" xlink:to="loc_rwt_SequoiaSecuritiesMember_853c8401-2865-4af0-9104-5456a34a7972" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansMember_b344d776-019e-4346-92ae-0a9ba9a60dab" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_6244dfe6-736c-422d-a973-45623088c70e" xlink:to="loc_rwt_MultifamilyLoansMember_b344d776-019e-4346-92ae-0a9ba9a60dab" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_e7b3dce4-b07f-4723-80d3-b01a8355850a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_InvestmentHoldingsTable_03354e56-eb19-41b6-8eef-ffbe3654696a" xlink:to="loc_us-gaap_InvestmentTypeAxis_e7b3dce4-b07f-4723-80d3-b01a8355850a" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_e7b3dce4-b07f-4723-80d3-b01a8355850a_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_InvestmentTypeAxis_e7b3dce4-b07f-4723-80d3-b01a8355850a" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_e7b3dce4-b07f-4723-80d3-b01a8355850a_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_1b6c5b7f-3e7d-42ab-8a04-65998c7d8449" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_InvestmentTypeAxis_e7b3dce4-b07f-4723-80d3-b01a8355850a" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_1b6c5b7f-3e7d-42ab-8a04-65998c7d8449" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember_bec62051-3f7e-4dd1-992d-24b8a2f0353b" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesPrimeMezzanineMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_1b6c5b7f-3e7d-42ab-8a04-65998c7d8449" xlink:to="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember_bec62051-3f7e-4dd1-992d-24b8a2f0353b" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesPrimeSubordinateMember_e680929b-44ea-4009-880e-6d716a0bd04d" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesPrimeSubordinateMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_1b6c5b7f-3e7d-42ab-8a04-65998c7d8449" xlink:to="loc_rwt_RealEstateSecuritiesPrimeSubordinateMember_e680929b-44ea-4009-880e-6d716a0bd04d" xlink:type="arc" order="1"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesAdditionalInformationDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails" xlink:type="extended" id="i47cd56bb5e834b528b6ee0b968e90da8_RealEstateSecuritiesAdditionalInformationDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentHoldingsLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_870add11-6e48-4e72-939c-4ec2b54ed66d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_870add11-6e48-4e72-939c-4ec2b54ed66d" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_dc70c2ba-a193-43b8-91cc-5586ceeeb570" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_dc70c2ba-a193-43b8-91cc-5586ceeeb570" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfAvailableForSaleSecurities_1201c6e5-bf0e-481e-a76e-63d98fcd330a" xlink:href="rwt-20210331.xsd#rwt_NumberOfAvailableForSaleSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:to="loc_rwt_NumberOfAvailableForSaleSecurities_1201c6e5-bf0e-481e-a76e-63d98fcd330a" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions_e88c13d2-7050-4c7f-98f6-c10e6b8696ce" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions_e88c13d2-7050-4c7f-98f6-c10e6b8696ce" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths_8d1f9c49-ebb9-40f8-9aff-4c021bc4fa44" xlink:href="rwt-20210331.xsd#rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:to="loc_rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths_8d1f9c49-ebb9-40f8-9aff-4c021bc4fa44" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_7399f9fb-714f-436e-97d2-0cb9d6cf7dbd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_7399f9fb-714f-436e-97d2-0cb9d6cf7dbd" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_573d7189-29e9-4c1e-999d-b3cb625f9a0e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_573d7189-29e9-4c1e-999d-b3cb625f9a0e" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentHoldingsTable_4b419fc7-196f-48e9-8f94-fb6b457066fc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentHoldingsTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:to="loc_us-gaap_InvestmentHoldingsTable_4b419fc7-196f-48e9-8f94-fb6b457066fc" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_6dd2ed17-1dab-49b8-869c-6d40dc05c831" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_InvestmentHoldingsTable_4b419fc7-196f-48e9-8f94-fb6b457066fc" xlink:to="loc_us-gaap_FinancialInstrumentAxis_6dd2ed17-1dab-49b8-869c-6d40dc05c831" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_6dd2ed17-1dab-49b8-869c-6d40dc05c831_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_6dd2ed17-1dab-49b8-869c-6d40dc05c831" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_6dd2ed17-1dab-49b8-869c-6d40dc05c831_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c2cbb4aa-57c0-47bc-babb-29a576191851" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_6dd2ed17-1dab-49b8-869c-6d40dc05c831" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c2cbb4aa-57c0-47bc-babb-29a576191851" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_a7476d8a-d9ab-4049-b7dc-5c6d798a0d66" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageBackedSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c2cbb4aa-57c0-47bc-babb-29a576191851" xlink:to="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_a7476d8a-d9ab-4049-b7dc-5c6d798a0d66" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails" xlink:type="extended" id="i38f8880ceee94cab9cbbd5fbd6d97864_RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableForSalePrincipalBalance_b83bf145-d7e4-4487-a5bb-51cebfa698c7" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableForSalePrincipalBalance"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:to="loc_rwt_DebtSecuritiesAvailableForSalePrincipalBalance_b83bf145-d7e4-4487-a5bb-51cebfa698c7" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableForSaleCreditReserve_7760d179-cd52-4385-aa1f-95990322e9a5" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableForSaleCreditReserve"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:to="loc_rwt_DebtSecuritiesAvailableForSaleCreditReserve_7760d179-cd52-4385-aa1f-95990322e9a5" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_92c4344f-1e3b-4673-b6ad-9b6c4706cdcd" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:to="loc_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_92c4344f-1e3b-4673-b6ad-9b6c4706cdcd" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_b464c8f7-c456-4c47-a9cc-1e59df8665cb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_b464c8f7-c456-4c47-a9cc-1e59df8665cb" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_11612cd9-ca1d-4a97-bea5-eb8a4624a65e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_11612cd9-ca1d-4a97-bea5-eb8a4624a65e" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_c32355d1-c5fa-46c1-a93c-4dbeaf7bdfa2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_c32355d1-c5fa-46c1-a93c-4dbeaf7bdfa2" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_a2df8928-e097-4714-a8b7-3d0a3329e8e5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_a2df8928-e097-4714-a8b7-3d0a3329e8e5" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_f0293507-57dd-4e8c-b632-ca4bb9dd6a12" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_f0293507-57dd-4e8c-b632-ca4bb9dd6a12" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_7f36cf99-7d9b-47e5-aa03-fb9390e02518" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_7f36cf99-7d9b-47e5-aa03-fb9390e02518" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_28a631e1-6eae-40ed-b142-09a8422915ea" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_7f36cf99-7d9b-47e5-aa03-fb9390e02518" xlink:to="loc_us-gaap_InvestmentTypeAxis_28a631e1-6eae-40ed-b142-09a8422915ea" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_28a631e1-6eae-40ed-b142-09a8422915ea_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_InvestmentTypeAxis_28a631e1-6eae-40ed-b142-09a8422915ea" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_28a631e1-6eae-40ed-b142-09a8422915ea_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_94202589-1a76-4000-9986-b5c2406c294d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_InvestmentTypeAxis_28a631e1-6eae-40ed-b142-09a8422915ea" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_94202589-1a76-4000-9986-b5c2406c294d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember_ca3d53dc-59fc-4452-ae02-423ba7f290ce" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesPrimeMezzanineMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_94202589-1a76-4000-9986-b5c2406c294d" xlink:to="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember_ca3d53dc-59fc-4452-ae02-423ba7f290ce" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SubordinateSecuritiesMember_5de58053-f572-46ff-bdb0-7fb505a6975a" xlink:href="rwt-20210331.xsd#rwt_SubordinateSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_94202589-1a76-4000-9986-b5c2406c294d" xlink:to="loc_rwt_SubordinateSecuritiesMember_5de58053-f572-46ff-bdb0-7fb505a6975a" xlink:type="arc" order="1"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails" xlink:type="extended" id="i7fac04a1d52842098300ab6c6a991aaf_RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_de08ec59-0b88-4db0-95a4-199bc032d7bb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward_54bdd676-bc42-4056-9630-15048ddb8758" xlink:href="rwt-20210331.xsd#rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_de08ec59-0b88-4db0-95a4-199bc032d7bb" xlink:to="loc_rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward_54bdd676-bc42-4056-9630-15048ddb8758" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_6f2e6e19-67f0-4169-a3fb-a4c76f7993bf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward_54bdd676-bc42-4056-9630-15048ddb8758" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_6f2e6e19-67f0-4169-a3fb-a4c76f7993bf" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_12919af3-b725-460f-9699-2f3aed0cbcf0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_6f2e6e19-67f0-4169-a3fb-a4c76f7993bf" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_12919af3-b725-460f-9699-2f3aed0cbcf0" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium_9c7cdfef-8e47-40a4-a2ce-1ed477879612" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_6f2e6e19-67f0-4169-a3fb-a4c76f7993bf" xlink:to="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium_9c7cdfef-8e47-40a4-a2ce-1ed477879612" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses_85e005ab-1593-4ce2-9007-db302150735a" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_6f2e6e19-67f0-4169-a3fb-a4c76f7993bf" xlink:to="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses_85e005ab-1593-4ce2-9007-db302150735a" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions_ae0c133c-bf8f-4610-a7d7-b10f370110c7" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_6f2e6e19-67f0-4169-a3fb-a4c76f7993bf" xlink:to="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions_ae0c133c-bf8f-4610-a7d7-b10f370110c7" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold_20bbe412-7cde-4d0a-a1e4-7a1c6526af3f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_6f2e6e19-67f0-4169-a3fb-a4c76f7993bf" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold_20bbe412-7cde-4d0a-a1e4-7a1c6526af3f" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal_9e9f22d4-abb6-4cea-9aa6-169dc9eb7087" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_6f2e6e19-67f0-4169-a3fb-a4c76f7993bf" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal_9e9f22d4-abb6-4cea-9aa6-169dc9eb7087" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_d2c8e3cc-38a4-4a16-b9f5-db2c34321a2f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_80528e29-0a1e-48e4-aad5-143ad970da59" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward_54bdd676-bc42-4056-9630-15048ddb8758" xlink:to="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_80528e29-0a1e-48e4-aad5-143ad970da59" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_912362cf-6a9d-4488-b17b-3d7e09aac14c" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_80528e29-0a1e-48e4-aad5-143ad970da59" xlink:to="loc_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_912362cf-6a9d-4488-b17b-3d7e09aac14c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium_8164a04c-aaee-4094-9aa7-ad3c2b4f0353" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_80528e29-0a1e-48e4-aad5-143ad970da59" xlink:to="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium_8164a04c-aaee-4094-9aa7-ad3c2b4f0353" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses_1faf632b-129c-4dd9-91ae-29608c5c8099" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_80528e29-0a1e-48e4-aad5-143ad970da59" xlink:to="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses_1faf632b-129c-4dd9-91ae-29608c5c8099" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions_ff847611-b8bc-403c-8d70-4d8bbdfd1991" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_80528e29-0a1e-48e4-aad5-143ad970da59" xlink:to="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions_ff847611-b8bc-403c-8d70-4d8bbdfd1991" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther_181ce83e-7939-4dc3-99ec-c5d947525e03" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_80528e29-0a1e-48e4-aad5-143ad970da59" xlink:to="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther_181ce83e-7939-4dc3-99ec-c5d947525e03" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves_3d0dffc2-516f-4c6b-8881-a9023377b52d" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_80528e29-0a1e-48e4-aad5-143ad970da59" xlink:to="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves_3d0dffc2-516f-4c6b-8881-a9023377b52d" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_679e9a82-7811-4a0e-bb8c-06b2fde6242b" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_04c2d032-81e0-4527-8078-00e8e8148d94" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_de08ec59-0b88-4db0-95a4-199bc032d7bb" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_04c2d032-81e0-4527-8078-00e8e8148d94" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_5a0ecf49-7d46-45b1-9ecc-f285cc9561c1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_04c2d032-81e0-4527-8078-00e8e8148d94" xlink:to="loc_us-gaap_FinancialInstrumentAxis_5a0ecf49-7d46-45b1-9ecc-f285cc9561c1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5a0ecf49-7d46-45b1-9ecc-f285cc9561c1_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_5a0ecf49-7d46-45b1-9ecc-f285cc9561c1" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5a0ecf49-7d46-45b1-9ecc-f285cc9561c1_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_3bf7c058-cc9e-4aa4-9ab7-463fc1231d30" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_5a0ecf49-7d46-45b1-9ecc-f285cc9561c1" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_3bf7c058-cc9e-4aa4-9ab7-463fc1231d30" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_d8a6455e-6ddb-4906-97fc-916c67e715d7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageBackedSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_3bf7c058-cc9e-4aa4-9ab7-463fc1231d30" xlink:to="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_d8a6455e-6ddb-4906-97fc-916c67e715d7" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails" xlink:type="extended" id="id8bc8aabf03c4902b33ab8c812530225_RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_6eb40852-8a60-4b6b-977f-01f3fa5066f0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost_d841bf75-e596-4dbe-b5c7-334213576bdd" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_6eb40852-8a60-4b6b-977f-01f3fa5066f0" xlink:to="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost_d841bf75-e596-4dbe-b5c7-334213576bdd" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_c488d23e-0d8e-4277-a7e3-c1d5ce169967" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_6eb40852-8a60-4b6b-977f-01f3fa5066f0" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_c488d23e-0d8e-4277-a7e3-c1d5ce169967" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months_19971a79-41b0-40db-82f7-599f1ebd95d0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_6eb40852-8a60-4b6b-977f-01f3fa5066f0" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months_19971a79-41b0-40db-82f7-599f1ebd95d0" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost_4721c172-1a39-4e27-9e3c-548dd2e81611" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_6eb40852-8a60-4b6b-977f-01f3fa5066f0" xlink:to="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost_4721c172-1a39-4e27-9e3c-548dd2e81611" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_9eedba4a-a3d7-4baf-8ce5-a8dbbc6ed727" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_6eb40852-8a60-4b6b-977f-01f3fa5066f0" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_9eedba4a-a3d7-4baf-8ce5-a8dbbc6ed727" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger_8980a6ca-d018-44d8-8d8f-38f28540de7e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_6eb40852-8a60-4b6b-977f-01f3fa5066f0" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger_8980a6ca-d018-44d8-8d8f-38f28540de7e" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_1c6d205b-e1e8-4448-b44c-42786c8f455a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_6eb40852-8a60-4b6b-977f-01f3fa5066f0" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_1c6d205b-e1e8-4448-b44c-42786c8f455a" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_d41eb903-3a9e-4bae-b17c-220f4dd6ef6f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_1c6d205b-e1e8-4448-b44c-42786c8f455a" xlink:to="loc_us-gaap_FinancialInstrumentAxis_d41eb903-3a9e-4bae-b17c-220f4dd6ef6f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_d41eb903-3a9e-4bae-b17c-220f4dd6ef6f_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_d41eb903-3a9e-4bae-b17c-220f4dd6ef6f" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_d41eb903-3a9e-4bae-b17c-220f4dd6ef6f_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1c13855e-6dc9-4ce4-b99b-ac0eef74cc7d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_d41eb903-3a9e-4bae-b17c-220f4dd6ef6f" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1c13855e-6dc9-4ce4-b99b-ac0eef74cc7d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_e10f7833-737e-4dfd-8d6a-f79e57cdaccd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageBackedSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1c13855e-6dc9-4ce4-b99b-ac0eef74cc7d" xlink:to="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_e10f7833-737e-4dfd-8d6a-f79e57cdaccd" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails" xlink:type="extended" id="i1534e6b98cda4a3ab00f5c3a5b76693a_RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_7de38476-4b8d-49ac-b429-f4e569da2fd9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate_e8eb746f-2a1d-4862-ad99-77fb2a3e28d0" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_7de38476-4b8d-49ac-b429-f4e569da2fd9" xlink:to="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate_e8eb746f-2a1d-4862-ad99-77fb2a3e28d0" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity_9645a8b8-e0ff-4b48-aead-c3a9832e6517" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_7de38476-4b8d-49ac-b429-f4e569da2fd9" xlink:to="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity_9645a8b8-e0ff-4b48-aead-c3a9832e6517" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_b80eb855-9b00-4453-b6c6-49fe4a43f9ee" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_7de38476-4b8d-49ac-b429-f4e569da2fd9" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_b80eb855-9b00-4453-b6c6-49fe4a43f9ee" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_fab0a3ff-234e-4bef-8949-3cf1d2dea70a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_b80eb855-9b00-4453-b6c6-49fe4a43f9ee" xlink:to="loc_us-gaap_FinancialInstrumentAxis_fab0a3ff-234e-4bef-8949-3cf1d2dea70a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_fab0a3ff-234e-4bef-8949-3cf1d2dea70a_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_fab0a3ff-234e-4bef-8949-3cf1d2dea70a" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_fab0a3ff-234e-4bef-8949-3cf1d2dea70a_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_37407db1-eddd-4b49-9565-54fd061a6544" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_fab0a3ff-234e-4bef-8949-3cf1d2dea70a" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_37407db1-eddd-4b49-9565-54fd061a6544" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SubordinateSecuritiesMember_65efe923-7641-45a1-aa10-0064c1195e13" xlink:href="rwt-20210331.xsd#rwt_SubordinateSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_37407db1-eddd-4b49-9565-54fd061a6544" xlink:to="loc_rwt_SubordinateSecuritiesMember_65efe923-7641-45a1-aa10-0064c1195e13" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails" xlink:type="extended" id="i2ceab1c81df2486f97ddee2eeafa6954_RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails" xlink:type="extended" id="i025dec4353e045829051bec29a93c848_RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_a83358ae-3514-418e-b031-96a4ec5d7e90" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_3bd5992d-f22e-46be-8b83-90d77dee679b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleRealizedGain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_a83358ae-3514-418e-b031-96a4ec5d7e90" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_3bd5992d-f22e-46be-8b83-90d77dee679b" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss_8bc756cf-1412-4c88-9ef4-4c0249c15b7d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_a83358ae-3514-418e-b031-96a4ec5d7e90" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss_8bc756cf-1412-4c88-9ef4-4c0249c15b7d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls_c5a0556d-528c-4ad9-870c-8ca72d17a191" xlink:href="rwt-20210331.xsd#rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_a83358ae-3514-418e-b031-96a4ec5d7e90" xlink:to="loc_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls_c5a0556d-528c-4ad9-870c-8ca72d17a191" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_193ea036-9d5f-4113-a9c5-3e7d7d6549af" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_a83358ae-3514-418e-b031-96a4ec5d7e90" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_193ea036-9d5f-4113-a9c5-3e7d7d6549af" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OptionIndexedToIssuersEquityEquityAxis_dd1ef2c9-1927-4c14-ab19-f01650233df6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OptionIndexedToIssuersEquityEquityAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_193ea036-9d5f-4113-a9c5-3e7d7d6549af" xlink:to="loc_us-gaap_OptionIndexedToIssuersEquityEquityAxis_dd1ef2c9-1927-4c14-ab19-f01650233df6" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OptionIndexedToIssuersEquityTypeDomain_dd1ef2c9-1927-4c14-ab19-f01650233df6_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OptionIndexedToIssuersEquityTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_OptionIndexedToIssuersEquityEquityAxis_dd1ef2c9-1927-4c14-ab19-f01650233df6" xlink:to="loc_us-gaap_OptionIndexedToIssuersEquityTypeDomain_dd1ef2c9-1927-4c14-ab19-f01650233df6_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OptionIndexedToIssuersEquityTypeDomain_d75b966f-33fc-43e8-986a-5923bc39923c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OptionIndexedToIssuersEquityTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_OptionIndexedToIssuersEquityEquityAxis_dd1ef2c9-1927-4c14-ab19-f01650233df6" xlink:to="loc_us-gaap_OptionIndexedToIssuersEquityTypeDomain_d75b966f-33fc-43e8-986a-5923bc39923c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PutOptionMember_f5a54224-78e1-4af0-9b9b-a6ad85d5bfc1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PutOptionMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OptionIndexedToIssuersEquityTypeDomain_d75b966f-33fc-43e8-986a-5923bc39923c" xlink:to="loc_us-gaap_PutOptionMember_f5a54224-78e1-4af0-9b9b-a6ad85d5bfc1" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CallOptionMember_743fb1ca-71e8-4b32-b212-053b2e795d96" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CallOptionMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OptionIndexedToIssuersEquityTypeDomain_d75b966f-33fc-43e8-986a-5923bc39923c" xlink:to="loc_us-gaap_CallOptionMember_743fb1ca-71e8-4b32-b212-053b2e795d96" xlink:type="arc" order="1"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherInvestments" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherInvestments"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/OtherInvestments" xlink:type="extended" id="i07a82334e8b74de3946a156dde2a189b_OtherInvestments"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherInvestmentsTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherInvestmentsTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/OtherInvestmentsTables" xlink:type="extended" id="i3f43d73a1c95474c91b2a3695e22342a_OtherInvestmentsTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherInvestmentsSummaryofOtherInvestmentsDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails" xlink:type="extended" id="i88ae64fe4e4b4473b2141f6e3c440afd_OtherInvestmentsSummaryofOtherInvestmentsDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_b7cee9f1-1d87-45ae-91ae-3fc6a7323951" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_809314ec-76b6-4a14-a6a7-befe1537ba0b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_b7cee9f1-1d87-45ae-91ae-3fc6a7323951" xlink:to="loc_us-gaap_ServicingAssetAtFairValueAmount_809314ec-76b6-4a14-a6a7-befe1537ba0b" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanHeldForInvestmentAmount_d1c88432-7a6a-4314-bc6e-1acc661ac605" xlink:href="rwt-20210331.xsd#rwt_LoanHeldForInvestmentAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_b7cee9f1-1d87-45ae-91ae-3fc6a7323951" xlink:to="loc_rwt_LoanHeldForInvestmentAmount_d1c88432-7a6a-4314-bc6e-1acc661ac605" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestments_ef58e910-9a2a-4c5e-920b-ec97664c286b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherInvestments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_b7cee9f1-1d87-45ae-91ae-3fc6a7323951" xlink:to="loc_us-gaap_OtherInvestments_ef58e910-9a2a-4c5e-920b-ec97664c286b" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_b12a8c37-75e9-4f49-9f22-97893f93c93c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_b7cee9f1-1d87-45ae-91ae-3fc6a7323951" xlink:to="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_b12a8c37-75e9-4f49-9f22-97893f93c93c" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_f4975bc6-acb7-48fd-b3ee-25be7ae1df9d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_b12a8c37-75e9-4f49-9f22-97893f93c93c" xlink:to="loc_us-gaap_InvestmentTypeAxis_f4975bc6-acb7-48fd-b3ee-25be7ae1df9d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_f4975bc6-acb7-48fd-b3ee-25be7ae1df9d_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_InvestmentTypeAxis_f4975bc6-acb7-48fd-b3ee-25be7ae1df9d" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_f4975bc6-acb7-48fd-b3ee-25be7ae1df9d_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_d2fc3cfe-aaa3-4df0-8e2a-cbef5240b637" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_InvestmentTypeAxis_f4975bc6-acb7-48fd-b3ee-25be7ae1df9d" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_d2fc3cfe-aaa3-4df0-8e2a-cbef5240b637" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionMember_c683b056-5711-4083-9933-e1b4cb8655ce" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_d2fc3cfe-aaa3-4df0-8e2a-cbef5240b637" xlink:to="loc_rwt_HomeAppreciationOptionMember_c683b056-5711-4083-9933-e1b4cb8655ce" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_22888f18-230b-4d5f-ba66-d3059439ce58" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_d2fc3cfe-aaa3-4df0-8e2a-cbef5240b637" xlink:to="loc_rwt_MortgageServicingRightsMember_22888f18-230b-4d5f-ba66-d3059439ce58" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherNotesReceivableMember_0656ab36-9dfe-4903-a53d-e026f6ab2fb2" xlink:href="rwt-20210331.xsd#rwt_OtherNotesReceivableMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_d2fc3cfe-aaa3-4df0-8e2a-cbef5240b637" xlink:to="loc_rwt_OtherNotesReceivableMember_0656ab36-9dfe-4903-a53d-e026f6ab2fb2" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_fcbb9ad3-227e-42f5-9f40-3392e9353d97" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_b12a8c37-75e9-4f49-9f22-97893f93c93c" xlink:to="loc_us-gaap_FinancialInstrumentAxis_fcbb9ad3-227e-42f5-9f40-3392e9353d97" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_fcbb9ad3-227e-42f5-9f40-3392e9353d97_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_fcbb9ad3-227e-42f5-9f40-3392e9353d97" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_fcbb9ad3-227e-42f5-9f40-3392e9353d97_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_3a84406f-6193-46be-be3e-01c19f8719b7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_fcbb9ad3-227e-42f5-9f40-3392e9353d97" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_3a84406f-6193-46be-be3e-01c19f8719b7" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageMember_8446c676-3ef3-4313-a6a2-a41538687da1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_3a84406f-6193-46be-be3e-01c19f8719b7" xlink:to="loc_us-gaap_ResidentialMortgageMember_8446c676-3ef3-4313-a6a2-a41538687da1" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_99153c41-680c-4fd0-a5ca-facf25ee4f57" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_3a84406f-6193-46be-be3e-01c19f8719b7" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_99153c41-680c-4fd0-a5ca-facf25ee4f57" xlink:type="arc" order="1"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherInvestmentsAdditionalInformationDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails" xlink:type="extended" id="if3a5308020f844f3813bfbf8834a4c5e_OtherInvestmentsAdditionalInformationDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfPartnershipsConsolidated_98c3bb2c-ac94-4bc6-83cc-94718a10a121" xlink:href="rwt-20210331.xsd#rwt_NumberOfPartnershipsConsolidated"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_rwt_NumberOfPartnershipsConsolidated_98c3bb2c-ac94-4bc6-83cc-94718a10a121" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundPartnership_253f0a3d-19f5-491a-82a4-2e0e16ebf11c" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundPartnership"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_rwt_CommitmentToFundPartnership_253f0a3d-19f5-491a-82a4-2e0e16ebf11c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_b08fb863-d6f5-4f38-bbc2-e7954c75e649" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_us-gaap_ServicingAssetAtFairValueAmount_b08fb863-d6f5-4f38-bbc2-e7954c75e649" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans_6382090c-5ce8-4052-8f45-f52d5bb3096e" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans_6382090c-5ce8-4052-8f45-f52d5bb3096e" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCollateralAmount_c2d8b325-f7c6-450f-a3c5-af21b64898d4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentCollateralAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_us-gaap_DebtInstrumentCollateralAmount_c2d8b325-f7c6-450f-a3c5-af21b64898d4" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_c5f58d8c-af49-48ba-9608-ef14602cb14f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_c5f58d8c-af49-48ba-9608-ef14602cb14f" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnInvestments_e256c7cd-5ca9-4500-aade-f0631cd9e434" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_us-gaap_UnrealizedGainLossOnInvestments_e256c7cd-5ca9-4500-aade-f0631cd9e434" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireInvestments_8d2206dd-179c-4978-987b-b3b773e78e25" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireInvestments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_us-gaap_PaymentsToAcquireInvestments_8d2206dd-179c-4978-987b-b3b773e78e25" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperating_2ac5b76a-3ad5-4a90-9de6-e1cd7ba4b409" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_us-gaap_InterestAndDividendIncomeOperating_2ac5b76a-3ad5-4a90-9de6-e1cd7ba4b409" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAsset_f06fc6c8-7f1e-45fc-98d0-593183e491cb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAsset"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_us-gaap_ServicingAsset_f06fc6c8-7f1e-45fc-98d0-593183e491cb" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs_229f99da-da2f-4134-a45d-58782acc6b78" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs_229f99da-da2f-4134-a45d-58782acc6b78" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_129ef5f0-caef-47f6-91e0-88e0a1f2cd18" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_129ef5f0-caef-47f6-91e0-88e0a1f2cd18" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_2436805f-8f96-4e2e-8156-7ed0870a068e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_129ef5f0-caef-47f6-91e0-88e0a1f2cd18" xlink:to="loc_us-gaap_InvestmentTypeAxis_2436805f-8f96-4e2e-8156-7ed0870a068e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_2436805f-8f96-4e2e-8156-7ed0870a068e_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_InvestmentTypeAxis_2436805f-8f96-4e2e-8156-7ed0870a068e" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_2436805f-8f96-4e2e-8156-7ed0870a068e_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_da28751b-a98b-4703-af85-764c17f8d7f1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_InvestmentTypeAxis_2436805f-8f96-4e2e-8156-7ed0870a068e" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_da28751b-a98b-4703-af85-764c17f8d7f1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionMember_fd338e17-a454-412a-b005-b18e6b9e3805" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_da28751b-a98b-4703-af85-764c17f8d7f1" xlink:to="loc_rwt_HomeAppreciationOptionMember_fd338e17-a454-412a-b005-b18e6b9e3805" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_c8c90d10-68ad-4826-8791-ba66d8521b18" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_da28751b-a98b-4703-af85-764c17f8d7f1" xlink:to="loc_rwt_MortgageServicingRightsMember_c8c90d10-68ad-4826-8791-ba66d8521b18" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_5a54f121-ac87-46d0-a501-9636bbd82a87" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_129ef5f0-caef-47f6-91e0-88e0a1f2cd18" xlink:to="loc_us-gaap_FinancialInstrumentAxis_5a54f121-ac87-46d0-a501-9636bbd82a87" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5a54f121-ac87-46d0-a501-9636bbd82a87_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_5a54f121-ac87-46d0-a501-9636bbd82a87" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5a54f121-ac87-46d0-a501-9636bbd82a87_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9f513fba-9d56-40ae-a355-fd903592ab58" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_5a54f121-ac87-46d0-a501-9636bbd82a87" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9f513fba-9d56-40ae-a355-fd903592ab58" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageMember_a1461daa-a65f-47fe-b10d-5e87624fb75e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9f513fba-9d56-40ae-a355-fd903592ab58" xlink:to="loc_us-gaap_ResidentialMortgageMember_a1461daa-a65f-47fe-b10d-5e87624fb75e" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_3187e14f-b9c4-4a8a-9102-34029ea3a31e" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9f513fba-9d56-40ae-a355-fd903592ab58" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_3187e14f-b9c4-4a8a-9102-34029ea3a31e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_832e20a6-1443-463d-86e6-2d85c0302706" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_129ef5f0-caef-47f6-91e0-88e0a1f2cd18" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_832e20a6-1443-463d-86e6-2d85c0302706" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_832e20a6-1443-463d-86e6-2d85c0302706_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_832e20a6-1443-463d-86e6-2d85c0302706" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_832e20a6-1443-463d-86e6-2d85c0302706_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_89fd98ac-c34e-48d9-9e8c-f21a6b54cd72" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_832e20a6-1443-463d-86e6-2d85c0302706" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_89fd98ac-c34e-48d9-9e8c-f21a6b54cd72" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceFinancingMember_f962c3b9-3be4-4e5b-81f1-ba421e2c0ecd" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceFinancingMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_89fd98ac-c34e-48d9-9e8c-f21a6b54cd72" xlink:to="loc_rwt_ServicerAdvanceFinancingMember_f962c3b9-3be4-4e5b-81f1-ba421e2c0ecd" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsAxis_66b35dcb-208b-46c8-8590-cdb1e187d30e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitmentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_129ef5f0-caef-47f6-91e0-88e0a1f2cd18" xlink:to="loc_us-gaap_OtherCommitmentsAxis_66b35dcb-208b-46c8-8590-cdb1e187d30e" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsDomain_66b35dcb-208b-46c8-8590-cdb1e187d30e_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitmentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_OtherCommitmentsAxis_66b35dcb-208b-46c8-8590-cdb1e187d30e" xlink:to="loc_us-gaap_OtherCommitmentsDomain_66b35dcb-208b-46c8-8590-cdb1e187d30e_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsDomain_a3324f98-6e4a-4a6e-9d91-f48930d1f8a1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitmentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_OtherCommitmentsAxis_66b35dcb-208b-46c8-8590-cdb1e187d30e" xlink:to="loc_us-gaap_OtherCommitmentsDomain_a3324f98-6e4a-4a6e-9d91-f48930d1f8a1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundInvestmentMember_a4149f7f-dcf3-497b-a0eb-78a92dc0ef82" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundInvestmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherCommitmentsDomain_a3324f98-6e4a-4a6e-9d91-f48930d1f8a1" xlink:to="loc_rwt_CommitmentToFundInvestmentMember_a4149f7f-dcf3-497b-a0eb-78a92dc0ef82" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherInvestmentsServicingAdvanceInvestmentsDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails" xlink:type="extended" id="i2d591ce994834ad8b37a1020a40e7217_OtherInvestmentsServicingAdvanceInvestmentsDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfInvestmentsLineItems_5c215039-b800-4d6d-ad07-459f39032528" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances_e294a251-cb1e-46ff-9671-553c78df7e15" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentsLineItems_5c215039-b800-4d6d-ad07-459f39032528" xlink:to="loc_rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances_e294a251-cb1e-46ff-9671-553c78df7e15" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetsAtFairValueEscrowAdvances_ab39e7f1-7a4a-4293-95cf-ce6727ada5ec" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetsAtFairValueEscrowAdvances"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentsLineItems_5c215039-b800-4d6d-ad07-459f39032528" xlink:to="loc_rwt_ServicingAssetsAtFairValueEscrowAdvances_ab39e7f1-7a4a-4293-95cf-ce6727ada5ec" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetsAtFairValueCorporateAdvances_b39ac55a-1486-49f6-b23d-9a2c9aac030b" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetsAtFairValueCorporateAdvances"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentsLineItems_5c215039-b800-4d6d-ad07-459f39032528" xlink:to="loc_rwt_ServicingAssetsAtFairValueCorporateAdvances_b39ac55a-1486-49f6-b23d-9a2c9aac030b" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_1d4f98dd-0f63-4066-983b-134c4e85810c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfInvestmentsLineItems_5c215039-b800-4d6d-ad07-459f39032528" xlink:to="loc_us-gaap_ServicingAssetAtFairValueAmount_1d4f98dd-0f63-4066-983b-134c4e85810c" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfInvestmentsTable_de0dee5d-229d-4a75-8938-2afabc2f001b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfInvestmentsTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ScheduleOfInvestmentsLineItems_5c215039-b800-4d6d-ad07-459f39032528" xlink:to="loc_us-gaap_ScheduleOfInvestmentsTable_de0dee5d-229d-4a75-8938-2afabc2f001b" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_155d4e9a-5a42-4976-bdb9-e663dc1486d1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfInvestmentsTable_de0dee5d-229d-4a75-8938-2afabc2f001b" xlink:to="loc_us-gaap_FinancialInstrumentAxis_155d4e9a-5a42-4976-bdb9-e663dc1486d1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_155d4e9a-5a42-4976-bdb9-e663dc1486d1_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_155d4e9a-5a42-4976-bdb9-e663dc1486d1" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_155d4e9a-5a42-4976-bdb9-e663dc1486d1_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1de0e72e-5c52-45e7-b06d-a7106a3b2142" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_155d4e9a-5a42-4976-bdb9-e663dc1486d1" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1de0e72e-5c52-45e7-b06d-a7106a3b2142" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceFinancingMember_3457212c-c7b6-48b9-88b1-2a7e12fb82d1" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceFinancingMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1de0e72e-5c52-45e7-b06d-a7106a3b2142" xlink:to="loc_rwt_ServicerAdvanceFinancingMember_3457212c-c7b6-48b9-88b1-2a7e12fb82d1" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstruments" xlink:type="simple" xlink:href="rwt-20210331.xsd#DerivativeFinancialInstruments"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/DerivativeFinancialInstruments" xlink:type="extended" id="i94de1585929b43f491e20f2680119a10_DerivativeFinancialInstruments"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#DerivativeFinancialInstrumentsTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsTables" xlink:type="extended" id="i2e038e83b6a74c29a0eaa42758f19cd4_DerivativeFinancialInstrumentsTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails" xlink:type="extended" id="id12a07bff673420a9082f7a840391abd_DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLineItems_a241012f-569a-4f7c-958d-b0f8b46e62c0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeNet_f079493f-1330-49dd-857d-9857591ccb9d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLineItems_a241012f-569a-4f7c-958d-b0f8b46e62c0" xlink:to="loc_us-gaap_DerivativeFairValueOfDerivativeNet_f079493f-1330-49dd-857d-9857591ccb9d" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeNotionalAmount_03755617-33e5-4a3c-85d3-00eb77d713f6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeNotionalAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLineItems_a241012f-569a-4f7c-958d-b0f8b46e62c0" xlink:to="loc_us-gaap_DerivativeNotionalAmount_03755617-33e5-4a3c-85d3-00eb77d713f6" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeTable_b5012a42-cf3a-4b35-8898-8c0d19f47ee4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_DerivativeLineItems_a241012f-569a-4f7c-958d-b0f8b46e62c0" xlink:to="loc_us-gaap_DerivativeTable_b5012a42-cf3a-4b35-8898-8c0d19f47ee4" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_f1b27638-62fe-4836-b5ff-253c8c2ea408" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeTable_b5012a42-cf3a-4b35-8898-8c0d19f47ee4" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_f1b27638-62fe-4836-b5ff-253c8c2ea408" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_f1b27638-62fe-4836-b5ff-253c8c2ea408_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_f1b27638-62fe-4836-b5ff-253c8c2ea408" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_f1b27638-62fe-4836-b5ff-253c8c2ea408_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_5a45fd12-4340-4320-8cc3-a0eb21ac19f5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_f1b27638-62fe-4836-b5ff-253c8c2ea408" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_5a45fd12-4340-4320-8cc3-a0eb21ac19f5" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFinancialInstrumentsAssetsMember_f6687654-cf4e-4abe-8334-ada6d479c5f1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFinancialInstrumentsAssetsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_5a45fd12-4340-4320-8cc3-a0eb21ac19f5" xlink:to="loc_us-gaap_DerivativeFinancialInstrumentsAssetsMember_f6687654-cf4e-4abe-8334-ada6d479c5f1" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByLiabilityClassAxis_21f01164-f387-41bb-9e89-29ba72b71156" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByLiabilityClassAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeTable_b5012a42-cf3a-4b35-8898-8c0d19f47ee4" xlink:to="loc_us-gaap_FairValueByLiabilityClassAxis_21f01164-f387-41bb-9e89-29ba72b71156" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_21f01164-f387-41bb-9e89-29ba72b71156_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByLiabilityClassAxis_21f01164-f387-41bb-9e89-29ba72b71156" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_21f01164-f387-41bb-9e89-29ba72b71156_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_232ef708-4ecb-4ea6-b00a-f577e47b78ea" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByLiabilityClassAxis_21f01164-f387-41bb-9e89-29ba72b71156" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_232ef708-4ecb-4ea6-b00a-f577e47b78ea" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember_5c627e06-6665-4a83-b462-e1401bf8be02" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_232ef708-4ecb-4ea6-b00a-f577e47b78ea" xlink:to="loc_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember_5c627e06-6665-4a83-b462-e1401bf8be02" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_67031439-7eb1-417c-aadb-96683d5b278e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeTable_b5012a42-cf3a-4b35-8898-8c0d19f47ee4" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_67031439-7eb1-417c-aadb-96683d5b278e" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_67031439-7eb1-417c-aadb-96683d5b278e_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_67031439-7eb1-417c-aadb-96683d5b278e" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_67031439-7eb1-417c-aadb-96683d5b278e_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_3c82c06b-4ed0-46b9-abdf-4c61b075c4d2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_67031439-7eb1-417c-aadb-96683d5b278e" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_3c82c06b-4ed0-46b9-abdf-4c61b075c4d2" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwapMember_339b90ef-e4dc-4f60-adaf-b9cc0077674f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestRateSwapMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_3c82c06b-4ed0-46b9-abdf-4c61b075c4d2" xlink:to="loc_us-gaap_InterestRateSwapMember_339b90ef-e4dc-4f60-adaf-b9cc0077674f" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ToBeAnnouncedContractsMember_90b2431d-461f-42bb-9f30-9ea0c8ca7ca4" xlink:href="rwt-20210331.xsd#rwt_ToBeAnnouncedContractsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_3c82c06b-4ed0-46b9-abdf-4c61b075c4d2" xlink:to="loc_rwt_ToBeAnnouncedContractsMember_90b2431d-461f-42bb-9f30-9ea0c8ca7ca4" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FutureMember_0771a7af-3a15-4383-8947-1cc2f4b0526d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FutureMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_3c82c06b-4ed0-46b9-abdf-4c61b075c4d2" xlink:to="loc_us-gaap_FutureMember_0771a7af-3a15-4383-8947-1cc2f4b0526d" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwaptionMember_b44e170c-442c-434a-a99c-c1292ff9b981" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestRateSwaptionMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_3c82c06b-4ed0-46b9-abdf-4c61b075c4d2" xlink:to="loc_us-gaap_InterestRateSwaptionMember_b44e170c-442c-434a-a99c-c1292ff9b981" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoanPurchaseCommitmentsMember_84ddf8e7-019e-4b67-afdf-d8b1b09f963e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanPurchaseCommitmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_3c82c06b-4ed0-46b9-abdf-4c61b075c4d2" xlink:to="loc_us-gaap_LoanPurchaseCommitmentsMember_84ddf8e7-019e-4b67-afdf-d8b1b09f963e" xlink:type="arc" order="4"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#DerivativeFinancialInstrumentsAdditionalInformationDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails" xlink:type="extended" id="i5165207938ab4210bebd2ea23599ec0b_DerivativeFinancialInstrumentsAdditionalInformationDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLineItems_ca229646-39c5-4b9e-a31b-f805fea7d119" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeNotionalAmount_3e012e9e-7fe8-447f-be18-3e296aff45ee" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeNotionalAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLineItems_ca229646-39c5-4b9e-a31b-f805fea7d119" xlink:to="loc_us-gaap_DerivativeNotionalAmount_3e012e9e-7fe8-447f-be18-3e296aff45ee" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeGainLossOnDerivativeNet_77bd777a-d25e-4f83-884a-de23306567aa" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLineItems_ca229646-39c5-4b9e-a31b-f805fea7d119" xlink:to="loc_us-gaap_DerivativeGainLossOnDerivativeNet_77bd777a-d25e-4f83-884a-de23306567aa" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_f7f80445-04c9-4576-aac4-434ad773f63d" xlink:href="rwt-20210331.xsd#rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLineItems_ca229646-39c5-4b9e-a31b-f805fea7d119" xlink:to="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_f7f80445-04c9-4576-aac4-434ad773f63d" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCostOfHedge_3060ce25-8e1c-4162-8df8-5d2d67428385" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCostOfHedge"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLineItems_ca229646-39c5-4b9e-a31b-f805fea7d119" xlink:to="loc_us-gaap_DerivativeCostOfHedge_3060ce25-8e1c-4162-8df8-5d2d67428385" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_bf5067b9-31fc-4a3b-a086-fd399d290d84" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquity"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLineItems_ca229646-39c5-4b9e-a31b-f805fea7d119" xlink:to="loc_us-gaap_StockholdersEquity_bf5067b9-31fc-4a3b-a086-fd399d290d84" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_7e7a0f60-4094-4966-93e4-98b847d33bcc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLineItems_ca229646-39c5-4b9e-a31b-f805fea7d119" xlink:to="loc_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_7e7a0f60-4094-4966-93e4-98b847d33bcc" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeTable_369f3540-bd5a-41c0-93c8-cdc6e247055b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_DerivativeLineItems_ca229646-39c5-4b9e-a31b-f805fea7d119" xlink:to="loc_us-gaap_DerivativeTable_369f3540-bd5a-41c0-93c8-cdc6e247055b" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_f8eb9844-2e8d-4065-8f7a-1f88fbf4cab9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeTable_369f3540-bd5a-41c0-93c8-cdc6e247055b" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_f8eb9844-2e8d-4065-8f7a-1f88fbf4cab9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_f8eb9844-2e8d-4065-8f7a-1f88fbf4cab9_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_f8eb9844-2e8d-4065-8f7a-1f88fbf4cab9" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_f8eb9844-2e8d-4065-8f7a-1f88fbf4cab9_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_5ab1a2f8-9eb0-435c-843a-8835b8c6f6c8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_f8eb9844-2e8d-4065-8f7a-1f88fbf4cab9" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_5ab1a2f8-9eb0-435c-843a-8835b8c6f6c8" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateContractMember_8e725c72-6d5e-4d48-92c0-453fc0899ef4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestRateContractMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_5ab1a2f8-9eb0-435c-843a-8835b8c6f6c8" xlink:to="loc_us-gaap_InterestRateContractMember_8e725c72-6d5e-4d48-92c0-453fc0899ef4" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ToBeAnnouncedContractsMember_aa01ea52-503f-4a78-bad6-bfed8d12e024" xlink:href="rwt-20210331.xsd#rwt_ToBeAnnouncedContractsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_5ab1a2f8-9eb0-435c-843a-8835b8c6f6c8" xlink:to="loc_rwt_ToBeAnnouncedContractsMember_aa01ea52-503f-4a78-bad6-bfed8d12e024" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FutureMember_ed792a90-09bd-4bd7-98da-d6fd8398120e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FutureMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_5ab1a2f8-9eb0-435c-843a-8835b8c6f6c8" xlink:to="loc_us-gaap_FutureMember_ed792a90-09bd-4bd7-98da-d6fd8398120e" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialAndCommercialLoansMember_ddd9b248-48df-4271-9d94-d12d801a5ab7" xlink:href="rwt-20210331.xsd#rwt_ResidentialAndCommercialLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_5ab1a2f8-9eb0-435c-843a-8835b8c6f6c8" xlink:to="loc_rwt_ResidentialAndCommercialLoansMember_ddd9b248-48df-4271-9d94-d12d801a5ab7" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwapMember_8030c008-fbd5-4998-bdb1-aca09aed380b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestRateSwapMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_5ab1a2f8-9eb0-435c-843a-8835b8c6f6c8" xlink:to="loc_us-gaap_InterestRateSwapMember_8030c008-fbd5-4998-bdb1-aca09aed380b" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_b7002edf-1a05-460a-a407-e2f0a80a0bd5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeTable_369f3540-bd5a-41c0-93c8-cdc6e247055b" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_b7002edf-1a05-460a-a407-e2f0a80a0bd5" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b7002edf-1a05-460a-a407-e2f0a80a0bd5_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_b7002edf-1a05-460a-a407-e2f0a80a0bd5" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b7002edf-1a05-460a-a407-e2f0a80a0bd5_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b2adffbf-c348-4cbe-b018-d4f730e85e64" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_b7002edf-1a05-460a-a407-e2f0a80a0bd5" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b2adffbf-c348-4cbe-b018-d4f730e85e64" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember_d95b60f8-8104-4b1e-99c2-15c55ab87b99" xlink:href="rwt-20210331.xsd#rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b2adffbf-c348-4cbe-b018-d4f730e85e64" xlink:to="loc_rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember_d95b60f8-8104-4b1e-99c2-15c55ab87b99" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_9ad355a5-4ad9-4018-9c48-95a61d483ca0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeTable_369f3540-bd5a-41c0-93c8-cdc6e247055b" xlink:to="loc_us-gaap_InvestmentTypeAxis_9ad355a5-4ad9-4018-9c48-95a61d483ca0" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_9ad355a5-4ad9-4018-9c48-95a61d483ca0_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_InvestmentTypeAxis_9ad355a5-4ad9-4018-9c48-95a61d483ca0" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_9ad355a5-4ad9-4018-9c48-95a61d483ca0_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_c70017af-8043-41f7-9181-2fb77a603629" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_InvestmentTypeAxis_9ad355a5-4ad9-4018-9c48-95a61d483ca0" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_c70017af-8043-41f7-9181-2fb77a603629" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingActivitiesMember_ffe3f836-3a66-4a36-aca6-7360a5216eba" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingActivitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_c70017af-8043-41f7-9181-2fb77a603629" xlink:to="loc_rwt_MortgageBankingActivitiesMember_ffe3f836-3a66-4a36-aca6-7360a5216eba" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_0d962287-a8b8-4af7-a1e1-c2c3201051cc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeTable_369f3540-bd5a-41c0-93c8-cdc6e247055b" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_0d962287-a8b8-4af7-a1e1-c2c3201051cc" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_0d962287-a8b8-4af7-a1e1-c2c3201051cc_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_0d962287-a8b8-4af7-a1e1-c2c3201051cc" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_0d962287-a8b8-4af7-a1e1-c2c3201051cc_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_ca9c0428-845d-4d4a-8571-064e9c0fe8c2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_0d962287-a8b8-4af7-a1e1-c2c3201051cc" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_ca9c0428-845d-4d4a-8571-064e9c0fe8c2" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseMember_e856db4f-8569-411c-93d2-7d9b5f08fea0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_ca9c0428-845d-4d4a-8571-064e9c0fe8c2" xlink:to="loc_us-gaap_InterestExpenseMember_e856db4f-8569-411c-93d2-7d9b5f08fea0" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_4d951b46-630a-4f96-b691-77debb064f5c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeTable_369f3540-bd5a-41c0-93c8-cdc6e247055b" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_4d951b46-630a-4f96-b691-77debb064f5c" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingRelationshipDomain_4d951b46-630a-4f96-b691-77debb064f5c_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_HedgingRelationshipDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_4d951b46-630a-4f96-b691-77debb064f5c" xlink:to="loc_us-gaap_HedgingRelationshipDomain_4d951b46-630a-4f96-b691-77debb064f5c_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingRelationshipDomain_5d22b01b-4b9a-4636-89bf-48e36af92f09" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_HedgingRelationshipDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_4d951b46-630a-4f96-b691-77debb064f5c" xlink:to="loc_us-gaap_HedgingRelationshipDomain_5d22b01b-4b9a-4636-89bf-48e36af92f09" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowHedgingMember_b1fb8ba4-4f73-4a42-b76e-23ed320df07f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowHedgingMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_HedgingRelationshipDomain_5d22b01b-4b9a-4636-89bf-48e36af92f09" xlink:to="loc_us-gaap_CashFlowHedgingMember_b1fb8ba4-4f73-4a42-b76e-23ed320df07f" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_2d34d095-5635-4dc6-93c1-756749daa6fc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeTable_369f3540-bd5a-41c0-93c8-cdc6e247055b" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_2d34d095-5635-4dc6-93c1-756749daa6fc" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_2d34d095-5635-4dc6-93c1-756749daa6fc_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_2d34d095-5635-4dc6-93c1-756749daa6fc" xlink:to="loc_us-gaap_EquityComponentDomain_2d34d095-5635-4dc6-93c1-756749daa6fc_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_dd0bf58a-1f65-4094-a793-be09665149ab" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_2d34d095-5635-4dc6-93c1-756749daa6fc" xlink:to="loc_us-gaap_EquityComponentDomain_dd0bf58a-1f65-4094-a793-be09665149ab" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_f39b2afd-7945-4a5c-b8a9-b4a27bf69345" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_dd0bf58a-1f65-4094-a793-be09665149ab" xlink:to="loc_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_f39b2afd-7945-4a5c-b8a9-b4a27bf69345" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails" xlink:type="extended" id="i123cc8b71a324212b842c784143123e2_DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLineItems_3ccc6d4a-6a2d-4e4f-aee3-411a3d12c28e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestExpenseCashFlowHedge_55c896f2-d678-487c-bdd7-0653a8bb1cb2" xlink:href="rwt-20210331.xsd#rwt_InterestExpenseCashFlowHedge"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLineItems_3ccc6d4a-6a2d-4e4f-aee3-411a3d12c28e" xlink:to="loc_rwt_InterestExpenseCashFlowHedge_55c896f2-d678-487c-bdd7-0653a8bb1cb2" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent_65bad806-27fa-460a-84f9-e4c5af3259a5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLineItems_3ccc6d4a-6a2d-4e4f-aee3-411a3d12c28e" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent_65bad806-27fa-460a-84f9-e4c5af3259a5" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_dc0c2d79-70c9-4318-8f7d-5aafcce6e1bc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLineItems_3ccc6d4a-6a2d-4e4f-aee3-411a3d12c28e" xlink:to="loc_us-gaap_InterestExpense_dc0c2d79-70c9-4318-8f7d-5aafcce6e1bc" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeTable_a15a7301-c32a-4887-8e5d-862538ad31a8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_DerivativeLineItems_3ccc6d4a-6a2d-4e4f-aee3-411a3d12c28e" xlink:to="loc_us-gaap_DerivativeTable_a15a7301-c32a-4887-8e5d-862538ad31a8" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_0aa42716-4b41-4b96-9945-f2c78023da39" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeTable_a15a7301-c32a-4887-8e5d-862538ad31a8" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_0aa42716-4b41-4b96-9945-f2c78023da39" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingRelationshipDomain_0aa42716-4b41-4b96-9945-f2c78023da39_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_HedgingRelationshipDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_0aa42716-4b41-4b96-9945-f2c78023da39" xlink:to="loc_us-gaap_HedgingRelationshipDomain_0aa42716-4b41-4b96-9945-f2c78023da39_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingRelationshipDomain_b20c137b-fa86-4d41-bbe2-51a586d1d5ec" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_HedgingRelationshipDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_0aa42716-4b41-4b96-9945-f2c78023da39" xlink:to="loc_us-gaap_HedgingRelationshipDomain_b20c137b-fa86-4d41-bbe2-51a586d1d5ec" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowHedgingMember_80e77d8c-8003-45a8-be57-798e1946703a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowHedgingMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_HedgingRelationshipDomain_b20c137b-fa86-4d41-bbe2-51a586d1d5ec" xlink:to="loc_us-gaap_CashFlowHedgingMember_80e77d8c-8003-45a8-be57-798e1946703a" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_35f00638-5db1-40f5-8205-16d81f71f4be" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeTable_a15a7301-c32a-4887-8e5d-862538ad31a8" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_35f00638-5db1-40f5-8205-16d81f71f4be" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_35f00638-5db1-40f5-8205-16d81f71f4be_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_35f00638-5db1-40f5-8205-16d81f71f4be" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_35f00638-5db1-40f5-8205-16d81f71f4be_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_55219f0f-9459-4e41-989f-594997847f4a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_35f00638-5db1-40f5-8205-16d81f71f4be" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_55219f0f-9459-4e41-989f-594997847f4a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateContractMember_11221f72-65ca-4be5-aee7-9f62a7b37504" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestRateContractMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_55219f0f-9459-4e41-989f-594997847f4a" xlink:to="loc_us-gaap_InterestRateContractMember_11221f72-65ca-4be5-aee7-9f62a7b37504" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilities" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherAssetsandLiabilities"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/OtherAssetsandLiabilities" xlink:type="extended" id="i8084510926cf4725b001eaf6e918881f_OtherAssetsandLiabilities"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherAssetsandLiabilitiesTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesTables" xlink:type="extended" id="i8fb74f272c424de693d81667bd003a78_OtherAssetsandLiabilitiesTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails" xlink:type="extended" id="ic87c873f25674090b8ad66010c6a9035_OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails" xlink:type="extended" id="i2409bb53bc3143b2a4d3a79a7876d871_OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherAssetsandLiabilitiesREOInformationDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails" xlink:type="extended" id="ia88371f3e0764a3b8c8b9d9aa66cbff2_OtherAssetsandLiabilitiesREOInformationDetails">
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherAssetsAndOtherLiabilitiesLineItems_11be6506-5481-4fd9-916d-44e27b6f9f09" xlink:href="rwt-20210331.xsd#rwt_OtherAssetsAndOtherLiabilitiesLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares_17ed6218-df85-4a7e-9221-c2353d304754" xlink:href="rwt-20210331.xsd#rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesLineItems_11be6506-5481-4fd9-916d-44e27b6f9f09" xlink:to="loc_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares_17ed6218-df85-4a7e-9221-c2353d304754" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities_fdb430aa-6a3f-443f-b897-185fbcdb6717" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesLineItems_11be6506-5481-4fd9-916d-44e27b6f9f09" xlink:to="loc_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities_fdb430aa-6a3f-443f-b897-185fbcdb6717" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherRealEstateRollForward_a2ece745-3231-454c-9549-8a87b412a01a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherRealEstateRollForward"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesLineItems_11be6506-5481-4fd9-916d-44e27b6f9f09" xlink:to="loc_us-gaap_OtherRealEstateRollForward_a2ece745-3231-454c-9549-8a87b412a01a" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAcquiredThroughForeclosure_a283834d-e302-4311-9263-a25153675738" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateAcquiredThroughForeclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherRealEstateRollForward_a2ece745-3231-454c-9549-8a87b412a01a" xlink:to="loc_us-gaap_RealEstateAcquiredThroughForeclosure_a283834d-e302-4311-9263-a25153675738" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAcquisitionsThroughForeclosures_41d47389-29d7-4b67-8943-d519d515b5fe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateAcquisitionsThroughForeclosures"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherRealEstateRollForward_a2ece745-3231-454c-9549-8a87b412a01a" xlink:to="loc_us-gaap_RealEstateAcquisitionsThroughForeclosures_41d47389-29d7-4b67-8943-d519d515b5fe" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateCostOfRealEstateSold_5a7182b2-69a3-407b-912a-6226cd249934" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateCostOfRealEstateSold"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherRealEstateRollForward_a2ece745-3231-454c-9549-8a87b412a01a" xlink:to="loc_us-gaap_RealEstateCostOfRealEstateSold_5a7182b2-69a3-407b-912a-6226cd249934" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrincipalInvestmentGainsLosses_bf7968a3-dcad-4cc7-91ec-6d84cd56be53" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrincipalInvestmentGainsLosses"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherRealEstateRollForward_a2ece745-3231-454c-9549-8a87b412a01a" xlink:to="loc_us-gaap_PrincipalInvestmentGainsLosses_bf7968a3-dcad-4cc7-91ec-6d84cd56be53" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAcquiredThroughForeclosure_26d8d972-006f-4f91-bb2e-818c2f883dc8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateAcquiredThroughForeclosure"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfRealEstateProperties_06ee7305-2a91-488b-82a7-13cf75669697" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NumberOfRealEstateProperties"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesLineItems_11be6506-5481-4fd9-916d-44e27b6f9f09" xlink:to="loc_us-gaap_NumberOfRealEstateProperties_06ee7305-2a91-488b-82a7-13cf75669697" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherAssetsAndOtherLiabilitiesTable_66cf24c9-588b-4d7e-9e19-27657edfcc02" xlink:href="rwt-20210331.xsd#rwt_OtherAssetsAndOtherLiabilitiesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesLineItems_11be6506-5481-4fd9-916d-44e27b6f9f09" xlink:to="loc_rwt_OtherAssetsAndOtherLiabilitiesTable_66cf24c9-588b-4d7e-9e19-27657edfcc02" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeAxis_9dd883dd-9aed-4cab-a396-28e71e293038" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesTable_66cf24c9-588b-4d7e-9e19-27657edfcc02" xlink:to="loc_us-gaap_ShortTermDebtTypeAxis_9dd883dd-9aed-4cab-a396-28e71e293038" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_9dd883dd-9aed-4cab-a396-28e71e293038_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_9dd883dd-9aed-4cab-a396-28e71e293038" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_9dd883dd-9aed-4cab-a396-28e71e293038_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_f6fe5e31-1a39-46cb-b1a8-c0384f82cfdd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_9dd883dd-9aed-4cab-a396-28e71e293038" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_f6fe5e31-1a39-46cb-b1a8-c0384f82cfdd" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BridgeLoanMember_a307ed1c-efdd-493a-8903-d34c54c98197" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BridgeLoanMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_f6fe5e31-1a39-46cb-b1a8-c0384f82cfdd" xlink:to="loc_us-gaap_BridgeLoanMember_a307ed1c-efdd-493a-8903-d34c54c98197" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_997a55f9-9ba1-4108-a662-bef117b43a59" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesTable_66cf24c9-588b-4d7e-9e19-27657edfcc02" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_997a55f9-9ba1-4108-a662-bef117b43a59" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_997a55f9-9ba1-4108-a662-bef117b43a59_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_997a55f9-9ba1-4108-a662-bef117b43a59" xlink:to="loc_us-gaap_RelatedPartyDomain_997a55f9-9ba1-4108-a662-bef117b43a59_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_fd19b9a6-5d16-4c00-b693-d15e733c0c17" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_997a55f9-9ba1-4108-a662-bef117b43a59" xlink:to="loc_us-gaap_RelatedPartyDomain_fd19b9a6-5d16-4c00-b693-d15e733c0c17" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_03bd1013-41f3-42be-ac89-4f955de287de" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_fd19b9a6-5d16-4c00-b693-d15e733c0c17" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_03bd1013-41f3-42be-ac89-4f955de287de" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTMember_f2a22598-9cfd-4779-928f-d8520f29f311" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_fd19b9a6-5d16-4c00-b693-d15e733c0c17" xlink:to="loc_rwt_FreddieMacSLSTMember_f2a22598-9cfd-4779-928f-d8520f29f311" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_432b6645-b95c-4584-83e2-980c0a07cea8" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_fd19b9a6-5d16-4c00-b693-d15e733c0c17" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_432b6645-b95c-4584-83e2-980c0a07cea8" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_fdacb2bb-c816-4893-a32c-2bbc81a5f1e8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesTable_66cf24c9-588b-4d7e-9e19-27657edfcc02" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_fdacb2bb-c816-4893-a32c-2bbc81a5f1e8" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_fdacb2bb-c816-4893-a32c-2bbc81a5f1e8_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_fdacb2bb-c816-4893-a32c-2bbc81a5f1e8" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_fdacb2bb-c816-4893-a32c-2bbc81a5f1e8_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_c7baad6d-316e-4f6b-9955-e649e73852d9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_fdacb2bb-c816-4893-a32c-2bbc81a5f1e8" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_c7baad6d-316e-4f6b-9955-e649e73852d9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_A5ArchesLLCMember_56df7f1b-91b0-46e6-be8a-189053f7acd9" xlink:href="rwt-20210331.xsd#rwt_A5ArchesLLCMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_c7baad6d-316e-4f6b-9955-e649e73852d9" xlink:to="loc_rwt_A5ArchesLLCMember_56df7f1b-91b0-46e6-be8a-189053f7acd9" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebt" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebt"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebt" xlink:type="extended" id="ifc5d6a5c94064e7e97cba9107bd1de25_ShortTermDebt"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebtTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebtTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebtTables" xlink:type="extended" id="i82a48b4e772347b8b6bb6bcd053ef293_ShortTermDebtTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails" xlink:type="extended" id="i768e8909bf6b4d4290823e89e95e4a06_ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtLineItems_3eab5528-a4bb-44fb-b682-ce055ac8f9ef" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfFacilities_f539573c-923d-4492-a637-bf7cb060a038" xlink:href="rwt-20210331.xsd#rwt_NumberOfFacilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_3eab5528-a4bb-44fb-b682-ce055ac8f9ef" xlink:to="loc_rwt_NumberOfFacilities_f539573c-923d-4492-a637-bf7cb060a038" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermBorrowings_8485b6e0-e646-4c18-bf20-547f6b18bbf5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermBorrowings"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_3eab5528-a4bb-44fb-b682-ce055ac8f9ef" xlink:to="loc_us-gaap_ShortTermBorrowings_8485b6e0-e646-4c18-bf20-547f6b18bbf5" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_66fde184-6c23-4b64-9b07-ab4682b1416e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_3eab5528-a4bb-44fb-b682-ce055ac8f9ef" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_66fde184-6c23-4b64-9b07-ab4682b1416e" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtWeightedAverageInterestRate_ba661e49-c086-4a66-a1bb-55a5f8cb5522" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtWeightedAverageInterestRate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_3eab5528-a4bb-44fb-b682-ce055ac8f9ef" xlink:to="loc_us-gaap_ShortTermDebtWeightedAverageInterestRate_ba661e49-c086-4a66-a1bb-55a5f8cb5522" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtInstrumentAverageMaturityTerm_64e070eb-7aab-4551-a30c-d42e4d3c42f4" xlink:href="rwt-20210331.xsd#rwt_DebtInstrumentAverageMaturityTerm"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_3eab5528-a4bb-44fb-b682-ce055ac8f9ef" xlink:to="loc_rwt_DebtInstrumentAverageMaturityTerm_64e070eb-7aab-4551-a30c-d42e4d3c42f4" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral_085a1afb-0bf6-4a0a-ad4a-19ebbfcb26dd" xlink:href="rwt-20210331.xsd#rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_3eab5528-a4bb-44fb-b682-ce055ac8f9ef" xlink:to="loc_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral_085a1afb-0bf6-4a0a-ad4a-19ebbfcb26dd" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTable_9205a071-0718-4f44-8daa-22ca1aae0a24" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ShortTermDebtLineItems_3eab5528-a4bb-44fb-b682-ce055ac8f9ef" xlink:to="loc_us-gaap_ScheduleOfShortTermDebtTable_9205a071-0718-4f44-8daa-22ca1aae0a24" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeAxis_d34642a7-b340-4f83-8e46-71916d9ed53e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9205a071-0718-4f44-8daa-22ca1aae0a24" xlink:to="loc_us-gaap_ShortTermDebtTypeAxis_d34642a7-b340-4f83-8e46-71916d9ed53e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_d34642a7-b340-4f83-8e46-71916d9ed53e_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_d34642a7-b340-4f83-8e46-71916d9ed53e" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_d34642a7-b340-4f83-8e46-71916d9ed53e_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_f9d0d330-4684-4047-9b8b-e999df8366d6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_d34642a7-b340-4f83-8e46-71916d9ed53e" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_f9d0d330-4684-4047-9b8b-e999df8366d6" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_b7c49e5b-720a-49b7-8813-d7b0d3205312" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_f9d0d330-4684-4047-9b8b-e999df8366d6" xlink:to="loc_us-gaap_LineOfCreditMember_b7c49e5b-720a-49b7-8813-d7b0d3205312" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceFinancingMember_51e3229d-45d0-47c0-9029-be29ce83b8a4" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceFinancingMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_f9d0d330-4684-4047-9b8b-e999df8366d6" xlink:to="loc_rwt_ServicerAdvanceFinancingMember_51e3229d-45d0-47c0-9029-be29ce83b8a4" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_1b44e0f0-516d-4634-8b37-fd8600777053" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9205a071-0718-4f44-8daa-22ca1aae0a24" xlink:to="loc_us-gaap_FinancialInstrumentAxis_1b44e0f0-516d-4634-8b37-fd8600777053" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1b44e0f0-516d-4634-8b37-fd8600777053_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_1b44e0f0-516d-4634-8b37-fd8600777053" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1b44e0f0-516d-4634-8b37-fd8600777053_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2d5f0dc2-69c6-4d2e-8e05-c4d88b53d29c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_1b44e0f0-516d-4634-8b37-fd8600777053" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2d5f0dc2-69c6-4d2e-8e05-c4d88b53d29c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoanWarehouseMember_1916532e-ed7c-49fe-97fa-21cc1e81c0b2" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoanWarehouseMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2d5f0dc2-69c6-4d2e-8e05-c4d88b53d29c" xlink:to="loc_rwt_ResidentialLoanWarehouseMember_1916532e-ed7c-49fe-97fa-21cc1e81c0b2" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember_bdd876e4-35ae-4203-bdc1-89513a628076" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2d5f0dc2-69c6-4d2e-8e05-c4d88b53d29c" xlink:to="loc_rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember_bdd876e4-35ae-4203-bdc1-89513a628076" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesRepoMember_f42ed10a-7d1d-46b8-b7f0-8d0f5ca6d112" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesRepoMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2d5f0dc2-69c6-4d2e-8e05-c4d88b53d29c" xlink:to="loc_rwt_RealEstateSecuritiesRepoMember_f42ed10a-7d1d-46b8-b7f0-8d0f5ca6d112" xlink:type="arc" order="2"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails" xlink:type="extended" id="if7f905cb952a456591b0f3970674c628_ShortTermDebtCollateralforShortTermDebtFacilitiesDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansPledgedAsCollateral_05cf5fae-a1ce-49fe-b4ce-b9385a7ddb45" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansPledgedAsCollateral"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_us-gaap_LoansPledgedAsCollateral_05cf5fae-a1ce-49fe-b4ce-b9385a7ddb45" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleRestricted_12289104-1142-4d06-a1ea-f7285357bb19" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleRestricted"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleRestricted_12289104-1142-4d06-a1ea-f7285357bb19" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesTradingRestricted_7295f52b-de19-423c-b5f0-b72b60222392" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesTradingRestricted"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_us-gaap_DebtSecuritiesTradingRestricted_7295f52b-de19-423c-b5f0-b72b60222392" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue_000618f8-93b3-4ddc-9c1e-ebacd2e5311d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue_000618f8-93b3-4ddc-9c1e-ebacd2e5311d" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral_e46c2a95-0fd2-4407-b9a9-a764b4095729" xlink:href="rwt-20210331.xsd#rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral_e46c2a95-0fd2-4407-b9a9-a764b4095729" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ShorttermDebtPledgedasCollateral_0a6747e9-37f2-4bff-ab90-79c9f4869674" xlink:href="rwt-20210331.xsd#rwt_ShorttermDebtPledgedasCollateral"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_rwt_ShorttermDebtPledgedasCollateral_0a6747e9-37f2-4bff-ab90-79c9f4869674" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCollateralForBorrowedSecurities_6bf6f584-2228-4dd3-8a3d-4a5a03b4d989" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashCollateralForBorrowedSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_us-gaap_CashCollateralForBorrowedSecurities_6bf6f584-2228-4dd3-8a3d-4a5a03b4d989" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RestrictedCashCollateralForBorrowedSecurities_4332f84d-6358-4f5a-8489-7de03c0ce582" xlink:href="rwt-20210331.xsd#rwt_RestrictedCashCollateralForBorrowedSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_rwt_RestrictedCashCollateralForBorrowedSecurities_4332f84d-6358-4f5a-8489-7de03c0ce582" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvancesCollateral_80faa1df-f8f2-473a-ad37-12b3993f7031" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvancesCollateral"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_rwt_ServicerAdvancesCollateral_80faa1df-f8f2-473a-ad37-12b3993f7031" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTable_cf85fbf1-c8f1-439e-a242-b107d7335b0d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_us-gaap_ScheduleOfShortTermDebtTable_cf85fbf1-c8f1-439e-a242-b107d7335b0d" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CollateralAxis_0f1b5a25-23b3-4ac4-9928-37a0203e0268" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CollateralAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_cf85fbf1-c8f1-439e-a242-b107d7335b0d" xlink:to="loc_us-gaap_CollateralAxis_0f1b5a25-23b3-4ac4-9928-37a0203e0268" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CollateralDomain_0f1b5a25-23b3-4ac4-9928-37a0203e0268_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CollateralDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_CollateralAxis_0f1b5a25-23b3-4ac4-9928-37a0203e0268" xlink:to="loc_us-gaap_CollateralDomain_0f1b5a25-23b3-4ac4-9928-37a0203e0268_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CollateralDomain_a6082874-1c22-41c6-a2f0-74393b091c08" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CollateralDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_CollateralAxis_0f1b5a25-23b3-4ac4-9928-37a0203e0268" xlink:to="loc_us-gaap_CollateralDomain_a6082874-1c22-41c6-a2f0-74393b091c08" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_ee01cdc1-239b-41e4-9239-ffbcf33ca90f" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_CollateralDomain_a6082874-1c22-41c6-a2f0-74393b091c08" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_ee01cdc1-239b-41e4-9239-ffbcf33ca90f" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_6bd03642-f09f-43b0-87fb-c36953c3337b" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_CollateralDomain_a6082874-1c22-41c6-a2f0-74393b091c08" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_6bd03642-f09f-43b0-87fb-c36953c3337b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_1f8ccc30-32e9-46f0-986d-53ea484c2f90" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_cf85fbf1-c8f1-439e-a242-b107d7335b0d" xlink:to="loc_us-gaap_FinancialInstrumentAxis_1f8ccc30-32e9-46f0-986d-53ea484c2f90" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1f8ccc30-32e9-46f0-986d-53ea484c2f90_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_1f8ccc30-32e9-46f0-986d-53ea484c2f90" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1f8ccc30-32e9-46f0-986d-53ea484c2f90_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_40086e5b-442a-4db3-822c-f0e5dec1f377" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_1f8ccc30-32e9-46f0-986d-53ea484c2f90" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_40086e5b-442a-4db3-822c-f0e5dec1f377" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesOnBalanceSheetMember_de54b1fb-f3a8-4189-8551-c4201e1196ec" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesOnBalanceSheetMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_40086e5b-442a-4db3-822c-f0e5dec1f377" xlink:to="loc_rwt_RealEstateSecuritiesOnBalanceSheetMember_de54b1fb-f3a8-4189-8551-c4201e1196ec" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaSecuritiesMember_645326e2-33ed-4661-a34e-f2d6f8dafab5" xlink:href="rwt-20210331.xsd#rwt_SequoiaSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_40086e5b-442a-4db3-822c-f0e5dec1f377" xlink:to="loc_rwt_SequoiaSecuritiesMember_645326e2-33ed-4661-a34e-f2d6f8dafab5" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_c3ee3d29-3728-49ca-9124-e83eb270e5b2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_cf85fbf1-c8f1-439e-a242-b107d7335b0d" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_c3ee3d29-3728-49ca-9124-e83eb270e5b2" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_c3ee3d29-3728-49ca-9124-e83eb270e5b2_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_c3ee3d29-3728-49ca-9124-e83eb270e5b2" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_c3ee3d29-3728-49ca-9124-e83eb270e5b2_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_d9a66e2e-96f1-4ac3-a852-0e286435b40c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_c3ee3d29-3728-49ca-9124-e83eb270e5b2" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_d9a66e2e-96f1-4ac3-a852-0e286435b40c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForSaleMember_a4d5b9f8-d0b0-4e63-95ff-d250d7aa8d90" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForSaleMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_d9a66e2e-96f1-4ac3-a852-0e286435b40c" xlink:to="loc_rwt_ResidentialLoansHeldForSaleMember_a4d5b9f8-d0b0-4e63-95ff-d250d7aa8d90" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansMember_c25be4dd-8deb-412b-a86e-5e76f45e8763" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_d9a66e2e-96f1-4ac3-a852-0e286435b40c" xlink:to="loc_rwt_BusinessPurposeResidentialLoansMember_c25be4dd-8deb-412b-a86e-5e76f45e8763" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_0ad8fb6e-bdf6-4bcd-97f8-2dac28bdc63d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_cf85fbf1-c8f1-439e-a242-b107d7335b0d" xlink:to="loc_us-gaap_DebtInstrumentAxis_0ad8fb6e-bdf6-4bcd-97f8-2dac28bdc63d" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_0ad8fb6e-bdf6-4bcd-97f8-2dac28bdc63d_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DebtInstrumentAxis_0ad8fb6e-bdf6-4bcd-97f8-2dac28bdc63d" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_0ad8fb6e-bdf6-4bcd-97f8-2dac28bdc63d_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_2eac3c97-c861-4a9a-97ec-4b0d3c0dc6f4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DebtInstrumentAxis_0ad8fb6e-bdf6-4bcd-97f8-2dac28bdc63d" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_2eac3c97-c861-4a9a-97ec-4b0d3c0dc6f4" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ShortTermBorrowingAgreementMember_3db9bf86-c97d-4bad-82d0-2c327e0914ff" xlink:href="rwt-20210331.xsd#rwt_ShortTermBorrowingAgreementMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2eac3c97-c861-4a9a-97ec-4b0d3c0dc6f4" xlink:to="loc_rwt_ShortTermBorrowingAgreementMember_3db9bf86-c97d-4bad-82d0-2c327e0914ff" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeAxis_a8e2b2d3-3de5-42fa-888e-fa8630323fb1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_cf85fbf1-c8f1-439e-a242-b107d7335b0d" xlink:to="loc_us-gaap_ShortTermDebtTypeAxis_a8e2b2d3-3de5-42fa-888e-fa8630323fb1" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_a8e2b2d3-3de5-42fa-888e-fa8630323fb1_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_a8e2b2d3-3de5-42fa-888e-fa8630323fb1" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_a8e2b2d3-3de5-42fa-888e-fa8630323fb1_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_c2610074-4f3d-4b0f-b6da-b68ed27de790" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_a8e2b2d3-3de5-42fa-888e-fa8630323fb1" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_c2610074-4f3d-4b0f-b6da-b68ed27de790" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_4c57012f-ccf5-4a0e-af03-8c318081c500" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_c2610074-4f3d-4b0f-b6da-b68ed27de790" xlink:to="loc_us-gaap_LineOfCreditMember_4c57012f-ccf5-4a0e-af03-8c318081c500" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceFinancingMember_ebfe647e-92b6-4a47-a86c-5cbebe89bfd1" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceFinancingMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_c2610074-4f3d-4b0f-b6da-b68ed27de790" xlink:to="loc_rwt_ServicerAdvanceFinancingMember_ebfe647e-92b6-4a47-a86c-5cbebe89bfd1" xlink:type="arc" order="1"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebtAdditionalInformationDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails" xlink:type="extended" id="i7bc40ccdb6f245378bf11992002df239_ShortTermDebtAdditionalInformationDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtLineItems_ce3f4d45-fdda-453b-8878-4e7ecb71680d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShorttermDebtAverageOutstandingAmount_7ea9f36f-510b-437b-85f7-83c49f595bb2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShorttermDebtAverageOutstandingAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_ce3f4d45-fdda-453b-8878-4e7ecb71680d" xlink:to="loc_us-gaap_ShorttermDebtAverageOutstandingAmount_7ea9f36f-510b-437b-85f7-83c49f595bb2" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPayableCurrent_54418abd-fe97-4783-b494-ac6ecad8aa58" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestPayableCurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_ce3f4d45-fdda-453b-8878-4e7ecb71680d" xlink:to="loc_us-gaap_InterestPayableCurrent_54418abd-fe97-4783-b494-ac6ecad8aa58" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_1e3f9c02-b7ff-4e56-99c2-68d052b8e138" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_ce3f4d45-fdda-453b-8878-4e7ecb71680d" xlink:to="loc_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_1e3f9c02-b7ff-4e56-99c2-68d052b8e138" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_4f77e38c-6ad7-4c60-ba86-f0ffba1fee87" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_ce3f4d45-fdda-453b-8878-4e7ecb71680d" xlink:to="loc_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_4f77e38c-6ad7-4c60-ba86-f0ffba1fee87" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue_845cf3af-7c40-4f41-85d1-1602e7248898" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_ce3f4d45-fdda-453b-8878-4e7ecb71680d" xlink:to="loc_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue_845cf3af-7c40-4f41-85d1-1602e7248898" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCredit_8b1c62b5-6d00-424b-b73c-dc102bedb5d6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCredit"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_ce3f4d45-fdda-453b-8878-4e7ecb71680d" xlink:to="loc_us-gaap_LineOfCredit_8b1c62b5-6d00-424b-b73c-dc102bedb5d6" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTable_baee2bab-8c90-4ccf-9921-72372ddde5d0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ShortTermDebtLineItems_ce3f4d45-fdda-453b-8878-4e7ecb71680d" xlink:to="loc_us-gaap_ScheduleOfShortTermDebtTable_baee2bab-8c90-4ccf-9921-72372ddde5d0" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_04af026c-4700-4c26-8a1f-00f34cf4b87d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_baee2bab-8c90-4ccf-9921-72372ddde5d0" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_04af026c-4700-4c26-8a1f-00f34cf4b87d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_04af026c-4700-4c26-8a1f-00f34cf4b87d_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_04af026c-4700-4c26-8a1f-00f34cf4b87d" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_04af026c-4700-4c26-8a1f-00f34cf4b87d_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_9cca0457-0c71-4895-b9be-4d9607547c0d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_04af026c-4700-4c26-8a1f-00f34cf4b87d" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_9cca0457-0c71-4895-b9be-4d9607547c0d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceFinancingMember_b54444f4-4cf8-4175-aeaf-c9ae40c69253" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceFinancingMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_9cca0457-0c71-4895-b9be-4d9607547c0d" xlink:to="loc_rwt_ServicerAdvanceFinancingMember_b54444f4-4cf8-4175-aeaf-c9ae40c69253" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_e725ecba-401d-4706-9f11-9b5356e362c5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_baee2bab-8c90-4ccf-9921-72372ddde5d0" xlink:to="loc_us-gaap_FinancialInstrumentAxis_e725ecba-401d-4706-9f11-9b5356e362c5" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_e725ecba-401d-4706-9f11-9b5356e362c5_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_e725ecba-401d-4706-9f11-9b5356e362c5" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_e725ecba-401d-4706-9f11-9b5356e362c5_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0c8f1424-93ad-4cae-8b1b-95188700515a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_e725ecba-401d-4706-9f11-9b5356e362c5" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0c8f1424-93ad-4cae-8b1b-95188700515a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageMember_75f9e640-aff9-4599-83d3-b7e6f07b1d9f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0c8f1424-93ad-4cae-8b1b-95188700515a" xlink:to="loc_us-gaap_ResidentialMortgageMember_75f9e640-aff9-4599-83d3-b7e6f07b1d9f" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails" xlink:type="extended" id="i8dc6eff606aa4dd8abdff04d8ce1518d_ShortTermDebtRemainingMaturitiesofShortTermDebtDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtLineItems_f95f7b9a-bab2-4d22-9f74-5f01b9c60f08" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermBorrowings_36a5fdf7-96a2-4a7a-9af2-8cd7fd1259cc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermBorrowings"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_f95f7b9a-bab2-4d22-9f74-5f01b9c60f08" xlink:to="loc_us-gaap_ShortTermBorrowings_36a5fdf7-96a2-4a7a-9af2-8cd7fd1259cc" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTable_3b5b2baf-5330-437f-8e69-d80463c9e5c6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ShortTermDebtLineItems_f95f7b9a-bab2-4d22-9f74-5f01b9c60f08" xlink:to="loc_us-gaap_ScheduleOfShortTermDebtTable_3b5b2baf-5330-437f-8e69-d80463c9e5c6" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeAxis_329842b5-ccdb-4c16-a81f-d02ae16bd345" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_3b5b2baf-5330-437f-8e69-d80463c9e5c6" xlink:to="loc_us-gaap_ShortTermDebtTypeAxis_329842b5-ccdb-4c16-a81f-d02ae16bd345" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_329842b5-ccdb-4c16-a81f-d02ae16bd345_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_329842b5-ccdb-4c16-a81f-d02ae16bd345" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_329842b5-ccdb-4c16-a81f-d02ae16bd345_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_82d9f786-f320-40ee-bb25-2e31eb2272a7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_329842b5-ccdb-4c16-a81f-d02ae16bd345" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_82d9f786-f320-40ee-bb25-2e31eb2272a7" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_ff230e2c-4c73-402e-9524-99e739e228e0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_82d9f786-f320-40ee-bb25-2e31eb2272a7" xlink:to="loc_us-gaap_LineOfCreditMember_ff230e2c-4c73-402e-9524-99e739e228e0" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceFinancingMember_e53b2742-5e30-4420-9ede-776a15a5dc5d" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceFinancingMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_82d9f786-f320-40ee-bb25-2e31eb2272a7" xlink:to="loc_rwt_ServicerAdvanceFinancingMember_e53b2742-5e30-4420-9ede-776a15a5dc5d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_516fa038-c06e-44ef-ae0f-39553341101e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_3b5b2baf-5330-437f-8e69-d80463c9e5c6" xlink:to="loc_us-gaap_FinancialInstrumentAxis_516fa038-c06e-44ef-ae0f-39553341101e" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_516fa038-c06e-44ef-ae0f-39553341101e_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancialInstrumentAxis_516fa038-c06e-44ef-ae0f-39553341101e" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_516fa038-c06e-44ef-ae0f-39553341101e_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c1b21b66-dc87-40c0-bef7-52fa9c8165ed" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancialInstrumentAxis_516fa038-c06e-44ef-ae0f-39553341101e" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c1b21b66-dc87-40c0-bef7-52fa9c8165ed" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoanWarehouseMember_f28603fb-ea41-4307-a35d-cc4d1b011017" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoanWarehouseMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c1b21b66-dc87-40c0-bef7-52fa9c8165ed" xlink:to="loc_rwt_ResidentialLoanWarehouseMember_f28603fb-ea41-4307-a35d-cc4d1b011017" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansMember_4b562903-c16a-43fa-9852-2eb26ab13ed0" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c1b21b66-dc87-40c0-bef7-52fa9c8165ed" xlink:to="loc_rwt_BusinessPurposeResidentialLoansMember_4b562903-c16a-43fa-9852-2eb26ab13ed0" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesMember_13d94054-4139-4b71-b82e-bfa54711fd62" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c1b21b66-dc87-40c0-bef7-52fa9c8165ed" xlink:to="loc_rwt_RealEstateSecuritiesMember_13d94054-4139-4b71-b82e-bfa54711fd62" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis_81918765-0db1-438a-824b-60f8db124fe0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_3b5b2baf-5330-437f-8e69-d80463c9e5c6" xlink:to="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis_81918765-0db1-438a-824b-60f8db124fe0" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain_81918765-0db1-438a-824b-60f8db124fe0_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis_81918765-0db1-438a-824b-60f8db124fe0" xlink:to="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain_81918765-0db1-438a-824b-60f8db124fe0_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain_df883d8a-6930-4f24-979a-694441a170e8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis_81918765-0db1-438a-824b-60f8db124fe0" xlink:to="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain_df883d8a-6930-4f24-979a-694441a170e8" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MaturityUpTo30DaysMember_bcd748ac-1a67-461d-a124-8c2d05519328" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MaturityUpTo30DaysMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain_df883d8a-6930-4f24-979a-694441a170e8" xlink:to="loc_us-gaap_MaturityUpTo30DaysMember_bcd748ac-1a67-461d-a124-8c2d05519328" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Maturity30To90DaysMember_af3815ae-fbb1-4529-98a2-bc70c6d09723" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Maturity30To90DaysMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain_df883d8a-6930-4f24-979a-694441a170e8" xlink:to="loc_us-gaap_Maturity30To90DaysMember_af3815ae-fbb1-4529-98a2-bc70c6d09723" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MaturityOver90DaysMember_54ad6b7d-35c4-4dcd-8b55-8bfa6d38979b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MaturityOver90DaysMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain_df883d8a-6930-4f24-979a-694441a170e8" xlink:to="loc_us-gaap_MaturityOver90DaysMember_54ad6b7d-35c4-4dcd-8b55-8bfa6d38979b" xlink:type="arc" order="2"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssued" xlink:type="simple" xlink:href="rwt-20210331.xsd#AssetBackedSecuritiesIssued"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssued" xlink:type="extended" id="i14c7853282004339837874d9c1c5a30d_AssetBackedSecuritiesIssued"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#AssetBackedSecuritiesIssuedTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedTables" xlink:type="extended" id="i1f94f78c15ac4cb2bfeb063cc19df012_AssetBackedSecuritiesIssuedTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails" xlink:type="extended" id="i3ecd3ae8d8e1477a9e0ec3013057b309_AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_3b06a70e-165f-4912-95f5-f27bdc266cd3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_92214cd6-d969-42d5-9e53-2e23441f15b3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_3b06a70e-165f-4912-95f5-f27bdc266cd3" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_92214cd6-d969-42d5-9e53-2e23441f15b3" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_e48c1443-7e93-4665-949e-25a60bf1d465" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebt"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_3b06a70e-165f-4912-95f5-f27bdc266cd3" xlink:to="loc_us-gaap_LongTermDebt_e48c1443-7e93-4665-949e-25a60bf1d465" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtWeightedAverageInterestRate_8c8f8a5f-237c-4231-a82d-7b47a117f10c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtWeightedAverageInterestRate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_3b06a70e-165f-4912-95f5-f27bdc266cd3" xlink:to="loc_us-gaap_DebtWeightedAverageInterestRate_8c8f8a5f-237c-4231-a82d-7b47a117f10c" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfSeries_0a5307b3-7d91-4e0a-9726-f6aa1ebd0db0" xlink:href="rwt-20210331.xsd#rwt_NumberOfSeries"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_3b06a70e-165f-4912-95f5-f27bdc266cd3" xlink:to="loc_rwt_NumberOfSeries_0a5307b3-7d91-4e0a-9726-f6aa1ebd0db0" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_ca387c2c-010a-4686-8b15-d59c8104755b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentFaceAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_3b06a70e-165f-4912-95f5-f27bdc266cd3" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_ca387c2c-010a-4686-8b15-d59c8104755b" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_001db7c6-eae8-47ab-9ba0-44414988155a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_DebtInstrumentLineItems_3b06a70e-165f-4912-95f5-f27bdc266cd3" xlink:to="loc_us-gaap_DebtInstrumentTable_001db7c6-eae8-47ab-9ba0-44414988155a" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_759997cb-d0ff-4bf8-b607-ed2c2e65ba55" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_001db7c6-eae8-47ab-9ba0-44414988155a" xlink:to="loc_us-gaap_DebtInstrumentAxis_759997cb-d0ff-4bf8-b607-ed2c2e65ba55" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_759997cb-d0ff-4bf8-b607-ed2c2e65ba55_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DebtInstrumentAxis_759997cb-d0ff-4bf8-b607-ed2c2e65ba55" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_759997cb-d0ff-4bf8-b607-ed2c2e65ba55_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_e0639063-e988-4ea4-9833-257420bee1c8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DebtInstrumentAxis_759997cb-d0ff-4bf8-b607-ed2c2e65ba55" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_e0639063-e988-4ea4-9833-257420bee1c8" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetBackedSecuritiesMember_aa2fad85-c6d6-424a-a614-abb7c62f070d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetBackedSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_e0639063-e988-4ea4-9833-257420bee1c8" xlink:to="loc_us-gaap_AssetBackedSecuritiesMember_aa2fad85-c6d6-424a-a614-abb7c62f070d" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_38b11de7-bbe1-48db-be18-8dba3f77b5a8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_001db7c6-eae8-47ab-9ba0-44414988155a" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_38b11de7-bbe1-48db-be18-8dba3f77b5a8" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_38b11de7-bbe1-48db-be18-8dba3f77b5a8_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_38b11de7-bbe1-48db-be18-8dba3f77b5a8" xlink:to="loc_us-gaap_RelatedPartyDomain_38b11de7-bbe1-48db-be18-8dba3f77b5a8_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_e05c0b5e-7f53-4c91-9a21-7b6a24b915b6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_38b11de7-bbe1-48db-be18-8dba3f77b5a8" xlink:to="loc_us-gaap_RelatedPartyDomain_e05c0b5e-7f53-4c91-9a21-7b6a24b915b6" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_eece10b1-7f62-4c5c-8366-a79692113e6c" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_e05c0b5e-7f53-4c91-9a21-7b6a24b915b6" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_eece10b1-7f62-4c5c-8366-a79692113e6c" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_a7121633-fcfd-4bc0-ad77-972308f331f3" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_e05c0b5e-7f53-4c91-9a21-7b6a24b915b6" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_a7121633-fcfd-4bc0-ad77-972308f331f3" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_82c33f69-37f0-4e59-9c60-f3cb51fb4d9b" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_e05c0b5e-7f53-4c91-9a21-7b6a24b915b6" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_82c33f69-37f0-4e59-9c60-f3cb51fb4d9b" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_19ca8655-0d39-4c37-adf0-6e04b9245c2b" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_e05c0b5e-7f53-4c91-9a21-7b6a24b915b6" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_19ca8655-0d39-4c37-adf0-6e04b9245c2b" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_ae79566f-4142-4987-b1a2-018c4dc4f761" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_e05c0b5e-7f53-4c91-9a21-7b6a24b915b6" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_ae79566f-4142-4987-b1a2-018c4dc4f761" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_90153615-20b5-4ea4-aa12-10dc1d2cc4cd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_001db7c6-eae8-47ab-9ba0-44414988155a" xlink:to="loc_us-gaap_InvestmentTypeAxis_90153615-20b5-4ea4-aa12-10dc1d2cc4cd" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_90153615-20b5-4ea4-aa12-10dc1d2cc4cd_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_InvestmentTypeAxis_90153615-20b5-4ea4-aa12-10dc1d2cc4cd" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_90153615-20b5-4ea4-aa12-10dc1d2cc4cd_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_4db4dd5e-2fc8-4e34-bdd1-ad21bf5df6af" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_InvestmentTypeAxis_90153615-20b5-4ea4-aa12-10dc1d2cc4cd" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_4db4dd5e-2fc8-4e34-bdd1-ad21bf5df6af" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CertificatesWithPrincipalValueMember_322973d1-da68-4f4b-b408-f5ae0ee450e2" xlink:href="rwt-20210331.xsd#rwt_CertificatesWithPrincipalValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_4db4dd5e-2fc8-4e34-bdd1-ad21bf5df6af" xlink:to="loc_rwt_CertificatesWithPrincipalValueMember_322973d1-da68-4f4b-b408-f5ae0ee450e2" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestOnlyCertificatesMember_e64b5352-b025-41ad-a1ad-997b3adb1356" xlink:href="rwt-20210331.xsd#rwt_InterestOnlyCertificatesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_4db4dd5e-2fc8-4e34-bdd1-ad21bf5df6af" xlink:to="loc_rwt_InterestOnlyCertificatesMember_e64b5352-b025-41ad-a1ad-997b3adb1356" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_ef329b9f-9d10-43df-88a4-1caaf0ed131f" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_001db7c6-eae8-47ab-9ba0-44414988155a" xlink:to="loc_srt_RangeAxis_ef329b9f-9d10-43df-88a4-1caaf0ed131f" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_ef329b9f-9d10-43df-88a4-1caaf0ed131f_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_RangeAxis_ef329b9f-9d10-43df-88a4-1caaf0ed131f" xlink:to="loc_srt_RangeMember_ef329b9f-9d10-43df-88a4-1caaf0ed131f_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_c747ccb2-7d8a-4b6f-93d5-3760f13d2b77" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_RangeAxis_ef329b9f-9d10-43df-88a4-1caaf0ed131f" xlink:to="loc_srt_RangeMember_c747ccb2-7d8a-4b6f-93d5-3760f13d2b77" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_0242b186-d73d-408e-b267-f3e58bc2fd6a" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MinimumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_c747ccb2-7d8a-4b6f-93d5-3760f13d2b77" xlink:to="loc_srt_MinimumMember_0242b186-d73d-408e-b267-f3e58bc2fd6a" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_72e01f97-17be-454a-ab9d-6cf08038a9da" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MaximumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_c747ccb2-7d8a-4b6f-93d5-3760f13d2b77" xlink:to="loc_srt_MaximumMember_72e01f97-17be-454a-ab9d-6cf08038a9da" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RestatementAxis_78ad3985-0418-45a4-8e6e-944eb6e5dc17" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RestatementAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_001db7c6-eae8-47ab-9ba0-44414988155a" xlink:to="loc_srt_RestatementAxis_78ad3985-0418-45a4-8e6e-944eb6e5dc17" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RestatementDomain_78ad3985-0418-45a4-8e6e-944eb6e5dc17_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RestatementDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_RestatementAxis_78ad3985-0418-45a4-8e6e-944eb6e5dc17" xlink:to="loc_srt_RestatementDomain_78ad3985-0418-45a4-8e6e-944eb6e5dc17_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RestatementDomain_e83416ce-dd19-4a4a-b124-10cdc906a3e2" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RestatementDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_RestatementAxis_78ad3985-0418-45a4-8e6e-944eb6e5dc17" xlink:to="loc_srt_RestatementDomain_e83416ce-dd19-4a4a-b124-10cdc906a3e2" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember_2e04151a-59a8-44ad-bbe2-28633fab0205" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RestatementDomain_e83416ce-dd19-4a4a-b124-10cdc906a3e2" xlink:to="loc_srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember_2e04151a-59a8-44ad-bbe2-28633fab0205" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#AssetBackedSecuritiesIssuedAdditionalInformationDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails" xlink:type="extended" id="i63d073bc37334db89414f16f0cfc31be_AssetBackedSecuritiesIssuedAdditionalInformationDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_a13ba541-d52e-49a7-829d-69ea71b2fb1e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost_ba1d2397-ae34-439a-89ae-ac5d8a325e19" xlink:href="rwt-20210331.xsd#rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_a13ba541-d52e-49a7-829d-69ea71b2fb1e" xlink:to="loc_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost_ba1d2397-ae34-439a-89ae-ac5d8a325e19" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityOwnershipPercentage_b6da7490-ee6d-4374-9d41-8dce29d8755d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityOwnershipPercentage"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_a13ba541-d52e-49a7-829d-69ea71b2fb1e" xlink:to="loc_us-gaap_VariableInterestEntityOwnershipPercentage_b6da7490-ee6d-4374-9d41-8dce29d8755d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_1a1fe5d1-d3f2-46d5-b6c3-662bd57e52a1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentFaceAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_a13ba541-d52e-49a7-829d-69ea71b2fb1e" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_1a1fe5d1-d3f2-46d5-b6c3-662bd57e52a1" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedDiscount_19304293-518f-4a9f-b599-d4f6c8fd4b3c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_a13ba541-d52e-49a7-829d-69ea71b2fb1e" xlink:to="loc_us-gaap_DebtInstrumentUnamortizedDiscount_19304293-518f-4a9f-b599-d4f6c8fd4b3c" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_3239b880-9252-4e24-a0c8-15db00b259a4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_a13ba541-d52e-49a7-829d-69ea71b2fb1e" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_3239b880-9252-4e24-a0c8-15db00b259a4" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LongTermMarketableSecuritiesMaturitiesTerm_3d85c584-2caa-4709-961d-45bbbd6ef5b1" xlink:href="rwt-20210331.xsd#rwt_LongTermMarketableSecuritiesMaturitiesTerm"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_a13ba541-d52e-49a7-829d-69ea71b2fb1e" xlink:to="loc_rwt_LongTermMarketableSecuritiesMaturitiesTerm_3d85c584-2caa-4709-961d-45bbbd6ef5b1" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_9dcb4342-e515-4055-a73e-cb7eb9e36188" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_DebtInstrumentLineItems_a13ba541-d52e-49a7-829d-69ea71b2fb1e" xlink:to="loc_us-gaap_DebtInstrumentTable_9dcb4342-e515-4055-a73e-cb7eb9e36188" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_35f6d1ed-22b2-4ba9-b51f-737499444ec9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_9dcb4342-e515-4055-a73e-cb7eb9e36188" xlink:to="loc_us-gaap_DebtInstrumentAxis_35f6d1ed-22b2-4ba9-b51f-737499444ec9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_35f6d1ed-22b2-4ba9-b51f-737499444ec9_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DebtInstrumentAxis_35f6d1ed-22b2-4ba9-b51f-737499444ec9" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_35f6d1ed-22b2-4ba9-b51f-737499444ec9_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_107c2a60-5480-4fc8-9cfb-ce34abd9ac6e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DebtInstrumentAxis_35f6d1ed-22b2-4ba9-b51f-737499444ec9" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_107c2a60-5480-4fc8-9cfb-ce34abd9ac6e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetBackedSecuritiesMember_071bfa42-9c95-4185-a026-d4b714106bc0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetBackedSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_107c2a60-5480-4fc8-9cfb-ce34abd9ac6e" xlink:to="loc_us-gaap_AssetBackedSecuritiesMember_071bfa42-9c95-4185-a026-d4b714106bc0" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentSecondaryCategorizationAxis_56ed023e-7fff-4e13-be4f-27dc455cb804" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentSecondaryCategorizationAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_9dcb4342-e515-4055-a73e-cb7eb9e36188" xlink:to="loc_us-gaap_InvestmentSecondaryCategorizationAxis_56ed023e-7fff-4e13-be4f-27dc455cb804" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsBySecondaryCategorizationDomain_56ed023e-7fff-4e13-be4f-27dc455cb804_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsBySecondaryCategorizationDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_InvestmentSecondaryCategorizationAxis_56ed023e-7fff-4e13-be4f-27dc455cb804" xlink:to="loc_us-gaap_InvestmentsBySecondaryCategorizationDomain_56ed023e-7fff-4e13-be4f-27dc455cb804_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsBySecondaryCategorizationDomain_aff14e34-30a9-4de2-a562-1cbac8413658" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsBySecondaryCategorizationDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_InvestmentSecondaryCategorizationAxis_56ed023e-7fff-4e13-be4f-27dc455cb804" xlink:to="loc_us-gaap_InvestmentsBySecondaryCategorizationDomain_aff14e34-30a9-4de2-a562-1cbac8413658" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MaturityOverFiveYearsMember_26ae2402-4b56-4136-8ceb-a4993afc48f6" xlink:href="rwt-20210331.xsd#rwt_MaturityOverFiveYearsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentsBySecondaryCategorizationDomain_aff14e34-30a9-4de2-a562-1cbac8413658" xlink:to="loc_rwt_MaturityOverFiveYearsMember_26ae2402-4b56-4136-8ceb-a4993afc48f6" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_e21df8d1-1ba1-4bca-8e62-e287d47aba76" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_9dcb4342-e515-4055-a73e-cb7eb9e36188" xlink:to="loc_srt_ConsolidatedEntitiesAxis_e21df8d1-1ba1-4bca-8e62-e287d47aba76" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_e21df8d1-1ba1-4bca-8e62-e287d47aba76_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidatedEntitiesAxis_e21df8d1-1ba1-4bca-8e62-e287d47aba76" xlink:to="loc_srt_ConsolidatedEntitiesDomain_e21df8d1-1ba1-4bca-8e62-e287d47aba76_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_130d3a97-eb4b-4bd1-a7dd-a5eee1136691" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidatedEntitiesAxis_e21df8d1-1ba1-4bca-8e62-e287d47aba76" xlink:to="loc_srt_ConsolidatedEntitiesDomain_130d3a97-eb4b-4bd1-a7dd-a5eee1136691" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_7d1a52fa-5398-4679-aefa-77c19ed49c29" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidatedEntitiesDomain_130d3a97-eb4b-4bd1-a7dd-a5eee1136691" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_7d1a52fa-5398-4679-aefa-77c19ed49c29" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_92316f7d-9468-432f-9834-762a3b6df3fb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_9dcb4342-e515-4055-a73e-cb7eb9e36188" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_92316f7d-9468-432f-9834-762a3b6df3fb" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_92316f7d-9468-432f-9834-762a3b6df3fb_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_92316f7d-9468-432f-9834-762a3b6df3fb" xlink:to="loc_us-gaap_RelatedPartyDomain_92316f7d-9468-432f-9834-762a3b6df3fb_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_7c13550c-1007-457b-8ae8-fa215960bab7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_92316f7d-9468-432f-9834-762a3b6df3fb" xlink:to="loc_us-gaap_RelatedPartyDomain_7c13550c-1007-457b-8ae8-fa215960bab7" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_0c6d9b0f-fff5-4edd-8c0a-1a6b533dbb5e" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_7c13550c-1007-457b-8ae8-fa215960bab7" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_0c6d9b0f-fff5-4edd-8c0a-1a6b533dbb5e" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#AssetBackedSecuritiesIssuedAccruedInterestPayableDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails" xlink:type="extended" id="ia975108fc67845cf877711d7f9336efd_AssetBackedSecuritiesIssuedAccruedInterestPayableDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_131dc434-f753-417d-94a6-5d01e55da1b8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfFinancingCosts_f21fcdee-c405-4bcd-ad8c-7b83743b6939" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AmortizationOfFinancingCosts"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_131dc434-f753-417d-94a6-5d01e55da1b8" xlink:to="loc_us-gaap_AmortizationOfFinancingCosts_f21fcdee-c405-4bcd-ad8c-7b83743b6939" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_973aa76b-86db-4c2c-b6e6-a74fcf3fc326" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_DebtInstrumentLineItems_131dc434-f753-417d-94a6-5d01e55da1b8" xlink:to="loc_us-gaap_DebtInstrumentTable_973aa76b-86db-4c2c-b6e6-a74fcf3fc326" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_9e755886-88ae-45ca-ae21-69160f5a3dc3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_973aa76b-86db-4c2c-b6e6-a74fcf3fc326" xlink:to="loc_us-gaap_DebtInstrumentAxis_9e755886-88ae-45ca-ae21-69160f5a3dc3" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_9e755886-88ae-45ca-ae21-69160f5a3dc3_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DebtInstrumentAxis_9e755886-88ae-45ca-ae21-69160f5a3dc3" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_9e755886-88ae-45ca-ae21-69160f5a3dc3_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_210da301-e364-4ed1-a8d5-cdc6f773733b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DebtInstrumentAxis_9e755886-88ae-45ca-ae21-69160f5a3dc3" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_210da301-e364-4ed1-a8d5-cdc6f773733b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetBackedSecuritiesMember_d90230ca-45f8-48f3-9ec8-8bbd1b949683" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetBackedSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_210da301-e364-4ed1-a8d5-cdc6f773733b" xlink:to="loc_us-gaap_AssetBackedSecuritiesMember_d90230ca-45f8-48f3-9ec8-8bbd1b949683" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_f87617ad-0fd3-4d3f-9fe3-2b9b20cec50d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_973aa76b-86db-4c2c-b6e6-a74fcf3fc326" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_f87617ad-0fd3-4d3f-9fe3-2b9b20cec50d" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_f87617ad-0fd3-4d3f-9fe3-2b9b20cec50d_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_f87617ad-0fd3-4d3f-9fe3-2b9b20cec50d" xlink:to="loc_us-gaap_RelatedPartyDomain_f87617ad-0fd3-4d3f-9fe3-2b9b20cec50d_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_6632314b-b276-44c8-9bdc-ca3fc7010aef" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_f87617ad-0fd3-4d3f-9fe3-2b9b20cec50d" xlink:to="loc_us-gaap_RelatedPartyDomain_6632314b-b276-44c8-9bdc-ca3fc7010aef" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_084fb459-33e8-43f1-9428-9f4d27284847" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_6632314b-b276-44c8-9bdc-ca3fc7010aef" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_084fb459-33e8-43f1-9428-9f4d27284847" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_36528b8a-4f45-45eb-8d07-33d759ab5ce1" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_6632314b-b276-44c8-9bdc-ca3fc7010aef" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_36528b8a-4f45-45eb-8d07-33d759ab5ce1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_f72e9f0e-ef2c-455b-b34c-aaaae3cc6a18" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_6632314b-b276-44c8-9bdc-ca3fc7010aef" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_f72e9f0e-ef2c-455b-b34c-aaaae3cc6a18" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_9b10a3f0-b64c-4186-bf84-7f203a563f55" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_6632314b-b276-44c8-9bdc-ca3fc7010aef" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_9b10a3f0-b64c-4186-bf84-7f203a563f55" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_b3c616db-2fdb-4b69-bb58-7a40aba09ea9" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_6632314b-b276-44c8-9bdc-ca3fc7010aef" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_b3c616db-2fdb-4b69-bb58-7a40aba09ea9" xlink:type="arc" order="4"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/LongTermDebt" xlink:type="simple" xlink:href="rwt-20210331.xsd#LongTermDebt"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/LongTermDebt" xlink:type="extended" id="i702f9d190b464457b55d793b00062a5f_LongTermDebt"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/LongTermDebtTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#LongTermDebtTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/LongTermDebtTables" xlink:type="extended" id="i3f63232f0565402abf5e800d1781c96f_LongTermDebtTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#LongTermDebtScheduleofComponentsofLongTermDebtDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails" xlink:type="extended" id="i0a08487f73fc45729dad4b82d7e97d61_LongTermDebtScheduleofComponentsofLongTermDebtDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_d5e4b32e-7445-4b6e-9a5b-233d077a5626" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_5f300cc2-1071-41b1-bd08-b30cd4d068dc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_d5e4b32e-7445-4b6e-9a5b-233d077a5626" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_5f300cc2-1071-41b1-bd08-b30cd4d068dc" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_80c87055-2eda-4b04-864e-a0dd3fe662fd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_d5e4b32e-7445-4b6e-9a5b-233d077a5626" xlink:to="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_80c87055-2eda-4b04-864e-a0dd3fe662fd" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_c3e802b7-ffc8-4324-88af-ba463668478b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebt"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_d5e4b32e-7445-4b6e-9a5b-233d077a5626" xlink:to="loc_us-gaap_LongTermDebt_c3e802b7-ffc8-4324-88af-ba463668478b" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_95137639-3201-4abc-8d12-4def3f04ad8b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_d5e4b32e-7445-4b6e-9a5b-233d077a5626" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_95137639-3201-4abc-8d12-4def3f04ad8b" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_ed3ccd00-9a3b-4345-932c-9fcebd9a2d97" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_d5e4b32e-7445-4b6e-9a5b-233d077a5626" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_ed3ccd00-9a3b-4345-932c-9fcebd9a2d97" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_176c1671-6acd-41df-a274-4836cd1b7895" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_d5e4b32e-7445-4b6e-9a5b-233d077a5626" xlink:to="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_176c1671-6acd-41df-a274-4836cd1b7895" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_0c2c460c-7446-4904-90f5-391380d7005b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_DebtInstrumentLineItems_d5e4b32e-7445-4b6e-9a5b-233d077a5626" xlink:to="loc_us-gaap_DebtInstrumentTable_0c2c460c-7446-4904-90f5-391380d7005b" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_ad5a686f-f8bb-4447-aafe-ffafd71c520d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_0c2c460c-7446-4904-90f5-391380d7005b" xlink:to="loc_us-gaap_DebtInstrumentAxis_ad5a686f-f8bb-4447-aafe-ffafd71c520d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_ad5a686f-f8bb-4447-aafe-ffafd71c520d_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DebtInstrumentAxis_ad5a686f-f8bb-4447-aafe-ffafd71c520d" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_ad5a686f-f8bb-4447-aafe-ffafd71c520d_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DebtInstrumentAxis_ad5a686f-f8bb-4447-aafe-ffafd71c520d" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NonMarginableDebtRepurchaseAgreementOneMember_a5a38db0-7a77-494b-be69-1ed4725160c6" xlink:href="rwt-20210331.xsd#rwt_NonMarginableDebtRepurchaseAgreementOneMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_NonMarginableDebtRepurchaseAgreementOneMember_a5a38db0-7a77-494b-be69-1ed4725160c6" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NonMarginableDebtRepurchaseAgreementTwoMember_0957118b-b657-4a1f-b064-f2fc6edb237f" xlink:href="rwt-20210331.xsd#rwt_NonMarginableDebtRepurchaseAgreementTwoMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_NonMarginableDebtRepurchaseAgreementTwoMember_0957118b-b657-4a1f-b064-f2fc6edb237f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember_153f5314-348b-436f-8463-1e2b87c4411d" xlink:href="rwt-20210331.xsd#rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember_153f5314-348b-436f-8463-1e2b87c4411d" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember_168bfc2d-6a37-4f80-aa87-056e5f012259" xlink:href="rwt-20210331.xsd#rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember_168bfc2d-6a37-4f80-aa87-056e5f012259" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member_6c33ab3f-0ac8-49a8-a0b9-20d89c87a9c0" xlink:href="rwt-20210331.xsd#rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member_6c33ab3f-0ac8-49a8-a0b9-20d89c87a9c0" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RecourseBusinessPurposeLoanFinancingFacilityMember_99e74e19-e826-40b8-88e7-3d21f3eb10a4" xlink:href="rwt-20210331.xsd#rwt_RecourseBusinessPurposeLoanFinancingFacilityMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_RecourseBusinessPurposeLoanFinancingFacilityMember_99e74e19-e826-40b8-88e7-3d21f3eb10a4" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FHLBCBorrowingsMember_d6718e95-db76-4a09-a9cf-8b2d49dfa5da" xlink:href="rwt-20210331.xsd#rwt_FHLBCBorrowingsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_FHLBCBorrowingsMember_d6718e95-db76-4a09-a9cf-8b2d49dfa5da" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorNotesDue2023Member_4deb8066-6261-4e8d-bbae-aae8c030a56a" xlink:href="rwt-20210331.xsd#rwt_SeniorNotesDue2023Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_SeniorNotesDue2023Member_4deb8066-6261-4e8d-bbae-aae8c030a56a" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorNotesDue2024Member_7eee6d91-f98e-43ad-b408-8579c64f04ad" xlink:href="rwt-20210331.xsd#rwt_SeniorNotesDue2024Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_SeniorNotesDue2024Member_7eee6d91-f98e-43ad-b408-8579c64f04ad" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExchangeableSeniorNotesDue2025Member_ef13a1aa-7e5b-4ccb-90fc-66fee2cb2813" xlink:href="rwt-20210331.xsd#rwt_ExchangeableSeniorNotesDue2025Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_ExchangeableSeniorNotesDue2025Member_ef13a1aa-7e5b-4ccb-90fc-66fee2cb2813" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_053a7ae7-e55c-4c56-9b28-84206cb9c303" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_0c2c460c-7446-4904-90f5-391380d7005b" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_053a7ae7-e55c-4c56-9b28-84206cb9c303" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_053a7ae7-e55c-4c56-9b28-84206cb9c303_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_053a7ae7-e55c-4c56-9b28-84206cb9c303" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_053a7ae7-e55c-4c56-9b28-84206cb9c303_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_d3c14a7a-ffe1-4782-9697-8f94365426f5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_053a7ae7-e55c-4c56-9b28-84206cb9c303" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_d3c14a7a-ffe1-4782-9697-8f94365426f5" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember_84e5208b-e13a-4458-819c-154cb5eadaa3" xlink:href="rwt-20210331.xsd#rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_d3c14a7a-ffe1-4782-9697-8f94365426f5" xlink:to="loc_rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember_84e5208b-e13a-4458-819c-154cb5eadaa3" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_8ae3b814-9a14-4fcb-b85e-250f69e4913a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_d3c14a7a-ffe1-4782-9697-8f94365426f5" xlink:to="loc_us-gaap_LineOfCreditMember_8ae3b814-9a14-4fcb-b85e-250f69e4913a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtMember_a1b8ca00-b52b-49f5-b3f2-50b0ea81ba56" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConvertibleDebtMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_d3c14a7a-ffe1-4782-9697-8f94365426f5" xlink:to="loc_us-gaap_ConvertibleDebtMember_a1b8ca00-b52b-49f5-b3f2-50b0ea81ba56" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TrustPreferredSecuritiesMember_ba63704c-f753-4cb6-be06-cb78c60011bc" xlink:href="rwt-20210331.xsd#rwt_TrustPreferredSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_d3c14a7a-ffe1-4782-9697-8f94365426f5" xlink:to="loc_rwt_TrustPreferredSecuritiesMember_ba63704c-f753-4cb6-be06-cb78c60011bc" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_821de450-96fe-4688-89cc-d02c013ad8c0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_0c2c460c-7446-4904-90f5-391380d7005b" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_821de450-96fe-4688-89cc-d02c013ad8c0" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_821de450-96fe-4688-89cc-d02c013ad8c0_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_821de450-96fe-4688-89cc-d02c013ad8c0" xlink:to="loc_us-gaap_RelatedPartyDomain_821de450-96fe-4688-89cc-d02c013ad8c0_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_42deb15d-2751-4ec8-a6be-fc126eef835a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_821de450-96fe-4688-89cc-d02c013ad8c0" xlink:to="loc_us-gaap_RelatedPartyDomain_42deb15d-2751-4ec8-a6be-fc126eef835a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_AffiliatedEntityMember_025593f4-f608-44ac-ac16-aab704a7dcef" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_AffiliatedEntityMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_42deb15d-2751-4ec8-a6be-fc126eef835a" xlink:to="loc_srt_AffiliatedEntityMember_025593f4-f608-44ac-ac16-aab704a7dcef" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableRateAxis_19fe2379-6cbc-4110-a8d4-9b1a316daeab" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableRateAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_0c2c460c-7446-4904-90f5-391380d7005b" xlink:to="loc_us-gaap_VariableRateAxis_19fe2379-6cbc-4110-a8d4-9b1a316daeab" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableRateDomain_19fe2379-6cbc-4110-a8d4-9b1a316daeab_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableRateDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_VariableRateAxis_19fe2379-6cbc-4110-a8d4-9b1a316daeab" xlink:to="loc_us-gaap_VariableRateDomain_19fe2379-6cbc-4110-a8d4-9b1a316daeab_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableRateDomain_f0a43faa-e334-42dc-9de0-0c584337e3f5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableRateDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_VariableRateAxis_19fe2379-6cbc-4110-a8d4-9b1a316daeab" xlink:to="loc_us-gaap_VariableRateDomain_f0a43faa-e334-42dc-9de0-0c584337e3f5" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LondonInterbankOfferedRateLIBORMember_e4bac0ee-795f-4874-b72c-d3f24320c69d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LondonInterbankOfferedRateLIBORMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableRateDomain_f0a43faa-e334-42dc-9de0-0c584337e3f5" xlink:to="loc_us-gaap_LondonInterbankOfferedRateLIBORMember_e4bac0ee-795f-4874-b72c-d3f24320c69d" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_516ac1c9-350f-4fc1-a9bd-e9d551a1d8fe" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_0c2c460c-7446-4904-90f5-391380d7005b" xlink:to="loc_srt_RangeAxis_516ac1c9-350f-4fc1-a9bd-e9d551a1d8fe" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_516ac1c9-350f-4fc1-a9bd-e9d551a1d8fe_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_RangeAxis_516ac1c9-350f-4fc1-a9bd-e9d551a1d8fe" xlink:to="loc_srt_RangeMember_516ac1c9-350f-4fc1-a9bd-e9d551a1d8fe_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_14df481a-a9fa-4b6c-8e43-2bdd1f8cc149" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_RangeAxis_516ac1c9-350f-4fc1-a9bd-e9d551a1d8fe" xlink:to="loc_srt_RangeMember_14df481a-a9fa-4b6c-8e43-2bdd1f8cc149" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_fbb56f78-7fe4-4966-a740-5401f88abe05" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MinimumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_14df481a-a9fa-4b6c-8e43-2bdd1f8cc149" xlink:to="loc_srt_MinimumMember_fbb56f78-7fe4-4966-a740-5401f88abe05" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_31b4c476-8ac2-40da-b008-7a2cdc2d30da" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MaximumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_14df481a-a9fa-4b6c-8e43-2bdd1f8cc149" xlink:to="loc_srt_MaximumMember_31b4c476-8ac2-40da-b008-7a2cdc2d30da" xlink:type="arc" order="1"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#LongTermDebtScheduleofCollateralforLongTermDebtDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails" xlink:type="extended" id="if1c4f9844d224ae4a1f066042468fe92_LongTermDebtScheduleofCollateralforLongTermDebtDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_cf75852a-4caa-46e3-8743-2a92ce54479f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCollateralAmount_d243ee4e-8a42-4c4e-88ce-4777b08ef149" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentCollateralAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_cf75852a-4caa-46e3-8743-2a92ce54479f" xlink:to="loc_us-gaap_DebtInstrumentCollateralAmount_d243ee4e-8a42-4c4e-88ce-4777b08ef149" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_d20c9d03-d51a-434c-8027-f45e8328a8af" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_DebtInstrumentLineItems_cf75852a-4caa-46e3-8743-2a92ce54479f" xlink:to="loc_us-gaap_DebtInstrumentTable_d20c9d03-d51a-434c-8027-f45e8328a8af" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CollateralAxis_c0838e1a-0fc7-4b4d-9404-675a179a0c76" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CollateralAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_d20c9d03-d51a-434c-8027-f45e8328a8af" xlink:to="loc_us-gaap_CollateralAxis_c0838e1a-0fc7-4b4d-9404-675a179a0c76" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CollateralDomain_c0838e1a-0fc7-4b4d-9404-675a179a0c76_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CollateralDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_CollateralAxis_c0838e1a-0fc7-4b4d-9404-675a179a0c76" xlink:to="loc_us-gaap_CollateralDomain_c0838e1a-0fc7-4b4d-9404-675a179a0c76_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CollateralDomain_f880ec52-d37e-4ad4-a63e-35394241af6e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CollateralDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_CollateralAxis_c0838e1a-0fc7-4b4d-9404-675a179a0c76" xlink:to="loc_us-gaap_CollateralDomain_f880ec52-d37e-4ad4-a63e-35394241af6e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BridgeLoanMember_b37a6cbc-f7e5-464e-a1a8-17a4aab15f12" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BridgeLoanMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_CollateralDomain_f880ec52-d37e-4ad4-a63e-35394241af6e" xlink:to="loc_us-gaap_BridgeLoanMember_b37a6cbc-f7e5-464e-a1a8-17a4aab15f12" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialRealEstateMember_f3737fdf-a593-4f72-856f-dc4cb3f46d6d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialRealEstateMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_CollateralDomain_f880ec52-d37e-4ad4-a63e-35394241af6e" xlink:to="loc_us-gaap_ResidentialRealEstateMember_f3737fdf-a593-4f72-856f-dc4cb3f46d6d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommercialRealEstateMember_1b094672-2cde-4a90-9dbb-325817d9a8e1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommercialRealEstateMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_CollateralDomain_f880ec52-d37e-4ad4-a63e-35394241af6e" xlink:to="loc_us-gaap_CommercialRealEstateMember_1b094672-2cde-4a90-9dbb-325817d9a8e1" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherBusinessPurposeLoanInvestmentsMember_2db15995-5c1b-42b4-8744-4598a21ce783" xlink:href="rwt-20210331.xsd#rwt_OtherBusinessPurposeLoanInvestmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_CollateralDomain_f880ec52-d37e-4ad4-a63e-35394241af6e" xlink:to="loc_rwt_OtherBusinessPurposeLoanInvestmentsMember_2db15995-5c1b-42b4-8744-4598a21ce783" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RestrictedCashMember_a07338ad-2399-4862-9041-dfc6926abf28" xlink:href="rwt-20210331.xsd#rwt_RestrictedCashMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_CollateralDomain_f880ec52-d37e-4ad4-a63e-35394241af6e" xlink:to="loc_rwt_RestrictedCashMember_a07338ad-2399-4862-9041-dfc6926abf28" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_7621103c-635e-4951-8814-04ba839d5219" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_d20c9d03-d51a-434c-8027-f45e8328a8af" xlink:to="loc_us-gaap_DebtInstrumentAxis_7621103c-635e-4951-8814-04ba839d5219" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_7621103c-635e-4951-8814-04ba839d5219_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DebtInstrumentAxis_7621103c-635e-4951-8814-04ba839d5219" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_7621103c-635e-4951-8814-04ba839d5219_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_ef38fe75-1383-4570-8f53-eb2344871602" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DebtInstrumentAxis_7621103c-635e-4951-8814-04ba839d5219" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_ef38fe75-1383-4570-8f53-eb2344871602" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NonMarginableDebtRepurchaseAgreementOneMember_87a3c4b6-2139-4fc6-b8ba-7a8904f96b20" xlink:href="rwt-20210331.xsd#rwt_NonMarginableDebtRepurchaseAgreementOneMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_ef38fe75-1383-4570-8f53-eb2344871602" xlink:to="loc_rwt_NonMarginableDebtRepurchaseAgreementOneMember_87a3c4b6-2139-4fc6-b8ba-7a8904f96b20" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NonMarginableDebtRepurchaseAgreementTwoMember_947d0b60-a65b-4033-ac20-246dbe2e4aa8" xlink:href="rwt-20210331.xsd#rwt_NonMarginableDebtRepurchaseAgreementTwoMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_ef38fe75-1383-4570-8f53-eb2344871602" xlink:to="loc_rwt_NonMarginableDebtRepurchaseAgreementTwoMember_947d0b60-a65b-4033-ac20-246dbe2e4aa8" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_3cc27ef6-6160-4152-8d7d-f05e4293090d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_d20c9d03-d51a-434c-8027-f45e8328a8af" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_3cc27ef6-6160-4152-8d7d-f05e4293090d" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_3cc27ef6-6160-4152-8d7d-f05e4293090d_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_3cc27ef6-6160-4152-8d7d-f05e4293090d" xlink:to="loc_us-gaap_RelatedPartyDomain_3cc27ef6-6160-4152-8d7d-f05e4293090d_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_d0b40bff-88ad-4307-8ad3-a7f568156133" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_3cc27ef6-6160-4152-8d7d-f05e4293090d" xlink:to="loc_us-gaap_RelatedPartyDomain_d0b40bff-88ad-4307-8ad3-a7f568156133" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_AffiliatedEntityMember_3250d142-7489-4e74-9b06-3b7cd6d1bb97" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_AffiliatedEntityMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_d0b40bff-88ad-4307-8ad3-a7f568156133" xlink:to="loc_srt_AffiliatedEntityMember_3250d142-7489-4e74-9b06-3b7cd6d1bb97" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails" xlink:type="extended" id="iffa94cbb67f1457490c082a1753ac853_LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_9c8950b6-c0ce-473f-88ae-6ceddb661c00" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestPayableNoncurrent_a0048fa9-7435-4f80-b404-56c474bd4e16" xlink:href="rwt-20210331.xsd#rwt_InterestPayableNoncurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_9c8950b6-c0ce-473f-88ae-6ceddb661c00" xlink:to="loc_rwt_InterestPayableNoncurrent_a0048fa9-7435-4f80-b404-56c474bd4e16" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_f4b07429-8a90-4829-bbb8-584c5b4c54f5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_DebtInstrumentLineItems_9c8950b6-c0ce-473f-88ae-6ceddb661c00" xlink:to="loc_us-gaap_DebtInstrumentTable_f4b07429-8a90-4829-bbb8-584c5b4c54f5" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_d71721fb-62e9-443d-a038-a59020a05ba8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_f4b07429-8a90-4829-bbb8-584c5b4c54f5" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_d71721fb-62e9-443d-a038-a59020a05ba8" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_d71721fb-62e9-443d-a038-a59020a05ba8_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_d71721fb-62e9-443d-a038-a59020a05ba8" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_d71721fb-62e9-443d-a038-a59020a05ba8_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_da11b09a-c4ef-4e6b-9d3e-3cda08706fcd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_d71721fb-62e9-443d-a038-a59020a05ba8" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_da11b09a-c4ef-4e6b-9d3e-3cda08706fcd" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_317e3450-0c0d-461b-949f-26e7a84dd8c2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_da11b09a-c4ef-4e6b-9d3e-3cda08706fcd" xlink:to="loc_us-gaap_LineOfCreditMember_317e3450-0c0d-461b-949f-26e7a84dd8c2" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtMember_a3131dcf-84c8-4fd5-b879-56a996ddbae4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConvertibleDebtMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_da11b09a-c4ef-4e6b-9d3e-3cda08706fcd" xlink:to="loc_us-gaap_ConvertibleDebtMember_a3131dcf-84c8-4fd5-b879-56a996ddbae4" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TrustPreferredSecuritiesMember_6ccfd58b-5132-4111-b154-7a698abc49a7" xlink:href="rwt-20210331.xsd#rwt_TrustPreferredSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_da11b09a-c4ef-4e6b-9d3e-3cda08706fcd" xlink:to="loc_rwt_TrustPreferredSecuritiesMember_6ccfd58b-5132-4111-b154-7a698abc49a7" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_d8a901a5-138f-484a-bd17-28c6703295ee" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_f4b07429-8a90-4829-bbb8-584c5b4c54f5" xlink:to="loc_us-gaap_DebtInstrumentAxis_d8a901a5-138f-484a-bd17-28c6703295ee" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_d8a901a5-138f-484a-bd17-28c6703295ee_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DebtInstrumentAxis_d8a901a5-138f-484a-bd17-28c6703295ee" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_d8a901a5-138f-484a-bd17-28c6703295ee_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_72b349d7-ce2e-478a-b7c8-e86c78aa5a32" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DebtInstrumentAxis_d8a901a5-138f-484a-bd17-28c6703295ee" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_72b349d7-ce2e-478a-b7c8-e86c78aa5a32" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExchangeableSeniorNotesDue2025Member_d7199f1a-9888-44b3-9346-4b8d7840ed2a" xlink:href="rwt-20210331.xsd#rwt_ExchangeableSeniorNotesDue2025Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_72b349d7-ce2e-478a-b7c8-e86c78aa5a32" xlink:to="loc_rwt_ExchangeableSeniorNotesDue2025Member_d7199f1a-9888-44b3-9346-4b8d7840ed2a" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorNotesDue2024Member_cdae19b9-d45d-427a-8b90-7480b826fcd2" xlink:href="rwt-20210331.xsd#rwt_SeniorNotesDue2024Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_72b349d7-ce2e-478a-b7c8-e86c78aa5a32" xlink:to="loc_rwt_SeniorNotesDue2024Member_cdae19b9-d45d-427a-8b90-7480b826fcd2" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorNotesDue2023Member_7b2dd9d8-62df-4c7d-a823-f311a55dc5a3" xlink:href="rwt-20210331.xsd#rwt_SeniorNotesDue2023Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_72b349d7-ce2e-478a-b7c8-e86c78aa5a32" xlink:to="loc_rwt_SeniorNotesDue2023Member_7b2dd9d8-62df-4c7d-a823-f311a55dc5a3" xlink:type="arc" order="2"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingencies" xlink:type="simple" xlink:href="rwt-20210331.xsd#CommitmentsandContingencies"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/CommitmentsandContingencies" xlink:type="extended" id="iee5d18e43ae14775a78c2cff29332f74_CommitmentsandContingencies"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingenciesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#CommitmentsandContingenciesTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/CommitmentsandContingenciesTables" xlink:type="extended" id="idd281799570349518eace5488ac3640d_CommitmentsandContingenciesTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#CommitmentsandContingenciesAdditionalInformationDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails" xlink:type="extended" id="ic4c3f013f35b41ee8e3b6da6120cd055_CommitmentsandContingenciesAdditionalInformationDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LossContingenciesLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LesseeNumberOfLeases_d939fda3-8114-4311-8a72-969d3a95162b" xlink:href="rwt-20210331.xsd#rwt_LesseeNumberOfLeases"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_LesseeNumberOfLeases_d939fda3-8114-4311-8a72-969d3a95162b" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_d1dd1713-2e85-4c77-b7af-89518320e235" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_d1dd1713-2e85-4c77-b7af-89518320e235" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseCost_de34c512-7909-42ad-b9cb-c3d0dfe15144" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseCost"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_OperatingLeaseCost_de34c512-7909-42ad-b9cb-c3d0dfe15144" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiability_32d77f5c-449a-4351-9bde-7b6ce1a0b42c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseLiability"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_OperatingLeaseLiability_32d77f5c-449a-4351-9bde-7b6ce1a0b42c" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList_56cf4074-8ced-40e7-a850-211b5cf1d6eb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList_56cf4074-8ced-40e7-a850-211b5cf1d6eb" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_13bd10d7-8ff4-4775-9edb-39b2666e93e7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_13bd10d7-8ff4-4775-9edb-39b2666e93e7" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList_6d79fe63-1d76-4688-98a9-484b22fa7f43" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList_6d79fe63-1d76-4688-98a9-484b22fa7f43" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_f0bfc2e9-1769-4730-998f-1512f515bcd1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_f0bfc2e9-1769-4730-998f-1512f515bcd1" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_c9a5404f-b3ed-4acb-978e-6b21b64eede9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_c9a5404f-b3ed-4acb-978e-6b21b64eede9" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitment_0213b017-729c-4ff3-b05b-6ac8c34460fe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitment"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_OtherCommitment_0213b017-729c-4ff3-b05b-6ac8c34460fe" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_eb0c49f4-63aa-4fa2-933c-785bd011e72d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_DerivativeLiabilities_eb0c49f4-63aa-4fa2-933c-785bd011e72d" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundPartnershipNumberOfPartnerships_d34c3927-7580-4e33-b71b-9d85323af668" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundPartnershipNumberOfPartnerships"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_CommitmentToFundPartnershipNumberOfPartnerships_d34c3927-7580-4e33-b71b-9d85323af668" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance_3f6f3613-5969-400f-b33a-4519bd4e8c52" xlink:href="rwt-20210331.xsd#rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance_3f6f3613-5969-400f-b33a-4519bd4e8c52" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PotentialFuturePayments_6bb0bd4f-7417-4708-9d49-74b3f18d1b4c" xlink:href="rwt-20210331.xsd#rwt_PotentialFuturePayments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_PotentialFuturePayments_6bb0bd4f-7417-4708-9d49-74b3f18d1b4c" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FeeIncomeRiskSharingAgreement_51776fc4-bbed-4146-bc30-bf5035770a41" xlink:href="rwt-20210331.xsd#rwt_FeeIncomeRiskSharingAgreement"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_FeeIncomeRiskSharingAgreement_51776fc4-bbed-4146-bc30-bf5035770a41" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MarketValuationChangesInFairValueOfGuaranteeAsset_f95a8a63-6197-4b08-9ea4-7cc5cd75d60f" xlink:href="rwt-20210331.xsd#rwt_MarketValuationChangesInFairValueOfGuaranteeAsset"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_MarketValuationChangesInFairValueOfGuaranteeAsset_f95a8a63-6197-4b08-9ea4-7cc5cd75d60f" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_76862c17-8955-4166-ba63-1e0353f73868" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_76862c17-8955-4166-ba63-1e0353f73868" xlink:type="arc" order="16"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableCreditScoreFICOWeightedAverage_cb6a7a74-9dcb-4ab0-a0a8-dda7d9b03347" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableCreditScoreFICOWeightedAverage"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_FinancingReceivableCreditScoreFICOWeightedAverage_cb6a7a74-9dcb-4ab0-a0a8-dda7d9b03347" xlink:type="arc" order="17"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableLoanToValueRatio_e8d7ad66-4ed7-49e9-8c1a-ee8e6615a090" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableLoanToValueRatio"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_FinancingReceivableLoanToValueRatio_e8d7ad66-4ed7-49e9-8c1a-ee8e6615a090" xlink:type="arc" order="18"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue_e0b4fd7b-e760-4953-b45e-dc0fd12ed3e0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentPastDue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue_e0b4fd7b-e760-4953-b45e-dc0fd12ed3e0" xlink:type="arc" order="19"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure_3f9dc8b0-1169-4e81-9f74-e963910c28f8" xlink:href="rwt-20210331.xsd#rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure_3f9dc8b0-1169-4e81-9f74-e963910c28f8" xlink:type="arc" order="20"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GuarantyLiabilities_7ba48cde-163e-4130-abd9-f1686c26470b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GuarantyLiabilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_GuarantyLiabilities_7ba48cde-163e-4130-abd9-f1686c26470b" xlink:type="arc" order="21"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_GuaranteeObligationCreditReserve_eaa08d5c-159b-490f-8a83-be11bf909f6c" xlink:href="rwt-20210331.xsd#rwt_GuaranteeObligationCreditReserve"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_GuaranteeObligationCreditReserve_eaa08d5c-159b-490f-8a83-be11bf909f6c" xlink:type="arc" order="22"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SpecialPurposeEntitiesAssets_6f81ee52-50f0-4fe4-bc4e-4a2644be449c" xlink:href="rwt-20210331.xsd#rwt_SpecialPurposeEntitiesAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_SpecialPurposeEntitiesAssets_6f81ee52-50f0-4fe4-bc4e-4a2644be449c" xlink:type="arc" order="23"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SpecialPurposeEntitiesLiabilities_5c55f3af-df72-4d21-96ec-6c2581308f70" xlink:href="rwt-20210331.xsd#rwt_SpecialPurposeEntitiesLiabilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_SpecialPurposeEntitiesLiabilities_5c55f3af-df72-4d21-96ec-6c2581308f70" xlink:type="arc" order="24"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageLoanOnRealEstateRepurchaseReserve_07eac7e0-70d5-451a-9e16-c1b4f92534b1" xlink:href="rwt-20210331.xsd#rwt_MortgageLoanOnRealEstateRepurchaseReserve"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_MortgageLoanOnRealEstateRepurchaseReserve_07eac7e0-70d5-451a-9e16-c1b4f92534b1" xlink:type="arc" order="25"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageLoansOnRealEstateRepurchaseRequests_dbbf1d50-b438-4fb7-88dc-0b02191671e6" xlink:href="rwt-20210331.xsd#rwt_MortgageLoansOnRealEstateRepurchaseRequests"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_MortgageLoansOnRealEstateRepurchaseRequests_dbbf1d50-b438-4fb7-88dc-0b02191671e6" xlink:type="arc" order="26"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased_8f0e5f8b-f8b2-4c83-812c-892482208612" xlink:href="rwt-20210331.xsd#rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased_8f0e5f8b-f8b2-4c83-812c-892482208612" xlink:type="arc" order="27"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageLoansOnRealEstateRepurchaseProvision_1f17394d-6561-4ef7-bd82-66f2280192d6" xlink:href="rwt-20210331.xsd#rwt_MortgageLoansOnRealEstateRepurchaseProvision"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_MortgageLoansOnRealEstateRepurchaseProvision_1f17394d-6561-4ef7-bd82-66f2280192d6" xlink:type="arc" order="28"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LitigationReserve_bd04dda5-e5c5-412b-bb26-f880c1cd2073" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LitigationReserve"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_LitigationReserve_bd04dda5-e5c5-412b-bb26-f880c1cd2073" xlink:type="arc" order="29"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingencyAccrualAtCarryingValue_6969fa19-3076-4643-8f3d-df6e293ddb3d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LossContingencyAccrualAtCarryingValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_LossContingencyAccrualAtCarryingValue_6969fa19-3076-4643-8f3d-df6e293ddb3d" xlink:type="arc" order="30"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LossContingenciesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_7e5d48f6-7d5e-44e9-a652-029ba02ebff4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_us-gaap_InvestmentTypeAxis_7e5d48f6-7d5e-44e9-a652-029ba02ebff4" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_7e5d48f6-7d5e-44e9-a652-029ba02ebff4_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_InvestmentTypeAxis_7e5d48f6-7d5e-44e9-a652-029ba02ebff4" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_7e5d48f6-7d5e-44e9-a652-029ba02ebff4_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_8154805d-fa36-4245-98cb-3bc402f94579" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_InvestmentTypeAxis_7e5d48f6-7d5e-44e9-a652-029ba02ebff4" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_8154805d-fa36-4245-98cb-3bc402f94579" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionMember_b266e807-acfb-4841-a4b4-084609419e99" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_8154805d-fa36-4245-98cb-3bc402f94579" xlink:to="loc_rwt_HomeAppreciationOptionMember_b266e807-acfb-4841-a4b4-084609419e99" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_81710b02-d7f2-4cf1-be2c-055329249b01" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_81710b02-d7f2-4cf1-be2c-055329249b01" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_81710b02-d7f2-4cf1-be2c-055329249b01_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_81710b02-d7f2-4cf1-be2c-055329249b01" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_81710b02-d7f2-4cf1-be2c-055329249b01_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_08bf2d76-9e48-4936-be3a-49e2becd4d5d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_81710b02-d7f2-4cf1-be2c-055329249b01" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_08bf2d76-9e48-4936-be3a-49e2becd4d5d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_A5ArchesLLCMember_1dc453ac-b318-4653-a1e8-8372f3d284c3" xlink:href="rwt-20210331.xsd#rwt_A5ArchesLLCMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_08bf2d76-9e48-4936-be3a-49e2becd4d5d" xlink:to="loc_rwt_A5ArchesLLCMember_1dc453ac-b318-4653-a1e8-8372f3d284c3" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsAxis_f00391eb-0159-43c2-a063-01e94b92571c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitmentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_us-gaap_OtherCommitmentsAxis_f00391eb-0159-43c2-a063-01e94b92571c" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsDomain_f00391eb-0159-43c2-a063-01e94b92571c_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitmentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_OtherCommitmentsAxis_f00391eb-0159-43c2-a063-01e94b92571c" xlink:to="loc_us-gaap_OtherCommitmentsDomain_f00391eb-0159-43c2-a063-01e94b92571c_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsDomain_9586bae5-05a3-457b-ad5e-1aa6fe3299c4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitmentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_OtherCommitmentsAxis_f00391eb-0159-43c2-a063-01e94b92571c" xlink:to="loc_us-gaap_OtherCommitmentsDomain_9586bae5-05a3-457b-ad5e-1aa6fe3299c4" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundResidentialBridgeLoanMember_2fea7514-6017-4f7f-83c4-06ab06a58e93" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundResidentialBridgeLoanMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherCommitmentsDomain_9586bae5-05a3-457b-ad5e-1aa6fe3299c4" xlink:to="loc_rwt_CommitmentToFundResidentialBridgeLoanMember_2fea7514-6017-4f7f-83c4-06ab06a58e93" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember_c5060356-229e-49d1-903b-ee5fd9a3ab5c" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherCommitmentsDomain_9586bae5-05a3-457b-ad5e-1aa6fe3299c4" xlink:to="loc_rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember_c5060356-229e-49d1-903b-ee5fd9a3ab5c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundInvestmentMember_d9f80395-d72d-4ac6-9ce9-8e8005b4cc3e" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundInvestmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherCommitmentsDomain_9586bae5-05a3-457b-ad5e-1aa6fe3299c4" xlink:to="loc_rwt_CommitmentToFundInvestmentMember_d9f80395-d72d-4ac6-9ce9-8e8005b4cc3e" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_c2793713-3863-4c2f-80c9-07b87f87f653" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_c2793713-3863-4c2f-80c9-07b87f87f653" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingencyNatureDomain_c2793713-3863-4c2f-80c9-07b87f87f653_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LossContingencyNatureDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_c2793713-3863-4c2f-80c9-07b87f87f653" xlink:to="loc_us-gaap_LossContingencyNatureDomain_c2793713-3863-4c2f-80c9-07b87f87f653_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingencyNatureDomain_6a932bfb-ee48-4c23-b756-79b2b425e367" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LossContingencyNatureDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_c2793713-3863-4c2f-80c9-07b87f87f653" xlink:to="loc_us-gaap_LossContingencyNatureDomain_6a932bfb-ee48-4c23-b756-79b2b425e367" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GuaranteeObligationsMember_1b3be8dc-0208-4147-8825-2bce9a089935" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GuaranteeObligationsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingencyNatureDomain_6a932bfb-ee48-4c23-b756-79b2b425e367" xlink:to="loc_us-gaap_GuaranteeObligationsMember_1b3be8dc-0208-4147-8825-2bce9a089935" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_596b723f-8622-4810-85ef-9d6d33bc4e4d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageBackedSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingencyNatureDomain_6a932bfb-ee48-4c23-b756-79b2b425e367" xlink:to="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_596b723f-8622-4810-85ef-9d6d33bc4e4d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_b4ec593f-f6c6-4822-91fa-bc1e37258f7e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_b4ec593f-f6c6-4822-91fa-bc1e37258f7e" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_b4ec593f-f6c6-4822-91fa-bc1e37258f7e_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_b4ec593f-f6c6-4822-91fa-bc1e37258f7e" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_b4ec593f-f6c6-4822-91fa-bc1e37258f7e_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_43c7e452-d8fe-438d-98f9-b1d69a69fe25" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_b4ec593f-f6c6-4822-91fa-bc1e37258f7e" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_43c7e452-d8fe-438d-98f9-b1d69a69fe25" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncomeMember_4f62cb03-5346-4492-9d68-19bb2098ce4b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncomeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_43c7e452-d8fe-438d-98f9-b1d69a69fe25" xlink:to="loc_us-gaap_OtherIncomeMember_4f62cb03-5346-4492-9d68-19bb2098ce4b" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingAndInvestmentActivitiesMember_e41aef2a-9c44-43fe-963e-2c10c159ba29" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingAndInvestmentActivitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_43c7e452-d8fe-438d-98f9-b1d69a69fe25" xlink:to="loc_rwt_MortgageBankingAndInvestmentActivitiesMember_e41aef2a-9c44-43fe-963e-2c10c159ba29" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_d592a137-4633-448d-84bc-b7a9f1b41050" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_d592a137-4633-448d-84bc-b7a9f1b41050" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_d592a137-4633-448d-84bc-b7a9f1b41050_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_d592a137-4633-448d-84bc-b7a9f1b41050" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_d592a137-4633-448d-84bc-b7a9f1b41050_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_011ef48e-c5c2-4a66-b577-cc6796044186" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_d592a137-4633-448d-84bc-b7a9f1b41050" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_011ef48e-c5c2-4a66-b577-cc6796044186" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_bbc26b7d-f01e-4d13-934a-fb48f1943e2f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_011ef48e-c5c2-4a66-b577-cc6796044186" xlink:to="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_bbc26b7d-f01e-4d13-934a-fb48f1943e2f" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7cf3bda2-a8e4-48a2-9212-918344a6de3f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7cf3bda2-a8e4-48a2-9212-918344a6de3f" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_7cf3bda2-a8e4-48a2-9212-918344a6de3f_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7cf3bda2-a8e4-48a2-9212-918344a6de3f" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_7cf3bda2-a8e4-48a2-9212-918344a6de3f_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_27d41188-7536-432f-90d8-a32744fdda62" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7cf3bda2-a8e4-48a2-9212-918344a6de3f" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_27d41188-7536-432f-90d8-a32744fdda62" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansAtFairValueMember_afbfa379-197e-4b70-8c2e-b88a0cfe9df6" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_27d41188-7536-432f-90d8-a32744fdda62" xlink:to="loc_rwt_ResidentialLoansAtFairValueMember_afbfa379-197e-4b70-8c2e-b88a0cfe9df6" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_345dd5cb-8324-41e6-a063-07bc7efc34bd" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_srt_RangeAxis_345dd5cb-8324-41e6-a063-07bc7efc34bd" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_345dd5cb-8324-41e6-a063-07bc7efc34bd_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_RangeAxis_345dd5cb-8324-41e6-a063-07bc7efc34bd" xlink:to="loc_srt_RangeMember_345dd5cb-8324-41e6-a063-07bc7efc34bd_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_676e1c4a-5b46-4a3b-8f65-05c1b066b852" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_RangeAxis_345dd5cb-8324-41e6-a063-07bc7efc34bd" xlink:to="loc_srt_RangeMember_676e1c4a-5b46-4a3b-8f65-05c1b066b852" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_aee220bf-5129-42e4-a174-e6220768e745" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MinimumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_676e1c4a-5b46-4a3b-8f65-05c1b066b852" xlink:to="loc_srt_MinimumMember_aee220bf-5129-42e4-a174-e6220768e745" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_5655bcca-e48e-41d5-82f6-5b0ba1fd1600" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MaximumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_676e1c4a-5b46-4a3b-8f65-05c1b066b852" xlink:to="loc_srt_MaximumMember_5655bcca-e48e-41d5-82f6-5b0ba1fd1600" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_LitigationCaseAxis_6b031597-0743-45b2-a511-510077b43a58" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_LitigationCaseAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_srt_LitigationCaseAxis_6b031597-0743-45b2-a511-510077b43a58" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_LitigationCaseTypeDomain_6b031597-0743-45b2-a511-510077b43a58_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_LitigationCaseTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_LitigationCaseAxis_6b031597-0743-45b2-a511-510077b43a58" xlink:to="loc_srt_LitigationCaseTypeDomain_6b031597-0743-45b2-a511-510077b43a58_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_LitigationCaseTypeDomain_5f93be6b-5f8a-4840-8f1b-d8822234e1bc" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_LitigationCaseTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_LitigationCaseAxis_6b031597-0743-45b2-a511-510077b43a58" xlink:to="loc_srt_LitigationCaseTypeDomain_5f93be6b-5f8a-4840-8f1b-d8822234e1bc" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoanSellerDemandsMember_af79f4fd-e606-4dff-b3cc-cc702ba6d168" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoanSellerDemandsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_LitigationCaseTypeDomain_5f93be6b-5f8a-4840-8f1b-d8822234e1bc" xlink:to="loc_rwt_ResidentialLoanSellerDemandsMember_af79f4fd-e606-4dff-b3cc-cc702ba6d168" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#CommitmentsandContingenciesFutureLeaseCommitmentsDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails" xlink:type="extended" id="i517402e2d7634864a3cbd21b52a04325_CommitmentsandContingenciesFutureLeaseCommitmentsDetails"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/Equity" xlink:type="simple" xlink:href="rwt-20210331.xsd#Equity"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/Equity" xlink:type="extended" id="id634cad034ee439b8fc41b30ca28341f_Equity"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/EquityTables" xlink:type="extended" id="iaaf6455e596b44309d64cbb5147aa018_EquityTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails" xlink:type="extended" id="i20ed16435e4d46459d6304890c4098fa_EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_72d7f5e3-72ff-4368-b8bb-254c6e34997d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_360a84c5-4771-4e90-9a22-9de7dd3c10f5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_72d7f5e3-72ff-4368-b8bb-254c6e34997d" xlink:to="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_360a84c5-4771-4e90-9a22-9de7dd3c10f5" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_2fdaf3ff-1fb9-4b80-8111-501ba793b0b9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquity"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_360a84c5-4771-4e90-9a22-9de7dd3c10f5" xlink:to="loc_us-gaap_StockholdersEquity_2fdaf3ff-1fb9-4b80-8111-501ba793b0b9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_854a71a8-4ba0-453b-8b69-7a92c79ce4e0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_360a84c5-4771-4e90-9a22-9de7dd3c10f5" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_854a71a8-4ba0-453b-8b69-7a92c79ce4e0" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_21336a58-9009-41ae-b6f7-13461fe407fb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_360a84c5-4771-4e90-9a22-9de7dd3c10f5" xlink:to="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_21336a58-9009-41ae-b6f7-13461fe407fb" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_3b25e9cc-f135-4865-9b61-4a6111b38fb1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_360a84c5-4771-4e90-9a22-9de7dd3c10f5" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_3b25e9cc-f135-4865-9b61-4a6111b38fb1" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_b57c0b43-bca5-42a6-a8ce-66c8fcf1a6bb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_affe6230-b9db-4fcb-b989-e204c463c3f1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_72d7f5e3-72ff-4368-b8bb-254c6e34997d" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_affe6230-b9db-4fcb-b989-e204c463c3f1" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_8d8a0edf-60c5-4373-856f-019da336f9a6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_affe6230-b9db-4fcb-b989-e204c463c3f1" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_8d8a0edf-60c5-4373-856f-019da336f9a6" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_8d8a0edf-60c5-4373-856f-019da336f9a6_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_8d8a0edf-60c5-4373-856f-019da336f9a6" xlink:to="loc_us-gaap_EquityComponentDomain_8d8a0edf-60c5-4373-856f-019da336f9a6_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_4c65a709-1f8c-462d-9d89-735835124c50" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_8d8a0edf-60c5-4373-856f-019da336f9a6" xlink:to="loc_us-gaap_EquityComponentDomain_4c65a709-1f8c-462d-9d89-735835124c50" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_c58fb2a2-4cfa-48a4-8a53-1d38e146f143" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_4c65a709-1f8c-462d-9d89-735835124c50" xlink:to="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_c58fb2a2-4cfa-48a4-8a53-1d38e146f143" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_de56a0b6-87c2-4550-98f9-6ce3739be1fb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_4c65a709-1f8c-462d-9d89-735835124c50" xlink:to="loc_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_de56a0b6-87c2-4550-98f9-6ce3739be1fb" xlink:type="arc" order="1"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails" xlink:type="extended" id="i5af76c625aba47da869637332c56e4cb_EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_d4569009-e200-4a2e-8b05-01c302c64948" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnInvestments_945e0558-6fff-4e7b-b61a-0bfc35ce3850" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_d4569009-e200-4a2e-8b05-01c302c64948" xlink:to="loc_us-gaap_UnrealizedGainLossOnInvestments_945e0558-6fff-4e7b-b61a-0bfc35ce3850" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealizedInvestmentGainsLosses_1dfbb4ab-fe64-4f52-8707-d5b6b81aca3a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealizedInvestmentGainsLosses"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_d4569009-e200-4a2e-8b05-01c302c64948" xlink:to="loc_us-gaap_RealizedInvestmentGainsLosses_1dfbb4ab-fe64-4f52-8707-d5b6b81aca3a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_c19a8c43-8cef-4240-8224-69ae32a8258a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_d4569009-e200-4a2e-8b05-01c302c64948" xlink:to="loc_us-gaap_InterestExpense_c19a8c43-8cef-4240-8224-69ae32a8258a" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_ad5c02c4-a4cf-494d-974f-32dc20a4de1f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_d4569009-e200-4a2e-8b05-01c302c64948" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_ad5c02c4-a4cf-494d-974f-32dc20a4de1f" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_90254f05-ab07-4546-8b17-cff09336c138" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_d4569009-e200-4a2e-8b05-01c302c64948" xlink:to="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_90254f05-ab07-4546-8b17-cff09336c138" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_4f58b74f-6854-46fd-86be-07ef8d44291d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_90254f05-ab07-4546-8b17-cff09336c138" xlink:to="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_4f58b74f-6854-46fd-86be-07ef8d44291d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_4f58b74f-6854-46fd-86be-07ef8d44291d_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_4f58b74f-6854-46fd-86be-07ef8d44291d" xlink:to="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_4f58b74f-6854-46fd-86be-07ef8d44291d_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_4a80a1ad-e669-48c8-a8db-b36e486045d4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_4f58b74f-6854-46fd-86be-07ef8d44291d" xlink:to="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_4a80a1ad-e669-48c8-a8db-b36e486045d4" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_f9e9d390-d6cc-43da-b6c8-ab732aa8d73f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_4a80a1ad-e669-48c8-a8db-b36e486045d4" xlink:to="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_f9e9d390-d6cc-43da-b6c8-ab732aa8d73f" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_6840c023-9059-4a7d-8de3-b1b1a59bcec7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_90254f05-ab07-4546-8b17-cff09336c138" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_6840c023-9059-4a7d-8de3-b1b1a59bcec7" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_6840c023-9059-4a7d-8de3-b1b1a59bcec7_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_6840c023-9059-4a7d-8de3-b1b1a59bcec7" xlink:to="loc_us-gaap_EquityComponentDomain_6840c023-9059-4a7d-8de3-b1b1a59bcec7_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_2c979ac2-8eac-4504-bac9-26c85ad94d06" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_6840c023-9059-4a7d-8de3-b1b1a59bcec7" xlink:to="loc_us-gaap_EquityComponentDomain_2c979ac2-8eac-4504-bac9-26c85ad94d06" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_c706ade6-7c2c-4d4d-b0e8-0bdee5e9dc75" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_2c979ac2-8eac-4504-bac9-26c85ad94d06" xlink:to="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_c706ade6-7c2c-4d4d-b0e8-0bdee5e9dc75" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_c9402663-8a02-4c0d-a596-b715d3713c36" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_2c979ac2-8eac-4504-bac9-26c85ad94d06" xlink:to="loc_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_c9402663-8a02-4c0d-a596-b715d3713c36" xlink:type="arc" order="1"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityAdditionalInformationDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails" xlink:type="extended" id="i42e99f5f0882406aa9d3d192e03d732f_EquityAdditionalInformationDetails">
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:href="rwt-20210331.xsd#rwt_StockholdersEquityNoteLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockIssuanceProgramAuthorizedAmount_aa16a3f4-d6bc-4528-92b3-f3766ce89871" xlink:href="rwt-20210331.xsd#rwt_StockIssuanceProgramAuthorizedAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:to="loc_rwt_StockIssuanceProgramAuthorizedAmount_aa16a3f4-d6bc-4528-92b3-f3766ce89871" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount_1c973319-e0cb-4e7e-9791-63696fa46a28" xlink:href="rwt-20210331.xsd#rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:to="loc_rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount_1c973319-e0cb-4e7e-9791-63696fa46a28" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_2a883aae-3dcd-440b-a15c-85074c01a669" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_2a883aae-3dcd-440b-a15c-85074c01a669" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan_89741716-9d5f-40a3-9001-40f6407e811e" xlink:href="rwt-20210331.xsd#rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:to="loc_rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan_89741716-9d5f-40a3-9001-40f6407e811e" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_ba8849bf-56fc-45ec-b208-371831ff1410" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_ba8849bf-56fc-45ec-b208-371831ff1410" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchaseProgramAuthorizedAmount1_81c91106-0df0-4ed1-be06-d0cf4742cb4a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockRepurchaseProgramAuthorizedAmount1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:to="loc_us-gaap_StockRepurchaseProgramAuthorizedAmount1_81c91106-0df0-4ed1-be06-d0cf4742cb4a" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchasedDuringPeriodShares_6e82e536-f113-4d62-9179-e1313265cec8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodShares"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:to="loc_us-gaap_StockRepurchasedDuringPeriodShares_6e82e536-f113-4d62-9179-e1313265cec8" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1_5223523b-2ba4-4683-9d46-b437be9444b1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:to="loc_us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1_5223523b-2ba4-4683-9d46-b437be9444b1" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockholdersEquityNoteTable_68188165-07f0-47e5-80bb-80bde1a9668d" xlink:href="rwt-20210331.xsd#rwt_StockholdersEquityNoteTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:to="loc_rwt_StockholdersEquityNoteTable_68188165-07f0-47e5-80bb-80bde1a9668d" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_fdaec2db-961a-40fa-b461-414699fdeb9d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_rwt_StockholdersEquityNoteTable_68188165-07f0-47e5-80bb-80bde1a9668d" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_fdaec2db-961a-40fa-b461-414699fdeb9d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_fdaec2db-961a-40fa-b461-414699fdeb9d_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_fdaec2db-961a-40fa-b461-414699fdeb9d" xlink:to="loc_us-gaap_EquityComponentDomain_fdaec2db-961a-40fa-b461-414699fdeb9d_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_2cfa7eb9-4fed-49b3-9044-98408d8c8b46" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_fdaec2db-961a-40fa-b461-414699fdeb9d" xlink:to="loc_us-gaap_EquityComponentDomain_2cfa7eb9-4fed-49b3-9044-98408d8c8b46" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_5342160c-768a-41cb-8df8-b4436a1a86b2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_2cfa7eb9-4fed-49b3-9044-98408d8c8b46" xlink:to="loc_us-gaap_CommonStockMember_5342160c-768a-41cb-8df8-b4436a1a86b2" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameAxis_71d5c426-63e8-468e-a7ec-8244bb811629" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PlanNameAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_rwt_StockholdersEquityNoteTable_68188165-07f0-47e5-80bb-80bde1a9668d" xlink:to="loc_us-gaap_PlanNameAxis_71d5c426-63e8-468e-a7ec-8244bb811629" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameDomain_71d5c426-63e8-468e-a7ec-8244bb811629_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PlanNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_PlanNameAxis_71d5c426-63e8-468e-a7ec-8244bb811629" xlink:to="loc_us-gaap_PlanNameDomain_71d5c426-63e8-468e-a7ec-8244bb811629_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameDomain_680e07f4-ef72-4866-8f01-330e72d1d95e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PlanNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_PlanNameAxis_71d5c426-63e8-468e-a7ec-8244bb811629" xlink:to="loc_us-gaap_PlanNameDomain_680e07f4-ef72-4866-8f01-330e72d1d95e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AtTheMarketOfferingsMember_a149469c-6c28-4bd2-82e1-cfd2d512743d" xlink:href="rwt-20210331.xsd#rwt_AtTheMarketOfferingsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PlanNameDomain_680e07f4-ef72-4866-8f01-330e72d1d95e" xlink:to="loc_rwt_AtTheMarketOfferingsMember_a149469c-6c28-4bd2-82e1-cfd2d512743d" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_23f8fe77-7c69-4858-afbe-62b44077092c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_rwt_StockholdersEquityNoteTable_68188165-07f0-47e5-80bb-80bde1a9668d" xlink:to="loc_us-gaap_StatementClassOfStockAxis_23f8fe77-7c69-4858-afbe-62b44077092c" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_23f8fe77-7c69-4858-afbe-62b44077092c_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ClassOfStockDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementClassOfStockAxis_23f8fe77-7c69-4858-afbe-62b44077092c" xlink:to="loc_us-gaap_ClassOfStockDomain_23f8fe77-7c69-4858-afbe-62b44077092c_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_6387bf96-781a-4d52-88ab-b1d9c6f826fc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ClassOfStockDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementClassOfStockAxis_23f8fe77-7c69-4858-afbe-62b44077092c" xlink:to="loc_us-gaap_ClassOfStockDomain_6387bf96-781a-4d52-88ab-b1d9c6f826fc" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_55c8fc96-9cac-4662-8604-e39127feaf9a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ClassOfStockDomain_6387bf96-781a-4d52-88ab-b1d9c6f826fc" xlink:to="loc_us-gaap_CommonStockMember_55c8fc96-9cac-4662-8604-e39127feaf9a" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_f5f72df5-86f1-463c-ab20-93105e0a3bef" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_rwt_StockholdersEquityNoteTable_68188165-07f0-47e5-80bb-80bde1a9668d" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_f5f72df5-86f1-463c-ab20-93105e0a3bef" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesNameDomain_f5f72df5-86f1-463c-ab20-93105e0a3bef_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AntidilutiveSecuritiesNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_f5f72df5-86f1-463c-ab20-93105e0a3bef" xlink:to="loc_us-gaap_AntidilutiveSecuritiesNameDomain_f5f72df5-86f1-463c-ab20-93105e0a3bef_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesNameDomain_28e5bd5e-58a3-4726-b509-b6fbea0d2ed1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AntidilutiveSecuritiesNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_f5f72df5-86f1-463c-ab20-93105e0a3bef" xlink:to="loc_us-gaap_AntidilutiveSecuritiesNameDomain_28e5bd5e-58a3-4726-b509-b6fbea0d2ed1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtSecuritiesMember_f227ff7a-d5a3-48a2-a4ee-fce1030b7b9a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConvertibleDebtSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AntidilutiveSecuritiesNameDomain_28e5bd5e-58a3-4726-b509-b6fbea0d2ed1" xlink:to="loc_us-gaap_ConvertibleDebtSecuritiesMember_f227ff7a-d5a3-48a2-a4ee-fce1030b7b9a" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockCompensationPlanMember_e8b59716-deb5-4404-89a5-21763a70e168" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockCompensationPlanMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AntidilutiveSecuritiesNameDomain_28e5bd5e-58a3-4726-b509-b6fbea0d2ed1" xlink:to="loc_us-gaap_StockCompensationPlanMember_e8b59716-deb5-4404-89a5-21763a70e168" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareRepurchaseProgramAxis_b3dbc680-b7b4-47f3-b1b5-c86d6fe3526d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareRepurchaseProgramAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_rwt_StockholdersEquityNoteTable_68188165-07f0-47e5-80bb-80bde1a9668d" xlink:to="loc_us-gaap_ShareRepurchaseProgramAxis_b3dbc680-b7b4-47f3-b1b5-c86d6fe3526d" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareRepurchaseProgramDomain_b3dbc680-b7b4-47f3-b1b5-c86d6fe3526d_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareRepurchaseProgramDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_ShareRepurchaseProgramAxis_b3dbc680-b7b4-47f3-b1b5-c86d6fe3526d" xlink:to="loc_us-gaap_ShareRepurchaseProgramDomain_b3dbc680-b7b4-47f3-b1b5-c86d6fe3526d_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareRepurchaseProgramDomain_b14de5bf-9965-4787-ac84-6d4713bee316" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareRepurchaseProgramDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_ShareRepurchaseProgramAxis_b3dbc680-b7b4-47f3-b1b5-c86d6fe3526d" xlink:to="loc_us-gaap_ShareRepurchaseProgramDomain_b14de5bf-9965-4787-ac84-6d4713bee316" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ShareRepurchaseProgramFebruary2018Member_7f4029d6-b0e2-4b62-9c36-622e8538df28" xlink:href="rwt-20210331.xsd#rwt_ShareRepurchaseProgramFebruary2018Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareRepurchaseProgramDomain_b14de5bf-9965-4787-ac84-6d4713bee316" xlink:to="loc_rwt_ShareRepurchaseProgramFebruary2018Member_7f4029d6-b0e2-4b62-9c36-622e8538df28" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityBasicandDilutedEarningsPerCommonShareDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails" xlink:type="extended" id="i00f44126af0b42cb852175dce205591f_EquityBasicandDilutedEarningsPerCommonShareDetails"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityCompensationPlans" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityCompensationPlans"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/EquityCompensationPlans" xlink:type="extended" id="i80b6cdd7c8834e079bc6cffddbd1f244_EquityCompensationPlans"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityCompensationPlansTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityCompensationPlansTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/EquityCompensationPlansTables" xlink:type="extended" id="i8b721c64a25040a7ab51603baa3f209b_EquityCompensationPlansTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityCompensationPlansAdditionalInformationDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails" xlink:type="extended" id="i3154e1f1328d47f4aac0f070e69690ba_EquityCompensationPlansAdditionalInformationDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_1f8b7b92-8585-4a68-b910-e698d053e986" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_1f8b7b92-8585-4a68-b910-e698d053e986" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_f5adb1e3-3354-4d8a-9056-dd351a45316c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_f5adb1e3-3354-4d8a-9056-dd351a45316c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_446863fe-56d8-4b74-9e52-31e975e2871f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_446863fe-56d8-4b74-9e52-31e975e2871f" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_e4ff1997-b550-4f9b-897a-68db62f06eed" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_e4ff1997-b550-4f9b-897a-68db62f06eed" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_00914b3a-9845-4bfb-8050-b784a825e372" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_00914b3a-9845-4bfb-8050-b784a825e372" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_8d19923c-ccae-460e-affe-8a15fde6492b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_8d19923c-ccae-460e-affe-8a15fde6492b" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_bcb1c752-481d-4fee-9855-5a3bcb69a0a5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_bcb1c752-481d-4fee-9855-5a3bcb69a0a5" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod_e0f8c4ac-61c2-41d7-be71-bff98d299023" xlink:href="rwt-20210331.xsd#rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod_e0f8c4ac-61c2-41d7-be71-bff98d299023" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_a3ded878-70ba-448c-9608-518ee2442538" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_a3ded878-70ba-448c-9608-518ee2442538" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized_a7777c3c-4f97-49ab-bf57-d849d98e24ae" xlink:href="rwt-20210331.xsd#rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized_a7777c3c-4f97-49ab-bf57-d849d98e24ae" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee_61c8fda1-5dab-4984-80c2-3b69f2d55c40" xlink:href="rwt-20210331.xsd#rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee_61c8fda1-5dab-4984-80c2-3b69f2d55c40" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_871f051a-e0c9-49d9-b0b0-7d0ee6965012" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_871f051a-e0c9-49d9-b0b0-7d0ee6965012" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameAxis_4ae1a941-f6c7-410f-9857-ac2582f7e3ee" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PlanNameAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_871f051a-e0c9-49d9-b0b0-7d0ee6965012" xlink:to="loc_us-gaap_PlanNameAxis_4ae1a941-f6c7-410f-9857-ac2582f7e3ee" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameDomain_4ae1a941-f6c7-410f-9857-ac2582f7e3ee_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PlanNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_PlanNameAxis_4ae1a941-f6c7-410f-9857-ac2582f7e3ee" xlink:to="loc_us-gaap_PlanNameDomain_4ae1a941-f6c7-410f-9857-ac2582f7e3ee_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameDomain_17e186e8-dae5-4978-b16a-fa270da763b9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PlanNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_PlanNameAxis_4ae1a941-f6c7-410f-9857-ac2582f7e3ee" xlink:to="loc_us-gaap_PlanNameDomain_17e186e8-dae5-4978-b16a-fa270da763b9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RedwoodIncentivePlanMember_ec578f54-76d4-42ea-abe9-4fe4b07d5264" xlink:href="rwt-20210331.xsd#rwt_RedwoodIncentivePlanMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PlanNameDomain_17e186e8-dae5-4978-b16a-fa270da763b9" xlink:to="loc_rwt_RedwoodIncentivePlanMember_ec578f54-76d4-42ea-abe9-4fe4b07d5264" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis_5ffd1504-7f5d-4811-a754-53a591b1ab4d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AwardTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_871f051a-e0c9-49d9-b0b0-7d0ee6965012" xlink:to="loc_us-gaap_AwardTypeAxis_5ffd1504-7f5d-4811-a754-53a591b1ab4d" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_5ffd1504-7f5d-4811-a754-53a591b1ab4d_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_AwardTypeAxis_5ffd1504-7f5d-4811-a754-53a591b1ab4d" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_5ffd1504-7f5d-4811-a754-53a591b1ab4d_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_4df7a39b-f2a2-4823-9795-10f99f532c73" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_AwardTypeAxis_5ffd1504-7f5d-4811-a754-53a591b1ab4d" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_4df7a39b-f2a2-4823-9795-10f99f532c73" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedStockMember_2b83385f-b876-4d43-ac49-701c45987c7f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedStockMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_4df7a39b-f2a2-4823-9795-10f99f532c73" xlink:to="loc_us-gaap_RestrictedStockMember_2b83385f-b876-4d43-ac49-701c45987c7f" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedStockUnitsRSUMember_d9e6d4d5-542a-4aa8-ae0f-31ea692e8f6b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedStockUnitsRSUMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_4df7a39b-f2a2-4823-9795-10f99f532c73" xlink:to="loc_us-gaap_RestrictedStockUnitsRSUMember_d9e6d4d5-542a-4aa8-ae0f-31ea692e8f6b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DeferredStockUnitsMember_90d55c8c-a3c9-43b8-a007-a308566f7fca" xlink:href="rwt-20210331.xsd#rwt_DeferredStockUnitsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_4df7a39b-f2a2-4823-9795-10f99f532c73" xlink:to="loc_rwt_DeferredStockUnitsMember_90d55c8c-a3c9-43b8-a007-a308566f7fca" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PerformanceSharesMember_9d128230-ab73-4b67-bd96-cbd0841f166f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PerformanceSharesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_4df7a39b-f2a2-4823-9795-10f99f532c73" xlink:to="loc_us-gaap_PerformanceSharesMember_9d128230-ab73-4b67-bd96-cbd0841f166f" xlink:type="arc" order="3"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityCompensationPlansUnrecognizedCompensationCostDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails" xlink:type="extended" id="i67e6ba830f6744e3be4e5a4402262a95_EquityCompensationPlansUnrecognizedCompensationCostDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_c4013fc1-649f-4eb7-8c40-8e108010ff3b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward_8965e0ad-933e-4a75-bd1a-499e319a3876" xlink:href="rwt-20210331.xsd#rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_c4013fc1-649f-4eb7-8c40-8e108010ff3b" xlink:to="loc_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward_8965e0ad-933e-4a75-bd1a-499e319a3876" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_ee40b2b8-de81-4bd2-b354-083d1ff59c8d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward_8965e0ad-933e-4a75-bd1a-499e319a3876" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_ee40b2b8-de81-4bd2-b354-083d1ff59c8d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount_2d029a31-9f58-4884-8641-cf6b18e64f2e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward_8965e0ad-933e-4a75-bd1a-499e319a3876" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount_2d029a31-9f58-4884-8641-cf6b18e64f2e" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures_da3d93fd-eb40-49cc-8d69-14958a3584e8" xlink:href="rwt-20210331.xsd#rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward_8965e0ad-933e-4a75-bd1a-499e319a3876" xlink:to="loc_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures_da3d93fd-eb40-49cc-8d69-14958a3584e8" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring_b80d6307-b2b2-45a2-95f0-e25fe1673a46" xlink:href="rwt-20210331.xsd#rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward_8965e0ad-933e-4a75-bd1a-499e319a3876" xlink:to="loc_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring_b80d6307-b2b2-45a2-95f0-e25fe1673a46" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_d223219c-99e4-42f3-a28b-a330a098ea43" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_5b72d1e9-3771-45a0-9cab-2870b296d2c2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_c4013fc1-649f-4eb7-8c40-8e108010ff3b" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_5b72d1e9-3771-45a0-9cab-2870b296d2c2" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameAxis_9051e198-6d8c-4293-9dd7-8656518deec6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PlanNameAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_5b72d1e9-3771-45a0-9cab-2870b296d2c2" xlink:to="loc_us-gaap_PlanNameAxis_9051e198-6d8c-4293-9dd7-8656518deec6" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameDomain_9051e198-6d8c-4293-9dd7-8656518deec6_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PlanNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_PlanNameAxis_9051e198-6d8c-4293-9dd7-8656518deec6" xlink:to="loc_us-gaap_PlanNameDomain_9051e198-6d8c-4293-9dd7-8656518deec6_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameDomain_be3681c3-c06d-49a5-9fc3-1e608e47f121" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PlanNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_PlanNameAxis_9051e198-6d8c-4293-9dd7-8656518deec6" xlink:to="loc_us-gaap_PlanNameDomain_be3681c3-c06d-49a5-9fc3-1e608e47f121" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RedwoodIncentivePlanMember_7c378fea-914c-4696-8617-02a3f1ae2165" xlink:href="rwt-20210331.xsd#rwt_RedwoodIncentivePlanMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PlanNameDomain_be3681c3-c06d-49a5-9fc3-1e608e47f121" xlink:to="loc_rwt_RedwoodIncentivePlanMember_7c378fea-914c-4696-8617-02a3f1ae2165" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_EmployeeStockPurchasePlanMember_7c09aea7-854f-4c4f-baf3-44dae4f0d20b" xlink:href="rwt-20210331.xsd#rwt_EmployeeStockPurchasePlanMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PlanNameDomain_be3681c3-c06d-49a5-9fc3-1e608e47f121" xlink:to="loc_rwt_EmployeeStockPurchasePlanMember_7c09aea7-854f-4c4f-baf3-44dae4f0d20b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis_2e79b52f-aad4-4687-8fb6-01f0e14d5e00" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AwardTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_5b72d1e9-3771-45a0-9cab-2870b296d2c2" xlink:to="loc_us-gaap_AwardTypeAxis_2e79b52f-aad4-4687-8fb6-01f0e14d5e00" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_2e79b52f-aad4-4687-8fb6-01f0e14d5e00_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_AwardTypeAxis_2e79b52f-aad4-4687-8fb6-01f0e14d5e00" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_2e79b52f-aad4-4687-8fb6-01f0e14d5e00_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_dc2a4289-07bd-446c-aa93-f0e12523d9c9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_AwardTypeAxis_2e79b52f-aad4-4687-8fb6-01f0e14d5e00" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_dc2a4289-07bd-446c-aa93-f0e12523d9c9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedStockMember_2b2b2325-6607-43f9-81a3-ef9a1266a98e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedStockMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_dc2a4289-07bd-446c-aa93-f0e12523d9c9" xlink:to="loc_us-gaap_RestrictedStockMember_2b2b2325-6607-43f9-81a3-ef9a1266a98e" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedStockUnitsRSUMember_fb1fccfc-5213-432e-a022-878ecd8e0744" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedStockUnitsRSUMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_dc2a4289-07bd-446c-aa93-f0e12523d9c9" xlink:to="loc_us-gaap_RestrictedStockUnitsRSUMember_fb1fccfc-5213-432e-a022-878ecd8e0744" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DeferredStockUnitsMember_382e52c9-c613-4c94-851a-92b7f09e1d11" xlink:href="rwt-20210331.xsd#rwt_DeferredStockUnitsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_dc2a4289-07bd-446c-aa93-f0e12523d9c9" xlink:to="loc_rwt_DeferredStockUnitsMember_382e52c9-c613-4c94-851a-92b7f09e1d11" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PerformanceSharesMember_49d6133d-941b-45c0-af37-2f561f8c17e0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PerformanceSharesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_dc2a4289-07bd-446c-aa93-f0e12523d9c9" xlink:to="loc_us-gaap_PerformanceSharesMember_49d6133d-941b-45c0-af37-2f561f8c17e0" xlink:type="arc" order="3"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNet" xlink:type="simple" xlink:href="rwt-20210331.xsd#MortgageBankingActivitiesNet"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNet" xlink:type="extended" id="id1c3b074f8774e72a74a57da50e7316a_MortgageBankingActivitiesNet"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#MortgageBankingActivitiesNetTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetTables" xlink:type="extended" id="i4f1ee4399aa14d338755b4143e805362_MortgageBankingActivitiesNetTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails" xlink:type="extended" id="i7c05ac3b4637409fbde28af5fe7b1754_MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails">
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_b5830084-a2ae-49ae-9283-616f610b1811" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_b773c0d5-4ba3-463a-bf2e-810ca54088e9" xlink:href="rwt-20210331.xsd#rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_b5830084-a2ae-49ae-9283-616f610b1811" xlink:to="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_b773c0d5-4ba3-463a-bf2e-810ca54088e9" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1_5594830f-f08a-4c31-8a78-579230224365" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_b5830084-a2ae-49ae-9283-616f610b1811" xlink:to="loc_us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1_5594830f-f08a-4c31-8a78-579230224365" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncome_5d43540d-7bc5-4928-8f6b-e7aea8ea986d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncome"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_b5830084-a2ae-49ae-9283-616f610b1811" xlink:to="loc_us-gaap_OtherIncome_5d43540d-7bc5-4928-8f6b-e7aea8ea986d" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingActivitiesNet_d2239124-525f-4a07-aa62-fa81683ca66b" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingActivitiesNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_b5830084-a2ae-49ae-9283-616f610b1811" xlink:to="loc_rwt_MortgageBankingActivitiesNet_d2239124-525f-4a07-aa62-fa81683ca66b" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_d4bfafe1-d1da-40bf-924f-770455e46042" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_b5830084-a2ae-49ae-9283-616f610b1811" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_d4bfafe1-d1da-40bf-924f-770455e46042" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_a66bd33a-ab93-46cf-9d17-0c351f1f78e8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_d4bfafe1-d1da-40bf-924f-770455e46042" xlink:to="loc_us-gaap_InvestmentTypeAxis_a66bd33a-ab93-46cf-9d17-0c351f1f78e8" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_a66bd33a-ab93-46cf-9d17-0c351f1f78e8_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_InvestmentTypeAxis_a66bd33a-ab93-46cf-9d17-0c351f1f78e8" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_a66bd33a-ab93-46cf-9d17-0c351f1f78e8_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_d13b674f-63d5-4a3c-b283-07a58382eaf2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_InvestmentTypeAxis_a66bd33a-ab93-46cf-9d17-0c351f1f78e8" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_d13b674f-63d5-4a3c-b283-07a58382eaf2" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialMortgageBankingActivitiesMember_86194d19-1d92-4566-bbef-10aaf58bcb49" xlink:href="rwt-20210331.xsd#rwt_ResidentialMortgageBankingActivitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_d13b674f-63d5-4a3c-b283-07a58382eaf2" xlink:to="loc_rwt_ResidentialMortgageBankingActivitiesMember_86194d19-1d92-4566-bbef-10aaf58bcb49" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeMortgageBankingActivitiesMember_2a695391-c094-4157-a8a8-48ceeec3b62e" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeMortgageBankingActivitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_d13b674f-63d5-4a3c-b283-07a58382eaf2" xlink:to="loc_rwt_BusinessPurposeMortgageBankingActivitiesMember_2a695391-c094-4157-a8a8-48ceeec3b62e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_127478f8-9f88-493c-9641-3c5c59e28291" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_d4bfafe1-d1da-40bf-924f-770455e46042" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_127478f8-9f88-493c-9641-3c5c59e28291" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_127478f8-9f88-493c-9641-3c5c59e28291_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_127478f8-9f88-493c-9641-3c5c59e28291" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_127478f8-9f88-493c-9641-3c5c59e28291_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b4ee8e26-8ebf-4850-b25e-82fab9e010cc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_127478f8-9f88-493c-9641-3c5c59e28291" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b4ee8e26-8ebf-4850-b25e-82fab9e010cc" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansAtFairValueMember_11aed49c-a275-46c1-b1ec-4f359e4554a6" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b4ee8e26-8ebf-4850-b25e-82fab9e010cc" xlink:to="loc_rwt_ResidentialLoansAtFairValueMember_11aed49c-a275-46c1-b1ec-4f359e4554a6" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TradingSecuritiesMember_f9f90904-7b92-4ab0-90e3-39ac4e578bcc" xlink:href="rwt-20210331.xsd#rwt_TradingSecuritiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b4ee8e26-8ebf-4850-b25e-82fab9e010cc" xlink:to="loc_rwt_TradingSecuritiesMember_f9f90904-7b92-4ab0-90e3-39ac4e578bcc" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PriceRiskDerivativeMember_7895d66b-9415-4596-ad29-6f8c4bd8654c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PriceRiskDerivativeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b4ee8e26-8ebf-4850-b25e-82fab9e010cc" xlink:to="loc_us-gaap_PriceRiskDerivativeMember_7895d66b-9415-4596-ad29-6f8c4bd8654c" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember_d2a53380-c48e-45a6-a21e-c9710308de6d" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b4ee8e26-8ebf-4850-b25e-82fab9e010cc" xlink:to="loc_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember_d2a53380-c48e-45a6-a21e-c9710308de6d" xlink:type="arc" order="3"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherIncome" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherIncome"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/OtherIncome" xlink:type="extended" id="i056c84d4558649eda72d958140289663_OtherIncome"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherIncomeTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherIncomeTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/OtherIncomeTables" xlink:type="extended" id="ic242f095a12d480c824a18b397c8684a_OtherIncomeTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherIncomeDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherIncomeDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/OtherIncomeDetails" xlink:type="extended" id="id18fc49c2d5f41acb1f41b31372eda2a_OtherIncomeDetails"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpenses" xlink:type="simple" xlink:href="rwt-20210331.xsd#GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpenses"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpenses" xlink:type="extended" id="id671322e2ca243479929d09ba4b6c4f1_GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpenses"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesTables" xlink:type="extended" id="if1a474f2752a4e378f934fb57910990f_GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails" xlink:type="extended" id="i5b56fa6ffe80464aaf831a9fda9a1cb5_GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FixedCompensationExpense_804c862f-93a8-41cf-b1ae-24673ad76529" xlink:href="rwt-20210331.xsd#rwt_FixedCompensationExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_FixedCompensationExpense_804c862f-93a8-41cf-b1ae-24673ad76529" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_VariableCompensationExpense_3d331533-70fb-48f1-b128-5ffaaf36a773" xlink:href="rwt-20210331.xsd#rwt_VariableCompensationExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_VariableCompensationExpense_3d331533-70fb-48f1-b128-5ffaaf36a773" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpense_6e875c36-6609-4bcb-82d0-ef2a4b6c5002" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_AllocatedShareBasedCompensationExpense_6e875c36-6609-4bcb-82d0-ef2a4b6c5002" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense_462fd894-186b-40f8-a381-b6513a53967c" xlink:href="rwt-20210331.xsd#rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense_462fd894-186b-40f8-a381-b6513a53967c" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommunicationsAndInformationTechnology_ff1c6aae-fddc-4144-82ee-5bfe8b818441" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommunicationsAndInformationTechnology"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_CommunicationsAndInformationTechnology_ff1c6aae-fddc-4144-82ee-5bfe8b818441" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OfficeCosts_86628504-f510-43e2-9daf-41f9f508c4cf" xlink:href="rwt-20210331.xsd#rwt_OfficeCosts"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_OfficeCosts_86628504-f510-43e2-9daf-41f9f508c4cf" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfessionalFees_9545a66b-11cc-4e1c-add5-9dbfea92a509" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProfessionalFees"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_ProfessionalFees_9545a66b-11cc-4e1c-add5-9dbfea92a509" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherGeneralExpense_b63b71f0-9f04-43e0-95c7-d87d6747e92f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherGeneralExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_OtherGeneralExpense_b63b71f0-9f04-43e0-95c7-d87d6747e92f" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherGeneralAndAdministrativeExpense_c564c97d-489c-40bb-910a-47d60b7d95e8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherGeneralAndAdministrativeExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_OtherGeneralAndAdministrativeExpense_c564c97d-489c-40bb-910a-47d60b7d95e8" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_e056c045-1459-49fb-8aa8-9db344c43891" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_e056c045-1459-49fb-8aa8-9db344c43891" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommissionsOnLoanAcquisitions_b62493ec-8318-4f7f-ba5e-723ee4c7f682" xlink:href="rwt-20210331.xsd#rwt_CommissionsOnLoanAcquisitions"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_CommissionsOnLoanAcquisitions_b62493ec-8318-4f7f-ba5e-723ee4c7f682" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_UnderwritingCostsAssociatedWithLoanAcquisitions_cfc2d3bd-c356-4763-a5a1-0209e274a667" xlink:href="rwt-20210331.xsd#rwt_UnderwritingCostsAssociatedWithLoanAcquisitions"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_UnderwritingCostsAssociatedWithLoanAcquisitions_cfc2d3bd-c356-4763-a5a1-0209e274a667" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions_1acbc55d-0b99-46e6-b4e8-4dc23dcb5432" xlink:href="rwt-20210331.xsd#rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions_1acbc55d-0b99-46e6-b4e8-4dc23dcb5432" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanAcquisitionCosts_9ae38f09-335b-43fe-9506-b825a093f3c0" xlink:href="rwt-20210331.xsd#rwt_LoanAcquisitionCosts"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_LoanAcquisitionCosts_9ae38f09-335b-43fe-9506-b825a093f3c0" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillImpairmentLoss_d0e1ba01-d54b-4dce-a901-3238fac55591" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GoodwillImpairmentLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_GoodwillImpairmentLoss_d0e1ba01-d54b-4dce-a901-3238fac55591" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AmortizationofPurchaseRelatedIntangibleAssets_3bcf3bf0-7d41-4e97-90aa-35d2c309f07c" xlink:href="rwt-20210331.xsd#rwt_AmortizationofPurchaseRelatedIntangibleAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_AmortizationofPurchaseRelatedIntangibleAssets_3bcf3bf0-7d41-4e97-90aa-35d2c309f07c" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCostAndExpenseOperating_91ea089b-290c-43d2-9c8f-3b5322d4ed5e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCostAndExpenseOperating"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_OtherCostAndExpenseOperating_91ea089b-290c-43d2-9c8f-3b5322d4ed5e" xlink:type="arc" order="16"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingCostsAndExpenses_a18d785c-6313-403d-bde6-974a2d235b25" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingCostsAndExpenses"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_OperatingCostsAndExpenses_a18d785c-6313-403d-bde6-974a2d235b25" xlink:type="arc" order="17"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpenses_64ff7a18-980e-4767-916d-ed6a6de18a0e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingExpenses"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_OperatingExpenses_64ff7a18-980e-4767-916d-ed6a6de18a0e" xlink:type="arc" order="18"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued_c5764f01-0060-467c-9a6c-f360f0ea525b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued_c5764f01-0060-467c-9a6c-f360f0ea525b" xlink:type="arc" order="19"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable_ed21518c-a553-4de9-b413-b53a2fb508a7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable_ed21518c-a553-4de9-b413-b53a2fb508a7" xlink:type="arc" order="20"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessCombinationContingentConsiderationLiabilityTerm_545b16c6-9c50-412b-8ef8-e2fc8ef3a935" xlink:href="rwt-20210331.xsd#rwt_BusinessCombinationContingentConsiderationLiabilityTerm"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_BusinessCombinationContingentConsiderationLiabilityTerm_545b16c6-9c50-412b-8ef8-e2fc8ef3a935" xlink:type="arc" order="21"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_20d9a498-1bfb-4b14-94a2-69e216102ee9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_20d9a498-1bfb-4b14-94a2-69e216102ee9" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_5880244a-32d2-4d64-85cf-4656b43dac99" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_20d9a498-1bfb-4b14-94a2-69e216102ee9" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_5880244a-32d2-4d64-85cf-4656b43dac99" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_5880244a-32d2-4d64-85cf-4656b43dac99_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_5880244a-32d2-4d64-85cf-4656b43dac99" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_5880244a-32d2-4d64-85cf-4656b43dac99_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_514130fe-33ae-4aa9-b6c3-7be05fdd453c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_5880244a-32d2-4d64-85cf-4656b43dac99" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_514130fe-33ae-4aa9-b6c3-7be05fdd453c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CoreVestAmericanFinanceLenderLLCMember_b849cb99-167b-4324-8b42-7b0726fd2905" xlink:href="rwt-20210331.xsd#rwt_CoreVestAmericanFinanceLenderLLCMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_514130fe-33ae-4aa9-b6c3-7be05fdd453c" xlink:to="loc_rwt_CoreVestAmericanFinanceLenderLLCMember_b849cb99-167b-4324-8b42-7b0726fd2905" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis_33997cbf-5632-4a06-9c4a-def72ee4ee2b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_20d9a498-1bfb-4b14-94a2-69e216102ee9" xlink:to="loc_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis_33997cbf-5632-4a06-9c4a-def72ee4ee2b" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain_33997cbf-5632-4a06-9c4a-def72ee4ee2b_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis_33997cbf-5632-4a06-9c4a-def72ee4ee2b" xlink:to="loc_us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain_33997cbf-5632-4a06-9c4a-def72ee4ee2b_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain_3bf01f9a-ac26-4547-b599-7b47e986dfc4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis_33997cbf-5632-4a06-9c4a-def72ee4ee2b" xlink:to="loc_us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain_3bf01f9a-ac26-4547-b599-7b47e986dfc4" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SettlementInCommonStockMember_1b16cd6b-1dd5-4f5e-90fd-cb20ff523882" xlink:href="rwt-20210331.xsd#rwt_SettlementInCommonStockMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain_3bf01f9a-ac26-4547-b599-7b47e986dfc4" xlink:to="loc_rwt_SettlementInCommonStockMember_1b16cd6b-1dd5-4f5e-90fd-cb20ff523882" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SettlementInCashMember_11347f1b-ddc8-4fe2-8419-32af1979bf64" xlink:href="rwt-20210331.xsd#rwt_SettlementInCashMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain_3bf01f9a-ac26-4547-b599-7b47e986dfc4" xlink:to="loc_rwt_SettlementInCashMember_11347f1b-ddc8-4fe2-8419-32af1979bf64" xlink:type="arc" order="1"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/Taxes" xlink:type="simple" xlink:href="rwt-20210331.xsd#Taxes"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/Taxes" xlink:type="extended" id="i2cea4940c47943d3890758c325cae3a2_Taxes"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/TaxesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#TaxesTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/TaxesTables" xlink:type="extended" id="i61221e0e66784a14b631a45e32af986c_TaxesTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/TaxesAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#TaxesAdditionalInformationDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/TaxesAdditionalInformationDetails" xlink:type="extended" id="ie865137eefab429aa4f6a578094eb2cd_TaxesAdditionalInformationDetails"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails" xlink:type="extended" id="i69e25215e917426c9d3f4ee5869d1d9f_TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformation" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformation"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformation" xlink:type="extended" id="i9f8265f0bae44bbaa8ff052a3f1c52a7_SegmentInformation"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformationTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformationTables"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformationTables" xlink:type="extended" id="i6182ee9847c34552acc271795ace8a48_SegmentInformationTables"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformationAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformationAdditionalInformationDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformationAdditionalInformationDetails" xlink:type="extended" id="i3405fa44fd1d4f19b0b7bba305e0da2f_SegmentInformationAdditionalInformationDetails"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformationFinancialInformationbySegmentDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails" xlink:type="extended" id="ic43c61e06ed845629b71401ce6ff1f98_SegmentInformationFinancialInformationbySegmentDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentReportingInformationLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperating_aa65dcb4-13b2-4936-8936-a30532301c9b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_InterestAndDividendIncomeOperating_aa65dcb4-13b2-4936-8936-a30532301c9b" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_d7a7a23f-d406-4896-96a8-55173fdd68a9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_InterestExpense_d7a7a23f-d406-4896-96a8-55173fdd68a9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeExpenseNet_01372780-dfb5-4027-b3bb-53b0aea2d935" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeExpenseNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_InterestIncomeExpenseNet_01372780-dfb5-4027-b3bb-53b0aea2d935" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoninterestIncomeAbstract_63d7bc21-bfb5-4058-91c9-723d0b4f751b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoninterestIncomeAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_NoninterestIncomeAbstract_63d7bc21-bfb5-4058-91c9-723d0b4f751b" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingActivitiesNet_f7b64464-1385-4704-a229-4acc3f780d6d" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingActivitiesNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NoninterestIncomeAbstract_63d7bc21-bfb5-4058-91c9-723d0b4f751b" xlink:to="loc_rwt_MortgageBankingActivitiesNet_f7b64464-1385-4704-a229-4acc3f780d6d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnInvestments_133ac5c2-5377-4e35-9e96-3272a3d9b534" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NoninterestIncomeAbstract_63d7bc21-bfb5-4058-91c9-723d0b4f751b" xlink:to="loc_us-gaap_UnrealizedGainLossOnInvestments_133ac5c2-5377-4e35-9e96-3272a3d9b534" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherOperatingIncomeExpenseNet_b7e4c1f6-59da-46f6-a1a7-a576f688005b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherOperatingIncomeExpenseNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NoninterestIncomeAbstract_63d7bc21-bfb5-4058-91c9-723d0b4f751b" xlink:to="loc_us-gaap_OtherOperatingIncomeExpenseNet_b7e4c1f6-59da-46f6-a1a7-a576f688005b" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealizedInvestmentGainsLosses_a67f9371-b828-46a7-81a4-72b35736de92" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealizedInvestmentGainsLosses"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NoninterestIncomeAbstract_63d7bc21-bfb5-4058-91c9-723d0b4f751b" xlink:to="loc_us-gaap_RealizedInvestmentGainsLosses_a67f9371-b828-46a7-81a4-72b35736de92" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoninterestIncome_96d6e14a-3159-4b09-8255-26f187f31a88" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoninterestIncome"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NoninterestIncomeAbstract_63d7bc21-bfb5-4058-91c9-723d0b4f751b" xlink:to="loc_us-gaap_NoninterestIncome_96d6e14a-3159-4b09-8255-26f187f31a88" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_ce917c2b-40fd-4204-9d79-328314ec475d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_ce917c2b-40fd-4204-9d79-328314ec475d" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanAcquisitionCosts_f9f55804-8272-4278-aaf4-472aaec60263" xlink:href="rwt-20210331.xsd#rwt_LoanAcquisitionCosts"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_rwt_LoanAcquisitionCosts_f9f55804-8272-4278-aaf4-472aaec60263" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherExpenses_2a9943b5-d34d-490e-bcc1-2d314e2b23fe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherExpenses"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_OtherExpenses_2a9943b5-d34d-490e-bcc1-2d314e2b23fe" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_fa686970-615e-48bc-8053-bebd02cf4a4b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_fa686970-615e-48bc-8053-bebd02cf4a4b" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_860939fb-6d45-4160-8d98-b5fda53b52f8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_NetIncomeLoss_860939fb-6d45-4160-8d98-b5fda53b52f8" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentForAmortization_8fa1bd93-a958-4153-9d32-3d03a483147b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentForAmortization"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_AdjustmentForAmortization_8fa1bd93-a958-4153-9d32-3d03a483147b" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillImpairmentLoss_bf7f19be-d8f0-4eb4-ad5f-32749ec8d9b6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GoodwillImpairmentLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_GoodwillImpairmentLoss_bf7f19be-d8f0-4eb4-ad5f-32749ec8d9b6" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_e7b5f9d8-75c1-4da8-adc1-e1cba7a4e024" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_e7b5f9d8-75c1-4da8-adc1-e1cba7a4e024" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsAxis_2fc84bb1-11f4-48f3-80b0-484724b99195" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidationItemsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_e7b5f9d8-75c1-4da8-adc1-e1cba7a4e024" xlink:to="loc_srt_ConsolidationItemsAxis_2fc84bb1-11f4-48f3-80b0-484724b99195" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsDomain_2fc84bb1-11f4-48f3-80b0-484724b99195_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidationItemsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidationItemsAxis_2fc84bb1-11f4-48f3-80b0-484724b99195" xlink:to="loc_srt_ConsolidationItemsDomain_2fc84bb1-11f4-48f3-80b0-484724b99195_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsDomain_c7ed5ec1-22fb-437f-9073-07213710447c" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidationItemsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidationItemsAxis_2fc84bb1-11f4-48f3-80b0-484724b99195" xlink:to="loc_srt_ConsolidationItemsDomain_c7ed5ec1-22fb-437f-9073-07213710447c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingSegmentsMember_6cba3f16-a40e-4b21-8b68-b87724855931" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingSegmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidationItemsDomain_c7ed5ec1-22fb-437f-9073-07213710447c" xlink:to="loc_us-gaap_OperatingSegmentsMember_6cba3f16-a40e-4b21-8b68-b87724855931" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CorporateNonSegmentMember_cea2e386-ce4b-4ae2-a7c0-52d56ffe3d01" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CorporateNonSegmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidationItemsDomain_c7ed5ec1-22fb-437f-9073-07213710447c" xlink:to="loc_us-gaap_CorporateNonSegmentMember_cea2e386-ce4b-4ae2-a7c0-52d56ffe3d01" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_9447973c-c30a-4564-b19f-17448c730643" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_e7b5f9d8-75c1-4da8-adc1-e1cba7a4e024" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_9447973c-c30a-4564-b19f-17448c730643" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_9447973c-c30a-4564-b19f-17448c730643_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_9447973c-c30a-4564-b19f-17448c730643" xlink:to="loc_us-gaap_SegmentDomain_9447973c-c30a-4564-b19f-17448c730643_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_fd5d4fcb-33f0-4205-9015-4b637b7c8fc1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_9447973c-c30a-4564-b19f-17448c730643" xlink:to="loc_us-gaap_SegmentDomain_fd5d4fcb-33f0-4205-9015-4b637b7c8fc1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLendingMember_83b55a25-7829-4eb7-ad92-2fc5c46d63a1" xlink:href="rwt-20210331.xsd#rwt_ResidentialLendingMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_fd5d4fcb-33f0-4205-9015-4b637b7c8fc1" xlink:to="loc_rwt_ResidentialLendingMember_83b55a25-7829-4eb7-ad92-2fc5c46d63a1" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeLendingMember_53183be5-33a2-40a5-9873-2f245fbb44f9" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeLendingMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_fd5d4fcb-33f0-4205-9015-4b637b7c8fc1" xlink:to="loc_rwt_BusinessPurposeLendingMember_53183be5-33a2-40a5-9873-2f245fbb44f9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ThirdPartyResidentialInvestmentsMember_3631cb8b-c6ed-461e-ad32-78c485347f2c" xlink:href="rwt-20210331.xsd#rwt_ThirdPartyResidentialInvestmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_fd5d4fcb-33f0-4205-9015-4b637b7c8fc1" xlink:to="loc_rwt_ThirdPartyResidentialInvestmentsMember_3631cb8b-c6ed-461e-ad32-78c485347f2c" xlink:type="arc" order="2"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformationComponentsofCorporateOtherDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails" xlink:type="extended" id="i0bd9a823c8414cb8b26a69dc02bbedc1_SegmentInformationComponentsofCorporateOtherDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentReportingInformationLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperating_3bba0a3c-cb74-4658-8f62-b4d8869d1466" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_InterestAndDividendIncomeOperating_3bba0a3c-cb74-4658-8f62-b4d8869d1466" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_1c977fd6-6a92-4dab-85a9-6955b9423077" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_InterestExpense_1c977fd6-6a92-4dab-85a9-6955b9423077" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeExpenseNet_080583c9-e7c4-4c0d-8961-e5331bcf6a17" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeExpenseNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_InterestIncomeExpenseNet_080583c9-e7c4-4c0d-8961-e5331bcf6a17" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnInvestments_37d4b245-77d8-491c-af47-da18396d8a4f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_UnrealizedGainLossOnInvestments_37d4b245-77d8-491c-af47-da18396d8a4f" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_20146eb8-2174-423c-acf5-2bb3475b76cd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_20146eb8-2174-423c-acf5-2bb3475b76cd" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealizedInvestmentGainsLosses_d19b5680-46fd-4976-98e6-8dc3595465f4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealizedInvestmentGainsLosses"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_RealizedInvestmentGainsLosses_d19b5680-46fd-4976-98e6-8dc3595465f4" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoninterestIncome_2b21bc5a-a61d-49ea-9df3-37250a2a382d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoninterestIncome"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_NoninterestIncome_2b21bc5a-a61d-49ea-9df3-37250a2a382d" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_e72c882a-7497-4c39-9fac-5d1bc7709732" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_e72c882a-7497-4c39-9fac-5d1bc7709732" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanAcquisitionCosts_b70ec151-6ca6-43b5-aaad-63b382d9a4ae" xlink:href="rwt-20210331.xsd#rwt_LoanAcquisitionCosts"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_rwt_LoanAcquisitionCosts_b70ec151-6ca6-43b5-aaad-63b382d9a4ae" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherExpenses_7d3fd3d8-ba72-4348-8658-f4664f67f0dc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherExpenses"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_OtherExpenses_7d3fd3d8-ba72-4348-8658-f4664f67f0dc" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_c66dd090-0bcb-48de-b034-a95da0b8d2e2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_NetIncomeLoss_c66dd090-0bcb-48de-b034-a95da0b8d2e2" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_c9cded17-6837-4d32-a10a-480f735063ff" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_c9cded17-6837-4d32-a10a-480f735063ff" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsAxis_3a35c616-e9ea-4ca0-aad7-a7011273c129" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidationItemsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_c9cded17-6837-4d32-a10a-480f735063ff" xlink:to="loc_srt_ConsolidationItemsAxis_3a35c616-e9ea-4ca0-aad7-a7011273c129" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsDomain_3a35c616-e9ea-4ca0-aad7-a7011273c129_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidationItemsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidationItemsAxis_3a35c616-e9ea-4ca0-aad7-a7011273c129" xlink:to="loc_srt_ConsolidationItemsDomain_3a35c616-e9ea-4ca0-aad7-a7011273c129_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsDomain_cc7f36fb-c271-45fb-832c-a7b839371c94" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidationItemsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidationItemsAxis_3a35c616-e9ea-4ca0-aad7-a7011273c129" xlink:to="loc_srt_ConsolidationItemsDomain_cc7f36fb-c271-45fb-832c-a7b839371c94" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CorporateNonSegmentMember_fe7ea75d-2f41-47b0-a30e-3f5faeb0a77b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CorporateNonSegmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidationItemsDomain_cc7f36fb-c271-45fb-832c-a7b839371c94" xlink:to="loc_us-gaap_CorporateNonSegmentMember_fe7ea75d-2f41-47b0-a30e-3f5faeb0a77b" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsAxis_cbb94acc-5a19-48ed-9b8e-e68456c98324" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SubsegmentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_c9cded17-6837-4d32-a10a-480f735063ff" xlink:to="loc_us-gaap_SubsegmentsAxis_cbb94acc-5a19-48ed-9b8e-e68456c98324" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsDomain_cbb94acc-5a19-48ed-9b8e-e68456c98324_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SubsegmentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_SubsegmentsAxis_cbb94acc-5a19-48ed-9b8e-e68456c98324" xlink:to="loc_us-gaap_SubsegmentsDomain_cbb94acc-5a19-48ed-9b8e-e68456c98324_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsDomain_d343c9b4-71fd-4772-8b69-0d22d15992ae" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SubsegmentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_SubsegmentsAxis_cbb94acc-5a19-48ed-9b8e-e68456c98324" xlink:to="loc_us-gaap_SubsegmentsDomain_d343c9b4-71fd-4772-8b69-0d22d15992ae" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacyConsolidatedVariableInterestEntitiesMember_9d138f08-0813-41c6-be67-8f3269bd49bb" xlink:href="rwt-20210331.xsd#rwt_LegacyConsolidatedVariableInterestEntitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SubsegmentsDomain_d343c9b4-71fd-4772-8b69-0d22d15992ae" xlink:to="loc_rwt_LegacyConsolidatedVariableInterestEntitiesMember_9d138f08-0813-41c6-be67-8f3269bd49bb" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherSubsegmentsMember_343d3848-3143-43dc-9389-9ee32d06109c" xlink:href="rwt-20210331.xsd#rwt_OtherSubsegmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SubsegmentsDomain_d343c9b4-71fd-4772-8b69-0d22d15992ae" xlink:to="loc_rwt_OtherSubsegmentsMember_343d3848-3143-43dc-9389-9ee32d06109c" xlink:type="arc" order="1"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformationSupplementalInformationbySegmentDetails"/>
  <link:definitionLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails" xlink:type="extended" id="i142ddd2bc68748908d429592d3cc6cbb_SegmentInformationSupplementalInformationbySegmentDetails">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_fc4c08c7-4a16-4c45-8a3b-559fde82b990" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentReportingInformationLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_e614b229-2f99-4fc6-881a-3654282f0b96" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_fc4c08c7-4a16-4c45-8a3b-559fde82b990" xlink:to="loc_us-gaap_NotesReceivableNet_e614b229-2f99-4fc6-881a-3654282f0b96" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarketableSecurities_f25dc6fc-43af-45b9-9270-c0ce944b4cbe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarketableSecurities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_fc4c08c7-4a16-4c45-8a3b-559fde82b990" xlink:to="loc_us-gaap_MarketableSecurities_f25dc6fc-43af-45b9-9270-c0ce944b4cbe" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestments_8a3e959d-290d-474f-bd45-88e407afdd07" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherInvestments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_fc4c08c7-4a16-4c45-8a3b-559fde82b990" xlink:to="loc_us-gaap_OtherInvestments_8a3e959d-290d-474f-bd45-88e407afdd07" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill_90a5fe3d-7d9a-485e-abb5-10f5bd01d60b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IntangibleAssetsNetIncludingGoodwill"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_fc4c08c7-4a16-4c45-8a3b-559fde82b990" xlink:to="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill_90a5fe3d-7d9a-485e-abb5-10f5bd01d60b" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_11a409d6-0165-4230-9562-1eb7c6ed79ea" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Assets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_fc4c08c7-4a16-4c45-8a3b-559fde82b990" xlink:to="loc_us-gaap_Assets_11a409d6-0165-4230-9562-1eb7c6ed79ea" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_6d3a8bd0-9b6c-4295-82fb-601a8b10724b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_fc4c08c7-4a16-4c45-8a3b-559fde82b990" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_6d3a8bd0-9b6c-4295-82fb-601a8b10724b" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsAxis_085a6f7e-9cbe-4c88-84d9-714d1179675e" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidationItemsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_6d3a8bd0-9b6c-4295-82fb-601a8b10724b" xlink:to="loc_srt_ConsolidationItemsAxis_085a6f7e-9cbe-4c88-84d9-714d1179675e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsDomain_085a6f7e-9cbe-4c88-84d9-714d1179675e_default" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidationItemsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidationItemsAxis_085a6f7e-9cbe-4c88-84d9-714d1179675e" xlink:to="loc_srt_ConsolidationItemsDomain_085a6f7e-9cbe-4c88-84d9-714d1179675e_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsDomain_55f29cc0-e78c-425b-99fd-64348843d033" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidationItemsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidationItemsAxis_085a6f7e-9cbe-4c88-84d9-714d1179675e" xlink:to="loc_srt_ConsolidationItemsDomain_55f29cc0-e78c-425b-99fd-64348843d033" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingSegmentsMember_90759bbc-aa47-4029-8ef5-e9269ff3536e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingSegmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidationItemsDomain_55f29cc0-e78c-425b-99fd-64348843d033" xlink:to="loc_us-gaap_OperatingSegmentsMember_90759bbc-aa47-4029-8ef5-e9269ff3536e" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CorporateNonSegmentMember_4c3dc93b-e803-4b3e-84dd-8ffd237ec936" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CorporateNonSegmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ConsolidationItemsDomain_55f29cc0-e78c-425b-99fd-64348843d033" xlink:to="loc_us-gaap_CorporateNonSegmentMember_4c3dc93b-e803-4b3e-84dd-8ffd237ec936" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_3dfb984e-1cfe-4c4d-971e-d33531613757" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_6d3a8bd0-9b6c-4295-82fb-601a8b10724b" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_3dfb984e-1cfe-4c4d-971e-d33531613757" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_3dfb984e-1cfe-4c4d-971e-d33531613757_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_3dfb984e-1cfe-4c4d-971e-d33531613757" xlink:to="loc_us-gaap_SegmentDomain_3dfb984e-1cfe-4c4d-971e-d33531613757_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_d8f48f91-c417-4a2b-b2dd-2f7224c7ebe4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_3dfb984e-1cfe-4c4d-971e-d33531613757" xlink:to="loc_us-gaap_SegmentDomain_d8f48f91-c417-4a2b-b2dd-2f7224c7ebe4" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLendingMember_d712ef6c-8ece-4956-8303-06d127e147c6" xlink:href="rwt-20210331.xsd#rwt_ResidentialLendingMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_d8f48f91-c417-4a2b-b2dd-2f7224c7ebe4" xlink:to="loc_rwt_ResidentialLendingMember_d712ef6c-8ece-4956-8303-06d127e147c6" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeLendingMember_02ac2a4c-a7a8-4533-a258-2118dd530a32" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeLendingMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_d8f48f91-c417-4a2b-b2dd-2f7224c7ebe4" xlink:to="loc_rwt_BusinessPurposeLendingMember_02ac2a4c-a7a8-4533-a258-2118dd530a32" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ThirdPartyResidentialInvestmentsMember_09e1b2af-abed-47e3-ba5b-2c2929499116" xlink:href="rwt-20210331.xsd#rwt_ThirdPartyResidentialInvestmentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_d8f48f91-c417-4a2b-b2dd-2f7224c7ebe4" xlink:to="loc_rwt_ThirdPartyResidentialInvestmentsMember_09e1b2af-abed-47e3-ba5b-2c2929499116" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablePortfolioSegmentAxis_2a5a77f1-0537-4d2b-9277-1ed3c0df74b3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablePortfolioSegmentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_6d3a8bd0-9b6c-4295-82fb-601a8b10724b" xlink:to="loc_us-gaap_FinancingReceivablePortfolioSegmentAxis_2a5a77f1-0537-4d2b-9277-1ed3c0df74b3" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablePortfolioSegmentDomain_2a5a77f1-0537-4d2b-9277-1ed3c0df74b3_default" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablePortfolioSegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FinancingReceivablePortfolioSegmentAxis_2a5a77f1-0537-4d2b-9277-1ed3c0df74b3" xlink:to="loc_us-gaap_FinancingReceivablePortfolioSegmentDomain_2a5a77f1-0537-4d2b-9277-1ed3c0df74b3_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablePortfolioSegmentDomain_af580a29-e5c9-4c02-8956-be69cd8ddd4c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablePortfolioSegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FinancingReceivablePortfolioSegmentAxis_2a5a77f1-0537-4d2b-9277-1ed3c0df74b3" xlink:to="loc_us-gaap_FinancingReceivablePortfolioSegmentDomain_af580a29-e5c9-4c02-8956-be69cd8ddd4c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialPortfolioSegmentMember_a394f567-a925-4c07-91f5-d1a59f87970c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialPortfolioSegmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivablePortfolioSegmentDomain_af580a29-e5c9-4c02-8956-be69cd8ddd4c" xlink:to="loc_us-gaap_ResidentialPortfolioSegmentMember_a394f567-a925-4c07-91f5-d1a59f87970c" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansMember_8ddb087b-aafa-4412-af7c-756535421484" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivablePortfolioSegmentDomain_af580a29-e5c9-4c02-8956-be69cd8ddd4c" xlink:to="loc_rwt_BusinessPurposeResidentialLoansMember_8ddb087b-aafa-4412-af7c-756535421484" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansMember_a949bbcd-32b5-4b5e-ae76-b4ed689679af" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FinancingReceivablePortfolioSegmentDomain_af580a29-e5c9-4c02-8956-be69cd8ddd4c" xlink:to="loc_rwt_MultifamilyLoansMember_a949bbcd-32b5-4b5e-ae76-b4ed689679af" xlink:type="arc" order="2"/>
  </link:definitionLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>12
<FILENAME>rwt-20210331_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2021 Workiva-->
<!--r:e35fa16f-4607-46d5-a3e8-070c9aa6504e,g:4da2f0a3-50bd-4f07-92da-417db8aabd49-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_49c33db2-0d9b-4fc7-9cd0-49bd331b2885_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of stock awards granted (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RestatementAxis_035f3df8-7670-4337-9efa-a32618440e3f_terseLabel_en-US" xlink:label="lab_srt_RestatementAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Revision of Prior Period [Axis]</link:label>
    <link:label id="lab_srt_RestatementAxis_label_en-US" xlink:label="lab_srt_RestatementAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Revision of Prior Period [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RestatementAxis" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RestatementAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RestatementAxis" xlink:to="lab_srt_RestatementAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_19978100-8fe5-47ea-9ec7-8725b2b39609_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Originations of held-for-sale loans</link:label>
    <link:label id="lab_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_label_en-US" xlink:label="lab_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments for Origination of Mortgage Loans Held-for-sale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale" xlink:to="lab_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_c42b0079-829a-4735-ae89-e2a7f03cc35e_negatedLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other settlements, net</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_27eabea2-d06c-4d6e-973f-6da7b5a672c3_terseLabel_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitments and Contingencies</link:label>
    <link:label id="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_label_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitments and Contingencies Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:to="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncreaseDecreaseInTradingSecurities_d028ce49-fd1a-4d5f-902b-c7ead15af9d3_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInTradingSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net market valuation gains (losses) recorded</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInTradingSecurities_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInTradingSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInTradingSecurities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInTradingSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInTradingSecurities" xlink:to="lab_us-gaap_IncreaseDecreaseInTradingSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_4d79d6fe-b499-418d-a72a-02a04d6c453a_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Related Party [Axis]</link:label>
    <link:label id="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Related Party [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_LegacyConsolidatedVariableInterestEntitiesMember_5f769d42-b9f8-4d9a-8125-b159ab34737d_terseLabel_en-US" xlink:label="lab_rwt_LegacyConsolidatedVariableInterestEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Legacy Consolidated VIEs</link:label>
    <link:label id="lab_rwt_LegacyConsolidatedVariableInterestEntitiesMember_label_en-US" xlink:label="lab_rwt_LegacyConsolidatedVariableInterestEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Legacy Consolidated Variable Interest Entities [Member]</link:label>
    <link:label id="lab_rwt_LegacyConsolidatedVariableInterestEntitiesMember_documentation_en-US" xlink:label="lab_rwt_LegacyConsolidatedVariableInterestEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Legacy Consolidated Variable Interest Entities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacyConsolidatedVariableInterestEntitiesMember" xlink:href="rwt-20210331.xsd#rwt_LegacyConsolidatedVariableInterestEntitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_LegacyConsolidatedVariableInterestEntitiesMember" xlink:to="lab_rwt_LegacyConsolidatedVariableInterestEntitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BridgeLoanMember_46ae53e7-0c62-4de1-ae4c-405034ab157e_terseLabel_en-US" xlink:label="lab_us-gaap_BridgeLoanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Bridge Loan</link:label>
    <link:label id="lab_us-gaap_BridgeLoanMember_label_en-US" xlink:label="lab_us-gaap_BridgeLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Bridge Loan [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BridgeLoanMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BridgeLoanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BridgeLoanMember" xlink:to="lab_us-gaap_BridgeLoanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MeasurementInputExcessMortgageServicingAmountMember_fb3f09e8-b129-4113-a62b-c99e8fd0f6dd_terseLabel_en-US" xlink:label="lab_rwt_MeasurementInputExcessMortgageServicingAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Excess mortgage servicing income</link:label>
    <link:label id="lab_rwt_MeasurementInputExcessMortgageServicingAmountMember_label_en-US" xlink:label="lab_rwt_MeasurementInputExcessMortgageServicingAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Excess Mortgage Servicing Amount [Member]</link:label>
    <link:label id="lab_rwt_MeasurementInputExcessMortgageServicingAmountMember_documentation_en-US" xlink:label="lab_rwt_MeasurementInputExcessMortgageServicingAmountMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Excess Mortgage Servicing Amount [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputExcessMortgageServicingAmountMember" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputExcessMortgageServicingAmountMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MeasurementInputExcessMortgageServicingAmountMember" xlink:to="lab_rwt_MeasurementInputExcessMortgageServicingAmountMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SecuritiesRetainedAtFairValueDuringPeriod_68bc52c7-7f7f-4728-8397-f62a2fa45b42_terseLabel_en-US" xlink:label="lab_rwt_SecuritiesRetainedAtFairValueDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Securities retained, at fair value</link:label>
    <link:label id="lab_rwt_SecuritiesRetainedAtFairValueDuringPeriod_label_en-US" xlink:label="lab_rwt_SecuritiesRetainedAtFairValueDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Securities Retained At Fair Value During Period</link:label>
    <link:label id="lab_rwt_SecuritiesRetainedAtFairValueDuringPeriod_documentation_en-US" xlink:label="lab_rwt_SecuritiesRetainedAtFairValueDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Securities Retained At Fair Value During Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SecuritiesRetainedAtFairValueDuringPeriod" xlink:href="rwt-20210331.xsd#rwt_SecuritiesRetainedAtFairValueDuringPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SecuritiesRetainedAtFairValueDuringPeriod" xlink:to="lab_rwt_SecuritiesRetainedAtFairValueDuringPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock_f70eadaa-38ab-46ce-8f6d-6962de54598e_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Securities</link:label>
    <link:label id="lab_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock_label_en-US" xlink:label="lab_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock" xlink:to="lab_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_AmortizationofPurchaseRelatedIntangibleAssets_fdf38797-1311-43d9-8ae4-c72a0befb7a6_terseLabel_en-US" xlink:label="lab_rwt_AmortizationofPurchaseRelatedIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortization of purchase-related intangible assets</link:label>
    <link:label id="lab_rwt_AmortizationofPurchaseRelatedIntangibleAssets_label_en-US" xlink:label="lab_rwt_AmortizationofPurchaseRelatedIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortization of Purchase Related Intangible Assets</link:label>
    <link:label id="lab_rwt_AmortizationofPurchaseRelatedIntangibleAssets_documentation_en-US" xlink:label="lab_rwt_AmortizationofPurchaseRelatedIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortization of Purchase Related Intangible Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AmortizationofPurchaseRelatedIntangibleAssets" xlink:href="rwt-20210331.xsd#rwt_AmortizationofPurchaseRelatedIntangibleAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_AmortizationofPurchaseRelatedIntangibleAssets" xlink:to="lab_rwt_AmortizationofPurchaseRelatedIntangibleAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_OtherNotesReceivableMember_43f6e1b7-fda6-437a-a001-72b490a5a11a_terseLabel_en-US" xlink:label="lab_rwt_OtherNotesReceivableMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
    <link:label id="lab_rwt_OtherNotesReceivableMember_label_en-US" xlink:label="lab_rwt_OtherNotesReceivableMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Notes Receivable [Member]</link:label>
    <link:label id="lab_rwt_OtherNotesReceivableMember_documentation_en-US" xlink:label="lab_rwt_OtherNotesReceivableMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Notes Receivable [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherNotesReceivableMember" xlink:href="rwt-20210331.xsd#rwt_OtherNotesReceivableMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_OtherNotesReceivableMember" xlink:to="lab_rwt_OtherNotesReceivableMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_CertificatesWithPrincipalValueMember_151407f6-5c90-4916-a54c-ce4fa10b68f3_terseLabel_en-US" xlink:label="lab_rwt_CertificatesWithPrincipalValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Certificates with principal balance</link:label>
    <link:label id="lab_rwt_CertificatesWithPrincipalValueMember_label_en-US" xlink:label="lab_rwt_CertificatesWithPrincipalValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Certificates With Principal Value [Member]</link:label>
    <link:label id="lab_rwt_CertificatesWithPrincipalValueMember_documentation_en-US" xlink:label="lab_rwt_CertificatesWithPrincipalValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Certificates With Principal Value [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CertificatesWithPrincipalValueMember" xlink:href="rwt-20210331.xsd#rwt_CertificatesWithPrincipalValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_CertificatesWithPrincipalValueMember" xlink:to="lab_rwt_CertificatesWithPrincipalValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ExchangeableSeniorNotesDue2025Member_49482b0c-b8f2-4e45-9ae9-10afd9d36d9a_terseLabel_en-US" xlink:label="lab_rwt_ExchangeableSeniorNotesDue2025Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">5.75% exchangeable senior notes</link:label>
    <link:label id="lab_rwt_ExchangeableSeniorNotesDue2025Member_label_en-US" xlink:label="lab_rwt_ExchangeableSeniorNotesDue2025Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exchangeable Senior Notes Due 2025 [Member]</link:label>
    <link:label id="lab_rwt_ExchangeableSeniorNotesDue2025Member_documentation_en-US" xlink:label="lab_rwt_ExchangeableSeniorNotesDue2025Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exchangeable Senior Notes Due 2025 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExchangeableSeniorNotesDue2025Member" xlink:href="rwt-20210331.xsd#rwt_ExchangeableSeniorNotesDue2025Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ExchangeableSeniorNotesDue2025Member" xlink:to="lab_rwt_ExchangeableSeniorNotesDue2025Member" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherRealEstateOwnedMeasurementInput_253d2972-b3dd-4f4e-ba5d-790a62353f96_terseLabel_en-US" xlink:label="lab_us-gaap_OtherRealEstateOwnedMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">REO, measurement input</link:label>
    <link:label id="lab_us-gaap_OtherRealEstateOwnedMeasurementInput_label_en-US" xlink:label="lab_us-gaap_OtherRealEstateOwnedMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Real Estate Owned, Measurement Input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherRealEstateOwnedMeasurementInput" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherRealEstateOwnedMeasurementInput"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherRealEstateOwnedMeasurementInput" xlink:to="lab_us-gaap_OtherRealEstateOwnedMeasurementInput" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_a869310d-6c05-49d9-97e6-3048ad97b2f5_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from sales of real estate securities</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from Sale and Maturity of Marketable Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:to="lab_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ProceedsFromPrincipalRepaymentsOnSecurities_710003bb-40c5-4517-89af-14f184715d13_terseLabel_en-US" xlink:label="lab_rwt_ProceedsFromPrincipalRepaymentsOnSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal payments on real estate securities</link:label>
    <link:label id="lab_rwt_ProceedsFromPrincipalRepaymentsOnSecurities_6597e83a-7b58-49e1-ab52-6c847f4f8874_verboseLabel_en-US" xlink:label="lab_rwt_ProceedsFromPrincipalRepaymentsOnSecurities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal balance of loans sold to third parties</link:label>
    <link:label id="lab_rwt_ProceedsFromPrincipalRepaymentsOnSecurities_label_en-US" xlink:label="lab_rwt_ProceedsFromPrincipalRepaymentsOnSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from Principal Repayments on Securities</link:label>
    <link:label id="lab_rwt_ProceedsFromPrincipalRepaymentsOnSecurities_documentation_en-US" xlink:label="lab_rwt_ProceedsFromPrincipalRepaymentsOnSecurities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">The cash inflow from repayments of the balance excluding interest (principal) on real estate securities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ProceedsFromPrincipalRepaymentsOnSecurities" xlink:href="rwt-20210331.xsd#rwt_ProceedsFromPrincipalRepaymentsOnSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ProceedsFromPrincipalRepaymentsOnSecurities" xlink:to="lab_rwt_ProceedsFromPrincipalRepaymentsOnSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ResidentialLendingMember_d41d3aa5-721b-4030-ac34-98bf3b05a4ba_terseLabel_en-US" xlink:label="lab_rwt_ResidentialLendingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Lending</link:label>
    <link:label id="lab_rwt_ResidentialLendingMember_label_en-US" xlink:label="lab_rwt_ResidentialLendingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Lending [Member]</link:label>
    <link:label id="lab_rwt_ResidentialLendingMember_documentation_en-US" xlink:label="lab_rwt_ResidentialLendingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Lending [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLendingMember" xlink:href="rwt-20210331.xsd#rwt_ResidentialLendingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ResidentialLendingMember" xlink:to="lab_rwt_ResidentialLendingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RangeMember_f209efd8-b380-4f10-a648-f4d9feab7db4_terseLabel_en-US" xlink:label="lab_srt_RangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statistical Measurement [Domain]</link:label>
    <link:label id="lab_srt_RangeMember_label_en-US" xlink:label="lab_srt_RangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statistical Measurement [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RangeMember" xlink:to="lab_srt_RangeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_24e17288-df70-4d98-93f6-2ccb5ef5e659_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">LIABILITIES AND EQUITY</link:label>
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liabilities and Equity [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_8399bea1-3eb0-4b7e-861f-83242af351db_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ABSIssuedSecuritiesMember_b3727dc8-b9e2-4654-b9cc-5403cc347215_terseLabel_en-US" xlink:label="lab_rwt_ABSIssuedSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ABS Issued</link:label>
    <link:label id="lab_rwt_ABSIssuedSecuritiesMember_label_en-US" xlink:label="lab_rwt_ABSIssuedSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ABS Issued Securities [Member]</link:label>
    <link:label id="lab_rwt_ABSIssuedSecuritiesMember_documentation_en-US" xlink:label="lab_rwt_ABSIssuedSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ABS Issued Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ABSIssuedSecuritiesMember" xlink:href="rwt-20210331.xsd#rwt_ABSIssuedSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ABSIssuedSecuritiesMember" xlink:to="lab_rwt_ABSIssuedSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_OtherBusinessPurposeLoanInvestmentsMember_b5277ae8-d314-4bc3-82ca-9217df834f8b_terseLabel_en-US" xlink:label="lab_rwt_OtherBusinessPurposeLoanInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Business Purpose Loan Investments</link:label>
    <link:label id="lab_rwt_OtherBusinessPurposeLoanInvestmentsMember_label_en-US" xlink:label="lab_rwt_OtherBusinessPurposeLoanInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Business Purpose Loan Investments [Member]</link:label>
    <link:label id="lab_rwt_OtherBusinessPurposeLoanInvestmentsMember_documentation_en-US" xlink:label="lab_rwt_OtherBusinessPurposeLoanInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Business Purpose Loan Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherBusinessPurposeLoanInvestmentsMember" xlink:href="rwt-20210331.xsd#rwt_OtherBusinessPurposeLoanInvestmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_OtherBusinessPurposeLoanInvestmentsMember" xlink:to="lab_rwt_OtherBusinessPurposeLoanInvestmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_SecurityExchangeName_6e242dbf-0803-42e7-b16c-234ba76204eb_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Security Exchange Name</link:label>
    <link:label id="lab_dei_SecurityExchangeName_label_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Security Exchange Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_SecurityExchangeName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityExchangeName" xlink:to="lab_dei_SecurityExchangeName" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward_4d37cfc6-f4ec-4a70-bc6e-639adb111743_terseLabel_en-US" xlink:label="lab_rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unamortized Discount and Designated Credit Reserves</link:label>
    <link:label id="lab_rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward_label_en-US" xlink:label="lab_rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unamortized Discount and Designated Credit Reserves [Roll Forward]</link:label>
    <link:label id="lab_rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward_documentation_en-US" xlink:label="lab_rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unamortized Discount and Designated Credit Reserves [Roll Forward]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward" xlink:href="rwt-20210331.xsd#rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward" xlink:to="lab_rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_d591a5ab-365e-4fdb-a38a-18634397fb42_terseLabel_en-US" xlink:label="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification out of Accumulated Other Comprehensive Income</link:label>
    <link:label id="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_label_en-US" xlink:label="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification out of Accumulated Other Comprehensive Income [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xlink:to="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ServicerAdvancesCollateral_531c3c91-8966-4119-8d51-40df17a31af3_terseLabel_en-US" xlink:label="lab_rwt_ServicerAdvancesCollateral" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicer advances</link:label>
    <link:label id="lab_rwt_ServicerAdvancesCollateral_label_en-US" xlink:label="lab_rwt_ServicerAdvancesCollateral" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicer Advances Collateral</link:label>
    <link:label id="lab_rwt_ServicerAdvancesCollateral_documentation_en-US" xlink:label="lab_rwt_ServicerAdvancesCollateral" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicer Advances Collateral</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvancesCollateral" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvancesCollateral"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ServicerAdvancesCollateral" xlink:to="lab_rwt_ServicerAdvancesCollateral" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PerformanceSharesMember_0cd17b08-7630-429d-bf9c-0f47f593bdfd_terseLabel_en-US" xlink:label="lab_us-gaap_PerformanceSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Performance Stock Units</link:label>
    <link:label id="lab_us-gaap_PerformanceSharesMember_label_en-US" xlink:label="lab_us-gaap_PerformanceSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Performance Shares [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PerformanceSharesMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PerformanceSharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PerformanceSharesMember" xlink:to="lab_us-gaap_PerformanceSharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock_cf6aff22-e14f-45ee-aa76-ec0a9f5e7ff3_terseLabel_en-US" xlink:label="lab_rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Characteristics of Residential Loans Held-For-Sale</link:label>
    <link:label id="lab_rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock_label_en-US" xlink:label="lab_rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Characteristics of Residential Loans Held-For-Sale [Table Text Block]</link:label>
    <link:label id="lab_rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock_documentation_en-US" xlink:label="lab_rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Characteristics of Residential Loans Held-For-Sale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock" xlink:to="lab_rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_VariableRateDomain_af319775-a787-4625-8ef3-7e180d2f9b05_terseLabel_en-US" xlink:label="lab_us-gaap_VariableRateDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Variable Rate [Domain]</link:label>
    <link:label id="lab_us-gaap_VariableRateDomain_label_en-US" xlink:label="lab_us-gaap_VariableRateDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Variable Rate [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableRateDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableRateDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableRateDomain" xlink:to="lab_us-gaap_VariableRateDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss_f8923c30-0adf-423c-a573-b112f0abaa01_negatedLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross realized losses - sales</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Realized Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_OtherSubsegmentsMember_250510ca-3af0-41c7-aeae-df4d344c0a94_terseLabel_en-US" xlink:label="lab_rwt_OtherSubsegmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
    <link:label id="lab_rwt_OtherSubsegmentsMember_label_en-US" xlink:label="lab_rwt_OtherSubsegmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Subsegments [Member]</link:label>
    <link:label id="lab_rwt_OtherSubsegmentsMember_documentation_en-US" xlink:label="lab_rwt_OtherSubsegmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Subsegments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherSubsegmentsMember" xlink:href="rwt-20210331.xsd#rwt_OtherSubsegmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_OtherSubsegmentsMember" xlink:to="lab_rwt_OtherSubsegmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_b2253881-b66b-48be-9a04-1f35b71cda33_terseLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Change in valuation allowance</link:label>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestAndOtherIncomeTextBlock_c9603a0f-d538-440e-9592-c8e0b0569a0d_terseLabel_en-US" xlink:label="lab_us-gaap_InterestAndOtherIncomeTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Income</link:label>
    <link:label id="lab_us-gaap_InterestAndOtherIncomeTextBlock_label_en-US" xlink:label="lab_us-gaap_InterestAndOtherIncomeTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest and Other Income [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndOtherIncomeTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndOtherIncomeTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestAndOtherIncomeTextBlock" xlink:to="lab_us-gaap_InterestAndOtherIncomeTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AssetsAbstract_4ed94c6d-ee48-4842-b5af-cb081fe58b39_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ASSETS</link:label>
    <link:label id="lab_us-gaap_AssetsAbstract_label_en-US" xlink:label="lab_us-gaap_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsAbstract" xlink:to="lab_us-gaap_AssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_7d51fecb-6d3f-48c2-bc11-6a9ff4bc64c1_terseLabel_en-US" xlink:label="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment, Name [Axis]</link:label>
    <link:label id="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_label_en-US" xlink:label="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment, Name [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:to="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccountingPoliciesAbstract_d828ac00-e5cf-458b-b195-f1966b6ab739_terseLabel_en-US" xlink:label="lab_us-gaap_AccountingPoliciesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounting Policies [Abstract]</link:label>
    <link:label id="lab_us-gaap_AccountingPoliciesAbstract_label_en-US" xlink:label="lab_us-gaap_AccountingPoliciesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounting Policies [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountingPoliciesAbstract" xlink:to="lab_us-gaap_AccountingPoliciesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate_76714c96-2743-4948-b90d-888cbb74509c_terseLabel_en-US" xlink:label="lab_us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential loans</link:label>
    <link:label id="lab_us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate_label_en-US" xlink:label="lab_us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest and Fee Income, Loans, Consumer, Real Estate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate" xlink:to="lab_us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_InterestOnlyCertificatesMember_81237a09-0494-4f88-9a53-b795d348f5ff_terseLabel_en-US" xlink:label="lab_rwt_InterestOnlyCertificatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest-only certificates</link:label>
    <link:label id="lab_rwt_InterestOnlyCertificatesMember_label_en-US" xlink:label="lab_rwt_InterestOnlyCertificatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Only Certificates [Member]</link:label>
    <link:label id="lab_rwt_InterestOnlyCertificatesMember_documentation_en-US" xlink:label="lab_rwt_InterestOnlyCertificatesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Only Certificates [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestOnlyCertificatesMember" xlink:href="rwt-20210331.xsd#rwt_InterestOnlyCertificatesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_InterestOnlyCertificatesMember" xlink:to="lab_rwt_InterestOnlyCertificatesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SpecialPurposeEntitiesLiabilities_2ec42af9-422c-4673-bc96-4eafb438a5fb_terseLabel_en-US" xlink:label="lab_rwt_SpecialPurposeEntitiesLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Special purpose entities liabilities</link:label>
    <link:label id="lab_rwt_SpecialPurposeEntitiesLiabilities_label_en-US" xlink:label="lab_rwt_SpecialPurposeEntitiesLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Special Purpose Entities, Liabilities</link:label>
    <link:label id="lab_rwt_SpecialPurposeEntitiesLiabilities_documentation_en-US" xlink:label="lab_rwt_SpecialPurposeEntitiesLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Special Purpose Entities, Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SpecialPurposeEntitiesLiabilities" xlink:href="rwt-20210331.xsd#rwt_SpecialPurposeEntitiesLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SpecialPurposeEntitiesLiabilities" xlink:to="lab_rwt_SpecialPurposeEntitiesLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_0737322f-8fd4-4342-8a16-223771425ae2_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]</link:label>
    <link:label id="lab_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_label_en-US" xlink:label="lab_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:to="lab_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_A5ArchesLLCMember_d252b69f-54b2-4430-96f5-fd974e9d360d_terseLabel_en-US" xlink:label="lab_rwt_A5ArchesLLCMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">5 Arches</link:label>
    <link:label id="lab_rwt_A5ArchesLLCMember_label_en-US" xlink:label="lab_rwt_A5ArchesLLCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">5 Arches, LLC [Member]</link:label>
    <link:label id="lab_rwt_A5ArchesLLCMember_documentation_en-US" xlink:label="lab_rwt_A5ArchesLLCMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">5 Arches, LLC [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_A5ArchesLLCMember" xlink:href="rwt-20210331.xsd#rwt_A5ArchesLLCMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_A5ArchesLLCMember" xlink:to="lab_rwt_A5ArchesLLCMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_e5241915-c491-469f-9828-6b890e00af6f_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net unrealized loss on interest rate agreements</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesTradingRestricted_b8cca07a-601e-4a79-a660-87c00b58aa3d_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesTradingRestricted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading securities pledged as collateral</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesTradingRestricted_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesTradingRestricted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Trading, Restricted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesTradingRestricted" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesTradingRestricted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesTradingRestricted" xlink:to="lab_us-gaap_DebtSecuritiesTradingRestricted" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MeasurementInputWholeLoanCommittedSalesPriceMember_945f4c12-513c-452b-b8c1-da4516b30d1c_terseLabel_en-US" xlink:label="lab_rwt_MeasurementInputWholeLoanCommittedSalesPriceMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Whole loan committed sales price</link:label>
    <link:label id="lab_rwt_MeasurementInputWholeLoanCommittedSalesPriceMember_label_en-US" xlink:label="lab_rwt_MeasurementInputWholeLoanCommittedSalesPriceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Whole Loan Committed Sales Price [Member]</link:label>
    <link:label id="lab_rwt_MeasurementInputWholeLoanCommittedSalesPriceMember_documentation_en-US" xlink:label="lab_rwt_MeasurementInputWholeLoanCommittedSalesPriceMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Whole Loan Committed Sales Price [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputWholeLoanCommittedSalesPriceMember" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputWholeLoanCommittedSalesPriceMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MeasurementInputWholeLoanCommittedSalesPriceMember" xlink:to="lab_rwt_MeasurementInputWholeLoanCommittedSalesPriceMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract_dfde11d3-3371-4993-b757-08536f1a6541_terseLabel_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Decrease in fair value from:</link:label>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract_label_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis of Fair Value of Interests that Continue to be Held by Transferor, Servicing Assets or Liabilities [Abstract]</link:label>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract_documentation_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis of Fair Value of Interests that Continue to be Held by Transferor, Servicing Assets or Liabilities [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract" xlink:to="lab_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RealEstateInvestmentMember_0e8410f9-d797-4768-b18d-1b26a2584d30_terseLabel_en-US" xlink:label="lab_us-gaap_RealEstateInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other assets</link:label>
    <link:label id="lab_us-gaap_RealEstateInvestmentMember_label_en-US" xlink:label="lab_us-gaap_RealEstateInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Investment [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateInvestmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealEstateInvestmentMember" xlink:to="lab_us-gaap_RealEstateInvestmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_14fc9ebd-8eaa-4178-99fc-d9f06c1d6497_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2022</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lessee, Operating Lease, Liability, to be Paid, Year One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RealizedGainLossOnInvestmentsTableTextBlock_4dc7bcd5-a2d3-4662-b027-dececea210c1_terseLabel_en-US" xlink:label="lab_us-gaap_RealizedGainLossOnInvestmentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Realized Gains and Losses on Available for Sale Securities</link:label>
    <link:label id="lab_us-gaap_RealizedGainLossOnInvestmentsTableTextBlock_label_en-US" xlink:label="lab_us-gaap_RealizedGainLossOnInvestmentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Realized Gain (Loss) on Investments [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealizedGainLossOnInvestmentsTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealizedGainLossOnInvestmentsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealizedGainLossOnInvestmentsTableTextBlock" xlink:to="lab_us-gaap_RealizedGainLossOnInvestmentsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_dd273821-1e66-470b-add7-070b1edc4e02_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2025</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lessee, Operating Lease, Liability, to be Paid, Year Four</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_09085392-12ea-4633-848c-83ee8f359b55_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets and Liabilities Measured at Fair Value on Recurring Basis</link:label>
    <link:label id="lab_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ThirdPartyResidentialInvestmentsMember_cae26918-4222-46fd-8335-8ba454dbbc22_terseLabel_en-US" xlink:label="lab_rwt_ThirdPartyResidentialInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Third-Party Investments</link:label>
    <link:label id="lab_rwt_ThirdPartyResidentialInvestmentsMember_label_en-US" xlink:label="lab_rwt_ThirdPartyResidentialInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Third-Party Residential Investments [Member]</link:label>
    <link:label id="lab_rwt_ThirdPartyResidentialInvestmentsMember_documentation_en-US" xlink:label="lab_rwt_ThirdPartyResidentialInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Third-Party Residential Investments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ThirdPartyResidentialInvestmentsMember" xlink:href="rwt-20210331.xsd#rwt_ThirdPartyResidentialInvestmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ThirdPartyResidentialInvestmentsMember" xlink:to="lab_rwt_ThirdPartyResidentialInvestmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_912ef9ef-a813-42ba-ab3d-ab0839716d26_terseLabel_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unrecognized compensation cost</link:label>
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_77c478d3-67e1-4e22-b885-2ca6b7317567_periodStartLabel_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unrecognized compensation cost at beginning of period</link:label>
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_33665917-d66a-4bbd-8e29-42cef3c2b145_periodEndLabel_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unrecognized Compensation Cost at End of Period</link:label>
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_label_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:to="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ResidentialPortfolioSegmentMember_73ba5a73-aa11-4e02-962a-54774854dddf_terseLabel_en-US" xlink:label="lab_us-gaap_ResidentialPortfolioSegmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential loans</link:label>
    <link:label id="lab_us-gaap_ResidentialPortfolioSegmentMember_label_en-US" xlink:label="lab_us-gaap_ResidentialPortfolioSegmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Portfolio Segment [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialPortfolioSegmentMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialPortfolioSegmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ResidentialPortfolioSegmentMember" xlink:to="lab_us-gaap_ResidentialPortfolioSegmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances_4c5b7338-3f76-42c5-98b7-28bd3e8977fc_terseLabel_en-US" xlink:label="lab_rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal and interest advances</link:label>
    <link:label id="lab_rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances_label_en-US" xlink:label="lab_rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Assets At Fair Value, Principal And Interest Advances</link:label>
    <link:label id="lab_rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances_documentation_en-US" xlink:label="lab_rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Assets At Fair Value, Principal And Interest Advances</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances" xlink:to="lab_rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingExpenses_f02b3572-c833-408c-af05-3c0fad24b77b_totalLabel_en-US" xlink:label="lab_us-gaap_OperatingExpenses" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses</link:label>
    <link:label id="lab_us-gaap_OperatingExpenses_label_en-US" xlink:label="lab_us-gaap_OperatingExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpenses" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingExpenses" xlink:to="lab_us-gaap_OperatingExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MortgageLoansOnRealEstateRepurchaseRequests_cda50dbf-0ff4-4c41-b337-8a1ccca2f56e_terseLabel_en-US" xlink:label="lab_rwt_MortgageLoansOnRealEstateRepurchaseRequests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of residential repurchase requests (in repurchase requests)</link:label>
    <link:label id="lab_rwt_MortgageLoansOnRealEstateRepurchaseRequests_label_en-US" xlink:label="lab_rwt_MortgageLoansOnRealEstateRepurchaseRequests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Loans On Real Estate, Repurchase Requests</link:label>
    <link:label id="lab_rwt_MortgageLoansOnRealEstateRepurchaseRequests_documentation_en-US" xlink:label="lab_rwt_MortgageLoansOnRealEstateRepurchaseRequests" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Loans On Real Estate, Repurchase Requests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageLoansOnRealEstateRepurchaseRequests" xlink:href="rwt-20210331.xsd#rwt_MortgageLoansOnRealEstateRepurchaseRequests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MortgageLoansOnRealEstateRepurchaseRequests" xlink:to="lab_rwt_MortgageLoansOnRealEstateRepurchaseRequests" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_c65a5bd5-14a6-4094-85e3-537b247300f7_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other comprehensive income (loss):</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Comprehensive Income (Loss), Net of Tax [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeLiabilityMeasurementInput_2d4af2ae-6832-4f99-836d-314e4ba16fd0_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan purchase commitments, measurement input</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilityMeasurementInput_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Liability, Measurement Input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilityMeasurementInput" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilityMeasurementInput"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilityMeasurementInput" xlink:to="lab_us-gaap_DerivativeLiabilityMeasurementInput" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommonStockParOrStatedValuePerShare_077ac9bb-51ba-48d4-b990-800459a4c6a4_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockParOrStatedValuePerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common stock, par value (usd per share)</link:label>
    <link:label id="lab_us-gaap_CommonStockParOrStatedValuePerShare_label_en-US" xlink:label="lab_us-gaap_CommonStockParOrStatedValuePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common Stock, Par or Stated Value Per Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="lab_us-gaap_CommonStockParOrStatedValuePerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InvestmentSecondaryCategorizationAxis_3e9ded31-eb94-41b4-a847-4412bf96930a_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentSecondaryCategorizationAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment Secondary Categorization [Axis]</link:label>
    <link:label id="lab_us-gaap_InvestmentSecondaryCategorizationAxis_label_en-US" xlink:label="lab_us-gaap_InvestmentSecondaryCategorizationAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment Secondary Categorization [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentSecondaryCategorizationAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentSecondaryCategorizationAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentSecondaryCategorizationAxis" xlink:to="lab_us-gaap_InvestmentSecondaryCategorizationAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MarketableSecurities_8d10c05b-5f39-4e64-978b-5edd772c761e_verboseLabel_en-US" xlink:label="lab_us-gaap_MarketableSecurities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real estate securities, at fair value</link:label>
    <link:label id="lab_us-gaap_MarketableSecurities_2e0e464e-3f4d-4193-b411-58e30cff48a6_terseLabel_en-US" xlink:label="lab_us-gaap_MarketableSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real estate securities</link:label>
    <link:label id="lab_us-gaap_MarketableSecurities_c2153756-bd21-4f45-a50d-8b5f80f100e9_totalLabel_en-US" xlink:label="lab_us-gaap_MarketableSecurities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Real Estate Securities</link:label>
    <link:label id="lab_us-gaap_MarketableSecurities_label_en-US" xlink:label="lab_us-gaap_MarketableSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Marketable Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarketableSecurities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarketableSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MarketableSecurities" xlink:to="lab_us-gaap_MarketableSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock_ddd0ba53-851b-415a-8a5a-96cb04f49ffd_terseLabel_en-US" xlink:label="lab_rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Flows Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood</link:label>
    <link:label id="lab_rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock_label_en-US" xlink:label="lab_rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Flows between Transferee and Transferor Current Period [Table Text Block]</link:label>
    <link:label id="lab_rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock_documentation_en-US" xlink:label="lab_rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Flows between a transferor and a transferee attributable to transferred assets related to either a securitization 0r asset-backed financing arrangement in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets).</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock" xlink:to="lab_rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_eb9e1eaf-4b03-4c1c-a726-d655d8df8653_terseLabel_en-US" xlink:label="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) [Roll Forward]</link:label>
    <link:label id="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_label_en-US" xlink:label="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract" xlink:to="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_CoreVestAmericanFinanceLenderLLCMember_325a844c-a43a-43ce-8409-766c7df0e488_terseLabel_en-US" xlink:label="lab_rwt_CoreVestAmericanFinanceLenderLLCMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CoreVest</link:label>
    <link:label id="lab_rwt_CoreVestAmericanFinanceLenderLLCMember_label_en-US" xlink:label="lab_rwt_CoreVestAmericanFinanceLenderLLCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CoreVest American Finance Lender LLC [Member]</link:label>
    <link:label id="lab_rwt_CoreVestAmericanFinanceLenderLLCMember_documentation_en-US" xlink:label="lab_rwt_CoreVestAmericanFinanceLenderLLCMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CoreVest American Finance Lender LLC [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CoreVestAmericanFinanceLenderLLCMember" xlink:href="rwt-20210331.xsd#rwt_CoreVestAmericanFinanceLenderLLCMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_CoreVestAmericanFinanceLenderLLCMember" xlink:to="lab_rwt_CoreVestAmericanFinanceLenderLLCMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SeniorCreditSupportMember_550839c6-220a-46f2-94e9-564fa7272609_terseLabel_en-US" xlink:label="lab_rwt_SeniorCreditSupportMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior credit support</link:label>
    <link:label id="lab_rwt_SeniorCreditSupportMember_label_en-US" xlink:label="lab_rwt_SeniorCreditSupportMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior Credit Support [Member]</link:label>
    <link:label id="lab_rwt_SeniorCreditSupportMember_documentation_en-US" xlink:label="lab_rwt_SeniorCreditSupportMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior Credit Support [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorCreditSupportMember" xlink:href="rwt-20210331.xsd#rwt_SeniorCreditSupportMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SeniorCreditSupportMember" xlink:to="lab_rwt_SeniorCreditSupportMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueMeasurementFrequencyDomain_47363a47-df43-4ade-b0cc-5d8a0dd25445_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementFrequencyDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Frequency [Domain]</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementFrequencyDomain_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementFrequencyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Frequency [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementFrequencyDomain" xlink:to="lab_us-gaap_FairValueMeasurementFrequencyDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal_13c1e0a0-81fa-4a40-a41c-7169169c43d8_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additional increases (decreases) to the allowance for credit losses on securities that had an allowance recorded in a previous period</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss, Not to Sell before Recovery, Credit Loss, Previously Recorded, Expense (Reversal)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FHLBCBorrowingsMember_d9de9051-56b7-4015-a67a-a2654b7fc22c_terseLabel_en-US" xlink:label="lab_rwt_FHLBCBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">FHLBC borrowings</link:label>
    <link:label id="lab_rwt_FHLBCBorrowingsMember_label_en-US" xlink:label="lab_rwt_FHLBCBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">FHLBC Borrowings [Member]</link:label>
    <link:label id="lab_rwt_FHLBCBorrowingsMember_documentation_en-US" xlink:label="lab_rwt_FHLBCBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">FHLBC Borrowings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FHLBCBorrowingsMember" xlink:href="rwt-20210331.xsd#rwt_FHLBCBorrowingsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FHLBCBorrowingsMember" xlink:to="lab_rwt_FHLBCBorrowingsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementLineItems_463bbd8b-4676-47b9-a840-481c028122b9_terseLabel_en-US" xlink:label="lab_us-gaap_StatementLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statement [Line Items]</link:label>
    <link:label id="lab_us-gaap_StatementLineItems_label_en-US" xlink:label="lab_us-gaap_StatementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statement [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementLineItems" xlink:to="lab_us-gaap_StatementLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MarketValuationChangesInFairValueOfGuaranteeAsset_5e8ad588-31c2-449d-8e27-7fd74c1fedf4_terseLabel_en-US" xlink:label="lab_rwt_MarketValuationChangesInFairValueOfGuaranteeAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Market valuation losses related to these investments</link:label>
    <link:label id="lab_rwt_MarketValuationChangesInFairValueOfGuaranteeAsset_label_en-US" xlink:label="lab_rwt_MarketValuationChangesInFairValueOfGuaranteeAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Market Valuation Changes In Fair Value Of Guarantee Asset</link:label>
    <link:label id="lab_rwt_MarketValuationChangesInFairValueOfGuaranteeAsset_documentation_en-US" xlink:label="lab_rwt_MarketValuationChangesInFairValueOfGuaranteeAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Market Valuation Changes In Fair Value Of Guarantee Asset</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MarketValuationChangesInFairValueOfGuaranteeAsset" xlink:href="rwt-20210331.xsd#rwt_MarketValuationChangesInFairValueOfGuaranteeAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MarketValuationChangesInFairValueOfGuaranteeAsset" xlink:to="lab_rwt_MarketValuationChangesInFairValueOfGuaranteeAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ClassOfStockDomain_107836cd-3849-4249-85ae-26c6dd8b1123_terseLabel_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Class of Stock [Domain]</link:label>
    <link:label id="lab_us-gaap_ClassOfStockDomain_label_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Class of Stock [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ClassOfStockDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ClassOfStockDomain" xlink:to="lab_us-gaap_ClassOfStockDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_63991b07-95a5-427c-a9cc-9ca707a883f7_terseLabel_en-US" xlink:label="lab_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans</link:label>
    <link:label id="lab_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_233dc728-6f66-4c59-b029-38b2d34a837f_verboseLabel_en-US" xlink:label="lab_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Loans</link:label>
    <link:label id="lab_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_cf26447e-5432-4b04-acff-7f209f241ad6_netLabel_en-US" xlink:label="lab_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Multifamily Loans</link:label>
    <link:label id="lab_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_label_en-US" xlink:label="lab_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans, Notes, Trade and Other Receivables Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:to="lab_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ToBeAnnouncedContractsMember_c365d7cc-aabc-414b-8cbf-ae38b966fd78_terseLabel_en-US" xlink:label="lab_rwt_ToBeAnnouncedContractsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">TBAs</link:label>
    <link:label id="lab_rwt_ToBeAnnouncedContractsMember_label_en-US" xlink:label="lab_rwt_ToBeAnnouncedContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">TBA Contracts [Member]</link:label>
    <link:label id="lab_rwt_ToBeAnnouncedContractsMember_documentation_en-US" xlink:label="lab_rwt_ToBeAnnouncedContractsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">TBA Contracts [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ToBeAnnouncedContractsMember" xlink:href="rwt-20210331.xsd#rwt_ToBeAnnouncedContractsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ToBeAnnouncedContractsMember" xlink:to="lab_rwt_ToBeAnnouncedContractsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MeasurementInputTypeDomain_0e8838ab-8e96-466b-b394-95e298215060_terseLabel_en-US" xlink:label="lab_us-gaap_MeasurementInputTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input Type [Domain]</link:label>
    <link:label id="lab_us-gaap_MeasurementInputTypeDomain_label_en-US" xlink:label="lab_us-gaap_MeasurementInputTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input Type [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputTypeDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputTypeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MeasurementInputTypeDomain" xlink:to="lab_us-gaap_MeasurementInputTypeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementTable_c3cfae38-2390-484f-9841-0d8e9e187bde_terseLabel_en-US" xlink:label="lab_us-gaap_StatementTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statement [Table]</link:label>
    <link:label id="lab_us-gaap_StatementTable_label_en-US" xlink:label="lab_us-gaap_StatementTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statement [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementTable" xlink:to="lab_us-gaap_StatementTable" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RangeAxis_3c4dca91-e7c5-4db5-82f4-5756fa50ee62_terseLabel_en-US" xlink:label="lab_srt_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statistical Measurement [Axis]</link:label>
    <link:label id="lab_srt_RangeAxis_label_en-US" xlink:label="lab_srt_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statistical Measurement [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RangeAxis" xlink:to="lab_srt_RangeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown_709d8038-e03d-40e7-848c-08eef363508a_negatedLabel_en-US" xlink:label="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net gains (losses) attributable to level 3 liabilities still held included in net income</link:label>
    <link:label id="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown_label_en-US" xlink:label="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included In Earnings, Excluding Sold, Matured, Called, Or Written Down</link:label>
    <link:label id="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown_documentation_en-US" xlink:label="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included In Earnings, Excluding Sold, Matured, Called, Or Written Down</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" xlink:href="rwt-20210331.xsd#rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" xlink:to="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_TextBlockAbstract_label_en-US" xlink:label="lab_us-gaap_TextBlockAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Text Block [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TextBlockAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TextBlockAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TextBlockAbstract" xlink:to="lab_us-gaap_TextBlockAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestIncomeOther_18433ca4-ccd4-44f8-b2f0-ebed920217fa_terseLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeOther" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other interest income</link:label>
    <link:label id="lab_us-gaap_InterestIncomeOther_label_en-US" xlink:label="lab_us-gaap_InterestIncomeOther" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Income, Other</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeOther" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeOther"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestIncomeOther" xlink:to="lab_us-gaap_InterestIncomeOther" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueMeasurementsNonrecurringMember_487774b6-2b85-4246-b489-8d0094702b2f_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsNonrecurringMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurements, Nonrecurring</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementsNonrecurringMember_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsNonrecurringMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Nonrecurring [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsNonrecurringMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsNonrecurringMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementsNonrecurringMember" xlink:to="lab_us-gaap_FairValueMeasurementsNonrecurringMember" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_WeightedAverageMember_a5f86435-9d57-4965-bd1b-1a848720f939_terseLabel_en-US" xlink:label="lab_srt_WeightedAverageMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average</link:label>
    <link:label id="lab_srt_WeightedAverageMember_label_en-US" xlink:label="lab_srt_WeightedAverageMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_WeightedAverageMember" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_WeightedAverageMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_WeightedAverageMember" xlink:to="lab_srt_WeightedAverageMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_LongTermMarketableSecuritiesMaturitiesTerm_3059f66e-05e4-4c41-ae25-a58c0d30f664_terseLabel_en-US" xlink:label="lab_rwt_LongTermMarketableSecuritiesMaturitiesTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contractual maturities of securities (in years)</link:label>
    <link:label id="lab_rwt_LongTermMarketableSecuritiesMaturitiesTerm_label_en-US" xlink:label="lab_rwt_LongTermMarketableSecuritiesMaturitiesTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long Term Marketable Securities Maturities Term</link:label>
    <link:label id="lab_rwt_LongTermMarketableSecuritiesMaturitiesTerm_documentation_en-US" xlink:label="lab_rwt_LongTermMarketableSecuritiesMaturitiesTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long Term Marketable Securities Maturities Term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LongTermMarketableSecuritiesMaturitiesTerm" xlink:href="rwt-20210331.xsd#rwt_LongTermMarketableSecuritiesMaturitiesTerm"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_LongTermMarketableSecuritiesMaturitiesTerm" xlink:to="lab_rwt_LongTermMarketableSecuritiesMaturitiesTerm" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure_f45ef68d-6164-4d47-bcc7-2a77a8cb3d6d_terseLabel_en-US" xlink:label="lab_rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trust preferred securities and subordinated notes, net</link:label>
    <link:label id="lab_rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure_label_en-US" xlink:label="lab_rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trust Preferred Securities And Subordinated Notes, Net, Fair Value Disclosure</link:label>
    <link:label id="lab_rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure_documentation_en-US" xlink:label="lab_rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trust Preferred Securities And Subordinated Notes, Net, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure" xlink:href="rwt-20210331.xsd#rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure" xlink:to="lab_rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntitySmallBusiness_38a1eac6-3514-4e2e-9950-ee1aade88c59_terseLabel_en-US" xlink:label="lab_dei_EntitySmallBusiness" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity small business</link:label>
    <link:label id="lab_dei_EntitySmallBusiness_label_en-US" xlink:label="lab_dei_EntitySmallBusiness" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Small Business</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntitySmallBusiness" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntitySmallBusiness"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntitySmallBusiness" xlink:to="lab_dei_EntitySmallBusiness" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MortgageBankingActivitiesMember_bb00f077-fb00-4f83-98f0-14f43f060864_terseLabel_en-US" xlink:label="lab_rwt_MortgageBankingActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Banking Activities, Net</link:label>
    <link:label id="lab_rwt_MortgageBankingActivitiesMember_label_en-US" xlink:label="lab_rwt_MortgageBankingActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Banking Activities [Member]</link:label>
    <link:label id="lab_rwt_MortgageBankingActivitiesMember_documentation_en-US" xlink:label="lab_rwt_MortgageBankingActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Banking Activities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingActivitiesMember" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingActivitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MortgageBankingActivitiesMember" xlink:to="lab_rwt_MortgageBankingActivitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ConsolidationPolicyTextBlock_a617799f-d2bc-4cc9-aae1-c83890387b18_terseLabel_en-US" xlink:label="lab_us-gaap_ConsolidationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principles of Consolidation</link:label>
    <link:label id="lab_us-gaap_ConsolidationPolicyTextBlock_label_en-US" xlink:label="lab_us-gaap_ConsolidationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consolidation, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConsolidationPolicyTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConsolidationPolicyTextBlock" xlink:to="lab_us-gaap_ConsolidationPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_InterestRateAgreementTBAsAndFuturesMember_8f1c21c8-1c3d-42c5-887a-aaa3c45ed9a6_terseLabel_en-US" xlink:label="lab_rwt_InterestRateAgreementTBAsAndFuturesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Rate Agreement, TBAs, and Futures</link:label>
    <link:label id="lab_rwt_InterestRateAgreementTBAsAndFuturesMember_label_en-US" xlink:label="lab_rwt_InterestRateAgreementTBAsAndFuturesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Rate Agreement, TBAs, And Futures [Member]</link:label>
    <link:label id="lab_rwt_InterestRateAgreementTBAsAndFuturesMember_documentation_en-US" xlink:label="lab_rwt_InterestRateAgreementTBAsAndFuturesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Rate Agreement, TBAs, And Futures [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestRateAgreementTBAsAndFuturesMember" xlink:href="rwt-20210331.xsd#rwt_InterestRateAgreementTBAsAndFuturesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_InterestRateAgreementTBAsAndFuturesMember" xlink:to="lab_rwt_InterestRateAgreementTBAsAndFuturesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_NonMarginableDebtRepurchaseAgreementOneMember_a761a0e8-e58d-4d5f-ae04-5e24a9ad4a08_terseLabel_en-US" xlink:label="lab_rwt_NonMarginableDebtRepurchaseAgreementOneMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sequoia</link:label>
    <link:label id="lab_rwt_NonMarginableDebtRepurchaseAgreementOneMember_label_en-US" xlink:label="lab_rwt_NonMarginableDebtRepurchaseAgreementOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-Marginable Debt Repurchase Agreement One [Member]</link:label>
    <link:label id="lab_rwt_NonMarginableDebtRepurchaseAgreementOneMember_documentation_en-US" xlink:label="lab_rwt_NonMarginableDebtRepurchaseAgreementOneMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-Marginable Debt Repurchase Agreement One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NonMarginableDebtRepurchaseAgreementOneMember" xlink:href="rwt-20210331.xsd#rwt_NonMarginableDebtRepurchaseAgreementOneMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_NonMarginableDebtRepurchaseAgreementOneMember" xlink:to="lab_rwt_NonMarginableDebtRepurchaseAgreementOneMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_f2b4e2bc-64ff-4a11-92c6-aea007db714b_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Hierarchy and NAV [Domain]</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Hierarchy and NAV [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue_7bfe69d9-59b5-47f6-9290-63a7a3fee5fc_terseLabel_en-US" xlink:label="lab_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pledged collateral</link:label>
    <link:label id="lab_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue_label_en-US" xlink:label="lab_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pledged Assets Separately Reported, Other Assets Pledged as Collateral, at Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue" xlink:to="lab_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_b5fbe7be-ca41-49a9-b8aa-ce7dc1b36f02_terseLabel_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]</link:label>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_label_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems" xlink:to="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale_eee84376-212e-442b-966b-f56ddee2af9d_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from sales of held-for-sale loans</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from Sale of Loans Held-for-sale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfLoansHeldForSale" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfLoansHeldForSale"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfLoansHeldForSale" xlink:to="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareRepurchaseProgramDomain_d8b36616-0fe6-4dc8-b87d-8098aeb0843e_terseLabel_en-US" xlink:label="lab_us-gaap_ShareRepurchaseProgramDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share Repurchase Program [Domain]</link:label>
    <link:label id="lab_us-gaap_ShareRepurchaseProgramDomain_label_en-US" xlink:label="lab_us-gaap_ShareRepurchaseProgramDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share Repurchase Program [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareRepurchaseProgramDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareRepurchaseProgramDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareRepurchaseProgramDomain" xlink:to="lab_us-gaap_ShareRepurchaseProgramDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestAndDividendIncomeOperating_9876f1f4-8a96-429f-ad4f-ccdd179b14b5_totalLabel_en-US" xlink:label="lab_us-gaap_InterestAndDividendIncomeOperating" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total interest income</link:label>
    <link:label id="lab_us-gaap_InterestAndDividendIncomeOperating_f89378cc-7e8f-4a48-8fa0-83089953d281_terseLabel_en-US" xlink:label="lab_us-gaap_InterestAndDividendIncomeOperating" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest income</link:label>
    <link:label id="lab_us-gaap_InterestAndDividendIncomeOperating_label_en-US" xlink:label="lab_us-gaap_InterestAndDividendIncomeOperating" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest and Dividend Income, Operating</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperating" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestAndDividendIncomeOperating" xlink:to="lab_us-gaap_InterestAndDividendIncomeOperating" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities_c67e14e8-5255-4060-bd37-4b7fe4b177c2_terseLabel_en-US" xlink:label="lab_rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consolidation of multifamily ABS</link:label>
    <link:label id="lab_rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities_label_en-US" xlink:label="lab_rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consolidation (Deconsolidation) Of Multifamily Asset Backed Securities</link:label>
    <link:label id="lab_rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities_documentation_en-US" xlink:label="lab_rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consolidation (Deconsolidation) Of Multifamily Asset Backed Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities" xlink:href="rwt-20210331.xsd#rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities" xlink:to="lab_rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AmendmentFlag_903b9922-1ee8-4df3-81d0-0dff3c8dd8b4_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amendment Flag</link:label>
    <link:label id="lab_dei_AmendmentFlag_label_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amendment Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_AmendmentFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent_6b80ecae-a9fc-4e8b-a74b-213aa91083c8_terseLabel_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Credit loss assumption</link:label>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent_label_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact Other than 10 or 20 Percent Adverse Change in Expected Credit Loss, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent" xlink:to="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember_5f6c3a47-26bc-4351-97f4-47755bf9ade5_terseLabel_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Credit recoveries (losses) on AFS securities</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember_label_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-Sale, with Allowance for Credit Loss [Member]</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember_documentation_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-Sale, with Allowance for Credit Loss [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember" xlink:to="lab_rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_89c2c4e9-6a95-4ac6-88f4-89fde058f942_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finite-Lived Intangible Assets, Major Class Name [Domain]</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finite-Lived Intangible Assets, Major Class Name [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_dbf4df6e-e853-4765-8ec6-da42a5ac335e_periodStartLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Beginning balance - December 31, 2020</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_39d00dbe-fc0e-4367-a32a-f43cb1ef2a9d_periodEndLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ending balance - March 31, 2021</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CorporateNonSegmentMember_eec45dc6-a198-4d67-b798-63bc58dee9c5_terseLabel_en-US" xlink:label="lab_us-gaap_CorporateNonSegmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Corporate/ Other</link:label>
    <link:label id="lab_us-gaap_CorporateNonSegmentMember_label_en-US" xlink:label="lab_us-gaap_CorporateNonSegmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Corporate, Non-Segment [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CorporateNonSegmentMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CorporateNonSegmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CorporateNonSegmentMember" xlink:to="lab_us-gaap_CorporateNonSegmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_0eeecb7b-6d1d-4016-a39f-229c3826399c_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common stock available for grant (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestExpenseShortTermBorrowings_99e4f008-91f0-47a4-a102-4bd2f1605ade_negatedLabel_en-US" xlink:label="lab_us-gaap_InterestExpenseShortTermBorrowings" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term debt</link:label>
    <link:label id="lab_us-gaap_InterestExpenseShortTermBorrowings_label_en-US" xlink:label="lab_us-gaap_InterestExpenseShortTermBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Expense, Short-term Borrowings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseShortTermBorrowings" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseShortTermBorrowings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpenseShortTermBorrowings" xlink:to="lab_us-gaap_InterestExpenseShortTermBorrowings" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_27a2263d-4b2f-415a-9253-50d3e3919700_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification of unrealized loss on interest rate agreements to net income</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FinancingReceivableCreditScoreFICOWeightedAverage_1f5ba9af-7f2a-4ff4-8821-202f1fb9ff93_terseLabel_en-US" xlink:label="lab_rwt_FinancingReceivableCreditScoreFICOWeightedAverage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average original FICO score</link:label>
    <link:label id="lab_rwt_FinancingReceivableCreditScoreFICOWeightedAverage_label_en-US" xlink:label="lab_rwt_FinancingReceivableCreditScoreFICOWeightedAverage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivable, Credit Score, FICO, Weighted Average</link:label>
    <link:label id="lab_rwt_FinancingReceivableCreditScoreFICOWeightedAverage_documentation_en-US" xlink:label="lab_rwt_FinancingReceivableCreditScoreFICOWeightedAverage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">The weighted average FICO score for borrowers at the time loans were originated.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableCreditScoreFICOWeightedAverage" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableCreditScoreFICOWeightedAverage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FinancingReceivableCreditScoreFICOWeightedAverage" xlink:to="lab_rwt_FinancingReceivableCreditScoreFICOWeightedAverage" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost_1a6d13de-9563-401a-b9fa-b66cfdfcd3a3_totalLabel_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Less Than 12 Consecutive Months, Amortized Cost</link:label>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost_label_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Available for Sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Amortized Cost</link:label>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost_documentation_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">This item represents the amortized cost basis of securities that have been in a loss position for less than twelve months for those securities which are categorized neither as held-to-maturity nor trading securities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost" xlink:to="lab_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_d2a200e2-6533-4149-a79a-28fdfc848917_terseLabel_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unamortized Discount, Net</link:label>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_label_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Available For Sale Securities Unamortized Discounts Premiums [Abstract] [Roll Forward]</link:label>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_documentation_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Available For Sale Securities Unamortized Discounts Premiums [Abstract] [Roll Forward]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward" xlink:to="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SingleFamilyBusinessPurposeResidentialLoansMember_4e6103f2-b35b-4b7c-a729-1d380d56e7d0_terseLabel_en-US" xlink:label="lab_rwt_SingleFamilyBusinessPurposeResidentialLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single-family rental loans</link:label>
    <link:label id="lab_rwt_SingleFamilyBusinessPurposeResidentialLoansMember_label_en-US" xlink:label="lab_rwt_SingleFamilyBusinessPurposeResidentialLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single Family Business Purpose Residential Loans [Member]</link:label>
    <link:label id="lab_rwt_SingleFamilyBusinessPurposeResidentialLoansMember_documentation_en-US" xlink:label="lab_rwt_SingleFamilyBusinessPurposeResidentialLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single Family Business Purpose Residential Loans [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyBusinessPurposeResidentialLoansMember" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyBusinessPurposeResidentialLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SingleFamilyBusinessPurposeResidentialLoansMember" xlink:to="lab_rwt_SingleFamilyBusinessPurposeResidentialLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueByMeasurementFrequencyAxis_a9cd2de0-7510-4a47-8057-f395327842ca_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementFrequencyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Frequency [Axis]</link:label>
    <link:label id="lab_us-gaap_FairValueByMeasurementFrequencyAxis_label_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementFrequencyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Frequency [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis" xlink:to="lab_us-gaap_FairValueByMeasurementFrequencyAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_BusinessPurposeLendingMember_5cefa46c-f569-4f96-9663-14727a0c9412_terseLabel_en-US" xlink:label="lab_rwt_BusinessPurposeLendingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Lending</link:label>
    <link:label id="lab_rwt_BusinessPurposeLendingMember_label_en-US" xlink:label="lab_rwt_BusinessPurposeLendingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Lending [Member]</link:label>
    <link:label id="lab_rwt_BusinessPurposeLendingMember_documentation_en-US" xlink:label="lab_rwt_BusinessPurposeLendingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Lending [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeLendingMember" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeLendingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_BusinessPurposeLendingMember" xlink:to="lab_rwt_BusinessPurposeLendingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions_2925e797-4c47-4d74-b931-874cae8a2300_terseLabel_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Acquisitions</link:label>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions_label_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Available For Sale Securities Unamortized Discounts Premiums, Acquisitions</link:label>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions_documentation_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Changes to the net unamortized discount on available-for-sale securities due to security acquisitions.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions" xlink:to="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_143be891-05a1-40f4-b835-1039aedbe2e3_terseLabel_en-US" xlink:label="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Instruments [Domain]</link:label>
    <link:label id="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_label_en-US" xlink:label="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Instruments [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:to="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1_15dda563-b599-4c55-b4b2-2890cec7e5d6_verboseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Risk management derivatives</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (Decrease) in Fair Value of Price Risk Fair Value Hedging Instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1" xlink:to="lab_us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_74bcbe47-1435-4c71-a6c6-c9c470bb0785_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Carrying Values and Fair Values of Assets and Liabilities</link:label>
    <link:label id="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_label_en-US" xlink:label="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, by Balance Sheet Grouping [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:to="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_6871ce1d-1a96-4552-9d76-a9bbe0d2dfaf_totalLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Maximum loss exposure</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:to="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeGainLossOnDerivativeNet_247082e0-09f0-4202-85a3-cf353900a80e_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative gain (loss)</link:label>
    <link:label id="lab_us-gaap_DerivativeGainLossOnDerivativeNet_label_en-US" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative, Gain (Loss) on Derivative, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeGainLossOnDerivativeNet" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeGainLossOnDerivativeNet" xlink:to="lab_us-gaap_DerivativeGainLossOnDerivativeNet" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SettlementInCashMember_d5681b30-885e-4044-a1a9-d38de110851e_terseLabel_en-US" xlink:label="lab_rwt_SettlementInCashMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Settlement in Cash</link:label>
    <link:label id="lab_rwt_SettlementInCashMember_label_en-US" xlink:label="lab_rwt_SettlementInCashMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Settlement in Cash [Member]</link:label>
    <link:label id="lab_rwt_SettlementInCashMember_documentation_en-US" xlink:label="lab_rwt_SettlementInCashMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Settlement in Cash</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SettlementInCashMember" xlink:href="rwt-20210331.xsd#rwt_SettlementInCashMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SettlementInCashMember" xlink:to="lab_rwt_SettlementInCashMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ShortTermBorrowingAgreementMember_bf0d8c28-a167-4430-8c79-63c7aba55c06_terseLabel_en-US" xlink:label="lab_rwt_ShortTermBorrowingAgreementMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short Term Borrowing Agreement</link:label>
    <link:label id="lab_rwt_ShortTermBorrowingAgreementMember_label_en-US" xlink:label="lab_rwt_ShortTermBorrowingAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short Term Borrowing Agreement [Member]</link:label>
    <link:label id="lab_rwt_ShortTermBorrowingAgreementMember_documentation_en-US" xlink:label="lab_rwt_ShortTermBorrowingAgreementMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short Term Borrowing Agreement [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ShortTermBorrowingAgreementMember" xlink:href="rwt-20210331.xsd#rwt_ShortTermBorrowingAgreementMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ShortTermBorrowingAgreementMember" xlink:to="lab_rwt_ShortTermBorrowingAgreementMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue_ad322085-88fa-4cd0-9192-e08753e8d1d0_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair value of securities owned</link:label>
    <link:label id="lab_us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue_label_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Instruments, Owned, Principal Investments, at Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue" xlink:to="lab_us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueDisclosureItemAmountsDomain_c427cb0b-62f4-4432-a0dd-573ef745f45c_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueDisclosureItemAmountsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Measurement [Domain]</link:label>
    <link:label id="lab_us-gaap_FairValueDisclosureItemAmountsDomain_label_en-US" xlink:label="lab_us-gaap_FairValueDisclosureItemAmountsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Measurement [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosureItemAmountsDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain" xlink:to="lab_us-gaap_FairValueDisclosureItemAmountsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProceedsFromShortTermDebt_f111abee-bdc9-4e15-8058-6076bf1cfa23_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromShortTermDebt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from borrowings on short-term debt</link:label>
    <link:label id="lab_us-gaap_ProceedsFromShortTermDebt_label_en-US" xlink:label="lab_us-gaap_ProceedsFromShortTermDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from Short-term Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromShortTermDebt" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromShortTermDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromShortTermDebt" xlink:to="lab_us-gaap_ProceedsFromShortTermDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger_ed47ad4a-5677-4380-84f4-828fe895da06_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">12 Consecutive Months or Longer, Fair Value</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeLiabilitiesAbstract_e4527879-e515-4c45-b4ce-23b1e6275335_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liabilities</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilitiesAbstract_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Liability [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitiesAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilitiesAbstract" xlink:to="lab_us-gaap_DerivativeLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_CommitmentToFundPartnership_2d6c00cf-00b4-4473-9389-d7eee0e81355_terseLabel_en-US" xlink:label="lab_rwt_CommitmentToFundPartnership" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitment to fund partnership</link:label>
    <link:label id="lab_rwt_CommitmentToFundPartnership_label_en-US" xlink:label="lab_rwt_CommitmentToFundPartnership" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitment To Fund Partnership</link:label>
    <link:label id="lab_rwt_CommitmentToFundPartnership_documentation_en-US" xlink:label="lab_rwt_CommitmentToFundPartnership" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitment To Fund Partnership</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundPartnership" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundPartnership"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_CommitmentToFundPartnership" xlink:to="lab_rwt_CommitmentToFundPartnership" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationDeductions_c59b2db1-0355-4fc6-8f7c-394c221a058d_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationDeductions" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Differences in taxable (loss) income from GAAP income</link:label>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationDeductions_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationDeductions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Deduction, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductions" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationDeductions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductions" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateReconciliationDeductions" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery_58cc0bf2-31a7-4426-a1e6-5b0f8c91e520_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reduction to allowance for securities we intend to sell or more likely than not will be required to sell</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss, Sell before Recovery</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestAndFeeIncomeLoansAndLeases_6c26a33d-f673-43b9-8f0b-596d661bc83a_terseLabel_en-US" xlink:label="lab_us-gaap_InterestAndFeeIncomeLoansAndLeases" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan extension fees</link:label>
    <link:label id="lab_us-gaap_InterestAndFeeIncomeLoansAndLeases_label_en-US" xlink:label="lab_us-gaap_InterestAndFeeIncomeLoansAndLeases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest and Fee Income, Loans and Leases</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndFeeIncomeLoansAndLeases" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansAndLeases"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestAndFeeIncomeLoansAndLeases" xlink:to="lab_us-gaap_InterestAndFeeIncomeLoansAndLeases" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ResidentialLoansHeldAtRedwoodMember_0734239e-7190-4556-8b5d-ab819e281c90_terseLabel_en-US" xlink:label="lab_rwt_ResidentialLoansHeldAtRedwoodMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential loans at Redwood</link:label>
    <link:label id="lab_rwt_ResidentialLoansHeldAtRedwoodMember_label_en-US" xlink:label="lab_rwt_ResidentialLoansHeldAtRedwoodMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans Held At Redwood [Member]</link:label>
    <link:label id="lab_rwt_ResidentialLoansHeldAtRedwoodMember_documentation_en-US" xlink:label="lab_rwt_ResidentialLoansHeldAtRedwoodMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans Held At Redwood [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldAtRedwoodMember" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldAtRedwoodMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ResidentialLoansHeldAtRedwoodMember" xlink:to="lab_rwt_ResidentialLoansHeldAtRedwoodMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_5f0e636f-a9a3-467d-8221-68869daaf5d4_terseLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net effect of dilutive equity awards (in shares)</link:label>
    <link:label id="lab_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_label_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Number Diluted Shares Outstanding Adjustment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:to="lab_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ServicerAdvanceInvestments_df1334d7-db66-48c5-9b9c-89a0375fe1f1_terseLabel_en-US" xlink:label="lab_rwt_ServicerAdvanceInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicer advance investments</link:label>
    <link:label id="lab_rwt_ServicerAdvanceInvestments_label_en-US" xlink:label="lab_rwt_ServicerAdvanceInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicer Advance Investments</link:label>
    <link:label id="lab_rwt_ServicerAdvanceInvestments_documentation_en-US" xlink:label="lab_rwt_ServicerAdvanceInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicer Advance Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceInvestments" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ServicerAdvanceInvestments" xlink:to="lab_rwt_ServicerAdvanceInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodValueAcquisitions_d19d7b42-5eae-4224-9177-d5d8520e71e6_terseLabel_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodValueAcquisitions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issuance of common stock for 5 Arches acquisition</link:label>
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodValueAcquisitions_label_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodValueAcquisitions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Issued During Period, Value, Acquisitions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueAcquisitions" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueAcquisitions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockIssuedDuringPeriodValueAcquisitions" xlink:to="lab_us-gaap_StockIssuedDuringPeriodValueAcquisitions" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_PrincipalBalanceofLoansSoldDuringPeriod_0ad7e1a9-f6fd-4b1f-b80f-882794a10348_terseLabel_en-US" xlink:label="lab_rwt_PrincipalBalanceofLoansSoldDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal balance of loans sold</link:label>
    <link:label id="lab_rwt_PrincipalBalanceofLoansSoldDuringPeriod_label_en-US" xlink:label="lab_rwt_PrincipalBalanceofLoansSoldDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal Balance of Loans Sold During Period</link:label>
    <link:label id="lab_rwt_PrincipalBalanceofLoansSoldDuringPeriod_documentation_en-US" xlink:label="lab_rwt_PrincipalBalanceofLoansSoldDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal Balance of Loans Sold During Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PrincipalBalanceofLoansSoldDuringPeriod" xlink:href="rwt-20210331.xsd#rwt_PrincipalBalanceofLoansSoldDuringPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_PrincipalBalanceofLoansSoldDuringPeriod" xlink:to="lab_rwt_PrincipalBalanceofLoansSoldDuringPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeStatementLocationDomain_a465b7a9-d508-4ed2-86a5-41c039e030dc_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income Statement Location [Domain]</link:label>
    <link:label id="lab_us-gaap_IncomeStatementLocationDomain_label_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income Statement Location [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementLocationDomain" xlink:to="lab_us-gaap_IncomeStatementLocationDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FutureMember_2dd5691a-9752-46db-9150-b7a845eda3d0_terseLabel_en-US" xlink:label="lab_us-gaap_FutureMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Futures</link:label>
    <link:label id="lab_us-gaap_FutureMember_18d572ab-863b-44c5-8e2b-6f79f3b8a458_verboseLabel_en-US" xlink:label="lab_us-gaap_FutureMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest rate futures</link:label>
    <link:label id="lab_us-gaap_FutureMember_label_en-US" xlink:label="lab_us-gaap_FutureMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Future [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FutureMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FutureMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FutureMember" xlink:to="lab_us-gaap_FutureMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_3cb3cda5-c5e7-440b-abae-d69129c36fd7_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2023</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lessee, Operating Lease, Liability, to be Paid, Year Two</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain_9e7bc280-af5c-4499-8ab7-2578cca66a29_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred Bonus and Profit Sharing Arrangement, Individual Contract, Type of Deferred Compensation [Domain]</link:label>
    <link:label id="lab_us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain_label_en-US" xlink:label="lab_us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred Bonus and Profit Sharing Arrangement, Individual Contract, Type of Deferred Compensation [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain" xlink:to="lab_us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_WholeLoanSpreadToTBAPriceMember_9baf4951-487a-4fbb-bd9f-872acd1f7862_terseLabel_en-US" xlink:label="lab_rwt_WholeLoanSpreadToTBAPriceMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Whole Loan Spread to TBA Price</link:label>
    <link:label id="lab_rwt_WholeLoanSpreadToTBAPriceMember_label_en-US" xlink:label="lab_rwt_WholeLoanSpreadToTBAPriceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Whole Loan Spread to TBA Price [Member]</link:label>
    <link:label id="lab_rwt_WholeLoanSpreadToTBAPriceMember_documentation_en-US" xlink:label="lab_rwt_WholeLoanSpreadToTBAPriceMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Whole Loan Spread to TBA Price</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_WholeLoanSpreadToTBAPriceMember" xlink:href="rwt-20210331.xsd#rwt_WholeLoanSpreadToTBAPriceMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_WholeLoanSpreadToTBAPriceMember" xlink:to="lab_rwt_WholeLoanSpreadToTBAPriceMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_2f6754d0-5ed8-4ad3-8173-24e06a30739a_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Flows From Financing Activities:</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_NumberOfFacilities_5fd18f71-3d4c-469a-bedb-8412acc695ea_terseLabel_en-US" xlink:label="lab_rwt_NumberOfFacilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of Facilities</link:label>
    <link:label id="lab_rwt_NumberOfFacilities_label_en-US" xlink:label="lab_rwt_NumberOfFacilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of Facilities</link:label>
    <link:label id="lab_rwt_NumberOfFacilities_documentation_en-US" xlink:label="lab_rwt_NumberOfFacilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of Facilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfFacilities" xlink:href="rwt-20210331.xsd#rwt_NumberOfFacilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_NumberOfFacilities" xlink:to="lab_rwt_NumberOfFacilities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities_5b281219-55c0-41fa-8b9b-ef11c8f854e7_terseLabel_en-US" xlink:label="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments</link:label>
    <link:label id="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities_label_en-US" xlink:label="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities" xlink:to="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis_d89dfad2-0b68-4f04-a546-6fde6a7d4073_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred Bonus and Profit Sharing Arrangements, Individual Contracts, Type of Deferred Compensation [Axis]</link:label>
    <link:label id="lab_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis_label_en-US" xlink:label="lab_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred Bonus and Profit Sharing Arrangements, Individual Contracts, Type of Deferred Compensation [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis" xlink:to="lab_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashCollateralForBorrowedSecurities_b76a2d50-98fb-4497-990b-44b5eae2747e_terseLabel_en-US" xlink:label="lab_us-gaap_CashCollateralForBorrowedSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash</link:label>
    <link:label id="lab_us-gaap_CashCollateralForBorrowedSecurities_label_en-US" xlink:label="lab_us-gaap_CashCollateralForBorrowedSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Collateral for Borrowed Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCollateralForBorrowedSecurities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashCollateralForBorrowedSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashCollateralForBorrowedSecurities" xlink:to="lab_us-gaap_CashCollateralForBorrowedSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ResidentialLoanSellerDemandsMember_abb086ed-4b2e-4e54-9e3a-71f7d460de94_terseLabel_en-US" xlink:label="lab_rwt_ResidentialLoanSellerDemandsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loan Seller Demands</link:label>
    <link:label id="lab_rwt_ResidentialLoanSellerDemandsMember_label_en-US" xlink:label="lab_rwt_ResidentialLoanSellerDemandsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loan Seller Demands [Member]</link:label>
    <link:label id="lab_rwt_ResidentialLoanSellerDemandsMember_documentation_en-US" xlink:label="lab_rwt_ResidentialLoanSellerDemandsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loan Seller Demands</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoanSellerDemandsMember" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoanSellerDemandsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ResidentialLoanSellerDemandsMember" xlink:to="lab_rwt_ResidentialLoanSellerDemandsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_092a8d1a-788a-493e-ba6d-860d0b36684d_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2024</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lessee, Operating Lease, Liability, to be Paid, Year Three</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PlanNameAxis_0f0fd4eb-9730-47d9-9360-b568529d8a44_terseLabel_en-US" xlink:label="lab_us-gaap_PlanNameAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Plan Name [Axis]</link:label>
    <link:label id="lab_us-gaap_PlanNameAxis_label_en-US" xlink:label="lab_us-gaap_PlanNameAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Plan Name [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PlanNameAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PlanNameAxis" xlink:to="lab_us-gaap_PlanNameAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_BalanceSheetNettingPolicyTextBlock_086e767a-3e1f-4ebc-84bc-656202aa33ec_terseLabel_en-US" xlink:label="lab_rwt_BalanceSheetNettingPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance Sheet Netting</link:label>
    <link:label id="lab_rwt_BalanceSheetNettingPolicyTextBlock_label_en-US" xlink:label="lab_rwt_BalanceSheetNettingPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance Sheet Netting [Policy Text Block]</link:label>
    <link:label id="lab_rwt_BalanceSheetNettingPolicyTextBlock_documentation_en-US" xlink:label="lab_rwt_BalanceSheetNettingPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance Sheet Netting</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BalanceSheetNettingPolicyTextBlock" xlink:href="rwt-20210331.xsd#rwt_BalanceSheetNettingPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_BalanceSheetNettingPolicyTextBlock" xlink:to="lab_rwt_BalanceSheetNettingPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_fdbed405-de6b-409f-82f1-26ae3b8ba15f_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash and Cash Equivalents, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:to="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GainLossOnSaleOfInvestments_1d83e02e-5b14-4f00-b603-35c515cdf145_negatedLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfInvestments" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Realized gains, net</link:label>
    <link:label id="lab_us-gaap_GainLossOnSaleOfInvestments_label_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain (Loss) on Sale of Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnSaleOfInvestments" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainLossOnSaleOfInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnSaleOfInvestments" xlink:to="lab_us-gaap_GainLossOnSaleOfInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_Assets_1faa57be-344c-4cdb-a912-97c72616e5bf_totalLabel_en-US" xlink:label="lab_us-gaap_Assets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Assets</link:label>
    <link:label id="lab_us-gaap_Assets_268be01f-17b7-445a-ac39-7b4064039f18_terseLabel_en-US" xlink:label="lab_us-gaap_Assets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets</link:label>
    <link:label id="lab_us-gaap_Assets_label_en-US" xlink:label="lab_us-gaap_Assets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Assets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Assets" xlink:to="lab_us-gaap_Assets" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SecuritiesMember_e9f9de97-0cf0-47ba-a660-4d7925fbaaf4_terseLabel_en-US" xlink:label="lab_rwt_SecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Securities</link:label>
    <link:label id="lab_rwt_SecuritiesMember_label_en-US" xlink:label="lab_rwt_SecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Securities [Member]</link:label>
    <link:label id="lab_rwt_SecuritiesMember_documentation_en-US" xlink:label="lab_rwt_SecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SecuritiesMember" xlink:href="rwt-20210331.xsd#rwt_SecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SecuritiesMember" xlink:to="lab_rwt_SecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_a1978394-e278-4071-9a01-31e7569294fb_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unvested outstanding stock awards (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ResidentialLoansMember_80891e27-b9ca-49fb-b41c-10a12cb955a1_terseLabel_en-US" xlink:label="lab_rwt_ResidentialLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential loans</link:label>
    <link:label id="lab_rwt_ResidentialLoansMember_label_en-US" xlink:label="lab_rwt_ResidentialLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans [Member]</link:label>
    <link:label id="lab_rwt_ResidentialLoansMember_documentation_en-US" xlink:label="lab_rwt_ResidentialLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansMember" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ResidentialLoansMember" xlink:to="lab_rwt_ResidentialLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ServicerAdvanceFinancingMember_30584063-0b88-4cf9-90ee-46ec36d820a7_terseLabel_en-US" xlink:label="lab_rwt_ServicerAdvanceFinancingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicer advance financing</link:label>
    <link:label id="lab_rwt_ServicerAdvanceFinancingMember_label_en-US" xlink:label="lab_rwt_ServicerAdvanceFinancingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicer Advance Financing [Member]</link:label>
    <link:label id="lab_rwt_ServicerAdvanceFinancingMember_documentation_en-US" xlink:label="lab_rwt_ServicerAdvanceFinancingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicer Advance Financing [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceFinancingMember" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceFinancingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ServicerAdvanceFinancingMember" xlink:to="lab_rwt_ServicerAdvanceFinancingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_BusinessPurposeResidentialLoansMember_936ea3a6-4b80-4b10-988a-4eb35299da60_netLabel_en-US" xlink:label="lab_rwt_BusinessPurposeResidentialLoansMember" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business purpose loans</link:label>
    <link:label id="lab_rwt_BusinessPurposeResidentialLoansMember_e8bf1cd5-98bc-4718-8d2b-7f4b6edc39ad_terseLabel_en-US" xlink:label="lab_rwt_BusinessPurposeResidentialLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Loans</link:label>
    <link:label id="lab_rwt_BusinessPurposeResidentialLoansMember_label_en-US" xlink:label="lab_rwt_BusinessPurposeResidentialLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Residential Loans [Member]</link:label>
    <link:label id="lab_rwt_BusinessPurposeResidentialLoansMember_documentation_en-US" xlink:label="lab_rwt_BusinessPurposeResidentialLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Residential Loans [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansMember" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_BusinessPurposeResidentialLoansMember" xlink:to="lab_rwt_BusinessPurposeResidentialLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_bae2f647-6350-429f-88fb-2005737d4335_terseLabel_en-US" xlink:label="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Antidilutive Securities [Axis]</link:label>
    <link:label id="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_label_en-US" xlink:label="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Antidilutive Securities [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" xlink:to="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_4ce71d7e-f05f-4a4e-bd47-468587796b02_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investments, Debt and Equity Securities [Abstract]</link:label>
    <link:label id="lab_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_label_en-US" xlink:label="lab_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investments, Debt and Equity Securities [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract" xlink:to="lab_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FreddieMacSLSTMember_35377ef6-9c1d-492b-aad9-93fd4d614f64_terseLabel_en-US" xlink:label="lab_rwt_FreddieMacSLSTMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Freddie Mac SLST</link:label>
    <link:label id="lab_rwt_FreddieMacSLSTMember_label_en-US" xlink:label="lab_rwt_FreddieMacSLSTMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Freddie Mac SLST [Member]</link:label>
    <link:label id="lab_rwt_FreddieMacSLSTMember_documentation_en-US" xlink:label="lab_rwt_FreddieMacSLSTMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Freddie Mac SLST [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTMember" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FreddieMacSLSTMember" xlink:to="lab_rwt_FreddieMacSLSTMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_f58f95c0-a0ea-4552-85e7-dbd83b999a51_terseLabel_en-US" xlink:label="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification out of Accumulated Other Comprehensive Income [Axis]</link:label>
    <link:label id="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_label_en-US" xlink:label="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification out of Accumulated Other Comprehensive Income [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:to="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_NumberOfAvailableForSaleSecurities_61b69c7b-df07-4d48-a012-d3bcc2b22372_terseLabel_en-US" xlink:label="lab_rwt_NumberOfAvailableForSaleSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of AFS securities (in investments)</link:label>
    <link:label id="lab_rwt_NumberOfAvailableForSaleSecurities_label_en-US" xlink:label="lab_rwt_NumberOfAvailableForSaleSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number Of Available for Sale Securities</link:label>
    <link:label id="lab_rwt_NumberOfAvailableForSaleSecurities_documentation_en-US" xlink:label="lab_rwt_NumberOfAvailableForSaleSecurities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number Of Available for Sale Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfAvailableForSaleSecurities" xlink:href="rwt-20210331.xsd#rwt_NumberOfAvailableForSaleSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_NumberOfAvailableForSaleSecurities" xlink:to="lab_rwt_NumberOfAvailableForSaleSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FederalHomeLoanBankStock_9ed0a6c8-709c-48e1-bdde-da90ca1905cc_verboseLabel_en-US" xlink:label="lab_us-gaap_FederalHomeLoanBankStock" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">FHLBC stock</link:label>
    <link:label id="lab_us-gaap_FederalHomeLoanBankStock_label_en-US" xlink:label="lab_us-gaap_FederalHomeLoanBankStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Federal Home Loan Bank Stock</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FederalHomeLoanBankStock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FederalHomeLoanBankStock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FederalHomeLoanBankStock" xlink:to="lab_us-gaap_FederalHomeLoanBankStock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinancingReceivablePortfolioSegmentDomain_ba401eca-6b10-4574-b65a-acd6e23bafc5_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivablePortfolioSegmentDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivable Portfolio Segment [Domain]</link:label>
    <link:label id="lab_us-gaap_FinancingReceivablePortfolioSegmentDomain_label_en-US" xlink:label="lab_us-gaap_FinancingReceivablePortfolioSegmentDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivable Portfolio Segment [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablePortfolioSegmentDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablePortfolioSegmentDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivablePortfolioSegmentDomain" xlink:to="lab_us-gaap_FinancingReceivablePortfolioSegmentDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_Liabilities_00df5215-ed2c-4e44-8ef4-55d929498cfb_totalLabel_en-US" xlink:label="lab_us-gaap_Liabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total liabilities</link:label>
    <link:label id="lab_us-gaap_Liabilities_bb920731-ed84-4295-9679-184a6d2f0f9c_terseLabel_en-US" xlink:label="lab_us-gaap_Liabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liabilities</link:label>
    <link:label id="lab_us-gaap_Liabilities_label_en-US" xlink:label="lab_us-gaap_Liabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Liabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Liabilities" xlink:to="lab_us-gaap_Liabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_TradingSecuritiesMember_ba11db8c-0f8a-41b8-b6df-373104824895_verboseLabel_en-US" xlink:label="lab_rwt_TradingSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading securities retained, at fair value</link:label>
    <link:label id="lab_rwt_TradingSecuritiesMember_dfe5e33d-94fd-4cd6-aa66-0cc3abfde89e_netLabel_en-US" xlink:label="lab_rwt_TradingSecuritiesMember" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading securities</link:label>
    <link:label id="lab_rwt_TradingSecuritiesMember_899c5328-6616-46cb-91d5-e97098fd4999_terseLabel_en-US" xlink:label="lab_rwt_TradingSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading securities</link:label>
    <link:label id="lab_rwt_TradingSecuritiesMember_label_en-US" xlink:label="lab_rwt_TradingSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading Securities1 [Member]</link:label>
    <link:label id="lab_rwt_TradingSecuritiesMember_documentation_en-US" xlink:label="lab_rwt_TradingSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TradingSecuritiesMember" xlink:href="rwt-20210331.xsd#rwt_TradingSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_TradingSecuritiesMember" xlink:to="lab_rwt_TradingSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestIncomeSecuritiesMortgageBacked_91691fcc-b256-4fd3-afa1-9d18562da574_terseLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeSecuritiesMortgageBacked" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real estate securities</link:label>
    <link:label id="lab_us-gaap_InterestIncomeSecuritiesMortgageBacked_label_en-US" xlink:label="lab_us-gaap_InterestIncomeSecuritiesMortgageBacked" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Income, Securities, Mortgage Backed</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeSecuritiesMortgageBacked" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeSecuritiesMortgageBacked"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestIncomeSecuritiesMortgageBacked" xlink:to="lab_us-gaap_InterestIncomeSecuritiesMortgageBacked" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock_99304aaf-9159-47dd-824a-c6adccfea7a5_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Investments</link:label>
    <link:label id="lab_us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock_label_en-US" xlink:label="lab_us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investments and Other Noncurrent Assets [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock" xlink:to="lab_us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MarginPayableFairValueDisclosure_bec43d51-3f46-41bd-9b73-0ce3d268c5f5_terseLabel_en-US" xlink:label="lab_rwt_MarginPayableFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Margin payable</link:label>
    <link:label id="lab_rwt_MarginPayableFairValueDisclosure_label_en-US" xlink:label="lab_rwt_MarginPayableFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Margin Payable, Fair Value Disclosure</link:label>
    <link:label id="lab_rwt_MarginPayableFairValueDisclosure_documentation_en-US" xlink:label="lab_rwt_MarginPayableFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Margin Payable, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MarginPayableFairValueDisclosure" xlink:href="rwt-20210331.xsd#rwt_MarginPayableFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MarginPayableFairValueDisclosure" xlink:to="lab_rwt_MarginPayableFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_4f887ceb-0d64-4ebc-81d4-fa72d8bf23eb_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Less: Imputed interest</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lessee, Operating Lease, Liability, Undiscounted Excess Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee_5177dcb7-1a22-454b-ab53-733199678c76_terseLabel_en-US" xlink:label="lab_rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of shares purchased by employees (in shares)</link:label>
    <link:label id="lab_rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee_label_en-US" xlink:label="lab_rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee Stock Purchase Plan, Number of Shares Purchased by Employee</link:label>
    <link:label id="lab_rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee_documentation_en-US" xlink:label="lab_rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amount of shares of common stock purchased by employees under the Employee Stock Purchase Plan in the current period.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee" xlink:href="rwt-20210331.xsd#rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee" xlink:to="lab_rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RealEstateAcquiredThroughForeclosure_4e00d721-7625-4d13-862e-1de1bdafe6f7_verboseLabel_en-US" xlink:label="lab_us-gaap_RealEstateAcquiredThroughForeclosure" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">REO</link:label>
    <link:label id="lab_us-gaap_RealEstateAcquiredThroughForeclosure_73726570-8bff-4832-944a-02f135ee1b7d_periodStartLabel_en-US" xlink:label="lab_us-gaap_RealEstateAcquiredThroughForeclosure" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance at beginning of period&#160;</link:label>
    <link:label id="lab_us-gaap_RealEstateAcquiredThroughForeclosure_8c8a4369-0157-4a2e-8057-704e420e0a2c_periodEndLabel_en-US" xlink:label="lab_us-gaap_RealEstateAcquiredThroughForeclosure" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance at End of Period</link:label>
    <link:label id="lab_us-gaap_RealEstateAcquiredThroughForeclosure_label_en-US" xlink:label="lab_us-gaap_RealEstateAcquiredThroughForeclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Acquired Through Foreclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAcquiredThroughForeclosure" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateAcquiredThroughForeclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealEstateAcquiredThroughForeclosure" xlink:to="lab_us-gaap_RealEstateAcquiredThroughForeclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_c7a0a928-f7ab-43bc-97ff-e8c6bd7f8ba8_terseLabel_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitments and Contingencies Disclosure [Abstract]</link:label>
    <link:label id="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_label_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitments and Contingencies Disclosure [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueInputsLevel1Member_93fdf74e-de4b-4229-8f73-dca3089f936d_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Level 1</link:label>
    <link:label id="lab_us-gaap_FairValueInputsLevel1Member_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Inputs, Level 1 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel1Member" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel1Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel1Member" xlink:to="lab_us-gaap_FairValueInputsLevel1Member" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_44ccae67-6018-44e3-9c42-fba94cea4ddb_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Accounts, Notes, Loans and Financing Receivable [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Accounts, Notes, Loans and Financing Receivable [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:to="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtWeightedAverageInterestRate_d6b33891-a8d7-473d-b64a-531dd2e4a1e8_terseLabel_en-US" xlink:label="lab_us-gaap_DebtWeightedAverageInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Range of weighted average interest rates, by series</link:label>
    <link:label id="lab_us-gaap_DebtWeightedAverageInterestRate_label_en-US" xlink:label="lab_us-gaap_DebtWeightedAverageInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt, Weighted Average Interest Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtWeightedAverageInterestRate" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtWeightedAverageInterestRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtWeightedAverageInterestRate" xlink:to="lab_us-gaap_DebtWeightedAverageInterestRate" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeLiabilityFairValueGrossAsset_6a2629fd-4741-4402-8dd5-bfc1b3d6c4f3_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityFairValueGrossAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Amounts Offset in Consolidated Balance Sheet</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilityFairValueGrossAsset_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityFairValueGrossAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Liability, Fair Value, Gross Asset</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilityFairValueGrossAsset" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilityFairValueGrossAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilityFairValueGrossAsset" xlink:to="lab_us-gaap_DerivativeLiabilityFairValueGrossAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months_60850801-b3d4-4c48-831f-8f04222a713f_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Less Than 12 Consecutive Months, Fair Value</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SeniorCreditSpreadMember_150c16a4-1306-44ff-a385-93fd1bb38804_terseLabel_en-US" xlink:label="lab_rwt_SeniorCreditSpreadMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior credit spread</link:label>
    <link:label id="lab_rwt_SeniorCreditSpreadMember_label_en-US" xlink:label="lab_rwt_SeniorCreditSpreadMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior Credit Spread [Member]</link:label>
    <link:label id="lab_rwt_SeniorCreditSpreadMember_documentation_en-US" xlink:label="lab_rwt_SeniorCreditSpreadMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior Credit Spread [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorCreditSpreadMember" xlink:href="rwt-20210331.xsd#rwt_SeniorCreditSpreadMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SeniorCreditSpreadMember" xlink:to="lab_rwt_SeniorCreditSpreadMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ServicingAssetAtFairValueAmount_9944fce7-3e1d-4bf6-9ad5-154fbf136250_netLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtFairValueAmount" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">MSRs</link:label>
    <link:label id="lab_us-gaap_ServicingAssetAtFairValueAmount_79419c2c-521c-40b3-91b7-f1b17e4a36d0_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtFairValueAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing asset, fair value</link:label>
    <link:label id="lab_us-gaap_ServicingAssetAtFairValueAmount_c4e86f6c-643b-4c67-b0cd-034472a8bed7_totalLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtFairValueAmount" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Servicer Advance Receivables</link:label>
    <link:label id="lab_us-gaap_ServicingAssetAtFairValueAmount_label_en-US" xlink:label="lab_us-gaap_ServicingAssetAtFairValueAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Asset at Fair Value, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAssetAtFairValueAmount" xlink:to="lab_us-gaap_ServicingAssetAtFairValueAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AdditionalPaidInCapitalMember_925cae68-dfee-4913-a144-d1f03ebd51f0_terseLabel_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapitalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additional Paid-In Capital</link:label>
    <link:label id="lab_us-gaap_AdditionalPaidInCapitalMember_label_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additional Paid-in Capital [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdditionalPaidInCapitalMember" xlink:to="lab_us-gaap_AdditionalPaidInCapitalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestIncomeExpenseNet_6eb6f335-bfac-4c34-aba9-57ce8cb16920_totalLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeExpenseNet" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Interest Income</link:label>
    <link:label id="lab_us-gaap_InterestIncomeExpenseNet_label_en-US" xlink:label="lab_us-gaap_InterestIncomeExpenseNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Income (Expense), Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeExpenseNet" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeExpenseNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestIncomeExpenseNet" xlink:to="lab_us-gaap_InterestIncomeExpenseNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_aade57ff-2988-4b1f-be52-0071b70cb211_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets</link:label>
    <link:label id="lab_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_label_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract" xlink:to="lab_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherAssets_4bd4e50b-9c70-4d2b-929b-2dbdaa0a8b46_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other assets</link:label>
    <link:label id="lab_us-gaap_OtherAssets_914c80f4-f55b-4412-bd83-80a31b7f3a58_totalLabel_en-US" xlink:label="lab_us-gaap_OtherAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Other Assets</link:label>
    <link:label id="lab_us-gaap_OtherAssets_label_en-US" xlink:label="lab_us-gaap_OtherAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssets" xlink:to="lab_us-gaap_OtherAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_StockholdersEquityNoteTable_b3422051-93fc-4977-946d-0a683034c3c9_terseLabel_en-US" xlink:label="lab_rwt_StockholdersEquityNoteTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stockholders Equity Note [Table]</link:label>
    <link:label id="lab_rwt_StockholdersEquityNoteTable_label_en-US" xlink:label="lab_rwt_StockholdersEquityNoteTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stockholders Equity Note [Table]</link:label>
    <link:label id="lab_rwt_StockholdersEquityNoteTable_documentation_en-US" xlink:label="lab_rwt_StockholdersEquityNoteTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stockholders Equity Note [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockholdersEquityNoteTable" xlink:href="rwt-20210331.xsd#rwt_StockholdersEquityNoteTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_StockholdersEquityNoteTable" xlink:to="lab_rwt_StockholdersEquityNoteTable" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MultifamilyLoansMember_5bcaf3f6-803e-4e0c-a5ef-9e91fef1820d_verboseLabel_en-US" xlink:label="lab_rwt_MultifamilyLoansMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Multifamily loans</link:label>
    <link:label id="lab_rwt_MultifamilyLoansMember_f3b25ec8-d7ff-4279-b427-0dba813d42f7_terseLabel_en-US" xlink:label="lab_rwt_MultifamilyLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Multifamily loans, held-for-investment, at fair value</link:label>
    <link:label id="lab_rwt_MultifamilyLoansMember_label_en-US" xlink:label="lab_rwt_MultifamilyLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Multifamily Loans [Member]</link:label>
    <link:label id="lab_rwt_MultifamilyLoansMember_documentation_en-US" xlink:label="lab_rwt_MultifamilyLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Multifamily Loans [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansMember" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MultifamilyLoansMember" xlink:to="lab_rwt_MultifamilyLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueByAssetClassAxis_de16251a-4b7e-42ab-90ed-56760b664952_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByAssetClassAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Asset Class [Axis]</link:label>
    <link:label id="lab_us-gaap_FairValueByAssetClassAxis_label_en-US" xlink:label="lab_us-gaap_FairValueByAssetClassAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Asset Class [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByAssetClassAxis" xlink:to="lab_us-gaap_FairValueByAssetClassAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_5039d5c0-ca08-4bd5-aa8e-9a969b874af5_terseLabel_en-US" xlink:label="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan warehouse debt and Security repurchase agreement</link:label>
    <link:label id="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_label_en-US" xlink:label="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Securities Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract" xlink:to="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SharesIssued_74596b6e-0c0f-435c-af1d-96320c5e2541_periodStartLabel_en-US" xlink:label="lab_us-gaap_SharesIssued" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Beginning balance (in shares)</link:label>
    <link:label id="lab_us-gaap_SharesIssued_dda2fa4f-c30a-4527-aa8d-30273615176d_periodEndLabel_en-US" xlink:label="lab_us-gaap_SharesIssued" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ending balance (in shares)</link:label>
    <link:label id="lab_us-gaap_SharesIssued_label_en-US" xlink:label="lab_us-gaap_SharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Shares, Issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharesIssued" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharesIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SharesIssued" xlink:to="lab_us-gaap_SharesIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ServicingAssetsAtFairValueEscrowAdvances_aaf90ece-8052-4b7b-8ffe-eb9ef59bbb8e_terseLabel_en-US" xlink:label="lab_rwt_ServicingAssetsAtFairValueEscrowAdvances" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Escrow advances (taxes and insurance advances)</link:label>
    <link:label id="lab_rwt_ServicingAssetsAtFairValueEscrowAdvances_label_en-US" xlink:label="lab_rwt_ServicingAssetsAtFairValueEscrowAdvances" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Assets At Fair Value, Escrow Advances</link:label>
    <link:label id="lab_rwt_ServicingAssetsAtFairValueEscrowAdvances_documentation_en-US" xlink:label="lab_rwt_ServicingAssetsAtFairValueEscrowAdvances" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Assets At Fair Value, Escrow Advances</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetsAtFairValueEscrowAdvances" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetsAtFairValueEscrowAdvances"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ServicingAssetsAtFairValueEscrowAdvances" xlink:to="lab_rwt_ServicingAssetsAtFairValueEscrowAdvances" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommonStockSharesOutstanding_d66c8df3-7e3d-4154-8d36-32a08a30a249_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common stock, outstanding (shares)</link:label>
    <link:label id="lab_us-gaap_CommonStockSharesOutstanding_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common Stock, Shares, Outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockSharesOutstanding" xlink:to="lab_us-gaap_CommonStockSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeTaxDisclosureAbstract_9cd8fa04-5343-4287-a08d-191bad8daeb2_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income Tax Disclosure [Abstract]</link:label>
    <link:label id="lab_us-gaap_IncomeTaxDisclosureAbstract_label_en-US" xlink:label="lab_us-gaap_IncomeTaxDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income Tax Disclosure [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract" xlink:to="lab_us-gaap_IncomeTaxDisclosureAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember_983d8c99-8ab5-4fb9-a4c0-c6e1af7dbfb7_terseLabel_en-US" xlink:label="lab_rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Jumbo fixed-rate loans</link:label>
    <link:label id="lab_rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember_label_en-US" xlink:label="lab_rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans Priced To Securitization and Whole Loan Market, Uncommitted to Sell [Member]</link:label>
    <link:label id="lab_rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember_documentation_en-US" xlink:label="lab_rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans Priced To Securitization and Whole Loan Market, Uncommitted to Sell [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember" xlink:to="lab_rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis_35704487-b3f9-4cda-adcd-8d8a0a5f85ed_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repurchase Agreements and Similar Transactions, Maturity Periods [Axis]</link:label>
    <link:label id="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis_label_en-US" xlink:label="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repurchase Agreements and Similar Transactions, Maturity Periods [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis" xlink:to="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_7651b5a6-cc2e-4512-8999-ae935e68193c_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principles of Consolidation</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Variable Interest Entity Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityDisclosureTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityDisclosureTextBlock" xlink:to="lab_us-gaap_VariableInterestEntityDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShortTermDebtLineItems_ce85e96a-d6a5-4379-ab4f-9d11b739d1fb_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermDebtLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term Debt [Line Items]</link:label>
    <link:label id="lab_us-gaap_ShortTermDebtLineItems_label_en-US" xlink:label="lab_us-gaap_ShortTermDebtLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term Debt [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermDebtLineItems" xlink:to="lab_us-gaap_ShortTermDebtLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember_dfefe77f-361b-4d33-a57c-6cc5ea7a1815_terseLabel_en-US" xlink:label="lab_rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Income</link:label>
    <link:label id="lab_rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember_label_en-US" xlink:label="lab_rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Servicing Rights Income (Loss), Including Risk Management Derivatives [Member]</link:label>
    <link:label id="lab_rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember_documentation_en-US" xlink:label="lab_rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Servicing Rights Income (Loss), Including Risk Management Derivatives [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember" xlink:to="lab_rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral_1e51f9f3-ec27-4a6e-9c63-5b56c69783f8_terseLabel_en-US" xlink:label="lab_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other assets</link:label>
    <link:label id="lab_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral_label_en-US" xlink:label="lab_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted Cash and Other Assets Pledged as Collateral</link:label>
    <link:label id="lab_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral_documentation_en-US" xlink:label="lab_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted Cash and Other Assets Pledged as Collateral</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral" xlink:href="rwt-20210331.xsd#rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral" xlink:to="lab_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member_10fe12e3-e755-42fd-bd4c-df4678c5a186_terseLabel_en-US" xlink:label="lab_rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recourse BPL Financing, Facility A</link:label>
    <link:label id="lab_rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member_label_en-US" xlink:label="lab_rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recourse Business Purpose Loan Financing Facility Through September 2023 [Member]</link:label>
    <link:label id="lab_rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member_documentation_en-US" xlink:label="lab_rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recourse Business Purpose Loan Financing Facility Through September 2023</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member" xlink:href="rwt-20210331.xsd#rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member" xlink:to="lab_rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_62571da6-7800-475e-b2b1-7ef607b9e895_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Credit Reserve</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_f1793cd6-a002-4675-950a-9a94c824ea07_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rollforward of Allowance for Credit Losses</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommonStockSharesAuthorized_f1e28c30-16d9-49b1-b567-017125a861c5_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockSharesAuthorized" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common stock, shares authorized (shares)</link:label>
    <link:label id="lab_us-gaap_CommonStockSharesAuthorized_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesAuthorized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common Stock, Shares Authorized</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesAuthorized" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockSharesAuthorized"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockSharesAuthorized" xlink:to="lab_us-gaap_CommonStockSharesAuthorized" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentGross_a9f34e9d-8f53-42a2-a746-b3b2be639cef_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentGross" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fixed assets</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentGross_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, Plant and Equipment, Gross</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentGross" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentGross" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentGross" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_ba5c20a8-6e88-4e2a-bb3f-acd6729a6349_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Segment Financial Information</link:label>
    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Segment Reporting Information, by Segment [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:to="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_PaymentsForServicingAdvanceInvestments_4ab6d9d6-b647-484b-ab5a-9bdb33a07812_negatedLabel_en-US" xlink:label="lab_rwt_PaymentsForServicingAdvanceInvestments" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Purchases of servicer advance investments</link:label>
    <link:label id="lab_rwt_PaymentsForServicingAdvanceInvestments_label_en-US" xlink:label="lab_rwt_PaymentsForServicingAdvanceInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments For Servicing Advance Investments</link:label>
    <link:label id="lab_rwt_PaymentsForServicingAdvanceInvestments_documentation_en-US" xlink:label="lab_rwt_PaymentsForServicingAdvanceInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments For Servicing Advance Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PaymentsForServicingAdvanceInvestments" xlink:href="rwt-20210331.xsd#rwt_PaymentsForServicingAdvanceInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_PaymentsForServicingAdvanceInvestments" xlink:to="lab_rwt_PaymentsForServicingAdvanceInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities_22947e08-6733-44cd-bce0-5aecaf7fbadd_terseLabel_en-US" xlink:label="lab_rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net settlements of derivatives</link:label>
    <link:label id="lab_rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities_label_en-US" xlink:label="lab_rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments For (Proceeds From) Derivative Instrument Operating Activities</link:label>
    <link:label id="lab_rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities_documentation_en-US" xlink:label="lab_rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">The net cash outflow or inflow from derivative instruments during the period, which are classified as operating activities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities" xlink:href="rwt-20210331.xsd#rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities" xlink:to="lab_rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses_72e13030-4074-42a8-a585-f02f2861dabb_terseLabel_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">10% higher losses</link:label>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses_label_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 10 Percent Adverse Change in Expected Credit Losses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses" xlink:to="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RealEstateSecuritiesPrimeMezzanineMember_5caea6a0-5236-4978-bbde-dce1f944f731_terseLabel_en-US" xlink:label="lab_rwt_RealEstateSecuritiesPrimeMezzanineMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mezzanine</link:label>
    <link:label id="lab_rwt_RealEstateSecuritiesPrimeMezzanineMember_label_en-US" xlink:label="lab_rwt_RealEstateSecuritiesPrimeMezzanineMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Securities, Prime Mezzanine [Member]</link:label>
    <link:label id="lab_rwt_RealEstateSecuritiesPrimeMezzanineMember_documentation_en-US" xlink:label="lab_rwt_RealEstateSecuritiesPrimeMezzanineMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Securities, Prime Mezzanine [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesPrimeMezzanineMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember" xlink:to="lab_rwt_RealEstateSecuritiesPrimeMezzanineMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeStatementAbstract_c5d6ba49-98fa-4981-8243-b40cd049c084_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income Statement [Abstract]</link:label>
    <link:label id="lab_us-gaap_IncomeStatementAbstract_label_en-US" xlink:label="lab_us-gaap_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income Statement [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementAbstract" xlink:to="lab_us-gaap_IncomeStatementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_d9492077-a3f8-462a-a41e-a9fec5cc1a77_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss)</link:label>
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_label_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">AOCI Attributable to Parent [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:to="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RedwoodTrustInc.Member_851f93e0-f8e1-4ef2-b8b4-ee2e61ff3ef1_terseLabel_en-US" xlink:label="lab_rwt_RedwoodTrustInc.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Redwood</link:label>
    <link:label id="lab_rwt_RedwoodTrustInc.Member_label_en-US" xlink:label="lab_rwt_RedwoodTrustInc.Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Redwood Trust Inc. [Member]</link:label>
    <link:label id="lab_rwt_RedwoodTrustInc.Member_documentation_en-US" xlink:label="lab_rwt_RedwoodTrustInc.Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Redwood Trust Inc. [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RedwoodTrustInc.Member" xlink:href="rwt-20210331.xsd#rwt_RedwoodTrustInc.Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RedwoodTrustInc.Member" xlink:to="lab_rwt_RedwoodTrustInc.Member" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestReceivable_d01b3e06-aeb4-405f-8b70-59ef72a49ce7_terseLabel_en-US" xlink:label="lab_us-gaap_InterestReceivable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued interest receivable</link:label>
    <link:label id="lab_us-gaap_InterestReceivable_label_en-US" xlink:label="lab_us-gaap_InterestReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestReceivable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestReceivable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestReceivable" xlink:to="lab_us-gaap_InterestReceivable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_62c96ded-6b11-4a65-8b4c-4ab54b12b3e4_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Segment Reporting Information, by Segment [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Segment Reporting Information, by Segment [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:to="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_4afc236d-6170-46a6-96d0-a4bb1cfa6f82_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Variable Interest Entity, Primary Beneficiary</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Variable Interest Entity, Primary Beneficiary [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:to="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_ccef33f2-0cfc-4a9f-a314-7686d79513f1_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Acquisitions</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_eeaef37c-999d-4e97-afa1-859db3dc9b40_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unamortized Deferred Issuance Costs / Discount</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" xlink:to="lab_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_UseOfEstimates_ae9dc8d4-b641-4467-8875-ec9682614f14_terseLabel_en-US" xlink:label="lab_us-gaap_UseOfEstimates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Use of Estimates</link:label>
    <link:label id="lab_us-gaap_UseOfEstimates_label_en-US" xlink:label="lab_us-gaap_UseOfEstimates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Use of Estimates, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UseOfEstimates" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UseOfEstimates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UseOfEstimates" xlink:to="lab_us-gaap_UseOfEstimates" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RepreformingLoansSecuritiesMember_90dce3df-b9f8-4de6-b5ba-81ae7f9853ab_terseLabel_en-US" xlink:label="lab_rwt_RepreformingLoansSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">RPL securities</link:label>
    <link:label id="lab_rwt_RepreformingLoansSecuritiesMember_label_en-US" xlink:label="lab_rwt_RepreformingLoansSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Re-preforming Loans Securities [Member]</link:label>
    <link:label id="lab_rwt_RepreformingLoansSecuritiesMember_documentation_en-US" xlink:label="lab_rwt_RepreformingLoansSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Re-preforming Loans Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RepreformingLoansSecuritiesMember" xlink:href="rwt-20210331.xsd#rwt_RepreformingLoansSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RepreformingLoansSecuritiesMember" xlink:to="lab_rwt_RepreformingLoansSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock_55856d71-99b7-4f18-91fe-3d60932dcd24_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Finite-Lived Intangible Assets</link:label>
    <link:label id="lab_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" xlink:to="lab_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_InterestOnlyStripAndSeniorSecuritiesMember_58e09040-7a87-4fb2-8285-dad0732c4fc2_terseLabel_en-US" xlink:label="lab_rwt_InterestOnlyStripAndSeniorSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest-only, senior and subordinate securities, classified as trading</link:label>
    <link:label id="lab_rwt_InterestOnlyStripAndSeniorSecuritiesMember_label_en-US" xlink:label="lab_rwt_InterestOnlyStripAndSeniorSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Only Strip And Senior Securities [Member]</link:label>
    <link:label id="lab_rwt_InterestOnlyStripAndSeniorSecuritiesMember_documentation_en-US" xlink:label="lab_rwt_InterestOnlyStripAndSeniorSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Only Strip And Senior Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestOnlyStripAndSeniorSecuritiesMember" xlink:href="rwt-20210331.xsd#rwt_InterestOnlyStripAndSeniorSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_InterestOnlyStripAndSeniorSecuritiesMember" xlink:to="lab_rwt_InterestOnlyStripAndSeniorSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1_bb3bd376-48ea-441f-beda-409d946fd8f2_terseLabel_en-US" xlink:label="lab_us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfers from loans held-for-investment to loans held-for-sale</link:label>
    <link:label id="lab_us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1_label_en-US" xlink:label="lab_us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfer of Portfolio Loans and Leases to Held-for-sale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1" xlink:to="lab_us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ServicingAssetExpectedRemainingLife_a1f9b652-af1c-4899-98f6-9e6631fcfc3c_terseLabel_en-US" xlink:label="lab_rwt_ServicingAssetExpectedRemainingLife" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expected remaining life</link:label>
    <link:label id="lab_rwt_ServicingAssetExpectedRemainingLife_label_en-US" xlink:label="lab_rwt_ServicingAssetExpectedRemainingLife" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Asset, Expected Remaining Life</link:label>
    <link:label id="lab_rwt_ServicingAssetExpectedRemainingLife_documentation_en-US" xlink:label="lab_rwt_ServicingAssetExpectedRemainingLife" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Asset, Expected Remaining Life</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetExpectedRemainingLife" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetExpectedRemainingLife"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ServicingAssetExpectedRemainingLife" xlink:to="lab_rwt_ServicingAssetExpectedRemainingLife" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ConsolidatedEntitiesAxis_a74cf7a6-6a30-41cd-bbe8-015092e44d6d_terseLabel_en-US" xlink:label="lab_srt_ConsolidatedEntitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consolidated Entities [Axis]</link:label>
    <link:label id="lab_srt_ConsolidatedEntitiesAxis_label_en-US" xlink:label="lab_srt_ConsolidatedEntitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consolidated Entities [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidatedEntitiesAxis" xlink:to="lab_srt_ConsolidatedEntitiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares_17f12805-99fa-4990-8286-e6ebec5a3d19_terseLabel_en-US" xlink:label="lab_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Shares issued for settlement of remaining deferred consideration</link:label>
    <link:label id="lab_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares_label_en-US" xlink:label="lab_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Acquisition, Contingent Consideration, Equity Interest Issued, Number of Shares</link:label>
    <link:label id="lab_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares_documentation_en-US" xlink:label="lab_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Acquisition, Contingent Consideration, Equity Interest Issued, Number of Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares" xlink:href="rwt-20210331.xsd#rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares" xlink:to="lab_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherExpenses_5f015beb-c3dd-4334-a4f1-8feb645dc738_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_OtherExpenses" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other expenses</link:label>
    <link:label id="lab_us-gaap_OtherExpenses_label_en-US" xlink:label="lab_us-gaap_OtherExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherExpenses" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherExpenses" xlink:to="lab_us-gaap_OtherExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember_16cf04c0-2c30-4743-bbbd-cfce15c45fbd_terseLabel_en-US" xlink:label="lab_rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Jumbo loans committed to sell</link:label>
    <link:label id="lab_rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember_label_en-US" xlink:label="lab_rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans Priced To Whole Loan Market and Committed to Sell [Member]</link:label>
    <link:label id="lab_rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember_documentation_en-US" xlink:label="lab_rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans Priced To Whole Loan Market and Committed to Sell [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember" xlink:to="lab_rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RealizedInvestmentGainsLosses_a66da1bd-05dd-448a-853b-5a507be86bc6_terseLabel_en-US" xlink:label="lab_us-gaap_RealizedInvestmentGainsLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Realized gains, net</link:label>
    <link:label id="lab_us-gaap_RealizedInvestmentGainsLosses_b5b6296c-4a68-4224-b749-ed236f1480f8_negatedLabel_en-US" xlink:label="lab_us-gaap_RealizedInvestmentGainsLosses" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Realized gains, net</link:label>
    <link:label id="lab_us-gaap_RealizedInvestmentGainsLosses_label_en-US" xlink:label="lab_us-gaap_RealizedInvestmentGainsLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Realized Investment Gains (Losses)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealizedInvestmentGainsLosses" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealizedInvestmentGainsLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealizedInvestmentGainsLosses" xlink:to="lab_us-gaap_RealizedInvestmentGainsLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MeasurementInputPullthroughRateMember_6661cca7-773f-4449-a56b-e20c30cd2b0d_terseLabel_en-US" xlink:label="lab_rwt_MeasurementInputPullthroughRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pull-through rate</link:label>
    <link:label id="lab_rwt_MeasurementInputPullthroughRateMember_label_en-US" xlink:label="lab_rwt_MeasurementInputPullthroughRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Pull-through Rate [Member]</link:label>
    <link:label id="lab_rwt_MeasurementInputPullthroughRateMember_documentation_en-US" xlink:label="lab_rwt_MeasurementInputPullthroughRateMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Pull-through Rate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputPullthroughRateMember" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputPullthroughRateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MeasurementInputPullthroughRateMember" xlink:to="lab_rwt_MeasurementInputPullthroughRateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate_050a943c-9d93-4d87-b593-fcceb36cd17c_terseLabel_en-US" xlink:label="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Discount rates</link:label>
    <link:label id="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate_label_en-US" xlink:label="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities, Discount Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate" xlink:to="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RealEstateSecuritiesPrimeSubordinateMember_c06ba367-d07f-4ca4-8d01-52590fa7c8c2_terseLabel_en-US" xlink:label="lab_rwt_RealEstateSecuritiesPrimeSubordinateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subordinate</link:label>
    <link:label id="lab_rwt_RealEstateSecuritiesPrimeSubordinateMember_label_en-US" xlink:label="lab_rwt_RealEstateSecuritiesPrimeSubordinateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Securities, Prime Subordinate [Member]</link:label>
    <link:label id="lab_rwt_RealEstateSecuritiesPrimeSubordinateMember_documentation_en-US" xlink:label="lab_rwt_RealEstateSecuritiesPrimeSubordinateMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Securities, Prime Subordinate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesPrimeSubordinateMember" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesPrimeSubordinateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RealEstateSecuritiesPrimeSubordinateMember" xlink:to="lab_rwt_RealEstateSecuritiesPrimeSubordinateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest_d3c5a4b7-e5f0-44ef-b9bb-e7d304aef5f2_terseLabel_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash flows received on retained securities</link:label>
    <link:label id="lab_us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest_label_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Flows Between Transferor and Transferee, Beneficial Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest" xlink:to="lab_us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ConsolidationItemsDomain_d4824430-737b-46bc-9b6e-05df65eb31eb_terseLabel_en-US" xlink:label="lab_srt_ConsolidationItemsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consolidation Items [Domain]</link:label>
    <link:label id="lab_srt_ConsolidationItemsDomain_label_en-US" xlink:label="lab_srt_ConsolidationItemsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consolidation Items [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsDomain" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidationItemsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidationItemsDomain" xlink:to="lab_srt_ConsolidationItemsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongTermDebtTextBlock_f8973b93-5a9a-4b1b-829b-2daefcfdce69_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-Term Debt</link:label>
    <link:label id="lab_us-gaap_LongTermDebtTextBlock_label_en-US" xlink:label="lab_us-gaap_LongTermDebtTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term Debt [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtTextBlock" xlink:to="lab_us-gaap_LongTermDebtTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LossContingencyAccrualAtCarryingValue_4ec47366-b6e8-49d5-9bef-e70fe6b2176a_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyAccrualAtCarryingValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Aggregate amount of accrual</link:label>
    <link:label id="lab_us-gaap_LossContingencyAccrualAtCarryingValue_label_en-US" xlink:label="lab_us-gaap_LossContingencyAccrualAtCarryingValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loss Contingency Accrual</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingencyAccrualAtCarryingValue" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LossContingencyAccrualAtCarryingValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingencyAccrualAtCarryingValue" xlink:to="lab_us-gaap_LossContingencyAccrualAtCarryingValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_6ec0ae3a-ff65-44ce-b3aa-2079d2b78b52_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CECL credit allowance</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_bb05e1be-7b9b-4703-93fe-ea2350a3a843_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CECL allowance</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_e7552a92-c5a0-4d93-a603-3f94fa93c73e_periodStartLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_1ab9ad6c-0543-42e2-9e6b-9bfa0db02251_periodEndLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ending Balance</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ResidentialLoansHeldForSaleMember_50769b92-db0d-4587-879e-41b02729d7ea_verboseLabel_en-US" xlink:label="lab_rwt_ResidentialLoansHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential loans, held-for-sale, at fair value</link:label>
    <link:label id="lab_rwt_ResidentialLoansHeldForSaleMember_a7db6911-2648-445a-babc-1264d6de4942_netLabel_en-US" xlink:label="lab_rwt_ResidentialLoansHeldForSaleMember" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Held-for-sale at fair value</link:label>
    <link:label id="lab_rwt_ResidentialLoansHeldForSaleMember_ec740af5-db4f-4f90-b834-41976fc9255a_terseLabel_en-US" xlink:label="lab_rwt_ResidentialLoansHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Held-for-sale residential loans</link:label>
    <link:label id="lab_rwt_ResidentialLoansHeldForSaleMember_label_en-US" xlink:label="lab_rwt_ResidentialLoansHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans Held For Sale [Member]</link:label>
    <link:label id="lab_rwt_ResidentialLoansHeldForSaleMember_documentation_en-US" xlink:label="lab_rwt_ResidentialLoansHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans Held For Sale [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForSaleMember" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForSaleMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ResidentialLoansHeldForSaleMember" xlink:to="lab_rwt_ResidentialLoansHeldForSaleMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeLossFromEquityMethodInvestments_0e34fb3f-9a77-4920-8972-b31fa3cb634d_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromEquityMethodInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity investment income</link:label>
    <link:label id="lab_us-gaap_IncomeLossFromEquityMethodInvestments_label_en-US" xlink:label="lab_us-gaap_IncomeLossFromEquityMethodInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income (Loss) from Equity Method Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeLossFromEquityMethodInvestments" xlink:to="lab_us-gaap_IncomeLossFromEquityMethodInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_3194fdbe-37b5-4388-b835-74cd8212399b_totalLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Income (Loss) before (Provision for) Benefit from Income Taxes</link:label>
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_5c34cad6-28f9-4bb3-90ad-670d0ea457f9_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net income before provision for income taxes</link:label>
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_label_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:to="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures_88c09787-195a-480c-ac87-c3fa94c6f7c6_negatedLabel_en-US" xlink:label="lab_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity grant forfeitures</link:label>
    <link:label id="lab_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures_label_en-US" xlink:label="lab_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost, Forfeitures</link:label>
    <link:label id="lab_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures_documentation_en-US" xlink:label="lab_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Represents the amount of equity grant forfeitures during the period.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures" xlink:href="rwt-20210331.xsd#rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures" xlink:to="lab_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_NonMarginableDebtRepurchaseAgreementTwoMember_2c010c52-ec11-4096-b542-960cdca140b8_terseLabel_en-US" xlink:label="lab_rwt_NonMarginableDebtRepurchaseAgreementTwoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAFL</link:label>
    <link:label id="lab_rwt_NonMarginableDebtRepurchaseAgreementTwoMember_label_en-US" xlink:label="lab_rwt_NonMarginableDebtRepurchaseAgreementTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-Marginable Debt Repurchase Agreement Two [Member]</link:label>
    <link:label id="lab_rwt_NonMarginableDebtRepurchaseAgreementTwoMember_documentation_en-US" xlink:label="lab_rwt_NonMarginableDebtRepurchaseAgreementTwoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-Marginable Debt Repurchase Agreement Two</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NonMarginableDebtRepurchaseAgreementTwoMember" xlink:href="rwt-20210331.xsd#rwt_NonMarginableDebtRepurchaseAgreementTwoMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_NonMarginableDebtRepurchaseAgreementTwoMember" xlink:to="lab_rwt_NonMarginableDebtRepurchaseAgreementTwoMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SequoiaSecuritiesMember_afce282f-c1ee-4195-9b33-e371c4f4d230_terseLabel_en-US" xlink:label="lab_rwt_SequoiaSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sequoia securities</link:label>
    <link:label id="lab_rwt_SequoiaSecuritiesMember_label_en-US" xlink:label="lab_rwt_SequoiaSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sequoia Securities [Member]</link:label>
    <link:label id="lab_rwt_SequoiaSecuritiesMember_documentation_en-US" xlink:label="lab_rwt_SequoiaSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sequoia Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaSecuritiesMember" xlink:href="rwt-20210331.xsd#rwt_SequoiaSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SequoiaSecuritiesMember" xlink:to="lab_rwt_SequoiaSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MaturityOverFiveYearsMember_d010a15b-cfc4-4f7e-b093-4f1a4c309f67_terseLabel_en-US" xlink:label="lab_rwt_MaturityOverFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contractual maturities of over five years</link:label>
    <link:label id="lab_rwt_MaturityOverFiveYearsMember_label_en-US" xlink:label="lab_rwt_MaturityOverFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Maturity over Five Years [Member]</link:label>
    <link:label id="lab_rwt_MaturityOverFiveYearsMember_documentation_en-US" xlink:label="lab_rwt_MaturityOverFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Maturity over Five Years [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MaturityOverFiveYearsMember" xlink:href="rwt-20210331.xsd#rwt_MaturityOverFiveYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MaturityOverFiveYearsMember" xlink:to="lab_rwt_MaturityOverFiveYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FinancingReceivablesWeightedAverageInterestRate_cd5815e0-c58b-4246-9dbd-935f2cefb53c_terseLabel_en-US" xlink:label="lab_rwt_FinancingReceivablesWeightedAverageInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average coupon rate</link:label>
    <link:label id="lab_rwt_FinancingReceivablesWeightedAverageInterestRate_label_en-US" xlink:label="lab_rwt_FinancingReceivablesWeightedAverageInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivables, Weighted Average Interest Rate</link:label>
    <link:label id="lab_rwt_FinancingReceivablesWeightedAverageInterestRate_documentation_en-US" xlink:label="lab_rwt_FinancingReceivablesWeightedAverageInterestRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivables, Weighted Average Interest Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivablesWeightedAverageInterestRate" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivablesWeightedAverageInterestRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FinancingReceivablesWeightedAverageInterestRate" xlink:to="lab_rwt_FinancingReceivablesWeightedAverageInterestRate" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_c771b64d-a8d3-4645-9744-1197c6299cf8_terseLabel_en-US" xlink:label="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification out of Accumulated Other Comprehensive Income [Domain]</link:label>
    <link:label id="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_label_en-US" xlink:label="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification out of Accumulated Other Comprehensive Income [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:to="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract_43878d10-f00c-4fb4-8a52-9a348e78b225_terseLabel_en-US" xlink:label="lab_us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets transferred:</link:label>
    <link:label id="lab_us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract_label_en-US" xlink:label="lab_us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Continuing Involvement with Transferred Financial Assets, Amount Outstanding [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract" xlink:to="lab_us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OptionIndexedToIssuersEquityTypeDomain_d2d372a9-01ae-431e-8e27-23808870857b_terseLabel_en-US" xlink:label="lab_us-gaap_OptionIndexedToIssuersEquityTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Option Indexed to Issuer's Equity, Type [Domain]</link:label>
    <link:label id="lab_us-gaap_OptionIndexedToIssuersEquityTypeDomain_label_en-US" xlink:label="lab_us-gaap_OptionIndexedToIssuersEquityTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Option Indexed to Issuer's Equity, Type [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OptionIndexedToIssuersEquityTypeDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OptionIndexedToIssuersEquityTypeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OptionIndexedToIssuersEquityTypeDomain" xlink:to="lab_us-gaap_OptionIndexedToIssuersEquityTypeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList_a8e08514-9a7b-4611-9401-4a61c761397e_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating lease liability, statement of financial position [Extensible List]</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Lease, Liability, Statement of Financial Position [Extensible List]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList" xlink:to="lab_us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherIncomeMember_a1f65fe1-ab01-43de-b520-215adc113015_terseLabel_en-US" xlink:label="lab_us-gaap_OtherIncomeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other income</link:label>
    <link:label id="lab_us-gaap_OtherIncomeMember_label_en-US" xlink:label="lab_us-gaap_OtherIncomeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Income [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncomeMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncomeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherIncomeMember" xlink:to="lab_us-gaap_OtherIncomeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShortTermDebtTextBlock_c274d91a-fcfd-44df-944a-c84a1e3d76b3_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermDebtTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-Term Debt</link:label>
    <link:label id="lab_us-gaap_ShortTermDebtTextBlock_label_en-US" xlink:label="lab_us-gaap_ShortTermDebtTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term Debt [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermDebtTextBlock" xlink:to="lab_us-gaap_ShortTermDebtTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MeasurementInputCommittedSalesPriceMember_b4e94363-d58f-43e4-9254-95e7b09f6c34_terseLabel_en-US" xlink:label="lab_rwt_MeasurementInputCommittedSalesPriceMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Committed sales price</link:label>
    <link:label id="lab_rwt_MeasurementInputCommittedSalesPriceMember_label_en-US" xlink:label="lab_rwt_MeasurementInputCommittedSalesPriceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Committed Sales Price [Member]</link:label>
    <link:label id="lab_rwt_MeasurementInputCommittedSalesPriceMember_documentation_en-US" xlink:label="lab_rwt_MeasurementInputCommittedSalesPriceMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Committed Sales Price [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputCommittedSalesPriceMember" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputCommittedSalesPriceMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MeasurementInputCommittedSalesPriceMember" xlink:to="lab_rwt_MeasurementInputCommittedSalesPriceMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ResidentialLoanWarehouseMember_c70e474b-bc4a-4254-8050-87eacf60558e_terseLabel_en-US" xlink:label="lab_rwt_ResidentialLoanWarehouseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential loan warehouse</link:label>
    <link:label id="lab_rwt_ResidentialLoanWarehouseMember_55745430-1408-435b-a89b-9a83e29fb33e_verboseLabel_en-US" xlink:label="lab_rwt_ResidentialLoanWarehouseMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Held-for-sale residential loans</link:label>
    <link:label id="lab_rwt_ResidentialLoanWarehouseMember_label_en-US" xlink:label="lab_rwt_ResidentialLoanWarehouseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loan Warehouse [Member]</link:label>
    <link:label id="lab_rwt_ResidentialLoanWarehouseMember_documentation_en-US" xlink:label="lab_rwt_ResidentialLoanWarehouseMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loan Warehouse [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoanWarehouseMember" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoanWarehouseMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ResidentialLoanWarehouseMember" xlink:to="lab_rwt_ResidentialLoanWarehouseMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityDomain_7f092f82-fa7f-4924-a657-eb6fbd425be9_terseLabel_en-US" xlink:label="lab_dei_EntityDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity [Domain]</link:label>
    <link:label id="lab_dei_EntityDomain_label_en-US" xlink:label="lab_dei_EntityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityDomain" xlink:to="lab_dei_EntityDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_312513ca-5bd2-4a86-a62d-04b0f7fe359b_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Taxes paid on equity award distributions</link:label>
    <link:label id="lab_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_label_en-US" xlink:label="lab_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payment, Tax Withholding, Share-based Payment Arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation" xlink:to="lab_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SecuredBorrowingsDisclosureTextBlock_23b5a462-83b6-4970-98d8-5645128421bf_terseLabel_en-US" xlink:label="lab_rwt_SecuredBorrowingsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Asset-Backed Securities Issued</link:label>
    <link:label id="lab_rwt_SecuredBorrowingsDisclosureTextBlock_label_en-US" xlink:label="lab_rwt_SecuredBorrowingsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Secured Borrowings Disclosure [Text Block]</link:label>
    <link:label id="lab_rwt_SecuredBorrowingsDisclosureTextBlock_documentation_en-US" xlink:label="lab_rwt_SecuredBorrowingsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">This item represents the disclosure related to the asset-backed securities issued under the Sequoia and Acacia securitization entities, and the Residential Resecuritization and Commercial Securitization entities, including their respective components, collateral, and accrued interest payable.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SecuredBorrowingsDisclosureTextBlock" xlink:href="rwt-20210331.xsd#rwt_SecuredBorrowingsDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SecuredBorrowingsDisclosureTextBlock" xlink:to="lab_rwt_SecuredBorrowingsDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_BusinessPurposeLoansFairValueDisclosure_94c7729f-8e43-4d4f-b999-0cfe1bf86f4b_terseLabel_en-US" xlink:label="lab_rwt_BusinessPurposeLoansFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business purpose loans</link:label>
    <link:label id="lab_rwt_BusinessPurposeLoansFairValueDisclosure_label_en-US" xlink:label="lab_rwt_BusinessPurposeLoansFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Loans, Fair Value Disclosure</link:label>
    <link:label id="lab_rwt_BusinessPurposeLoansFairValueDisclosure_documentation_en-US" xlink:label="lab_rwt_BusinessPurposeLoansFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Loans, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeLoansFairValueDisclosure" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeLoansFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_BusinessPurposeLoansFairValueDisclosure" xlink:to="lab_rwt_BusinessPurposeLoansFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeCostOfHedge_66947860-fec2-4e3c-97cf-ece20d4e8568_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeCostOfHedge" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative, cost of hedge</link:label>
    <link:label id="lab_us-gaap_DerivativeCostOfHedge_label_en-US" xlink:label="lab_us-gaap_DerivativeCostOfHedge" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative, Cost of Hedge</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCostOfHedge" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCostOfHedge"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeCostOfHedge" xlink:to="lab_us-gaap_DerivativeCostOfHedge" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock_ed93d094-1914-46a7-bdb8-7577472626be_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Available-for-Sale Securities by Collateral Type</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccountsReceivableFairValueDisclosure_2d6031d7-8345-405c-9d91-b91f16b705c3_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsReceivableFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Margin receivable</link:label>
    <link:label id="lab_us-gaap_AccountsReceivableFairValueDisclosure_label_en-US" xlink:label="lab_us-gaap_AccountsReceivableFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounts Receivable, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableFairValueDisclosure" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsReceivableFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsReceivableFairValueDisclosure" xlink:to="lab_us-gaap_AccountsReceivableFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RepaymentsOfServicingAdvanceInvestments_8f29caf0-0246-44ac-8b24-e3aed72bfe82_terseLabel_en-US" xlink:label="lab_rwt_RepaymentsOfServicingAdvanceInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal repayments from servicer advance investments</link:label>
    <link:label id="lab_rwt_RepaymentsOfServicingAdvanceInvestments_label_en-US" xlink:label="lab_rwt_RepaymentsOfServicingAdvanceInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repayments Of Servicing Advance Investments</link:label>
    <link:label id="lab_rwt_RepaymentsOfServicingAdvanceInvestments_documentation_en-US" xlink:label="lab_rwt_RepaymentsOfServicingAdvanceInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repayments Of Servicing Advance Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RepaymentsOfServicingAdvanceInvestments" xlink:href="rwt-20210331.xsd#rwt_RepaymentsOfServicingAdvanceInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RepaymentsOfServicingAdvanceInvestments" xlink:to="lab_rwt_RepaymentsOfServicingAdvanceInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_AffiliatedEntityMember_31b6f474-b559-4b30-b78e-5da79de1b491_terseLabel_en-US" xlink:label="lab_srt_AffiliatedEntityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Affiliated Entity</link:label>
    <link:label id="lab_srt_AffiliatedEntityMember_label_en-US" xlink:label="lab_srt_AffiliatedEntityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Affiliated Entity [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_AffiliatedEntityMember" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_AffiliatedEntityMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_AffiliatedEntityMember" xlink:to="lab_srt_AffiliatedEntityMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FinancingReceivableNumberOfLoansPastDue_f2262c78-a1e9-4474-bb9f-f6eab7220a42_terseLabel_en-US" xlink:label="lab_rwt_FinancingReceivableNumberOfLoansPastDue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of loans with 90+ day delinquencies</link:label>
    <link:label id="lab_rwt_FinancingReceivableNumberOfLoansPastDue_label_en-US" xlink:label="lab_rwt_FinancingReceivableNumberOfLoansPastDue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivable, Number Of Loans Past Due</link:label>
    <link:label id="lab_rwt_FinancingReceivableNumberOfLoansPastDue_documentation_en-US" xlink:label="lab_rwt_FinancingReceivableNumberOfLoansPastDue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivable, Number Of Loans Past Due</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansPastDue" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansPastDue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FinancingReceivableNumberOfLoansPastDue" xlink:to="lab_rwt_FinancingReceivableNumberOfLoansPastDue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueDisclosuresAbstract_3fec1be0-2e61-4a68-bf7d-745338aad35b_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueDisclosuresAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Disclosures [Abstract]</link:label>
    <link:label id="lab_us-gaap_FairValueDisclosuresAbstract_label_en-US" xlink:label="lab_us-gaap_FairValueDisclosuresAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Disclosures [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract" xlink:to="lab_us-gaap_FairValueDisclosuresAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RestrictedCashAndCashEquivalents_f333ed18-37bf-4b08-89d6-f58b104e1d71_terseLabel_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted cash</link:label>
    <link:label id="lab_us-gaap_RestrictedCashAndCashEquivalents_label_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted Cash and Cash Equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalents" xlink:to="lab_us-gaap_RestrictedCashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities_7bfed6d7-aaee-4da7-b39d-82d6af1d136c_verboseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subordinate securities, classified as AFS</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities_38851998-52dc-4dfc-a457-b963aa8a52bb_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Available-for-sale</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities_64e1d22a-3a9a-48c4-955c-114e64a38f56_netLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Carrying Value</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RestrictedStockMember_2bb4b64a-fa3a-4a0f-a2b6-4fffd3880f48_terseLabel_en-US" xlink:label="lab_us-gaap_RestrictedStockMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted Stock Awards</link:label>
    <link:label id="lab_us-gaap_RestrictedStockMember_label_en-US" xlink:label="lab_us-gaap_RestrictedStockMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted Stock [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedStockMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedStockMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestrictedStockMember" xlink:to="lab_us-gaap_RestrictedStockMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ServicingLiabilityMeasurementInput_dafa4e21-11ca-4f3b-8245-8959e3e80dc4_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingLiabilityMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ABS issued, measurement input</link:label>
    <link:label id="lab_us-gaap_ServicingLiabilityMeasurementInput_label_en-US" xlink:label="lab_us-gaap_ServicingLiabilityMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Liability, Measurement Input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingLiabilityMeasurementInput" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingLiabilityMeasurementInput"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingLiabilityMeasurementInput" xlink:to="lab_us-gaap_ServicingLiabilityMeasurementInput" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue_608bbd91-f617-44b1-86bf-c99bde0ef7c1_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unpaid principal balance of loans with 90+ day delinquencies</link:label>
    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivable, Past Due</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentPastDue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue" xlink:to="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember_45f9f8f5-3ea7-474f-8e8b-fa18f1000ad8_terseLabel_en-US" xlink:label="lab_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single-family rental loans held-for-investment</link:label>
    <link:label id="lab_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember_label_en-US" xlink:label="lab_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single Family Rental Loans Held For Investment At Fair Value [Member]</link:label>
    <link:label id="lab_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember_documentation_en-US" xlink:label="lab_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single Family Rental Loans Held For Investment At Fair Value [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember" xlink:to="lab_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_LoanPurchaseAndForwardSalesCommitmentsMember_3f04a729-d9bc-4d5b-a735-0144b2a902ac_terseLabel_en-US" xlink:label="lab_rwt_LoanPurchaseAndForwardSalesCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential loan purchase and forward sale commitments</link:label>
    <link:label id="lab_rwt_LoanPurchaseAndForwardSalesCommitmentsMember_label_en-US" xlink:label="lab_rwt_LoanPurchaseAndForwardSalesCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan Purchase and Forward Sales Commitments [Member]</link:label>
    <link:label id="lab_rwt_LoanPurchaseAndForwardSalesCommitmentsMember_documentation_en-US" xlink:label="lab_rwt_LoanPurchaseAndForwardSalesCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan Purchase and Forward Sales Commitments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanPurchaseAndForwardSalesCommitmentsMember" xlink:href="rwt-20210331.xsd#rwt_LoanPurchaseAndForwardSalesCommitmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_LoanPurchaseAndForwardSalesCommitmentsMember" xlink:to="lab_rwt_LoanPurchaseAndForwardSalesCommitmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_c602ceee-31bb-41c3-b6c9-cba09fce504f_terseLabel_en-US" xlink:label="lab_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment Arrangement [Abstract]</link:label>
    <link:label id="lab_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_label_en-US" xlink:label="lab_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment Arrangement [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="lab_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_AtTheMarketOfferingsMember_fd09f634-b64e-4e4e-ac73-8f25ec826935_terseLabel_en-US" xlink:label="lab_rwt_AtTheMarketOfferingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">At The Market Offerings</link:label>
    <link:label id="lab_rwt_AtTheMarketOfferingsMember_label_en-US" xlink:label="lab_rwt_AtTheMarketOfferingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">At The Market Offerings [Member]</link:label>
    <link:label id="lab_rwt_AtTheMarketOfferingsMember_documentation_en-US" xlink:label="lab_rwt_AtTheMarketOfferingsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">At The Market Offerings [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AtTheMarketOfferingsMember" xlink:href="rwt-20210331.xsd#rwt_AtTheMarketOfferingsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_AtTheMarketOfferingsMember" xlink:to="lab_rwt_AtTheMarketOfferingsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProceedsFromCollectionOfFinanceReceivables_3f5c6297-99be-4e29-8dc8-ed3aeb26bc5a_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromCollectionOfFinanceReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal payments on loan investments</link:label>
    <link:label id="lab_us-gaap_ProceedsFromCollectionOfFinanceReceivables_label_en-US" xlink:label="lab_us-gaap_ProceedsFromCollectionOfFinanceReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from Collection of Finance Receivables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromCollectionOfFinanceReceivables" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromCollectionOfFinanceReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromCollectionOfFinanceReceivables" xlink:to="lab_us-gaap_ProceedsFromCollectionOfFinanceReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ConsolidatedEntitiesDomain_57bbb16d-3935-4601-bad7-6e73ab2749ea_terseLabel_en-US" xlink:label="lab_srt_ConsolidatedEntitiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consolidated Entities [Domain]</link:label>
    <link:label id="lab_srt_ConsolidatedEntitiesDomain_label_en-US" xlink:label="lab_srt_ConsolidatedEntitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consolidated Entities [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidatedEntitiesDomain" xlink:to="lab_srt_ConsolidatedEntitiesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShortTermDebtWeightedAverageInterestRate_41b39485-63e0-48e4-9f01-c40785fb6aa1_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermDebtWeightedAverageInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Interest Rate</link:label>
    <link:label id="lab_us-gaap_ShortTermDebtWeightedAverageInterestRate_label_en-US" xlink:label="lab_us-gaap_ShortTermDebtWeightedAverageInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term Debt, Weighted Average Interest Rate, at Point in Time</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtWeightedAverageInterestRate" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtWeightedAverageInterestRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermDebtWeightedAverageInterestRate" xlink:to="lab_us-gaap_ShortTermDebtWeightedAverageInterestRate" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_568a010b-b14f-4a15-9853-9b8def9273f3_terseLabel_en-US" xlink:label="lab_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair value</link:label>
    <link:label id="lab_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_label_en-US" xlink:label="lab_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transferor's Interests in Transferred Financial Assets, Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestsContinuedToBeHeldByTransferorFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue" xlink:to="lab_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure_de070a7b-02e1-408e-a557-3c591fe372a0_terseLabel_en-US" xlink:label="lab_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unpaid principal balance of loans in foreclosure</link:label>
    <link:label id="lab_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure_label_en-US" xlink:label="lab_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Option, Loans Held As Assets, Aggregate Amount In Foreclosure</link:label>
    <link:label id="lab_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure_documentation_en-US" xlink:label="lab_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Option, Loans Held As Assets, Aggregate Amount In Foreclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" xlink:href="rwt-20210331.xsd#rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" xlink:to="lab_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfShortTermDebtTable_9ae3bb76-6dc0-4ebe-893e-1590cd63b695_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfShortTermDebtTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Short-term Debt [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfShortTermDebtTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfShortTermDebtTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Short-term Debt [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable" xlink:to="lab_us-gaap_ScheduleOfShortTermDebtTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_8c67d7a6-f1ed-4ec1-828b-39be8d37334d_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivables, Equal to Greater than 90 Days Past Due</link:label>
    <link:label id="lab_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_label_en-US" xlink:label="lab_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Asset, Equal to or Greater than 90 Days Past Due [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember" xlink:to="lab_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_e3776dc3-3f1d-47d9-a101-6988001f44bf_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impact on Interest Expense of Interest Rate Agreements Accounted for as Cash Flow Hedges</link:label>
    <link:label id="lab_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Instruments, Gain (Loss) [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:to="lab_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_3f10d425-8459-4a3b-a75a-d7146ea0985e_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Class of Financing Receivable [Domain]</link:label>
    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Class of Financing Receivable [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain" xlink:to="lab_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SupplementalBalanceSheetTableTextBlock_bdfdb8cf-68fb-4413-a97b-c57ca62a8872_terseLabel_en-US" xlink:label="lab_rwt_SupplementalBalanceSheetTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Supplemental Information by Segment</link:label>
    <link:label id="lab_rwt_SupplementalBalanceSheetTableTextBlock_label_en-US" xlink:label="lab_rwt_SupplementalBalanceSheetTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Supplemental Balance Sheet [Table Text Block]</link:label>
    <link:label id="lab_rwt_SupplementalBalanceSheetTableTextBlock_documentation_en-US" xlink:label="lab_rwt_SupplementalBalanceSheetTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Supplemental Balance Sheet [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SupplementalBalanceSheetTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_SupplementalBalanceSheetTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SupplementalBalanceSheetTableTextBlock" xlink:to="lab_rwt_SupplementalBalanceSheetTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueDisclosuresTextBlock_0aff4127-c1d8-4feb-83e7-eecdf4696c88_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueDisclosuresTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value of Financial Instruments</link:label>
    <link:label id="lab_us-gaap_FairValueDisclosuresTextBlock_label_en-US" xlink:label="lab_us-gaap_FairValueDisclosuresTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Disclosures [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueDisclosuresTextBlock" xlink:to="lab_us-gaap_FairValueDisclosuresTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_2eb05c71-9e7a-44bc-9d59-a87538200081_negatedLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other settlements, net</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_27c8f19c-5c2f-4b03-b0a9-d924e37e3b08_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounts, Notes, Loans and Financing Receivable [Line Items]</link:label>
    <link:label id="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_label_en-US" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounts, Notes, Loans and Financing Receivable [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_VariableInterestEntityOwnershipPercentage_04808ccc-7c2c-4102-90f1-08c4e99ee815_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityOwnershipPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">VIE, ownership interest rate</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityOwnershipPercentage_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityOwnershipPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityOwnershipPercentage" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityOwnershipPercentage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityOwnershipPercentage" xlink:to="lab_us-gaap_VariableInterestEntityOwnershipPercentage" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestRateSwapMember_eba04423-3a9e-4ad1-9e8a-c67583c00b3f_verboseLabel_en-US" xlink:label="lab_us-gaap_InterestRateSwapMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest rate agreements</link:label>
    <link:label id="lab_us-gaap_InterestRateSwapMember_43be4259-57ad-432f-a25b-f0253c53bd9e_terseLabel_en-US" xlink:label="lab_us-gaap_InterestRateSwapMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest rate swaps</link:label>
    <link:label id="lab_us-gaap_InterestRateSwapMember_label_en-US" xlink:label="lab_us-gaap_InterestRateSwapMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Rate Swap [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwapMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestRateSwapMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestRateSwapMember" xlink:to="lab_us-gaap_InterestRateSwapMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_66ced010-03ca-4379-b591-d2edbefb8947_negatedTotalLabel_en-US" xlink:label="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</link:label>
    <link:label id="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_label_en-US" xlink:label="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Securities Sold under Agreements to Repurchase</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchase"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase" xlink:to="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AdditionalPaidInCapitalCommonStock_3902c4b4-d2b3-4790-a6c1-a3bcdef5ddef_terseLabel_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapitalCommonStock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additional paid-in capital</link:label>
    <link:label id="lab_us-gaap_AdditionalPaidInCapitalCommonStock_label_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapitalCommonStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additional Paid in Capital, Common Stock</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdditionalPaidInCapitalCommonStock" xlink:to="lab_us-gaap_AdditionalPaidInCapitalCommonStock" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityRegistrantName_bf821484-8f48-4766-b746-d682118e31ee_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityRegistrantName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessAcquisitionLineItems_361a0653-1915-435b-bf82-504949d0032e_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Acquisition [Line Items]</link:label>
    <link:label id="lab_us-gaap_BusinessAcquisitionLineItems_label_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Acquisition [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems" xlink:to="lab_us-gaap_BusinessAcquisitionLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ServicingAsset_f7f17b00-13ca-4091-83c9-270206ef867d_verboseLabel_en-US" xlink:label="lab_us-gaap_ServicingAsset" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing asset</link:label>
    <link:label id="lab_us-gaap_ServicingAsset_15f92b13-647e-47a0-8ab4-c7e747bf5ad1_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Aggregate principal balance</link:label>
    <link:label id="lab_us-gaap_ServicingAsset_label_en-US" xlink:label="lab_us-gaap_ServicingAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Asset</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAsset" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAsset" xlink:to="lab_us-gaap_ServicingAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_392cfc6f-c370-4db9-ad5c-83a7f5b4b9d0_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Discount rate</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Lease, Weighted Average Discount Rate, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:to="lab_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AssetsFairValueDisclosureAbstract_d0d2418e-e7ee-4fbe-9d2b-47a3abb9bd12_verboseLabel_en-US" xlink:label="lab_us-gaap_AssetsFairValueDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">On-balance sheet assets, at fair value:</link:label>
    <link:label id="lab_us-gaap_AssetsFairValueDisclosureAbstract_66df9649-a6fe-4af7-92cb-3e9ce975b445_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsFairValueDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets</link:label>
    <link:label id="lab_us-gaap_AssetsFairValueDisclosureAbstract_label_en-US" xlink:label="lab_us-gaap_AssetsFairValueDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets, Fair Value Disclosure [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsFairValueDisclosureAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsFairValueDisclosureAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract" xlink:to="lab_us-gaap_AssetsFairValueDisclosureAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FreddieMacSLSTSecuritizationEntitiesMember_409a9c59-ba61-4064-9261-97def0aafd85_terseLabel_en-US" xlink:label="lab_rwt_FreddieMacSLSTSecuritizationEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Freddie Mac SLST</link:label>
    <link:label id="lab_rwt_FreddieMacSLSTSecuritizationEntitiesMember_label_en-US" xlink:label="lab_rwt_FreddieMacSLSTSecuritizationEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Freddie Mac SLST Securitization Entities [Member]</link:label>
    <link:label id="lab_rwt_FreddieMacSLSTSecuritizationEntitiesMember_documentation_en-US" xlink:label="lab_rwt_FreddieMacSLSTSecuritizationEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Freddie Mac SLST Securitization Entities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember" xlink:to="lab_rwt_FreddieMacSLSTSecuritizationEntitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ResidentialBridgeLoansMember_f9d39717-be70-41b0-843b-09954b8d99d1_terseLabel_en-US" xlink:label="lab_rwt_ResidentialBridgeLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential bridge loans</link:label>
    <link:label id="lab_rwt_ResidentialBridgeLoansMember_label_en-US" xlink:label="lab_rwt_ResidentialBridgeLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Bridge Loans [Member]</link:label>
    <link:label id="lab_rwt_ResidentialBridgeLoansMember_documentation_en-US" xlink:label="lab_rwt_ResidentialBridgeLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Bridge Loans [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialBridgeLoansMember" xlink:href="rwt-20210331.xsd#rwt_ResidentialBridgeLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ResidentialBridgeLoansMember" xlink:to="lab_rwt_ResidentialBridgeLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_LoansReceivableMeasurementInput_2e8e591d-67e7-48de-988e-4e6e3ee60ea6_terseLabel_en-US" xlink:label="lab_rwt_LoansReceivableMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans receivable, measurement input</link:label>
    <link:label id="lab_rwt_LoansReceivableMeasurementInput_label_en-US" xlink:label="lab_rwt_LoansReceivableMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Receivable, Measurement Input</link:label>
    <link:label id="lab_rwt_LoansReceivableMeasurementInput_documentation_en-US" xlink:label="lab_rwt_LoansReceivableMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Receivable, Measurement Input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansReceivableMeasurementInput" xlink:href="rwt-20210331.xsd#rwt_LoansReceivableMeasurementInput"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_LoansReceivableMeasurementInput" xlink:to="lab_rwt_LoansReceivableMeasurementInput" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestExpenseLongTermDebt_881f8348-f3f7-47f5-846b-808572415876_negatedLabel_en-US" xlink:label="lab_us-gaap_InterestExpenseLongTermDebt" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term debt</link:label>
    <link:label id="lab_us-gaap_InterestExpenseLongTermDebt_label_en-US" xlink:label="lab_us-gaap_InterestExpenseLongTermDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Expense, Long-term Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseLongTermDebt" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseLongTermDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpenseLongTermDebt" xlink:to="lab_us-gaap_InterestExpenseLongTermDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent_6241e2f6-744b-4c5e-b9e7-7f10e205d5d3_terseLabel_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impact of adverse change in prepayment speed</link:label>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent_label_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis Of Fair Value, Transferor's Interests In Transferred Financial Assets, Impact Of Adverse Change In Prepayment Speed, Percent</link:label>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent_documentation_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis Of Fair Value, Transferor's Interests In Transferred Financial Assets, Impact Of Adverse Change In Prepayment Speed, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" xlink:to="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_LoansHeldForSaleAtFairValueMember_07f162eb-ed81-43e1-87e0-955cd98ceb4a_terseLabel_en-US" xlink:label="lab_rwt_LoansHeldForSaleAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Held-for-sale at fair value, Total</link:label>
    <link:label id="lab_rwt_LoansHeldForSaleAtFairValueMember_label_en-US" xlink:label="lab_rwt_LoansHeldForSaleAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Held For Sale At Fair Value [Member]</link:label>
    <link:label id="lab_rwt_LoansHeldForSaleAtFairValueMember_documentation_en-US" xlink:label="lab_rwt_LoansHeldForSaleAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Held For Sale At Fair Value [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansHeldForSaleAtFairValueMember" xlink:href="rwt-20210331.xsd#rwt_LoansHeldForSaleAtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_LoansHeldForSaleAtFairValueMember" xlink:to="lab_rwt_LoansHeldForSaleAtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls_36302579-7983-4c06-a8ac-6c66bfd573ac_totalLabel_en-US" xlink:label="lab_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Realized Gains on Sales and Calls of AFS Securities, net</link:label>
    <link:label id="lab_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls_label_en-US" xlink:label="lab_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Available-for-sale Securities, Gross Realized Gain (Loss) On Sales And Calls</link:label>
    <link:label id="lab_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls_documentation_en-US" xlink:label="lab_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Available-for-sale Securities, Gross Realized Gain (Loss) On Sales And Calls</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls" xlink:href="rwt-20210331.xsd#rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls" xlink:to="lab_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ResidentialLoansHeldForInvestmentMember_08c0001c-21b1-4bca-b876-21ac5fae469b_terseLabel_en-US" xlink:label="lab_rwt_ResidentialLoansHeldForInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential loans, held-for-investment</link:label>
    <link:label id="lab_rwt_ResidentialLoansHeldForInvestmentMember_75469a90-eb16-44da-97ee-b15238730f9e_verboseLabel_en-US" xlink:label="lab_rwt_ResidentialLoansHeldForInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential loans at Redwood</link:label>
    <link:label id="lab_rwt_ResidentialLoansHeldForInvestmentMember_label_en-US" xlink:label="lab_rwt_ResidentialLoansHeldForInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans Held for Investment [Member]</link:label>
    <link:label id="lab_rwt_ResidentialLoansHeldForInvestmentMember_documentation_en-US" xlink:label="lab_rwt_ResidentialLoansHeldForInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans Held for Investment [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentMember" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ResidentialLoansHeldForInvestmentMember" xlink:to="lab_rwt_ResidentialLoansHeldForInvestmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_Maturity30To90DaysMember_daf8fea7-cb10-4deb-9196-f24b30c02ca0_terseLabel_en-US" xlink:label="lab_us-gaap_Maturity30To90DaysMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">31 to 90 days</link:label>
    <link:label id="lab_us-gaap_Maturity30To90DaysMember_label_en-US" xlink:label="lab_us-gaap_Maturity30To90DaysMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Maturity 30 to 90 Days [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Maturity30To90DaysMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Maturity30To90DaysMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Maturity30To90DaysMember" xlink:to="lab_us-gaap_Maturity30To90DaysMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent_ee3725b2-6173-4a60-b778-4290c963f7c8_terseLabel_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impact of adverse change in expected credit losses</link:label>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent_label_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis Of Fair Value, Transferor's Interests In Transferred Financial Assets, Impact Of Adverse Change In Expected Credit Losses, Percent</link:label>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent_documentation_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis Of Fair Value, Transferor's Interests In Transferred Financial Assets, Impact Of Adverse Change In Expected Credit Losses, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" xlink:to="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_4beab022-5cf3-4378-9ba6-1b5bf1f7d4bb_terseLabel_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_label_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityIncorporationStateCountryCode" xlink:to="lab_dei_EntityIncorporationStateCountryCode" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock_493a03a4-4f76-46bb-9108-e17111200a33_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Financial Instruments Owned and Pledged as Collateral</link:label>
    <link:label id="lab_us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock" xlink:to="lab_us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DepreciationAndAmortization_3936ec15-bffa-4846-93c0-02b988d6c426_terseLabel_en-US" xlink:label="lab_us-gaap_DepreciationAndAmortization" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Depreciation and amortization of non-financial assets</link:label>
    <link:label id="lab_us-gaap_DepreciationAndAmortization_label_en-US" xlink:label="lab_us-gaap_DepreciationAndAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Depreciation, Depletion and Amortization, Nonproduction</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DepreciationAndAmortization" xlink:to="lab_us-gaap_DepreciationAndAmortization" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InvestmentsBySecondaryCategorizationDomain_54f029d1-7cf6-4030-bf4a-a991975c3f43_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentsBySecondaryCategorizationDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investments by Secondary Categorization [Domain]</link:label>
    <link:label id="lab_us-gaap_InvestmentsBySecondaryCategorizationDomain_label_en-US" xlink:label="lab_us-gaap_InvestmentsBySecondaryCategorizationDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investments by Secondary Categorization [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsBySecondaryCategorizationDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsBySecondaryCategorizationDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentsBySecondaryCategorizationDomain" xlink:to="lab_us-gaap_InvestmentsBySecondaryCategorizationDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_UnderwritingCostsAssociatedWithLoanAcquisitions_14debff1-947d-4a06-a0db-5881a7d7c816_terseLabel_en-US" xlink:label="lab_rwt_UnderwritingCostsAssociatedWithLoanAcquisitions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Underwriting costs</link:label>
    <link:label id="lab_rwt_UnderwritingCostsAssociatedWithLoanAcquisitions_label_en-US" xlink:label="lab_rwt_UnderwritingCostsAssociatedWithLoanAcquisitions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Underwriting Costs Associated With Loan Acquisitions</link:label>
    <link:label id="lab_rwt_UnderwritingCostsAssociatedWithLoanAcquisitions_documentation_en-US" xlink:label="lab_rwt_UnderwritingCostsAssociatedWithLoanAcquisitions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Underwriting Costs Associated With Loan Acquisitions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_UnderwritingCostsAssociatedWithLoanAcquisitions" xlink:href="rwt-20210331.xsd#rwt_UnderwritingCostsAssociatedWithLoanAcquisitions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_UnderwritingCostsAssociatedWithLoanAcquisitions" xlink:to="lab_rwt_UnderwritingCostsAssociatedWithLoanAcquisitions" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_336a03f5-d7bf-4bd3-927f-2cc592898750_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross unrealized losses</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_3f4b7f6d-3788-4800-b073-e36262c6f7ef_negatedLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross unrealized losses</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xlink:to="lab_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment_08b7455e-a883-4068-ab12-d0db10c11165_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal balance of securities sold</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from Sale of Debt and Equity Securities, FV-NI, Held-for-investment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment" xlink:to="lab_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressPostalZipCode_6ce20839-c62d-499d-841e-e3f62bb8a544_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address Postal Zip Code</link:label>
    <link:label id="lab_dei_EntityAddressPostalZipCode_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressPostalZipCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode" xlink:to="lab_dei_EntityAddressPostalZipCode" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock_183b2b56-6f21-40e0-9857-8225bcfb46ca_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Securitization Activity Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood</link:label>
    <link:label id="lab_us-gaap_ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Gain (Loss) on Securitizations or Asset-backed Financing Arrangements of Financial Assets Accounted for as Sale [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock" xlink:to="lab_us-gaap_ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ResidentialAndCommercialLoansMember_350c7406-47e8-4a96-966f-d46e8cb66617_terseLabel_en-US" xlink:label="lab_rwt_ResidentialAndCommercialLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unsecuritized Residential and Commercial Loans</link:label>
    <link:label id="lab_rwt_ResidentialAndCommercialLoansMember_label_en-US" xlink:label="lab_rwt_ResidentialAndCommercialLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential and Commercial Loans [Member]</link:label>
    <link:label id="lab_rwt_ResidentialAndCommercialLoansMember_documentation_en-US" xlink:label="lab_rwt_ResidentialAndCommercialLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential and Commercial Loans [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialAndCommercialLoansMember" xlink:href="rwt-20210331.xsd#rwt_ResidentialAndCommercialLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ResidentialAndCommercialLoansMember" xlink:to="lab_rwt_ResidentialAndCommercialLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestAndOtherIncomeTableTextBlock_cdd11bbd-c584-460b-b24b-19bec47ad136_terseLabel_en-US" xlink:label="lab_us-gaap_InterestAndOtherIncomeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of other income</link:label>
    <link:label id="lab_us-gaap_InterestAndOtherIncomeTableTextBlock_label_en-US" xlink:label="lab_us-gaap_InterestAndOtherIncomeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest and Other Income [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndOtherIncomeTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndOtherIncomeTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestAndOtherIncomeTableTextBlock" xlink:to="lab_us-gaap_InterestAndOtherIncomeTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_27ec1343-94f0-4878-a52f-495c1e1dcde2_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale [Line Items]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_label_en-US" xlink:label="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems" xlink:to="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock_a0bc5c0f-0490-48fa-99cd-6e794770535b_terseLabel_en-US" xlink:label="lab_us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading Securities by Collateral Type</link:label>
    <link:label id="lab_us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock_label_en-US" xlink:label="lab_us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock" xlink:to="lab_us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_0083182e-73f9-4bb0-9cb6-d9cf04693c7f_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Quantitative Information about Significant Unobservable Inputs Used in Valuation of Level 3 Assets and Liabilities Measured at Fair Value</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses_2d87c10b-2c05-4cca-8b01-c6758a3ccd0c_terseLabel_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Realized credit losses</link:label>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses_label_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Available For Sale Securities Unamortized Discounts Premiums, Realized Credit Gains Losses</link:label>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses_documentation_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Changes to the net unamortized discount on available-for-sale securities due to realized credit losses.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses" xlink:to="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SeniorAndSubordinatedSecuritiesMember_4c3bee34-155e-4058-b88e-428fb5a9eae6_terseLabel_en-US" xlink:label="lab_rwt_SeniorAndSubordinatedSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subordinate securities, classified as AFS</link:label>
    <link:label id="lab_rwt_SeniorAndSubordinatedSecuritiesMember_label_en-US" xlink:label="lab_rwt_SeniorAndSubordinatedSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior and Subordinated Securities [Member]</link:label>
    <link:label id="lab_rwt_SeniorAndSubordinatedSecuritiesMember_documentation_en-US" xlink:label="lab_rwt_SeniorAndSubordinatedSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior and Subordinated Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorAndSubordinatedSecuritiesMember" xlink:href="rwt-20210331.xsd#rwt_SeniorAndSubordinatedSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SeniorAndSubordinatedSecuritiesMember" xlink:to="lab_rwt_SeniorAndSubordinatedSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommonStockDividendsPerShareDeclared_e3cc7336-adb9-4bad-965a-cd7583dec36d_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockDividendsPerShareDeclared" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common dividends declared (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_CommonStockDividendsPerShareDeclared_label_en-US" xlink:label="lab_us-gaap_CommonStockDividendsPerShareDeclared" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common Stock, Dividends, Per Share, Declared</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockDividendsPerShareDeclared" xlink:to="lab_us-gaap_CommonStockDividendsPerShareDeclared" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_031f5b49-9635-4791-b5d7-cf400b2a807f_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt instrument, face amount</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument, Face Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentFaceAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentFaceAmount" xlink:to="lab_us-gaap_DebtInstrumentFaceAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MortgageBankingAndInvestmentActivitiesMember_f09b8c8a-af02-4e83-a7a3-e452924d505e_terseLabel_en-US" xlink:label="lab_rwt_MortgageBankingAndInvestmentActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage banking and investment activities</link:label>
    <link:label id="lab_rwt_MortgageBankingAndInvestmentActivitiesMember_label_en-US" xlink:label="lab_rwt_MortgageBankingAndInvestmentActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Banking And Investment Activities [Member]</link:label>
    <link:label id="lab_rwt_MortgageBankingAndInvestmentActivitiesMember_documentation_en-US" xlink:label="lab_rwt_MortgageBankingAndInvestmentActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Banking And Investment Activities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingAndInvestmentActivitiesMember" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingAndInvestmentActivitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MortgageBankingAndInvestmentActivitiesMember" xlink:to="lab_rwt_MortgageBankingAndInvestmentActivitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InvestmentHoldingsLineItems_ed5048dd-b087-4670-8c79-1648cccd08c8_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentHoldingsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment Holdings [Line Items]</link:label>
    <link:label id="lab_us-gaap_InvestmentHoldingsLineItems_label_en-US" xlink:label="lab_us-gaap_InvestmentHoldingsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment Holdings [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentHoldingsLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentHoldingsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems" xlink:to="lab_us-gaap_InvestmentHoldingsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_fd2f69ae-a53f-4f8e-9b05-a9009c293876_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Asset Class [Domain]</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Asset Class [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain" xlink:to="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_703bf92a-274f-4b66-b871-5b9ae8ace32a_terseLabel_en-US" xlink:label="lab_rwt_FreddieMacKSeriesSecuritizationEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Freddie Mac K-Series</link:label>
    <link:label id="lab_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_label_en-US" xlink:label="lab_rwt_FreddieMacKSeriesSecuritizationEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Freddie Mac K-Series Securitization Entities [Member]</link:label>
    <link:label id="lab_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_documentation_en-US" xlink:label="lab_rwt_FreddieMacKSeriesSecuritizationEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Freddie Mac K-Series Securitization Entities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember" xlink:to="lab_rwt_FreddieMacKSeriesSecuritizationEntitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestAndDividendIncomeOperatingAbstract_87d42591-bdfd-4c41-be01-8a80e6123ae7_terseLabel_en-US" xlink:label="lab_us-gaap_InterestAndDividendIncomeOperatingAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Income</link:label>
    <link:label id="lab_us-gaap_InterestAndDividendIncomeOperatingAbstract_label_en-US" xlink:label="lab_us-gaap_InterestAndDividendIncomeOperatingAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest and Dividend Income, Operating [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperatingAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndDividendIncomeOperatingAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestAndDividendIncomeOperatingAbstract" xlink:to="lab_us-gaap_InterestAndDividendIncomeOperatingAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EquityAbstract_abfc306f-e2da-4c77-9ac1-336d6bd11e15_terseLabel_en-US" xlink:label="lab_us-gaap_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity [Abstract]</link:label>
    <link:label id="lab_us-gaap_EquityAbstract_label_en-US" xlink:label="lab_us-gaap_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquityAbstract" xlink:to="lab_us-gaap_EquityAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RepaymentsOfShortTermDebt_5e895243-8797-4d18-81d7-52e866041409_negatedLabel_en-US" xlink:label="lab_us-gaap_RepaymentsOfShortTermDebt" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repayments on short-term debt</link:label>
    <link:label id="lab_us-gaap_RepaymentsOfShortTermDebt_label_en-US" xlink:label="lab_us-gaap_RepaymentsOfShortTermDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repayments of Short-term Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfShortTermDebt" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfShortTermDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepaymentsOfShortTermDebt" xlink:to="lab_us-gaap_RepaymentsOfShortTermDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeContractTypeDomain_158b4c6c-4c9b-4627-9003-549a80a27db6_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeContractTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Contract [Domain]</link:label>
    <link:label id="lab_us-gaap_DerivativeContractTypeDomain_label_en-US" xlink:label="lab_us-gaap_DerivativeContractTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Contract [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeContractTypeDomain" xlink:to="lab_us-gaap_DerivativeContractTypeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_5a2de734-4255-401b-8817-1a98bb625701_terseLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Diluted weighted average shares outstanding (in shares)</link:label>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_845a96a9-1298-4bd3-b7aa-d409e94796e2_totalLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Diluted weighted average common shares outstanding (in shares)</link:label>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_label_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Diluted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:to="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding_ea761201-7187-42d6-8905-caf9a79b48ab_terseLabel_en-US" xlink:label="lab_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal balance of loans outstanding</link:label>
    <link:label id="lab_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding_label_en-US" xlink:label="lab_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Continuing Involvement with Derecognized Transferred Financial Assets, Amount Outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding" xlink:to="lab_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherIncomeAndExpensesAbstract_ef31a7b2-fed0-433d-9abd-44a33e589c97_terseLabel_en-US" xlink:label="lab_us-gaap_OtherIncomeAndExpensesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Income and Expenses [Abstract]</link:label>
    <link:label id="lab_us-gaap_OtherIncomeAndExpensesAbstract_label_en-US" xlink:label="lab_us-gaap_OtherIncomeAndExpensesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Income and Expenses [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncomeAndExpensesAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract" xlink:to="lab_us-gaap_OtherIncomeAndExpensesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NumberOfOperatingSegments_f7d96051-6c8b-4132-85db-261aaa0cb2f6_terseLabel_en-US" xlink:label="lab_us-gaap_NumberOfOperatingSegments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of operating segments</link:label>
    <link:label id="lab_us-gaap_NumberOfOperatingSegments_label_en-US" xlink:label="lab_us-gaap_NumberOfOperatingSegments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of Operating Segments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfOperatingSegments" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NumberOfOperatingSegments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NumberOfOperatingSegments" xlink:to="lab_us-gaap_NumberOfOperatingSegments" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_220c138e-7da2-4701-a76c-4bb718132b97_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of stock awards forfeited (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtDisclosureAbstract_17377307-8407-4e43-9fa4-6ded6d77e893_terseLabel_en-US" xlink:label="lab_us-gaap_DebtDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Disclosure [Abstract]</link:label>
    <link:label id="lab_us-gaap_DebtDisclosureAbstract_label_en-US" xlink:label="lab_us-gaap_DebtDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Disclosure [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtDisclosureAbstract" xlink:to="lab_us-gaap_DebtDisclosureAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList_2fe98945-8393-41e5-9b0e-0794c6904a4b_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating lease right-of-use asset, statement of financial position [Extensible List]</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" xlink:to="lab_us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_cea3a603-c674-4faf-a32e-eb3ba9387a89_negatedLabel_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unamortized discount, net</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_12a93009-009c-45e5-87c0-694492aa32b5_periodStartLabel_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_5ad613b0-70c6-437b-bf5d-afa8513d8fa8_periodEndLabel_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ending Balance</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_label_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available For Sale, Unamortized Discounts Premiums</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_documentation_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available For Sale, Unamortized Discounts Premiums</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" xlink:to="lab_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_03c783d7-c88b-4190-82ae-53fad9c2226c_negatedTotalLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Amount</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Liability, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:to="lab_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ServicingFees1_913280f1-d682-4ca6-9e65-983c5d8af3c3_terseLabel_en-US" xlink:label="lab_rwt_ServicingFees1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fee income</link:label>
    <link:label id="lab_rwt_ServicingFees1_label_en-US" xlink:label="lab_rwt_ServicingFees1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Fees 1</link:label>
    <link:label id="lab_rwt_ServicingFees1_documentation_en-US" xlink:label="lab_rwt_ServicingFees1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Fees 1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingFees1" xlink:href="rwt-20210331.xsd#rwt_ServicingFees1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ServicingFees1" xlink:to="lab_rwt_ServicingFees1" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MeasurementInputPerLoanAnnualCostToServiceMember_5c34f806-2356-42c7-8f57-de3898286231_terseLabel_en-US" xlink:label="lab_rwt_MeasurementInputPerLoanAnnualCostToServiceMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Per loan annual cost to service</link:label>
    <link:label id="lab_rwt_MeasurementInputPerLoanAnnualCostToServiceMember_label_en-US" xlink:label="lab_rwt_MeasurementInputPerLoanAnnualCostToServiceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Per Loan Annual Cost To Service [Member]</link:label>
    <link:label id="lab_rwt_MeasurementInputPerLoanAnnualCostToServiceMember_documentation_en-US" xlink:label="lab_rwt_MeasurementInputPerLoanAnnualCostToServiceMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Per Loan Annual Cost To Service [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputPerLoanAnnualCostToServiceMember" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputPerLoanAnnualCostToServiceMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MeasurementInputPerLoanAnnualCostToServiceMember" xlink:to="lab_rwt_MeasurementInputPerLoanAnnualCostToServiceMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_c1b46cf3-be6a-4b75-b594-35599a712ab8_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net cash provided by (used in) financing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShortTermDebtTypeAxis_44e9e6de-a597-4fb8-bc62-970ed42d1d8b_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term Debt, Type [Axis]</link:label>
    <link:label id="lab_us-gaap_ShortTermDebtTypeAxis_label_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term Debt, Type [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis" xlink:to="lab_us-gaap_ShortTermDebtTypeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember_968dc731-d3e0-414b-83b0-dd58f9fe10e9_terseLabel_en-US" xlink:label="lab_rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-securitizable loan dollar price</link:label>
    <link:label id="lab_rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember_label_en-US" xlink:label="lab_rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Non-Securitizable Loan Dollar Price [Member]</link:label>
    <link:label id="lab_rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember_documentation_en-US" xlink:label="lab_rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Non-Securitizable Loan Dollar Price</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember" xlink:to="lab_rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommonStockValue_4d0c41e4-d15d-446e-a900-98758743e2d2_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common stock, par value $0.01 per share, 395,000,000 shares authorized; 112,998,732 and 112,090,006 issued and outstanding</link:label>
    <link:label id="lab_us-gaap_CommonStockValue_label_en-US" xlink:label="lab_us-gaap_CommonStockValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common Stock, Value, Issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockValue" xlink:to="lab_us-gaap_CommonStockValue" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium_ada5b998-66ef-412e-9123-54d07331da12_terseLabel_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortization of net discount</link:label>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium_label_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Available For Sale Securities Unamortized Discounts Premiums, Amortization of net (discount) premium</link:label>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium_documentation_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Changes to the net unamortized discount on available-for-sale securities due to the amortization of net discount.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium" xlink:to="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_OtherRealEstateOwnedMember_ece1a466-372d-4cf0-92a9-1d3c64743de1_terseLabel_en-US" xlink:label="lab_rwt_OtherRealEstateOwnedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">REO</link:label>
    <link:label id="lab_rwt_OtherRealEstateOwnedMember_label_en-US" xlink:label="lab_rwt_OtherRealEstateOwnedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Real Estate Owned [Member]</link:label>
    <link:label id="lab_rwt_OtherRealEstateOwnedMember_documentation_en-US" xlink:label="lab_rwt_OtherRealEstateOwnedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Real Estate Owned [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherRealEstateOwnedMember" xlink:href="rwt-20210331.xsd#rwt_OtherRealEstateOwnedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_OtherRealEstateOwnedMember" xlink:to="lab_rwt_OtherRealEstateOwnedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsLineItems_d46e3d7d-e839-43be-bc3a-f54b94bcdd08_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finite-Lived Intangible Assets [Line Items]</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsLineItems_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finite-Lived Intangible Assets [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentFiscalYearFocus_ac96ccf4-c4f7-41b7-ac34-b23dc67fa910_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:label id="lab_dei_DocumentFiscalYearFocus_label_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalYearFocus" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentFiscalYearFocus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalYearFocus" xlink:to="lab_dei_DocumentFiscalYearFocus" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_894d1762-d4a6-4c88-a9f8-9bf0650921a6_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2023</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finite-Lived Intangible Asset, Expected Amortization, Year Two</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProceedsFromIssuanceOfSecuredDebt_5c9f6d56-0efb-4c96-964d-65f1f0f8d6f0_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from issuance of asset-backed securities</link:label>
    <link:label id="lab_us-gaap_ProceedsFromIssuanceOfSecuredDebt_label_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from Issuance of Secured Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSecuredDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:to="lab_us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MinorityInterestInLimitedPartnerships_e8a65ea1-42e3-47e3-a16d-8b25ac14f6dc_terseLabel_en-US" xlink:label="lab_us-gaap_MinorityInterestInLimitedPartnerships" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payable to minority partner</link:label>
    <link:label id="lab_us-gaap_MinorityInterestInLimitedPartnerships_label_en-US" xlink:label="lab_us-gaap_MinorityInterestInLimitedPartnerships" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Noncontrolling Interest in Limited Partnerships</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterestInLimitedPartnerships" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MinorityInterestInLimitedPartnerships"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MinorityInterestInLimitedPartnerships" xlink:to="lab_us-gaap_MinorityInterestInLimitedPartnerships" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCurrentReportingStatus_2f734963-fe8d-45f2-a909-f5f473a3b737_terseLabel_en-US" xlink:label="lab_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Current Reporting Status</link:label>
    <link:label id="lab_dei_EntityCurrentReportingStatus_label_en-US" xlink:label="lab_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Current Reporting Status</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCurrentReportingStatus" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityCurrentReportingStatus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCurrentReportingStatus" xlink:to="lab_dei_EntityCurrentReportingStatus" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_cd92e503-31e3-48b2-b556-5927bdc67893_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gains (losses) in net income (loss), net</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AvailableforsaleSecuritiesMember_c1e429a8-91dc-4d0b-9de9-7ad0aa26d436_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableforsaleSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">AFS securities retained, at fair value</link:label>
    <link:label id="lab_us-gaap_AvailableforsaleSecuritiesMember_3d9bf744-6b7e-4abc-b003-de22df6ce320_verboseLabel_en-US" xlink:label="lab_us-gaap_AvailableforsaleSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">AFS Securities</link:label>
    <link:label id="lab_us-gaap_AvailableforsaleSecuritiesMember_label_en-US" xlink:label="lab_us-gaap_AvailableforsaleSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Available-for-sale Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableforsaleSecuritiesMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableforsaleSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableforsaleSecuritiesMember" xlink:to="lab_us-gaap_AvailableforsaleSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure_6c1933cc-51b8-4733-a66c-5237273d1dac_terseLabel_en-US" xlink:label="lab_rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted cash</link:label>
    <link:label id="lab_rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure_label_en-US" xlink:label="lab_rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted Cash and Cash Equivalents, Fair Value Disclosure</link:label>
    <link:label id="lab_rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure_documentation_en-US" xlink:label="lab_rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted Cash and Cash Equivalents, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure" xlink:href="rwt-20210331.xsd#rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure" xlink:to="lab_rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeAssetsAbstract_101d9dec-e54c-4752-873e-4a1b4f9479d5_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets</link:label>
    <link:label id="lab_us-gaap_DerivativeAssetsAbstract_label_en-US" xlink:label="lab_us-gaap_DerivativeAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Asset [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssetsAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssetsAbstract" xlink:to="lab_us-gaap_DerivativeAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FinancingReceivableNumberOfLoansInForeclosure_ab66ed35-e411-46c5-b1a7-3ac3ac825c37_terseLabel_en-US" xlink:label="lab_rwt_FinancingReceivableNumberOfLoansInForeclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of loans in foreclosure</link:label>
    <link:label id="lab_rwt_FinancingReceivableNumberOfLoansInForeclosure_label_en-US" xlink:label="lab_rwt_FinancingReceivableNumberOfLoansInForeclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivable, Number Of Loans In Foreclosure</link:label>
    <link:label id="lab_rwt_FinancingReceivableNumberOfLoansInForeclosure_documentation_en-US" xlink:label="lab_rwt_FinancingReceivableNumberOfLoansInForeclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivable, Number Of Loans In Foreclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansInForeclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure" xlink:to="lab_rwt_FinancingReceivableNumberOfLoansInForeclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions_a0218f02-aa30-4898-9430-280261a30960_terseLabel_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Acquisitions</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions_label_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss, Acquisitions</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions_documentation_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Changes to the credit reserve on available-for-sale securities due to security acquisitions.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions" xlink:to="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans_878eb467-b2cc-4409-af3d-edaae0663787_terseLabel_en-US" xlink:label="lab_rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee stock purchase and incentive plans</link:label>
    <link:label id="lab_rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans_label_en-US" xlink:label="lab_rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Issued During Period, Value, Employee Stock Purchase Plans And Other Incentive Plans</link:label>
    <link:label id="lab_rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans_documentation_en-US" xlink:label="lab_rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Issued During Period, Value, Employee Stock Purchase Plans And Other Incentive Plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans" xlink:href="rwt-20210331.xsd#rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans" xlink:to="lab_rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherAssetsMiscellaneous_b10d25d4-22e3-48e4-9adb-168765c9e0e5_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssetsMiscellaneous" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_OtherAssetsMiscellaneous_label_en-US" xlink:label="lab_us-gaap_OtherAssetsMiscellaneous" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Assets, Miscellaneous</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsMiscellaneous" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssetsMiscellaneous"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssetsMiscellaneous" xlink:to="lab_us-gaap_OtherAssetsMiscellaneous" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations_f2fdcd25-2709-4392-9499-08649ee9d076_terseLabel_en-US" xlink:label="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Originations</link:label>
    <link:label id="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations_label_en-US" xlink:label="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Originations</link:label>
    <link:label id="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations_documentation_en-US" xlink:label="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Originations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" xlink:href="rwt-20210331.xsd#rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" xlink:to="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IntangibleAssetsNetIncludingGoodwill_d4de1d8b-64fb-46e0-bd50-cea275dd90e9_terseLabel_en-US" xlink:label="lab_us-gaap_IntangibleAssetsNetIncludingGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intangible assets</link:label>
    <link:label id="lab_us-gaap_IntangibleAssetsNetIncludingGoodwill_label_en-US" xlink:label="lab_us-gaap_IntangibleAssetsNetIncludingGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intangible Assets, Net (Including Goodwill)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IntangibleAssetsNetIncludingGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill" xlink:to="lab_us-gaap_IntangibleAssetsNetIncludingGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned_a70d76f7-c0a8-4d2c-a61a-211be1d40060_negatedTotalLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned" xlink:to="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_a090332b-5c69-4aef-bc45-050fd239d6d3_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair value of securities acquired</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments to Acquire Debt Securities, Available-for-sale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt" xlink:to="lab_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_13b3df16-849f-4894-85a3-2c726e392351_totalLabel_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Comprehensive Income (Loss)</link:label>
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_label_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:to="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherIncome_cdad011e-8f1f-4ff3-92d9-6d7f3546b12d_terseLabel_en-US" xlink:label="lab_us-gaap_OtherIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other income, net</link:label>
    <link:label id="lab_us-gaap_OtherIncome_1f9b38d1-239a-4269-b54c-17ce5c860479_totalLabel_en-US" xlink:label="lab_us-gaap_OtherIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other income, net</link:label>
    <link:label id="lab_us-gaap_OtherIncome_label_en-US" xlink:label="lab_us-gaap_OtherIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncome" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherIncome" xlink:to="lab_us-gaap_OtherIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MarginDepositAssets_db4bb6a2-3e28-45ca-9fe7-71ff674a481b_terseLabel_en-US" xlink:label="lab_us-gaap_MarginDepositAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Margin receivable</link:label>
    <link:label id="lab_us-gaap_MarginDepositAssets_label_en-US" xlink:label="lab_us-gaap_MarginDepositAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Margin Deposit Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarginDepositAssets" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarginDepositAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MarginDepositAssets" xlink:to="lab_us-gaap_MarginDepositAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1_cea4516b-98e5-4135-8528-e3046d28404a_terseLabel_en-US" xlink:label="lab_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfers from loans held-for-sale to loans held-for-investment</link:label>
    <link:label id="lab_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1_label_en-US" xlink:label="lab_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfer of Loans Held-for-sale to Portfolio Loans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1" xlink:to="lab_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommonStockSharesIssued_733ef4cf-63ca-412e-8273-36851d99bbf2_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockSharesIssued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common stock, issued (shares)</link:label>
    <link:label id="lab_us-gaap_CommonStockSharesIssued_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common Stock, Shares, Issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesIssued" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockSharesIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockSharesIssued" xlink:to="lab_us-gaap_CommonStockSharesIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_1be5b881-ca41-44e0-8adb-7decce9ad09c_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash and Cash Equivalents, at Carrying Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingLeaseLiability_8ff12d16-fc8a-428f-a778-e1fd95f69eb7_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating lease liabilities</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseLiability_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Lease, Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiability" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseLiability" xlink:to="lab_us-gaap_OperatingLeaseLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SegmentReportingAbstract_e0296051-4525-4075-a89f-930816e71d7f_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentReportingAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Segment Reporting [Abstract]</link:label>
    <link:label id="lab_us-gaap_SegmentReportingAbstract_label_en-US" xlink:label="lab_us-gaap_SegmentReportingAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Segment Reporting [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentReportingAbstract" xlink:to="lab_us-gaap_SegmentReportingAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherRealEstateRollForward_f75e2d47-2989-4175-aec5-11f3fdf09b20_terseLabel_en-US" xlink:label="lab_us-gaap_OtherRealEstateRollForward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Real Estate [Roll Forward]</link:label>
    <link:label id="lab_us-gaap_OtherRealEstateRollForward_label_en-US" xlink:label="lab_us-gaap_OtherRealEstateRollForward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Real Estate [Roll Forward]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherRealEstateRollForward" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherRealEstateRollForward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherRealEstateRollForward" xlink:to="lab_us-gaap_OtherRealEstateRollForward" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock_487d48ff-a67a-4dc7-bafe-31392395a589_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Portion of Net Gains (Losses) Attributable to Level 3 Assets and Liabilities Still Held and Included in Net Income</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareRepurchaseProgramAxis_38ca6978-024c-417d-9eaa-c95c20d805e0_terseLabel_en-US" xlink:label="lab_us-gaap_ShareRepurchaseProgramAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share Repurchase Program [Axis]</link:label>
    <link:label id="lab_us-gaap_ShareRepurchaseProgramAxis_label_en-US" xlink:label="lab_us-gaap_ShareRepurchaseProgramAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share Repurchase Program [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareRepurchaseProgramAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareRepurchaseProgramAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareRepurchaseProgramAxis" xlink:to="lab_us-gaap_ShareRepurchaseProgramAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentLineItems_d3a9f042-9f9d-40c8-bfba-e9f8d18ecacf_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument [Line Items]</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentLineItems_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentLineItems" xlink:to="lab_us-gaap_DebtInstrumentLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockholdersEquity_550a9610-bb04-41a9-a132-afa81c5483a1_periodStartLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance at beginning of period</link:label>
    <link:label id="lab_us-gaap_StockholdersEquity_a77476c3-705d-4b2e-9016-1b354dbb716e_periodEndLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance at End of Period</link:label>
    <link:label id="lab_us-gaap_StockholdersEquity_8b1dd9d2-c3a4-4292-8fad-330d70f95359_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated other comprehensive income (loss)</link:label>
    <link:label id="lab_us-gaap_StockholdersEquity_label_en-US" xlink:label="lab_us-gaap_StockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stockholders' Equity Attributable to Parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquity" xlink:to="lab_us-gaap_StockholdersEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NatureOfOperations_9fa2861a-6fc0-44dd-99a1-db0ae470428a_terseLabel_en-US" xlink:label="lab_us-gaap_NatureOfOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Organization</link:label>
    <link:label id="lab_us-gaap_NatureOfOperations_label_en-US" xlink:label="lab_us-gaap_NatureOfOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Nature of Operations [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NatureOfOperations" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NatureOfOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NatureOfOperations" xlink:to="lab_us-gaap_NatureOfOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ContingentConsiderationMember_e4b78c3a-6ffc-4ace-9a0a-069946bc7a8f_terseLabel_en-US" xlink:label="lab_rwt_ContingentConsiderationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contingent consideration</link:label>
    <link:label id="lab_rwt_ContingentConsiderationMember_label_en-US" xlink:label="lab_rwt_ContingentConsiderationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contingent Consideration [Member]</link:label>
    <link:label id="lab_rwt_ContingentConsiderationMember_documentation_en-US" xlink:label="lab_rwt_ContingentConsiderationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contingent Consideration [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ContingentConsiderationMember" xlink:href="rwt-20210331.xsd#rwt_ContingentConsiderationMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ContingentConsiderationMember" xlink:to="lab_rwt_ContingentConsiderationMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_BusinessPurposeResidentialLoansHeldforSaleMember_33f67953-0053-4521-b17d-6075dc2b3fb5_terseLabel_en-US" xlink:label="lab_rwt_BusinessPurposeResidentialLoansHeldforSaleMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business purpose loans, held-for-sale, at fair value</link:label>
    <link:label id="lab_rwt_BusinessPurposeResidentialLoansHeldforSaleMember_d35d071e-c6c8-45ac-a1e2-c23cafd14312_verboseLabel_en-US" xlink:label="lab_rwt_BusinessPurposeResidentialLoansHeldforSaleMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business purpose residential loans, held-for-sale</link:label>
    <link:label id="lab_rwt_BusinessPurposeResidentialLoansHeldforSaleMember_label_en-US" xlink:label="lab_rwt_BusinessPurposeResidentialLoansHeldforSaleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Residential Loans, Held-for-Sale [Member]</link:label>
    <link:label id="lab_rwt_BusinessPurposeResidentialLoansHeldforSaleMember_documentation_en-US" xlink:label="lab_rwt_BusinessPurposeResidentialLoansHeldforSaleMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Residential Loans, Held-for-Sale [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansHeldforSaleMember" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansHeldforSaleMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_BusinessPurposeResidentialLoansHeldforSaleMember" xlink:to="lab_rwt_BusinessPurposeResidentialLoansHeldforSaleMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued_3232bece-c38f-499e-a97a-f35601cf8804_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted stock awards (in shares)</link:label>
    <link:label id="lab_us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued_label_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Acquisition, Equity Interest Issued or Issuable, Number of Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued" xlink:to="lab_us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage_645af29b-f370-4780-baac-b91ce63d08b5_terseLabel_en-US" xlink:label="lab_rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fixed rate (as a percent)</link:label>
    <link:label id="lab_rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage_label_en-US" xlink:label="lab_rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Owned, Held-for-Investment, Fixed Rate, Percentage</link:label>
    <link:label id="lab_rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage_documentation_en-US" xlink:label="lab_rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Owned, Held-for-Investment, Fixed Rate, Percentage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage" xlink:href="rwt-20210331.xsd#rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage" xlink:to="lab_rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressCityOrTown_c5ffb9f2-8b4a-4f8b-845c-65b786c54a0d_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address City Or Town</link:label>
    <link:label id="lab_dei_EntityAddressCityOrTown_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressCityOrTown"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCityOrTown" xlink:to="lab_dei_EntityAddressCityOrTown" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_c46c7d19-e39b-438d-885c-05768d3eb9f3_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Hierarchy and NAV [Axis]</link:label>
    <link:label id="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_label_en-US" xlink:label="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Hierarchy and NAV [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RestrictedStockUnitsRSUMember_1869e5c8-de78-4bf3-a835-89b2a079205c_terseLabel_en-US" xlink:label="lab_us-gaap_RestrictedStockUnitsRSUMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted Stock Units</link:label>
    <link:label id="lab_us-gaap_RestrictedStockUnitsRSUMember_label_en-US" xlink:label="lab_us-gaap_RestrictedStockUnitsRSUMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted Stock Units (RSUs) [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedStockUnitsRSUMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedStockUnitsRSUMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestrictedStockUnitsRSUMember" xlink:to="lab_us-gaap_RestrictedStockUnitsRSUMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_LoansHeldForInvestmentAtFairValueMember_27042eed-bfc9-4b86-83eb-034ec9de3590_terseLabel_en-US" xlink:label="lab_rwt_LoansHeldForInvestmentAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Held-for-investment at fair value, Total</link:label>
    <link:label id="lab_rwt_LoansHeldForInvestmentAtFairValueMember_label_en-US" xlink:label="lab_rwt_LoansHeldForInvestmentAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Held For Investment At Fair Value [Member]</link:label>
    <link:label id="lab_rwt_LoansHeldForInvestmentAtFairValueMember_documentation_en-US" xlink:label="lab_rwt_LoansHeldForInvestmentAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Held For Investment At Fair Value [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansHeldForInvestmentAtFairValueMember" xlink:href="rwt-20210331.xsd#rwt_LoansHeldForInvestmentAtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_LoansHeldForInvestmentAtFairValueMember" xlink:to="lab_rwt_LoansHeldForInvestmentAtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed_2f5eaed7-015f-4137-8bca-9119c5446ebb_terseLabel_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">25% adverse change</link:label>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed_label_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of Other than 10 or 20 Percent Adverse Change in Prepayment Speed</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed" xlink:to="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_ebae1086-cada-4cd6-a144-60654ad3bb40_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2026 and thereafter</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lessee, Operating Lease, Liability, to be Paid, Year Five</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinancialInstrumentAxis_5b15213f-34e5-4e16-a78e-6b1d9319a3e0_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Instrument [Axis]</link:label>
    <link:label id="lab_us-gaap_FinancialInstrumentAxis_label_en-US" xlink:label="lab_us-gaap_FinancialInstrumentAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Instrument [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialInstrumentAxis" xlink:to="lab_us-gaap_FinancialInstrumentAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic_54f3b4e7-f368-4e47-9596-b57976d7411c_negatedLabel_en-US" xlink:label="lab_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Less: Dividends and undistributed earnings allocated to participating securities</link:label>
    <link:label id="lab_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic_label_en-US" xlink:label="lab_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Participating Securities, Distributed and Undistributed Earnings (Loss), Basic</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic" xlink:to="lab_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_A5ArchesLLCAndCoreVestMember_e9007581-9c88-4cf4-9123-b2671d4fe547_terseLabel_en-US" xlink:label="lab_rwt_A5ArchesLLCAndCoreVestMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">5 Arches LLC and CoreVest</link:label>
    <link:label id="lab_rwt_A5ArchesLLCAndCoreVestMember_label_en-US" xlink:label="lab_rwt_A5ArchesLLCAndCoreVestMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">5 Arches LLC And CoreVest [Member]</link:label>
    <link:label id="lab_rwt_A5ArchesLLCAndCoreVestMember_documentation_en-US" xlink:label="lab_rwt_A5ArchesLLCAndCoreVestMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">5 Arches LLC And CoreVest [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_A5ArchesLLCAndCoreVestMember" xlink:href="rwt-20210331.xsd#rwt_A5ArchesLLCAndCoreVestMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_A5ArchesLLCAndCoreVestMember" xlink:to="lab_rwt_A5ArchesLLCAndCoreVestMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FinancingReceivableLoanToValueRatio_466b2687-fdba-478c-8603-74800e60de29_terseLabel_en-US" xlink:label="lab_rwt_FinancingReceivableLoanToValueRatio" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average original loan-to-value (LTV)</link:label>
    <link:label id="lab_rwt_FinancingReceivableLoanToValueRatio_label_en-US" xlink:label="lab_rwt_FinancingReceivableLoanToValueRatio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivable, Loan To Value Ratio</link:label>
    <link:label id="lab_rwt_FinancingReceivableLoanToValueRatio_documentation_en-US" xlink:label="lab_rwt_FinancingReceivableLoanToValueRatio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivable, Loan To Value Ratio</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableLoanToValueRatio" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableLoanToValueRatio"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FinancingReceivableLoanToValueRatio" xlink:to="lab_rwt_FinancingReceivableLoanToValueRatio" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_45040e11-b83e-4bef-a874-b6fe5e73a03f_terseLabel_en-US" xlink:label="lab_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]</link:label>
    <link:label id="lab_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_label_en-US" xlink:label="lab_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems" xlink:to="lab_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral_9b6b96da-62c7-4e03-ae01-aa79b0c8f470_negatedTotalLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Amount</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned, Amount Offset Against Collateral</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral" xlink:to="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsOfDividends_9f8c77b3-7837-47b9-93e8-248627e719ef_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDividends" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dividends paid</link:label>
    <link:label id="lab_us-gaap_PaymentsOfDividends_label_en-US" xlink:label="lab_us-gaap_PaymentsOfDividends" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments of Dividends</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividends" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsOfDividends"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsOfDividends" xlink:to="lab_us-gaap_PaymentsOfDividends" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_StockIssuanceProgramAuthorizedAmount_2be1d69f-db67-43c5-9aa8-df60f7b2f553_terseLabel_en-US" xlink:label="lab_rwt_StockIssuanceProgramAuthorizedAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock issuance program, authorized amount</link:label>
    <link:label id="lab_rwt_StockIssuanceProgramAuthorizedAmount_label_en-US" xlink:label="lab_rwt_StockIssuanceProgramAuthorizedAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Issuance Program, Authorized Amount</link:label>
    <link:label id="lab_rwt_StockIssuanceProgramAuthorizedAmount_documentation_en-US" xlink:label="lab_rwt_StockIssuanceProgramAuthorizedAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Issuance Program, Authorized Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockIssuanceProgramAuthorizedAmount" xlink:href="rwt-20210331.xsd#rwt_StockIssuanceProgramAuthorizedAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_StockIssuanceProgramAuthorizedAmount" xlink:to="lab_rwt_StockIssuanceProgramAuthorizedAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LiabilitiesAbstract_7c0a2fa0-d8f6-4bd5-a488-db9ffde719d5_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liabilities</link:label>
    <link:label id="lab_us-gaap_LiabilitiesAbstract_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liabilities [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAbstract" xlink:to="lab_us-gaap_LiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_a48b9ac5-521d-4783-a1be-47a5dae47fe1_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Available-for-sale Securities [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Available-for-sale Securities [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" xlink:to="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_2f0783f9-24b3-4d18-9da6-c2051dd79d15_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2024</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finite-Lived Intangible Asset, Expected Amortization, Year Three</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ResidentialLoansAtFairValueMember_030f972d-8891-4904-809a-677948dc411d_verboseLabel_en-US" xlink:label="lab_rwt_ResidentialLoansAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential loans, at fair value</link:label>
    <link:label id="lab_rwt_ResidentialLoansAtFairValueMember_a119367f-47cb-4dda-8fe7-341381eb7e7a_terseLabel_en-US" xlink:label="lab_rwt_ResidentialLoansAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans</link:label>
    <link:label id="lab_rwt_ResidentialLoansAtFairValueMember_label_en-US" xlink:label="lab_rwt_ResidentialLoansAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans at Fair Value [Member]</link:label>
    <link:label id="lab_rwt_ResidentialLoansAtFairValueMember_documentation_en-US" xlink:label="lab_rwt_ResidentialLoansAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans at Fair Value [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansAtFairValueMember" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansAtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ResidentialLoansAtFairValueMember" xlink:to="lab_rwt_ResidentialLoansAtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MSRMultipleMember_d337ea1f-fac4-43ea-b948-30717100ce67_terseLabel_en-US" xlink:label="lab_rwt_MSRMultipleMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">MSR Multiple</link:label>
    <link:label id="lab_rwt_MSRMultipleMember_label_en-US" xlink:label="lab_rwt_MSRMultipleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">MSR Multiple [Member]</link:label>
    <link:label id="lab_rwt_MSRMultipleMember_documentation_en-US" xlink:label="lab_rwt_MSRMultipleMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">MSR Multiple</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MSRMultipleMember" xlink:href="rwt-20210331.xsd#rwt_MSRMultipleMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MSRMultipleMember" xlink:to="lab_rwt_MSRMultipleMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_a391c035-0e26-4706-97a5-ae960ba39d69_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2021 (9 months)</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lessee, Operating Lease, Liability, to be Paid, Remainder of Fiscal Year</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_EquityMethodInvesteeNameDomain_5e47c444-2b0a-43ce-9e9f-bc0ccd95273c_terseLabel_en-US" xlink:label="lab_srt_EquityMethodInvesteeNameDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment, Name [Domain]</link:label>
    <link:label id="lab_srt_EquityMethodInvesteeNameDomain_label_en-US" xlink:label="lab_srt_EquityMethodInvesteeNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment, Name [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_EquityMethodInvesteeNameDomain" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_EquityMethodInvesteeNameDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_EquityMethodInvesteeNameDomain" xlink:to="lab_srt_EquityMethodInvesteeNameDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax_083e35a5-7a2f-4967-aeea-7284635cb424_totalLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total other comprehensive income (loss)</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax_a3ea71f9-87cf-4530-b3b9-af2734b6fd44_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other comprehensive income (loss)</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Comprehensive Income (Loss), Net of Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RealEstateSecuritiesOnBalanceSheetMember_20f23043-166e-4706-a63c-9748d633a633_terseLabel_en-US" xlink:label="lab_rwt_RealEstateSecuritiesOnBalanceSheetMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">On balance sheet</link:label>
    <link:label id="lab_rwt_RealEstateSecuritiesOnBalanceSheetMember_label_en-US" xlink:label="lab_rwt_RealEstateSecuritiesOnBalanceSheetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Securities, On Balance Sheet [Member]</link:label>
    <link:label id="lab_rwt_RealEstateSecuritiesOnBalanceSheetMember_documentation_en-US" xlink:label="lab_rwt_RealEstateSecuritiesOnBalanceSheetMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Securities, On Balance Sheet [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesOnBalanceSheetMember" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesOnBalanceSheetMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RealEstateSecuritiesOnBalanceSheetMember" xlink:to="lab_rwt_RealEstateSecuritiesOnBalanceSheetMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_CAFLSecuritizationEntitiesMember_c870e5ac-2d16-47f8-8802-85296e342fac_terseLabel_en-US" xlink:label="lab_rwt_CAFLSecuritizationEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAFL</link:label>
    <link:label id="lab_rwt_CAFLSecuritizationEntitiesMember_label_en-US" xlink:label="lab_rwt_CAFLSecuritizationEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAFL Securitization Entities [Member]</link:label>
    <link:label id="lab_rwt_CAFLSecuritizationEntitiesMember_documentation_en-US" xlink:label="lab_rwt_CAFLSecuritizationEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAFL Securitization Entities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_CAFLSecuritizationEntitiesMember" xlink:to="lab_rwt_CAFLSecuritizationEntitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain_2e73f97b-3c3d-4bf3-88e0-37701addeb64_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repurchase Agreements and Similar Transactions, Maturity Periods [Domain]</link:label>
    <link:label id="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain_label_en-US" xlink:label="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repurchase Agreements and Similar Transactions, Maturity Periods [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain" xlink:to="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue_ada542fa-d2f3-4fdb-ba91-80acfb5ae980_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair value of mortgage backed securities securing loan (in excess)</link:label>
    <link:label id="lab_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue_label_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Instruments, Owned and Pledged as Collateral, at Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue" xlink:to="lab_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_BorrowerNetworkMember_45e46989-b3b9-4da6-9afb-88909d187afd_terseLabel_en-US" xlink:label="lab_rwt_BorrowerNetworkMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrower Network [Member]</link:label>
    <link:label id="lab_rwt_BorrowerNetworkMember_label_en-US" xlink:label="lab_rwt_BorrowerNetworkMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrower Network [Member]</link:label>
    <link:label id="lab_rwt_BorrowerNetworkMember_documentation_en-US" xlink:label="lab_rwt_BorrowerNetworkMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrower Network [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BorrowerNetworkMember" xlink:href="rwt-20210331.xsd#rwt_BorrowerNetworkMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_BorrowerNetworkMember" xlink:to="lab_rwt_BorrowerNetworkMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod_973198de-f12c-43e2-8fa7-05c6e1c2857d_terseLabel_en-US" xlink:label="lab_rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock units distributed (in shares)</link:label>
    <link:label id="lab_rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod_label_en-US" xlink:label="lab_rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Distributed in Period</link:label>
    <link:label id="lab_rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod_documentation_en-US" xlink:label="lab_rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Distributed in Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod" xlink:href="rwt-20210331.xsd#rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod" xlink:to="lab_rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_15c3d17c-edfa-404e-b701-f2614f68fb47_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">AFS securities, contractual maturities, less than five years</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns_ddf91aa0-dad6-4eb3-9c3e-d5ea1ac1b134_negatedLabel_en-US" xlink:label="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal paydowns</link:label>
    <link:label id="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns_label_en-US" xlink:label="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Paydowns</link:label>
    <link:label id="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns_documentation_en-US" xlink:label="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Paydowns</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns" xlink:href="rwt-20210331.xsd#rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns" xlink:to="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongtermDebtTypeAxis_ce1ad439-1042-4324-9b75-1f5a7c680f69_terseLabel_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term Debt, Type [Axis]</link:label>
    <link:label id="lab_us-gaap_LongtermDebtTypeAxis_label_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term Debt, Type [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongtermDebtTypeAxis" xlink:to="lab_us-gaap_LongtermDebtTypeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_a914f6c2-f904-4395-83f3-ac4a23f42abd_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Investment Income [Line Items]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_label_en-US" xlink:label="lab_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Investment Income [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems" xlink:to="lab_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_083abc6b-5246-49ea-ada5-753d9fd827a8_terseLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">State statutory rate, net of Federal tax effect</link:label>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProceedsFromCollectionOfLoansHeldForSale_35c4dca5-c4b0-4fa6-ad2e-4a240c6e7474_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromCollectionOfLoansHeldForSale" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal payments on held-for-sale loans</link:label>
    <link:label id="lab_us-gaap_ProceedsFromCollectionOfLoansHeldForSale_label_en-US" xlink:label="lab_us-gaap_ProceedsFromCollectionOfLoansHeldForSale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from Collection of Loans Held-for-sale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromCollectionOfLoansHeldForSale" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromCollectionOfLoansHeldForSale"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromCollectionOfLoansHeldForSale" xlink:to="lab_us-gaap_ProceedsFromCollectionOfLoansHeldForSale" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold_e1418f49-9295-4183-aae9-796529e1d5a2_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sales, calls, other</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold_09edc86a-ea6b-4a71-a7f5-49071f1dfc7f_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reduction to allowance for securities sold during the period</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss, Securities Sold</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends_df9a97d5-358b-4c72-99bf-07d692ddf626_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dividends paid deduction</link:label>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Deduction, Dividend, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentFiscalPeriodFocus_b70bd109-2cda-4472-808e-74b2e52f8398_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:label id="lab_dei_DocumentFiscalPeriodFocus_label_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalPeriodFocus" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentFiscalPeriodFocus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalPeriodFocus" xlink:to="lab_dei_DocumentFiscalPeriodFocus" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_OtherLiabilitiesMiscellaneous_3027cdeb-ce42-414b-a25f-3512cd2c7840_terseLabel_en-US" xlink:label="lab_rwt_OtherLiabilitiesMiscellaneous" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
    <link:label id="lab_rwt_OtherLiabilitiesMiscellaneous_label_en-US" xlink:label="lab_rwt_OtherLiabilitiesMiscellaneous" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Liabilities, Miscellaneous</link:label>
    <link:label id="lab_rwt_OtherLiabilitiesMiscellaneous_documentation_en-US" xlink:label="lab_rwt_OtherLiabilitiesMiscellaneous" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Liabilities, Miscellaneous</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherLiabilitiesMiscellaneous" xlink:href="rwt-20210331.xsd#rwt_OtherLiabilitiesMiscellaneous"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_OtherLiabilitiesMiscellaneous" xlink:to="lab_rwt_OtherLiabilitiesMiscellaneous" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_d5e690fd-941e-430d-82d4-f17313e27ed2_terseLabel_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">MSR fees received</link:label>
    <link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_label_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Flows Between Transferor and Transferee, Servicing Fees</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees" xlink:to="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_7697082d-a837-4da0-b798-28dbdaed66ab_totalLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net income (loss) allocated to common shareholders</link:label>
    <link:label id="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_label_en-US" xlink:label="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Income (Loss) Available to Common Stockholders, Diluted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:to="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LoansHeldForSaleMeasurementInput_3267ef6a-fdc0-4f90-853f-b4d5cae01853_terseLabel_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans held-for-sale, measurement input</link:label>
    <link:label id="lab_us-gaap_LoansHeldForSaleMeasurementInput_label_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Held-for-sale, Measurement Input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansHeldForSaleMeasurementInput" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansHeldForSaleMeasurementInput"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansHeldForSaleMeasurementInput" xlink:to="lab_us-gaap_LoansHeldForSaleMeasurementInput" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityFilerCategory_95241a8d-c7fb-4490-bff7-46d1d307ef2a_terseLabel_en-US" xlink:label="lab_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Filer Category</link:label>
    <link:label id="lab_dei_EntityFilerCategory_label_en-US" xlink:label="lab_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Filer Category</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFilerCategory" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityFilerCategory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFilerCategory" xlink:to="lab_dei_EntityFilerCategory" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommonStockMember_0a308bdc-4fb6-4072-ae8a-ef009ecf5743_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common Stock</link:label>
    <link:label id="lab_us-gaap_CommonStockMember_label_en-US" xlink:label="lab_us-gaap_CommonStockMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common Stock [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockMember" xlink:to="lab_us-gaap_CommonStockMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent_09b10fb5-7d78-473c-ac89-79625706bd22_verboseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Realized net losses reclassified from other comprehensive income</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MeasurementInputHomePriceAppreciationMember_77a65ec8-292b-461d-9c87-7d47e152356b_terseLabel_en-US" xlink:label="lab_rwt_MeasurementInputHomePriceAppreciationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Home price appreciation</link:label>
    <link:label id="lab_rwt_MeasurementInputHomePriceAppreciationMember_label_en-US" xlink:label="lab_rwt_MeasurementInputHomePriceAppreciationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Home Price Appreciation [Member]</link:label>
    <link:label id="lab_rwt_MeasurementInputHomePriceAppreciationMember_documentation_en-US" xlink:label="lab_rwt_MeasurementInputHomePriceAppreciationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Home Price Appreciation [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputHomePriceAppreciationMember" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputHomePriceAppreciationMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MeasurementInputHomePriceAppreciationMember" xlink:to="lab_rwt_MeasurementInputHomePriceAppreciationMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_DebtSecuritiesAvailableForSalePrincipalBalance_f5716917-bb0b-40c1-834d-68a5d17c1745_terseLabel_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableForSalePrincipalBalance" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal balance</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableForSalePrincipalBalance_label_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableForSalePrincipalBalance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available For Sale, Principal Balance</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableForSalePrincipalBalance_documentation_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableForSalePrincipalBalance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available For Sale, Principal Balance</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableForSalePrincipalBalance" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableForSalePrincipalBalance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_DebtSecuritiesAvailableForSalePrincipalBalance" xlink:to="lab_rwt_DebtSecuritiesAvailableForSalePrincipalBalance" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ShorttermDebtPledgedasCollateral_e6b431e5-3470-403a-90fe-cf0e7e0f59c9_totalLabel_en-US" xlink:label="lab_rwt_ShorttermDebtPledgedasCollateral" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total collateral for financing</link:label>
    <link:label id="lab_rwt_ShorttermDebtPledgedasCollateral_label_en-US" xlink:label="lab_rwt_ShorttermDebtPledgedasCollateral" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term Debt Pledged as Collateral</link:label>
    <link:label id="lab_rwt_ShorttermDebtPledgedasCollateral_documentation_en-US" xlink:label="lab_rwt_ShorttermDebtPledgedasCollateral" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term Debt Pledged as Collateral</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ShorttermDebtPledgedasCollateral" xlink:href="rwt-20210331.xsd#rwt_ShorttermDebtPledgedasCollateral"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ShorttermDebtPledgedasCollateral" xlink:to="lab_rwt_ShorttermDebtPledgedasCollateral" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate_1f360f66-2d3a-4c0f-94e4-67402dc6e880_terseLabel_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">200 basis point increase</link:label>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate_label_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis of Fair Value of Interests Continued to Be Held by Transferor Servicing Assets or Liabilities Impact of Two Hundred Basis Point Adverse Change in Discount Rate</link:label>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate_documentation_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">The hypothetical financial impact of a 200 basis point adverse change of the discount rate on the fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate" xlink:to="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock_d20632db-07f6-4221-940d-e6c471e6edf2_terseLabel_en-US" xlink:label="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassifications out of Accumulated Other Comprehensive Income</link:label>
    <link:label id="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock" xlink:to="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses_2bcbb6f8-03b1-45a9-adc0-9f2a780d8b19_terseLabel_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Realized credit losses</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses_label_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss, Realized Credit Gains (Losses)</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses_documentation_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Changes to the credit reserve on available-for-sale securities due to realized credit losses.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses" xlink:to="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1_75770eb2-ee48-42ef-b9db-bcbe438dd6f5_terseLabel_en-US" xlink:label="lab_us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expected life (in years)</link:label>
    <link:label id="lab_us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1_label_en-US" xlink:label="lab_us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Weighted Average Life</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1" xlink:to="lab_us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherCommitmentsAxis_5b7a236c-a26a-43f6-acc5-cc5d64137444_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Commitments [Axis]</link:label>
    <link:label id="lab_us-gaap_OtherCommitmentsAxis_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Commitments [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitmentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitmentsAxis" xlink:to="lab_us-gaap_OtherCommitmentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember_4b893e63-5597-48dd-9b4a-c905d23f469d_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Liabilities</link:label>
    <link:label id="lab_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember_label_en-US" xlink:label="lab_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Financial Instruments, Liabilities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember" xlink:to="lab_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_3524dd9a-90c2-4de0-9ade-30ca7e0f833e_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table]</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:to="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RestatementDomain_4988a373-496c-4a76-8ffa-be31d6b4c224_terseLabel_en-US" xlink:label="lab_srt_RestatementDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Revision of Prior Period [Domain]</link:label>
    <link:label id="lab_srt_RestatementDomain_label_en-US" xlink:label="lab_srt_RestatementDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Revision of Prior Period [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RestatementDomain" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RestatementDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RestatementDomain" xlink:to="lab_srt_RestatementDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_bb70d405-ef40-4927-83f4-c31ad8a996b1_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument interest rate</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_81455424-17a3-48d9-8fc4-52a88f33cdb5_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Interest Rate (as a percent)</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument, Interest Rate, Stated Percentage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:to="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_4fe42392-c08d-4aa9-8623-d2381679cb0f_netLabel_en-US" xlink:label="lab_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Changes in fair value of assets</link:label>
    <link:label id="lab_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_be4b6f8d-67ce-4b02-ae8e-106ea94d53d0_terseLabel_en-US" xlink:label="lab_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Market valuations gains (losses), net</link:label>
    <link:label id="lab_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_label_en-US" xlink:label="lab_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (Decrease) in Fair Value Adjustments on Assets</link:label>
    <link:label id="lab_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_documentation_en-US" xlink:label="lab_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (Decrease) in Fair Value Adjustments on Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets" xlink:href="rwt-20210331.xsd#rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets" xlink:to="lab_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockCompensationPlanMember_e05f333e-c8cd-41eb-99f0-35a0377e7eef_terseLabel_en-US" xlink:label="lab_us-gaap_StockCompensationPlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity awards</link:label>
    <link:label id="lab_us-gaap_StockCompensationPlanMember_label_en-US" xlink:label="lab_us-gaap_StockCompensationPlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment Arrangement [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockCompensationPlanMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockCompensationPlanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockCompensationPlanMember" xlink:to="lab_us-gaap_StockCompensationPlanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NoncashInvestingAndFinancingItemsAbstract_dcb37525-5811-429c-96a9-e4336a632620_terseLabel_en-US" xlink:label="lab_us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Supplemental Noncash Information:</link:label>
    <link:label id="lab_us-gaap_NoncashInvestingAndFinancingItemsAbstract_label_en-US" xlink:label="lab_us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Noncash Investing and Financing Items [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoncashInvestingAndFinancingItemsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:to="lab_us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EarningsPerShareDilutedAbstract_1d21f4af-4974-4ae9-b596-83c6741ab431_terseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareDilutedAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Diluted Earnings (Loss) per Common Share:</link:label>
    <link:label id="lab_us-gaap_EarningsPerShareDilutedAbstract_label_en-US" xlink:label="lab_us-gaap_EarningsPerShareDilutedAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings Per Share, Diluted [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDilutedAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract" xlink:to="lab_us-gaap_EarningsPerShareDilutedAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_a58afd4e-71b7-41d7-90e9-dbea95f992e5_totalLabel_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net (decrease) increase in cash, cash equivalents and restricted cash</link:label>
    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_label_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:to="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LossContingencyNatureDomain_6e8b4303-7efb-4496-9a5b-508c2704ac9f_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyNatureDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loss Contingency, Nature [Domain]</link:label>
    <link:label id="lab_us-gaap_LossContingencyNatureDomain_label_en-US" xlink:label="lab_us-gaap_LossContingencyNatureDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loss Contingency, Nature [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingencyNatureDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LossContingencyNatureDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingencyNatureDomain" xlink:to="lab_us-gaap_LossContingencyNatureDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember_61ab57c4-9551-4c7c-a152-475f7ab7a650_verboseLabel_en-US" xlink:label="lab_rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business purpose residential loan warehouse</link:label>
    <link:label id="lab_rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember_label_en-US" xlink:label="lab_rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single-Family Rental Loan Warehouse Facilities [Member]</link:label>
    <link:label id="lab_rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember_documentation_en-US" xlink:label="lab_rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single-Family Rental Loan Warehouse Facilities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember" xlink:to="lab_rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff_ccd6d3f7-1e7e-443b-822b-ca5d8f4a4203_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Write-offs charged against allowance</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss, Writeoff</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions_2c3c080a-6eb4-4f78-abb1-261b29beae52_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of securities in unrealized loss position</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod_6c46f420-94b3-4019-90fb-93e4d0a0a8c7_terseLabel_en-US" xlink:label="lab_rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal balance of loans acquired</link:label>
    <link:label id="lab_rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod_label_en-US" xlink:label="lab_rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal Balance of Loans Acquired During Period</link:label>
    <link:label id="lab_rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod_documentation_en-US" xlink:label="lab_rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal Balance of Loans Acquired During Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod" xlink:href="rwt-20210331.xsd#rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod" xlink:to="lab_rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestPaidNet_ffa359e7-eb99-4f62-85f6-4c95326f4a6b_terseLabel_en-US" xlink:label="lab_us-gaap_InterestPaidNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest</link:label>
    <link:label id="lab_us-gaap_InterestPaidNet_label_en-US" xlink:label="lab_us-gaap_InterestPaidNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Paid, Excluding Capitalized Interest, Operating Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPaidNet" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestPaidNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestPaidNet" xlink:to="lab_us-gaap_InterestPaidNet" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_MortgageLoansOnRealEstateLineItems_e5f93641-97bd-4f57-9a1a-b77f9756220a_terseLabel_en-US" xlink:label="lab_srt_MortgageLoansOnRealEstateLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</link:label>
    <link:label id="lab_srt_MortgageLoansOnRealEstateLineItems_label_en-US" xlink:label="lab_srt_MortgageLoansOnRealEstateLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems" xlink:to="lab_srt_MortgageLoansOnRealEstateLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_CashPaidDuringPeriodAbstract_1b431560-ce28-485e-9e1c-43ab2b2b25ff_terseLabel_en-US" xlink:label="lab_rwt_CashPaidDuringPeriodAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash paid during the period for:</link:label>
    <link:label id="lab_rwt_CashPaidDuringPeriodAbstract_label_en-US" xlink:label="lab_rwt_CashPaidDuringPeriodAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Paid During Period [Abstract]</link:label>
    <link:label id="lab_rwt_CashPaidDuringPeriodAbstract_documentation_en-US" xlink:label="lab_rwt_CashPaidDuringPeriodAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Paid During Period [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CashPaidDuringPeriodAbstract" xlink:href="rwt-20210331.xsd#rwt_CashPaidDuringPeriodAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_CashPaidDuringPeriodAbstract" xlink:to="lab_rwt_CashPaidDuringPeriodAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery_c4818fff-6264-4f14-b9e9-ab3d1c5192a3_negatedLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recoveries of amounts previously written off</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss, Recovery</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleRestricted_6628f856-2d37-4949-b436-165a9aa4265f_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleRestricted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Available-for-sale securities pledged as collateral</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleRestricted_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleRestricted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Restricted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleRestricted" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleRestricted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleRestricted" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleRestricted" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock_5416e111-7bd6-482f-a807-acbea77bd7e4_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Components of General and Administrative Expenses and Other Expenses</link:label>
    <link:label id="lab_us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Other Operating Cost and Expense, by Component [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock" xlink:to="lab_us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_852d21e5-215c-4ebe-bee4-69487627d265_totalLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total equity</link:label>
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod_4400887a-6b36-4bed-a034-b150dcc53c0a_terseLabel_en-US" xlink:label="lab_rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal balance of loans transferred</link:label>
    <link:label id="lab_rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod_label_en-US" xlink:label="lab_rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal Amount Of Loans Securitized During Period</link:label>
    <link:label id="lab_rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod_documentation_en-US" xlink:label="lab_rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal Amount Of Loans Securitized During Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod" xlink:href="rwt-20210331.xsd#rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod" xlink:to="lab_rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_ca3bd3e6-c9e9-4072-9ca2-268e03482f9a_terseLabel_en-US" xlink:label="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Basis of Presentation</link:label>
    <link:label id="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_label_en-US" xlink:label="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:to="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock_b6ee65df-a660-43ef-a280-39301f1d9de9_terseLabel_en-US" xlink:label="lab_rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Changes of Unamortized Discount and Designated Credit Reserves on Residential Available for Sale Securities</link:label>
    <link:label id="lab_rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock_label_en-US" xlink:label="lab_rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unamortized Discount and Designated Credit Reserves on Available for Sale Securities [Table Text Block]</link:label>
    <link:label id="lab_rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock_documentation_en-US" xlink:label="lab_rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tabular disclosure of the changes in the unamortized discount and designated credit reserves on Available for Sale securities for the period.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock" xlink:to="lab_rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_b8b55ef2-040f-43b9-b88d-92012d48b6d5_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2022</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finite-Lived Intangible Asset, Expected Amortization, Year One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementClassOfStockAxis_88a9bade-0bea-4cd3-a875-16a828eb92df_terseLabel_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Class of Stock [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementClassOfStockAxis_label_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Class of Stock [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementClassOfStockAxis" xlink:to="lab_us-gaap_StatementClassOfStockAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod_02e8c09c-801c-4f53-bf0b-196a848048e2_terseLabel_en-US" xlink:label="lab_rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair value option elected aggregate carrying amount, asset</link:label>
    <link:label id="lab_rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod_label_en-US" xlink:label="lab_rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Option, Assets, Aggregate Carrying Amount During Period</link:label>
    <link:label id="lab_rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod_documentation_en-US" xlink:label="lab_rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Option, Assets, Aggregate Carrying Amount During Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod" xlink:href="rwt-20210331.xsd#rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod" xlink:to="lab_rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfDerivativeInstrumentsTextBlock_063289b1-3617-45cf-9ced-3ca8c284ca5a_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfDerivativeInstrumentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value and Notional Amount of Derivative Financial Instruments</link:label>
    <link:label id="lab_us-gaap_ScheduleOfDerivativeInstrumentsTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfDerivativeInstrumentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Derivative Instruments [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDerivativeInstrumentsTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfDerivativeInstrumentsTextBlock" xlink:to="lab_us-gaap_ScheduleOfDerivativeInstrumentsTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MortgageBankingActivitiesNet_24a923ee-a125-4c98-ba54-a1792a5ce23b_terseLabel_en-US" xlink:label="lab_rwt_MortgageBankingActivitiesNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage banking activities, net</link:label>
    <link:label id="lab_rwt_MortgageBankingActivitiesNet_d65e8330-91c7-419a-9a6e-7692853c4e2d_totalLabel_en-US" xlink:label="lab_rwt_MortgageBankingActivitiesNet" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage banking activities, net</link:label>
    <link:label id="lab_rwt_MortgageBankingActivitiesNet_label_en-US" xlink:label="lab_rwt_MortgageBankingActivitiesNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Banking Activities, Net</link:label>
    <link:label id="lab_rwt_MortgageBankingActivitiesNet_documentation_en-US" xlink:label="lab_rwt_MortgageBankingActivitiesNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">The net income attributable to mortgage banking activities. This includes market valuations related to residential and commercial loans, Sequoia IOs, and mortgage banking derivatives, as well as realized gains or losses associated with mortgage loan sales.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingActivitiesNet" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingActivitiesNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MortgageBankingActivitiesNet" xlink:to="lab_rwt_MortgageBankingActivitiesNet" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense_9ecce102-4946-47b9-93b5-071093dd3274_terseLabel_en-US" xlink:label="lab_rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Acquisition-related equity compensation expense</link:label>
    <link:label id="lab_rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense_label_en-US" xlink:label="lab_rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Acquisition Related Share-based Payment Arrangement, Expense</link:label>
    <link:label id="lab_rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense_documentation_en-US" xlink:label="lab_rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Acquisition Related Share-based Payment Arrangement, Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense" xlink:href="rwt-20210331.xsd#rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense" xlink:to="lab_rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ResidentialMortgageMember_d0a25d70-1857-444a-b98e-ac6c5e96f913_verboseLabel_en-US" xlink:label="lab_us-gaap_ResidentialMortgageMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans</link:label>
    <link:label id="lab_us-gaap_ResidentialMortgageMember_81a0fdbf-ff1f-4b55-ac2c-ad421a41f2bc_terseLabel_en-US" xlink:label="lab_us-gaap_ResidentialMortgageMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Held-for-sale residential loans</link:label>
    <link:label id="lab_us-gaap_ResidentialMortgageMember_label_en-US" xlink:label="lab_us-gaap_ResidentialMortgageMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Mortgage [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ResidentialMortgageMember" xlink:to="lab_us-gaap_ResidentialMortgageMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EarningsPerShareDiluted_2b7c8eb2-71d6-433c-9e2c-9eed8ecdee71_terseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareDiluted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Diluted earnings (loss) per common share (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_EarningsPerShareDiluted_573c2b09-d7d0-4c50-8fb0-cca9073032ce_verboseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareDiluted" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Diluted Earnings (Loss) per Common Share (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_EarningsPerShareDiluted_label_en-US" xlink:label="lab_us-gaap_EarningsPerShareDiluted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings Per Share, Diluted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareDiluted" xlink:to="lab_us-gaap_EarningsPerShareDiluted" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt_052bca32-5df4-458a-975e-e4ad90dcb76d_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair value of securities sold</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from Sale of Debt Securities, Available-for-sale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt" xlink:to="lab_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_VariableInterestEntityLineItems_f2967067-bb06-4493-8423-1924948d749e_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Variable Interest Entity [Line Items]</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityLineItems_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Variable Interest Entity [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityLineItems" xlink:to="lab_us-gaap_VariableInterestEntityLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfShortTermDebtTextBlock_3b863296-25c2-4e92-a317-446d3a8cee52_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfShortTermDebtTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-Term Debt Facilities</link:label>
    <link:label id="lab_us-gaap_ScheduleOfShortTermDebtTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfShortTermDebtTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Short-term Debt [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTextBlock" xlink:to="lab_us-gaap_ScheduleOfShortTermDebtTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ExcessMortgageServicingRightsIOs_62d69529-9873-4eff-bc28-58eed9be1ab9_terseLabel_en-US" xlink:label="lab_rwt_ExcessMortgageServicingRightsIOs" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Excess MSRs</link:label>
    <link:label id="lab_rwt_ExcessMortgageServicingRightsIOs_label_en-US" xlink:label="lab_rwt_ExcessMortgageServicingRightsIOs" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Excess Mortgage Servicing Rights, IOs</link:label>
    <link:label id="lab_rwt_ExcessMortgageServicingRightsIOs_documentation_en-US" xlink:label="lab_rwt_ExcessMortgageServicingRightsIOs" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Excess Mortgage Servicing Rights, IOs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsIOs" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsIOs"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ExcessMortgageServicingRightsIOs" xlink:to="lab_rwt_ExcessMortgageServicingRightsIOs" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred_15660f48-056e-434a-bae2-4e88ff9d74ca_terseLabel_en-US" xlink:label="lab_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of securitization entities to which asset transferred (in entities)</link:label>
    <link:label id="lab_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred_label_en-US" xlink:label="lab_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of Securitization Entities to which Asset Transferred</link:label>
    <link:label id="lab_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred_documentation_en-US" xlink:label="lab_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of Securitization Entities to which Asset Transferred</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred" xlink:href="rwt-20210331.xsd#rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred" xlink:to="lab_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable_c8e39737-1103-4248-bcac-3f7365f90a40_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted stock awards</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Combination, Consideration Transferred, Equity Interests Issued and Issuable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable" xlink:to="lab_us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherRealEstate_192c11a1-ca7a-4948-ab64-329623bf0514_terseLabel_en-US" xlink:label="lab_us-gaap_OtherRealEstate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">REO</link:label>
    <link:label id="lab_us-gaap_OtherRealEstate_label_en-US" xlink:label="lab_us-gaap_OtherRealEstate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Real Estate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherRealEstate" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherRealEstate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherRealEstate" xlink:to="lab_us-gaap_OtherRealEstate" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock_f3acde11-271c-4397-a151-cbc8c4d6f787_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Long-term Debt Instruments</link:label>
    <link:label id="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Long-term Debt Instruments [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:to="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressAddressLine1_f967e16d-0c7f-4c36-8374-5a92bb64f5c7_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address Address Line</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine1_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressAddressLine1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1" xlink:to="lab_dei_EntityAddressAddressLine1" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ResidentialBridgeLoansHeldForInvestmentMember_4d7bc2fc-b509-434a-9ddd-b82051f6fe38_terseLabel_en-US" xlink:label="lab_rwt_ResidentialBridgeLoansHeldForInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Bridge loans held-for-investment</link:label>
    <link:label id="lab_rwt_ResidentialBridgeLoansHeldForInvestmentMember_35e22dae-b507-4eec-b71f-cdd4d9a00611_verboseLabel_en-US" xlink:label="lab_rwt_ResidentialBridgeLoansHeldForInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Bridge loans</link:label>
    <link:label id="lab_rwt_ResidentialBridgeLoansHeldForInvestmentMember_label_en-US" xlink:label="lab_rwt_ResidentialBridgeLoansHeldForInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Bridge Loans Held-For-Investment [Member]</link:label>
    <link:label id="lab_rwt_ResidentialBridgeLoansHeldForInvestmentMember_documentation_en-US" xlink:label="lab_rwt_ResidentialBridgeLoansHeldForInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Bridge Loans Held-for-investment [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember" xlink:href="rwt-20210331.xsd#rwt_ResidentialBridgeLoansHeldForInvestmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember" xlink:to="lab_rwt_ResidentialBridgeLoansHeldForInvestmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NoncompeteAgreementsMember_44781317-a8f5-4421-97d9-9321b730e7bd_terseLabel_en-US" xlink:label="lab_us-gaap_NoncompeteAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Noncompete Agreements [Member]</link:label>
    <link:label id="lab_us-gaap_NoncompeteAgreementsMember_label_en-US" xlink:label="lab_us-gaap_NoncompeteAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Noncompete Agreements [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncompeteAgreementsMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoncompeteAgreementsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoncompeteAgreementsMember" xlink:to="lab_us-gaap_NoncompeteAgreementsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_EmployeeStockPurchasePlanMember_73c0f5a7-922a-4c74-95f1-12e0c70da1a1_terseLabel_en-US" xlink:label="lab_rwt_EmployeeStockPurchasePlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee Stock Purchase Plan</link:label>
    <link:label id="lab_rwt_EmployeeStockPurchasePlanMember_label_en-US" xlink:label="lab_rwt_EmployeeStockPurchasePlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee Stock Purchase Plan [Member]</link:label>
    <link:label id="lab_rwt_EmployeeStockPurchasePlanMember_documentation_en-US" xlink:label="lab_rwt_EmployeeStockPurchasePlanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee Stock Purchase Plan [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_EmployeeStockPurchasePlanMember" xlink:href="rwt-20210331.xsd#rwt_EmployeeStockPurchasePlanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_EmployeeStockPurchasePlanMember" xlink:to="lab_rwt_EmployeeStockPurchasePlanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InvestmentsAllOtherInvestmentsAbstract_c5c5e611-a540-4fc1-aaf1-d118a56a3e2e_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentsAllOtherInvestmentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investments, All Other Investments [Abstract]</link:label>
    <link:label id="lab_us-gaap_InvestmentsAllOtherInvestmentsAbstract_label_en-US" xlink:label="lab_us-gaap_InvestmentsAllOtherInvestmentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investments, All Other Investments [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsAllOtherInvestmentsAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsAllOtherInvestmentsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentsAllOtherInvestmentsAbstract" xlink:to="lab_us-gaap_InvestmentsAllOtherInvestmentsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate_ca987482-fe24-465f-8955-0e8a961059ad_terseLabel_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Default rate</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate_label_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss, Qualitative Disclosures, Default Rate</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate_documentation_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss, Qualitative Disclosures, Default Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate" xlink:to="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_4e1bfe96-182c-4a37-bb72-9882ae088bda_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Emerging growth company</link:label>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany" xlink:to="lab_dei_EntityEmergingGrowthCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_DebtInstrumentAverageMaturityTerm_70750ef9-68f5-43f6-9d95-81d64fab3e63_terseLabel_en-US" xlink:label="lab_rwt_DebtInstrumentAverageMaturityTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Days Until Maturity</link:label>
    <link:label id="lab_rwt_DebtInstrumentAverageMaturityTerm_label_en-US" xlink:label="lab_rwt_DebtInstrumentAverageMaturityTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument Average, Maturity Term</link:label>
    <link:label id="lab_rwt_DebtInstrumentAverageMaturityTerm_documentation_en-US" xlink:label="lab_rwt_DebtInstrumentAverageMaturityTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument Average, Maturity Term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtInstrumentAverageMaturityTerm" xlink:href="rwt-20210331.xsd#rwt_DebtInstrumentAverageMaturityTerm"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_DebtInstrumentAverageMaturityTerm" xlink:to="lab_rwt_DebtInstrumentAverageMaturityTerm" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccruedInvestmentIncomeReceivable_00c60f77-bf62-4776-82a5-e91c44b32310_terseLabel_en-US" xlink:label="lab_us-gaap_AccruedInvestmentIncomeReceivable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment receivable</link:label>
    <link:label id="lab_us-gaap_AccruedInvestmentIncomeReceivable_label_en-US" xlink:label="lab_us-gaap_AccruedInvestmentIncomeReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued Investment Income Receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedInvestmentIncomeReceivable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccruedInvestmentIncomeReceivable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccruedInvestmentIncomeReceivable" xlink:to="lab_us-gaap_AccruedInvestmentIncomeReceivable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeLiability_bc3546a2-c844-49f9-8715-a10eac0a072a_negatedLabel_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeLiability" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Amounts of Recognized Assets (Liabilities)</link:label>
    <link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeLiability_label_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Liability, Fair Value, Gross Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeLiability" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeFairValueOfDerivativeLiability" xlink:to="lab_us-gaap_DerivativeFairValueOfDerivativeLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent_e185bd27-3f76-46d5-b54e-1844891e6c84_terseLabel_en-US" xlink:label="lab_rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustable rate (as a percent)</link:label>
    <link:label id="lab_rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent_label_en-US" xlink:label="lab_rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Owned, Held-for-Investment, Adjustable Rate, Percent</link:label>
    <link:label id="lab_rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent_documentation_en-US" xlink:label="lab_rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Owned, Held-for-Investment, Adjustable Rate, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent" xlink:href="rwt-20210331.xsd#rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent" xlink:to="lab_rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_7b54b11b-a6fd-4d0e-9b01-1cc023080099_negatedLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated amortization</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finite-Lived Intangible Assets, Accumulated Amortization</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingCostsAndExpenses_b5500c3f-c2bf-447c-8fa2-bde98afdc400_totalLabel_en-US" xlink:label="lab_us-gaap_OperatingCostsAndExpenses" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Other Expenses</link:label>
    <link:label id="lab_us-gaap_OperatingCostsAndExpenses_label_en-US" xlink:label="lab_us-gaap_OperatingCostsAndExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Costs and Expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingCostsAndExpenses" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingCostsAndExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingCostsAndExpenses" xlink:to="lab_us-gaap_OperatingCostsAndExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_HomeAppreciationOptionMember_0e72be8a-e2b2-45a6-8a3d-cc936a8d275f_netLabel_en-US" xlink:label="lab_rwt_HomeAppreciationOptionMember" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Shared home appreciation options</link:label>
    <link:label id="lab_rwt_HomeAppreciationOptionMember_a50231a8-33cf-46a9-a474-97677a5ddffa_verboseLabel_en-US" xlink:label="lab_rwt_HomeAppreciationOptionMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Shared Home Appreciation Options</link:label>
    <link:label id="lab_rwt_HomeAppreciationOptionMember_4f492849-ab2b-4602-8ed4-785adbdf6cfa_terseLabel_en-US" xlink:label="lab_rwt_HomeAppreciationOptionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Shared home appreciation options</link:label>
    <link:label id="lab_rwt_HomeAppreciationOptionMember_label_en-US" xlink:label="lab_rwt_HomeAppreciationOptionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Home Appreciation Option [Member]</link:label>
    <link:label id="lab_rwt_HomeAppreciationOptionMember_documentation_en-US" xlink:label="lab_rwt_HomeAppreciationOptionMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Home Appreciation Option [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionMember" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_HomeAppreciationOptionMember" xlink:to="lab_rwt_HomeAppreciationOptionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_MaximumMember_1355b5a6-a4c0-4a69-b1e7-15576e81817b_terseLabel_en-US" xlink:label="lab_srt_MaximumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Maximum</link:label>
    <link:label id="lab_srt_MaximumMember_label_en-US" xlink:label="lab_srt_MaximumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Maximum [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MaximumMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_MaximumMember" xlink:to="lab_srt_MaximumMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_CommercialLoansAtFairValueMember_14e78684-3c07-4eed-9aa1-43ca03949951_terseLabel_en-US" xlink:label="lab_rwt_CommercialLoansAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Bridge loans</link:label>
    <link:label id="lab_rwt_CommercialLoansAtFairValueMember_label_en-US" xlink:label="lab_rwt_CommercialLoansAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commercial Loans at Fair Value [Member]</link:label>
    <link:label id="lab_rwt_CommercialLoansAtFairValueMember_documentation_en-US" xlink:label="lab_rwt_CommercialLoansAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commercial Loans at Fair Value [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommercialLoansAtFairValueMember" xlink:href="rwt-20210331.xsd#rwt_CommercialLoansAtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_CommercialLoansAtFairValueMember" xlink:to="lab_rwt_CommercialLoansAtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GainLossOnInvestments_f6b437d3-44ee-4d70-bd76-b520ac209e1f_terseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain (loss) on investments</link:label>
    <link:label id="lab_us-gaap_GainLossOnInvestments_label_en-US" xlink:label="lab_us-gaap_GainLossOnInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain (Loss) on Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnInvestments" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainLossOnInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnInvestments" xlink:to="lab_us-gaap_GainLossOnInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_0362f848-4391-4f95-9c5b-7a319bd0e390_terseLabel_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans, held-for-sale</link:label>
    <link:label id="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_label_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Held-for-sale, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansHeldForSaleFairValueDisclosure" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansHeldForSaleFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansHeldForSaleFairValueDisclosure" xlink:to="lab_us-gaap_LoansHeldForSaleFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RepaymentsOfOtherDebt_db39f123-eea5-4704-b78e-999ec3df9770_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_RepaymentsOfOtherDebt" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repayments on long-term debt</link:label>
    <link:label id="lab_us-gaap_RepaymentsOfOtherDebt_label_en-US" xlink:label="lab_us-gaap_RepaymentsOfOtherDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repayments of Other Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfOtherDebt" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfOtherDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepaymentsOfOtherDebt" xlink:to="lab_us-gaap_RepaymentsOfOtherDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal_6bca8185-df11-4c84-99a0-5601d2e142ba_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfers to (release of) credit reserves, net</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Change in Present Value, Expense (Reversal)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember_80ee955d-1734-4a36-a5be-3d852f4ab67b_terseLabel_en-US" xlink:label="lab_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-Recourse BPL Financing, Facility A</link:label>
    <link:label id="lab_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember_label_en-US" xlink:label="lab_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-Recourse Business Purpose Loan Financing Facility One [Member]</link:label>
    <link:label id="lab_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember_documentation_en-US" xlink:label="lab_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-Recourse Business Purpose Loan Financing Facility One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember" xlink:href="rwt-20210331.xsd#rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember" xlink:to="lab_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateContinuingOperations_d0130a9b-ccca-4b44-a490-a4a79e9810db_totalLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Effective Tax Rate</link:label>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateContinuingOperations_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_ab357910-f291-469e-b0b7-d9e6ced52962_terseLabel_en-US" xlink:label="lab_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unamortized capitalized commitment costs</link:label>
    <link:label id="lab_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_label_en-US" xlink:label="lab_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" xlink:to="lab_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_e1d5bda2-84e0-4b96-b4fc-d24194d008b5_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_20213936-9ff2-44c9-8003-3af50ecf7871_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Liabilities</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned, Gross Including Not Subject to Master Netting Arrangement [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract" xlink:to="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_952fe57e-9aea-469f-aeb2-b36ebb9e6c54_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:to="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GuaranteeObligationsMember_ce3eb73e-1155-41d7-92db-0936d4d142be_terseLabel_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Guarantee Obligations</link:label>
    <link:label id="lab_us-gaap_GuaranteeObligationsMember_label_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Guarantee Obligations [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GuaranteeObligationsMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GuaranteeObligationsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteeObligationsMember" xlink:to="lab_us-gaap_GuaranteeObligationsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax_efaae043-de36-4e13-83c6-e43d181c52dc_terseLabel_en-US" xlink:label="lab_rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Add back: Interest expense on convertible notes for the period, net of tax</link:label>
    <link:label id="lab_rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax_label_en-US" xlink:label="lab_rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest and Gain (Loss) on Extinguishment of Convertible Debt, Net of Tax</link:label>
    <link:label id="lab_rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax_documentation_en-US" xlink:label="lab_rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest and Gain (Loss) on Extinguishment of Convertible Debt, Net of Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax" xlink:href="rwt-20210331.xsd#rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax" xlink:to="lab_rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InvestmentTypeCategorizationMember_61371ce2-5d18-43c4-a97a-f7e31ff08ec5_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentTypeCategorizationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investments [Domain]</link:label>
    <link:label id="lab_us-gaap_InvestmentTypeCategorizationMember_label_en-US" xlink:label="lab_us-gaap_InvestmentTypeCategorizationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investments [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember" xlink:to="lab_us-gaap_InvestmentTypeCategorizationMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_TradingSymbol_387874a0-2d5e-48b2-9912-8145c72eef0e_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading Symbol</link:label>
    <link:label id="lab_dei_TradingSymbol_label_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading Symbol</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_TradingSymbol"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol" xlink:to="lab_dei_TradingSymbol" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LoansPledgedAsCollateral_770647e5-ef53-4e08-8655-6545187a3003_terseLabel_en-US" xlink:label="lab_us-gaap_LoansPledgedAsCollateral" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Market value of loans pledged as collateral under short-term borrowing agreements</link:label>
    <link:label id="lab_us-gaap_LoansPledgedAsCollateral_label_en-US" xlink:label="lab_us-gaap_LoansPledgedAsCollateral" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Pledged as Collateral</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansPledgedAsCollateral" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansPledgedAsCollateral"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansPledgedAsCollateral" xlink:to="lab_us-gaap_LoansPledgedAsCollateral" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan_9c8fd83c-b57f-4314-805e-9bdff266ce72_terseLabel_en-US" xlink:label="lab_rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Direct stock purchase and dividend reinvestment plan (in shares)</link:label>
    <link:label id="lab_rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan_label_en-US" xlink:label="lab_rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Issued During Period, Shares, Dividend Reinvestment and Stock Purchase Plan</link:label>
    <link:label id="lab_rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan_documentation_en-US" xlink:label="lab_rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Issued During Period, Shares, Dividend Reinvestment and Stock Purchase Plan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan" xlink:href="rwt-20210331.xsd#rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan" xlink:to="lab_rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_f754b2e8-551e-48f3-8b26-ee84466170ba_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) [Table]</link:label>
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_label_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:to="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_StockholdersEquityNoteLineItems_0908a899-5bcc-4742-9a99-438132caee63_terseLabel_en-US" xlink:label="lab_rwt_StockholdersEquityNoteLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stockholders Equity Note [Line Items]</link:label>
    <link:label id="lab_rwt_StockholdersEquityNoteLineItems_label_en-US" xlink:label="lab_rwt_StockholdersEquityNoteLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stockholders Equity Note [Line Items]</link:label>
    <link:label id="lab_rwt_StockholdersEquityNoteLineItems_documentation_en-US" xlink:label="lab_rwt_StockholdersEquityNoteLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stockholders Equity Note [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockholdersEquityNoteLineItems" xlink:href="rwt-20210331.xsd#rwt_StockholdersEquityNoteLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_StockholdersEquityNoteLineItems" xlink:to="lab_rwt_StockholdersEquityNoteLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_LegacySequoiaSecuritizationEntitiesMember_dd3146e3-83a9-4894-a9dd-6f6aeeb23227_terseLabel_en-US" xlink:label="lab_rwt_LegacySequoiaSecuritizationEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Legacy Sequoia</link:label>
    <link:label id="lab_rwt_LegacySequoiaSecuritizationEntitiesMember_label_en-US" xlink:label="lab_rwt_LegacySequoiaSecuritizationEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Legacy Sequoia Securitization Entities [Member]</link:label>
    <link:label id="lab_rwt_LegacySequoiaSecuritizationEntitiesMember_documentation_en-US" xlink:label="lab_rwt_LegacySequoiaSecuritizationEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Legacy Sequoia Securitization Entities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_LegacySequoiaSecuritizationEntitiesMember" xlink:to="lab_rwt_LegacySequoiaSecuritizationEntitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeCollateralRightToReclaimCash_671ed136-b20d-4f43-a5af-1712696aebaa_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeCollateralRightToReclaimCash" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged</link:label>
    <link:label id="lab_us-gaap_DerivativeCollateralRightToReclaimCash_label_en-US" xlink:label="lab_us-gaap_DerivativeCollateralRightToReclaimCash" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative, Collateral, Right to Reclaim Cash</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralRightToReclaimCash" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimCash"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeCollateralRightToReclaimCash" xlink:to="lab_us-gaap_DerivativeCollateralRightToReclaimCash" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeCollateralRightToReclaimSecurities_1bad2b85-1ea5-4862-b59f-610d76f413b1_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeCollateralRightToReclaimSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments</link:label>
    <link:label id="lab_us-gaap_DerivativeCollateralRightToReclaimSecurities_label_en-US" xlink:label="lab_us-gaap_DerivativeCollateralRightToReclaimSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative, Collateral, Right to Reclaim Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralRightToReclaimSecurities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeCollateralRightToReclaimSecurities" xlink:to="lab_us-gaap_DerivativeCollateralRightToReclaimSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_d1239ab4-83fe-45b2-8370-fc2cce35fce1_terseLabel_en-US" xlink:label="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Organization, Consolidation and Presentation of Financial Statements [Abstract]</link:label>
    <link:label id="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_label_en-US" xlink:label="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Organization, Consolidation and Presentation of Financial Statements [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:to="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost_a5527d72-1e82-414b-8566-0b41de0ec0cd_totalLabel_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">12 Consecutive Months or Longer, Amortized Cost</link:label>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost_label_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Available for Sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Amortized Cost</link:label>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost_documentation_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">This item represents the amortized cost basis of securities that have been in a loss position for twelve months or longer for those securities which are categorized neither as held-to-maturity nor trading securities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost" xlink:to="lab_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityShellCompany_76304c14-b1f0-42ef-8eaa-ea5b62599d22_terseLabel_en-US" xlink:label="lab_dei_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Shell Company</link:label>
    <link:label id="lab_dei_EntityShellCompany_label_en-US" xlink:label="lab_dei_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Shell Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityShellCompany" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityShellCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityShellCompany" xlink:to="lab_dei_EntityShellCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestRateSwaptionMember_045e1246-d8ff-4b78-959e-8830fca1216d_terseLabel_en-US" xlink:label="lab_us-gaap_InterestRateSwaptionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Swaptions</link:label>
    <link:label id="lab_us-gaap_InterestRateSwaptionMember_label_en-US" xlink:label="lab_us-gaap_InterestRateSwaptionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Rate Swaption [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwaptionMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestRateSwaptionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestRateSwaptionMember" xlink:to="lab_us-gaap_InterestRateSwaptionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SegmentReportingInformationLineItems_ce258d21-98e7-4c7a-96e1-18596d230c16_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentReportingInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Segment Reporting Information [Line Items]</link:label>
    <link:label id="lab_us-gaap_SegmentReportingInformationLineItems_label_en-US" xlink:label="lab_us-gaap_SegmentReportingInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Segment Reporting Information [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentReportingInformationLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems" xlink:to="lab_us-gaap_SegmentReportingInformationLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueMeasurementsRecurringMember_6894199f-caf2-4519-a6c1-eab98a70e27c_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsRecurringMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurements, Recurring</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementsRecurringMember_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsRecurringMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Recurring [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementsRecurringMember" xlink:to="lab_us-gaap_FairValueMeasurementsRecurringMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_150ce0f2-63f7-4e24-a28e-92a5631b8eb2_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Measurement Inputs and Valuation Techniques [Line Items]</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Measurement Inputs and Valuation Techniques [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent_dc7e4fe7-beb4-4a09-9a7e-5c814cf99bbf_terseLabel_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Prepayment speed assumption (annual CPR)</link:label>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent_label_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of Other than 10 or 20 Percent Adverse Change in Prepayment Speed, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent" xlink:to="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MeasurementInputDefaultRateMember_3beb031e-06f6-4fb9-89f4-38ca3db97549_terseLabel_en-US" xlink:label="lab_us-gaap_MeasurementInputDefaultRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Default rate</link:label>
    <link:label id="lab_us-gaap_MeasurementInputDefaultRateMember_label_en-US" xlink:label="lab_us-gaap_MeasurementInputDefaultRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Default Rate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputDefaultRateMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputDefaultRateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MeasurementInputDefaultRateMember" xlink:to="lab_us-gaap_MeasurementInputDefaultRateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentType_c5c6db5f-c551-47b4-98e5-906fb30d8744_terseLabel_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Type</link:label>
    <link:label id="lab_dei_DocumentType_label_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Type</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentType"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherNonoperatingIncomeExpense_9ac42b5c-0a91-462e-b8a1-03b072ecdbe4_verboseLabel_en-US" xlink:label="lab_us-gaap_OtherNonoperatingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_OtherNonoperatingIncomeExpense_65099d3d-50b3-464f-9dd8-de28d43920da_terseLabel_en-US" xlink:label="lab_us-gaap_OtherNonoperatingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_OtherNonoperatingIncomeExpense_label_en-US" xlink:label="lab_us-gaap_OtherNonoperatingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Nonoperating Income (Expense)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpense" xlink:to="lab_us-gaap_OtherNonoperatingIncomeExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_dd077b94-7a34-43ae-8024-80f9c90bed5e_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Consolidated VIEs</link:label>
    <link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Variable Interest Entities [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:to="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RealEstateAcquisitionsThroughForeclosures_3740ebdf-e62d-4278-a616-3a95ec05ea26_terseLabel_en-US" xlink:label="lab_us-gaap_RealEstateAcquisitionsThroughForeclosures" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amount related to transfers into REO</link:label>
    <link:label id="lab_us-gaap_RealEstateAcquisitionsThroughForeclosures_label_en-US" xlink:label="lab_us-gaap_RealEstateAcquisitionsThroughForeclosures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Acquisition Through Foreclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAcquisitionsThroughForeclosures" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateAcquisitionsThroughForeclosures"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealEstateAcquisitionsThroughForeclosures" xlink:to="lab_us-gaap_RealEstateAcquisitionsThroughForeclosures" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_PaymentsForOriginationOfLoansHeldForInvestment_17527a5b-18af-48c2-8785-7d8ff20509d5_negatedLabel_en-US" xlink:label="lab_rwt_PaymentsForOriginationOfLoansHeldForInvestment" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Originations of loan investments</link:label>
    <link:label id="lab_rwt_PaymentsForOriginationOfLoansHeldForInvestment_label_en-US" xlink:label="lab_rwt_PaymentsForOriginationOfLoansHeldForInvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments for Origination of Loans Held-for-Investment</link:label>
    <link:label id="lab_rwt_PaymentsForOriginationOfLoansHeldForInvestment_documentation_en-US" xlink:label="lab_rwt_PaymentsForOriginationOfLoansHeldForInvestment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments for Origination of Loans Held-for-Investment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PaymentsForOriginationOfLoansHeldForInvestment" xlink:href="rwt-20210331.xsd#rwt_PaymentsForOriginationOfLoansHeldForInvestment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_PaymentsForOriginationOfLoansHeldForInvestment" xlink:to="lab_rwt_PaymentsForOriginationOfLoansHeldForInvestment" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_6cd13918-23cc-4f44-9aa0-d1e2d79df2a4_terseLabel_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Segments [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_label_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Segments [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis" xlink:to="lab_us-gaap_StatementBusinessSegmentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_c728145e-ed73-4043-8f92-119dd0044caf_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Changes to Accumulated Other Comprehensive Income by Component</link:label>
    <link:label id="lab_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_OffsettingAssetAndLiabilitiesTable_ad6493e9-a87b-4549-b994-767daa6b4593_terseLabel_en-US" xlink:label="lab_rwt_OffsettingAssetAndLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Offsetting Asset and Liabilities [Table]</link:label>
    <link:label id="lab_rwt_OffsettingAssetAndLiabilitiesTable_label_en-US" xlink:label="lab_rwt_OffsettingAssetAndLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Offsetting Asset and Liabilities [Table]</link:label>
    <link:label id="lab_rwt_OffsettingAssetAndLiabilitiesTable_documentation_en-US" xlink:label="lab_rwt_OffsettingAssetAndLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Offsetting Asset and Liabilities [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OffsettingAssetAndLiabilitiesTable" xlink:href="rwt-20210331.xsd#rwt_OffsettingAssetAndLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_OffsettingAssetAndLiabilitiesTable" xlink:to="lab_rwt_OffsettingAssetAndLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueInputsLevel3Member_70a6688b-45b4-4384-aacd-e9e8e5fa6211_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel3Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Level 3</link:label>
    <link:label id="lab_us-gaap_FairValueInputsLevel3Member_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Inputs, Level 3 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel3Member" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel3Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel3Member" xlink:to="lab_us-gaap_FairValueInputsLevel3Member" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockRepurchasedDuringPeriodShares_877cce9d-7966-43bb-8c33-637eefa58656_terseLabel_en-US" xlink:label="lab_us-gaap_StockRepurchasedDuringPeriodShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common stock repurchased (in shares)</link:label>
    <link:label id="lab_us-gaap_StockRepurchasedDuringPeriodShares_label_en-US" xlink:label="lab_us-gaap_StockRepurchasedDuringPeriodShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Repurchased During Period, Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchasedDuringPeriodShares" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockRepurchasedDuringPeriodShares" xlink:to="lab_us-gaap_StockRepurchasedDuringPeriodShares" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeAssets_648f5fdf-c29a-43be-856e-28fa9ecab307_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative assets</link:label>
    <link:label id="lab_us-gaap_DerivativeAssets_f1100370-4dda-40c1-ae7e-0e515299b7a7_totalLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</link:label>
    <link:label id="lab_us-gaap_DerivativeAssets_label_en-US" xlink:label="lab_us-gaap_DerivativeAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Asset</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssets" xlink:to="lab_us-gaap_DerivativeAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RestrictedCashMember_7b722d08-a0a0-4140-9948-25c43f3903ec_terseLabel_en-US" xlink:label="lab_rwt_RestrictedCashMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted cash</link:label>
    <link:label id="lab_rwt_RestrictedCashMember_label_en-US" xlink:label="lab_rwt_RestrictedCashMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted Cash [Member]</link:label>
    <link:label id="lab_rwt_RestrictedCashMember_documentation_en-US" xlink:label="lab_rwt_RestrictedCashMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted Cash [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RestrictedCashMember" xlink:href="rwt-20210331.xsd#rwt_RestrictedCashMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RestrictedCashMember" xlink:to="lab_rwt_RestrictedCashMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinancingReceivableReclassificationToHeldForSale_38a9928f-5d2b-4f29-91b4-f4bfd04148a9_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableReclassificationToHeldForSale" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfers from loans held-for-investment to loans held-for-sale</link:label>
    <link:label id="lab_us-gaap_FinancingReceivableReclassificationToHeldForSale_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableReclassificationToHeldForSale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivable, Reclassification to Held-for-sale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableReclassificationToHeldForSale" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableReclassificationToHeldForSale"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableReclassificationToHeldForSale" xlink:to="lab_us-gaap_FinancingReceivableReclassificationToHeldForSale" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ExcessServicingEntitiesMember_f059f8da-867a-43ca-9e77-ec989b708a50_terseLabel_en-US" xlink:label="lab_rwt_ExcessServicingEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Investment</link:label>
    <link:label id="lab_rwt_ExcessServicingEntitiesMember_label_en-US" xlink:label="lab_rwt_ExcessServicingEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Excess Servicing Entities [Member]</link:label>
    <link:label id="lab_rwt_ExcessServicingEntitiesMember_documentation_en-US" xlink:label="lab_rwt_ExcessServicingEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Excess Servicing Entities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessServicingEntitiesMember" xlink:href="rwt-20210331.xsd#rwt_ExcessServicingEntitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ExcessServicingEntitiesMember" xlink:to="lab_rwt_ExcessServicingEntitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LineOfCreditMember_da2eac6e-757e-4c28-8f48-8ee104fff976_verboseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term debt</link:label>
    <link:label id="lab_us-gaap_LineOfCreditMember_05ff0eb1-129e-4731-a033-665a219e5c68_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Facilities</link:label>
    <link:label id="lab_us-gaap_LineOfCreditMember_label_en-US" xlink:label="lab_us-gaap_LineOfCreditMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Line of Credit [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditMember" xlink:to="lab_us-gaap_LineOfCreditMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock_823a55f1-6f21-420c-90ee-3ff1423be27c_terseLabel_en-US" xlink:label="lab_rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-Term Debt by Collateral Type and Remaining Maturities</link:label>
    <link:label id="lab_rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock_label_en-US" xlink:label="lab_rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Maturities of Debt Disclosure [Table Text Block]</link:label>
    <link:label id="lab_rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock_documentation_en-US" xlink:label="lab_rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Maturities of Debt Disclosure.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock" xlink:href="rwt-20210331.xsd#rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock" xlink:to="lab_rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased_72046099-026c-4625-896d-068c9198eab3_terseLabel_en-US" xlink:label="lab_rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unpaid principal balance of loans purchased</link:label>
    <link:label id="lab_rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased_label_en-US" xlink:label="lab_rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unpaid Principal Balance Of Securitization Purchased</link:label>
    <link:label id="lab_rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased_documentation_en-US" xlink:label="lab_rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unpaid Principal Balance Of Securitization Purchased</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased" xlink:href="rwt-20210331.xsd#rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased" xlink:to="lab_rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_dfa26638-4e78-4c83-b209-3d2043899da8_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Financial Instruments</link:label>
    <link:label id="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_label_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Instruments and Hedging Activities Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:to="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ServicingLiabilityAtFairValueAmount_e7b35903-91c6-4fc0-b166-ef5b1dcc15ff_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingLiabilityAtFairValueAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ABS issued</link:label>
    <link:label id="lab_us-gaap_ServicingLiabilityAtFairValueAmount_label_en-US" xlink:label="lab_us-gaap_ServicingLiabilityAtFairValueAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Liability at Fair Value, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingLiabilityAtFairValueAmount" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingLiabilityAtFairValueAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingLiabilityAtFairValueAmount" xlink:to="lab_us-gaap_ServicingLiabilityAtFairValueAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CallOptionMember_e4047773-28f6-4db4-badf-b5a680525ef7_terseLabel_en-US" xlink:label="lab_us-gaap_CallOptionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Calls</link:label>
    <link:label id="lab_us-gaap_CallOptionMember_label_en-US" xlink:label="lab_us-gaap_CallOptionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Call Option [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CallOptionMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CallOptionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CallOptionMember" xlink:to="lab_us-gaap_CallOptionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MaturityUpTo30DaysMember_898b8981-431e-4980-b303-c091fca2c017_terseLabel_en-US" xlink:label="lab_us-gaap_MaturityUpTo30DaysMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Within 30 days</link:label>
    <link:label id="lab_us-gaap_MaturityUpTo30DaysMember_label_en-US" xlink:label="lab_us-gaap_MaturityUpTo30DaysMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Maturity Less than 30 Days [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MaturityUpTo30DaysMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MaturityUpTo30DaysMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MaturityUpTo30DaysMember" xlink:to="lab_us-gaap_MaturityUpTo30DaysMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeCollateralObligationToReturnCash_e579166b-6f47-4f2b-92f5-951732c84942_negatedLabel_en-US" xlink:label="lab_us-gaap_DerivativeCollateralObligationToReturnCash" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged</link:label>
    <link:label id="lab_us-gaap_DerivativeCollateralObligationToReturnCash_label_en-US" xlink:label="lab_us-gaap_DerivativeCollateralObligationToReturnCash" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative, Collateral, Obligation to Return Cash</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralObligationToReturnCash" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralObligationToReturnCash"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeCollateralObligationToReturnCash" xlink:to="lab_us-gaap_DerivativeCollateralObligationToReturnCash" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FinancingReceivableContractMaturities_97b48f32-f9ed-40c3-ba2a-646e8fedba56_terseLabel_en-US" xlink:label="lab_rwt_FinancingReceivableContractMaturities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contract maturities</link:label>
    <link:label id="lab_rwt_FinancingReceivableContractMaturities_label_en-US" xlink:label="lab_rwt_FinancingReceivableContractMaturities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivable, Contract Maturities</link:label>
    <link:label id="lab_rwt_FinancingReceivableContractMaturities_documentation_en-US" xlink:label="lab_rwt_FinancingReceivableContractMaturities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivable, Contract Maturities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableContractMaturities" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableContractMaturities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FinancingReceivableContractMaturities" xlink:to="lab_rwt_FinancingReceivableContractMaturities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems_5b84cd09-8c5c-4f99-a56b-46e74ce7854f_terseLabel_en-US" xlink:label="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities [Line Items]</link:label>
    <link:label id="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems_label_en-US" xlink:label="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems" xlink:to="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_VariableRateAxis_208379bd-669f-44d0-bd8b-7bd0314dd900_terseLabel_en-US" xlink:label="lab_us-gaap_VariableRateAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Variable Rate [Axis]</link:label>
    <link:label id="lab_us-gaap_VariableRateAxis_label_en-US" xlink:label="lab_us-gaap_VariableRateAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Variable Rate [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableRateAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableRateAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableRateAxis" xlink:to="lab_us-gaap_VariableRateAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium_bf9b6df2-0948-4bf5-a146-834c108a6d21_terseLabel_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortization of net discount</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium_label_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss, Amortization of Net (Discount) Premium</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium_documentation_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Changes to credit reserve on available-for-sale securities due to the amortization of net discount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium" xlink:to="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_c55336bc-ebc8-4450-8a1b-af6ba25805ce_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Business Acquisitions, by Acquisition [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Business Acquisitions, by Acquisition [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="lab_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommitmentsAndContingencies_f56f4293-aa35-4a03-b806-756902118ff1_terseLabel_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingencies" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitments and Contingencies</link:label>
    <link:label id="lab_us-gaap_CommitmentsAndContingencies_label_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingencies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitments and Contingencies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingencies" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommitmentsAndContingencies"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsAndContingencies" xlink:to="lab_us-gaap_CommitmentsAndContingencies" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherInvestments_51bc853f-d8f3-47b9-bfc3-29d47d93e278_terseLabel_en-US" xlink:label="lab_us-gaap_OtherInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other investments</link:label>
    <link:label id="lab_us-gaap_OtherInvestments_a982183b-03ff-494f-9e30-df17cc4b0b79_totalLabel_en-US" xlink:label="lab_us-gaap_OtherInvestments" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Investments</link:label>
    <link:label id="lab_us-gaap_OtherInvestments_label_en-US" xlink:label="lab_us-gaap_OtherInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestments" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherInvestments" xlink:to="lab_us-gaap_OtherInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_d3570f7e-4316-4e1f-a623-1336621bd127_verboseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based compensation, vesting period (in years)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FHLBCCapitalStockDividend_8f3d04ec-9435-44b7-be58-dd85fdc66aa8_terseLabel_en-US" xlink:label="lab_rwt_FHLBCCapitalStockDividend" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">FHLBC capital stock dividend</link:label>
    <link:label id="lab_rwt_FHLBCCapitalStockDividend_label_en-US" xlink:label="lab_rwt_FHLBCCapitalStockDividend" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">FHLBC Capital Stock Dividend</link:label>
    <link:label id="lab_rwt_FHLBCCapitalStockDividend_documentation_en-US" xlink:label="lab_rwt_FHLBCCapitalStockDividend" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">FHLBC Capital Stock Dividend</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FHLBCCapitalStockDividend" xlink:href="rwt-20210331.xsd#rwt_FHLBCCapitalStockDividend"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FHLBCCapitalStockDividend" xlink:to="lab_rwt_FHLBCCapitalStockDividend" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_LoansPledgedAsCollateralLongTermDebtMember_9989aec4-b94a-4cc5-8302-70248543525b_terseLabel_en-US" xlink:label="lab_rwt_LoansPledgedAsCollateralLongTermDebtMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Pledged As Collateral, Long Term debt</link:label>
    <link:label id="lab_rwt_LoansPledgedAsCollateralLongTermDebtMember_label_en-US" xlink:label="lab_rwt_LoansPledgedAsCollateralLongTermDebtMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Pledged As Collateral, Long Term debt [Member]</link:label>
    <link:label id="lab_rwt_LoansPledgedAsCollateralLongTermDebtMember_documentation_en-US" xlink:label="lab_rwt_LoansPledgedAsCollateralLongTermDebtMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Pledged As Collateral, Long Term debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansPledgedAsCollateralLongTermDebtMember" xlink:href="rwt-20210331.xsd#rwt_LoansPledgedAsCollateralLongTermDebtMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_LoansPledgedAsCollateralLongTermDebtMember" xlink:to="lab_rwt_LoansPledgedAsCollateralLongTermDebtMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure_9dd9d068-9302-486e-be7d-21255e022926_terseLabel_en-US" xlink:label="lab_us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">FHLBC long-term borrowings</link:label>
    <link:label id="lab_us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure_label_en-US" xlink:label="lab_us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Federal Home Loan Bank Borrowings, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure" xlink:to="lab_us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressStateOrProvince_4a26f389-6d31-412b-b1c9-a61addff09c9_terseLabel_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:label id="lab_dei_EntityAddressStateOrProvince_label_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressStateOrProvince"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressStateOrProvince" xlink:to="lab_dei_EntityAddressStateOrProvince" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_8a717461-0c20-40d3-9eb6-e0cb7a11373f_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of stock awards vested (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccountsPayableCurrent_450e5821-b57c-4ac3-8108-6e1415cce04f_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsPayableCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current accounts payable</link:label>
    <link:label id="lab_us-gaap_AccountsPayableCurrent_label_en-US" xlink:label="lab_us-gaap_AccountsPayableCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounts Payable, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableCurrent" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsPayableCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsPayableCurrent" xlink:to="lab_us-gaap_AccountsPayableCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinancingReceivablesPeriodPastDueAxis_4042a923-a1a5-47ca-bf1e-df75ea3c916e_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivablesPeriodPastDueAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Asset, Period Past Due [Axis]</link:label>
    <link:label id="lab_us-gaap_FinancingReceivablesPeriodPastDueAxis_label_en-US" xlink:label="lab_us-gaap_FinancingReceivablesPeriodPastDueAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Asset, Period Past Due [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis" xlink:to="lab_us-gaap_FinancingReceivablesPeriodPastDueAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RetainedEarningsAccumulatedDeficit_7f53bcc9-dbcb-402f-a91c-5b0eb7a70167_terseLabel_en-US" xlink:label="lab_us-gaap_RetainedEarningsAccumulatedDeficit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cumulative earnings</link:label>
    <link:label id="lab_us-gaap_RetainedEarningsAccumulatedDeficit_label_en-US" xlink:label="lab_us-gaap_RetainedEarningsAccumulatedDeficit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Retained Earnings (Accumulated Deficit)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="lab_us-gaap_RetainedEarningsAccumulatedDeficit" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SecuredDebt_7efef868-e4d2-4bfa-ac45-b03bb199cb92_verboseLabel_en-US" xlink:label="lab_us-gaap_SecuredDebt" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Asset-backed securities issued (includes $6,475,472 and $6,900,362 at fair value), net</link:label>
    <link:label id="lab_us-gaap_SecuredDebt_b12c9c83-3ef2-4a69-860a-793dfd1af96a_terseLabel_en-US" xlink:label="lab_us-gaap_SecuredDebt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Asset-backed securities issued</link:label>
    <link:label id="lab_us-gaap_SecuredDebt_label_en-US" xlink:label="lab_us-gaap_SecuredDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Secured Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuredDebt" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuredDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuredDebt" xlink:to="lab_us-gaap_SecuredDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingLeaseRightOfUseAsset_320e967a-2fc5-4d43-a1f5-94d17772cd3e_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseRightOfUseAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating lease right-of-use assets</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseRightOfUseAsset_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseRightOfUseAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Lease, Right-of-Use Asset</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseRightOfUseAsset" xlink:to="lab_us-gaap_OperatingLeaseRightOfUseAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentUnamortizedDiscount_01dd2300-003f-4a6d-af3f-57c2eab1d35f_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnamortizedDiscount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unamortized debt discount</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentUnamortizedDiscount_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnamortizedDiscount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument, Unamortized Discount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedDiscount" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentUnamortizedDiscount" xlink:to="lab_us-gaap_DebtInstrumentUnamortizedDiscount" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeFinancialInstrumentsAssetsMember_8c15cac9-62ca-4b6a-8cb8-da759e57e866_verboseLabel_en-US" xlink:label="lab_us-gaap_DerivativeFinancialInstrumentsAssetsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivatives</link:label>
    <link:label id="lab_us-gaap_DerivativeFinancialInstrumentsAssetsMember_eecec523-9d70-4757-9de8-50541ed655ca_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeFinancialInstrumentsAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Assets</link:label>
    <link:label id="lab_us-gaap_DerivativeFinancialInstrumentsAssetsMember_label_en-US" xlink:label="lab_us-gaap_DerivativeFinancialInstrumentsAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Financial Instruments, Assets [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFinancialInstrumentsAssetsMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFinancialInstrumentsAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeFinancialInstrumentsAssetsMember" xlink:to="lab_us-gaap_DerivativeFinancialInstrumentsAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_a37c7289-3a61-42c5-9707-f2d25c3d2a28_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:to="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeTaxesPaid_36bf2379-b020-4b9a-8808-4f912ffd6452_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxesPaid" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Taxes</link:label>
    <link:label id="lab_us-gaap_IncomeTaxesPaid_label_en-US" xlink:label="lab_us-gaap_IncomeTaxesPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income Taxes Paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxesPaid" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeTaxesPaid"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxesPaid" xlink:to="lab_us-gaap_IncomeTaxesPaid" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_6d17b7c4-77cc-41b9-bd15-40dd02e2fdef_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity</link:label>
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:to="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock_4acb09f7-4c10-4475-9408-c702eb9ac50b_terseLabel_en-US" xlink:label="lab_rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Quarterly Activity of Residential Loans Held-for-Sale</link:label>
    <link:label id="lab_rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock_label_en-US" xlink:label="lab_rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Quarterly Activity of Residential Loans Held-for-Sale [Table Text Block]</link:label>
    <link:label id="lab_rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock_documentation_en-US" xlink:label="lab_rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Quarterly Activity of Residential Loans Held-for-Sale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock" xlink:to="lab_rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock_563c59dd-43ce-43ee-9fbd-ae269ec87be2_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated Variable Interest Entity's Sponsored by Redwood</link:label>
    <link:label id="lab_us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock" xlink:to="lab_us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_9b70d391-03eb-4da7-80ca-abb2b3e0e2cd_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value by Liability Class [Domain]</link:label>
    <link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_label_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value by Liability Class [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:to="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock_10be6b07-ece6-4e13-98a1-65b07413431b_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Activity of Allowance for Credit Losses for Available-for-sale Securities</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock_1681edb7-123b-4da3-9994-c14bf7ba3c1f_terseLabel_en-US" xlink:label="lab_rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Quarterly Activity of Residential Loans Held-for-Investment</link:label>
    <link:label id="lab_rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock_label_en-US" xlink:label="lab_rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Quarterly Activity of Residential Loans Held-for-Investment [Table Text Block]</link:label>
    <link:label id="lab_rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock_documentation_en-US" xlink:label="lab_rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Quarterly Activity of Residential Loans Held-for-Investment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock" xlink:to="lab_rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ServicingAssetMeasurementInput_848ee170-7412-4f37-babc-9e1c75ee1d61_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing asset, measurement input</link:label>
    <link:label id="lab_us-gaap_ServicingAssetMeasurementInput_label_en-US" xlink:label="lab_us-gaap_ServicingAssetMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Asset, Measurement Input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetMeasurementInput" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetMeasurementInput"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAssetMeasurementInput" xlink:to="lab_us-gaap_ServicingAssetMeasurementInput" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_ccd2d569-0e1a-40ac-98de-2838f58d86c3_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other investing activities, net</link:label>
    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_label_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments for (Proceeds from) Other Investing Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:to="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_BusinessCombinationDeferredConsideration_9a31b053-cb78-44fe-8406-f686a3711b98_terseLabel_en-US" xlink:label="lab_rwt_BusinessCombinationDeferredConsideration" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred consideration</link:label>
    <link:label id="lab_rwt_BusinessCombinationDeferredConsideration_label_en-US" xlink:label="lab_rwt_BusinessCombinationDeferredConsideration" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Combination, Deferred Consideration</link:label>
    <link:label id="lab_rwt_BusinessCombinationDeferredConsideration_documentation_en-US" xlink:label="lab_rwt_BusinessCombinationDeferredConsideration" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Combination, Deferred Consideration</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessCombinationDeferredConsideration" xlink:href="rwt-20210331.xsd#rwt_BusinessCombinationDeferredConsideration"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_BusinessCombinationDeferredConsideration" xlink:to="lab_rwt_BusinessCombinationDeferredConsideration" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PriceRiskDerivativeMember_d37c3100-db9f-46ad-a7d0-e7eb0f65e18b_terseLabel_en-US" xlink:label="lab_us-gaap_PriceRiskDerivativeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Risk management derivatives, net</link:label>
    <link:label id="lab_us-gaap_PriceRiskDerivativeMember_dacfa3ef-2433-493e-b49c-000a863adb8b_verboseLabel_en-US" xlink:label="lab_us-gaap_PriceRiskDerivativeMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Risk management derivatives</link:label>
    <link:label id="lab_us-gaap_PriceRiskDerivativeMember_label_en-US" xlink:label="lab_us-gaap_PriceRiskDerivativeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Price Risk Derivative [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PriceRiskDerivativeMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PriceRiskDerivativeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PriceRiskDerivativeMember" xlink:to="lab_us-gaap_PriceRiskDerivativeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueByLiabilityClassAxis_b25832f0-076a-4a8b-a6cd-73f71a4b31c2_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByLiabilityClassAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liability Class [Axis]</link:label>
    <link:label id="lab_us-gaap_FairValueByLiabilityClassAxis_label_en-US" xlink:label="lab_us-gaap_FairValueByLiabilityClassAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liability Class [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByLiabilityClassAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByLiabilityClassAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByLiabilityClassAxis" xlink:to="lab_us-gaap_FairValueByLiabilityClassAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_b75d73b6-708d-478e-924f-7588d603bba4_terseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-cash equity award compensation</link:label>
    <link:label id="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_label_en-US" xlink:label="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">APIC, Share-based Payment Arrangement, Increase for Cost Recognition</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:to="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward_c849b447-9e40-49e3-9fb6-b0e7b77bdd90_terseLabel_en-US" xlink:label="lab_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Roll Forward]</link:label>
    <link:label id="lab_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward_label_en-US" xlink:label="lab_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Roll Forward]</link:label>
    <link:label id="lab_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward_documentation_en-US" xlink:label="lab_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Roll Forward]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward" xlink:href="rwt-20210331.xsd#rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward" xlink:to="lab_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MortgageServicingRightsMember_c53b17e2-5a65-4bb2-9e6d-696c4a6c5927_verboseLabel_en-US" xlink:label="lab_rwt_MortgageServicingRightsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage servicing rights</link:label>
    <link:label id="lab_rwt_MortgageServicingRightsMember_489627f3-07a7-48b0-bfce-56766427af76_terseLabel_en-US" xlink:label="lab_rwt_MortgageServicingRightsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">MSRs</link:label>
    <link:label id="lab_rwt_MortgageServicingRightsMember_label_en-US" xlink:label="lab_rwt_MortgageServicingRightsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Servicing Rights [Member]</link:label>
    <link:label id="lab_rwt_MortgageServicingRightsMember_documentation_en-US" xlink:label="lab_rwt_MortgageServicingRightsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Servicing Rights [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MortgageServicingRightsMember" xlink:to="lab_rwt_MortgageServicingRightsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_CarryingValueOfLoansTableTextBlock_ec90889f-7274-4027-bda8-ad6dd8a1524f_terseLabel_en-US" xlink:label="lab_rwt_CarryingValueOfLoansTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Classifications and Carrying Value of Loans</link:label>
    <link:label id="lab_rwt_CarryingValueOfLoansTableTextBlock_label_en-US" xlink:label="lab_rwt_CarryingValueOfLoansTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Carrying Value Of Loans [Table Text Block]</link:label>
    <link:label id="lab_rwt_CarryingValueOfLoansTableTextBlock_documentation_en-US" xlink:label="lab_rwt_CarryingValueOfLoansTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tabular disclosure of the net carrying value for loans by entity as of the balance sheet date.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CarryingValueOfLoansTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_CarryingValueOfLoansTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_CarryingValueOfLoansTableTextBlock" xlink:to="lab_rwt_CarryingValueOfLoansTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_057fad96-956e-44b8-8526-93f54eeb0869_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]</link:label>
    <link:label id="lab_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_label_en-US" xlink:label="lab_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:to="lab_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_533c11f5-0cde-4e7f-b1b3-834ce5e38205_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Acquisitions</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_NumberOfPartnershipsConsolidated_5fc83728-f556-455e-9a7d-6143cda2d93a_terseLabel_en-US" xlink:label="lab_rwt_NumberOfPartnershipsConsolidated" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of partnerships consolidated</link:label>
    <link:label id="lab_rwt_NumberOfPartnershipsConsolidated_label_en-US" xlink:label="lab_rwt_NumberOfPartnershipsConsolidated" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number Of Partnerships Consolidated</link:label>
    <link:label id="lab_rwt_NumberOfPartnershipsConsolidated_documentation_en-US" xlink:label="lab_rwt_NumberOfPartnershipsConsolidated" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number Of Partnerships Consolidated</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfPartnershipsConsolidated" xlink:href="rwt-20210331.xsd#rwt_NumberOfPartnershipsConsolidated"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_NumberOfPartnershipsConsolidated" xlink:to="lab_rwt_NumberOfPartnershipsConsolidated" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_OtherThirdPartySecuritiesMember_e74efbaf-6457-4bcc-8f7b-5f8f752d6cb4_terseLabel_en-US" xlink:label="lab_rwt_OtherThirdPartySecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other third-party residential securities</link:label>
    <link:label id="lab_rwt_OtherThirdPartySecuritiesMember_label_en-US" xlink:label="lab_rwt_OtherThirdPartySecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Third Party Securities [Member]</link:label>
    <link:label id="lab_rwt_OtherThirdPartySecuritiesMember_documentation_en-US" xlink:label="lab_rwt_OtherThirdPartySecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Third Party Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherThirdPartySecuritiesMember" xlink:href="rwt-20210331.xsd#rwt_OtherThirdPartySecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_OtherThirdPartySecuritiesMember" xlink:to="lab_rwt_OtherThirdPartySecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock_eabfce52-3ef7-46c7-af77-5c73d0b15eb0_terseLabel_en-US" xlink:label="lab_rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Characteristics of Residential Loans Held-for-Investment</link:label>
    <link:label id="lab_rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock_label_en-US" xlink:label="lab_rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Characteristics of Residential Loans Held-for-Investment [Table Text Block]</link:label>
    <link:label id="lab_rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock_documentation_en-US" xlink:label="lab_rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Characteristics of Residential Loans Held-for-Investment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock" xlink:to="lab_rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessAcquisitionAxis_30cc342e-bec4-4a56-8886-8e616da3c8d3_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Acquisition [Axis]</link:label>
    <link:label id="lab_us-gaap_BusinessAcquisitionAxis_label_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Acquisition [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessAcquisitionAxis" xlink:to="lab_us-gaap_BusinessAcquisitionAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_MortgageLoansOnRealEstateScheduleTable_04095c5d-bea2-421a-bc5c-44b2dcef0735_terseLabel_en-US" xlink:label="lab_srt_MortgageLoansOnRealEstateScheduleTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate Schedule [Table]</link:label>
    <link:label id="lab_srt_MortgageLoansOnRealEstateScheduleTable_label_en-US" xlink:label="lab_srt_MortgageLoansOnRealEstateScheduleTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate Schedule [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable" xlink:to="lab_srt_MortgageLoansOnRealEstateScheduleTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities_3fa912cb-926a-4d6b-abfc-e614e6ec749d_negatedLabel_en-US" xlink:label="lab_us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Asset-backed securities issued</link:label>
    <link:label id="lab_us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities_label_en-US" xlink:label="lab_us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Expense, Beneficial Interests Issued by Consolidated Variable Interest Entities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities" xlink:to="lab_us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinancingReceivablePortfolioSegmentAxis_b9b526b5-257e-4fce-84bb-6b81e92efce9_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivablePortfolioSegmentAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivable Portfolio Segment [Axis]</link:label>
    <link:label id="lab_us-gaap_FinancingReceivablePortfolioSegmentAxis_label_en-US" xlink:label="lab_us-gaap_FinancingReceivablePortfolioSegmentAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivable Portfolio Segment [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablePortfolioSegmentAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablePortfolioSegmentAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivablePortfolioSegmentAxis" xlink:to="lab_us-gaap_FinancingReceivablePortfolioSegmentAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_UnrealizedGainLossOnInvestments_aecc90c1-e1ca-4ec1-a88d-f3a1265918d7_terseLabel_en-US" xlink:label="lab_us-gaap_UnrealizedGainLossOnInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment fair value changes, net</link:label>
    <link:label id="lab_us-gaap_UnrealizedGainLossOnInvestments_label_en-US" xlink:label="lab_us-gaap_UnrealizedGainLossOnInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unrealized Gain (Loss) on Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnInvestments" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnrealizedGainLossOnInvestments" xlink:to="lab_us-gaap_UnrealizedGainLossOnInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestPayableCurrent_d7be61e9-1376-43d8-b312-0c8d288cbc75_verboseLabel_en-US" xlink:label="lab_us-gaap_InterestPayableCurrent" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued interest payable on short-term debt</link:label>
    <link:label id="lab_us-gaap_InterestPayableCurrent_label_en-US" xlink:label="lab_us-gaap_InterestPayableCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Payable, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPayableCurrent" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestPayableCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestPayableCurrent" xlink:to="lab_us-gaap_InterestPayableCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock_afa669b5-fc81-4469-b5b1-852871ae3ea4_terseLabel_en-US" xlink:label="lab_rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued Interest Payable on Asset-Backed Securities Issued</link:label>
    <link:label id="lab_rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock_label_en-US" xlink:label="lab_rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule Of Interest Payable On Asset-Backed Securities Issued [Table Text Block]</link:label>
    <link:label id="lab_rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock_documentation_en-US" xlink:label="lab_rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule Of Interest Payable On Asset-Backed Securities Issued [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock" xlink:to="lab_rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ConvertibleDebtSecuritiesMember_40bb930c-2cf2-438f-a426-e48899bd75e0_terseLabel_en-US" xlink:label="lab_us-gaap_ConvertibleDebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Convertible Debt Securities</link:label>
    <link:label id="lab_us-gaap_ConvertibleDebtSecuritiesMember_label_en-US" xlink:label="lab_us-gaap_ConvertibleDebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Convertible Debt Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtSecuritiesMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConvertibleDebtSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConvertibleDebtSecuritiesMember" xlink:to="lab_us-gaap_ConvertibleDebtSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables_f431c60c-0deb-44c4-a0ee-856f0fa95e97_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sales of securities held in consolidated securitization trusts</link:label>
    <link:label id="lab_us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables_label_en-US" xlink:label="lab_us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from Collection of Retained Interest in Securitized Receivables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables" xlink:to="lab_us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentFairValue_c13fa882-535f-41ff-a36c-449f11996f0e_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ABS issued, net, Fair value</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentFairValue_ec20c72b-2918-4a29-96f7-59ccd4212a91_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFairValue" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ABS issued</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentFairValue_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFairValue" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentFairValue" xlink:to="lab_us-gaap_DebtInstrumentFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherOperatingIncomeExpenseNet_1fa918e1-0d52-465e-9745-d79922bffab1_terseLabel_en-US" xlink:label="lab_us-gaap_OtherOperatingIncomeExpenseNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other income, net</link:label>
    <link:label id="lab_us-gaap_OtherOperatingIncomeExpenseNet_label_en-US" xlink:label="lab_us-gaap_OtherOperatingIncomeExpenseNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Operating Income (Expense), Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherOperatingIncomeExpenseNet" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherOperatingIncomeExpenseNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherOperatingIncomeExpenseNet" xlink:to="lab_us-gaap_OtherOperatingIncomeExpenseNet" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm_6c867030-02a4-4e5f-8811-857ce5f40e07_terseLabel_en-US" xlink:label="lab_rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential bridge loans held-for-investment, original maturities (in months)</link:label>
    <link:label id="lab_rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm_label_en-US" xlink:label="lab_rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Owned, Held-for-Investment, Original Maturity, Term</link:label>
    <link:label id="lab_rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm_documentation_en-US" xlink:label="lab_rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Owned, Held-for-Investment, Original Maturity, Term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm" xlink:href="rwt-20210331.xsd#rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm" xlink:to="lab_rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_OtherAssetsAndOtherLiabilitiesLineItems_6a2fc9ef-51fe-4d66-a3fd-df26c0de0ea0_terseLabel_en-US" xlink:label="lab_rwt_OtherAssetsAndOtherLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Assets and Other Liabilities [Line Items]</link:label>
    <link:label id="lab_rwt_OtherAssetsAndOtherLiabilitiesLineItems_label_en-US" xlink:label="lab_rwt_OtherAssetsAndOtherLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Assets and Other Liabilities [Line Items]</link:label>
    <link:label id="lab_rwt_OtherAssetsAndOtherLiabilitiesLineItems_documentation_en-US" xlink:label="lab_rwt_OtherAssetsAndOtherLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Assets and Other Liabilities [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherAssetsAndOtherLiabilitiesLineItems" xlink:href="rwt-20210331.xsd#rwt_OtherAssetsAndOtherLiabilitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesLineItems" xlink:to="lab_rwt_OtherAssetsAndOtherLiabilitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8bd561ce-08b0-4bf9-b4cb-fbfcb1d68ea4_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (Decrease) in Stockholders' Equity</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (Decrease) in Stockholders' Equity [Roll Forward]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="lab_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProceedsFromIssuanceOfCommonStock_6c1df62a-25fb-451d-ada8-bb91dc6c6fb3_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net proceeds from issuance of common stock</link:label>
    <link:label id="lab_us-gaap_ProceedsFromIssuanceOfCommonStock_label_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from Issuance of Common Stock</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:to="lab_us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinancingReceivablesPeriodPastDueDomain_20b10fe5-d708-4183-bf25-96955f0af63d_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivablesPeriodPastDueDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Asset, Period Past Due [Domain]</link:label>
    <link:label id="lab_us-gaap_FinancingReceivablesPeriodPastDueDomain_label_en-US" xlink:label="lab_us-gaap_FinancingReceivablesPeriodPastDueDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Asset, Period Past Due [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain" xlink:to="lab_us-gaap_FinancingReceivablesPeriodPastDueDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_HomeAppreciationOptionsFairvalueDisclosure_14637332-a27d-493d-8976-036732a484a0_terseLabel_en-US" xlink:label="lab_rwt_HomeAppreciationOptionsFairvalueDisclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Shared home appreciation options</link:label>
    <link:label id="lab_rwt_HomeAppreciationOptionsFairvalueDisclosure_label_en-US" xlink:label="lab_rwt_HomeAppreciationOptionsFairvalueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Home Appreciation Options, Fair value Disclosure</link:label>
    <link:label id="lab_rwt_HomeAppreciationOptionsFairvalueDisclosure_documentation_en-US" xlink:label="lab_rwt_HomeAppreciationOptionsFairvalueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Home Appreciation Options, Fair value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionsFairvalueDisclosure" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionsFairvalueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_HomeAppreciationOptionsFairvalueDisclosure" xlink:to="lab_rwt_HomeAppreciationOptionsFairvalueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_58531826-b68b-4428-b3ff-5b47c79b03b9_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Basic and Diluted Earnings Per Common Share</link:label>
    <link:label id="lab_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember_3a2d2bad-19bf-4de5-bb7a-d31bdf7fa9ad_terseLabel_en-US" xlink:label="lab_rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitment To Fund Temporary Advances On Residential Bridge Loans</link:label>
    <link:label id="lab_rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember_label_en-US" xlink:label="lab_rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitment To Fund Temporary Advances On Residential Bridge Loans [Member]</link:label>
    <link:label id="lab_rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember_documentation_en-US" xlink:label="lab_rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitment To Fund Temporary Advances On Residential Bridge Loans [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember" xlink:to="lab_rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ExcessMortgageServicingRightsMember_758ad24c-a08d-4877-b6fb-9636b7052043_verboseLabel_en-US" xlink:label="lab_rwt_ExcessMortgageServicingRightsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Excess MSR</link:label>
    <link:label id="lab_rwt_ExcessMortgageServicingRightsMember_964ca634-a4df-47ab-83a7-223ef257e89e_terseLabel_en-US" xlink:label="lab_rwt_ExcessMortgageServicingRightsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Excess MSRs</link:label>
    <link:label id="lab_rwt_ExcessMortgageServicingRightsMember_label_en-US" xlink:label="lab_rwt_ExcessMortgageServicingRightsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Excess Mortgage Servicing Rights [Member]</link:label>
    <link:label id="lab_rwt_ExcessMortgageServicingRightsMember_documentation_en-US" xlink:label="lab_rwt_ExcessMortgageServicingRightsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Excess Mortgage Servicing Rights [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ExcessMortgageServicingRightsMember" xlink:to="lab_rwt_ExcessMortgageServicingRightsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_9cdd0e57-ad2d-4316-95f6-50d0c1d71197_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward" xlink:to="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MarketValuationAdjustmentsNet_d5e26d9f-4560-4397-86f5-44535d23cc48_negatedLabel_en-US" xlink:label="lab_rwt_MarketValuationAdjustmentsNet" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Market valuation adjustments</link:label>
    <link:label id="lab_rwt_MarketValuationAdjustmentsNet_9ba9b94c-fc9c-4b20-a429-b7609599e8c3_totalLabel_en-US" xlink:label="lab_rwt_MarketValuationAdjustmentsNet" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Market Valuation Gains (Losses), Net</link:label>
    <link:label id="lab_rwt_MarketValuationAdjustmentsNet_label_en-US" xlink:label="lab_rwt_MarketValuationAdjustmentsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Market Valuation Adjustments, Net</link:label>
    <link:label id="lab_rwt_MarketValuationAdjustmentsNet_documentation_en-US" xlink:label="lab_rwt_MarketValuationAdjustmentsNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">The aggregate net change in market value for certain assets and liabilities that was included in earnings for the period. This includes changes in market values for assets and liabilities accounted for at fair value, as well as the credit portion of other-than-temporary impairments on securities available for sale, impairments on loans held-for-sale and real estate owned.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MarketValuationAdjustmentsNet" xlink:href="rwt-20210331.xsd#rwt_MarketValuationAdjustmentsNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MarketValuationAdjustmentsNet" xlink:to="lab_rwt_MarketValuationAdjustmentsNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LineOfCredit_572759bb-d009-412d-a0b6-c80da8f089ae_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCredit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amount outstanding under credit facilities</link:label>
    <link:label id="lab_us-gaap_LineOfCredit_label_en-US" xlink:label="lab_us-gaap_LineOfCredit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term Line of Credit</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCredit" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCredit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCredit" xlink:to="lab_us-gaap_LineOfCredit" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_TrustPreferredSecuritiesMember_aad5b40e-d5f9-4b6c-902c-a91033f9138d_terseLabel_en-US" xlink:label="lab_rwt_TrustPreferredSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trust preferred securities and subordinated notes</link:label>
    <link:label id="lab_rwt_TrustPreferredSecuritiesMember_label_en-US" xlink:label="lab_rwt_TrustPreferredSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trust Preferred Securities [Member]</link:label>
    <link:label id="lab_rwt_TrustPreferredSecuritiesMember_documentation_en-US" xlink:label="lab_rwt_TrustPreferredSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trust Preferred Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TrustPreferredSecuritiesMember" xlink:href="rwt-20210331.xsd#rwt_TrustPreferredSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_TrustPreferredSecuritiesMember" xlink:to="lab_rwt_TrustPreferredSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_InterestOnlySeniorTradingSecuritiesMember_84731fda-4ff0-4024-8ce1-b76c782b78e8_terseLabel_en-US" xlink:label="lab_rwt_InterestOnlySeniorTradingSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Only Senior Trading Securities</link:label>
    <link:label id="lab_rwt_InterestOnlySeniorTradingSecuritiesMember_label_en-US" xlink:label="lab_rwt_InterestOnlySeniorTradingSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Only Senior Trading Securities [Member]</link:label>
    <link:label id="lab_rwt_InterestOnlySeniorTradingSecuritiesMember_documentation_en-US" xlink:label="lab_rwt_InterestOnlySeniorTradingSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Only Senior Trading Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestOnlySeniorTradingSecuritiesMember" xlink:href="rwt-20210331.xsd#rwt_InterestOnlySeniorTradingSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_InterestOnlySeniorTradingSecuritiesMember" xlink:to="lab_rwt_InterestOnlySeniorTradingSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherInvestmentsMember_70dcc1a9-9a0b-4610-800c-174a10809474_terseLabel_en-US" xlink:label="lab_us-gaap_OtherInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other investments</link:label>
    <link:label id="lab_us-gaap_OtherInvestmentsMember_label_en-US" xlink:label="lab_us-gaap_OtherInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Investments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestmentsMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherInvestmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherInvestmentsMember" xlink:to="lab_us-gaap_OtherInvestmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_BrokerNetworkMember_a29169a0-2f9d-42a5-8d2f-30197b4189a4_terseLabel_en-US" xlink:label="lab_rwt_BrokerNetworkMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Broker Network [Member]</link:label>
    <link:label id="lab_rwt_BrokerNetworkMember_label_en-US" xlink:label="lab_rwt_BrokerNetworkMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Broker Network [Member]</link:label>
    <link:label id="lab_rwt_BrokerNetworkMember_documentation_en-US" xlink:label="lab_rwt_BrokerNetworkMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Broker Network [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BrokerNetworkMember" xlink:href="rwt-20210331.xsd#rwt_BrokerNetworkMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_BrokerNetworkMember" xlink:to="lab_rwt_BrokerNetworkMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount_dde54887-5a31-4084-8c95-82e38200b511_terseLabel_en-US" xlink:label="lab_rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Remaining capacity</link:label>
    <link:label id="lab_rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount_label_en-US" xlink:label="lab_rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Issuance Program, Remaining Authorized Issuance Amount</link:label>
    <link:label id="lab_rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount_documentation_en-US" xlink:label="lab_rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Issuance Program, Remaining Authorized Issuance Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount" xlink:href="rwt-20210331.xsd#rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount" xlink:to="lab_rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_6dcaa14e-644b-4cf3-8cc5-1ef740fd7ec7_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net cash used in operating activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ServicerAdvanceInvestmentsMember_ea4ece15-41ef-4b07-ad2c-a1582a29b3cb_terseLabel_en-US" xlink:label="lab_rwt_ServicerAdvanceInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicer advance investments</link:label>
    <link:label id="lab_rwt_ServicerAdvanceInvestmentsMember_8f4e13bb-e08e-4495-bd63-f45499c5e50f_verboseLabel_en-US" xlink:label="lab_rwt_ServicerAdvanceInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicer Advance Investments</link:label>
    <link:label id="lab_rwt_ServicerAdvanceInvestmentsMember_label_en-US" xlink:label="lab_rwt_ServicerAdvanceInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicer Advance Investments [Member]</link:label>
    <link:label id="lab_rwt_ServicerAdvanceInvestmentsMember_documentation_en-US" xlink:label="lab_rwt_ServicerAdvanceInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicer Advance Investments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceInvestmentsMember" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceInvestmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ServicerAdvanceInvestmentsMember" xlink:to="lab_rwt_ServicerAdvanceInvestmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCentralIndexKey_8638efa3-0620-4f40-af79-6d95ed674876_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:label id="lab_dei_EntityCentralIndexKey_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityCentralIndexKey"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities_49d59ade-180a-409d-a3a4-5b0942954e46_terseLabel_en-US" xlink:label="lab_us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net effect of assumed convertible notes conversion to common shares (in shares)</link:label>
    <link:label id="lab_us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities_label_en-US" xlink:label="lab_us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities" xlink:to="lab_us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RelatedPartyDomain_15e7206f-ece9-4241-ab2e-53ab17174396_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Related Party [Domain]</link:label>
    <link:label id="lab_us-gaap_RelatedPartyDomain_label_en-US" xlink:label="lab_us-gaap_RelatedPartyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Related Party [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyDomain" xlink:to="lab_us-gaap_RelatedPartyDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_a9b42cc8-24bc-4acf-9fdf-b70e3ab0cf1b_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Committed line of credit</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Line of Credit Facility, Current Borrowing Capacity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" xlink:to="lab_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_LoansPledgedAsCollateralShortTermDebtMember_a20eb844-7400-49e4-ba9a-9b3b99060d86_terseLabel_en-US" xlink:label="lab_rwt_LoansPledgedAsCollateralShortTermDebtMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Pledged As Collateral, Short Term Debt</link:label>
    <link:label id="lab_rwt_LoansPledgedAsCollateralShortTermDebtMember_label_en-US" xlink:label="lab_rwt_LoansPledgedAsCollateralShortTermDebtMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Pledged As Collateral, Short Term Debt [Member]</link:label>
    <link:label id="lab_rwt_LoansPledgedAsCollateralShortTermDebtMember_documentation_en-US" xlink:label="lab_rwt_LoansPledgedAsCollateralShortTermDebtMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Pledged As Collateral, Short Term Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansPledgedAsCollateralShortTermDebtMember" xlink:href="rwt-20210331.xsd#rwt_LoansPledgedAsCollateralShortTermDebtMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_LoansPledgedAsCollateralShortTermDebtMember" xlink:to="lab_rwt_LoansPledgedAsCollateralShortTermDebtMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_66724b0a-f235-41ba-a61b-cfa0d8aaf2cc_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Rate Agreements Accounted for as Cash Flow Hedges</link:label>
    <link:label id="lab_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_label_en-US" xlink:label="lab_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember" xlink:to="lab_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeInstrumentRiskAxis_7d1265b5-f93f-4809-b798-e921d1101677_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentRiskAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Instrument [Axis]</link:label>
    <link:label id="lab_us-gaap_DerivativeInstrumentRiskAxis_label_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentRiskAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Instrument [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis" xlink:to="lab_us-gaap_DerivativeInstrumentRiskAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_865e4a2b-35e2-441a-a10a-aef262908f81_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finite-Lived Intangible Assets by Major Class [Axis]</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finite-Lived Intangible Assets by Major Class [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock_93816f68-f2fa-41c3-a16c-8c4c1efb399c_terseLabel_en-US" xlink:label="lab_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unconsolidated Variable Interest Entity's Sponsored by Redwood</link:label>
    <link:label id="lab_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock_label_en-US" xlink:label="lab_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Qualitative and Quantitative Information, Transferor's Continuing Involvement [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock" xlink:to="lab_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SegmentDomain_ea6ffef4-803a-4b85-b1c7-d55b0bd5fec6_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Segments [Domain]</link:label>
    <link:label id="lab_us-gaap_SegmentDomain_label_en-US" xlink:label="lab_us-gaap_SegmentDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Segments [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentDomain" xlink:to="lab_us-gaap_SegmentDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure_7bd8545a-a70c-4949-bb05-89e1bb67f7ba_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">FHLBC stock</link:label>
    <link:label id="lab_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure_label_en-US" xlink:label="lab_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment in Federal Home Loan Bank Stock, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure" xlink:to="lab_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_ef93c013-279e-4b39-aaa9-d835cece9ee5_totalLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortized cost</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Amortized Cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis" xlink:to="lab_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_668ea65f-c29e-4b53-a6b4-7c37c6654a2e_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross unrealized gains</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:to="lab_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementOfCashFlowsAbstract_564a3bcd-ba3a-4873-adca-1d35a549708b_terseLabel_en-US" xlink:label="lab_us-gaap_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statement of Cash Flows [Abstract]</link:label>
    <link:label id="lab_us-gaap_StatementOfCashFlowsAbstract_label_en-US" xlink:label="lab_us-gaap_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statement of Cash Flows [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract" xlink:to="lab_us-gaap_StatementOfCashFlowsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost_aecc123b-006f-4f49-8f2a-c0a50215d85a_terseLabel_en-US" xlink:label="lab_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ABS issued, net, Amortized cost</link:label>
    <link:label id="lab_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost_label_en-US" xlink:label="lab_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument, Asset Backed Securities Issued, Amortized Cost</link:label>
    <link:label id="lab_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost_documentation_en-US" xlink:label="lab_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument, Asset Backed Securities Issued, Amortized Cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost" xlink:href="rwt-20210331.xsd#rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost" xlink:to="lab_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans_bd81bb05-f846-4eaa-8192-863b4814b888_terseLabel_en-US" xlink:label="lab_rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee stock purchase and incentive plans (in shares)</link:label>
    <link:label id="lab_rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans_label_en-US" xlink:label="lab_rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Issued During Period, Shares, Employee Stock Purchase Plans And Other Incentive Plans</link:label>
    <link:label id="lab_rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans_documentation_en-US" xlink:label="lab_rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Issued During Period, Shares, Employee Stock Purchase Plans And Other Incentive Plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans" xlink:href="rwt-20210331.xsd#rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans" xlink:to="lab_rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_2bda9bb8-6e70-42ef-aec9-0fe62f2d9cdb_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gains (losses) in net income (loss), net</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeStatementLocationAxis_229aa56b-96dd-442b-a5e1-9e41327c6db8_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income Statement Location [Axis]</link:label>
    <link:label id="lab_us-gaap_IncomeStatementLocationAxis_label_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income Statement Location [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementLocationAxis" xlink:to="lab_us-gaap_IncomeStatementLocationAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCommonStockSharesOutstanding_6d6ad3f1-bf3b-4e20-aad1-bcbf1210aef9_terseLabel_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
    <link:label id="lab_dei_EntityCommonStockSharesOutstanding_label_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCommonStockSharesOutstanding" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityCommonStockSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCommonStockSharesOutstanding" xlink:to="lab_dei_EntityCommonStockSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShorttermDebtAverageOutstandingAmount_0dd4e6d0-d587-4b2f-b0df-b78891ef0597_terseLabel_en-US" xlink:label="lab_us-gaap_ShorttermDebtAverageOutstandingAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Average balance of short-term debt</link:label>
    <link:label id="lab_us-gaap_ShorttermDebtAverageOutstandingAmount_label_en-US" xlink:label="lab_us-gaap_ShorttermDebtAverageOutstandingAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term Debt, Average Outstanding Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShorttermDebtAverageOutstandingAmount" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShorttermDebtAverageOutstandingAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShorttermDebtAverageOutstandingAmount" xlink:to="lab_us-gaap_ShorttermDebtAverageOutstandingAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NoninterestIncomeAbstract_1a2afb3c-0c6f-4003-9aeb-5ba7c2dbd66b_terseLabel_en-US" xlink:label="lab_us-gaap_NoninterestIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-interest Income (Loss)</link:label>
    <link:label id="lab_us-gaap_NoninterestIncomeAbstract_label_en-US" xlink:label="lab_us-gaap_NoninterestIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Noninterest Income [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoninterestIncomeAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoninterestIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoninterestIncomeAbstract" xlink:to="lab_us-gaap_NoninterestIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock_e137489c-c649-4130-8ee5-d4ca10290946_terseLabel_en-US" xlink:label="lab_rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Third-Party Sponsored VIE Summary</link:label>
    <link:label id="lab_rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock_label_en-US" xlink:label="lab_rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Third-Party Sponsored VIE Summary [Table Text Block]</link:label>
    <link:label id="lab_rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock_documentation_en-US" xlink:label="lab_rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Third-Party Sponsored VIE Summary [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock" xlink:to="lab_rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves_a67cd4d7-9bee-4cb5-bf70-af775440611c_terseLabel_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfers to (release of) credit reserves, net</link:label>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves_label_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Available For Sale Securities Unamortized Discounts Premiums, Transfers to (Release of) Credit Reserves</link:label>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves_documentation_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfers to or releases of the credit reserve on available-for-sale securities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves" xlink:to="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock_646c55e9-4232-49af-bf58-5c489e473f4c_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Carrying Value of Residential Available for Sale Securities</link:label>
    <link:label id="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Available-for-sale Securities Reconciliation [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeNotionalAmount_b3ce64cb-b64b-4bdf-9450-263715949e51_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeNotionalAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Notional Amount</link:label>
    <link:label id="lab_us-gaap_DerivativeNotionalAmount_ab0edcbc-6c6a-4268-a3b8-f4cfff736cdf_verboseLabel_en-US" xlink:label="lab_us-gaap_DerivativeNotionalAmount" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Notional amount</link:label>
    <link:label id="lab_us-gaap_DerivativeNotionalAmount_label_en-US" xlink:label="lab_us-gaap_DerivativeNotionalAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative, Notional Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeNotionalAmount" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeNotionalAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeNotionalAmount" xlink:to="lab_us-gaap_DerivativeNotionalAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset_a22581fb-e7b5-4f64-9d4b-02963d3ebb8b_totalLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Amounts Offset in Consolidated Balance Sheet</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned, Asset</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset" xlink:to="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeNet_e60e06e6-63f1-48ac-8fcb-cb17fe0efb5d_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value</link:label>
    <link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeNet_label_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative, Fair Value, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeNet" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeFairValueOfDerivativeNet" xlink:to="lab_us-gaap_DerivativeFairValueOfDerivativeNet" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_LoanPurchaseCommitmentsFairValueDisclosure_6fb9aed8-f6a4-42e1-b72a-ac67309b155c_terseLabel_en-US" xlink:label="lab_rwt_LoanPurchaseCommitmentsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan purchase commitments, net</link:label>
    <link:label id="lab_rwt_LoanPurchaseCommitmentsFairValueDisclosure_label_en-US" xlink:label="lab_rwt_LoanPurchaseCommitmentsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan Purchase Commitments, Fair Value Disclosure</link:label>
    <link:label id="lab_rwt_LoanPurchaseCommitmentsFairValueDisclosure_documentation_en-US" xlink:label="lab_rwt_LoanPurchaseCommitmentsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan Purchase Commitments, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanPurchaseCommitmentsFairValueDisclosure" xlink:href="rwt-20210331.xsd#rwt_LoanPurchaseCommitmentsFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_LoanPurchaseCommitmentsFairValueDisclosure" xlink:to="lab_rwt_LoanPurchaseCommitmentsFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_InvestmentActivitiesMember_9fde9c30-9f51-4287-b773-e3e0e939e42e_terseLabel_en-US" xlink:label="lab_rwt_InvestmentActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment Fair Value Changes, Net</link:label>
    <link:label id="lab_rwt_InvestmentActivitiesMember_label_en-US" xlink:label="lab_rwt_InvestmentActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment Activities [Member]</link:label>
    <link:label id="lab_rwt_InvestmentActivitiesMember_documentation_en-US" xlink:label="lab_rwt_InvestmentActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment Activities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InvestmentActivitiesMember" xlink:href="rwt-20210331.xsd#rwt_InvestmentActivitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_InvestmentActivitiesMember" xlink:to="lab_rwt_InvestmentActivitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MeasurementInputPrepaymentRateMember_ca33ba0c-2046-410e-8142-363581cbdeb9_terseLabel_en-US" xlink:label="lab_us-gaap_MeasurementInputPrepaymentRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Prepayment rate (annual CPR)</link:label>
    <link:label id="lab_us-gaap_MeasurementInputPrepaymentRateMember_label_en-US" xlink:label="lab_us-gaap_MeasurementInputPrepaymentRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Prepayment Rate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputPrepaymentRateMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputPrepaymentRateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MeasurementInputPrepaymentRateMember" xlink:to="lab_us-gaap_MeasurementInputPrepaymentRateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SegmentReportingDisclosureTextBlock_62c7c045-e2cc-4e0f-a675-87dca832572d_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentReportingDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Segment Information</link:label>
    <link:label id="lab_us-gaap_SegmentReportingDisclosureTextBlock_label_en-US" xlink:label="lab_us-gaap_SegmentReportingDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Segment Reporting Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingDisclosureTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentReportingDisclosureTextBlock" xlink:to="lab_us-gaap_SegmentReportingDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodValueNewIssues_1fa106a7-a85c-47cd-abde-5c7e875e3f2c_terseLabel_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issuance of common stock</link:label>
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodValueNewIssues_label_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Issued During Period, Value, New Issues</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:to="lab_us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds_4eadc794-1760-4962-8e55-db423cd02356_terseLabel_en-US" xlink:label="lab_us-gaap_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real estate securities retained from loan securitizations</link:label>
    <link:label id="lab_us-gaap_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds_label_en-US" xlink:label="lab_us-gaap_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfers of Financial Assets Accounted for as Sale, Initial Fair Value of Assets Obtained as Proceeds</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds" xlink:to="lab_us-gaap_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_Security12bTitle_93270e23-6a76-49a0-a2b4-90aef6ddf9ac_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:label id="lab_dei_Security12bTitle_label_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_Security12bTitle"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_Security12bTitle" xlink:to="lab_dei_Security12bTitle" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsNet_9136012a-133f-4e4d-b814-5181b52c5de9_verboseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsNet" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intangible Assets at Acquisition</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsNet_2d669d28-54ae-40c8-ad7a-15d4a61c5025_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Carrying value</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsNet_c715e853-e395-4d94-a482-4590740533a8_totalLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsNet" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Future Intangible Asset Amortization</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsNet_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finite-Lived Intangible Assets, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PutOptionMember_0c184928-7317-415b-9368-37bd78876cb2_terseLabel_en-US" xlink:label="lab_us-gaap_PutOptionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sales</link:label>
    <link:label id="lab_us-gaap_PutOptionMember_label_en-US" xlink:label="lab_us-gaap_PutOptionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Put Option [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PutOptionMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PutOptionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PutOptionMember" xlink:to="lab_us-gaap_PutOptionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccruedIncomeTaxesCurrent_526118a7-f872-4e77-86c1-f0d99ef265b7_terseLabel_en-US" xlink:label="lab_us-gaap_AccruedIncomeTaxesCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued income taxes payable</link:label>
    <link:label id="lab_us-gaap_AccruedIncomeTaxesCurrent_label_en-US" xlink:label="lab_us-gaap_AccruedIncomeTaxesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued Income Taxes, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedIncomeTaxesCurrent" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccruedIncomeTaxesCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccruedIncomeTaxesCurrent" xlink:to="lab_us-gaap_AccruedIncomeTaxesCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_97d573e5-fc4f-4977-812a-947eebed8078_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net unrealized gain (loss) on available-for-sale securities</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:to="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers_0e3eeab6-1f8b-49af-8788-1467a7fb29d8_terseLabel_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from new transfers</link:label>
    <link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers_label_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Flows Between Transferor and Transferee, Proceeds from New Transfers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers" xlink:to="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SettlementInCommonStockMember_4a4f92e0-f201-457d-969d-91d479b32cc4_terseLabel_en-US" xlink:label="lab_rwt_SettlementInCommonStockMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Settlement in Common Stock</link:label>
    <link:label id="lab_rwt_SettlementInCommonStockMember_label_en-US" xlink:label="lab_rwt_SettlementInCommonStockMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Settlement in Common Stock [Member]</link:label>
    <link:label id="lab_rwt_SettlementInCommonStockMember_documentation_en-US" xlink:label="lab_rwt_SettlementInCommonStockMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Settlement in Common Stock</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SettlementInCommonStockMember" xlink:href="rwt-20210331.xsd#rwt_SettlementInCommonStockMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SettlementInCommonStockMember" xlink:to="lab_rwt_SettlementInCommonStockMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherAssetsFairValueDisclosure_167441c0-70f1-4946-883c-faae7273b04a_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssetsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">REO</link:label>
    <link:label id="lab_us-gaap_OtherAssetsFairValueDisclosure_label_en-US" xlink:label="lab_us-gaap_OtherAssetsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Assets, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsFairValueDisclosure" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssetsFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssetsFairValueDisclosure" xlink:to="lab_us-gaap_OtherAssetsFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock_16ff077f-75ce-46d1-baf3-c9127c31c3ab_terseLabel_en-US" xlink:label="lab_rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Components of Accrued Expenses and Other Liabilities</link:label>
    <link:label id="lab_rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued Expenses and Other Liabilities [Table Text Block]</link:label>
    <link:label id="lab_rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock_documentation_en-US" xlink:label="lab_rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued Expenses and Other Liabilities [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock" xlink:to="lab_rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember_04bb12ed-ea87-4d00-aec9-9f18da0d360a_terseLabel_en-US" xlink:label="lab_rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential loans, held-for-investment, at fair value</link:label>
    <link:label id="lab_rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember_label_en-US" xlink:label="lab_rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans Held For Investment At Fair Value, Including Loans At Historical Cost [Member]</link:label>
    <link:label id="lab_rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember_documentation_en-US" xlink:label="lab_rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans Held For Investment At Fair Value, Including Loans At Historical Cost [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember" xlink:to="lab_rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestPayableCurrentAndNoncurrent_5daf6cf0-372b-4887-a01d-8cd9aa550390_terseLabel_en-US" xlink:label="lab_us-gaap_InterestPayableCurrentAndNoncurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued interest payable</link:label>
    <link:label id="lab_us-gaap_InterestPayableCurrentAndNoncurrent_label_en-US" xlink:label="lab_us-gaap_InterestPayableCurrentAndNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPayableCurrentAndNoncurrent" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestPayableCurrentAndNoncurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestPayableCurrentAndNoncurrent" xlink:to="lab_us-gaap_InterestPayableCurrentAndNoncurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestExpense_5f951a8e-bf74-46d3-9c61-e418890fd225_negatedTotalLabel_en-US" xlink:label="lab_us-gaap_InterestExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total interest expense</link:label>
    <link:label id="lab_us-gaap_InterestExpense_b07156de-07c9-409b-b278-461f5b49eff9_negatedLabel_en-US" xlink:label="lab_us-gaap_InterestExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest expense</link:label>
    <link:label id="lab_us-gaap_InterestExpense_c3c77133-2d0f-4e44-a7b5-a1092ebafaf1_terseLabel_en-US" xlink:label="lab_us-gaap_InterestExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest expense</link:label>
    <link:label id="lab_us-gaap_InterestExpense_label_en-US" xlink:label="lab_us-gaap_InterestExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpense" xlink:to="lab_us-gaap_InterestExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_fb21137a-3b2d-49e4-a333-0865ba293670_terseLabel_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued expenses and other liabilities</link:label>
    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_64255367-b827-42af-82d7-ae875d39c48a_totalLabel_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Accrued Expenses and Other Liabilities</link:label>
    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_label_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:to="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValue_1ccf142b-7bdf-4fdb-94aa-59bbc093548f_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage servicing rights, at amortized cost</link:label>
    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValue_label_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Asset at Amortized Cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtAmortizedValue" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtAmortizedValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAssetAtAmortizedValue" xlink:to="lab_us-gaap_ServicingAssetAtAmortizedValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InvestmentTypeAxis_6252bcf5-c9b6-4a49-8797-d51b075d9247_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment Type [Axis]</link:label>
    <link:label id="lab_us-gaap_InvestmentTypeAxis_label_en-US" xlink:label="lab_us-gaap_InvestmentTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment Type [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentTypeAxis" xlink:to="lab_us-gaap_InvestmentTypeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash_b308f677-ce83-4529-8c47-4859b925a81d_terseLabel_en-US" xlink:label="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged</link:label>
    <link:label id="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash_label_en-US" xlink:label="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Cash</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash" xlink:to="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_d430f857-a02e-415b-96d2-278a878f3f3f_terseLabel_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average amortization period remaining for equity awards</link:label>
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_label_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:to="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherLongTermDebt_ee881af7-bf9b-4cf0-bf7e-e9ae43280d64_terseLabel_en-US" xlink:label="lab_us-gaap_OtherLongTermDebt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term debt, net</link:label>
    <link:label id="lab_us-gaap_OtherLongTermDebt_label_en-US" xlink:label="lab_us-gaap_OtherLongTermDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Long-term Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLongTermDebt" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherLongTermDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherLongTermDebt" xlink:to="lab_us-gaap_OtherLongTermDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LoanPurchaseCommitmentsMember_dcc3376c-6527-4f1c-88d0-76dfc0d72037_terseLabel_en-US" xlink:label="lab_us-gaap_LoanPurchaseCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential loan purchase commitments, net</link:label>
    <link:label id="lab_us-gaap_LoanPurchaseCommitmentsMember_9749b5f0-0dd6-42f5-a47b-6c10fa5f6b79_verboseLabel_en-US" xlink:label="lab_us-gaap_LoanPurchaseCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single-family rental loan purchase and interest rate lock commitments</link:label>
    <link:label id="lab_us-gaap_LoanPurchaseCommitmentsMember_label_en-US" xlink:label="lab_us-gaap_LoanPurchaseCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan Purchase Commitments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoanPurchaseCommitmentsMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanPurchaseCommitmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoanPurchaseCommitmentsMember" xlink:to="lab_us-gaap_LoanPurchaseCommitmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_0dfb224b-c70d-4c8e-a1dc-04d9ef07eee0_totalLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net income (loss) allocated to common shareholders</link:label>
    <link:label id="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_label_en-US" xlink:label="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Income (Loss) Available to Common Stockholders, Basic</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:to="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GuarantyLiabilities_0a38c308-a754-49ff-bb42-8c4570cce682_terseLabel_en-US" xlink:label="lab_us-gaap_GuarantyLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Guarantee obligations</link:label>
    <link:label id="lab_us-gaap_GuarantyLiabilities_label_en-US" xlink:label="lab_us-gaap_GuarantyLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Guaranty Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GuarantyLiabilities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GuarantyLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuarantyLiabilities" xlink:to="lab_us-gaap_GuarantyLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter_ebbb0e5d-48b3-40b7-acd5-efeabb03eb3b_terseLabel_en-US" xlink:label="lab_rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2025 and thereafter</link:label>
    <link:label id="lab_rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter_label_en-US" xlink:label="lab_rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finite-Lived Intangible Asset, Expected Amortization, Year Four and Thereafter</link:label>
    <link:label id="lab_rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter_documentation_en-US" xlink:label="lab_rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finite-Lived Intangible Asset, Expected Amortization, Year Four and Thereafter</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter" xlink:href="rwt-20210331.xsd#rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter" xlink:to="lab_rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_61065b71-6cf9-4b0d-a0a9-f5d0632591e3_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:to="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_c77527d9-a947-4e97-b3df-f272a643296f_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Recurring and Nonrecurring [Table]</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Recurring and Nonrecurring [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GainLossOnSecuritizationOfFinancialAssets_ec8d2ddf-cf47-48ff-b874-87d0331ed0a0_terseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSecuritizationOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain related to called security</link:label>
    <link:label id="lab_us-gaap_GainLossOnSecuritizationOfFinancialAssets_label_en-US" xlink:label="lab_us-gaap_GainLossOnSecuritizationOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain (Loss) on Securitization of Financial Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnSecuritizationOfFinancialAssets" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainLossOnSecuritizationOfFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnSecuritizationOfFinancialAssets" xlink:to="lab_us-gaap_GainLossOnSecuritizationOfFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_6265edec-4b9f-431a-9210-c50f461043b7_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net realized gains recorded</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_0d04fb6d-cb42-4de5-acda-ab1c20b503ce_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross realized gains</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Realized Gain</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleRealizedGain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_TransferToOtherRealEstate_5462f3a6-a388-484e-b9cf-e1ade6b2fe33_terseLabel_en-US" xlink:label="lab_us-gaap_TransferToOtherRealEstate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfers from residential loans to real estate owned</link:label>
    <link:label id="lab_us-gaap_TransferToOtherRealEstate_label_en-US" xlink:label="lab_us-gaap_TransferToOtherRealEstate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Owned, Transfer to Real Estate Owned</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransferToOtherRealEstate" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransferToOtherRealEstate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransferToOtherRealEstate" xlink:to="lab_us-gaap_TransferToOtherRealEstate" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RealEstateCostOfRealEstateSold_421a8e45-1d0a-4b07-a5c1-1d4019aa5a40_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_RealEstateCostOfRealEstateSold" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liquidations</link:label>
    <link:label id="lab_us-gaap_RealEstateCostOfRealEstateSold_label_en-US" xlink:label="lab_us-gaap_RealEstateCostOfRealEstateSold" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Cost of Investment in Real Estate Sold</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateCostOfRealEstateSold" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateCostOfRealEstateSold"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealEstateCostOfRealEstateSold" xlink:to="lab_us-gaap_RealEstateCostOfRealEstateSold" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentAxis_7fec00eb-b861-4511-bb20-122923a8f741_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument [Axis]</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentAxis_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentAxis" xlink:to="lab_us-gaap_DebtInstrumentAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MeasurementInputISODiscountRateMember_1e3de115-df4b-40a9-8b72-ae49c3954350_terseLabel_en-US" xlink:label="lab_rwt_MeasurementInputISODiscountRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">IO discount rate</link:label>
    <link:label id="lab_rwt_MeasurementInputISODiscountRateMember_label_en-US" xlink:label="lab_rwt_MeasurementInputISODiscountRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, ISO Discount Rate [Member]</link:label>
    <link:label id="lab_rwt_MeasurementInputISODiscountRateMember_documentation_en-US" xlink:label="lab_rwt_MeasurementInputISODiscountRateMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, ISO Discount Rate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputISODiscountRateMember" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputISODiscountRateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MeasurementInputISODiscountRateMember" xlink:to="lab_rwt_MeasurementInputISODiscountRateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AntidilutiveSecuritiesNameDomain_8a5f4f32-a1d6-458d-8aa1-c3fde36e717a_terseLabel_en-US" xlink:label="lab_us-gaap_AntidilutiveSecuritiesNameDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Antidilutive Securities, Name [Domain]</link:label>
    <link:label id="lab_us-gaap_AntidilutiveSecuritiesNameDomain_label_en-US" xlink:label="lab_us-gaap_AntidilutiveSecuritiesNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Antidilutive Securities, Name [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesNameDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AntidilutiveSecuritiesNameDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AntidilutiveSecuritiesNameDomain" xlink:to="lab_us-gaap_AntidilutiveSecuritiesNameDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingSegmentsMember_4dac91d8-55ad-45b7-aa02-7d9d1c490192_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Segments</link:label>
    <link:label id="lab_us-gaap_OperatingSegmentsMember_label_en-US" xlink:label="lab_us-gaap_OperatingSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Segments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingSegmentsMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingSegmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingSegmentsMember" xlink:to="lab_us-gaap_OperatingSegmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_BusinessCombinationContingentConsiderationLiabilityTerm_899f47a1-2945-49b2-bcc9-b44a77e21533_terseLabel_en-US" xlink:label="lab_rwt_BusinessCombinationContingentConsiderationLiabilityTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contingent consideration performance term</link:label>
    <link:label id="lab_rwt_BusinessCombinationContingentConsiderationLiabilityTerm_label_en-US" xlink:label="lab_rwt_BusinessCombinationContingentConsiderationLiabilityTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Combination, Contingent Consideration, Liability, Term</link:label>
    <link:label id="lab_rwt_BusinessCombinationContingentConsiderationLiabilityTerm_documentation_en-US" xlink:label="lab_rwt_BusinessCombinationContingentConsiderationLiabilityTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Combination, Contingent Consideration, Liability, Term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessCombinationContingentConsiderationLiabilityTerm" xlink:href="rwt-20210331.xsd#rwt_BusinessCombinationContingentConsiderationLiabilityTerm"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_BusinessCombinationContingentConsiderationLiabilityTerm" xlink:to="lab_rwt_BusinessCombinationContingentConsiderationLiabilityTerm" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember_f39b4a8f-6842-4181-a3f5-4768e6245b9a_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cumulative Distributions to Stockholders</link:label>
    <link:label id="lab_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember_label_en-US" xlink:label="lab_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated Distributions in Excess of Net Income [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember" xlink:to="lab_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_AccruedOperatingExpenses_bc01e718-36ae-48e3-b59d-d24be4a1d0de_terseLabel_en-US" xlink:label="lab_rwt_AccruedOperatingExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued operating expenses</link:label>
    <link:label id="lab_rwt_AccruedOperatingExpenses_label_en-US" xlink:label="lab_rwt_AccruedOperatingExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued Operating Expenses</link:label>
    <link:label id="lab_rwt_AccruedOperatingExpenses_documentation_en-US" xlink:label="lab_rwt_AccruedOperatingExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued Operating Expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AccruedOperatingExpenses" xlink:href="rwt-20210331.xsd#rwt_AccruedOperatingExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_AccruedOperatingExpenses" xlink:to="lab_rwt_AccruedOperatingExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_5c6bf4e3-0a55-4845-bfea-7775b416f001_terseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustments to reconcile net income (loss) to net cash used in operating activities:</link:label>
    <link:label id="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_label_en-US" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeLiabilities_3beaba9f-f874-4822-b3d0-7535a2e12113_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative liabilities</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilities_c9847ac0-692e-442b-a335-79435147a291_negatedTotalLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilities_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilities" xlink:to="lab_us-gaap_DerivativeLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_CommitmentToFundPartnershipNumberOfPartnerships_17faac2a-60c6-47fb-8bea-2cbaf9c7242c_terseLabel_en-US" xlink:label="lab_rwt_CommitmentToFundPartnershipNumberOfPartnerships" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of partnerships, committed to fund</link:label>
    <link:label id="lab_rwt_CommitmentToFundPartnershipNumberOfPartnerships_label_en-US" xlink:label="lab_rwt_CommitmentToFundPartnershipNumberOfPartnerships" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitment To Fund Partnership, Number Of Partnerships</link:label>
    <link:label id="lab_rwt_CommitmentToFundPartnershipNumberOfPartnerships_documentation_en-US" xlink:label="lab_rwt_CommitmentToFundPartnershipNumberOfPartnerships" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitment To Fund Partnership, Number Of Partnerships</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundPartnershipNumberOfPartnerships" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundPartnershipNumberOfPartnerships"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_CommitmentToFundPartnershipNumberOfPartnerships" xlink:to="lab_rwt_CommitmentToFundPartnershipNumberOfPartnerships" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_LitigationCaseAxis_4949482e-5282-4ddf-a436-6ae2a3c803c8_terseLabel_en-US" xlink:label="lab_srt_LitigationCaseAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Litigation Case [Axis]</link:label>
    <link:label id="lab_srt_LitigationCaseAxis_label_en-US" xlink:label="lab_srt_LitigationCaseAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Litigation Case [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_LitigationCaseAxis" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_LitigationCaseAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_LitigationCaseAxis" xlink:to="lab_srt_LitigationCaseAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MeasurementInputLossSeverityMember_c6b08438-ddb7-4dbe-a685-7e7d6036cbc6_terseLabel_en-US" xlink:label="lab_us-gaap_MeasurementInputLossSeverityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loss severity</link:label>
    <link:label id="lab_us-gaap_MeasurementInputLossSeverityMember_label_en-US" xlink:label="lab_us-gaap_MeasurementInputLossSeverityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Loss Severity [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputLossSeverityMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputLossSeverityMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MeasurementInputLossSeverityMember" xlink:to="lab_us-gaap_MeasurementInputLossSeverityMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RepurchaseAgreementsMember_da82b918-45a7-4257-89df-db445995a338_terseLabel_en-US" xlink:label="lab_us-gaap_RepurchaseAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Security repurchase agreements</link:label>
    <link:label id="lab_us-gaap_RepurchaseAgreementsMember_label_en-US" xlink:label="lab_us-gaap_RepurchaseAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repurchase Agreements [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepurchaseAgreementsMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepurchaseAgreementsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepurchaseAgreementsMember" xlink:to="lab_us-gaap_RepurchaseAgreementsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ConvertibleDebtFairValueDisclosures_f6400bd5-5032-44d3-80b3-73e638764575_terseLabel_en-US" xlink:label="lab_us-gaap_ConvertibleDebtFairValueDisclosures" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Convertible notes, net</link:label>
    <link:label id="lab_us-gaap_ConvertibleDebtFairValueDisclosures_label_en-US" xlink:label="lab_us-gaap_ConvertibleDebtFairValueDisclosures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Convertible Debt, Fair Value Disclosures</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtFairValueDisclosures" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConvertibleDebtFairValueDisclosures"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConvertibleDebtFairValueDisclosures" xlink:to="lab_us-gaap_ConvertibleDebtFairValueDisclosures" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfInvestmentsLineItems_d1b8da3d-9ee0-45f1-a895-456b30ea01c7_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfInvestmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Investments [Line Items]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfInvestmentsLineItems_label_en-US" xlink:label="lab_us-gaap_ScheduleOfInvestmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Investments [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfInvestmentsLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInvestmentsLineItems" xlink:to="lab_us-gaap_ScheduleOfInvestmentsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MortgageBankingAbstract_948c31fa-405f-4fde-bc45-8c88549ebd34_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageBankingAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Banking [Abstract]</link:label>
    <link:label id="lab_us-gaap_MortgageBankingAbstract_label_en-US" xlink:label="lab_us-gaap_MortgageBankingAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Banking [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgageBankingAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MortgageBankingAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgageBankingAbstract" xlink:to="lab_us-gaap_MortgageBankingAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions_550c1db8-fb9c-4701-ba85-72a00cdcfe19_terseLabel_en-US" xlink:label="lab_rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfer and holding costs</link:label>
    <link:label id="lab_rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions_label_en-US" xlink:label="lab_rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfer and Hold Costs Associated With Loan Acquisitions</link:label>
    <link:label id="lab_rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions_documentation_en-US" xlink:label="lab_rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfer and Hold Costs Associated With Loan Acquisitions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions" xlink:href="rwt-20210331.xsd#rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions" xlink:to="lab_rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis_dfb15cee-7338-411e-8c1a-d7bee21e6e75_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loss Contingency Nature [Axis]</link:label>
    <link:label id="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis_label_en-US" xlink:label="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loss Contingency Nature [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:to="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities_47ec0a71-ab63-4c3a-a83c-a198e37ecea8_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net settlements of derivatives</link:label>
    <link:label id="lab_us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities_label_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments for (Proceeds from) Derivative Instrument, Financing Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities" xlink:to="lab_us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_2cb2d701-bc84-4be5-9893-10e350c8be83_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Variable Interest Entity, Not Primary Beneficiary</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Variable Interest Entity, Not Primary Beneficiary [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember" xlink:to="lab_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns_2eb44313-a268-48eb-bf37-638002ea97e3_negatedLabel_en-US" xlink:label="lab_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal paydowns</link:label>
    <link:label id="lab_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns_label_en-US" xlink:label="lab_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Calls, Maturities, Paydowns</link:label>
    <link:label id="lab_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns_documentation_en-US" xlink:label="lab_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal paydowns, including calls and maturities, that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" xlink:href="rwt-20210331.xsd#rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" xlink:to="lab_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities_14dad118-3bbd-4f14-aec8-5e4f7c7e4535_totalLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned, Collateral, Right to Reclaim Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities" xlink:to="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock_23ee9dc1-df59-423f-a9ff-50c5c9e9ed77_terseLabel_en-US" xlink:label="lab_rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Summary of Significant Valuation Assumptions for Available for Sale Securities Credit Loss</link:label>
    <link:label id="lab_rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock_label_en-US" xlink:label="lab_rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule Of Significant Valuation Assumptions For Available For Sale Securities Credit Loss [Table Text Block]</link:label>
    <link:label id="lab_rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock_documentation_en-US" xlink:label="lab_rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tabular disclosure of the significant valuation assumptions used by management for credit loss allowance on available for sale securities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock" xlink:to="lab_rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MultifamilyLoansHeldforInvestmentMember_07a80d3a-646d-429d-9e60-1c462e5400e4_terseLabel_en-US" xlink:label="lab_rwt_MultifamilyLoansHeldforInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Multifamily loans, held-for-investment</link:label>
    <link:label id="lab_rwt_MultifamilyLoansHeldforInvestmentMember_label_en-US" xlink:label="lab_rwt_MultifamilyLoansHeldforInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Multifamily Loans Held for Investment [Member]</link:label>
    <link:label id="lab_rwt_MultifamilyLoansHeldforInvestmentMember_documentation_en-US" xlink:label="lab_rwt_MultifamilyLoansHeldforInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Multifamily Loans Held for Investment [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansHeldforInvestmentMember" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansHeldforInvestmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MultifamilyLoansHeldforInvestmentMember" xlink:to="lab_rwt_MultifamilyLoansHeldforInvestmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations_58a09c7f-8abc-4132-b033-21db0b7c71cc_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other long-term debt, net</link:label>
    <link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations_label_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subordinated Debt Obligations, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations" xlink:to="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract_d348ed06-2bcf-49ff-aa90-901e8df62dbf_terseLabel_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Decrease in fair value from:</link:label>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract_label_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of Adverse Change In Prepayment Speed [Abstract]</link:label>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract_documentation_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of Adverse Change In Prepayment Speed [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract" xlink:to="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_341b99bf-421d-410a-8c13-84fed25ef15c_terseLabel_en-US" xlink:label="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value</link:label>
    <link:label id="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_label_en-US" xlink:label="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Estimate of Fair Value Measurement [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:to="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_866389c5-7ec7-41b4-9af9-9059629d8849_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intangible assets</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles" xlink:to="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherGeneralExpense_83c2a7ff-a1a5-49a0-9c22-c7a8a086b760_terseLabel_en-US" xlink:label="lab_us-gaap_OtherGeneralExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Corporate costs</link:label>
    <link:label id="lab_us-gaap_OtherGeneralExpense_label_en-US" xlink:label="lab_us-gaap_OtherGeneralExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other General Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherGeneralExpense" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherGeneralExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherGeneralExpense" xlink:to="lab_us-gaap_OtherGeneralExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AdjustmentForAmortization_dfe80d81-a062-4f7d-bd33-6d40348165cf_terseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentForAmortization" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-cash amortization (expense) income, net</link:label>
    <link:label id="lab_us-gaap_AdjustmentForAmortization_label_en-US" xlink:label="lab_us-gaap_AdjustmentForAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortization</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentForAmortization" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentForAmortization"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdjustmentForAmortization" xlink:to="lab_us-gaap_AdjustmentForAmortization" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate_8cf5124b-60ab-4f1d-8b0c-ea91987745a9_terseLabel_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">100 basis point increase</link:label>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate_label_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of Other than 10 or 20 Percent Adverse Change in Discount Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate" xlink:to="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1_98e6acf1-5678-47b5-afce-75bcafee3207_terseLabel_en-US" xlink:label="lab_us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Available authorization remaining for repurchase</link:label>
    <link:label id="lab_us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1_label_en-US" xlink:label="lab_us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Repurchase Program, Remaining Authorized Repurchase Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1" xlink:to="lab_us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ResidentialMortgageBackedSecuritiesMember_2ce4ae55-c22a-426e-941d-e697cfb3c471_verboseLabel_en-US" xlink:label="lab_us-gaap_ResidentialMortgageBackedSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Mortgage-Backed Securities</link:label>
    <link:label id="lab_us-gaap_ResidentialMortgageBackedSecuritiesMember_93fde57b-bae0-4494-bfbd-a306e96df346_terseLabel_en-US" xlink:label="lab_us-gaap_ResidentialMortgageBackedSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential</link:label>
    <link:label id="lab_us-gaap_ResidentialMortgageBackedSecuritiesMember_label_en-US" xlink:label="lab_us-gaap_ResidentialMortgageBackedSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Mortgage Backed Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageBackedSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember" xlink:to="lab_us-gaap_ResidentialMortgageBackedSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SubsegmentsDomain_66ebc667-3a5a-4277-901b-4057e3476e65_terseLabel_en-US" xlink:label="lab_us-gaap_SubsegmentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsegments [Domain]</link:label>
    <link:label id="lab_us-gaap_SubsegmentsDomain_label_en-US" xlink:label="lab_us-gaap_SubsegmentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsegments [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SubsegmentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubsegmentsDomain" xlink:to="lab_us-gaap_SubsegmentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed_08b78925-76b7-4c87-be61-03632c83a4b8_terseLabel_en-US" xlink:label="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Prepayment rates</link:label>
    <link:label id="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed_label_en-US" xlink:label="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities, Prepayment Speed</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed" xlink:to="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_6447588d-1738-44eb-bf61-265c20d15f91_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reconciliation of Statutory Tax Rate to Effective Tax Rate</link:label>
    <link:label id="lab_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CollateralAxis_8f1279bb-5105-4318-a6d2-afebb86f88b4_terseLabel_en-US" xlink:label="lab_us-gaap_CollateralAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Collateral [Axis]</link:label>
    <link:label id="lab_us-gaap_CollateralAxis_label_en-US" xlink:label="lab_us-gaap_CollateralAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Collateral Held [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CollateralAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CollateralAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CollateralAxis" xlink:to="lab_us-gaap_CollateralAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss_d142806a-b5ce-4d31-8a2b-e447a5ac2a36_terseLabel_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">25% higher losses</link:label>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss_label_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact Other than 10 or 20 Percent Adverse Change in Expected Credit Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss" xlink:to="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LegalEntityAxis_efcae4bd-f703-4045-88b3-de739af232ed_terseLabel_en-US" xlink:label="lab_dei_LegalEntityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:label id="lab_dei_LegalEntityAxis_label_en-US" xlink:label="lab_dei_LegalEntityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LegalEntityAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LegalEntityAxis" xlink:to="lab_dei_LegalEntityAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CityAreaCode_b4ae611a-6589-449c-a589-50254e9834b8_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">City Area Code</link:label>
    <link:label id="lab_dei_CityAreaCode_label_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">City Area Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_CityAreaCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode" xlink:to="lab_dei_CityAreaCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentPeriodEndDate_8abf9446-2e3a-41d4-8438-7b21ac32c4f1_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Period End Date</link:label>
    <link:label id="lab_dei_DocumentPeriodEndDate_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Period End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentPeriodEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MeasurementInputWholeLoanSpreadToSwapRateMember_b6c4dc69-7515-41da-b4b3-7655e99d78de_terseLabel_en-US" xlink:label="lab_rwt_MeasurementInputWholeLoanSpreadToSwapRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Whole loan spread to swap rate</link:label>
    <link:label id="lab_rwt_MeasurementInputWholeLoanSpreadToSwapRateMember_label_en-US" xlink:label="lab_rwt_MeasurementInputWholeLoanSpreadToSwapRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Whole Loan Spread to Swap Rate [Member]</link:label>
    <link:label id="lab_rwt_MeasurementInputWholeLoanSpreadToSwapRateMember_documentation_en-US" xlink:label="lab_rwt_MeasurementInputWholeLoanSpreadToSwapRateMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Whole Loan Spread to Swap Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputWholeLoanSpreadToSwapRateMember" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputWholeLoanSpreadToSwapRateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MeasurementInputWholeLoanSpreadToSwapRateMember" xlink:to="lab_rwt_MeasurementInputWholeLoanSpreadToSwapRateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure_e7ebed51-5e6d-429e-9991-5db080b6e5e3_terseLabel_en-US" xlink:label="lab_rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading and AFS securities</link:label>
    <link:label id="lab_rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure_label_en-US" xlink:label="lab_rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Trading And Available-for-sale, Fair Value Disclosure</link:label>
    <link:label id="lab_rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure_documentation_en-US" xlink:label="lab_rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Trading And Available-for-sale, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure" xlink:to="lab_rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockRepurchaseProgramAuthorizedAmount1_e7b6b593-e2f9-4060-bb20-c1005814b25d_terseLabel_en-US" xlink:label="lab_us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common stock authorized to repurchase by Board</link:label>
    <link:label id="lab_us-gaap_StockRepurchaseProgramAuthorizedAmount1_label_en-US" xlink:label="lab_us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Repurchase Program, Authorized Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockRepurchaseProgramAuthorizedAmount1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:to="lab_us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther_18878edb-fef3-48cd-bd39-fb7c05087c04_negatedTerseLabel_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sales, calls, other</link:label>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther_label_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Available For Sale Securities Unamortized Discounts Premiums, Sales, Calls, Other</link:label>
    <link:label id="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther_documentation_en-US" xlink:label="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Changes to the net unamortized discount on available-for-sale securities due to sales, calls, and other items.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther" xlink:to="lab_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_dce13aa1-d07c-481d-941e-e172ae29c687_negatedLabel_en-US" xlink:label="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amounts reclassified from other accumulated comprehensive income (loss)</link:label>
    <link:label id="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_label_en-US" xlink:label="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:to="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_3c0231d0-e51a-42fb-87c8-4ee300d60ed8_negatedLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sales</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_9e7acbfc-5f79-42a8-97da-731a52485d83_terseLabel_en-US" xlink:label="lab_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued compensation</link:label>
    <link:label id="lab_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_label_en-US" xlink:label="lab_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee-related Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:to="lab_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MortgageLoansOnRealEstateRepurchaseProvision_b523ab11-5c56-415e-be4f-127ee2c10060_terseLabel_en-US" xlink:label="lab_rwt_MortgageLoansOnRealEstateRepurchaseProvision" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential loans repurchase provision (reversal)</link:label>
    <link:label id="lab_rwt_MortgageLoansOnRealEstateRepurchaseProvision_label_en-US" xlink:label="lab_rwt_MortgageLoansOnRealEstateRepurchaseProvision" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Loans On Real Estate, Repurchase Provision</link:label>
    <link:label id="lab_rwt_MortgageLoansOnRealEstateRepurchaseProvision_documentation_en-US" xlink:label="lab_rwt_MortgageLoansOnRealEstateRepurchaseProvision" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Loans On Real Estate, Repurchase Provision</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageLoansOnRealEstateRepurchaseProvision" xlink:href="rwt-20210331.xsd#rwt_MortgageLoansOnRealEstateRepurchaseProvision"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MortgageLoansOnRealEstateRepurchaseProvision" xlink:to="lab_rwt_MortgageLoansOnRealEstateRepurchaseProvision" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross_70e2c289-d093-4943-b2a4-375fff906dd3_negatedLabel_en-US" xlink:label="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Amounts of Recognized Assets (Liabilities)</link:label>
    <link:label id="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross_label_en-US" xlink:label="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Securities Sold under Agreements to Repurchase, Gross</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross" xlink:to="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount_5ce2f8da-8062-4aa1-a749-ae08ecc139a8_terseLabel_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity grants</link:label>
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount_label_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment Arrangement, Amount Capitalized</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount" xlink:to="lab_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown_4fa93a2f-83c9-4def-ba37-bc6acaaef68a_terseLabel_en-US" xlink:label="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net gains (losses) attributable to level 3 assets still held included in net income</link:label>
    <link:label id="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown_label_en-US" xlink:label="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included In Earnings, Excluding Sold, Matured, Called, Or Written Down</link:label>
    <link:label id="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown_documentation_en-US" xlink:label="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included In Earnings, Excluding Sold, Matured, Called, Or Written Down</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" xlink:href="rwt-20210331.xsd#rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" xlink:to="lab_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_TradingSecurities_c4cf2a22-f7c2-4471-801f-96fe83c34883_verboseLabel_en-US" xlink:label="lab_us-gaap_TradingSecurities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real estate securities</link:label>
    <link:label id="lab_us-gaap_TradingSecurities_6a1b92e5-b087-42e0-9a8d-2b367689fa19_terseLabel_en-US" xlink:label="lab_us-gaap_TradingSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading</link:label>
    <link:label id="lab_us-gaap_TradingSecurities_label_en-US" xlink:label="lab_us-gaap_TradingSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Trading, and Equity Securities, FV-NI</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecurities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradingSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TradingSecurities" xlink:to="lab_us-gaap_TradingSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_InterestPayableNoncurrent_27528a50-f673-4ae6-9b31-c2616dd139fa_terseLabel_en-US" xlink:label="lab_rwt_InterestPayableNoncurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued interest payable</link:label>
    <link:label id="lab_rwt_InterestPayableNoncurrent_label_en-US" xlink:label="lab_rwt_InterestPayableNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Payable, Noncurrent</link:label>
    <link:label id="lab_rwt_InterestPayableNoncurrent_documentation_en-US" xlink:label="lab_rwt_InterestPayableNoncurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Payable, Noncurrent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestPayableNoncurrent" xlink:href="rwt-20210331.xsd#rwt_InterestPayableNoncurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_InterestPayableNoncurrent" xlink:to="lab_rwt_InterestPayableNoncurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongtermDebtTypeDomain_2c4f139a-5a92-48f2-a5f1-8721c814f021_terseLabel_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term Debt, Type [Domain]</link:label>
    <link:label id="lab_us-gaap_LongtermDebtTypeDomain_label_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term Debt, Type [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongtermDebtTypeDomain" xlink:to="lab_us-gaap_LongtermDebtTypeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensation_c24c90c8-a3c6-47e4-9ce1-ebe687bf16d7_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-cash equity award compensation expense</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensation_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment Arrangement, Noncash Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensation" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensation" xlink:to="lab_us-gaap_ShareBasedCompensation" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_CommitmentToFundResidentialBridgeLoanMember_263e5003-7101-4e5a-a6e8-b9a145bd4d8c_terseLabel_en-US" xlink:label="lab_rwt_CommitmentToFundResidentialBridgeLoanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitment To Fund Residential Bridge Loan</link:label>
    <link:label id="lab_rwt_CommitmentToFundResidentialBridgeLoanMember_label_en-US" xlink:label="lab_rwt_CommitmentToFundResidentialBridgeLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitment To Fund Residential Bridge Loan [Member]</link:label>
    <link:label id="lab_rwt_CommitmentToFundResidentialBridgeLoanMember_documentation_en-US" xlink:label="lab_rwt_CommitmentToFundResidentialBridgeLoanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitment To Fund Residential Bridge Loan [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundResidentialBridgeLoanMember" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundResidentialBridgeLoanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_CommitmentToFundResidentialBridgeLoanMember" xlink:to="lab_rwt_CommitmentToFundResidentialBridgeLoanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease_dd6993c9-cf90-4dfb-86f2-569436ff08f2_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net market valuation gain (loss)</link:label>
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease_label_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Period Increase (Decrease)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease" xlink:to="lab_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_361b3a6d-eb15-4c45-ba65-1c2fc3fa4086_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other financing activities, net</link:label>
    <link:label id="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_label_en-US" xlink:label="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from (Payments for) Other Financing Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:to="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_LoansHeldForInvestmentMeasurementInput_94853533-09f0-4699-8115-ac9ac69023df_terseLabel_en-US" xlink:label="lab_rwt_LoansHeldForInvestmentMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans held-for-investment, measurement input</link:label>
    <link:label id="lab_rwt_LoansHeldForInvestmentMeasurementInput_label_en-US" xlink:label="lab_rwt_LoansHeldForInvestmentMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Held-for-Investment, Measurement Input</link:label>
    <link:label id="lab_rwt_LoansHeldForInvestmentMeasurementInput_documentation_en-US" xlink:label="lab_rwt_LoansHeldForInvestmentMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Held-for-Investment, Measurement Input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansHeldForInvestmentMeasurementInput" xlink:href="rwt-20210331.xsd#rwt_LoansHeldForInvestmentMeasurementInput"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_LoansHeldForInvestmentMeasurementInput" xlink:to="lab_rwt_LoansHeldForInvestmentMeasurementInput" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CoverAbstract_2e38e486-fbfb-4b2f-b9e1-4e184c1ab038_terseLabel_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:label id="lab_dei_CoverAbstract_label_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_CoverAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CoverAbstract" xlink:to="lab_dei_CoverAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MeasurementInputTypeAxis_aef20c80-b287-41dd-bb37-484cf70d78ce_terseLabel_en-US" xlink:label="lab_us-gaap_MeasurementInputTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input Type [Axis]</link:label>
    <link:label id="lab_us-gaap_MeasurementInputTypeAxis_label_en-US" xlink:label="lab_us-gaap_MeasurementInputTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input Type [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputTypeAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputTypeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MeasurementInputTypeAxis" xlink:to="lab_us-gaap_MeasurementInputTypeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_TradingSecuritiesDebt_0a230096-5fbb-4cdd-a840-18bad86d8113_terseLabel_en-US" xlink:label="lab_us-gaap_TradingSecuritiesDebt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest-only, senior and subordinate securities, classified as trading</link:label>
    <link:label id="lab_us-gaap_TradingSecuritiesDebt_label_en-US" xlink:label="lab_us-gaap_TradingSecuritiesDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Trading</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecuritiesDebt" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradingSecuritiesDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TradingSecuritiesDebt" xlink:to="lab_us-gaap_TradingSecuritiesDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease_5471502c-072a-457b-b690-ecbc7d32c77f_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Allowance on purchased financial assets with credit deterioration</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_fed5a8c4-c3fb-4d71-b920-d57ed5fb8af4_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other comprehensive income (loss) before reclassifications</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Comprehensive Income (Loss), before Reclassifications, Net of Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherRealEstateRollForwardTableTextBlock_ea59863e-39aa-4d2b-9582-45f582e107cc_terseLabel_en-US" xlink:label="lab_us-gaap_OtherRealEstateRollForwardTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Real Estate</link:label>
    <link:label id="lab_us-gaap_OtherRealEstateRollForwardTableTextBlock_label_en-US" xlink:label="lab_us-gaap_OtherRealEstateRollForwardTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Real Estate, Roll Forward [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherRealEstateRollForwardTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherRealEstateRollForwardTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherRealEstateRollForwardTableTextBlock" xlink:to="lab_us-gaap_OtherRealEstateRollForwardTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_6831ee52-9007-4321-a62e-4a5d610365cc_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair value of loans with 90+ day delinquencies</link:label>
    <link:label id="lab_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_label_en-US" xlink:label="lab_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Option, Loans Held as Assets, 90 Days or More Past Due</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" xlink:to="lab_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MeasurementInputSubordinateCreditSpreadMember_3a7bdf03-865c-456a-94ad-71458c59767c_terseLabel_en-US" xlink:label="lab_rwt_MeasurementInputSubordinateCreditSpreadMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subordinate credit spread</link:label>
    <link:label id="lab_rwt_MeasurementInputSubordinateCreditSpreadMember_label_en-US" xlink:label="lab_rwt_MeasurementInputSubordinateCreditSpreadMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Subordinate Credit Spread [Member]</link:label>
    <link:label id="lab_rwt_MeasurementInputSubordinateCreditSpreadMember_documentation_en-US" xlink:label="lab_rwt_MeasurementInputSubordinateCreditSpreadMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Subordinate Credit Spread [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputSubordinateCreditSpreadMember" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputSubordinateCreditSpreadMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MeasurementInputSubordinateCreditSpreadMember" xlink:to="lab_rwt_MeasurementInputSubordinateCreditSpreadMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity_b3f263f7-be26-4da3-9308-940293148259_terseLabel_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loss severity</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity_label_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss, Qualitative Disclosures, Severity</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity_documentation_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss, Qualitative Disclosures, Severity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity" xlink:to="lab_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MaturityOver90DaysMember_d5627a3e-7b33-4ec8-865b-131402e7b658_terseLabel_en-US" xlink:label="lab_us-gaap_MaturityOver90DaysMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Over 90 days</link:label>
    <link:label id="lab_us-gaap_MaturityOver90DaysMember_label_en-US" xlink:label="lab_us-gaap_MaturityOver90DaysMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Maturity Greater than 90 Days [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MaturityOver90DaysMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MaturityOver90DaysMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MaturityOver90DaysMember" xlink:to="lab_us-gaap_MaturityOver90DaysMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongTermDebt_d2cebdcd-5c2e-4592-a1ac-36e3844354a5_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Carrying Value</link:label>
    <link:label id="lab_us-gaap_LongTermDebt_801ec649-d8e7-4a10-8906-72f118c6dc2c_totalLabel_en-US" xlink:label="lab_us-gaap_LongTermDebt" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Carrying Value</link:label>
    <link:label id="lab_us-gaap_LongTermDebt_label_en-US" xlink:label="lab_us-gaap_LongTermDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebt" xlink:to="lab_us-gaap_LongTermDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_OtherAssetsAndOtherLiabilitiesTable_59318b3c-32b8-4922-aa1f-2d39863698e1_terseLabel_en-US" xlink:label="lab_rwt_OtherAssetsAndOtherLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Assets and Other Liabilities [Table]</link:label>
    <link:label id="lab_rwt_OtherAssetsAndOtherLiabilitiesTable_label_en-US" xlink:label="lab_rwt_OtherAssetsAndOtherLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Assets and Other Liabilities [Table]</link:label>
    <link:label id="lab_rwt_OtherAssetsAndOtherLiabilitiesTable_documentation_en-US" xlink:label="lab_rwt_OtherAssetsAndOtherLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Assets and Other Liabilities [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherAssetsAndOtherLiabilitiesTable" xlink:href="rwt-20210331.xsd#rwt_OtherAssetsAndOtherLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesTable" xlink:to="lab_rwt_OtherAssetsAndOtherLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments_90b0e1b8-22e3-40f6-8fd2-8085f0502f17_negatedLabel_en-US" xlink:label="lab_us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortization of premiums, discounts, and securities issuance costs, net</link:label>
    <link:label id="lab_us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments_label_en-US" xlink:label="lab_us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accretion (Amortization) of Discounts and Premiums, Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments" xlink:to="lab_us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_LoanAcquisitionCosts_799a6899-0d90-4489-958a-8cef7fb6eecc_negatedTerseLabel_en-US" xlink:label="lab_rwt_LoanAcquisitionCosts" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan acquisition costs</link:label>
    <link:label id="lab_rwt_LoanAcquisitionCosts_69bcd816-6bf2-4539-8da6-393622a0757a_totalLabel_en-US" xlink:label="lab_rwt_LoanAcquisitionCosts" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Loan Acquisition Costs</link:label>
    <link:label id="lab_rwt_LoanAcquisitionCosts_label_en-US" xlink:label="lab_rwt_LoanAcquisitionCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan Acquisition Costs</link:label>
    <link:label id="lab_rwt_LoanAcquisitionCosts_documentation_en-US" xlink:label="lab_rwt_LoanAcquisitionCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan Acquisition Costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanAcquisitionCosts" xlink:href="rwt-20210331.xsd#rwt_LoanAcquisitionCosts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_LoanAcquisitionCosts" xlink:to="lab_rwt_LoanAcquisitionCosts" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock_fa14bc31-60d5-4c3b-9e1f-3c4b0d363f8c_terseLabel_en-US" xlink:label="lab_us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses</link:label>
    <link:label id="lab_us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock_label_en-US" xlink:label="lab_us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Income and Other Expense Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:to="lab_us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_InterestExpenseCashFlowHedge_51d17613-d813-4aa5-a818-cacb2ddd1f7a_negatedLabel_en-US" xlink:label="lab_rwt_InterestExpenseCashFlowHedge" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net interest expense on cash flows hedges</link:label>
    <link:label id="lab_rwt_InterestExpenseCashFlowHedge_label_en-US" xlink:label="lab_rwt_InterestExpenseCashFlowHedge" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Expense Cash Flow Hedge</link:label>
    <link:label id="lab_rwt_InterestExpenseCashFlowHedge_documentation_en-US" xlink:label="lab_rwt_InterestExpenseCashFlowHedge" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amount of interest expense recognized in earnings on cash flow hedge.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestExpenseCashFlowHedge" xlink:href="rwt-20210331.xsd#rwt_InterestExpenseCashFlowHedge"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_InterestExpenseCashFlowHedge" xlink:to="lab_rwt_InterestExpenseCashFlowHedge" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_348a1594-4155-49b8-82d1-7da9a6c824fc_periodStartLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Beginning balance - December 31, 2020</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_8e5b75ef-39c6-4481-9923-e0a40a54bbd7_periodEndLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ending balance - March 31, 2021</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages_42ea5f3e-93af-497e-b358-bcfe940f452b_terseLabel_en-US" xlink:label="lab_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Multifamily loans</link:label>
    <link:label id="lab_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages_label_en-US" xlink:label="lab_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest and Fee Income, Loans Held-for-sale, Mortgages</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages" xlink:to="lab_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember_490d0228-4b71-46fa-824f-8cb8ed9e12df_terseLabel_en-US" xlink:label="lab_rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan purchase commitments and forward sales commitments</link:label>
    <link:label id="lab_rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember_label_en-US" xlink:label="lab_rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan Purchase Commitments And Forward Sales Commitments [Member]</link:label>
    <link:label id="lab_rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember_documentation_en-US" xlink:label="lab_rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan Purchase Commitments And Forward Sales Commitments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember" xlink:href="rwt-20210331.xsd#rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember" xlink:to="lab_rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_4864f364-b442-4dd3-8bc3-4412c6d60770_negatedLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification of unrealized gain on available-for-sale securities to net income</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementEquityComponentsAxis_c8d21e78-f745-4a34-ae20-7199cc17b61e_terseLabel_en-US" xlink:label="lab_us-gaap_StatementEquityComponentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity Components [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementEquityComponentsAxis_label_en-US" xlink:label="lab_us-gaap_StatementEquityComponentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity Components [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementEquityComponentsAxis" xlink:to="lab_us-gaap_StatementEquityComponentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NoninterestIncome_d5932c7c-8a1f-43b8-acf6-651d8a974160_totalLabel_en-US" xlink:label="lab_us-gaap_NoninterestIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total non-interest income (loss), net</link:label>
    <link:label id="lab_us-gaap_NoninterestIncome_label_en-US" xlink:label="lab_us-gaap_NoninterestIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Noninterest Income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoninterestIncome" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoninterestIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoninterestIncome" xlink:to="lab_us-gaap_NoninterestIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentNameDomain_82825a4e-8d8c-4a41-9397-e1d3a2040261_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentNameDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument, Name [Domain]</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentNameDomain_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument, Name [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentNameDomain" xlink:to="lab_us-gaap_DebtInstrumentNameDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ReceivablesAbstract_df16091a-366c-4068-a436-b34424037e74_terseLabel_en-US" xlink:label="lab_us-gaap_ReceivablesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Receivables [Abstract]</link:label>
    <link:label id="lab_us-gaap_ReceivablesAbstract_label_en-US" xlink:label="lab_us-gaap_ReceivablesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Receivables [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReceivablesAbstract" xlink:to="lab_us-gaap_ReceivablesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_MinimumMember_50b76fcc-3e09-45ac-85f3-68e375d5cf69_terseLabel_en-US" xlink:label="lab_srt_MinimumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Minimum</link:label>
    <link:label id="lab_srt_MinimumMember_label_en-US" xlink:label="lab_srt_MinimumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Minimum [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MinimumMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_MinimumMember" xlink:to="lab_srt_MinimumMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SubordinateSecuritiesMember_e1e163af-67bc-4b27-9379-b53ec645b320_terseLabel_en-US" xlink:label="lab_rwt_SubordinateSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subordinate Securities</link:label>
    <link:label id="lab_rwt_SubordinateSecuritiesMember_35e4c3e0-5aa2-467e-8f35-b80723e9acde_verboseLabel_en-US" xlink:label="lab_rwt_SubordinateSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subordinate</link:label>
    <link:label id="lab_rwt_SubordinateSecuritiesMember_64f99b45-afbe-40d1-9be1-6cf073bdf9ee_netLabel_en-US" xlink:label="lab_rwt_SubordinateSecuritiesMember" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subordinate</link:label>
    <link:label id="lab_rwt_SubordinateSecuritiesMember_label_en-US" xlink:label="lab_rwt_SubordinateSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subordinate Securities [Member]</link:label>
    <link:label id="lab_rwt_SubordinateSecuritiesMember_documentation_en-US" xlink:label="lab_rwt_SubordinateSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subordinate Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SubordinateSecuritiesMember" xlink:href="rwt-20210331.xsd#rwt_SubordinateSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SubordinateSecuritiesMember" xlink:to="lab_rwt_SubordinateSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_BusinessPurposeMortgageBankingActivitiesMember_293dabf1-2804-417e-844b-24052ef4d419_terseLabel_en-US" xlink:label="lab_rwt_BusinessPurposeMortgageBankingActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Mortgage Banking Activities, Net:</link:label>
    <link:label id="lab_rwt_BusinessPurposeMortgageBankingActivitiesMember_label_en-US" xlink:label="lab_rwt_BusinessPurposeMortgageBankingActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Mortgage Banking Activities [Member]</link:label>
    <link:label id="lab_rwt_BusinessPurposeMortgageBankingActivitiesMember_documentation_en-US" xlink:label="lab_rwt_BusinessPurposeMortgageBankingActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Mortgage Banking Activities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeMortgageBankingActivitiesMember" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeMortgageBankingActivitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_BusinessPurposeMortgageBankingActivitiesMember" xlink:to="lab_rwt_BusinessPurposeMortgageBankingActivitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember_62773283-cd25-401f-a8f0-593a79c662e6_terseLabel_en-US" xlink:label="lab_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single-family rental loans, held-for-sale</link:label>
    <link:label id="lab_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember_1372313e-b7f4-44da-9a66-cab49f2fa28a_verboseLabel_en-US" xlink:label="lab_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single-family rental loans, at fair value</link:label>
    <link:label id="lab_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember_label_en-US" xlink:label="lab_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single-Family Rental Loans, Held-For-Sale At Fair Value [Member]</link:label>
    <link:label id="lab_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember_documentation_en-US" xlink:label="lab_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single-Family Rental Loans, Held-For-Sale At Fair Value [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember" xlink:to="lab_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract_60f077b1-1fc5-4e08-a2f1-7c4b3c0ce20f_terseLabel_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Decrease in fair value from:</link:label>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract_label_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of Adverse Change In Expected Credit Losses [Abstract]</link:label>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract_documentation_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of Adverse Change In Expected Credit Losses [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract" xlink:to="lab_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CumulativeDividends_a6b222d7-6479-4bc7-ae90-33b7144277f3_negatedLabel_en-US" xlink:label="lab_us-gaap_CumulativeDividends" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cumulative distributions to stockholders</link:label>
    <link:label id="lab_us-gaap_CumulativeDividends_label_en-US" xlink:label="lab_us-gaap_CumulativeDividends" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cumulative Dividends</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CumulativeDividends" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CumulativeDividends"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CumulativeDividends" xlink:to="lab_us-gaap_CumulativeDividends" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AssetBackedSecuritiesMember_c36e337e-b365-4e04-8c03-ff9178a6f2c6_netLabel_en-US" xlink:label="lab_us-gaap_AssetBackedSecuritiesMember" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ABS Issued</link:label>
    <link:label id="lab_us-gaap_AssetBackedSecuritiesMember_717aba76-03f7-4d80-93bf-32bfb81d8cb8_terseLabel_en-US" xlink:label="lab_us-gaap_AssetBackedSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Asset-backed securities issued</link:label>
    <link:label id="lab_us-gaap_AssetBackedSecuritiesMember_label_en-US" xlink:label="lab_us-gaap_AssetBackedSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Asset-backed Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetBackedSecuritiesMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetBackedSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetBackedSecuritiesMember" xlink:to="lab_us-gaap_AssetBackedSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityInteractiveDataCurrent_cb617b8f-7322-4279-ac66-2775ee061970_terseLabel_en-US" xlink:label="lab_dei_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Interactive Data Current</link:label>
    <link:label id="lab_dei_EntityInteractiveDataCurrent_label_en-US" xlink:label="lab_dei_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Interactive Data Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityInteractiveDataCurrent" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityInteractiveDataCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityInteractiveDataCurrent" xlink:to="lab_dei_EntityInteractiveDataCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_f1184444-2907-4cb9-9a7c-f5255ce12e26_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Flows From Operating Activities:</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_1c26aa9b-9aba-41c2-9a41-68bc2bed6439_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity</link:label>
    <link:label id="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stockholders' Equity Note Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:to="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock_45595f4f-5ffd-474a-befd-9b155b700daf_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Components of Fair Value of Available for Sale Securities by Holding Periods</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RedwoodIncentivePlanMember_50e3b770-2c5d-4490-8256-b0e292d45e47_terseLabel_en-US" xlink:label="lab_rwt_RedwoodIncentivePlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Redwood Incentive Plan</link:label>
    <link:label id="lab_rwt_RedwoodIncentivePlanMember_label_en-US" xlink:label="lab_rwt_RedwoodIncentivePlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Redwood Incentive Plan [Member]</link:label>
    <link:label id="lab_rwt_RedwoodIncentivePlanMember_documentation_en-US" xlink:label="lab_rwt_RedwoodIncentivePlanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Redwood Incentive Plan [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RedwoodIncentivePlanMember" xlink:href="rwt-20210331.xsd#rwt_RedwoodIncentivePlanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RedwoodIncentivePlanMember" xlink:to="lab_rwt_RedwoodIncentivePlanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_c648b00b-46c8-481e-a40b-e2e9e46d9aa1_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2021 (9 months)</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeTable_6bfa226b-d1d8-431d-be6d-2c089c89ff58_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative [Table]</link:label>
    <link:label id="lab_us-gaap_DerivativeTable_label_en-US" xlink:label="lab_us-gaap_DerivativeTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeTable" xlink:to="lab_us-gaap_DerivativeTable" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock_ad7bc367-4e66-448a-a235-299123daa5dc_terseLabel_en-US" xlink:label="lab_rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Values of Real Estate Securities by Type</link:label>
    <link:label id="lab_rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock_label_en-US" xlink:label="lab_rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value And Investments In Debt And Marketable Equity Securities And Certain Trading Assets Disclosures [Table Text Block]</link:label>
    <link:label id="lab_rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock_documentation_en-US" xlink:label="lab_rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tabular disclosure of fair value and investments in debt and marketable equity securities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock" xlink:href="rwt-20210331.xsd#rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock" xlink:to="lab_rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementOfStockholdersEquityAbstract_80c3505a-d561-4bba-8762-f2a39ecb727f_terseLabel_en-US" xlink:label="lab_us-gaap_StatementOfStockholdersEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statement of Stockholders' Equity [Abstract]</link:label>
    <link:label id="lab_us-gaap_StatementOfStockholdersEquityAbstract_label_en-US" xlink:label="lab_us-gaap_StatementOfStockholdersEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statement of Stockholders' Equity [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="lab_us-gaap_StatementOfStockholdersEquityAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherCostAndExpenseOperating_020767dd-87d9-486d-b2ef-aeb38906e0f7_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCostAndExpenseOperating" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_OtherCostAndExpenseOperating_label_en-US" xlink:label="lab_us-gaap_OtherCostAndExpenseOperating" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Cost and Expense, Operating</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCostAndExpenseOperating" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCostAndExpenseOperating"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCostAndExpenseOperating" xlink:to="lab_us-gaap_OtherCostAndExpenseOperating" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfInvestmentsTable_6ff4cf7d-1269-4d19-9db7-787a6b97d4a1_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfInvestmentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Investments [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfInvestmentsTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfInvestmentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Investments [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfInvestmentsTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfInvestmentsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInvestmentsTable" xlink:to="lab_us-gaap_ScheduleOfInvestmentsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember_95d3f5ff-cf7b-4af6-b68e-d71141cdee12_terseLabel_en-US" xlink:label="lab_rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single-family rental loans held-for-sale, at fair value</link:label>
    <link:label id="lab_rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember_label_en-US" xlink:label="lab_rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single-Family Residential Loans Held-for-sale at Fair Value [Member]</link:label>
    <link:label id="lab_rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember_documentation_en-US" xlink:label="lab_rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single-Family Residential Loans Held-for-sale at Fair Value [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember" xlink:to="lab_rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock_c0c49141-169c-4736-9611-04e494c73d1d_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity Compensation Costs by Award Type</link:label>
    <link:label id="lab_us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment Arrangement, Nonvested Award, Cost [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SequoiaChoiceSecuritizationEntitiesMember_459cf724-cbed-4498-806f-cb66643fffec_terseLabel_en-US" xlink:label="lab_rwt_SequoiaChoiceSecuritizationEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sequoia Choice</link:label>
    <link:label id="lab_rwt_SequoiaChoiceSecuritizationEntitiesMember_label_en-US" xlink:label="lab_rwt_SequoiaChoiceSecuritizationEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sequoia Choice Securitization Entities [Member]</link:label>
    <link:label id="lab_rwt_SequoiaChoiceSecuritizationEntitiesMember_documentation_en-US" xlink:label="lab_rwt_SequoiaChoiceSecuritizationEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sequoia Choice Securitization Entities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember" xlink:to="lab_rwt_SequoiaChoiceSecuritizationEntitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MortgageServicingRightsIncomeLossNet_000c5f2b-6078-4b7b-85b7-6c9d45cc59af_verboseLabel_en-US" xlink:label="lab_rwt_MortgageServicingRightsIncomeLossNet" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Income</link:label>
    <link:label id="lab_rwt_MortgageServicingRightsIncomeLossNet_925cb052-4de8-43f2-ac03-4568ea7498ad_terseLabel_en-US" xlink:label="lab_rwt_MortgageServicingRightsIncomeLossNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">MSR income (loss), net</link:label>
    <link:label id="lab_rwt_MortgageServicingRightsIncomeLossNet_label_en-US" xlink:label="lab_rwt_MortgageServicingRightsIncomeLossNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Servicing Rights Income (Loss), Net</link:label>
    <link:label id="lab_rwt_MortgageServicingRightsIncomeLossNet_documentation_en-US" xlink:label="lab_rwt_MortgageServicingRightsIncomeLossNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Includes income (loss) from mortgage banking servicing real estate mortgages, net of subservicing costs, and market valuation changes of MSRs held at fair value.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsIncomeLossNet" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsIncomeLossNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MortgageServicingRightsIncomeLossNet" xlink:to="lab_rwt_MortgageServicingRightsIncomeLossNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_9f349eb9-e11f-483d-99b8-f0533b57a8d9_terseLabel_en-US" xlink:label="lab_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash flow hedge gain (loss) to be reclassified over the next 12 months</link:label>
    <link:label id="lab_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_label_en-US" xlink:label="lab_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths" xlink:to="lab_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ConsolidationItemsAxis_d8646783-7286-4263-936e-021bf3b77583_terseLabel_en-US" xlink:label="lab_srt_ConsolidationItemsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consolidation Items [Axis]</link:label>
    <link:label id="lab_srt_ConsolidationItemsAxis_label_en-US" xlink:label="lab_srt_ConsolidationItemsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consolidation Items [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsAxis" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidationItemsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidationItemsAxis" xlink:to="lab_srt_ConsolidationItemsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GoodwillImpairmentLoss_8851bf48-c592-44c6-8a38-cbf825cab4b1_terseLabel_en-US" xlink:label="lab_us-gaap_GoodwillImpairmentLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Goodwill impairment expense</link:label>
    <link:label id="lab_us-gaap_GoodwillImpairmentLoss_ae8f1a4b-f91c-4e14-b248-4ce92c920bc7_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_GoodwillImpairmentLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other significant non-cash expense: goodwill impairment</link:label>
    <link:label id="lab_us-gaap_GoodwillImpairmentLoss_label_en-US" xlink:label="lab_us-gaap_GoodwillImpairmentLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Goodwill, Impairment Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillImpairmentLoss" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GoodwillImpairmentLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GoodwillImpairmentLoss" xlink:to="lab_us-gaap_GoodwillImpairmentLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_3e47c201-814e-4395-ac6c-b0990a2496e5_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Present value of remaining lease payments</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_5fb7e956-e3d6-4079-a66f-4885783cdaa9_totalLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Lease Commitments</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lessee, Operating Lease, Liability, to be Paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_cb8e965e-7295-4e9c-b516-964557887b1f_verboseLabel_en-US" xlink:label="lab_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential loans, held-for-investment</link:label>
    <link:label id="lab_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_2061630d-acab-435e-b748-c99ebcf9ee5c_terseLabel_en-US" xlink:label="lab_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Held-for-investment at fair value</link:label>
    <link:label id="lab_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_label_en-US" xlink:label="lab_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans Held For Investment At Fair Value [Member]</link:label>
    <link:label id="lab_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_documentation_en-US" xlink:label="lab_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Loans Held For Investment At Fair Value [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentAtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember" xlink:to="lab_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_GuaranteeObligationCreditReserve_ebbcfffd-1e1a-4661-818e-371b792de788_terseLabel_en-US" xlink:label="lab_rwt_GuaranteeObligationCreditReserve" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Guarantee obligations, credit reserve</link:label>
    <link:label id="lab_rwt_GuaranteeObligationCreditReserve_label_en-US" xlink:label="lab_rwt_GuaranteeObligationCreditReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Guarantee Obligation, Credit Reserve</link:label>
    <link:label id="lab_rwt_GuaranteeObligationCreditReserve_documentation_en-US" xlink:label="lab_rwt_GuaranteeObligationCreditReserve" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Guarantee Obligation, Credit Reserve</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_GuaranteeObligationCreditReserve" xlink:href="rwt-20210331.xsd#rwt_GuaranteeObligationCreditReserve"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_GuaranteeObligationCreditReserve" xlink:to="lab_rwt_GuaranteeObligationCreditReserve" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShorttermDebtFairValue_739bd6a4-73ec-44e4-84bd-68ce077b9dfd_terseLabel_en-US" xlink:label="lab_us-gaap_ShorttermDebtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term debt</link:label>
    <link:label id="lab_us-gaap_ShorttermDebtFairValue_label_en-US" xlink:label="lab_us-gaap_ShorttermDebtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term Debt, Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShorttermDebtFairValue" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShorttermDebtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShorttermDebtFairValue" xlink:to="lab_us-gaap_ShorttermDebtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset_157af9b7-0e5d-499d-8e09-65a19c7d4b17_terseLabel_en-US" xlink:label="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Amounts Offset in Consolidated Balance Sheet</link:label>
    <link:label id="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset_label_en-US" xlink:label="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Securities Sold under Agreements to Repurchase, Asset</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset" xlink:to="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment_1c0f5d34-2608-47e3-a4d5-856dba3b7187_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal balance of securities acquired</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments to Acquire Trading Securities Held-for-investment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment" xlink:to="lab_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_650af4ab-3368-470b-b24f-9f0004f56a72_terseLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average common shares outstanding (in shares)</link:label>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_label_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Basic and Diluted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:to="lab_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommunicationsAndInformationTechnology_dfaaa18c-bffb-420f-a960-8dab74676b9c_terseLabel_en-US" xlink:label="lab_us-gaap_CommunicationsAndInformationTechnology" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Systems and consulting</link:label>
    <link:label id="lab_us-gaap_CommunicationsAndInformationTechnology_label_en-US" xlink:label="lab_us-gaap_CommunicationsAndInformationTechnology" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Communications and Information Technology</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommunicationsAndInformationTechnology" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommunicationsAndInformationTechnology"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommunicationsAndInformationTechnology" xlink:to="lab_us-gaap_CommunicationsAndInformationTechnology" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_7b2db605-201f-4fd9-83e7-bd0bcc3dc8cf_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Measurement Inputs and Valuation Techniques [Table]</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Measurement Inputs and Valuation Techniques [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross_e7b08cc5-50bd-44ff-b3bb-35bdc0e4d729_negatedTotalLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Amounts of Recognized Assets (Liabilities)</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned, Gross</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross" xlink:to="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentTransitionReport_47f82352-e680-4a11-b7f2-ba84b705479d_terseLabel_en-US" xlink:label="lab_dei_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Transition Report</link:label>
    <link:label id="lab_dei_DocumentTransitionReport_label_en-US" xlink:label="lab_dei_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Transition Report</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentTransitionReport" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentTransitionReport"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentTransitionReport" xlink:to="lab_dei_DocumentTransitionReport" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember_64413a8f-0628-4eed-9437-35b87fdbd7b6_terseLabel_en-US" xlink:label="lab_rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recourse Subordinate Securities Financing</link:label>
    <link:label id="lab_rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember_label_en-US" xlink:label="lab_rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recourse Subordinate Securities Financing Facilities [Member]</link:label>
    <link:label id="lab_rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember_documentation_en-US" xlink:label="lab_rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recourse Subordinate Securities Financing Facilities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember" xlink:href="rwt-20210331.xsd#rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember" xlink:to="lab_rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_167fab92-172d-4ddc-8bb1-47a6ef5acbdb_negatedLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">12 Consecutive Months or Longer, Unrealized Losses</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeAsset_d599b092-3564-4e86-8d40-b3c0be7589db_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Amounts of Recognized Assets (Liabilities)</link:label>
    <link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeAsset_label_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Asset, Fair Value, Gross Asset</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeAsset" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeFairValueOfDerivativeAsset" xlink:to="lab_us-gaap_DerivativeFairValueOfDerivativeAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ScheduleCollateralforShortTermDebtTableTextBlock_ca47bd9b-ab17-4e98-b48f-aa60682e9473_terseLabel_en-US" xlink:label="lab_rwt_ScheduleCollateralforShortTermDebtTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Collateral for Short-Term Debt Facilities</link:label>
    <link:label id="lab_rwt_ScheduleCollateralforShortTermDebtTableTextBlock_label_en-US" xlink:label="lab_rwt_ScheduleCollateralforShortTermDebtTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule Collateral for Short-Term Debt [Table Text Block]</link:label>
    <link:label id="lab_rwt_ScheduleCollateralforShortTermDebtTableTextBlock_documentation_en-US" xlink:label="lab_rwt_ScheduleCollateralforShortTermDebtTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule Collateral for Short-Term Debt [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleCollateralforShortTermDebtTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_ScheduleCollateralforShortTermDebtTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ScheduleCollateralforShortTermDebtTableTextBlock" xlink:to="lab_rwt_ScheduleCollateralforShortTermDebtTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_15b71168-c575-47e7-8f28-6787ddfd62b1_terseLabel_en-US" xlink:label="lab_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unpaid principal balance</link:label>
    <link:label id="lab_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_4576104e-ca44-4085-8cb5-6e6e83691cae_verboseLabel_en-US" xlink:label="lab_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan principal</link:label>
    <link:label id="lab_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_label_en-US" xlink:label="lab_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized" xlink:to="lab_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_93c62984-0efc-49fe-88d3-d6ab8de39323_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Marketable securities, due from five to ten years</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueInputsLevel2Member_0b32a88b-927e-4fc7-be6a-3fcdfdfa0298_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Level 2</link:label>
    <link:label id="lab_us-gaap_FairValueInputsLevel2Member_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Inputs, Level 2 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel2Member" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel2Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel2Member" xlink:to="lab_us-gaap_FairValueInputsLevel2Member" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_BridgeLoanHoldback_c9279b80-e1c0-4665-9426-d2bf49d3fc29_terseLabel_en-US" xlink:label="lab_rwt_BridgeLoanHoldback" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Bridge loan holdbacks</link:label>
    <link:label id="lab_rwt_BridgeLoanHoldback_label_en-US" xlink:label="lab_rwt_BridgeLoanHoldback" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Bridge Loan Holdback</link:label>
    <link:label id="lab_rwt_BridgeLoanHoldback_documentation_en-US" xlink:label="lab_rwt_BridgeLoanHoldback" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Bridge Loan Holdback</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BridgeLoanHoldback" xlink:href="rwt-20210331.xsd#rwt_BridgeLoanHoldback"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_BridgeLoanHoldback" xlink:to="lab_rwt_BridgeLoanHoldback" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock_46fff645-5afb-4faa-bdf2-fa3f9163816f_terseLabel_en-US" xlink:label="lab_rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Market Valuation Gains and Losses, Net</link:label>
    <link:label id="lab_rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock_label_en-US" xlink:label="lab_rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule Of Market Valuation Adjustments Included In Earnings [Table Text Block]</link:label>
    <link:label id="lab_rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock_documentation_en-US" xlink:label="lab_rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tabular disclosure for the total amount of market valuation adjustments for the period which are included in earnings.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock" xlink:to="lab_rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock_8b2f0f9d-d57a-453f-aceb-77b53e3fc21e_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets and Liabilities Measured at Fair Value on Non-Recurring Basis</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Measurements, Nonrecurring [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock" xlink:to="lab_us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentQuarterlyReport_c176ea8c-c3d1-4137-8842-36dd5dfce5c2_terseLabel_en-US" xlink:label="lab_dei_DocumentQuarterlyReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Quarterly Report</link:label>
    <link:label id="lab_dei_DocumentQuarterlyReport_label_en-US" xlink:label="lab_dei_DocumentQuarterlyReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Quarterly Report</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentQuarterlyReport" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentQuarterlyReport"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentQuarterlyReport" xlink:to="lab_dei_DocumentQuarterlyReport" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LiabilitiesFairValueDisclosureAbstract_ef1ee050-2ea0-4c1c-a523-59e16f9c8a8e_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesFairValueDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liabilities</link:label>
    <link:label id="lab_us-gaap_LiabilitiesFairValueDisclosureAbstract_label_en-US" xlink:label="lab_us-gaap_LiabilitiesFairValueDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liabilities, Fair Value Disclosure [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosureAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract" xlink:to="lab_us-gaap_LiabilitiesFairValueDisclosureAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_LesseeNumberOfLeases_94a1d238-2f40-4b93-8b10-607e5603bd75_terseLabel_en-US" xlink:label="lab_rwt_LesseeNumberOfLeases" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lessee, number of leases</link:label>
    <link:label id="lab_rwt_LesseeNumberOfLeases_label_en-US" xlink:label="lab_rwt_LesseeNumberOfLeases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lessee, Number Of Leases</link:label>
    <link:label id="lab_rwt_LesseeNumberOfLeases_documentation_en-US" xlink:label="lab_rwt_LesseeNumberOfLeases" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lessee, Number Of Leases</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LesseeNumberOfLeases" xlink:href="rwt-20210331.xsd#rwt_LesseeNumberOfLeases"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_LesseeNumberOfLeases" xlink:to="lab_rwt_LesseeNumberOfLeases" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember_89681123-9b7c-4d0d-9603-b7f12518fea9_terseLabel_en-US" xlink:label="lab_srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Revision of Prior Period, Accounting Standards Update, Adjustment</link:label>
    <link:label id="lab_srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember_label_en-US" xlink:label="lab_srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Revision of Prior Period, Accounting Standards Update, Adjustment [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember" xlink:to="lab_srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SeniorSecuritiesMember_9d285795-2929-4824-a628-57f8e1bd89b4_terseLabel_en-US" xlink:label="lab_rwt_SeniorSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior IO Securities</link:label>
    <link:label id="lab_rwt_SeniorSecuritiesMember_f71ff30e-28eb-4fd2-92c7-ee4dd23623e5_netLabel_en-US" xlink:label="lab_rwt_SeniorSecuritiesMember" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior Securities</link:label>
    <link:label id="lab_rwt_SeniorSecuritiesMember_a59b2aa6-937d-4205-88bb-f1b0e32a7d3e_verboseLabel_en-US" xlink:label="lab_rwt_SeniorSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior</link:label>
    <link:label id="lab_rwt_SeniorSecuritiesMember_label_en-US" xlink:label="lab_rwt_SeniorSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior Securities [Member]</link:label>
    <link:label id="lab_rwt_SeniorSecuritiesMember_documentation_en-US" xlink:label="lab_rwt_SeniorSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorSecuritiesMember" xlink:href="rwt-20210331.xsd#rwt_SeniorSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SeniorSecuritiesMember" xlink:to="lab_rwt_SeniorSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_BusinessPurposeBridgeLoansMember_ac5d414b-6198-42fe-8498-ed56f84a869f_terseLabel_en-US" xlink:label="lab_rwt_BusinessPurposeBridgeLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Bridge Loans</link:label>
    <link:label id="lab_rwt_BusinessPurposeBridgeLoansMember_label_en-US" xlink:label="lab_rwt_BusinessPurposeBridgeLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Bridge Loans [Member]</link:label>
    <link:label id="lab_rwt_BusinessPurposeBridgeLoansMember_documentation_en-US" xlink:label="lab_rwt_BusinessPurposeBridgeLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Bridge Loans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeBridgeLoansMember" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeBridgeLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_BusinessPurposeBridgeLoansMember" xlink:to="lab_rwt_BusinessPurposeBridgeLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_LitigationCaseTypeDomain_689ecb37-f737-49ef-8c71-2cf7c9922e73_terseLabel_en-US" xlink:label="lab_srt_LitigationCaseTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Litigation Case [Domain]</link:label>
    <link:label id="lab_srt_LitigationCaseTypeDomain_label_en-US" xlink:label="lab_srt_LitigationCaseTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Litigation Case [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_LitigationCaseTypeDomain" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_LitigationCaseTypeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_LitigationCaseTypeDomain" xlink:to="lab_srt_LitigationCaseTypeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EarningsPerShareBasic_241c0a09-ff92-4885-afbe-8a063fb3ec70_terseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareBasic" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Basic earnings (loss) per common share (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_EarningsPerShareBasic_8bdca6ba-b898-4b99-9a86-ed63cf10666f_verboseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareBasic" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Basic Earnings (Loss) per Common Share (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_EarningsPerShareBasic_label_en-US" xlink:label="lab_us-gaap_EarningsPerShareBasic" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings Per Share, Basic</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareBasic" xlink:to="lab_us-gaap_EarningsPerShareBasic" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityFileNumber_a780698d-387d-4080-ab5f-c1ffb22f33f1_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity File Number</link:label>
    <link:label id="lab_dei_EntityFileNumber_label_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity File Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityFileNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFileNumber" xlink:to="lab_dei_EntityFileNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_36a82344-f2b1-4288-9f08-9e80f7bd9351_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average remaining lease term</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Lease, Weighted Average Remaining Lease Term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:to="lab_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CollateralDomain_8d50d03d-80cb-4068-b639-3a1361c1e81e_terseLabel_en-US" xlink:label="lab_us-gaap_CollateralDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Collateral [Domain]</link:label>
    <link:label id="lab_us-gaap_CollateralDomain_label_en-US" xlink:label="lab_us-gaap_CollateralDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Collateral Held [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CollateralDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CollateralDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CollateralDomain" xlink:to="lab_us-gaap_CollateralDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_0f18ccfb-c438-403f-82bf-4ac0d39de947_totalLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Amount</link:label>
    <link:label id="lab_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_label_en-US" xlink:label="lab_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Asset, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:to="lab_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfFinanceReceivables_581628b0-6255-48df-a91b-6d2a1f4ae56d_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfFinanceReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from sales of loan investments</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfFinanceReceivables_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfFinanceReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from Sale of Finance Receivables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfFinanceReceivables" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfFinanceReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfFinanceReceivables" xlink:to="lab_us-gaap_ProceedsFromSaleOfFinanceReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock_2fa37c27-f516-462b-bde3-c6342bb75e15_terseLabel_en-US" xlink:label="lab_rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Assets and Liabilities</link:label>
    <link:label id="lab_rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock_label_en-US" xlink:label="lab_rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Assets And Other Liabilities Disclosure [Text Block]</link:label>
    <link:label id="lab_rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock_documentation_en-US" xlink:label="lab_rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Assets And Other Liabilities Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock" xlink:href="rwt-20210331.xsd#rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock" xlink:to="lab_rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_e4bbb073-4b18-4ae8-a632-f261bacf088d_terseLabel_en-US" xlink:label="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities [Table]</link:label>
    <link:label id="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_label_en-US" xlink:label="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable" xlink:to="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InvestmentHoldingsTable_f8582c26-cbcd-4295-8480-cfdaa154d3de_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentHoldingsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment Holdings [Table]</link:label>
    <link:label id="lab_us-gaap_InvestmentHoldingsTable_label_en-US" xlink:label="lab_us-gaap_InvestmentHoldingsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment Holdings [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentHoldingsTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentHoldingsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentHoldingsTable" xlink:to="lab_us-gaap_InvestmentHoldingsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DividendsCommonStock_392506de-311b-4b5d-bce2-1013147d8bca_negatedLabel_en-US" xlink:label="lab_us-gaap_DividendsCommonStock" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common dividends declared</link:label>
    <link:label id="lab_us-gaap_DividendsCommonStock_label_en-US" xlink:label="lab_us-gaap_DividendsCommonStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dividends, Common Stock</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsCommonStock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DividendsCommonStock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendsCommonStock" xlink:to="lab_us-gaap_DividendsCommonStock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AllocatedShareBasedCompensationExpense_850909c1-bb62-4edb-8614-d0fd1e15c30e_terseLabel_en-US" xlink:label="lab_us-gaap_AllocatedShareBasedCompensationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term incentive award expense</link:label>
    <link:label id="lab_us-gaap_AllocatedShareBasedCompensationExpense_label_en-US" xlink:label="lab_us-gaap_AllocatedShareBasedCompensationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment Arrangement, Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpense" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllocatedShareBasedCompensationExpense" xlink:to="lab_us-gaap_AllocatedShareBasedCompensationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_c8c7969a-f1ca-4b79-8136-ceeb6c4f1d7b_verboseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Available-for-Sale Securities</link:label>
    <link:label id="lab_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_label_en-US" xlink:label="lab_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:to="lab_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentCollateralAmount_e0f139cd-d44d-4670-a334-90dcfe6822c9_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentCollateralAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Collateral amounts</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentCollateralAmount_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentCollateralAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument, Collateral Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCollateralAmount" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentCollateralAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentCollateralAmount" xlink:to="lab_us-gaap_DebtInstrumentCollateralAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ResidentialMortgageBankingActivitiesMember_b11dea52-345f-409b-94e8-712dc37b648a_terseLabel_en-US" xlink:label="lab_rwt_ResidentialMortgageBankingActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Mortgage Banking Activities, Net</link:label>
    <link:label id="lab_rwt_ResidentialMortgageBankingActivitiesMember_label_en-US" xlink:label="lab_rwt_ResidentialMortgageBankingActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Mortgage Banking Activities [Member]</link:label>
    <link:label id="lab_rwt_ResidentialMortgageBankingActivitiesMember_documentation_en-US" xlink:label="lab_rwt_ResidentialMortgageBankingActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Mortgage Banking Activities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialMortgageBankingActivitiesMember" xlink:href="rwt-20210331.xsd#rwt_ResidentialMortgageBankingActivitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ResidentialMortgageBankingActivitiesMember" xlink:to="lab_rwt_ResidentialMortgageBankingActivitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized_4f9002f3-1207-4939-9a86-2809b506981d_terseLabel_en-US" xlink:label="lab_rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Shares of common stock to be purchased in aggregate for all employees (in shares)</link:label>
    <link:label id="lab_rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized_label_en-US" xlink:label="lab_rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee Stock Purchase Plan, Number of Shares Authorized</link:label>
    <link:label id="lab_rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized_documentation_en-US" xlink:label="lab_rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Maximum amount of shares of common stock permitted to be purchased for all employees under the Employee Stock Purchase Plan.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized" xlink:href="rwt-20210331.xsd#rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized" xlink:to="lab_rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock_fcc0e54a-518c-4eb0-a21e-f391f88f7a9d_terseLabel_en-US" xlink:label="lab_rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Banking Activities, Net</link:label>
    <link:label id="lab_rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock_label_en-US" xlink:label="lab_rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Banking And Investing Activities Disclosure [Text Block]</link:label>
    <link:label id="lab_rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock_documentation_en-US" xlink:label="lab_rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Banking And Investing Activities Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock" xlink:to="lab_rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans_cab5920c-2479-4a3e-918c-56fe2d245136_terseLabel_en-US" xlink:label="lab_rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of loans transferred</link:label>
    <link:label id="lab_rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans_label_en-US" xlink:label="lab_rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Owned, Transfer to Real Estate Owned, Number Of Loans</link:label>
    <link:label id="lab_rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans_documentation_en-US" xlink:label="lab_rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Owned, Transfer to Real Estate Owned, Number Of Loans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans" xlink:href="rwt-20210331.xsd#rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans" xlink:to="lab_rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommercialRealEstateMember_deca153e-3bb4-4232-bd4d-52e2d383ee62_terseLabel_en-US" xlink:label="lab_us-gaap_CommercialRealEstateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commercial Real Estate</link:label>
    <link:label id="lab_us-gaap_CommercialRealEstateMember_label_en-US" xlink:label="lab_us-gaap_CommercialRealEstateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commercial Real Estate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommercialRealEstateMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommercialRealEstateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommercialRealEstateMember" xlink:to="lab_us-gaap_CommercialRealEstateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MeasurementInputCRTDollarPriceMember_f0fcf971-f15a-4d7b-8578-f2e41557efe7_terseLabel_en-US" xlink:label="lab_rwt_MeasurementInputCRTDollarPriceMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, CRT Dollar Price</link:label>
    <link:label id="lab_rwt_MeasurementInputCRTDollarPriceMember_label_en-US" xlink:label="lab_rwt_MeasurementInputCRTDollarPriceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, CRT Dollar Price [Member]</link:label>
    <link:label id="lab_rwt_MeasurementInputCRTDollarPriceMember_documentation_en-US" xlink:label="lab_rwt_MeasurementInputCRTDollarPriceMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, CRT Dollar Price</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputCRTDollarPriceMember" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputCRTDollarPriceMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MeasurementInputCRTDollarPriceMember" xlink:to="lab_rwt_MeasurementInputCRTDollarPriceMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProceedsFromOtherDebt_15dc2a6f-4d48-4dc5-a427-9e08d406a2a2_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromOtherDebt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from borrowings on long-term debt</link:label>
    <link:label id="lab_us-gaap_ProceedsFromOtherDebt_label_en-US" xlink:label="lab_us-gaap_ProceedsFromOtherDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from Other Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromOtherDebt" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromOtherDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromOtherDebt" xlink:to="lab_us-gaap_ProceedsFromOtherDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProfessionalFees_adcc6d17-a955-4554-a1f5-5d231967bbb0_terseLabel_en-US" xlink:label="lab_us-gaap_ProfessionalFees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounting and legal</link:label>
    <link:label id="lab_us-gaap_ProfessionalFees_label_en-US" xlink:label="lab_us-gaap_ProfessionalFees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Professional Fees</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfessionalFees" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProfessionalFees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProfessionalFees" xlink:to="lab_us-gaap_ProfessionalFees" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentTable_79fb0424-458c-4e3a-a967-54cacc19cd3c_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Long-term Debt Instruments [Table]</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentTable_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Long-term Debt Instruments [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentTable" xlink:to="lab_us-gaap_DebtInstrumentTable" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_PotentialFuturePayments_181aca44-4c02-46d2-b12f-b68f30dbb202_terseLabel_en-US" xlink:label="lab_rwt_PotentialFuturePayments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Potential future payments on loans</link:label>
    <link:label id="lab_rwt_PotentialFuturePayments_label_en-US" xlink:label="lab_rwt_PotentialFuturePayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Potential Future Payments</link:label>
    <link:label id="lab_rwt_PotentialFuturePayments_documentation_en-US" xlink:label="lab_rwt_PotentialFuturePayments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Potential Future Payments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PotentialFuturePayments" xlink:href="rwt-20210331.xsd#rwt_PotentialFuturePayments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_PotentialFuturePayments" xlink:to="lab_rwt_PotentialFuturePayments" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_VariableCompensationExpense_f302a5bb-acea-4d20-9966-2e7597f1d54f_terseLabel_en-US" xlink:label="lab_rwt_VariableCompensationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Annual variable compensation</link:label>
    <link:label id="lab_rwt_VariableCompensationExpense_label_en-US" xlink:label="lab_rwt_VariableCompensationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Variable Compensation Expense</link:label>
    <link:label id="lab_rwt_VariableCompensationExpense_documentation_en-US" xlink:label="lab_rwt_VariableCompensationExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Variable Compensation Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_VariableCompensationExpense" xlink:href="rwt-20210331.xsd#rwt_VariableCompensationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_VariableCompensationExpense" xlink:to="lab_rwt_VariableCompensationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_DebtSecuritiesAvailableForSaleCreditReserve_81d4da45-e3a0-4a2e-a226-93175435fa8a_negatedLabel_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableForSaleCreditReserve" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Credit reserve</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableForSaleCreditReserve_label_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableForSaleCreditReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available For Sale, Credit Reserve</link:label>
    <link:label id="lab_rwt_DebtSecuritiesAvailableForSaleCreditReserve_documentation_en-US" xlink:label="lab_rwt_DebtSecuritiesAvailableForSaleCreditReserve" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available For Sale, Credit Reserve</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableForSaleCreditReserve" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableForSaleCreditReserve"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_DebtSecuritiesAvailableForSaleCreditReserve" xlink:to="lab_rwt_DebtSecuritiesAvailableForSaleCreditReserve" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShortTermBorrowings_18d37350-5ad1-41aa-861d-3e7f10a711c4_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term debt, net</link:label>
    <link:label id="lab_us-gaap_ShortTermBorrowings_504db8f0-a35e-4ac2-9a97-5e7fa09f2bda_verboseLabel_en-US" xlink:label="lab_us-gaap_ShortTermBorrowings" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term debt</link:label>
    <link:label id="lab_us-gaap_ShortTermBorrowings_64104032-1a89-434f-a834-d1e1f42983ec_netLabel_en-US" xlink:label="lab_us-gaap_ShortTermBorrowings" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Outstanding Balance</link:label>
    <link:label id="lab_us-gaap_ShortTermBorrowings_label_en-US" xlink:label="lab_us-gaap_ShortTermBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermBorrowings" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermBorrowings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermBorrowings" xlink:to="lab_us-gaap_ShortTermBorrowings" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_45a9dc5e-1496-43ec-9eca-ccf4986d2ca4_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Flows From Investing Activities:</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_CommissionsOnLoanAcquisitions_db3ea6e1-47eb-4ef1-8030-a81a69a82dbf_terseLabel_en-US" xlink:label="lab_rwt_CommissionsOnLoanAcquisitions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commissions</link:label>
    <link:label id="lab_rwt_CommissionsOnLoanAcquisitions_label_en-US" xlink:label="lab_rwt_CommissionsOnLoanAcquisitions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commissions on Loan Acquisitions</link:label>
    <link:label id="lab_rwt_CommissionsOnLoanAcquisitions_documentation_en-US" xlink:label="lab_rwt_CommissionsOnLoanAcquisitions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commissions on Loan Acquisitions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommissionsOnLoanAcquisitions" xlink:href="rwt-20210331.xsd#rwt_CommissionsOnLoanAcquisitions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_CommissionsOnLoanAcquisitions" xlink:to="lab_rwt_CommissionsOnLoanAcquisitions" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LitigationReserve_3d7451dc-da36-4fb0-a0b7-58428015fcdc_terseLabel_en-US" xlink:label="lab_us-gaap_LitigationReserve" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Aggregate amount of loss contingency reserves</link:label>
    <link:label id="lab_us-gaap_LitigationReserve_label_en-US" xlink:label="lab_us-gaap_LitigationReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Estimated Litigation Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LitigationReserve" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LitigationReserve"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LitigationReserve" xlink:to="lab_us-gaap_LitigationReserve" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SpecialPurposeEntitiesAssets_69703eb9-97c5-4477-a4f9-b14ac74c9979_terseLabel_en-US" xlink:label="lab_rwt_SpecialPurposeEntitiesAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Special purpose entities assets</link:label>
    <link:label id="lab_rwt_SpecialPurposeEntitiesAssets_label_en-US" xlink:label="lab_rwt_SpecialPurposeEntitiesAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Special Purpose Entities, Assets</link:label>
    <link:label id="lab_rwt_SpecialPurposeEntitiesAssets_documentation_en-US" xlink:label="lab_rwt_SpecialPurposeEntitiesAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Special Purpose Entities, Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SpecialPurposeEntitiesAssets" xlink:href="rwt-20210331.xsd#rwt_SpecialPurposeEntitiesAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SpecialPurposeEntitiesAssets" xlink:to="lab_rwt_SpecialPurposeEntitiesAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_CommitmentToFundInvestmentMember_e10fa0cd-a530-4385-87d7-649b90baa1d8_terseLabel_en-US" xlink:label="lab_rwt_CommitmentToFundInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitment To Fund Investment</link:label>
    <link:label id="lab_rwt_CommitmentToFundInvestmentMember_label_en-US" xlink:label="lab_rwt_CommitmentToFundInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitment To Fund Investment [Member]</link:label>
    <link:label id="lab_rwt_CommitmentToFundInvestmentMember_documentation_en-US" xlink:label="lab_rwt_CommitmentToFundInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitment To Fund Investment [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundInvestmentMember" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundInvestmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_CommitmentToFundInvestmentMember" xlink:to="lab_rwt_CommitmentToFundInvestmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral_6a1f2690-f0bb-4896-9629-9d4b36020a8f_negatedTotalLabel_en-US" xlink:label="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Amount</link:label>
    <link:label id="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral_label_en-US" xlink:label="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Securities Sold under Agreements to Repurchase, Amount Offset Against Collateral</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral" xlink:to="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeAssetFairValueGrossLiability_75debca3-8c67-4ae5-a0cd-365c992e8584_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssetFairValueGrossLiability" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Amounts Offset in Consolidated Balance Sheet</link:label>
    <link:label id="lab_us-gaap_DerivativeAssetFairValueGrossLiability_label_en-US" xlink:label="lab_us-gaap_DerivativeAssetFairValueGrossLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Asset, Fair Value, Gross Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssetFairValueGrossLiability" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssetFairValueGrossLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssetFairValueGrossLiability" xlink:to="lab_us-gaap_DerivativeAssetFairValueGrossLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestExpenseMember_6f626089-c5b2-4c1f-9ab5-92c02bcdb9e7_terseLabel_en-US" xlink:label="lab_us-gaap_InterestExpenseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Expense</link:label>
    <link:label id="lab_us-gaap_InterestExpenseMember_label_en-US" xlink:label="lab_us-gaap_InterestExpenseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Expense [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpenseMember" xlink:to="lab_us-gaap_InterestExpenseMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SingleFamilyRentalLoansHeldForSaleMember_146ddf7f-873c-4ac5-a528-c48ecbd8df4f_terseLabel_en-US" xlink:label="lab_rwt_SingleFamilyRentalLoansHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single-Family Rental Loans, Held-For-Sale</link:label>
    <link:label id="lab_rwt_SingleFamilyRentalLoansHeldForSaleMember_label_en-US" xlink:label="lab_rwt_SingleFamilyRentalLoansHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single-Family Rental Loans, Held-For-Sale [Member]</link:label>
    <link:label id="lab_rwt_SingleFamilyRentalLoansHeldForSaleMember_documentation_en-US" xlink:label="lab_rwt_SingleFamilyRentalLoansHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single-Family Rental Loans, Held-For-Sale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansHeldForSaleMember" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansHeldForSaleMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SingleFamilyRentalLoansHeldForSaleMember" xlink:to="lab_rwt_SingleFamilyRentalLoansHeldForSaleMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_f6e49bc7-be80-4b76-a05e-f2295fd11422_terseLabel_en-US" xlink:label="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statement of Comprehensive Income [Abstract]</link:label>
    <link:label id="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_label_en-US" xlink:label="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statement of Comprehensive Income [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:to="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_2eaa8cc7-e867-48ba-a793-39b8e61cc241_terseLabel_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets [Table]</link:label>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_label_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable" xlink:to="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ReceivablesFairValueDisclosure_173464c4-2fa8-4d44-9ce5-470a882bf7d7_terseLabel_en-US" xlink:label="lab_us-gaap_ReceivablesFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential loans</link:label>
    <link:label id="lab_us-gaap_ReceivablesFairValueDisclosure_label_en-US" xlink:label="lab_us-gaap_ReceivablesFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Receivables, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesFairValueDisclosure" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReceivablesFairValueDisclosure" xlink:to="lab_us-gaap_ReceivablesFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquity_f08277e3-f954-41c2-a8a3-de429d4ff13a_totalLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Liabilities and Equity</link:label>
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquity_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liabilities and Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="lab_us-gaap_LiabilitiesAndStockholdersEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded_3021e402-b761-4403-b164-4e379edabc8a_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additions to allowance for credit losses on securities for which credit losses were not previously recorded</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueOptionChangesInFairValueGainLoss1_68306318-c9f1-47e1-9fd0-c7957feb5289_verboseLabel_en-US" xlink:label="lab_us-gaap_FairValueOptionChangesInFairValueGainLoss1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain (Loss) on assets measured at fair value on a non-recurring basis</link:label>
    <link:label id="lab_us-gaap_FairValueOptionChangesInFairValueGainLoss1_3b4a19bb-176e-4553-a404-ed2825dec862_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueOptionChangesInFairValueGainLoss1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net market valuation gains (losses) recorded</link:label>
    <link:label id="lab_us-gaap_FairValueOptionChangesInFairValueGainLoss1_label_en-US" xlink:label="lab_us-gaap_FairValueOptionChangesInFairValueGainLoss1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Option, Changes in Fair Value, Gain (Loss)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueOptionChangesInFairValueGainLoss1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1" xlink:to="lab_us-gaap_FairValueOptionChangesInFairValueGainLoss1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LossContingenciesLineItems_2e57228e-9f08-42ae-9c88-beec6446dc77_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingenciesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loss Contingencies [Line Items]</link:label>
    <link:label id="lab_us-gaap_LossContingenciesLineItems_label_en-US" xlink:label="lab_us-gaap_LossContingenciesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loss Contingencies [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingenciesLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LossContingenciesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingenciesLineItems" xlink:to="lab_us-gaap_LossContingenciesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_d714b771-b801-4386-a16b-3ad8543e321c_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated other comprehensive income (loss)</link:label>
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_label_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss), Net of Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:to="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeTaxDisclosureTextBlock_c147342b-9da7-4e11-b07f-d488bb675799_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Taxes</link:label>
    <link:label id="lab_us-gaap_IncomeTaxDisclosureTextBlock_label_en-US" xlink:label="lab_us-gaap_IncomeTaxDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income Tax Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxDisclosureTextBlock" xlink:to="lab_us-gaap_IncomeTaxDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_MortgageLoansOnRealEstateNumberOfLoans_6c64b7c0-85ad-4694-9c05-b255b203ee5b_terseLabel_en-US" xlink:label="lab_srt_MortgageLoansOnRealEstateNumberOfLoans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of loans</link:label>
    <link:label id="lab_srt_MortgageLoansOnRealEstateNumberOfLoans_label_en-US" xlink:label="lab_srt_MortgageLoansOnRealEstateNumberOfLoans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Number of Loans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateNumberOfLoans" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateNumberOfLoans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_MortgageLoansOnRealEstateNumberOfLoans" xlink:to="lab_srt_MortgageLoansOnRealEstateNumberOfLoans" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_8ec2f78c-31f3-4e6d-94fd-2bfd4ad48687_terseLabel_en-US" xlink:label="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Portion at Fair Value Measurement</link:label>
    <link:label id="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_label_en-US" xlink:label="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Portion at Fair Value Measurement [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:to="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingLiabilities_acb1eae5-062e-4763-b28b-4d2918bb922c_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued interest payable and accrued expenses and other liabilities</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingLiabilities_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (Decrease) in Operating Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingLiabilities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingLiabilities" xlink:to="lab_us-gaap_IncreaseDecreaseInOperatingLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FeeIncomeRiskSharingAgreement_2f9bf898-40cc-48a9-8ad5-b85e98f1ff9f_verboseLabel_en-US" xlink:label="lab_rwt_FeeIncomeRiskSharingAgreement" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other income related to risk sharing agreement</link:label>
    <link:label id="lab_rwt_FeeIncomeRiskSharingAgreement_75f83151-2896-4713-b233-522fb73cbecd_terseLabel_en-US" xlink:label="lab_rwt_FeeIncomeRiskSharingAgreement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Risk share income</link:label>
    <link:label id="lab_rwt_FeeIncomeRiskSharingAgreement_label_en-US" xlink:label="lab_rwt_FeeIncomeRiskSharingAgreement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fee Income, Risk Sharing Agreement</link:label>
    <link:label id="lab_rwt_FeeIncomeRiskSharingAgreement_documentation_en-US" xlink:label="lab_rwt_FeeIncomeRiskSharingAgreement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fee Income, Risk Sharing Agreement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FeeIncomeRiskSharingAgreement" xlink:href="rwt-20210331.xsd#rwt_FeeIncomeRiskSharingAgreement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FeeIncomeRiskSharingAgreement" xlink:to="lab_rwt_FeeIncomeRiskSharingAgreement" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock_fc90f2f9-ff57-4dc7-bb73-32352abc390e_terseLabel_en-US" xlink:label="lab_rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Banking Activities</link:label>
    <link:label id="lab_rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock_label_en-US" xlink:label="lab_rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income and Expense Attributable To Mortgage Banking Activities [Table Text Block]</link:label>
    <link:label id="lab_rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock_documentation_en-US" xlink:label="lab_rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">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.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock" xlink:to="lab_rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingLeaseCost_184bb383-9d85-4a0b-bef8-fac25dbf9d09_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating lease expense</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseCost_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Lease, Cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseCost" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseCost" xlink:to="lab_us-gaap_OperatingLeaseCost" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock_12d5b08b-8bcb-4b4f-b62b-2e7bf83e100e_terseLabel_en-US" xlink:label="lab_rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Asset-Backed Securities Issued</link:label>
    <link:label id="lab_rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock_label_en-US" xlink:label="lab_rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Asset Backed Securities [Table Text Block]</link:label>
    <link:label id="lab_rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock_documentation_en-US" xlink:label="lab_rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tabular disclosure of information pertaining to asset backed securities, including but not limited to identification of components, terms, features, and other information necessary to a fair presentation.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock" xlink:to="lab_rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_c156c04b-5763-4f51-b749-05148bf3ffb7_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Hedging Relationship [Axis]</link:label>
    <link:label id="lab_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_label_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Hedging Relationship [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:to="lab_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GeneralAndAdministrativeExpense_79a073f8-bf52-4d84-bceb-46a20aca33d8_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_GeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">General and administrative expenses</link:label>
    <link:label id="lab_us-gaap_GeneralAndAdministrativeExpense_a5412732-dd54-490d-9e00-ed56652fe2f6_totalLabel_en-US" xlink:label="lab_us-gaap_GeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total General and Administrative Expenses</link:label>
    <link:label id="lab_us-gaap_GeneralAndAdministrativeExpense_label_en-US" xlink:label="lab_us-gaap_GeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">General and Administrative Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GeneralAndAdministrativeExpense" xlink:to="lab_us-gaap_GeneralAndAdministrativeExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NotesReceivableNet_46450430-10c1-4f4c-b1a0-37efd2b5245a_terseLabel_en-US" xlink:label="lab_us-gaap_NotesReceivableNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair value of loans</link:label>
    <link:label id="lab_us-gaap_NotesReceivableNet_label_en-US" xlink:label="lab_us-gaap_NotesReceivableNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing Receivable, after Allowance for Credit Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesReceivableNet" xlink:to="lab_us-gaap_NotesReceivableNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_bd4a69dd-698f-4d6e-91fc-9125b6c343ae_terseLabel_en-US" xlink:label="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Securities excluded in the calculation of diluted earnings per share (in shares)</link:label>
    <link:label id="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_label_en-US" xlink:label="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:to="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MultifamilyLoansFairValueDisclosure_4c7a2ec2-fdd2-48a0-9d13-1e06629ff5d7_terseLabel_en-US" xlink:label="lab_rwt_MultifamilyLoansFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Multifamily loans</link:label>
    <link:label id="lab_rwt_MultifamilyLoansFairValueDisclosure_label_en-US" xlink:label="lab_rwt_MultifamilyLoansFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Multifamily Loans, Fair Value Disclosure</link:label>
    <link:label id="lab_rwt_MultifamilyLoansFairValueDisclosure_documentation_en-US" xlink:label="lab_rwt_MultifamilyLoansFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Multifamily Loans, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansFairValueDisclosure" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MultifamilyLoansFairValueDisclosure" xlink:to="lab_rwt_MultifamilyLoansFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ServicingAssetsAtFairValueCorporateAdvances_bb496a45-4f55-4e65-977a-48f2d83ee533_terseLabel_en-US" xlink:label="lab_rwt_ServicingAssetsAtFairValueCorporateAdvances" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Corporate advances</link:label>
    <link:label id="lab_rwt_ServicingAssetsAtFairValueCorporateAdvances_label_en-US" xlink:label="lab_rwt_ServicingAssetsAtFairValueCorporateAdvances" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Assets At Fair Value, Corporate Advances</link:label>
    <link:label id="lab_rwt_ServicingAssetsAtFairValueCorporateAdvances_documentation_en-US" xlink:label="lab_rwt_ServicingAssetsAtFairValueCorporateAdvances" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Assets At Fair Value, Corporate Advances</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetsAtFairValueCorporateAdvances" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetsAtFairValueCorporateAdvances"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ServicingAssetsAtFairValueCorporateAdvances" xlink:to="lab_rwt_ServicingAssetsAtFairValueCorporateAdvances" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_OfficeCosts_1df9425f-f1d1-4ef9-82d6-8bfefd62b0b2_terseLabel_en-US" xlink:label="lab_rwt_OfficeCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Office costs</link:label>
    <link:label id="lab_rwt_OfficeCosts_label_en-US" xlink:label="lab_rwt_OfficeCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Office Costs</link:label>
    <link:label id="lab_rwt_OfficeCosts_documentation_en-US" xlink:label="lab_rwt_OfficeCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Office Costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OfficeCosts" xlink:href="rwt-20210331.xsd#rwt_OfficeCosts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_OfficeCosts" xlink:to="lab_rwt_OfficeCosts" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetUsefulLife_722ec1c6-6d35-4a4b-9c4f-7b6178de4613_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Amortization Period (in years)</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetUsefulLife_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finite-Lived Intangible Asset, Useful Life</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetUsefulLife"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EquityComponentDomain_1ca88e32-b3a6-421c-9f33-b444512970bd_terseLabel_en-US" xlink:label="lab_us-gaap_EquityComponentDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity Component [Domain]</link:label>
    <link:label id="lab_us-gaap_EquityComponentDomain_label_en-US" xlink:label="lab_us-gaap_EquityComponentDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity Component [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquityComponentDomain" xlink:to="lab_us-gaap_EquityComponentDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_5263b9ab-c23d-4edb-b024-268bf91c1dc9_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fixed assets and leasehold improvements</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, Plant and Equipment, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentNet" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_db8e5adf-16cc-45f2-9b1a-f25a6554c383_terseLabel_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_label_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityTaxIdentificationNumber" xlink:to="lab_dei_EntityTaxIdentificationNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths_b5ed8d9f-8f65-42dc-a3d5-22970f3320bf_terseLabel_en-US" xlink:label="lab_rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of securities in a continuous unrealized loss position for twelve consecutive months or longer (in investments)</link:label>
    <link:label id="lab_rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths_label_en-US" xlink:label="lab_rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of Securities, Continuous Unrealized Loss Position More Than Twelve Months</link:label>
    <link:label id="lab_rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths_documentation_en-US" xlink:label="lab_rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of Securities, Continuous Unrealized Loss Position More Than Twelve Months</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths" xlink:href="rwt-20210331.xsd#rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths" xlink:to="lab_rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_8f80c024-0e29-47be-afed-e66b5bf25f14_terseLabel_en-US" xlink:label="lab_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity Compensation Plans</link:label>
    <link:label id="lab_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_label_en-US" xlink:label="lab_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment Arrangement [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:to="lab_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember_f845b35e-b53f-41cf-bf1f-9f52297d8017_terseLabel_en-US" xlink:label="lab_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-Recourse BPL Financing, Facility B</link:label>
    <link:label id="lab_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember_label_en-US" xlink:label="lab_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-Recourse Business Purpose Loan Financing Facility Two [Member]</link:label>
    <link:label id="lab_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember_documentation_en-US" xlink:label="lab_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-Recourse Business Purpose Loan Financing Facility Two</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember" xlink:href="rwt-20210331.xsd#rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember" xlink:to="lab_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestRateContractMember_4375df85-04a0-486e-bc8f-bc870c71ffd8_terseLabel_en-US" xlink:label="lab_us-gaap_InterestRateContractMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest rate contract</link:label>
    <link:label id="lab_us-gaap_InterestRateContractMember_label_en-US" xlink:label="lab_us-gaap_InterestRateContractMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Rate Contract [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateContractMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestRateContractMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestRateContractMember" xlink:to="lab_us-gaap_InterestRateContractMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NetIncomeLoss_c9ef1049-394e-4fd2-adaf-e0f2b4c77344_totalLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Income (Loss)</link:label>
    <link:label id="lab_us-gaap_NetIncomeLoss_69dc15ff-2498-46a4-9ab1-0cee7e14a6c8_terseLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Income (Loss)</link:label>
    <link:label id="lab_us-gaap_NetIncomeLoss_27a4e509-1d31-42f7-8f94-936debadf821_verboseLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net income (loss) attributable to Redwood</link:label>
    <link:label id="lab_us-gaap_NetIncomeLoss_label_en-US" xlink:label="lab_us-gaap_NetIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Income (Loss) Attributable to Parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetIncomeLoss" xlink:to="lab_us-gaap_NetIncomeLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_5785b574-f9ac-4008-930b-280d06676dab_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net change in:</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (Decrease) in Operating Capital [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_4b229430-0916-45b0-9fe3-7916a4ea18c2_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Variable Interest Entities [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Variable Interest Entities [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:to="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_DeferredStockUnitsMember_0d511439-c101-4ffa-ab69-f57821e83d41_terseLabel_en-US" xlink:label="lab_rwt_DeferredStockUnitsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred Stock Units</link:label>
    <link:label id="lab_rwt_DeferredStockUnitsMember_label_en-US" xlink:label="lab_rwt_DeferredStockUnitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred Stock Units [Member]</link:label>
    <link:label id="lab_rwt_DeferredStockUnitsMember_documentation_en-US" xlink:label="lab_rwt_DeferredStockUnitsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred Stock Units [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DeferredStockUnitsMember" xlink:href="rwt-20210331.xsd#rwt_DeferredStockUnitsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_DeferredStockUnitsMember" xlink:to="lab_rwt_DeferredStockUnitsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LondonInterbankOfferedRateLIBORMember_2df9a52a-470f-4bd7-9eaf-4d46d1f8a76c_terseLabel_en-US" xlink:label="lab_us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">LIBOR</link:label>
    <link:label id="lab_us-gaap_LondonInterbankOfferedRateLIBORMember_label_en-US" xlink:label="lab_us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">London Interbank Offered Rate (LIBOR) [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LondonInterbankOfferedRateLIBORMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:to="lab_us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_TradeNamesMember_5207a303-db41-4bb4-8613-d9c555047971_terseLabel_en-US" xlink:label="lab_us-gaap_TradeNamesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trade Names [Member]</link:label>
    <link:label id="lab_us-gaap_TradeNamesMember_label_en-US" xlink:label="lab_us-gaap_TradeNamesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trade Names [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradeNamesMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradeNamesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TradeNamesMember" xlink:to="lab_us-gaap_TradeNamesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_HomeAppreciationOptionsMeasurementInput_88a3c8bf-343f-493c-b43f-9267e178eda1_terseLabel_en-US" xlink:label="lab_rwt_HomeAppreciationOptionsMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Shared home appreciation options</link:label>
    <link:label id="lab_rwt_HomeAppreciationOptionsMeasurementInput_label_en-US" xlink:label="lab_rwt_HomeAppreciationOptionsMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Home Appreciation Options, Measurement Input</link:label>
    <link:label id="lab_rwt_HomeAppreciationOptionsMeasurementInput_documentation_en-US" xlink:label="lab_rwt_HomeAppreciationOptionsMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Home Appreciation Options, Measurement Input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionsMeasurementInput" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionsMeasurementInput"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_HomeAppreciationOptionsMeasurementInput" xlink:to="lab_rwt_HomeAppreciationOptionsMeasurementInput" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AssetsNet_cb954afe-c37d-4cbb-ac4d-aa20333ecddd_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Estimated fair value of investments</link:label>
    <link:label id="lab_us-gaap_AssetsNet_label_en-US" xlink:label="lab_us-gaap_AssetsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsNet" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsNet" xlink:to="lab_us-gaap_AssetsNet" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring_003156a9-3f22-4f4e-843f-59fc98f1fcc6_negatedLabel_en-US" xlink:label="lab_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity compensation expense</link:label>
    <link:label id="lab_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring_label_en-US" xlink:label="lab_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Allocated Share-based Compensation Expense, Including Restructuring</link:label>
    <link:label id="lab_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring_documentation_en-US" xlink:label="lab_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Allocated Share-based Compensation Expense, Including Restructuring</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring" xlink:href="rwt-20210331.xsd#rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring" xlink:to="lab_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RestrictedCashCollateralForBorrowedSecurities_dab081f1-c32d-4755-99cb-5204588f4f6a_terseLabel_en-US" xlink:label="lab_rwt_RestrictedCashCollateralForBorrowedSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted cash</link:label>
    <link:label id="lab_rwt_RestrictedCashCollateralForBorrowedSecurities_label_en-US" xlink:label="lab_rwt_RestrictedCashCollateralForBorrowedSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted Cash Collateral For Borrowed Securities</link:label>
    <link:label id="lab_rwt_RestrictedCashCollateralForBorrowedSecurities_documentation_en-US" xlink:label="lab_rwt_RestrictedCashCollateralForBorrowedSecurities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted Cash Collateral For Borrowed Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RestrictedCashCollateralForBorrowedSecurities" xlink:href="rwt-20210331.xsd#rwt_RestrictedCashCollateralForBorrowedSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RestrictedCashCollateralForBorrowedSecurities" xlink:to="lab_rwt_RestrictedCashCollateralForBorrowedSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CurrentFiscalYearEndDate_6e8dd68f-3c7e-4e17-8b61-95048ab15426_terseLabel_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:label id="lab_dei_CurrentFiscalYearEndDate_label_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CurrentFiscalYearEndDate" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_CurrentFiscalYearEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CurrentFiscalYearEndDate" xlink:to="lab_dei_CurrentFiscalYearEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed_208a2544-7ab9-4808-aa22-1a6dd149129e_terseLabel_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">10% adverse change</link:label>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed_label_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 10 Percent Adverse Change in Prepayment Speed</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed" xlink:to="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SeniorNotesDue2023Member_37e7577e-7962-48f0-8160-9057613edcc5_terseLabel_en-US" xlink:label="lab_rwt_SeniorNotesDue2023Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">4.75% convertible senior notes</link:label>
    <link:label id="lab_rwt_SeniorNotesDue2023Member_label_en-US" xlink:label="lab_rwt_SeniorNotesDue2023Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior Notes Due 2023 [Member]</link:label>
    <link:label id="lab_rwt_SeniorNotesDue2023Member_documentation_en-US" xlink:label="lab_rwt_SeniorNotesDue2023Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior Notes Due 2023 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorNotesDue2023Member" xlink:href="rwt-20210331.xsd#rwt_SeniorNotesDue2023Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SeniorNotesDue2023Member" xlink:to="lab_rwt_SeniorNotesDue2023Member" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock_c6b9af41-95df-4c28-bb4b-e4cbcd4ab14b_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assumptions Related to Assets Retained from Unconsolidated Variable Interest Entity's Sponsored by Redwood</link:label>
    <link:label id="lab_us-gaap_ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock" xlink:to="lab_us-gaap_ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_WarehouseAgreementBorrowingsMember_1ba90b63-5414-4d05-b30a-b18f37412d43_terseLabel_en-US" xlink:label="lab_us-gaap_WarehouseAgreementBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan warehouse debt</link:label>
    <link:label id="lab_us-gaap_WarehouseAgreementBorrowingsMember_label_en-US" xlink:label="lab_us-gaap_WarehouseAgreementBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Warehouse Agreement Borrowings [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WarehouseAgreementBorrowingsMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WarehouseAgreementBorrowingsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WarehouseAgreementBorrowingsMember" xlink:to="lab_us-gaap_WarehouseAgreementBorrowingsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_41ee081e-4056-4862-a8f9-d95c360a90ea_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) [Line Items]</link:label>
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_label_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:to="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DevelopedTechnologyRightsMember_d71a006a-eaa3-4deb-9870-32b3dda091ba_terseLabel_en-US" xlink:label="lab_us-gaap_DevelopedTechnologyRightsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Developed Technology Rights [Member]</link:label>
    <link:label id="lab_us-gaap_DevelopedTechnologyRightsMember_label_en-US" xlink:label="lab_us-gaap_DevelopedTechnologyRightsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Developed Technology Rights [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DevelopedTechnologyRightsMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DevelopedTechnologyRightsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DevelopedTechnologyRightsMember" xlink:to="lab_us-gaap_DevelopedTechnologyRightsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LoansReceivableFairValueDisclosure_fa980554-1283-4e77-b1e5-4d16af04265a_verboseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans receivable, fair value</link:label>
    <link:label id="lab_us-gaap_LoansReceivableFairValueDisclosure_label_en-US" xlink:label="lab_us-gaap_LoansReceivableFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans Receivable, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansReceivableFairValueDisclosure" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableFairValueDisclosure" xlink:to="lab_us-gaap_LoansReceivableFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_d9c640d2-49a5-4b16-9a97-1983e55ec790_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liabilities</link:label>
    <link:label id="lab_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_label_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract" xlink:to="lab_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherNonrecurringIncomeExpense_fe4606c5-5c2f-4138-9aee-1a8c10924afd_terseLabel_en-US" xlink:label="lab_us-gaap_OtherNonrecurringIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other expenses</link:label>
    <link:label id="lab_us-gaap_OtherNonrecurringIncomeExpense_label_en-US" xlink:label="lab_us-gaap_OtherNonrecurringIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Nonrecurring (Income) Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonrecurringIncomeExpense" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherNonrecurringIncomeExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherNonrecurringIncomeExpense" xlink:to="lab_us-gaap_OtherNonrecurringIncomeExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember_960dc504-1482-41e5-aab0-9cf8c99f73e3_terseLabel_en-US" xlink:label="lab_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business purpose loans, held-for-investment, at fair value</link:label>
    <link:label id="lab_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember_a87d2f86-66d9-4006-8a39-7a2cb2709c43_verboseLabel_en-US" xlink:label="lab_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business purpose loans, held-for-investment</link:label>
    <link:label id="lab_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember_label_en-US" xlink:label="lab_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Residential Loans, Held-for-Investment [Member]</link:label>
    <link:label id="lab_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember_documentation_en-US" xlink:label="lab_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Purpose Residential Loans, Held-for-Investment [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember" xlink:to="lab_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NumberOfRealEstateProperties_e676dcc2-5bc8-4477-8102-dc63eb0dd8ed_terseLabel_en-US" xlink:label="lab_us-gaap_NumberOfRealEstateProperties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of REO properties recorded on balance sheet</link:label>
    <link:label id="lab_us-gaap_NumberOfRealEstateProperties_label_en-US" xlink:label="lab_us-gaap_NumberOfRealEstateProperties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of Real Estate Properties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfRealEstateProperties" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NumberOfRealEstateProperties"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NumberOfRealEstateProperties" xlink:to="lab_us-gaap_NumberOfRealEstateProperties" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MortgageLoanOnRealEstateRepurchaseReserve_67a2a4f1-8baf-45c1-a5b7-3948e3cbc442_verboseLabel_en-US" xlink:label="lab_rwt_MortgageLoanOnRealEstateRepurchaseReserve" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential loan and MSR repurchase reserve</link:label>
    <link:label id="lab_rwt_MortgageLoanOnRealEstateRepurchaseReserve_157fa96c-023f-4b91-8649-d848d38185ee_terseLabel_en-US" xlink:label="lab_rwt_MortgageLoanOnRealEstateRepurchaseReserve" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential repurchase reserve</link:label>
    <link:label id="lab_rwt_MortgageLoanOnRealEstateRepurchaseReserve_label_en-US" xlink:label="lab_rwt_MortgageLoanOnRealEstateRepurchaseReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Loan On Real Estate, Repurchase Reserve</link:label>
    <link:label id="lab_rwt_MortgageLoanOnRealEstateRepurchaseReserve_documentation_en-US" xlink:label="lab_rwt_MortgageLoanOnRealEstateRepurchaseReserve" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Loan On Real Estate, Repurchase Reserve</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageLoanOnRealEstateRepurchaseReserve" xlink:href="rwt-20210331.xsd#rwt_MortgageLoanOnRealEstateRepurchaseReserve"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MortgageLoanOnRealEstateRepurchaseReserve" xlink:to="lab_rwt_MortgageLoanOnRealEstateRepurchaseReserve" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_NumberOfSeries_e4023b5a-cbd2-4943-ace7-41fc03376464_terseLabel_en-US" xlink:label="lab_rwt_NumberOfSeries" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of series</link:label>
    <link:label id="lab_rwt_NumberOfSeries_label_en-US" xlink:label="lab_rwt_NumberOfSeries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of Series</link:label>
    <link:label id="lab_rwt_NumberOfSeries_documentation_en-US" xlink:label="lab_rwt_NumberOfSeries" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of Series</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfSeries" xlink:href="rwt-20210331.xsd#rwt_NumberOfSeries"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_NumberOfSeries" xlink:to="lab_rwt_NumberOfSeries" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SupplementalCashFlowInformationAbstract_db3c5a87-ff54-48ed-8ff3-b3d2d7d6440e_terseLabel_en-US" xlink:label="lab_us-gaap_SupplementalCashFlowInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Supplemental Cash Flow Information:</link:label>
    <link:label id="lab_us-gaap_SupplementalCashFlowInformationAbstract_label_en-US" xlink:label="lab_us-gaap_SupplementalCashFlowInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Supplemental Cash Flow Information [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract" xlink:to="lab_us-gaap_SupplementalCashFlowInformationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RealEstateSecuritiesRepoMember_8bf32eab-0403-4efc-9812-de19bab6d0da_terseLabel_en-US" xlink:label="lab_rwt_RealEstateSecuritiesRepoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real estate securities repo</link:label>
    <link:label id="lab_rwt_RealEstateSecuritiesRepoMember_label_en-US" xlink:label="lab_rwt_RealEstateSecuritiesRepoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Securities Repo [Member]</link:label>
    <link:label id="lab_rwt_RealEstateSecuritiesRepoMember_documentation_en-US" xlink:label="lab_rwt_RealEstateSecuritiesRepoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Securities Repo [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesRepoMember" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesRepoMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RealEstateSecuritiesRepoMember" xlink:to="lab_rwt_RealEstateSecuritiesRepoMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessAcquisitionAcquireeDomain_c8a8e4ea-757d-4495-b1c8-e4fe4712504b_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionAcquireeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Acquisition, Acquiree [Domain]</link:label>
    <link:label id="lab_us-gaap_BusinessAcquisitionAcquireeDomain_label_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionAcquireeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Acquisition, Acquiree [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="lab_us-gaap_BusinessAcquisitionAcquireeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SharedHomeAppreciationOptionsMember_48c2c3f0-141e-4bb4-a7f3-22eeca3ee2c8_terseLabel_en-US" xlink:label="lab_rwt_SharedHomeAppreciationOptionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Shared Home Appreciation Options</link:label>
    <link:label id="lab_rwt_SharedHomeAppreciationOptionsMember_label_en-US" xlink:label="lab_rwt_SharedHomeAppreciationOptionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Shared Home Appreciation Options [Member]</link:label>
    <link:label id="lab_rwt_SharedHomeAppreciationOptionsMember_documentation_en-US" xlink:label="lab_rwt_SharedHomeAppreciationOptionsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Shared Home Appreciation Options</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SharedHomeAppreciationOptionsMember" xlink:href="rwt-20210331.xsd#rwt_SharedHomeAppreciationOptionsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SharedHomeAppreciationOptionsMember" xlink:to="lab_rwt_SharedHomeAppreciationOptionsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ShareRepurchaseProgramFebruary2018Member_2f014221-a95e-4951-baa7-5a028161e18b_terseLabel_en-US" xlink:label="lab_rwt_ShareRepurchaseProgramFebruary2018Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share Repurchase Plan, February 2018</link:label>
    <link:label id="lab_rwt_ShareRepurchaseProgramFebruary2018Member_label_en-US" xlink:label="lab_rwt_ShareRepurchaseProgramFebruary2018Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share Repurchase Program, February 2018 [Member]</link:label>
    <link:label id="lab_rwt_ShareRepurchaseProgramFebruary2018Member_documentation_en-US" xlink:label="lab_rwt_ShareRepurchaseProgramFebruary2018Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share Repurchase Program, February 2018 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ShareRepurchaseProgramFebruary2018Member" xlink:href="rwt-20210331.xsd#rwt_ShareRepurchaseProgramFebruary2018Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ShareRepurchaseProgramFebruary2018Member" xlink:to="lab_rwt_ShareRepurchaseProgramFebruary2018Member" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ConvertibleDebtMember_3ff80523-e4f3-4226-903c-2ef35c6b0f4b_terseLabel_en-US" xlink:label="lab_us-gaap_ConvertibleDebtMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Convertible notes</link:label>
    <link:label id="lab_us-gaap_ConvertibleDebtMember_label_en-US" xlink:label="lab_us-gaap_ConvertibleDebtMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Convertible Debt [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConvertibleDebtMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConvertibleDebtMember" xlink:to="lab_us-gaap_ConvertibleDebtMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent_c82fc52d-eecf-4cd7-9f32-ac5d5e88b05a_terseLabel_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Discount rate assumption</link:label>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent_label_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of Other than 10 or 20 Percent Adverse Change in Discount Rate, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent" xlink:to="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherCommitmentsDomain_ff641c9d-a0cb-44f6-8265-9cd6cc415dbe_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Commitments [Domain]</link:label>
    <link:label id="lab_us-gaap_OtherCommitmentsDomain_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Commitments [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitmentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitmentsDomain" xlink:to="lab_us-gaap_OtherCommitmentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue_ce4a3cf1-2257-4e6d-b8c3-a24925a1726c_totalLabel_en-US" xlink:label="lab_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total real estate securities owned</link:label>
    <link:label id="lab_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue_label_en-US" xlink:label="lab_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue" xlink:to="lab_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_9003c8c6-15a0-4ebd-9d01-db78e7ed47d6_terseLabel_en-US" xlink:label="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification out of Accumulated Other Comprehensive Income [Table]</link:label>
    <link:label id="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_label_en-US" xlink:label="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification out of Accumulated Other Comprehensive Income [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable" xlink:to="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodSharesNewIssues_348f584a-e854-4d2f-a065-0f4954bd4936_verboseLabel_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issuance of common stock (in shares)</link:label>
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodSharesNewIssues_label_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Issued During Period, Shares, New Issues</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:to="lab_us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated_bbf0f5e5-08a9-4f41-9d8b-1ddb44e36484_terseLabel_en-US" xlink:label="lab_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of VIEs</link:label>
    <link:label id="lab_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated_label_en-US" xlink:label="lab_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of Variable Interest Entities, Acquired and Consolidated</link:label>
    <link:label id="lab_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated_documentation_en-US" xlink:label="lab_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of Variable Interest Entities, Acquired and Consolidated</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated" xlink:href="rwt-20210331.xsd#rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated" xlink:to="lab_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OptionIndexedToIssuersEquityEquityAxis_757d741b-61c6-4ffb-a99d-5ba98c45648c_terseLabel_en-US" xlink:label="lab_us-gaap_OptionIndexedToIssuersEquityEquityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Option Indexed to Issuer's Equity [Axis]</link:label>
    <link:label id="lab_us-gaap_OptionIndexedToIssuersEquityEquityAxis_label_en-US" xlink:label="lab_us-gaap_OptionIndexedToIssuersEquityEquityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Option Indexed to Issuer's Equity [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OptionIndexedToIssuersEquityEquityAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OptionIndexedToIssuersEquityEquityAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OptionIndexedToIssuersEquityEquityAxis" xlink:to="lab_us-gaap_OptionIndexedToIssuersEquityEquityAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_f6886365-2f1b-42d5-95c3-7380081da175_negatedLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Less Than 12 Consecutive Months, Unrealized Losses</link:label>
    <link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_LoanHeldForInvestmentAmount_126ae951-5a05-4ae6-943f-87eb4b601d8c_terseLabel_en-US" xlink:label="lab_rwt_LoanHeldForInvestmentAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Shared home appreciation options</link:label>
    <link:label id="lab_rwt_LoanHeldForInvestmentAmount_6cb6962c-6b13-439c-a5a4-5889acab4020_verboseLabel_en-US" xlink:label="lab_rwt_LoanHeldForInvestmentAmount" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans held for investment</link:label>
    <link:label id="lab_rwt_LoanHeldForInvestmentAmount_label_en-US" xlink:label="lab_rwt_LoanHeldForInvestmentAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan Held-For-Investment, Amount</link:label>
    <link:label id="lab_rwt_LoanHeldForInvestmentAmount_documentation_en-US" xlink:label="lab_rwt_LoanHeldForInvestmentAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loan Held-for-investment, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanHeldForInvestmentAmount" xlink:href="rwt-20210331.xsd#rwt_LoanHeldForInvestmentAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_LoanHeldForInvestmentAmount" xlink:to="lab_rwt_LoanHeldForInvestmentAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_324f0bb9-32de-4ae4-9e6d-6ddd8bd36f9e_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated depreciation</link:label>
    <link:label id="lab_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_label_en-US" xlink:label="lab_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:to="lab_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RecourseBusinessPurposeLoanFinancingFacilityMember_e24c8756-8840-4419-a673-c43017878844_terseLabel_en-US" xlink:label="lab_rwt_RecourseBusinessPurposeLoanFinancingFacilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recourse BPL Financing, Facility B</link:label>
    <link:label id="lab_rwt_RecourseBusinessPurposeLoanFinancingFacilityMember_label_en-US" xlink:label="lab_rwt_RecourseBusinessPurposeLoanFinancingFacilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recourse Business Purpose Loan Financing Facility [Member]</link:label>
    <link:label id="lab_rwt_RecourseBusinessPurposeLoanFinancingFacilityMember_documentation_en-US" xlink:label="lab_rwt_RecourseBusinessPurposeLoanFinancingFacilityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recourse Business Purpose Loan Financing Facility</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RecourseBusinessPurposeLoanFinancingFacilityMember" xlink:href="rwt-20210331.xsd#rwt_RecourseBusinessPurposeLoanFinancingFacilityMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RecourseBusinessPurposeLoanFinancingFacilityMember" xlink:to="lab_rwt_RecourseBusinessPurposeLoanFinancingFacilityMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_HedgingRelationshipDomain_dff3fa2b-f41c-4dd6-b092-66c453db9abd_terseLabel_en-US" xlink:label="lab_us-gaap_HedgingRelationshipDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Hedging Relationship [Domain]</link:label>
    <link:label id="lab_us-gaap_HedgingRelationshipDomain_label_en-US" xlink:label="lab_us-gaap_HedgingRelationshipDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Hedging Relationship [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingRelationshipDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_HedgingRelationshipDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HedgingRelationshipDomain" xlink:to="lab_us-gaap_HedgingRelationshipDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss_3c916b8c-842d-473c-b8c1-b5bb175dd721_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unrealized losses in OCI, net</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_94382d4e-6125-4300-8780-cbef34be3a10_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Future Lease Commitments by Year</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lessee, Operating Lease, Liability, Maturity [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances_7eeaabd0-6f84-4f18-a2bb-b846fb2c87c3_negatedLabel_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Funding of compensating interest, net</link:label>
    <link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances_label_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Flows Between Transferor and Transferee, Servicing Fee Advances</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances" xlink:to="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_b31af8c3-41a8-4604-9743-57683d87667a_terseLabel_en-US" xlink:label="lab_us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Basis of Presentation</link:label>
    <link:label id="lab_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_label_en-US" xlink:label="lab_us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Basis of Accounting, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:to="lab_us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_aa5b12fd-8a1a-4b16-9f93-469ae14829d9_verboseLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Basic weighted average shares outstanding (in shares)</link:label>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_6b6cd76d-cceb-4e1d-a81f-58eaadef90e9_terseLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Basic weighted average common shares outstanding (in shares)</link:label>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_label_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Basic</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:to="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_61457d56-7e36-446b-b35d-69eb7b7b96db_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Basis spread on variable rate</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Instrument, Basis Spread on Variable Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:to="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans_52a9ec8d-c848-43f3-b1c4-5378d445d5fe_terseLabel_en-US" xlink:label="lab_rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing asset, unpaid principal balance on underlying loan</link:label>
    <link:label id="lab_rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans_label_en-US" xlink:label="lab_rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Asset At Fair Value, Unpaid Principal Balance On Underlying Loans</link:label>
    <link:label id="lab_rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans_documentation_en-US" xlink:label="lab_rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Servicing Asset At Fair Value, Unpaid Principal Balance On Underlying Loans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans" xlink:to="lab_rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashFlowHedgingMember_563f3e66-29a2-48ae-86d9-5a3ecc76b9e8_terseLabel_en-US" xlink:label="lab_us-gaap_CashFlowHedgingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Flow Hedging</link:label>
    <link:label id="lab_us-gaap_CashFlowHedgingMember_label_en-US" xlink:label="lab_us-gaap_CashFlowHedgingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Flow Hedging [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowHedgingMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowHedgingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashFlowHedgingMember" xlink:to="lab_us-gaap_CashFlowHedgingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LossContingenciesTable_41d67bad-8ad7-4903-a826-55f159955ab2_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingenciesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loss Contingencies [Table]</link:label>
    <link:label id="lab_us-gaap_LossContingenciesTable_label_en-US" xlink:label="lab_us-gaap_LossContingenciesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loss Contingencies [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingenciesTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LossContingenciesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingenciesTable" xlink:to="lab_us-gaap_LossContingenciesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_6c3e56bc-820a-4fbe-9dde-5753264628c5_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Purchases of held-for-sale loans</link:label>
    <link:label id="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_c1ea22e2-3a5e-489e-9b33-37fbe913cf83_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Purchases of held-for-sale loans</link:label>
    <link:label id="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_label_en-US" xlink:label="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments to Purchase Loans Held-for-sale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToPurchaseLoansHeldForSale" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToPurchaseLoansHeldForSale"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToPurchaseLoansHeldForSale" xlink:to="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember_7043fdaa-3517-4d71-995f-be78e20a72a5_terseLabel_en-US" xlink:label="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Carrying Value</link:label>
    <link:label id="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember_label_en-US" xlink:label="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reported Value Measurement [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:to="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PlanNameDomain_d6566579-ad62-4c29-9160-57168ebdb09a_terseLabel_en-US" xlink:label="lab_us-gaap_PlanNameDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Plan Name [Domain]</link:label>
    <link:label id="lab_us-gaap_PlanNameDomain_label_en-US" xlink:label="lab_us-gaap_PlanNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Plan Name [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PlanNameDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PlanNameDomain" xlink:to="lab_us-gaap_PlanNameDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DividendsPayableCurrentAndNoncurrent_321764cf-1609-4a97-80a2-2fc403618060_terseLabel_en-US" xlink:label="lab_us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued but unpaid dividends</link:label>
    <link:label id="lab_us-gaap_DividendsPayableCurrentAndNoncurrent_label_en-US" xlink:label="lab_us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dividends Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DividendsPayableCurrentAndNoncurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:to="lab_us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PrincipalInvestmentGainsLosses_447d5881-08eb-4a45-8d97-7af5b6037411_terseLabel_en-US" xlink:label="lab_us-gaap_PrincipalInvestmentGainsLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unrealized gain (loss) resulting from market valuation adjustments on REO</link:label>
    <link:label id="lab_us-gaap_PrincipalInvestmentGainsLosses_label_en-US" xlink:label="lab_us-gaap_PrincipalInvestmentGainsLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal Investment Gain (Loss)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrincipalInvestmentGainsLosses" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrincipalInvestmentGainsLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PrincipalInvestmentGainsLosses" xlink:to="lab_us-gaap_PrincipalInvestmentGainsLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput_f9c1b08a-3d07-4048-8e21-78429de8cdea_terseLabel_en-US" xlink:label="lab_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading and AFS securities</link:label>
    <link:label id="lab_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput_label_en-US" xlink:label="lab_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Trading And Available-for-sale, Measurement Input</link:label>
    <link:label id="lab_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput_documentation_en-US" xlink:label="lab_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt Securities, Trading And Available-for-sale, Measurement Input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" xlink:to="lab_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts_a360a9aa-e4e6-4cf0-a70e-bfba4d5d24bb_terseLabel_en-US" xlink:label="lab_rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consolidation of multifamily loans held in securitization trusts</link:label>
    <link:label id="lab_rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts_label_en-US" xlink:label="lab_rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consolidation (Deconsolidation) Of Multifamily Loans Held In Securitizations Trusts</link:label>
    <link:label id="lab_rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts_documentation_en-US" xlink:label="lab_rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consolidation (Deconsolidation) Of Multifamily Loans Held In Securitizations Trusts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts" xlink:href="rwt-20210331.xsd#rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts" xlink:to="lab_rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_d65fcaf6-7c61-4aef-843d-1f5b0946f8c5_terseLabel_en-US" xlink:label="lab_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Right-of-use asset obtained in exchange for operating lease liability</link:label>
    <link:label id="lab_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_label_en-US" xlink:label="lab_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Right-of-Use Asset Obtained in Exchange for Operating Lease Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:to="lab_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance_2a8a1904-7d56-4b34-a881-a37d8b79ab6b_terseLabel_en-US" xlink:label="lab_rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Original unpaid balance of loans subject to risk sharing agreements</link:label>
    <link:label id="lab_rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance_label_en-US" xlink:label="lab_rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement, Original Principal Balance</link:label>
    <link:label id="lab_rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance_documentation_en-US" xlink:label="lab_rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement, Original Principal Balance</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance" xlink:href="rwt-20210331.xsd#rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance" xlink:to="lab_rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeTaxExpenseBenefit_6d89a6d4-1e70-4bae-b1fa-b34717334b7c_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">(Provision for) benefit from income taxes</link:label>
    <link:label id="lab_us-gaap_IncomeTaxExpenseBenefit_14957446-44a6-4aaa-8904-e4176a23ba0a_verboseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Provision from (benefit for) income taxes</link:label>
    <link:label id="lab_us-gaap_IncomeTaxExpenseBenefit_081367dc-7692-4203-8dfe-7ec2b04425bf_negatedLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Provision for income taxes</link:label>
    <link:label id="lab_us-gaap_IncomeTaxExpenseBenefit_label_en-US" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income Tax Expense (Benefit)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit" xlink:to="lab_us-gaap_IncomeTaxExpenseBenefit" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted_908f9a11-7e87-4503-b68a-6933dce44cda_negatedLabel_en-US" xlink:label="lab_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Less: Dividends and undistributed earnings allocated to participating securities</link:label>
    <link:label id="lab_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted_label_en-US" xlink:label="lab_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Participating Securities, Distributed and Undistributed Earnings (Loss), Diluted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted" xlink:to="lab_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ResidentialRealEstateMember_8bf84a45-53d4-4d41-a44a-c4a0f02891f2_terseLabel_en-US" xlink:label="lab_us-gaap_ResidentialRealEstateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Real Estate</link:label>
    <link:label id="lab_us-gaap_ResidentialRealEstateMember_label_en-US" xlink:label="lab_us-gaap_ResidentialRealEstateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Real Estate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialRealEstateMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialRealEstateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ResidentialRealEstateMember" xlink:to="lab_us-gaap_ResidentialRealEstateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_66119d94-cf31-43c1-b921-c86f0e33acea_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment Income [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment Income [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable" xlink:to="lab_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_dc0744c5-149b-4bef-8ab3-6ecd847266b1_periodStartLabel_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash, cash equivalents and restricted cash at beginning of period</link:label>
    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_76350e38-da51-484f-825a-af3c451949b1_periodEndLabel_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash, cash equivalents, and restricted cash at end of period</link:label>
    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_label_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsToAcquireMarketableSecurities_eeefe65a-7b5c-4a33-93d2-b16d6a6720c8_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireMarketableSecurities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Purchases of real estate securities</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireMarketableSecurities_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireMarketableSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments to Acquire Marketable Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireMarketableSecurities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireMarketableSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireMarketableSecurities" xlink:to="lab_us-gaap_PaymentsToAcquireMarketableSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_RealEstateSecuritiesMember_6be9e27c-a82d-47e2-9951-4969368f4ef4_terseLabel_en-US" xlink:label="lab_rwt_RealEstateSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real estate securities</link:label>
    <link:label id="lab_rwt_RealEstateSecuritiesMember_label_en-US" xlink:label="lab_rwt_RealEstateSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Securities [Member]</link:label>
    <link:label id="lab_rwt_RealEstateSecuritiesMember_documentation_en-US" xlink:label="lab_rwt_RealEstateSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Real Estate Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesMember" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_RealEstateSecuritiesMember" xlink:to="lab_rwt_RealEstateSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LocalPhoneNumber_1eb09480-88dd-4eed-8be8-4817a536ca2d_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Local Phone Number</link:label>
    <link:label id="lab_dei_LocalPhoneNumber_label_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Local Phone Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LocalPhoneNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber" xlink:to="lab_dei_LocalPhoneNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_44b09fa9-3aa4-4e0b-85e4-39499256e9f3_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Instruments and Hedging Activities Disclosure [Abstract]</link:label>
    <link:label id="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_label_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Instruments and Hedging Activities Disclosure [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:to="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock_e8c24b2e-d121-4168-a4e4-9842b092684c_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finite-lived Intangible Assets Amortization Expense</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finite-lived Intangible Assets Amortization Expense [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_InvestmentSecuritiesMember_05fd9e4f-7ead-4fc8-8963-bf23a979362a_terseLabel_en-US" xlink:label="lab_rwt_InvestmentSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading and AFS securities</link:label>
    <link:label id="lab_rwt_InvestmentSecuritiesMember_label_en-US" xlink:label="lab_rwt_InvestmentSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment Securities [Member]</link:label>
    <link:label id="lab_rwt_InvestmentSecuritiesMember_documentation_en-US" xlink:label="lab_rwt_InvestmentSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InvestmentSecuritiesMember" xlink:href="rwt-20210331.xsd#rwt_InvestmentSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_InvestmentSecuritiesMember" xlink:to="lab_rwt_InvestmentSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_FixedCompensationExpense_e5e52567-6a10-41d3-9ee4-ea98a5b0d377_terseLabel_en-US" xlink:label="lab_rwt_FixedCompensationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fixed compensation expense</link:label>
    <link:label id="lab_rwt_FixedCompensationExpense_label_en-US" xlink:label="lab_rwt_FixedCompensationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fixed Compensation Expense</link:label>
    <link:label id="lab_rwt_FixedCompensationExpense_documentation_en-US" xlink:label="lab_rwt_FixedCompensationExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fixed Compensation Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FixedCompensationExpense" xlink:href="rwt-20210331.xsd#rwt_FixedCompensationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_FixedCompensationExpense" xlink:to="lab_rwt_FixedCompensationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeLineItems_d08a6884-bfc2-4026-9459-10feb4bcba17_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative [Line Items]</link:label>
    <link:label id="lab_us-gaap_DerivativeLineItems_label_en-US" xlink:label="lab_us-gaap_DerivativeLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLineItems" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLineItems" xlink:to="lab_us-gaap_DerivativeLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod_46998678-d3db-46fe-8067-33c4679b44b3_terseLabel_en-US" xlink:label="lab_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal balance of loans 30+ days delinquent</link:label>
    <link:label id="lab_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod_label_en-US" xlink:label="lab_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together, Delinquent Amount at End of Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod" xlink:to="lab_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_97ebf62f-cc7a-4fdd-aa52-d876dd49d296_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</link:label>
    <link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_label_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward" xlink:to="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentCarryingAmount_fa9e4484-5740-45ce-aba8-18f2141ae2ac_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentCarryingAmount" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Certificates</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentCarryingAmount_a2f66a9f-96b6-4356-9ae9-acbe68922f12_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentCarryingAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentCarryingAmount_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentCarryingAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term Debt, Gross</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount" xlink:to="lab_us-gaap_DebtInstrumentCarryingAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_9f514670-3270-4149-9365-6896e3762c4b_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued interest receivable and other assets</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (Decrease) in Other Operating Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:to="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_3cb6b833-6c84-4814-9644-3c7d9757fd8e_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Finite-Lived Intangible Assets [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Finite-Lived Intangible Assets [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:to="lab_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses_05af463c-6961-4d41-9f5a-8ad622f34df3_terseLabel_en-US" xlink:label="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Credit loss assumptions</link:label>
    <link:label id="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses_label_en-US" xlink:label="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities, Expected Credit Losses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses" xlink:to="lab_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SeniorNotesDue2024Member_2862c7b5-a692-4f83-bf64-e0e9ff88a78a_terseLabel_en-US" xlink:label="lab_rwt_SeniorNotesDue2024Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">5.625% convertible senior notes</link:label>
    <link:label id="lab_rwt_SeniorNotesDue2024Member_label_en-US" xlink:label="lab_rwt_SeniorNotesDue2024Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior Notes Due 2024 [Member]</link:label>
    <link:label id="lab_rwt_SeniorNotesDue2024Member_documentation_en-US" xlink:label="lab_rwt_SeniorNotesDue2024Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior Notes Due 2024 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorNotesDue2024Member" xlink:href="rwt-20210331.xsd#rwt_SeniorNotesDue2024Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SeniorNotesDue2024Member" xlink:to="lab_rwt_SeniorNotesDue2024Member" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_d7357eb2-30a2-48fb-abdb-e0ea433538f4_verboseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Limit</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_3310a82f-9049-4a99-955f-b2509e538f94_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Limit</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Line of Credit Facility, Maximum Borrowing Capacity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AwardTypeAxis_cec1ee2b-cd8d-4187-83d8-5d9939d1d163_terseLabel_en-US" xlink:label="lab_us-gaap_AwardTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Award Type [Axis]</link:label>
    <link:label id="lab_us-gaap_AwardTypeAxis_label_en-US" xlink:label="lab_us-gaap_AwardTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Award Type [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AwardTypeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AwardTypeAxis" xlink:to="lab_us-gaap_AwardTypeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_f1be2f3c-3ab7-49e9-b47d-1ac39b75c2f7_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Class of Financing Receivable [Axis]</link:label>
    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Class of Financing Receivable [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis" xlink:to="lab_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RepaymentsOfSecuredDebt_f875149d-cdb9-44a7-9cf2-70aa7760c1b1_negatedLabel_en-US" xlink:label="lab_us-gaap_RepaymentsOfSecuredDebt" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repayments on asset-backed securities issued</link:label>
    <link:label id="lab_us-gaap_RepaymentsOfSecuredDebt_label_en-US" xlink:label="lab_us-gaap_RepaymentsOfSecuredDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repayments of Secured Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfSecuredDebt" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfSecuredDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepaymentsOfSecuredDebt" xlink:to="lab_us-gaap_RepaymentsOfSecuredDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AmortizationOfFinancingCosts_3c5fa90e-94ac-4535-8f92-de96f6752e66_terseLabel_en-US" xlink:label="lab_us-gaap_AmortizationOfFinancingCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortization of debt issuance costs</link:label>
    <link:label id="lab_us-gaap_AmortizationOfFinancingCosts_label_en-US" xlink:label="lab_us-gaap_AmortizationOfFinancingCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortization of Debt Issuance Costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfFinancingCosts" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AmortizationOfFinancingCosts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AmortizationOfFinancingCosts" xlink:to="lab_us-gaap_AmortizationOfFinancingCosts" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_OffsettingAssetAndLiabilitiesTableTextBlock_a207c02b-7647-4ebb-ba40-6074e8df21e4_terseLabel_en-US" xlink:label="lab_rwt_OffsettingAssetAndLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Offsetting of Financial Assets, Liabilities, and Collateral</link:label>
    <link:label id="lab_rwt_OffsettingAssetAndLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_rwt_OffsettingAssetAndLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Offsetting Asset and Liabilities [Table Text Block]</link:label>
    <link:label id="lab_rwt_OffsettingAssetAndLiabilitiesTableTextBlock_documentation_en-US" xlink:label="lab_rwt_OffsettingAssetAndLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Offsetting Asset and Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OffsettingAssetAndLiabilitiesTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_OffsettingAssetAndLiabilitiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_OffsettingAssetAndLiabilitiesTableTextBlock" xlink:to="lab_rwt_OffsettingAssetAndLiabilitiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeCollateralObligationToReturnSecurities_c1bcd76e-9549-49af-bb3c-6af4659581cc_negatedLabel_en-US" xlink:label="lab_us-gaap_DerivativeCollateralObligationToReturnSecurities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments</link:label>
    <link:label id="lab_us-gaap_DerivativeCollateralObligationToReturnSecurities_label_en-US" xlink:label="lab_us-gaap_DerivativeCollateralObligationToReturnSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative, Collateral, Obligation to Return Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralObligationToReturnSecurities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralObligationToReturnSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeCollateralObligationToReturnSecurities" xlink:to="lab_us-gaap_DerivativeCollateralObligationToReturnSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash_b3f75058-1fde-4e0c-a3c2-2207e9c6ae09_totalLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned, Collateral, Right to Reclaim Cash</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash" xlink:to="lab_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RetainedEarningsMember_9615b079-9e30-4e1b-a87f-c51a004c25c5_terseLabel_en-US" xlink:label="lab_us-gaap_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cumulative Earnings</link:label>
    <link:label id="lab_us-gaap_RetainedEarningsMember_label_en-US" xlink:label="lab_us-gaap_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Retained Earnings [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RetainedEarningsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RetainedEarningsMember" xlink:to="lab_us-gaap_RetainedEarningsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueByMeasurementBasisAxis_fed98d51-f206-42eb-ae6c-f63ce69f52ec_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementBasisAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Basis [Axis]</link:label>
    <link:label id="lab_us-gaap_FairValueByMeasurementBasisAxis_label_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementBasisAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Basis [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByMeasurementBasisAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByMeasurementBasisAxis" xlink:to="lab_us-gaap_FairValueByMeasurementBasisAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities_84fccefb-3cc3-4b8c-8430-0ac7d7679fc2_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash payment for contingent consideration liability</link:label>
    <link:label id="lab_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities_label_en-US" xlink:label="lab_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payment for Contingent Consideration Liability, Financing Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities" xlink:to="lab_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShortTermDebtTypeDomain_c28ba2ef-4a62-40e4-92c9-d93f852fb34c_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term Debt, Type [Domain]</link:label>
    <link:label id="lab_us-gaap_ShortTermDebtTypeDomain_label_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term Debt, Type [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain" xlink:to="lab_us-gaap_ShortTermDebtTypeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsToAcquireInvestments_be867169-fe6a-4bea-a933-58da51b2621e_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments to acquire investments</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireInvestments_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments to Acquire Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireInvestments" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireInvestments" xlink:to="lab_us-gaap_PaymentsToAcquireInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SignificantAccountingPoliciesTextBlock_078595df-24f1-4b6b-8b1f-ed1f7be9dcb8_terseLabel_en-US" xlink:label="lab_us-gaap_SignificantAccountingPoliciesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Summary of Significant Accounting Policies</link:label>
    <link:label id="lab_us-gaap_SignificantAccountingPoliciesTextBlock_label_en-US" xlink:label="lab_us-gaap_SignificantAccountingPoliciesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Significant Accounting Policies [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SignificantAccountingPoliciesTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SignificantAccountingPoliciesTextBlock" xlink:to="lab_us-gaap_SignificantAccountingPoliciesTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_6b40f60f-df77-406e-8506-b9c44b2084d2_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net cash provided by investing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherGeneralAndAdministrativeExpense_d5e612a1-d29e-483d-9eb5-69b7a063cb0b_terseLabel_en-US" xlink:label="lab_us-gaap_OtherGeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_OtherGeneralAndAdministrativeExpense_label_en-US" xlink:label="lab_us-gaap_OtherGeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other General and Administrative Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherGeneralAndAdministrativeExpense" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherGeneralAndAdministrativeExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherGeneralAndAdministrativeExpense" xlink:to="lab_us-gaap_OtherGeneralAndAdministrativeExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ScheduleOfCorporateAndOtherTableTextBlock_ea2cacb9-3dba-4705-8aa4-a7ea805e761f_terseLabel_en-US" xlink:label="lab_rwt_ScheduleOfCorporateAndOtherTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Components of Corporate and Other</link:label>
    <link:label id="lab_rwt_ScheduleOfCorporateAndOtherTableTextBlock_label_en-US" xlink:label="lab_rwt_ScheduleOfCorporateAndOtherTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule Of Corporate And Other [Table Text Block]</link:label>
    <link:label id="lab_rwt_ScheduleOfCorporateAndOtherTableTextBlock_documentation_en-US" xlink:label="lab_rwt_ScheduleOfCorporateAndOtherTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule Of Corporate And Other [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleOfCorporateAndOtherTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_ScheduleOfCorporateAndOtherTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ScheduleOfCorporateAndOtherTableTextBlock" xlink:to="lab_rwt_ScheduleOfCorporateAndOtherTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_851e798d-f9c4-4fb6-b6be-0326f7aeedd9_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Award Type [Domain]</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Award Type [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased_c9b7e014-65c5-4b6a-b9e9-69468918ec5c_terseLabel_en-US" xlink:label="lab_rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of loans repurchased</link:label>
    <link:label id="lab_rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased_label_en-US" xlink:label="lab_rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Loans On Real Estate, Number Of Loans Repurchased</link:label>
    <link:label id="lab_rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased_documentation_en-US" xlink:label="lab_rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Loans On Real Estate, Number Of Loans Repurchased</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased" xlink:href="rwt-20210331.xsd#rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased" xlink:to="lab_rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfOtherAssetsTableTextBlock_4a8eda57-72e9-47d4-b08b-77193b1fd0f9_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfOtherAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Components of Other Assets</link:label>
    <link:label id="lab_us-gaap_ScheduleOfOtherAssetsTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfOtherAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Other Assets [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfOtherAssetsTableTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfOtherAssetsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfOtherAssetsTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfOtherAssetsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_OffsettingAssetAndLiabilitiesLineItems_c2cc59c6-14ba-45b6-b80a-29f073595c82_terseLabel_en-US" xlink:label="lab_rwt_OffsettingAssetAndLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Offsetting Asset and Liabilities [Line Items]</link:label>
    <link:label id="lab_rwt_OffsettingAssetAndLiabilitiesLineItems_label_en-US" xlink:label="lab_rwt_OffsettingAssetAndLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Offsetting Asset and Liabilities [Line Items]</link:label>
    <link:label id="lab_rwt_OffsettingAssetAndLiabilitiesLineItems_documentation_en-US" xlink:label="lab_rwt_OffsettingAssetAndLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Offsetting Asset and Liabilities [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OffsettingAssetAndLiabilitiesLineItems" xlink:href="rwt-20210331.xsd#rwt_OffsettingAssetAndLiabilitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_OffsettingAssetAndLiabilitiesLineItems" xlink:to="lab_rwt_OffsettingAssetAndLiabilitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MarginPayable_bde100e0-4728-4bfe-88a8-8346985cd85c_terseLabel_en-US" xlink:label="lab_rwt_MarginPayable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Margin payable</link:label>
    <link:label id="lab_rwt_MarginPayable_label_en-US" xlink:label="lab_rwt_MarginPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Margin Payable</link:label>
    <link:label id="lab_rwt_MarginPayable_documentation_en-US" xlink:label="lab_rwt_MarginPayable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Margin Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MarginPayable" xlink:href="rwt-20210331.xsd#rwt_MarginPayable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MarginPayable" xlink:to="lab_rwt_MarginPayable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock_955a6943-ce6e-4f7b-ae39-7fae57e45b9f_verboseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Components of Servicer Advance Investments</link:label>
    <link:label id="lab_us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Servicing Assets at Fair Value [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock" xlink:to="lab_us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ScheduleOfMultifamilyLoansTableTextBlock_c6dc8b21-9d19-4eaa-90bb-9ccd0ef7ec6d_terseLabel_en-US" xlink:label="lab_rwt_ScheduleOfMultifamilyLoansTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Multifamily Loans</link:label>
    <link:label id="lab_rwt_ScheduleOfMultifamilyLoansTableTextBlock_label_en-US" xlink:label="lab_rwt_ScheduleOfMultifamilyLoansTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Multifamily Loans [Table Text Block]</link:label>
    <link:label id="lab_rwt_ScheduleOfMultifamilyLoansTableTextBlock_documentation_en-US" xlink:label="lab_rwt_ScheduleOfMultifamilyLoansTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Multifamily Loans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleOfMultifamilyLoansTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_ScheduleOfMultifamilyLoansTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ScheduleOfMultifamilyLoansTableTextBlock" xlink:to="lab_rwt_ScheduleOfMultifamilyLoansTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherCommitment_8b5b4442-6116-409e-9cb3-47602cc5f2ac_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitment to fund loan</link:label>
    <link:label id="lab_us-gaap_OtherCommitment_6326f513-0b53-4291-891b-7c5602098067_verboseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitment" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitments to fund temporary advances</link:label>
    <link:label id="lab_us-gaap_OtherCommitment_label_en-US" xlink:label="lab_us-gaap_OtherCommitment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Commitment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitment" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitment" xlink:to="lab_us-gaap_OtherCommitment" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueByBalanceSheetGroupingTable_41f805c6-376c-461a-9f9a-9d189501bc37_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByBalanceSheetGroupingTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, by Balance Sheet Grouping [Table]</link:label>
    <link:label id="lab_us-gaap_FairValueByBalanceSheetGroupingTable_label_en-US" xlink:label="lab_us-gaap_FairValueByBalanceSheetGroupingTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value, by Balance Sheet Grouping [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTable" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable" xlink:to="lab_us-gaap_FairValueByBalanceSheetGroupingTable" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent_0da770d9-5e88-499f-8f95-f7e80969e1ac_terseLabel_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impact of increase in discount rate assumption</link:label>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent_label_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis Of Fair Value, Transferor's Interests In Transferred Financial Assets, Impact On Discount Rate Of Basis Point Increase, Percent</link:label>
    <link:label id="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent_documentation_en-US" xlink:label="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Analysis Of Fair Value, Transferor's Interests In Transferred Financial Assets, Impact On Discount Rate Of Basis Point Increase, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" xlink:to="lab_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SingleFamilyRentalLoansMember_c2e3851b-b45e-4bc3-bd8f-6798095cb78f_terseLabel_en-US" xlink:label="lab_rwt_SingleFamilyRentalLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single family rental loans</link:label>
    <link:label id="lab_rwt_SingleFamilyRentalLoansMember_label_en-US" xlink:label="lab_rwt_SingleFamilyRentalLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single Family Rental Loans [Member]</link:label>
    <link:label id="lab_rwt_SingleFamilyRentalLoansMember_documentation_en-US" xlink:label="lab_rwt_SingleFamilyRentalLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Single Family Rental Loans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansMember" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SingleFamilyRentalLoansMember" xlink:to="lab_rwt_SingleFamilyRentalLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MeasurementInputMortgageServicingIncomeMember_42558669-1cea-4a3e-8026-3e1356789472_terseLabel_en-US" xlink:label="lab_rwt_MeasurementInputMortgageServicingIncomeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage servicing income</link:label>
    <link:label id="lab_rwt_MeasurementInputMortgageServicingIncomeMember_label_en-US" xlink:label="lab_rwt_MeasurementInputMortgageServicingIncomeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input Mortgage Servicing Income [Member]</link:label>
    <link:label id="lab_rwt_MeasurementInputMortgageServicingIncomeMember_documentation_en-US" xlink:label="lab_rwt_MeasurementInputMortgageServicingIncomeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input Mortgage Servicing Income [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputMortgageServicingIncomeMember" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputMortgageServicingIncomeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MeasurementInputMortgageServicingIncomeMember" xlink:to="lab_rwt_MeasurementInputMortgageServicingIncomeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GuaranteesFairValueDisclosure_c4bcdc82-6ffd-4a23-ae09-cf941d0d4fb7_verboseLabel_en-US" xlink:label="lab_us-gaap_GuaranteesFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Guarantee obligation</link:label>
    <link:label id="lab_us-gaap_GuaranteesFairValueDisclosure_label_en-US" xlink:label="lab_us-gaap_GuaranteesFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Guarantees, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GuaranteesFairValueDisclosure" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GuaranteesFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteesFairValueDisclosure" xlink:to="lab_us-gaap_GuaranteesFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ManagementFeeOnExistingAssetsUnderManagementMember_9cc70c8a-f5bb-4066-9afa-b53b28daadbb_terseLabel_en-US" xlink:label="lab_rwt_ManagementFeeOnExistingAssetsUnderManagementMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Management Fee On Existing Assets Under Management [Member]</link:label>
    <link:label id="lab_rwt_ManagementFeeOnExistingAssetsUnderManagementMember_label_en-US" xlink:label="lab_rwt_ManagementFeeOnExistingAssetsUnderManagementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Management Fee On Existing Assets Under Management [Member]</link:label>
    <link:label id="lab_rwt_ManagementFeeOnExistingAssetsUnderManagementMember_documentation_en-US" xlink:label="lab_rwt_ManagementFeeOnExistingAssetsUnderManagementMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Management Fee On Existing Assets Under Management [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ManagementFeeOnExistingAssetsUnderManagementMember" xlink:href="rwt-20210331.xsd#rwt_ManagementFeeOnExistingAssetsUnderManagementMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ManagementFeeOnExistingAssetsUnderManagementMember" xlink:to="lab_rwt_ManagementFeeOnExistingAssetsUnderManagementMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestExpenseAbstract_3b5aa3a8-2457-4502-9caf-ead16d27fa01_terseLabel_en-US" xlink:label="lab_us-gaap_InterestExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Expense</link:label>
    <link:label id="lab_us-gaap_InterestExpenseAbstract_label_en-US" xlink:label="lab_us-gaap_InterestExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Expense [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpenseAbstract" xlink:to="lab_us-gaap_InterestExpenseAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InvestmentOwnedBalancePrincipalAmount_6c0d1c26-5d05-468c-89ee-24fb55d84593_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentOwnedBalancePrincipalAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unpaid principal balance</link:label>
    <link:label id="lab_us-gaap_InvestmentOwnedBalancePrincipalAmount_label_en-US" xlink:label="lab_us-gaap_InvestmentOwnedBalancePrincipalAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment Owned, Balance, Principal Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentOwnedBalancePrincipalAmount" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentOwnedBalancePrincipalAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentOwnedBalancePrincipalAmount" xlink:to="lab_us-gaap_InvestmentOwnedBalancePrincipalAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_7ee16da0-cdd9-4032-81b4-cf469d9c53ee_terseLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Federal statutory rate</link:label>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate_5203ba10-a58e-46ca-a80d-9d40c90aa039_terseLabel_en-US" xlink:label="lab_us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business purpose loans</link:label>
    <link:label id="lab_us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate_label_en-US" xlink:label="lab_us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest and Fee Income, Loans, Commercial and Residential, Real Estate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate" xlink:to="lab_us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_ResidentialBridgeHeldForSaleAtFairValueMember_efbf79f4-af30-4cd1-830c-7df2e28e9cb0_terseLabel_en-US" xlink:label="lab_rwt_ResidentialBridgeHeldForSaleAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Bridge, Held-for-sale at fair value</link:label>
    <link:label id="lab_rwt_ResidentialBridgeHeldForSaleAtFairValueMember_label_en-US" xlink:label="lab_rwt_ResidentialBridgeHeldForSaleAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Bridge Held For Sale At Fair Value [Member]</link:label>
    <link:label id="lab_rwt_ResidentialBridgeHeldForSaleAtFairValueMember_documentation_en-US" xlink:label="lab_rwt_ResidentialBridgeHeldForSaleAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Residential Bridge Held For Sale At Fair Value [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialBridgeHeldForSaleAtFairValueMember" xlink:href="rwt-20210331.xsd#rwt_ResidentialBridgeHeldForSaleAtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_ResidentialBridgeHeldForSaleAtFairValueMember" xlink:to="lab_rwt_ResidentialBridgeHeldForSaleAtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_cb40e07d-8478-4cf9-a270-a3daf6723f92_terseLabel_en-US" xlink:label="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recent Accounting Pronouncements</link:label>
    <link:label id="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_label_en-US" xlink:label="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">New Accounting Pronouncements, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:to="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs_3fdf0311-6ade-41e2-ae69-57dbc9b578bf_terseLabel_en-US" xlink:label="lab_rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">MSR income (losses), net</link:label>
    <link:label id="lab_rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs_label_en-US" xlink:label="lab_rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mortgage Servicing Rights Income Including Market Valuation Changes of MSRs</link:label>
    <link:label id="lab_rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs_documentation_en-US" xlink:label="lab_rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Includes income from mortgage banking servicing real estate mortgages, net of subservicing costs, and market valuation changes of MSRs held at fair value.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs" xlink:to="lab_rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MeasurementInputDiscountRateMember_8ee98d3f-6ce9-43d5-85ac-bc1687f2c13f_terseLabel_en-US" xlink:label="lab_us-gaap_MeasurementInputDiscountRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Discount rate</link:label>
    <link:label id="lab_us-gaap_MeasurementInputDiscountRateMember_label_en-US" xlink:label="lab_us-gaap_MeasurementInputDiscountRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Discount Rate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputDiscountRateMember" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputDiscountRateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MeasurementInputDiscountRateMember" xlink:to="lab_us-gaap_MeasurementInputDiscountRateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementOfFinancialPositionAbstract_2852a560-0692-46a0-be0e-bb691f920482_terseLabel_en-US" xlink:label="lab_us-gaap_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statement of Financial Position [Abstract]</link:label>
    <link:label id="lab_us-gaap_StatementOfFinancialPositionAbstract_label_en-US" xlink:label="lab_us-gaap_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statement of Financial Position [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract" xlink:to="lab_us-gaap_StatementOfFinancialPositionAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EarningsPerShareBasicAbstract_819f9bd8-3c19-42e2-a368-a12a8b112629_terseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareBasicAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Basic Earnings (Loss) per Common Share:</link:label>
    <link:label id="lab_us-gaap_EarningsPerShareBasicAbstract_label_en-US" xlink:label="lab_us-gaap_EarningsPerShareBasicAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings Per Share, Basic [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasicAbstract" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract" xlink:to="lab_us-gaap_EarningsPerShareBasicAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SubsegmentsAxis_3c47af71-5728-43b8-947b-f36e97679ad7_terseLabel_en-US" xlink:label="lab_us-gaap_SubsegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsegments [Axis]</link:label>
    <link:label id="lab_us-gaap_SubsegmentsAxis_label_en-US" xlink:label="lab_us-gaap_SubsegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsegments [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsAxis" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SubsegmentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubsegmentsAxis" xlink:to="lab_us-gaap_SubsegmentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_rwt_SummaryOfOtherInvestmentsTableTextBlock_2f4f1acd-911c-4488-abca-efaeffdc92ca_terseLabel_en-US" xlink:label="lab_rwt_SummaryOfOtherInvestmentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Summary of Other Investments</link:label>
    <link:label id="lab_rwt_SummaryOfOtherInvestmentsTableTextBlock_label_en-US" xlink:label="lab_rwt_SummaryOfOtherInvestmentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Summary Of Other Investments [Table Text Block]</link:label>
    <link:label id="lab_rwt_SummaryOfOtherInvestmentsTableTextBlock_documentation_en-US" xlink:label="lab_rwt_SummaryOfOtherInvestmentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Summary Of Other Investments [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SummaryOfOtherInvestmentsTableTextBlock" xlink:href="rwt-20210331.xsd#rwt_SummaryOfOtherInvestmentsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rwt_SummaryOfOtherInvestmentsTableTextBlock" xlink:to="lab_rwt_SummaryOfOtherInvestmentsTableTextBlock" xlink:type="arc" order="1"/>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>13
<FILENAME>rwt-20210331_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2021 Workiva-->
<!--r:e35fa16f-4607-46d5-a3e8-070c9aa6504e,g:4da2f0a3-50bd-4f07-92da-417db8aabd49-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CoverPage" xlink:type="simple" xlink:href="rwt-20210331.xsd#CoverPage"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/CoverPage" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_CoverAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_12c13c5c-bd31-4c8a-9f2e-bbb712c13375" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentType"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_DocumentType_12c13c5c-bd31-4c8a-9f2e-bbb712c13375" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentQuarterlyReport_2e74c9f6-abf0-48d8-8758-0e6f545ae23d" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentQuarterlyReport"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_DocumentQuarterlyReport_2e74c9f6-abf0-48d8-8758-0e6f545ae23d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_8c61f0bc-1646-453d-ba26-d082f03cbe1e" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_DocumentPeriodEndDate_8c61f0bc-1646-453d-ba26-d082f03cbe1e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentTransitionReport_d7c131ac-c3fc-4708-95c8-779e51188000" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentTransitionReport"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_DocumentTransitionReport_d7c131ac-c3fc-4708-95c8-779e51188000" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_5b976173-385a-4ead-ba1c-00ccd971ff57" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityFileNumber"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_EntityFileNumber_5b976173-385a-4ead-ba1c-00ccd971ff57" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_ae83ee2f-9ca7-4c19-af6c-b2ba063501ea" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityRegistrantName"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_EntityRegistrantName_ae83ee2f-9ca7-4c19-af6c-b2ba063501ea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_b2d195f2-f192-41e1-9993-9a4623dce1d6" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_EntityIncorporationStateCountryCode_b2d195f2-f192-41e1-9993-9a4623dce1d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_e41e0d4c-54ca-456b-a7d4-9bdfa2d22656" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_EntityTaxIdentificationNumber_e41e0d4c-54ca-456b-a7d4-9bdfa2d22656" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_e3d3197f-08ce-4422-9ece-8859a8541e70" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressAddressLine1"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_EntityAddressAddressLine1_e3d3197f-08ce-4422-9ece-8859a8541e70" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_2e78dd42-91f9-4deb-9ca9-9f997652b9f5" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressCityOrTown"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_EntityAddressCityOrTown_2e78dd42-91f9-4deb-9ca9-9f997652b9f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_239ac4b6-3485-4730-87e5-25e198bc1cd2" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressStateOrProvince"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_EntityAddressStateOrProvince_239ac4b6-3485-4730-87e5-25e198bc1cd2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_b58533da-6904-4ee8-b730-271cc17a20a6" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressPostalZipCode"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_EntityAddressPostalZipCode_b58533da-6904-4ee8-b730-271cc17a20a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_61505626-9c5a-4731-95bc-abc7a5f21439" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_CityAreaCode"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_CityAreaCode_61505626-9c5a-4731-95bc-abc7a5f21439" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_1e309bf8-67b5-4ad9-b5e1-44ba4e74a33a" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LocalPhoneNumber"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_LocalPhoneNumber_1e309bf8-67b5-4ad9-b5e1-44ba4e74a33a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCurrentReportingStatus_65f4e58d-bb58-4c5d-93c2-600286874179" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityCurrentReportingStatus"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_EntityCurrentReportingStatus_65f4e58d-bb58-4c5d-93c2-600286874179" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityInteractiveDataCurrent_8f421e6d-8906-4ff7-80af-5a6a507a3f7d" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityInteractiveDataCurrent"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_EntityInteractiveDataCurrent_8f421e6d-8906-4ff7-80af-5a6a507a3f7d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFilerCategory_c24d074a-537d-411f-a5a0-fd3b17f40a21" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityFilerCategory"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_EntityFilerCategory_c24d074a-537d-411f-a5a0-fd3b17f40a21" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntitySmallBusiness_32cbec6f-0e4c-4da5-a20d-87fbe9019c99" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntitySmallBusiness"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_EntitySmallBusiness_32cbec6f-0e4c-4da5-a20d-87fbe9019c99" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_88f679c2-2ef6-4c56-a334-50a63d9b75ff" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_EntityEmergingGrowthCompany_88f679c2-2ef6-4c56-a334-50a63d9b75ff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityShellCompany_657c5554-4b48-40f4-8427-efa43135adc9" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityShellCompany"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_EntityShellCompany_657c5554-4b48-40f4-8427-efa43135adc9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_bdc1db6b-037f-4bee-b7a0-fe000bf76406" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_Security12bTitle"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_Security12bTitle_bdc1db6b-037f-4bee-b7a0-fe000bf76406" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol_bf0e382d-c227-4d21-bd93-f403620047f6" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_TradingSymbol"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_TradingSymbol_bf0e382d-c227-4d21-bd93-f403620047f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName_7ae52f63-f529-422e-b23f-0069eaad6efe" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_SecurityExchangeName"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_SecurityExchangeName_7ae52f63-f529-422e-b23f-0069eaad6efe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCommonStockSharesOutstanding_dd6b9e11-b19a-48f6-b3bf-7a2001bbecc8" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityCommonStockSharesOutstanding"/>
    <link:presentationArc order="24" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_EntityCommonStockSharesOutstanding_dd6b9e11-b19a-48f6-b3bf-7a2001bbecc8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_6b453659-cf4d-4290-b2b0-b7279a1906a3" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_AmendmentFlag"/>
    <link:presentationArc order="25" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_AmendmentFlag_6b453659-cf4d-4290-b2b0-b7279a1906a3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalYearFocus_7c82255c-16b5-463f-a018-8a181e0a3ffd" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentFiscalYearFocus"/>
    <link:presentationArc order="26" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_DocumentFiscalYearFocus_7c82255c-16b5-463f-a018-8a181e0a3ffd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalPeriodFocus_fd21d937-646f-4414-92ec-3e434a46de82" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentFiscalPeriodFocus"/>
    <link:presentationArc order="27" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_DocumentFiscalPeriodFocus_fd21d937-646f-4414-92ec-3e434a46de82" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_4ad85657-0d56-4b25-9bd5-994b17fd98ee" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityCentralIndexKey"/>
    <link:presentationArc order="28" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_EntityCentralIndexKey_4ad85657-0d56-4b25-9bd5-994b17fd98ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CurrentFiscalYearEndDate_73a2a12f-2432-4ffb-b6b6-52933dcf5b0a" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_CurrentFiscalYearEndDate"/>
    <link:presentationArc order="29" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_92d037e3-c5fc-45e4-b1c1-7754db00ee65" xlink:to="loc_dei_CurrentFiscalYearEndDate_73a2a12f-2432-4ffb-b6b6-52933dcf5b0a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDBALANCESHEETS"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_111e0930-8863-4a0f-b407-76b6eecb1085" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_e5a988e5-6395-4b7a-93be-513f3158cc73" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_111e0930-8863-4a0f-b407-76b6eecb1085" xlink:to="loc_us-gaap_StatementTable_e5a988e5-6395-4b7a-93be-513f3158cc73" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_3f85eb78-3717-4590-a4e9-a571fb9dbd44" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_e5a988e5-6395-4b7a-93be-513f3158cc73" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_3f85eb78-3717-4590-a4e9-a571fb9dbd44" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_e9dc6164-6347-4c6a-b3f4-7e2ed16aee97" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_3f85eb78-3717-4590-a4e9-a571fb9dbd44" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_e9dc6164-6347-4c6a-b3f4-7e2ed16aee97" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForSaleMember_1e24cb6a-3d5c-414e-b1f8-2714e5e4f39f" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForSaleMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_e9dc6164-6347-4c6a-b3f4-7e2ed16aee97" xlink:to="loc_rwt_ResidentialLoansHeldForSaleMember_1e24cb6a-3d5c-414e-b1f8-2714e5e4f39f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember_bf2889fb-a5a6-4f60-a9e4-61d6df6289ff" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_e9dc6164-6347-4c6a-b3f4-7e2ed16aee97" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember_bf2889fb-a5a6-4f60-a9e4-61d6df6289ff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansHeldforSaleMember_6ce0f147-3b5c-4c40-b30d-ebdacd150ca5" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansHeldforSaleMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_e9dc6164-6347-4c6a-b3f4-7e2ed16aee97" xlink:to="loc_rwt_BusinessPurposeResidentialLoansHeldforSaleMember_6ce0f147-3b5c-4c40-b30d-ebdacd150ca5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember_e8267ec2-ffd3-4095-ba4e-adb9f0b2581d" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_e9dc6164-6347-4c6a-b3f4-7e2ed16aee97" xlink:to="loc_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember_e8267ec2-ffd3-4095-ba4e-adb9f0b2581d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansMember_6f039687-8b53-45cc-9a6a-a56e2b90c973" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_e9dc6164-6347-4c6a-b3f4-7e2ed16aee97" xlink:to="loc_rwt_MultifamilyLoansMember_6f039687-8b53-45cc-9a6a-a56e2b90c973" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_ec2ac390-0516-48f5-98cc-cc5a798154e4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_e5a988e5-6395-4b7a-93be-513f3158cc73" xlink:to="loc_us-gaap_StatementLineItems_ec2ac390-0516-48f5-98cc-cc5a798154e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_ec2ac390-0516-48f5-98cc-cc5a798154e4" xlink:to="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_c89a2336-6668-4de7-877c-47cc3587f88e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_NotesReceivableNet_c89a2336-6668-4de7-877c-47cc3587f88e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarketableSecurities_70579c5a-c986-4326-ba4b-6987ee08e98f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarketableSecurities"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_MarketableSecurities_70579c5a-c986-4326-ba4b-6987ee08e98f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestments_e9245f47-5e00-4c14-ad31-92c443f2f6a4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherInvestments"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_OtherInvestments_e9245f47-5e00-4c14-ad31-92c443f2f6a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_d1e56cb3-5cf3-4582-aa7d-db0bf42e3922" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_d1e56cb3-5cf3-4582-aa7d-db0bf42e3922" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents_7de48b43-ee30-4fa1-9013-ad419df05bd7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalents_7de48b43-ee30-4fa1-9013-ad419df05bd7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill_cc52c0d2-0dd6-4b76-b107-175431ef177e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IntangibleAssetsNetIncludingGoodwill"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill_cc52c0d2-0dd6-4b76-b107-175431ef177e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets_4a575f9a-93b2-4f1a-ab59-91e7c1a11245" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssets"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_DerivativeAssets_4a575f9a-93b2-4f1a-ab59-91e7c1a11245" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets_b34b6cb7-ffb4-4ba2-bf0c-1a2e6c780fa9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssets"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_OtherAssets_b34b6cb7-ffb4-4ba2-bf0c-1a2e6c780fa9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_1ca86112-dfce-4050-95a1-47725604bad4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Assets"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_693bb118-06d5-4f92-9c8e-f035ecac8a55" xlink:to="loc_us-gaap_Assets_1ca86112-dfce-4050-95a1-47725604bad4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_468528c8-79f4-4913-833d-ca8683d06805" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_ec2ac390-0516-48f5-98cc-cc5a798154e4" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_468528c8-79f4-4913-833d-ca8683d06805" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAbstract_fd619670-9017-488f-bade-4fa613ee94a7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_468528c8-79f4-4913-833d-ca8683d06805" xlink:to="loc_us-gaap_LiabilitiesAbstract_fd619670-9017-488f-bade-4fa613ee94a7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermBorrowings_93641c44-143e-4085-87b6-175185aff965" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermBorrowings"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_fd619670-9017-488f-bade-4fa613ee94a7" xlink:to="loc_us-gaap_ShortTermBorrowings_93641c44-143e-4085-87b6-175185aff965" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_73342b04-c49f-4056-a6af-63807b1ea3e7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilities"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_fd619670-9017-488f-bade-4fa613ee94a7" xlink:to="loc_us-gaap_DerivativeLiabilities_73342b04-c49f-4056-a6af-63807b1ea3e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_b3e51f07-c266-4725-b7ca-fca0c31c481d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_fd619670-9017-488f-bade-4fa613ee94a7" xlink:to="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_b3e51f07-c266-4725-b7ca-fca0c31c481d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuredDebt_f554c2e0-a3e2-416e-b241-366806ab5250" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuredDebt"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_fd619670-9017-488f-bade-4fa613ee94a7" xlink:to="loc_us-gaap_SecuredDebt_f554c2e0-a3e2-416e-b241-366806ab5250" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLongTermDebt_038f64f5-b8a1-41a7-847c-e0d1ac401dc6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherLongTermDebt"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_fd619670-9017-488f-bade-4fa613ee94a7" xlink:to="loc_us-gaap_OtherLongTermDebt_038f64f5-b8a1-41a7-847c-e0d1ac401dc6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_6be79183-64f2-47fb-b2d3-286a7dbd5c1c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Liabilities"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_fd619670-9017-488f-bade-4fa613ee94a7" xlink:to="loc_us-gaap_Liabilities_6be79183-64f2-47fb-b2d3-286a7dbd5c1c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingencies_04f6e15a-78e9-4d3f-b49d-91d6c9b9ef2d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommitmentsAndContingencies"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_468528c8-79f4-4913-833d-ca8683d06805" xlink:to="loc_us-gaap_CommitmentsAndContingencies_04f6e15a-78e9-4d3f-b49d-91d6c9b9ef2d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_fd6bf4a7-06b3-4aa9-8825-9d075bb073cc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_468528c8-79f4-4913-833d-ca8683d06805" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_fd6bf4a7-06b3-4aa9-8825-9d075bb073cc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_af208f93-36f4-4c90-a73c-52d6f8a1db22" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_fd6bf4a7-06b3-4aa9-8825-9d075bb073cc" xlink:to="loc_us-gaap_CommonStockValue_af208f93-36f4-4c90-a73c-52d6f8a1db22" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_b587e7d6-91a7-4ca6-853e-9a58d6bd4bc6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_fd6bf4a7-06b3-4aa9-8825-9d075bb073cc" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_b587e7d6-91a7-4ca6-853e-9a58d6bd4bc6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_9ad55983-31e4-489d-98e8-865a4078086c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_fd6bf4a7-06b3-4aa9-8825-9d075bb073cc" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_9ad55983-31e4-489d-98e8-865a4078086c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_262f0ef6-b86c-4d44-b8a6-aa1d32f0446a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_fd6bf4a7-06b3-4aa9-8825-9d075bb073cc" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_262f0ef6-b86c-4d44-b8a6-aa1d32f0446a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CumulativeDividends_c9ca5ba7-34b2-473a-8691-7d57e65bc698" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CumulativeDividends"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_fd6bf4a7-06b3-4aa9-8825-9d075bb073cc" xlink:to="loc_us-gaap_CumulativeDividends_c9ca5ba7-34b2-473a-8691-7d57e65bc698" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_61c95e4a-22e5-4e79-9d63-d8b83e9c5bc8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_fd6bf4a7-06b3-4aa9-8825-9d075bb073cc" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_61c95e4a-22e5-4e79-9d63-d8b83e9c5bc8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_3ffb8748-54fa-45f7-bca4-01721b365c34" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_468528c8-79f4-4913-833d-ca8683d06805" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_3ffb8748-54fa-45f7-bca4-01721b365c34" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDBALANCESHEETSPARENTHETICAL"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_7e7b17f3-eb6b-48e1-a79e-172ad328f193" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_05082c6f-16b4-43e1-b664-b588c457672c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_7e7b17f3-eb6b-48e1-a79e-172ad328f193" xlink:to="loc_us-gaap_StatementTable_05082c6f-16b4-43e1-b664-b588c457672c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_9416ea24-db3c-4e40-ba05-289d788cd79a" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_05082c6f-16b4-43e1-b664-b588c457672c" xlink:to="loc_srt_ConsolidatedEntitiesAxis_9416ea24-db3c-4e40-ba05-289d788cd79a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_d8678a7e-cc31-49eb-8393-5cae2fef7b4f" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_9416ea24-db3c-4e40-ba05-289d788cd79a" xlink:to="loc_srt_ConsolidatedEntitiesDomain_d8678a7e-cc31-49eb-8393-5cae2fef7b4f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_82358da6-7660-4411-8044-cb103a046913" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_d8678a7e-cc31-49eb-8393-5cae2fef7b4f" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_82358da6-7660-4411-8044-cb103a046913" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_05082c6f-16b4-43e1-b664-b588c457672c" xlink:to="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFairValue_4a677dd1-27ad-4128-a9a0-33bb0029f175" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentFairValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:to="loc_us-gaap_DebtInstrumentFairValue_4a677dd1-27ad-4128-a9a0-33bb0029f175" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_f04868b4-5768-497c-9d0a-d4f2eda338b0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:to="loc_us-gaap_CommonStockParOrStatedValuePerShare_f04868b4-5768-497c-9d0a-d4f2eda338b0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesAuthorized_3891aa6c-6018-4f00-8046-86c911df202c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockSharesAuthorized"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:to="loc_us-gaap_CommonStockSharesAuthorized_3891aa6c-6018-4f00-8046-86c911df202c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesIssued_80b521f4-0c92-465e-9884-5ee6516dd0eb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockSharesIssued"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:to="loc_us-gaap_CommonStockSharesIssued_80b521f4-0c92-465e-9884-5ee6516dd0eb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_683e6c32-257c-4284-b37e-483bd9e106e8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockSharesOutstanding"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_683e6c32-257c-4284-b37e-483bd9e106e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_4157b9c6-be25-416a-9759-5137f3fe943c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Assets"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:to="loc_us-gaap_Assets_4157b9c6-be25-416a-9759-5137f3fe943c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_cbcd95e8-e20e-45e6-8fbb-ce1b622cbdfe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Liabilities"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_2c61fefa-d112-479e-8705-b585bd7dcca0" xlink:to="loc_us-gaap_Liabilities_cbcd95e8-e20e-45e6-8fbb-ce1b622cbdfe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFINCOMELOSS"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementAbstract_e27aeaed-efb5-4c99-b5c1-7ae64b6ecf78" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperatingAbstract_c3d6f5f7-448d-4676-8727-4f4c79bcac38" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndDividendIncomeOperatingAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_e27aeaed-efb5-4c99-b5c1-7ae64b6ecf78" xlink:to="loc_us-gaap_InterestAndDividendIncomeOperatingAbstract_c3d6f5f7-448d-4676-8727-4f4c79bcac38" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate_82da2f3c-6ff0-4108-a33a-ddc19c1d4b6c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InterestAndDividendIncomeOperatingAbstract_c3d6f5f7-448d-4676-8727-4f4c79bcac38" xlink:to="loc_us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate_82da2f3c-6ff0-4108-a33a-ddc19c1d4b6c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate_cd2e7024-d81d-4746-860a-d4eab0265b85" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InterestAndDividendIncomeOperatingAbstract_c3d6f5f7-448d-4676-8727-4f4c79bcac38" xlink:to="loc_us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate_cd2e7024-d81d-4746-860a-d4eab0265b85" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages_cf670f34-be2e-429a-b622-2f68265f9feb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InterestAndDividendIncomeOperatingAbstract_c3d6f5f7-448d-4676-8727-4f4c79bcac38" xlink:to="loc_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages_cf670f34-be2e-429a-b622-2f68265f9feb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeSecuritiesMortgageBacked_35fc0209-6386-4896-85bb-e7926817c53c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeSecuritiesMortgageBacked"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InterestAndDividendIncomeOperatingAbstract_c3d6f5f7-448d-4676-8727-4f4c79bcac38" xlink:to="loc_us-gaap_InterestIncomeSecuritiesMortgageBacked_35fc0209-6386-4896-85bb-e7926817c53c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeOther_8e909c67-5b61-4e81-97cb-7f2f3009706e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeOther"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InterestAndDividendIncomeOperatingAbstract_c3d6f5f7-448d-4676-8727-4f4c79bcac38" xlink:to="loc_us-gaap_InterestIncomeOther_8e909c67-5b61-4e81-97cb-7f2f3009706e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperating_5424d896-a2cd-446a-88b0-9a5efcee0ca5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InterestAndDividendIncomeOperatingAbstract_c3d6f5f7-448d-4676-8727-4f4c79bcac38" xlink:to="loc_us-gaap_InterestAndDividendIncomeOperating_5424d896-a2cd-446a-88b0-9a5efcee0ca5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseAbstract_e7459529-c59c-4f9e-830c-d33253c5ed8c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_e27aeaed-efb5-4c99-b5c1-7ae64b6ecf78" xlink:to="loc_us-gaap_InterestExpenseAbstract_e7459529-c59c-4f9e-830c-d33253c5ed8c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseShortTermBorrowings_494c2763-3cf5-4703-af43-32f6018269c5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseShortTermBorrowings"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InterestExpenseAbstract_e7459529-c59c-4f9e-830c-d33253c5ed8c" xlink:to="loc_us-gaap_InterestExpenseShortTermBorrowings_494c2763-3cf5-4703-af43-32f6018269c5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities_a70e3a60-9a77-4de5-97c1-f7170bf6859e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InterestExpenseAbstract_e7459529-c59c-4f9e-830c-d33253c5ed8c" xlink:to="loc_us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities_a70e3a60-9a77-4de5-97c1-f7170bf6859e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseLongTermDebt_ae0e0830-4996-4dfa-949e-d9939753f5ee" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseLongTermDebt"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InterestExpenseAbstract_e7459529-c59c-4f9e-830c-d33253c5ed8c" xlink:to="loc_us-gaap_InterestExpenseLongTermDebt_ae0e0830-4996-4dfa-949e-d9939753f5ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_3af8d733-896e-4565-aae5-50a5c16e83f6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InterestExpenseAbstract_e7459529-c59c-4f9e-830c-d33253c5ed8c" xlink:to="loc_us-gaap_InterestExpense_3af8d733-896e-4565-aae5-50a5c16e83f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeExpenseNet_d2fc31a7-2118-4d88-89d6-64bd3fa8e203" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeExpenseNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_e27aeaed-efb5-4c99-b5c1-7ae64b6ecf78" xlink:to="loc_us-gaap_InterestIncomeExpenseNet_d2fc31a7-2118-4d88-89d6-64bd3fa8e203" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoninterestIncomeAbstract_cf6f169a-a9e5-434c-b5ff-1a1bc51410db" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoninterestIncomeAbstract"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_e27aeaed-efb5-4c99-b5c1-7ae64b6ecf78" xlink:to="loc_us-gaap_NoninterestIncomeAbstract_cf6f169a-a9e5-434c-b5ff-1a1bc51410db" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingActivitiesNet_a22280e5-a97f-49b5-9bfd-5024b70aaf3b" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingActivitiesNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoninterestIncomeAbstract_cf6f169a-a9e5-434c-b5ff-1a1bc51410db" xlink:to="loc_rwt_MortgageBankingActivitiesNet_a22280e5-a97f-49b5-9bfd-5024b70aaf3b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnInvestments_38590b5a-47ec-4236-90bf-307f10a5418d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestments"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoninterestIncomeAbstract_cf6f169a-a9e5-434c-b5ff-1a1bc51410db" xlink:to="loc_us-gaap_UnrealizedGainLossOnInvestments_38590b5a-47ec-4236-90bf-307f10a5418d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncome_956481b0-8349-41b8-8485-75802922ce9b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncome"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoninterestIncomeAbstract_cf6f169a-a9e5-434c-b5ff-1a1bc51410db" xlink:to="loc_us-gaap_OtherIncome_956481b0-8349-41b8-8485-75802922ce9b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealizedInvestmentGainsLosses_a5c2df3e-7034-40f0-a7b9-519554efca25" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealizedInvestmentGainsLosses"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoninterestIncomeAbstract_cf6f169a-a9e5-434c-b5ff-1a1bc51410db" xlink:to="loc_us-gaap_RealizedInvestmentGainsLosses_a5c2df3e-7034-40f0-a7b9-519554efca25" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoninterestIncome_53159e73-9f29-4c2b-a442-fcb81763a12f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoninterestIncome"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoninterestIncomeAbstract_cf6f169a-a9e5-434c-b5ff-1a1bc51410db" xlink:to="loc_us-gaap_NoninterestIncome_53159e73-9f29-4c2b-a442-fcb81763a12f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_59568143-6124-4d79-8dc3-a7af0ac55d70" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_e27aeaed-efb5-4c99-b5c1-7ae64b6ecf78" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_59568143-6124-4d79-8dc3-a7af0ac55d70" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanAcquisitionCosts_bb81eccc-6682-4b26-b5f4-9b1fc8a52595" xlink:href="rwt-20210331.xsd#rwt_LoanAcquisitionCosts"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_e27aeaed-efb5-4c99-b5c1-7ae64b6ecf78" xlink:to="loc_rwt_LoanAcquisitionCosts_bb81eccc-6682-4b26-b5f4-9b1fc8a52595" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherExpenses_0ab372c2-b0fe-4b8a-ae5d-fece207e3aff" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherExpenses"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_e27aeaed-efb5-4c99-b5c1-7ae64b6ecf78" xlink:to="loc_us-gaap_OtherExpenses_0ab372c2-b0fe-4b8a-ae5d-fece207e3aff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_1374c393-8394-4b33-afa7-fb362cd47e01" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_e27aeaed-efb5-4c99-b5c1-7ae64b6ecf78" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_1374c393-8394-4b33-afa7-fb362cd47e01" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_065291f5-15c5-4b43-a8e8-476295491787" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_e27aeaed-efb5-4c99-b5c1-7ae64b6ecf78" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_065291f5-15c5-4b43-a8e8-476295491787" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_3dcb820a-6a8e-4f0e-b411-e872f2b4dd9f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_e27aeaed-efb5-4c99-b5c1-7ae64b6ecf78" xlink:to="loc_us-gaap_NetIncomeLoss_3dcb820a-6a8e-4f0e-b411-e872f2b4dd9f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_fea70b1b-c9de-4186-a5fb-3b4ca2b6bbfa" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_e27aeaed-efb5-4c99-b5c1-7ae64b6ecf78" xlink:to="loc_us-gaap_EarningsPerShareBasic_fea70b1b-c9de-4186-a5fb-3b4ca2b6bbfa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_a43392d8-828f-49cc-8266-7460d0c3e3ec" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_e27aeaed-efb5-4c99-b5c1-7ae64b6ecf78" xlink:to="loc_us-gaap_EarningsPerShareDiluted_a43392d8-828f-49cc-8266-7460d0c3e3ec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_6b94e518-d7b1-4641-b977-c9db5b2d037a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_e27aeaed-efb5-4c99-b5c1-7ae64b6ecf78" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_6b94e518-d7b1-4641-b977-c9db5b2d037a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_00d14ee3-852e-4167-b721-c81ede850f37" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_e27aeaed-efb5-4c99-b5c1-7ae64b6ecf78" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_00d14ee3-852e-4167-b721-c81ede850f37" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_76b6fa70-574f-4d5c-8b9a-f0e4dc9127f1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_8430bce9-1878-409d-89d2-7500504eeb91" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_76b6fa70-574f-4d5c-8b9a-f0e4dc9127f1" xlink:to="loc_us-gaap_NetIncomeLoss_8430bce9-1878-409d-89d2-7500504eeb91" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_88ee746f-8b1f-422d-bc5a-5aeba2a22468" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_76b6fa70-574f-4d5c-8b9a-f0e4dc9127f1" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_88ee746f-8b1f-422d-bc5a-5aeba2a22468" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_74d15b9d-5049-4c81-8c9f-2d35df7eebb1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_88ee746f-8b1f-422d-bc5a-5aeba2a22468" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_74d15b9d-5049-4c81-8c9f-2d35df7eebb1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_a947f431-6ef3-470f-ab6c-1ed5c0d2d3cb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_88ee746f-8b1f-422d-bc5a-5aeba2a22468" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_a947f431-6ef3-470f-ab6c-1ed5c0d2d3cb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_bc274f3b-00ee-415a-9aaa-891c2113b74f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_88ee746f-8b1f-422d-bc5a-5aeba2a22468" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_bc274f3b-00ee-415a-9aaa-891c2113b74f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_1b73ae09-de02-4132-9257-3367e346cba5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_88ee746f-8b1f-422d-bc5a-5aeba2a22468" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_1b73ae09-de02-4132-9257-3367e346cba5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_1af35db1-78b9-47fa-942c-56b2b267a8e2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_88ee746f-8b1f-422d-bc5a-5aeba2a22468" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_1af35db1-78b9-47fa-942c-56b2b267a8e2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_5938d5a0-37af-4a19-a1fc-b9cb1cce2d0b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_76b6fa70-574f-4d5c-8b9a-f0e4dc9127f1" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_5938d5a0-37af-4a19-a1fc-b9cb1cce2d0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_804b6b38-56ab-4bfe-a4e9-21ac3e8ef819" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_a84b960b-2768-424e-a5cb-23037dc969b6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract_804b6b38-56ab-4bfe-a4e9-21ac3e8ef819" xlink:to="loc_us-gaap_StatementTable_a84b960b-2768-424e-a5cb-23037dc969b6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_1ee78b92-3a35-4795-91de-9d15b4500975" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_a84b960b-2768-424e-a5cb-23037dc969b6" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_1ee78b92-3a35-4795-91de-9d15b4500975" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_e835f358-7fd1-4c79-be6e-db0a37c5f1d9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_1ee78b92-3a35-4795-91de-9d15b4500975" xlink:to="loc_us-gaap_EquityComponentDomain_e835f358-7fd1-4c79-be6e-db0a37c5f1d9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_dfcc0ab6-6a3c-4c14-ba29-9ea3d6cbae65" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_e835f358-7fd1-4c79-be6e-db0a37c5f1d9" xlink:to="loc_us-gaap_CommonStockMember_dfcc0ab6-6a3c-4c14-ba29-9ea3d6cbae65" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_d71e47e8-afbc-4508-89bb-f37ad049a712" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_e835f358-7fd1-4c79-be6e-db0a37c5f1d9" xlink:to="loc_us-gaap_AdditionalPaidInCapitalMember_d71e47e8-afbc-4508-89bb-f37ad049a712" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_f9aeb4eb-61a9-4170-aadd-29e8e17bf409" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_e835f358-7fd1-4c79-be6e-db0a37c5f1d9" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_f9aeb4eb-61a9-4170-aadd-29e8e17bf409" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsMember_059af205-7f20-44fc-a683-e77de5d90225" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RetainedEarningsMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_e835f358-7fd1-4c79-be6e-db0a37c5f1d9" xlink:to="loc_us-gaap_RetainedEarningsMember_059af205-7f20-44fc-a683-e77de5d90225" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember_25d9540b-5154-4ec4-85e6-8aecebfe0c41" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_e835f358-7fd1-4c79-be6e-db0a37c5f1d9" xlink:to="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember_25d9540b-5154-4ec4-85e6-8aecebfe0c41" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_629ef7cb-fb6c-4ee0-aee6-8afec5b531a4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_a84b960b-2768-424e-a5cb-23037dc969b6" xlink:to="loc_us-gaap_StatementLineItems_629ef7cb-fb6c-4ee0-aee6-8afec5b531a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_629ef7cb-fb6c-4ee0-aee6-8afec5b531a4" xlink:to="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharesIssued_6411c353-d180-4f9d-9332-f1167d093b45" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharesIssued"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_SharesIssued_6411c353-d180-4f9d-9332-f1167d093b45" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_ebf90f29-8109-4bfb-9c30-aa0115b3b7d6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquity"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_StockholdersEquity_ebf90f29-8109-4bfb-9c30-aa0115b3b7d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_621f134d-ea40-4c42-a84f-17505e9c43ee" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_NetIncomeLoss_621f134d-ea40-4c42-a84f-17505e9c43ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_8ff3184f-931c-4832-8a6e-25e70a52298f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_8ff3184f-931c-4832-8a6e-25e70a52298f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_2aa4c83f-1e33-41e5-8d2f-fe96e6dc0922" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_2aa4c83f-1e33-41e5-8d2f-fe96e6dc0922" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_796172c2-b00b-4b76-83f0-b9b9cf3b043a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_796172c2-b00b-4b76-83f0-b9b9cf3b043a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans_9da8f740-eb3a-4bd5-814a-fc098ddcc47e" xlink:href="rwt-20210331.xsd#rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans_9da8f740-eb3a-4bd5-814a-fc098ddcc47e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans_5fadf627-a2b7-4069-8e07-ef7a66624630" xlink:href="rwt-20210331.xsd#rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans_5fadf627-a2b7-4069-8e07-ef7a66624630" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_f2ee8380-bc6e-4359-977f-cdc74ff75087" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_f2ee8380-bc6e-4359-977f-cdc74ff75087" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsCommonStock_40f51c6c-2520-4d37-8048-086c0459408d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DividendsCommonStock"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_DividendsCommonStock_40f51c6c-2520-4d37-8048-086c0459408d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharesIssued_ad1ab49a-0c3c-4a5d-bad2-6b3c37679845" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharesIssued"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_SharesIssued_ad1ab49a-0c3c-4a5d-bad2-6b3c37679845" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_3f1e586e-f01b-4654-af18-a72fda4436ef" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquity"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_80239e89-3974-46de-9de3-983c743fe00b" xlink:to="loc_us-gaap_StockholdersEquity_3f1e586e-f01b-4654-af18-a72fda4436ef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITYParenthetical" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITYParenthetical"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITYParenthetical" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_1f994096-41de-46ab-b7c9-f08f6284d0a3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_f92ed97a-b298-497c-90af-516ed271d3c2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract_1f994096-41de-46ab-b7c9-f08f6284d0a3" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_f92ed97a-b298-497c-90af-516ed271d3c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFCASHFLOWS"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_d9c04b07-c0a6-41e4-b077-22b414bf85ed" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_44920f1b-f305-4c5d-85fc-41d8ddc05e3b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_d9c04b07-c0a6-41e4-b077-22b414bf85ed" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_44920f1b-f305-4c5d-85fc-41d8ddc05e3b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_61fd652c-f0d0-4851-be03-97d151c74d06" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_44920f1b-f305-4c5d-85fc-41d8ddc05e3b" xlink:to="loc_us-gaap_NetIncomeLoss_61fd652c-f0d0-4851-be03-97d151c74d06" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4487f36a-f7cd-4e89-ada6-9c704f47a8ea" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_44920f1b-f305-4c5d-85fc-41d8ddc05e3b" xlink:to="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4487f36a-f7cd-4e89-ada6-9c704f47a8ea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments_1cd84930-b335-4020-9abd-90ea64d3ff3e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4487f36a-f7cd-4e89-ada6-9c704f47a8ea" xlink:to="loc_us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments_1cd84930-b335-4020-9abd-90ea64d3ff3e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_5ab08578-8229-4dab-9edc-b278afa166db" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4487f36a-f7cd-4e89-ada6-9c704f47a8ea" xlink:to="loc_us-gaap_DepreciationAndAmortization_5ab08578-8229-4dab-9edc-b278afa166db" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_8b12f69d-7007-4a68-8618-ef82d84e0ac6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4487f36a-f7cd-4e89-ada6-9c704f47a8ea" xlink:to="loc_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_8b12f69d-7007-4a68-8618-ef82d84e0ac6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToPurchaseLoansHeldForSale_f9d83104-2ecc-400a-999c-c2fe6e2406e0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToPurchaseLoansHeldForSale"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4487f36a-f7cd-4e89-ada6-9c704f47a8ea" xlink:to="loc_us-gaap_PaymentsToPurchaseLoansHeldForSale_f9d83104-2ecc-400a-999c-c2fe6e2406e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfLoansHeldForSale_5f37c80e-94d4-4597-a2ea-ba62f10dfafd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfLoansHeldForSale"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4487f36a-f7cd-4e89-ada6-9c704f47a8ea" xlink:to="loc_us-gaap_ProceedsFromSaleOfLoansHeldForSale_5f37c80e-94d4-4597-a2ea-ba62f10dfafd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromCollectionOfLoansHeldForSale_2f1f27c6-7717-40c5-bdd2-f6b807dd7c8e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromCollectionOfLoansHeldForSale"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4487f36a-f7cd-4e89-ada6-9c704f47a8ea" xlink:to="loc_us-gaap_ProceedsFromCollectionOfLoansHeldForSale_2f1f27c6-7717-40c5-bdd2-f6b807dd7c8e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities_02088953-ed92-4b5d-ba56-aca655182028" xlink:href="rwt-20210331.xsd#rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4487f36a-f7cd-4e89-ada6-9c704f47a8ea" xlink:to="loc_rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities_02088953-ed92-4b5d-ba56-aca655182028" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensation_691f39be-448a-4bc4-906a-71c8f5623dd5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensation"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4487f36a-f7cd-4e89-ada6-9c704f47a8ea" xlink:to="loc_us-gaap_ShareBasedCompensation_691f39be-448a-4bc4-906a-71c8f5623dd5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillImpairmentLoss_e48b056d-18d8-4296-b48d-4f4b308d6f30" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GoodwillImpairmentLoss"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4487f36a-f7cd-4e89-ada6-9c704f47a8ea" xlink:to="loc_us-gaap_GoodwillImpairmentLoss_e48b056d-18d8-4296-b48d-4f4b308d6f30" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MarketValuationAdjustmentsNet_58529534-75df-4a2a-a823-3e6e37d462d8" xlink:href="rwt-20210331.xsd#rwt_MarketValuationAdjustmentsNet"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4487f36a-f7cd-4e89-ada6-9c704f47a8ea" xlink:to="loc_rwt_MarketValuationAdjustmentsNet_58529534-75df-4a2a-a823-3e6e37d462d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnSaleOfInvestments_460a8cfb-4d3e-4118-83b2-5ad1d19991dc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainLossOnSaleOfInvestments"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4487f36a-f7cd-4e89-ada6-9c704f47a8ea" xlink:to="loc_us-gaap_GainLossOnSaleOfInvestments_460a8cfb-4d3e-4118-83b2-5ad1d19991dc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8aa9cbd5-3036-43fa-a31e-28ded9907db7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_44920f1b-f305-4c5d-85fc-41d8ddc05e3b" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8aa9cbd5-3036-43fa-a31e-28ded9907db7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_f26970d2-cff2-440a-ab80-91d6a9b27507" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8aa9cbd5-3036-43fa-a31e-28ded9907db7" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_f26970d2-cff2-440a-ab80-91d6a9b27507" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingLiabilities_f7b308df-7c9b-46df-8b7b-58dc7aa7071e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingLiabilities"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8aa9cbd5-3036-43fa-a31e-28ded9907db7" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingLiabilities_f7b308df-7c9b-46df-8b7b-58dc7aa7071e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9b90833e-47b1-4988-b19f-2ce63261b2a2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_44920f1b-f305-4c5d-85fc-41d8ddc05e3b" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9b90833e-47b1-4988-b19f-2ce63261b2a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_4f8d6b07-ad7a-478c-841b-3e78ac2203ca" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_d9c04b07-c0a6-41e4-b077-22b414bf85ed" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_4f8d6b07-ad7a-478c-841b-3e78ac2203ca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PaymentsForOriginationOfLoansHeldForInvestment_d5f60a3f-0938-4da5-86e6-f49de0889ac6" xlink:href="rwt-20210331.xsd#rwt_PaymentsForOriginationOfLoansHeldForInvestment"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_4f8d6b07-ad7a-478c-841b-3e78ac2203ca" xlink:to="loc_rwt_PaymentsForOriginationOfLoansHeldForInvestment_d5f60a3f-0938-4da5-86e6-f49de0889ac6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfFinanceReceivables_4db8c797-1a8c-4299-9fa6-dc22fcc915e1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfFinanceReceivables"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_4f8d6b07-ad7a-478c-841b-3e78ac2203ca" xlink:to="loc_us-gaap_ProceedsFromSaleOfFinanceReceivables_4db8c797-1a8c-4299-9fa6-dc22fcc915e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromCollectionOfFinanceReceivables_bb0efae5-af34-440d-817a-15ac67223912" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromCollectionOfFinanceReceivables"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_4f8d6b07-ad7a-478c-841b-3e78ac2203ca" xlink:to="loc_us-gaap_ProceedsFromCollectionOfFinanceReceivables_bb0efae5-af34-440d-817a-15ac67223912" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireMarketableSecurities_032912b4-3f4a-4319-8506-f2af79648700" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireMarketableSecurities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_4f8d6b07-ad7a-478c-841b-3e78ac2203ca" xlink:to="loc_us-gaap_PaymentsToAcquireMarketableSecurities_032912b4-3f4a-4319-8506-f2af79648700" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables_69544e35-41ef-48f8-ab02-79ec7d6393c3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_4f8d6b07-ad7a-478c-841b-3e78ac2203ca" xlink:to="loc_us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables_69544e35-41ef-48f8-ab02-79ec7d6393c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_3a28b51b-3907-42e9-9ccb-b61800eb136c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_4f8d6b07-ad7a-478c-841b-3e78ac2203ca" xlink:to="loc_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_3a28b51b-3907-42e9-9ccb-b61800eb136c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ProceedsFromPrincipalRepaymentsOnSecurities_8c93d19d-3e91-4b17-92fa-713a4b86bcf7" xlink:href="rwt-20210331.xsd#rwt_ProceedsFromPrincipalRepaymentsOnSecurities"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_4f8d6b07-ad7a-478c-841b-3e78ac2203ca" xlink:to="loc_rwt_ProceedsFromPrincipalRepaymentsOnSecurities_8c93d19d-3e91-4b17-92fa-713a4b86bcf7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PaymentsForServicingAdvanceInvestments_69fa5b7b-7e70-4a25-9416-5a46cff561bc" xlink:href="rwt-20210331.xsd#rwt_PaymentsForServicingAdvanceInvestments"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_4f8d6b07-ad7a-478c-841b-3e78ac2203ca" xlink:to="loc_rwt_PaymentsForServicingAdvanceInvestments_69fa5b7b-7e70-4a25-9416-5a46cff561bc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RepaymentsOfServicingAdvanceInvestments_cd75f154-8c92-4173-9502-5a0d598318ca" xlink:href="rwt-20210331.xsd#rwt_RepaymentsOfServicingAdvanceInvestments"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_4f8d6b07-ad7a-478c-841b-3e78ac2203ca" xlink:to="loc_rwt_RepaymentsOfServicingAdvanceInvestments_cd75f154-8c92-4173-9502-5a0d598318ca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_594adb56-f9d4-460e-b711-7a3e680fef03" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_4f8d6b07-ad7a-478c-841b-3e78ac2203ca" xlink:to="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_594adb56-f9d4-460e-b711-7a3e680fef03" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_3ba489cb-94b1-44f7-acda-e7431ed8aeb5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_4f8d6b07-ad7a-478c-841b-3e78ac2203ca" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_3ba489cb-94b1-44f7-acda-e7431ed8aeb5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_97809782-c4ba-4c5e-a26c-d59aacfff914" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_d9c04b07-c0a6-41e4-b077-22b414bf85ed" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_97809782-c4ba-4c5e-a26c-d59aacfff914" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromShortTermDebt_63a6c021-62d3-4335-ac7e-7115f218dc6f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromShortTermDebt"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_97809782-c4ba-4c5e-a26c-d59aacfff914" xlink:to="loc_us-gaap_ProceedsFromShortTermDebt_63a6c021-62d3-4335-ac7e-7115f218dc6f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfShortTermDebt_5c0af587-35d2-41ce-9519-d6f852f1e311" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfShortTermDebt"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_97809782-c4ba-4c5e-a26c-d59aacfff914" xlink:to="loc_us-gaap_RepaymentsOfShortTermDebt_5c0af587-35d2-41ce-9519-d6f852f1e311" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfSecuredDebt_22a07099-7a1b-4132-b546-795e0e1a8af6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSecuredDebt"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_97809782-c4ba-4c5e-a26c-d59aacfff914" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfSecuredDebt_22a07099-7a1b-4132-b546-795e0e1a8af6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfSecuredDebt_e91192cb-60fb-4908-9966-f4d51eccd678" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfSecuredDebt"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_97809782-c4ba-4c5e-a26c-d59aacfff914" xlink:to="loc_us-gaap_RepaymentsOfSecuredDebt_e91192cb-60fb-4908-9966-f4d51eccd678" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromOtherDebt_f2b19c98-642e-4bae-a545-eb184657a73b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromOtherDebt"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_97809782-c4ba-4c5e-a26c-d59aacfff914" xlink:to="loc_us-gaap_ProceedsFromOtherDebt_f2b19c98-642e-4bae-a545-eb184657a73b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfOtherDebt_aa16d21c-ad7e-42fb-9eff-79946b595114" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfOtherDebt"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_97809782-c4ba-4c5e-a26c-d59aacfff914" xlink:to="loc_us-gaap_RepaymentsOfOtherDebt_aa16d21c-ad7e-42fb-9eff-79946b595114" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities_24a4cdb6-c0be-4fe6-a6b7-3f8adcfc28ec" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_97809782-c4ba-4c5e-a26c-d59aacfff914" xlink:to="loc_us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities_24a4cdb6-c0be-4fe6-a6b7-3f8adcfc28ec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_f2161797-770d-4f85-9cfa-b64c5093f77b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_97809782-c4ba-4c5e-a26c-d59aacfff914" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_f2161797-770d-4f85-9cfa-b64c5093f77b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_880fc907-dee1-428f-8ab9-c1573ba857ba" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_97809782-c4ba-4c5e-a26c-d59aacfff914" xlink:to="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_880fc907-dee1-428f-8ab9-c1573ba857ba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividends_cc0cb778-2efd-4e45-87ab-8a46f6c002b1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsOfDividends"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_97809782-c4ba-4c5e-a26c-d59aacfff914" xlink:to="loc_us-gaap_PaymentsOfDividends_cc0cb778-2efd-4e45-87ab-8a46f6c002b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_1e46b01e-f730-4cd0-adb7-932bc5e01b58" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_97809782-c4ba-4c5e-a26c-d59aacfff914" xlink:to="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_1e46b01e-f730-4cd0-adb7-932bc5e01b58" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_3b5ea2b0-cbef-4ec9-a8a1-63276eb28d12" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_97809782-c4ba-4c5e-a26c-d59aacfff914" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_3b5ea2b0-cbef-4ec9-a8a1-63276eb28d12" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_13bb908c-b278-46d5-9fc2-308514ae432e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_d9c04b07-c0a6-41e4-b077-22b414bf85ed" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_13bb908c-b278-46d5-9fc2-308514ae432e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_aac372b5-d87f-4604-8fe4-1013ab201e1f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_d9c04b07-c0a6-41e4-b077-22b414bf85ed" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_aac372b5-d87f-4604-8fe4-1013ab201e1f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_66f30038-8cf4-43fb-8bbf-a97d5ec8c0f0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_d9c04b07-c0a6-41e4-b077-22b414bf85ed" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_66f30038-8cf4-43fb-8bbf-a97d5ec8c0f0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract_d337a209-4cba-4d47-9725-415a1a8b16dd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_d9c04b07-c0a6-41e4-b077-22b414bf85ed" xlink:to="loc_us-gaap_SupplementalCashFlowInformationAbstract_d337a209-4cba-4d47-9725-415a1a8b16dd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CashPaidDuringPeriodAbstract_9e8a0ca6-cfa8-4082-ac3a-40d6e5deb55d" xlink:href="rwt-20210331.xsd#rwt_CashPaidDuringPeriodAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_d337a209-4cba-4d47-9725-415a1a8b16dd" xlink:to="loc_rwt_CashPaidDuringPeriodAbstract_9e8a0ca6-cfa8-4082-ac3a-40d6e5deb55d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPaidNet_927477f6-78a8-4b4f-9df2-736a04111167" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestPaidNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_CashPaidDuringPeriodAbstract_9e8a0ca6-cfa8-4082-ac3a-40d6e5deb55d" xlink:to="loc_us-gaap_InterestPaidNet_927477f6-78a8-4b4f-9df2-736a04111167" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxesPaid_1a0f42fd-ed6c-46c2-96f5-6378b5255425" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeTaxesPaid"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_CashPaidDuringPeriodAbstract_9e8a0ca6-cfa8-4082-ac3a-40d6e5deb55d" xlink:to="loc_us-gaap_IncomeTaxesPaid_1a0f42fd-ed6c-46c2-96f5-6378b5255425" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncashInvestingAndFinancingItemsAbstract_87419e0f-8153-42c2-8d6b-145bde86f083" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoncashInvestingAndFinancingItemsAbstract"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_d9c04b07-c0a6-41e4-b077-22b414bf85ed" xlink:to="loc_us-gaap_NoncashInvestingAndFinancingItemsAbstract_87419e0f-8153-42c2-8d6b-145bde86f083" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds_495df632-dad2-4c76-af21-cbe16e5d5f59" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoncashInvestingAndFinancingItemsAbstract_87419e0f-8153-42c2-8d6b-145bde86f083" xlink:to="loc_us-gaap_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds_495df632-dad2-4c76-af21-cbe16e5d5f59" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts_efe0edbd-4f0e-4f79-be1b-f24e5ed05fff" xlink:href="rwt-20210331.xsd#rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoncashInvestingAndFinancingItemsAbstract_87419e0f-8153-42c2-8d6b-145bde86f083" xlink:to="loc_rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts_efe0edbd-4f0e-4f79-be1b-f24e5ed05fff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities_cb4b8792-3c92-4607-84b7-76f7bf283ed9" xlink:href="rwt-20210331.xsd#rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoncashInvestingAndFinancingItemsAbstract_87419e0f-8153-42c2-8d6b-145bde86f083" xlink:to="loc_rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities_cb4b8792-3c92-4607-84b7-76f7bf283ed9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1_3e70d93a-5835-4d1a-ba86-7b2f90402430" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoncashInvestingAndFinancingItemsAbstract_87419e0f-8153-42c2-8d6b-145bde86f083" xlink:to="loc_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1_3e70d93a-5835-4d1a-ba86-7b2f90402430" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1_67ef8b45-a84a-47ae-8693-03ca43b8d95e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoncashInvestingAndFinancingItemsAbstract_87419e0f-8153-42c2-8d6b-145bde86f083" xlink:to="loc_us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1_67ef8b45-a84a-47ae-8693-03ca43b8d95e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransferToOtherRealEstate_7057aa64-062c-4b2f-b5de-0b1dbb47b602" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransferToOtherRealEstate"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoncashInvestingAndFinancingItemsAbstract_87419e0f-8153-42c2-8d6b-145bde86f083" xlink:to="loc_us-gaap_TransferToOtherRealEstate_7057aa64-062c-4b2f-b5de-0b1dbb47b602" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_48fbb6ec-9b84-45b7-9f2b-0d7ef8219894" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoncashInvestingAndFinancingItemsAbstract_87419e0f-8153-42c2-8d6b-145bde86f083" xlink:to="loc_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_48fbb6ec-9b84-45b7-9f2b-0d7ef8219894" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsPayableCurrentAndNoncurrent_751d6ccb-7831-4fd6-93d0-7e02d4a1d44f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DividendsPayableCurrentAndNoncurrent"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoncashInvestingAndFinancingItemsAbstract_87419e0f-8153-42c2-8d6b-145bde86f083" xlink:to="loc_us-gaap_DividendsPayableCurrentAndNoncurrent_751d6ccb-7831-4fd6-93d0-7e02d4a1d44f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueAcquisitions_ee7cd981-5da9-474f-983e-a03f68c4241a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueAcquisitions"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoncashInvestingAndFinancingItemsAbstract_87419e0f-8153-42c2-8d6b-145bde86f083" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueAcquisitions_ee7cd981-5da9-474f-983e-a03f68c4241a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWSPARENTHETICAL" xlink:type="simple" xlink:href="rwt-20210331.xsd#CONSOLIDATEDSTATEMENTSOFCASHFLOWSPARENTHETICAL"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWSPARENTHETICAL" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_04d4ed5d-c146-4bab-ae5c-ddec2f5cb1ac" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_3c8ee8f0-05be-403d-b593-18d52a99cc29" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_04d4ed5d-c146-4bab-ae5c-ddec2f5cb1ac" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_3c8ee8f0-05be-403d-b593-18d52a99cc29" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents_0fdffd8d-94d5-46f9-8285-8313dddac7f3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_04d4ed5d-c146-4bab-ae5c-ddec2f5cb1ac" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalents_0fdffd8d-94d5-46f9-8285-8313dddac7f3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/Organization" xlink:type="simple" xlink:href="rwt-20210331.xsd#Organization"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/Organization" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_a1313b42-3db0-43d4-8d3e-a544596e0ce2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NatureOfOperations_65d715fb-f7d9-41b1-8345-155c64c2a924" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NatureOfOperations"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_a1313b42-3db0-43d4-8d3e-a544596e0ce2" xlink:to="loc_us-gaap_NatureOfOperations_65d715fb-f7d9-41b1-8345-155c64c2a924" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OrganizationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OrganizationDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/OrganizationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_0d518bb3-c89a-463a-b124-cd45e847f500" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfOperatingSegments_b49d3ed3-62e3-4f30-8261-33402b89a195" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NumberOfOperatingSegments"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_0d518bb3-c89a-463a-b124-cd45e847f500" xlink:to="loc_us-gaap_NumberOfOperatingSegments_b49d3ed3-62e3-4f30-8261-33402b89a195" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BasisofPresentation" xlink:type="simple" xlink:href="rwt-20210331.xsd#BasisofPresentation"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/BasisofPresentation" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_afb653fb-40b6-4772-ba32-60b68ac2f1a9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_497000a3-effb-46ab-b92c-4f43383b1e3e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_afb653fb-40b6-4772-ba32-60b68ac2f1a9" xlink:to="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_497000a3-effb-46ab-b92c-4f43383b1e3e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BasisofPresentationTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#BasisofPresentationTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/BasisofPresentationTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_3835b375-bb15-472c-a1e1-42216198711f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock_0b0ca55c-33b0-4512-acdc-5d3b695bc12e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_3835b375-bb15-472c-a1e1-42216198711f" xlink:to="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock_0b0ca55c-33b0-4512-acdc-5d3b695bc12e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock_24c9f280-6c70-4422-bedb-5abafd510a5e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_3835b375-bb15-472c-a1e1-42216198711f" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock_24c9f280-6c70-4422-bedb-5abafd510a5e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#BasisofPresentationNarrativeDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_e394db26-180e-4a59-ac8f-8f81ad6dbc4c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_6b2d83be-ea21-4cd8-854a-4a70d19774ab" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_e394db26-180e-4a59-ac8f-8f81ad6dbc4c" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_6b2d83be-ea21-4cd8-854a-4a70d19774ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_09961413-157d-4941-ab78-32e359d9be47" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_6b2d83be-ea21-4cd8-854a-4a70d19774ab" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_09961413-157d-4941-ab78-32e359d9be47" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_8beea834-293b-4bea-8a1a-0c8f9c2351f2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_09961413-157d-4941-ab78-32e359d9be47" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_8beea834-293b-4bea-8a1a-0c8f9c2351f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_A5ArchesLLCMember_2dcd9c59-f350-43c5-93c4-2088a4b81abc" xlink:href="rwt-20210331.xsd#rwt_A5ArchesLLCMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_8beea834-293b-4bea-8a1a-0c8f9c2351f2" xlink:to="loc_rwt_A5ArchesLLCMember_2dcd9c59-f350-43c5-93c4-2088a4b81abc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CoreVestAmericanFinanceLenderLLCMember_1e4e63ae-4a68-49d0-9d42-905c6b753e13" xlink:href="rwt-20210331.xsd#rwt_CoreVestAmericanFinanceLenderLLCMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_8beea834-293b-4bea-8a1a-0c8f9c2351f2" xlink:to="loc_rwt_CoreVestAmericanFinanceLenderLLCMember_1e4e63ae-4a68-49d0-9d42-905c6b753e13" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_9f259120-2376-4a6f-b71b-cfd56abca2b6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_6b2d83be-ea21-4cd8-854a-4a70d19774ab" xlink:to="loc_us-gaap_VariableInterestEntityLineItems_9f259120-2376-4a6f-b71b-cfd56abca2b6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfPartnershipsConsolidated_86c64960-a11b-44ab-a04c-6057b8edc2dc" xlink:href="rwt-20210331.xsd#rwt_NumberOfPartnershipsConsolidated"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_9f259120-2376-4a6f-b71b-cfd56abca2b6" xlink:to="loc_rwt_NumberOfPartnershipsConsolidated_86c64960-a11b-44ab-a04c-6057b8edc2dc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityOwnershipPercentage_8645a1ed-8161-48e4-b48d-4d8e98acae71" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityOwnershipPercentage"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_9f259120-2376-4a6f-b71b-cfd56abca2b6" xlink:to="loc_us-gaap_VariableInterestEntityOwnershipPercentage_8645a1ed-8161-48e4-b48d-4d8e98acae71" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_b3b452cb-56af-4b03-b4eb-264181c99975" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_9f259120-2376-4a6f-b71b-cfd56abca2b6" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_b3b452cb-56af-4b03-b4eb-264181c99975" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AmortizationofPurchaseRelatedIntangibleAssets_e617b726-dee0-4654-9a2f-6ef6fd4608ae" xlink:href="rwt-20210331.xsd#rwt_AmortizationofPurchaseRelatedIntangibleAssets"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_9f259120-2376-4a6f-b71b-cfd56abca2b6" xlink:to="loc_rwt_AmortizationofPurchaseRelatedIntangibleAssets_e617b726-dee0-4654-9a2f-6ef6fd4608ae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares_f846ff39-caa1-4ab9-b15b-1c151b21cf59" xlink:href="rwt-20210331.xsd#rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_9f259120-2376-4a6f-b71b-cfd56abca2b6" xlink:to="loc_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares_f846ff39-caa1-4ab9-b15b-1c151b21cf59" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities_0f41ad8f-b7f7-4c9b-a664-212d4ffe22b3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_9f259120-2376-4a6f-b71b-cfd56abca2b6" xlink:to="loc_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities_0f41ad8f-b7f7-4c9b-a664-212d4ffe22b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#BasisofPresentationIntangibleAssetsActivityDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_d2174053-676b-4f99-899f-fadd5082fe43" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_171a0b0e-0f19-498e-85e7-b2c257907d3b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_d2174053-676b-4f99-899f-fadd5082fe43" xlink:to="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_171a0b0e-0f19-498e-85e7-b2c257907d3b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_278145ef-7a74-4946-bf89-b03b930d7fbe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_171a0b0e-0f19-498e-85e7-b2c257907d3b" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_278145ef-7a74-4946-bf89-b03b930d7fbe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_0655aafb-ae33-4c83-ac5f-6658f60a4116" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_278145ef-7a74-4946-bf89-b03b930d7fbe" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_0655aafb-ae33-4c83-ac5f-6658f60a4116" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_A5ArchesLLCAndCoreVestMember_685cf037-a66d-4d85-beb8-ace7f94fe9b4" xlink:href="rwt-20210331.xsd#rwt_A5ArchesLLCAndCoreVestMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_0655aafb-ae33-4c83-ac5f-6658f60a4116" xlink:to="loc_rwt_A5ArchesLLCAndCoreVestMember_685cf037-a66d-4d85-beb8-ace7f94fe9b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_fa73925c-08ea-42f7-b56d-a7e0bedbc791" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_171a0b0e-0f19-498e-85e7-b2c257907d3b" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_fa73925c-08ea-42f7-b56d-a7e0bedbc791" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_e48df917-30ce-4cfd-8071-c61de34eff8a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_fa73925c-08ea-42f7-b56d-a7e0bedbc791" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_e48df917-30ce-4cfd-8071-c61de34eff8a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BorrowerNetworkMember_a8dbd640-7b51-442a-8630-5386f6991b24" xlink:href="rwt-20210331.xsd#rwt_BorrowerNetworkMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_e48df917-30ce-4cfd-8071-c61de34eff8a" xlink:to="loc_rwt_BorrowerNetworkMember_a8dbd640-7b51-442a-8630-5386f6991b24" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BrokerNetworkMember_ffae4afb-6796-4caa-bffa-e12df3456ece" xlink:href="rwt-20210331.xsd#rwt_BrokerNetworkMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_e48df917-30ce-4cfd-8071-c61de34eff8a" xlink:to="loc_rwt_BrokerNetworkMember_ffae4afb-6796-4caa-bffa-e12df3456ece" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncompeteAgreementsMember_e6bc353a-aeaa-4963-bdb6-ba24ecc8a6ba" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoncompeteAgreementsMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_e48df917-30ce-4cfd-8071-c61de34eff8a" xlink:to="loc_us-gaap_NoncompeteAgreementsMember_e6bc353a-aeaa-4963-bdb6-ba24ecc8a6ba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradeNamesMember_bf697f20-ea74-4d5f-95ef-51468194decc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradeNamesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_e48df917-30ce-4cfd-8071-c61de34eff8a" xlink:to="loc_us-gaap_TradeNamesMember_bf697f20-ea74-4d5f-95ef-51468194decc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DevelopedTechnologyRightsMember_90beed64-d0c5-4395-9641-41a281d54918" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DevelopedTechnologyRightsMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_e48df917-30ce-4cfd-8071-c61de34eff8a" xlink:to="loc_us-gaap_DevelopedTechnologyRightsMember_90beed64-d0c5-4395-9641-41a281d54918" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ManagementFeeOnExistingAssetsUnderManagementMember_b2130055-55f0-4c9d-9321-d92cafcbba83" xlink:href="rwt-20210331.xsd#rwt_ManagementFeeOnExistingAssetsUnderManagementMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_e48df917-30ce-4cfd-8071-c61de34eff8a" xlink:to="loc_rwt_ManagementFeeOnExistingAssetsUnderManagementMember_b2130055-55f0-4c9d-9321-d92cafcbba83" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_3a3944d7-329e-4ebc-85b8-398911df87c4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_171a0b0e-0f19-498e-85e7-b2c257907d3b" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_3a3944d7-329e-4ebc-85b8-398911df87c4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_014158fc-c369-42b9-ad75-ccd2512453e4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_3a3944d7-329e-4ebc-85b8-398911df87c4" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsNet_014158fc-c369-42b9-ad75-ccd2512453e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_4459bacd-0362-447b-896d-579fff6ef336" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_3a3944d7-329e-4ebc-85b8-398911df87c4" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_4459bacd-0362-447b-896d-579fff6ef336" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_dd029669-bcd4-4f10-ad18-3a1dbc38cfce" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_3a3944d7-329e-4ebc-85b8-398911df87c4" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsNet_dd029669-bcd4-4f10-ad18-3a1dbc38cfce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetUsefulLife_c6da3361-e70c-4b93-818e-5aae9b244f31" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetUsefulLife"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_3a3944d7-329e-4ebc-85b8-398911df87c4" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetUsefulLife_c6da3361-e70c-4b93-818e-5aae9b244f31" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_590be289-5588-4ff4-b3c9-24c62bc86cb9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_2e47a54a-c1be-4c75-ba4a-f9d82f443262" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_590be289-5588-4ff4-b3c9-24c62bc86cb9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_2e47a54a-c1be-4c75-ba4a-f9d82f443262" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_919e4d4d-d910-40e7-a3e4-ce27f7ee682b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_590be289-5588-4ff4-b3c9-24c62bc86cb9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_919e4d4d-d910-40e7-a3e4-ce27f7ee682b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_079e7f88-d5d8-4b7d-949c-5e12809d801f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_590be289-5588-4ff4-b3c9-24c62bc86cb9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_079e7f88-d5d8-4b7d-949c-5e12809d801f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_272dc54d-40df-4a3e-a6c8-a252f685c5d7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_590be289-5588-4ff4-b3c9-24c62bc86cb9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_272dc54d-40df-4a3e-a6c8-a252f685c5d7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter_47958bcf-613d-40a9-a798-23880b39d5b4" xlink:href="rwt-20210331.xsd#rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_590be289-5588-4ff4-b3c9-24c62bc86cb9" xlink:to="loc_rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter_47958bcf-613d-40a9-a798-23880b39d5b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_30fcbf86-118b-4215-9cea-4b087fd1d07a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_590be289-5588-4ff4-b3c9-24c62bc86cb9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsNet_30fcbf86-118b-4215-9cea-4b087fd1d07a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPolicies" xlink:type="simple" xlink:href="rwt-20210331.xsd#SummaryofSignificantAccountingPolicies"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPolicies" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_24305f57-5e1c-4162-84db-12e4ee4c7673" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SignificantAccountingPoliciesTextBlock_ff90182d-203b-472b-9eb9-9dd9a329b96e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_24305f57-5e1c-4162-84db-12e4ee4c7673" xlink:to="loc_us-gaap_SignificantAccountingPoliciesTextBlock_ff90182d-203b-472b-9eb9-9dd9a329b96e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesPolicies" xlink:type="simple" xlink:href="rwt-20210331.xsd#SummaryofSignificantAccountingPoliciesPolicies"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesPolicies" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_502e75e7-d96e-477a-a5ba-d31e251690d1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_dbcb41aa-3ced-42ea-b3e4-b0265ac58393" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_502e75e7-d96e-477a-a5ba-d31e251690d1" xlink:to="loc_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_dbcb41aa-3ced-42ea-b3e4-b0265ac58393" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConsolidationPolicyTextBlock_3d2691c7-cf8b-4aa1-a052-4483a69613d0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_502e75e7-d96e-477a-a5ba-d31e251690d1" xlink:to="loc_us-gaap_ConsolidationPolicyTextBlock_3d2691c7-cf8b-4aa1-a052-4483a69613d0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UseOfEstimates_c571a792-e655-4cf1-9b47-0d5d88f95907" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UseOfEstimates"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_502e75e7-d96e-477a-a5ba-d31e251690d1" xlink:to="loc_us-gaap_UseOfEstimates_c571a792-e655-4cf1-9b47-0d5d88f95907" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_0302b758-c710-4300-bbec-7bf7c4535f24" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_502e75e7-d96e-477a-a5ba-d31e251690d1" xlink:to="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_0302b758-c710-4300-bbec-7bf7c4535f24" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BalanceSheetNettingPolicyTextBlock_d1a8c049-cc2e-4663-971f-d75e716f6bfa" xlink:href="rwt-20210331.xsd#rwt_BalanceSheetNettingPolicyTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_502e75e7-d96e-477a-a5ba-d31e251690d1" xlink:to="loc_rwt_BalanceSheetNettingPolicyTextBlock_d1a8c049-cc2e-4663-971f-d75e716f6bfa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#SummaryofSignificantAccountingPoliciesTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_c6ccec18-d2d0-4e0c-ad92-7544cc5e4dbe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OffsettingAssetAndLiabilitiesTableTextBlock_3dbf1fa8-bde1-4d17-a703-208c0f5a05c1" xlink:href="rwt-20210331.xsd#rwt_OffsettingAssetAndLiabilitiesTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_c6ccec18-d2d0-4e0c-ad92-7544cc5e4dbe" xlink:to="loc_rwt_OffsettingAssetAndLiabilitiesTableTextBlock_3dbf1fa8-bde1-4d17-a703-208c0f5a05c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_fe2b855b-f57a-411f-bea5-9e46748b1026" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OffsettingAssetAndLiabilitiesTable_6990e6e5-7c01-49d2-af78-df33a90bbcf1" xlink:href="rwt-20210331.xsd#rwt_OffsettingAssetAndLiabilitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_fe2b855b-f57a-411f-bea5-9e46748b1026" xlink:to="loc_rwt_OffsettingAssetAndLiabilitiesTable_6990e6e5-7c01-49d2-af78-df33a90bbcf1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_3f057e76-fd27-41b9-8973-526567aeeaa8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_OffsettingAssetAndLiabilitiesTable_6990e6e5-7c01-49d2-af78-df33a90bbcf1" xlink:to="loc_us-gaap_FinancialInstrumentAxis_3f057e76-fd27-41b9-8973-526567aeeaa8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2971f49d-dbc4-4a9b-9f55-8a4ea3fb0994" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_3f057e76-fd27-41b9-8973-526567aeeaa8" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2971f49d-dbc4-4a9b-9f55-8a4ea3fb0994" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwapMember_f6737a1d-8521-42be-a3e9-a2e3de7ae1ce" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestRateSwapMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2971f49d-dbc4-4a9b-9f55-8a4ea3fb0994" xlink:to="loc_us-gaap_InterestRateSwapMember_f6737a1d-8521-42be-a3e9-a2e3de7ae1ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ToBeAnnouncedContractsMember_f584690e-4044-4337-aad4-e5ae89a5ea8c" xlink:href="rwt-20210331.xsd#rwt_ToBeAnnouncedContractsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2971f49d-dbc4-4a9b-9f55-8a4ea3fb0994" xlink:to="loc_rwt_ToBeAnnouncedContractsMember_f584690e-4044-4337-aad4-e5ae89a5ea8c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FutureMember_6f55c803-d3f3-4403-9727-344098d099e9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FutureMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2971f49d-dbc4-4a9b-9f55-8a4ea3fb0994" xlink:to="loc_us-gaap_FutureMember_6f55c803-d3f3-4403-9727-344098d099e9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestRateAgreementTBAsAndFuturesMember_8e6c1066-15ef-428b-8a3a-38f68cdc20fc" xlink:href="rwt-20210331.xsd#rwt_InterestRateAgreementTBAsAndFuturesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2971f49d-dbc4-4a9b-9f55-8a4ea3fb0994" xlink:to="loc_rwt_InterestRateAgreementTBAsAndFuturesMember_8e6c1066-15ef-428b-8a3a-38f68cdc20fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WarehouseAgreementBorrowingsMember_f01d73bd-6c60-422b-8369-f3eb4f264e33" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WarehouseAgreementBorrowingsMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2971f49d-dbc4-4a9b-9f55-8a4ea3fb0994" xlink:to="loc_us-gaap_WarehouseAgreementBorrowingsMember_f01d73bd-6c60-422b-8369-f3eb4f264e33" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepurchaseAgreementsMember_a198ecc8-a4f3-4466-bbdd-f1e7ab40fa97" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepurchaseAgreementsMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2971f49d-dbc4-4a9b-9f55-8a4ea3fb0994" xlink:to="loc_us-gaap_RepurchaseAgreementsMember_a198ecc8-a4f3-4466-bbdd-f1e7ab40fa97" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OffsettingAssetAndLiabilitiesLineItems_d9558ec7-7681-4ef5-8dac-f370dc4177f7" xlink:href="rwt-20210331.xsd#rwt_OffsettingAssetAndLiabilitiesLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_OffsettingAssetAndLiabilitiesTable_6990e6e5-7c01-49d2-af78-df33a90bbcf1" xlink:to="loc_rwt_OffsettingAssetAndLiabilitiesLineItems_d9558ec7-7681-4ef5-8dac-f370dc4177f7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssetsAbstract_bf5e084c-12f1-42cb-81dd-82c78d21bc25" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssetsAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_OffsettingAssetAndLiabilitiesLineItems_d9558ec7-7681-4ef5-8dac-f370dc4177f7" xlink:to="loc_us-gaap_DerivativeAssetsAbstract_bf5e084c-12f1-42cb-81dd-82c78d21bc25" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeAsset_f0e53bcf-41cb-487b-9d7f-8ff50fe08ae3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeAsset"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeAssetsAbstract_bf5e084c-12f1-42cb-81dd-82c78d21bc25" xlink:to="loc_us-gaap_DerivativeFairValueOfDerivativeAsset_f0e53bcf-41cb-487b-9d7f-8ff50fe08ae3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssetFairValueGrossLiability_77b54c70-c167-479f-9551-889e50be3b56" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssetFairValueGrossLiability"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeAssetsAbstract_bf5e084c-12f1-42cb-81dd-82c78d21bc25" xlink:to="loc_us-gaap_DerivativeAssetFairValueGrossLiability_77b54c70-c167-479f-9551-889e50be3b56" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets_3ddabf49-1849-42cb-9f16-de3b5b44f4e9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssets"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeAssetsAbstract_bf5e084c-12f1-42cb-81dd-82c78d21bc25" xlink:to="loc_us-gaap_DerivativeAssets_3ddabf49-1849-42cb-9f16-de3b5b44f4e9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralObligationToReturnSecurities_132aa9f5-2ab8-49a7-93c8-0ced709af504" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralObligationToReturnSecurities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeAssetsAbstract_bf5e084c-12f1-42cb-81dd-82c78d21bc25" xlink:to="loc_us-gaap_DerivativeCollateralObligationToReturnSecurities_132aa9f5-2ab8-49a7-93c8-0ced709af504" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralObligationToReturnCash_cf5f3f3e-4f25-4c27-a3d2-e1cc2fbc375c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralObligationToReturnCash"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeAssetsAbstract_bf5e084c-12f1-42cb-81dd-82c78d21bc25" xlink:to="loc_us-gaap_DerivativeCollateralObligationToReturnCash_cf5f3f3e-4f25-4c27-a3d2-e1cc2fbc375c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_59df630d-b2e3-4feb-84d6-3b28ed62b6dd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeAssetsAbstract_bf5e084c-12f1-42cb-81dd-82c78d21bc25" xlink:to="loc_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_59df630d-b2e3-4feb-84d6-3b28ed62b6dd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitiesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_OffsettingAssetAndLiabilitiesLineItems_d9558ec7-7681-4ef5-8dac-f370dc4177f7" xlink:to="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeLiability_e0dac061-24ee-4ed7-800c-837c355bb693" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiability"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:to="loc_us-gaap_DerivativeFairValueOfDerivativeLiability_e0dac061-24ee-4ed7-800c-837c355bb693" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilityFairValueGrossAsset_64fad2b7-a142-4de9-a467-21d2dfe47316" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilityFairValueGrossAsset"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:to="loc_us-gaap_DerivativeLiabilityFairValueGrossAsset_64fad2b7-a142-4de9-a467-21d2dfe47316" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_de359fa2-c48a-4d90-baac-2cd7befea735" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:to="loc_us-gaap_DerivativeLiabilities_de359fa2-c48a-4d90-baac-2cd7befea735" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralRightToReclaimSecurities_17f36d9a-96cf-45e2-86ed-5a3a0d06d7b4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimSecurities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:to="loc_us-gaap_DerivativeCollateralRightToReclaimSecurities_17f36d9a-96cf-45e2-86ed-5a3a0d06d7b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCollateralRightToReclaimCash_68c17ee1-ef49-4e3b-a8f7-60d213bf7708" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimCash"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:to="loc_us-gaap_DerivativeCollateralRightToReclaimCash_68c17ee1-ef49-4e3b-a8f7-60d213bf7708" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_3a47509e-1a7b-4270-a4aa-46402bc489b5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:to="loc_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_3a47509e-1a7b-4270-a4aa-46402bc489b5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_51475bcd-42cb-40e7-ab37-6b75d7c42d97" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_51475bcd-42cb-40e7-ab37-6b75d7c42d97" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross_db8edc75-85f0-4d41-a50c-1d0deaa9fbbe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_51475bcd-42cb-40e7-ab37-6b75d7c42d97" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross_db8edc75-85f0-4d41-a50c-1d0deaa9fbbe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset_9d65439e-a31f-40f8-a48e-52c2a71efa36" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_51475bcd-42cb-40e7-ab37-6b75d7c42d97" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset_9d65439e-a31f-40f8-a48e-52c2a71efa36" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_d540c7a9-9e79-40e2-ae70-8a43527593cf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchase"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_51475bcd-42cb-40e7-ab37-6b75d7c42d97" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_d540c7a9-9e79-40e2-ae70-8a43527593cf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities_d3e17149-1ccd-4d88-a51e-368164c4d4c3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_51475bcd-42cb-40e7-ab37-6b75d7c42d97" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities_d3e17149-1ccd-4d88-a51e-368164c4d4c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash_4b9eb1cf-aa63-471a-8972-745261216040" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_51475bcd-42cb-40e7-ab37-6b75d7c42d97" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash_4b9eb1cf-aa63-471a-8972-745261216040" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral_75a508b6-ff49-4565-b268-311fa2642d84" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract_51475bcd-42cb-40e7-ab37-6b75d7c42d97" xlink:to="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral_75a508b6-ff49-4565-b268-311fa2642d84" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_87aab59f-ca00-4eef-9e7b-b4f883a1ce59" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLiabilitiesAbstract_8458e19b-4bc0-4b12-9ef0-00408cd3bed9" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_87aab59f-ca00-4eef-9e7b-b4f883a1ce59" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross_29f51a71-bdf0-4923-84ab-b22f779495f7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_87aab59f-ca00-4eef-9e7b-b4f883a1ce59" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross_29f51a71-bdf0-4923-84ab-b22f779495f7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset_bbb0ad53-7089-42ed-8846-3935b4f1de0c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_87aab59f-ca00-4eef-9e7b-b4f883a1ce59" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset_bbb0ad53-7089-42ed-8846-3935b4f1de0c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned_a840fb04-554e-4609-91f6-071cde08caa3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_87aab59f-ca00-4eef-9e7b-b4f883a1ce59" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned_a840fb04-554e-4609-91f6-071cde08caa3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities_f51b92a9-b2a9-4bb6-b0c5-5a08c40c3bec" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_87aab59f-ca00-4eef-9e7b-b4f883a1ce59" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities_f51b92a9-b2a9-4bb6-b0c5-5a08c40c3bec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash_ec211595-5b52-4033-aea1-0a9ebcbc22cc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_87aab59f-ca00-4eef-9e7b-b4f883a1ce59" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash_ec211595-5b52-4033-aea1-0a9ebcbc22cc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral_fa777a6c-cf6d-4980-a6db-613a281ded69" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract_87aab59f-ca00-4eef-9e7b-b4f883a1ce59" xlink:to="loc_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral_fa777a6c-cf6d-4980-a6db-613a281ded69" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails_1" xlink:type="simple" xlink:href="rwt-20210331.xsd#SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails_1"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails_1" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidation" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidation"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidation" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_c016c836-ae54-4a29-9569-ec0de886f963" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityDisclosureTextBlock_b3987e0b-3080-402e-9a70-69950c1e91c4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_c016c836-ae54-4a29-9569-ec0de886f963" xlink:to="loc_us-gaap_VariableInterestEntityDisclosureTextBlock_b3987e0b-3080-402e-9a70-69950c1e91c4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_b833bfd7-d971-4b31-9347-49103e05277d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_8c32bd6c-64c4-4e31-bb96-af4bbad8be7e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_b833bfd7-d971-4b31-9347-49103e05277d" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_8c32bd6c-64c4-4e31-bb96-af4bbad8be7e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock_266e7c16-1d44-4aed-a258-dba2b7d02dd7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_b833bfd7-d971-4b31-9347-49103e05277d" xlink:to="loc_us-gaap_ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock_266e7c16-1d44-4aed-a258-dba2b7d02dd7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock_ed400001-be45-498d-9344-62154e88e6ce" xlink:href="rwt-20210331.xsd#rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_b833bfd7-d971-4b31-9347-49103e05277d" xlink:to="loc_rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock_ed400001-be45-498d-9344-62154e88e6ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock_dca62ff7-7ba5-4a06-ac47-bd31c109366c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_b833bfd7-d971-4b31-9347-49103e05277d" xlink:to="loc_us-gaap_ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock_dca62ff7-7ba5-4a06-ac47-bd31c109366c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock_88270497-f932-42d7-bb61-00b325245b45" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_b833bfd7-d971-4b31-9347-49103e05277d" xlink:to="loc_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock_88270497-f932-42d7-bb61-00b325245b45" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock_a9b3eed4-c9a5-4fdf-baaf-fc5d2cdc7b2d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_b833bfd7-d971-4b31-9347-49103e05277d" xlink:to="loc_us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock_a9b3eed4-c9a5-4fdf-baaf-fc5d2cdc7b2d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock_bb5092e6-37d8-43a1-8904-111cabf93600" xlink:href="rwt-20210331.xsd#rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_b833bfd7-d971-4b31-9347-49103e05277d" xlink:to="loc_rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock_bb5092e6-37d8-43a1-8904-111cabf93600" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_be8b4d13-1d66-4702-8edd-b58628a4ee6f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_2e5da91c-342a-47f7-93cb-46583ab33de7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_be8b4d13-1d66-4702-8edd-b58628a4ee6f" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_2e5da91c-342a-47f7-93cb-46583ab33de7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_39878a94-985f-43f2-8047-0b2c7cf2d443" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_2e5da91c-342a-47f7-93cb-46583ab33de7" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_39878a94-985f-43f2-8047-0b2c7cf2d443" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_42d92888-f315-470a-a81e-918275c090c9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_39878a94-985f-43f2-8047-0b2c7cf2d443" xlink:to="loc_us-gaap_RelatedPartyDomain_42d92888-f315-470a-a81e-918275c090c9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_092020e6-669c-4642-8661-25c3e2ee27e9" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_42d92888-f315-470a-a81e-918275c090c9" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_092020e6-669c-4642-8661-25c3e2ee27e9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_645f8008-7af4-4db5-bc98-755c85e5b856" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_42d92888-f315-470a-a81e-918275c090c9" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_645f8008-7af4-4db5-bc98-755c85e5b856" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_0d7b70ca-c613-48a4-85c3-238fff050eb0" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_42d92888-f315-470a-a81e-918275c090c9" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_0d7b70ca-c613-48a4-85c3-238fff050eb0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_f31b14de-3b24-4cdf-a7f6-b674df7011c4" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_42d92888-f315-470a-a81e-918275c090c9" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_f31b14de-3b24-4cdf-a7f6-b674df7011c4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_30e213e4-8036-444d-b60e-2c24bfcb05ec" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_42d92888-f315-470a-a81e-918275c090c9" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_30e213e4-8036-444d-b60e-2c24bfcb05ec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessServicingEntitiesMember_e09b15bf-810b-475e-9088-348940bb523f" xlink:href="rwt-20210331.xsd#rwt_ExcessServicingEntitiesMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_42d92888-f315-470a-a81e-918275c090c9" xlink:to="loc_rwt_ExcessServicingEntitiesMember_e09b15bf-810b-475e-9088-348940bb523f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_2886efe6-b839-407e-8cb4-7edb4f85f59c" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_2e5da91c-342a-47f7-93cb-46583ab33de7" xlink:to="loc_srt_ConsolidatedEntitiesAxis_2886efe6-b839-407e-8cb4-7edb4f85f59c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_df8e6793-6a01-4ba4-86f1-e072a30d177a" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_2886efe6-b839-407e-8cb4-7edb4f85f59c" xlink:to="loc_srt_ConsolidatedEntitiesDomain_df8e6793-6a01-4ba4-86f1-e072a30d177a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_0810e92a-52bf-46e4-af6a-52a8881a922e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_df8e6793-6a01-4ba4-86f1-e072a30d177a" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_0810e92a-52bf-46e4-af6a-52a8881a922e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_9ddaca52-fe6c-422f-becb-9f7ca613a8b8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_df8e6793-6a01-4ba4-86f1-e072a30d177a" xlink:to="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_9ddaca52-fe6c-422f-becb-9f7ca613a8b8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_2e5da91c-342a-47f7-93cb-46583ab33de7" xlink:to="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsNet_2d0883a8-b719-44d1-9662-69e507932fff" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_us-gaap_AssetsNet_2d0883a8-b719-44d1-9662-69e507932fff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfPartnershipsConsolidated_3f19aa13-2c92-4f7a-bb74-341577c66ca0" xlink:href="rwt-20210331.xsd#rwt_NumberOfPartnershipsConsolidated"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_rwt_NumberOfPartnershipsConsolidated_3f19aa13-2c92-4f7a-bb74-341577c66ca0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityOwnershipPercentage_1a3cc2c7-ce8b-427b-a166-a05f81cf5f41" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityOwnershipPercentage"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_us-gaap_VariableInterestEntityOwnershipPercentage_1a3cc2c7-ce8b-427b-a166-a05f81cf5f41" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_f2f2a9d8-a453-4a7e-bbe6-7309bde23915" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_us-gaap_ServicingAssetAtFairValueAmount_f2f2a9d8-a453-4a7e-bbe6-7309bde23915" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost_d9dfe15e-5b9e-4951-b336-9e93045f395a" xlink:href="rwt-20210331.xsd#rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost_d9dfe15e-5b9e-4951-b336-9e93045f395a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred_eeece583-a7ee-4ebe-b6d3-8146fe575afe" xlink:href="rwt-20210331.xsd#rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred_eeece583-a7ee-4ebe-b6d3-8146fe575afe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased_cbdd1238-9911-479d-a842-0525701652cb" xlink:href="rwt-20210331.xsd#rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased_cbdd1238-9911-479d-a842-0525701652cb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnSecuritizationOfFinancialAssets_000cbd52-234d-4909-ac64-8c807e9192d3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainLossOnSecuritizationOfFinancialAssets"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_us-gaap_GainLossOnSecuritizationOfFinancialAssets_000cbd52-234d-4909-ac64-8c807e9192d3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansHeldForSaleFairValueDisclosure_3154c1c5-5b74-4cdc-a305-561964a90b62" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansHeldForSaleFairValueDisclosure"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_67caefcf-0fe6-4b5b-ab04-630f2fdb2a4f" xlink:to="loc_us-gaap_LoansHeldForSaleFairValueDisclosure_3154c1c5-5b74-4cdc-a305-561964a90b62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_3fe6462d-b310-4a1a-bcf1-80c26a3d6ed8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_16a0957e-9c90-4793-afa7-874234a4bb31" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_3fe6462d-b310-4a1a-bcf1-80c26a3d6ed8" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_16a0957e-9c90-4793-afa7-874234a4bb31" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_4c2badea-7538-4ee1-958d-6f41c45a5adc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_16a0957e-9c90-4793-afa7-874234a4bb31" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_4c2badea-7538-4ee1-958d-6f41c45a5adc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_15fe6ed9-41e2-4983-a5e7-ee8969bed991" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_4c2badea-7538-4ee1-958d-6f41c45a5adc" xlink:to="loc_us-gaap_RelatedPartyDomain_15fe6ed9-41e2-4983-a5e7-ee8969bed991" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_0730db2c-4515-4ab6-a6c9-d56b22c42ad2" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_15fe6ed9-41e2-4983-a5e7-ee8969bed991" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_0730db2c-4515-4ab6-a6c9-d56b22c42ad2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_c0f764fc-a6c7-4ada-b55f-2a2782f27700" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_15fe6ed9-41e2-4983-a5e7-ee8969bed991" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_c0f764fc-a6c7-4ada-b55f-2a2782f27700" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_44d7b2dd-7cfe-478d-92d5-0d1d833244cc" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_15fe6ed9-41e2-4983-a5e7-ee8969bed991" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_44d7b2dd-7cfe-478d-92d5-0d1d833244cc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_1e61487a-ecc3-4601-a509-96dac37ac9fa" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_15fe6ed9-41e2-4983-a5e7-ee8969bed991" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_1e61487a-ecc3-4601-a509-96dac37ac9fa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_8013eacc-0608-439e-908e-7465966aee1c" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_15fe6ed9-41e2-4983-a5e7-ee8969bed991" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_8013eacc-0608-439e-908e-7465966aee1c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessServicingEntitiesMember_04c15622-70fe-4866-8650-8d99196c881e" xlink:href="rwt-20210331.xsd#rwt_ExcessServicingEntitiesMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_15fe6ed9-41e2-4983-a5e7-ee8969bed991" xlink:to="loc_rwt_ExcessServicingEntitiesMember_04c15622-70fe-4866-8650-8d99196c881e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_df245e4c-8e69-4ca8-b04e-886dcf770892" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_16a0957e-9c90-4793-afa7-874234a4bb31" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_df245e4c-8e69-4ca8-b04e-886dcf770892" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f05e5f98-3533-451a-b8df-df49b0e81a2e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_df245e4c-8e69-4ca8-b04e-886dcf770892" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f05e5f98-3533-451a-b8df-df49b0e81a2e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentMember_d1b2314d-bb90-49cf-9c57-94bcdc86887c" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f05e5f98-3533-451a-b8df-df49b0e81a2e" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentMember_d1b2314d-bb90-49cf-9c57-94bcdc86887c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember_276da8c9-fbe9-4592-80da-d7bb154f4530" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f05e5f98-3533-451a-b8df-df49b0e81a2e" xlink:to="loc_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember_276da8c9-fbe9-4592-80da-d7bb154f4530" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansHeldforInvestmentMember_cf90b674-ed79-4bfd-abe9-79dd915c92c6" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansHeldforInvestmentMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f05e5f98-3533-451a-b8df-df49b0e81a2e" xlink:to="loc_rwt_MultifamilyLoansHeldforInvestmentMember_cf90b674-ed79-4bfd-abe9-79dd915c92c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_2363ff98-58f6-4e34-b769-049f8cf40c1f" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_16a0957e-9c90-4793-afa7-874234a4bb31" xlink:to="loc_srt_ConsolidatedEntitiesAxis_2363ff98-58f6-4e34-b769-049f8cf40c1f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_9292256a-3735-4bfc-9553-8422a40c2f81" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_2363ff98-58f6-4e34-b769-049f8cf40c1f" xlink:to="loc_srt_ConsolidatedEntitiesDomain_9292256a-3735-4bfc-9553-8422a40c2f81" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_6d1ace43-bd6f-479a-a6a4-2be54873692e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_9292256a-3735-4bfc-9553-8422a40c2f81" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_6d1ace43-bd6f-479a-a6a4-2be54873692e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_16a0957e-9c90-4793-afa7-874234a4bb31" xlink:to="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_2e2b06fd-5be1-4ecd-9da8-b0782399c048" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_NotesReceivableNet_2e2b06fd-5be1-4ecd-9da8-b0782399c048" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestments_b542fdf1-d0c2-4750-84da-7b8c946bbd5f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherInvestments"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_OtherInvestments_b542fdf1-d0c2-4750-84da-7b8c946bbd5f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_42c10468-d694-4d6f-928a-c4a9e502c3f7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_42c10468-d694-4d6f-928a-c4a9e502c3f7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents_c5ab9cb1-51ab-42e6-804b-bbead134bb87" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalents_c5ab9cb1-51ab-42e6-804b-bbead134bb87" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestReceivable_638a05d4-5597-4824-aab3-451ecfb56882" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestReceivable"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_InterestReceivable_638a05d4-5597-4824-aab3-451ecfb56882" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets_514ec377-62e8-42c7-83e3-23691884dd2d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssets"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_OtherAssets_514ec377-62e8-42c7-83e3-23691884dd2d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_d6f79397-371e-4f9a-9994-64bba2d2dc68" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Assets"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_Assets_d6f79397-371e-4f9a-9994-64bba2d2dc68" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermBorrowings_c5f04786-77d5-4a45-8fee-594852238176" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermBorrowings"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_ShortTermBorrowings_c5f04786-77d5-4a45-8fee-594852238176" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPayableCurrentAndNoncurrent_eb02dc7d-63f3-42b2-8e88-814277824664" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestPayableCurrentAndNoncurrent"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_InterestPayableCurrentAndNoncurrent_eb02dc7d-63f3-42b2-8e88-814277824664" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_2ce00679-cd38-4a03-9fa9-9cd9a271ce72" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_2ce00679-cd38-4a03-9fa9-9cd9a271ce72" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuredDebt_d96a796c-b696-4c6f-8d80-17a546c942c2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuredDebt"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_SecuredDebt_d96a796c-b696-4c6f-8d80-17a546c942c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_1abf7f0f-a43b-4e22-9e72-e4c32d3d61a3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Liabilities"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_us-gaap_Liabilities_1abf7f0f-a43b-4e22-9e72-e4c32d3d61a3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated_a5dd2801-bd15-492f-9f6d-893d461628a1" xlink:href="rwt-20210331.xsd#rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0a5f06e1-5cfe-4640-92e0-92a1e004a35e" xlink:to="loc_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated_a5dd2801-bd15-492f-9f6d-893d461628a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_64b2381d-dd2b-4983-961a-b4ac21255f02" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_b80ca7d5-6225-456c-b3a3-070b4c1a81fa" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_64b2381d-dd2b-4983-961a-b4ac21255f02" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_b80ca7d5-6225-456c-b3a3-070b4c1a81fa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_b628db05-7002-4c17-9000-bbaa6cd7f12f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_b80ca7d5-6225-456c-b3a3-070b4c1a81fa" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_b628db05-7002-4c17-9000-bbaa6cd7f12f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_688134a8-e578-425e-90f4-cdd88fd9e120" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_b628db05-7002-4c17-9000-bbaa6cd7f12f" xlink:to="loc_us-gaap_RelatedPartyDomain_688134a8-e578-425e-90f4-cdd88fd9e120" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_6a3917f9-3537-4bbb-a7f8-c434f155b0b3" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_688134a8-e578-425e-90f4-cdd88fd9e120" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_6a3917f9-3537-4bbb-a7f8-c434f155b0b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_f7d5e18f-eedc-4ffe-8069-6f041d8713b1" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_688134a8-e578-425e-90f4-cdd88fd9e120" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_f7d5e18f-eedc-4ffe-8069-6f041d8713b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_bc58edc6-833e-4d3e-9818-bad30cc6caa2" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_688134a8-e578-425e-90f4-cdd88fd9e120" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_bc58edc6-833e-4d3e-9818-bad30cc6caa2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_fae5c299-beb5-4455-9e3e-a419bff7b943" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_688134a8-e578-425e-90f4-cdd88fd9e120" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_fae5c299-beb5-4455-9e3e-a419bff7b943" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_d40ebe43-5adb-473c-b285-c8a85a91816c" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_688134a8-e578-425e-90f4-cdd88fd9e120" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_d40ebe43-5adb-473c-b285-c8a85a91816c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessServicingEntitiesMember_4a2a6b8d-aaae-4b4d-bea1-3c5e77e5d1a7" xlink:href="rwt-20210331.xsd#rwt_ExcessServicingEntitiesMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_688134a8-e578-425e-90f4-cdd88fd9e120" xlink:to="loc_rwt_ExcessServicingEntitiesMember_4a2a6b8d-aaae-4b4d-bea1-3c5e77e5d1a7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_e965c8a7-8fe8-4dcd-a625-8076bafe7395" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_b80ca7d5-6225-456c-b3a3-070b4c1a81fa" xlink:to="loc_srt_ConsolidatedEntitiesAxis_e965c8a7-8fe8-4dcd-a625-8076bafe7395" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_26d24824-921d-4d7f-b666-b25729fdc5cd" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_e965c8a7-8fe8-4dcd-a625-8076bafe7395" xlink:to="loc_srt_ConsolidatedEntitiesDomain_26d24824-921d-4d7f-b666-b25729fdc5cd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3b7a0fd1-55cc-4623-a3ef-f4e0e8febebe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_26d24824-921d-4d7f-b666-b25729fdc5cd" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3b7a0fd1-55cc-4623-a3ef-f4e0e8febebe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_b80ca7d5-6225-456c-b3a3-070b4c1a81fa" xlink:to="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperating_bd2344ca-b593-4680-baa3-88ce07496e43" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:to="loc_us-gaap_InterestAndDividendIncomeOperating_bd2344ca-b593-4680-baa3-88ce07496e43" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_cd374b49-72d7-4898-a315-9b74bffc9b47" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:to="loc_us-gaap_InterestExpense_cd374b49-72d7-4898-a315-9b74bffc9b47" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeExpenseNet_5612d8e5-b7e9-475b-9c49-497725f7c27f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeExpenseNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:to="loc_us-gaap_InterestIncomeExpenseNet_5612d8e5-b7e9-475b-9c49-497725f7c27f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnInvestments_786493ef-afaf-4a6d-a2fa-d1f5d789e932" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestments"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:to="loc_us-gaap_UnrealizedGainLossOnInvestments_786493ef-afaf-4a6d-a2fa-d1f5d789e932" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoninterestIncome_b5d3482e-f550-4be9-b8fb-d3f3da2ab405" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoninterestIncome"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:to="loc_us-gaap_NoninterestIncome_b5d3482e-f550-4be9-b8fb-d3f3da2ab405" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_e975847b-f220-44f0-8604-c3d60ad06226" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_e975847b-f220-44f0-8604-c3d60ad06226" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonrecurringIncomeExpense_b5e82be4-6aa4-47cd-ae2e-a70c19d1bbba" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherNonrecurringIncomeExpense"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:to="loc_us-gaap_OtherNonrecurringIncomeExpense_b5e82be4-6aa4-47cd-ae2e-a70c19d1bbba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_8526854a-d832-422d-ad77-ae26e8ccd7f2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_6ff371da-4a11-4d86-b9ae-cdf5e4a5e9c5" xlink:to="loc_us-gaap_NetIncomeLoss_8526854a-d832-422d-ad77-ae26e8ccd7f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_6d2294be-b00a-4fa6-8760-9de2becc28a5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_21039a0e-372b-4453-8f70-0b5ec29cd1ab" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_6d2294be-b00a-4fa6-8760-9de2becc28a5" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_21039a0e-372b-4453-8f70-0b5ec29cd1ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_a6a1f15a-a446-400f-86fa-27cf5a979395" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_21039a0e-372b-4453-8f70-0b5ec29cd1ab" xlink:to="loc_us-gaap_InvestmentTypeAxis_a6a1f15a-a446-400f-86fa-27cf5a979395" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_c44522d7-716c-48b1-b285-60ea31eff074" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_a6a1f15a-a446-400f-86fa-27cf5a979395" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_c44522d7-716c-48b1-b285-60ea31eff074" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TradingSecuritiesMember_7866ca11-756f-4dda-b687-a65bf9949cc8" xlink:href="rwt-20210331.xsd#rwt_TradingSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_c44522d7-716c-48b1-b285-60ea31eff074" xlink:to="loc_rwt_TradingSecuritiesMember_7866ca11-756f-4dda-b687-a65bf9949cc8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableforsaleSecuritiesMember_e1bde0e1-6230-4170-b7bc-f424ba4bc3a6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableforsaleSecuritiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_c44522d7-716c-48b1-b285-60ea31eff074" xlink:to="loc_us-gaap_AvailableforsaleSecuritiesMember_e1bde0e1-6230-4170-b7bc-f424ba4bc3a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_5a0a6f9d-7296-41ab-8fb2-aed8620f4e58" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_21039a0e-372b-4453-8f70-0b5ec29cd1ab" xlink:to="loc_srt_ConsolidatedEntitiesAxis_5a0a6f9d-7296-41ab-8fb2-aed8620f4e58" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_b40fd668-83c7-43bc-a95f-51a80679da56" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_5a0a6f9d-7296-41ab-8fb2-aed8620f4e58" xlink:to="loc_srt_ConsolidatedEntitiesDomain_b40fd668-83c7-43bc-a95f-51a80679da56" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_7167bebb-c5b1-4e7d-843f-bb1502bfc4b8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_b40fd668-83c7-43bc-a95f-51a80679da56" xlink:to="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_7167bebb-c5b1-4e7d-843f-bb1502bfc4b8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_14fe9c7b-1147-461d-bfe8-725f287d495a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_21039a0e-372b-4453-8f70-0b5ec29cd1ab" xlink:to="loc_us-gaap_VariableInterestEntityLineItems_14fe9c7b-1147-461d-bfe8-725f287d495a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod_7a7fcd88-39ba-497f-92ca-ecc97a87a4db" xlink:href="rwt-20210331.xsd#rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_14fe9c7b-1147-461d-bfe8-725f287d495a" xlink:to="loc_rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod_7a7fcd88-39ba-497f-92ca-ecc97a87a4db" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SecuritiesRetainedAtFairValueDuringPeriod_db744f52-4aaf-41bf-993a-56df247503fa" xlink:href="rwt-20210331.xsd#rwt_SecuritiesRetainedAtFairValueDuringPeriod"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_14fe9c7b-1147-461d-bfe8-725f287d495a" xlink:to="loc_rwt_SecuritiesRetainedAtFairValueDuringPeriod_db744f52-4aaf-41bf-993a-56df247503fa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_b2638b35-bd6e-4b33-affa-7515bee75dac" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_9bdd615f-8ec8-4970-8775-83dc24dec18f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_b2638b35-bd6e-4b33-affa-7515bee75dac" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_9bdd615f-8ec8-4970-8775-83dc24dec18f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_9ffd8886-bd8a-4838-9a6b-1ab33ac326c3" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_9bdd615f-8ec8-4970-8775-83dc24dec18f" xlink:to="loc_srt_ConsolidatedEntitiesAxis_9ffd8886-bd8a-4838-9a6b-1ab33ac326c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_a2073780-e2e6-4aa2-8d56-a7dde0bef1b1" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_9ffd8886-bd8a-4838-9a6b-1ab33ac326c3" xlink:to="loc_srt_ConsolidatedEntitiesDomain_a2073780-e2e6-4aa2-8d56-a7dde0bef1b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_c1ba020a-8379-419b-b2a4-df9419c43d79" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_a2073780-e2e6-4aa2-8d56-a7dde0bef1b1" xlink:to="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_c1ba020a-8379-419b-b2a4-df9419c43d79" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_62ba10d2-44da-44f0-afd8-34c2f17fd147" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_9bdd615f-8ec8-4970-8775-83dc24dec18f" xlink:to="loc_us-gaap_VariableInterestEntityLineItems_62ba10d2-44da-44f0-afd8-34c2f17fd147" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers_3e28c20d-949a-42e1-b4bd-6482ce9e42f8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_62ba10d2-44da-44f0-afd8-34c2f17fd147" xlink:to="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers_3e28c20d-949a-42e1-b4bd-6482ce9e42f8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_c48d7456-28c7-4ebb-a94f-789b4096777c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_62ba10d2-44da-44f0-afd8-34c2f17fd147" xlink:to="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_c48d7456-28c7-4ebb-a94f-789b4096777c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances_6cae950d-a180-41ea-a216-a99ebdf7356b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_62ba10d2-44da-44f0-afd8-34c2f17fd147" xlink:to="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances_6cae950d-a180-41ea-a216-a99ebdf7356b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest_718b57d4-61bf-4297-b208-7f9409ede666" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_62ba10d2-44da-44f0-afd8-34c2f17fd147" xlink:to="loc_us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest_718b57d4-61bf-4297-b208-7f9409ede666" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_bb3707a9-538b-44c6-bcc6-4c8c24fcbaf2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_f8d07140-771c-4fb1-a052-6ab3edc714df" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_bb3707a9-538b-44c6-bcc6-4c8c24fcbaf2" xlink:to="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_f8d07140-771c-4fb1-a052-6ab3edc714df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_de75ed46-2bd1-4402-b54c-899ed5f0e52d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_f8d07140-771c-4fb1-a052-6ab3edc714df" xlink:to="loc_us-gaap_FinancialInstrumentAxis_de75ed46-2bd1-4402-b54c-899ed5f0e52d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4b080b45-0630-4616-991d-44fbdd06667d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_de75ed46-2bd1-4402-b54c-899ed5f0e52d" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4b080b45-0630-4616-991d-44fbdd06667d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorSecuritiesMember_3036cea1-e9d2-466a-a43d-e2da181868fb" xlink:href="rwt-20210331.xsd#rwt_SeniorSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4b080b45-0630-4616-991d-44fbdd06667d" xlink:to="loc_rwt_SeniorSecuritiesMember_3036cea1-e9d2-466a-a43d-e2da181868fb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SubordinateSecuritiesMember_fe5b88a1-1df4-4ca3-8d7b-0f25cab43bb8" xlink:href="rwt-20210331.xsd#rwt_SubordinateSecuritiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4b080b45-0630-4616-991d-44fbdd06667d" xlink:to="loc_rwt_SubordinateSecuritiesMember_fe5b88a1-1df4-4ca3-8d7b-0f25cab43bb8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_f34f4b73-663c-4004-95ad-ee57e4ec7ffe" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_f8d07140-771c-4fb1-a052-6ab3edc714df" xlink:to="loc_srt_ConsolidatedEntitiesAxis_f34f4b73-663c-4004-95ad-ee57e4ec7ffe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_dc4ef185-0246-40ab-8654-f5309e1eec2e" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_f34f4b73-663c-4004-95ad-ee57e4ec7ffe" xlink:to="loc_srt_ConsolidatedEntitiesDomain_dc4ef185-0246-40ab-8654-f5309e1eec2e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_38474455-9076-47a9-be8e-fe99c7a66611" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_dc4ef185-0246-40ab-8654-f5309e1eec2e" xlink:to="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_38474455-9076-47a9-be8e-fe99c7a66611" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems_3a792f83-af8c-4377-93c6-d9282535579a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_f8d07140-771c-4fb1-a052-6ab3edc714df" xlink:to="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems_3a792f83-af8c-4377-93c6-d9282535579a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed_ed45a265-7784-483b-a6a5-250b308ecdc2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems_3a792f83-af8c-4377-93c6-d9282535579a" xlink:to="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed_ed45a265-7784-483b-a6a5-250b308ecdc2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate_2f2eb5b0-345e-46b6-9035-c9e9e9010faf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems_3a792f83-af8c-4377-93c6-d9282535579a" xlink:to="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate_2f2eb5b0-345e-46b6-9035-c9e9e9010faf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses_86760d03-fb0c-4cac-bb73-a7a80ef8e252" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems_3a792f83-af8c-4377-93c6-d9282535579a" xlink:to="loc_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses_86760d03-fb0c-4cac-bb73-a7a80ef8e252" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_83f84621-872a-493f-b99a-c964ae6ccd09" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_5d1306f0-e17a-431e-80fe-ce662ebf89f6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_83f84621-872a-493f-b99a-c964ae6ccd09" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_5d1306f0-e17a-431e-80fe-ce662ebf89f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_dd75cc78-aac3-4855-b76d-1a7d6d8ef4a5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_5d1306f0-e17a-431e-80fe-ce662ebf89f6" xlink:to="loc_us-gaap_InvestmentTypeAxis_dd75cc78-aac3-4855-b76d-1a7d6d8ef4a5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_f3323aee-115e-447c-9c00-6df9cb010258" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_dd75cc78-aac3-4855-b76d-1a7d6d8ef4a5" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_f3323aee-115e-447c-9c00-6df9cb010258" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestOnlyStripAndSeniorSecuritiesMember_b2df1bd1-ede7-46e0-9f29-d932e544e119" xlink:href="rwt-20210331.xsd#rwt_InterestOnlyStripAndSeniorSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f3323aee-115e-447c-9c00-6df9cb010258" xlink:to="loc_rwt_InterestOnlyStripAndSeniorSecuritiesMember_b2df1bd1-ede7-46e0-9f29-d932e544e119" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorAndSubordinatedSecuritiesMember_f04fe5ce-a823-429d-ad5c-c3380d003b18" xlink:href="rwt-20210331.xsd#rwt_SeniorAndSubordinatedSecuritiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f3323aee-115e-447c-9c00-6df9cb010258" xlink:to="loc_rwt_SeniorAndSubordinatedSecuritiesMember_f04fe5ce-a823-429d-ad5c-c3380d003b18" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_67a4e432-3208-402b-83a5-fe9cc5b870b3" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f3323aee-115e-447c-9c00-6df9cb010258" xlink:to="loc_rwt_MortgageServicingRightsMember_67a4e432-3208-402b-83a5-fe9cc5b870b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_c5cfc563-a5fe-4f64-a6ba-ff5974eb74f8" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_5d1306f0-e17a-431e-80fe-ce662ebf89f6" xlink:to="loc_srt_ConsolidatedEntitiesAxis_c5cfc563-a5fe-4f64-a6ba-ff5974eb74f8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_76f3efe7-0f95-47aa-8a6e-bb19d16d0424" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_c5cfc563-a5fe-4f64-a6ba-ff5974eb74f8" xlink:to="loc_srt_ConsolidatedEntitiesDomain_76f3efe7-0f95-47aa-8a6e-bb19d16d0424" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_3db5ad82-fe40-472b-9e8a-bec1a0aa5523" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_76f3efe7-0f95-47aa-8a6e-bb19d16d0424" xlink:to="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_3db5ad82-fe40-472b-9e8a-bec1a0aa5523" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_838a8061-6bd0-4cfa-92a4-cd7ffbef04c9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_5d1306f0-e17a-431e-80fe-ce662ebf89f6" xlink:to="loc_us-gaap_VariableInterestEntityLineItems_838a8061-6bd0-4cfa-92a4-cd7ffbef04c9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsFairValueDisclosureAbstract_50c3cdd5-d325-41c1-b7b7-3826f6507834" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsFairValueDisclosureAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_838a8061-6bd0-4cfa-92a4-cd7ffbef04c9" xlink:to="loc_us-gaap_AssetsFairValueDisclosureAbstract_50c3cdd5-d325-41c1-b7b7-3826f6507834" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecuritiesDebt_5954952c-6c2e-410a-ace7-056ea2bc8eee" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradingSecuritiesDebt"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_50c3cdd5-d325-41c1-b7b7-3826f6507834" xlink:to="loc_us-gaap_TradingSecuritiesDebt_5954952c-6c2e-410a-ace7-056ea2bc8eee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_87bfea9c-9da3-4a97-bbde-ffdc425ceb04" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_50c3cdd5-d325-41c1-b7b7-3826f6507834" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_87bfea9c-9da3-4a97-bbde-ffdc425ceb04" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_67d7954b-e932-4fec-a83b-b7da39b56486" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_50c3cdd5-d325-41c1-b7b7-3826f6507834" xlink:to="loc_us-gaap_ServicingAssetAtFairValueAmount_67d7954b-e932-4fec-a83b-b7da39b56486" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_f8f86a5f-766f-4956-ad55-9e7b9bd6e979" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_50c3cdd5-d325-41c1-b7b7-3826f6507834" xlink:to="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_f8f86a5f-766f-4956-ad55-9e7b9bd6e979" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract_fa8465cd-eb8d-4815-94a2-810a778224e9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_838a8061-6bd0-4cfa-92a4-cd7ffbef04c9" xlink:to="loc_us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract_fa8465cd-eb8d-4815-94a2-810a778224e9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding_0019c7c3-7b47-4e51-b3c3-807f627f3c44" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract_fa8465cd-eb8d-4815-94a2-810a778224e9" xlink:to="loc_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding_0019c7c3-7b47-4e51-b3c3-807f627f3c44" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod_24282990-8412-4d12-adfd-2f60cbcb6639" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract_fa8465cd-eb8d-4815-94a2-810a778224e9" xlink:to="loc_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod_24282990-8412-4d12-adfd-2f60cbcb6639" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_9d9870ec-c600-40e6-98e3-2592d078e611" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_69a13a97-55a7-415a-abae-80bb986177ce" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_9d9870ec-c600-40e6-98e3-2592d078e611" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_69a13a97-55a7-415a-abae-80bb986177ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_b99acb7b-62f7-46f1-9812-1813222b4459" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_69a13a97-55a7-415a-abae-80bb986177ce" xlink:to="loc_srt_RangeAxis_b99acb7b-62f7-46f1-9812-1813222b4459" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_1c417b35-a633-4d67-99c3-46e22b4aa28f" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_b99acb7b-62f7-46f1-9812-1813222b4459" xlink:to="loc_srt_RangeMember_1c417b35-a633-4d67-99c3-46e22b4aa28f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_a7ea52ed-5f7e-4119-a6d9-b01ea736c9f5" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_1c417b35-a633-4d67-99c3-46e22b4aa28f" xlink:to="loc_srt_MinimumMember_a7ea52ed-5f7e-4119-a6d9-b01ea736c9f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_dd7e048f-3ddc-4c99-8a58-b85b1569cb8b" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_1c417b35-a633-4d67-99c3-46e22b4aa28f" xlink:to="loc_srt_MaximumMember_dd7e048f-3ddc-4c99-8a58-b85b1569cb8b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_4af447a2-01af-44a0-b96f-6025f3ee10c7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_69a13a97-55a7-415a-abae-80bb986177ce" xlink:to="loc_us-gaap_FinancialInstrumentAxis_4af447a2-01af-44a0-b96f-6025f3ee10c7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2924cf04-5963-448d-bf7c-d3936330ff4c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_4af447a2-01af-44a0-b96f-6025f3ee10c7" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2924cf04-5963-448d-bf7c-d3936330ff4c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_409f0704-03f1-4332-a563-56d193dd18e8" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2924cf04-5963-448d-bf7c-d3936330ff4c" xlink:to="loc_rwt_MortgageServicingRightsMember_409f0704-03f1-4332-a563-56d193dd18e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorSecuritiesMember_698fa039-bf58-4757-bdb5-b74ce476a790" xlink:href="rwt-20210331.xsd#rwt_SeniorSecuritiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2924cf04-5963-448d-bf7c-d3936330ff4c" xlink:to="loc_rwt_SeniorSecuritiesMember_698fa039-bf58-4757-bdb5-b74ce476a790" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SubordinateSecuritiesMember_32d9dfbc-d9da-42d7-8f67-113e666fd9cd" xlink:href="rwt-20210331.xsd#rwt_SubordinateSecuritiesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2924cf04-5963-448d-bf7c-d3936330ff4c" xlink:to="loc_rwt_SubordinateSecuritiesMember_32d9dfbc-d9da-42d7-8f67-113e666fd9cd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_22930c90-ff47-4e72-9360-eb4525996e0e" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_69a13a97-55a7-415a-abae-80bb986177ce" xlink:to="loc_srt_ConsolidatedEntitiesAxis_22930c90-ff47-4e72-9360-eb4525996e0e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_7d1497fa-a37c-450f-9ad1-eae69736dffe" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_22930c90-ff47-4e72-9360-eb4525996e0e" xlink:to="loc_srt_ConsolidatedEntitiesDomain_7d1497fa-a37c-450f-9ad1-eae69736dffe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_ce70775d-7e1a-44ff-ac71-f71e27149946" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_7d1497fa-a37c-450f-9ad1-eae69736dffe" xlink:to="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_ce70775d-7e1a-44ff-ac71-f71e27149946" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_69a13a97-55a7-415a-abae-80bb986177ce" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_c4cca3fd-e096-4dda-9531-b9f7d75e41c3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestsContinuedToBeHeldByTransferorFairValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_c4cca3fd-e096-4dda-9531-b9f7d75e41c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1_6de42ad8-3be8-4608-b478-f1c0b17cc2a4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1_6de42ad8-3be8-4608-b478-f1c0b17cc2a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent_6462e66a-4227-4dd2-9662-2f6964c75f99" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent_6462e66a-4227-4dd2-9662-2f6964c75f99" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract_89f82bab-101e-401c-a405-79a7fed0c43e" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract_89f82bab-101e-401c-a405-79a7fed0c43e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed_69932bab-e507-4dcb-b1a0-5509418a8984" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract_89f82bab-101e-401c-a405-79a7fed0c43e" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed_69932bab-e507-4dcb-b1a0-5509418a8984" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed_836c8a98-df2d-4898-aeaf-9ba1f296ca8b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract_89f82bab-101e-401c-a405-79a7fed0c43e" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed_836c8a98-df2d-4898-aeaf-9ba1f296ca8b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent_cf8d62dd-a6f3-41ea-868a-0d1797f8a635" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent_cf8d62dd-a6f3-41ea-868a-0d1797f8a635" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract_b6fdfe3f-7a67-4f19-a5d7-2a8ead597166" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract_b6fdfe3f-7a67-4f19-a5d7-2a8ead597166" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate_f9edfcde-7108-416b-a1ca-0daee945b904" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract_b6fdfe3f-7a67-4f19-a5d7-2a8ead597166" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate_f9edfcde-7108-416b-a1ca-0daee945b904" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate_b510a5d7-20ff-4598-9eab-f4aacf4a6215" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract_b6fdfe3f-7a67-4f19-a5d7-2a8ead597166" xlink:to="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate_b510a5d7-20ff-4598-9eab-f4aacf4a6215" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent_b7a58990-2c68-4d08-b723-4bab32c742cf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent_b7a58990-2c68-4d08-b723-4bab32c742cf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract_b0b940f3-567a-4486-b17e-abe25037423e" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract_b0b940f3-567a-4486-b17e-abe25037423e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses_f6a1d34c-966d-4a79-b333-e67691fc6506" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract_b0b940f3-567a-4486-b17e-abe25037423e" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses_f6a1d34c-966d-4a79-b333-e67691fc6506" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss_c9df5419-4835-4286-bc06-f9abeb8f88bc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract_b0b940f3-567a-4486-b17e-abe25037423e" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss_c9df5419-4835-4286-bc06-f9abeb8f88bc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent_44e4ce64-c0e0-4777-9b52-2b405cc9ffda" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent_44e4ce64-c0e0-4777-9b52-2b405cc9ffda" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent_b7cd8997-b2a4-43f3-8aa3-61b738f63097" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent_b7cd8997-b2a4-43f3-8aa3-61b738f63097" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent_62b83bbe-38b4-41d3-a8a2-ca45c1d9dd78" xlink:href="rwt-20210331.xsd#rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_a5c166b0-ce6c-4ac2-92ec-87e1bd181e10" xlink:to="loc_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent_62b83bbe-38b4-41d3-a8a2-ca45c1d9dd78" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_368b9fd3-0807-4094-964c-9c9ac651a093" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e1f26b43-ae84-436d-8757-ec4fd26aa331" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_368b9fd3-0807-4094-964c-9c9ac651a093" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e1f26b43-ae84-436d-8757-ec4fd26aa331" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_62ba987c-2868-4214-8ed5-0742ecd15cd8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e1f26b43-ae84-436d-8757-ec4fd26aa331" xlink:to="loc_us-gaap_FinancialInstrumentAxis_62ba987c-2868-4214-8ed5-0742ecd15cd8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_acc8a17d-8fb1-4fcd-b271-6e5e73d0f70c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_62ba987c-2868-4214-8ed5-0742ecd15cd8" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_acc8a17d-8fb1-4fcd-b271-6e5e73d0f70c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentMember_e72ece0d-3c0d-4477-b295-16246080a426" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateInvestmentMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_acc8a17d-8fb1-4fcd-b271-6e5e73d0f70c" xlink:to="loc_us-gaap_RealEstateInvestmentMember_e72ece0d-3c0d-4477-b295-16246080a426" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_ba49516c-d352-4a12-b6dc-42a9c5715981" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e1f26b43-ae84-436d-8757-ec4fd26aa331" xlink:to="loc_us-gaap_InvestmentTypeAxis_ba49516c-d352-4a12-b6dc-42a9c5715981" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_f3045cfd-b75c-4441-a50a-4c534b0deac9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_ba49516c-d352-4a12-b6dc-42a9c5715981" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_f3045cfd-b75c-4441-a50a-4c534b0deac9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorSecuritiesMember_d54b18bb-d6ba-4e25-95a7-48dc96ed08d1" xlink:href="rwt-20210331.xsd#rwt_SeniorSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f3045cfd-b75c-4441-a50a-4c534b0deac9" xlink:to="loc_rwt_SeniorSecuritiesMember_d54b18bb-d6ba-4e25-95a7-48dc96ed08d1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember_e2c3e1d7-47dd-4585-8021-d257600c5fcf" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesPrimeMezzanineMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f3045cfd-b75c-4441-a50a-4c534b0deac9" xlink:to="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember_e2c3e1d7-47dd-4585-8021-d257600c5fcf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SubordinateSecuritiesMember_09fdd33e-a1a4-4ece-951a-13580d03b1a0" xlink:href="rwt-20210331.xsd#rwt_SubordinateSecuritiesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f3045cfd-b75c-4441-a50a-4c534b0deac9" xlink:to="loc_rwt_SubordinateSecuritiesMember_09fdd33e-a1a4-4ece-951a-13580d03b1a0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_0d915ff3-2294-4ada-8087-d95aa14f4da2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageBackedSecuritiesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f3045cfd-b75c-4441-a50a-4c534b0deac9" xlink:to="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_0d915ff3-2294-4ada-8087-d95aa14f4da2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_dc5fc445-8673-4989-8d5d-26c259fac7f9" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f3045cfd-b75c-4441-a50a-4c534b0deac9" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_dc5fc445-8673-4989-8d5d-26c259fac7f9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_82daed9b-4104-4031-be27-ba662be01c0b" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e1f26b43-ae84-436d-8757-ec4fd26aa331" xlink:to="loc_srt_ConsolidatedEntitiesAxis_82daed9b-4104-4031-be27-ba662be01c0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_b70751ef-c3e9-41df-9616-ed0779f017d9" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_82daed9b-4104-4031-be27-ba662be01c0b" xlink:to="loc_srt_ConsolidatedEntitiesDomain_b70751ef-c3e9-41df-9616-ed0779f017d9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_c9cb05e5-c6da-45bc-a3ad-9e4d36cd1bf9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_b70751ef-c3e9-41df-9616-ed0779f017d9" xlink:to="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_c9cb05e5-c6da-45bc-a3ad-9e4d36cd1bf9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_b5a5df68-d266-4a03-b6c6-dcd091f3c416" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e1f26b43-ae84-436d-8757-ec4fd26aa331" xlink:to="loc_us-gaap_VariableInterestEntityLineItems_b5a5df68-d266-4a03-b6c6-dcd091f3c416" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarketableSecurities_b2f4e921-6ae4-4eab-84b7-fd1ea5fa84d8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarketableSecurities"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_b5a5df68-d266-4a03-b6c6-dcd091f3c416" xlink:to="loc_us-gaap_MarketableSecurities_b2f4e921-6ae4-4eab-84b7-fd1ea5fa84d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstruments" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstruments"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstruments" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_e2ef276e-47c6-4067-ba34-92295c514864" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresTextBlock_c5fbf9da-f817-4a05-aadd-9023ff6a2d5b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_e2ef276e-47c6-4067-ba34-92295c514864" xlink:to="loc_us-gaap_FairValueDisclosuresTextBlock_c5fbf9da-f817-4a05-aadd-9023ff6a2d5b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_514983ae-632c-4341-944a-bc2fe93a9b86" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTextBlock_f8029bf4-ed03-4da0-8f07-f0d0612a410c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_514983ae-632c-4341-944a-bc2fe93a9b86" xlink:to="loc_us-gaap_FairValueByBalanceSheetGroupingTextBlock_f8029bf4-ed03-4da0-8f07-f0d0612a410c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_f664cea9-97ea-450c-b439-b97477dac33c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_514983ae-632c-4341-944a-bc2fe93a9b86" xlink:to="loc_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_f664cea9-97ea-450c-b439-b97477dac33c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_fe3dbe9d-d096-4016-aecb-02ea09da1765" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_514983ae-632c-4341-944a-bc2fe93a9b86" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_fe3dbe9d-d096-4016-aecb-02ea09da1765" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock_f893b130-0c17-4834-bba2-964f8cff66c0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_514983ae-632c-4341-944a-bc2fe93a9b86" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock_f893b130-0c17-4834-bba2-964f8cff66c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock_6092ffb4-3bda-4fa2-968a-00cd3125a8d4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_514983ae-632c-4341-944a-bc2fe93a9b86" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock_6092ffb4-3bda-4fa2-968a-00cd3125a8d4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock_058f0302-9297-43ab-8944-bc3924839434" xlink:href="rwt-20210331.xsd#rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_514983ae-632c-4341-944a-bc2fe93a9b86" xlink:to="loc_rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock_058f0302-9297-43ab-8944-bc3924839434" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_479736f7-3261-429f-b887-32a7ee6cba87" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_514983ae-632c-4341-944a-bc2fe93a9b86" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_479736f7-3261-429f-b887-32a7ee6cba87" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_3933f13d-1fbc-44a6-a2ff-8607c5e980d2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTable_19225588-d8fa-4a48-99e7-40c18e2bfa00" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_3933f13d-1fbc-44a6-a2ff-8607c5e980d2" xlink:to="loc_us-gaap_FairValueByBalanceSheetGroupingTable_19225588-d8fa-4a48-99e7-40c18e2bfa00" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_32f1f17f-a16f-492c-86ce-66edf00d0390" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_19225588-d8fa-4a48-99e7-40c18e2bfa00" xlink:to="loc_us-gaap_InvestmentTypeAxis_32f1f17f-a16f-492c-86ce-66edf00d0390" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_c9491b9c-064f-4e80-8884-6e0e8ae8c32e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_32f1f17f-a16f-492c-86ce-66edf00d0390" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_c9491b9c-064f-4e80-8884-6e0e8ae8c32e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionMember_3f4b531d-fd60-4cb6-a15c-a9ea44762cc7" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_c9491b9c-064f-4e80-8884-6e0e8ae8c32e" xlink:to="loc_rwt_HomeAppreciationOptionMember_3f4b531d-fd60-4cb6-a15c-a9ea44762cc7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByMeasurementBasisAxis_a8d18cd9-ca9e-4a32-b156-42fb0d6c51a6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_19225588-d8fa-4a48-99e7-40c18e2bfa00" xlink:to="loc_us-gaap_FairValueByMeasurementBasisAxis_a8d18cd9-ca9e-4a32-b156-42fb0d6c51a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosureItemAmountsDomain_553a2a58-72f4-4060-9782-a9e0b695b143" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByMeasurementBasisAxis_a8d18cd9-ca9e-4a32-b156-42fb0d6c51a6" xlink:to="loc_us-gaap_FairValueDisclosureItemAmountsDomain_553a2a58-72f4-4060-9782-a9e0b695b143" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_2d8a0b90-73e4-4145-af6a-8aabba9cc667" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_553a2a58-72f4-4060-9782-a9e0b695b143" xlink:to="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_2d8a0b90-73e4-4145-af6a-8aabba9cc667" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_94ece1a6-6c0d-4b92-b5f9-7446652e53bc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_553a2a58-72f4-4060-9782-a9e0b695b143" xlink:to="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_94ece1a6-6c0d-4b92-b5f9-7446652e53bc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_1f502bd2-719b-49e5-b296-5c70973737bb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_553a2a58-72f4-4060-9782-a9e0b695b143" xlink:to="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_1f502bd2-719b-49e5-b296-5c70973737bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_924f0580-7227-45a3-b11a-cef2b8348522" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_19225588-d8fa-4a48-99e7-40c18e2bfa00" xlink:to="loc_us-gaap_FinancialInstrumentAxis_924f0580-7227-45a3-b11a-cef2b8348522" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_823ef919-bfd1-4db7-9cfa-e90ed66c385e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_924f0580-7227-45a3-b11a-cef2b8348522" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_823ef919-bfd1-4db7-9cfa-e90ed66c385e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageMember_31bc24da-51b5-44e8-89a3-f3a204a90fc9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_823ef919-bfd1-4db7-9cfa-e90ed66c385e" xlink:to="loc_us-gaap_ResidentialMortgageMember_31bc24da-51b5-44e8-89a3-f3a204a90fc9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7b3320b1-e04e-42fe-969e-528cad631e33" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_19225588-d8fa-4a48-99e7-40c18e2bfa00" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7b3320b1-e04e-42fe-969e-528cad631e33" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7b3320b1-e04e-42fe-969e-528cad631e33" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansAtFairValueMember_60ff8786-7e1e-42f2-ae4c-b022e533ca8a" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansAtFairValueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_ResidentialLoansAtFairValueMember_60ff8786-7e1e-42f2-ae4c-b022e533ca8a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_c4b30cb9-d35d-4a5c-a8a0-be689332c813" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentAtFairValueMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_c4b30cb9-d35d-4a5c-a8a0-be689332c813" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansHeldforSaleMember_c54f0cbe-7168-47f7-8796-d191be523709" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansHeldforSaleMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_BusinessPurposeResidentialLoansHeldforSaleMember_c54f0cbe-7168-47f7-8796-d191be523709" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember_b78969e6-9c3b-4f79-8ce0-0603b60d2f4c" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember_b78969e6-9c3b-4f79-8ce0-0603b60d2f4c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansMember_92793e69-2d83-4341-8ed4-203be84a7e85" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_MultifamilyLoansMember_92793e69-2d83-4341-8ed4-203be84a7e85" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceInvestmentsMember_696ed590-8e05-485a-918f-73488bd2337b" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceInvestmentsMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_ServicerAdvanceInvestmentsMember_696ed590-8e05-485a-918f-73488bd2337b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_ba8a5d96-3c8a-4eaa-8325-4327384fa6f7" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_MortgageServicingRightsMember_ba8a5d96-3c8a-4eaa-8325-4327384fa6f7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_79407605-e7c9-42ff-a82b-df987dd76b2b" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_79407605-e7c9-42ff-a82b-df987dd76b2b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherRealEstateOwnedMember_dd70c94d-1a88-4fcc-9112-b810ac7f4d8a" xlink:href="rwt-20210331.xsd#rwt_OtherRealEstateOwnedMember"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_rwt_OtherRealEstateOwnedMember_dd70c94d-1a88-4fcc-9112-b810ac7f4d8a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_3ad8345c-b0a1-42eb-871d-83899901617a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditMember"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_260f65d7-5e2d-4e1e-925e-7f9747919b6e" xlink:to="loc_us-gaap_LineOfCreditMember_3ad8345c-b0a1-42eb-871d-83899901617a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_5c89cfa8-3729-41b0-a6eb-381b65521119" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_19225588-d8fa-4a48-99e7-40c18e2bfa00" xlink:to="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_5c89cfa8-3729-41b0-a6eb-381b65521119" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_5c89cfa8-3729-41b0-a6eb-381b65521119" xlink:to="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansHeldForSaleFairValueDisclosure_24242ab0-d7f2-486c-8500-019261cb6b64" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansHeldForSaleFairValueDisclosure"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_LoansHeldForSaleFairValueDisclosure_24242ab0-d7f2-486c-8500-019261cb6b64" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansReceivableFairValueDisclosure_05535818-ef11-4011-a4d3-c2a4c01caf3c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_LoansReceivableFairValueDisclosure_05535818-ef11-4011-a4d3-c2a4c01caf3c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecurities_09d6d2d5-750c-4c45-b82d-e489bcceb840" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradingSecurities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_TradingSecurities_09d6d2d5-750c-4c45-b82d-e489bcceb840" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_0e84ef20-0ae6-41b0-8b40-b5323e6bbde5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_ServicingAssetAtFairValueAmount_0e84ef20-0ae6-41b0-8b40-b5323e6bbde5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsFairValueDisclosure_f64dce5a-57f0-4b24-93d5-b335156c78fd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssetsFairValueDisclosure"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_OtherAssetsFairValueDisclosure_f64dce5a-57f0-4b24-93d5-b335156c78fd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanHeldForInvestmentAmount_0d053153-614f-4031-90d8-186d8d370edd" xlink:href="rwt-20210331.xsd#rwt_LoanHeldForInvestmentAmount"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_rwt_LoanHeldForInvestmentAmount_0d053153-614f-4031-90d8-186d8d370edd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_296bc401-75d7-44fe-9324-7f024115e6c9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_296bc401-75d7-44fe-9324-7f024115e6c9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure_277a0cc0-13ed-4142-a0ef-13a716de62da" xlink:href="rwt-20210331.xsd#rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure_277a0cc0-13ed-4142-a0ef-13a716de62da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets_0da4ddf2-5477-41df-8db0-07849920a63d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssets"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_DerivativeAssets_0da4ddf2-5477-41df-8db0-07849920a63d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableFairValueDisclosure_8b10d9ff-f8e3-4890-8dd0-7cae626590a8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsReceivableFairValueDisclosure"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_AccountsReceivableFairValueDisclosure_8b10d9ff-f8e3-4890-8dd0-7cae626590a8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure_27f2aed8-fc3e-4238-bdca-70d2fdb98abe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure_27f2aed8-fc3e-4238-bdca-70d2fdb98abe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue_357124e4-d9dc-4365-b33a-e448d61eaaa9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_4c287eb8-f14e-44d2-a128-2d947e22048a" xlink:to="loc_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue_357124e4-d9dc-4365-b33a-e448d61eaaa9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_5c89cfa8-3729-41b0-a6eb-381b65521119" xlink:to="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShorttermDebtFairValue_4c82866e-8d86-47bb-897b-a656a8fd0eea" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShorttermDebtFairValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_us-gaap_ShorttermDebtFairValue_4c82866e-8d86-47bb-897b-a656a8fd0eea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MarginPayableFairValueDisclosure_7a11eaec-f798-4660-af89-b5e6c473e586" xlink:href="rwt-20210331.xsd#rwt_MarginPayableFairValueDisclosure"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_rwt_MarginPayableFairValueDisclosure_7a11eaec-f798-4660-af89-b5e6c473e586" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GuaranteesFairValueDisclosure_170c12fa-6c2d-407c-baf8-73111a04c551" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GuaranteesFairValueDisclosure"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_us-gaap_GuaranteesFairValueDisclosure_170c12fa-6c2d-407c-baf8-73111a04c551" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_e2d08b0d-8f01-4be1-8602-037e74f3ec7f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_us-gaap_DerivativeLiabilities_e2d08b0d-8f01-4be1-8602-037e74f3ec7f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFairValue_729ed208-df09-4f59-9a11-a60ef4dde71c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentFairValue"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_us-gaap_DebtInstrumentFairValue_729ed208-df09-4f59-9a11-a60ef4dde71c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost_8acf8abc-ef91-4d60-92b7-059526c83352" xlink:href="rwt-20210331.xsd#rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost_8acf8abc-ef91-4d60-92b7-059526c83352" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure_d2f79471-2bf4-4bb8-b4fc-0c165b0d4356" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure_d2f79471-2bf4-4bb8-b4fc-0c165b0d4356" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations_f25f3b88-5432-49ac-a3eb-07a0e5c99fea" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations_f25f3b88-5432-49ac-a3eb-07a0e5c99fea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtFairValueDisclosures_02dd365a-f3e6-4fca-9aa8-7a086fcfad9e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConvertibleDebtFairValueDisclosures"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_us-gaap_ConvertibleDebtFairValueDisclosures_02dd365a-f3e6-4fca-9aa8-7a086fcfad9e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure_aae9f881-919e-4b5f-a660-c59f795b86b7" xlink:href="rwt-20210331.xsd#rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_1962c1b8-770a-4f41-89a3-30fa2e9df1d4" xlink:to="loc_rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure_aae9f881-919e-4b5f-a660-c59f795b86b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_d92cdc60-b46a-403f-a793-62dc1d09172d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_0e29c2c0-269a-44ae-a708-39165f74cb12" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_d92cdc60-b46a-403f-a793-62dc1d09172d" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_0e29c2c0-269a-44ae-a708-39165f74cb12" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_f95d2f0b-7a8a-4770-b58f-416931cdd038" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_0e29c2c0-269a-44ae-a708-39165f74cb12" xlink:to="loc_us-gaap_FinancialInstrumentAxis_f95d2f0b-7a8a-4770-b58f-416931cdd038" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9c722949-2094-49e1-911b-802db3f0e5de" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_f95d2f0b-7a8a-4770-b58f-416931cdd038" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9c722949-2094-49e1-911b-802db3f0e5de" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceInvestmentsMember_a73e67db-34e0-4d41-9827-fbfeda9ca06c" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceInvestmentsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9c722949-2094-49e1-911b-802db3f0e5de" xlink:to="loc_rwt_ServicerAdvanceInvestmentsMember_a73e67db-34e0-4d41-9827-fbfeda9ca06c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_f14e257c-8430-4062-8ccc-3d20196de8b8" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9c722949-2094-49e1-911b-802db3f0e5de" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_f14e257c-8430-4062-8ccc-3d20196de8b8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionMember_fa432395-f22a-41ff-be8e-6ec9dd58568d" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9c722949-2094-49e1-911b-802db3f0e5de" xlink:to="loc_rwt_HomeAppreciationOptionMember_fa432395-f22a-41ff-be8e-6ec9dd58568d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_1ad8caae-e157-4eb4-83c9-01a7c9ca4998" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_0e29c2c0-269a-44ae-a708-39165f74cb12" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_1ad8caae-e157-4eb4-83c9-01a7c9ca4998" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1e79b048-5fa2-44bc-876b-ab81001c83fd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_1ad8caae-e157-4eb4-83c9-01a7c9ca4998" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1e79b048-5fa2-44bc-876b-ab81001c83fd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SecuritiesMember_c7e8c2dc-f243-4c15-8539-d821cbaeaed2" xlink:href="rwt-20210331.xsd#rwt_SecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1e79b048-5fa2-44bc-876b-ab81001c83fd" xlink:to="loc_rwt_SecuritiesMember_c7e8c2dc-f243-4c15-8539-d821cbaeaed2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansMember_13836890-22d4-46f0-9bad-d71c6ec78106" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1e79b048-5fa2-44bc-876b-ab81001c83fd" xlink:to="loc_rwt_ResidentialLoansMember_13836890-22d4-46f0-9bad-d71c6ec78106" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansMember_5d256b87-bbbb-49e9-9ea8-6e45eca37213" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1e79b048-5fa2-44bc-876b-ab81001c83fd" xlink:to="loc_rwt_BusinessPurposeResidentialLoansMember_5d256b87-bbbb-49e9-9ea8-6e45eca37213" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_803a0bc6-77c3-4398-8b83-17f934280f76" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_0e29c2c0-269a-44ae-a708-39165f74cb12" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_803a0bc6-77c3-4398-8b83-17f934280f76" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod_c1f9f30b-e044-49f2-b60e-24dbf63e0f72" xlink:href="rwt-20210331.xsd#rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_803a0bc6-77c3-4398-8b83-17f934280f76" xlink:to="loc_rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod_c1f9f30b-e044-49f2-b60e-24dbf63e0f72" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_121589f0-767b-42fd-a2cc-433589a237c7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_4f7d2844-9832-4848-99a7-7bf5ffbcdc17" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_121589f0-767b-42fd-a2cc-433589a237c7" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_4f7d2844-9832-4848-99a7-7bf5ffbcdc17" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_83476330-485b-497c-bf78-4604dce470ac" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_4f7d2844-9832-4848-99a7-7bf5ffbcdc17" xlink:to="loc_us-gaap_FairValueByMeasurementFrequencyAxis_83476330-485b-497c-bf78-4604dce470ac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_36a51cb6-28fa-43a4-890a-ba6cc6aba627" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_83476330-485b-497c-bf78-4604dce470ac" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_36a51cb6-28fa-43a4-890a-ba6cc6aba627" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember_1ef14e3b-cc4e-4589-b116-8d5d0e9f8acc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementFrequencyDomain_36a51cb6-28fa-43a4-890a-ba6cc6aba627" xlink:to="loc_us-gaap_FairValueMeasurementsRecurringMember_1ef14e3b-cc4e-4589-b116-8d5d0e9f8acc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_45b8ebca-9ccd-4ad4-88e3-672c31c9a5c6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_4f7d2844-9832-4848-99a7-7bf5ffbcdc17" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_45b8ebca-9ccd-4ad4-88e3-672c31c9a5c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_a930a714-4f0b-4f8c-bb8c-97db83822e81" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_45b8ebca-9ccd-4ad4-88e3-672c31c9a5c6" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_a930a714-4f0b-4f8c-bb8c-97db83822e81" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_cadec4a8-1bad-49ea-a502-c530cd693a29" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel1Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_a930a714-4f0b-4f8c-bb8c-97db83822e81" xlink:to="loc_us-gaap_FairValueInputsLevel1Member_cadec4a8-1bad-49ea-a502-c530cd693a29" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_eb7bfb07-01aa-4f8e-8ae6-4818965cf30e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel2Member"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_a930a714-4f0b-4f8c-bb8c-97db83822e81" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_eb7bfb07-01aa-4f8e-8ae6-4818965cf30e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_f9435b28-e689-43bb-ab81-1e80b9676d68" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel3Member"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_a930a714-4f0b-4f8c-bb8c-97db83822e81" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_f9435b28-e689-43bb-ab81-1e80b9676d68" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_f11fd026-8750-4ad5-9bf4-ce6bc685f39e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_4f7d2844-9832-4848-99a7-7bf5ffbcdc17" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_f11fd026-8750-4ad5-9bf4-ce6bc685f39e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_ec88746d-797e-49b2-b575-03d0d3064fb3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_f11fd026-8750-4ad5-9bf4-ce6bc685f39e" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_ec88746d-797e-49b2-b575-03d0d3064fb3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansAtFairValueMember_4a43c387-62b9-4c9b-9c18-afe260cec920" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansAtFairValueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_ec88746d-797e-49b2-b575-03d0d3064fb3" xlink:to="loc_rwt_ResidentialLoansAtFairValueMember_4a43c387-62b9-4c9b-9c18-afe260cec920" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_75d450e6-6f4d-4b2c-b2d4-0436a40b3637" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_4f7d2844-9832-4848-99a7-7bf5ffbcdc17" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_75d450e6-6f4d-4b2c-b2d4-0436a40b3637" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsFairValueDisclosureAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_75d450e6-6f4d-4b2c-b2d4-0436a40b3637" xlink:to="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesFairValueDisclosure_94d8e7bb-4a34-4e7c-b9e7-c0912f9d4d18" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesFairValueDisclosure"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_us-gaap_ReceivablesFairValueDisclosure_94d8e7bb-4a34-4e7c-b9e7-c0912f9d4d18" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeLoansFairValueDisclosure_2f4e55a1-4e6c-4783-b581-79b83053f79b" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeLoansFairValueDisclosure"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_rwt_BusinessPurposeLoansFairValueDisclosure_2f4e55a1-4e6c-4783-b581-79b83053f79b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansFairValueDisclosure_3b136db0-fe5f-4caa-971e-e92e09990de6" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansFairValueDisclosure"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_rwt_MultifamilyLoansFairValueDisclosure_3b136db0-fe5f-4caa-971e-e92e09990de6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecurities_f686a7e5-0409-4b8f-9856-856c565043da" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradingSecurities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_us-gaap_TradingSecurities_f686a7e5-0409-4b8f-9856-856c565043da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceInvestments_4a6d6121-0c5d-4a79-8324-f6961750bc43" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceInvestments"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_rwt_ServicerAdvanceInvestments_4a6d6121-0c5d-4a79-8324-f6961750bc43" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_6a4fe732-81e7-44dc-9c94-1a4fff4cc744" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_us-gaap_ServicingAssetAtFairValueAmount_6a4fe732-81e7-44dc-9c94-1a4fff4cc744" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsIOs_e31f904c-45d8-4a74-8f9a-7588ad224272" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsIOs"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_rwt_ExcessMortgageServicingRightsIOs_e31f904c-45d8-4a74-8f9a-7588ad224272" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionsFairvalueDisclosure_81afe8d6-7294-4f1a-9c85-41d305d9379e" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionsFairvalueDisclosure"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_rwt_HomeAppreciationOptionsFairvalueDisclosure_81afe8d6-7294-4f1a-9c85-41d305d9379e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets_e4b64bfc-8a44-408b-82f7-41fa15921c12" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssets"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_us-gaap_DerivativeAssets_e4b64bfc-8a44-408b-82f7-41fa15921c12" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue_61b24b78-5321-4332-a0a9-64cd1d1cfae8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue_61b24b78-5321-4332-a0a9-64cd1d1cfae8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure_6c95775c-ba72-4a13-bc54-58c8ecccee95" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_c806451f-94c9-46c2-a8a0-c31eac0125d5" xlink:to="loc_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure_6c95775c-ba72-4a13-bc54-58c8ecccee95" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_a10187bf-3304-4172-8e9b-4f76ca38ae31" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosureAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_75d450e6-6f4d-4b2c-b2d4-0436a40b3637" xlink:to="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_a10187bf-3304-4172-8e9b-4f76ca38ae31" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_13196259-2114-49cd-9c03-f9f290074e2e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilities"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_a10187bf-3304-4172-8e9b-4f76ca38ae31" xlink:to="loc_us-gaap_DerivativeLiabilities_13196259-2114-49cd-9c03-f9f290074e2e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFairValue_19e8c039-9a7a-4596-8cfb-337888739205" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentFairValue"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_a10187bf-3304-4172-8e9b-4f76ca38ae31" xlink:to="loc_us-gaap_DebtInstrumentFairValue_19e8c039-9a7a-4596-8cfb-337888739205" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_86a391c7-d4ff-477a-ba39-5415f743f08b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_1a2a646e-30d3-4f8a-8410-24c61610fb3f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_86a391c7-d4ff-477a-ba39-5415f743f08b" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_1a2a646e-30d3-4f8a-8410-24c61610fb3f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_7616862b-8a3f-4b05-a963-d5b183c8ba8c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_1a2a646e-30d3-4f8a-8410-24c61610fb3f" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_7616862b-8a3f-4b05-a963-d5b183c8ba8c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_7616862b-8a3f-4b05-a963-d5b183c8ba8c" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansAtFairValueMember_f6113f51-f9c8-4286-bcbc-1822a5ed8bff" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansAtFairValueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_rwt_ResidentialLoansAtFairValueMember_f6113f51-f9c8-4286-bcbc-1822a5ed8bff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansMember_ae04d870-86a9-4533-a9c3-33e09b0efe96" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_rwt_BusinessPurposeResidentialLoansMember_ae04d870-86a9-4533-a9c3-33e09b0efe96" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansMember_880e00c0-7a7a-4698-9909-1694fb33aeb3" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_rwt_MultifamilyLoansMember_880e00c0-7a7a-4698-9909-1694fb33aeb3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TradingSecuritiesMember_d889aa45-81f2-40e0-907b-9b4ccee04f7d" xlink:href="rwt-20210331.xsd#rwt_TradingSecuritiesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_rwt_TradingSecuritiesMember_d889aa45-81f2-40e0-907b-9b4ccee04f7d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableforsaleSecuritiesMember_fb7492d5-70a7-45d1-b541-fd284b7c03f0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableforsaleSecuritiesMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_us-gaap_AvailableforsaleSecuritiesMember_fb7492d5-70a7-45d1-b541-fd284b7c03f0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceInvestmentsMember_e1717d17-cca4-47b0-a6ce-08c36d0a4714" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceInvestmentsMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_rwt_ServicerAdvanceInvestmentsMember_e1717d17-cca4-47b0-a6ce-08c36d0a4714" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_3269028b-d82d-4c3f-8760-7bda5b78a26b" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_rwt_MortgageServicingRightsMember_3269028b-d82d-4c3f-8760-7bda5b78a26b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_c3a5ff82-a691-4796-8065-81ed45d8cebf" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_c3a5ff82-a691-4796-8065-81ed45d8cebf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionMember_8709aae0-0da5-4659-80a3-f142350f1d3d" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionMember"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_rwt_HomeAppreciationOptionMember_8709aae0-0da5-4659-80a3-f142350f1d3d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFinancialInstrumentsAssetsMember_7972f86e-4d7c-4a0a-a1d2-3f430daf41d5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFinancialInstrumentsAssetsMember"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_c097104c-ba46-4855-b1e6-eb54e3a8cc9b" xlink:to="loc_us-gaap_DerivativeFinancialInstrumentsAssetsMember_7972f86e-4d7c-4a0a-a1d2-3f430daf41d5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByLiabilityClassAxis_8e6f395e-1b33-4f52-b8d9-4cceab3109e9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByLiabilityClassAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_1a2a646e-30d3-4f8a-8410-24c61610fb3f" xlink:to="loc_us-gaap_FairValueByLiabilityClassAxis_8e6f395e-1b33-4f52-b8d9-4cceab3109e9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_a227e755-e082-4389-9ec4-a73034d8a0f1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByLiabilityClassAxis_8e6f395e-1b33-4f52-b8d9-4cceab3109e9" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_a227e755-e082-4389-9ec4-a73034d8a0f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetBackedSecuritiesMember_d7b61e52-36f8-4aea-998d-d8062b632d98" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetBackedSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_a227e755-e082-4389-9ec4-a73034d8a0f1" xlink:to="loc_us-gaap_AssetBackedSecuritiesMember_d7b61e52-36f8-4aea-998d-d8062b632d98" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_4ca30fd6-1692-47ad-baca-f91dac7941a7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_1a2a646e-30d3-4f8a-8410-24c61610fb3f" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_4ca30fd6-1692-47ad-baca-f91dac7941a7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_4ca30fd6-1692-47ad-baca-f91dac7941a7" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_2c627b55-5a95-4a37-91db-419737c2c99e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_2c627b55-5a95-4a37-91db-419737c2c99e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_e4264263-822b-4311-b816-82194eb2b63e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_e4264263-822b-4311-b816-82194eb2b63e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations_369ccedf-7944-4e98-a700-8d533c3d88b9" xlink:href="rwt-20210331.xsd#rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:to="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations_369ccedf-7944-4e98-a700-8d533c3d88b9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_84c463db-e695-4f23-a8de-98cb6c16d304" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_84c463db-e695-4f23-a8de-98cb6c16d304" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns_5621261e-2c46-4959-ac69-650c43dfc065" xlink:href="rwt-20210331.xsd#rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:to="loc_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns_5621261e-2c46-4959-ac69-650c43dfc065" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_6311a937-3116-40da-8926-adc21a4c821c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_6311a937-3116-40da-8926-adc21a4c821c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss_278b1111-356a-49b5-b081-e3fbe93b0799" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss_278b1111-356a-49b5-b081-e3fbe93b0799" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_85a3088b-cd20-43c5-939a-f558f6176ae8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_85a3088b-cd20-43c5-939a-f558f6176ae8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_977201f7-cf07-4da4-a0e2-af647242c9a6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_22f743fb-7370-4f13-b524-7df8b0f32835" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_977201f7-cf07-4da4-a0e2-af647242c9a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_1ef4798b-5bf1-499a-a960-891a91e1fd83" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_4ca30fd6-1692-47ad-baca-f91dac7941a7" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_1ef4798b-5bf1-499a-a960-891a91e1fd83" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_3af855c9-616a-4096-924d-7a4406b202b3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_1ef4798b-5bf1-499a-a960-891a91e1fd83" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_3af855c9-616a-4096-924d-7a4406b202b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_1554f0cf-b7b6-44ce-88ed-f0cc6bc88453" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_1ef4798b-5bf1-499a-a960-891a91e1fd83" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_1554f0cf-b7b6-44ce-88ed-f0cc6bc88453" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns_1845450f-3e90-4f22-a398-d9ba9baac9b6" xlink:href="rwt-20210331.xsd#rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_1ef4798b-5bf1-499a-a960-891a91e1fd83" xlink:to="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns_1845450f-3e90-4f22-a398-d9ba9baac9b6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_7d84fc10-c8aa-4343-b88b-37b81b6e1621" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_1ef4798b-5bf1-499a-a960-891a91e1fd83" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_7d84fc10-c8aa-4343-b88b-37b81b6e1621" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_1f34e4d3-02cb-438b-bd9b-853270d05a27" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_1ef4798b-5bf1-499a-a960-891a91e1fd83" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_1f34e4d3-02cb-438b-bd9b-853270d05a27" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_15b5e52a-1912-4fb4-89ba-d6a260c6e537" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_1ef4798b-5bf1-499a-a960-891a91e1fd83" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_15b5e52a-1912-4fb4-89ba-d6a260c6e537" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_e1036a28-73ef-4d6d-8761-41a82fbcb206" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_ef4ed154-51cd-4121-aa87-0cf7bc934bff" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_e1036a28-73ef-4d6d-8761-41a82fbcb206" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_ef4ed154-51cd-4121-aa87-0cf7bc934bff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_1df050b4-cdac-4fa3-8b03-b3dea75eabda" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_ef4ed154-51cd-4121-aa87-0cf7bc934bff" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_1df050b4-cdac-4fa3-8b03-b3dea75eabda" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_1df050b4-cdac-4fa3-8b03-b3dea75eabda" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_0046c16a-88a9-4c50-aa29-1eed515b51f6" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentAtFairValueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_0046c16a-88a9-4c50-aa29-1eed515b51f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansMember_f26184e7-d5b6-44d4-9b17-ea3d69ff20f8" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_BusinessPurposeResidentialLoansMember_f26184e7-d5b6-44d4-9b17-ea3d69ff20f8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansMember_2d0efe88-4252-4694-9561-bfa5814fef85" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_MultifamilyLoansMember_2d0efe88-4252-4694-9561-bfa5814fef85" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansMember_4773a081-7d8f-4bdb-a71b-5ac6d968d60f" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_SingleFamilyRentalLoansMember_4773a081-7d8f-4bdb-a71b-5ac6d968d60f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TradingSecuritiesMember_adf0d717-2890-43fb-9be9-77bdfa3c29f1" xlink:href="rwt-20210331.xsd#rwt_TradingSecuritiesMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_TradingSecuritiesMember_adf0d717-2890-43fb-9be9-77bdfa3c29f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceInvestmentsMember_e05fb159-0f7d-455a-892a-d005f3990e0a" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceInvestmentsMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_ServicerAdvanceInvestmentsMember_e05fb159-0f7d-455a-892a-d005f3990e0a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_3193b47f-6b5d-43d3-bedb-83e87f5ba2e8" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_MortgageServicingRightsMember_3193b47f-6b5d-43d3-bedb-83e87f5ba2e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_49f412b5-1e33-4a60-b50c-4f4ba822a947" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_49f412b5-1e33-4a60-b50c-4f4ba822a947" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionMember_90d012a3-fc53-4125-828c-23d5dfbdec87" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionMember"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_rwt_HomeAppreciationOptionMember_90d012a3-fc53-4125-828c-23d5dfbdec87" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoanPurchaseCommitmentsMember_d741865a-36ee-4e95-98f4-1d3930628138" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanPurchaseCommitmentsMember"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_af6b2ea6-2bf2-4a0e-b737-a220d09bf10d" xlink:to="loc_us-gaap_LoanPurchaseCommitmentsMember_d741865a-36ee-4e95-98f4-1d3930628138" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_6c7025ef-42c7-4fe0-87db-6a974e686809" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_ef4ed154-51cd-4121-aa87-0cf7bc934bff" xlink:to="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_6c7025ef-42c7-4fe0-87db-6a974e686809" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_EquityMethodInvesteeNameDomain_5886ef5f-a889-4a8a-a852-efc7670e5fae" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_EquityMethodInvesteeNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_6c7025ef-42c7-4fe0-87db-6a974e686809" xlink:to="loc_srt_EquityMethodInvesteeNameDomain_5886ef5f-a889-4a8a-a852-efc7670e5fae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldAtRedwoodMember_266c4dac-74d4-4897-b1c2-7ed745234d80" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldAtRedwoodMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_EquityMethodInvesteeNameDomain_5886ef5f-a889-4a8a-a852-efc7670e5fae" xlink:to="loc_rwt_ResidentialLoansHeldAtRedwoodMember_266c4dac-74d4-4897-b1c2-7ed745234d80" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_9ab655b9-3c5f-4cd9-b9f9-403ce216bd0b" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_EquityMethodInvesteeNameDomain_5886ef5f-a889-4a8a-a852-efc7670e5fae" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_9ab655b9-3c5f-4cd9-b9f9-403ce216bd0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_2f684c9e-e94b-40b7-83ad-0988a1dc2339" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_EquityMethodInvesteeNameDomain_5886ef5f-a889-4a8a-a852-efc7670e5fae" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_2f684c9e-e94b-40b7-83ad-0988a1dc2339" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_641917f1-db96-4e89-9958-80f38e609e26" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_EquityMethodInvesteeNameDomain_5886ef5f-a889-4a8a-a852-efc7670e5fae" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_641917f1-db96-4e89-9958-80f38e609e26" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_cfc39ee0-117d-40dc-99c7-f0e14ddf39fd" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_EquityMethodInvesteeNameDomain_5886ef5f-a889-4a8a-a852-efc7670e5fae" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_cfc39ee0-117d-40dc-99c7-f0e14ddf39fd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByLiabilityClassAxis_9eae63b7-c8da-4d37-93ef-ebbf8e16bb71" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByLiabilityClassAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_ef4ed154-51cd-4121-aa87-0cf7bc934bff" xlink:to="loc_us-gaap_FairValueByLiabilityClassAxis_9eae63b7-c8da-4d37-93ef-ebbf8e16bb71" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_f54aeea4-2d2c-46af-a076-c2fd74245853" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByLiabilityClassAxis_9eae63b7-c8da-4d37-93ef-ebbf8e16bb71" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_f54aeea4-2d2c-46af-a076-c2fd74245853" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoanPurchaseCommitmentsMember_1f7d8508-ffdf-4744-9ad6-64e9f0fd1ef6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanPurchaseCommitmentsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_f54aeea4-2d2c-46af-a076-c2fd74245853" xlink:to="loc_us-gaap_LoanPurchaseCommitmentsMember_1f7d8508-ffdf-4744-9ad6-64e9f0fd1ef6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ContingentConsiderationMember_ff51d157-271d-41cd-b659-0ee03fa647de" xlink:href="rwt-20210331.xsd#rwt_ContingentConsiderationMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_f54aeea4-2d2c-46af-a076-c2fd74245853" xlink:to="loc_rwt_ContingentConsiderationMember_ff51d157-271d-41cd-b659-0ee03fa647de" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetBackedSecuritiesMember_99e8b3db-990f-49b1-92b5-49b7af492574" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetBackedSecuritiesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_f54aeea4-2d2c-46af-a076-c2fd74245853" xlink:to="loc_us-gaap_AssetBackedSecuritiesMember_99e8b3db-990f-49b1-92b5-49b7af492574" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_c7db0a50-d240-4bac-bf4e-4daa355b114f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_ef4ed154-51cd-4121-aa87-0cf7bc934bff" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_c7db0a50-d240-4bac-bf4e-4daa355b114f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown_fc7cb756-12f5-4bbb-96af-4525190f3e34" xlink:href="rwt-20210331.xsd#rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_c7db0a50-d240-4bac-bf4e-4daa355b114f" xlink:to="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown_fc7cb756-12f5-4bbb-96af-4525190f3e34" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown_d0089103-7bb2-48ee-8347-7e7a76b70f73" xlink:href="rwt-20210331.xsd#rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_c7db0a50-d240-4bac-bf4e-4daa355b114f" xlink:to="loc_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown_d0089103-7bb2-48ee-8347-7e7a76b70f73" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_13ca56ae-ee20-498f-8eee-48f04c6e6877" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_6f7ed7a1-3652-43c5-bae6-a268acf1b28d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_13ca56ae-ee20-498f-8eee-48f04c6e6877" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_6f7ed7a1-3652-43c5-bae6-a268acf1b28d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_d55ed8c6-9590-40dc-a067-4796e28d0f24" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_6f7ed7a1-3652-43c5-bae6-a268acf1b28d" xlink:to="loc_us-gaap_FairValueByMeasurementFrequencyAxis_d55ed8c6-9590-40dc-a067-4796e28d0f24" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_a27950f5-2d7f-4980-93bf-8735aa7449d3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_d55ed8c6-9590-40dc-a067-4796e28d0f24" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_a27950f5-2d7f-4980-93bf-8735aa7449d3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsNonrecurringMember_0a5cbfec-b88e-492b-8dbb-b93bdcad2128" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsNonrecurringMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementFrequencyDomain_a27950f5-2d7f-4980-93bf-8735aa7449d3" xlink:to="loc_us-gaap_FairValueMeasurementsNonrecurringMember_0a5cbfec-b88e-492b-8dbb-b93bdcad2128" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7c68930c-c34a-45cf-af1a-66ed35635bd1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_6f7ed7a1-3652-43c5-bae6-a268acf1b28d" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7c68930c-c34a-45cf-af1a-66ed35635bd1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_83f2c68b-d783-45da-9f6f-ecfddcea3605" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7c68930c-c34a-45cf-af1a-66ed35635bd1" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_83f2c68b-d783-45da-9f6f-ecfddcea3605" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherRealEstateOwnedMember_006597f8-5012-4a40-be8f-40ebac55a106" xlink:href="rwt-20210331.xsd#rwt_OtherRealEstateOwnedMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_83f2c68b-d783-45da-9f6f-ecfddcea3605" xlink:to="loc_rwt_OtherRealEstateOwnedMember_006597f8-5012-4a40-be8f-40ebac55a106" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_96ca2157-ff84-4344-bdb2-d14fdb127012" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_6f7ed7a1-3652-43c5-bae6-a268acf1b28d" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_96ca2157-ff84-4344-bdb2-d14fdb127012" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_6f62aaf3-d62c-4fdd-a9bf-7a5ed78b376b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_96ca2157-ff84-4344-bdb2-d14fdb127012" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_6f62aaf3-d62c-4fdd-a9bf-7a5ed78b376b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_29975a13-862f-46e8-8033-7df7afa1f7b4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel1Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_6f62aaf3-d62c-4fdd-a9bf-7a5ed78b376b" xlink:to="loc_us-gaap_FairValueInputsLevel1Member_29975a13-862f-46e8-8033-7df7afa1f7b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_ecb4baa2-d2ae-4a2b-89ab-71535a32c197" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel2Member"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_6f62aaf3-d62c-4fdd-a9bf-7a5ed78b376b" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_ecb4baa2-d2ae-4a2b-89ab-71535a32c197" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_aa22fa6c-be01-413a-b2f4-205986d26563" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel3Member"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_6f62aaf3-d62c-4fdd-a9bf-7a5ed78b376b" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_aa22fa6c-be01-413a-b2f4-205986d26563" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_d9e4375a-4733-4865-ba4a-e316a79335c6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_6f7ed7a1-3652-43c5-bae6-a268acf1b28d" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_d9e4375a-4733-4865-ba4a-e316a79335c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsFairValueDisclosure_2e0256da-0f1c-45ec-9eef-3b96e5fcc55e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssetsFairValueDisclosure"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_d9e4375a-4733-4865-ba4a-e316a79335c6" xlink:to="loc_us-gaap_OtherAssetsFairValueDisclosure_2e0256da-0f1c-45ec-9eef-3b96e5fcc55e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1_fe815797-2388-4a88-84d1-52a59dbd472a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueOptionChangesInFairValueGainLoss1"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_d9e4375a-4733-4865-ba4a-e316a79335c6" xlink:to="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1_fe815797-2388-4a88-84d1-52a59dbd472a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_ca6e648e-b9d6-4a8e-8f78-e1b04f35963a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_9d70eb4e-2ad9-4428-ad82-880e5c21ff72" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_ca6e648e-b9d6-4a8e-8f78-e1b04f35963a" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_9d70eb4e-2ad9-4428-ad82-880e5c21ff72" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_1d16ac39-3c89-44b0-8129-3654d461b0d8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_9d70eb4e-2ad9-4428-ad82-880e5c21ff72" xlink:to="loc_us-gaap_InvestmentTypeAxis_1d16ac39-3c89-44b0-8129-3654d461b0d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_f8ad3d1c-127f-4dcf-afd7-ed94a8ad68b7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_1d16ac39-3c89-44b0-8129-3654d461b0d8" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_f8ad3d1c-127f-4dcf-afd7-ed94a8ad68b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingActivitiesMember_f8b917c8-65cd-437a-b281-0f1a19096a0a" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingActivitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f8ad3d1c-127f-4dcf-afd7-ed94a8ad68b7" xlink:to="loc_rwt_MortgageBankingActivitiesMember_f8b917c8-65cd-437a-b281-0f1a19096a0a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InvestmentActivitiesMember_8e974f77-4c0a-4a18-9b45-52a3537c0664" xlink:href="rwt-20210331.xsd#rwt_InvestmentActivitiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f8ad3d1c-127f-4dcf-afd7-ed94a8ad68b7" xlink:to="loc_rwt_InvestmentActivitiesMember_8e974f77-4c0a-4a18-9b45-52a3537c0664" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember_76eda728-b738-41f8-a0b6-299c8b68f7e6" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_f8ad3d1c-127f-4dcf-afd7-ed94a8ad68b7" xlink:to="loc_rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember_76eda728-b738-41f8-a0b6-299c8b68f7e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_787dbd8c-eec5-4706-8ae0-e6ef9289a35e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_9d70eb4e-2ad9-4428-ad82-880e5c21ff72" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_787dbd8c-eec5-4706-8ae0-e6ef9289a35e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_787dbd8c-eec5-4706-8ae0-e6ef9289a35e" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansAtFairValueMember_019345f9-fea4-4ac8-9253-c4b53ed657a2" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansAtFairValueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_ResidentialLoansAtFairValueMember_019345f9-fea4-4ac8-9253-c4b53ed657a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanPurchaseAndForwardSalesCommitmentsMember_a3f1ab4b-5f6e-42ff-a9b4-d9a9d3e37d85" xlink:href="rwt-20210331.xsd#rwt_LoanPurchaseAndForwardSalesCommitmentsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_LoanPurchaseAndForwardSalesCommitmentsMember_a3f1ab4b-5f6e-42ff-a9b4-d9a9d3e37d85" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember_8ed873ec-efb7-413c-b276-88758643f006" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember_8ed873ec-efb7-413c-b276-88758643f006" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoanPurchaseCommitmentsMember_e2368e76-e4a0-4ef9-9747-3be1768a7b5f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanPurchaseCommitmentsMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_us-gaap_LoanPurchaseCommitmentsMember_e2368e76-e4a0-4ef9-9747-3be1768a7b5f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommercialLoansAtFairValueMember_5a2244a6-af80-44b7-95cf-f3f9b8485477" xlink:href="rwt-20210331.xsd#rwt_CommercialLoansAtFairValueMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_CommercialLoansAtFairValueMember_5a2244a6-af80-44b7-95cf-f3f9b8485477" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TradingSecuritiesMember_5ab18fa8-2dd6-45a3-b106-3a333bdb6f34" xlink:href="rwt-20210331.xsd#rwt_TradingSecuritiesMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_TradingSecuritiesMember_5ab18fa8-2dd6-45a3-b106-3a333bdb6f34" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PriceRiskDerivativeMember_8e601fe2-df15-4ecd-92ee-87bb64594915" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PriceRiskDerivativeMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_us-gaap_PriceRiskDerivativeMember_8e601fe2-df15-4ecd-92ee-87bb64594915" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentMember_70a45619-6cfb-4dfb-978d-e72fc303e79c" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentMember"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentMember_70a45619-6cfb-4dfb-978d-e72fc303e79c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember_11e00dda-4c36-418b-a70e-0c7147061820" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember_11e00dda-4c36-418b-a70e-0c7147061820" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember_88e6f796-f7c9-43c6-b0cf-2edc02ef1aa1" xlink:href="rwt-20210331.xsd#rwt_ResidentialBridgeLoansHeldForInvestmentMember"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember_88e6f796-f7c9-43c6-b0cf-2edc02ef1aa1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceInvestmentsMember_0493b778-9251-4f22-b0c6-31e230ca397a" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceInvestmentsMember"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_ServicerAdvanceInvestmentsMember_0493b778-9251-4f22-b0c6-31e230ca397a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_639b5406-1d5e-439b-8bba-d36cdcd39dc2" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_639b5406-1d5e-439b-8bba-d36cdcd39dc2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_46aa2b06-41f0-4b85-a1d9-c96d6a41260b" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_46aa2b06-41f0-4b85-a1d9-c96d6a41260b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_d1c9da2e-7c1a-422b-ba96-9c9d986390c7" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_d1c9da2e-7c1a-422b-ba96-9c9d986390c7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_5492d910-0c2b-490f-a35d-db375d1f990c" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_5492d910-0c2b-490f-a35d-db375d1f990c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_6952fd6a-fc66-4f41-ad58-0b2baa521890" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_6952fd6a-fc66-4f41-ad58-0b2baa521890" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_5e76eaf1-3622-41e4-895b-36fb20ea5186" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_5e76eaf1-3622-41e4-895b-36fb20ea5186" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SharedHomeAppreciationOptionsMember_7b0e3795-51a4-4034-bac9-a173c37f4721" xlink:href="rwt-20210331.xsd#rwt_SharedHomeAppreciationOptionsMember"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_SharedHomeAppreciationOptionsMember_7b0e3795-51a4-4034-bac9-a173c37f4721" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestmentsMember_969d489e-1717-4c2c-97d5-9b3bdc2a335e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherInvestmentsMember"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_us-gaap_OtherInvestmentsMember_969d489e-1717-4c2c-97d5-9b3bdc2a335e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember_6664165c-25bb-4bc5-9ef0-2a1dd5f0f6fc" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember_6664165c-25bb-4bc5-9ef0-2a1dd5f0f6fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_381ec390-58ef-4620-8500-01cdeaae0c0a" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_1c08aa78-07cf-4bbf-b343-9fa86bd7f96b" xlink:to="loc_rwt_MortgageServicingRightsMember_381ec390-58ef-4620-8500-01cdeaae0c0a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_b4843a76-fc18-419a-9164-735057f8f0d4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_9d70eb4e-2ad9-4428-ad82-880e5c21ff72" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_b4843a76-fc18-419a-9164-735057f8f0d4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_2d093d41-da49-4e4e-ad2c-fbe364d9453e" xlink:href="rwt-20210331.xsd#rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_b4843a76-fc18-419a-9164-735057f8f0d4" xlink:to="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_2d093d41-da49-4e4e-ad2c-fbe364d9453e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsIncomeLossNet_988725ba-3f55-4434-a783-a649cf6a90e8" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsIncomeLossNet"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_b4843a76-fc18-419a-9164-735057f8f0d4" xlink:to="loc_rwt_MortgageServicingRightsIncomeLossNet_988725ba-3f55-4434-a783-a649cf6a90e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MarketValuationAdjustmentsNet_238209fe-11ba-43e2-a9d5-24edde9d18b6" xlink:href="rwt-20210331.xsd#rwt_MarketValuationAdjustmentsNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_b4843a76-fc18-419a-9164-735057f8f0d4" xlink:to="loc_rwt_MarketValuationAdjustmentsNet_238209fe-11ba-43e2-a9d5-24edde9d18b6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_33e3417d-d300-4406-a299-b7360ebe13c6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_c4cdaf8f-22c2-4ca4-8219-cb76628888fc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_33e3417d-d300-4406-a299-b7360ebe13c6" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_c4cdaf8f-22c2-4ca4-8219-cb76628888fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_90a061b1-2adb-478d-9d4a-082e0bcd6fe3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_c4cdaf8f-22c2-4ca4-8219-cb76628888fc" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_90a061b1-2adb-478d-9d4a-082e0bcd6fe3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_90a061b1-2adb-478d-9d4a-082e0bcd6fe3" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember_a6596ef6-b56d-401e-b451-41e387e728af" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember_a6596ef6-b56d-401e-b451-41e387e728af" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember_308c7cc2-7629-4ddf-bc3b-a927397e7e1e" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember_308c7cc2-7629-4ddf-bc3b-a927397e7e1e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_ab4ac13e-bb3d-42b4-bc69-a1cbda5a4561" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_ab4ac13e-bb3d-42b4-bc69-a1cbda5a4561" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_f0daa51a-c8f5-42c8-92f3-7b410dd1195e" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_f0daa51a-c8f5-42c8-92f3-7b410dd1195e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_2967bd88-e233-4b49-a771-16f18929cf74" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_2967bd88-e233-4b49-a771-16f18929cf74" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyBusinessPurposeResidentialLoansMember_aff5a35b-5a4a-4ab8-963d-1c74081cd48f" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyBusinessPurposeResidentialLoansMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_SingleFamilyBusinessPurposeResidentialLoansMember_aff5a35b-5a4a-4ab8-963d-1c74081cd48f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_88588980-6e76-498b-a996-33891850a7e4" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_88588980-6e76-498b-a996-33891850a7e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember_097df59a-ed1d-4f9c-ae13-7df2beb29ce1" xlink:href="rwt-20210331.xsd#rwt_ResidentialBridgeLoansHeldForInvestmentMember"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember_097df59a-ed1d-4f9c-ae13-7df2beb29ce1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_9bf9d848-3544-43c1-bcab-22cce1aae89a" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_9bf9d848-3544-43c1-bcab-22cce1aae89a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InvestmentSecuritiesMember_0b2b9f6f-abf3-45c4-a971-34877d65603d" xlink:href="rwt-20210331.xsd#rwt_InvestmentSecuritiesMember"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_InvestmentSecuritiesMember_0b2b9f6f-abf3-45c4-a971-34877d65603d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceInvestmentsMember_6deb2e78-c547-43ca-be20-e525c75fca6e" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceInvestmentsMember"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_ServicerAdvanceInvestmentsMember_6deb2e78-c547-43ca-be20-e525c75fca6e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoanPurchaseCommitmentsMember_904f70f1-948e-42df-be68-7b95f5439ff0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanPurchaseCommitmentsMember"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_us-gaap_LoanPurchaseCommitmentsMember_904f70f1-948e-42df-be68-7b95f5439ff0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_422eb563-c7f2-4b9a-95ae-711944ef116b" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_MortgageServicingRightsMember_422eb563-c7f2-4b9a-95ae-711944ef116b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_e5f6f5e4-6fc6-437e-83e2-caa288319efe" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_e5f6f5e4-6fc6-437e-83e2-caa288319efe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionMember_c2ed9c6f-199a-48b8-8e7f-6b15e9db22a9" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionMember"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_HomeAppreciationOptionMember_c2ed9c6f-199a-48b8-8e7f-6b15e9db22a9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherRealEstateOwnedMember_fdf3dabd-3274-4a98-80fd-00505a381279" xlink:href="rwt-20210331.xsd#rwt_OtherRealEstateOwnedMember"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_d204beb7-fbc5-4a38-a451-8b3d7048a90b" xlink:to="loc_rwt_OtherRealEstateOwnedMember_fdf3dabd-3274-4a98-80fd-00505a381279" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByLiabilityClassAxis_8bf379c7-ffee-4d5b-916c-54dbac855d13" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByLiabilityClassAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_c4cdaf8f-22c2-4ca4-8219-cb76628888fc" xlink:to="loc_us-gaap_FairValueByLiabilityClassAxis_8bf379c7-ffee-4d5b-916c-54dbac855d13" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_6dc805f5-aa66-4582-bcdd-b5f4dae1d342" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByLiabilityClassAxis_8bf379c7-ffee-4d5b-916c-54dbac855d13" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_6dc805f5-aa66-4582-bcdd-b5f4dae1d342" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoanPurchaseCommitmentsMember_2088fe5e-6d00-4c75-8805-556ee0f41cf1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanPurchaseCommitmentsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_6dc805f5-aa66-4582-bcdd-b5f4dae1d342" xlink:to="loc_us-gaap_LoanPurchaseCommitmentsMember_2088fe5e-6d00-4c75-8805-556ee0f41cf1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ABSIssuedSecuritiesMember_3c93d5b9-3e5e-4af7-8308-d9a7f041a61a" xlink:href="rwt-20210331.xsd#rwt_ABSIssuedSecuritiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_6dc805f5-aa66-4582-bcdd-b5f4dae1d342" xlink:to="loc_rwt_ABSIssuedSecuritiesMember_3c93d5b9-3e5e-4af7-8308-d9a7f041a61a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_9028b568-a64c-44be-a489-6b454673d255" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_6dc805f5-aa66-4582-bcdd-b5f4dae1d342" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_9028b568-a64c-44be-a489-6b454673d255" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_962d6bde-5278-4fc4-a7bf-d02e831f8eba" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_6dc805f5-aa66-4582-bcdd-b5f4dae1d342" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_962d6bde-5278-4fc4-a7bf-d02e831f8eba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_f8694383-1dbb-48ac-acaf-03afeae9e7d8" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_6dc805f5-aa66-4582-bcdd-b5f4dae1d342" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_f8694383-1dbb-48ac-acaf-03afeae9e7d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputTypeAxis_9daa9c11-add1-44fd-a0e6-6625d2b4c2b0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputTypeAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_c4cdaf8f-22c2-4ca4-8219-cb76628888fc" xlink:to="loc_us-gaap_MeasurementInputTypeAxis_9daa9c11-add1-44fd-a0e6-6625d2b4c2b0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeAxis_9daa9c11-add1-44fd-a0e6-6625d2b4c2b0" xlink:to="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputPrepaymentRateMember_ccf62ef0-50b9-4656-b7c4-d05a9e5a6a93" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputPrepaymentRateMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_us-gaap_MeasurementInputPrepaymentRateMember_ccf62ef0-50b9-4656-b7c4-d05a9e5a6a93" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_WholeLoanSpreadToTBAPriceMember_4253111e-9755-4b05-917a-f3403f3568d3" xlink:href="rwt-20210331.xsd#rwt_WholeLoanSpreadToTBAPriceMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_WholeLoanSpreadToTBAPriceMember_4253111e-9755-4b05-917a-f3403f3568d3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputWholeLoanSpreadToSwapRateMember_15c2cfd6-33eb-4ce5-8095-2636859eb853" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputWholeLoanSpreadToSwapRateMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputWholeLoanSpreadToSwapRateMember_15c2cfd6-33eb-4ce5-8095-2636859eb853" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputWholeLoanCommittedSalesPriceMember_a30cb8d3-d391-4e10-abb3-353ea26bd701" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputWholeLoanCommittedSalesPriceMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputWholeLoanCommittedSalesPriceMember_a30cb8d3-d391-4e10-abb3-353ea26bd701" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorCreditSpreadMember_dee0423c-0a1f-400d-9e99-6c446c5d1103" xlink:href="rwt-20210331.xsd#rwt_SeniorCreditSpreadMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_SeniorCreditSpreadMember_dee0423c-0a1f-400d-9e99-6c446c5d1103" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputSubordinateCreditSpreadMember_5c5c5190-ea9e-432e-aed2-4fd605af7d14" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputSubordinateCreditSpreadMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputSubordinateCreditSpreadMember_5c5c5190-ea9e-432e-aed2-4fd605af7d14" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorCreditSupportMember_be91fac0-f644-4599-b06c-a65aa45f9684" xlink:href="rwt-20210331.xsd#rwt_SeniorCreditSupportMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_SeniorCreditSupportMember_be91fac0-f644-4599-b06c-a65aa45f9684" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputISODiscountRateMember_103b81e1-358f-4390-8688-234d476fcd18" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputISODiscountRateMember"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputISODiscountRateMember_103b81e1-358f-4390-8688-234d476fcd18" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember_ba5d16f5-0dea-4df0-a3bd-b929d3634b2f" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember_ba5d16f5-0dea-4df0-a3bd-b929d3634b2f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputDiscountRateMember_05b790f5-e0a8-47e3-a065-c0c895f014e9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputDiscountRateMember"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_us-gaap_MeasurementInputDiscountRateMember_05b790f5-e0a8-47e3-a065-c0c895f014e9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputDefaultRateMember_7724cfa0-29ea-4a04-bb71-91ed91aa0880" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputDefaultRateMember"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_us-gaap_MeasurementInputDefaultRateMember_7724cfa0-29ea-4a04-bb71-91ed91aa0880" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputLossSeverityMember_3be20513-503e-466f-8f39-ebc61ad51981" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputLossSeverityMember"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_us-gaap_MeasurementInputLossSeverityMember_3be20513-503e-466f-8f39-ebc61ad51981" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputCRTDollarPriceMember_956d2dc4-1a58-4c06-b035-1b248e90ec0d" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputCRTDollarPriceMember"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputCRTDollarPriceMember_956d2dc4-1a58-4c06-b035-1b248e90ec0d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputMortgageServicingIncomeMember_721af2d9-35f1-4057-a3df-b2bd5d3eff41" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputMortgageServicingIncomeMember"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputMortgageServicingIncomeMember_721af2d9-35f1-4057-a3df-b2bd5d3eff41" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputPerLoanAnnualCostToServiceMember_b1c87018-370c-44b4-b81d-f1a4b9ae3a83" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputPerLoanAnnualCostToServiceMember"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputPerLoanAnnualCostToServiceMember_b1c87018-370c-44b4-b81d-f1a4b9ae3a83" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputExcessMortgageServicingAmountMember_193260ee-7887-4a1f-a30e-1140240d697c" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputExcessMortgageServicingAmountMember"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputExcessMortgageServicingAmountMember_193260ee-7887-4a1f-a30e-1140240d697c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputHomePriceAppreciationMember_e601e40d-2087-4827-9339-8d89e1a70979" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputHomePriceAppreciationMember"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputHomePriceAppreciationMember_e601e40d-2087-4827-9339-8d89e1a70979" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputCommittedSalesPriceMember_0162d139-988d-4f7e-98c6-dddad5eb1c94" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputCommittedSalesPriceMember"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputCommittedSalesPriceMember_0162d139-988d-4f7e-98c6-dddad5eb1c94" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MeasurementInputPullthroughRateMember_c7e4a56a-54a2-41a5-ac36-efd17484d208" xlink:href="rwt-20210331.xsd#rwt_MeasurementInputPullthroughRateMember"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MeasurementInputPullthroughRateMember_c7e4a56a-54a2-41a5-ac36-efd17484d208" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MSRMultipleMember_f21f1d38-687c-4f79-a889-8b2624971ab1" xlink:href="rwt-20210331.xsd#rwt_MSRMultipleMember"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_4c623c06-08d3-4a46-9942-0e167ac186d3" xlink:to="loc_rwt_MSRMultipleMember_f21f1d38-687c-4f79-a889-8b2624971ab1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_232a528c-59d9-4858-9c33-843d5becb705" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_c4cdaf8f-22c2-4ca4-8219-cb76628888fc" xlink:to="loc_srt_RangeAxis_232a528c-59d9-4858-9c33-843d5becb705" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_d9cdcdb8-08d6-48ca-8b9e-5aba89af7dc7" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_232a528c-59d9-4858-9c33-843d5becb705" xlink:to="loc_srt_RangeMember_d9cdcdb8-08d6-48ca-8b9e-5aba89af7dc7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_34389f5a-b5ba-4910-b26e-a5bdd0e3e6fc" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_d9cdcdb8-08d6-48ca-8b9e-5aba89af7dc7" xlink:to="loc_srt_MinimumMember_34389f5a-b5ba-4910-b26e-a5bdd0e3e6fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_294a4499-faed-4429-8059-bc1725202f48" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_d9cdcdb8-08d6-48ca-8b9e-5aba89af7dc7" xlink:to="loc_srt_MaximumMember_294a4499-faed-4429-8059-bc1725202f48" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_WeightedAverageMember_eeb3f114-97ba-4abc-89d1-15946017e3ed" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_WeightedAverageMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_d9cdcdb8-08d6-48ca-8b9e-5aba89af7dc7" xlink:to="loc_srt_WeightedAverageMember_eeb3f114-97ba-4abc-89d1-15946017e3ed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_e7d5a573-8e6a-4aee-bb95-063114c50278" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_c4cdaf8f-22c2-4ca4-8219-cb76628888fc" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_e7d5a573-8e6a-4aee-bb95-063114c50278" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsFairValueDisclosureAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_e7d5a573-8e6a-4aee-bb95-063114c50278" xlink:to="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFairValue_081a3432-3237-4a34-9ae0-1193b2041f76" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentFairValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_us-gaap_DebtInstrumentFairValue_081a3432-3237-4a34-9ae0-1193b2041f76" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansReceivableFairValueDisclosure_dcb3b1c1-4e4f-4035-a554-825730ae1bb1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_us-gaap_LoansReceivableFairValueDisclosure_dcb3b1c1-4e4f-4035-a554-825730ae1bb1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansHeldForSaleMeasurementInput_c9689717-3487-4733-962c-b03c2348631e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansHeldForSaleMeasurementInput"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_us-gaap_LoansHeldForSaleMeasurementInput_c9689717-3487-4733-962c-b03c2348631e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansReceivableMeasurementInput_cea8f65f-3239-4496-bdc5-45f6c6e68fd5" xlink:href="rwt-20210331.xsd#rwt_LoansReceivableMeasurementInput"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_rwt_LoansReceivableMeasurementInput_cea8f65f-3239-4496-bdc5-45f6c6e68fd5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansHeldForInvestmentMeasurementInput_84e71c54-9e07-4ce3-bfdb-a3d1d1865c8f" xlink:href="rwt-20210331.xsd#rwt_LoansHeldForInvestmentMeasurementInput"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_rwt_LoansHeldForInvestmentMeasurementInput_84e71c54-9e07-4ce3-bfdb-a3d1d1865c8f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure_71ed301a-d3fc-4e13-a768-1b75fa66f355" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure_71ed301a-d3fc-4e13-a768-1b75fa66f355" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput_838607aa-13ca-432d-8f8b-e1225a14dd85" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput_838607aa-13ca-432d-8f8b-e1225a14dd85" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAsset_989c05bb-e9ce-4874-8b9e-9030cfc2055a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAsset"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_us-gaap_ServicingAsset_989c05bb-e9ce-4874-8b9e-9030cfc2055a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetMeasurementInput_16b71c42-f3c4-4bc4-9c07-921dafafec20" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetMeasurementInput"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_us-gaap_ServicingAssetMeasurementInput_16b71c42-f3c4-4bc4-9c07-921dafafec20" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetExpectedRemainingLife_46410288-c0a3-4763-b7ba-9e0270df8121" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetExpectedRemainingLife"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_rwt_ServicingAssetExpectedRemainingLife_46410288-c0a3-4763-b7ba-9e0270df8121" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionsFairvalueDisclosure_75984a13-5973-462c-bb4f-85dbaa362d8d" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionsFairvalueDisclosure"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_rwt_HomeAppreciationOptionsFairvalueDisclosure_75984a13-5973-462c-bb4f-85dbaa362d8d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionsMeasurementInput_dd6e024b-2639-4bda-973d-a9acdfb93f95" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionsMeasurementInput"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_rwt_HomeAppreciationOptionsMeasurementInput_dd6e024b-2639-4bda-973d-a9acdfb93f95" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherRealEstate_a3a8da5b-3896-428b-b11a-52396f6d4a30" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherRealEstate"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_us-gaap_OtherRealEstate_a3a8da5b-3896-428b-b11a-52396f6d4a30" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherRealEstateOwnedMeasurementInput_c77a54bf-290d-4377-99db-a14073b29a1b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherRealEstateOwnedMeasurementInput"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_83d2a70f-b099-4fa5-97b9-66ebe546f868" xlink:to="loc_us-gaap_OtherRealEstateOwnedMeasurementInput_c77a54bf-290d-4377-99db-a14073b29a1b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_f189aa64-aa2b-410d-80b9-43f366bbb199" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosureAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_e7d5a573-8e6a-4aee-bb95-063114c50278" xlink:to="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_f189aa64-aa2b-410d-80b9-43f366bbb199" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanPurchaseCommitmentsFairValueDisclosure_be05e680-4053-4f83-b595-967ba7beb3e7" xlink:href="rwt-20210331.xsd#rwt_LoanPurchaseCommitmentsFairValueDisclosure"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_f189aa64-aa2b-410d-80b9-43f366bbb199" xlink:to="loc_rwt_LoanPurchaseCommitmentsFairValueDisclosure_be05e680-4053-4f83-b595-967ba7beb3e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilityMeasurementInput_0bda4992-5a3c-4924-8882-25605e1151e6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilityMeasurementInput"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_f189aa64-aa2b-410d-80b9-43f366bbb199" xlink:to="loc_us-gaap_DerivativeLiabilityMeasurementInput_0bda4992-5a3c-4924-8882-25605e1151e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingLiabilityAtFairValueAmount_b86c1643-9592-401d-af0b-5790aea68c19" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingLiabilityAtFairValueAmount"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_f189aa64-aa2b-410d-80b9-43f366bbb199" xlink:to="loc_us-gaap_ServicingLiabilityAtFairValueAmount_b86c1643-9592-401d-af0b-5790aea68c19" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingLiabilityMeasurementInput_6c45c7f1-ba2b-47a9-8fa6-a85e76eb2c11" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingLiabilityMeasurementInput"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_f189aa64-aa2b-410d-80b9-43f366bbb199" xlink:to="loc_us-gaap_ServicingLiabilityMeasurementInput_6c45c7f1-ba2b-47a9-8fa6-a85e76eb2c11" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue_f37dd0f5-2671-45c0-8ac0-e12e08e35751" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_e7d5a573-8e6a-4aee-bb95-063114c50278" xlink:to="loc_us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue_f37dd0f5-2671-45c0-8ac0-e12e08e35751" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoans" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoans"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoans" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesAbstract_18314296-4afb-4bd8-8019-5d36a4b6b8cf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_d67877d1-0412-4b09-bd05-692d27631d68" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_18314296-4afb-4bd8-8019-5d36a4b6b8cf" xlink:to="loc_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_d67877d1-0412-4b09-bd05-692d27631d68" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesAbstract_11362f3c-7d9e-4fcc-af75-02f71d1bbf94" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CarryingValueOfLoansTableTextBlock_4f73b0ce-e9c8-4bca-a6eb-4431bf50a5e2" xlink:href="rwt-20210331.xsd#rwt_CarryingValueOfLoansTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_11362f3c-7d9e-4fcc-af75-02f71d1bbf94" xlink:to="loc_rwt_CarryingValueOfLoansTableTextBlock_4f73b0ce-e9c8-4bca-a6eb-4431bf50a5e2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock_dbfa6351-09ba-46f9-8005-cb347a151070" xlink:href="rwt-20210331.xsd#rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_11362f3c-7d9e-4fcc-af75-02f71d1bbf94" xlink:to="loc_rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock_dbfa6351-09ba-46f9-8005-cb347a151070" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock_f5186746-a9b3-4f8b-a2cd-188675a8eff4" xlink:href="rwt-20210331.xsd#rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_11362f3c-7d9e-4fcc-af75-02f71d1bbf94" xlink:to="loc_rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock_f5186746-a9b3-4f8b-a2cd-188675a8eff4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock_da440a12-29d9-40b4-bd4e-168dbbbd4538" xlink:href="rwt-20210331.xsd#rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_11362f3c-7d9e-4fcc-af75-02f71d1bbf94" xlink:to="loc_rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock_da440a12-29d9-40b4-bd4e-168dbbbd4538" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock_98db8393-1b13-4b58-9a56-fa86a7c02eff" xlink:href="rwt-20210331.xsd#rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_11362f3c-7d9e-4fcc-af75-02f71d1bbf94" xlink:to="loc_rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock_98db8393-1b13-4b58-9a56-fa86a7c02eff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesAbstract_d3950131-83aa-4634-939d-0e1ac543b655" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_d9428e52-e4e8-4566-a3a5-ee93ff267de8" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_d3950131-83aa-4634-939d-0e1ac543b655" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_d9428e52-e4e8-4566-a3a5-ee93ff267de8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_b8317129-f9bb-4cdc-bdbe-ad670b2078f8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_d9428e52-e4e8-4566-a3a5-ee93ff267de8" xlink:to="loc_us-gaap_FinancialInstrumentAxis_b8317129-f9bb-4cdc-bdbe-ad670b2078f8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_b855818c-c20e-4693-ad51-2b1572d965dc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_b8317129-f9bb-4cdc-bdbe-ad670b2078f8" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_b855818c-c20e-4693-ad51-2b1572d965dc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageMember_b12c4388-88f3-4f1e-aa5c-63568d960b96" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_b855818c-c20e-4693-ad51-2b1572d965dc" xlink:to="loc_us-gaap_ResidentialMortgageMember_b12c4388-88f3-4f1e-aa5c-63568d960b96" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis_fc24ea65-df34-46fb-890a-2e294cf1c353" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LegalEntityAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_d9428e52-e4e8-4566-a3a5-ee93ff267de8" xlink:to="loc_dei_LegalEntityAxis_fc24ea65-df34-46fb-890a-2e294cf1c353" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_b2601ae6-5704-42cb-aac0-14210fc18a21" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_fc24ea65-df34-46fb-890a-2e294cf1c353" xlink:to="loc_dei_EntityDomain_b2601ae6-5704-42cb-aac0-14210fc18a21" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RedwoodTrustInc.Member_bfdf9c7e-d4a4-472b-bb77-0a7df66008e1" xlink:href="rwt-20210331.xsd#rwt_RedwoodTrustInc.Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_b2601ae6-5704-42cb-aac0-14210fc18a21" xlink:to="loc_rwt_RedwoodTrustInc.Member_bfdf9c7e-d4a4-472b-bb77-0a7df66008e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_b019dae8-1355-4325-ae90-0bfe1a697885" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_d9428e52-e4e8-4566-a3a5-ee93ff267de8" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_b019dae8-1355-4325-ae90-0bfe1a697885" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_a28e204f-88a4-43f4-a2a2-2d4f84e10648" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_b019dae8-1355-4325-ae90-0bfe1a697885" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_a28e204f-88a4-43f4-a2a2-2d4f84e10648" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForSaleMember_e181b4af-250f-47b5-a9ca-9225430ecf59" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForSaleMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_a28e204f-88a4-43f4-a2a2-2d4f84e10648" xlink:to="loc_rwt_ResidentialLoansHeldForSaleMember_e181b4af-250f-47b5-a9ca-9225430ecf59" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_61ab03de-1f30-4a6d-b2a7-7699e573d2b6" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentAtFairValueMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_a28e204f-88a4-43f4-a2a2-2d4f84e10648" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_61ab03de-1f30-4a6d-b2a7-7699e573d2b6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_4a0535c5-1626-42c1-a454-9e54d565394d" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_d9428e52-e4e8-4566-a3a5-ee93ff267de8" xlink:to="loc_srt_ConsolidatedEntitiesAxis_4a0535c5-1626-42c1-a454-9e54d565394d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_3c6731fc-5b01-491d-919a-2519ec60d8e2" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_4a0535c5-1626-42c1-a454-9e54d565394d" xlink:to="loc_srt_ConsolidatedEntitiesDomain_3c6731fc-5b01-491d-919a-2519ec60d8e2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_a77d5c7e-f14a-4df2-a13c-68dd717e0cb7" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_3c6731fc-5b01-491d-919a-2519ec60d8e2" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_a77d5c7e-f14a-4df2-a13c-68dd717e0cb7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_5f7c5f04-2e09-44ca-9db1-211bd45ae94f" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_3c6731fc-5b01-491d-919a-2519ec60d8e2" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_5f7c5f04-2e09-44ca-9db1-211bd45ae94f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_7544255d-06ae-4e2c-a20f-4d58ec554e42" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_3c6731fc-5b01-491d-919a-2519ec60d8e2" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_7544255d-06ae-4e2c-a20f-4d58ec554e42" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_55f125b4-ae46-44b6-b334-9ca29a2a42cc" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_d9428e52-e4e8-4566-a3a5-ee93ff267de8" xlink:to="loc_srt_MortgageLoansOnRealEstateLineItems_55f125b4-ae46-44b6-b334-9ca29a2a42cc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_bb3a8003-af9e-4f71-ab35-01259aa2ce93" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_55f125b4-ae46-44b6-b334-9ca29a2a42cc" xlink:to="loc_us-gaap_NotesReceivableNet_bb3a8003-af9e-4f71-ab35-01259aa2ce93" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesAbstract_effcc9d8-b7f8-47ee-9c8b-12a99aab70f0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_b696aead-d2dd-4e62-ac68-d7fa8b3804b1" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_effcc9d8-b7f8-47ee-9c8b-12a99aab70f0" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_b696aead-d2dd-4e62-ac68-d7fa8b3804b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_c7f81d5b-7774-4293-bec6-ee74b81a3dea" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_b696aead-d2dd-4e62-ac68-d7fa8b3804b1" xlink:to="loc_us-gaap_InvestmentTypeAxis_c7f81d5b-7774-4293-bec6-ee74b81a3dea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_ac700212-5c33-4c63-8ec8-c0cb308cedec" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_c7f81d5b-7774-4293-bec6-ee74b81a3dea" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_ac700212-5c33-4c63-8ec8-c0cb308cedec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_0b935618-7bbd-4ebe-ae12-c1a280fd1b17" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_ac700212-5c33-4c63-8ec8-c0cb308cedec" xlink:to="loc_rwt_MortgageServicingRightsMember_0b935618-7bbd-4ebe-ae12-c1a280fd1b17" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_4c5d496e-fe39-4ab8-a265-0d3876fa592a" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_b696aead-d2dd-4e62-ac68-d7fa8b3804b1" xlink:to="loc_srt_MortgageLoansOnRealEstateLineItems_4c5d496e-fe39-4ab8-a265-0d3876fa592a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtAmortizedValue_95d7ce14-a64a-4303-86cb-66a2d6b4c26b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtAmortizedValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_4c5d496e-fe39-4ab8-a265-0d3876fa592a" xlink:to="loc_us-gaap_ServicingAssetAtAmortizedValue_95d7ce14-a64a-4303-86cb-66a2d6b4c26b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesAbstract_370798f7-5832-4f14-b2c3-63290198b4b6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_2f62022c-9be6-4767-b0d4-bf81d936b92a" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_370798f7-5832-4f14-b2c3-63290198b4b6" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_2f62022c-9be6-4767-b0d4-bf81d936b92a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_30e9084c-30e4-4be1-b586-ac0ba9eb5b71" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_2f62022c-9be6-4767-b0d4-bf81d936b92a" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_30e9084c-30e4-4be1-b586-ac0ba9eb5b71" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_a05efc40-76a4-4412-bac1-3ce1e7ff883c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_30e9084c-30e4-4be1-b586-ac0ba9eb5b71" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_a05efc40-76a4-4412-bac1-3ce1e7ff883c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansAtFairValueMember_514d035f-58da-4c78-9ef2-56396be35aae" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansAtFairValueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_a05efc40-76a4-4412-bac1-3ce1e7ff883c" xlink:to="loc_rwt_ResidentialLoansAtFairValueMember_514d035f-58da-4c78-9ef2-56396be35aae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_6fa6b398-8c1a-4a32-a04a-3e023ce58ce8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_2f62022c-9be6-4767-b0d4-bf81d936b92a" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_6fa6b398-8c1a-4a32-a04a-3e023ce58ce8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_c2e44934-8bcf-4df6-934c-8b8843b151ca" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_6fa6b398-8c1a-4a32-a04a-3e023ce58ce8" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_c2e44934-8bcf-4df6-934c-8b8843b151ca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_70805032-1999-4cee-b453-da41d4e6d175" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_c2e44934-8bcf-4df6-934c-8b8843b151ca" xlink:to="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_70805032-1999-4cee-b453-da41d4e6d175" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_2f62022c-9be6-4767-b0d4-bf81d936b92a" xlink:to="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateNumberOfLoans_1872ebd3-c8bd-48a5-816f-a5198b857128" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateNumberOfLoans"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:to="loc_srt_MortgageLoansOnRealEstateNumberOfLoans_1872ebd3-c8bd-48a5-816f-a5198b857128" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_26e2f11b-2ec9-41bd-9edc-9ec76598bfbb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:to="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_26e2f11b-2ec9-41bd-9edc-9ec76598bfbb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_23984a37-b937-4b6a-a8cb-3fbd70b52eca" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:to="loc_us-gaap_NotesReceivableNet_23984a37-b937-4b6a-a8cb-3fbd70b52eca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansPledgedAsCollateral_99ce8847-9a72-4b70-b244-4f405985bbee" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansPledgedAsCollateral"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:to="loc_us-gaap_LoansPledgedAsCollateral_99ce8847-9a72-4b70-b244-4f405985bbee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansPastDue_5903dde0-2c8f-4de2-ba29-e591138733e3" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansPastDue"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:to="loc_rwt_FinancingReceivableNumberOfLoansPastDue_5903dde0-2c8f-4de2-ba29-e591138733e3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue_e08a7f64-28a6-4966-a337-fa3c3d0897d4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentPastDue"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue_e08a7f64-28a6-4966-a337-fa3c3d0897d4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_e4571de3-ae74-48ef-aac1-8a744723e667" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:to="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_e4571de3-ae74-48ef-aac1-8a744723e667" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure_f89deb63-5d85-4c2f-8f10-3880f006ba3a" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansInForeclosure"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_476886a6-7a54-4b6c-8295-03170c79b9c1" xlink:to="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure_f89deb63-5d85-4c2f-8f10-3880f006ba3a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesAbstract_944b5010-f5c2-4568-b667-3a59b79af28e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_c4f58a93-dbe4-4a0f-8982-2564be256a68" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_944b5010-f5c2-4568-b667-3a59b79af28e" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_c4f58a93-dbe4-4a0f-8982-2564be256a68" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_9b4e44fd-bfdb-4b93-b790-93cdf878a45f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_c4f58a93-dbe4-4a0f-8982-2564be256a68" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_9b4e44fd-bfdb-4b93-b790-93cdf878a45f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f7806a84-b072-46fc-bddd-a04474c9e483" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_9b4e44fd-bfdb-4b93-b790-93cdf878a45f" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f7806a84-b072-46fc-bddd-a04474c9e483" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansAtFairValueMember_bc93d1f1-90d9-49fd-9b0d-cf660873a4dd" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansAtFairValueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f7806a84-b072-46fc-bddd-a04474c9e483" xlink:to="loc_rwt_ResidentialLoansAtFairValueMember_bc93d1f1-90d9-49fd-9b0d-cf660873a4dd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_ff69508f-03ed-4203-98de-4c0df41e9ce1" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_c4f58a93-dbe4-4a0f-8982-2564be256a68" xlink:to="loc_srt_MortgageLoansOnRealEstateLineItems_ff69508f-03ed-4203-98de-4c0df41e9ce1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod_b0b1b184-5500-4fe2-ba7f-f656d90f74c6" xlink:href="rwt-20210331.xsd#rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_ff69508f-03ed-4203-98de-4c0df41e9ce1" xlink:to="loc_rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod_b0b1b184-5500-4fe2-ba7f-f656d90f74c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PrincipalBalanceofLoansSoldDuringPeriod_7a294076-9abd-484b-8d17-ddcd2e6093a4" xlink:href="rwt-20210331.xsd#rwt_PrincipalBalanceofLoansSoldDuringPeriod"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_ff69508f-03ed-4203-98de-4c0df41e9ce1" xlink:to="loc_rwt_PrincipalBalanceofLoansSoldDuringPeriod_7a294076-9abd-484b-8d17-ddcd2e6093a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1_5f508db3-97b9-4835-b438-8d68f2933d55" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueOptionChangesInFairValueGainLoss1"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_ff69508f-03ed-4203-98de-4c0df41e9ce1" xlink:to="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1_5f508db3-97b9-4835-b438-8d68f2933d55" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesAbstract_60a4db39-9796-4d7a-a3bb-953ae02fc0b8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_8ef70181-7cd8-43b5-beb0-ebbc145ed1ce" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_60a4db39-9796-4d7a-a3bb-953ae02fc0b8" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_8ef70181-7cd8-43b5-beb0-ebbc145ed1ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_8435eabf-23f2-48cd-a842-6bd52207b21a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_8ef70181-7cd8-43b5-beb0-ebbc145ed1ce" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_8435eabf-23f2-48cd-a842-6bd52207b21a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f765978a-108a-4776-9a6b-7de96b66756c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_8435eabf-23f2-48cd-a842-6bd52207b21a" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f765978a-108a-4776-9a6b-7de96b66756c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_46b63a01-c706-4ef9-8fb5-1a2b65f1adeb" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentAtFairValueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_f765978a-108a-4776-9a6b-7de96b66756c" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_46b63a01-c706-4ef9-8fb5-1a2b65f1adeb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_a482c83b-8f10-4b5e-83f6-d98cc4e239bf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_8ef70181-7cd8-43b5-beb0-ebbc145ed1ce" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_a482c83b-8f10-4b5e-83f6-d98cc4e239bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_e4ac39dd-1e3d-4d0c-bdb4-2e998d7b6f9d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_a482c83b-8f10-4b5e-83f6-d98cc4e239bf" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_e4ac39dd-1e3d-4d0c-bdb4-2e998d7b6f9d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_a90af828-4f02-45ad-a126-c6fefca232d3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_e4ac39dd-1e3d-4d0c-bdb4-2e998d7b6f9d" xlink:to="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_a90af828-4f02-45ad-a126-c6fefca232d3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_0cb4c0c9-df85-4378-87db-bb9febc2398c" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_8ef70181-7cd8-43b5-beb0-ebbc145ed1ce" xlink:to="loc_srt_ConsolidatedEntitiesAxis_0cb4c0c9-df85-4378-87db-bb9febc2398c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_ed2b4024-3393-4608-8772-dcacf39f8cfd" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_0cb4c0c9-df85-4378-87db-bb9febc2398c" xlink:to="loc_srt_ConsolidatedEntitiesDomain_ed2b4024-3393-4608-8772-dcacf39f8cfd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_c668521d-e65f-4ef9-808c-76d53bb48150" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_ed2b4024-3393-4608-8772-dcacf39f8cfd" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_c668521d-e65f-4ef9-808c-76d53bb48150" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_de3dc8df-b9da-4c2c-b479-a8ac2b2a3053" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_ed2b4024-3393-4608-8772-dcacf39f8cfd" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_de3dc8df-b9da-4c2c-b479-a8ac2b2a3053" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_903be564-4a81-424f-a4cb-cf954d9518ca" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_ed2b4024-3393-4608-8772-dcacf39f8cfd" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_903be564-4a81-424f-a4cb-cf954d9518ca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_8ef70181-7cd8-43b5-beb0-ebbc145ed1ce" xlink:to="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateNumberOfLoans_68607b19-509d-434d-aa1f-dcdf9dec8924" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateNumberOfLoans"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:to="loc_srt_MortgageLoansOnRealEstateNumberOfLoans_68607b19-509d-434d-aa1f-dcdf9dec8924" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_29c18e13-8186-4e5a-877e-5e6bb4975ce1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:to="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_29c18e13-8186-4e5a-877e-5e6bb4975ce1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_0bf950e8-9b64-487b-bb81-d153ad5cf13e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:to="loc_us-gaap_NotesReceivableNet_0bf950e8-9b64-487b-bb81-d153ad5cf13e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansPastDue_6209218c-f2fa-49e8-bd26-43c458765543" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansPastDue"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:to="loc_rwt_FinancingReceivableNumberOfLoansPastDue_6209218c-f2fa-49e8-bd26-43c458765543" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_bbcc2c3d-5a2d-41d0-8952-6547372b1b3d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:to="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_bbcc2c3d-5a2d-41d0-8952-6547372b1b3d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure_755d0d15-85da-4d19-a89a-14d5e7af01c9" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansInForeclosure"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:to="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure_755d0d15-85da-4d19-a89a-14d5e7af01c9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure_962bbbbe-0706-438b-a192-3c874de1c95b" xlink:href="rwt-20210331.xsd#rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_9b4d4ca5-0339-4eb5-98bd-e0a37a70985b" xlink:to="loc_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure_962bbbbe-0706-438b-a192-3c874de1c95b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesAbstract_ee2590b7-a43c-4e47-8772-64d37e4ec1ef" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_aa1999bc-e91b-4f05-8091-0a460fbb0f19" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_ee2590b7-a43c-4e47-8772-64d37e4ec1ef" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_aa1999bc-e91b-4f05-8091-0a460fbb0f19" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_4cc1908d-01f5-420a-9875-8d17fee5f4a0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_aa1999bc-e91b-4f05-8091-0a460fbb0f19" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_4cc1908d-01f5-420a-9875-8d17fee5f4a0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_ee0c5a45-acf2-43c9-a6af-7b8ddc21cde5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_4cc1908d-01f5-420a-9875-8d17fee5f4a0" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_ee0c5a45-acf2-43c9-a6af-7b8ddc21cde5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_cb78ba85-3a20-4243-bb92-b7b20c4281e4" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentAtFairValueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_ee0c5a45-acf2-43c9-a6af-7b8ddc21cde5" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_cb78ba85-3a20-4243-bb92-b7b20c4281e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis_b1e1d3b7-608b-4b82-ad16-dab8b00f243f" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LegalEntityAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_aa1999bc-e91b-4f05-8091-0a460fbb0f19" xlink:to="loc_dei_LegalEntityAxis_b1e1d3b7-608b-4b82-ad16-dab8b00f243f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_b8ce2cb0-c9c7-4f4d-9463-f423ddfc713f" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_b1e1d3b7-608b-4b82-ad16-dab8b00f243f" xlink:to="loc_dei_EntityDomain_b8ce2cb0-c9c7-4f4d-9463-f423ddfc713f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RedwoodTrustInc.Member_82b8e31b-b088-47c4-bc83-f941bce5481a" xlink:href="rwt-20210331.xsd#rwt_RedwoodTrustInc.Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_b8ce2cb0-c9c7-4f4d-9463-f423ddfc713f" xlink:to="loc_rwt_RedwoodTrustInc.Member_82b8e31b-b088-47c4-bc83-f941bce5481a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_8246555f-8f50-44de-ae44-1c01aa82cb8e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_aa1999bc-e91b-4f05-8091-0a460fbb0f19" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_8246555f-8f50-44de-ae44-1c01aa82cb8e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_3f8f5765-bd5b-4e33-aaa8-2399666d53f1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_8246555f-8f50-44de-ae44-1c01aa82cb8e" xlink:to="loc_us-gaap_RelatedPartyDomain_3f8f5765-bd5b-4e33-aaa8-2399666d53f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_f86cd563-181c-43c5-ba2a-8ded3ee73555" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_3f8f5765-bd5b-4e33-aaa8-2399666d53f1" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_f86cd563-181c-43c5-ba2a-8ded3ee73555" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_c131b296-1a9f-4684-a4eb-453d7c77d781" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_3f8f5765-bd5b-4e33-aaa8-2399666d53f1" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_c131b296-1a9f-4684-a4eb-453d7c77d781" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_f459638f-e632-4e06-955e-1d09629ade43" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_aa1999bc-e91b-4f05-8091-0a460fbb0f19" xlink:to="loc_srt_ConsolidatedEntitiesAxis_f459638f-e632-4e06-955e-1d09629ade43" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_08b0bafb-66ac-4b27-ad90-462800cfb8a5" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_f459638f-e632-4e06-955e-1d09629ade43" xlink:to="loc_srt_ConsolidatedEntitiesDomain_08b0bafb-66ac-4b27-ad90-462800cfb8a5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_7a4528da-cffe-408f-a42b-7aff393e3204" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_08b0bafb-66ac-4b27-ad90-462800cfb8a5" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_7a4528da-cffe-408f-a42b-7aff393e3204" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_9da66423-1ca1-493d-8be6-5822d4b5bd4e" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_08b0bafb-66ac-4b27-ad90-462800cfb8a5" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_9da66423-1ca1-493d-8be6-5822d4b5bd4e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_7e2213ea-e8fd-45fa-8cb7-25abcc991519" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_aa1999bc-e91b-4f05-8091-0a460fbb0f19" xlink:to="loc_srt_MortgageLoansOnRealEstateLineItems_7e2213ea-e8fd-45fa-8cb7-25abcc991519" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1_a152a390-80e0-47a8-b803-8be8b3102758" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_7e2213ea-e8fd-45fa-8cb7-25abcc991519" xlink:to="loc_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1_a152a390-80e0-47a8-b803-8be8b3102758" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableReclassificationToHeldForSale_247ee88a-33de-4422-a9c5-b1d7ff3f3bdc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableReclassificationToHeldForSale"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_7e2213ea-e8fd-45fa-8cb7-25abcc991519" xlink:to="loc_us-gaap_FinancingReceivableReclassificationToHeldForSale_247ee88a-33de-4422-a9c5-b1d7ff3f3bdc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1_6e2569d5-61ba-4bd3-aaf0-9897930cfac0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueOptionChangesInFairValueGainLoss1"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_7e2213ea-e8fd-45fa-8cb7-25abcc991519" xlink:to="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1_6e2569d5-61ba-4bd3-aaf0-9897930cfac0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease_9ff883b8-1edf-43a4-81f0-979a7b911f24" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_7e2213ea-e8fd-45fa-8cb7-25abcc991519" xlink:to="loc_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease_9ff883b8-1edf-43a4-81f0-979a7b911f24" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BusinessPurposeLoans" xlink:type="simple" xlink:href="rwt-20210331.xsd#BusinessPurposeLoans"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/BusinessPurposeLoans" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesAbstract_29512e2a-f2c8-4b0c-a3b8-0a10ce165204" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_5379e115-2883-4b32-8aec-9815dbd802f9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_29512e2a-f2c8-4b0c-a3b8-0a10ce165204" xlink:to="loc_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_5379e115-2883-4b32-8aec-9815dbd802f9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BusinessPurposeLoansTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#BusinessPurposeLoansTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/BusinessPurposeLoansTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesAbstract_26f0c28c-f622-45fd-80bf-d58280e91db2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CarryingValueOfLoansTableTextBlock_1f1ab649-76a3-4403-8689-010002381fca" xlink:href="rwt-20210331.xsd#rwt_CarryingValueOfLoansTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_26f0c28c-f622-45fd-80bf-d58280e91db2" xlink:to="loc_rwt_CarryingValueOfLoansTableTextBlock_1f1ab649-76a3-4403-8689-010002381fca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesAbstract_db5d3c40-acac-4a03-82a1-0c7c209da394" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_49adc526-803c-43b5-b247-c2f2d9d7aff7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_db5d3c40-acac-4a03-82a1-0c7c209da394" xlink:to="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_49adc526-803c-43b5-b247-c2f2d9d7aff7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis_f17ad072-4ddd-4297-84f7-8ea890125699" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LegalEntityAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_49adc526-803c-43b5-b247-c2f2d9d7aff7" xlink:to="loc_dei_LegalEntityAxis_f17ad072-4ddd-4297-84f7-8ea890125699" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_93feb257-5926-4d5b-9b57-0118499284d5" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_f17ad072-4ddd-4297-84f7-8ea890125699" xlink:to="loc_dei_EntityDomain_93feb257-5926-4d5b-9b57-0118499284d5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RedwoodTrustInc.Member_3c154272-c556-4aec-bb10-12a8861a8610" xlink:href="rwt-20210331.xsd#rwt_RedwoodTrustInc.Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_93feb257-5926-4d5b-9b57-0118499284d5" xlink:to="loc_rwt_RedwoodTrustInc.Member_3c154272-c556-4aec-bb10-12a8861a8610" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CoreVestAmericanFinanceLenderLLCMember_f8249b01-2398-4317-a26e-fd26aa436157" xlink:href="rwt-20210331.xsd#rwt_CoreVestAmericanFinanceLenderLLCMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_93feb257-5926-4d5b-9b57-0118499284d5" xlink:to="loc_rwt_CoreVestAmericanFinanceLenderLLCMember_f8249b01-2398-4317-a26e-fd26aa436157" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_2820f2cc-1b0e-4303-8e03-d1e30e4969b4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_49adc526-803c-43b5-b247-c2f2d9d7aff7" xlink:to="loc_us-gaap_FinancialInstrumentAxis_2820f2cc-1b0e-4303-8e03-d1e30e4969b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_2820f2cc-1b0e-4303-8e03-d1e30e4969b4" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember_1436eaa3-9eee-4d20-9017-44ce92fbbc0c" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember_1436eaa3-9eee-4d20-9017-44ce92fbbc0c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember_fbec0d8c-6903-48b8-80ee-449aad47b80a" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember_fbec0d8c-6903-48b8-80ee-449aad47b80a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansMember_cc09a50e-92f1-4bdf-b959-66b36b0e971e" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_SingleFamilyRentalLoansMember_cc09a50e-92f1-4bdf-b959-66b36b0e971e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialBridgeHeldForSaleAtFairValueMember_5817def4-e245-4995-8f2b-a5665b9ef2c7" xlink:href="rwt-20210331.xsd#rwt_ResidentialBridgeHeldForSaleAtFairValueMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_ResidentialBridgeHeldForSaleAtFairValueMember_5817def4-e245-4995-8f2b-a5665b9ef2c7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember_08ae0b2d-ead8-4d8e-9c24-ae65db32668c" xlink:href="rwt-20210331.xsd#rwt_ResidentialBridgeLoansHeldForInvestmentMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember_08ae0b2d-ead8-4d8e-9c24-ae65db32668c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialBridgeLoansMember_2a2e8e8a-0efc-4f00-9985-6f68850f3156" xlink:href="rwt-20210331.xsd#rwt_ResidentialBridgeLoansMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_ResidentialBridgeLoansMember_2a2e8e8a-0efc-4f00-9985-6f68850f3156" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansHeldForSaleAtFairValueMember_85bfc775-2491-4beb-b02d-0f7686a25aad" xlink:href="rwt-20210331.xsd#rwt_LoansHeldForSaleAtFairValueMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_LoansHeldForSaleAtFairValueMember_85bfc775-2491-4beb-b02d-0f7686a25aad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansHeldForInvestmentAtFairValueMember_389f4ee1-2d5c-4ccf-8913-08235b32361f" xlink:href="rwt-20210331.xsd#rwt_LoansHeldForInvestmentAtFairValueMember"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_LoansHeldForInvestmentAtFairValueMember_389f4ee1-2d5c-4ccf-8913-08235b32361f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansMember_07c17618-eede-4377-9ce8-8708abf89017" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansMember"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_f0e98b3c-fef8-4d83-ab33-9b6cb71a13e1" xlink:to="loc_rwt_BusinessPurposeResidentialLoansMember_07c17618-eede-4377-9ce8-8708abf89017" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_a544b80c-9b41-4990-9a23-202ec27390e1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_49adc526-803c-43b5-b247-c2f2d9d7aff7" xlink:to="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_a544b80c-9b41-4990-9a23-202ec27390e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_75f9cbb4-a51c-44e8-80ce-d3a3b8bcb200" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_a544b80c-9b41-4990-9a23-202ec27390e1" xlink:to="loc_us-gaap_NotesReceivableNet_75f9cbb4-a51c-44e8-80ce-d3a3b8bcb200" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesAbstract_95ba2596-852b-40e6-b72d-0702b336f28f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_0acb2db4-6695-458f-b868-a90b4c858aa5" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_95ba2596-852b-40e6-b72d-0702b336f28f" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_0acb2db4-6695-458f-b868-a90b4c858aa5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_77b0d4a8-0ab3-4125-bf64-27edf4df4cd9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_0acb2db4-6695-458f-b868-a90b4c858aa5" xlink:to="loc_us-gaap_FinancialInstrumentAxis_77b0d4a8-0ab3-4125-bf64-27edf4df4cd9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0f6f66fe-1965-4966-811e-5dd838b035b7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_77b0d4a8-0ab3-4125-bf64-27edf4df4cd9" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0f6f66fe-1965-4966-811e-5dd838b035b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember_1734c6d2-a55c-42b0-a70e-1a0fa8871b1c" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0f6f66fe-1965-4966-811e-5dd838b035b7" xlink:to="loc_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember_1734c6d2-a55c-42b0-a70e-1a0fa8871b1c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember_fa1e0a60-7d89-47e8-b4fd-c1b3a0252691" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0f6f66fe-1965-4966-811e-5dd838b035b7" xlink:to="loc_rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember_fa1e0a60-7d89-47e8-b4fd-c1b3a0252691" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember_ca0512cd-1071-4709-bde5-2faee1e362e1" xlink:href="rwt-20210331.xsd#rwt_ResidentialBridgeLoansHeldForInvestmentMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0f6f66fe-1965-4966-811e-5dd838b035b7" xlink:to="loc_rwt_ResidentialBridgeLoansHeldForInvestmentMember_ca0512cd-1071-4709-bde5-2faee1e362e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansMember_65480a5b-7ec9-4ff2-aa94-e9031d479279" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0f6f66fe-1965-4966-811e-5dd838b035b7" xlink:to="loc_rwt_BusinessPurposeResidentialLoansMember_65480a5b-7ec9-4ff2-aa94-e9031d479279" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansHeldForSaleMember_525f4ae3-a205-4304-bc8c-d0ea74252f70" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansHeldForSaleMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0f6f66fe-1965-4966-811e-5dd838b035b7" xlink:to="loc_rwt_SingleFamilyRentalLoansHeldForSaleMember_525f4ae3-a205-4304-bc8c-d0ea74252f70" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeBridgeLoansMember_bc767d9e-b1d5-41a0-8f99-bc2474ea0ed4" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeBridgeLoansMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0f6f66fe-1965-4966-811e-5dd838b035b7" xlink:to="loc_rwt_BusinessPurposeBridgeLoansMember_bc767d9e-b1d5-41a0-8f99-bc2474ea0ed4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis_7b216faa-01cc-4606-a7ce-e8ac103ff711" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LegalEntityAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_0acb2db4-6695-458f-b868-a90b4c858aa5" xlink:to="loc_dei_LegalEntityAxis_7b216faa-01cc-4606-a7ce-e8ac103ff711" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_29d25c75-1e6c-48bd-b769-48a19b51b794" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_7b216faa-01cc-4606-a7ce-e8ac103ff711" xlink:to="loc_dei_EntityDomain_29d25c75-1e6c-48bd-b769-48a19b51b794" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RedwoodTrustInc.Member_4215c39e-2275-4657-bf07-63a06582983f" xlink:href="rwt-20210331.xsd#rwt_RedwoodTrustInc.Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_29d25c75-1e6c-48bd-b769-48a19b51b794" xlink:to="loc_rwt_RedwoodTrustInc.Member_4215c39e-2275-4657-bf07-63a06582983f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_d0db8578-b19e-47ba-97a2-2ad26a5cf215" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_29d25c75-1e6c-48bd-b769-48a19b51b794" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_d0db8578-b19e-47ba-97a2-2ad26a5cf215" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_0038208a-115f-42b3-9894-0ce5634407a8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_0acb2db4-6695-458f-b868-a90b4c858aa5" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_0038208a-115f-42b3-9894-0ce5634407a8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_0ce27d21-fe49-4900-b1d8-aff40ad4bcc4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_0038208a-115f-42b3-9894-0ce5634407a8" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_0ce27d21-fe49-4900-b1d8-aff40ad4bcc4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_9b38daca-524f-45d6-9ab2-c7ba5e302385" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_0ce27d21-fe49-4900-b1d8-aff40ad4bcc4" xlink:to="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_9b38daca-524f-45d6-9ab2-c7ba5e302385" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_a8cdfef9-afbb-480d-bb90-173096508acd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_0acb2db4-6695-458f-b868-a90b4c858aa5" xlink:to="loc_us-gaap_InvestmentTypeAxis_a8cdfef9-afbb-480d-bb90-173096508acd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_e95da83c-dbc0-455d-bbd1-d902ffe60d05" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_a8cdfef9-afbb-480d-bb90-173096508acd" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_e95da83c-dbc0-455d-bbd1-d902ffe60d05" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeMortgageBankingActivitiesMember_5f683ba6-39a6-4ccb-b0a9-1c4378c9ad13" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeMortgageBankingActivitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_e95da83c-dbc0-455d-bbd1-d902ffe60d05" xlink:to="loc_rwt_BusinessPurposeMortgageBankingActivitiesMember_5f683ba6-39a6-4ccb-b0a9-1c4378c9ad13" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansPledgedAsCollateralShortTermDebtMember_e64e98cc-cc66-41b6-b3b4-ef7dfeae5f1b" xlink:href="rwt-20210331.xsd#rwt_LoansPledgedAsCollateralShortTermDebtMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_e95da83c-dbc0-455d-bbd1-d902ffe60d05" xlink:to="loc_rwt_LoansPledgedAsCollateralShortTermDebtMember_e64e98cc-cc66-41b6-b3b4-ef7dfeae5f1b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoansPledgedAsCollateralLongTermDebtMember_a423ea43-0eca-46e6-ba2e-6f2c83aad636" xlink:href="rwt-20210331.xsd#rwt_LoansPledgedAsCollateralLongTermDebtMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_e95da83c-dbc0-455d-bbd1-d902ffe60d05" xlink:to="loc_rwt_LoansPledgedAsCollateralLongTermDebtMember_a423ea43-0eca-46e6-ba2e-6f2c83aad636" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_aa45d172-a0f7-495c-99f9-6b6e114bed6a" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_0acb2db4-6695-458f-b868-a90b4c858aa5" xlink:to="loc_srt_RangeAxis_aa45d172-a0f7-495c-99f9-6b6e114bed6a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_ea8c67f5-6304-4f18-8496-d8263b164a4a" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_aa45d172-a0f7-495c-99f9-6b6e114bed6a" xlink:to="loc_srt_RangeMember_ea8c67f5-6304-4f18-8496-d8263b164a4a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_7e87bdd8-5655-4797-9e0b-2fca4a6c3411" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_ea8c67f5-6304-4f18-8496-d8263b164a4a" xlink:to="loc_srt_MinimumMember_7e87bdd8-5655-4797-9e0b-2fca4a6c3411" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_c18ac259-9257-47e3-b5ea-4d530e25b82c" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_ea8c67f5-6304-4f18-8496-d8263b164a4a" xlink:to="loc_srt_MaximumMember_c18ac259-9257-47e3-b5ea-4d530e25b82c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsAxis_36aa3a4f-1e1e-42a7-a6b0-00477cda3bd8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitmentsAxis"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_0acb2db4-6695-458f-b868-a90b4c858aa5" xlink:to="loc_us-gaap_OtherCommitmentsAxis_36aa3a4f-1e1e-42a7-a6b0-00477cda3bd8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsDomain_ed1d9289-c63d-4cb0-b487-c153a8418b1a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitmentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsAxis_36aa3a4f-1e1e-42a7-a6b0-00477cda3bd8" xlink:to="loc_us-gaap_OtherCommitmentsDomain_ed1d9289-c63d-4cb0-b487-c153a8418b1a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundResidentialBridgeLoanMember_4738021e-cbec-48a7-baec-44662a289546" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundResidentialBridgeLoanMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsDomain_ed1d9289-c63d-4cb0-b487-c153a8418b1a" xlink:to="loc_rwt_CommitmentToFundResidentialBridgeLoanMember_4738021e-cbec-48a7-baec-44662a289546" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_0acb2db4-6695-458f-b868-a90b4c858aa5" xlink:to="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToPurchaseLoansHeldForSale_0524ab70-1197-4532-938a-68c733e18e50" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToPurchaseLoansHeldForSale"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_PaymentsToPurchaseLoansHeldForSale_0524ab70-1197-4532-938a-68c733e18e50" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ProceedsFromPrincipalRepaymentsOnSecurities_cc930f7d-9401-4854-8c96-25ca32cb080f" xlink:href="rwt-20210331.xsd#rwt_ProceedsFromPrincipalRepaymentsOnSecurities"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_ProceedsFromPrincipalRepaymentsOnSecurities_cc930f7d-9401-4854-8c96-25ca32cb080f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1_afb71711-59c0-42f2-8e0f-5c3ec6ef9855" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1_afb71711-59c0-42f2-8e0f-5c3ec6ef9855" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnInvestments_baee0194-94e7-452d-97e8-b71c319dbbd7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainLossOnInvestments"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_GainLossOnInvestments_baee0194-94e7-452d-97e8-b71c319dbbd7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred_b830aae4-16e5-4686-99a9-19a521ee59cb" xlink:href="rwt-20210331.xsd#rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred_b830aae4-16e5-4686-99a9-19a521ee59cb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingFees1_c7a03c9c-9485-46f2-9c50-6c14c4fe58ed" xlink:href="rwt-20210331.xsd#rwt_ServicingFees1"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_ServicingFees1_c7a03c9c-9485-46f2-9c50-6c14c4fe58ed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm_dbbc493b-dabe-43c2-9ceb-af2494eac146" xlink:href="rwt-20210331.xsd#rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm_dbbc493b-dabe-43c2-9ceb-af2494eac146" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans_fce10540-ceb9-48d0-a11b-454771ada1ed" xlink:href="rwt-20210331.xsd#rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans_fce10540-ceb9-48d0-a11b-454771ada1ed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent_79734044-b3df-49da-8a94-0178b2335863" xlink:href="rwt-20210331.xsd#rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent_79734044-b3df-49da-8a94-0178b2335863" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage_fbb81faf-dcfa-4473-accd-2c1ac696c5e4" xlink:href="rwt-20210331.xsd#rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage_fbb81faf-dcfa-4473-accd-2c1ac696c5e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransferToOtherRealEstate_790b63cc-d1f0-4158-85b9-dd11269bb6d3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransferToOtherRealEstate"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_TransferToOtherRealEstate_790b63cc-d1f0-4158-85b9-dd11269bb6d3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitment_f99f0433-fdc0-4891-9832-bd36b929a380" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitment"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_OtherCommitment_f99f0433-fdc0-4891-9832-bd36b929a380" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateNumberOfLoans_4e2c1846-e42d-442d-8f59-d3bf5ae60be0" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateNumberOfLoans"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_srt_MortgageLoansOnRealEstateNumberOfLoans_4e2c1846-e42d-442d-8f59-d3bf5ae60be0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_147f96d1-1b2a-4a94-a35c-eb9c4f26cad0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_147f96d1-1b2a-4a94-a35c-eb9c4f26cad0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_a8af5640-bf05-43a0-9a2e-efbb00ea589d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_NotesReceivableNet_a8af5640-bf05-43a0-9a2e-efbb00ea589d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivablesWeightedAverageInterestRate_4a664609-6c55-4387-a60f-01d644c45292" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivablesWeightedAverageInterestRate"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_FinancingReceivablesWeightedAverageInterestRate_4a664609-6c55-4387-a60f-01d644c45292" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableContractMaturities_cdfb7f8e-7a70-4929-b342-475b6fa7046a" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableContractMaturities"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_FinancingReceivableContractMaturities_cdfb7f8e-7a70-4929-b342-475b6fa7046a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansPastDue_3867b56b-e4b3-4334-84cf-1c8db468557c" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansPastDue"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_FinancingReceivableNumberOfLoansPastDue_3867b56b-e4b3-4334-84cf-1c8db468557c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_f9fdbcdf-e933-471c-85c7-d5c7dd396100" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_f9fdbcdf-e933-471c-85c7-d5c7dd396100" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue_40101333-ea39-4d88-9fdb-6a97fd874fc6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentPastDue"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue_40101333-ea39-4d88-9fdb-6a97fd874fc6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure_1268020a-4cab-4f3a-8599-e415252f8a33" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansInForeclosure"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure_1268020a-4cab-4f3a-8599-e415252f8a33" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure_110cefed-e62a-4cbc-917c-c1d9b4a2ef1f" xlink:href="rwt-20210331.xsd#rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_8735c343-c8b2-4ec7-94ce-01050a4ab636" xlink:to="loc_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure_110cefed-e62a-4cbc-917c-c1d9b4a2ef1f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MultifamilyLoans" xlink:type="simple" xlink:href="rwt-20210331.xsd#MultifamilyLoans"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/MultifamilyLoans" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesAbstract_c0c46694-3ecf-4bff-8b5e-a8eb88dca261" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_cfff4b81-e5e8-4cdc-a195-54ceb639a628" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_c0c46694-3ecf-4bff-8b5e-a8eb88dca261" xlink:to="loc_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_cfff4b81-e5e8-4cdc-a195-54ceb639a628" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MultifamilyLoansTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#MultifamilyLoansTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/MultifamilyLoansTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesAbstract_41592de3-c562-497c-965b-b51a9055da4c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleOfMultifamilyLoansTableTextBlock_b961fbe7-4bc9-4847-9fe0-9e586b9eb9b3" xlink:href="rwt-20210331.xsd#rwt_ScheduleOfMultifamilyLoansTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_41592de3-c562-497c-965b-b51a9055da4c" xlink:to="loc_rwt_ScheduleOfMultifamilyLoansTableTextBlock_b961fbe7-4bc9-4847-9fe0-9e586b9eb9b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MultifamilyLoansDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#MultifamilyLoansDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/MultifamilyLoansDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesAbstract_be49774c-3f18-430a-86c7-628630e00010" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_762ef161-9aab-497b-8657-f74798340abd" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReceivablesAbstract_be49774c-3f18-430a-86c7-628630e00010" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_762ef161-9aab-497b-8657-f74798340abd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_c942625b-8b44-406f-8b37-f4cb6acb9fc9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_762ef161-9aab-497b-8657-f74798340abd" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_c942625b-8b44-406f-8b37-f4cb6acb9fc9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_3a2450a3-dbdc-48b4-bb91-68c6223596f1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_c942625b-8b44-406f-8b37-f4cb6acb9fc9" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_3a2450a3-dbdc-48b4-bb91-68c6223596f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_3ad1eec7-e0ab-4f67-a8ea-d92fcf5a5f7a" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForInvestmentAtFairValueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_3a2450a3-dbdc-48b4-bb91-68c6223596f1" xlink:to="loc_rwt_ResidentialLoansHeldForInvestmentAtFairValueMember_3ad1eec7-e0ab-4f67-a8ea-d92fcf5a5f7a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis_2b8d4ddc-7228-422c-874d-d2bebe10b7ba" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LegalEntityAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_762ef161-9aab-497b-8657-f74798340abd" xlink:to="loc_dei_LegalEntityAxis_2b8d4ddc-7228-422c-874d-d2bebe10b7ba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_21dd5bf2-d048-4899-8f23-047a244267af" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_2b8d4ddc-7228-422c-874d-d2bebe10b7ba" xlink:to="loc_dei_EntityDomain_21dd5bf2-d048-4899-8f23-047a244267af" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RedwoodTrustInc.Member_f227035f-49b1-4185-986e-f61275880dd8" xlink:href="rwt-20210331.xsd#rwt_RedwoodTrustInc.Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_21dd5bf2-d048-4899-8f23-047a244267af" xlink:to="loc_rwt_RedwoodTrustInc.Member_f227035f-49b1-4185-986e-f61275880dd8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_4f8114d0-b4aa-4e97-8809-757f5e1fa8d7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_762ef161-9aab-497b-8657-f74798340abd" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_4f8114d0-b4aa-4e97-8809-757f5e1fa8d7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_90028eee-c126-4ce5-a7dc-0b1e0ac87c08" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_4f8114d0-b4aa-4e97-8809-757f5e1fa8d7" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_90028eee-c126-4ce5-a7dc-0b1e0ac87c08" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_28fc23df-5033-40c6-aae1-1769f288d7da" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_90028eee-c126-4ce5-a7dc-0b1e0ac87c08" xlink:to="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_28fc23df-5033-40c6-aae1-1769f288d7da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_c84d56ff-11ce-47eb-92cb-5dea762a9c6c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_762ef161-9aab-497b-8657-f74798340abd" xlink:to="loc_us-gaap_FinancialInstrumentAxis_c84d56ff-11ce-47eb-92cb-5dea762a9c6c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_b6c85546-153b-4fe1-9ef1-6df7279ec7d3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_c84d56ff-11ce-47eb-92cb-5dea762a9c6c" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_b6c85546-153b-4fe1-9ef1-6df7279ec7d3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansMember_87fc6eef-d573-4af6-b441-6dd418a35bab" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_b6c85546-153b-4fe1-9ef1-6df7279ec7d3" xlink:to="loc_rwt_MultifamilyLoansMember_87fc6eef-d573-4af6-b441-6dd418a35bab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_762ef161-9aab-497b-8657-f74798340abd" xlink:to="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateNumberOfLoans_607fd2a1-7193-44f6-9aea-12666ba3760a" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateNumberOfLoans"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:to="loc_srt_MortgageLoansOnRealEstateNumberOfLoans_607fd2a1-7193-44f6-9aea-12666ba3760a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_373b1b6b-9cbd-4170-ba37-a9ecaf5da990" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:to="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_373b1b6b-9cbd-4170-ba37-a9ecaf5da990" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_20026635-cb67-4c59-b651-f7bc30c3fdad" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:to="loc_us-gaap_NotesReceivableNet_20026635-cb67-4c59-b651-f7bc30c3fdad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivablesWeightedAverageInterestRate_d15b4d32-2f13-4da9-80db-9c0deaa18313" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivablesWeightedAverageInterestRate"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:to="loc_rwt_FinancingReceivablesWeightedAverageInterestRate_d15b4d32-2f13-4da9-80db-9c0deaa18313" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableContractMaturities_d2e8f414-8f69-40d0-b392-d81af02704dd" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableContractMaturities"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:to="loc_rwt_FinancingReceivableContractMaturities_d2e8f414-8f69-40d0-b392-d81af02704dd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansPastDue_ad1f57f6-e4bb-4600-9578-263dc584e07e" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansPastDue"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:to="loc_rwt_FinancingReceivableNumberOfLoansPastDue_ad1f57f6-e4bb-4600-9578-263dc584e07e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure_63278bc1-34c5-422f-b090-5f7f9e680b47" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableNumberOfLoansInForeclosure"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:to="loc_rwt_FinancingReceivableNumberOfLoansInForeclosure_63278bc1-34c5-422f-b090-5f7f9e680b47" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease_d4ce1662-fc6f-4657-b885-37fb587bd1cf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_285f204b-986e-4e1a-91a8-e6fb1b88b8d2" xlink:to="loc_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease_d4ce1662-fc6f-4657-b885-37fb587bd1cf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecurities" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecurities"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecurities" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_9654007c-4299-4885-9c03-755025cdffc7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock_fc1df6b0-42c7-4c3f-8f4a-986695b30258" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_9654007c-4299-4885-9c03-755025cdffc7" xlink:to="loc_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock_fc1df6b0-42c7-4c3f-8f4a-986695b30258" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_62c5ff1a-cdf2-47a6-9801-09a0c8890b63" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock_0a847fed-2d5e-4df1-8ff5-ea2575d48be5" xlink:href="rwt-20210331.xsd#rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_62c5ff1a-cdf2-47a6-9801-09a0c8890b63" xlink:to="loc_rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock_0a847fed-2d5e-4df1-8ff5-ea2575d48be5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock_497afcf7-2e92-4e1c-9ae0-4feff3f51de0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_62c5ff1a-cdf2-47a6-9801-09a0c8890b63" xlink:to="loc_us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock_497afcf7-2e92-4e1c-9ae0-4feff3f51de0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock_7bbd663a-275b-4316-b1ea-3d0f29d413a4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_62c5ff1a-cdf2-47a6-9801-09a0c8890b63" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock_7bbd663a-275b-4316-b1ea-3d0f29d413a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock_cb75c9d8-0783-4510-a833-c27ed9dc45e9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_62c5ff1a-cdf2-47a6-9801-09a0c8890b63" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock_cb75c9d8-0783-4510-a833-c27ed9dc45e9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock_83d1837f-d8f6-4ee8-9809-993ef02b046d" xlink:href="rwt-20210331.xsd#rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_62c5ff1a-cdf2-47a6-9801-09a0c8890b63" xlink:to="loc_rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock_83d1837f-d8f6-4ee8-9809-993ef02b046d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock_fbeede41-ac1f-4313-a7b8-647538602219" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_62c5ff1a-cdf2-47a6-9801-09a0c8890b63" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock_fbeede41-ac1f-4313-a7b8-647538602219" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock_96b78117-aabc-4cd5-93be-478c4ddf7c4f" xlink:href="rwt-20210331.xsd#rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_62c5ff1a-cdf2-47a6-9801-09a0c8890b63" xlink:to="loc_rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock_96b78117-aabc-4cd5-93be-478c4ddf7c4f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock_50cc5a5f-d7af-430a-86f8-0254c56b4a3b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_62c5ff1a-cdf2-47a6-9801-09a0c8890b63" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock_50cc5a5f-d7af-430a-86f8-0254c56b4a3b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealizedGainLossOnInvestmentsTableTextBlock_7c24b55a-a007-4cc7-90c7-763b1d697050" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealizedGainLossOnInvestmentsTableTextBlock"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_62c5ff1a-cdf2-47a6-9801-09a0c8890b63" xlink:to="loc_us-gaap_RealizedGainLossOnInvestmentsTableTextBlock_7c24b55a-a007-4cc7-90c7-763b1d697050" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_7716e720-2bd8-44fb-a06e-e3abf57deeb7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecurities_046e7d36-d9f9-49dc-9881-22baad1a686f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradingSecurities"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_7716e720-2bd8-44fb-a06e-e3abf57deeb7" xlink:to="loc_us-gaap_TradingSecurities_046e7d36-d9f9-49dc-9881-22baad1a686f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_33ff43aa-784f-4f92-b857-76145c3d4c81" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_7716e720-2bd8-44fb-a06e-e3abf57deeb7" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_33ff43aa-784f-4f92-b857-76145c3d4c81" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarketableSecurities_5f3966c7-4687-49f3-8d36-dc41f8fb9dae" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarketableSecurities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_7716e720-2bd8-44fb-a06e-e3abf57deeb7" xlink:to="loc_us-gaap_MarketableSecurities_5f3966c7-4687-49f3-8d36-dc41f8fb9dae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_0de4201a-ea44-4b51-a4a1-3f0b781af69f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentHoldingsTable_727ea45d-9176-4771-94b5-9b8b1891ce55" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentHoldingsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_0de4201a-ea44-4b51-a4a1-3f0b781af69f" xlink:to="loc_us-gaap_InvestmentHoldingsTable_727ea45d-9176-4771-94b5-9b8b1891ce55" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_717c658a-6578-42da-9a60-ba4d61729b4b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsTable_727ea45d-9176-4771-94b5-9b8b1891ce55" xlink:to="loc_us-gaap_FinancialInstrumentAxis_717c658a-6578-42da-9a60-ba4d61729b4b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5d19293f-d0cf-418d-b0b4-6e0212e2edb2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_717c658a-6578-42da-9a60-ba4d61729b4b" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5d19293f-d0cf-418d-b0b4-6e0212e2edb2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestOnlySeniorTradingSecuritiesMember_bad3c581-6ee7-4fef-a075-a4041ce122a1" xlink:href="rwt-20210331.xsd#rwt_InterestOnlySeniorTradingSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5d19293f-d0cf-418d-b0b4-6e0212e2edb2" xlink:to="loc_rwt_InterestOnlySeniorTradingSecuritiesMember_bad3c581-6ee7-4fef-a075-a4041ce122a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaSecuritiesMember_dd307dde-5d82-4a15-a43f-b8b6c6f37d6c" xlink:href="rwt-20210331.xsd#rwt_SequoiaSecuritiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5d19293f-d0cf-418d-b0b4-6e0212e2edb2" xlink:to="loc_rwt_SequoiaSecuritiesMember_dd307dde-5d82-4a15-a43f-b8b6c6f37d6c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RepreformingLoansSecuritiesMember_109d93e3-7def-4842-8e5e-8aa7111e8f4c" xlink:href="rwt-20210331.xsd#rwt_RepreformingLoansSecuritiesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5d19293f-d0cf-418d-b0b4-6e0212e2edb2" xlink:to="loc_rwt_RepreformingLoansSecuritiesMember_109d93e3-7def-4842-8e5e-8aa7111e8f4c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansMember_70f6c029-c8bf-4d2a-868a-47eb53ac248a" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5d19293f-d0cf-418d-b0b4-6e0212e2edb2" xlink:to="loc_rwt_MultifamilyLoansMember_70f6c029-c8bf-4d2a-868a-47eb53ac248a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherThirdPartySecuritiesMember_5e8d1ac0-8e92-43fb-aadb-73b57c32d4f7" xlink:href="rwt-20210331.xsd#rwt_OtherThirdPartySecuritiesMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_5d19293f-d0cf-418d-b0b4-6e0212e2edb2" xlink:to="loc_rwt_OtherThirdPartySecuritiesMember_5e8d1ac0-8e92-43fb-aadb-73b57c32d4f7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_53528243-5b55-44eb-b02c-082a87896d43" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsTable_727ea45d-9176-4771-94b5-9b8b1891ce55" xlink:to="loc_us-gaap_InvestmentTypeAxis_53528243-5b55-44eb-b02c-082a87896d43" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_cf501512-1392-44d8-bcf8-594711d6835e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_53528243-5b55-44eb-b02c-082a87896d43" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_cf501512-1392-44d8-bcf8-594711d6835e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorSecuritiesMember_7f64b006-111b-4c7b-95e4-f79df9e152ff" xlink:href="rwt-20210331.xsd#rwt_SeniorSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_cf501512-1392-44d8-bcf8-594711d6835e" xlink:to="loc_rwt_SeniorSecuritiesMember_7f64b006-111b-4c7b-95e4-f79df9e152ff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember_2c0a3059-c840-44f3-83ee-23463333f439" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesPrimeMezzanineMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_cf501512-1392-44d8-bcf8-594711d6835e" xlink:to="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember_2c0a3059-c840-44f3-83ee-23463333f439" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesPrimeSubordinateMember_480ec83a-ad60-4bd2-bcfa-44d2d1920159" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesPrimeSubordinateMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_cf501512-1392-44d8-bcf8-594711d6835e" xlink:to="loc_rwt_RealEstateSecuritiesPrimeSubordinateMember_480ec83a-ad60-4bd2-bcfa-44d2d1920159" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_52e6fbf0-315f-4951-aafe-c23f0c45bbae" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsTable_727ea45d-9176-4771-94b5-9b8b1891ce55" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_52e6fbf0-315f-4951-aafe-c23f0c45bbae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_b41af1fd-139a-4dec-b195-6fe748efce76" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_52e6fbf0-315f-4951-aafe-c23f0c45bbae" xlink:to="loc_us-gaap_RelatedPartyDomain_b41af1fd-139a-4dec-b195-6fe748efce76" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_6616ae58-dcab-451a-9aac-5fd4f83edbec" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_b41af1fd-139a-4dec-b195-6fe748efce76" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_6616ae58-dcab-451a-9aac-5fd4f83edbec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentHoldingsLineItems_a1ee96ab-c1ec-44a4-96d1-6c85fcbefbbf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentHoldingsLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsTable_727ea45d-9176-4771-94b5-9b8b1891ce55" xlink:to="loc_us-gaap_InvestmentHoldingsLineItems_a1ee96ab-c1ec-44a4-96d1-6c85fcbefbbf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecurities_ecdce42d-dad7-49b6-9f1c-6e3ebc77a9a7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradingSecurities"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_a1ee96ab-c1ec-44a4-96d1-6c85fcbefbbf" xlink:to="loc_us-gaap_TradingSecurities_ecdce42d-dad7-49b6-9f1c-6e3ebc77a9a7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentOwnedBalancePrincipalAmount_63c8e90a-8f44-43db-9c92-46449b2a272d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentOwnedBalancePrincipalAmount"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_a1ee96ab-c1ec-44a4-96d1-6c85fcbefbbf" xlink:to="loc_us-gaap_InvestmentOwnedBalancePrincipalAmount_63c8e90a-8f44-43db-9c92-46449b2a272d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment_6519d7e6-983a-4f19-a1a0-c77e35450302" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_a1ee96ab-c1ec-44a4-96d1-6c85fcbefbbf" xlink:to="loc_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment_6519d7e6-983a-4f19-a1a0-c77e35450302" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment_6ef74381-bda2-49d2-9b44-bbe5e63a4591" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_a1ee96ab-c1ec-44a4-96d1-6c85fcbefbbf" xlink:to="loc_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment_6ef74381-bda2-49d2-9b44-bbe5e63a4591" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInTradingSecurities_1f579673-5ed4-4701-addf-31d879453072" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInTradingSecurities"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_a1ee96ab-c1ec-44a4-96d1-6c85fcbefbbf" xlink:to="loc_us-gaap_IncreaseDecreaseInTradingSecurities_1f579673-5ed4-4701-addf-31d879453072" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_4a2526cf-68bb-4de9-9049-13d6a6806112" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentHoldingsTable_03354e56-eb19-41b6-8eef-ffbe3654696a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentHoldingsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_4a2526cf-68bb-4de9-9049-13d6a6806112" xlink:to="loc_us-gaap_InvestmentHoldingsTable_03354e56-eb19-41b6-8eef-ffbe3654696a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_ef7bb313-fc1b-42f1-b82a-be6dc212a832" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsTable_03354e56-eb19-41b6-8eef-ffbe3654696a" xlink:to="loc_us-gaap_FinancialInstrumentAxis_ef7bb313-fc1b-42f1-b82a-be6dc212a832" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_6244dfe6-736c-422d-a973-45623088c70e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_ef7bb313-fc1b-42f1-b82a-be6dc212a832" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_6244dfe6-736c-422d-a973-45623088c70e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherThirdPartySecuritiesMember_59ac0e69-0a0a-4258-ab39-6fbdd6984f8c" xlink:href="rwt-20210331.xsd#rwt_OtherThirdPartySecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_6244dfe6-736c-422d-a973-45623088c70e" xlink:to="loc_rwt_OtherThirdPartySecuritiesMember_59ac0e69-0a0a-4258-ab39-6fbdd6984f8c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaSecuritiesMember_853c8401-2865-4af0-9104-5456a34a7972" xlink:href="rwt-20210331.xsd#rwt_SequoiaSecuritiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_6244dfe6-736c-422d-a973-45623088c70e" xlink:to="loc_rwt_SequoiaSecuritiesMember_853c8401-2865-4af0-9104-5456a34a7972" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansMember_b344d776-019e-4346-92ae-0a9ba9a60dab" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_6244dfe6-736c-422d-a973-45623088c70e" xlink:to="loc_rwt_MultifamilyLoansMember_b344d776-019e-4346-92ae-0a9ba9a60dab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_e7b3dce4-b07f-4723-80d3-b01a8355850a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsTable_03354e56-eb19-41b6-8eef-ffbe3654696a" xlink:to="loc_us-gaap_InvestmentTypeAxis_e7b3dce4-b07f-4723-80d3-b01a8355850a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_1b6c5b7f-3e7d-42ab-8a04-65998c7d8449" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_e7b3dce4-b07f-4723-80d3-b01a8355850a" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_1b6c5b7f-3e7d-42ab-8a04-65998c7d8449" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember_bec62051-3f7e-4dd1-992d-24b8a2f0353b" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesPrimeMezzanineMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_1b6c5b7f-3e7d-42ab-8a04-65998c7d8449" xlink:to="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember_bec62051-3f7e-4dd1-992d-24b8a2f0353b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesPrimeSubordinateMember_e680929b-44ea-4009-880e-6d716a0bd04d" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesPrimeSubordinateMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_1b6c5b7f-3e7d-42ab-8a04-65998c7d8449" xlink:to="loc_rwt_RealEstateSecuritiesPrimeSubordinateMember_e680929b-44ea-4009-880e-6d716a0bd04d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentHoldingsLineItems_4a495024-749f-402e-85c9-ca3a98d4f150" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentHoldingsLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsTable_03354e56-eb19-41b6-8eef-ffbe3654696a" xlink:to="loc_us-gaap_InvestmentHoldingsLineItems_4a495024-749f-402e-85c9-ca3a98d4f150" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_4614ba2e-a899-4d12-9c1a-dc719e36aaad" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_4a495024-749f-402e-85c9-ca3a98d4f150" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_4614ba2e-a899-4d12-9c1a-dc719e36aaad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_bbcbe814-a8d4-4f8a-aa7f-1037be211628" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_4a495024-749f-402e-85c9-ca3a98d4f150" xlink:to="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_bbcbe814-a8d4-4f8a-aa7f-1037be211628" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt_907d6cb6-dee3-4ad7-a608-5d3381bfc7e1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_4a495024-749f-402e-85c9-ca3a98d4f150" xlink:to="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt_907d6cb6-dee3-4ad7-a608-5d3381bfc7e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_7508f465-4705-4f0c-9b60-5b32e910cecb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleRealizedGain"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_4a495024-749f-402e-85c9-ca3a98d4f150" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_7508f465-4705-4f0c-9b60-5b32e910cecb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_67447078-c9c1-4078-9756-37b8e6abc378" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentHoldingsTable_4b419fc7-196f-48e9-8f94-fb6b457066fc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentHoldingsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_67447078-c9c1-4078-9756-37b8e6abc378" xlink:to="loc_us-gaap_InvestmentHoldingsTable_4b419fc7-196f-48e9-8f94-fb6b457066fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_6dd2ed17-1dab-49b8-869c-6d40dc05c831" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsTable_4b419fc7-196f-48e9-8f94-fb6b457066fc" xlink:to="loc_us-gaap_FinancialInstrumentAxis_6dd2ed17-1dab-49b8-869c-6d40dc05c831" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c2cbb4aa-57c0-47bc-babb-29a576191851" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_6dd2ed17-1dab-49b8-869c-6d40dc05c831" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c2cbb4aa-57c0-47bc-babb-29a576191851" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_a7476d8a-d9ab-4049-b7dc-5c6d798a0d66" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageBackedSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c2cbb4aa-57c0-47bc-babb-29a576191851" xlink:to="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_a7476d8a-d9ab-4049-b7dc-5c6d798a0d66" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentHoldingsLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsTable_4b419fc7-196f-48e9-8f94-fb6b457066fc" xlink:to="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_870add11-6e48-4e72-939c-4ec2b54ed66d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_870add11-6e48-4e72-939c-4ec2b54ed66d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_dc70c2ba-a193-43b8-91cc-5586ceeeb570" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_dc70c2ba-a193-43b8-91cc-5586ceeeb570" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfAvailableForSaleSecurities_1201c6e5-bf0e-481e-a76e-63d98fcd330a" xlink:href="rwt-20210331.xsd#rwt_NumberOfAvailableForSaleSecurities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:to="loc_rwt_NumberOfAvailableForSaleSecurities_1201c6e5-bf0e-481e-a76e-63d98fcd330a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions_e88c13d2-7050-4c7f-98f6-c10e6b8696ce" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions_e88c13d2-7050-4c7f-98f6-c10e6b8696ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths_8d1f9c49-ebb9-40f8-9aff-4c021bc4fa44" xlink:href="rwt-20210331.xsd#rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:to="loc_rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths_8d1f9c49-ebb9-40f8-9aff-4c021bc4fa44" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_7399f9fb-714f-436e-97d2-0cb9d6cf7dbd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_7399f9fb-714f-436e-97d2-0cb9d6cf7dbd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_573d7189-29e9-4c1e-999d-b3cb625f9a0e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentHoldingsLineItems_50d14ff3-d3c9-407a-9ba0-e294c4a269ec" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_573d7189-29e9-4c1e-999d-b3cb625f9a0e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_882251a2-72ef-4fa0-bea0-b86f76d81f00" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_7f36cf99-7d9b-47e5-aa03-fb9390e02518" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_882251a2-72ef-4fa0-bea0-b86f76d81f00" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_7f36cf99-7d9b-47e5-aa03-fb9390e02518" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_28a631e1-6eae-40ed-b142-09a8422915ea" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_7f36cf99-7d9b-47e5-aa03-fb9390e02518" xlink:to="loc_us-gaap_InvestmentTypeAxis_28a631e1-6eae-40ed-b142-09a8422915ea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_94202589-1a76-4000-9986-b5c2406c294d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_28a631e1-6eae-40ed-b142-09a8422915ea" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_94202589-1a76-4000-9986-b5c2406c294d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember_ca3d53dc-59fc-4452-ae02-423ba7f290ce" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesPrimeMezzanineMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_94202589-1a76-4000-9986-b5c2406c294d" xlink:to="loc_rwt_RealEstateSecuritiesPrimeMezzanineMember_ca3d53dc-59fc-4452-ae02-423ba7f290ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SubordinateSecuritiesMember_5de58053-f572-46ff-bdb0-7fb505a6975a" xlink:href="rwt-20210331.xsd#rwt_SubordinateSecuritiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_94202589-1a76-4000-9986-b5c2406c294d" xlink:to="loc_rwt_SubordinateSecuritiesMember_5de58053-f572-46ff-bdb0-7fb505a6975a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_7f36cf99-7d9b-47e5-aa03-fb9390e02518" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableForSalePrincipalBalance_b83bf145-d7e4-4487-a5bb-51cebfa698c7" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableForSalePrincipalBalance"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:to="loc_rwt_DebtSecuritiesAvailableForSalePrincipalBalance_b83bf145-d7e4-4487-a5bb-51cebfa698c7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableForSaleCreditReserve_7760d179-cd52-4385-aa1f-95990322e9a5" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableForSaleCreditReserve"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:to="loc_rwt_DebtSecuritiesAvailableForSaleCreditReserve_7760d179-cd52-4385-aa1f-95990322e9a5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_92c4344f-1e3b-4673-b6ad-9b6c4706cdcd" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:to="loc_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_92c4344f-1e3b-4673-b6ad-9b6c4706cdcd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_b464c8f7-c456-4c47-a9cc-1e59df8665cb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_b464c8f7-c456-4c47-a9cc-1e59df8665cb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_11612cd9-ca1d-4a97-bea5-eb8a4624a65e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_11612cd9-ca1d-4a97-bea5-eb8a4624a65e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_c32355d1-c5fa-46c1-a93c-4dbeaf7bdfa2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_c32355d1-c5fa-46c1-a93c-4dbeaf7bdfa2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_a2df8928-e097-4714-a8b7-3d0a3329e8e5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_a2df8928-e097-4714-a8b7-3d0a3329e8e5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_f0293507-57dd-4e8c-b632-ca4bb9dd6a12" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_97b873d3-1007-44f7-802b-3b95b05c884e" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_f0293507-57dd-4e8c-b632-ca4bb9dd6a12" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_0c4c1ae1-9488-41bf-9b3b-c233fd64ecb8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_04c2d032-81e0-4527-8078-00e8e8148d94" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_0c4c1ae1-9488-41bf-9b3b-c233fd64ecb8" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_04c2d032-81e0-4527-8078-00e8e8148d94" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_5a0ecf49-7d46-45b1-9ecc-f285cc9561c1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_04c2d032-81e0-4527-8078-00e8e8148d94" xlink:to="loc_us-gaap_FinancialInstrumentAxis_5a0ecf49-7d46-45b1-9ecc-f285cc9561c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_3bf7c058-cc9e-4aa4-9ab7-463fc1231d30" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_5a0ecf49-7d46-45b1-9ecc-f285cc9561c1" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_3bf7c058-cc9e-4aa4-9ab7-463fc1231d30" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_d8a6455e-6ddb-4906-97fc-916c67e715d7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageBackedSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_3bf7c058-cc9e-4aa4-9ab7-463fc1231d30" xlink:to="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_d8a6455e-6ddb-4906-97fc-916c67e715d7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_de08ec59-0b88-4db0-95a4-199bc032d7bb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_04c2d032-81e0-4527-8078-00e8e8148d94" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_de08ec59-0b88-4db0-95a4-199bc032d7bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward_54bdd676-bc42-4056-9630-15048ddb8758" xlink:href="rwt-20210331.xsd#rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_de08ec59-0b88-4db0-95a4-199bc032d7bb" xlink:to="loc_rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward_54bdd676-bc42-4056-9630-15048ddb8758" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_6f2e6e19-67f0-4169-a3fb-a4c76f7993bf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward_54bdd676-bc42-4056-9630-15048ddb8758" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_6f2e6e19-67f0-4169-a3fb-a4c76f7993bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_12919af3-b725-460f-9699-2f3aed0cbcf0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_6f2e6e19-67f0-4169-a3fb-a4c76f7993bf" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_12919af3-b725-460f-9699-2f3aed0cbcf0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium_9c7cdfef-8e47-40a4-a2ce-1ed477879612" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_6f2e6e19-67f0-4169-a3fb-a4c76f7993bf" xlink:to="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium_9c7cdfef-8e47-40a4-a2ce-1ed477879612" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses_85e005ab-1593-4ce2-9007-db302150735a" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_6f2e6e19-67f0-4169-a3fb-a4c76f7993bf" xlink:to="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses_85e005ab-1593-4ce2-9007-db302150735a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions_ae0c133c-bf8f-4610-a7d7-b10f370110c7" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_6f2e6e19-67f0-4169-a3fb-a4c76f7993bf" xlink:to="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions_ae0c133c-bf8f-4610-a7d7-b10f370110c7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold_20bbe412-7cde-4d0a-a1e4-7a1c6526af3f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_6f2e6e19-67f0-4169-a3fb-a4c76f7993bf" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold_20bbe412-7cde-4d0a-a1e4-7a1c6526af3f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal_9e9f22d4-abb6-4cea-9aa6-169dc9eb7087" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_6f2e6e19-67f0-4169-a3fb-a4c76f7993bf" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal_9e9f22d4-abb6-4cea-9aa6-169dc9eb7087" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_d2c8e3cc-38a4-4a16-b9f5-db2c34321a2f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_6f2e6e19-67f0-4169-a3fb-a4c76f7993bf" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_d2c8e3cc-38a4-4a16-b9f5-db2c34321a2f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_80528e29-0a1e-48e4-aad5-143ad970da59" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward_54bdd676-bc42-4056-9630-15048ddb8758" xlink:to="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_80528e29-0a1e-48e4-aad5-143ad970da59" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_912362cf-6a9d-4488-b17b-3d7e09aac14c" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_80528e29-0a1e-48e4-aad5-143ad970da59" xlink:to="loc_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_912362cf-6a9d-4488-b17b-3d7e09aac14c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium_8164a04c-aaee-4094-9aa7-ad3c2b4f0353" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_80528e29-0a1e-48e4-aad5-143ad970da59" xlink:to="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium_8164a04c-aaee-4094-9aa7-ad3c2b4f0353" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses_1faf632b-129c-4dd9-91ae-29608c5c8099" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_80528e29-0a1e-48e4-aad5-143ad970da59" xlink:to="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses_1faf632b-129c-4dd9-91ae-29608c5c8099" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions_ff847611-b8bc-403c-8d70-4d8bbdfd1991" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_80528e29-0a1e-48e4-aad5-143ad970da59" xlink:to="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions_ff847611-b8bc-403c-8d70-4d8bbdfd1991" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther_181ce83e-7939-4dc3-99ec-c5d947525e03" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_80528e29-0a1e-48e4-aad5-143ad970da59" xlink:to="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther_181ce83e-7939-4dc3-99ec-c5d947525e03" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves_3d0dffc2-516f-4c6b-8881-a9023377b52d" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_80528e29-0a1e-48e4-aad5-143ad970da59" xlink:to="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves_3d0dffc2-516f-4c6b-8881-a9023377b52d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_679e9a82-7811-4a0e-bb8c-06b2fde6242b" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward_80528e29-0a1e-48e4-aad5-143ad970da59" xlink:to="loc_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums_679e9a82-7811-4a0e-bb8c-06b2fde6242b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_ee59ba28-21cd-491c-b9bc-65fafc0393c2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_1c6d205b-e1e8-4448-b44c-42786c8f455a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_ee59ba28-21cd-491c-b9bc-65fafc0393c2" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_1c6d205b-e1e8-4448-b44c-42786c8f455a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_d41eb903-3a9e-4bae-b17c-220f4dd6ef6f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_1c6d205b-e1e8-4448-b44c-42786c8f455a" xlink:to="loc_us-gaap_FinancialInstrumentAxis_d41eb903-3a9e-4bae-b17c-220f4dd6ef6f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1c13855e-6dc9-4ce4-b99b-ac0eef74cc7d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_d41eb903-3a9e-4bae-b17c-220f4dd6ef6f" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1c13855e-6dc9-4ce4-b99b-ac0eef74cc7d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_e10f7833-737e-4dfd-8d6a-f79e57cdaccd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageBackedSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1c13855e-6dc9-4ce4-b99b-ac0eef74cc7d" xlink:to="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_e10f7833-737e-4dfd-8d6a-f79e57cdaccd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_6eb40852-8a60-4b6b-977f-01f3fa5066f0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_1c6d205b-e1e8-4448-b44c-42786c8f455a" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_6eb40852-8a60-4b6b-977f-01f3fa5066f0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost_d841bf75-e596-4dbe-b5c7-334213576bdd" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_6eb40852-8a60-4b6b-977f-01f3fa5066f0" xlink:to="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost_d841bf75-e596-4dbe-b5c7-334213576bdd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_c488d23e-0d8e-4277-a7e3-c1d5ce169967" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_6eb40852-8a60-4b6b-977f-01f3fa5066f0" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_c488d23e-0d8e-4277-a7e3-c1d5ce169967" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months_19971a79-41b0-40db-82f7-599f1ebd95d0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_6eb40852-8a60-4b6b-977f-01f3fa5066f0" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months_19971a79-41b0-40db-82f7-599f1ebd95d0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost_4721c172-1a39-4e27-9e3c-548dd2e81611" xlink:href="rwt-20210331.xsd#rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_6eb40852-8a60-4b6b-977f-01f3fa5066f0" xlink:to="loc_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost_4721c172-1a39-4e27-9e3c-548dd2e81611" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_9eedba4a-a3d7-4baf-8ce5-a8dbbc6ed727" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_6eb40852-8a60-4b6b-977f-01f3fa5066f0" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_9eedba4a-a3d7-4baf-8ce5-a8dbbc6ed727" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger_8980a6ca-d018-44d8-8d8f-38f28540de7e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_6eb40852-8a60-4b6b-977f-01f3fa5066f0" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger_8980a6ca-d018-44d8-8d8f-38f28540de7e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_4b697965-bd9a-4b64-9748-472d2773a0a3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_b80eb855-9b00-4453-b6c6-49fe4a43f9ee" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_4b697965-bd9a-4b64-9748-472d2773a0a3" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_b80eb855-9b00-4453-b6c6-49fe4a43f9ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_fab0a3ff-234e-4bef-8949-3cf1d2dea70a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_b80eb855-9b00-4453-b6c6-49fe4a43f9ee" xlink:to="loc_us-gaap_FinancialInstrumentAxis_fab0a3ff-234e-4bef-8949-3cf1d2dea70a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_37407db1-eddd-4b49-9565-54fd061a6544" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_fab0a3ff-234e-4bef-8949-3cf1d2dea70a" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_37407db1-eddd-4b49-9565-54fd061a6544" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SubordinateSecuritiesMember_65efe923-7641-45a1-aa10-0064c1195e13" xlink:href="rwt-20210331.xsd#rwt_SubordinateSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_37407db1-eddd-4b49-9565-54fd061a6544" xlink:to="loc_rwt_SubordinateSecuritiesMember_65efe923-7641-45a1-aa10-0064c1195e13" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_7de38476-4b8d-49ac-b429-f4e569da2fd9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_b80eb855-9b00-4453-b6c6-49fe4a43f9ee" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_7de38476-4b8d-49ac-b429-f4e569da2fd9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate_e8eb746f-2a1d-4862-ad99-77fb2a3e28d0" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_7de38476-4b8d-49ac-b429-f4e569da2fd9" xlink:to="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate_e8eb746f-2a1d-4862-ad99-77fb2a3e28d0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity_9645a8b8-e0ff-4b48-aead-c3a9832e6517" xlink:href="rwt-20210331.xsd#rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_7de38476-4b8d-49ac-b429-f4e569da2fd9" xlink:to="loc_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity_9645a8b8-e0ff-4b48-aead-c3a9832e6517" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_df964765-3219-470e-8729-aeb006b3b793" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_e9242c7a-d5ca-4489-bf45-3f550197b4fe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_df964765-3219-470e-8729-aeb006b3b793" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_e9242c7a-d5ca-4489-bf45-3f550197b4fe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_2f382457-a108-4211-aab1-9b3af2721360" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_e9242c7a-d5ca-4489-bf45-3f550197b4fe" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_2f382457-a108-4211-aab1-9b3af2721360" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded_be3f4d91-9c69-49a8-8c24-460fef8cee4e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_e9242c7a-d5ca-4489-bf45-3f550197b4fe" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded_be3f4d91-9c69-49a8-8c24-460fef8cee4e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal_064a7c26-1f85-4a34-9e21-cba6800dff0b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_e9242c7a-d5ca-4489-bf45-3f550197b4fe" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal_064a7c26-1f85-4a34-9e21-cba6800dff0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease_90c17154-a55c-45a9-a8de-71be80ba26ff" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_e9242c7a-d5ca-4489-bf45-3f550197b4fe" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease_90c17154-a55c-45a9-a8de-71be80ba26ff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold_e4e05843-b718-4c5c-9a00-9f14a44eac16" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_e9242c7a-d5ca-4489-bf45-3f550197b4fe" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold_e4e05843-b718-4c5c-9a00-9f14a44eac16" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery_051d3eee-0ec4-4e17-8d3f-60ccc43a7a8a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_e9242c7a-d5ca-4489-bf45-3f550197b4fe" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery_051d3eee-0ec4-4e17-8d3f-60ccc43a7a8a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff_4c164ad6-99e8-4529-bfd2-ce74a9247740" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_e9242c7a-d5ca-4489-bf45-3f550197b4fe" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff_4c164ad6-99e8-4529-bfd2-ce74a9247740" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery_2371a055-738d-41ab-859d-b4ecef41fb51" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_e9242c7a-d5ca-4489-bf45-3f550197b4fe" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery_2371a055-738d-41ab-859d-b4ecef41fb51" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_abe60b76-e07e-46f3-a4ca-403797205e23" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward_e9242c7a-d5ca-4489-bf45-3f550197b4fe" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss_abe60b76-e07e-46f3-a4ca-403797205e23" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_a2da9aee-ab95-4419-b9ad-6014c5a43790" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_193ea036-9d5f-4113-a9c5-3e7d7d6549af" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_a2da9aee-ab95-4419-b9ad-6014c5a43790" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_193ea036-9d5f-4113-a9c5-3e7d7d6549af" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OptionIndexedToIssuersEquityEquityAxis_dd1ef2c9-1927-4c14-ab19-f01650233df6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OptionIndexedToIssuersEquityEquityAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_193ea036-9d5f-4113-a9c5-3e7d7d6549af" xlink:to="loc_us-gaap_OptionIndexedToIssuersEquityEquityAxis_dd1ef2c9-1927-4c14-ab19-f01650233df6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OptionIndexedToIssuersEquityTypeDomain_d75b966f-33fc-43e8-986a-5923bc39923c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OptionIndexedToIssuersEquityTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OptionIndexedToIssuersEquityEquityAxis_dd1ef2c9-1927-4c14-ab19-f01650233df6" xlink:to="loc_us-gaap_OptionIndexedToIssuersEquityTypeDomain_d75b966f-33fc-43e8-986a-5923bc39923c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PutOptionMember_f5a54224-78e1-4af0-9b9b-a6ad85d5bfc1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PutOptionMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OptionIndexedToIssuersEquityTypeDomain_d75b966f-33fc-43e8-986a-5923bc39923c" xlink:to="loc_us-gaap_PutOptionMember_f5a54224-78e1-4af0-9b9b-a6ad85d5bfc1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CallOptionMember_743fb1ca-71e8-4b32-b212-053b2e795d96" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CallOptionMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OptionIndexedToIssuersEquityTypeDomain_d75b966f-33fc-43e8-986a-5923bc39923c" xlink:to="loc_us-gaap_CallOptionMember_743fb1ca-71e8-4b32-b212-053b2e795d96" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_a83358ae-3514-418e-b031-96a4ec5d7e90" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_193ea036-9d5f-4113-a9c5-3e7d7d6549af" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_a83358ae-3514-418e-b031-96a4ec5d7e90" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_3bd5992d-f22e-46be-8b83-90d77dee679b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleRealizedGain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_a83358ae-3514-418e-b031-96a4ec5d7e90" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_3bd5992d-f22e-46be-8b83-90d77dee679b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss_8bc756cf-1412-4c88-9ef4-4c0249c15b7d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_a83358ae-3514-418e-b031-96a4ec5d7e90" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss_8bc756cf-1412-4c88-9ef4-4c0249c15b7d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls_c5a0556d-528c-4ad9-870c-8ca72d17a191" xlink:href="rwt-20210331.xsd#rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_a83358ae-3514-418e-b031-96a4ec5d7e90" xlink:to="loc_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls_c5a0556d-528c-4ad9-870c-8ca72d17a191" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherInvestments" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherInvestments"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/OtherInvestments" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsAllOtherInvestmentsAbstract_17f04f3a-3a9a-4605-a244-01dab9dab3e4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsAllOtherInvestmentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock_054e7664-b9c8-4e7b-a8ce-9f6019ed4b7b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsAllOtherInvestmentsAbstract_17f04f3a-3a9a-4605-a244-01dab9dab3e4" xlink:to="loc_us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock_054e7664-b9c8-4e7b-a8ce-9f6019ed4b7b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherInvestmentsTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherInvestmentsTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/OtherInvestmentsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsAllOtherInvestmentsAbstract_b5822e2e-1876-4914-b4bd-7c2622db6d19" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsAllOtherInvestmentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SummaryOfOtherInvestmentsTableTextBlock_39f5ad47-647a-417a-b181-f3990c5b9143" xlink:href="rwt-20210331.xsd#rwt_SummaryOfOtherInvestmentsTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsAllOtherInvestmentsAbstract_b5822e2e-1876-4914-b4bd-7c2622db6d19" xlink:to="loc_rwt_SummaryOfOtherInvestmentsTableTextBlock_39f5ad47-647a-417a-b181-f3990c5b9143" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock_72821389-c02e-43eb-99c2-8ca0580ca38e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsAllOtherInvestmentsAbstract_b5822e2e-1876-4914-b4bd-7c2622db6d19" xlink:to="loc_us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock_72821389-c02e-43eb-99c2-8ca0580ca38e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherInvestmentsSummaryofOtherInvestmentsDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsAllOtherInvestmentsAbstract_7f97a17b-8862-493f-a9d9-ff94edc21cdc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsAllOtherInvestmentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_b12a8c37-75e9-4f49-9f22-97893f93c93c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsAllOtherInvestmentsAbstract_7f97a17b-8862-493f-a9d9-ff94edc21cdc" xlink:to="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_b12a8c37-75e9-4f49-9f22-97893f93c93c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_f4975bc6-acb7-48fd-b3ee-25be7ae1df9d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_b12a8c37-75e9-4f49-9f22-97893f93c93c" xlink:to="loc_us-gaap_InvestmentTypeAxis_f4975bc6-acb7-48fd-b3ee-25be7ae1df9d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_d2fc3cfe-aaa3-4df0-8e2a-cbef5240b637" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_f4975bc6-acb7-48fd-b3ee-25be7ae1df9d" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_d2fc3cfe-aaa3-4df0-8e2a-cbef5240b637" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionMember_c683b056-5711-4083-9933-e1b4cb8655ce" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_d2fc3cfe-aaa3-4df0-8e2a-cbef5240b637" xlink:to="loc_rwt_HomeAppreciationOptionMember_c683b056-5711-4083-9933-e1b4cb8655ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_22888f18-230b-4d5f-ba66-d3059439ce58" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_d2fc3cfe-aaa3-4df0-8e2a-cbef5240b637" xlink:to="loc_rwt_MortgageServicingRightsMember_22888f18-230b-4d5f-ba66-d3059439ce58" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherNotesReceivableMember_0656ab36-9dfe-4903-a53d-e026f6ab2fb2" xlink:href="rwt-20210331.xsd#rwt_OtherNotesReceivableMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_d2fc3cfe-aaa3-4df0-8e2a-cbef5240b637" xlink:to="loc_rwt_OtherNotesReceivableMember_0656ab36-9dfe-4903-a53d-e026f6ab2fb2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_fcbb9ad3-227e-42f5-9f40-3392e9353d97" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_b12a8c37-75e9-4f49-9f22-97893f93c93c" xlink:to="loc_us-gaap_FinancialInstrumentAxis_fcbb9ad3-227e-42f5-9f40-3392e9353d97" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_3a84406f-6193-46be-be3e-01c19f8719b7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_fcbb9ad3-227e-42f5-9f40-3392e9353d97" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_3a84406f-6193-46be-be3e-01c19f8719b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageMember_8446c676-3ef3-4313-a6a2-a41538687da1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_3a84406f-6193-46be-be3e-01c19f8719b7" xlink:to="loc_us-gaap_ResidentialMortgageMember_8446c676-3ef3-4313-a6a2-a41538687da1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_99153c41-680c-4fd0-a5ca-facf25ee4f57" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_3a84406f-6193-46be-be3e-01c19f8719b7" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_99153c41-680c-4fd0-a5ca-facf25ee4f57" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_b7cee9f1-1d87-45ae-91ae-3fc6a7323951" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_b12a8c37-75e9-4f49-9f22-97893f93c93c" xlink:to="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_b7cee9f1-1d87-45ae-91ae-3fc6a7323951" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_809314ec-76b6-4a14-a6a7-befe1537ba0b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_b7cee9f1-1d87-45ae-91ae-3fc6a7323951" xlink:to="loc_us-gaap_ServicingAssetAtFairValueAmount_809314ec-76b6-4a14-a6a7-befe1537ba0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanHeldForInvestmentAmount_d1c88432-7a6a-4314-bc6e-1acc661ac605" xlink:href="rwt-20210331.xsd#rwt_LoanHeldForInvestmentAmount"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_b7cee9f1-1d87-45ae-91ae-3fc6a7323951" xlink:to="loc_rwt_LoanHeldForInvestmentAmount_d1c88432-7a6a-4314-bc6e-1acc661ac605" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestments_ef58e910-9a2a-4c5e-920b-ec97664c286b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherInvestments"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_b7cee9f1-1d87-45ae-91ae-3fc6a7323951" xlink:to="loc_us-gaap_OtherInvestments_ef58e910-9a2a-4c5e-920b-ec97664c286b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherInvestmentsAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsAllOtherInvestmentsAbstract_9dc01ff3-289d-4e10-8d57-f8f02866a3da" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsAllOtherInvestmentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_129ef5f0-caef-47f6-91e0-88e0a1f2cd18" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsAllOtherInvestmentsAbstract_9dc01ff3-289d-4e10-8d57-f8f02866a3da" xlink:to="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_129ef5f0-caef-47f6-91e0-88e0a1f2cd18" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_2436805f-8f96-4e2e-8156-7ed0870a068e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_129ef5f0-caef-47f6-91e0-88e0a1f2cd18" xlink:to="loc_us-gaap_InvestmentTypeAxis_2436805f-8f96-4e2e-8156-7ed0870a068e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_da28751b-a98b-4703-af85-764c17f8d7f1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_2436805f-8f96-4e2e-8156-7ed0870a068e" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_da28751b-a98b-4703-af85-764c17f8d7f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionMember_fd338e17-a454-412a-b005-b18e6b9e3805" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_da28751b-a98b-4703-af85-764c17f8d7f1" xlink:to="loc_rwt_HomeAppreciationOptionMember_fd338e17-a454-412a-b005-b18e6b9e3805" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsMember_c8c90d10-68ad-4826-8791-ba66d8521b18" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_da28751b-a98b-4703-af85-764c17f8d7f1" xlink:to="loc_rwt_MortgageServicingRightsMember_c8c90d10-68ad-4826-8791-ba66d8521b18" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_5a54f121-ac87-46d0-a501-9636bbd82a87" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_129ef5f0-caef-47f6-91e0-88e0a1f2cd18" xlink:to="loc_us-gaap_FinancialInstrumentAxis_5a54f121-ac87-46d0-a501-9636bbd82a87" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9f513fba-9d56-40ae-a355-fd903592ab58" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_5a54f121-ac87-46d0-a501-9636bbd82a87" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9f513fba-9d56-40ae-a355-fd903592ab58" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageMember_a1461daa-a65f-47fe-b10d-5e87624fb75e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9f513fba-9d56-40ae-a355-fd903592ab58" xlink:to="loc_us-gaap_ResidentialMortgageMember_a1461daa-a65f-47fe-b10d-5e87624fb75e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExcessMortgageServicingRightsMember_3187e14f-b9c4-4a8a-9102-34029ea3a31e" xlink:href="rwt-20210331.xsd#rwt_ExcessMortgageServicingRightsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_9f513fba-9d56-40ae-a355-fd903592ab58" xlink:to="loc_rwt_ExcessMortgageServicingRightsMember_3187e14f-b9c4-4a8a-9102-34029ea3a31e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_832e20a6-1443-463d-86e6-2d85c0302706" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_129ef5f0-caef-47f6-91e0-88e0a1f2cd18" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_832e20a6-1443-463d-86e6-2d85c0302706" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_89fd98ac-c34e-48d9-9e8c-f21a6b54cd72" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_832e20a6-1443-463d-86e6-2d85c0302706" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_89fd98ac-c34e-48d9-9e8c-f21a6b54cd72" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceFinancingMember_f962c3b9-3be4-4e5b-81f1-ba421e2c0ecd" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceFinancingMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_89fd98ac-c34e-48d9-9e8c-f21a6b54cd72" xlink:to="loc_rwt_ServicerAdvanceFinancingMember_f962c3b9-3be4-4e5b-81f1-ba421e2c0ecd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsAxis_66b35dcb-208b-46c8-8590-cdb1e187d30e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitmentsAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_129ef5f0-caef-47f6-91e0-88e0a1f2cd18" xlink:to="loc_us-gaap_OtherCommitmentsAxis_66b35dcb-208b-46c8-8590-cdb1e187d30e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsDomain_a3324f98-6e4a-4a6e-9d91-f48930d1f8a1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitmentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsAxis_66b35dcb-208b-46c8-8590-cdb1e187d30e" xlink:to="loc_us-gaap_OtherCommitmentsDomain_a3324f98-6e4a-4a6e-9d91-f48930d1f8a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundInvestmentMember_a4149f7f-dcf3-497b-a0eb-78a92dc0ef82" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundInvestmentMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsDomain_a3324f98-6e4a-4a6e-9d91-f48930d1f8a1" xlink:to="loc_rwt_CommitmentToFundInvestmentMember_a4149f7f-dcf3-497b-a0eb-78a92dc0ef82" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_129ef5f0-caef-47f6-91e0-88e0a1f2cd18" xlink:to="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfPartnershipsConsolidated_98c3bb2c-ac94-4bc6-83cc-94718a10a121" xlink:href="rwt-20210331.xsd#rwt_NumberOfPartnershipsConsolidated"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_rwt_NumberOfPartnershipsConsolidated_98c3bb2c-ac94-4bc6-83cc-94718a10a121" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundPartnership_253f0a3d-19f5-491a-82a4-2e0e16ebf11c" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundPartnership"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_rwt_CommitmentToFundPartnership_253f0a3d-19f5-491a-82a4-2e0e16ebf11c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_b08fb863-d6f5-4f38-bbc2-e7954c75e649" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_us-gaap_ServicingAssetAtFairValueAmount_b08fb863-d6f5-4f38-bbc2-e7954c75e649" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans_6382090c-5ce8-4052-8f45-f52d5bb3096e" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans_6382090c-5ce8-4052-8f45-f52d5bb3096e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCollateralAmount_c2d8b325-f7c6-450f-a3c5-af21b64898d4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentCollateralAmount"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_us-gaap_DebtInstrumentCollateralAmount_c2d8b325-f7c6-450f-a3c5-af21b64898d4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_c5f58d8c-af49-48ba-9608-ef14602cb14f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_c5f58d8c-af49-48ba-9608-ef14602cb14f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnInvestments_e256c7cd-5ca9-4500-aade-f0631cd9e434" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestments"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_us-gaap_UnrealizedGainLossOnInvestments_e256c7cd-5ca9-4500-aade-f0631cd9e434" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireInvestments_8d2206dd-179c-4978-987b-b3b773e78e25" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireInvestments"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_us-gaap_PaymentsToAcquireInvestments_8d2206dd-179c-4978-987b-b3b773e78e25" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperating_2ac5b76a-3ad5-4a90-9de6-e1cd7ba4b409" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_us-gaap_InterestAndDividendIncomeOperating_2ac5b76a-3ad5-4a90-9de6-e1cd7ba4b409" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAsset_f06fc6c8-7f1e-45fc-98d0-593183e491cb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAsset"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_us-gaap_ServicingAsset_f06fc6c8-7f1e-45fc-98d0-593183e491cb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs_229f99da-da2f-4134-a45d-58782acc6b78" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_1963e589-0647-45d4-8fd7-022cfdbe9e99" xlink:to="loc_rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs_229f99da-da2f-4134-a45d-58782acc6b78" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherInvestmentsServicingAdvanceInvestmentsDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsAllOtherInvestmentsAbstract_59834bb3-d64d-4620-b9fa-edca75f3ad9b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsAllOtherInvestmentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfInvestmentsTable_de0dee5d-229d-4a75-8938-2afabc2f001b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfInvestmentsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsAllOtherInvestmentsAbstract_59834bb3-d64d-4620-b9fa-edca75f3ad9b" xlink:to="loc_us-gaap_ScheduleOfInvestmentsTable_de0dee5d-229d-4a75-8938-2afabc2f001b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_155d4e9a-5a42-4976-bdb9-e663dc1486d1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentsTable_de0dee5d-229d-4a75-8938-2afabc2f001b" xlink:to="loc_us-gaap_FinancialInstrumentAxis_155d4e9a-5a42-4976-bdb9-e663dc1486d1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1de0e72e-5c52-45e7-b06d-a7106a3b2142" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_155d4e9a-5a42-4976-bdb9-e663dc1486d1" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1de0e72e-5c52-45e7-b06d-a7106a3b2142" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceFinancingMember_3457212c-c7b6-48b9-88b1-2a7e12fb82d1" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceFinancingMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1de0e72e-5c52-45e7-b06d-a7106a3b2142" xlink:to="loc_rwt_ServicerAdvanceFinancingMember_3457212c-c7b6-48b9-88b1-2a7e12fb82d1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfInvestmentsLineItems_5c215039-b800-4d6d-ad07-459f39032528" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentsTable_de0dee5d-229d-4a75-8938-2afabc2f001b" xlink:to="loc_us-gaap_ScheduleOfInvestmentsLineItems_5c215039-b800-4d6d-ad07-459f39032528" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances_e294a251-cb1e-46ff-9671-553c78df7e15" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentsLineItems_5c215039-b800-4d6d-ad07-459f39032528" xlink:to="loc_rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances_e294a251-cb1e-46ff-9671-553c78df7e15" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetsAtFairValueEscrowAdvances_ab39e7f1-7a4a-4293-95cf-ce6727ada5ec" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetsAtFairValueEscrowAdvances"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentsLineItems_5c215039-b800-4d6d-ad07-459f39032528" xlink:to="loc_rwt_ServicingAssetsAtFairValueEscrowAdvances_ab39e7f1-7a4a-4293-95cf-ce6727ada5ec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicingAssetsAtFairValueCorporateAdvances_b39ac55a-1486-49f6-b23d-9a2c9aac030b" xlink:href="rwt-20210331.xsd#rwt_ServicingAssetsAtFairValueCorporateAdvances"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentsLineItems_5c215039-b800-4d6d-ad07-459f39032528" xlink:to="loc_rwt_ServicingAssetsAtFairValueCorporateAdvances_b39ac55a-1486-49f6-b23d-9a2c9aac030b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_1d4f98dd-0f63-4066-983b-134c4e85810c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfInvestmentsLineItems_5c215039-b800-4d6d-ad07-459f39032528" xlink:to="loc_us-gaap_ServicingAssetAtFairValueAmount_1d4f98dd-0f63-4066-983b-134c4e85810c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstruments" xlink:type="simple" xlink:href="rwt-20210331.xsd#DerivativeFinancialInstruments"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/DerivativeFinancialInstruments" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_011f669e-bf7b-4f81-b018-bbdc8b665294" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_d8c557f2-66d0-41c4-9d38-1deed9bcfb63" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_011f669e-bf7b-4f81-b018-bbdc8b665294" xlink:to="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_d8c557f2-66d0-41c4-9d38-1deed9bcfb63" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#DerivativeFinancialInstrumentsTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_8b11185c-d56d-4296-b221-e6561f4f90d1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDerivativeInstrumentsTextBlock_417085b6-f5e5-46dc-960e-11b743d366d3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_8b11185c-d56d-4296-b221-e6561f4f90d1" xlink:to="loc_us-gaap_ScheduleOfDerivativeInstrumentsTextBlock_417085b6-f5e5-46dc-960e-11b743d366d3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_4afe8954-29f5-474a-bade-eea093037770" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_8b11185c-d56d-4296-b221-e6561f4f90d1" xlink:to="loc_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_4afe8954-29f5-474a-bade-eea093037770" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_f17bca30-3c0a-4594-a2ef-08380cd89934" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeTable_b5012a42-cf3a-4b35-8898-8c0d19f47ee4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_f17bca30-3c0a-4594-a2ef-08380cd89934" xlink:to="loc_us-gaap_DerivativeTable_b5012a42-cf3a-4b35-8898-8c0d19f47ee4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_f1b27638-62fe-4836-b5ff-253c8c2ea408" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_b5012a42-cf3a-4b35-8898-8c0d19f47ee4" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_f1b27638-62fe-4836-b5ff-253c8c2ea408" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_5a45fd12-4340-4320-8cc3-a0eb21ac19f5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_f1b27638-62fe-4836-b5ff-253c8c2ea408" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_5a45fd12-4340-4320-8cc3-a0eb21ac19f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFinancialInstrumentsAssetsMember_f6687654-cf4e-4abe-8334-ada6d479c5f1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFinancialInstrumentsAssetsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_5a45fd12-4340-4320-8cc3-a0eb21ac19f5" xlink:to="loc_us-gaap_DerivativeFinancialInstrumentsAssetsMember_f6687654-cf4e-4abe-8334-ada6d479c5f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByLiabilityClassAxis_21f01164-f387-41bb-9e89-29ba72b71156" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByLiabilityClassAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_b5012a42-cf3a-4b35-8898-8c0d19f47ee4" xlink:to="loc_us-gaap_FairValueByLiabilityClassAxis_21f01164-f387-41bb-9e89-29ba72b71156" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_232ef708-4ecb-4ea6-b00a-f577e47b78ea" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByLiabilityClassAxis_21f01164-f387-41bb-9e89-29ba72b71156" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_232ef708-4ecb-4ea6-b00a-f577e47b78ea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember_5c627e06-6665-4a83-b462-e1401bf8be02" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_232ef708-4ecb-4ea6-b00a-f577e47b78ea" xlink:to="loc_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember_5c627e06-6665-4a83-b462-e1401bf8be02" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_67031439-7eb1-417c-aadb-96683d5b278e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_b5012a42-cf3a-4b35-8898-8c0d19f47ee4" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_67031439-7eb1-417c-aadb-96683d5b278e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_3c82c06b-4ed0-46b9-abdf-4c61b075c4d2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_67031439-7eb1-417c-aadb-96683d5b278e" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_3c82c06b-4ed0-46b9-abdf-4c61b075c4d2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwapMember_339b90ef-e4dc-4f60-adaf-b9cc0077674f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestRateSwapMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_3c82c06b-4ed0-46b9-abdf-4c61b075c4d2" xlink:to="loc_us-gaap_InterestRateSwapMember_339b90ef-e4dc-4f60-adaf-b9cc0077674f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ToBeAnnouncedContractsMember_90b2431d-461f-42bb-9f30-9ea0c8ca7ca4" xlink:href="rwt-20210331.xsd#rwt_ToBeAnnouncedContractsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_3c82c06b-4ed0-46b9-abdf-4c61b075c4d2" xlink:to="loc_rwt_ToBeAnnouncedContractsMember_90b2431d-461f-42bb-9f30-9ea0c8ca7ca4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FutureMember_0771a7af-3a15-4383-8947-1cc2f4b0526d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FutureMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_3c82c06b-4ed0-46b9-abdf-4c61b075c4d2" xlink:to="loc_us-gaap_FutureMember_0771a7af-3a15-4383-8947-1cc2f4b0526d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwaptionMember_b44e170c-442c-434a-a99c-c1292ff9b981" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestRateSwaptionMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_3c82c06b-4ed0-46b9-abdf-4c61b075c4d2" xlink:to="loc_us-gaap_InterestRateSwaptionMember_b44e170c-442c-434a-a99c-c1292ff9b981" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoanPurchaseCommitmentsMember_84ddf8e7-019e-4b67-afdf-d8b1b09f963e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanPurchaseCommitmentsMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_3c82c06b-4ed0-46b9-abdf-4c61b075c4d2" xlink:to="loc_us-gaap_LoanPurchaseCommitmentsMember_84ddf8e7-019e-4b67-afdf-d8b1b09f963e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLineItems_a241012f-569a-4f7c-958d-b0f8b46e62c0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_b5012a42-cf3a-4b35-8898-8c0d19f47ee4" xlink:to="loc_us-gaap_DerivativeLineItems_a241012f-569a-4f7c-958d-b0f8b46e62c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeNet_f079493f-1330-49dd-857d-9857591ccb9d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_a241012f-569a-4f7c-958d-b0f8b46e62c0" xlink:to="loc_us-gaap_DerivativeFairValueOfDerivativeNet_f079493f-1330-49dd-857d-9857591ccb9d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeNotionalAmount_03755617-33e5-4a3c-85d3-00eb77d713f6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeNotionalAmount"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_a241012f-569a-4f7c-958d-b0f8b46e62c0" xlink:to="loc_us-gaap_DerivativeNotionalAmount_03755617-33e5-4a3c-85d3-00eb77d713f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#DerivativeFinancialInstrumentsAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_4227b4e1-f8f9-4a9f-a285-ff5d769d1103" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeTable_369f3540-bd5a-41c0-93c8-cdc6e247055b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_4227b4e1-f8f9-4a9f-a285-ff5d769d1103" xlink:to="loc_us-gaap_DerivativeTable_369f3540-bd5a-41c0-93c8-cdc6e247055b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_f8eb9844-2e8d-4065-8f7a-1f88fbf4cab9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_369f3540-bd5a-41c0-93c8-cdc6e247055b" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_f8eb9844-2e8d-4065-8f7a-1f88fbf4cab9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_5ab1a2f8-9eb0-435c-843a-8835b8c6f6c8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_f8eb9844-2e8d-4065-8f7a-1f88fbf4cab9" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_5ab1a2f8-9eb0-435c-843a-8835b8c6f6c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateContractMember_8e725c72-6d5e-4d48-92c0-453fc0899ef4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestRateContractMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_5ab1a2f8-9eb0-435c-843a-8835b8c6f6c8" xlink:to="loc_us-gaap_InterestRateContractMember_8e725c72-6d5e-4d48-92c0-453fc0899ef4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ToBeAnnouncedContractsMember_aa01ea52-503f-4a78-bad6-bfed8d12e024" xlink:href="rwt-20210331.xsd#rwt_ToBeAnnouncedContractsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_5ab1a2f8-9eb0-435c-843a-8835b8c6f6c8" xlink:to="loc_rwt_ToBeAnnouncedContractsMember_aa01ea52-503f-4a78-bad6-bfed8d12e024" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FutureMember_ed792a90-09bd-4bd7-98da-d6fd8398120e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FutureMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_5ab1a2f8-9eb0-435c-843a-8835b8c6f6c8" xlink:to="loc_us-gaap_FutureMember_ed792a90-09bd-4bd7-98da-d6fd8398120e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialAndCommercialLoansMember_ddd9b248-48df-4271-9d94-d12d801a5ab7" xlink:href="rwt-20210331.xsd#rwt_ResidentialAndCommercialLoansMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_5ab1a2f8-9eb0-435c-843a-8835b8c6f6c8" xlink:to="loc_rwt_ResidentialAndCommercialLoansMember_ddd9b248-48df-4271-9d94-d12d801a5ab7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwapMember_8030c008-fbd5-4998-bdb1-aca09aed380b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestRateSwapMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_5ab1a2f8-9eb0-435c-843a-8835b8c6f6c8" xlink:to="loc_us-gaap_InterestRateSwapMember_8030c008-fbd5-4998-bdb1-aca09aed380b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_b7002edf-1a05-460a-a407-e2f0a80a0bd5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_369f3540-bd5a-41c0-93c8-cdc6e247055b" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_b7002edf-1a05-460a-a407-e2f0a80a0bd5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b2adffbf-c348-4cbe-b018-d4f730e85e64" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_b7002edf-1a05-460a-a407-e2f0a80a0bd5" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b2adffbf-c348-4cbe-b018-d4f730e85e64" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember_d95b60f8-8104-4b1e-99c2-15c55ab87b99" xlink:href="rwt-20210331.xsd#rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b2adffbf-c348-4cbe-b018-d4f730e85e64" xlink:to="loc_rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember_d95b60f8-8104-4b1e-99c2-15c55ab87b99" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_9ad355a5-4ad9-4018-9c48-95a61d483ca0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_369f3540-bd5a-41c0-93c8-cdc6e247055b" xlink:to="loc_us-gaap_InvestmentTypeAxis_9ad355a5-4ad9-4018-9c48-95a61d483ca0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_c70017af-8043-41f7-9181-2fb77a603629" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_9ad355a5-4ad9-4018-9c48-95a61d483ca0" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_c70017af-8043-41f7-9181-2fb77a603629" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingActivitiesMember_ffe3f836-3a66-4a36-aca6-7360a5216eba" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingActivitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_c70017af-8043-41f7-9181-2fb77a603629" xlink:to="loc_rwt_MortgageBankingActivitiesMember_ffe3f836-3a66-4a36-aca6-7360a5216eba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_0d962287-a8b8-4af7-a1e1-c2c3201051cc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_369f3540-bd5a-41c0-93c8-cdc6e247055b" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_0d962287-a8b8-4af7-a1e1-c2c3201051cc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_ca9c0428-845d-4d4a-8571-064e9c0fe8c2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_0d962287-a8b8-4af7-a1e1-c2c3201051cc" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_ca9c0428-845d-4d4a-8571-064e9c0fe8c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseMember_e856db4f-8569-411c-93d2-7d9b5f08fea0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_ca9c0428-845d-4d4a-8571-064e9c0fe8c2" xlink:to="loc_us-gaap_InterestExpenseMember_e856db4f-8569-411c-93d2-7d9b5f08fea0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_4d951b46-630a-4f96-b691-77debb064f5c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_369f3540-bd5a-41c0-93c8-cdc6e247055b" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_4d951b46-630a-4f96-b691-77debb064f5c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingRelationshipDomain_5d22b01b-4b9a-4636-89bf-48e36af92f09" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_HedgingRelationshipDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_4d951b46-630a-4f96-b691-77debb064f5c" xlink:to="loc_us-gaap_HedgingRelationshipDomain_5d22b01b-4b9a-4636-89bf-48e36af92f09" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowHedgingMember_b1fb8ba4-4f73-4a42-b76e-23ed320df07f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowHedgingMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingRelationshipDomain_5d22b01b-4b9a-4636-89bf-48e36af92f09" xlink:to="loc_us-gaap_CashFlowHedgingMember_b1fb8ba4-4f73-4a42-b76e-23ed320df07f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_2d34d095-5635-4dc6-93c1-756749daa6fc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_369f3540-bd5a-41c0-93c8-cdc6e247055b" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_2d34d095-5635-4dc6-93c1-756749daa6fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_dd0bf58a-1f65-4094-a793-be09665149ab" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_2d34d095-5635-4dc6-93c1-756749daa6fc" xlink:to="loc_us-gaap_EquityComponentDomain_dd0bf58a-1f65-4094-a793-be09665149ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_f39b2afd-7945-4a5c-b8a9-b4a27bf69345" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_dd0bf58a-1f65-4094-a793-be09665149ab" xlink:to="loc_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_f39b2afd-7945-4a5c-b8a9-b4a27bf69345" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLineItems_ca229646-39c5-4b9e-a31b-f805fea7d119" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLineItems"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_369f3540-bd5a-41c0-93c8-cdc6e247055b" xlink:to="loc_us-gaap_DerivativeLineItems_ca229646-39c5-4b9e-a31b-f805fea7d119" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeNotionalAmount_3e012e9e-7fe8-447f-be18-3e296aff45ee" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeNotionalAmount"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_ca229646-39c5-4b9e-a31b-f805fea7d119" xlink:to="loc_us-gaap_DerivativeNotionalAmount_3e012e9e-7fe8-447f-be18-3e296aff45ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeGainLossOnDerivativeNet_77bd777a-d25e-4f83-884a-de23306567aa" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_ca229646-39c5-4b9e-a31b-f805fea7d119" xlink:to="loc_us-gaap_DerivativeGainLossOnDerivativeNet_77bd777a-d25e-4f83-884a-de23306567aa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_f7f80445-04c9-4576-aac4-434ad773f63d" xlink:href="rwt-20210331.xsd#rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_ca229646-39c5-4b9e-a31b-f805fea7d119" xlink:to="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_f7f80445-04c9-4576-aac4-434ad773f63d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeCostOfHedge_3060ce25-8e1c-4162-8df8-5d2d67428385" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCostOfHedge"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_ca229646-39c5-4b9e-a31b-f805fea7d119" xlink:to="loc_us-gaap_DerivativeCostOfHedge_3060ce25-8e1c-4162-8df8-5d2d67428385" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_bf5067b9-31fc-4a3b-a086-fd399d290d84" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquity"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_ca229646-39c5-4b9e-a31b-f805fea7d119" xlink:to="loc_us-gaap_StockholdersEquity_bf5067b9-31fc-4a3b-a086-fd399d290d84" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_7e7a0f60-4094-4966-93e4-98b847d33bcc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_ca229646-39c5-4b9e-a31b-f805fea7d119" xlink:to="loc_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_7e7a0f60-4094-4966-93e4-98b847d33bcc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_e3e3791b-ccf0-4d79-ab3f-b5ab06450650" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeTable_a15a7301-c32a-4887-8e5d-862538ad31a8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_e3e3791b-ccf0-4d79-ab3f-b5ab06450650" xlink:to="loc_us-gaap_DerivativeTable_a15a7301-c32a-4887-8e5d-862538ad31a8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_0aa42716-4b41-4b96-9945-f2c78023da39" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_a15a7301-c32a-4887-8e5d-862538ad31a8" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_0aa42716-4b41-4b96-9945-f2c78023da39" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingRelationshipDomain_b20c137b-fa86-4d41-bbe2-51a586d1d5ec" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_HedgingRelationshipDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_0aa42716-4b41-4b96-9945-f2c78023da39" xlink:to="loc_us-gaap_HedgingRelationshipDomain_b20c137b-fa86-4d41-bbe2-51a586d1d5ec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowHedgingMember_80e77d8c-8003-45a8-be57-798e1946703a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashFlowHedgingMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingRelationshipDomain_b20c137b-fa86-4d41-bbe2-51a586d1d5ec" xlink:to="loc_us-gaap_CashFlowHedgingMember_80e77d8c-8003-45a8-be57-798e1946703a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_35f00638-5db1-40f5-8205-16d81f71f4be" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_a15a7301-c32a-4887-8e5d-862538ad31a8" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_35f00638-5db1-40f5-8205-16d81f71f4be" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_55219f0f-9459-4e41-989f-594997847f4a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_35f00638-5db1-40f5-8205-16d81f71f4be" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_55219f0f-9459-4e41-989f-594997847f4a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateContractMember_11221f72-65ca-4be5-aee7-9f62a7b37504" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestRateContractMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_55219f0f-9459-4e41-989f-594997847f4a" xlink:to="loc_us-gaap_InterestRateContractMember_11221f72-65ca-4be5-aee7-9f62a7b37504" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLineItems_3ccc6d4a-6a2d-4e4f-aee3-411a3d12c28e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_a15a7301-c32a-4887-8e5d-862538ad31a8" xlink:to="loc_us-gaap_DerivativeLineItems_3ccc6d4a-6a2d-4e4f-aee3-411a3d12c28e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestExpenseCashFlowHedge_55c896f2-d678-487c-bdd7-0653a8bb1cb2" xlink:href="rwt-20210331.xsd#rwt_InterestExpenseCashFlowHedge"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_3ccc6d4a-6a2d-4e4f-aee3-411a3d12c28e" xlink:to="loc_rwt_InterestExpenseCashFlowHedge_55c896f2-d678-487c-bdd7-0653a8bb1cb2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent_65bad806-27fa-460a-84f9-e4c5af3259a5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_3ccc6d4a-6a2d-4e4f-aee3-411a3d12c28e" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent_65bad806-27fa-460a-84f9-e4c5af3259a5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_dc0c2d79-70c9-4318-8f7d-5aafcce6e1bc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_3ccc6d4a-6a2d-4e4f-aee3-411a3d12c28e" xlink:to="loc_us-gaap_InterestExpense_dc0c2d79-70c9-4318-8f7d-5aafcce6e1bc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilities" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherAssetsandLiabilities"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/OtherAssetsandLiabilities" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_35a2f40b-7dae-4225-9c14-906f1c4fa59a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock_fe8921d7-1d19-40e4-aa3f-293d95adc505" xlink:href="rwt-20210331.xsd#rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_35a2f40b-7dae-4225-9c14-906f1c4fa59a" xlink:to="loc_rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock_fe8921d7-1d19-40e4-aa3f-293d95adc505" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherAssetsandLiabilitiesTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_abefe54b-d293-41dd-8675-b985a942cdea" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfOtherAssetsTableTextBlock_ddda11ae-a272-42f1-9789-5bdce0ea30fc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfOtherAssetsTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_abefe54b-d293-41dd-8675-b985a942cdea" xlink:to="loc_us-gaap_ScheduleOfOtherAssetsTableTextBlock_ddda11ae-a272-42f1-9789-5bdce0ea30fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock_f3341a6c-36f1-48d9-9ca0-cb7a672be4a2" xlink:href="rwt-20210331.xsd#rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_abefe54b-d293-41dd-8675-b985a942cdea" xlink:to="loc_rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock_f3341a6c-36f1-48d9-9ca0-cb7a672be4a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherRealEstateRollForwardTableTextBlock_f7c28864-03b8-4616-9620-ce6ffb39b8e3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherRealEstateRollForwardTableTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_abefe54b-d293-41dd-8675-b985a942cdea" xlink:to="loc_us-gaap_OtherRealEstateRollForwardTableTextBlock_f7c28864-03b8-4616-9620-ce6ffb39b8e3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_e614e9a9-7d01-481e-a6da-8eff008baee4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestReceivable_d0f3e62d-1ca6-44fd-9059-4fa8789a3cb8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestReceivable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_e614e9a9-7d01-481e-a6da-8eff008baee4" xlink:to="loc_us-gaap_InterestReceivable_d0f3e62d-1ca6-44fd-9059-4fa8789a3cb8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedInvestmentIncomeReceivable_9a4df85a-81bb-4ef0-bdf5-3d24ed97fcc9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccruedInvestmentIncomeReceivable"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_e614e9a9-7d01-481e-a6da-8eff008baee4" xlink:to="loc_us-gaap_AccruedInvestmentIncomeReceivable_9a4df85a-81bb-4ef0-bdf5-3d24ed97fcc9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarginDepositAssets_8a6c2372-04be-415a-b74d-1d8474b62211" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarginDepositAssets"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_e614e9a9-7d01-481e-a6da-8eff008baee4" xlink:to="loc_us-gaap_MarginDepositAssets_8a6c2372-04be-415a-b74d-1d8474b62211" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAcquiredThroughForeclosure_40ca923b-ad67-4905-bd26-c4676206452b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateAcquiredThroughForeclosure"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_e614e9a9-7d01-481e-a6da-8eff008baee4" xlink:to="loc_us-gaap_RealEstateAcquiredThroughForeclosure_40ca923b-ad67-4905-bd26-c4676206452b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_03ff1e64-a904-48ad-91fb-b8fc7a33a4ab" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_e614e9a9-7d01-481e-a6da-8eff008baee4" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_03ff1e64-a904-48ad-91fb-b8fc7a33a4ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_d8b5e4bf-22cf-4ab4-92f1-a6e650250f02" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_e614e9a9-7d01-481e-a6da-8eff008baee4" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_d8b5e4bf-22cf-4ab4-92f1-a6e650250f02" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FederalHomeLoanBankStock_40d26ca4-3c3e-4fa0-bcaa-2a7764fd55de" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FederalHomeLoanBankStock"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_e614e9a9-7d01-481e-a6da-8eff008baee4" xlink:to="loc_us-gaap_FederalHomeLoanBankStock_40d26ca4-3c3e-4fa0-bcaa-2a7764fd55de" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue_3d4d736a-48b5-481e-99ee-114ccd2748f0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_e614e9a9-7d01-481e-a6da-8eff008baee4" xlink:to="loc_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue_3d4d736a-48b5-481e-99ee-114ccd2748f0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsMiscellaneous_5b943db5-7067-4765-b13c-95fce7634b37" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssetsMiscellaneous"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_e614e9a9-7d01-481e-a6da-8eff008baee4" xlink:to="loc_us-gaap_OtherAssetsMiscellaneous_5b943db5-7067-4765-b13c-95fce7634b37" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets_d01cc5b9-b03e-4804-b0ff-5036bdce8360" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssets"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_e614e9a9-7d01-481e-a6da-8eff008baee4" xlink:to="loc_us-gaap_OtherAssets_d01cc5b9-b03e-4804-b0ff-5036bdce8360" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentGross_ddd08a7d-2d1f-4497-b5b1-319b9d25b81c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_e614e9a9-7d01-481e-a6da-8eff008baee4" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentGross_ddd08a7d-2d1f-4497-b5b1-319b9d25b81c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_f60603fa-5d36-4ad1-80ef-49c9cefd930f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_e614e9a9-7d01-481e-a6da-8eff008baee4" xlink:to="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_f60603fa-5d36-4ad1-80ef-49c9cefd930f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_7ee43d77-f55f-47e3-b6f6-3b45cfd57b2d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MarginPayable_58d52833-a30f-4a3f-a1b3-4c627618b837" xlink:href="rwt-20210331.xsd#rwt_MarginPayable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_7ee43d77-f55f-47e3-b6f6-3b45cfd57b2d" xlink:to="loc_rwt_MarginPayable_58d52833-a30f-4a3f-a1b3-4c627618b837" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPayableCurrentAndNoncurrent_70afec6f-152a-4aa0-b14a-934c33064ee4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestPayableCurrentAndNoncurrent"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_7ee43d77-f55f-47e3-b6f6-3b45cfd57b2d" xlink:to="loc_us-gaap_InterestPayableCurrentAndNoncurrent_70afec6f-152a-4aa0-b14a-934c33064ee4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_f2873165-d5a1-437c-9af0-52cd1ad82a6f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_7ee43d77-f55f-47e3-b6f6-3b45cfd57b2d" xlink:to="loc_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_f2873165-d5a1-437c-9af0-52cd1ad82a6f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedIncomeTaxesCurrent_a8c2e33a-e357-44f0-81e1-0394a3abfef7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccruedIncomeTaxesCurrent"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_7ee43d77-f55f-47e3-b6f6-3b45cfd57b2d" xlink:to="loc_us-gaap_AccruedIncomeTaxesCurrent_a8c2e33a-e357-44f0-81e1-0394a3abfef7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterestInLimitedPartnerships_d2799e01-63f5-4938-aee9-0fd706ea30ea" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MinorityInterestInLimitedPartnerships"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_7ee43d77-f55f-47e3-b6f6-3b45cfd57b2d" xlink:to="loc_us-gaap_MinorityInterestInLimitedPartnerships_d2799e01-63f5-4938-aee9-0fd706ea30ea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiability_11856552-8281-4964-a85b-d22a6a56a757" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseLiability"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_7ee43d77-f55f-47e3-b6f6-3b45cfd57b2d" xlink:to="loc_us-gaap_OperatingLeaseLiability_11856552-8281-4964-a85b-d22a6a56a757" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableCurrent_b4a1136d-9349-44eb-8d2d-77ceddfce896" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsPayableCurrent"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_7ee43d77-f55f-47e3-b6f6-3b45cfd57b2d" xlink:to="loc_us-gaap_AccountsPayableCurrent_b4a1136d-9349-44eb-8d2d-77ceddfce896" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GuarantyLiabilities_dc936f13-0a6d-4ee0-b95a-ca2af5cb4bda" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GuarantyLiabilities"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_7ee43d77-f55f-47e3-b6f6-3b45cfd57b2d" xlink:to="loc_us-gaap_GuarantyLiabilities_dc936f13-0a6d-4ee0-b95a-ca2af5cb4bda" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageLoanOnRealEstateRepurchaseReserve_811807d3-b64e-4c72-a292-279326d75e75" xlink:href="rwt-20210331.xsd#rwt_MortgageLoanOnRealEstateRepurchaseReserve"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_7ee43d77-f55f-47e3-b6f6-3b45cfd57b2d" xlink:to="loc_rwt_MortgageLoanOnRealEstateRepurchaseReserve_811807d3-b64e-4c72-a292-279326d75e75" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BridgeLoanHoldback_62b72383-758f-40e1-a8be-260de18c688a" xlink:href="rwt-20210331.xsd#rwt_BridgeLoanHoldback"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_7ee43d77-f55f-47e3-b6f6-3b45cfd57b2d" xlink:to="loc_rwt_BridgeLoanHoldback_62b72383-758f-40e1-a8be-260de18c688a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AccruedOperatingExpenses_23763122-9589-403f-83c5-f97823334df3" xlink:href="rwt-20210331.xsd#rwt_AccruedOperatingExpenses"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_7ee43d77-f55f-47e3-b6f6-3b45cfd57b2d" xlink:to="loc_rwt_AccruedOperatingExpenses_23763122-9589-403f-83c5-f97823334df3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessCombinationDeferredConsideration_9cbb62a3-2113-42cd-bae6-653642b2da6a" xlink:href="rwt-20210331.xsd#rwt_BusinessCombinationDeferredConsideration"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_7ee43d77-f55f-47e3-b6f6-3b45cfd57b2d" xlink:to="loc_rwt_BusinessCombinationDeferredConsideration_9cbb62a3-2113-42cd-bae6-653642b2da6a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherLiabilitiesMiscellaneous_08caa3c4-debe-4799-993f-fac176469eaa" xlink:href="rwt-20210331.xsd#rwt_OtherLiabilitiesMiscellaneous"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_7ee43d77-f55f-47e3-b6f6-3b45cfd57b2d" xlink:to="loc_rwt_OtherLiabilitiesMiscellaneous_08caa3c4-debe-4799-993f-fac176469eaa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_7b97f468-ef08-48e9-8f70-36e39b7aebd5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_7ee43d77-f55f-47e3-b6f6-3b45cfd57b2d" xlink:to="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_7b97f468-ef08-48e9-8f70-36e39b7aebd5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherAssetsandLiabilitiesREOInformationDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_dea2213a-5cf8-48b7-a427-01811e0df866" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherAssetsAndOtherLiabilitiesTable_66cf24c9-588b-4d7e-9e19-27657edfcc02" xlink:href="rwt-20210331.xsd#rwt_OtherAssetsAndOtherLiabilitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_dea2213a-5cf8-48b7-a427-01811e0df866" xlink:to="loc_rwt_OtherAssetsAndOtherLiabilitiesTable_66cf24c9-588b-4d7e-9e19-27657edfcc02" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeAxis_9dd883dd-9aed-4cab-a396-28e71e293038" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesTable_66cf24c9-588b-4d7e-9e19-27657edfcc02" xlink:to="loc_us-gaap_ShortTermDebtTypeAxis_9dd883dd-9aed-4cab-a396-28e71e293038" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_f6fe5e31-1a39-46cb-b1a8-c0384f82cfdd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_9dd883dd-9aed-4cab-a396-28e71e293038" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_f6fe5e31-1a39-46cb-b1a8-c0384f82cfdd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BridgeLoanMember_a307ed1c-efdd-493a-8903-d34c54c98197" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BridgeLoanMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_f6fe5e31-1a39-46cb-b1a8-c0384f82cfdd" xlink:to="loc_us-gaap_BridgeLoanMember_a307ed1c-efdd-493a-8903-d34c54c98197" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_997a55f9-9ba1-4108-a662-bef117b43a59" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesTable_66cf24c9-588b-4d7e-9e19-27657edfcc02" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_997a55f9-9ba1-4108-a662-bef117b43a59" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_fd19b9a6-5d16-4c00-b693-d15e733c0c17" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_997a55f9-9ba1-4108-a662-bef117b43a59" xlink:to="loc_us-gaap_RelatedPartyDomain_fd19b9a6-5d16-4c00-b693-d15e733c0c17" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_03bd1013-41f3-42be-ac89-4f955de287de" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_fd19b9a6-5d16-4c00-b693-d15e733c0c17" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_03bd1013-41f3-42be-ac89-4f955de287de" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTMember_f2a22598-9cfd-4779-928f-d8520f29f311" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_fd19b9a6-5d16-4c00-b693-d15e733c0c17" xlink:to="loc_rwt_FreddieMacSLSTMember_f2a22598-9cfd-4779-928f-d8520f29f311" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_432b6645-b95c-4584-83e2-980c0a07cea8" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_fd19b9a6-5d16-4c00-b693-d15e733c0c17" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_432b6645-b95c-4584-83e2-980c0a07cea8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_fdacb2bb-c816-4893-a32c-2bbc81a5f1e8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesTable_66cf24c9-588b-4d7e-9e19-27657edfcc02" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_fdacb2bb-c816-4893-a32c-2bbc81a5f1e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_c7baad6d-316e-4f6b-9955-e649e73852d9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_fdacb2bb-c816-4893-a32c-2bbc81a5f1e8" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_c7baad6d-316e-4f6b-9955-e649e73852d9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_A5ArchesLLCMember_56df7f1b-91b0-46e6-be8a-189053f7acd9" xlink:href="rwt-20210331.xsd#rwt_A5ArchesLLCMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_c7baad6d-316e-4f6b-9955-e649e73852d9" xlink:to="loc_rwt_A5ArchesLLCMember_56df7f1b-91b0-46e6-be8a-189053f7acd9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherAssetsAndOtherLiabilitiesLineItems_11be6506-5481-4fd9-916d-44e27b6f9f09" xlink:href="rwt-20210331.xsd#rwt_OtherAssetsAndOtherLiabilitiesLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesTable_66cf24c9-588b-4d7e-9e19-27657edfcc02" xlink:to="loc_rwt_OtherAssetsAndOtherLiabilitiesLineItems_11be6506-5481-4fd9-916d-44e27b6f9f09" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares_17ed6218-df85-4a7e-9221-c2353d304754" xlink:href="rwt-20210331.xsd#rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesLineItems_11be6506-5481-4fd9-916d-44e27b6f9f09" xlink:to="loc_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares_17ed6218-df85-4a7e-9221-c2353d304754" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities_fdb430aa-6a3f-443f-b897-185fbcdb6717" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesLineItems_11be6506-5481-4fd9-916d-44e27b6f9f09" xlink:to="loc_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities_fdb430aa-6a3f-443f-b897-185fbcdb6717" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherRealEstateRollForward_a2ece745-3231-454c-9549-8a87b412a01a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherRealEstateRollForward"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesLineItems_11be6506-5481-4fd9-916d-44e27b6f9f09" xlink:to="loc_us-gaap_OtherRealEstateRollForward_a2ece745-3231-454c-9549-8a87b412a01a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAcquiredThroughForeclosure_a283834d-e302-4311-9263-a25153675738" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateAcquiredThroughForeclosure"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherRealEstateRollForward_a2ece745-3231-454c-9549-8a87b412a01a" xlink:to="loc_us-gaap_RealEstateAcquiredThroughForeclosure_a283834d-e302-4311-9263-a25153675738" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAcquisitionsThroughForeclosures_41d47389-29d7-4b67-8943-d519d515b5fe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateAcquisitionsThroughForeclosures"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherRealEstateRollForward_a2ece745-3231-454c-9549-8a87b412a01a" xlink:to="loc_us-gaap_RealEstateAcquisitionsThroughForeclosures_41d47389-29d7-4b67-8943-d519d515b5fe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateCostOfRealEstateSold_5a7182b2-69a3-407b-912a-6226cd249934" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateCostOfRealEstateSold"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherRealEstateRollForward_a2ece745-3231-454c-9549-8a87b412a01a" xlink:to="loc_us-gaap_RealEstateCostOfRealEstateSold_5a7182b2-69a3-407b-912a-6226cd249934" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrincipalInvestmentGainsLosses_bf7968a3-dcad-4cc7-91ec-6d84cd56be53" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrincipalInvestmentGainsLosses"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherRealEstateRollForward_a2ece745-3231-454c-9549-8a87b412a01a" xlink:to="loc_us-gaap_PrincipalInvestmentGainsLosses_bf7968a3-dcad-4cc7-91ec-6d84cd56be53" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAcquiredThroughForeclosure_26d8d972-006f-4f91-bb2e-818c2f883dc8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateAcquiredThroughForeclosure"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherRealEstateRollForward_a2ece745-3231-454c-9549-8a87b412a01a" xlink:to="loc_us-gaap_RealEstateAcquiredThroughForeclosure_26d8d972-006f-4f91-bb2e-818c2f883dc8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfRealEstateProperties_06ee7305-2a91-488b-82a7-13cf75669697" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NumberOfRealEstateProperties"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_OtherAssetsAndOtherLiabilitiesLineItems_11be6506-5481-4fd9-916d-44e27b6f9f09" xlink:to="loc_us-gaap_NumberOfRealEstateProperties_06ee7305-2a91-488b-82a7-13cf75669697" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebt" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebt"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebt" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_ef8121a4-0565-43a6-b8a0-e6e5b22469bc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTextBlock_d9bf2d7b-d96b-4d0e-91e1-abb343c10e4f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_ef8121a4-0565-43a6-b8a0-e6e5b22469bc" xlink:to="loc_us-gaap_ShortTermDebtTextBlock_d9bf2d7b-d96b-4d0e-91e1-abb343c10e4f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebtTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebtTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebtTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_6bb74538-b473-42c9-8868-4aa5625a8b04" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTextBlock_48feacc5-cbd6-429b-97e2-3f1e2b6d480a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_6bb74538-b473-42c9-8868-4aa5625a8b04" xlink:to="loc_us-gaap_ScheduleOfShortTermDebtTextBlock_48feacc5-cbd6-429b-97e2-3f1e2b6d480a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleCollateralforShortTermDebtTableTextBlock_fbf91c48-c689-41e3-86be-474d1c9a9462" xlink:href="rwt-20210331.xsd#rwt_ScheduleCollateralforShortTermDebtTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_6bb74538-b473-42c9-8868-4aa5625a8b04" xlink:to="loc_rwt_ScheduleCollateralforShortTermDebtTableTextBlock_fbf91c48-c689-41e3-86be-474d1c9a9462" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock_2d4c18c2-2f69-4e91-bd9c-bbeffb681cc8" xlink:href="rwt-20210331.xsd#rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_6bb74538-b473-42c9-8868-4aa5625a8b04" xlink:to="loc_rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock_2d4c18c2-2f69-4e91-bd9c-bbeffb681cc8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_3e0c6b76-c030-46f4-8ac3-6f86e333035f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTable_9205a071-0718-4f44-8daa-22ca1aae0a24" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_3e0c6b76-c030-46f4-8ac3-6f86e333035f" xlink:to="loc_us-gaap_ScheduleOfShortTermDebtTable_9205a071-0718-4f44-8daa-22ca1aae0a24" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeAxis_d34642a7-b340-4f83-8e46-71916d9ed53e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9205a071-0718-4f44-8daa-22ca1aae0a24" xlink:to="loc_us-gaap_ShortTermDebtTypeAxis_d34642a7-b340-4f83-8e46-71916d9ed53e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_f9d0d330-4684-4047-9b8b-e999df8366d6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_d34642a7-b340-4f83-8e46-71916d9ed53e" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_f9d0d330-4684-4047-9b8b-e999df8366d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_b7c49e5b-720a-49b7-8813-d7b0d3205312" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_f9d0d330-4684-4047-9b8b-e999df8366d6" xlink:to="loc_us-gaap_LineOfCreditMember_b7c49e5b-720a-49b7-8813-d7b0d3205312" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceFinancingMember_51e3229d-45d0-47c0-9029-be29ce83b8a4" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceFinancingMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_f9d0d330-4684-4047-9b8b-e999df8366d6" xlink:to="loc_rwt_ServicerAdvanceFinancingMember_51e3229d-45d0-47c0-9029-be29ce83b8a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_1b44e0f0-516d-4634-8b37-fd8600777053" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9205a071-0718-4f44-8daa-22ca1aae0a24" xlink:to="loc_us-gaap_FinancialInstrumentAxis_1b44e0f0-516d-4634-8b37-fd8600777053" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2d5f0dc2-69c6-4d2e-8e05-c4d88b53d29c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_1b44e0f0-516d-4634-8b37-fd8600777053" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2d5f0dc2-69c6-4d2e-8e05-c4d88b53d29c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoanWarehouseMember_1916532e-ed7c-49fe-97fa-21cc1e81c0b2" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoanWarehouseMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2d5f0dc2-69c6-4d2e-8e05-c4d88b53d29c" xlink:to="loc_rwt_ResidentialLoanWarehouseMember_1916532e-ed7c-49fe-97fa-21cc1e81c0b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember_bdd876e4-35ae-4203-bdc1-89513a628076" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2d5f0dc2-69c6-4d2e-8e05-c4d88b53d29c" xlink:to="loc_rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember_bdd876e4-35ae-4203-bdc1-89513a628076" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesRepoMember_f42ed10a-7d1d-46b8-b7f0-8d0f5ca6d112" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesRepoMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_2d5f0dc2-69c6-4d2e-8e05-c4d88b53d29c" xlink:to="loc_rwt_RealEstateSecuritiesRepoMember_f42ed10a-7d1d-46b8-b7f0-8d0f5ca6d112" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtLineItems_3eab5528-a4bb-44fb-b682-ce055ac8f9ef" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9205a071-0718-4f44-8daa-22ca1aae0a24" xlink:to="loc_us-gaap_ShortTermDebtLineItems_3eab5528-a4bb-44fb-b682-ce055ac8f9ef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfFacilities_f539573c-923d-4492-a637-bf7cb060a038" xlink:href="rwt-20210331.xsd#rwt_NumberOfFacilities"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_3eab5528-a4bb-44fb-b682-ce055ac8f9ef" xlink:to="loc_rwt_NumberOfFacilities_f539573c-923d-4492-a637-bf7cb060a038" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermBorrowings_8485b6e0-e646-4c18-bf20-547f6b18bbf5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermBorrowings"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_3eab5528-a4bb-44fb-b682-ce055ac8f9ef" xlink:to="loc_us-gaap_ShortTermBorrowings_8485b6e0-e646-4c18-bf20-547f6b18bbf5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_66fde184-6c23-4b64-9b07-ab4682b1416e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_3eab5528-a4bb-44fb-b682-ce055ac8f9ef" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_66fde184-6c23-4b64-9b07-ab4682b1416e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtWeightedAverageInterestRate_ba661e49-c086-4a66-a1bb-55a5f8cb5522" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtWeightedAverageInterestRate"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_3eab5528-a4bb-44fb-b682-ce055ac8f9ef" xlink:to="loc_us-gaap_ShortTermDebtWeightedAverageInterestRate_ba661e49-c086-4a66-a1bb-55a5f8cb5522" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtInstrumentAverageMaturityTerm_64e070eb-7aab-4551-a30c-d42e4d3c42f4" xlink:href="rwt-20210331.xsd#rwt_DebtInstrumentAverageMaturityTerm"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_3eab5528-a4bb-44fb-b682-ce055ac8f9ef" xlink:to="loc_rwt_DebtInstrumentAverageMaturityTerm_64e070eb-7aab-4551-a30c-d42e4d3c42f4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral_085a1afb-0bf6-4a0a-ad4a-19ebbfcb26dd" xlink:href="rwt-20210331.xsd#rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_3eab5528-a4bb-44fb-b682-ce055ac8f9ef" xlink:to="loc_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral_085a1afb-0bf6-4a0a-ad4a-19ebbfcb26dd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_c09113d9-168d-47cc-941c-70156f4f7d30" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTable_cf85fbf1-c8f1-439e-a242-b107d7335b0d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_c09113d9-168d-47cc-941c-70156f4f7d30" xlink:to="loc_us-gaap_ScheduleOfShortTermDebtTable_cf85fbf1-c8f1-439e-a242-b107d7335b0d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CollateralAxis_0f1b5a25-23b3-4ac4-9928-37a0203e0268" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CollateralAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_cf85fbf1-c8f1-439e-a242-b107d7335b0d" xlink:to="loc_us-gaap_CollateralAxis_0f1b5a25-23b3-4ac4-9928-37a0203e0268" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CollateralDomain_a6082874-1c22-41c6-a2f0-74393b091c08" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CollateralDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CollateralAxis_0f1b5a25-23b3-4ac4-9928-37a0203e0268" xlink:to="loc_us-gaap_CollateralDomain_a6082874-1c22-41c6-a2f0-74393b091c08" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_ee01cdc1-239b-41e4-9239-ffbcf33ca90f" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CollateralDomain_a6082874-1c22-41c6-a2f0-74393b091c08" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_ee01cdc1-239b-41e4-9239-ffbcf33ca90f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_6bd03642-f09f-43b0-87fb-c36953c3337b" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CollateralDomain_a6082874-1c22-41c6-a2f0-74393b091c08" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_6bd03642-f09f-43b0-87fb-c36953c3337b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_1f8ccc30-32e9-46f0-986d-53ea484c2f90" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_cf85fbf1-c8f1-439e-a242-b107d7335b0d" xlink:to="loc_us-gaap_FinancialInstrumentAxis_1f8ccc30-32e9-46f0-986d-53ea484c2f90" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_40086e5b-442a-4db3-822c-f0e5dec1f377" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_1f8ccc30-32e9-46f0-986d-53ea484c2f90" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_40086e5b-442a-4db3-822c-f0e5dec1f377" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesOnBalanceSheetMember_de54b1fb-f3a8-4189-8551-c4201e1196ec" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesOnBalanceSheetMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_40086e5b-442a-4db3-822c-f0e5dec1f377" xlink:to="loc_rwt_RealEstateSecuritiesOnBalanceSheetMember_de54b1fb-f3a8-4189-8551-c4201e1196ec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaSecuritiesMember_645326e2-33ed-4661-a34e-f2d6f8dafab5" xlink:href="rwt-20210331.xsd#rwt_SequoiaSecuritiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_40086e5b-442a-4db3-822c-f0e5dec1f377" xlink:to="loc_rwt_SequoiaSecuritiesMember_645326e2-33ed-4661-a34e-f2d6f8dafab5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_c3ee3d29-3728-49ca-9124-e83eb270e5b2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_cf85fbf1-c8f1-439e-a242-b107d7335b0d" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_c3ee3d29-3728-49ca-9124-e83eb270e5b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_d9a66e2e-96f1-4ac3-a852-0e286435b40c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_c3ee3d29-3728-49ca-9124-e83eb270e5b2" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_d9a66e2e-96f1-4ac3-a852-0e286435b40c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansHeldForSaleMember_a4d5b9f8-d0b0-4e63-95ff-d250d7aa8d90" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansHeldForSaleMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_d9a66e2e-96f1-4ac3-a852-0e286435b40c" xlink:to="loc_rwt_ResidentialLoansHeldForSaleMember_a4d5b9f8-d0b0-4e63-95ff-d250d7aa8d90" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansMember_c25be4dd-8deb-412b-a86e-5e76f45e8763" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_d9a66e2e-96f1-4ac3-a852-0e286435b40c" xlink:to="loc_rwt_BusinessPurposeResidentialLoansMember_c25be4dd-8deb-412b-a86e-5e76f45e8763" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_0ad8fb6e-bdf6-4bcd-97f8-2dac28bdc63d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_cf85fbf1-c8f1-439e-a242-b107d7335b0d" xlink:to="loc_us-gaap_DebtInstrumentAxis_0ad8fb6e-bdf6-4bcd-97f8-2dac28bdc63d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_2eac3c97-c861-4a9a-97ec-4b0d3c0dc6f4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_0ad8fb6e-bdf6-4bcd-97f8-2dac28bdc63d" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_2eac3c97-c861-4a9a-97ec-4b0d3c0dc6f4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ShortTermBorrowingAgreementMember_3db9bf86-c97d-4bad-82d0-2c327e0914ff" xlink:href="rwt-20210331.xsd#rwt_ShortTermBorrowingAgreementMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2eac3c97-c861-4a9a-97ec-4b0d3c0dc6f4" xlink:to="loc_rwt_ShortTermBorrowingAgreementMember_3db9bf86-c97d-4bad-82d0-2c327e0914ff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeAxis_a8e2b2d3-3de5-42fa-888e-fa8630323fb1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_cf85fbf1-c8f1-439e-a242-b107d7335b0d" xlink:to="loc_us-gaap_ShortTermDebtTypeAxis_a8e2b2d3-3de5-42fa-888e-fa8630323fb1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_c2610074-4f3d-4b0f-b6da-b68ed27de790" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_a8e2b2d3-3de5-42fa-888e-fa8630323fb1" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_c2610074-4f3d-4b0f-b6da-b68ed27de790" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_4c57012f-ccf5-4a0e-af03-8c318081c500" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_c2610074-4f3d-4b0f-b6da-b68ed27de790" xlink:to="loc_us-gaap_LineOfCreditMember_4c57012f-ccf5-4a0e-af03-8c318081c500" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceFinancingMember_ebfe647e-92b6-4a47-a86c-5cbebe89bfd1" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceFinancingMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_c2610074-4f3d-4b0f-b6da-b68ed27de790" xlink:to="loc_rwt_ServicerAdvanceFinancingMember_ebfe647e-92b6-4a47-a86c-5cbebe89bfd1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtLineItems"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_cf85fbf1-c8f1-439e-a242-b107d7335b0d" xlink:to="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansPledgedAsCollateral_05cf5fae-a1ce-49fe-b4ce-b9385a7ddb45" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansPledgedAsCollateral"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_us-gaap_LoansPledgedAsCollateral_05cf5fae-a1ce-49fe-b4ce-b9385a7ddb45" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleRestricted_12289104-1142-4d06-a1ea-f7285357bb19" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleRestricted"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleRestricted_12289104-1142-4d06-a1ea-f7285357bb19" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesTradingRestricted_7295f52b-de19-423c-b5f0-b72b60222392" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesTradingRestricted"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_us-gaap_DebtSecuritiesTradingRestricted_7295f52b-de19-423c-b5f0-b72b60222392" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue_000618f8-93b3-4ddc-9c1e-ebacd2e5311d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue_000618f8-93b3-4ddc-9c1e-ebacd2e5311d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral_e46c2a95-0fd2-4407-b9a9-a764b4095729" xlink:href="rwt-20210331.xsd#rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral_e46c2a95-0fd2-4407-b9a9-a764b4095729" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ShorttermDebtPledgedasCollateral_0a6747e9-37f2-4bff-ab90-79c9f4869674" xlink:href="rwt-20210331.xsd#rwt_ShorttermDebtPledgedasCollateral"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_rwt_ShorttermDebtPledgedasCollateral_0a6747e9-37f2-4bff-ab90-79c9f4869674" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCollateralForBorrowedSecurities_6bf6f584-2228-4dd3-8a3d-4a5a03b4d989" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashCollateralForBorrowedSecurities"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_us-gaap_CashCollateralForBorrowedSecurities_6bf6f584-2228-4dd3-8a3d-4a5a03b4d989" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RestrictedCashCollateralForBorrowedSecurities_4332f84d-6358-4f5a-8489-7de03c0ce582" xlink:href="rwt-20210331.xsd#rwt_RestrictedCashCollateralForBorrowedSecurities"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_rwt_RestrictedCashCollateralForBorrowedSecurities_4332f84d-6358-4f5a-8489-7de03c0ce582" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvancesCollateral_80faa1df-f8f2-473a-ad37-12b3993f7031" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvancesCollateral"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_8d46c1cb-931a-43eb-9584-a56234cfa70a" xlink:to="loc_rwt_ServicerAdvancesCollateral_80faa1df-f8f2-473a-ad37-12b3993f7031" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebtAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_44de4ecd-b6db-4b27-8b53-73915a0a94ca" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTable_baee2bab-8c90-4ccf-9921-72372ddde5d0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_44de4ecd-b6db-4b27-8b53-73915a0a94ca" xlink:to="loc_us-gaap_ScheduleOfShortTermDebtTable_baee2bab-8c90-4ccf-9921-72372ddde5d0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_04af026c-4700-4c26-8a1f-00f34cf4b87d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_baee2bab-8c90-4ccf-9921-72372ddde5d0" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_04af026c-4700-4c26-8a1f-00f34cf4b87d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_9cca0457-0c71-4895-b9be-4d9607547c0d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_04af026c-4700-4c26-8a1f-00f34cf4b87d" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_9cca0457-0c71-4895-b9be-4d9607547c0d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceFinancingMember_b54444f4-4cf8-4175-aeaf-c9ae40c69253" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceFinancingMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_9cca0457-0c71-4895-b9be-4d9607547c0d" xlink:to="loc_rwt_ServicerAdvanceFinancingMember_b54444f4-4cf8-4175-aeaf-c9ae40c69253" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_e725ecba-401d-4706-9f11-9b5356e362c5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_baee2bab-8c90-4ccf-9921-72372ddde5d0" xlink:to="loc_us-gaap_FinancialInstrumentAxis_e725ecba-401d-4706-9f11-9b5356e362c5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0c8f1424-93ad-4cae-8b1b-95188700515a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_e725ecba-401d-4706-9f11-9b5356e362c5" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0c8f1424-93ad-4cae-8b1b-95188700515a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageMember_75f9e640-aff9-4599-83d3-b7e6f07b1d9f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0c8f1424-93ad-4cae-8b1b-95188700515a" xlink:to="loc_us-gaap_ResidentialMortgageMember_75f9e640-aff9-4599-83d3-b7e6f07b1d9f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtLineItems_ce3f4d45-fdda-453b-8878-4e7ecb71680d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_baee2bab-8c90-4ccf-9921-72372ddde5d0" xlink:to="loc_us-gaap_ShortTermDebtLineItems_ce3f4d45-fdda-453b-8878-4e7ecb71680d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShorttermDebtAverageOutstandingAmount_7ea9f36f-510b-437b-85f7-83c49f595bb2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShorttermDebtAverageOutstandingAmount"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_ce3f4d45-fdda-453b-8878-4e7ecb71680d" xlink:to="loc_us-gaap_ShorttermDebtAverageOutstandingAmount_7ea9f36f-510b-437b-85f7-83c49f595bb2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPayableCurrent_54418abd-fe97-4783-b494-ac6ecad8aa58" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestPayableCurrent"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_ce3f4d45-fdda-453b-8878-4e7ecb71680d" xlink:to="loc_us-gaap_InterestPayableCurrent_54418abd-fe97-4783-b494-ac6ecad8aa58" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_1e3f9c02-b7ff-4e56-99c2-68d052b8e138" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_ce3f4d45-fdda-453b-8878-4e7ecb71680d" xlink:to="loc_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_1e3f9c02-b7ff-4e56-99c2-68d052b8e138" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_4f77e38c-6ad7-4c60-ba86-f0ffba1fee87" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_ce3f4d45-fdda-453b-8878-4e7ecb71680d" xlink:to="loc_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_4f77e38c-6ad7-4c60-ba86-f0ffba1fee87" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue_845cf3af-7c40-4f41-85d1-1602e7248898" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_ce3f4d45-fdda-453b-8878-4e7ecb71680d" xlink:to="loc_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue_845cf3af-7c40-4f41-85d1-1602e7248898" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCredit_8b1c62b5-6d00-424b-b73c-dc102bedb5d6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCredit"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_ce3f4d45-fdda-453b-8878-4e7ecb71680d" xlink:to="loc_us-gaap_LineOfCredit_8b1c62b5-6d00-424b-b73c-dc102bedb5d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_e206da81-105d-4daf-b782-64ad4614c182" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTable_3b5b2baf-5330-437f-8e69-d80463c9e5c6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_e206da81-105d-4daf-b782-64ad4614c182" xlink:to="loc_us-gaap_ScheduleOfShortTermDebtTable_3b5b2baf-5330-437f-8e69-d80463c9e5c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeAxis_329842b5-ccdb-4c16-a81f-d02ae16bd345" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_3b5b2baf-5330-437f-8e69-d80463c9e5c6" xlink:to="loc_us-gaap_ShortTermDebtTypeAxis_329842b5-ccdb-4c16-a81f-d02ae16bd345" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_82d9f786-f320-40ee-bb25-2e31eb2272a7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_329842b5-ccdb-4c16-a81f-d02ae16bd345" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_82d9f786-f320-40ee-bb25-2e31eb2272a7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_ff230e2c-4c73-402e-9524-99e739e228e0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_82d9f786-f320-40ee-bb25-2e31eb2272a7" xlink:to="loc_us-gaap_LineOfCreditMember_ff230e2c-4c73-402e-9524-99e739e228e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ServicerAdvanceFinancingMember_e53b2742-5e30-4420-9ede-776a15a5dc5d" xlink:href="rwt-20210331.xsd#rwt_ServicerAdvanceFinancingMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_82d9f786-f320-40ee-bb25-2e31eb2272a7" xlink:to="loc_rwt_ServicerAdvanceFinancingMember_e53b2742-5e30-4420-9ede-776a15a5dc5d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_516fa038-c06e-44ef-ae0f-39553341101e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_3b5b2baf-5330-437f-8e69-d80463c9e5c6" xlink:to="loc_us-gaap_FinancialInstrumentAxis_516fa038-c06e-44ef-ae0f-39553341101e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c1b21b66-dc87-40c0-bef7-52fa9c8165ed" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_516fa038-c06e-44ef-ae0f-39553341101e" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c1b21b66-dc87-40c0-bef7-52fa9c8165ed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoanWarehouseMember_f28603fb-ea41-4307-a35d-cc4d1b011017" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoanWarehouseMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c1b21b66-dc87-40c0-bef7-52fa9c8165ed" xlink:to="loc_rwt_ResidentialLoanWarehouseMember_f28603fb-ea41-4307-a35d-cc4d1b011017" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansMember_4b562903-c16a-43fa-9852-2eb26ab13ed0" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c1b21b66-dc87-40c0-bef7-52fa9c8165ed" xlink:to="loc_rwt_BusinessPurposeResidentialLoansMember_4b562903-c16a-43fa-9852-2eb26ab13ed0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RealEstateSecuritiesMember_13d94054-4139-4b71-b82e-bfa54711fd62" xlink:href="rwt-20210331.xsd#rwt_RealEstateSecuritiesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_c1b21b66-dc87-40c0-bef7-52fa9c8165ed" xlink:to="loc_rwt_RealEstateSecuritiesMember_13d94054-4139-4b71-b82e-bfa54711fd62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis_81918765-0db1-438a-824b-60f8db124fe0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_3b5b2baf-5330-437f-8e69-d80463c9e5c6" xlink:to="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis_81918765-0db1-438a-824b-60f8db124fe0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain_df883d8a-6930-4f24-979a-694441a170e8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis_81918765-0db1-438a-824b-60f8db124fe0" xlink:to="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain_df883d8a-6930-4f24-979a-694441a170e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MaturityUpTo30DaysMember_bcd748ac-1a67-461d-a124-8c2d05519328" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MaturityUpTo30DaysMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain_df883d8a-6930-4f24-979a-694441a170e8" xlink:to="loc_us-gaap_MaturityUpTo30DaysMember_bcd748ac-1a67-461d-a124-8c2d05519328" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Maturity30To90DaysMember_af3815ae-fbb1-4529-98a2-bc70c6d09723" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Maturity30To90DaysMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain_df883d8a-6930-4f24-979a-694441a170e8" xlink:to="loc_us-gaap_Maturity30To90DaysMember_af3815ae-fbb1-4529-98a2-bc70c6d09723" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MaturityOver90DaysMember_54ad6b7d-35c4-4dcd-8b55-8bfa6d38979b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MaturityOver90DaysMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain_df883d8a-6930-4f24-979a-694441a170e8" xlink:to="loc_us-gaap_MaturityOver90DaysMember_54ad6b7d-35c4-4dcd-8b55-8bfa6d38979b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermDebtLineItems_f95f7b9a-bab2-4d22-9f74-5f01b9c60f08" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_3b5b2baf-5330-437f-8e69-d80463c9e5c6" xlink:to="loc_us-gaap_ShortTermDebtLineItems_f95f7b9a-bab2-4d22-9f74-5f01b9c60f08" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermBorrowings_36a5fdf7-96a2-4a7a-9af2-8cd7fd1259cc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermBorrowings"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_f95f7b9a-bab2-4d22-9f74-5f01b9c60f08" xlink:to="loc_us-gaap_ShortTermBorrowings_36a5fdf7-96a2-4a7a-9af2-8cd7fd1259cc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssued" xlink:type="simple" xlink:href="rwt-20210331.xsd#AssetBackedSecuritiesIssued"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssued" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_d09e0b75-b4f8-4531-8033-d3c25e8b66e0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SecuredBorrowingsDisclosureTextBlock_5d7febeb-3a70-473b-b03d-83952e02e91d" xlink:href="rwt-20210331.xsd#rwt_SecuredBorrowingsDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_d09e0b75-b4f8-4531-8033-d3c25e8b66e0" xlink:to="loc_rwt_SecuredBorrowingsDisclosureTextBlock_5d7febeb-3a70-473b-b03d-83952e02e91d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#AssetBackedSecuritiesIssuedTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_17079dc7-75c3-4fb4-8b01-be6e8380bc0c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock_9c717338-499f-4b3a-82fd-3211c837d79b" xlink:href="rwt-20210331.xsd#rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_17079dc7-75c3-4fb4-8b01-be6e8380bc0c" xlink:to="loc_rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock_9c717338-499f-4b3a-82fd-3211c837d79b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock_f56a0eaa-abbc-44f5-9584-04aa8f85102a" xlink:href="rwt-20210331.xsd#rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_17079dc7-75c3-4fb4-8b01-be6e8380bc0c" xlink:to="loc_rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock_f56a0eaa-abbc-44f5-9584-04aa8f85102a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_e1214128-a875-4c72-9722-eb9302cf8ddd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_001db7c6-eae8-47ab-9ba0-44414988155a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_e1214128-a875-4c72-9722-eb9302cf8ddd" xlink:to="loc_us-gaap_DebtInstrumentTable_001db7c6-eae8-47ab-9ba0-44414988155a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_759997cb-d0ff-4bf8-b607-ed2c2e65ba55" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_001db7c6-eae8-47ab-9ba0-44414988155a" xlink:to="loc_us-gaap_DebtInstrumentAxis_759997cb-d0ff-4bf8-b607-ed2c2e65ba55" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_e0639063-e988-4ea4-9833-257420bee1c8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_759997cb-d0ff-4bf8-b607-ed2c2e65ba55" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_e0639063-e988-4ea4-9833-257420bee1c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetBackedSecuritiesMember_aa2fad85-c6d6-424a-a614-abb7c62f070d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetBackedSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_e0639063-e988-4ea4-9833-257420bee1c8" xlink:to="loc_us-gaap_AssetBackedSecuritiesMember_aa2fad85-c6d6-424a-a614-abb7c62f070d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_38b11de7-bbe1-48db-be18-8dba3f77b5a8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_001db7c6-eae8-47ab-9ba0-44414988155a" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_38b11de7-bbe1-48db-be18-8dba3f77b5a8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_e05c0b5e-7f53-4c91-9a21-7b6a24b915b6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_38b11de7-bbe1-48db-be18-8dba3f77b5a8" xlink:to="loc_us-gaap_RelatedPartyDomain_e05c0b5e-7f53-4c91-9a21-7b6a24b915b6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_eece10b1-7f62-4c5c-8366-a79692113e6c" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_e05c0b5e-7f53-4c91-9a21-7b6a24b915b6" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_eece10b1-7f62-4c5c-8366-a79692113e6c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_a7121633-fcfd-4bc0-ad77-972308f331f3" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_e05c0b5e-7f53-4c91-9a21-7b6a24b915b6" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_a7121633-fcfd-4bc0-ad77-972308f331f3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_82c33f69-37f0-4e59-9c60-f3cb51fb4d9b" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_e05c0b5e-7f53-4c91-9a21-7b6a24b915b6" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_82c33f69-37f0-4e59-9c60-f3cb51fb4d9b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_19ca8655-0d39-4c37-adf0-6e04b9245c2b" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_e05c0b5e-7f53-4c91-9a21-7b6a24b915b6" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_19ca8655-0d39-4c37-adf0-6e04b9245c2b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_ae79566f-4142-4987-b1a2-018c4dc4f761" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_e05c0b5e-7f53-4c91-9a21-7b6a24b915b6" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_ae79566f-4142-4987-b1a2-018c4dc4f761" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_90153615-20b5-4ea4-aa12-10dc1d2cc4cd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_001db7c6-eae8-47ab-9ba0-44414988155a" xlink:to="loc_us-gaap_InvestmentTypeAxis_90153615-20b5-4ea4-aa12-10dc1d2cc4cd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_4db4dd5e-2fc8-4e34-bdd1-ad21bf5df6af" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_90153615-20b5-4ea4-aa12-10dc1d2cc4cd" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_4db4dd5e-2fc8-4e34-bdd1-ad21bf5df6af" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CertificatesWithPrincipalValueMember_322973d1-da68-4f4b-b408-f5ae0ee450e2" xlink:href="rwt-20210331.xsd#rwt_CertificatesWithPrincipalValueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_4db4dd5e-2fc8-4e34-bdd1-ad21bf5df6af" xlink:to="loc_rwt_CertificatesWithPrincipalValueMember_322973d1-da68-4f4b-b408-f5ae0ee450e2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestOnlyCertificatesMember_e64b5352-b025-41ad-a1ad-997b3adb1356" xlink:href="rwt-20210331.xsd#rwt_InterestOnlyCertificatesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_4db4dd5e-2fc8-4e34-bdd1-ad21bf5df6af" xlink:to="loc_rwt_InterestOnlyCertificatesMember_e64b5352-b025-41ad-a1ad-997b3adb1356" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_ef329b9f-9d10-43df-88a4-1caaf0ed131f" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_001db7c6-eae8-47ab-9ba0-44414988155a" xlink:to="loc_srt_RangeAxis_ef329b9f-9d10-43df-88a4-1caaf0ed131f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_c747ccb2-7d8a-4b6f-93d5-3760f13d2b77" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_ef329b9f-9d10-43df-88a4-1caaf0ed131f" xlink:to="loc_srt_RangeMember_c747ccb2-7d8a-4b6f-93d5-3760f13d2b77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_0242b186-d73d-408e-b267-f3e58bc2fd6a" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_c747ccb2-7d8a-4b6f-93d5-3760f13d2b77" xlink:to="loc_srt_MinimumMember_0242b186-d73d-408e-b267-f3e58bc2fd6a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_72e01f97-17be-454a-ab9d-6cf08038a9da" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_c747ccb2-7d8a-4b6f-93d5-3760f13d2b77" xlink:to="loc_srt_MaximumMember_72e01f97-17be-454a-ab9d-6cf08038a9da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RestatementAxis_78ad3985-0418-45a4-8e6e-944eb6e5dc17" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RestatementAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_001db7c6-eae8-47ab-9ba0-44414988155a" xlink:to="loc_srt_RestatementAxis_78ad3985-0418-45a4-8e6e-944eb6e5dc17" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RestatementDomain_e83416ce-dd19-4a4a-b124-10cdc906a3e2" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RestatementDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RestatementAxis_78ad3985-0418-45a4-8e6e-944eb6e5dc17" xlink:to="loc_srt_RestatementDomain_e83416ce-dd19-4a4a-b124-10cdc906a3e2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember_2e04151a-59a8-44ad-bbe2-28633fab0205" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RestatementDomain_e83416ce-dd19-4a4a-b124-10cdc906a3e2" xlink:to="loc_srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember_2e04151a-59a8-44ad-bbe2-28633fab0205" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_3b06a70e-165f-4912-95f5-f27bdc266cd3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_001db7c6-eae8-47ab-9ba0-44414988155a" xlink:to="loc_us-gaap_DebtInstrumentLineItems_3b06a70e-165f-4912-95f5-f27bdc266cd3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_92214cd6-d969-42d5-9e53-2e23441f15b3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_3b06a70e-165f-4912-95f5-f27bdc266cd3" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_92214cd6-d969-42d5-9e53-2e23441f15b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_e48c1443-7e93-4665-949e-25a60bf1d465" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebt"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_3b06a70e-165f-4912-95f5-f27bdc266cd3" xlink:to="loc_us-gaap_LongTermDebt_e48c1443-7e93-4665-949e-25a60bf1d465" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtWeightedAverageInterestRate_8c8f8a5f-237c-4231-a82d-7b47a117f10c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtWeightedAverageInterestRate"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_3b06a70e-165f-4912-95f5-f27bdc266cd3" xlink:to="loc_us-gaap_DebtWeightedAverageInterestRate_8c8f8a5f-237c-4231-a82d-7b47a117f10c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NumberOfSeries_0a5307b3-7d91-4e0a-9726-f6aa1ebd0db0" xlink:href="rwt-20210331.xsd#rwt_NumberOfSeries"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_3b06a70e-165f-4912-95f5-f27bdc266cd3" xlink:to="loc_rwt_NumberOfSeries_0a5307b3-7d91-4e0a-9726-f6aa1ebd0db0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_ca387c2c-010a-4686-8b15-d59c8104755b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentFaceAmount"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_3b06a70e-165f-4912-95f5-f27bdc266cd3" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_ca387c2c-010a-4686-8b15-d59c8104755b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#AssetBackedSecuritiesIssuedAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_bd576c78-eb70-40d8-bdbb-0bd18c9993e8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_9dcb4342-e515-4055-a73e-cb7eb9e36188" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_bd576c78-eb70-40d8-bdbb-0bd18c9993e8" xlink:to="loc_us-gaap_DebtInstrumentTable_9dcb4342-e515-4055-a73e-cb7eb9e36188" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_35f6d1ed-22b2-4ba9-b51f-737499444ec9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_9dcb4342-e515-4055-a73e-cb7eb9e36188" xlink:to="loc_us-gaap_DebtInstrumentAxis_35f6d1ed-22b2-4ba9-b51f-737499444ec9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_107c2a60-5480-4fc8-9cfb-ce34abd9ac6e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_35f6d1ed-22b2-4ba9-b51f-737499444ec9" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_107c2a60-5480-4fc8-9cfb-ce34abd9ac6e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetBackedSecuritiesMember_071bfa42-9c95-4185-a026-d4b714106bc0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetBackedSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_107c2a60-5480-4fc8-9cfb-ce34abd9ac6e" xlink:to="loc_us-gaap_AssetBackedSecuritiesMember_071bfa42-9c95-4185-a026-d4b714106bc0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentSecondaryCategorizationAxis_56ed023e-7fff-4e13-be4f-27dc455cb804" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentSecondaryCategorizationAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_9dcb4342-e515-4055-a73e-cb7eb9e36188" xlink:to="loc_us-gaap_InvestmentSecondaryCategorizationAxis_56ed023e-7fff-4e13-be4f-27dc455cb804" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsBySecondaryCategorizationDomain_aff14e34-30a9-4de2-a562-1cbac8413658" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsBySecondaryCategorizationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentSecondaryCategorizationAxis_56ed023e-7fff-4e13-be4f-27dc455cb804" xlink:to="loc_us-gaap_InvestmentsBySecondaryCategorizationDomain_aff14e34-30a9-4de2-a562-1cbac8413658" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MaturityOverFiveYearsMember_26ae2402-4b56-4136-8ceb-a4993afc48f6" xlink:href="rwt-20210331.xsd#rwt_MaturityOverFiveYearsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsBySecondaryCategorizationDomain_aff14e34-30a9-4de2-a562-1cbac8413658" xlink:to="loc_rwt_MaturityOverFiveYearsMember_26ae2402-4b56-4136-8ceb-a4993afc48f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_e21df8d1-1ba1-4bca-8e62-e287d47aba76" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_9dcb4342-e515-4055-a73e-cb7eb9e36188" xlink:to="loc_srt_ConsolidatedEntitiesAxis_e21df8d1-1ba1-4bca-8e62-e287d47aba76" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_130d3a97-eb4b-4bd1-a7dd-a5eee1136691" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_e21df8d1-1ba1-4bca-8e62-e287d47aba76" xlink:to="loc_srt_ConsolidatedEntitiesDomain_130d3a97-eb4b-4bd1-a7dd-a5eee1136691" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_7d1a52fa-5398-4679-aefa-77c19ed49c29" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_130d3a97-eb4b-4bd1-a7dd-a5eee1136691" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_7d1a52fa-5398-4679-aefa-77c19ed49c29" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_92316f7d-9468-432f-9834-762a3b6df3fb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_9dcb4342-e515-4055-a73e-cb7eb9e36188" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_92316f7d-9468-432f-9834-762a3b6df3fb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_7c13550c-1007-457b-8ae8-fa215960bab7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_92316f7d-9468-432f-9834-762a3b6df3fb" xlink:to="loc_us-gaap_RelatedPartyDomain_7c13550c-1007-457b-8ae8-fa215960bab7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_0c6d9b0f-fff5-4edd-8c0a-1a6b533dbb5e" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_7c13550c-1007-457b-8ae8-fa215960bab7" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_0c6d9b0f-fff5-4edd-8c0a-1a6b533dbb5e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_a13ba541-d52e-49a7-829d-69ea71b2fb1e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_9dcb4342-e515-4055-a73e-cb7eb9e36188" xlink:to="loc_us-gaap_DebtInstrumentLineItems_a13ba541-d52e-49a7-829d-69ea71b2fb1e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost_ba1d2397-ae34-439a-89ae-ac5d8a325e19" xlink:href="rwt-20210331.xsd#rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_a13ba541-d52e-49a7-829d-69ea71b2fb1e" xlink:to="loc_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost_ba1d2397-ae34-439a-89ae-ac5d8a325e19" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityOwnershipPercentage_b6da7490-ee6d-4374-9d41-8dce29d8755d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityOwnershipPercentage"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_a13ba541-d52e-49a7-829d-69ea71b2fb1e" xlink:to="loc_us-gaap_VariableInterestEntityOwnershipPercentage_b6da7490-ee6d-4374-9d41-8dce29d8755d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_1a1fe5d1-d3f2-46d5-b6c3-662bd57e52a1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentFaceAmount"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_a13ba541-d52e-49a7-829d-69ea71b2fb1e" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_1a1fe5d1-d3f2-46d5-b6c3-662bd57e52a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedDiscount_19304293-518f-4a9f-b599-d4f6c8fd4b3c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscount"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_a13ba541-d52e-49a7-829d-69ea71b2fb1e" xlink:to="loc_us-gaap_DebtInstrumentUnamortizedDiscount_19304293-518f-4a9f-b599-d4f6c8fd4b3c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_3239b880-9252-4e24-a0c8-15db00b259a4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_a13ba541-d52e-49a7-829d-69ea71b2fb1e" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_3239b880-9252-4e24-a0c8-15db00b259a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LongTermMarketableSecuritiesMaturitiesTerm_3d85c584-2caa-4709-961d-45bbbd6ef5b1" xlink:href="rwt-20210331.xsd#rwt_LongTermMarketableSecuritiesMaturitiesTerm"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_a13ba541-d52e-49a7-829d-69ea71b2fb1e" xlink:to="loc_rwt_LongTermMarketableSecuritiesMaturitiesTerm_3d85c584-2caa-4709-961d-45bbbd6ef5b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#AssetBackedSecuritiesIssuedAccruedInterestPayableDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_f9e97a14-555e-475c-aa8e-06ad80c22192" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_973aa76b-86db-4c2c-b6e6-a74fcf3fc326" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_f9e97a14-555e-475c-aa8e-06ad80c22192" xlink:to="loc_us-gaap_DebtInstrumentTable_973aa76b-86db-4c2c-b6e6-a74fcf3fc326" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_9e755886-88ae-45ca-ae21-69160f5a3dc3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_973aa76b-86db-4c2c-b6e6-a74fcf3fc326" xlink:to="loc_us-gaap_DebtInstrumentAxis_9e755886-88ae-45ca-ae21-69160f5a3dc3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_210da301-e364-4ed1-a8d5-cdc6f773733b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_9e755886-88ae-45ca-ae21-69160f5a3dc3" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_210da301-e364-4ed1-a8d5-cdc6f773733b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetBackedSecuritiesMember_d90230ca-45f8-48f3-9ec8-8bbd1b949683" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetBackedSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_210da301-e364-4ed1-a8d5-cdc6f773733b" xlink:to="loc_us-gaap_AssetBackedSecuritiesMember_d90230ca-45f8-48f3-9ec8-8bbd1b949683" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_f87617ad-0fd3-4d3f-9fe3-2b9b20cec50d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_973aa76b-86db-4c2c-b6e6-a74fcf3fc326" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_f87617ad-0fd3-4d3f-9fe3-2b9b20cec50d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_6632314b-b276-44c8-9bdc-ca3fc7010aef" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_f87617ad-0fd3-4d3f-9fe3-2b9b20cec50d" xlink:to="loc_us-gaap_RelatedPartyDomain_6632314b-b276-44c8-9bdc-ca3fc7010aef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_084fb459-33e8-43f1-9428-9f4d27284847" xlink:href="rwt-20210331.xsd#rwt_LegacySequoiaSecuritizationEntitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_6632314b-b276-44c8-9bdc-ca3fc7010aef" xlink:to="loc_rwt_LegacySequoiaSecuritizationEntitiesMember_084fb459-33e8-43f1-9428-9f4d27284847" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_36528b8a-4f45-45eb-8d07-33d759ab5ce1" xlink:href="rwt-20210331.xsd#rwt_SequoiaChoiceSecuritizationEntitiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_6632314b-b276-44c8-9bdc-ca3fc7010aef" xlink:to="loc_rwt_SequoiaChoiceSecuritizationEntitiesMember_36528b8a-4f45-45eb-8d07-33d759ab5ce1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_f72e9f0e-ef2c-455b-b34c-aaaae3cc6a18" xlink:href="rwt-20210331.xsd#rwt_FreddieMacSLSTSecuritizationEntitiesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_6632314b-b276-44c8-9bdc-ca3fc7010aef" xlink:to="loc_rwt_FreddieMacSLSTSecuritizationEntitiesMember_f72e9f0e-ef2c-455b-b34c-aaaae3cc6a18" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_9b10a3f0-b64c-4186-bf84-7f203a563f55" xlink:href="rwt-20210331.xsd#rwt_FreddieMacKSeriesSecuritizationEntitiesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_6632314b-b276-44c8-9bdc-ca3fc7010aef" xlink:to="loc_rwt_FreddieMacKSeriesSecuritizationEntitiesMember_9b10a3f0-b64c-4186-bf84-7f203a563f55" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CAFLSecuritizationEntitiesMember_b3c616db-2fdb-4b69-bb58-7a40aba09ea9" xlink:href="rwt-20210331.xsd#rwt_CAFLSecuritizationEntitiesMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_6632314b-b276-44c8-9bdc-ca3fc7010aef" xlink:to="loc_rwt_CAFLSecuritizationEntitiesMember_b3c616db-2fdb-4b69-bb58-7a40aba09ea9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_131dc434-f753-417d-94a6-5d01e55da1b8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_973aa76b-86db-4c2c-b6e6-a74fcf3fc326" xlink:to="loc_us-gaap_DebtInstrumentLineItems_131dc434-f753-417d-94a6-5d01e55da1b8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfFinancingCosts_f21fcdee-c405-4bcd-ad8c-7b83743b6939" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AmortizationOfFinancingCosts"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_131dc434-f753-417d-94a6-5d01e55da1b8" xlink:to="loc_us-gaap_AmortizationOfFinancingCosts_f21fcdee-c405-4bcd-ad8c-7b83743b6939" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/LongTermDebt" xlink:type="simple" xlink:href="rwt-20210331.xsd#LongTermDebt"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/LongTermDebt" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_6c3a0cc2-d766-4a64-8e56-c3d08e86dba1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtTextBlock_ba960139-69eb-4d40-8e97-784808cc620d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_6c3a0cc2-d766-4a64-8e56-c3d08e86dba1" xlink:to="loc_us-gaap_LongTermDebtTextBlock_ba960139-69eb-4d40-8e97-784808cc620d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/LongTermDebtTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#LongTermDebtTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/LongTermDebtTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_70805a26-4a36-40ca-9df4-51e39eafa422" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock_36fc3944-8ed8-4d39-803d-67b53a25f6a6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_70805a26-4a36-40ca-9df4-51e39eafa422" xlink:to="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock_36fc3944-8ed8-4d39-803d-67b53a25f6a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock_e591eb74-de63-44a5-bcd3-44fc2fdc974c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_70805a26-4a36-40ca-9df4-51e39eafa422" xlink:to="loc_us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock_e591eb74-de63-44a5-bcd3-44fc2fdc974c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#LongTermDebtScheduleofComponentsofLongTermDebtDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TextBlockAbstract_699bb3d7-7ed8-4fbc-8949-3075624616ca" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TextBlockAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_0c2c460c-7446-4904-90f5-391380d7005b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TextBlockAbstract_699bb3d7-7ed8-4fbc-8949-3075624616ca" xlink:to="loc_us-gaap_DebtInstrumentTable_0c2c460c-7446-4904-90f5-391380d7005b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_ad5a686f-f8bb-4447-aafe-ffafd71c520d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_0c2c460c-7446-4904-90f5-391380d7005b" xlink:to="loc_us-gaap_DebtInstrumentAxis_ad5a686f-f8bb-4447-aafe-ffafd71c520d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_ad5a686f-f8bb-4447-aafe-ffafd71c520d" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NonMarginableDebtRepurchaseAgreementOneMember_a5a38db0-7a77-494b-be69-1ed4725160c6" xlink:href="rwt-20210331.xsd#rwt_NonMarginableDebtRepurchaseAgreementOneMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_NonMarginableDebtRepurchaseAgreementOneMember_a5a38db0-7a77-494b-be69-1ed4725160c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NonMarginableDebtRepurchaseAgreementTwoMember_0957118b-b657-4a1f-b064-f2fc6edb237f" xlink:href="rwt-20210331.xsd#rwt_NonMarginableDebtRepurchaseAgreementTwoMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_NonMarginableDebtRepurchaseAgreementTwoMember_0957118b-b657-4a1f-b064-f2fc6edb237f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember_153f5314-348b-436f-8463-1e2b87c4411d" xlink:href="rwt-20210331.xsd#rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember_153f5314-348b-436f-8463-1e2b87c4411d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember_168bfc2d-6a37-4f80-aa87-056e5f012259" xlink:href="rwt-20210331.xsd#rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember_168bfc2d-6a37-4f80-aa87-056e5f012259" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member_6c33ab3f-0ac8-49a8-a0b9-20d89c87a9c0" xlink:href="rwt-20210331.xsd#rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member_6c33ab3f-0ac8-49a8-a0b9-20d89c87a9c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RecourseBusinessPurposeLoanFinancingFacilityMember_99e74e19-e826-40b8-88e7-3d21f3eb10a4" xlink:href="rwt-20210331.xsd#rwt_RecourseBusinessPurposeLoanFinancingFacilityMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_RecourseBusinessPurposeLoanFinancingFacilityMember_99e74e19-e826-40b8-88e7-3d21f3eb10a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FHLBCBorrowingsMember_d6718e95-db76-4a09-a9cf-8b2d49dfa5da" xlink:href="rwt-20210331.xsd#rwt_FHLBCBorrowingsMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_FHLBCBorrowingsMember_d6718e95-db76-4a09-a9cf-8b2d49dfa5da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorNotesDue2023Member_4deb8066-6261-4e8d-bbae-aae8c030a56a" xlink:href="rwt-20210331.xsd#rwt_SeniorNotesDue2023Member"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_SeniorNotesDue2023Member_4deb8066-6261-4e8d-bbae-aae8c030a56a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorNotesDue2024Member_7eee6d91-f98e-43ad-b408-8579c64f04ad" xlink:href="rwt-20210331.xsd#rwt_SeniorNotesDue2024Member"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_SeniorNotesDue2024Member_7eee6d91-f98e-43ad-b408-8579c64f04ad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExchangeableSeniorNotesDue2025Member_ef13a1aa-7e5b-4ccb-90fc-66fee2cb2813" xlink:href="rwt-20210331.xsd#rwt_ExchangeableSeniorNotesDue2025Member"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_fb75bd1d-6953-43d5-b4f0-a274e91bc816" xlink:to="loc_rwt_ExchangeableSeniorNotesDue2025Member_ef13a1aa-7e5b-4ccb-90fc-66fee2cb2813" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_053a7ae7-e55c-4c56-9b28-84206cb9c303" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_0c2c460c-7446-4904-90f5-391380d7005b" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_053a7ae7-e55c-4c56-9b28-84206cb9c303" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_d3c14a7a-ffe1-4782-9697-8f94365426f5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_053a7ae7-e55c-4c56-9b28-84206cb9c303" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_d3c14a7a-ffe1-4782-9697-8f94365426f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember_84e5208b-e13a-4458-819c-154cb5eadaa3" xlink:href="rwt-20210331.xsd#rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_d3c14a7a-ffe1-4782-9697-8f94365426f5" xlink:to="loc_rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember_84e5208b-e13a-4458-819c-154cb5eadaa3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_8ae3b814-9a14-4fcb-b85e-250f69e4913a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_d3c14a7a-ffe1-4782-9697-8f94365426f5" xlink:to="loc_us-gaap_LineOfCreditMember_8ae3b814-9a14-4fcb-b85e-250f69e4913a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtMember_a1b8ca00-b52b-49f5-b3f2-50b0ea81ba56" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConvertibleDebtMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_d3c14a7a-ffe1-4782-9697-8f94365426f5" xlink:to="loc_us-gaap_ConvertibleDebtMember_a1b8ca00-b52b-49f5-b3f2-50b0ea81ba56" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TrustPreferredSecuritiesMember_ba63704c-f753-4cb6-be06-cb78c60011bc" xlink:href="rwt-20210331.xsd#rwt_TrustPreferredSecuritiesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_d3c14a7a-ffe1-4782-9697-8f94365426f5" xlink:to="loc_rwt_TrustPreferredSecuritiesMember_ba63704c-f753-4cb6-be06-cb78c60011bc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_821de450-96fe-4688-89cc-d02c013ad8c0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_0c2c460c-7446-4904-90f5-391380d7005b" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_821de450-96fe-4688-89cc-d02c013ad8c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_42deb15d-2751-4ec8-a6be-fc126eef835a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_821de450-96fe-4688-89cc-d02c013ad8c0" xlink:to="loc_us-gaap_RelatedPartyDomain_42deb15d-2751-4ec8-a6be-fc126eef835a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_AffiliatedEntityMember_025593f4-f608-44ac-ac16-aab704a7dcef" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_AffiliatedEntityMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_42deb15d-2751-4ec8-a6be-fc126eef835a" xlink:to="loc_srt_AffiliatedEntityMember_025593f4-f608-44ac-ac16-aab704a7dcef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableRateAxis_19fe2379-6cbc-4110-a8d4-9b1a316daeab" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableRateAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_0c2c460c-7446-4904-90f5-391380d7005b" xlink:to="loc_us-gaap_VariableRateAxis_19fe2379-6cbc-4110-a8d4-9b1a316daeab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableRateDomain_f0a43faa-e334-42dc-9de0-0c584337e3f5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableRateDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateAxis_19fe2379-6cbc-4110-a8d4-9b1a316daeab" xlink:to="loc_us-gaap_VariableRateDomain_f0a43faa-e334-42dc-9de0-0c584337e3f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LondonInterbankOfferedRateLIBORMember_e4bac0ee-795f-4874-b72c-d3f24320c69d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LondonInterbankOfferedRateLIBORMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateDomain_f0a43faa-e334-42dc-9de0-0c584337e3f5" xlink:to="loc_us-gaap_LondonInterbankOfferedRateLIBORMember_e4bac0ee-795f-4874-b72c-d3f24320c69d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_516ac1c9-350f-4fc1-a9bd-e9d551a1d8fe" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_0c2c460c-7446-4904-90f5-391380d7005b" xlink:to="loc_srt_RangeAxis_516ac1c9-350f-4fc1-a9bd-e9d551a1d8fe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_14df481a-a9fa-4b6c-8e43-2bdd1f8cc149" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_516ac1c9-350f-4fc1-a9bd-e9d551a1d8fe" xlink:to="loc_srt_RangeMember_14df481a-a9fa-4b6c-8e43-2bdd1f8cc149" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_fbb56f78-7fe4-4966-a740-5401f88abe05" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_14df481a-a9fa-4b6c-8e43-2bdd1f8cc149" xlink:to="loc_srt_MinimumMember_fbb56f78-7fe4-4966-a740-5401f88abe05" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_31b4c476-8ac2-40da-b008-7a2cdc2d30da" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_14df481a-a9fa-4b6c-8e43-2bdd1f8cc149" xlink:to="loc_srt_MaximumMember_31b4c476-8ac2-40da-b008-7a2cdc2d30da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_d5e4b32e-7445-4b6e-9a5b-233d077a5626" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_0c2c460c-7446-4904-90f5-391380d7005b" xlink:to="loc_us-gaap_DebtInstrumentLineItems_d5e4b32e-7445-4b6e-9a5b-233d077a5626" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_5f300cc2-1071-41b1-bd08-b30cd4d068dc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_d5e4b32e-7445-4b6e-9a5b-233d077a5626" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_5f300cc2-1071-41b1-bd08-b30cd4d068dc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_80c87055-2eda-4b04-864e-a0dd3fe662fd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_d5e4b32e-7445-4b6e-9a5b-233d077a5626" xlink:to="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_80c87055-2eda-4b04-864e-a0dd3fe662fd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_c3e802b7-ffc8-4324-88af-ba463668478b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebt"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_d5e4b32e-7445-4b6e-9a5b-233d077a5626" xlink:to="loc_us-gaap_LongTermDebt_c3e802b7-ffc8-4324-88af-ba463668478b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_95137639-3201-4abc-8d12-4def3f04ad8b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_d5e4b32e-7445-4b6e-9a5b-233d077a5626" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_95137639-3201-4abc-8d12-4def3f04ad8b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_ed3ccd00-9a3b-4345-932c-9fcebd9a2d97" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_d5e4b32e-7445-4b6e-9a5b-233d077a5626" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_ed3ccd00-9a3b-4345-932c-9fcebd9a2d97" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_176c1671-6acd-41df-a274-4836cd1b7895" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_d5e4b32e-7445-4b6e-9a5b-233d077a5626" xlink:to="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_176c1671-6acd-41df-a274-4836cd1b7895" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#LongTermDebtScheduleofCollateralforLongTermDebtDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_8e3b7880-6313-4083-9992-efa7d378ce05" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_d20c9d03-d51a-434c-8027-f45e8328a8af" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_8e3b7880-6313-4083-9992-efa7d378ce05" xlink:to="loc_us-gaap_DebtInstrumentTable_d20c9d03-d51a-434c-8027-f45e8328a8af" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CollateralAxis_c0838e1a-0fc7-4b4d-9404-675a179a0c76" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CollateralAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_d20c9d03-d51a-434c-8027-f45e8328a8af" xlink:to="loc_us-gaap_CollateralAxis_c0838e1a-0fc7-4b4d-9404-675a179a0c76" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CollateralDomain_f880ec52-d37e-4ad4-a63e-35394241af6e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CollateralDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CollateralAxis_c0838e1a-0fc7-4b4d-9404-675a179a0c76" xlink:to="loc_us-gaap_CollateralDomain_f880ec52-d37e-4ad4-a63e-35394241af6e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BridgeLoanMember_b37a6cbc-f7e5-464e-a1a8-17a4aab15f12" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BridgeLoanMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CollateralDomain_f880ec52-d37e-4ad4-a63e-35394241af6e" xlink:to="loc_us-gaap_BridgeLoanMember_b37a6cbc-f7e5-464e-a1a8-17a4aab15f12" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialRealEstateMember_f3737fdf-a593-4f72-856f-dc4cb3f46d6d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialRealEstateMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CollateralDomain_f880ec52-d37e-4ad4-a63e-35394241af6e" xlink:to="loc_us-gaap_ResidentialRealEstateMember_f3737fdf-a593-4f72-856f-dc4cb3f46d6d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommercialRealEstateMember_1b094672-2cde-4a90-9dbb-325817d9a8e1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommercialRealEstateMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CollateralDomain_f880ec52-d37e-4ad4-a63e-35394241af6e" xlink:to="loc_us-gaap_CommercialRealEstateMember_1b094672-2cde-4a90-9dbb-325817d9a8e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherBusinessPurposeLoanInvestmentsMember_2db15995-5c1b-42b4-8744-4598a21ce783" xlink:href="rwt-20210331.xsd#rwt_OtherBusinessPurposeLoanInvestmentsMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CollateralDomain_f880ec52-d37e-4ad4-a63e-35394241af6e" xlink:to="loc_rwt_OtherBusinessPurposeLoanInvestmentsMember_2db15995-5c1b-42b4-8744-4598a21ce783" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RestrictedCashMember_a07338ad-2399-4862-9041-dfc6926abf28" xlink:href="rwt-20210331.xsd#rwt_RestrictedCashMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CollateralDomain_f880ec52-d37e-4ad4-a63e-35394241af6e" xlink:to="loc_rwt_RestrictedCashMember_a07338ad-2399-4862-9041-dfc6926abf28" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_7621103c-635e-4951-8814-04ba839d5219" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_d20c9d03-d51a-434c-8027-f45e8328a8af" xlink:to="loc_us-gaap_DebtInstrumentAxis_7621103c-635e-4951-8814-04ba839d5219" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_ef38fe75-1383-4570-8f53-eb2344871602" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_7621103c-635e-4951-8814-04ba839d5219" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_ef38fe75-1383-4570-8f53-eb2344871602" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NonMarginableDebtRepurchaseAgreementOneMember_87a3c4b6-2139-4fc6-b8ba-7a8904f96b20" xlink:href="rwt-20210331.xsd#rwt_NonMarginableDebtRepurchaseAgreementOneMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_ef38fe75-1383-4570-8f53-eb2344871602" xlink:to="loc_rwt_NonMarginableDebtRepurchaseAgreementOneMember_87a3c4b6-2139-4fc6-b8ba-7a8904f96b20" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_NonMarginableDebtRepurchaseAgreementTwoMember_947d0b60-a65b-4033-ac20-246dbe2e4aa8" xlink:href="rwt-20210331.xsd#rwt_NonMarginableDebtRepurchaseAgreementTwoMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_ef38fe75-1383-4570-8f53-eb2344871602" xlink:to="loc_rwt_NonMarginableDebtRepurchaseAgreementTwoMember_947d0b60-a65b-4033-ac20-246dbe2e4aa8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_3cc27ef6-6160-4152-8d7d-f05e4293090d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_d20c9d03-d51a-434c-8027-f45e8328a8af" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_3cc27ef6-6160-4152-8d7d-f05e4293090d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_d0b40bff-88ad-4307-8ad3-a7f568156133" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_3cc27ef6-6160-4152-8d7d-f05e4293090d" xlink:to="loc_us-gaap_RelatedPartyDomain_d0b40bff-88ad-4307-8ad3-a7f568156133" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_AffiliatedEntityMember_3250d142-7489-4e74-9b06-3b7cd6d1bb97" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_AffiliatedEntityMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_d0b40bff-88ad-4307-8ad3-a7f568156133" xlink:to="loc_srt_AffiliatedEntityMember_3250d142-7489-4e74-9b06-3b7cd6d1bb97" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_cf75852a-4caa-46e3-8743-2a92ce54479f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_d20c9d03-d51a-434c-8027-f45e8328a8af" xlink:to="loc_us-gaap_DebtInstrumentLineItems_cf75852a-4caa-46e3-8743-2a92ce54479f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCollateralAmount_d243ee4e-8a42-4c4e-88ce-4777b08ef149" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentCollateralAmount"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_cf75852a-4caa-46e3-8743-2a92ce54479f" xlink:to="loc_us-gaap_DebtInstrumentCollateralAmount_d243ee4e-8a42-4c4e-88ce-4777b08ef149" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_fae5c4b0-4420-4b65-96ac-634564fffe1a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_f4b07429-8a90-4829-bbb8-584c5b4c54f5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_fae5c4b0-4420-4b65-96ac-634564fffe1a" xlink:to="loc_us-gaap_DebtInstrumentTable_f4b07429-8a90-4829-bbb8-584c5b4c54f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_d71721fb-62e9-443d-a038-a59020a05ba8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_f4b07429-8a90-4829-bbb8-584c5b4c54f5" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_d71721fb-62e9-443d-a038-a59020a05ba8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_da11b09a-c4ef-4e6b-9d3e-3cda08706fcd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_d71721fb-62e9-443d-a038-a59020a05ba8" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_da11b09a-c4ef-4e6b-9d3e-3cda08706fcd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_317e3450-0c0d-461b-949f-26e7a84dd8c2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_da11b09a-c4ef-4e6b-9d3e-3cda08706fcd" xlink:to="loc_us-gaap_LineOfCreditMember_317e3450-0c0d-461b-949f-26e7a84dd8c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtMember_a3131dcf-84c8-4fd5-b879-56a996ddbae4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConvertibleDebtMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_da11b09a-c4ef-4e6b-9d3e-3cda08706fcd" xlink:to="loc_us-gaap_ConvertibleDebtMember_a3131dcf-84c8-4fd5-b879-56a996ddbae4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TrustPreferredSecuritiesMember_6ccfd58b-5132-4111-b154-7a698abc49a7" xlink:href="rwt-20210331.xsd#rwt_TrustPreferredSecuritiesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_da11b09a-c4ef-4e6b-9d3e-3cda08706fcd" xlink:to="loc_rwt_TrustPreferredSecuritiesMember_6ccfd58b-5132-4111-b154-7a698abc49a7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_d8a901a5-138f-484a-bd17-28c6703295ee" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_f4b07429-8a90-4829-bbb8-584c5b4c54f5" xlink:to="loc_us-gaap_DebtInstrumentAxis_d8a901a5-138f-484a-bd17-28c6703295ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_72b349d7-ce2e-478a-b7c8-e86c78aa5a32" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_d8a901a5-138f-484a-bd17-28c6703295ee" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_72b349d7-ce2e-478a-b7c8-e86c78aa5a32" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ExchangeableSeniorNotesDue2025Member_d7199f1a-9888-44b3-9346-4b8d7840ed2a" xlink:href="rwt-20210331.xsd#rwt_ExchangeableSeniorNotesDue2025Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_72b349d7-ce2e-478a-b7c8-e86c78aa5a32" xlink:to="loc_rwt_ExchangeableSeniorNotesDue2025Member_d7199f1a-9888-44b3-9346-4b8d7840ed2a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorNotesDue2024Member_cdae19b9-d45d-427a-8b90-7480b826fcd2" xlink:href="rwt-20210331.xsd#rwt_SeniorNotesDue2024Member"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_72b349d7-ce2e-478a-b7c8-e86c78aa5a32" xlink:to="loc_rwt_SeniorNotesDue2024Member_cdae19b9-d45d-427a-8b90-7480b826fcd2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SeniorNotesDue2023Member_7b2dd9d8-62df-4c7d-a823-f311a55dc5a3" xlink:href="rwt-20210331.xsd#rwt_SeniorNotesDue2023Member"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_72b349d7-ce2e-478a-b7c8-e86c78aa5a32" xlink:to="loc_rwt_SeniorNotesDue2023Member_7b2dd9d8-62df-4c7d-a823-f311a55dc5a3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_9c8950b6-c0ce-473f-88ae-6ceddb661c00" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_f4b07429-8a90-4829-bbb8-584c5b4c54f5" xlink:to="loc_us-gaap_DebtInstrumentLineItems_9c8950b6-c0ce-473f-88ae-6ceddb661c00" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestPayableNoncurrent_a0048fa9-7435-4f80-b404-56c474bd4e16" xlink:href="rwt-20210331.xsd#rwt_InterestPayableNoncurrent"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_9c8950b6-c0ce-473f-88ae-6ceddb661c00" xlink:to="loc_rwt_InterestPayableNoncurrent_a0048fa9-7435-4f80-b404-56c474bd4e16" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingencies" xlink:type="simple" xlink:href="rwt-20210331.xsd#CommitmentsandContingencies"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/CommitmentsandContingencies" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5624c058-1cf7-42d6-b247-522cb16399e5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_46d8c0cd-7344-4f27-bfff-e4e45cf0247b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5624c058-1cf7-42d6-b247-522cb16399e5" xlink:to="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_46d8c0cd-7344-4f27-bfff-e4e45cf0247b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingenciesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#CommitmentsandContingenciesTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/CommitmentsandContingenciesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_7141bbfc-434a-4d7e-b95b-30bd9f7d1b3f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_e193f734-0b40-4497-9e76-7f903283ddd4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_7141bbfc-434a-4d7e-b95b-30bd9f7d1b3f" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_e193f734-0b40-4497-9e76-7f903283ddd4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#CommitmentsandContingenciesAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_7a03c563-0130-4d5b-80f0-af8566731e55" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LossContingenciesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_7a03c563-0130-4d5b-80f0-af8566731e55" xlink:to="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_7e5d48f6-7d5e-44e9-a652-029ba02ebff4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_us-gaap_InvestmentTypeAxis_7e5d48f6-7d5e-44e9-a652-029ba02ebff4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_8154805d-fa36-4245-98cb-3bc402f94579" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_7e5d48f6-7d5e-44e9-a652-029ba02ebff4" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_8154805d-fa36-4245-98cb-3bc402f94579" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_HomeAppreciationOptionMember_b266e807-acfb-4841-a4b4-084609419e99" xlink:href="rwt-20210331.xsd#rwt_HomeAppreciationOptionMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_8154805d-fa36-4245-98cb-3bc402f94579" xlink:to="loc_rwt_HomeAppreciationOptionMember_b266e807-acfb-4841-a4b4-084609419e99" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_81710b02-d7f2-4cf1-be2c-055329249b01" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_81710b02-d7f2-4cf1-be2c-055329249b01" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_08bf2d76-9e48-4936-be3a-49e2becd4d5d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_81710b02-d7f2-4cf1-be2c-055329249b01" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_08bf2d76-9e48-4936-be3a-49e2becd4d5d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_A5ArchesLLCMember_1dc453ac-b318-4653-a1e8-8372f3d284c3" xlink:href="rwt-20210331.xsd#rwt_A5ArchesLLCMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_08bf2d76-9e48-4936-be3a-49e2becd4d5d" xlink:to="loc_rwt_A5ArchesLLCMember_1dc453ac-b318-4653-a1e8-8372f3d284c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsAxis_f00391eb-0159-43c2-a063-01e94b92571c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitmentsAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_us-gaap_OtherCommitmentsAxis_f00391eb-0159-43c2-a063-01e94b92571c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsDomain_9586bae5-05a3-457b-ad5e-1aa6fe3299c4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitmentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsAxis_f00391eb-0159-43c2-a063-01e94b92571c" xlink:to="loc_us-gaap_OtherCommitmentsDomain_9586bae5-05a3-457b-ad5e-1aa6fe3299c4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundResidentialBridgeLoanMember_2fea7514-6017-4f7f-83c4-06ab06a58e93" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundResidentialBridgeLoanMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsDomain_9586bae5-05a3-457b-ad5e-1aa6fe3299c4" xlink:to="loc_rwt_CommitmentToFundResidentialBridgeLoanMember_2fea7514-6017-4f7f-83c4-06ab06a58e93" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember_c5060356-229e-49d1-903b-ee5fd9a3ab5c" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsDomain_9586bae5-05a3-457b-ad5e-1aa6fe3299c4" xlink:to="loc_rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember_c5060356-229e-49d1-903b-ee5fd9a3ab5c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundInvestmentMember_d9f80395-d72d-4ac6-9ce9-8e8005b4cc3e" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundInvestmentMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsDomain_9586bae5-05a3-457b-ad5e-1aa6fe3299c4" xlink:to="loc_rwt_CommitmentToFundInvestmentMember_d9f80395-d72d-4ac6-9ce9-8e8005b4cc3e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_c2793713-3863-4c2f-80c9-07b87f87f653" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_c2793713-3863-4c2f-80c9-07b87f87f653" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingencyNatureDomain_6a932bfb-ee48-4c23-b756-79b2b425e367" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LossContingencyNatureDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_c2793713-3863-4c2f-80c9-07b87f87f653" xlink:to="loc_us-gaap_LossContingencyNatureDomain_6a932bfb-ee48-4c23-b756-79b2b425e367" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GuaranteeObligationsMember_1b3be8dc-0208-4147-8825-2bce9a089935" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GuaranteeObligationsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingencyNatureDomain_6a932bfb-ee48-4c23-b756-79b2b425e367" xlink:to="loc_us-gaap_GuaranteeObligationsMember_1b3be8dc-0208-4147-8825-2bce9a089935" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_596b723f-8622-4810-85ef-9d6d33bc4e4d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialMortgageBackedSecuritiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingencyNatureDomain_6a932bfb-ee48-4c23-b756-79b2b425e367" xlink:to="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_596b723f-8622-4810-85ef-9d6d33bc4e4d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_b4ec593f-f6c6-4822-91fa-bc1e37258f7e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_b4ec593f-f6c6-4822-91fa-bc1e37258f7e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_43c7e452-d8fe-438d-98f9-b1d69a69fe25" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_b4ec593f-f6c6-4822-91fa-bc1e37258f7e" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_43c7e452-d8fe-438d-98f9-b1d69a69fe25" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncomeMember_4f62cb03-5346-4492-9d68-19bb2098ce4b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncomeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_43c7e452-d8fe-438d-98f9-b1d69a69fe25" xlink:to="loc_us-gaap_OtherIncomeMember_4f62cb03-5346-4492-9d68-19bb2098ce4b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingAndInvestmentActivitiesMember_e41aef2a-9c44-43fe-963e-2c10c159ba29" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingAndInvestmentActivitiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_43c7e452-d8fe-438d-98f9-b1d69a69fe25" xlink:to="loc_rwt_MortgageBankingAndInvestmentActivitiesMember_e41aef2a-9c44-43fe-963e-2c10c159ba29" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_d592a137-4633-448d-84bc-b7a9f1b41050" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueAxis"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_d592a137-4633-448d-84bc-b7a9f1b41050" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_011ef48e-c5c2-4a66-b577-cc6796044186" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueAxis_d592a137-4633-448d-84bc-b7a9f1b41050" xlink:to="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_011ef48e-c5c2-4a66-b577-cc6796044186" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_bbc26b7d-f01e-4d13-934a-fb48f1943e2f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_011ef48e-c5c2-4a66-b577-cc6796044186" xlink:to="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_bbc26b7d-f01e-4d13-934a-fb48f1943e2f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7cf3bda2-a8e4-48a2-9212-918344a6de3f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7cf3bda2-a8e4-48a2-9212-918344a6de3f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_27d41188-7536-432f-90d8-a32744fdda62" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_7cf3bda2-a8e4-48a2-9212-918344a6de3f" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_27d41188-7536-432f-90d8-a32744fdda62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansAtFairValueMember_afbfa379-197e-4b70-8c2e-b88a0cfe9df6" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansAtFairValueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_27d41188-7536-432f-90d8-a32744fdda62" xlink:to="loc_rwt_ResidentialLoansAtFairValueMember_afbfa379-197e-4b70-8c2e-b88a0cfe9df6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_345dd5cb-8324-41e6-a063-07bc7efc34bd" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeAxis"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_srt_RangeAxis_345dd5cb-8324-41e6-a063-07bc7efc34bd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_676e1c4a-5b46-4a3b-8f65-05c1b066b852" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_345dd5cb-8324-41e6-a063-07bc7efc34bd" xlink:to="loc_srt_RangeMember_676e1c4a-5b46-4a3b-8f65-05c1b066b852" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_aee220bf-5129-42e4-a174-e6220768e745" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_676e1c4a-5b46-4a3b-8f65-05c1b066b852" xlink:to="loc_srt_MinimumMember_aee220bf-5129-42e4-a174-e6220768e745" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_5655bcca-e48e-41d5-82f6-5b0ba1fd1600" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_676e1c4a-5b46-4a3b-8f65-05c1b066b852" xlink:to="loc_srt_MaximumMember_5655bcca-e48e-41d5-82f6-5b0ba1fd1600" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_LitigationCaseAxis_6b031597-0743-45b2-a511-510077b43a58" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_LitigationCaseAxis"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_srt_LitigationCaseAxis_6b031597-0743-45b2-a511-510077b43a58" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_LitigationCaseTypeDomain_5f93be6b-5f8a-4840-8f1b-d8822234e1bc" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_LitigationCaseTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_LitigationCaseAxis_6b031597-0743-45b2-a511-510077b43a58" xlink:to="loc_srt_LitigationCaseTypeDomain_5f93be6b-5f8a-4840-8f1b-d8822234e1bc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoanSellerDemandsMember_af79f4fd-e606-4dff-b3cc-cc702ba6d168" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoanSellerDemandsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_LitigationCaseTypeDomain_5f93be6b-5f8a-4840-8f1b-d8822234e1bc" xlink:to="loc_rwt_ResidentialLoanSellerDemandsMember_af79f4fd-e606-4dff-b3cc-cc702ba6d168" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LossContingenciesLineItems"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_2259532b-cb9d-4f0f-b1ce-6cc9e1a176fb" xlink:to="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LesseeNumberOfLeases_d939fda3-8114-4311-8a72-969d3a95162b" xlink:href="rwt-20210331.xsd#rwt_LesseeNumberOfLeases"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_LesseeNumberOfLeases_d939fda3-8114-4311-8a72-969d3a95162b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_d1dd1713-2e85-4c77-b7af-89518320e235" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_d1dd1713-2e85-4c77-b7af-89518320e235" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseCost_de34c512-7909-42ad-b9cb-c3d0dfe15144" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseCost"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_OperatingLeaseCost_de34c512-7909-42ad-b9cb-c3d0dfe15144" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiability_32d77f5c-449a-4351-9bde-7b6ce1a0b42c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseLiability"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_OperatingLeaseLiability_32d77f5c-449a-4351-9bde-7b6ce1a0b42c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList_56cf4074-8ced-40e7-a850-211b5cf1d6eb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList_56cf4074-8ced-40e7-a850-211b5cf1d6eb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_13bd10d7-8ff4-4775-9edb-39b2666e93e7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_13bd10d7-8ff4-4775-9edb-39b2666e93e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList_6d79fe63-1d76-4688-98a9-484b22fa7f43" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList_6d79fe63-1d76-4688-98a9-484b22fa7f43" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_f0bfc2e9-1769-4730-998f-1512f515bcd1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_f0bfc2e9-1769-4730-998f-1512f515bcd1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_c9a5404f-b3ed-4acb-978e-6b21b64eede9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_c9a5404f-b3ed-4acb-978e-6b21b64eede9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitment_0213b017-729c-4ff3-b05b-6ac8c34460fe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCommitment"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_OtherCommitment_0213b017-729c-4ff3-b05b-6ac8c34460fe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_eb0c49f4-63aa-4fa2-933c-785bd011e72d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLiabilities"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_DerivativeLiabilities_eb0c49f4-63aa-4fa2-933c-785bd011e72d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommitmentToFundPartnershipNumberOfPartnerships_d34c3927-7580-4e33-b71b-9d85323af668" xlink:href="rwt-20210331.xsd#rwt_CommitmentToFundPartnershipNumberOfPartnerships"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_CommitmentToFundPartnershipNumberOfPartnerships_d34c3927-7580-4e33-b71b-9d85323af668" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance_3f6f3613-5969-400f-b33a-4519bd4e8c52" xlink:href="rwt-20210331.xsd#rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance_3f6f3613-5969-400f-b33a-4519bd4e8c52" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_PotentialFuturePayments_6bb0bd4f-7417-4708-9d49-74b3f18d1b4c" xlink:href="rwt-20210331.xsd#rwt_PotentialFuturePayments"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_PotentialFuturePayments_6bb0bd4f-7417-4708-9d49-74b3f18d1b4c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FeeIncomeRiskSharingAgreement_51776fc4-bbed-4146-bc30-bf5035770a41" xlink:href="rwt-20210331.xsd#rwt_FeeIncomeRiskSharingAgreement"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_FeeIncomeRiskSharingAgreement_51776fc4-bbed-4146-bc30-bf5035770a41" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MarketValuationChangesInFairValueOfGuaranteeAsset_f95a8a63-6197-4b08-9ea4-7cc5cd75d60f" xlink:href="rwt-20210331.xsd#rwt_MarketValuationChangesInFairValueOfGuaranteeAsset"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_MarketValuationChangesInFairValueOfGuaranteeAsset_f95a8a63-6197-4b08-9ea4-7cc5cd75d60f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_76862c17-8955-4166-ba63-1e0353f73868" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized_76862c17-8955-4166-ba63-1e0353f73868" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableCreditScoreFICOWeightedAverage_cb6a7a74-9dcb-4ab0-a0a8-dda7d9b03347" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableCreditScoreFICOWeightedAverage"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_FinancingReceivableCreditScoreFICOWeightedAverage_cb6a7a74-9dcb-4ab0-a0a8-dda7d9b03347" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FinancingReceivableLoanToValueRatio_e8d7ad66-4ed7-49e9-8c1a-ee8e6615a090" xlink:href="rwt-20210331.xsd#rwt_FinancingReceivableLoanToValueRatio"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_FinancingReceivableLoanToValueRatio_e8d7ad66-4ed7-49e9-8c1a-ee8e6615a090" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue_e0b4fd7b-e760-4953-b45e-dc0fd12ed3e0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentPastDue"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue_e0b4fd7b-e760-4953-b45e-dc0fd12ed3e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure_3f9dc8b0-1169-4e81-9f74-e963910c28f8" xlink:href="rwt-20210331.xsd#rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure_3f9dc8b0-1169-4e81-9f74-e963910c28f8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GuarantyLiabilities_7ba48cde-163e-4130-abd9-f1686c26470b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GuarantyLiabilities"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_GuarantyLiabilities_7ba48cde-163e-4130-abd9-f1686c26470b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_GuaranteeObligationCreditReserve_eaa08d5c-159b-490f-8a83-be11bf909f6c" xlink:href="rwt-20210331.xsd#rwt_GuaranteeObligationCreditReserve"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_GuaranteeObligationCreditReserve_eaa08d5c-159b-490f-8a83-be11bf909f6c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SpecialPurposeEntitiesAssets_6f81ee52-50f0-4fe4-bc4e-4a2644be449c" xlink:href="rwt-20210331.xsd#rwt_SpecialPurposeEntitiesAssets"/>
    <link:presentationArc order="24" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_SpecialPurposeEntitiesAssets_6f81ee52-50f0-4fe4-bc4e-4a2644be449c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SpecialPurposeEntitiesLiabilities_5c55f3af-df72-4d21-96ec-6c2581308f70" xlink:href="rwt-20210331.xsd#rwt_SpecialPurposeEntitiesLiabilities"/>
    <link:presentationArc order="25" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_SpecialPurposeEntitiesLiabilities_5c55f3af-df72-4d21-96ec-6c2581308f70" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageLoanOnRealEstateRepurchaseReserve_07eac7e0-70d5-451a-9e16-c1b4f92534b1" xlink:href="rwt-20210331.xsd#rwt_MortgageLoanOnRealEstateRepurchaseReserve"/>
    <link:presentationArc order="26" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_MortgageLoanOnRealEstateRepurchaseReserve_07eac7e0-70d5-451a-9e16-c1b4f92534b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageLoansOnRealEstateRepurchaseRequests_dbbf1d50-b438-4fb7-88dc-0b02191671e6" xlink:href="rwt-20210331.xsd#rwt_MortgageLoansOnRealEstateRepurchaseRequests"/>
    <link:presentationArc order="27" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_MortgageLoansOnRealEstateRepurchaseRequests_dbbf1d50-b438-4fb7-88dc-0b02191671e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased_8f0e5f8b-f8b2-4c83-812c-892482208612" xlink:href="rwt-20210331.xsd#rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased"/>
    <link:presentationArc order="28" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased_8f0e5f8b-f8b2-4c83-812c-892482208612" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageLoansOnRealEstateRepurchaseProvision_1f17394d-6561-4ef7-bd82-66f2280192d6" xlink:href="rwt-20210331.xsd#rwt_MortgageLoansOnRealEstateRepurchaseProvision"/>
    <link:presentationArc order="29" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_rwt_MortgageLoansOnRealEstateRepurchaseProvision_1f17394d-6561-4ef7-bd82-66f2280192d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LitigationReserve_bd04dda5-e5c5-412b-bb26-f880c1cd2073" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LitigationReserve"/>
    <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_LitigationReserve_bd04dda5-e5c5-412b-bb26-f880c1cd2073" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingencyAccrualAtCarryingValue_6969fa19-3076-4643-8f3d-df6e293ddb3d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LossContingencyAccrualAtCarryingValue"/>
    <link:presentationArc order="31" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_775c5ac6-e52f-4824-91bb-d442d2b3a809" xlink:to="loc_us-gaap_LossContingencyAccrualAtCarryingValue_6969fa19-3076-4643-8f3d-df6e293ddb3d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#CommitmentsandContingenciesFutureLeaseCommitmentsDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_62a5ac12-e54b-4011-842a-e845fe08361b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_8799953c-09f2-4c7a-8612-289ebdc23aeb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_62a5ac12-e54b-4011-842a-e845fe08361b" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_8799953c-09f2-4c7a-8612-289ebdc23aeb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_84743e94-4fe0-4c24-b583-1ddaa702f6bd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_62a5ac12-e54b-4011-842a-e845fe08361b" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_84743e94-4fe0-4c24-b583-1ddaa702f6bd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_31bbae13-00f2-4578-9ecb-e9e95c5c5a4d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_62a5ac12-e54b-4011-842a-e845fe08361b" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_31bbae13-00f2-4578-9ecb-e9e95c5c5a4d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_dda92be9-ce9f-40ea-8cc5-2409b3c99be2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_62a5ac12-e54b-4011-842a-e845fe08361b" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_dda92be9-ce9f-40ea-8cc5-2409b3c99be2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_ce462093-514e-445f-9aee-1ad46c16d31b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_62a5ac12-e54b-4011-842a-e845fe08361b" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_ce462093-514e-445f-9aee-1ad46c16d31b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_1b86c8ba-9599-48fe-9c2e-456a72bdbdfc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_62a5ac12-e54b-4011-842a-e845fe08361b" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_1b86c8ba-9599-48fe-9c2e-456a72bdbdfc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_dcd679e0-c014-4cae-80a5-f9408b3937bf" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_62a5ac12-e54b-4011-842a-e845fe08361b" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_dcd679e0-c014-4cae-80a5-f9408b3937bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_a088724a-0572-4fa6-b297-3a0f63f85935" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_62a5ac12-e54b-4011-842a-e845fe08361b" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_a088724a-0572-4fa6-b297-3a0f63f85935" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiability_387e791c-6b54-487c-8aa4-01a460af8bbc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseLiability"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_62a5ac12-e54b-4011-842a-e845fe08361b" xlink:to="loc_us-gaap_OperatingLeaseLiability_387e791c-6b54-487c-8aa4-01a460af8bbc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails_1" xlink:type="simple" xlink:href="rwt-20210331.xsd#CommitmentsandContingenciesFutureLeaseCommitmentsDetails_1"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails_1" xlink:type="extended"/>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/Equity" xlink:type="simple" xlink:href="rwt-20210331.xsd#Equity"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/Equity" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_0d794e89-91b8-47ad-8d59-a73afd927208" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_0c7dd149-d1c6-49a7-a5b9-2822116b01a0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_0d794e89-91b8-47ad-8d59-a73afd927208" xlink:to="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_0c7dd149-d1c6-49a7-a5b9-2822116b01a0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/EquityTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_30f60848-0c4d-456f-92ca-4120d8a52bae" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_e4acc1a3-8433-4a1b-be73-e6c8316391b5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_30f60848-0c4d-456f-92ca-4120d8a52bae" xlink:to="loc_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_e4acc1a3-8433-4a1b-be73-e6c8316391b5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock_68c0b4b7-4c13-4166-b338-8c93d0ba5575" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_30f60848-0c4d-456f-92ca-4120d8a52bae" xlink:to="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock_68c0b4b7-4c13-4166-b338-8c93d0ba5575" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_8247e59a-879d-443b-b359-82fba782bab4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_30f60848-0c4d-456f-92ca-4120d8a52bae" xlink:to="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_8247e59a-879d-443b-b359-82fba782bab4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_4f0aab64-22f3-4da6-bbe0-3a92a159e40d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_affe6230-b9db-4fcb-b989-e204c463c3f1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_4f0aab64-22f3-4da6-bbe0-3a92a159e40d" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_affe6230-b9db-4fcb-b989-e204c463c3f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_8d8a0edf-60c5-4373-856f-019da336f9a6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_affe6230-b9db-4fcb-b989-e204c463c3f1" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_8d8a0edf-60c5-4373-856f-019da336f9a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_4c65a709-1f8c-462d-9d89-735835124c50" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_8d8a0edf-60c5-4373-856f-019da336f9a6" xlink:to="loc_us-gaap_EquityComponentDomain_4c65a709-1f8c-462d-9d89-735835124c50" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_c58fb2a2-4cfa-48a4-8a53-1d38e146f143" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_4c65a709-1f8c-462d-9d89-735835124c50" xlink:to="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_c58fb2a2-4cfa-48a4-8a53-1d38e146f143" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_de56a0b6-87c2-4550-98f9-6ce3739be1fb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_4c65a709-1f8c-462d-9d89-735835124c50" xlink:to="loc_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_de56a0b6-87c2-4550-98f9-6ce3739be1fb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_72d7f5e3-72ff-4368-b8bb-254c6e34997d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_affe6230-b9db-4fcb-b989-e204c463c3f1" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_72d7f5e3-72ff-4368-b8bb-254c6e34997d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_360a84c5-4771-4e90-9a22-9de7dd3c10f5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_72d7f5e3-72ff-4368-b8bb-254c6e34997d" xlink:to="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_360a84c5-4771-4e90-9a22-9de7dd3c10f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_2fdaf3ff-1fb9-4b80-8111-501ba793b0b9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquity"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_360a84c5-4771-4e90-9a22-9de7dd3c10f5" xlink:to="loc_us-gaap_StockholdersEquity_2fdaf3ff-1fb9-4b80-8111-501ba793b0b9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_854a71a8-4ba0-453b-8b69-7a92c79ce4e0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_360a84c5-4771-4e90-9a22-9de7dd3c10f5" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_854a71a8-4ba0-453b-8b69-7a92c79ce4e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_21336a58-9009-41ae-b6f7-13461fe407fb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_360a84c5-4771-4e90-9a22-9de7dd3c10f5" xlink:to="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_21336a58-9009-41ae-b6f7-13461fe407fb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_3b25e9cc-f135-4865-9b61-4a6111b38fb1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_360a84c5-4771-4e90-9a22-9de7dd3c10f5" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_3b25e9cc-f135-4865-9b61-4a6111b38fb1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_b57c0b43-bca5-42a6-a8ce-66c8fcf1a6bb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquity"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_360a84c5-4771-4e90-9a22-9de7dd3c10f5" xlink:to="loc_us-gaap_StockholdersEquity_b57c0b43-bca5-42a6-a8ce-66c8fcf1a6bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_fc3d5bf8-69ee-4c4f-b0cc-51dbb6811109" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_90254f05-ab07-4546-8b17-cff09336c138" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_fc3d5bf8-69ee-4c4f-b0cc-51dbb6811109" xlink:to="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_90254f05-ab07-4546-8b17-cff09336c138" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_4f58b74f-6854-46fd-86be-07ef8d44291d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_90254f05-ab07-4546-8b17-cff09336c138" xlink:to="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_4f58b74f-6854-46fd-86be-07ef8d44291d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_4a80a1ad-e669-48c8-a8db-b36e486045d4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_4f58b74f-6854-46fd-86be-07ef8d44291d" xlink:to="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_4a80a1ad-e669-48c8-a8db-b36e486045d4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_f9e9d390-d6cc-43da-b6c8-ab732aa8d73f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_4a80a1ad-e669-48c8-a8db-b36e486045d4" xlink:to="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_f9e9d390-d6cc-43da-b6c8-ab732aa8d73f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_6840c023-9059-4a7d-8de3-b1b1a59bcec7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_90254f05-ab07-4546-8b17-cff09336c138" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_6840c023-9059-4a7d-8de3-b1b1a59bcec7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_2c979ac2-8eac-4504-bac9-26c85ad94d06" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_6840c023-9059-4a7d-8de3-b1b1a59bcec7" xlink:to="loc_us-gaap_EquityComponentDomain_2c979ac2-8eac-4504-bac9-26c85ad94d06" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_c706ade6-7c2c-4d4d-b0e8-0bdee5e9dc75" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_2c979ac2-8eac-4504-bac9-26c85ad94d06" xlink:to="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_c706ade6-7c2c-4d4d-b0e8-0bdee5e9dc75" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_c9402663-8a02-4c0d-a596-b715d3713c36" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_2c979ac2-8eac-4504-bac9-26c85ad94d06" xlink:to="loc_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_c9402663-8a02-4c0d-a596-b715d3713c36" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_d4569009-e200-4a2e-8b05-01c302c64948" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_90254f05-ab07-4546-8b17-cff09336c138" xlink:to="loc_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_d4569009-e200-4a2e-8b05-01c302c64948" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnInvestments_945e0558-6fff-4e7b-b61a-0bfc35ce3850" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestments"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_d4569009-e200-4a2e-8b05-01c302c64948" xlink:to="loc_us-gaap_UnrealizedGainLossOnInvestments_945e0558-6fff-4e7b-b61a-0bfc35ce3850" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealizedInvestmentGainsLosses_1dfbb4ab-fe64-4f52-8707-d5b6b81aca3a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealizedInvestmentGainsLosses"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_d4569009-e200-4a2e-8b05-01c302c64948" xlink:to="loc_us-gaap_RealizedInvestmentGainsLosses_1dfbb4ab-fe64-4f52-8707-d5b6b81aca3a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_c19a8c43-8cef-4240-8224-69ae32a8258a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_d4569009-e200-4a2e-8b05-01c302c64948" xlink:to="loc_us-gaap_InterestExpense_c19a8c43-8cef-4240-8224-69ae32a8258a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_ad5c02c4-a4cf-494d-974f-32dc20a4de1f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_d4569009-e200-4a2e-8b05-01c302c64948" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_ad5c02c4-a4cf-494d-974f-32dc20a4de1f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_c2c11c01-7903-4e68-8d35-9c65d4754d15" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockholdersEquityNoteTable_68188165-07f0-47e5-80bb-80bde1a9668d" xlink:href="rwt-20210331.xsd#rwt_StockholdersEquityNoteTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_c2c11c01-7903-4e68-8d35-9c65d4754d15" xlink:to="loc_rwt_StockholdersEquityNoteTable_68188165-07f0-47e5-80bb-80bde1a9668d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_fdaec2db-961a-40fa-b461-414699fdeb9d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_StockholdersEquityNoteTable_68188165-07f0-47e5-80bb-80bde1a9668d" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_fdaec2db-961a-40fa-b461-414699fdeb9d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_2cfa7eb9-4fed-49b3-9044-98408d8c8b46" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_fdaec2db-961a-40fa-b461-414699fdeb9d" xlink:to="loc_us-gaap_EquityComponentDomain_2cfa7eb9-4fed-49b3-9044-98408d8c8b46" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_5342160c-768a-41cb-8df8-b4436a1a86b2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_2cfa7eb9-4fed-49b3-9044-98408d8c8b46" xlink:to="loc_us-gaap_CommonStockMember_5342160c-768a-41cb-8df8-b4436a1a86b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameAxis_71d5c426-63e8-468e-a7ec-8244bb811629" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PlanNameAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_StockholdersEquityNoteTable_68188165-07f0-47e5-80bb-80bde1a9668d" xlink:to="loc_us-gaap_PlanNameAxis_71d5c426-63e8-468e-a7ec-8244bb811629" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameDomain_680e07f4-ef72-4866-8f01-330e72d1d95e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PlanNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PlanNameAxis_71d5c426-63e8-468e-a7ec-8244bb811629" xlink:to="loc_us-gaap_PlanNameDomain_680e07f4-ef72-4866-8f01-330e72d1d95e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AtTheMarketOfferingsMember_a149469c-6c28-4bd2-82e1-cfd2d512743d" xlink:href="rwt-20210331.xsd#rwt_AtTheMarketOfferingsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PlanNameDomain_680e07f4-ef72-4866-8f01-330e72d1d95e" xlink:to="loc_rwt_AtTheMarketOfferingsMember_a149469c-6c28-4bd2-82e1-cfd2d512743d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_23f8fe77-7c69-4858-afbe-62b44077092c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_StockholdersEquityNoteTable_68188165-07f0-47e5-80bb-80bde1a9668d" xlink:to="loc_us-gaap_StatementClassOfStockAxis_23f8fe77-7c69-4858-afbe-62b44077092c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_6387bf96-781a-4d52-88ab-b1d9c6f826fc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_23f8fe77-7c69-4858-afbe-62b44077092c" xlink:to="loc_us-gaap_ClassOfStockDomain_6387bf96-781a-4d52-88ab-b1d9c6f826fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_55c8fc96-9cac-4662-8604-e39127feaf9a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_6387bf96-781a-4d52-88ab-b1d9c6f826fc" xlink:to="loc_us-gaap_CommonStockMember_55c8fc96-9cac-4662-8604-e39127feaf9a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_f5f72df5-86f1-463c-ab20-93105e0a3bef" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_StockholdersEquityNoteTable_68188165-07f0-47e5-80bb-80bde1a9668d" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_f5f72df5-86f1-463c-ab20-93105e0a3bef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesNameDomain_28e5bd5e-58a3-4726-b509-b6fbea0d2ed1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AntidilutiveSecuritiesNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_f5f72df5-86f1-463c-ab20-93105e0a3bef" xlink:to="loc_us-gaap_AntidilutiveSecuritiesNameDomain_28e5bd5e-58a3-4726-b509-b6fbea0d2ed1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtSecuritiesMember_f227ff7a-d5a3-48a2-a4ee-fce1030b7b9a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConvertibleDebtSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesNameDomain_28e5bd5e-58a3-4726-b509-b6fbea0d2ed1" xlink:to="loc_us-gaap_ConvertibleDebtSecuritiesMember_f227ff7a-d5a3-48a2-a4ee-fce1030b7b9a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockCompensationPlanMember_e8b59716-deb5-4404-89a5-21763a70e168" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockCompensationPlanMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesNameDomain_28e5bd5e-58a3-4726-b509-b6fbea0d2ed1" xlink:to="loc_us-gaap_StockCompensationPlanMember_e8b59716-deb5-4404-89a5-21763a70e168" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareRepurchaseProgramAxis_b3dbc680-b7b4-47f3-b1b5-c86d6fe3526d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareRepurchaseProgramAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_StockholdersEquityNoteTable_68188165-07f0-47e5-80bb-80bde1a9668d" xlink:to="loc_us-gaap_ShareRepurchaseProgramAxis_b3dbc680-b7b4-47f3-b1b5-c86d6fe3526d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareRepurchaseProgramDomain_b14de5bf-9965-4787-ac84-6d4713bee316" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareRepurchaseProgramDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareRepurchaseProgramAxis_b3dbc680-b7b4-47f3-b1b5-c86d6fe3526d" xlink:to="loc_us-gaap_ShareRepurchaseProgramDomain_b14de5bf-9965-4787-ac84-6d4713bee316" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ShareRepurchaseProgramFebruary2018Member_7f4029d6-b0e2-4b62-9c36-622e8538df28" xlink:href="rwt-20210331.xsd#rwt_ShareRepurchaseProgramFebruary2018Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareRepurchaseProgramDomain_b14de5bf-9965-4787-ac84-6d4713bee316" xlink:to="loc_rwt_ShareRepurchaseProgramFebruary2018Member_7f4029d6-b0e2-4b62-9c36-622e8538df28" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:href="rwt-20210331.xsd#rwt_StockholdersEquityNoteLineItems"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_StockholdersEquityNoteTable_68188165-07f0-47e5-80bb-80bde1a9668d" xlink:to="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockIssuanceProgramAuthorizedAmount_aa16a3f4-d6bc-4528-92b3-f3766ce89871" xlink:href="rwt-20210331.xsd#rwt_StockIssuanceProgramAuthorizedAmount"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:to="loc_rwt_StockIssuanceProgramAuthorizedAmount_aa16a3f4-d6bc-4528-92b3-f3766ce89871" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount_1c973319-e0cb-4e7e-9791-63696fa46a28" xlink:href="rwt-20210331.xsd#rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:to="loc_rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount_1c973319-e0cb-4e7e-9791-63696fa46a28" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_2a883aae-3dcd-440b-a15c-85074c01a669" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_2a883aae-3dcd-440b-a15c-85074c01a669" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan_89741716-9d5f-40a3-9001-40f6407e811e" xlink:href="rwt-20210331.xsd#rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:to="loc_rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan_89741716-9d5f-40a3-9001-40f6407e811e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_ba8849bf-56fc-45ec-b208-371831ff1410" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_ba8849bf-56fc-45ec-b208-371831ff1410" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchaseProgramAuthorizedAmount1_81c91106-0df0-4ed1-be06-d0cf4742cb4a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockRepurchaseProgramAuthorizedAmount1"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:to="loc_us-gaap_StockRepurchaseProgramAuthorizedAmount1_81c91106-0df0-4ed1-be06-d0cf4742cb4a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchasedDuringPeriodShares_6e82e536-f113-4d62-9179-e1313265cec8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodShares"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:to="loc_us-gaap_StockRepurchasedDuringPeriodShares_6e82e536-f113-4d62-9179-e1313265cec8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1_5223523b-2ba4-4683-9d46-b437be9444b1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_StockholdersEquityNoteLineItems_2a948e42-b676-428b-942c-f1be70452072" xlink:to="loc_us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1_5223523b-2ba4-4683-9d46-b437be9444b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityBasicandDilutedEarningsPerCommonShareDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_b01b0c31-6fa5-4441-84a7-e8443eeba133" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasicAbstract_62cbab33-8115-4c73-bb5d-b2e6c6d91938" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_b01b0c31-6fa5-4441-84a7-e8443eeba133" xlink:to="loc_us-gaap_EarningsPerShareBasicAbstract_62cbab33-8115-4c73-bb5d-b2e6c6d91938" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_2bf71ad3-da74-4289-9723-34e154bbbf41" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_62cbab33-8115-4c73-bb5d-b2e6c6d91938" xlink:to="loc_us-gaap_NetIncomeLoss_2bf71ad3-da74-4289-9723-34e154bbbf41" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic_8b414b17-fab1-48f3-afb8-2b36a012cbeb" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_62cbab33-8115-4c73-bb5d-b2e6c6d91938" xlink:to="loc_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic_8b414b17-fab1-48f3-afb8-2b36a012cbeb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_f698973b-ab86-48ac-8e87-2ec8d2f71a84" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_62cbab33-8115-4c73-bb5d-b2e6c6d91938" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_f698973b-ab86-48ac-8e87-2ec8d2f71a84" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_a271260c-86ac-4169-bf3e-bcb430a2a181" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_62cbab33-8115-4c73-bb5d-b2e6c6d91938" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_a271260c-86ac-4169-bf3e-bcb430a2a181" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_fad31b91-18b9-4dac-9444-9b02c143594c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_62cbab33-8115-4c73-bb5d-b2e6c6d91938" xlink:to="loc_us-gaap_EarningsPerShareBasic_fad31b91-18b9-4dac-9444-9b02c143594c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDilutedAbstract_ae097c00-65ea-4218-9b32-407da727af37" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_b01b0c31-6fa5-4441-84a7-e8443eeba133" xlink:to="loc_us-gaap_EarningsPerShareDilutedAbstract_ae097c00-65ea-4218-9b32-407da727af37" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_73551d3f-82b4-4d13-bde4-75b9a5524bc5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_ae097c00-65ea-4218-9b32-407da727af37" xlink:to="loc_us-gaap_NetIncomeLoss_73551d3f-82b4-4d13-bde4-75b9a5524bc5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted_6147c581-100c-4981-9c59-416463d7f516" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_ae097c00-65ea-4218-9b32-407da727af37" xlink:to="loc_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted_6147c581-100c-4981-9c59-416463d7f516" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax_05db693e-09c2-4e4b-8da0-9440a6b1a992" xlink:href="rwt-20210331.xsd#rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_ae097c00-65ea-4218-9b32-407da727af37" xlink:to="loc_rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax_05db693e-09c2-4e4b-8da0-9440a6b1a992" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_62cdeede-cdf4-4210-a2fa-1850846c2322" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_ae097c00-65ea-4218-9b32-407da727af37" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_62cdeede-cdf4-4210-a2fa-1850846c2322" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_c56eafd4-4803-466b-91a4-1ba1e2390f19" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_ae097c00-65ea-4218-9b32-407da727af37" xlink:to="loc_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_c56eafd4-4803-466b-91a4-1ba1e2390f19" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_10794a9f-694a-4b7b-a354-b2861cb9a551" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_ae097c00-65ea-4218-9b32-407da727af37" xlink:to="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_10794a9f-694a-4b7b-a354-b2861cb9a551" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities_5d6a90e9-8de2-4bc1-aefb-6438f4eb9dac" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_ae097c00-65ea-4218-9b32-407da727af37" xlink:to="loc_us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities_5d6a90e9-8de2-4bc1-aefb-6438f4eb9dac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_25a45395-225d-443d-bf3d-121f26079476" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_ae097c00-65ea-4218-9b32-407da727af37" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_25a45395-225d-443d-bf3d-121f26079476" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_e91bffd2-7b1e-44ca-9159-a0b354c26070" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_ae097c00-65ea-4218-9b32-407da727af37" xlink:to="loc_us-gaap_EarningsPerShareDiluted_e91bffd2-7b1e-44ca-9159-a0b354c26070" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityCompensationPlans" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityCompensationPlans"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/EquityCompensationPlans" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_cb319bca-42ec-4a52-90d5-0df878a1512e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_f88f712f-57b2-4ba7-80fc-946164cae9b3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_cb319bca-42ec-4a52-90d5-0df878a1512e" xlink:to="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_f88f712f-57b2-4ba7-80fc-946164cae9b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityCompensationPlansTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityCompensationPlansTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/EquityCompensationPlansTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_70ca3044-d369-4290-a7ba-228a1c3e2c44" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock_be377ef6-db5c-4415-85ba-6508e9d971b2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_70ca3044-d369-4290-a7ba-228a1c3e2c44" xlink:to="loc_us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock_be377ef6-db5c-4415-85ba-6508e9d971b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityCompensationPlansAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_b204f705-eb08-4c39-a17e-46e75e308a36" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_871f051a-e0c9-49d9-b0b0-7d0ee6965012" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_b204f705-eb08-4c39-a17e-46e75e308a36" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_871f051a-e0c9-49d9-b0b0-7d0ee6965012" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameAxis_4ae1a941-f6c7-410f-9857-ac2582f7e3ee" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PlanNameAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_871f051a-e0c9-49d9-b0b0-7d0ee6965012" xlink:to="loc_us-gaap_PlanNameAxis_4ae1a941-f6c7-410f-9857-ac2582f7e3ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameDomain_17e186e8-dae5-4978-b16a-fa270da763b9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PlanNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PlanNameAxis_4ae1a941-f6c7-410f-9857-ac2582f7e3ee" xlink:to="loc_us-gaap_PlanNameDomain_17e186e8-dae5-4978-b16a-fa270da763b9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RedwoodIncentivePlanMember_ec578f54-76d4-42ea-abe9-4fe4b07d5264" xlink:href="rwt-20210331.xsd#rwt_RedwoodIncentivePlanMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PlanNameDomain_17e186e8-dae5-4978-b16a-fa270da763b9" xlink:to="loc_rwt_RedwoodIncentivePlanMember_ec578f54-76d4-42ea-abe9-4fe4b07d5264" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis_5ffd1504-7f5d-4811-a754-53a591b1ab4d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AwardTypeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_871f051a-e0c9-49d9-b0b0-7d0ee6965012" xlink:to="loc_us-gaap_AwardTypeAxis_5ffd1504-7f5d-4811-a754-53a591b1ab4d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_4df7a39b-f2a2-4823-9795-10f99f532c73" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AwardTypeAxis_5ffd1504-7f5d-4811-a754-53a591b1ab4d" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_4df7a39b-f2a2-4823-9795-10f99f532c73" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedStockMember_2b83385f-b876-4d43-ac49-701c45987c7f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_4df7a39b-f2a2-4823-9795-10f99f532c73" xlink:to="loc_us-gaap_RestrictedStockMember_2b83385f-b876-4d43-ac49-701c45987c7f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedStockUnitsRSUMember_d9e6d4d5-542a-4aa8-ae0f-31ea692e8f6b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedStockUnitsRSUMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_4df7a39b-f2a2-4823-9795-10f99f532c73" xlink:to="loc_us-gaap_RestrictedStockUnitsRSUMember_d9e6d4d5-542a-4aa8-ae0f-31ea692e8f6b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DeferredStockUnitsMember_90d55c8c-a3c9-43b8-a007-a308566f7fca" xlink:href="rwt-20210331.xsd#rwt_DeferredStockUnitsMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_4df7a39b-f2a2-4823-9795-10f99f532c73" xlink:to="loc_rwt_DeferredStockUnitsMember_90d55c8c-a3c9-43b8-a007-a308566f7fca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PerformanceSharesMember_9d128230-ab73-4b67-bd96-cbd0841f166f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PerformanceSharesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_4df7a39b-f2a2-4823-9795-10f99f532c73" xlink:to="loc_us-gaap_PerformanceSharesMember_9d128230-ab73-4b67-bd96-cbd0841f166f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_871f051a-e0c9-49d9-b0b0-7d0ee6965012" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_1f8b7b92-8585-4a68-b910-e698d053e986" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_1f8b7b92-8585-4a68-b910-e698d053e986" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_f5adb1e3-3354-4d8a-9056-dd351a45316c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_f5adb1e3-3354-4d8a-9056-dd351a45316c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_446863fe-56d8-4b74-9e52-31e975e2871f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_446863fe-56d8-4b74-9e52-31e975e2871f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_e4ff1997-b550-4f9b-897a-68db62f06eed" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_e4ff1997-b550-4f9b-897a-68db62f06eed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_00914b3a-9845-4bfb-8050-b784a825e372" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_00914b3a-9845-4bfb-8050-b784a825e372" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_8d19923c-ccae-460e-affe-8a15fde6492b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_8d19923c-ccae-460e-affe-8a15fde6492b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_bcb1c752-481d-4fee-9855-5a3bcb69a0a5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_bcb1c752-481d-4fee-9855-5a3bcb69a0a5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod_e0f8c4ac-61c2-41d7-be71-bff98d299023" xlink:href="rwt-20210331.xsd#rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod_e0f8c4ac-61c2-41d7-be71-bff98d299023" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_a3ded878-70ba-448c-9608-518ee2442538" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_a3ded878-70ba-448c-9608-518ee2442538" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized_a7777c3c-4f97-49ab-bf57-d849d98e24ae" xlink:href="rwt-20210331.xsd#rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized_a7777c3c-4f97-49ab-bf57-d849d98e24ae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee_61c8fda1-5dab-4984-80c2-3b69f2d55c40" xlink:href="rwt-20210331.xsd#rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_536158c1-2e98-47a5-a9ef-ed470e74c8e2" xlink:to="loc_rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee_61c8fda1-5dab-4984-80c2-3b69f2d55c40" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#EquityCompensationPlansUnrecognizedCompensationCostDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_da536643-101a-4f15-a798-d36842f32cb0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_5b72d1e9-3771-45a0-9cab-2870b296d2c2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_da536643-101a-4f15-a798-d36842f32cb0" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_5b72d1e9-3771-45a0-9cab-2870b296d2c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameAxis_9051e198-6d8c-4293-9dd7-8656518deec6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PlanNameAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_5b72d1e9-3771-45a0-9cab-2870b296d2c2" xlink:to="loc_us-gaap_PlanNameAxis_9051e198-6d8c-4293-9dd7-8656518deec6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameDomain_be3681c3-c06d-49a5-9fc3-1e608e47f121" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PlanNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PlanNameAxis_9051e198-6d8c-4293-9dd7-8656518deec6" xlink:to="loc_us-gaap_PlanNameDomain_be3681c3-c06d-49a5-9fc3-1e608e47f121" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_RedwoodIncentivePlanMember_7c378fea-914c-4696-8617-02a3f1ae2165" xlink:href="rwt-20210331.xsd#rwt_RedwoodIncentivePlanMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PlanNameDomain_be3681c3-c06d-49a5-9fc3-1e608e47f121" xlink:to="loc_rwt_RedwoodIncentivePlanMember_7c378fea-914c-4696-8617-02a3f1ae2165" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_EmployeeStockPurchasePlanMember_7c09aea7-854f-4c4f-baf3-44dae4f0d20b" xlink:href="rwt-20210331.xsd#rwt_EmployeeStockPurchasePlanMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PlanNameDomain_be3681c3-c06d-49a5-9fc3-1e608e47f121" xlink:to="loc_rwt_EmployeeStockPurchasePlanMember_7c09aea7-854f-4c4f-baf3-44dae4f0d20b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis_2e79b52f-aad4-4687-8fb6-01f0e14d5e00" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AwardTypeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_5b72d1e9-3771-45a0-9cab-2870b296d2c2" xlink:to="loc_us-gaap_AwardTypeAxis_2e79b52f-aad4-4687-8fb6-01f0e14d5e00" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_dc2a4289-07bd-446c-aa93-f0e12523d9c9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AwardTypeAxis_2e79b52f-aad4-4687-8fb6-01f0e14d5e00" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_dc2a4289-07bd-446c-aa93-f0e12523d9c9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedStockMember_2b2b2325-6607-43f9-81a3-ef9a1266a98e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_dc2a4289-07bd-446c-aa93-f0e12523d9c9" xlink:to="loc_us-gaap_RestrictedStockMember_2b2b2325-6607-43f9-81a3-ef9a1266a98e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedStockUnitsRSUMember_fb1fccfc-5213-432e-a022-878ecd8e0744" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedStockUnitsRSUMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_dc2a4289-07bd-446c-aa93-f0e12523d9c9" xlink:to="loc_us-gaap_RestrictedStockUnitsRSUMember_fb1fccfc-5213-432e-a022-878ecd8e0744" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_DeferredStockUnitsMember_382e52c9-c613-4c94-851a-92b7f09e1d11" xlink:href="rwt-20210331.xsd#rwt_DeferredStockUnitsMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_dc2a4289-07bd-446c-aa93-f0e12523d9c9" xlink:to="loc_rwt_DeferredStockUnitsMember_382e52c9-c613-4c94-851a-92b7f09e1d11" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PerformanceSharesMember_49d6133d-941b-45c0-af37-2f561f8c17e0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PerformanceSharesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_dc2a4289-07bd-446c-aa93-f0e12523d9c9" xlink:to="loc_us-gaap_PerformanceSharesMember_49d6133d-941b-45c0-af37-2f561f8c17e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_c4013fc1-649f-4eb7-8c40-8e108010ff3b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_5b72d1e9-3771-45a0-9cab-2870b296d2c2" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_c4013fc1-649f-4eb7-8c40-8e108010ff3b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward_8965e0ad-933e-4a75-bd1a-499e319a3876" xlink:href="rwt-20210331.xsd#rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_c4013fc1-649f-4eb7-8c40-8e108010ff3b" xlink:to="loc_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward_8965e0ad-933e-4a75-bd1a-499e319a3876" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_ee40b2b8-de81-4bd2-b354-083d1ff59c8d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward_8965e0ad-933e-4a75-bd1a-499e319a3876" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_ee40b2b8-de81-4bd2-b354-083d1ff59c8d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount_2d029a31-9f58-4884-8641-cf6b18e64f2e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward_8965e0ad-933e-4a75-bd1a-499e319a3876" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount_2d029a31-9f58-4884-8641-cf6b18e64f2e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures_da3d93fd-eb40-49cc-8d69-14958a3584e8" xlink:href="rwt-20210331.xsd#rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward_8965e0ad-933e-4a75-bd1a-499e319a3876" xlink:to="loc_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures_da3d93fd-eb40-49cc-8d69-14958a3584e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring_b80d6307-b2b2-45a2-95f0-e25fe1673a46" xlink:href="rwt-20210331.xsd#rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward_8965e0ad-933e-4a75-bd1a-499e319a3876" xlink:to="loc_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring_b80d6307-b2b2-45a2-95f0-e25fe1673a46" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_d223219c-99e4-42f3-a28b-a330a098ea43" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward_8965e0ad-933e-4a75-bd1a-499e319a3876" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_d223219c-99e4-42f3-a28b-a330a098ea43" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNet" xlink:type="simple" xlink:href="rwt-20210331.xsd#MortgageBankingActivitiesNet"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNet" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgageBankingAbstract_4e7f4659-ef5b-4b0c-93ef-2685cef096a5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MortgageBankingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock_3ff8b592-5b91-4132-8236-66b6cb0c9573" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MortgageBankingAbstract_4e7f4659-ef5b-4b0c-93ef-2685cef096a5" xlink:to="loc_rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock_3ff8b592-5b91-4132-8236-66b6cb0c9573" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#MortgageBankingActivitiesNetTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgageBankingAbstract_1f7fcc7b-4054-4ff7-a21e-6fbf0b8a1b96" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MortgageBankingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock_b4f1391c-3c89-41de-b868-6cb924a35bdc" xlink:href="rwt-20210331.xsd#rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MortgageBankingAbstract_1f7fcc7b-4054-4ff7-a21e-6fbf0b8a1b96" xlink:to="loc_rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock_b4f1391c-3c89-41de-b868-6cb924a35bdc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgageBankingAbstract_c9fabdcb-f3cd-4030-84bd-1c9c7e2f6132" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MortgageBankingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateScheduleTable_d4bfafe1-d1da-40bf-924f-770455e46042" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MortgageBankingAbstract_c9fabdcb-f3cd-4030-84bd-1c9c7e2f6132" xlink:to="loc_srt_MortgageLoansOnRealEstateScheduleTable_d4bfafe1-d1da-40bf-924f-770455e46042" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_a66bd33a-ab93-46cf-9d17-0c351f1f78e8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_d4bfafe1-d1da-40bf-924f-770455e46042" xlink:to="loc_us-gaap_InvestmentTypeAxis_a66bd33a-ab93-46cf-9d17-0c351f1f78e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_d13b674f-63d5-4a3c-b283-07a58382eaf2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_a66bd33a-ab93-46cf-9d17-0c351f1f78e8" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_d13b674f-63d5-4a3c-b283-07a58382eaf2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialMortgageBankingActivitiesMember_86194d19-1d92-4566-bbef-10aaf58bcb49" xlink:href="rwt-20210331.xsd#rwt_ResidentialMortgageBankingActivitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_d13b674f-63d5-4a3c-b283-07a58382eaf2" xlink:to="loc_rwt_ResidentialMortgageBankingActivitiesMember_86194d19-1d92-4566-bbef-10aaf58bcb49" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeMortgageBankingActivitiesMember_2a695391-c094-4157-a8a8-48ceeec3b62e" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeMortgageBankingActivitiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_d13b674f-63d5-4a3c-b283-07a58382eaf2" xlink:to="loc_rwt_BusinessPurposeMortgageBankingActivitiesMember_2a695391-c094-4157-a8a8-48ceeec3b62e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_127478f8-9f88-493c-9641-3c5c59e28291" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_d4bfafe1-d1da-40bf-924f-770455e46042" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_127478f8-9f88-493c-9641-3c5c59e28291" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b4ee8e26-8ebf-4850-b25e-82fab9e010cc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_127478f8-9f88-493c-9641-3c5c59e28291" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b4ee8e26-8ebf-4850-b25e-82fab9e010cc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLoansAtFairValueMember_11aed49c-a275-46c1-b1ec-4f359e4554a6" xlink:href="rwt-20210331.xsd#rwt_ResidentialLoansAtFairValueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b4ee8e26-8ebf-4850-b25e-82fab9e010cc" xlink:to="loc_rwt_ResidentialLoansAtFairValueMember_11aed49c-a275-46c1-b1ec-4f359e4554a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TradingSecuritiesMember_f9f90904-7b92-4ab0-90e3-39ac4e578bcc" xlink:href="rwt-20210331.xsd#rwt_TradingSecuritiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b4ee8e26-8ebf-4850-b25e-82fab9e010cc" xlink:to="loc_rwt_TradingSecuritiesMember_f9f90904-7b92-4ab0-90e3-39ac4e578bcc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PriceRiskDerivativeMember_7895d66b-9415-4596-ad29-6f8c4bd8654c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PriceRiskDerivativeMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b4ee8e26-8ebf-4850-b25e-82fab9e010cc" xlink:to="loc_us-gaap_PriceRiskDerivativeMember_7895d66b-9415-4596-ad29-6f8c4bd8654c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember_d2a53380-c48e-45a6-a21e-c9710308de6d" xlink:href="rwt-20210331.xsd#rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_b4ee8e26-8ebf-4850-b25e-82fab9e010cc" xlink:to="loc_rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember_d2a53380-c48e-45a6-a21e-c9710308de6d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateLineItems_b5830084-a2ae-49ae-9283-616f610b1811" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateScheduleTable_d4bfafe1-d1da-40bf-924f-770455e46042" xlink:to="loc_srt_MortgageLoansOnRealEstateLineItems_b5830084-a2ae-49ae-9283-616f610b1811" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_b773c0d5-4ba3-463a-bf2e-810ca54088e9" xlink:href="rwt-20210331.xsd#rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_b5830084-a2ae-49ae-9283-616f610b1811" xlink:to="loc_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets_b773c0d5-4ba3-463a-bf2e-810ca54088e9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1_5594830f-f08a-4c31-8a78-579230224365" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_b5830084-a2ae-49ae-9283-616f610b1811" xlink:to="loc_us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1_5594830f-f08a-4c31-8a78-579230224365" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncome_5d43540d-7bc5-4928-8f6b-e7aea8ea986d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncome"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_b5830084-a2ae-49ae-9283-616f610b1811" xlink:to="loc_us-gaap_OtherIncome_5d43540d-7bc5-4928-8f6b-e7aea8ea986d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingActivitiesNet_d2239124-525f-4a07-aa62-fa81683ca66b" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingActivitiesNet"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateLineItems_b5830084-a2ae-49ae-9283-616f610b1811" xlink:to="loc_rwt_MortgageBankingActivitiesNet_d2239124-525f-4a07-aa62-fa81683ca66b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherIncome" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherIncome"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/OtherIncome" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncomeAndExpensesAbstract_46be8acf-fcd3-4ad7-a18e-66b621b30df9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndOtherIncomeTextBlock_d305fb9a-51a3-426f-9198-f9b5cdbb3d20" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndOtherIncomeTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_46be8acf-fcd3-4ad7-a18e-66b621b30df9" xlink:to="loc_us-gaap_InterestAndOtherIncomeTextBlock_d305fb9a-51a3-426f-9198-f9b5cdbb3d20" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherIncomeTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherIncomeTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/OtherIncomeTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncomeAndExpensesAbstract_a1a0cb3c-bee2-492d-9aa1-5bcfa0954545" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndOtherIncomeTableTextBlock_24e13f27-32c2-4616-a29b-2f7ef625438a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndOtherIncomeTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_a1a0cb3c-bee2-492d-9aa1-5bcfa0954545" xlink:to="loc_us-gaap_InterestAndOtherIncomeTableTextBlock_24e13f27-32c2-4616-a29b-2f7ef625438a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/OtherIncomeDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#OtherIncomeDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/OtherIncomeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncomeAndExpensesAbstract_3b2d8e3a-a1eb-46c3-a66e-8d0b94659e2f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageServicingRightsIncomeLossNet_87c75c9a-bb50-43b7-b6e4-4cdb83bffbe5" xlink:href="rwt-20210331.xsd#rwt_MortgageServicingRightsIncomeLossNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_3b2d8e3a-a1eb-46c3-a66e-8d0b94659e2f" xlink:to="loc_rwt_MortgageServicingRightsIncomeLossNet_87c75c9a-bb50-43b7-b6e4-4cdb83bffbe5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FeeIncomeRiskSharingAgreement_b6714893-ae62-44c6-b132-62ba2624af81" xlink:href="rwt-20210331.xsd#rwt_FeeIncomeRiskSharingAgreement"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_3b2d8e3a-a1eb-46c3-a66e-8d0b94659e2f" xlink:to="loc_rwt_FeeIncomeRiskSharingAgreement_b6714893-ae62-44c6-b132-62ba2624af81" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FHLBCCapitalStockDividend_1381857e-2cb0-490b-903c-c2e5b083d315" xlink:href="rwt-20210331.xsd#rwt_FHLBCCapitalStockDividend"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_3b2d8e3a-a1eb-46c3-a66e-8d0b94659e2f" xlink:to="loc_rwt_FHLBCCapitalStockDividend_1381857e-2cb0-490b-903c-c2e5b083d315" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_701393f1-8b13-4fb5-bd73-0a41cfb69ece" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_3b2d8e3a-a1eb-46c3-a66e-8d0b94659e2f" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_701393f1-8b13-4fb5-bd73-0a41cfb69ece" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndFeeIncomeLoansAndLeases_8a849d4b-ce85-49c1-ba4c-7ae0c33817a1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansAndLeases"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_3b2d8e3a-a1eb-46c3-a66e-8d0b94659e2f" xlink:to="loc_us-gaap_InterestAndFeeIncomeLoansAndLeases_8a849d4b-ce85-49c1-ba4c-7ae0c33817a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_7f010483-eeda-4d3d-a172-aee92dededa4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_3b2d8e3a-a1eb-46c3-a66e-8d0b94659e2f" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_7f010483-eeda-4d3d-a172-aee92dededa4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncome_852d1656-7820-4528-bfe3-10192be2ab56" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncome"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_3b2d8e3a-a1eb-46c3-a66e-8d0b94659e2f" xlink:to="loc_us-gaap_OtherIncome_852d1656-7820-4528-bfe3-10192be2ab56" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpenses" xlink:type="simple" xlink:href="rwt-20210331.xsd#GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpenses"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpenses" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncomeAndExpensesAbstract_7339ab1a-8337-4f91-9180-f2116cd11cc8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock_b11efd45-a608-4961-a449-fbc2bf55b2c7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_7339ab1a-8337-4f91-9180-f2116cd11cc8" xlink:to="loc_us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock_b11efd45-a608-4961-a449-fbc2bf55b2c7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncomeAndExpensesAbstract_e6437ce9-1892-4c69-bd00-1303e14cadfc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock_681a2b3e-8edb-46a9-8895-c4290384f395" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_e6437ce9-1892-4c69-bd00-1303e14cadfc" xlink:to="loc_us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock_681a2b3e-8edb-46a9-8895-c4290384f395" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncomeAndExpensesAbstract_275614fc-8aa4-47a9-b50b-30c89765d5d0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_20d9a498-1bfb-4b14-94a2-69e216102ee9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_275614fc-8aa4-47a9-b50b-30c89765d5d0" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_20d9a498-1bfb-4b14-94a2-69e216102ee9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_5880244a-32d2-4d64-85cf-4656b43dac99" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_20d9a498-1bfb-4b14-94a2-69e216102ee9" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_5880244a-32d2-4d64-85cf-4656b43dac99" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_514130fe-33ae-4aa9-b6c3-7be05fdd453c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_5880244a-32d2-4d64-85cf-4656b43dac99" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_514130fe-33ae-4aa9-b6c3-7be05fdd453c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CoreVestAmericanFinanceLenderLLCMember_b849cb99-167b-4324-8b42-7b0726fd2905" xlink:href="rwt-20210331.xsd#rwt_CoreVestAmericanFinanceLenderLLCMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_514130fe-33ae-4aa9-b6c3-7be05fdd453c" xlink:to="loc_rwt_CoreVestAmericanFinanceLenderLLCMember_b849cb99-167b-4324-8b42-7b0726fd2905" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis_33997cbf-5632-4a06-9c4a-def72ee4ee2b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_20d9a498-1bfb-4b14-94a2-69e216102ee9" xlink:to="loc_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis_33997cbf-5632-4a06-9c4a-def72ee4ee2b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain_3bf01f9a-ac26-4547-b599-7b47e986dfc4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis_33997cbf-5632-4a06-9c4a-def72ee4ee2b" xlink:to="loc_us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain_3bf01f9a-ac26-4547-b599-7b47e986dfc4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SettlementInCommonStockMember_1b16cd6b-1dd5-4f5e-90fd-cb20ff523882" xlink:href="rwt-20210331.xsd#rwt_SettlementInCommonStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain_3bf01f9a-ac26-4547-b599-7b47e986dfc4" xlink:to="loc_rwt_SettlementInCommonStockMember_1b16cd6b-1dd5-4f5e-90fd-cb20ff523882" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SettlementInCashMember_11347f1b-ddc8-4fe2-8419-32af1979bf64" xlink:href="rwt-20210331.xsd#rwt_SettlementInCashMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain_3bf01f9a-ac26-4547-b599-7b47e986dfc4" xlink:to="loc_rwt_SettlementInCashMember_11347f1b-ddc8-4fe2-8419-32af1979bf64" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_20d9a498-1bfb-4b14-94a2-69e216102ee9" xlink:to="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_FixedCompensationExpense_804c862f-93a8-41cf-b1ae-24673ad76529" xlink:href="rwt-20210331.xsd#rwt_FixedCompensationExpense"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_FixedCompensationExpense_804c862f-93a8-41cf-b1ae-24673ad76529" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_VariableCompensationExpense_3d331533-70fb-48f1-b128-5ffaaf36a773" xlink:href="rwt-20210331.xsd#rwt_VariableCompensationExpense"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_VariableCompensationExpense_3d331533-70fb-48f1-b128-5ffaaf36a773" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpense_6e875c36-6609-4bcb-82d0-ef2a4b6c5002" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_AllocatedShareBasedCompensationExpense_6e875c36-6609-4bcb-82d0-ef2a4b6c5002" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense_462fd894-186b-40f8-a381-b6513a53967c" xlink:href="rwt-20210331.xsd#rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense_462fd894-186b-40f8-a381-b6513a53967c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommunicationsAndInformationTechnology_ff1c6aae-fddc-4144-82ee-5bfe8b818441" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommunicationsAndInformationTechnology"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_CommunicationsAndInformationTechnology_ff1c6aae-fddc-4144-82ee-5bfe8b818441" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OfficeCosts_86628504-f510-43e2-9daf-41f9f508c4cf" xlink:href="rwt-20210331.xsd#rwt_OfficeCosts"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_OfficeCosts_86628504-f510-43e2-9daf-41f9f508c4cf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfessionalFees_9545a66b-11cc-4e1c-add5-9dbfea92a509" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProfessionalFees"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_ProfessionalFees_9545a66b-11cc-4e1c-add5-9dbfea92a509" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherGeneralExpense_b63b71f0-9f04-43e0-95c7-d87d6747e92f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherGeneralExpense"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_OtherGeneralExpense_b63b71f0-9f04-43e0-95c7-d87d6747e92f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherGeneralAndAdministrativeExpense_c564c97d-489c-40bb-910a-47d60b7d95e8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherGeneralAndAdministrativeExpense"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_OtherGeneralAndAdministrativeExpense_c564c97d-489c-40bb-910a-47d60b7d95e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_e056c045-1459-49fb-8aa8-9db344c43891" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_e056c045-1459-49fb-8aa8-9db344c43891" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_CommissionsOnLoanAcquisitions_b62493ec-8318-4f7f-ba5e-723ee4c7f682" xlink:href="rwt-20210331.xsd#rwt_CommissionsOnLoanAcquisitions"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_CommissionsOnLoanAcquisitions_b62493ec-8318-4f7f-ba5e-723ee4c7f682" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_UnderwritingCostsAssociatedWithLoanAcquisitions_cfc2d3bd-c356-4763-a5a1-0209e274a667" xlink:href="rwt-20210331.xsd#rwt_UnderwritingCostsAssociatedWithLoanAcquisitions"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_UnderwritingCostsAssociatedWithLoanAcquisitions_cfc2d3bd-c356-4763-a5a1-0209e274a667" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions_1acbc55d-0b99-46e6-b4e8-4dc23dcb5432" xlink:href="rwt-20210331.xsd#rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions_1acbc55d-0b99-46e6-b4e8-4dc23dcb5432" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanAcquisitionCosts_9ae38f09-335b-43fe-9506-b825a093f3c0" xlink:href="rwt-20210331.xsd#rwt_LoanAcquisitionCosts"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_LoanAcquisitionCosts_9ae38f09-335b-43fe-9506-b825a093f3c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillImpairmentLoss_d0e1ba01-d54b-4dce-a901-3238fac55591" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GoodwillImpairmentLoss"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_GoodwillImpairmentLoss_d0e1ba01-d54b-4dce-a901-3238fac55591" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_AmortizationofPurchaseRelatedIntangibleAssets_3bcf3bf0-7d41-4e97-90aa-35d2c309f07c" xlink:href="rwt-20210331.xsd#rwt_AmortizationofPurchaseRelatedIntangibleAssets"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_AmortizationofPurchaseRelatedIntangibleAssets_3bcf3bf0-7d41-4e97-90aa-35d2c309f07c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCostAndExpenseOperating_91ea089b-290c-43d2-9c8f-3b5322d4ed5e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherCostAndExpenseOperating"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_OtherCostAndExpenseOperating_91ea089b-290c-43d2-9c8f-3b5322d4ed5e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingCostsAndExpenses_a18d785c-6313-403d-bde6-974a2d235b25" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingCostsAndExpenses"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_OperatingCostsAndExpenses_a18d785c-6313-403d-bde6-974a2d235b25" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpenses_64ff7a18-980e-4767-916d-ed6a6de18a0e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingExpenses"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_OperatingExpenses_64ff7a18-980e-4767-916d-ed6a6de18a0e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued_c5764f01-0060-467c-9a6c-f360f0ea525b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued_c5764f01-0060-467c-9a6c-f360f0ea525b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable_ed21518c-a553-4de9-b413-b53a2fb508a7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable_ed21518c-a553-4de9-b413-b53a2fb508a7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessCombinationContingentConsiderationLiabilityTerm_545b16c6-9c50-412b-8ef8-e2fc8ef3a935" xlink:href="rwt-20210331.xsd#rwt_BusinessCombinationContingentConsiderationLiabilityTerm"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_78e295c4-519c-4dce-98b1-406a894a875a" xlink:to="loc_rwt_BusinessCombinationContingentConsiderationLiabilityTerm_545b16c6-9c50-412b-8ef8-e2fc8ef3a935" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/Taxes" xlink:type="simple" xlink:href="rwt-20210331.xsd#Taxes"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/Taxes" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_df4b3e4b-3db5-43c5-9e90-7631d12a5103" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureTextBlock_4335c294-9a8d-402b-9a38-bd16fe825f6e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_df4b3e4b-3db5-43c5-9e90-7631d12a5103" xlink:to="loc_us-gaap_IncomeTaxDisclosureTextBlock_4335c294-9a8d-402b-9a38-bd16fe825f6e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/TaxesTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#TaxesTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/TaxesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_91fea3f5-57a7-4ff4-b4af-439f8de0e162" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_a10b59c9-a9ce-43b6-bc6c-48f3be27509d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_91fea3f5-57a7-4ff4-b4af-439f8de0e162" xlink:to="loc_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_a10b59c9-a9ce-43b6-bc6c-48f3be27509d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/TaxesAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#TaxesAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/TaxesAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_f5e5fd75-db6d-46fa-bb07-93c9bc05989c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_f662f7bc-9246-46de-b094-edc5bdceb74e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_f5e5fd75-db6d-46fa-bb07-93c9bc05989c" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_f662f7bc-9246-46de-b094-edc5bdceb74e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_0a92e381-277b-4c7a-a286-7148d63ea912" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_f3bb997a-97de-4aed-a375-882d6d27c79f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_0a92e381-277b-4c7a-a286-7148d63ea912" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_f3bb997a-97de-4aed-a375-882d6d27c79f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_4528a83a-c9e7-40ee-86b8-5c3f613b0238" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_0a92e381-277b-4c7a-a286-7148d63ea912" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_4528a83a-c9e7-40ee-86b8-5c3f613b0238" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductions_b74b63da-e58d-461d-a946-1f7ef3c55e11" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationDeductions"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_0a92e381-277b-4c7a-a286-7148d63ea912" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductions_b74b63da-e58d-461d-a946-1f7ef3c55e11" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_4b5d0cbf-3d1c-49d8-8059-420c0c5a51da" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_0a92e381-277b-4c7a-a286-7148d63ea912" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_4b5d0cbf-3d1c-49d8-8059-420c0c5a51da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends_6bd37099-deea-4d1e-8406-d474524ef630" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_0a92e381-277b-4c7a-a286-7148d63ea912" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends_6bd37099-deea-4d1e-8406-d474524ef630" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c478b1bf-2f5a-4f06-8fdd-d5be35195a51" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_0a92e381-277b-4c7a-a286-7148d63ea912" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c478b1bf-2f5a-4f06-8fdd-d5be35195a51" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformation" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformation"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformation" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_ee1a58ae-01ba-476e-b923-090a51213c9c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingDisclosureTextBlock_b5853ca9-ab44-4c8d-94b1-6f3c72ec1fa3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_ee1a58ae-01ba-476e-b923-090a51213c9c" xlink:to="loc_us-gaap_SegmentReportingDisclosureTextBlock_b5853ca9-ab44-4c8d-94b1-6f3c72ec1fa3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformationTables" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformationTables"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformationTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_a63614e0-eee8-4c1c-a502-5787b88a8aa5" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_f22bee08-28d7-4291-b47a-af1839d23cc0" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_a63614e0-eee8-4c1c-a502-5787b88a8aa5" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_f22bee08-28d7-4291-b47a-af1839d23cc0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ScheduleOfCorporateAndOtherTableTextBlock_2e086bd8-ab2e-4073-8175-435c4631e9f0" xlink:href="rwt-20210331.xsd#rwt_ScheduleOfCorporateAndOtherTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_a63614e0-eee8-4c1c-a502-5787b88a8aa5" xlink:to="loc_rwt_ScheduleOfCorporateAndOtherTableTextBlock_2e086bd8-ab2e-4073-8175-435c4631e9f0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_SupplementalBalanceSheetTableTextBlock_2672e880-8caa-451f-bea8-2090c415e0e6" xlink:href="rwt-20210331.xsd#rwt_SupplementalBalanceSheetTableTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_a63614e0-eee8-4c1c-a502-5787b88a8aa5" xlink:to="loc_rwt_SupplementalBalanceSheetTableTextBlock_2672e880-8caa-451f-bea8-2090c415e0e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformationAdditionalInformationDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformationAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformationAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_12999b87-03f0-46de-bfca-7701cec3cba7" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfOperatingSegments_87f8a45f-adea-4e85-8e88-7ac2ea44fe9f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NumberOfOperatingSegments"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_12999b87-03f0-46de-bfca-7701cec3cba7" xlink:to="loc_us-gaap_NumberOfOperatingSegments_87f8a45f-adea-4e85-8e88-7ac2ea44fe9f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformationFinancialInformationbySegmentDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_e2d33ab2-6bbe-49b2-a701-ef244ec6a827" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_e7b5f9d8-75c1-4da8-adc1-e1cba7a4e024" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_e2d33ab2-6bbe-49b2-a701-ef244ec6a827" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_e7b5f9d8-75c1-4da8-adc1-e1cba7a4e024" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsAxis_2fc84bb1-11f4-48f3-80b0-484724b99195" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidationItemsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_e7b5f9d8-75c1-4da8-adc1-e1cba7a4e024" xlink:to="loc_srt_ConsolidationItemsAxis_2fc84bb1-11f4-48f3-80b0-484724b99195" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsDomain_c7ed5ec1-22fb-437f-9073-07213710447c" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidationItemsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidationItemsAxis_2fc84bb1-11f4-48f3-80b0-484724b99195" xlink:to="loc_srt_ConsolidationItemsDomain_c7ed5ec1-22fb-437f-9073-07213710447c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingSegmentsMember_6cba3f16-a40e-4b21-8b68-b87724855931" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingSegmentsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidationItemsDomain_c7ed5ec1-22fb-437f-9073-07213710447c" xlink:to="loc_us-gaap_OperatingSegmentsMember_6cba3f16-a40e-4b21-8b68-b87724855931" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CorporateNonSegmentMember_cea2e386-ce4b-4ae2-a7c0-52d56ffe3d01" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CorporateNonSegmentMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidationItemsDomain_c7ed5ec1-22fb-437f-9073-07213710447c" xlink:to="loc_us-gaap_CorporateNonSegmentMember_cea2e386-ce4b-4ae2-a7c0-52d56ffe3d01" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_9447973c-c30a-4564-b19f-17448c730643" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_e7b5f9d8-75c1-4da8-adc1-e1cba7a4e024" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_9447973c-c30a-4564-b19f-17448c730643" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_fd5d4fcb-33f0-4205-9015-4b637b7c8fc1" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_9447973c-c30a-4564-b19f-17448c730643" xlink:to="loc_us-gaap_SegmentDomain_fd5d4fcb-33f0-4205-9015-4b637b7c8fc1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLendingMember_83b55a25-7829-4eb7-ad92-2fc5c46d63a1" xlink:href="rwt-20210331.xsd#rwt_ResidentialLendingMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_fd5d4fcb-33f0-4205-9015-4b637b7c8fc1" xlink:to="loc_rwt_ResidentialLendingMember_83b55a25-7829-4eb7-ad92-2fc5c46d63a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeLendingMember_53183be5-33a2-40a5-9873-2f245fbb44f9" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeLendingMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_fd5d4fcb-33f0-4205-9015-4b637b7c8fc1" xlink:to="loc_rwt_BusinessPurposeLendingMember_53183be5-33a2-40a5-9873-2f245fbb44f9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ThirdPartyResidentialInvestmentsMember_3631cb8b-c6ed-461e-ad32-78c485347f2c" xlink:href="rwt-20210331.xsd#rwt_ThirdPartyResidentialInvestmentsMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_fd5d4fcb-33f0-4205-9015-4b637b7c8fc1" xlink:to="loc_rwt_ThirdPartyResidentialInvestmentsMember_3631cb8b-c6ed-461e-ad32-78c485347f2c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentReportingInformationLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_e7b5f9d8-75c1-4da8-adc1-e1cba7a4e024" xlink:to="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperating_aa65dcb4-13b2-4936-8936-a30532301c9b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_InterestAndDividendIncomeOperating_aa65dcb4-13b2-4936-8936-a30532301c9b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_d7a7a23f-d406-4896-96a8-55173fdd68a9" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_InterestExpense_d7a7a23f-d406-4896-96a8-55173fdd68a9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeExpenseNet_01372780-dfb5-4027-b3bb-53b0aea2d935" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeExpenseNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_InterestIncomeExpenseNet_01372780-dfb5-4027-b3bb-53b0aea2d935" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoninterestIncomeAbstract_63d7bc21-bfb5-4058-91c9-723d0b4f751b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoninterestIncomeAbstract"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_NoninterestIncomeAbstract_63d7bc21-bfb5-4058-91c9-723d0b4f751b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MortgageBankingActivitiesNet_f7b64464-1385-4704-a229-4acc3f780d6d" xlink:href="rwt-20210331.xsd#rwt_MortgageBankingActivitiesNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoninterestIncomeAbstract_63d7bc21-bfb5-4058-91c9-723d0b4f751b" xlink:to="loc_rwt_MortgageBankingActivitiesNet_f7b64464-1385-4704-a229-4acc3f780d6d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnInvestments_133ac5c2-5377-4e35-9e96-3272a3d9b534" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestments"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoninterestIncomeAbstract_63d7bc21-bfb5-4058-91c9-723d0b4f751b" xlink:to="loc_us-gaap_UnrealizedGainLossOnInvestments_133ac5c2-5377-4e35-9e96-3272a3d9b534" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherOperatingIncomeExpenseNet_b7e4c1f6-59da-46f6-a1a7-a576f688005b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherOperatingIncomeExpenseNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoninterestIncomeAbstract_63d7bc21-bfb5-4058-91c9-723d0b4f751b" xlink:to="loc_us-gaap_OtherOperatingIncomeExpenseNet_b7e4c1f6-59da-46f6-a1a7-a576f688005b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealizedInvestmentGainsLosses_a67f9371-b828-46a7-81a4-72b35736de92" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealizedInvestmentGainsLosses"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoninterestIncomeAbstract_63d7bc21-bfb5-4058-91c9-723d0b4f751b" xlink:to="loc_us-gaap_RealizedInvestmentGainsLosses_a67f9371-b828-46a7-81a4-72b35736de92" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoninterestIncome_96d6e14a-3159-4b09-8255-26f187f31a88" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoninterestIncome"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NoninterestIncomeAbstract_63d7bc21-bfb5-4058-91c9-723d0b4f751b" xlink:to="loc_us-gaap_NoninterestIncome_96d6e14a-3159-4b09-8255-26f187f31a88" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_ce917c2b-40fd-4204-9d79-328314ec475d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_ce917c2b-40fd-4204-9d79-328314ec475d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanAcquisitionCosts_f9f55804-8272-4278-aaf4-472aaec60263" xlink:href="rwt-20210331.xsd#rwt_LoanAcquisitionCosts"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_rwt_LoanAcquisitionCosts_f9f55804-8272-4278-aaf4-472aaec60263" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherExpenses_2a9943b5-d34d-490e-bcc1-2d314e2b23fe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherExpenses"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_OtherExpenses_2a9943b5-d34d-490e-bcc1-2d314e2b23fe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_fa686970-615e-48bc-8053-bebd02cf4a4b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_fa686970-615e-48bc-8053-bebd02cf4a4b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_860939fb-6d45-4160-8d98-b5fda53b52f8" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_NetIncomeLoss_860939fb-6d45-4160-8d98-b5fda53b52f8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentForAmortization_8fa1bd93-a958-4153-9d32-3d03a483147b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentForAmortization"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_AdjustmentForAmortization_8fa1bd93-a958-4153-9d32-3d03a483147b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillImpairmentLoss_bf7f19be-d8f0-4eb4-ad5f-32749ec8d9b6" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GoodwillImpairmentLoss"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_787b22ed-fc7a-49bc-9d31-06d87497d8b2" xlink:to="loc_us-gaap_GoodwillImpairmentLoss_bf7f19be-d8f0-4eb4-ad5f-32749ec8d9b6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformationComponentsofCorporateOtherDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_0012ec15-cf1e-4bec-830c-6508b0c4bd93" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_c9cded17-6837-4d32-a10a-480f735063ff" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_0012ec15-cf1e-4bec-830c-6508b0c4bd93" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_c9cded17-6837-4d32-a10a-480f735063ff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsAxis_3a35c616-e9ea-4ca0-aad7-a7011273c129" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidationItemsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_c9cded17-6837-4d32-a10a-480f735063ff" xlink:to="loc_srt_ConsolidationItemsAxis_3a35c616-e9ea-4ca0-aad7-a7011273c129" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsDomain_cc7f36fb-c271-45fb-832c-a7b839371c94" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidationItemsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidationItemsAxis_3a35c616-e9ea-4ca0-aad7-a7011273c129" xlink:to="loc_srt_ConsolidationItemsDomain_cc7f36fb-c271-45fb-832c-a7b839371c94" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CorporateNonSegmentMember_fe7ea75d-2f41-47b0-a30e-3f5faeb0a77b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CorporateNonSegmentMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidationItemsDomain_cc7f36fb-c271-45fb-832c-a7b839371c94" xlink:to="loc_us-gaap_CorporateNonSegmentMember_fe7ea75d-2f41-47b0-a30e-3f5faeb0a77b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsAxis_cbb94acc-5a19-48ed-9b8e-e68456c98324" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SubsegmentsAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_c9cded17-6837-4d32-a10a-480f735063ff" xlink:to="loc_us-gaap_SubsegmentsAxis_cbb94acc-5a19-48ed-9b8e-e68456c98324" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsDomain_d343c9b4-71fd-4772-8b69-0d22d15992ae" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SubsegmentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsegmentsAxis_cbb94acc-5a19-48ed-9b8e-e68456c98324" xlink:to="loc_us-gaap_SubsegmentsDomain_d343c9b4-71fd-4772-8b69-0d22d15992ae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LegacyConsolidatedVariableInterestEntitiesMember_9d138f08-0813-41c6-be67-8f3269bd49bb" xlink:href="rwt-20210331.xsd#rwt_LegacyConsolidatedVariableInterestEntitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsegmentsDomain_d343c9b4-71fd-4772-8b69-0d22d15992ae" xlink:to="loc_rwt_LegacyConsolidatedVariableInterestEntitiesMember_9d138f08-0813-41c6-be67-8f3269bd49bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_OtherSubsegmentsMember_343d3848-3143-43dc-9389-9ee32d06109c" xlink:href="rwt-20210331.xsd#rwt_OtherSubsegmentsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsegmentsDomain_d343c9b4-71fd-4772-8b69-0d22d15992ae" xlink:to="loc_rwt_OtherSubsegmentsMember_343d3848-3143-43dc-9389-9ee32d06109c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentReportingInformationLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_c9cded17-6837-4d32-a10a-480f735063ff" xlink:to="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperating_3bba0a3c-cb74-4658-8f62-b4d8869d1466" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_InterestAndDividendIncomeOperating_3bba0a3c-cb74-4658-8f62-b4d8869d1466" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_1c977fd6-6a92-4dab-85a9-6955b9423077" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_InterestExpense_1c977fd6-6a92-4dab-85a9-6955b9423077" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeExpenseNet_080583c9-e7c4-4c0d-8961-e5331bcf6a17" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeExpenseNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_InterestIncomeExpenseNet_080583c9-e7c4-4c0d-8961-e5331bcf6a17" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnInvestments_37d4b245-77d8-491c-af47-da18396d8a4f" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestments"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_UnrealizedGainLossOnInvestments_37d4b245-77d8-491c-af47-da18396d8a4f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_20146eb8-2174-423c-acf5-2bb3475b76cd" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_20146eb8-2174-423c-acf5-2bb3475b76cd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealizedInvestmentGainsLosses_d19b5680-46fd-4976-98e6-8dc3595465f4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealizedInvestmentGainsLosses"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_RealizedInvestmentGainsLosses_d19b5680-46fd-4976-98e6-8dc3595465f4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoninterestIncome_2b21bc5a-a61d-49ea-9df3-37250a2a382d" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoninterestIncome"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_NoninterestIncome_2b21bc5a-a61d-49ea-9df3-37250a2a382d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_e72c882a-7497-4c39-9fac-5d1bc7709732" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_e72c882a-7497-4c39-9fac-5d1bc7709732" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_LoanAcquisitionCosts_b70ec151-6ca6-43b5-aaad-63b382d9a4ae" xlink:href="rwt-20210331.xsd#rwt_LoanAcquisitionCosts"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_rwt_LoanAcquisitionCosts_b70ec151-6ca6-43b5-aaad-63b382d9a4ae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherExpenses_7d3fd3d8-ba72-4348-8658-f4664f67f0dc" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherExpenses"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_OtherExpenses_7d3fd3d8-ba72-4348-8658-f4664f67f0dc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_c66dd090-0bcb-48de-b034-a95da0b8d2e2" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_be84d793-b9ae-4698-8d1c-675ed6271e55" xlink:to="loc_us-gaap_NetIncomeLoss_c66dd090-0bcb-48de-b034-a95da0b8d2e2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails" xlink:type="simple" xlink:href="rwt-20210331.xsd#SegmentInformationSupplementalInformationbySegmentDetails"/>
  <link:presentationLink xlink:role="http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_e9b542b9-6b06-41a4-a47b-f7b465897f8a" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_6d3a8bd0-9b6c-4295-82fb-601a8b10724b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_e9b542b9-6b06-41a4-a47b-f7b465897f8a" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_6d3a8bd0-9b6c-4295-82fb-601a8b10724b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsAxis_085a6f7e-9cbe-4c88-84d9-714d1179675e" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidationItemsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_6d3a8bd0-9b6c-4295-82fb-601a8b10724b" xlink:to="loc_srt_ConsolidationItemsAxis_085a6f7e-9cbe-4c88-84d9-714d1179675e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsDomain_55f29cc0-e78c-425b-99fd-64348843d033" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ConsolidationItemsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidationItemsAxis_085a6f7e-9cbe-4c88-84d9-714d1179675e" xlink:to="loc_srt_ConsolidationItemsDomain_55f29cc0-e78c-425b-99fd-64348843d033" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingSegmentsMember_90759bbc-aa47-4029-8ef5-e9269ff3536e" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingSegmentsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidationItemsDomain_55f29cc0-e78c-425b-99fd-64348843d033" xlink:to="loc_us-gaap_OperatingSegmentsMember_90759bbc-aa47-4029-8ef5-e9269ff3536e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CorporateNonSegmentMember_4c3dc93b-e803-4b3e-84dd-8ffd237ec936" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CorporateNonSegmentMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidationItemsDomain_55f29cc0-e78c-425b-99fd-64348843d033" xlink:to="loc_us-gaap_CorporateNonSegmentMember_4c3dc93b-e803-4b3e-84dd-8ffd237ec936" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_3dfb984e-1cfe-4c4d-971e-d33531613757" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_6d3a8bd0-9b6c-4295-82fb-601a8b10724b" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_3dfb984e-1cfe-4c4d-971e-d33531613757" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_d8f48f91-c417-4a2b-b2dd-2f7224c7ebe4" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_3dfb984e-1cfe-4c4d-971e-d33531613757" xlink:to="loc_us-gaap_SegmentDomain_d8f48f91-c417-4a2b-b2dd-2f7224c7ebe4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ResidentialLendingMember_d712ef6c-8ece-4956-8303-06d127e147c6" xlink:href="rwt-20210331.xsd#rwt_ResidentialLendingMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_d8f48f91-c417-4a2b-b2dd-2f7224c7ebe4" xlink:to="loc_rwt_ResidentialLendingMember_d712ef6c-8ece-4956-8303-06d127e147c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeLendingMember_02ac2a4c-a7a8-4533-a258-2118dd530a32" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeLendingMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_d8f48f91-c417-4a2b-b2dd-2f7224c7ebe4" xlink:to="loc_rwt_BusinessPurposeLendingMember_02ac2a4c-a7a8-4533-a258-2118dd530a32" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_ThirdPartyResidentialInvestmentsMember_09e1b2af-abed-47e3-ba5b-2c2929499116" xlink:href="rwt-20210331.xsd#rwt_ThirdPartyResidentialInvestmentsMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_d8f48f91-c417-4a2b-b2dd-2f7224c7ebe4" xlink:to="loc_rwt_ThirdPartyResidentialInvestmentsMember_09e1b2af-abed-47e3-ba5b-2c2929499116" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablePortfolioSegmentAxis_2a5a77f1-0537-4d2b-9277-1ed3c0df74b3" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablePortfolioSegmentAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_6d3a8bd0-9b6c-4295-82fb-601a8b10724b" xlink:to="loc_us-gaap_FinancingReceivablePortfolioSegmentAxis_2a5a77f1-0537-4d2b-9277-1ed3c0df74b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivablePortfolioSegmentDomain_af580a29-e5c9-4c02-8956-be69cd8ddd4c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablePortfolioSegmentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivablePortfolioSegmentAxis_2a5a77f1-0537-4d2b-9277-1ed3c0df74b3" xlink:to="loc_us-gaap_FinancingReceivablePortfolioSegmentDomain_af580a29-e5c9-4c02-8956-be69cd8ddd4c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialPortfolioSegmentMember_a394f567-a925-4c07-91f5-d1a59f87970c" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ResidentialPortfolioSegmentMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivablePortfolioSegmentDomain_af580a29-e5c9-4c02-8956-be69cd8ddd4c" xlink:to="loc_us-gaap_ResidentialPortfolioSegmentMember_a394f567-a925-4c07-91f5-d1a59f87970c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_BusinessPurposeResidentialLoansMember_8ddb087b-aafa-4412-af7c-756535421484" xlink:href="rwt-20210331.xsd#rwt_BusinessPurposeResidentialLoansMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivablePortfolioSegmentDomain_af580a29-e5c9-4c02-8956-be69cd8ddd4c" xlink:to="loc_rwt_BusinessPurposeResidentialLoansMember_8ddb087b-aafa-4412-af7c-756535421484" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_rwt_MultifamilyLoansMember_a949bbcd-32b5-4b5e-ae76-b4ed689679af" xlink:href="rwt-20210331.xsd#rwt_MultifamilyLoansMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivablePortfolioSegmentDomain_af580a29-e5c9-4c02-8956-be69cd8ddd4c" xlink:to="loc_rwt_MultifamilyLoansMember_a949bbcd-32b5-4b5e-ae76-b4ed689679af" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_fc4c08c7-4a16-4c45-8a3b-559fde82b990" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentReportingInformationLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_6d3a8bd0-9b6c-4295-82fb-601a8b10724b" xlink:to="loc_us-gaap_SegmentReportingInformationLineItems_fc4c08c7-4a16-4c45-8a3b-559fde82b990" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_e614b229-2f99-4fc6-881a-3654282f0b96" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesReceivableNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_fc4c08c7-4a16-4c45-8a3b-559fde82b990" xlink:to="loc_us-gaap_NotesReceivableNet_e614b229-2f99-4fc6-881a-3654282f0b96" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarketableSecurities_f25dc6fc-43af-45b9-9270-c0ce944b4cbe" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarketableSecurities"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_fc4c08c7-4a16-4c45-8a3b-559fde82b990" xlink:to="loc_us-gaap_MarketableSecurities_f25dc6fc-43af-45b9-9270-c0ce944b4cbe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestments_8a3e959d-290d-474f-bd45-88e407afdd07" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherInvestments"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_fc4c08c7-4a16-4c45-8a3b-559fde82b990" xlink:to="loc_us-gaap_OtherInvestments_8a3e959d-290d-474f-bd45-88e407afdd07" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill_90a5fe3d-7d9a-485e-abb5-10f5bd01d60b" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IntangibleAssetsNetIncludingGoodwill"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_fc4c08c7-4a16-4c45-8a3b-559fde82b990" xlink:to="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill_90a5fe3d-7d9a-485e-abb5-10f5bd01d60b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_11a409d6-0165-4230-9562-1eb7c6ed79ea" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Assets"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_fc4c08c7-4a16-4c45-8a3b-559fde82b990" xlink:to="loc_us-gaap_Assets_11a409d6-0165-4230-9562-1eb7c6ed79ea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>14
<FILENAME>rwt-20210331_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xml:lang="en-US"
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2020-01-31"
  xmlns:iso4217="http://www.xbrl.org/2003/iso4217"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:rwt="http://www.redwoodtrust.com/20210331"
  xmlns:srt="http://fasb.org/srt/2020-01-31"
  xmlns:us-gaap="http://fasb.org/us-gaap/2020-01-31"
  xmlns:xbrldi="http://xbrl.org/2006/xbrldi"
  xmlns:xhtml="http://www.w3.org/1999/xhtml"
  xmlns:xlink="http://www.w3.org/1999/xlink"
  xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
    <link:schemaRef xlink:href="rwt-20210331.xsd" xlink:type="simple"/>
    <context id="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i2bb8980f5b2045c48cdacec865e59b15_I20210504">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
        </entity>
        <period>
            <instant>2021-05-04</instant>
        </period>
    </context>
    <context id="ic09c7c8bc47240bf8d07fb841ad3e4ef_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ie9434eafbc16499db49a9f2451fa8069_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i0a210c65d99c4a029d3962efa2f3da82_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="id1b5d106720044ecae18bf6263f90651_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i54e1c3413c9b4684b62142a68cd76b69_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforSaleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ib0e19b379ad14fac9963bfdea9ed1cba_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforSaleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ie7eeaf9a0bac45a5b562bcf6670028a1_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i244fb01c052b43d3be068af6e0eeb08d_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i8a44a8ba40ac40c8b1f498b3abd3d8c8_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="id5ec0afafeed4798a836756819077adc_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i37d854f74f774173a357ca5981737041_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i0c7db8c5261b410fa3906572c9581c92_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i2a27c4e9ebd24c52be722bc119776477_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ic8dfc3bfbfa44dd9ada1b83fc85e2c25_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="if21535c3aac5426c8c94ca5e044db744_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ib4a881f805524523bbf4fe5fad7bbe0d_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i897fdad8ee7c495f801c02cbb8190105_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i720b0541952f4e2f89edecb171a35fa1_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i8aad96f812b54751bdeb1eebb7382271_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i5bf3a8ad6789496288b3e5fab11519ee_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ie10aa11215cf40c5b8c6ccfffbb77306_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ieb01081879264690b281ba1cf63d4c2a_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i7cd2c613d5fc46e18eb02657a382f5f3_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="icb44e5ce22db4f8eba91e5ec3802acc3_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="if08ef2fe3f59450a8a4512f18505ec8c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i63bc4d542f994ff8a49a3664e4d2689c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ifb7fb032bd4841ef8296e28fe37c9b21_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i9d20c02db835427a9027df31aebd1aef_I20191231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2019-12-31</instant>
        </period>
    </context>
    <context id="i1b07cc05bc854005a7e77f384b212318_I20191231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2019-12-31</instant>
        </period>
    </context>
    <context id="ib7e164ae55da4b158e411cecbd9ce0b6_I20191231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2019-12-31</instant>
        </period>
    </context>
    <context id="i63e0f93381f24d5a9485042e86593834_I20191231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2019-12-31</instant>
        </period>
    </context>
    <context id="i4da15819d3b54ba3bbadd65de4234652_I20191231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2019-12-31</instant>
        </period>
    </context>
    <context id="i63defda5d53a4b889b716222ce560cdb_I20191231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
        </entity>
        <period>
            <instant>2019-12-31</instant>
        </period>
    </context>
    <context id="id882a6e79bdf4589aa3b05b4a526b4e1_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="id37fb32bed8f40f2b27428b6e74924fd_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i9a879fb4d53a4ed7847790160db69378_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i0aada30b42c8466fb98d4ac41d62ea6b_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="ifdebd6c01c8a484c8009639606c1143d_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i39ab6968cc9f4d2e92e7e37cb03ba4ef_I20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-03-31</instant>
        </period>
    </context>
    <context id="ib866c8b5ed3049a2808d8a4a5268702c_I20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-03-31</instant>
        </period>
    </context>
    <context id="i33acfd13f5c54b91959abd9042533d0f_I20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-03-31</instant>
        </period>
    </context>
    <context id="ic3ba145d1d1b44908d5be73717078b14_I20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-03-31</instant>
        </period>
    </context>
    <context id="i7a97043cd4fa4b3181f40b3a0f2fbeed_I20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-03-31</instant>
        </period>
    </context>
    <context id="i4496b8fa66474fb7befa45ddc23d4823_I20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
        </entity>
        <period>
            <instant>2020-03-31</instant>
        </period>
    </context>
    <context id="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ibb655d421b2f4d0d895a60ebf75bb660_I20191231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2019-12-31</instant>
        </period>
    </context>
    <context id="i072e50207a4a44d8b991fc84eb64155e_I20191231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:CoreVestAmericanFinanceLenderLLCMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2019-12-31</instant>
        </period>
    </context>
    <context id="i745d19ad1af64fc59aea8f70c859355b_I20191231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:BorrowerNetworkMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2019-12-31</instant>
        </period>
    </context>
    <context id="i288c847c056942489a78d80fef6ce754_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:BorrowerNetworkMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i44c8252f3ba344efae9aabe1415a9a09_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:BorrowerNetworkMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ib4da90a8f9dd417da10b774f7f34080b_I20191231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:BrokerNetworkMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2019-12-31</instant>
        </period>
    </context>
    <context id="i564901a14f27402090d60a19ffcf3373_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:BrokerNetworkMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i95a51203dd2b48b9841b9f3756c3f5c3_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:BrokerNetworkMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i6be9492ad4a34e17b14602bb2ea6bd42_I20191231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:NoncompeteAgreementsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2019-12-31</instant>
        </period>
    </context>
    <context id="ic67f02c72b5a411fac8dca9ac60edf4e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:NoncompeteAgreementsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i2e22425386cc4446bbced832bc3d93f2_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:NoncompeteAgreementsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ifc581827cd3642b2bef44abd153965f6_I20191231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:TradeNamesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2019-12-31</instant>
        </period>
    </context>
    <context id="i7faa97de403840028c23fe06d1d0bab9_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:TradeNamesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="if4499592e5e6420ead3026f91dbd45e0_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:TradeNamesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i85a160a40f8947f0a1fe7fb32a9b3e33_I20191231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:DevelopedTechnologyRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2019-12-31</instant>
        </period>
    </context>
    <context id="i3556188d1aae49b09449b69dad5abe77_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:DevelopedTechnologyRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3aa91625ba5f4745a8a5ad599d365d9e_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:DevelopedTechnologyRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i013a089b9c374e1080558892a2e525b3_I20191231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:ManagementFeeOnExistingAssetsUnderManagementMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2019-12-31</instant>
        </period>
    </context>
    <context id="i3ba7d88e742649cf93cf340c6bbc6376_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:ManagementFeeOnExistingAssetsUnderManagementMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3f16431e13074f498cea53277bd7cff6_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:ManagementFeeOnExistingAssetsUnderManagementMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i38b722744fc34e14aa506349c7a35ca2_I20191231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2019-12-31</instant>
        </period>
    </context>
    <context id="i9f33e73ca17240e39e63af2fd00f76c1_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="icbec59a70c6a4d80a4bd2781bd384408_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ia4667260abcf4098b42796adf29b3540_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:BorrowerNetworkMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i0f3d9c4ed5af4b63b461030e99c2f2ba_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:BrokerNetworkMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i1c1d3428298344aba61c74c8fd83ba2e_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:NoncompeteAgreementsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i96ea6c0117334864a930707ca2b94ca6_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:TradeNamesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ifb146e564a7546efb14599b295cdf7e9_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">us-gaap:DevelopedTechnologyRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ie44b05c660a747c4a5542b7e4c24deb2_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis">rwt:ManagementFeeOnExistingAssetsUnderManagementMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ie2b4fa91c3ab400484356ccaa5f8dd1f_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCAndCoreVestMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i50e4916114a3496b96c44a9fef064940_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:A5ArchesLLCMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="idb9a9f2f18514ea3ad5a1a150a34b849_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:InterestRateSwapMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="if6464943a9ac4116ad9a37577e3fa32d_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ToBeAnnouncedContractsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i56dde58093f34d03877cdf10564c24c8_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:InterestRateAgreementTBAsAndFuturesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i1cce4f4aee194f33bb98a5b4843fc949_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:FutureMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i02064474e406474ab40a7fa3f385977b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:WarehouseAgreementBorrowingsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iddb7658a90684c71bbb0745462122232_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RepurchaseAgreementsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7bf3261f9d434a09a50313a1b163668d_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:InterestRateSwapMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i7c0a1285016e426ebe3d13b435963f79_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ToBeAnnouncedContractsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ifa23d6be2a594c4a822412ba59b8717b_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:InterestRateAgreementTBAsAndFuturesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="if216ffe9ec284c65acb92b304aee8fdf_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:WarehouseAgreementBorrowingsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i81a872d048e94b1e88c3f040a30d6dbb_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RepurchaseAgreementsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i5278443e66b646be9e11882383fa9c16_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i62e5612f85344c46a6d328de9f5f5d6c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i341045d59c19407aadb534cb456f075c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="idf62b52b3a1948f5b1f66314e643d587_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iff1deb0b20cc4f58ba985aaa8a60f199_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i412db763f5eb46e29e5f9c6a4559b497_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i389f60b4202d4eb2866fa048c40fb0b6_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3831063da2664c3d97ba09aaa89a6789_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i0ee9318104d94cf59bf7f95dc6132ec3_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i5a6f5d59dbad425db2d181de0559e82b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i85ba1e7f76a244ee95a78b257cd9c6f1_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i48f9f554840e4530a3c47b5524ea0aba_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ic77659ad23654bd7bfc1d89490b6081f_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ic6718c39bb644e1585fca8c524112743_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i5075f4359465454aaa0e43262c0d4d1f_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i5b139d7053d34d258bcda59855d863a3_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i519b3d6d097446979d1278e5262eb534_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i2d2db82dc2b04a269251dd635ab016e6_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7087071b3a51463a9d571ac1f70ffe8b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3cec5e692e614a43a2405bf2588c0a1a_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3fd3161eb2fc4ae4b63a07175a04aa51_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i398743a426304464a9554b17663914b6_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i543937dc57f944c8af8c59922d0dc1ac_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i577df421faaa41619ad47485adb5de41_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="if846a16cc0024a669cafaa572eefbb1b_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i19aa43f32fa841238674c58742b1b028_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ifd126d798d8e4f0887a063570970bffe_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i9ea63c33388549f5b9d5a83e9edb8f26_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="id1738edc3f614249877c41fced72a588_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="idd19f15c82d949b79f228f9fcaf43f34_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ib60b6b49557e4633b3267553dc84e83d_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i88ed7a7e1ca24c3c8e4f55526fd930d0_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="iba22c7a231e7423790bb8c7caba5c988_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i09067fb31d064aa985c23388a5796562_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i9420f155972c40f68668387c7884b562_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i149eb0ea3f0540b0be8df0c5d42c2275_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i0d6b56b3e6d54d0dacc71c45711d352a_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ibc44c47450aa42b5b61bfb52005c5dd3_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="if6772e1892cf4bf08a90be0f0d897536_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="iac450ac47ed54b23981b8336b3b560d9_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i17f8a9287bd64405a58b2472e170d42e_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="id0608a0432294800a2ca10485d6564da_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i6d20c30de45f439d8782da31b4814d0a_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="if6a9a7595d1b4a7c89793c602bf21389_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i395aebd259c2410ba147fa2dbfeb2e28_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansHeldforInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ic084806e564f4abaa5985fe389302f4a_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i84c2acd716c14ea1b4d44273a4a9155b_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ia55b0c0b775c44bc8c7769e85f750e74_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i892cc407bc954925a5362c194b4806f8_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i8582a0a154504adc965646d250f8da24_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:ExcessServicingEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i99a3de7c850f43348d1db9912c6cdeaf_I20200930">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-09-30</instant>
        </period>
    </context>
    <context id="ia5f4f97edfb941b4969cb161d8a250ca_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ie5ab53c43f654a03b6b0209dfa99f634_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i81eec5e507dd48beab738bf026d3310b_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i324b610d787347de83776f941bf1b0d4_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i35b63c103d874150a852872b9f080f5b_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">us-gaap:AvailableforsaleSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i8e3c7e81e5e843e9b7a28ac9eb5e1b65_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">us-gaap:AvailableforsaleSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="id549d917daee4ad691fd062262f8e9a0_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ia43f35dc40644c5f89702816427ee2b7_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="iac48efe18d8c437580093df830c91303_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i5dace06988d64f0babe357ab71250d7b_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="ia706ae4529b24fa5b77d8bdbcc8191d6_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyStripAndSeniorSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i77c175e5c08c4ad9941f57566da0f8a7_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyStripAndSeniorSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i3cdaeff7be5e454c8ce6f2cd952b22cc_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorAndSubordinatedSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ib546bb4eae8a408080a7026493d5ba9c_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorAndSubordinatedSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ia99618844cf24d1b905d1d74910b289a_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i8ed690cdee64450b84799ae7dfde6ae1_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ied477d8bed37404d8950d3d3f0efd37f_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i8495bad40b7e417480447a16509a7df0_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i353e49f9d97e47b7bfb62207392cc84c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i32294eb898b142eba0a03a9be8773a03_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3a4fe6f40463480c92258c144f7a4a48_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i3b9bd483c3d1416095c70193435a5109_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i57d1b0386671404d9d1b83db127d367c_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ic2d65bd491d142bbbde87d9b4e37c0c3_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i09d39cdf142f4c7e9e1bf106c358a14b_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i8a58dc12f3cc4dcf932d8db9def778c5_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="id5ee436a5ca84177b103986e5798e87f_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="iea882139b3f640509990cb5b28fe74da_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ib64aea5f9e5e4374a730f7cab224a59f_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i06ed4e6b8bb6495e9e5ef48c718b367f_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i5a57950744504d5283e5573c75ab8ae9_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i8beed95ac1444b9a8a3fb5b2b4b5ec7f_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i640b2657ff074ef99259f4905a2a8208_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i2f0a995d32a64d16996dafdc6a733d41_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="if6fd010a4a124a889d1a1545bbf34103_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i8a7d8d1bf0b84d9db00c821600b0ca8b_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="ie7389f73965f46508e603e4f82d5a7fe_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i5c03fca8226948b28fe29770664c33b7_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="id0b2bb0ff56f4aff88a344a095797450_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7627833b45014bf396486110ec773e45_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ieb724b40380e4abc8a89cb256bd2aa50_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeMezzanineMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i02a80a66f38c4b44a315d7168a8a1ce7_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeMezzanineMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ifc32f6755aab4925abcc3c52e366bc7e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3c284847aff748009fa71644a06f3072_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i73fe65c9e2414eec9dbdef6605f7443b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">us-gaap:ResidentialMortgageBackedSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i0ac2ebffe5924bc0a94219d40202f750_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">us-gaap:ResidentialMortgageBackedSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i187a64b8f7bd4b18a2e0da3abb554a64_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i85ed2e4038cb400e8111953a8a687393_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="iecf782aaafa84824bed1d8555c09df06_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i4d41c3938347453eb8eae76d1a512021_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:RealEstateInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i041e9ea7d068463c8c1e73f7cda660bf_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i9bd97b11b65244059a6f3b55a1ca358c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i02e34abb9e114829add6054e6969e26b_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i2b397077c8f54ed89f1db40ecfaa407e_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i949270fe10a148228f53742a4a97298b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i82aa06b128214826a67d0fb06ae4de31_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="id00c5275b97f42adbcc2a6bcf7612b83_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i1223ad98f5334f32906e8f07adad019e_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i230a890a5d7b4ca581603720777d8c0a_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforSaleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i2ae7ecabcb514d6dace74a7ac6aed9c3_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforSaleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i72b4da0298cc4bc1a46b72377e09b3bd_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforSaleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ica2d5fea9ccf46b397c8fc05169ff0ad_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforSaleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i1479ab8045e2442ea9748b283dc0efa4_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iad6348d4d8234958a3aeb5907c4f6917_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i5932e7f2112d4e21a49c8b5abb597740_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="idf24d426b8d146cebc4b5130b0a7f593_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansHeldforInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i9d5da380d1e54056a07512b322b6b784_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i5c19c3eadb8a4139b4037db249b036e8_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7e7d50c4585e4d7ca427199bf84f0c3f_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i9cdfea28ea4b42e49bcc4730c30987af_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="if35c0380fc1c435b901c6cb5d2249a15_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia4788508fd084524aed5c75113b8df55_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i84834aa5041244b29b21277c46e0c555_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i4c3e34679dfc4f249d8e72e7fef3f2a9_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ie42b1d27f51e4cf8a7441fdd85b60dce_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i6f6606514a434bd7aa2dc6a56ebe0a3b_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ib4a6270f9d154fefbd36e6c27516feef_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i72bd2b77d7f1492fb1bed5643081bc12_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i1465cc597cf44f53bea62569292485a4_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i4d1d7d08bfba42b2b6cb509de53834a1_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i0ff36024ad4c49bc98783995846075c2_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i9635857698014305a58fb7bcceb71131_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i462bb2a3143e45718e6e5281637bb0a5_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="icd8ddda4d5fe45bda71788fd4f3803f5_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i7504f6b58cb346249183ad14cfa0712d_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="id0879c0f93ef4e83b115d81b0d77d91b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia07f1df5bc0f4a27839cfbd7a1adf298_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ieffc59bbf2184ddd8b0bcf338cc12653_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ibadc65bb83ef41d9aa61687c124c0ae9_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ibe596ae102d0408eb86a8a4d3470f502_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ieee5e8c5ac4b4b86a9b71d99acab4a0e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i56a8dc5a60474b5c80200c25b4156e2b_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i9ae89e26af214324a93d006c954893e4_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ie7d450e413c64bc8a9df8156ddd71d25_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ie181e17b3df14b33901743658c654b6c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i928a121113394f0e93e8e36132e7d576_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ie67b654941dd41d9b4de9fe7ad691789_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:EstimateOfFairValueFairValueDisclosureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="id1789aae18fb409e82890e3909458dd7_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i4904322d8b464d11a931f6bd09c1cb97_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i9f6277c46f524816a6e1c228e3069a7e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i75f22a81a7024897ac2f5ec6fc48caa1_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ie493c02de1c342c885b72f000dff7bed_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ib56f386c27ce4b5193c79f38e01a8e2c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7540b917544b47c6a0de554f00aaeca3_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i44e9671b38764d829529e1987839809a_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i1348161961b043c0b7c66de76a35f004_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i09c3af6cf03044b49ebd86c20d0e7ded_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i1fb2986eeca146b28d8ada75c1e5d20a_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ic5bc5d552f1f4c19a30b8799b579c83b_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i5eaa6e4405e64b0cbe28447cd330f4da_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i3e4267c598b946e78a7ad0d3db44a168_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i9344198c95ed4caaabe5cae57c87d1c8_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ia05690965f42466f900469e237c2c14e_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i48deb30ded654cd29a15dffe8819c8ef_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ie7fa352ab92140db90a0844d7bba8353_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="iaccc86199189418bbe9d8a42cf521566_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="id2983f99344c40f2aa9d887c682ef6be_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i3ff67d830f584d5da4f47fce499467ef_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ied43ede63fe2437090ef3656f409e22a_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:AvailableforsaleSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ia58e6fa52ecd4486807a8d7701d68047_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i60a60f5062a14535a567cd300a6922bd_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i8b3d02bf488749ef9c12768532968cc2_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i6853cae04733444989dba11ad71fe683_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i549f7a036d614ca0b48d449bc9b73902_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ifb3d49ad157844e9a437e4ead41bb61b_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="if6a0242a33d5472abd750073cc76e9a8_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:AvailableforsaleSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i07a6d33092ae4a489a31b3a968623d79_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i5a0a5b43b48846f79d29956a447bdf71_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i6fc7e7e78b064a55a8f56344b342d3b8_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iab69e02dc03c4787b3576e45df718e6b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iee7abe4fb8f141dfac3e73deb610206c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:AvailableforsaleSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ifdd05b0e653a49e9afdb552c47a636a2_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia863a4ea907945e4985e729e98137856_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia34e5b2765934a8caca5d6560b7325f0_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i054a7222e5b2414aabfc40a8dfae03dc_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7c9bf4a4709342dd89c28902bbf85390_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="iac3f07a56e594c60bc0856fc337d226c_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i0c40a9027e2c42b191b1f44de3846e76_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i88cbe1e67e484322852362c87df869b4_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i2578abb6543e498aa84225e44ae44321_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i96b83456b00f48f68b30ca5643004dd0_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i6667ead55d144e9a83496a4566421676_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:ResidentialLoansHeldAtRedwoodMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ifc643f6bad1f4aa89c501e5a104a21d5_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:ResidentialLoansHeldAtRedwoodMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i58b74c50beef41a2a81b4ccbe0a00f23_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="ie910f1ef08b648b48ee01aa312690566_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i536d18f1e0bd49bc9267734b885b2001_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="iefc1afb6134449f9b82d2f9b413f5265_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="idc9f1f5b85c14779ac04355776756cdc_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i26af598de0f349148bb24d571a9d29ae_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i149b968bab964175bcc3503c989cd595_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i6ae84f2458744e90a3f2176f85717eef_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyRentalLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ic773e787c1ec476ba0293705d1db87c8_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyRentalLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i550beb9b2edd40aebd9b4bef213c426c_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i8766c7e33d9f48cabf689e1a3fda9c4a_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i7eea2300187346879d7627dc3f6838c8_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="ib800be21a6484e2380d6761746e3b34e_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i905379e317594d80ad762ae080cb0ba6_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i50e7d29d3696473eb3b280e05f4185c1_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="idb7db59756814ccc9c0dedca5dc761cb_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i6dadfc22ba34444995ba067f66249d7a_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i4175c7730d9c43de9031c5bda117babd_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i158c143156934610a7cb7d00ee1b0619_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ContingentConsiderationMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="iacfbd3b7e1d4424a94ad197b0aa8019c_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ContingentConsiderationMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i33739b4aa720431f94491f32f92cc0d5_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsNonrecurringMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i611ddefe02464bc3870bdde8403ed531_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsNonrecurringMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i9db60fa1b3904f99afa90198dfe78894_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsNonrecurringMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i40a7f478b06244db80d562e688507237_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsNonrecurringMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i943a8d998ce4417d8482ccfec4eba00e_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsNonrecurringMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ie0ea2f9a069046359541df8a6c9c34be_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i493d4046aa994911b4b7c64d6e169e4a_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i00523484f3cd4ed790880778eb957709_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:LoanPurchaseAndForwardSalesCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ib4858f756d8c429f80340b969c283011_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:LoanPurchaseAndForwardSalesCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="ia9fd8d05593a4f7f91b09e9a3a8c5adc_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyResidentialLoansHeldforsaleatFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i10200654d7e64e31b490ed14f5a4ebcb_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyResidentialLoansHeldforsaleatFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i0a8efb4d904c4cceba82459f2976b997_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i9e4135b194bf44a289a120abffedaddd_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="idd862ce212b246d18ec144179e66d6c8_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:CommercialLoansAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i3bb079db28394c9d9e09fe6f8610de7f_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:CommercialLoansAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="if7b75b356e814db2bc0260efc565afbe_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="if6788a2f41244ef28a7bf50bfb78adf6_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="ia4f01a7bf4bd48de99703d023fdffc23_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i98012c7050184111bd383e5fc36fa937_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="icc090af3a3944f298e99496759d4b8bd_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i3f1428ea357b4375b459487a4a55c44f_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="ic9b6824ca2854748b0ee7720afae24ad_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i30787af2a65b4207a13175ca5051275a_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i89924ebd81db43369175e5d88a9dd440_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ief334a70a3eb47a596399c592cf7b8d8_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i21bd9594bdc6473ea84b364f176533d7_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="if53ba3db0684450abfb2946f4c6fc6b7_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i518addbe889a4e80b5c9a727fb91d8aa_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ia306ec4c55e34a76a4cfde4f22075275_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i1b67a32a7aa1461e8a5b3dc16b126b61_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i44d7062dccc4482eb2a480ca09e76880_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="ief47be17ad3e4796b9c0f12f3065164f_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i7319b4cb879e421f8ac76aa55968a52e_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i1b4e0e7ae9f14750ae752d41c0786e5f_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ia9a548411f774ad6b87af3e6bebe4be2_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="if55a1f3df2534bef9cb88ebbb59e5e54_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i2101239e1ed64b57814bf0ff5203b353_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="ifcb2c2de3bc0421ba747fbf5de64121f_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ic9005108191048a299271dfa5ada7a5c_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="ia5e7ab2c37c84f0194666c012e613958_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i7f9eb6ae6026412192300f90c6b1d3ac_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="ic2afa7710e0c4120be3ac52614b34d41_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="if67282c6d42647d594ccb7dee627c6f8_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i284b3fd30d234c63bb993795682bf964_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SharedHomeAppreciationOptionsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i169759bb6912478582d0e66562781ec4_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SharedHomeAppreciationOptionsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="ibd4c7af477ca4da8bd36ed9707f243ad_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:OtherInvestmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="id8ffd74ef46747d4b51bac5edfbe7a61_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:OtherInvestmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i2ae495385e884f3c8f5ebb2bb6e22a17_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="id3952c377d9947d1a8fd13d5b43ddf65_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="iecb8af227a934f02aa3370a1fdd3a5cd_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i5140e3fb71d64f918c9138d3257c57fb_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="ic8666794582b409fb009b5941410e5ef_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i2a77ef2ff4e047caa0f1a33d7929ec64_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i88dee4db834f4d2d94d5c69fcd091e54_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i4ac43bc39538441fb793d28ba8db60d6_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i3e01da42fc454e56b0cef583e869baf4_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i9794d9d167f246d49406674e01f35859_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i8e88a2d220334046b489543722ee194f_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i19df292df6aa48e785bf650586623e90_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i0ee3d98035cb4da7968ce0091d58c5b4_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="icbdcb0fb2ba747cb9508fab8f4155c4a_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia2943ece51434b07bde22da81b160e1e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i9a333eab9840489c82aa2a7cd59377c0_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i4b5408b9b5034da8b37e9ebd5f0aa219_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:WholeLoanSpreadToTBAPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ie485ee8d41ec4bf89d5cebf51c4c48ba_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:WholeLoanSpreadToTBAPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ife4a9a19e61e4410990e31db9c851544_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:WholeLoanSpreadToTBAPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i75864e80b25b497ba0560cf4150b8d5d_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanSpreadToSwapRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="if2744578eb4d4cd1a068ea57fe19c70e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanSpreadToSwapRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i51e767e2b9fc47808d7d1fc9c5dc9d18_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanSpreadToSwapRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ibfa7d40c720a4d20bafa4f7371844161_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7b23e1d0b9304ed2a2c7a738dafa88e5_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanCommittedSalesPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i678fff1b0ab7458db531039d0f9b3d28_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanCommittedSalesPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i8bfebd39ebf74475946be66d85fdf4c8_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanCommittedSalesPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iddb67c4cfb9b456ab539bb8767f2e1a5_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i29fdfd2c858c4bda906eec4fd4c96fb6_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="idec18207f874420fbfb5e9e36e7165d7_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i1c8d373b310b467ea1cdc991c0bec57d_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i8a62f83a22d341ff8b06826b382575e3_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:SeniorCreditSpreadMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iae8924b817a84204ad9675d14e756fa8_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:SeniorCreditSpreadMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i418060995dbb47188dae861fee9eb5e8_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:SeniorCreditSpreadMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i9962ebf7845f400b82c2ccb33d6b6639_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputSubordinateCreditSpreadMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i51ef20c02f424ad493e25f1dc5e8450c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputSubordinateCreditSpreadMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i17192ee05247424cb8b5813a1862eace_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputSubordinateCreditSpreadMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7e4dd59b244445ccbea49b26bcbcba5c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:SeniorCreditSupportMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i684823efbdb2469b9c2e1dbc3dfe28eb_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:SeniorCreditSupportMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iecd6f97fd78b477ca11e1bd32b36faff_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:SeniorCreditSupportMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i03d29512e8fb486ea37c82a19a36cccd_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputISODiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i020799ab96b94e0aa3aac3a4832b5e54_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputISODiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ic6d0acd4f7784cbaac020cbfba22d7f9_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputISODiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="icff1167759144b98a0a8e5cbb52c4d7e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i8192c5448cb54790b3122af2590299da_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i490086439f054bf88407d7f7f68cac58_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ifcd0600cbfe840c7a1b12f8e47f41296_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputNonSecuritizableLoanDollarPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i868b4bb6ebe748ef870df6604f310630_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputNonSecuritizableLoanDollarPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i397d263a8f764353863c46d708355ebc_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyBusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputNonSecuritizableLoanDollarPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ie4fbd53d51ae4d3da6d11bac17706b9d_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="id912454a936643afab07a01fabc14d9b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7c6e31a9247b4e8794e291cdb22d1d70_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i0226f25d64af423a908e4e1305030b0e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i5ca34874202c47e685ab6631b5cdd6a7_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i82ab6b4223b44ae0a81344a41f1476ff_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i4567e7c1ff584831a73e3d96b7bdb140_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i92e3784a2fde42c2ae02c1f22a15df82_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i78614cf4472344a285dd0b71b2ae61ff_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i143f9c522ab347f1bbabc31229c62cf8_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i5d785b8f6d1f473cb72541c54dd839bd_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3c5d08a512fb4472aa074948714c6701_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ic126ef854e284adf8b73200e75c0c0e1_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="idff4a4744f924459a5672bbe8e08c7c8_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i69b5ca172a5f40839ffd983d2b26503e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i2ae6e3329b274b48a1ecf047f2cacb54_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i699aa63924d54fa597ab071bf67a48f0_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i8e1283db113d4630bd2f571c19c4116b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iac78202e18c24ed79f3b0c1c41cdfde4_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ib24b86f2b4454f56806465dff653dad6_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputCRTDollarPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ic2d48f3c9a144b5f965119a0306f2940_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputCRTDollarPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i45efa44df7504bc6a7e1c5def2a597aa_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:InvestmentSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputCRTDollarPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i215dd190deea459583e7e29a448045f2_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i44d7b4c63b15424f9097781c0e7ec02d_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3dae92249c6d4eeababe9ceaa9cc95a8_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i8ec7951f03914b30980f2098b809e5ec_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ie7730bfa91fb4b05920ea6819706215e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3815dbd2c42c46ddb7cb7a462154cf19_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i57ac027037d54bbf8a68d12f5031b907_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i5d1efaca097c447d96e09ede5c8eaff6_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="id76db041723648ccba8adfd0332fc782_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ServicerAdvanceInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i2f0a006c820d420891b5263b7f55044d_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputMortgageServicingIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i968f1888201d4e76986fc5c083e9cbf7_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputMortgageServicingIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i2d2db33889bc4949a597babdc29e878f_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputMortgageServicingIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i0a1094e2805646d4b70fbae0c6d12812_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ibefabf92a45140b583e6903e20ceb90a_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i8e985582b19042e9b0a9fdb29f44a7d0_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i6214548988654f8f8fb7e3b28229153b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i6053e3732a8040fc9a6a8d4077c5bfd1_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ib31a96f073fa4e9d8d7f45391c18de8c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia7f5faca14884778bf9e05a519edf4e5_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputPerLoanAnnualCostToServiceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i95ff9c378bbd4d64bf5eec8913aca1bf_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputPerLoanAnnualCostToServiceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i50e08af1537d41229805777dfc5725bf_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputPerLoanAnnualCostToServiceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i4d0eea414bb54b489fb2911b083ef258_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i6c5a6067b08a4d14a278b24422fb5992_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i138a9816039c442f906fd29a3900c79e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="if21a348b2949475f984a6877eb1cfe04_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i53205fa8204540f9aa956681d9589673_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ie8bd3b79ccd8405a807b0eed61b7dfab_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="id3b7b86ea6ea4cc1bc6d1811f662ed42_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputExcessMortgageServicingAmountMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i8c3ce7463dff4cc088969a83401004b7_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputExcessMortgageServicingAmountMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia1ae828c392744de9860f2cd85f127c7_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputExcessMortgageServicingAmountMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ida922bf88c444fd3b07c1378f2051fda_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7732371e1f3342d092c8f846ffe748b7_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i9213504683e840bfa33ca45408a91e8c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="id83c1c99c05c4df2801c3d95180d76d1_I20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-03-31</instant>
        </period>
    </context>
    <context id="i3b03111b8a864af187a582358d1b7cbd_I20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-03-31</instant>
        </period>
    </context>
    <context id="i10adb3b5859548198bc0babc16a059c4_I20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-03-31</instant>
        </period>
    </context>
    <context id="ibcef6a9069984d4f9ceb53b1374930ca_I20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputHomePriceAppreciationMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-03-31</instant>
        </period>
    </context>
    <context id="ief4dfcfff1ac499fa7b87d31e9eed9a6_I20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputHomePriceAppreciationMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-03-31</instant>
        </period>
    </context>
    <context id="i5a054cdbec364536ae0c31e23cc4a77a_I20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputHomePriceAppreciationMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-03-31</instant>
        </period>
    </context>
    <context id="ie9e2431273f2441883c2a904844710e6_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i86ae115dc2114fc9b494660e928c1db5_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ie4fa64084a1e4850a2118666dcd30fc2_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3ea305994bed4986a38198bf6598a414_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:OtherRealEstateOwnedMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ic28a18ea6fe74c08807287a6d10870e7_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i69ece40963d844bc9ed5e46082474b26_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputCommittedSalesPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ice05681b595f4abeaad4e319e0ddec41_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputCommittedSalesPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="id824f289f5854d9982e9c8b768daf87b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputCommittedSalesPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i626549e91c814b36900ace37b88df775_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputPullthroughRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i42c9cf240d1540da845a07ceb8fd0179_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputPullthroughRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i79c96b5891f3499293f790c18fd45382_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputPullthroughRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="if82680b8eb4c4a97a6df10fb75845ca6_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:WholeLoanSpreadToTBAPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7112ee23e6e0446d8b93b4f26581fe56_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:WholeLoanSpreadToTBAPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ic12e10fec58540c09080d2b66c9bfe59_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:WholeLoanSpreadToTBAPriceMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="idf8f33b191f04c058836ffbcf28be1ae_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanSpreadToSwapRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i26d46ecdd68e49ffb164dbada15f3c58_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanSpreadToSwapRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i2b9942a55eb84be68da93df7931969ee_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MeasurementInputWholeLoanSpreadToSwapRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i6c3fd2b941a14426bea30014e994d5d9_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i9fd5a2aa9f144a339872e9468900b690_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i62bcd27fea224f64b8785ee87e0cc89b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia20e4788e83845e3a57acfaf595afa63_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MSRMultipleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i088f6cc404364382b8d1f40f09c6bea9_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MSRMultipleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia19026e6cad04e12aa38ed2b2ece068e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">rwt:MSRMultipleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ib56752672d8e4f2b814e37b33e12b4d0_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="icc6d718df1144507ace50bf74fe3515f_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="icddbf733ee254c36a4fad6d5a2a5bb2f_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7d0d561ca8e246ebbe514f51fcd08955_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i8fc32305fc8348c5b4feb4b8c72749fe_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i73be6b5881ca4ec0b40fd17fed932507_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="idd24fb4d10504b42a5a5698dfb61c3cb_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="idf4baaa9b6a647aab31b3beac9787fd2_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i43d2a1eacd3d4b089549442c45c3e488_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="idf943e051b434fabae25951311db0f73_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i4c50b95486034024b5f964819219e06c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i83c1e13f88a74c0fb18eb402f0e98058_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="idf7eed3315d04cc3ae29073ea291236c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:ABSIssuedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="if532c95c599b4ebfa8cdf5a3a90869cc_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i0f5beeef6664451eb5f5f9e98c80d849_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i0634924bbc4c451da3dc2016f4fc3399_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i86b1f57b7cca41d789bfe5a753f08db9_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia5dafa8594d84c7aa3c291185ac1194f_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i79da4495db5f49e68548a53d2584eef4_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ida5377ba9926497faa4dff45f300b2a4_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ibbe9c349f1ac4876b536baf1749dac72_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i1d2cdd046eda42faa69bc22273446d63_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i8ddf612d08394ea1bfb26b41c0fe448a_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i5ac9e0b6ed574cfb821956a727b08c08_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7b293504a2de4d6fa3ea7e1b84f1ba68_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ic1b869ac33654db1afaffc64951b5be9_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i2fc011be0b57456e80f0e8068e8e2e34_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i036ad4465f95491bbdb0a7a033eeab31_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i021cbbe0a5234298aa27a08a2d76618d_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia730b20a8c4e453fb6d73676544adcf7_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i80dd805bbce04f24ae22780ed278cb82_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i2069819a7e9c4679a8c670bae4d3c646_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ib361b839a722473abb758ef34541830a_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i499ed350efbb4176be0a5d4ac19b775c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDiscountRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i57b2d81a7c9e4cf68c6ce2be2a8779e3_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iae569abba44e4142ae30455c462f8da7_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ie14cc4e439214a81a4664058bf9eb066_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputPrepaymentRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i6def34246e5547f5aa7c02862067a1ea_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i5e6dc7582f5d4f3f9d89ee24d2655fdd_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ic06b99e1db364104b6f9067fbd70d81a_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputDefaultRateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ib3a3be262f534043bab22d3ee12951b4_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i6ffda7563a964e9a93eedcc659cf8f9a_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3f40db9fad644b7598fc1b3de453fc3d_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:WeightedAverageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:MeasurementInputTypeAxis">us-gaap:MeasurementInputLossSeverityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i01bd1f77c36e4c158ddb8b15b2b48e65_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i26911f6bd02746578dcc1a41ceeab31d_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i59be8572baec4ad981ab5c83f467dc08_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="id634a1908a9c4be6bd419cf52d2f5c53_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ida3695e597ef49b2b0f03600850bfb07_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iac200068aeae4b45bc68c56360991753_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i65d7c65b0b2643aa886778e09b8a5f2f_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i250a914452c44809a118dfe1c15d600b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3439299c27d84ef79b1b6a56543df606_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="if22aeaf6ee9c40de9c64779ea2603205_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i0f6c2c5fb2f447dc9bf32a3a5b833837_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i70c788ceeee04846a8f45111e0c41186_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="idbbe09ca4132473aa18b9f811ac6f94e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i13637f7b41c741868bc4ceb6dd2c81ab_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i70c1b18111ac4305862dcc8f898aef60_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i659f476eec6b4cfebd18ec6fb5689cdd_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i8a32e4d62e4447c28746f43de57acc4d_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i9039e579bf5642038e775e11374545bb_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ie2148c507a65460a8e173a07264e6735_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ie6dfdf83ee504c69837c61a1abb8f40f_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i232e838556004786bb161053459bd51f_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i3dba938b4e574d7a9d3736579d07cce3_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i46ccd50204a74c359de4a4ea82b4f02f_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i44636a70247740e6be1ff23ee1a70169_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ifd60f2a8f8b64bee936752a04345b731_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ice1ac5e76a88414fab7004b211b6151c_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i2b7d4cb40e0449cab4fc187e6b879c6c_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i99437f6b03c643939a24b409f3724aab_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i25d50b188e6e4020b99b6bad90488510_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i6b2328769bf5444386d398260f28caea_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i98379a33ecdf4146976d07a4767e009e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i5321e500999142f182e3b0f98ac7704c_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i70d4502da0bf4f5a855333567bcec51e_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i0864849c8b7e4c94abb4a4d6c31f1fb6_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i87fe4a443bf148e8bf460a7e1558d929_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="id60d9ce8bf2742c2a1597537b3abb3ff_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i50e5dce3348c4f51b322e5f5e83c22a0_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i5d58ee0063db4ef2b0c8f7300acebb87_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i98beae0e2a4649729def4fdbe75f2be2_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ife388ac3ec61404ea54f4e2694cccee4_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i3a142e9687c4408f98082e8c7fd8b3f1_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ieb1d4aa96e754efba36ba933da9a64a3_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i59eb03da272b436a87fa9f1eec596227_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iaed4a2b4221d476a825b09bdf33666c8_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iae63d2ab4a064ea0b659958479dc2740_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ieccec5c3d03a4d6b954ae93a246d57a4_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="if3c9531fb4024e51af7d999c803d3e44_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i68868dc632874a14951ee96ccf3cb4ed_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i01b4c67e78eb45bc8677a23f09aa86a6_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i6333f39dde0a48248bc4a9d752f5e85f_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="if6d89635a7e94ecdb4cbfaef40c3371d_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ic1c14aa12f3a4ca8b4e68d8694a4c2b4_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i59099de613fb4d4aa04e25ed836502b2_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ic6c9d0e860c54a2b83ede64fcb74f118_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i4fa339dea1cc41b996eefbff5c24960a_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i734b61a58b3f41f5a8139167c708092f_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i78fe91af77b144e4bc573980e5852e9e_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i558624f48a82443c814b3399ac061e28_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i645656ae5ca04dcba612b5b3f91b16a1_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="id6b398c71de54a588f8e1f6889bc9e9f_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i308d6123762a4450bf175be44d6c9257_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="ic1e45b89f61a4c5295fb9bc764e6ef59_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i759f327f23f74c10b5a30fca56289a64_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i992fd8d9be384c5fa3f9b107d5221d13_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CoreVestAmericanFinanceLenderLLCMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i71b61d22a72148a0ab87e1bf45f9b54f_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeHeldForSaleAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i5ca0067cca804f30a06ec54cf495f35d_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:LoansHeldForSaleAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i2ee9094e622c4bb8a01ff600377a9345_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i1b4edb523d2a468096bc7b9fea209b7d_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CoreVestAmericanFinanceLenderLLCMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i6a736d8854504a0dbe7318bcbfa207b4_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3c35b4a360274fbdbce58eb94cee9543_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:LoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i646a2cf470584339a776f84648c7de58_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia4571622537a4ccfa661cb86c8c92941_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CoreVestAmericanFinanceLenderLLCMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="if86deb59fe454b5087f2efd211efade7_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i47f56227cec14841b1dee37c694a375f_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i700224b5170c49a8a52e2e792d73b9d8_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i9fdf4d7f715248299f1757d9b8a8093e_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CoreVestAmericanFinanceLenderLLCMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i83ba52d316374e0fa85630be9139300b_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeHeldForSaleAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i45bd2c20abfc462fa0d077d0447ab22a_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:LoansHeldForSaleAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i5a00bc1b4e9844c3aedeaaa90f9f22c5_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="if1cbfbe425c74f42b3b60d81e66f4721_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CoreVestAmericanFinanceLenderLLCMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i1ac99c4716bf4be2bbbe04cf3ffe9e8a_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i99944888047f4bcca142e6a2560d335c_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:LoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i69544bc4880b4709b512957c026644d1_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i657db069c0b246c2b0715d47badf1ac2_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CoreVestAmericanFinanceLenderLLCMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i598e2ed93d2f438faf84fa7f9554cc45_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ie5dc67319fb045999b8d33a29fe88fe6_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="id9091cc798ec40a9a8d0abd57cb6c6c1_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i7a06d8ef9df648c1ba3ca1f5d9912977_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ie2bebceaa66b45868c3d330d1f574056_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i1bb74b7fc6dd44199c6a4ee431a38f2c_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="id1827563ba8f4411b9a53f0726b7114f_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i65144986f02c4b3a9f1d500daf01c1c3_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i52d7c3a818d84295b506bd8874bc127d_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i62bf6fa33590429a85700810edb20f68_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i5769de8210e6473094d2c9ac65477852_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ia44242cc91994521a9b4d6199cf47431_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i027f3bd94e094eaebea6cb74a83e2434_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3dae746fdc754f95bb37cd5c9e30aefb_I20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-03-31</instant>
        </period>
    </context>
    <context id="i4991c3886bcb49e9ba0cc754a89e56af_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="id016fee5f6ed4ea39a7339ec48de0db3_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i0ec5f1170e944de3a6fd9ed3c1ba640e_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i84c3bd03dfae40e2941e3015ba95227d_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialBridgeLoansHeldForInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="if9aa2742c3094fdcb28cf58e3e552800_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:OtherCommitmentsAxis">rwt:CommitmentToFundResidentialBridgeLoanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="idfa2895dc5fd490788914aa70e9df4d3_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i8841d1c35b5941129e927ca5347c82e5_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i4f85fbc5e6214b4387c1ac57cf698861_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i492243a7716f4d4fa894f471591d7f5c_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ib29ffcccbd3d40cb9a6d3108ddcd9062_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i504a906c103343dab5bbfc166ac64011_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ibca8159304e94b969468cf46289a3001_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iff568bac27b748dda1ed15b04d4ef8db_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:LoansPledgedAsCollateralShortTermDebtMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i73bc7d912e5d46df8ae484491bea4513_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:LoansPledgedAsCollateralShortTermDebtMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ie4ad90a0117047d290b65b6aace0f1e8_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:LoansPledgedAsCollateralLongTermDebtMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i6a1b962f7b32448faf0ddb1903b37f22_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:LoansPledgedAsCollateralLongTermDebtMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="icb163bf62a314d2888278e1145d40a15_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ifc3f1eaa49474916a02c459024768293_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i98eef0a058c943609e3559a735e76e58_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i72655b57c425465da718bdb2f6183a27_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i929788c4ede64530b2427c9b3a12a79a_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="ibcf477e566a64b1ba4a3d2b8df497519_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i7ad6037d564a4ee2b57d132e9cbb8e26_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i2cea81bdfda14814ab5e4c7fbbcdb3e6_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="iebbdb11da281433fb1664cf80991141b_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="iae9b973f96ef4677bb359a4c156a9c3a_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:LoansPledgedAsCollateralShortTermDebtMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i11156c8ad810432a9ccd33592d0e9219_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:LoansPledgedAsCollateralShortTermDebtMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i081e92dcf4c34922aada903500073b34_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:LoansPledgedAsCollateralLongTermDebtMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i040d58fcfa4d444fb048d24030cb504f_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:LoansPledgedAsCollateralLongTermDebtMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="iaa4b46b9f47047a793b26cb3b2e9074c_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForSaleMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i25bf69d82ffa40c8bb7622709ff706e0_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i854d5bb7d03a4b9288b07561a48f731e_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeBridgeLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i90e33127c0584ae9a929b38116f475d1_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i17c00bbc0d6d444a85b6f4ea447c35b7_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i258d738321df44be85dc4dffa20da8cf_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7f338722ac60493c871ea336fcdd75a7_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i398ba31d834940e8b89e1b8955f5fb25_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i82f27914fb814a928e04eacc5d5184dc_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">rwt:RedwoodTrustInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i898b10084a474e908eea70879fb991af_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i5c34befa77754c9c81bfbe01f6427164_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForInvestmentAtFairValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="ifa125fa7982b41c6a0f84d85e202a003_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:InterestOnlySeniorTradingSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3bc70ceab2be406ca3967b0d16134e6e_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:InterestOnlySeniorTradingSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i163568cdc6d8470b925904fdd2d48760_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i10fc64439ad54fa2911816b2ad988d2c_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i676a6293c98647e2a109ae47dc1d9af6_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SequoiaSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeMezzanineMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i497ed11c483842a89ca5aab9ff3bfd90_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SequoiaSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeMezzanineMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i24ba3e546daa4b11ad0d46521186bd9d_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeMezzanineMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i34f4903af04441ffa61dd0a495e84f33_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeMezzanineMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i1d0f02cd624145a6ab3b9152598c5991_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RepreformingLoansSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ice150911e82a42c6b2a42b17c82d4757_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RepreformingLoansSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ic67c1f6ddb7943d39d3439c7594c8338_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i63940858be88458c8de85b82b7a58cb6_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ibd2177829f2449bdaaef16308a9f09d8_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:OtherThirdPartySecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i47f33d28635445c5a3696fcce771a9d1_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:OtherThirdPartySecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ib52307d397bc4c12b59cdeaa48728bce_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i1459dc70790d4680b659614fef5cbba2_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i92fce1e8be4a40e3ae33e07c1d1da8f1_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:InterestOnlySeniorTradingSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i2a987fc08b724bc195636b4a2b789b45_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:InterestOnlySeniorTradingSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SeniorSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i6bfbf5123f75499d8e0a8f1f8c13ca08_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:OtherThirdPartySecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeMezzanineMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3b6a6fe53c1447f4ae3ec62037436186_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:OtherThirdPartySecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeMezzanineMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i2e7e1af524744d54be912674de5931df_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SequoiaSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i268587586c3b475ba5b74f369cd77541_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SequoiaSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:RealEstateSecuritiesPrimeSubordinateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageBackedSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i74c1aa9ef373459083200de520cff7ba_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3d5db6b065a04c388079adccfbf780e3_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i51ab6e842d5f422ab735aaae63348ae1_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageBackedSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">us-gaap:ResidentialMortgageBackedSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="if3ccfedda0d54ae29b4e123525890e53_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SubordinateSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i9eb230ce25c145ffafc6c6561f2a0dff_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:OptionIndexedToIssuersEquityEquityAxis">us-gaap:PutOptionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i2488422422de47768c8f7f0808959cd1_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:OptionIndexedToIssuersEquityEquityAxis">us-gaap:PutOptionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i05ea2de99c5f4668b0c80940bd3210c6_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:OptionIndexedToIssuersEquityEquityAxis">us-gaap:CallOptionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i31c413a7dd3f40588bb0a4f91abd5e9a_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:OptionIndexedToIssuersEquityEquityAxis">us-gaap:CallOptionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i3f4447d1c83f4d6990c291b68bdf9e7c_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i7aefe6e790d444a78a91c8bc3ccad40f_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i9301a423edd04d04b1a3aab6b60b06ae_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i335140464d63478c92671cedf0cfda09_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i99ca24858cd24f648b0dfc2d4f884d89_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:OtherNotesReceivableMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iec0db3f777374e939933b6a772c21a89_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:OtherNotesReceivableMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i2bce8ddeacf34f0ab08ac9d6c5579bf2_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i17ad0ca0a06a4336840160254e1a8d4c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7cf19d9a380949b0ac3aaa6e614d7f46_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i1062613a9b8c462e8d4272b114900bee_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i1097673fa66e4d999d44dde0c8f9aeb1_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i4d12c616a26c4a2d9e1cd4b063ba944a_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ic68c91a5eae241698e7cd378e2fadb81_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:OtherCommitmentsAxis">rwt:CommitmentToFundInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i88f71b3f18ce4a86b02d127d7dd5f9b6_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:HomeAppreciationOptionMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:OtherCommitmentsAxis">rwt:CommitmentToFundInvestmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i3c32314e3e294d00ac090edbec12a80b_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i77ef565de4f94a5d9d3e01021c8c9df1_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ExcessMortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i70a6bdf2328f482e899bda7a7addc990_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i7eabf311b3404af7832511ae53127279_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageServicingRightsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i1061f6a518b74c72b548c413a1a53ca0_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateSwapMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ib2b4b1d9c5574865bb3dea4a20c1eeaa_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateSwapMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i936306e457da4b43999cfb62bbf40472_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">rwt:ToBeAnnouncedContractsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iae6bad39ece6496484c3e037e3cee2fc_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">rwt:ToBeAnnouncedContractsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i9fdae65f3ea54a778897bd10c378ffb6_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateSwaptionMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i85049c0c5a6a4724921cda78117a30ac_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateSwaptionMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i5cb3ebb1d01f48cd97e37f416705d799_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iccca247b6e694afa86f87d16f14b3d71_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:DerivativeFinancialInstrumentsAssetsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i5c6e1f4d01054cafa74d380496384bf7_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateSwapMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i863031437f7e41fc893353f3f7936f8b_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateSwapMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ia0b4c613786747fc9de65181f0e46083_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">rwt:ToBeAnnouncedContractsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i01d4d30f373e427780dc0b4a7f55b107_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">rwt:ToBeAnnouncedContractsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i2fae7c1ae4404e3395002d54290f60eb_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:FutureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ic56c538c8a8e43dba3bfda9d5c6ce18f_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:FutureMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i031b0f89be4a485caf96234d750a70c4_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i2ed58e32883a4d7bb64206e045319d38_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:LoanPurchaseCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i09a5197ce99f4e05be97288e797bf647_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i96fbe696be56461d8dcb14630c142dac_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByLiabilityClassAxis">us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i845a651af270402f89f5852e32457408_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateContractMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i82f4b9c00cc24eaca40b42ae1c949131_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">rwt:ToBeAnnouncedContractsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i12cf0f8fd8c74174a9b9a2e84d449651_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:FutureMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i6ca630e4913242238f2a52ab81412d3a_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateContractMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i0c7a96df7d6c4b22937fa6cbbcc5844e_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">rwt:ToBeAnnouncedContractsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i3f3b84def10c44849d4f5d16dac577e6_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">rwt:ResidentialAndCommercialLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i500cb2af47324e7d992e552d9f0835dd_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">rwt:ResidentialAndCommercialLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i5ade26e016a943fcb7b8581e7e6f7e4d_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i807349fc66124a43a885a4940b611724_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:MortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i173069d105e04f7bba731b5bcbb8a6d2_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateSwapMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentsGainLossByHedgingRelationshipAxis">us-gaap:CashFlowHedgingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i6876d6a4aa4c448f8b435a69861cb2da_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia02f8bcc6d214fb18115066f4a540b51_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ie8d5b97677a7449fbf1b1a8a65552cf0_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">us-gaap:InterestExpenseMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i7bb4fe2bd89545ac97b4f348a8f610cd_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateSwapMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentsGainLossByHedgingRelationshipAxis">us-gaap:CashFlowHedgingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i592085d52ce74349be13ac49886564a4_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateContractMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentsGainLossByHedgingRelationshipAxis">us-gaap:CashFlowHedgingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i93e62e9d085d47009031b586869a9a73_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateContractMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentsGainLossByHedgingRelationshipAxis">us-gaap:CashFlowHedgingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i98092e27a19543389c90f573c6968712_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:BridgeLoanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="iea1068e546f04912b572cb43b92fcf2b_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ifb0e7eae411240568f17998722c44b16_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i20a5d16647294933b875c5b0a773a3e3_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i069f06ca33ba4c358f08d41bf8bf6813_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:BridgeLoanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i5bf7d2c43ff34fb6876ff66ed4de0df2_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ie42d37285e724465b4459dd904997e82_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="iecb9e4bb611941cea89bf4299a4726a3_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i2958cc03738f48d2a1eb431b9629817e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:BridgeLoanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i771e5befde524fbc88c2293bc358afa9_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia8d57cf3bfb84a499f6d9c92669033ee_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia17c0de8f1d44ea094a1e171b3f19711_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia9f73043c9e94ae7b27003e766e53bb8_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialLoanWarehouseMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ia8b45feee21a473caa69936a8cdfeb16_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialLoanWarehouseMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i8db4db0fd8b744d4bb3321992e0f902c_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoanWarehouseFacilitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i6ffd4857f85440afa0a284ed23406060_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoanWarehouseFacilitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i03f8c314defc43e394b642d3d9447ede_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesRepoMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i16501a1ddb2e470d9252f70cf0ff6ffe_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesRepoMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i5f0633799e684b9caa13b5cf327093f3_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ia43810ecb4814dfdb51727eef760ddcf_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i28db743f036346c8b3e261874ea54c69_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ic8aee2b0ca644fc7a048baf04d01762f_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i6dec8b91139641398d58c641e005c944_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialLoanWarehouseMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="ibf7a2f21c68f47c2b9d4533028ecca17_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialLoanWarehouseMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i165357a3af1b4e889fdbcc8712be25a1_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoanWarehouseFacilitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="idfec88cc598346d7b86f7f2c60d3e9e4_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SingleFamilyRentalLoanWarehouseFacilitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i126060c464f44f83aa01b7b6b649d124_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesRepoMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="iacb3041a746c4c6bafa32dc5e51008cf_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesRepoMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i79ae9a48a64f4676b488b1e0abf75e6e_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i4255791bdb9f43d6b5eead494efb6e4c_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i04266052ec5e42aa9a2f8baec7852699_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i28e8453c5c2b43c5b3d9b6aaaabdbbc7_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i19473de808124d1089382119073c12e0_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i533a836792b343b88bfe29836076ae8f_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansHeldForSaleMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i44601d0c42c243da8341d91b7d40c1b5_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="idda1a11084c643638084a5460f64b932_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i66ce44f2248d41c7b98399860d7d0466_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesOnBalanceSheetMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="id578750521044656a9445ef3628c80a0_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesOnBalanceSheetMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i0835f2be609d4cdb9e4990235edcdda9_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:ShortTermBorrowingAgreementMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SequoiaSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ib5ac6a7aee5843bd9a4269e0655dc6fa_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:ShortTermBorrowingAgreementMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SequoiaSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i9e40d1d600dd4c028de213f181c242b6_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:ShortTermBorrowingAgreementMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SequoiaSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i77bd7942ec824d8f849a74e0c4e59664_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:ShortTermBorrowingAgreementMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:SequoiaSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i4d47feb4875240099f8dfb49bcce80ac_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityUpTo30DaysMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialLoanWarehouseMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ic71992f105d94499813141a1797e4135_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:Maturity30To90DaysMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialLoanWarehouseMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i6722a519fb4149eb9fc17aee7affa8f5_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityOver90DaysMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:ResidentialLoanWarehouseMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i204e8a8914c740268bd5345279f02f5b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityUpTo30DaysMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="if20f917400db40719d651fa20b023411_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:Maturity30To90DaysMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i711b39c118a84c1a977efb93db078afe_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityOver90DaysMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i5837647120084c96b54df3f5d905156b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="idf3482c029ad48f1ba0760acf7f75b94_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityUpTo30DaysMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i11d91a3b3c3b4d37be0325dff092ab50_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:Maturity30To90DaysMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ie7eadc17d2e940879311b35092763743_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityOver90DaysMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i1257813a51f642b3bfaa11ea96a66862_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancialInstrumentAxis">rwt:RealEstateSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i994ba2e6bb42435dbf31691dce2f1ee9_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityUpTo30DaysMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i8959eb5ac0484ef9b167d9aeb2c07380_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:Maturity30To90DaysMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7d4455cdce8c4cd1ab7a2cd18b68ef0e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityOver90DaysMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ifb0ce1c9f3024099b2a35d71885ad4e6_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityUpTo30DaysMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia4c734f5e49446c1825feabdc91f9c23_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:Maturity30To90DaysMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i353bfb4b1d76415787b22c1846da781e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityOver90DaysMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">rwt:ServicerAdvanceFinancingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i2e2a720daea4424981a9a3bfc0a9266e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityUpTo30DaysMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="idb4256a033f94d7d9550acd78c5210b1_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:Maturity30To90DaysMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7f6787149f044de881ddb33f0e9b6af6_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis">us-gaap:MaturityOver90DaysMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i343f7d58b5ad4b2b808242ccfd164ba0_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i8e55d2d99438429784b19040fac15722_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i7bbdc1122ecc42e998cd7aade3b78f6f_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ic3375d4d9fc24faca889b9e97fc56f03_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3e7649e538bc4534899ef0a37e93c0f8_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i4fcaa88a628c47e18af9a8f1ebb9c9df_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia298df1f5eb24d01bf5d5179d1c6dd21_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ib3e2eebe59844154897ccb2c89f1e870_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i89e6e980d2974dd1ad63615c8a771717_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="id5698b005441481cbe37aabd9e5912c0_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i08bc1212f5ae4bda903bdc00c893a8ca_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i91262a862d254b669648b46a27fa93db_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i99b079e5df474ed3aefd33e66b8a832b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i8f7582982db3482e90cf5a6ad7ca2ef0_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i6353a41b3d3b44248cf21bee3727ea0c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="idd05697cfc8840feb106dff69f7b39a9_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i178b674a7b0f4010ac2626e0724699c1_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i336310d3ba2b456798e14b004488144e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="idac42044d3f5460db22f7f324f6f4afa_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i83765ccfaa63470e9adfa1a1a4c41653_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i9fa4365cd6124c6d80e4967c00c52a68_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ib9e18e15791a4d9d858da79f678e2f2a_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i0a8dd1ec8b984c028b224dbf313ed9c4_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i86c7bc80ef72497ca7684259fbce39c4_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i2f31bd7aea764b4cba2224ca112d8331_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i1eabde6187c74d47b32bbd3c81250e87_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i823e856234444a5c885541af33fe4b2d_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="icb58741c85c141dc8d087a5608d6d259_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i1fc447ccda8f420e8cd1aa92bf843148_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i1fb5343d10bb45889e495d259b434e7f_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i00297fd961184b23863a50459da1915d_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i20b3881c544a4b5495d935cc0284ff29_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="id246c539784f415889de07660977d2d4_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="iefb27b006e0a4b33a70fc3300f76c3e0_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="idaab7b2c733f454dbf69c335057583aa_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i47b6d063124b43b2ac3bad735d912a1e_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i1867dd1e8485469587114fca342813fa_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ice403268c64643f182aae32f1fcff74f_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:CertificatesWithPrincipalValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i83c9b87fe71d4fa5aacd0fff1ca680b1_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i368283ff740c44bca02b0f259c775246_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i7a7eafddff4841f9b3de75b4e858a429_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ibafd858111a7432ab78fcf2283c769a3_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i257cad66e02d46c8840e2598bf5ec9a4_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ia05d2f41facc43a9bc880a8b2313ea2d_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:InterestOnlyCertificatesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i8a678b51dcc349a9b535003a9b71e953_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ia3cad48bf0be4fc89061caa95415c317_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i434f6d5db10e4280bd39413ea56586ca_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i36ba6ec2e97b455a81ecc817a0203c2c_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ib0d78f56f22047c7af0316db8f2e9bd3_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i146bfa3473ed4df7b6067d1531a56123_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RestatementAxis">srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ie371ebaaef364381bf1d281485d6793a_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i829b960661dd4c4a81d693a25e797e45_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i9f0f684eae964615956941af98e6609e_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i8cf07be64156434bbfacc202a44a4670_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ida9eb2a35efc47b0a763606c59aacf5a_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i9b1481a9712f45f2801d9389bf725476_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i918d417a8dc64a7c9e8e03526119bd17_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i5bc5270698674b98a813d38246cbae2a_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i45e6fed0bb424620acc983323f75e44d_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i07ec906036694c21aabebef9b9208dec_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i805f69bd34894fe69005c8c7636af018_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i32fa85ced173410fbb89bbc9ef892b58_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i2496c7c0d3654d428267cb5bdb50404d_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="iaaf0db89eebe4033b74a67b3efbc85ed_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i03712078428c475f8fc0110505c7a4f2_D20200701-20200930">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-07-01</startDate>
            <endDate>2020-09-30</endDate>
        </period>
    </context>
    <context id="id31650bd3b1840e689e3349256df2f82_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidatedEntitiesAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3f01ca858c3a4b68a2c19db79a23bdb8_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentSecondaryCategorizationAxis">rwt:MaturityOverFiveYearsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i319d3de6ae3340a8be17142dc237d09c_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="if6301c69034e40ca8f4cecff839005d5_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:LegacySequoiaSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="if6ec67aedd064533987f11058127e7e7_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i9a9df435e673431abb8475f1918f7f2f_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:AssetBackedSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:SequoiaChoiceSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i7fbf26df421c43b391233b7d2e20bd98_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i157c65db71bc4c1183cc11b32971fb38_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacSLSTSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="i6173f2afb44a43e8bf7bd2470c738b6d_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i83b33336edeb4a40a719d5f77f86a089_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:FreddieMacKSeriesSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="id179c307c0724c3286c6bc08afb5abac_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">rwt:CAFLSecuritizationEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="ia7b73769c0b148a7ba444b2b57d4375d_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="ifdc87faa43a94909847b331ec2e83b4c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonMarginableDebtRepurchaseAgreementOneMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">rwt:RecourseSubordinateSecuritiesFinancingFacilitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">srt:AffiliatedEntityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i9d40f030492743e688ad2f9a9807a262_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonMarginableDebtRepurchaseAgreementTwoMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">rwt:RecourseSubordinateSecuritiesFinancingFacilitiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">srt:AffiliatedEntityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i8b112afb281f4cf48c7830b8e8646cc9_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonRecourseBusinessPurposeLoanFinancingFacilityOneMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia217e2c3fa5045dab4f2dabbaa03784e_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonRecourseBusinessPurposeLoanFinancingFacilityOneMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:VariableRateAxis">us-gaap:LondonInterbankOfferedRateLIBORMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i19b11a0ae77e45ceb8599d6374e77a6c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i0057038eff014673a47aa7cb6d77290f_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:VariableRateAxis">us-gaap:LondonInterbankOfferedRateLIBORMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="iea07d23b57c9416f8a78ba5cf8c0019e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i00639a84422642a59459bfaff01d033b_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:VariableRateAxis">us-gaap:LondonInterbankOfferedRateLIBORMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i15023d89c80640acb5639e9e48d73ca0_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:RecourseBusinessPurposeLoanFinancingFacilityMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="if77fe41af4d14cfba24cc4e6cbf44a6e_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:RecourseBusinessPurposeLoanFinancingFacilityMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:VariableRateAxis">us-gaap:LondonInterbankOfferedRateLIBORMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ief15bf08d2354976b3e6e487a072ed3c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="iaf171a3f147343738349f10c85ba4f15_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:FHLBCBorrowingsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i350e085ea09741d4b382d1156808f3ee_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:SeniorNotesDue2023Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:ConvertibleDebtMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i60fc153076ce4377b68abc13755df135_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:SeniorNotesDue2024Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:ConvertibleDebtMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i24a86e1f495447bca1fc377c481dc366_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:ExchangeableSeniorNotesDue2025Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:ConvertibleDebtMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia86f633374a74ba185e8dd99c121a1ad_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">rwt:TrustPreferredSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i077693b737154d0aaa318cc6632457ef_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">rwt:TrustPreferredSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:VariableRateAxis">us-gaap:LondonInterbankOfferedRateLIBORMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="iea392b2ed4444379a39a9bc0e6ddb1fc_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:BridgeLoanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i9d0d3e3c16b0474a89e031abcd6555ba_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:BridgeLoanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ib0a9335fb558403092c9b4a664c344dc_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:ResidentialRealEstateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i18aa9cf9be69488a894bad1356f34d45_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:ResidentialRealEstateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i56cb2a7e93f642a49a0ea3133b156a98_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:CommercialRealEstateMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonMarginableDebtRepurchaseAgreementOneMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">srt:AffiliatedEntityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i144e4c0998a54e93b8ad724ba2afeee2_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:CommercialRealEstateMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonMarginableDebtRepurchaseAgreementOneMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">srt:AffiliatedEntityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i8583e8d1563f404980b98bb63c5e1d07_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:CommercialRealEstateMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonMarginableDebtRepurchaseAgreementTwoMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">srt:AffiliatedEntityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i8ede9ffecea243feb5e4c9e77253a45e_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:CommercialRealEstateMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:NonMarginableDebtRepurchaseAgreementTwoMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">srt:AffiliatedEntityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i176438d64e7d40d6a9586cc28372b12f_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:CommercialRealEstateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="if468df5d22f545a9b6d77c2267e2fb89_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">us-gaap:CommercialRealEstateMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="if001fbc3ca744bb79b533c4bb13f4b57_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">rwt:OtherBusinessPurposeLoanInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i9bced8a1692f4b1588e73f83d120aa0e_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">rwt:OtherBusinessPurposeLoanInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ie51aad2dcd7a438ea77c736a8e68d30b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">rwt:RestrictedCashMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="if79dfc696d13497c9f3c0d0c53e9e8fc_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:CollateralAxis">rwt:RestrictedCashMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i2057c175d6fa4f18a10210bd4ec5783b_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i1e7c10a99781455a89142cdbaa37ac48_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:SeniorNotesDue2023Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:ConvertibleDebtMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i80f12dd3b23d4acf8b7236c69d1e0405_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:SeniorNotesDue2024Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:ConvertibleDebtMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i8956a5726b4240a9acd183e52d9940f5_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">rwt:ExchangeableSeniorNotesDue2025Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:ConvertibleDebtMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i234ac9dd553d463f879a85cef8b74753_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">rwt:TrustPreferredSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i49938a3c873b49f78d04702480214f52_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:OtherCommitmentsAxis">rwt:CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i4b344d6fadc54ce091b554e8d0323d17_D20180101-20181231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
        </entity>
        <period>
            <startDate>2018-01-01</startDate>
            <endDate>2018-12-31</endDate>
        </period>
    </context>
    <context id="if479a91518e74bdc94d4cc988a8b396a_I20151231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:GuaranteeObligationsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2015-12-31</instant>
        </period>
    </context>
    <context id="i4fb4c56f7c874428a57865f04bc8d955_I20161231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:GuaranteeObligationsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2016-12-31</instant>
        </period>
    </context>
    <context id="iedcf78341f264b8980407c95bb7d636b_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:GuaranteeObligationsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i02ed6c89763c4cd79f5a5e1cf3561734_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">us-gaap:OtherIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i5da04f887893467da16c0f40c58175f3_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">us-gaap:OtherIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i8c2d51c083f6453ba8c8a26b6196daf0_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">rwt:MortgageBankingAndInvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i9b1ec784307f4701ae4999a37e7006a3_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">rwt:MortgageBankingAndInvestmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i332b3282f0164d19a1b004d1b93dabbe_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablesPeriodPastDueAxis">us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:GuaranteeObligationsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i04e6aeb68aba430784efa8ac214c6558_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:GuaranteeObligationsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ied690540783d49d3a572372126db7ad7_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:LitigationCaseAxis">rwt:ResidentialLoanSellerDemandsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i201206434436445e9032fc44632b185f_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ie30685bfc10c48b89229d33feffe9567_I20191231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2019-12-31</instant>
        </period>
    </context>
    <context id="i0ce4d980dd6547d7b4a83cc1bf88214c_I20191231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2019-12-31</instant>
        </period>
    </context>
    <context id="i2646fe752a324c119685f5eef9a1804d_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i882231b0497843c792ffd0c65666d43b_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i5247dff820b64542b90c3c99def95da0_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i1f6fc1d99c79491db8dfc812f7c03926_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i639c2d1e31364da28cf80d726a91c483_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i49e10bc86e8448af80afe47caaa287e2_I20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-03-31</instant>
        </period>
    </context>
    <context id="id001871148b945229a4dacf365eec6a5_I20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-03-31</instant>
        </period>
    </context>
    <context id="ib8ec02bff54e4042b0fd3a2022fd3801_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis">us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i31ce7aa274c74b09919a3ea3e73c8179_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis">us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i5577374a8a654f47991d6d90f02cfe4e_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis">us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ib6414a429ac34854bde155f4f8b20824_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis">us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i90db73dacb5d47b2b14ebbb2aa15a338_I20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:AtTheMarketOfferingsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-03-31</instant>
        </period>
    </context>
    <context id="iaa546460d3074e9cb62f3f5a4e76618e_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:AtTheMarketOfferingsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i96f47396b08a4ca89e75b9b5eb9ab95f_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:AtTheMarketOfferingsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ida937d5019114f1d8e5ac2e8ccd82964_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis">us-gaap:ConvertibleDebtSecuritiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="ieceb2fe3b9894abc96c3fc72b06a5e83_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis">us-gaap:StockCompensationPlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="if1646945f0f74afcb2da378cf70d6641_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis">us-gaap:StockCompensationPlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i58c0e645ed7549859a09fd9905db4fe6_I20180228">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ShareRepurchaseProgramAxis">rwt:ShareRepurchaseProgramFebruary2018Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2018-02-28</instant>
        </period>
    </context>
    <context id="icc51e911b2304b3a96cb7a5508b85f72_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ShareRepurchaseProgramAxis">rwt:ShareRepurchaseProgramFebruary2018Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ida746b21d8c441e2b772acefee3d9e60_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:ShareRepurchaseProgramAxis">rwt:ShareRepurchaseProgramFebruary2018Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i8d87ab0dbdbf4f178ea794db0efc58ee_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i9a95005df8ff43bc8bf295ee6cc3d3c1_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i9b0995baa4dd4e6e9501b82ddba185c2_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i14de137a4b2f49239a8dc700e6d3d0c6_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockUnitsRSUMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ieec932e98aa94b5faa6292f0db3871bb_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">rwt:DeferredStockUnitsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="icdcd35a3c45e455cbca21a8974ec0abb_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:PerformanceSharesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i0b83629ac70a4211b4e212d74ce4bc4a_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:EmployeeStockPurchasePlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i141a563f32ad4ba1a026faf759ada2f5_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ibc7e68ec47fd478a846d8c26807278dd_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockUnitsRSUMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ic01cb7a34e264e1ead32c22b5cc05300_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">rwt:DeferredStockUnitsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ia1e11f7eb6d1461caa320620314d3507_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:PerformanceSharesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i728f66c7c433487a8a60101153ca4585_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:EmployeeStockPurchasePlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i1444d71b9ae940a4a2fdf367ff9c2bf1_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i24df6eec77f441e8aba24e473edc216f_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockUnitsRSUMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i4976fc5085874fddbe4f5ec85c4e53a8_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">rwt:DeferredStockUnitsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i650feeffa8cb4682b37a39708ca269b9_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:PerformanceSharesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:RedwoodIncentivePlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i31b4277915904da0be47b9bec39e35d1_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">rwt:EmployeeStockPurchasePlanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i09cfbe81a2eb4afd9498bff68106c7e0_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i992447069ee64e4fb91abf8e1ee60a5a_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ibf9b96d3be8046ec9c3f4b704cd8dab6_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="if817ae3b313846f68840d39f91092c41_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockUnitsRSUMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="if957ed004687443f85fed3c992419b7e_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockUnitsRSUMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i9a2ad723983f4e0b8fffdc61b0fb797a_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockUnitsRSUMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i82a6237c4b7f47d882f54745aecc0a9a_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">rwt:DeferredStockUnitsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i4c843f24a55448a2976742a56ab11dde_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">rwt:DeferredStockUnitsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ie33ef02612ed4084acf36cf4dc6b3b47_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">rwt:DeferredStockUnitsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ibdea8f87b07048f7b635ff2c788801e3_D20200101-20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">rwt:DeferredStockUnitsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="ideaea727bed84387acb819cdcbb6233d_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:PerformanceSharesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ic4df3e571d8e48289f6fe339f38ce76a_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:PerformanceSharesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i52620719f646478ea85eb87714fb56f5_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:PerformanceSharesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i5ae1a0b112af436496dd2c9a6cc55806_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ResidentialMortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="if44aeb38133e45ce80a4f0e328dee8b7_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:ResidentialLoansAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ResidentialMortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i905cc8febcd642e2942b6d71d888a796_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ResidentialMortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i23c68b96097d4e44bd61019b72e212b8_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:TradingSecuritiesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ResidentialMortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i9f95ef74f7604233be887aa908faf649_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ResidentialMortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i5e0e6edead66488595680aae622af0c6_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ResidentialMortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i41bed9ae9f99468c8f24484ad9d49fe3_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ResidentialMortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ia6f55c0d27974e2f8a3fc60e7ae8ee1a_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:ResidentialMortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i40c1fe6d201342a4b505cdad6e3f061f_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i3a4675da50e3489681caa735bc225efc_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">rwt:SingleFamilyRentalLoansHeldForSaleAtFairValueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i726353e05a8242baa7e78d501379149b_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i1f8adac52b764e698d1998f7c353f113_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByAssetClassAxis">us-gaap:PriceRiskDerivativeMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i9acbfa4453ec41c1a5ef48c7c0483ab4_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i9db5afe1b58e4092bfa181457651b4e7_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:InvestmentTypeAxis">rwt:BusinessPurposeMortgageBankingActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i2443dec9784548d8930bc7008f341426_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis">rwt:SettlementInCommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i3629adc160fe4ca28ba0767fff33ebc0_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis">rwt:SettlementInCashMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="iaaaf4eecd8ab41c58405536f3a4e89c7_D20191015-20191015">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">rwt:CoreVestAmericanFinanceLenderLLCMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2019-10-15</startDate>
            <endDate>2019-10-15</endDate>
        </period>
    </context>
    <context id="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="iec5c7a49025742389623da63c14dc16b_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:SubsegmentsAxis">rwt:LegacyConsolidatedVariableInterestEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:SubsegmentsAxis">rwt:OtherSubsegmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-03-31</endDate>
        </period>
    </context>
    <context id="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:SubsegmentsAxis">rwt:LegacyConsolidatedVariableInterestEntitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:SubsegmentsAxis">rwt:OtherSubsegmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-03-31</endDate>
        </period>
    </context>
    <context id="i0b446577062a4b498b7f4f342974e923_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i5d1f02cf9b1243ad94655747a74be819_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i2b98a328bc604feb959d36b2251946f6_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ic50816f73586464a9d7f8c5a858e0c15_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i3f4eed86e22440d5b938d23d71da2c6c_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i4381d3685a4b4726a635a5fe2309387a_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia4a4c70436864fbea74556e381638ab6_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i449dffa3d4f24cf4aa503dd5c6507d6f_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i6920f9c081964173bf899340802ad329_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ib856867539264825b5a130dcb087aa05_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i11cd84a1563148b4a3558e228aad19a0_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i74aafb79552c463da71ec67ea649f625_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i641afe241dcc40e0aa07e9c1c8ec62e1_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i107ec6590e684739b07db4d71d869b4d_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i964438647d194aa7ac324fb9833aaea2_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ib096abb3ca4a45aba5765fa95c80b7cd_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="ia6849b9d448c4cc7a051feed149edcd3_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i76c6992a729d489785f44905d8e9cb77_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="idd7e953d5bb4457aa472787ac9b088ab_I20210331">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-03-31</instant>
        </period>
    </context>
    <context id="i858848236529409b8178f323a35df31c_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i36cffcbcd4864928ab015783e7b2d5c6_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ifcee3829dd264cb1965505560121a6f2_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="id6aa88615d3b4a8893e6eb166190546a_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i1aefb35a31e24e29951a4903f7cb3534_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">us-gaap:ResidentialPortfolioSegmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="icc3b9abe32e94031bbf0a045d56f153b_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i087fa292913740679efae66c961b93f3_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i752b1631ee3c4375bae7fb74b2625327_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="ia4435ac9cb8d462ca0e94c770f6fa2bf_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i251b3f26426f43a29e991078cae324a2_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:BusinessPurposeResidentialLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i4063db8c4ff54382bba1ed0772f0ad5b_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i1538dca86c624ddaa87d70ac7fad1199_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i075420a6c07e43dca017accf8762cd15_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i30a8f2011bb340f29560ae797d8e130e_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i7376b80ab9f84625a78cb2334e023c03_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FinancingReceivablePortfolioSegmentAxis">rwt:MultifamilyLoansMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i3c7b74e73a6744b4bb3b405d8f12a39f_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ResidentialLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i36259b4137f24b1ba70665955e850873_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:BusinessPurposeLendingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i3e65ebf92238415d862dc867aa5d456c_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:OperatingSegmentsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">rwt:ThirdPartyResidentialInvestmentsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="i52592161966f4f5fa21b05a458c997ca_I20201231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000930236</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ConsolidationItemsAxis">us-gaap:CorporateNonSegmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <unit id="shares">
        <measure>shares</measure>
    </unit>
    <unit id="usd">
        <measure>iso4217:USD</measure>
    </unit>
    <unit id="usdPerShare">
        <divide>
            <unitNumerator>
                <measure>iso4217:USD</measure>
            </unitNumerator>
            <unitDenominator>
                <measure>shares</measure>
            </unitDenominator>
        </divide>
    </unit>
    <unit id="segment">
        <measure>rwt:segment</measure>
    </unit>
    <unit id="partnership">
        <measure>rwt:partnership</measure>
    </unit>
    <unit id="number">
        <measure>pure</measure>
    </unit>
    <unit id="investment">
        <measure>rwt:investment</measure>
    </unit>
    <unit id="entity">
        <measure>rwt:entity</measure>
    </unit>
    <unit id="usdPerLoan">
        <divide>
            <unitNumerator>
                <measure>iso4217:USD</measure>
            </unitNumerator>
            <unitDenominator>
                <measure>rwt:loan</measure>
            </unitDenominator>
        </divide>
    </unit>
    <unit id="loan">
        <measure>rwt:loan</measure>
    </unit>
    <unit id="asset">
        <measure>rwt:asset</measure>
    </unit>
    <unit id="facility">
        <measure>rwt:facility</measure>
    </unit>
    <unit id="series">
        <measure>rwt:series</measure>
    </unit>
    <unit id="lease">
        <measure>rwt:lease</measure>
    </unit>
    <unit id="repurchase_request">
        <measure>rwt:repurchase_request</measure>
    </unit>
    <dei:AmendmentFlag
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80L2ZyYWc6NTA4MjlmZTVmZTgyNGY5ZDgzZDZkMWNmY2RjOGE2YzAvdGFibGU6NWY0Y2I2NzRlODFkNDljZmFlYmNlZjAzODgyNDdkMzEvdGFibGVyYW5nZTo1ZjRjYjY3NGU4MWQ0OWNmYWViY2VmMDM4ODI0N2QzMV8yLTEtMS0xLTA_4ee5386e-92fe-4098-92d0-f1c73ba0117e">false</dei:AmendmentFlag>
    <dei:DocumentFiscalYearFocus
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80L2ZyYWc6NTA4MjlmZTVmZTgyNGY5ZDgzZDZkMWNmY2RjOGE2YzAvdGFibGU6NWY0Y2I2NzRlODFkNDljZmFlYmNlZjAzODgyNDdkMzEvdGFibGVyYW5nZTo1ZjRjYjY3NGU4MWQ0OWNmYWViY2VmMDM4ODI0N2QzMV8zLTEtMS0xLTA_c602eb9b-acc4-47e1-9a9d-07641f2f00a8">2021</dei:DocumentFiscalYearFocus>
    <dei:DocumentFiscalPeriodFocus
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80L2ZyYWc6NTA4MjlmZTVmZTgyNGY5ZDgzZDZkMWNmY2RjOGE2YzAvdGFibGU6NWY0Y2I2NzRlODFkNDljZmFlYmNlZjAzODgyNDdkMzEvdGFibGVyYW5nZTo1ZjRjYjY3NGU4MWQ0OWNmYWViY2VmMDM4ODI0N2QzMV80LTEtMS0xLTA_910b262c-dd0e-40f7-8c7a-d5310196493d">Q1</dei:DocumentFiscalPeriodFocus>
    <dei:EntityCentralIndexKey
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80L2ZyYWc6NTA4MjlmZTVmZTgyNGY5ZDgzZDZkMWNmY2RjOGE2YzAvdGFibGU6NWY0Y2I2NzRlODFkNDljZmFlYmNlZjAzODgyNDdkMzEvdGFibGVyYW5nZTo1ZjRjYjY3NGU4MWQ0OWNmYWViY2VmMDM4ODI0N2QzMV81LTEtMS0xLTA_ff4da762-598f-43ce-995b-265b2f58c5be">0000930236</dei:EntityCentralIndexKey>
    <dei:CurrentFiscalYearEndDate
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80L2ZyYWc6NTA4MjlmZTVmZTgyNGY5ZDgzZDZkMWNmY2RjOGE2YzAvdGFibGU6NWY0Y2I2NzRlODFkNDljZmFlYmNlZjAzODgyNDdkMzEvdGFibGVyYW5nZTo1ZjRjYjY3NGU4MWQ0OWNmYWViY2VmMDM4ODI0N2QzMV82LTEtMS0xLTA_edfe8829-e667-4c84-944b-5787ba62bcf4">--12-31</dei:CurrentFiscalYearEndDate>
    <rwt:RealEstateOwnedHeldForInvestmentOriginalMaturityTerm
      contextRef="i0ec5f1170e944de3a6fd9ed3c1ba640e_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MTY5Ng_cc66ea5e-e253-411a-a187-c06bb1ccf2da">P6M</rwt:RealEstateOwnedHeldForInvestmentOriginalMaturityTerm>
    <us-gaap:OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMjE5OTAyMzI5MzY4Nw_bc0bc37e-bcf8-4c82-a2ba-5b00384cfc4e">us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent</us-gaap:OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList>
    <us-gaap:OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTc0NjQ_e532c9ed-5ea2-4103-b7f4-f84acd79bb2e">us-gaap:OtherAssets</us-gaap:OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList>
    <dei:DocumentType
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8yMDk4_90daa76f-6f49-434d-8801-efc9179b6a75">10-Q</dei:DocumentType>
    <dei:DocumentQuarterlyReport
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6ZDJhNWY2NjIxMTM5NDEwZTg1MzI1NTVmMDVkYzFiODcvdGFibGVyYW5nZTpkMmE1ZjY2MjExMzk0MTBlODUzMjU1NWYwNWRjMWI4N18wLTAtMS0xLTA_8ddae8aa-1e7f-439a-b9f2-90f0f0d0ffbf">true</dei:DocumentQuarterlyReport>
    <dei:DocumentPeriodEndDate
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8xNDI_3cbc7ec7-eb75-4795-bb19-8a8637634c94">2021-03-31</dei:DocumentPeriodEndDate>
    <dei:DocumentTransitionReport
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6NTE4ZGQ3NDk4ZTIzNDcxMmE2NmEzOWU5Mzg3YTZmNTcvdGFibGVyYW5nZTo1MThkZDc0OThlMjM0NzEyYTY2YTM5ZTkzODdhNmY1N18wLTAtMS0xLTA_2060027c-da43-44fa-ac9c-06647f9bf61e">false</dei:DocumentTransitionReport>
    <dei:EntityFileNumber
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8yMDk5_6c2c1155-6b9e-4e18-96a6-cad87854d28e">1-13759</dei:EntityFileNumber>
    <dei:EntityRegistrantName
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8yMTAw_cf8ff9ce-5a0d-41b0-bfec-276aaff886a8">REDWOOD TRUST, INC.</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6MmMyMDNiYzY3ZWIzNDZlMWEwMTQ3ZDA5M2JkNmJhYzgvdGFibGVyYW5nZToyYzIwM2JjNjdlYjM0NmUxYTAxNDdkMDkzYmQ2YmFjOF8wLTAtMS0xLTA_8e6f1476-8b89-474d-a48b-65f5b4e03352">MD</dei:EntityIncorporationStateCountryCode>
    <dei:EntityTaxIdentificationNumber
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6MmMyMDNiYzY3ZWIzNDZlMWEwMTQ3ZDA5M2JkNmJhYzgvdGFibGVyYW5nZToyYzIwM2JjNjdlYjM0NmUxYTAxNDdkMDkzYmQ2YmFjOF8wLTItMS0xLTA_cc6f6d44-4ee8-4316-b2e9-df0d5f9fb401">68-0329422</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6YmFhODVmOGEwMjczNGQzZTg0YzkzYmRiMmJlNTNkNjUvdGFibGVyYW5nZTpiYWE4NWY4YTAyNzM0ZDNlODRjOTNiZGIyYmU1M2Q2NV8wLTAtMS0xLTA_ca1a8122-e793-4d3d-9f70-f09c118110e7">One Belvedere Place, Suite 300</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6YmFhODVmOGEwMjczNGQzZTg0YzkzYmRiMmJlNTNkNjUvdGFibGVyYW5nZTpiYWE4NWY4YTAyNzM0ZDNlODRjOTNiZGIyYmU1M2Q2NV8xLTAtMS0xLTA_78ac51bc-cb22-4441-8c1e-55cd34809d5a">Mill Valley,</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6YmFhODVmOGEwMjczNGQzZTg0YzkzYmRiMmJlNTNkNjUvdGFibGVyYW5nZTpiYWE4NWY4YTAyNzM0ZDNlODRjOTNiZGIyYmU1M2Q2NV8xLTEtMS0xLTA_819f62af-13fb-43a9-b53b-973a0e792245">CA</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6YmFhODVmOGEwMjczNGQzZTg0YzkzYmRiMmJlNTNkNjUvdGFibGVyYW5nZTpiYWE4NWY4YTAyNzM0ZDNlODRjOTNiZGIyYmU1M2Q2NV8xLTMtMS0xLTA_4f0a7dfd-5c8e-476a-b6cd-e09bcd524357">94941</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8yMDkz_339fe3f5-16ef-4a39-8580-9196a17cc522">415</dei:CityAreaCode>
    <dei:LocalPhoneNumber
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8yMDk0_9a7750cd-3bb9-4a8f-9726-901fd82dc781">389-7373</dei:LocalPhoneNumber>
    <dei:EntityCurrentReportingStatus
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8yMDk1_8f38ed81-d8f4-4bde-945c-1dfe71847510">Yes</dei:EntityCurrentReportingStatus>
    <dei:EntityInteractiveDataCurrent
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8yMDk2_9a5bddee-811f-4e37-a146-a014ad37790e">Yes</dei:EntityInteractiveDataCurrent>
    <dei:EntityFilerCategory
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6ZTc4MWI2OWZlOTNmNDgyOGJhNTk2NmRiZWI3ZjRkNjMvdGFibGVyYW5nZTplNzgxYjY5ZmU5M2Y0ODI4YmE1OTY2ZGJlYjdmNGQ2M18wLTAtMS0xLTA_3833d1be-53b8-4a2d-b98b-510dbf8fc372">Large Accelerated Filer</dei:EntityFilerCategory>
    <dei:EntitySmallBusiness
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6ZTc4MWI2OWZlOTNmNDgyOGJhNTk2NmRiZWI3ZjRkNjMvdGFibGVyYW5nZTplNzgxYjY5ZmU5M2Y0ODI4YmE1OTY2ZGJlYjdmNGQ2M18xLTQtMS0xLTA_85e3e76d-0c63-4cb1-9961-7eda25aa2b92">false</dei:EntitySmallBusiness>
    <dei:EntityEmergingGrowthCompany
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6ZTc4MWI2OWZlOTNmNDgyOGJhNTk2NmRiZWI3ZjRkNjMvdGFibGVyYW5nZTplNzgxYjY5ZmU5M2Y0ODI4YmE1OTY2ZGJlYjdmNGQ2M18yLTQtMS0xLTA_04b35c54-f035-41bf-8a1c-8941bf45676e">false</dei:EntityEmergingGrowthCompany>
    <dei:EntityShellCompany
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGV4dHJlZ2lvbjo4MDdkZDI5MzYxMDQ0MDIwODBkYTMyNjk2NGM1NjIxYV8yMDk3_d31f5fe5-9754-499b-95e0-904503f7f3b1">false</dei:EntityShellCompany>
    <dei:Security12bTitle
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6MTQyZjU0YjMwN2UxNGQ3YWI2ZjRhOThkOTU1NDYwN2EvdGFibGVyYW5nZToxNDJmNTRiMzA3ZTE0ZDdhYjZmNGE5OGQ5NTU0NjA3YV8xLTAtMS0xLTA_12b0adad-1279-4857-9dc0-5e581ba861dc">Common stock, par value $0.01 per share</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6MTQyZjU0YjMwN2UxNGQ3YWI2ZjRhOThkOTU1NDYwN2EvdGFibGVyYW5nZToxNDJmNTRiMzA3ZTE0ZDdhYjZmNGE5OGQ5NTU0NjA3YV8xLTEtMS0xLTA_be4a2c55-8404-49f3-95cc-8696e848370c">RWT</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6MTQyZjU0YjMwN2UxNGQ3YWI2ZjRhOThkOTU1NDYwN2EvdGFibGVyYW5nZToxNDJmNTRiMzA3ZTE0ZDdhYjZmNGE5OGQ5NTU0NjA3YV8xLTItMS0xLTA_c9d5b80c-5687-4cec-b8aa-72838fe827cf">NYSE</dei:SecurityExchangeName>
    <dei:EntityCommonStockSharesOutstanding
      contextRef="i2bb8980f5b2045c48cdacec865e59b15_I20210504"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xL2ZyYWc6ODA3ZGQyOTM2MTA0NDAyMDgwZGEzMjY5NjRjNTYyMWEvdGFibGU6Mzg3MmJkNTgxMTAxNDE2ZGIxMmM4ZDRlMWRhYWU0NmEvdGFibGVyYW5nZTozODcyYmQ1ODExMDE0MTZkYjEyYzhkNGUxZGFhZTQ2YV8wLTItMS0xLTA_50c19410-ab9e-48b8-95a0-4ab0e34d4d22"
      unitRef="shares">113010497</dei:EntityCommonStockSharesOutstanding>
    <us-gaap:NotesReceivableNet
      contextRef="ic09c7c8bc47240bf8d07fb841ad3e4ef_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMi0yLTEtMS0w_bd5bf65b-5d4a-40da-984a-dbef5fd5d654"
      unitRef="usd">996512000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ie9434eafbc16499db49a9f2451fa8069_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMi00LTEtMS0w_39f0383d-9999-40b7-8e19-873fe7ee5585"
      unitRef="usd">176641000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i0a210c65d99c4a029d3962efa2f3da82_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMy0yLTEtMS0w_a03d32bc-c8e2-4033-a44e-0889c28d62f3"
      unitRef="usd">3705324000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="id1b5d106720044ecae18bf6263f90651_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMy00LTEtMS0w_3d56fa3a-7cb9-4878-b954-62456e096841"
      unitRef="usd">4072410000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i54e1c3413c9b4684b62142a68cd76b69_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNC0yLTEtMS0w_28fa8892-34b6-4b22-bd13-ec815e483603"
      unitRef="usd">333110000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ib0e19b379ad14fac9963bfdea9ed1cba_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNC00LTEtMS0w_06ecfc18-8f4b-475d-81b2-17404c47a4d4"
      unitRef="usd">245394000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ie7eeaf9a0bac45a5b562bcf6670028a1_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNS0yLTEtMS0w_4887b88f-9d93-4c06-abb9-d23351f9d152"
      unitRef="usd">3839010000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i244fb01c052b43d3be068af6e0eeb08d_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNS00LTEtMS0w_58e30a51-3961-4f5f-a6b6-66e10c75b1a6"
      unitRef="usd">3890959000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i8a44a8ba40ac40c8b1f498b3abd3d8c8_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNi0yLTEtMS0w_4dabf3d8-d2ec-44d8-86ef-efc955d888e3"
      unitRef="usd">489545000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="id5ec0afafeed4798a836756819077adc_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNi00LTEtMS0w_0566ca72-06f9-4d9f-91fb-68abea267e2e"
      unitRef="usd">492221000</us-gaap:NotesReceivableNet>
    <us-gaap:MarketableSecurities
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNy0yLTEtMS0w_6ccedc91-f1b6-4e00-84ff-cf39f61c3c09"
      unitRef="usd">364320000</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNy00LTEtMS0w_671d361d-70bb-4359-9817-62eb40e25686"
      unitRef="usd">344125000</us-gaap:MarketableSecurities>
    <us-gaap:OtherInvestments
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOC0yLTEtMS0w_c8fe370f-f87b-478d-8e5c-b5b130806095"
      unitRef="usd">322579000</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOC00LTEtMS0w_9bdd28a0-61b9-4852-817f-a605452d6b61"
      unitRef="usd">348175000</us-gaap:OtherInvestments>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOS0yLTEtMS0w_8dabd65a-3da8-44d9-a982-8905b1b44d96"
      unitRef="usd">426019000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOS00LTEtMS0w_66a17d7c-eb41-4bd0-8847-8ddfc8f641f1"
      unitRef="usd">461260000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTAtMi0xLTEtMA_926539a6-e964-4ccc-be95-d467f741556a"
      unitRef="usd">95775000</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTAtNC0xLTEtMA_db6e579c-a368-485e-9bb2-32e610bfc71a"
      unitRef="usd">83190000</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:IntangibleAssetsNetIncludingGoodwill
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTEtMi0xLTEtMA_98663aec-ca98-4209-a8d5-5edc30217b0f"
      unitRef="usd">52992000</us-gaap:IntangibleAssetsNetIncludingGoodwill>
    <us-gaap:IntangibleAssetsNetIncludingGoodwill
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTEtNC0xLTEtMA_f62ae737-fcb0-4bd3-8407-530e2e679fe3"
      unitRef="usd">56865000</us-gaap:IntangibleAssetsNetIncludingGoodwill>
    <us-gaap:DerivativeAssets
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTQtMi0xLTEtMA_7e9610d6-0b62-4014-b0cf-ce13a276f2f6"
      unitRef="usd">129924000</us-gaap:DerivativeAssets>
    <us-gaap:DerivativeAssets
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTQtNC0xLTEtMA_41460ad6-ad5e-4a73-90b6-d5b45fca74f6"
      unitRef="usd">53238000</us-gaap:DerivativeAssets>
    <us-gaap:OtherAssets
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTUtMi0xLTEtMA_db5d9ddd-af75-4ef8-b634-2685d2897ae7"
      unitRef="usd">141738000</us-gaap:OtherAssets>
    <us-gaap:OtherAssets
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTUtNC0xLTEtMA_047d7959-3427-4d71-b0fe-c43325ebcfac"
      unitRef="usd">130588000</us-gaap:OtherAssets>
    <us-gaap:Assets
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTYtMi0xLTEtMA_2d527bc0-8eba-4935-b56d-1777257377de"
      unitRef="usd">10896848000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTYtNC0xLTEtMA_6935f01e-f6d5-4a84-85a8-befa2c50c9ce"
      unitRef="usd">10355066000</us-gaap:Assets>
    <us-gaap:ShortTermBorrowings
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjAtMi0xLTEtMA_1948cc90-3747-4c90-8325-7f81f80bc2cc"
      unitRef="usd">1253882000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjAtNC0xLTEtMA_cb70f28d-42c5-4dbc-97de-63f4f716405e"
      unitRef="usd">522609000</us-gaap:ShortTermBorrowings>
    <us-gaap:DerivativeLiabilities
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjItMi0xLTEtMA_19ea5072-ec29-47a7-9aac-5eb71caf7db3"
      unitRef="usd">73178000</us-gaap:DerivativeLiabilities>
    <us-gaap:DerivativeLiabilities
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjItNC0xLTEtMA_03d528ed-b230-489f-832d-882e345770c5"
      unitRef="usd">16072000</us-gaap:DerivativeLiabilities>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjMtMi0xLTEtMA_51070c50-3ecc-4e97-a2e9-92aa09cd5ec5"
      unitRef="usd">244274000</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjMtNC0xLTEtMA_d3bdce0a-b7d8-4fe4-b630-52ae96255226"
      unitRef="usd">179340000</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:DebtInstrumentFairValue
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjUtMC0xLTEtMC90ZXh0cmVnaW9uOjNhMTAzZDFhYTc4NjRkNjU4MmNjOGYxOWIyNTljY2Y0XzQ1_0a6eec75-429d-4be3-91a1-62a115f95df7"
      unitRef="usd">6475472000</us-gaap:DebtInstrumentFairValue>
    <us-gaap:DebtInstrumentFairValue
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjUtMC0xLTEtMC90ZXh0cmVnaW9uOjNhMTAzZDFhYTc4NjRkNjU4MmNjOGYxOWIyNTljY2Y0XzUy_954aeced-3698-463b-85ba-54f74d774578"
      unitRef="usd">6900362000</us-gaap:DebtInstrumentFairValue>
    <us-gaap:SecuredDebt
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjUtMi0xLTEtMA_12380c8a-63f9-497d-ac2d-ec3e0480bf2e"
      unitRef="usd">6671677000</us-gaap:SecuredDebt>
    <us-gaap:SecuredDebt
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjUtNC0xLTEtMA_8e880c6c-83bb-4819-a1ee-3f3e683ea8d0"
      unitRef="usd">7100661000</us-gaap:SecuredDebt>
    <us-gaap:OtherLongTermDebt
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjYtMi0xLTEtMA_7e7f11c6-e52a-499d-b5e6-1fde951e0b5c"
      unitRef="usd">1438262000</us-gaap:OtherLongTermDebt>
    <us-gaap:OtherLongTermDebt
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjYtNC0xLTEtMA_2026298f-cd54-4bc9-9c9d-1dd765e07560"
      unitRef="usd">1425485000</us-gaap:OtherLongTermDebt>
    <us-gaap:Liabilities
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjctMi0xLTEtMA_4d7e59bc-5f0f-43ea-9b47-712c7d468513"
      unitRef="usd">9681273000</us-gaap:Liabilities>
    <us-gaap:Liabilities
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjctNC0xLTEtMA_f4fc57a7-cfbe-4d44-9863-d430d4168c2b"
      unitRef="usd">9244167000</us-gaap:Liabilities>
    <us-gaap:CommitmentsAndContingencies
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjgtMi0xLTEtMA_8827b9f4-9e4f-4492-96d4-9490fed4ae4a"
      unitRef="usd"
      xsi:nil="true"/>
    <us-gaap:CommitmentsAndContingencies
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjgtNC0xLTEtMA_667d44b3-5459-4857-baac-6755142a5fd9"
      unitRef="usd"
      xsi:nil="true"/>
    <us-gaap:CommonStockParOrStatedValuePerShare
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMC0xLTEtMC90ZXh0cmVnaW9uOjdiNzIxY2JkZjk1YTRiOTBhYWNiODQwZjZiMjY0MDU3XzI4_96119a23-14b7-4945-975f-f47a4ff230e1"
      unitRef="usdPerShare">0.01</us-gaap:CommonStockParOrStatedValuePerShare>
    <us-gaap:CommonStockParOrStatedValuePerShare
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMC0xLTEtMC90ZXh0cmVnaW9uOjdiNzIxY2JkZjk1YTRiOTBhYWNiODQwZjZiMjY0MDU3XzI4_a1d0f391-ef89-41e4-b11a-34f26182ab88"
      unitRef="usdPerShare">0.01</us-gaap:CommonStockParOrStatedValuePerShare>
    <us-gaap:CommonStockSharesAuthorized
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMC0xLTEtMC90ZXh0cmVnaW9uOjdiNzIxY2JkZjk1YTRiOTBhYWNiODQwZjZiMjY0MDU3XzQy_d1a32f0b-5180-416c-bfab-114a799b6187"
      unitRef="shares">395000000</us-gaap:CommonStockSharesAuthorized>
    <us-gaap:CommonStockSharesAuthorized
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMC0xLTEtMC90ZXh0cmVnaW9uOjdiNzIxY2JkZjk1YTRiOTBhYWNiODQwZjZiMjY0MDU3XzQy_d68fa0dd-ebf0-43ff-a63c-d1c93a0026c2"
      unitRef="shares">395000000</us-gaap:CommonStockSharesAuthorized>
    <us-gaap:CommonStockSharesIssued
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMC0xLTEtMC90ZXh0cmVnaW9uOjdiNzIxY2JkZjk1YTRiOTBhYWNiODQwZjZiMjY0MDU3Xzcx_08171f7b-8591-4eda-9c7d-bf59f86e2554"
      unitRef="shares">112998732</us-gaap:CommonStockSharesIssued>
    <us-gaap:CommonStockSharesOutstanding
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMC0xLTEtMC90ZXh0cmVnaW9uOjdiNzIxY2JkZjk1YTRiOTBhYWNiODQwZjZiMjY0MDU3Xzcx_a00c916a-434c-41a4-8b46-6631d9f12c2a"
      unitRef="shares">112998732</us-gaap:CommonStockSharesOutstanding>
    <us-gaap:CommonStockSharesOutstanding
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMC0xLTEtMC90ZXh0cmVnaW9uOjdiNzIxY2JkZjk1YTRiOTBhYWNiODQwZjZiMjY0MDU3Xzc4_2ba030e8-e4cb-4187-b170-a90e0e567e70"
      unitRef="shares">112090006</us-gaap:CommonStockSharesOutstanding>
    <us-gaap:CommonStockSharesIssued
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMC0xLTEtMC90ZXh0cmVnaW9uOjdiNzIxY2JkZjk1YTRiOTBhYWNiODQwZjZiMjY0MDU3Xzc4_ae0793bb-a271-4eb7-87dd-95b655a1898e"
      unitRef="shares">112090006</us-gaap:CommonStockSharesIssued>
    <us-gaap:CommonStockValue
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMi0xLTEtMA_4a8b7d7e-cf50-4fb5-8217-12547038ee41"
      unitRef="usd">1130000</us-gaap:CommonStockValue>
    <us-gaap:CommonStockValue
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtNC0xLTEtMA_7fc9ea57-2bc8-4123-8f42-263aac1d3552"
      unitRef="usd">1121000</us-gaap:CommonStockValue>
    <us-gaap:AdditionalPaidInCapitalCommonStock
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzEtMi0xLTEtMA_ff5c9a34-cff9-406d-9e7a-2c159697264f"
      unitRef="usd">2281647000</us-gaap:AdditionalPaidInCapitalCommonStock>
    <us-gaap:AdditionalPaidInCapitalCommonStock
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzEtNC0xLTEtMA_c6d2e257-6169-4fce-bf67-12b5a2a915c2"
      unitRef="usd">2264874000</us-gaap:AdditionalPaidInCapitalCommonStock>
    <us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzItMi0xLTEtMA_33c8baba-5128-4419-a8ff-fe9ff8562f94"
      unitRef="usd">4988000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
    <us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzItNC0xLTEtMA_9e08d55c-a42d-4b03-a11c-25715a75eb4b"
      unitRef="usd">-4221000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
    <us-gaap:RetainedEarningsAccumulatedDeficit
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzMtMi0xLTEtMA_28c75d03-21e8-43b4-868c-ba2e98c4666d"
      unitRef="usd">1094534000</us-gaap:RetainedEarningsAccumulatedDeficit>
    <us-gaap:RetainedEarningsAccumulatedDeficit
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzMtNC0xLTEtMA_bdbb41c0-affd-4228-839d-1a044a1cbcfc"
      unitRef="usd">997277000</us-gaap:RetainedEarningsAccumulatedDeficit>
    <us-gaap:CumulativeDividends
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzQtMi0xLTEtMA_f1cc0c10-5ef1-4b86-8bf6-e1a60bfed22c"
      unitRef="usd">2166724000</us-gaap:CumulativeDividends>
    <us-gaap:CumulativeDividends
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzQtNC0xLTEtMA_594fa029-90d8-4ae3-9038-7c1f8cac8b31"
      unitRef="usd">2148152000</us-gaap:CumulativeDividends>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzUtMi0xLTEtMA_cab9892f-cfb6-4665-954f-1bcd1e07af38"
      unitRef="usd">1215575000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzUtNC0xLTEtMA_7a8324f8-7ecc-4982-90f2-cfe314d81d4b"
      unitRef="usd">1110899000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:LiabilitiesAndStockholdersEquity
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzYtMi0xLTEtMA_840408ff-98b9-40c3-951e-f40aeb2c3950"
      unitRef="usd">10896848000</us-gaap:LiabilitiesAndStockholdersEquity>
    <us-gaap:LiabilitiesAndStockholdersEquity
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzYtNC0xLTEtMA_84787255-4f61-4d56-b19b-525491eaf679"
      unitRef="usd">10355066000</us-gaap:LiabilitiesAndStockholdersEquity>
    <us-gaap:Assets
      contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNDA4_11811d9a-94f9-4659-b483-d01653f20ea8"
      unitRef="usd">7724203000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNDE1_b6429be4-3cd6-4853-9ef1-29a86ea0a6f5"
      unitRef="usd">8141069000</us-gaap:Assets>
    <us-gaap:Liabilities
      contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNDg4_81874d4c-bbf8-4bb3-8c78-3c19d579ccd7"
      unitRef="usd">6704943000</us-gaap:Liabilities>
    <us-gaap:Liabilities
      contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNDk1_55310d9f-04e5-4433-b451-792e65dc7b45"
      unitRef="usd">7148414000</us-gaap:Liabilities>
    <us-gaap:InterestAndFeeIncomeLoansConsumerRealEstate
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMy0yLTEtMS0w_5d8fb39e-b5a7-4aa1-bdec-cf3b9908913f"
      unitRef="usd">43655000</us-gaap:InterestAndFeeIncomeLoansConsumerRealEstate>
    <us-gaap:InterestAndFeeIncomeLoansConsumerRealEstate
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMy00LTEtMS0w_462fa13a-5ccb-4cc5-b083-b4204aa1e21f"
      unitRef="usd">79436000</us-gaap:InterestAndFeeIncomeLoansConsumerRealEstate>
    <us-gaap:InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfNC0yLTEtMS0w_42c79f3f-922e-4c07-9dd6-3500d723b39c"
      unitRef="usd">64188000</us-gaap:InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate>
    <us-gaap:InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfNC00LTEtMS0w_043c93f6-69cd-4c67-a0ed-7191cfb8b905"
      unitRef="usd">52654000</us-gaap:InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate>
    <us-gaap:InterestAndFeeIncomeLoansHeldForSaleMortgages
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfNS0yLTEtMS0w_b0f6bfeb-1191-4f48-a6a0-3e1aa6c93066"
      unitRef="usd">4786000</us-gaap:InterestAndFeeIncomeLoansHeldForSaleMortgages>
    <us-gaap:InterestAndFeeIncomeLoansHeldForSaleMortgages
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfNS00LTEtMS0w_e08b9104-9fa3-4e51-946c-47b8baae4c71"
      unitRef="usd">40172000</us-gaap:InterestAndFeeIncomeLoansHeldForSaleMortgages>
    <us-gaap:InterestIncomeSecuritiesMortgageBacked
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfNi0yLTEtMS0w_43e870d6-11d5-413b-8b81-7bc72eaa42ba"
      unitRef="usd">9663000</us-gaap:InterestIncomeSecuritiesMortgageBacked>
    <us-gaap:InterestIncomeSecuritiesMortgageBacked
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfNi00LTEtMS0w_92b6c64f-0e12-423f-b743-c651829e4e11"
      unitRef="usd">18309000</us-gaap:InterestIncomeSecuritiesMortgageBacked>
    <us-gaap:InterestIncomeOther
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfNy0yLTEtMS0w_11221e29-26a7-4d01-8021-83889df7da19"
      unitRef="usd">6013000</us-gaap:InterestIncomeOther>
    <us-gaap:InterestIncomeOther
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfNy00LTEtMS0w_3cf56c10-043c-4ec9-b1be-1063ee3e8a25"
      unitRef="usd">7510000</us-gaap:InterestIncomeOther>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfOC0yLTEtMS0w_0592fda6-d8d1-4b96-850f-063b34366f4e"
      unitRef="usd">128305000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfOC00LTEtMS0w_c7045402-2b10-4115-b6c1-9c11f544ee84"
      unitRef="usd">198081000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestExpenseShortTermBorrowings
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTAtMi0xLTEtMA_0c1ef9db-35d3-4b5d-bcb2-7a214c6aceb4"
      unitRef="usd">7773000</us-gaap:InterestExpenseShortTermBorrowings>
    <us-gaap:InterestExpenseShortTermBorrowings
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTAtNC0xLTEtMA_bb1216db-b072-48f6-8303-d6cf203b4471"
      unitRef="usd">23067000</us-gaap:InterestExpenseShortTermBorrowings>
    <us-gaap:InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTEtMi0xLTEtMA_d6628ac1-612d-4d15-bfa4-e7a233252879"
      unitRef="usd">72561000</us-gaap:InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities>
    <us-gaap:InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTEtNC0xLTEtMA_98cd0493-0c1e-43d8-b446-b66533c9a179"
      unitRef="usd">100498000</us-gaap:InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities>
    <us-gaap:InterestExpenseLongTermDebt
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTItMi0xLTEtMA_f49120e6-2140-4a34-bd19-7c49d06f4ea0"
      unitRef="usd">22218000</us-gaap:InterestExpenseLongTermDebt>
    <us-gaap:InterestExpenseLongTermDebt
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTItNC0xLTEtMA_34568d5c-af91-48e5-97f6-ebe7268f20b7"
      unitRef="usd">23106000</us-gaap:InterestExpenseLongTermDebt>
    <us-gaap:InterestExpense
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTMtMi0xLTEtMA_edb8e6be-8c8f-4515-971f-11d221b56e0d"
      unitRef="usd">102552000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTMtNC0xLTEtMA_5d76ab76-7ca1-474b-884c-f09bdfadf10f"
      unitRef="usd">146671000</us-gaap:InterestExpense>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTQtMi0xLTEtMA_d4e9b232-df13-45c2-893d-472bb10c214d"
      unitRef="usd">25753000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTQtNC0xLTEtMA_336f6384-8d1d-48be-a427-1ac0c0ee937c"
      unitRef="usd">51410000</us-gaap:InterestIncomeExpenseNet>
    <rwt:MortgageBankingActivitiesNet
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTYtMi0xLTEtMA_5f0be8f1-edd3-4309-926c-f7d30b6f0764"
      unitRef="usd">82607000</rwt:MortgageBankingActivitiesNet>
    <rwt:MortgageBankingActivitiesNet
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTYtNC0xLTEtMA_861eeb4b-7d1a-47fa-b7ad-f37c9392eda8"
      unitRef="usd">-28902000</rwt:MortgageBankingActivitiesNet>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTctMi0xLTEtMA_09a4bcb7-deb8-42c5-97ba-03ab76f3643e"
      unitRef="usd">45087000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTctNC0xLTEtMA_aa4e9741-ee96-485f-82e7-a37137184fe5"
      unitRef="usd">-870832000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:OtherIncome
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTgtMi0xLTEtMA_8ce4601f-85cf-4ee0-a3e7-22d322d1ec1d"
      unitRef="usd">3843000</us-gaap:OtherIncome>
    <us-gaap:OtherIncome
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTgtNC0xLTEtMA_8dfffb90-c4f6-460a-919e-7cf4657991ec"
      unitRef="usd">2928000</us-gaap:OtherIncome>
    <us-gaap:RealizedInvestmentGainsLosses
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTktMi0xLTEtMA_328a960d-1a6f-4f42-b76c-b11086aef87b"
      unitRef="usd">2716000</us-gaap:RealizedInvestmentGainsLosses>
    <us-gaap:RealizedInvestmentGainsLosses
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMTktNC0xLTEtMA_8150004e-8f0e-478f-9e1a-9d4f846f2316"
      unitRef="usd">3852000</us-gaap:RealizedInvestmentGainsLosses>
    <us-gaap:NoninterestIncome
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjAtMi0xLTEtMA_8a9286d0-443d-44a0-8500-828a63b9dd61"
      unitRef="usd">134253000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjAtNC0xLTEtMA_5c144dcb-94e5-497e-a58a-98aefb4efbb5"
      unitRef="usd">-892954000</us-gaap:NoninterestIncome>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjEtMi0xLTEtMA_81b48ea5-b601-4849-a74e-9468bf2f4361"
      unitRef="usd">43551000</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjEtNC0xLTEtMA_ad8945f8-81e7-47d3-8bfe-0b60494e52e5"
      unitRef="usd">28682000</us-gaap:GeneralAndAdministrativeExpense>
    <rwt:LoanAcquisitionCosts
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjItMi0xLTEtMA_9542e148-c661-4695-acc3-7395829656cf"
      unitRef="usd">3559000</rwt:LoanAcquisitionCosts>
    <rwt:LoanAcquisitionCosts
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjItNC0xLTEtMA_1445f2ae-1256-418d-8503-7697f63b4d96"
      unitRef="usd">3986000</rwt:LoanAcquisitionCosts>
    <us-gaap:OtherExpenses
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjMtMi0xLTEtMA_25dbebbb-977f-49aa-81da-382267bfb8da"
      unitRef="usd">4096000</us-gaap:OtherExpenses>
    <us-gaap:OtherExpenses
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjMtNC0xLTEtMA_96c91fb6-788e-4a37-bbd1-690e58a1fcdb"
      unitRef="usd">91415000</us-gaap:OtherExpenses>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjQtMi0xLTEtMA_838c1104-24f8-4fac-bad2-5c570d0646f3"
      unitRef="usd">108800000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjQtNC0xLTEtMA_1eab4b55-5cb1-4338-8a32-66c68297ebc5"
      unitRef="usd">-965627000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
    <us-gaap:IncomeTaxExpenseBenefit
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjUtMi0xLTEtMA_3b2cba0c-6444-4e71-bb60-ce0ad4a01f52"
      unitRef="usd">11543000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjUtNC0xLTEtMA_76152473-6f7f-404a-876d-1be83cde0a86"
      unitRef="usd">-22229000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:NetIncomeLoss
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjYtMi0xLTEtMA_ecb379c7-dc34-4de1-8883-df63a2704fc5"
      unitRef="usd">97257000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjYtNC0xLTEtMA_f6d1345a-a158-4f4f-a962-5d8d2d53e497"
      unitRef="usd">-943398000</us-gaap:NetIncomeLoss>
    <us-gaap:EarningsPerShareBasic
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjgtMi0xLTEtMA_501455d8-0f2e-47dc-8d32-c69cf728f92e"
      unitRef="usdPerShare">0.84</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareBasic
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjgtNC0xLTEtMA_1c528aba-a4e6-443f-82d1-27fc3c83c3e4"
      unitRef="usdPerShare">-8.28</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareDiluted
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjktMi0xLTEtMA_569dce46-65e3-46df-8d6a-4e8d0ba71a0c"
      unitRef="usdPerShare">0.72</us-gaap:EarningsPerShareDiluted>
    <us-gaap:EarningsPerShareDiluted
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMjktNC0xLTEtMA_c539276b-9e4d-41bc-8eca-f48fde0ba021"
      unitRef="usdPerShare">-8.28</us-gaap:EarningsPerShareDiluted>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="0"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMzAtMi0xLTEtMA_3f78ee3d-daf0-4e44-8ef7-432616f34571"
      unitRef="shares">112276842</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="0"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMzAtNC0xLTEtMA_2a1d8a60-8c80-44fb-a739-b516ef756bdd"
      unitRef="shares">114076568</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="0"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMzEtMi0xLTEtMA_0ae41470-50c4-4698-b13b-1575f0839810"
      unitRef="shares">141039285</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
    <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="0"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xOS9mcmFnOjQ1MDc0ZDdkYTI0YTQ3YmJhN2E0OGRjZWVmNTE3NmMxL3RhYmxlOjBjNTkzODBkMGZjMzQ3Yzc4Y2NmMzY3OGZlMWNiMTIzL3RhYmxlcmFuZ2U6MGM1OTM4MGQwZmMzNDdjNzhjY2YzNjc4ZmUxY2IxMjNfMzEtNC0xLTEtMA_3c719aca-5d1b-48e2-9a57-e2e53bfcc6f1"
      unitRef="shares">114076568</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
    <us-gaap:NetIncomeLoss
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfMi0yLTEtMS0w_ecb379c7-dc34-4de1-8883-df63a2704fc5"
      unitRef="usd">97257000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfMi00LTEtMS0w_f6d1345a-a158-4f4f-a962-5d8d2d53e497"
      unitRef="usd">-943398000</us-gaap:NetIncomeLoss>
    <us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfNC0yLTEtMS0w_12d71792-02c7-4c4c-a9c3-76b6c5f24881"
      unitRef="usd">10986000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
    <us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfNC00LTEtMS0w_5b2fed84-1585-41ec-b2d8-2a4ca608ac41"
      unitRef="usd">-80519000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfNS0yLTEtMS0w_2cbb1126-29f9-4ff1-9427-2bd73d910e6e"
      unitRef="usd">2795000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfNS00LTEtMS0w_247e8006-d237-492b-af1c-41cc5adb117f"
      unitRef="usd">13798000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfNi0yLTEtMS0w_366f4b3c-8090-4c7c-9f19-c77024698d39"
      unitRef="usd">0</us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax>
    <us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfNi00LTEtMS0w_ae4ebff9-87ca-42b1-b2e2-3f6eedfe4278"
      unitRef="usd">-32806000</us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax>
    <us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfNy0yLTEtMS0w_883892b3-eeeb-4eff-b841-3d4cb20f330c"
      unitRef="usd">-1018000</us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax>
    <us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfNy00LTEtMS0w_c622603f-cf28-48bd-bc12-b1c2334d67e5"
      unitRef="usd">-79000</us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax>
    <us-gaap:OtherComprehensiveIncomeLossNetOfTax
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfOC0yLTEtMS0w_9aca9e75-8d0f-48d5-a3ff-4a590cf4a4f8"
      unitRef="usd">9209000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossNetOfTax
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfOC00LTEtMS0w_985771c3-9553-46f5-89af-c5a6237f3e61"
      unitRef="usd">-127044000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
    <us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfOS0yLTEtMS0w_6b427952-f3bd-4dcc-b703-a4e68e254364"
      unitRef="usd">106466000</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yMi9mcmFnOjgxMWY1NDZlMWY2YjQ3OTk5YTJmYzBiNmY0ZGZiNGQ0L3RhYmxlOjg2MGVkZjFjN2QwNjRjODc5YzYwOGFkMjIzNDg2Mjc4L3RhYmxlcmFuZ2U6ODYwZWRmMWM3ZDA2NGM4NzljNjA4YWQyMjM0ODYyNzhfOS00LTEtMS0w_f526d57e-1d38-440c-a9cb-f1c159e9e99c"
      unitRef="usd">-1070442000</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:SharesIssued
      contextRef="i2a27c4e9ebd24c52be722bc119776477_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMi0yLTEtMS0w_35ccb10b-d346-4f8b-b831-24e5cb990240"
      unitRef="shares">112090006</us-gaap:SharesIssued>
    <us-gaap:StockholdersEquity
      contextRef="i2a27c4e9ebd24c52be722bc119776477_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMi00LTEtMS0w_6804cdab-d9b1-4b36-bc07-42f40401b96c"
      unitRef="usd">1121000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="ic8dfc3bfbfa44dd9ada1b83fc85e2c25_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMi02LTEtMS0w_c1196294-7545-4ddf-bc5a-46acb8b4d057"
      unitRef="usd">2264874000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="if21535c3aac5426c8c94ca5e044db744_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMi04LTEtMS0w_4d1c23b9-c547-4efc-b230-734e220c6c56"
      unitRef="usd">-4221000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="ib4a881f805524523bbf4fe5fad7bbe0d_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMi0xMC0xLTEtMA_a6763aa5-21d6-469a-bd28-2b84a7600c6a"
      unitRef="usd">997277000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="i897fdad8ee7c495f801c02cbb8190105_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMi0xMi0xLTEtMA_4c117834-0ec4-48d1-94d6-1997e26d83e0"
      unitRef="usd">-2148152000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMi0xNC0xLTEtMA_14f5162e-917c-42ed-9ea2-ddeccb9ea8c7"
      unitRef="usd">1110899000</us-gaap:StockholdersEquity>
    <us-gaap:NetIncomeLoss
      contextRef="i720b0541952f4e2f89edecb171a35fa1_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMy0xMC0xLTEtMA_5f35879f-e8b2-487d-8e26-d29a20d0f433"
      unitRef="usd">97257000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMy0xNC0xLTEtMA_972ef168-3ef8-4ece-ba62-afb221b5e732"
      unitRef="usd">97257000</us-gaap:NetIncomeLoss>
    <us-gaap:OtherComprehensiveIncomeLossNetOfTax
      contextRef="i8aad96f812b54751bdeb1eebb7382271_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNC04LTEtMS0w_d2daaed9-00b4-489f-95a8-ef631a073b5c"
      unitRef="usd">9209000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossNetOfTax
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNC0xNC0xLTEtMA_796b3dd8-0863-4f07-a027-eabcb3b06620"
      unitRef="usd">9209000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
    <us-gaap:StockIssuedDuringPeriodSharesNewIssues
      contextRef="i5bf3a8ad6789496288b3e5fab11519ee_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNS0yLTEtMS0w_3f44488d-bcbd-466f-9b56-b93938e24720"
      unitRef="shares">806068</us-gaap:StockIssuedDuringPeriodSharesNewIssues>
    <us-gaap:StockIssuedDuringPeriodValueNewIssues
      contextRef="i5bf3a8ad6789496288b3e5fab11519ee_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNS00LTEtMS0w_ed450a29-1e24-4674-9407-5eb933e14030"
      unitRef="usd">8000</us-gaap:StockIssuedDuringPeriodValueNewIssues>
    <us-gaap:StockIssuedDuringPeriodValueNewIssues
      contextRef="ie10aa11215cf40c5b8c6ccfffbb77306_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNS02LTEtMS0w_e2033797-79ba-43ff-8fd4-ce9de813bc1b"
      unitRef="usd">13366000</us-gaap:StockIssuedDuringPeriodValueNewIssues>
    <us-gaap:StockIssuedDuringPeriodValueNewIssues
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNS0xNC0xLTEtMA_6cf36a45-94f8-4a1e-bd5e-0deaba6c105d"
      unitRef="usd">13374000</us-gaap:StockIssuedDuringPeriodValueNewIssues>
    <rwt:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans
      contextRef="i5bf3a8ad6789496288b3e5fab11519ee_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNy0yLTEtMS0w_aecd3b24-67c4-4666-9a9b-1907c2ddf3ae"
      unitRef="shares">102658</rwt:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans>
    <rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans
      contextRef="i5bf3a8ad6789496288b3e5fab11519ee_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNy00LTEtMS0w_9489c9d9-9d9a-43d0-aa77-8c0b48228599"
      unitRef="usd">1000</rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans>
    <rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans
      contextRef="ie10aa11215cf40c5b8c6ccfffbb77306_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNy02LTEtMS0w_11562cf1-1f8f-4017-995b-b0723ae33a8f"
      unitRef="usd">-811000</rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans>
    <rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfNy0xNC0xLTEtMA_ffb118fa-6d18-4005-a3e1-5743e773e002"
      unitRef="usd">-810000</rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans>
    <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
      contextRef="ie10aa11215cf40c5b8c6ccfffbb77306_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfOC02LTEtMS0w_93200fe6-b712-435d-9fd5-b4f3714a0844"
      unitRef="usd">4218000</us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
    <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfOC0xNC0xLTEtMA_093fccc9-3468-4737-bb92-118782f311f1"
      unitRef="usd">4218000</us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
    <us-gaap:CommonStockDividendsPerShareDeclared
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTAtMC0xLTEtMC90ZXh0cmVnaW9uOjFiMTU0ZjljYmRiYjQ4YjU4ZGZkYmUxZjAzYTEzMDA1XzMx_cc7723e2-83f8-43c5-bb16-de6f378d56c6"
      unitRef="usdPerShare">0.16</us-gaap:CommonStockDividendsPerShareDeclared>
    <us-gaap:DividendsCommonStock
      contextRef="ieb01081879264690b281ba1cf63d4c2a_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTAtMTItMS0xLTA_3dff7625-099f-474b-a173-050733730031"
      unitRef="usd">18572000</us-gaap:DividendsCommonStock>
    <us-gaap:DividendsCommonStock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTAtMTQtMS0xLTA_3a1f5742-456f-465e-b989-bf60f076714e"
      unitRef="usd">18572000</us-gaap:DividendsCommonStock>
    <us-gaap:SharesIssued
      contextRef="i7cd2c613d5fc46e18eb02657a382f5f3_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTEtMi0xLTEtMA_859cbdac-a192-489e-ba9c-fee03c6b1f75"
      unitRef="shares">112998732</us-gaap:SharesIssued>
    <us-gaap:StockholdersEquity
      contextRef="i7cd2c613d5fc46e18eb02657a382f5f3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTEtNC0xLTEtMA_001add58-4d38-423b-aa2d-36e0db5bacb8"
      unitRef="usd">1130000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="icb44e5ce22db4f8eba91e5ec3802acc3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTEtNi0xLTEtMA_379e1099-fd6e-41f8-aac6-8a49fb148832"
      unitRef="usd">2281647000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="if08ef2fe3f59450a8a4512f18505ec8c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTEtOC0xLTEtMA_ac76a5cb-b74e-48e2-9100-6876c7542390"
      unitRef="usd">4988000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="i63bc4d542f994ff8a49a3664e4d2689c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTEtMTAtMS0xLTA_99c420d6-6383-4ff5-889e-627915d08b8e"
      unitRef="usd">1094534000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="ifb7fb032bd4841ef8296e28fe37c9b21_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTEtMTItMS0xLTA_5ebafcc5-be42-4d59-b23b-d157a40069b2"
      unitRef="usd">-2166724000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjA5NGE5MDM5MmQ1MjRkNmY5YTBhNmEzZTRhMzA4MjYwL3RhYmxlcmFuZ2U6MDk0YTkwMzkyZDUyNGQ2ZjlhMGE2YTNlNGEzMDgyNjBfMTEtMTQtMS0xLTA_935ce046-d90c-4c01-9e47-3018c183abc4"
      unitRef="usd">1215575000</us-gaap:StockholdersEquity>
    <us-gaap:SharesIssued
      contextRef="i9d20c02db835427a9027df31aebd1aef_I20191231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMi0yLTEtMS0w_c449f237-e17d-4ad6-a210-854dda8619c2"
      unitRef="shares">114353036</us-gaap:SharesIssued>
    <us-gaap:StockholdersEquity
      contextRef="i9d20c02db835427a9027df31aebd1aef_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMi00LTEtMS0w_85ac3311-427c-41e4-a334-5c5c3cb33e75"
      unitRef="usd">1144000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="i1b07cc05bc854005a7e77f384b212318_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMi02LTEtMS0w_69b032e7-6771-4079-8787-efed3c55db09"
      unitRef="usd">2269617000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="ib7e164ae55da4b158e411cecbd9ce0b6_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMi04LTEtMS0w_5d709b8b-0c8c-4773-82b1-f98eb1f9f94c"
      unitRef="usd">41513000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="i63e0f93381f24d5a9485042e86593834_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMi0xMC0xLTEtMA_1815346e-6d93-4a9a-b328-60c7dd760406"
      unitRef="usd">1579124000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="i4da15819d3b54ba3bbadd65de4234652_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMi0xMi0xLTEtMA_2b6f9f66-6cb1-4ed1-bcab-8ad507fad574"
      unitRef="usd">-2064167000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="i63defda5d53a4b889b716222ce560cdb_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMi0xNC0xLTEtMA_53cdc3fa-f213-4eeb-bf61-35a26175b810"
      unitRef="usd">1827231000</us-gaap:StockholdersEquity>
    <us-gaap:NetIncomeLoss
      contextRef="id882a6e79bdf4589aa3b05b4a526b4e1_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMy0xMC0xLTEtMA_5a5c14bd-de97-4b89-9583-c29383fa9985"
      unitRef="usd">-943398000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMy0xNC0xLTEtMA_6f195f8e-9f3f-450c-8d0a-36a20a9c7f05"
      unitRef="usd">-943398000</us-gaap:NetIncomeLoss>
    <us-gaap:OtherComprehensiveIncomeLossNetOfTax
      contextRef="id37fb32bed8f40f2b27428b6e74924fd_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNC04LTEtMS0w_9673ce0d-99e6-4802-8c73-b2ff02697176"
      unitRef="usd">-127044000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossNetOfTax
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNC0xNC0xLTEtMA_1e140345-0d75-4dab-bc52-54dee36b9a96"
      unitRef="usd">-127044000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
    <us-gaap:StockIssuedDuringPeriodSharesNewIssues
      contextRef="i9a879fb4d53a4ed7847790160db69378_D20200101-20200331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNS0yLTEtMS0w_712b2bf9-aa65-4766-bb16-e40c0116a5c9"
      unitRef="shares">350088</us-gaap:StockIssuedDuringPeriodSharesNewIssues>
    <us-gaap:StockIssuedDuringPeriodValueNewIssues
      contextRef="i9a879fb4d53a4ed7847790160db69378_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNS00LTEtMS0w_dcb7206d-de06-46b1-b0f9-30de50a915f8"
      unitRef="usd">3000</us-gaap:StockIssuedDuringPeriodValueNewIssues>
    <us-gaap:StockIssuedDuringPeriodValueNewIssues
      contextRef="i0aada30b42c8466fb98d4ac41d62ea6b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNS02LTEtMS0w_c098541f-9452-4ba1-991a-16e37c60d114"
      unitRef="usd">5544000</us-gaap:StockIssuedDuringPeriodValueNewIssues>
    <us-gaap:StockIssuedDuringPeriodValueNewIssues
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNS0xNC0xLTEtMA_cee33fcd-2a3c-425c-83b2-3ef9fbf17ac4"
      unitRef="usd">5547000</us-gaap:StockIssuedDuringPeriodValueNewIssues>
    <rwt:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans
      contextRef="i9a879fb4d53a4ed7847790160db69378_D20200101-20200331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNy0yLTEtMS0w_32fb1af3-1320-44c5-8375-6f2faff20285"
      unitRef="shares">134409</rwt:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans>
    <rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans
      contextRef="i9a879fb4d53a4ed7847790160db69378_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNy00LTEtMS0w_bcea8a9d-96ab-4f86-95a3-e2870f6b043d"
      unitRef="usd">1000</rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans>
    <rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans
      contextRef="i0aada30b42c8466fb98d4ac41d62ea6b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNy02LTEtMS0w_7980fb3b-9dc1-44ec-9c59-3202642eb0cb"
      unitRef="usd">-2541000</rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans>
    <rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfNy0xNC0xLTEtMA_ca3650c5-5167-4dac-8754-7d6010210d43"
      unitRef="usd">-2540000</rwt:StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans>
    <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
      contextRef="i0aada30b42c8466fb98d4ac41d62ea6b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfOC02LTEtMS0w_39fcd475-ee00-4a04-b4ec-bc02a759a0e9"
      unitRef="usd">3188000</us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
    <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfOC0xNC0xLTEtMA_a96a37ad-8054-4ca0-a819-27cba940a45b"
      unitRef="usd">3188000</us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
    <us-gaap:CommonStockDividendsPerShareDeclared
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTAtMC0xLTEtMC90ZXh0cmVnaW9uOmJhNzhmMmRlNDE5ZTRmZmQ4YzhjMzVjMDMwOTNmNGQ1XzMx_dfb241c5-20f7-4bc0-80aa-2a26434afb2d"
      unitRef="usdPerShare">0.32</us-gaap:CommonStockDividendsPerShareDeclared>
    <us-gaap:DividendsCommonStock
      contextRef="ifdebd6c01c8a484c8009639606c1143d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTAtMTItMS0xLTA_9d02fe96-8ef9-450b-8665-a95f4f9057ea"
      unitRef="usd">37782000</us-gaap:DividendsCommonStock>
    <us-gaap:DividendsCommonStock
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTAtMTQtMS0xLTA_11d19f63-e6fa-4298-834a-2c6b49e73114"
      unitRef="usd">37782000</us-gaap:DividendsCommonStock>
    <us-gaap:SharesIssued
      contextRef="i39ab6968cc9f4d2e92e7e37cb03ba4ef_I20200331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTEtMi0xLTEtMA_d6af9a44-3776-4eb1-9a85-c1b516a8628a"
      unitRef="shares">114837533</us-gaap:SharesIssued>
    <us-gaap:StockholdersEquity
      contextRef="i39ab6968cc9f4d2e92e7e37cb03ba4ef_I20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTEtNC0xLTEtMA_2b5406cb-d862-4ff0-8ef1-82c103cc6dd8"
      unitRef="usd">1148000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="ib866c8b5ed3049a2808d8a4a5268702c_I20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTEtNi0xLTEtMA_1e55a3ea-81a3-477f-a315-1a9dc628065d"
      unitRef="usd">2275808000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="i33acfd13f5c54b91959abd9042533d0f_I20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTEtOC0xLTEtMA_f285441f-6727-4537-a1f9-0988f45121f7"
      unitRef="usd">-85531000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="ic3ba145d1d1b44908d5be73717078b14_I20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTEtMTAtMS0xLTA_f8ddc7ca-69aa-42c6-9c91-a51969e53375"
      unitRef="usd">635726000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="i7a97043cd4fa4b3181f40b3a0f2fbeed_I20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTEtMTItMS0xLTA_4fe1c8ea-ecb0-43b8-90c0-6e59cb26ab6b"
      unitRef="usd">-2101949000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="i4496b8fa66474fb7befa45ddc23d4823_I20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yNS9mcmFnOjMxYzNiN2U5ZDM4NDQzMjRiOGI5ZGMyYmFkYzczZGYyL3RhYmxlOjdiMzc2N2U5MzE1YjQ2NzVhMzdkNjg3NTNkZjRhMzlmL3RhYmxlcmFuZ2U6N2IzNzY3ZTkzMTViNDY3NWEzN2Q2ODc1M2RmNGEzOWZfMTEtMTQtMS0xLTA_b858fd98-bd87-419d-9984-144ce3fda117"
      unitRef="usd">725202000</us-gaap:StockholdersEquity>
    <us-gaap:NetIncomeLoss
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMy0yLTEtMS0w_f0197e2d-9232-4301-81d3-6e7d7dfbfb01"
      unitRef="usd">97257000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMy00LTEtMS0w_3ca3d246-5747-46fb-ac8e-69bdc1f07350"
      unitRef="usd">-943398000</us-gaap:NetIncomeLoss>
    <us-gaap:AccretionAmortizationOfDiscountsAndPremiumsInvestments
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNS0yLTEtMS0w_b5f81195-5410-4bff-9272-3bea2882ef35"
      unitRef="usd">-2216000</us-gaap:AccretionAmortizationOfDiscountsAndPremiumsInvestments>
    <us-gaap:AccretionAmortizationOfDiscountsAndPremiumsInvestments
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNS00LTEtMS0w_181198fa-e242-4eba-b063-58ab28fdf67a"
      unitRef="usd">596000</us-gaap:AccretionAmortizationOfDiscountsAndPremiumsInvestments>
    <us-gaap:DepreciationAndAmortization
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNi0yLTEtMS0w_1b927db5-af43-4427-a7ff-36ecdd7707e5"
      unitRef="usd">4172000</us-gaap:DepreciationAndAmortization>
    <us-gaap:DepreciationAndAmortization
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNi00LTEtMS0w_0bae1195-bb93-4f7e-ae06-4c1c3dd2b8b3"
      unitRef="usd">4677000</us-gaap:DepreciationAndAmortization>
    <us-gaap:PaymentsForOriginationOfMortgageLoansHeldForSale
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNy0yLTEtMS0w_19693088-7df9-4ed3-aa64-df04cd362210"
      unitRef="usd">254975000</us-gaap:PaymentsForOriginationOfMortgageLoansHeldForSale>
    <us-gaap:PaymentsForOriginationOfMortgageLoansHeldForSale
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNy00LTEtMS0w_24e86fea-1ca9-40fa-b3cd-af4132ffbd1e"
      unitRef="usd">280076000</us-gaap:PaymentsForOriginationOfMortgageLoansHeldForSale>
    <us-gaap:PaymentsToPurchaseLoansHeldForSale
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfOC0yLTEtMS0w_e97b3be8-79d9-40fb-8cb5-1fb653b0fdc3"
      unitRef="usd">3150432000</us-gaap:PaymentsToPurchaseLoansHeldForSale>
    <us-gaap:PaymentsToPurchaseLoansHeldForSale
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfOC00LTEtMS0w_bdca89d0-a079-4fb6-90fe-55b5c772321e"
      unitRef="usd">2665447000</us-gaap:PaymentsToPurchaseLoansHeldForSale>
    <us-gaap:ProceedsFromSaleOfLoansHeldForSale
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfOS0yLTEtMS0w_8e6a9d01-5190-4ad8-8ab3-7730aaa1b425"
      unitRef="usd">2345164000</us-gaap:ProceedsFromSaleOfLoansHeldForSale>
    <us-gaap:ProceedsFromSaleOfLoansHeldForSale
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfOS00LTEtMS0w_490aaf0d-ee17-4c61-a52c-80ca5b0db145"
      unitRef="usd">2733285000</us-gaap:ProceedsFromSaleOfLoansHeldForSale>
    <us-gaap:ProceedsFromCollectionOfLoansHeldForSale
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTAtMi0xLTEtMA_7bf4fc39-b2f4-4a63-82ec-34e468ff7862"
      unitRef="usd">4477000</us-gaap:ProceedsFromCollectionOfLoansHeldForSale>
    <us-gaap:ProceedsFromCollectionOfLoansHeldForSale
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTAtNC0xLTEtMA_17764a65-850e-4b4f-8f77-b58f35c97a8a"
      unitRef="usd">19778000</us-gaap:ProceedsFromCollectionOfLoansHeldForSale>
    <rwt:PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTEtMi0xLTEtMA_8c73371b-911e-4525-ae1a-81794e2f5afd"
      unitRef="usd">24849000</rwt:PaymentsForProceedsFromDerivativeInstrumentOperatingActivities>
    <rwt:PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTEtNC0xLTEtMA_724aaa22-6cfc-4a9b-b370-0648bb80f318"
      unitRef="usd">-163442000</rwt:PaymentsForProceedsFromDerivativeInstrumentOperatingActivities>
    <us-gaap:ShareBasedCompensation
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTMtMi0xLTEtMA_1b4fe263-e2e7-4d86-93fe-7dd8232e4d17"
      unitRef="usd">4218000</us-gaap:ShareBasedCompensation>
    <us-gaap:ShareBasedCompensation
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTMtNC0xLTEtMA_03136286-b1c1-4b41-89a9-6fa6c2e89897"
      unitRef="usd">3188000</us-gaap:ShareBasedCompensation>
    <us-gaap:GoodwillImpairmentLoss
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTQtMi0xLTEtMA_d26135dc-b352-4cfe-b048-72e73b49571b"
      unitRef="usd">0</us-gaap:GoodwillImpairmentLoss>
    <us-gaap:GoodwillImpairmentLoss
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTQtNC0xLTEtMA_574762dc-f1da-4af3-a0f3-6e4da09ac5a3"
      unitRef="usd">88675000</us-gaap:GoodwillImpairmentLoss>
    <rwt:MarketValuationAdjustmentsNet
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTUtMi0xLTEtMA_b6182ce2-3481-4a9f-9169-5bd3bb34d820"
      unitRef="usd">119783000</rwt:MarketValuationAdjustmentsNet>
    <rwt:MarketValuationAdjustmentsNet
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTUtNC0xLTEtMA_167aa908-2d78-405c-b634-a9658a1700ea"
      unitRef="usd">-912477000</rwt:MarketValuationAdjustmentsNet>
    <us-gaap:GainLossOnSaleOfInvestments
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTYtMi0xLTEtMA_95859a57-40e1-4307-8af7-f0e76664c067"
      unitRef="usd">2716000</us-gaap:GainLossOnSaleOfInvestments>
    <us-gaap:GainLossOnSaleOfInvestments
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTYtNC0xLTEtMA_da80600c-d7df-4059-bd70-e41b0b09c806"
      unitRef="usd">3852000</us-gaap:GainLossOnSaleOfInvestments>
    <us-gaap:IncreaseDecreaseInOtherOperatingAssets
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTgtMi0xLTEtMA_324c3472-103c-4115-9fa4-2c51e6a2ef15"
      unitRef="usd">-2565000</us-gaap:IncreaseDecreaseInOtherOperatingAssets>
    <us-gaap:IncreaseDecreaseInOtherOperatingAssets
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTgtNC0xLTEtMA_43e7c0ba-2622-4ba3-84ee-92e1c5d5bbef"
      unitRef="usd">-107740000</us-gaap:IncreaseDecreaseInOtherOperatingAssets>
    <us-gaap:IncreaseDecreaseInOperatingLiabilities
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTktMi0xLTEtMA_04e99543-83bb-415c-a044-c2eeda736955"
      unitRef="usd">76824000</us-gaap:IncreaseDecreaseInOperatingLiabilities>
    <us-gaap:IncreaseDecreaseInOperatingLiabilities
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMTktNC0xLTEtMA_16c8b60e-c586-46e4-abc0-36aeeded0483"
      unitRef="usd">-54414000</us-gaap:IncreaseDecreaseInOperatingLiabilities>
    <us-gaap:NetCashProvidedByUsedInOperatingActivities
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjAtMi0xLTEtMA_0da5e06b-2577-4d05-a073-dd66f362f824"
      unitRef="usd">-966164000</us-gaap:NetCashProvidedByUsedInOperatingActivities>
    <us-gaap:NetCashProvidedByUsedInOperatingActivities
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjAtNC0xLTEtMA_548376c5-7d7c-47e0-a637-72096447c926"
      unitRef="usd">-241405000</us-gaap:NetCashProvidedByUsedInOperatingActivities>
    <rwt:PaymentsForOriginationOfLoansHeldForInvestment
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjItMi0xLTEtMA_921db7a9-47e3-459d-88a9-bcbb8532de52"
      unitRef="usd">133229000</rwt:PaymentsForOriginationOfLoansHeldForInvestment>
    <rwt:PaymentsForOriginationOfLoansHeldForInvestment
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjItNC0xLTEtMA_42bd6036-5e53-4cb3-9ebe-6eb499b8323d"
      unitRef="usd">206634000</rwt:PaymentsForOriginationOfLoansHeldForInvestment>
    <us-gaap:ProceedsFromSaleOfFinanceReceivables
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjQtMi0xLTEtMA_d8725816-7a7d-4b72-9bba-163288ce0923"
      unitRef="usd">8877000</us-gaap:ProceedsFromSaleOfFinanceReceivables>
    <us-gaap:ProceedsFromSaleOfFinanceReceivables
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjQtNC0xLTEtMA_a0d50b00-f216-4b5a-b79d-ca033f870b05"
      unitRef="usd">0</us-gaap:ProceedsFromSaleOfFinanceReceivables>
    <us-gaap:ProceedsFromCollectionOfFinanceReceivables
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjUtMi0xLTEtMA_ecaff01e-0895-4e4e-a75c-d7f6dd12f564"
      unitRef="usd">649749000</us-gaap:ProceedsFromCollectionOfFinanceReceivables>
    <us-gaap:ProceedsFromCollectionOfFinanceReceivables
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjUtNC0xLTEtMA_837e7a0e-ea85-4d8d-9793-2dcc2449ac4f"
      unitRef="usd">638508000</us-gaap:ProceedsFromCollectionOfFinanceReceivables>
    <us-gaap:PaymentsToAcquireMarketableSecurities
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjYtMi0xLTEtMA_d0ac3f25-8021-4029-a2ea-9ec8f7fb8440"
      unitRef="usd">15880000</us-gaap:PaymentsToAcquireMarketableSecurities>
    <us-gaap:PaymentsToAcquireMarketableSecurities
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjYtNC0xLTEtMA_b634639b-3782-4320-9b3f-6591b83db614"
      unitRef="usd">52259000</us-gaap:PaymentsToAcquireMarketableSecurities>
    <us-gaap:ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjktMi0xLTEtMA_d6e57bc8-9b47-420d-bee5-7b3ff6ab494e"
      unitRef="usd">8197000</us-gaap:ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables>
    <us-gaap:ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMjktNC0xLTEtMA_a0426aad-a88c-4a0f-9ccd-9481176767fe"
      unitRef="usd">121000000</us-gaap:ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables>
    <us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzAtMi0xLTEtMA_bd311097-e553-46cd-9a58-d9b88848925a"
      unitRef="usd">25747000</us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities>
    <us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzAtNC0xLTEtMA_40b7d08a-4afc-4c31-af01-4b9d0153c230"
      unitRef="usd">529494000</us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities>
    <rwt:ProceedsFromPrincipalRepaymentsOnSecurities
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzEtMi0xLTEtMA_3c6a2eca-0dc9-41d5-93d6-c75289237378"
      unitRef="usd">11746000</rwt:ProceedsFromPrincipalRepaymentsOnSecurities>
    <rwt:ProceedsFromPrincipalRepaymentsOnSecurities
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzEtNC0xLTEtMA_ca0134d4-8583-4089-8261-3bcf7ed26afe"
      unitRef="usd">11952000</rwt:ProceedsFromPrincipalRepaymentsOnSecurities>
    <rwt:PaymentsForServicingAdvanceInvestments
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzItMi0xLTEtMA_a43fe104-c0f4-41ee-a8d8-ea57433c65b1"
      unitRef="usd">0</rwt:PaymentsForServicingAdvanceInvestments>
    <rwt:PaymentsForServicingAdvanceInvestments
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzItNC0xLTEtMA_9957d126-163d-4c26-a867-3d6b63428104"
      unitRef="usd">158618000</rwt:PaymentsForServicingAdvanceInvestments>
    <rwt:RepaymentsOfServicingAdvanceInvestments
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzMtMi0xLTEtMA_a5f9ee65-5bb4-4cad-bffd-2753a551a738"
      unitRef="usd">24804000</rwt:RepaymentsOfServicingAdvanceInvestments>
    <rwt:RepaymentsOfServicingAdvanceInvestments
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzMtNC0xLTEtMA_f61ecfb5-5807-4f3a-aaa7-bdf9480009ee"
      unitRef="usd">22815000</rwt:RepaymentsOfServicingAdvanceInvestments>
    <us-gaap:PaymentsForProceedsFromOtherInvestingActivities
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzktMi0xLTEtMA_e8b92bb9-eacb-4bb1-97b3-28ccd9736ce6"
      unitRef="usd">-2601000</us-gaap:PaymentsForProceedsFromOtherInvestingActivities>
    <us-gaap:PaymentsForProceedsFromOtherInvestingActivities
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfMzktNC0xLTEtMA_ffccda3d-44a0-4bd7-985d-1f19bb8cd5d8"
      unitRef="usd">-4328000</us-gaap:PaymentsForProceedsFromOtherInvestingActivities>
    <us-gaap:NetCashProvidedByUsedInInvestingActivities
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDAtMi0xLTEtMA_2d66923d-31c1-4362-86a2-48585ec8610f"
      unitRef="usd">582612000</us-gaap:NetCashProvidedByUsedInInvestingActivities>
    <us-gaap:NetCashProvidedByUsedInInvestingActivities
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDAtNC0xLTEtMA_449e4037-fd26-4c8d-b7ac-572c838db265"
      unitRef="usd">910586000</us-gaap:NetCashProvidedByUsedInInvestingActivities>
    <us-gaap:ProceedsFromShortTermDebt
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDItMi0xLTEtMA_b7cc3eba-f5b0-4e71-b287-ca25f10a2a87"
      unitRef="usd">2724508000</us-gaap:ProceedsFromShortTermDebt>
    <us-gaap:ProceedsFromShortTermDebt
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDItNC0xLTEtMA_c81ccafe-1dd0-4b6e-9d06-164de15cad62"
      unitRef="usd">2972646000</us-gaap:ProceedsFromShortTermDebt>
    <us-gaap:RepaymentsOfShortTermDebt
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDMtMi0xLTEtMA_c202bece-15cd-4608-9c9b-697b56d9b0b4"
      unitRef="usd">1993506000</us-gaap:RepaymentsOfShortTermDebt>
    <us-gaap:RepaymentsOfShortTermDebt
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDMtNC0xLTEtMA_f6f78946-f4c9-42a3-8ec4-2a0f40f0e49a"
      unitRef="usd">2960444000</us-gaap:RepaymentsOfShortTermDebt>
    <us-gaap:ProceedsFromIssuanceOfSecuredDebt
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDQtMi0xLTEtMA_35755aed-cf56-4347-bb9d-2506a366fba6"
      unitRef="usd">147086000</us-gaap:ProceedsFromIssuanceOfSecuredDebt>
    <us-gaap:ProceedsFromIssuanceOfSecuredDebt
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDQtNC0xLTEtMA_a65ef0b4-cda4-451e-a4ab-5999692cf399"
      unitRef="usd">377164000</us-gaap:ProceedsFromIssuanceOfSecuredDebt>
    <us-gaap:RepaymentsOfSecuredDebt
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDUtMi0xLTEtMA_4859d263-a8a8-40c3-9bfe-c3bd4e2ca767"
      unitRef="usd">507037000</us-gaap:RepaymentsOfSecuredDebt>
    <us-gaap:RepaymentsOfSecuredDebt
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDUtNC0xLTEtMA_df294b58-3a6c-4f60-be1b-5544cc83c0c1"
      unitRef="usd">363696000</us-gaap:RepaymentsOfSecuredDebt>
    <us-gaap:ProceedsFromOtherDebt
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDctMi0xLTEtMA_a1ca3473-9129-4f91-b2bc-fb9ffbab9769"
      unitRef="usd">164456000</us-gaap:ProceedsFromOtherDebt>
    <us-gaap:ProceedsFromOtherDebt
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDctNC0xLTEtMA_535b2e27-163b-43f3-abde-4235d964578b"
      unitRef="usd">133961000</us-gaap:ProceedsFromOtherDebt>
    <us-gaap:RepaymentsOfOtherDebt
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDktMi0xLTEtMA_4b5d9564-7e00-4e76-a9aa-3bdd33455270"
      unitRef="usd">154074000</us-gaap:RepaymentsOfOtherDebt>
    <us-gaap:RepaymentsOfOtherDebt
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNDktNC0xLTEtMA_6b077e4c-1db2-46ff-b1e5-f9e37f12420a"
      unitRef="usd">633448000</us-gaap:RepaymentsOfOtherDebt>
    <us-gaap:PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTAtMi0xLTEtMA_ac8d7087-b3d5-48ba-a471-6f88710f1c1b"
      unitRef="usd">0</us-gaap:PaymentsForProceedsFromDerivativeInstrumentFinancingActivities>
    <us-gaap:PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTAtNC0xLTEtMA_b372595e-bf35-4eae-931f-54b4be9c36a9"
      unitRef="usd">84336000</us-gaap:PaymentsForProceedsFromDerivativeInstrumentFinancingActivities>
    <us-gaap:ProceedsFromIssuanceOfCommonStock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTEtMi0xLTEtMA_b446486d-2fc8-412e-b854-ed65e969d226"
      unitRef="usd">115000</us-gaap:ProceedsFromIssuanceOfCommonStock>
    <us-gaap:ProceedsFromIssuanceOfCommonStock
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTEtNC0xLTEtMA_99e8e176-16cb-4c71-a6f4-2ac3a4aa4801"
      unitRef="usd">2262000</us-gaap:ProceedsFromIssuanceOfCommonStock>
    <us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTMtMi0xLTEtMA_087b8e62-d0d7-498d-aa2f-9da0c0c98d14"
      unitRef="usd">925000</us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation>
    <us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTMtNC0xLTEtMA_84313275-be49-4cdb-9265-a79ea0e5eef1"
      unitRef="usd">2632000</us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation>
    <us-gaap:PaymentsOfDividends
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTQtMi0xLTEtMA_8a1df9ed-f394-467c-83e9-3818d58655ab"
      unitRef="usd">18572000</us-gaap:PaymentsOfDividends>
    <us-gaap:PaymentsOfDividends
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTQtNC0xLTEtMA_67510814-dc4e-44ca-abf0-a539f105279d"
      unitRef="usd">0</us-gaap:PaymentsOfDividends>
    <us-gaap:ProceedsFromPaymentsForOtherFinancingActivities
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTUtMi0xLTEtMA_7315f469-be4d-4ff0-8032-4b8a87782f4c"
      unitRef="usd">-1155000</us-gaap:ProceedsFromPaymentsForOtherFinancingActivities>
    <us-gaap:ProceedsFromPaymentsForOtherFinancingActivities
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTUtNC0xLTEtMA_0a5b3528-67cb-4ee4-bccf-6c35c7ea918f"
      unitRef="usd">2494000</us-gaap:ProceedsFromPaymentsForOtherFinancingActivities>
    <us-gaap:NetCashProvidedByUsedInFinancingActivities
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTYtMi0xLTEtMA_c521e82d-3a12-49c1-b35b-1b6c2e587103"
      unitRef="usd">360896000</us-gaap:NetCashProvidedByUsedInFinancingActivities>
    <us-gaap:NetCashProvidedByUsedInFinancingActivities
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTYtNC0xLTEtMA_c876a7e3-74db-4852-97fb-fcbd4bbe3743"
      unitRef="usd">-556029000</us-gaap:NetCashProvidedByUsedInFinancingActivities>
    <us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTctMi0xLTEtMA_e9e75f31-4de9-4272-b1c7-ad8585712356"
      unitRef="usd">-22656000</us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect>
    <us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTctNC0xLTEtMA_6897265f-96cf-450c-95fd-0d0586d8d217"
      unitRef="usd">113152000</us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect>
    <us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTgtMi0xLTEtMA_95dcd752-733f-4424-a6ca-e719a229c58c"
      unitRef="usd">544450000</us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
    <us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
      contextRef="i63defda5d53a4b889b716222ce560cdb_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTgtNC0xLTEtMA_84d22d4c-ebe6-4111-9d37-3422a43542e5"
      unitRef="usd">290833000</us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
    <us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTktMi0xLTEtMA_927fb595-7b17-4177-b0e3-096290f6605c"
      unitRef="usd">521794000</us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
    <us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
      contextRef="i4496b8fa66474fb7befa45ddc23d4823_I20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTktNC0xLTEtMA_5630781e-367a-4a82-a520-e301073743ff"
      unitRef="usd">403985000</us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
    <us-gaap:InterestPaidNet
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjAtMi0xLTEtMA_e08b4e82-a6bb-44f1-8220-85616505d19d"
      unitRef="usd">99180000</us-gaap:InterestPaidNet>
    <us-gaap:InterestPaidNet
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjAtNC0xLTEtMA_68826f98-0b92-4616-95a0-bec59fda3939"
      unitRef="usd">170884000</us-gaap:InterestPaidNet>
    <us-gaap:IncomeTaxesPaid
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjEtMi0xLTEtMA_6a97d54a-df75-4318-9931-9db3ed91fc14"
      unitRef="usd">7000</us-gaap:IncomeTaxesPaid>
    <us-gaap:IncomeTaxesPaid
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjEtNC0xLTEtMA_3ce6a701-5212-4b03-9087-8bf95330bf5f"
      unitRef="usd">109000</us-gaap:IncomeTaxesPaid>
    <us-gaap:TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjMtMi0xLTEtMA_37486c9a-ef57-42d9-9b33-cde5505df917"
      unitRef="usd">7627000</us-gaap:TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds>
    <us-gaap:TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds
      contextRef="i4496b8fa66474fb7befa45ddc23d4823_I20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjMtNC0xLTEtMA_58b5941f-51ef-4d6e-9eae-af830fe47929"
      unitRef="usd">46560000</us-gaap:TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds>
    <rwt:ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjctMi0xLTEtMA_57f168f0-57c8-4977-b2fb-e3dfc50b03e3"
      unitRef="usd">0</rwt:ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts>
    <rwt:ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjctNC0xLTEtMA_cd5b25ef-1380-43c9-a85b-0bf04ff14c54"
      unitRef="usd">-3849779000</rwt:ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts>
    <rwt:ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjgtMi0xLTEtMA_f85663b0-d20d-42bc-bfad-e30b4dc9e683"
      unitRef="usd">0</rwt:ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities>
    <rwt:ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjgtNC0xLTEtMA_ba58317c-8970-408c-87ce-9e24e7a30c42"
      unitRef="usd">-3706789000</rwt:ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities>
    <us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjktMi0xLTEtMA_784bc5f5-eaa3-4030-8ac8-014dec0d3b99"
      unitRef="usd">301298000</us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1>
    <us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNjktNC0xLTEtMA_a9370b1a-0212-49dd-a752-a1dbdf66ccd4"
      unitRef="usd">382635000</us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1>
    <us-gaap:TransferOfPortfolioLoansAndLeasesToHeldForSale1
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzAtMi0xLTEtMA_9e138ac2-3533-40a5-b600-153cf6eaa355"
      unitRef="usd">0</us-gaap:TransferOfPortfolioLoansAndLeasesToHeldForSale1>
    <us-gaap:TransferOfPortfolioLoansAndLeasesToHeldForSale1
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzAtNC0xLTEtMA_abc1e48d-d23b-4f74-8edb-c00aa71fa021"
      unitRef="usd">1857781000</us-gaap:TransferOfPortfolioLoansAndLeasesToHeldForSale1>
    <us-gaap:TransferToOtherRealEstate
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzEtMi0xLTEtMA_4f4d4099-7271-4d47-96af-762f759e1e79"
      unitRef="usd">14684000</us-gaap:TransferToOtherRealEstate>
    <us-gaap:TransferToOtherRealEstate
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzEtNC0xLTEtMA_38aec85e-a9f6-4c74-be51-4dddf4e2c4b0"
      unitRef="usd">6363000</us-gaap:TransferToOtherRealEstate>
    <us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzMtMi0xLTEtMA_bfd5dd03-c2a6-416e-b603-7ea88adeaee6"
      unitRef="usd">0</us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability>
    <us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzMtNC0xLTEtMA_cb20d2e6-7c2a-4a01-b26d-8fdbf3626794"
      unitRef="usd">5362000</us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability>
    <us-gaap:DividendsPayableCurrentAndNoncurrent
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzUtMi0xLTEtMA_17c328af-9c0e-4c5e-b0fb-9311c1d97ea7"
      unitRef="usd">0</us-gaap:DividendsPayableCurrentAndNoncurrent>
    <us-gaap:DividendsPayableCurrentAndNoncurrent
      contextRef="i4496b8fa66474fb7befa45ddc23d4823_I20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzUtNC0xLTEtMA_4cdea421-27d8-41f1-9c02-624421101262"
      unitRef="usd">37800000</us-gaap:DividendsPayableCurrentAndNoncurrent>
    <us-gaap:StockIssuedDuringPeriodValueAcquisitions
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzYtMi0xLTEtNzAwNQ_bceab73a-5056-486c-9148-27b2fa43e631"
      unitRef="usd">13375000</us-gaap:StockIssuedDuringPeriodValueAcquisitions>
    <us-gaap:StockIssuedDuringPeriodValueAcquisitions
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOmUzZmI0ZjgxYjRjNzRkMDlhYWU4ZjkzYTI5ZDg0ZWFiL3RhYmxlcmFuZ2U6ZTNmYjRmODFiNGM3NGQwOWFhZThmOTNhMjlkODRlYWJfNzYtNC0xLTEtNzAwNQ_bff3e234-290a-4f8b-ba20-25fe9bc64ef8"
      unitRef="usd">3375000</us-gaap:StockIssuedDuringPeriodValueAcquisitions>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RleHRyZWdpb246ZWNlMzIyYzBiNzdiNGUzOWJjZGYzYTJjZGNmY2Y4ODhfMjY2_418bcb5a-9dd4-40b3-8913-ea09e36edf04"
      unitRef="usd">426000000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RleHRyZWdpb246ZWNlMzIyYzBiNzdiNGUzOWJjZGYzYTJjZGNmY2Y4ODhfMjky_ff60c4b7-4cd7-474d-88a2-e4e6f009323f"
      unitRef="usd">96000000</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RleHRyZWdpb246ZWNlMzIyYzBiNzdiNGUzOWJjZGYzYTJjZGNmY2Y4ODhfMzQ0_859937bf-eaa4-4c74-a8bc-e38e90f3d9e8"
      unitRef="usd">461000000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RleHRyZWdpb246ZWNlMzIyYzBiNzdiNGUzOWJjZGYzYTJjZGNmY2Y4ODhfMzcw_25e1ad83-cbba-4f1a-9041-9043b81f36e4"
      unitRef="usd">83000000</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:NatureOfOperations
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNC9mcmFnOmEyYjNjMTk2NzFmMjQ1NjI5MjU4YmM3N2ViZjUxMjNhL3RleHRyZWdpb246YTJiM2MxOTY3MWYyNDU2MjkyNThiYzc3ZWJmNTEyM2FfMjE5NA_0bd070d3-dfc2-4b1d-af41-135f43c8e4d9">Organization&lt;div style="margin-top:9pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Redwood Trust, Inc., together with its subsidiaries, is a specialty finance company focused on several distinct areas of housing credit. Our operating platforms occupy a unique position in the housing finance value chain, providing liquidity to growing segments of the U.S. housing market not served by government programs. We deliver customized housing credit investments to a diverse mix of investors, through our best-in-class securitization platforms; whole-loan distribution activities; and our publicly-traded shares. Our consolidated investment portfolio has evolved to incorporate a diverse mix of residential, business purpose and multifamily investments. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a commitment to technological innovation that facilitates risk-minded scale. We operate our business in three segments: Residential Lending, Business Purpose Lending, and Third-Party Investments.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Our primary sources of income are net interest income from our investments and non-interest income from our mortgage banking activities. Net interest income consists of the interest income we earn on investments less the interest expense we incur on borrowed funds and other liabilities. Income from mortgage banking activities is generated through the origination and acquisition of loans, and their subsequent sale, securitization, or transfer to our investment portfolios. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Redwood Trust, Inc. has elected to be taxed as a real estate investment trust (&#x201c;REIT&#x201d;) under the Internal Revenue Code of 1986, as amended (the &#x201c;Internal Revenue Code&#x201d;), beginning with its taxable year ended December 31, 1994. We generally refer, collectively, to Redwood Trust, Inc. and those of its subsidiaries that are not subject to subsidiary-level corporate income tax as &#x201c;the REIT&#x201d; or &#x201c;our REIT.&#x201d; We generally refer to subsidiaries of Redwood Trust, Inc. that are subject to subsidiary-level corporate income tax as &#x201c;our taxable REIT subsidiaries&#x201d; or &#x201c;TRS.&#x201d; &lt;/span&gt;&lt;/div&gt;Redwood was incorporated in the State of Maryland on April&#160;11, 1994, and commenced operations on August&#160;19, 1994. On March 1, 2019, Redwood completed the acquisition of 5 Arches, LLC ("5 Arches"), at which time 5 Arches became a wholly-owned subsidiary of Redwood. On October 15, 2019, Redwood acquired CoreVest American Finance Lender, LLC and certain affiliated entities ("CoreVest"), at which time CoreVest became wholly owned by Redwood. References herein to &#x201c;Redwood,&#x201d; the &#x201c;company,&#x201d; &#x201c;we,&#x201d; &#x201c;us,&#x201d; and &#x201c;our&#x201d; include Redwood Trust, Inc. and its consolidated subsidiaries, unless the context otherwise requires.</us-gaap:NatureOfOperations>
    <us-gaap:NumberOfOperatingSegments
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNC9mcmFnOmEyYjNjMTk2NzFmMjQ1NjI5MjU4YmM3N2ViZjUxMjNhL3RleHRyZWdpb246YTJiM2MxOTY3MWYyNDU2MjkyNThiYzc3ZWJmNTEyM2FfNDY1_9066523b-cd89-4200-849a-e2ded1fcebd0"
      unitRef="segment">3</us-gaap:NumberOfOperatingSegments>
    <us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTEwNzk_c84a5132-d160-488b-968b-e9a2a8e13b3a">Basis of PresentationThe consolidated financial statements presented herein are at March&#160;31, 2021 and December&#160;31, 2020, and for the three months ended March&#160;31, 2021 and 2020. These interim unaudited consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and note disclosures normally included in our annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") &#x2014;&#160;as prescribed by the Financial Accounting Standards Board&#x2019;s (&#x201c;FASB&#x201d;) Accounting Standards Codification (&#x201c;ASC&#x201d;)&#160;&#x2014;&#160;have been condensed or omitted in these interim financial statements according to these SEC rules and regulations. Management believes that the disclosures included in these interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the company's Annual Report on Form 10-K for the year ended December&#160;31, 2020. In the opinion of management, all normal and recurring adjustments to present fairly the financial condition of the Company at March&#160;31, 2021 and results of operations for all periods presented have been made. The results of operations for the three months ended March&#160;31, 2021 should not be construed as indicative of the results to be expected for the full year.&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Principles of Consolidation&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In accordance with GAAP, we determine whether we must consolidate transferred financial assets and variable interest entities (&#x201c;VIEs&#x201d;) for financial reporting purposes. We currently consolidate the assets and liabilities of certain Sequoia securitization entities issued prior to 2012 ("Legacy Sequoia"), entities formed in connection with the securitization of Redwood Choice expanded-prime loans ("Sequoia Choice"), and entities formed in connection with the securitization of single-family rental loans ("CAFL"). We also consolidate the assets and liabilities of certain Freddie Mac K-Series and Freddie Mac Seasoned Loans Structured Transaction ("SLST") securitizations in which we have invested. Each securitization entity is independent of Redwood and of each other and the assets and liabilities are not owned by and are not legal obligations of Redwood Trust, Inc. Our exposure to these entities is primarily through the financial interests we have purchased or retained, although for the consolidated Sequoia and CAFL entities we are exposed to certain financial risks associated with our role as a sponsor, servicing administrator, or depositor of these entities or as a result of our having sold assets directly or indirectly to these entities. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;For financial reporting purposes, the underlying loans owned at the consolidated Sequoia and Freddie Mac SLST entities are shown under Residential loans held-for-investment at fair value, the underlying loans at the consolidated Freddie Mac K-Series entity are shown under Multifamily loans held-for-investment at fair value, and the underlying single-family rental loans at the consolidated CAFL entities are shown under Business purpose loans held-for-investment at fair value on our consolidated balance sheets. The asset-backed securities (&#x201c;ABS&#x201d;) issued to third parties by these entities are shown under ABS issued. In our consolidated statements of income (loss), we recorded interest income on the loans owned at these entities and interest expense on the ABS issued by these entities as well as other income and expenses associated with these entities' activities. See &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Note 14&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; for further discussion on ABS issued.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We also consolidate two partnerships ("Servicing Investment" entities) through which we have invested in servicing-related assets. We maintain an 80% ownership interest in each entity and have determined that we are the primary beneficiary of these partnerships.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;See &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Note 4&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; for further discussion on principles of consolidation. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Use of Estimates &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The preparation of financial statements requires us to make a number of significant estimates. These include estimates of fair value of certain assets and liabilities, amounts and timing of credit losses, prepayment rates, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reported periods. It is likely that changes in these estimates (e.g., valuation changes due to supply and demand, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. Our estimates are inherently subjective in nature and actual results could differ from our estimates and the differences could be material.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Acquisitions &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Refer to our Annual Report on Form 10-K for the year ended December&#160;31, 2020 for additional information regarding the acquisitions of 5 Arches and CoreVest, including purchase price allocations.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In connection with the acquisitions of 5 Arches and CoreVest in 2019, we identified and recorded finite-lived intangible assets totaling $25 million and $57 million, respectively. The table below presents the amortization period and carrying value of our intangible assets, net of accumulated amortization at March&#160;31, 2021 and December&#160;31, 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 2.1 &#x2013; Intangible Assets &#x2013; Activity&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:34.455%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.316%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.316%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.316%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.321%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:18pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Intangible Assets at Acquisition&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Accumulated Amortization at March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Carrying Value at March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Weighted Average Amortization Period (in years)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Borrower network&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;45,300&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(9,437)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;35,863&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;7&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Broker network&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;18,100&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(7,542)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;10,558&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Non-compete agreements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;9,500&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(5,222)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4,278&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Tradenames&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(2,194)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,806&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Developed technology&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(1,313)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;487&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Loan administration fees on existing loan assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2,600&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(2,600)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;81,300&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(28,308)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;52,992&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;6&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:34.455%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.316%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.316%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.316%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.321%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:18pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Intangible Assets at Acquisition&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Accumulated Amortization at December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Carrying Value at December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Weighted Average Amortization Period (in years)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Borrower network&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;45,300&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(7,819)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;37,481&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;7&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Broker network&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;18,100&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(6,637)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;11,463&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Non-compete agreements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;9,500&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(4,431)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5,069&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Tradenames&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(1,860)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2,140&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Developed technology&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(1,088)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;712&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Loan administration fees on existing loan assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2,600&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(2,600)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;81,300&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(24,435)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;56,865&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;6&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;All of our intangible assets are amortized on a straight-line basis. For each of the three months ended March&#160;31, 2021 and 2020, we recorded intangible asset amortization expense of $4 million. Estimated future amortization expense is summarized in the table below. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 2.2 &#x2013; Intangible Asset Amortization Expense by Year&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:77.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:19.318%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2021 (9 months)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,431&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,091&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,073&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2025 and thereafter&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,597&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Future Intangible Asset Amortization&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52,992&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify;text-indent:18pt"&gt;&lt;span&gt;&lt;br/&gt;&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;On a quarterly basis, we evaluate our finite-lived intangible assets for impairment indicators and additionally evaluate the useful lives of our intangible assets to determine if revisions to the remaining periods of amortization are warranted. We reviewed our finite-lived intangible assets and determined that the estimated lives were appropriate and that there were no indicators of impairment at March&#160;31, 2021.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;A liability resulting from the contingent consideration arrangement with 5 Arches was initially recorded in 2019 at its acquisition-date fair value as part of total consideration for the acquisition of 5 Arches. During the three months ended March&#160;31, 2021, we distributed 806,068 shares of Redwood common stock and paid $1 million in cash in full settlement of the remaining deferred consideration associated with this acquisition.&lt;/span&gt;&lt;/div&gt;</us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock>
    <us-gaap:BasisOfAccountingPolicyPolicyTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTEwODQ_6b444d32-912c-4be4-a34b-ec1735fbb952">Basis of PresentationThe consolidated financial statements presented herein are at March&#160;31, 2021 and December&#160;31, 2020, and for the three months ended March&#160;31, 2021 and 2020. These interim unaudited consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and note disclosures normally included in our annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") &#x2014;&#160;as prescribed by the Financial Accounting Standards Board&#x2019;s (&#x201c;FASB&#x201d;) Accounting Standards Codification (&#x201c;ASC&#x201d;)&#160;&#x2014;&#160;have been condensed or omitted in these interim financial statements according to these SEC rules and regulations. Management believes that the disclosures included in these interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the company's Annual Report on Form 10-K for the year ended December&#160;31, 2020. In the opinion of management, all normal and recurring adjustments to present fairly the financial condition of the Company at March&#160;31, 2021 and results of operations for all periods presented have been made. The results of operations for the three months ended March&#160;31, 2021 should not be construed as indicative of the results to be expected for the full year.</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
    <us-gaap:ConsolidationPolicyTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTEwNzI_74803a6b-69e8-4804-9cb9-f509adad6581">&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Principles of Consolidation&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In accordance with GAAP, we determine whether we must consolidate transferred financial assets and variable interest entities (&#x201c;VIEs&#x201d;) for financial reporting purposes. We currently consolidate the assets and liabilities of certain Sequoia securitization entities issued prior to 2012 ("Legacy Sequoia"), entities formed in connection with the securitization of Redwood Choice expanded-prime loans ("Sequoia Choice"), and entities formed in connection with the securitization of single-family rental loans ("CAFL"). We also consolidate the assets and liabilities of certain Freddie Mac K-Series and Freddie Mac Seasoned Loans Structured Transaction ("SLST") securitizations in which we have invested. Each securitization entity is independent of Redwood and of each other and the assets and liabilities are not owned by and are not legal obligations of Redwood Trust, Inc. Our exposure to these entities is primarily through the financial interests we have purchased or retained, although for the consolidated Sequoia and CAFL entities we are exposed to certain financial risks associated with our role as a sponsor, servicing administrator, or depositor of these entities or as a result of our having sold assets directly or indirectly to these entities. &lt;/span&gt;&lt;/div&gt;For financial reporting purposes, the underlying loans owned at the consolidated Sequoia and Freddie Mac SLST entities are shown under Residential loans held-for-investment at fair value, the underlying loans at the consolidated Freddie Mac K-Series entity are shown under Multifamily loans held-for-investment at fair value, and the underlying single-family rental loans at the consolidated CAFL entities are shown under Business purpose loans held-for-investment at fair value on our consolidated balance sheets. The asset-backed securities (&#x201c;ABS&#x201d;) issued to third parties by these entities are shown under ABS issued. In our consolidated statements of income (loss), we recorded interest income on the loans owned at these entities and interest expense on the ABS issued by these entities as well as other income and expenses associated with these entities' activities.</us-gaap:ConsolidationPolicyTextBlock>
    <rwt:NumberOfPartnershipsConsolidated
      contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfNDMwMg_b0428535-5343-402f-8341-81df4b283014"
      unitRef="partnership">2</rwt:NumberOfPartnershipsConsolidated>
    <us-gaap:VariableInterestEntityOwnershipPercentage
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfNDQyNw_e3741e45-be4b-4709-90e2-2058637b999b"
      unitRef="number">0.80</us-gaap:VariableInterestEntityOwnershipPercentage>
    <us-gaap:UseOfEstimates
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTExMDA_c7012100-f4aa-4b84-9c73-4be1b4c9d15d">&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Use of Estimates &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The preparation of financial statements requires us to make a number of significant estimates. These include estimates of fair value of certain assets and liabilities, amounts and timing of credit losses, prepayment rates, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reported periods. It is likely that changes in these estimates (e.g., valuation changes due to supply and demand, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. Our estimates are inherently subjective in nature and actual results could differ from our estimates and the differences could be material.&lt;/span&gt;&lt;/div&gt;</us-gaap:UseOfEstimates>
    <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
      contextRef="ibb655d421b2f4d0d895a60ebf75bb660_I20191231"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTA5OTUxMTYzOTQ3OA_6966c4ca-3403-460d-9ddb-49f171f9fd6a"
      unitRef="usd">25000000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles>
    <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
      contextRef="i072e50207a4a44d8b991fc84eb64155e_I20191231"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTA5OTUxMTYzOTQ4Ng_c50b5ea4-3438-4165-be1f-cf40407536c5"
      unitRef="usd">57000000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles>
    <us-gaap:ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMjE5OTAyMzI4MDg4Nw_f85d722f-7d11-4607-8613-ddef841f5bda">The table below presents the amortization period and carrying value of our intangible assets, net of accumulated amortization at March&#160;31, 2021 and December&#160;31, 2020. &lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 2.1 &#x2013; Intangible Assets &#x2013; Activity&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:34.455%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.316%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.316%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.316%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.321%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:18pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Intangible Assets at Acquisition&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Accumulated Amortization at March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Carrying Value at March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Weighted Average Amortization Period (in years)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Borrower network&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;45,300&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(9,437)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;35,863&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;7&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Broker network&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;18,100&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(7,542)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;10,558&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Non-compete agreements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;9,500&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(5,222)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4,278&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Tradenames&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(2,194)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,806&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Developed technology&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(1,313)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;487&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Loan administration fees on existing loan assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2,600&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(2,600)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;81,300&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(28,308)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;52,992&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;6&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:34.455%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.316%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.316%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.316%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.321%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:18pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Intangible Assets at Acquisition&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Accumulated Amortization at December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Carrying Value at December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Weighted Average Amortization Period (in years)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Borrower network&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;45,300&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(7,819)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;37,481&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;7&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Broker network&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;18,100&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(6,637)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;11,463&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Non-compete agreements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;9,500&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(4,431)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5,069&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Tradenames&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(1,860)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2,140&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Developed technology&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(1,088)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;712&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Loan administration fees on existing loan assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2,600&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(2,600)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;81,300&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(24,435)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;56,865&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;6&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i745d19ad1af64fc59aea8f70c859355b_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfMi0yLTEtMS0yMDA_be40a828-14f9-4d68-b16c-3744e2beb5d5"
      unitRef="usd">45300000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization
      contextRef="i288c847c056942489a78d80fef6ce754_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfMi00LTEtMS0yMDA_70b1a3d0-9e00-4193-84f7-127c82a7db86"
      unitRef="usd">9437000</us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i288c847c056942489a78d80fef6ce754_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfMi02LTEtMS00MDE0_d09fa267-3420-49f5-b881-11474350b8a8"
      unitRef="usd">35863000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetUsefulLife
      contextRef="i44c8252f3ba344efae9aabe1415a9a09_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfMi04LTEtMS0xNzU_29882272-cff2-42b9-81f9-0ba5c7686426">P7Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="ib4da90a8f9dd417da10b774f7f34080b_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfMy0yLTEtMS0yMDA_3a3dc363-58e4-43ec-909d-30a7398b6ac0"
      unitRef="usd">18100000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization
      contextRef="i564901a14f27402090d60a19ffcf3373_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfMy00LTEtMS0yMDA_984dbdd8-f374-4abe-9760-538e1afb7894"
      unitRef="usd">7542000</us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i564901a14f27402090d60a19ffcf3373_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfMy02LTEtMS00MDE0_08cf8327-de6b-433b-be29-2c148d3e7507"
      unitRef="usd">10558000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetUsefulLife
      contextRef="i95a51203dd2b48b9841b9f3756c3f5c3_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfMy04LTEtMS0xNzU_2d3bb84b-6e2e-47be-95e3-c770b5bf1388">P5Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i6be9492ad4a34e17b14602bb2ea6bd42_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNC0yLTEtMS0yMDA_76c0d226-b0b5-4110-9565-4bb7d1a69550"
      unitRef="usd">9500000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization
      contextRef="ic67f02c72b5a411fac8dca9ac60edf4e_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNC00LTEtMS0yMDA_10ac5762-ee93-4537-a2b0-e9b527287736"
      unitRef="usd">5222000</us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="ic67f02c72b5a411fac8dca9ac60edf4e_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNC02LTEtMS00MDE0_7362de9a-de5f-4ca8-bea1-73d2d592ecac"
      unitRef="usd">4278000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetUsefulLife
      contextRef="i2e22425386cc4446bbced832bc3d93f2_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNC04LTEtMS0xNzU_000ca56d-2092-44aa-9a4d-bba83c6f992c">P3Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="ifc581827cd3642b2bef44abd153965f6_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNS0yLTEtMS0yMDA_357db376-bf7a-4a8e-bd0c-43b768f32da5"
      unitRef="usd">4000000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization
      contextRef="i7faa97de403840028c23fe06d1d0bab9_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNS00LTEtMS0yMDA_0deaeaa7-8708-48fc-9035-065fe20e512e"
      unitRef="usd">2194000</us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i7faa97de403840028c23fe06d1d0bab9_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNS02LTEtMS00MDE0_332a64ce-e4f6-4a45-bf42-b2bcffc0170e"
      unitRef="usd">1806000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetUsefulLife
      contextRef="if4499592e5e6420ead3026f91dbd45e0_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNS04LTEtMS0xNzU_313f976f-dc60-4967-8dff-abe2ee2ead5e">P3Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i85a160a40f8947f0a1fe7fb32a9b3e33_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNi0yLTEtMS0yMDA_e06fda9c-3ec1-4a12-873b-4bc5a8f9b81e"
      unitRef="usd">1800000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization
      contextRef="i3556188d1aae49b09449b69dad5abe77_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNi00LTEtMS0yMDA_4e4e55d8-f80f-44e9-bf6c-5e972da8cf7c"
      unitRef="usd">1313000</us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i3556188d1aae49b09449b69dad5abe77_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNi02LTEtMS00MDE0_46f2e1de-e1d2-4433-bce2-ed870b46f9a3"
      unitRef="usd">487000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetUsefulLife
      contextRef="i3aa91625ba5f4745a8a5ad599d365d9e_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNi04LTEtMS0xNzU_6290fa9b-8a3a-4663-848d-be4bfeefae09">P2Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i013a089b9c374e1080558892a2e525b3_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNy0yLTEtMS0yMDA_fcaab827-c51c-45b6-8f42-99580dd65437"
      unitRef="usd">2600000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization
      contextRef="i3ba7d88e742649cf93cf340c6bbc6376_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNy00LTEtMS0yMDA_d40e49e6-58f7-4006-afbb-1f1795841ffe"
      unitRef="usd">2600000</us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i3ba7d88e742649cf93cf340c6bbc6376_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNy02LTEtMS00MDE0_01e75e59-a603-4bf4-9513-88610647dc9c"
      unitRef="usd">0</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetUsefulLife
      contextRef="i3f16431e13074f498cea53277bd7cff6_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfNy04LTEtMS0xNzU_0f6fc114-0a18-4eb0-8ebe-d1cba8545d8d">P1Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i38b722744fc34e14aa506349c7a35ca2_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfOC0yLTEtMS00MDE2_b42814ff-00cb-4952-8c24-959ceeddd06e"
      unitRef="usd">81300000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization
      contextRef="i9f33e73ca17240e39e63af2fd00f76c1_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfOC00LTEtMS00MDIy_a94905ef-d649-4419-bdf6-fef676ff4f7e"
      unitRef="usd">28308000</us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i9f33e73ca17240e39e63af2fd00f76c1_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfOC02LTEtMS00MDE0_feabe59b-eb06-45ea-9c4f-83026be528c6"
      unitRef="usd">52992000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetUsefulLife
      contextRef="icbec59a70c6a4d80a4bd2781bd384408_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ3MWZmZGIzZGM3OTQwM2U4ZmFiZmU4NWZiMjFmMWRhL3RhYmxlcmFuZ2U6NDcxZmZkYjNkYzc5NDAzZThmYWJmZTg1ZmIyMWYxZGFfOC04LTEtMS0xNzU_07065f98-1f85-42b0-b154-0068de30fb88">P6Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i745d19ad1af64fc59aea8f70c859355b_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfMi0yLTEtMS0xOTI_3eb93ed3-e481-4767-b553-9fd84a897bcb"
      unitRef="usd">45300000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization
      contextRef="ia4667260abcf4098b42796adf29b3540_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfMi00LTEtMS0xOTI_043c3b81-d857-4eaf-8de3-590fe4411f6a"
      unitRef="usd">7819000</us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="ia4667260abcf4098b42796adf29b3540_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfMi02LTEtMS00MDE5_805b1002-d807-49f3-a9ea-ea3f2ed8d719"
      unitRef="usd">37481000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetUsefulLife
      contextRef="i44c8252f3ba344efae9aabe1415a9a09_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfMi04LTEtMS0xOTY_603f9592-f388-4f9e-afa2-0b3c1db4605c">P7Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="ib4da90a8f9dd417da10b774f7f34080b_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfMy0yLTEtMS0xOTI_ba0f49bd-cc26-46ab-94a2-b1eeb199522d"
      unitRef="usd">18100000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization
      contextRef="i0f3d9c4ed5af4b63b461030e99c2f2ba_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfMy00LTEtMS0xOTI_c8857a2e-6aaf-4128-acae-5cd46ca17851"
      unitRef="usd">6637000</us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i0f3d9c4ed5af4b63b461030e99c2f2ba_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfMy02LTEtMS00MDE5_6f5de6d9-fca7-470b-b586-951c5817a3c7"
      unitRef="usd">11463000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetUsefulLife
      contextRef="i95a51203dd2b48b9841b9f3756c3f5c3_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfMy04LTEtMS0xOTY_e814f425-8826-4bf9-961c-15896e1638b5">P5Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i6be9492ad4a34e17b14602bb2ea6bd42_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNC0yLTEtMS0xOTI_551436bc-f277-4457-9fa1-1547b855b6e3"
      unitRef="usd">9500000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization
      contextRef="i1c1d3428298344aba61c74c8fd83ba2e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNC00LTEtMS0xOTI_87f964e2-d65f-430c-b2bf-7f99c3a24eab"
      unitRef="usd">4431000</us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i1c1d3428298344aba61c74c8fd83ba2e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNC02LTEtMS00MDE5_a620fdfd-9291-45c8-8cb8-7b4d122bf64f"
      unitRef="usd">5069000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetUsefulLife
      contextRef="i2e22425386cc4446bbced832bc3d93f2_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNC04LTEtMS0xOTY_0a496a69-b48f-4f7e-aeac-a9c629fe71cc">P3Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="ifc581827cd3642b2bef44abd153965f6_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNS0yLTEtMS0xOTI_52da7f7f-e1a7-4814-a807-abda12dc4aea"
      unitRef="usd">4000000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization
      contextRef="i96ea6c0117334864a930707ca2b94ca6_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNS00LTEtMS0xOTI_087d27ce-0cbe-4111-9c8f-ebac571eafbc"
      unitRef="usd">1860000</us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i96ea6c0117334864a930707ca2b94ca6_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNS02LTEtMS00MDE5_6bfc1cda-9830-48f0-b8a5-7f3e8e1cf565"
      unitRef="usd">2140000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetUsefulLife
      contextRef="if4499592e5e6420ead3026f91dbd45e0_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNS04LTEtMS0xOTY_8edd3f8d-2843-4991-9ad4-b8ba077fd33b">P3Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i85a160a40f8947f0a1fe7fb32a9b3e33_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNi0yLTEtMS0xOTI_4842e929-0448-4870-8a4c-05bf215d45b6"
      unitRef="usd">1800000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization
      contextRef="ifb146e564a7546efb14599b295cdf7e9_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNi00LTEtMS0xOTI_5dbd8a25-406b-412a-93b0-83b657d59fca"
      unitRef="usd">1088000</us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="ifb146e564a7546efb14599b295cdf7e9_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNi02LTEtMS00MDE5_3eb59cf7-b3a2-4d13-9817-7d3a444e2a4f"
      unitRef="usd">712000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetUsefulLife
      contextRef="i3aa91625ba5f4745a8a5ad599d365d9e_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNi04LTEtMS0xOTY_088a470e-dec8-4c4f-aa72-cd9833fd4969">P2Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i013a089b9c374e1080558892a2e525b3_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNy0yLTEtMS0xOTI_93f6e73e-c803-4545-9cc1-2f042e31bb24"
      unitRef="usd">2600000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization
      contextRef="ie44b05c660a747c4a5542b7e4c24deb2_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNy00LTEtMS0xOTI_0c78d640-c994-4efb-ae11-963e17156a77"
      unitRef="usd">2600000</us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="ie44b05c660a747c4a5542b7e4c24deb2_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNy02LTEtMS00MDE5_1686e377-51e3-4c43-9c2e-561a0bac1587"
      unitRef="usd">0</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetUsefulLife
      contextRef="i3f16431e13074f498cea53277bd7cff6_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfNy04LTEtMS0xOTY_0a3519d7-53be-4dbb-82b3-d6397b226236">P1Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i38b722744fc34e14aa506349c7a35ca2_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfOC0yLTEtMS00MDE5_99a9c828-e171-46ca-a926-3346e3eb0510"
      unitRef="usd">81300000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization
      contextRef="ie2b4fa91c3ab400484356ccaa5f8dd1f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfOC00LTEtMS00MDE5_3ebab04e-b811-41ce-9edd-a310e3ffe3c7"
      unitRef="usd">24435000</us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="ie2b4fa91c3ab400484356ccaa5f8dd1f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfOC02LTEtMS00MDE5_3c055fb7-26fc-462d-adb6-c39f1cb78d60"
      unitRef="usd">56865000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetUsefulLife
      contextRef="icbec59a70c6a4d80a4bd2781bd384408_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjdmYjk2OTQ2NTQ3NTRhYjlhYWIzMDQwMzIyMmIwMjcyL3RhYmxlcmFuZ2U6N2ZiOTY5NDY1NDc1NGFiOWFhYjMwNDAzMjIyYjAyNzJfOC04LTEtMS0xOTY_ad8cb4c8-1598-4b0c-a599-7133a8dc38ab">P6Y</us-gaap:FiniteLivedIntangibleAssetUsefulLife>
    <rwt:AmortizationofPurchaseRelatedIntangibleAssets
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTA5OTUxMTY0MDA3Ng_33c65c60-6d40-48a2-accc-6adca886a66d"
      unitRef="usd">4000000</rwt:AmortizationofPurchaseRelatedIntangibleAssets>
    <rwt:AmortizationofPurchaseRelatedIntangibleAssets
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTA5OTUxMTY0MDA3Ng_a05273e0-8fde-4cf5-a37f-177f8e4a6f85"
      unitRef="usd">4000000</rwt:AmortizationofPurchaseRelatedIntangibleAssets>
    <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTEwODY_8e2bf4ec-ad16-4729-b0e1-c2d249db0387">. Estimated future amortization expense is summarized in the table below. &lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 2.2 &#x2013; Intangible Asset Amortization Expense by Year&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:77.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:19.318%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2021 (9 months)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,431&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,091&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,073&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2025 and thereafter&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,597&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Future Intangible Asset Amortization&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52,992&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock>
    <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ1N2Q2NTNjNDk0YjRlZWFhNDYxMzM5MWYwZGZiNDY5L3RhYmxlcmFuZ2U6NDU3ZDY1M2M0OTRiNGVlYWE0NjEzMzkxZjBkZmI0NjlfMy02LTEtMS0w_d602ae48-d7c0-4b16-b534-1ffc9d2b9f65"
      unitRef="usd">11431000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear>
    <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ1N2Q2NTNjNDk0YjRlZWFhNDYxMzM5MWYwZGZiNDY5L3RhYmxlcmFuZ2U6NDU3ZDY1M2M0OTRiNGVlYWE0NjEzMzkxZjBkZmI0NjlfNC02LTEtMS0w_5fa46d23-5ac2-4575-aa55-2a293173913e"
      unitRef="usd">12800000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths>
    <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ1N2Q2NTNjNDk0YjRlZWFhNDYxMzM5MWYwZGZiNDY5L3RhYmxlcmFuZ2U6NDU3ZDY1M2M0OTRiNGVlYWE0NjEzMzkxZjBkZmI0NjlfNS02LTEtMS0w_a3ed2eb9-84ea-4740-9e40-26e22e03012f"
      unitRef="usd">10091000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo>
    <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ1N2Q2NTNjNDk0YjRlZWFhNDYxMzM5MWYwZGZiNDY5L3RhYmxlcmFuZ2U6NDU3ZDY1M2M0OTRiNGVlYWE0NjEzMzkxZjBkZmI0NjlfNi02LTEtMS0w_01c77e85-b3d6-4f87-a551-ab1bc07e77eb"
      unitRef="usd">7073000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearThree>
    <rwt:FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ1N2Q2NTNjNDk0YjRlZWFhNDYxMzM5MWYwZGZiNDY5L3RhYmxlcmFuZ2U6NDU3ZDY1M2M0OTRiNGVlYWE0NjEzMzkxZjBkZmI0NjlfNy02LTEtMS0w_110e2af9-7d3e-4ddc-a918-01aa019daa59"
      unitRef="usd">11597000</rwt:FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter>
    <us-gaap:FiniteLivedIntangibleAssetsNet
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RhYmxlOjQ1N2Q2NTNjNDk0YjRlZWFhNDYxMzM5MWYwZGZiNDY5L3RhYmxlcmFuZ2U6NDU3ZDY1M2M0OTRiNGVlYWE0NjEzMzkxZjBkZmI0NjlfOC02LTEtMS0w_439a4097-9ca4-4de0-8e13-0676ca2d7a33"
      unitRef="usd">52992000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <rwt:BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares
      contextRef="i50e4916114a3496b96c44a9fef064940_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTA5OTUxMTY1MzEwNQ_bbc49747-0eaf-4d52-baad-d5cc7d9a854c"
      unitRef="shares">806068</rwt:BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares>
    <us-gaap:PaymentForContingentConsiderationLiabilityFinancingActivities
      contextRef="i50e4916114a3496b96c44a9fef064940_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8zNy9mcmFnOjFkZjdhYzYxZDliMzQxMzViYzNjOTc2MDg0N2NmOTQ2L3RleHRyZWdpb246MWRmN2FjNjFkOWIzNDEzNWJjM2M5NzYwODQ3Y2Y5NDZfMTA5OTUxMTY1MzE4MQ_352fdb74-30fb-42ed-a342-5687c4a136af"
      unitRef="usd">1000000</us-gaap:PaymentForContingentConsiderationLiabilityFinancingActivities>
    <us-gaap:SignificantAccountingPoliciesTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RleHRyZWdpb246M2E5MmM3MDA5YTk4NGM5M2E5NDRhNjNjZTgxN2FhMWVfMTI4Mzg_11fb2ed0-2679-4e35-9211-3fed936541d5">Summary of Significant Accounting Policies&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Significant Accounting Policies&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Included in &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Note 3 &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;to the Consolidated Financial Statements of our&#160;Annual Report on Form 10-K for the year ended March&#160;31, 2021 is a summary of our significant accounting policies. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Recent Accounting Pronouncements&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Newly Adopted Accounting Standards Updates ("ASUs")&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In October 2020, the FASB issued ASU 2020-10, "Codification Improvements." This new guidance updates various codification topics by clarifying or improving disclosure requirements. This new guidance is effective for fiscal years ending after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In October 2020, the FASB issued ASU 2020-09, "Debt (Topic 470): Amendments to SEC Paragraphs Pursuant to SEC Release No. 33-10762." This new guidance aligns certain SEC paragraphs in the codification with new SEC rules issued in March 2020 related to changes to the disclosure requirements for registered debt securities. This new guidance became effective January 4, 2021. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In October 2020, the FASB issued ASU 2020-08, "Codification Improvements to Subtopic 310-20, Receivables - Nonrefundable Fees and Other Costs." This new guidance clarifies that an entity should reevaluate whether a callable debt security is within the scope of paragraph 310-20-35-33 for each reporting period. This new guidance is effective for fiscal years ending after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In January 2020, the FASB issued ASU 2020-01, "Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)." This new guidance clarifies the interaction of the accounting for equity securities, equity method investments, and certain forward contracts and purchased options. This new guidance is effective for fiscal years beginning after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes." This new guidance simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740 and by clarifying and amending existing guidance. This new guidance is effective for fiscal years beginning after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Other Recent Accounting Pronouncements&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In August 2020, the FASB issued ASU 2020-06, "Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40)." This new guidance simplifies the accounting for convertible debt by reducing the number of accounting models to separately present certain conversion features in equity. This new guidance is effective for fiscal years beginning after December 31, 2021. Early adoption is permitted. We plan to adopt this new guidance by the required date and do not anticipate that this update will have a material impact on our consolidated financial statements.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." This new guidance provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. In January 2021, the FASB issued ASU 2021-01, "Reference Rate Reform (Topic 848): Scope." This new guidance clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. This new guidance is effective for all entities as of March 12, 2020 through December 31, 2022. We are currently evaluating the impact the adoption of this standard would have on our consolidated financial statements. Through March&#160;31, 2021, we have not elected to apply the optional expedients and exceptions to any of our existing contracts, hedging relationships, or other transactions.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Balance Sheet Netting &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Certain of our derivatives and short-term debt are subject to master netting arrangements or similar agreements. Under GAAP, in certain circumstances we may elect to present certain financial assets, liabilities and related collateral subject to master netting arrangements in a net position on our consolidated balance sheets. However, we do not report any of these financial assets or liabilities on a net basis, and instead present them on a gross basis on our consolidated balance sheets. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The table below presents financial assets and liabilities that are subject to master netting arrangements or similar agreements categorized by financial instrument, together with corresponding financial instruments and corresponding collateral received or pledged at March&#160;31, 2021 and December&#160;31, 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 3.1 &#x2013; Offsetting of Financial Assets, Liabilities, and Collateral&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:27.869%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.045%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:32pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Gross Amounts of Recognized Assets (Liabilities)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Gross Amounts Offset in Consolidated Balance Sheet&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Gross Amounts Not Offset in Consolidated &lt;br/&gt;Balance Sheet &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Net Amount&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:41pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;March 31, 2021 (In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Financial Instruments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Cash Collateral (Received) Pledged&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Assets &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Interest rate agreements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;87,960&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;87,960&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(74,052)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;13,908&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;TBAs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;40,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;40,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(29,648)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(8,696)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;2,456&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Total Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;128,760&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;128,760&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(29,648)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(82,748)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;16,364&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;TBAs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(35,621)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(35,621)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;29,648&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;5,973&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Futures&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(2,451)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(2,451)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;2,451&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Loan warehouse debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(839,224)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(839,224)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;839,224&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Security repurchase agreements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(81,670)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(81,670)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;81,670&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Total Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(958,966)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(958,966)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;950,542&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;8,424&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:27.869%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.045%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:32pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Gross Amounts of Recognized Assets (Liabilities)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Gross Amounts Offset in Consolidated Balance Sheet&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Gross Amounts Not Offset in Consolidated &lt;br/&gt;Balance Sheet &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Net Amount&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:41pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;December 31, 2020 (In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Financial Instruments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Cash Collateral (Received) Pledged&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Assets &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Interest rate agreements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;19,951&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;19,951&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(7,769)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;12,182&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;TBAs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;18,260&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;18,260&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(13,423)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(4,658)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;179&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Total Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;38,211&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;38,211&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(13,423)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(12,427)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;12,361&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;TBAs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(15,495)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(15,495)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;13,423&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,061&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(1,011)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Loan warehouse debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(137,269)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(137,269)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;137,269&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Security repurchase agreements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(77,775)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(77,775)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;77,775&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Total Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(230,539)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(230,539)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;228,467&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,061&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(1,011)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Amounts presented in these columns are limited in total to the net amount of assets or liabilities presented in the prior column by instrument. In certain cases, there is excess cash collateral or financial assets we have pledged to a counterparty (which may, in certain circumstances, be a clearinghouse) that exceed the financial liabilities subject to a master netting arrangement or similar agreement. Additionally, in certain cases, counterparties may have pledged excess cash collateral to us that exceeds our corresponding financial assets. In each case, any of these excess amounts are excluded from the table although they are separately reported in our consolidated balance sheets as assets or liabilities, respectively.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Interest rate agreements and TBAs are components of derivatives instruments on our consolidated balance sheets. Loan warehouse debt, which is secured by certain residential and business purpose loans, and security repurchase agreements are components of Short-term debt and Long-term debt on our consolidated balance sheets. &lt;/span&gt;&lt;/div&gt;For each category of financial instrument set forth in the table above, the assets and liabilities resulting from individual transactions within that category between us and a counterparty are subject to a master netting arrangement or similar agreement with that counterparty that provides for individual transactions to be aggregated and treated as a single transaction. For certain categories of these instruments, some of our transactions are cleared and settled through one or more clearinghouses that are substituted as our counterparty. References herein to master netting arrangements or similar agreements include the arrangements and agreements governing the clearing and settlement of these transactions through the clearinghouses. In the event of the termination and close-out of any of those transactions, the corresponding master netting agreement or similar agreement provides for settlement on a net basis. Any such settlement would include the proceeds of the liquidation of any corresponding collateral, subject to certain limitations on termination, settlement, and liquidation of collateral that may apply in the event of the bankruptcy or insolvency of a party. Such limitations should not inhibit the eventual practical realization of the principal benefits of those transactions or the corresponding master netting arrangement or similar agreement and any corresponding collateral.</us-gaap:SignificantAccountingPoliciesTextBlock>
    <us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RleHRyZWdpb246M2E5MmM3MDA5YTk4NGM5M2E5NDRhNjNjZTgxN2FhMWVfMTI3OTY_1e95d912-72b2-4f5a-a68d-1b2c7e0c4912">&lt;div style="margin-top:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Recent Accounting Pronouncements&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Newly Adopted Accounting Standards Updates ("ASUs")&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In October 2020, the FASB issued ASU 2020-10, "Codification Improvements." This new guidance updates various codification topics by clarifying or improving disclosure requirements. This new guidance is effective for fiscal years ending after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In October 2020, the FASB issued ASU 2020-09, "Debt (Topic 470): Amendments to SEC Paragraphs Pursuant to SEC Release No. 33-10762." This new guidance aligns certain SEC paragraphs in the codification with new SEC rules issued in March 2020 related to changes to the disclosure requirements for registered debt securities. This new guidance became effective January 4, 2021. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In October 2020, the FASB issued ASU 2020-08, "Codification Improvements to Subtopic 310-20, Receivables - Nonrefundable Fees and Other Costs." This new guidance clarifies that an entity should reevaluate whether a callable debt security is within the scope of paragraph 310-20-35-33 for each reporting period. This new guidance is effective for fiscal years ending after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In January 2020, the FASB issued ASU 2020-01, "Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)." This new guidance clarifies the interaction of the accounting for equity securities, equity method investments, and certain forward contracts and purchased options. This new guidance is effective for fiscal years beginning after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes." This new guidance simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740 and by clarifying and amending existing guidance. This new guidance is effective for fiscal years beginning after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Other Recent Accounting Pronouncements&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In August 2020, the FASB issued ASU 2020-06, "Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40)." This new guidance simplifies the accounting for convertible debt by reducing the number of accounting models to separately present certain conversion features in equity. This new guidance is effective for fiscal years beginning after December 31, 2021. Early adoption is permitted. We plan to adopt this new guidance by the required date and do not anticipate that this update will have a material impact on our consolidated financial statements.&lt;/span&gt;&lt;/div&gt;In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." This new guidance provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. In January 2021, the FASB issued ASU 2021-01, "Reference Rate Reform (Topic 848): Scope." This new guidance clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. This new guidance is effective for all entities as of March 12, 2020 through December 31, 2022. We are currently evaluating the impact the adoption of this standard would have on our consolidated financial statements. Through March&#160;31, 2021, we have not elected to apply the optional expedients and exceptions to any of our existing contracts, hedging relationships, or other transactions.</us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock>
    <rwt:BalanceSheetNettingPolicyTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RleHRyZWdpb246M2E5MmM3MDA5YTk4NGM5M2E5NDRhNjNjZTgxN2FhMWVfMTI4MTQ_5ab5e5dc-b923-4463-ac07-17873fb2b62f">Balance Sheet Netting Certain of our derivatives and short-term debt are subject to master netting arrangements or similar agreements. Under GAAP, in certain circumstances we may elect to present certain financial assets, liabilities and related collateral subject to master netting arrangements in a net position on our consolidated balance sheets. However, we do not report any of these financial assets or liabilities on a net basis, and instead present them on a gross basis on our consolidated balance sheets.For each category of financial instrument set forth in the table above, the assets and liabilities resulting from individual transactions within that category between us and a counterparty are subject to a master netting arrangement or similar agreement with that counterparty that provides for individual transactions to be aggregated and treated as a single transaction. For certain categories of these instruments, some of our transactions are cleared and settled through one or more clearinghouses that are substituted as our counterparty. References herein to master netting arrangements or similar agreements include the arrangements and agreements governing the clearing and settlement of these transactions through the clearinghouses. In the event of the termination and close-out of any of those transactions, the corresponding master netting agreement or similar agreement provides for settlement on a net basis. Any such settlement would include the proceeds of the liquidation of any corresponding collateral, subject to certain limitations on termination, settlement, and liquidation of collateral that may apply in the event of the bankruptcy or insolvency of a party. Such limitations should not inhibit the eventual practical realization of the principal benefits of those transactions or the corresponding master netting arrangement or similar agreement and any corresponding collateral.</rwt:BalanceSheetNettingPolicyTextBlock>
    <rwt:OffsettingAssetAndLiabilitiesTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RleHRyZWdpb246M2E5MmM3MDA5YTk4NGM5M2E5NDRhNjNjZTgxN2FhMWVfMTI3OTg_e064a593-2028-4703-8681-c2a3efc74588">&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The table below presents financial assets and liabilities that are subject to master netting arrangements or similar agreements categorized by financial instrument, together with corresponding financial instruments and corresponding collateral received or pledged at March&#160;31, 2021 and December&#160;31, 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 3.1 &#x2013; Offsetting of Financial Assets, Liabilities, and Collateral&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:27.869%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.045%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:32pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Gross Amounts of Recognized Assets (Liabilities)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Gross Amounts Offset in Consolidated Balance Sheet&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Gross Amounts Not Offset in Consolidated &lt;br/&gt;Balance Sheet &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Net Amount&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:41pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;March 31, 2021 (In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Financial Instruments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Cash Collateral (Received) Pledged&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Assets &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Interest rate agreements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;87,960&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;87,960&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(74,052)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;13,908&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;TBAs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;40,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;40,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(29,648)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(8,696)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;2,456&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Total Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;128,760&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;128,760&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(29,648)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(82,748)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;16,364&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;TBAs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(35,621)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(35,621)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;29,648&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;5,973&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Futures&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(2,451)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(2,451)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;2,451&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Loan warehouse debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(839,224)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(839,224)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;839,224&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Security repurchase agreements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(81,670)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(81,670)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;81,670&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Total Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(958,966)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(958,966)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;950,542&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;8,424&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:27.869%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.042%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.045%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:32pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Gross Amounts of Recognized Assets (Liabilities)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Gross Amounts Offset in Consolidated Balance Sheet&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Gross Amounts Not Offset in Consolidated &lt;br/&gt;Balance Sheet &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Net Amount&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:41pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;December 31, 2020 (In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Financial Instruments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Cash Collateral (Received) Pledged&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Assets &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Interest rate agreements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;19,951&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;19,951&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(7,769)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;12,182&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;TBAs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;18,260&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;18,260&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(13,423)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(4,658)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;179&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Total Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;38,211&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;38,211&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(13,423)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(12,427)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;12,361&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;TBAs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(15,495)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(15,495)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;13,423&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,061&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(1,011)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Loan warehouse debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(137,269)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(137,269)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;137,269&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Security repurchase agreements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(77,775)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(77,775)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;77,775&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Total Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(230,539)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(230,539)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;228,467&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,061&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(1,011)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Amounts presented in these columns are limited in total to the net amount of assets or liabilities presented in the prior column by instrument. In certain cases, there is excess cash collateral or financial assets we have pledged to a counterparty (which may, in certain circumstances, be a clearinghouse) that exceed the financial liabilities subject to a master netting arrangement or similar agreement. Additionally, in certain cases, counterparties may have pledged excess cash collateral to us that exceeds our corresponding financial assets. In each case, any of these excess amounts are excluded from the table although they are separately reported in our consolidated balance sheets as assets or liabilities, respectively.&lt;/span&gt;&lt;/div&gt;(2)Interest rate agreements and TBAs are components of derivatives instruments on our consolidated balance sheets. Loan warehouse debt, which is secured by certain residential and business purpose loans, and security repurchase agreements are components of Short-term debt and Long-term debt on our consolidated balance sheets.</rwt:OffsettingAssetAndLiabilitiesTableTextBlock>
    <us-gaap:DerivativeFairValueOfDerivativeAsset
      contextRef="idb9a9f2f18514ea3ad5a1a150a34b849_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMy0yLTEtMS0w_2f1536ed-3d47-497c-8068-21c6e3f5d372"
      unitRef="usd">87960000</us-gaap:DerivativeFairValueOfDerivativeAsset>
    <us-gaap:DerivativeAssetFairValueGrossLiability
      contextRef="idb9a9f2f18514ea3ad5a1a150a34b849_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMy00LTEtMS0w_72311b37-cc57-4e7f-9fc1-d01695ab5d18"
      unitRef="usd">0</us-gaap:DerivativeAssetFairValueGrossLiability>
    <us-gaap:DerivativeAssets
      contextRef="idb9a9f2f18514ea3ad5a1a150a34b849_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMy02LTEtMS0w_ed54561b-23a2-4051-a887-4c0d781f4a2f"
      unitRef="usd">87960000</us-gaap:DerivativeAssets>
    <us-gaap:DerivativeCollateralObligationToReturnSecurities
      contextRef="idb9a9f2f18514ea3ad5a1a150a34b849_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMy04LTEtMS0w_89cdc1e0-dc13-42ee-8d74-530f19bafa40"
      unitRef="usd">0</us-gaap:DerivativeCollateralObligationToReturnSecurities>
    <us-gaap:DerivativeCollateralObligationToReturnCash
      contextRef="idb9a9f2f18514ea3ad5a1a150a34b849_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMy0xMC0xLTEtMA_398df873-181f-44f8-8620-1d70e3c2e230"
      unitRef="usd">74052000</us-gaap:DerivativeCollateralObligationToReturnCash>
    <us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
      contextRef="idb9a9f2f18514ea3ad5a1a150a34b849_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMy0xMi0xLTEtMA_12cb387f-e040-44e5-93c1-236f6cb36aa9"
      unitRef="usd">13908000</us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection>
    <us-gaap:DerivativeFairValueOfDerivativeAsset
      contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNS0yLTEtMS0w_47f80eb6-204a-488a-a909-dcb4fa680f58"
      unitRef="usd">40800000</us-gaap:DerivativeFairValueOfDerivativeAsset>
    <us-gaap:DerivativeAssetFairValueGrossLiability
      contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNS00LTEtMS0w_d3d4de44-a7ca-479c-add6-b022fe089f49"
      unitRef="usd">0</us-gaap:DerivativeAssetFairValueGrossLiability>
    <us-gaap:DerivativeAssets
      contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNS02LTEtMS0w_c479b766-90ce-4eda-9a31-0a6d872b3351"
      unitRef="usd">40800000</us-gaap:DerivativeAssets>
    <us-gaap:DerivativeCollateralObligationToReturnSecurities
      contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNS04LTEtMS0w_48c8a44b-b3af-4e18-b0d5-d55eea443f23"
      unitRef="usd">29648000</us-gaap:DerivativeCollateralObligationToReturnSecurities>
    <us-gaap:DerivativeCollateralObligationToReturnCash
      contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNS0xMC0xLTEtMA_95da36e2-229b-4db8-89a7-83abfe4748db"
      unitRef="usd">8696000</us-gaap:DerivativeCollateralObligationToReturnCash>
    <us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
      contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNS0xMi0xLTEtMA_733cd0f8-74ed-4f36-ad17-0a248fe91a9f"
      unitRef="usd">2456000</us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection>
    <us-gaap:DerivativeFairValueOfDerivativeAsset
      contextRef="i56dde58093f34d03877cdf10564c24c8_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNy0yLTEtMS0w_859164bb-888d-4fd7-beaa-f1157a59565b"
      unitRef="usd">128760000</us-gaap:DerivativeFairValueOfDerivativeAsset>
    <us-gaap:DerivativeAssetFairValueGrossLiability
      contextRef="i56dde58093f34d03877cdf10564c24c8_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNy00LTEtMS0w_0fc3eb27-930e-44c0-9507-f4789dcf96ed"
      unitRef="usd">0</us-gaap:DerivativeAssetFairValueGrossLiability>
    <us-gaap:DerivativeAssets
      contextRef="i56dde58093f34d03877cdf10564c24c8_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNy02LTEtMS0w_3c6bfe3d-11b2-4c2c-924c-55f023158437"
      unitRef="usd">128760000</us-gaap:DerivativeAssets>
    <us-gaap:DerivativeCollateralObligationToReturnSecurities
      contextRef="i56dde58093f34d03877cdf10564c24c8_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNy04LTEtMS0w_bc7ef088-36c4-4e3a-a2c7-ea3a3dac9b9d"
      unitRef="usd">29648000</us-gaap:DerivativeCollateralObligationToReturnSecurities>
    <us-gaap:DerivativeCollateralObligationToReturnCash
      contextRef="i56dde58093f34d03877cdf10564c24c8_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNy0xMC0xLTEtMA_c57d6316-878f-459d-9a17-9a8b00d24351"
      unitRef="usd">82748000</us-gaap:DerivativeCollateralObligationToReturnCash>
    <us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
      contextRef="i56dde58093f34d03877cdf10564c24c8_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfNy0xMi0xLTEtMA_50ff7e47-5580-4dbb-801f-1df77b6ef0ff"
      unitRef="usd">16364000</us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection>
    <us-gaap:DerivativeFairValueOfDerivativeLiability
      contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTEtMi0xLTEtMA_056afce0-daf7-4b5d-a1f0-0d4ddf91a53e"
      unitRef="usd">35621000</us-gaap:DerivativeFairValueOfDerivativeLiability>
    <us-gaap:DerivativeLiabilityFairValueGrossAsset
      contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTEtNC0xLTEtMA_8ee571a6-fec4-4e6d-8e04-ae86d874c540"
      unitRef="usd">0</us-gaap:DerivativeLiabilityFairValueGrossAsset>
    <us-gaap:DerivativeLiabilities
      contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTEtNi0xLTEtMA_bd023a02-3855-481d-b9cc-b4a064f0558c"
      unitRef="usd">35621000</us-gaap:DerivativeLiabilities>
    <us-gaap:DerivativeCollateralRightToReclaimSecurities
      contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTEtOC0xLTEtMA_8487b0e4-ccdc-46c8-a0a0-34fa577e2408"
      unitRef="usd">29648000</us-gaap:DerivativeCollateralRightToReclaimSecurities>
    <us-gaap:DerivativeCollateralRightToReclaimCash
      contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTEtMTAtMS0xLTA_f153576d-1530-4854-8393-f1f138ab96d5"
      unitRef="usd">5973000</us-gaap:DerivativeCollateralRightToReclaimCash>
    <us-gaap:DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
      contextRef="if6464943a9ac4116ad9a37577e3fa32d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTEtMTItMS0xLTA_25d953a5-28da-46c1-b7d7-ccbae344752e"
      unitRef="usd">0</us-gaap:DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection>
    <us-gaap:DerivativeFairValueOfDerivativeLiability
      contextRef="i1cce4f4aee194f33bb98a5b4843fc949_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTItMi0xLTEtMA_27fb5348-c071-4b8f-be94-987a4ff1a5eb"
      unitRef="usd">2451000</us-gaap:DerivativeFairValueOfDerivativeLiability>
    <us-gaap:DerivativeLiabilityFairValueGrossAsset
      contextRef="i1cce4f4aee194f33bb98a5b4843fc949_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTItNC0xLTEtMA_2de9aeb4-ec0c-4c5a-a189-5e9a574fce93"
      unitRef="usd">0</us-gaap:DerivativeLiabilityFairValueGrossAsset>
    <us-gaap:DerivativeLiabilities
      contextRef="i1cce4f4aee194f33bb98a5b4843fc949_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTItNi0xLTEtMA_a873d4d5-3772-4a03-af28-fddd0efdab9c"
      unitRef="usd">2451000</us-gaap:DerivativeLiabilities>
    <us-gaap:DerivativeCollateralRightToReclaimSecurities
      contextRef="i1cce4f4aee194f33bb98a5b4843fc949_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTItOC0xLTEtMA_0782c09e-7ed8-47f4-b6a3-ad749678c0c0"
      unitRef="usd">0</us-gaap:DerivativeCollateralRightToReclaimSecurities>
    <us-gaap:DerivativeCollateralRightToReclaimCash
      contextRef="i1cce4f4aee194f33bb98a5b4843fc949_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTItMTAtMS0xLTA_82d7b65f-67b4-49d9-85a0-c004aa0ecb47"
      unitRef="usd">2451000</us-gaap:DerivativeCollateralRightToReclaimCash>
    <us-gaap:DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
      contextRef="i1cce4f4aee194f33bb98a5b4843fc949_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTItMTItMS0xLTYxODY_b68bb16a-b439-4f2d-9c3f-c47d40353b70"
      unitRef="usd">0</us-gaap:DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseGross
      contextRef="i02064474e406474ab40a7fa3f385977b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTMtMi0xLTEtMA_5684c0cc-a73a-4f46-bca5-25578e6115d5"
      unitRef="usd">839224000</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseGross>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAsset
      contextRef="i02064474e406474ab40a7fa3f385977b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTMtNC0xLTEtMA_87726ec2-a0b9-4f60-a021-2e0d68e3a977"
      unitRef="usd">0</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAsset>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchase
      contextRef="i02064474e406474ab40a7fa3f385977b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTMtNi0xLTEtMA_1e775ac8-c84a-4465-98b2-efcc682d8027"
      unitRef="usd">839224000</us-gaap:SecuritiesSoldUnderAgreementsToRepurchase>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
      contextRef="i02064474e406474ab40a7fa3f385977b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTMtOC0xLTEtMA_a152c3cc-7521-4669-80a5-e5aa350866b9"
      unitRef="usd">839224000</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash
      contextRef="i02064474e406474ab40a7fa3f385977b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTMtMTAtMS0xLTA_7074f5a2-4852-4218-99aa-aa25f4c0e87a"
      unitRef="usd">0</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral
      contextRef="i02064474e406474ab40a7fa3f385977b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTMtMTItMS0xLTA_f58bd207-6967-4c0e-8246-6ba2065d8850"
      unitRef="usd">0</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseGross
      contextRef="iddb7658a90684c71bbb0745462122232_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTQtMi0xLTEtMA_8abe5f88-8b02-4c69-bd1e-f31bacc38240"
      unitRef="usd">81670000</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseGross>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAsset
      contextRef="iddb7658a90684c71bbb0745462122232_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTQtNC0xLTEtMA_f139ea52-6bb3-495a-93e9-826ab5f5aa4e"
      unitRef="usd">0</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAsset>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchase
      contextRef="iddb7658a90684c71bbb0745462122232_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTQtNi0xLTEtMA_2c9b8543-7c22-49de-bf6c-7cbd34cc5288"
      unitRef="usd">81670000</us-gaap:SecuritiesSoldUnderAgreementsToRepurchase>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
      contextRef="iddb7658a90684c71bbb0745462122232_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTQtOC0xLTEtMA_5b523f6a-644f-47d3-baf3-509d4bfb42e7"
      unitRef="usd">81670000</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash
      contextRef="iddb7658a90684c71bbb0745462122232_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTQtMTAtMS0xLTA_4498b2b7-b310-4fb2-b6d9-5ca85400c0da"
      unitRef="usd">0</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral
      contextRef="iddb7658a90684c71bbb0745462122232_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTQtMTItMS0xLTA_df3f7325-2723-431e-9734-f2f9af82f0d4"
      unitRef="usd">0</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral>
    <us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTUtMi0xLTEtMA_66f8419f-ea70-4ea0-b2e0-906ea0f47f06"
      unitRef="usd">958966000</us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross>
    <us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTUtNC0xLTEtMA_f9a40aa7-474b-4e57-8e4d-f3ac96ff5524"
      unitRef="usd">0</us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset>
    <us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTUtNi0xLTEtMA_414fbed0-d76b-47da-9abf-a81f20ad4b66"
      unitRef="usd">958966000</us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned>
    <us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTUtOC0xLTEtMA_89386536-3600-4da2-afcb-0f0618d96d5e"
      unitRef="usd">950542000</us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities>
    <us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTUtMTAtMS0xLTA_2cf703fb-6317-494d-acf1-38b3559cf7fd"
      unitRef="usd">8424000</us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash>
    <us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjk3OGQ1NWQ2NTU5ODQyN2VhMjZiZTNlMDllZmVmY2VjL3RhYmxlcmFuZ2U6OTc4ZDU1ZDY1NTk4NDI3ZWEyNmJlM2UwOWVmZWZjZWNfMTUtMTItMS0xLTA_4db305a1-064c-4fc3-ac62-a2cc08c1385f"
      unitRef="usd">0</us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral>
    <us-gaap:DerivativeFairValueOfDerivativeAsset
      contextRef="i7bf3261f9d434a09a50313a1b163668d_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMy0yLTEtMS0w_522f0d3a-d4b2-4755-8b42-050a72352877"
      unitRef="usd">19951000</us-gaap:DerivativeFairValueOfDerivativeAsset>
    <us-gaap:DerivativeAssetFairValueGrossLiability
      contextRef="i7bf3261f9d434a09a50313a1b163668d_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMy00LTEtMS0w_0fd9920e-db7b-4878-b06b-7871cf553f0b"
      unitRef="usd">0</us-gaap:DerivativeAssetFairValueGrossLiability>
    <us-gaap:DerivativeAssets
      contextRef="i7bf3261f9d434a09a50313a1b163668d_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMy02LTEtMS0w_cbb95742-7cd2-4285-981f-524ba70f0490"
      unitRef="usd">19951000</us-gaap:DerivativeAssets>
    <us-gaap:DerivativeCollateralObligationToReturnSecurities
      contextRef="i7bf3261f9d434a09a50313a1b163668d_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMy04LTEtMS0w_da102be9-d4dc-4a02-9c04-625c74826b21"
      unitRef="usd">0</us-gaap:DerivativeCollateralObligationToReturnSecurities>
    <us-gaap:DerivativeCollateralObligationToReturnCash
      contextRef="i7bf3261f9d434a09a50313a1b163668d_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMy0xMC0xLTEtMA_7da33460-6b98-450b-b47a-ea21d203e27b"
      unitRef="usd">7769000</us-gaap:DerivativeCollateralObligationToReturnCash>
    <us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
      contextRef="i7bf3261f9d434a09a50313a1b163668d_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMy0xMi0xLTEtMA_80e4ac76-de8c-476d-abad-6c25407bcb5e"
      unitRef="usd">12182000</us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection>
    <us-gaap:DerivativeFairValueOfDerivativeAsset
      contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNS0yLTEtMS0w_90083bef-d06e-4498-b9c0-7352205dcfeb"
      unitRef="usd">18260000</us-gaap:DerivativeFairValueOfDerivativeAsset>
    <us-gaap:DerivativeAssetFairValueGrossLiability
      contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNS00LTEtMS0w_b3efc215-0d58-410f-a8b6-3951dbb0fba7"
      unitRef="usd">0</us-gaap:DerivativeAssetFairValueGrossLiability>
    <us-gaap:DerivativeAssets
      contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNS02LTEtMS0w_4d139a90-6b7a-4bf0-900a-19a2253a3d50"
      unitRef="usd">18260000</us-gaap:DerivativeAssets>
    <us-gaap:DerivativeCollateralObligationToReturnSecurities
      contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNS04LTEtMS0w_8fbdfda3-c5ea-441b-9b0a-40c84250dbd3"
      unitRef="usd">13423000</us-gaap:DerivativeCollateralObligationToReturnSecurities>
    <us-gaap:DerivativeCollateralObligationToReturnCash
      contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNS0xMC0xLTEtMA_7eb8045f-da0e-4f61-9b43-ceba9a9f7400"
      unitRef="usd">4658000</us-gaap:DerivativeCollateralObligationToReturnCash>
    <us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
      contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNS0xMi0xLTEtMA_a92990d4-004d-4ab9-9060-413b76d14149"
      unitRef="usd">179000</us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection>
    <us-gaap:DerivativeFairValueOfDerivativeAsset
      contextRef="ifa23d6be2a594c4a822412ba59b8717b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNy0yLTEtMS0w_b70da396-a767-4c30-82b9-c4997cd33d8f"
      unitRef="usd">38211000</us-gaap:DerivativeFairValueOfDerivativeAsset>
    <us-gaap:DerivativeAssetFairValueGrossLiability
      contextRef="ifa23d6be2a594c4a822412ba59b8717b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNy00LTEtMS0w_36df7d9b-f48d-4f65-9265-ae684d35fdc4"
      unitRef="usd">0</us-gaap:DerivativeAssetFairValueGrossLiability>
    <us-gaap:DerivativeAssets
      contextRef="ifa23d6be2a594c4a822412ba59b8717b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNy02LTEtMS0w_55ccdd77-34e2-4d60-88ad-1228a1ee3120"
      unitRef="usd">38211000</us-gaap:DerivativeAssets>
    <us-gaap:DerivativeCollateralObligationToReturnSecurities
      contextRef="ifa23d6be2a594c4a822412ba59b8717b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNy04LTEtMS0w_97b07057-48a2-4f76-afd3-f149f4d26928"
      unitRef="usd">13423000</us-gaap:DerivativeCollateralObligationToReturnSecurities>
    <us-gaap:DerivativeCollateralObligationToReturnCash
      contextRef="ifa23d6be2a594c4a822412ba59b8717b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNy0xMC0xLTEtMA_13ec9ccd-1555-45d0-8646-4241c44ac631"
      unitRef="usd">12427000</us-gaap:DerivativeCollateralObligationToReturnCash>
    <us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
      contextRef="ifa23d6be2a594c4a822412ba59b8717b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfNy0xMi0xLTEtMA_e24faa46-e00b-41c3-9fc2-a9733a125d12"
      unitRef="usd">12361000</us-gaap:DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection>
    <us-gaap:DerivativeFairValueOfDerivativeLiability
      contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTEtMi0xLTEtMA_d343d11e-8539-45dd-8731-6beaab992866"
      unitRef="usd">15495000</us-gaap:DerivativeFairValueOfDerivativeLiability>
    <us-gaap:DerivativeLiabilityFairValueGrossAsset
      contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTEtNC0xLTEtMA_3c686446-f4be-40d5-9525-f041b97b8177"
      unitRef="usd">0</us-gaap:DerivativeLiabilityFairValueGrossAsset>
    <us-gaap:DerivativeLiabilities
      contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTEtNi0xLTEtMA_035f1a90-435f-4d81-811c-97fb1d7f2b3c"
      unitRef="usd">15495000</us-gaap:DerivativeLiabilities>
    <us-gaap:DerivativeCollateralRightToReclaimSecurities
      contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTEtOC0xLTEtMA_f9b4bac9-0dd5-4f69-9acc-bef621f2e463"
      unitRef="usd">13423000</us-gaap:DerivativeCollateralRightToReclaimSecurities>
    <us-gaap:DerivativeCollateralRightToReclaimCash
      contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTEtMTAtMS0xLTA_db918812-ad90-44e7-bd63-e6deec1ecefe"
      unitRef="usd">1061000</us-gaap:DerivativeCollateralRightToReclaimCash>
    <us-gaap:DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
      contextRef="i7c0a1285016e426ebe3d13b435963f79_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTEtMTItMS0xLTA_b3263869-c88a-4d61-80a8-10d893d45c99"
      unitRef="usd">1011000</us-gaap:DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseGross
      contextRef="if216ffe9ec284c65acb92b304aee8fdf_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTMtMi0xLTEtMA_78158a9b-ed3a-49b1-bd2c-10ec9ed6db27"
      unitRef="usd">137269000</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseGross>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAsset
      contextRef="if216ffe9ec284c65acb92b304aee8fdf_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTMtNC0xLTEtMA_21990707-c268-46a7-b2d4-8f063f36d3ec"
      unitRef="usd">0</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAsset>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchase
      contextRef="if216ffe9ec284c65acb92b304aee8fdf_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTMtNi0xLTEtMA_d525b6e3-c07f-43f8-b32c-1ced35ba2335"
      unitRef="usd">137269000</us-gaap:SecuritiesSoldUnderAgreementsToRepurchase>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
      contextRef="if216ffe9ec284c65acb92b304aee8fdf_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTMtOC0xLTEtMA_c46290bc-189b-46da-ae95-5aca56dbf877"
      unitRef="usd">137269000</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash
      contextRef="if216ffe9ec284c65acb92b304aee8fdf_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTMtMTAtMS0xLTA_7d8a4c39-171c-42e9-b1e2-b14408826d35"
      unitRef="usd">0</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral
      contextRef="if216ffe9ec284c65acb92b304aee8fdf_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTMtMTItMS0xLTA_17a991a0-554b-4620-952f-a64882badbb8"
      unitRef="usd">0</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseGross
      contextRef="i81a872d048e94b1e88c3f040a30d6dbb_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTQtMi0xLTEtMA_9ac0ecb5-3095-4ae2-bdc4-8803091de5d2"
      unitRef="usd">77775000</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseGross>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAsset
      contextRef="i81a872d048e94b1e88c3f040a30d6dbb_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTQtNC0xLTEtMA_43e56c18-15c3-467e-8a80-d6d6621e7bae"
      unitRef="usd">0</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAsset>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchase
      contextRef="i81a872d048e94b1e88c3f040a30d6dbb_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTQtNi0xLTEtMA_74499f62-1db7-4567-a690-3801975f42ed"
      unitRef="usd">77775000</us-gaap:SecuritiesSoldUnderAgreementsToRepurchase>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
      contextRef="i81a872d048e94b1e88c3f040a30d6dbb_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTQtOC0xLTEtMA_a37299fa-ccbe-4da8-b3b0-063af9fad717"
      unitRef="usd">77775000</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash
      contextRef="i81a872d048e94b1e88c3f040a30d6dbb_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTQtMTAtMS0xLTA_38d8875f-73d1-4dd6-a56e-a4c87b70deff"
      unitRef="usd">0</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash>
    <us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral
      contextRef="i81a872d048e94b1e88c3f040a30d6dbb_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTQtMTItMS0xLTA_de708e52-3750-4173-9bbc-ec3ee2f936e4"
      unitRef="usd">0</us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral>
    <us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTUtMi0xLTEtMA_75a7aeb0-6d7d-4f41-ae84-dc32785ccfdd"
      unitRef="usd">230539000</us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross>
    <us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTUtNC0xLTEtMA_45c3cd87-0d61-41e2-ba4f-3b3846161dc6"
      unitRef="usd">0</us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset>
    <us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTUtNi0xLTEtMA_749991f3-cf5c-4cdd-8505-10bbc95d52b0"
      unitRef="usd">230539000</us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned>
    <us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTUtOC0xLTEtMA_fedd8b40-3e57-406c-a916-be00ee7a418c"
      unitRef="usd">228467000</us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities>
    <us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTUtMTAtMS0xLTA_f33d7c7e-ecd9-4d03-8aaf-f1eeb1edae7f"
      unitRef="usd">1061000</us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash>
    <us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80MC9mcmFnOjNhOTJjNzAwOWE5ODRjOTNhOTQ0YTYzY2U4MTdhYTFlL3RhYmxlOjU1ZTlmMjA5NDkxMDQ4ZTRhNjYyMGRmZmZkYzJmZWRmL3RhYmxlcmFuZ2U6NTVlOWYyMDk0OTEwNDhlNGE2NjIwZGZmZmRjMmZlZGZfMTUtMTItMS0xLTA_558483f6-f792-44d5-832a-301dddfc6fd4"
      unitRef="usd">1011000</us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral>
    <us-gaap:VariableInterestEntityDisclosureTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTEyMzk_a478e5cc-f4a0-41bc-960f-06988604a2da">Principles of ConsolidationGAAP requires us to consider whether securitizations we sponsor and other transfers of financial assets should be treated as sales or financings, as well as whether any VIEs that we hold variable interests in &#x2013; for example, certain legal entities often used in securitization and other structured finance transactions &#x2013; should be included in our consolidated financial statements. The GAAP principles we apply require us to reassess our requirement to consolidate VIEs each quarter and therefore our determination may change based upon new facts and circumstances pertaining to each VIE. This could result in a material impact to our consolidated financial statements during subsequent reporting periods. &lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Analysis of Consolidated VIEs &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;At March&#160;31, 2021, we consolidated Legacy Sequoia, Sequoia Choice, CAFL, Freddie Mac SLST, and Freddie Mac K-Series securitization entities that we determined were VIEs and for which we determined we were the primary beneficiary. Each of these entities is independent of Redwood and of each other and the assets and liabilities of these entities are not owned by and are not legal obligations of ours. Our exposure to these entities is primarily through the financial interests we have retained, although for the consolidated Sequoia and CAFL entities we are exposed to certain financial risks associated with our role as a sponsor, servicing administrator, or depositor of these entities or as a result of our having sold assets directly or indirectly to these entities. At March&#160;31, 2021, the estimated fair value of our investments in the consolidated Legacy Sequoia, Sequoia Choice, CAFL, Freddie Mac SLST, and Freddie Mac K-Series entities was $4 million, $224 million, $264 million, $433 million, and $29 million, respectively. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Beginning in 2018, we consolidated two Servicing Investment entities formed to invest in servicing-related assets that we determined were VIEs and for which we determined we were the primary beneficiary. At March&#160;31, 2021, we held an 80% ownership interest in, and were responsible for the management of, each entity. See &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Note 10&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; for a further description of these entities and the investments they hold and &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Note 12&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; for additional information on the minority partner&#x2019;s interest. Additionally, beginning in 2018, we consolidated an entity that was formed to finance servicer advances that we determined was a VIE and for which we, through our control of one of the aforementioned partnerships, were  the primary beneficiary. The servicer advance financing consists of non-recourse short-term securitization debt, secured by servicer advances. We consolidate the securitization entity, but the securitization entity is independent of Redwood and the assets and liabilities are not owned by and are not legal obligations of Redwood. See &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Note 13&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; for additional information on the servicer advance financing. At March&#160;31, 2021, the estimated fair value of our investment in the Servicing Investment entities was $65 million. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents a summary of the assets and liabilities of these VIEs. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 4.1 &#x2013; Assets and Liabilities of Consolidated VIEs Accounted for as Collateralized Financing Entities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:24.038%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.904%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Legacy &lt;br/&gt;Sequoia &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Sequoia &lt;br/&gt;Choice &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;br/&gt;K-Series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Servicing Investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total&lt;br/&gt;Consolidated&lt;br/&gt;VIEs&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:18pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Residential loans, held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;274,861&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,276,112&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,154,351&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,705,324&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Business purpose loans, held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,212,526&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,212,526&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Multifamily loans, held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Other investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;225,723&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;225,723&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Cash and cash equivalents&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;10,698&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;10,698&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Restricted cash&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;148&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;29,518&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;29,666&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Accrued interest receivable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;277&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;5,904&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;13,528&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;6,560&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,338&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,191&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;29,798&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Other assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;597&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;12,341&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,860&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;6,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;20,923&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;275,883&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,282,016&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,238,395&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,162,771&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;490,883&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;274,255&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;7,724,203&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Short-term debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;192,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;192,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Accrued interest payable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;129&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,658&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;10,412&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,669&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,208&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;114&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;20,190&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Accrued expenses and other liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;28&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;17,181&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;17,209&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Asset-backed securities issued&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;271,915&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,054,005&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,963,752&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,725,235&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;460,565&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;6,475,472&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;272,044&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,057,691&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,974,164&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,729,904&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;461,773&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;209,367&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;6,704,943&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Number of VIEs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;50&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:24.177%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.904%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:18pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Legacy &lt;br/&gt;Sequoia &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Sequoia &lt;br/&gt;Choice &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;br/&gt;K-Series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Servicing Investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total&lt;br/&gt;Consolidated&lt;br/&gt;VIEs&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Residential loans, held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;285,935&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,565,322&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,221,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,072,410&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Business purpose loans, held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,249,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,249,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Multifamily loans, held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Other investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;251,773&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;251,773&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Cash and cash equivalents&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;11,579&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;11,579&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Restricted cash&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;148&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;23,220&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;23,368&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Accrued interest receivable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;305&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;6,802&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;13,055&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;6,754&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,337&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,334&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;30,587&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Other assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;638&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,930&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;646&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;5,723&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;9,937&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;287,026&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,572,124&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,265,179&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,228,553&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;493,558&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;294,629&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;8,141,069&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Short-term debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;208,375&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;208,375&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Accrued interest payable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;141&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,697&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;10,278&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,846&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,177&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;135&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;21,274&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Accrued expenses and other liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;50&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;18,353&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;18,403&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Asset-backed securities issued&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;282,326&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,347,357&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,013,093&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,793,620&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;463,966&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;6,900,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;282,467&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,352,104&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,023,371&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,798,466&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;465,143&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;226,863&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;7,148,414&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Number of VIEs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;50&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; &lt;/span&gt;&lt;/div&gt;&lt;div style="text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents income (loss) from these VIEs for the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 4.2 &#x2013; Income (Loss) from Consolidated VIEs Accounted for as Collateralized Financing Entities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:11pt;text-align:justify"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:23.830%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.936%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="39" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Legacy &lt;br/&gt;Sequoia &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Sequoia &lt;br/&gt;Choice &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;br/&gt;K-Series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Servicing Investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total&lt;br/&gt;Consolidated&lt;br/&gt;VIEs&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:18pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,348&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;15,483&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;20,159&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,786&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;48,873&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,222&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;94,871&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Interest expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(875)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(12,106)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(14,468)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(4,356)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(39,011)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(1,286)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(72,102)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Net interest income &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;473&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,377&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;5,691&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;430&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;9,862&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,936&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;22,769&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Non-interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Investment fair value changes, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(699)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,898&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,117&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;8,921&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(286)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(1,246)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;15,705&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total non-interest income, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(699)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,898&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,117&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;8,921&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(286)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(1,246)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;15,705&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;General and administrative expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(38)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(38)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Other expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(330)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(330)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Income from Consolidated VIEs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(226)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;8,275&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;9,808&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;9,351&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;9,576&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,322&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;38,106&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:11pt;text-align:justify"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:23.830%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.936%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="39" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Legacy &lt;br/&gt;Sequoia &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Sequoia &lt;br/&gt;Choice &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;br/&gt;K-Series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Servicing Investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total&lt;br/&gt;Consolidated&lt;br/&gt;VIEs&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:18pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;25,083&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;21,986&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;40,172&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;30,010&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,083&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;124,528&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Interest expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(2,522)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(21,510)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(16,176)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(38,348)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(21,939)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(1,577)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(102,072)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Net interest income &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;672&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,573&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;5,810&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,824&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;8,071&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,506&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;22,456&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Non-interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Investment fair value changes, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(391)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(69,668)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(142,161)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(86,509)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(67,846)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(11,884)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(378,459)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total non-interest income, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(391)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(69,668)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(142,161)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(86,509)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(67,846)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(11,884)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(378,459)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;General and administrative expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(31)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(31)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Other expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Income from Consolidated VIEs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;281&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(66,095)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(136,351)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(84,685)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(59,775)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(7,527)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(354,152)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We consolidate the assets and liabilities of certain Sequoia and CAFL securitization entities, as we did not meet the GAAP sale criteria at the time we transferred financial assets to these entities. Our involvement in consolidated Sequoia and CAFL entities continues in the following ways: (i)&#160;we continue to hold subordinate investments in each entity, and for certain entities, more senior investments; (ii)&#160;we maintain certain discretionary rights associated with our sponsorship of, or our subordinate investments in, each entity; and (iii)&#160;we continue to hold a right to call the assets of certain entities (once they have been paid down below a specified threshold) at a price equal to, or in excess of, the current outstanding principal amount of the entity&#x2019;s asset-backed securities issued. These factors have resulted in our continuing to consolidate the assets and liabilities of these Sequoia and CAFL entities in accordance with GAAP. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We consolidate the assets and liabilities of certain Freddie Mac K-Series and SLST securitization trusts resulting from our investment in subordinate securities issued by these trusts, and in the case of certain CAFL securitizations, resulting from securities acquired through our acquisition of CoreVest. Additionally, we consolidate the assets and liabilities of Servicing Investment entities from our investment in servicer advance investments and excess MSRs. In each case, we maintain certain discretionary rights associated with the ownership of these investments that we determined reflected a controlling financial interest, as we have both the power to direct the activities that most significantly impact the economic performance of the VIEs and the right to receive benefits of and the obligation to absorb losses from the VIEs that could potentially be significant to the VIEs. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;During the third quarter of 2020, we re-securitized subordinate securities we owned in our consolidated Freddie Mac SLST securitization trusts, through the transfer of these financial assets to a re-securitization trust that we sponsored. We retain a subordinate investment in the re-securitization trust and maintain certain discretionary rights associated with the ownership of this investment that we determined reflected a controlling financial interest in the entity, as we have both the power to direct the activities that most significantly impact the performance of the VIE and the right to receive benefits of and the obligation to absorb losses from the VIE that could potentially be significant to the VIE. At securitization, we issued $210&#160;million of ABS and have elected to account for the ABS issued at amortized cost.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Analysis of Unconsolidated VIEs with Continuing Involvement&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Since 2012, we have transferred residential loans to 54 Sequoia securitization entities sponsored by us that are still outstanding as of March&#160;31, 2021, and accounted for these transfers as sales for financial reporting purposes, in accordance with ASC 860. We also determined we were not the primary beneficiary of these VIEs as we lacked the power to direct the activities that will have the most significant economic impact on the entities. For certain of these transfers to securitization entities, for the transferred loans where we held the servicing rights prior to the transfer and continued to hold the servicing rights following the transfer, we recorded mortgage servicing rights ("MSRs") on our consolidated balance sheets, and classified those MSRs as Level 3 assets. We also retained senior and subordinate securities in these securitizations that we classified as Level 3 assets. Our continuing involvement in these securitizations is limited to customary servicing obligations associated with retaining servicing rights (which we retain a third-party sub-servicer to perform) and the receipt of interest income associated with the securities we retained. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;During the three months ended March 31, 2021, we called one of our unconsolidated Sequoia entities, and purchased $19&#160;million (unpaid principal balance) of loans from the securitization trust. In association with this call, we realized a $2&#160;million gain on the securities we owned from this called securitization, which was recognized through Realized gains, net on our consolidated statements of income. At March 31, 2021, we held $19&#160;million of loans for sale at fair value that were acquired following this call. &lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span&gt;&lt;br/&gt;&lt;/span&gt;&lt;/div&gt;&lt;div style="text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents information related to securitization transactions that occurred during the three months ended March&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 4.3 &#x2013; Securitization Activity Related to Unconsolidated VIEs Sponsored by Redwood&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:67.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.761%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.763%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Principal balance of loans transferred&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;875,879&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,573,703&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trading securities retained, at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,549&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;43,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;AFS securities retained, at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,078&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,198&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table summarizes the cash flows during the three months ended March&#160;31, 2021 and 2020 between us and the unconsolidated VIEs sponsored by us and accounted for as sales since 2012.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 4.4 &#x2013; Cash Flows Related to Unconsolidated VIEs Sponsored by Redwood&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:67.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.761%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.763%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Proceeds from new transfers&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;904,390&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,610,761&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;MSR fees received&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,607&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,690&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Funding of compensating interest, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(100)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(92)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Cash flows received on retained securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,629&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,581&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the key weighted-average assumptions used to value securities retained at the date of securitization for securitizations completed during the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 4.5 &#x2013; Assumptions Related to Assets Retained from Unconsolidated VIEs Sponsored by Redwood&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:29.358%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.589%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.589%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.589%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.595%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;At Date of Securitization&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Senior IO Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Senior IO Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate Securities&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Prepayment rates&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;41&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Discount rates&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Credit loss assumptions&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.22 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.22 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.21&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.22&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents additional information at March&#160;31, 2021 and December&#160;31, 2020, related to unconsolidated VIEs sponsored by Redwood and accounted for as sales since 2012.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 4.6 &#x2013; Unconsolidated VIEs Sponsored by Redwood&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:64.129%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.589%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.592%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;On-balance sheet assets, at fair value:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest-only, senior and subordinate securities, classified as trading&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,692&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,982&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Subordinate securities, classified as AFS&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;141,632&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;136,475&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mortgage servicing rights&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,648&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,413&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Maximum loss exposure &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;170,972&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;165,870&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Assets transferred:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Principal balance of loans outstanding&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,188,320&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,728,432&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Principal balance of loans 30+ days delinquent&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;88,671&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;138,029&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Maximum loss exposure from our involvement with unconsolidated VIEs pertains to the carrying value of our securities and MSRs retained from these VIEs and represents estimated losses that would be incurred under severe, hypothetical circumstances, such as if the value of our interests and any associated collateral declines to zero. This does not include, for example, any potential exposure to representation and warranty claims associated with our initial transfer of loans into a securitization.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents key economic assumptions for assets retained from unconsolidated VIEs and the sensitivity of their fair values to immediate adverse changes in those assumptions at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 4.7 &#x2013; Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated VIEs Sponsored by Redwood&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:60.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.986%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Senior&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Securities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate Securities&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Fair value at March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,648&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,692&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;141,632&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Expected life (in years)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Prepayment speed assumption (annual CPR)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;27 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;33 %&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Decrease in fair value from:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10% adverse change&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;786&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,541&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;288&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25% adverse change&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,752&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,508&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;759&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Discount rate assumption&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Decrease in fair value from:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;100 basis point increase&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;176&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;477&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,937&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;200 basis point increase&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;346&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;930&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,961&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Credit loss assumption &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.40&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.40&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Decrease in fair value from:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10% higher losses&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,519&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25% higher losses&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,187&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:60.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.986%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Senior&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Securities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate Securities&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Fair value at December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,413&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,333&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;140,124&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Expected life (in years)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Prepayment speed assumption (annual CPR)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;33&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Decrease in fair value from:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10% adverse change&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;906&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,557&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;452&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25% adverse change&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,058&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,754&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,298&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Discount rate assumption&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Decrease in fair value from:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;100 basis point increase&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;196&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;337&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,769&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;200 basis point increase&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;380&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;659&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,650&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Credit loss assumption &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.41&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.41&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Decrease in fair value from:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10% higher losses&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,409&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25% higher losses&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,915&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div&gt;&lt;span&gt;&lt;br/&gt;&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Senior securities included $22 million and $17 million of interest-only securities at March&#160;31, 2021 and December&#160;31, 2020, respectively. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Expected life, prepayment speed assumption, discount rate assumption, and credit loss assumption presented in the tables above represent weighted averages.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Analysis of Unconsolidated Third-Party VIEs&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Third-party VIEs are securitization entities in which we maintain an economic interest, but do not sponsor. Our economic interest may include several securities and other investments from the same third-party VIE, and in those cases, the analysis is performed in consideration of all of our interests. The following table presents a summary of our interests in third-party VIEs at March&#160;31, 2021 and December&#160;31, 2020, grouped by asset type. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 4.8 &#x2013; Third-Party Sponsored VIE Summary&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:64.129%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.589%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.592%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mortgage-Backed Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Senior &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,888&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,131&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mezzanine&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,014&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Subordinate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;191,108&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;173,523&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Mortgage-Backed Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;200,996&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;186,668&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Excess MSR&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13,267&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,133&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Investments in Third-Party Sponsored VIEs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;214,263&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;200,801&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We determined that we are not the primary beneficiary of these third-party VIEs, as we do not have the required power to direct the activities that most significantly impact the economic performance of these entities. Specifically, we do not service or manage these entities or otherwise solely hold decision making powers that are significant. As a result of this assessment, we do not consolidate any of the underlying assets and liabilities of these third-party VIEs &#x2013; we only account for our specific interests in them. &lt;/span&gt;&lt;/div&gt;Our assessments of whether we are required to consolidate a VIE may change in subsequent reporting periods based upon changing facts and circumstances pertaining to each VIE. Any related accounting changes could result in a material impact to our financial statements.</us-gaap:VariableInterestEntityDisclosureTextBlock>
    <us-gaap:AssetsNet
      contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTA5OTUxMTYzOTA4Mw_1b417b39-72f1-44aa-a65a-ca01ff563eb7"
      unitRef="usd">4000000</us-gaap:AssetsNet>
    <us-gaap:AssetsNet
      contextRef="i5278443e66b646be9e11882383fa9c16_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTA5OTUxMTYzOTA4OA_8bec75b9-233d-4861-bc8e-03e524d1d5eb"
      unitRef="usd">224000000</us-gaap:AssetsNet>
    <us-gaap:AssetsNet
      contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTA5OTUxMTY0MDEyNQ_1663323c-edbc-41b4-b3a5-565212672368"
      unitRef="usd">264000000</us-gaap:AssetsNet>
    <us-gaap:AssetsNet
      contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTA5OTUxMTYzOTA5Mw_9f7946c5-11fc-45a7-8511-0f895c0e2e4a"
      unitRef="usd">433000000</us-gaap:AssetsNet>
    <us-gaap:AssetsNet
      contextRef="i341045d59c19407aadb534cb456f075c_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTA5OTUxMTYzOTA5OA_00bb7cf2-bbb2-4abf-849c-8bd039e0c008"
      unitRef="usd">29000000</us-gaap:AssetsNet>
    <rwt:NumberOfPartnershipsConsolidated
      contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMjM3MQ_b0428535-5343-402f-8341-81df4b283014"
      unitRef="partnership">2</rwt:NumberOfPartnershipsConsolidated>
    <us-gaap:VariableInterestEntityOwnershipPercentage
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMjU1Nw_e3741e45-be4b-4709-90e2-2058637b999b"
      unitRef="number">0.80</us-gaap:VariableInterestEntityOwnershipPercentage>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMzUxNw_976f2626-7590-4b1a-b7ce-1e4fb4014aac"
      unitRef="usd">65000000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ScheduleOfVariableInterestEntitiesTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTEyNDQ_8e910221-20ed-4176-a095-56ad598d7e02">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents a summary of the assets and liabilities of these VIEs. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 4.1 &#x2013; Assets and Liabilities of Consolidated VIEs Accounted for as Collateralized Financing Entities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:24.038%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.904%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Legacy &lt;br/&gt;Sequoia &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Sequoia &lt;br/&gt;Choice &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;br/&gt;K-Series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Servicing Investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total&lt;br/&gt;Consolidated&lt;br/&gt;VIEs&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:18pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Residential loans, held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;274,861&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,276,112&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,154,351&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,705,324&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Business purpose loans, held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,212,526&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,212,526&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Multifamily loans, held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Other investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;225,723&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;225,723&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Cash and cash equivalents&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;10,698&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;10,698&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Restricted cash&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;148&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;29,518&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;29,666&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Accrued interest receivable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;277&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;5,904&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;13,528&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;6,560&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,338&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,191&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;29,798&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Other assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;597&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;12,341&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,860&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;6,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;20,923&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;275,883&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,282,016&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,238,395&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,162,771&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;490,883&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;274,255&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;7,724,203&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Short-term debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;192,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;192,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Accrued interest payable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;129&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,658&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;10,412&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,669&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,208&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;114&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;20,190&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Accrued expenses and other liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;28&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;17,181&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;17,209&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Asset-backed securities issued&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;271,915&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,054,005&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,963,752&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,725,235&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;460,565&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;6,475,472&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;272,044&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,057,691&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,974,164&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,729,904&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;461,773&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;209,367&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;6,704,943&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Number of VIEs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;50&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:24.177%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.904%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:18pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Legacy &lt;br/&gt;Sequoia &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Sequoia &lt;br/&gt;Choice &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;br/&gt;K-Series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Servicing Investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total&lt;br/&gt;Consolidated&lt;br/&gt;VIEs&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Residential loans, held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;285,935&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,565,322&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,221,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,072,410&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Business purpose loans, held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,249,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,249,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Multifamily loans, held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Other investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;251,773&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;251,773&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Cash and cash equivalents&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;11,579&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;11,579&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Restricted cash&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;148&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;23,220&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;23,368&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Accrued interest receivable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;305&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;6,802&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;13,055&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;6,754&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,337&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,334&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;30,587&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Other assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;638&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,930&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;646&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;5,723&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;9,937&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;287,026&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,572,124&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,265,179&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,228,553&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;493,558&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;294,629&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;8,141,069&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Short-term debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;208,375&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;208,375&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Accrued interest payable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;141&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,697&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;10,278&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,846&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,177&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;135&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;21,274&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Accrued expenses and other liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;50&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;18,353&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;18,403&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Asset-backed securities issued&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;282,326&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,347,357&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,013,093&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,793,620&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;463,966&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;6,900,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;282,467&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,352,104&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,023,371&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,798,466&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;465,143&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;226,863&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;7,148,414&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Number of VIEs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;50&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents income (loss) from these VIEs for the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 4.2 &#x2013; Income (Loss) from Consolidated VIEs Accounted for as Collateralized Financing Entities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:11pt;text-align:justify"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:23.830%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.936%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="39" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Legacy &lt;br/&gt;Sequoia &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Sequoia &lt;br/&gt;Choice &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;br/&gt;K-Series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Servicing Investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total&lt;br/&gt;Consolidated&lt;br/&gt;VIEs&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:18pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,348&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;15,483&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;20,159&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,786&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;48,873&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,222&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;94,871&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Interest expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(875)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(12,106)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(14,468)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(4,356)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(39,011)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(1,286)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(72,102)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Net interest income &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;473&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,377&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;5,691&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;430&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;9,862&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,936&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;22,769&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Non-interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Investment fair value changes, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(699)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,898&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,117&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;8,921&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(286)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(1,246)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;15,705&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total non-interest income, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(699)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,898&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,117&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;8,921&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(286)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(1,246)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;15,705&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;General and administrative expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(38)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(38)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Other expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(330)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(330)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Income from Consolidated VIEs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(226)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;8,275&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;9,808&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;9,351&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;9,576&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,322&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;38,106&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:23.830%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.936%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="39" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Legacy &lt;br/&gt;Sequoia &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Sequoia &lt;br/&gt;Choice &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;br/&gt;K-Series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Servicing Investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total&lt;br/&gt;Consolidated&lt;br/&gt;VIEs&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:18pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;25,083&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;21,986&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;40,172&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;30,010&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;4,083&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;124,528&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Interest expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(2,522)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(21,510)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(16,176)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(38,348)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(21,939)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(1,577)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(102,072)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Net interest income &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;672&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;3,573&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;5,810&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,824&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;8,071&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;2,506&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;22,456&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Non-interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Investment fair value changes, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(391)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(69,668)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(142,161)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(86,509)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(67,846)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(11,884)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(378,459)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Total non-interest income, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(391)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(69,668)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(142,161)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(86,509)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(67,846)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(11,884)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(378,459)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;General and administrative expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(31)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(31)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Other expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;1,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Income from Consolidated VIEs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;281&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(66,095)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(136,351)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(84,685)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(59,775)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(7,527)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;(354,152)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;</us-gaap:ScheduleOfVariableInterestEntitiesTextBlock>
    <us-gaap:NotesReceivableNet
      contextRef="idf62b52b3a1948f5b1f66314e643d587_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMi0yLTEtMS0w_24b23fcc-a97d-4d4c-8c01-3e1d077a0356"
      unitRef="usd">274861000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="iff1deb0b20cc4f58ba985aaa8a60f199_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMi00LTEtMS0w_64abe293-c209-471c-89f1-ec11f03c5e83"
      unitRef="usd">1276112000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i412db763f5eb46e29e5f9c6a4559b497_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMi02LTEtMS0zNTk3_da5a6698-3907-4655-a9a2-f5dd898e60dc"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i389f60b4202d4eb2866fa048c40fb0b6_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMi02LTEtMS0w_522f22c4-36d9-4cda-9ba6-5aa3e833c2b9"
      unitRef="usd">2154351000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i3831063da2664c3d97ba09aaa89a6789_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMi04LTEtMS0w_11a19938-235d-463c-b01b-0a91c792b0f8"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i0ee9318104d94cf59bf7f95dc6132ec3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMi0xMi0xLTEtMA_6022a051-888d-4dff-993f-5f2237d8eedd"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i5a6f5d59dbad425db2d181de0559e82b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMi0xNC0xLTEtMA_5360268b-bb15-4aff-af69-79d7617c75fc"
      unitRef="usd">3705324000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i85ba1e7f76a244ee95a78b257cd9c6f1_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMy0yLTEtMS0w_f8927dec-0411-4596-a591-5a3c05079d9f"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i48f9f554840e4530a3c47b5524ea0aba_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMy00LTEtMS0w_1086af2a-2d32-42b3-833c-42fb5bee9c00"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ic77659ad23654bd7bfc1d89490b6081f_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMy02LTEtMS0zNTk3_71072935-9a6d-4d74-ab94-6d0053fd5540"
      unitRef="usd">3212526000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ic6718c39bb644e1585fca8c524112743_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMy02LTEtMS0w_a48cd7c9-0d27-46cc-be48-fb4e8337fcad"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i5075f4359465454aaa0e43262c0d4d1f_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMy04LTEtMS0w_3fbd6868-477f-48ec-b34a-820de49914e8"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i5b139d7053d34d258bcda59855d863a3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMy0xMi0xLTEtMA_427fbc1e-80a2-4c51-a771-2267e60b7c9e"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i519b3d6d097446979d1278e5262eb534_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMy0xNC0xLTEtMA_5a181fbf-231c-47a1-85e8-524e19050334"
      unitRef="usd">3212526000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i2d2db82dc2b04a269251dd635ab016e6_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNC0yLTEtMS0w_9c20a994-b0f4-42d9-8717-5a02fb48e9c7"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i7087071b3a51463a9d571ac1f70ffe8b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNC00LTEtMS0w_62582550-359d-4688-b094-6cd485ba069f"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i3cec5e692e614a43a2405bf2588c0a1a_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNC02LTEtMS0zNTk3_cabe13f9-aeba-4322-bfce-2a8436dc0627"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i3fd3161eb2fc4ae4b63a07175a04aa51_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNC02LTEtMS0w_856e65e4-8003-402f-ae56-8180519080a0"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i398743a426304464a9554b17663914b6_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNC04LTEtMS0w_8d200b34-aa14-4b10-880e-275ed56370a9"
      unitRef="usd">489545000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i543937dc57f944c8af8c59922d0dc1ac_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNC0xMi0xLTEtMA_28af582e-6b7b-43ce-8a79-1df62378c0c9"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i577df421faaa41619ad47485adb5de41_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNC0xNC0xLTEtMA_01cc97ae-a807-460e-b4a4-6444ccb24d24"
      unitRef="usd">489545000</us-gaap:NotesReceivableNet>
    <us-gaap:OtherInvestments
      contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNi0yLTEtMS0w_5d117376-c7fe-48d4-8275-1df7ad2eaf05"
      unitRef="usd">0</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="i5278443e66b646be9e11882383fa9c16_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNi00LTEtMS0w_c5d74a88-a97f-414a-b8a2-9282bff6f05e"
      unitRef="usd">0</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNi02LTEtMS0zNTk3_edf0eaea-be10-4dad-9723-d2502f558a8d"
      unitRef="usd">0</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNi02LTEtMS0w_6bd8ee2f-78df-4a64-ac23-dc85827e39d2"
      unitRef="usd">0</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="i341045d59c19407aadb534cb456f075c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNi04LTEtMS0w_6dc0cb37-0cff-4692-8bfb-1b5af4535e55"
      unitRef="usd">0</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNi0xMi0xLTEtMA_f7d0ce3d-6e5b-4064-ba0c-90917c008fb3"
      unitRef="usd">225723000</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNi0xNC0xLTEtMA_629823c9-2ebd-4392-949d-f18595b997c3"
      unitRef="usd">225723000</us-gaap:OtherInvestments>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNy0yLTEtMS0w_47248aef-c759-4360-aab3-b68780a456a8"
      unitRef="usd">0</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="i5278443e66b646be9e11882383fa9c16_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNy00LTEtMS0w_3bf94b04-e53d-4835-ac07-cb336a02da2c"
      unitRef="usd">0</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNy02LTEtMS0zNTk3_f9c5eed3-81e6-449f-987a-2b36b4beca0c"
      unitRef="usd">0</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNy02LTEtMS0w_5ca09625-86f2-4658-bda1-c4d702795b6a"
      unitRef="usd">0</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="i341045d59c19407aadb534cb456f075c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNy04LTEtMS0w_4249e66f-90ba-43ff-ba69-fa9fd5c2c03e"
      unitRef="usd">0</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNy0xMi0xLTEtMA_ede417bf-f513-411b-a5a6-11cc041c8794"
      unitRef="usd">10698000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfNy0xNC0xLTEtMA_97e3a6e0-1aa0-44f3-a3f6-f0e4b1e6d5bb"
      unitRef="usd">10698000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOC0yLTEtMS0w_3afa563a-e478-4d9c-857d-af267afed28d"
      unitRef="usd">148000</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="i5278443e66b646be9e11882383fa9c16_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOC00LTEtMS0w_558c6739-1e65-4487-810a-42064918b0c8"
      unitRef="usd">0</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOC02LTEtMS0zNTk3_d46c01eb-23f9-4107-97a0-ed9353706ba1"
      unitRef="usd">0</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOC02LTEtMS0w_0b7501aa-c74f-4422-8da9-d331a56cc699"
      unitRef="usd">0</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="i341045d59c19407aadb534cb456f075c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOC04LTEtMS0w_c7f7a4bd-1f8d-438f-9a71-e0abd6d3aa77"
      unitRef="usd">0</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOC0xMi0xLTEtMA_85f6f32c-917c-402e-9db4-af5dffd42b19"
      unitRef="usd">29518000</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOC0xNC0xLTEtMA_ddc001c4-9063-4c84-b75e-974c4f1c4d80"
      unitRef="usd">29666000</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:InterestReceivable
      contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOS0yLTEtMS0w_0e479441-0950-49ad-8f48-242bae9a82ba"
      unitRef="usd">277000</us-gaap:InterestReceivable>
    <us-gaap:InterestReceivable
      contextRef="i5278443e66b646be9e11882383fa9c16_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOS00LTEtMS0w_7a226621-7840-4acf-ab4e-6984213002d1"
      unitRef="usd">5904000</us-gaap:InterestReceivable>
    <us-gaap:InterestReceivable
      contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOS02LTEtMS0zNTk3_26c56e6e-6748-4d8c-814e-9a53c53d6aa0"
      unitRef="usd">13528000</us-gaap:InterestReceivable>
    <us-gaap:InterestReceivable
      contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOS02LTEtMS0w_d2a36c45-709d-443e-9f85-4d1264b18f06"
      unitRef="usd">6560000</us-gaap:InterestReceivable>
    <us-gaap:InterestReceivable
      contextRef="i341045d59c19407aadb534cb456f075c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOS04LTEtMS0w_566af027-adac-456a-8029-a9a974c683cc"
      unitRef="usd">1338000</us-gaap:InterestReceivable>
    <us-gaap:InterestReceivable
      contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOS0xMi0xLTEtMA_74909f58-9f1f-41ec-ade1-50c33c1134e4"
      unitRef="usd">2191000</us-gaap:InterestReceivable>
    <us-gaap:InterestReceivable
      contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfOS0xNC0xLTEtMA_c8a93d55-edf5-4272-b3da-77d814cc2d7e"
      unitRef="usd">29798000</us-gaap:InterestReceivable>
    <us-gaap:OtherAssets
      contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTAtMi0xLTEtMA_da3dcfdc-94cf-4ae4-8747-221a540fe078"
      unitRef="usd">597000</us-gaap:OtherAssets>
    <us-gaap:OtherAssets
      contextRef="i5278443e66b646be9e11882383fa9c16_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTAtNC0xLTEtMA_1ba349d3-f186-4558-b2e8-adedf1ffbb58"
      unitRef="usd">0</us-gaap:OtherAssets>
    <us-gaap:OtherAssets
      contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTAtNi0xLTEtMzU5Nw_f031a541-7ef3-468f-9bec-c0942ada8580"
      unitRef="usd">12341000</us-gaap:OtherAssets>
    <us-gaap:OtherAssets
      contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTAtNi0xLTEtMA_779dbd94-f2ec-4371-b6b0-ea823c3b58a8"
      unitRef="usd">1860000</us-gaap:OtherAssets>
    <us-gaap:OtherAssets
      contextRef="i341045d59c19407aadb534cb456f075c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTAtOC0xLTEtMA_034e2b00-61ea-462c-8391-32e758fa11c5"
      unitRef="usd">0</us-gaap:OtherAssets>
    <us-gaap:OtherAssets
      contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTAtMTItMS0xLTA_8b0f89e4-e8f5-4c3a-9f42-ac474d4eda24"
      unitRef="usd">6125000</us-gaap:OtherAssets>
    <us-gaap:OtherAssets
      contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTAtMTQtMS0xLTA_2ed374cd-d7bd-4e7e-91f6-0e1a585735e9"
      unitRef="usd">20923000</us-gaap:OtherAssets>
    <us-gaap:Assets
      contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTEtMi0xLTEtMA_720ec5a4-2b58-4d35-b35f-b295e3713dcf"
      unitRef="usd">275883000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="i5278443e66b646be9e11882383fa9c16_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTEtNC0xLTEtMA_a2826b48-0b8e-4ece-bb7b-5bfe902cf392"
      unitRef="usd">1282016000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTEtNi0xLTEtMzU5Nw_674ef6bd-21d8-44be-ad4b-f02cb4dc837b"
      unitRef="usd">3238395000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTEtNi0xLTEtMA_c60d9a2c-ead4-498b-87bf-17d8e17eaadf"
      unitRef="usd">2162771000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="i341045d59c19407aadb534cb456f075c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTEtOC0xLTEtMA_f9b1d3d0-6537-478f-8103-6267ad3e9b70"
      unitRef="usd">490883000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTEtMTItMS0xLTA_99773d23-388b-4d7f-8cca-7edca54e66b1"
      unitRef="usd">274255000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTEtMTQtMS0xLTA_7df30edc-6fff-4f35-96d8-7ad0a694dda3"
      unitRef="usd">7724203000</us-gaap:Assets>
    <us-gaap:ShortTermBorrowings
      contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTItMi0xLTEtMA_2ed8f6f2-0449-47ca-914c-510d7d6af0b5"
      unitRef="usd">0</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i5278443e66b646be9e11882383fa9c16_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTItNC0xLTEtMA_2d9aeb41-1563-4abe-8d86-4840b5fb835a"
      unitRef="usd">0</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTItNi0xLTEtMzU5Nw_8e784b26-95a9-465c-bded-c1c5ddb517e9"
      unitRef="usd">0</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTItNi0xLTEtMA_48f06cad-d9da-4a66-9abe-f0352fa73a9a"
      unitRef="usd">0</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i341045d59c19407aadb534cb456f075c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTItOC0xLTEtMA_7aa20a1a-9ec5-4222-88e3-41bfca7ed0b8"
      unitRef="usd">0</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTItMTItMS0xLTA_9d6d80eb-37b6-4a2c-8fc2-678e8813ea42"
      unitRef="usd">192072000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTItMTQtMS0xLTA_da1ca56c-ffe1-4471-975f-cedae4a0bbc3"
      unitRef="usd">192072000</us-gaap:ShortTermBorrowings>
    <us-gaap:InterestPayableCurrentAndNoncurrent
      contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTMtMi0xLTEtMA_2299ae26-ee3a-4afe-b307-2c07220e0333"
      unitRef="usd">129000</us-gaap:InterestPayableCurrentAndNoncurrent>
    <us-gaap:InterestPayableCurrentAndNoncurrent
      contextRef="i5278443e66b646be9e11882383fa9c16_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTMtNC0xLTEtMA_56af39f4-20eb-4dd2-9e9f-1eb0c8f70aea"
      unitRef="usd">3658000</us-gaap:InterestPayableCurrentAndNoncurrent>
    <us-gaap:InterestPayableCurrentAndNoncurrent
      contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTMtNi0xLTEtMzU5Nw_77f92417-dd0f-4a94-9fb0-d85c63f97e8f"
      unitRef="usd">10412000</us-gaap:InterestPayableCurrentAndNoncurrent>
    <us-gaap:InterestPayableCurrentAndNoncurrent
      contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTMtNi0xLTEtMA_3597b67e-3fe2-465b-85b0-16c7dedeaf01"
      unitRef="usd">4669000</us-gaap:InterestPayableCurrentAndNoncurrent>
    <us-gaap:InterestPayableCurrentAndNoncurrent
      contextRef="i341045d59c19407aadb534cb456f075c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTMtOC0xLTEtMA_0625ffd9-cd7b-4689-aecf-3d45799d6d8e"
      unitRef="usd">1208000</us-gaap:InterestPayableCurrentAndNoncurrent>
    <us-gaap:InterestPayableCurrentAndNoncurrent
      contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTMtMTItMS0xLTA_c658a492-b6ab-4aa2-8578-3e5c8c08576b"
      unitRef="usd">114000</us-gaap:InterestPayableCurrentAndNoncurrent>
    <us-gaap:InterestPayableCurrentAndNoncurrent
      contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTMtMTQtMS0xLTA_eaee3e76-9815-4f2e-8093-104c08c74a4e"
      unitRef="usd">20190000</us-gaap:InterestPayableCurrentAndNoncurrent>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTQtMi0xLTEtMA_234abb44-c20c-41ac-a637-78102ad778bc"
      unitRef="usd">0</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="i5278443e66b646be9e11882383fa9c16_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTQtNC0xLTEtMA_1e961302-e6b5-4856-ada6-6ff9ea400ed6"
      unitRef="usd">28000</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTQtNi0xLTEtMzU5Nw_d93e9593-4c64-4a09-8bb8-14e638606516"
      unitRef="usd">0</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTQtNi0xLTEtMA_fe723c85-6cf4-46cf-9d6b-d06aaa0ca5eb"
      unitRef="usd">0</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="i341045d59c19407aadb534cb456f075c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTQtOC0xLTEtMA_1d5c7ebc-af7f-4655-93db-bf33b1f6b822"
      unitRef="usd">0</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTQtMTItMS0xLTA_68541880-330a-402d-89ef-08bbbe7ca2eb"
      unitRef="usd">17181000</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTQtMTQtMS0xLTA_4e08cfaa-2811-486e-95bd-dd8440b6855f"
      unitRef="usd">17209000</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:SecuredDebt
      contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTUtMi0xLTEtMA_ce3a92f9-0c89-4c95-88dd-127997481dd1"
      unitRef="usd">271915000</us-gaap:SecuredDebt>
    <us-gaap:SecuredDebt
      contextRef="i5278443e66b646be9e11882383fa9c16_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTUtNC0xLTEtMA_6b181425-52d3-4e81-bb3a-835f245abcfd"
      unitRef="usd">1054005000</us-gaap:SecuredDebt>
    <us-gaap:SecuredDebt
      contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTUtNi0xLTEtMzU5Nw_5d597dde-cf80-4d17-8000-b718c18df573"
      unitRef="usd">2963752000</us-gaap:SecuredDebt>
    <us-gaap:SecuredDebt
      contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTUtNi0xLTEtMA_ee98d031-6746-41c6-a9cb-9c236303cec7"
      unitRef="usd">1725235000</us-gaap:SecuredDebt>
    <us-gaap:SecuredDebt
      contextRef="i341045d59c19407aadb534cb456f075c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTUtOC0xLTEtMA_f20c3963-2227-46bc-87f9-f589d7dac036"
      unitRef="usd">460565000</us-gaap:SecuredDebt>
    <us-gaap:SecuredDebt
      contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTUtMTItMS0xLTA_9774ea39-d38e-443d-af39-1349d9930e96"
      unitRef="usd">0</us-gaap:SecuredDebt>
    <us-gaap:SecuredDebt
      contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTUtMTQtMS0xLTA_25e2196a-4453-4062-a447-dea41a166ff1"
      unitRef="usd">6475472000</us-gaap:SecuredDebt>
    <us-gaap:Liabilities
      contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTYtMi0xLTEtMA_b73d7a33-5765-4030-b102-124011ab5469"
      unitRef="usd">272044000</us-gaap:Liabilities>
    <us-gaap:Liabilities
      contextRef="i5278443e66b646be9e11882383fa9c16_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTYtNC0xLTEtMA_5007d34f-06b2-4f2d-8f62-9413d7846843"
      unitRef="usd">1057691000</us-gaap:Liabilities>
    <us-gaap:Liabilities
      contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTYtNi0xLTEtMzU5Nw_efedab59-d745-401c-a2bc-5b0a067219e0"
      unitRef="usd">2974164000</us-gaap:Liabilities>
    <us-gaap:Liabilities
      contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTYtNi0xLTEtMA_6a9c88e4-7379-414a-ac8a-29f795e64230"
      unitRef="usd">1729904000</us-gaap:Liabilities>
    <us-gaap:Liabilities
      contextRef="i341045d59c19407aadb534cb456f075c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTYtOC0xLTEtMA_ecf74950-82c4-4d27-866c-10609cb035f5"
      unitRef="usd">461773000</us-gaap:Liabilities>
    <us-gaap:Liabilities
      contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTYtMTItMS0xLTA_6d69e766-a43b-4e1d-8982-df4f6dbe385a"
      unitRef="usd">209367000</us-gaap:Liabilities>
    <us-gaap:Liabilities
      contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTYtMTQtMS0xLTA_ae523eb9-e097-4307-a6c8-5d41550c5b6f"
      unitRef="usd">6704943000</us-gaap:Liabilities>
    <rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated
      contextRef="i7748d6b0bd6740c6ae82d8b8b4527c40_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTgtMi0xLTEtMA_84d9b192-09e5-4d4c-897d-5441709820d9"
      unitRef="investment">20</rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated>
    <rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated
      contextRef="i5278443e66b646be9e11882383fa9c16_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTgtNC0xLTEtMA_ee9e8945-0d9d-4f25-8ee4-dc621f2c7209"
      unitRef="investment">10</rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated>
    <rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated
      contextRef="i62e5612f85344c46a6d328de9f5f5d6c_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTgtNi0xLTEtMzU5Nw_2442874c-b48c-4a92-be5b-559951539588"
      unitRef="investment">14</rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated>
    <rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated
      contextRef="ibdbcb5064d0e43abb58b0f234ed7a2c3_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTgtNi0xLTEtMA_a9764844-199e-442e-b2c5-716bbaacc8f9"
      unitRef="investment">2</rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated>
    <rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated
      contextRef="i341045d59c19407aadb534cb456f075c_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTgtOC0xLTEtMA_c1df00b8-5188-4412-ae96-a3834470af85"
      unitRef="investment">1</rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated>
    <rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated
      contextRef="i15c6acd1d7e8422cb0060f60c0e738f3_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTgtMTItMS0xLTA_ab12df74-a34c-428d-8a0b-e98e2cc38ce7"
      unitRef="investment">3</rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated>
    <rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated
      contextRef="i0c7db8c5261b410fa3906572c9581c92_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjg5OTcyOTNmYTYwMjQ4OTRiYWIwMTQzOTNhZDA1OTY3L3RhYmxlcmFuZ2U6ODk5NzI5M2ZhNjAyNDg5NGJhYjAxNDM5M2FkMDU5NjdfMTgtMTQtMS0xLTA_130effd3-c42b-42f3-810f-918661113665"
      unitRef="investment">50</rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated>
    <us-gaap:NotesReceivableNet
      contextRef="if846a16cc0024a669cafaa572eefbb1b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMi0yLTEtMS0w_1f71e7df-bd58-4a37-bcfa-025596bc412d"
      unitRef="usd">285935000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i19aa43f32fa841238674c58742b1b028_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMi00LTEtMS0w_31510620-d198-404a-958f-d2dc89314fa6"
      unitRef="usd">1565322000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ifd126d798d8e4f0887a063570970bffe_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMi02LTEtMS0zNjE3_6e6922fd-a28d-47e6-b700-c2cc6811e303"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i9ea63c33388549f5b9d5a83e9edb8f26_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMi02LTEtMS0w_697a47d7-25f3-4c1b-87cd-e5a6ff322480"
      unitRef="usd">2221153000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="id1738edc3f614249877c41fced72a588_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMi04LTEtMS0w_ee5339b1-0f16-41cf-b780-e32da74cd4aa"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="idd19f15c82d949b79f228f9fcaf43f34_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMi0xMi0xLTEtMA_5f11d941-ff15-4730-bf5c-9fddf197fc99"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ib60b6b49557e4633b3267553dc84e83d_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMi0xNC0xLTEtMA_aea0e7dc-a76f-4794-a9b7-2e134aae549e"
      unitRef="usd">4072410000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i88ed7a7e1ca24c3c8e4f55526fd930d0_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMy0yLTEtMS0w_2cc61f64-c533-4b26-97c5-b0a78ca78505"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="iba22c7a231e7423790bb8c7caba5c988_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMy00LTEtMS0w_a1a9a4b0-c122-4f89-918a-e657078fbcb1"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i09067fb31d064aa985c23388a5796562_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMy02LTEtMS0zNjE3_4ecdf700-2a06-45d3-b23f-afbef65058f3"
      unitRef="usd">3249194000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i9420f155972c40f68668387c7884b562_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMy02LTEtMS0w_09d417f8-3010-4bcf-bbcf-a24a6b0c834a"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i149eb0ea3f0540b0be8df0c5d42c2275_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMy04LTEtMS0w_ac413c56-4cf6-4fef-b417-23c96a37e63f"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i0d6b56b3e6d54d0dacc71c45711d352a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMy0xMi0xLTEtMA_b107bc93-eb69-4e7b-a6a1-55f1327af109"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ibc44c47450aa42b5b61bfb52005c5dd3_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMy0xNC0xLTEtMA_9db29ed4-cc12-4070-bea0-e9055dc9773e"
      unitRef="usd">3249194000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="if6772e1892cf4bf08a90be0f0d897536_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNC0yLTEtMS0w_f2799611-6aa6-4c81-913a-775a28ae27b8"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="iac450ac47ed54b23981b8336b3b560d9_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNC00LTEtMS0w_befac6bd-3943-457b-bb82-67d89c0432a7"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i17f8a9287bd64405a58b2472e170d42e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNC02LTEtMS0zNjE3_1d2484b4-8f43-45d3-8043-e4177bf8caa4"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="id0608a0432294800a2ca10485d6564da_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNC02LTEtMS0w_78020c8f-8d81-498c-9c59-4dc61713dfd9"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i6d20c30de45f439d8782da31b4814d0a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNC04LTEtMS0w_95f9d853-f858-4b7e-959f-da2069e16d0e"
      unitRef="usd">492221000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="if6a9a7595d1b4a7c89793c602bf21389_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNC0xMi0xLTEtMA_5b7bb323-d32a-40dd-964c-80222ef17ce1"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i395aebd259c2410ba147fa2dbfeb2e28_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNC0xNC0xLTEtMA_0329c02b-d354-4c93-8bed-0c70ee4ffd84"
      unitRef="usd">492221000</us-gaap:NotesReceivableNet>
    <us-gaap:OtherInvestments
      contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNi0yLTEtMS0w_272f0d55-d208-48aa-b835-fde7ac1f66de"
      unitRef="usd">0</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNi00LTEtMS0w_f22966e9-ee0d-4b67-a6c7-ed6a03b11f7d"
      unitRef="usd">0</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNi02LTEtMS0zNjE3_5b018940-5ae2-4201-844c-cc9809735663"
      unitRef="usd">0</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNi02LTEtMS0w_7a3cf879-9347-49ae-97c1-73238db49124"
      unitRef="usd">0</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNi04LTEtMS0w_5640fcf4-a6ea-4d53-9366-6f3b7c526311"
      unitRef="usd">0</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNi0xMi0xLTEtMA_1bc31e76-083c-4941-bb22-26b62e61e664"
      unitRef="usd">251773000</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNi0xNC0xLTEtMA_a8ab639e-0890-476d-a82f-2c790e0e78ba"
      unitRef="usd">251773000</us-gaap:OtherInvestments>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNy0yLTEtMS0w_119bd066-61f2-465f-ae47-af8b22d40c40"
      unitRef="usd">0</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNy00LTEtMS0w_5b28225d-4722-4752-8498-73fe340491a2"
      unitRef="usd">0</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNy02LTEtMS0zNjE3_20ec5c60-26d7-43ff-8933-5dec8229447d"
      unitRef="usd">0</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNy02LTEtMS0w_f794e4ac-d940-4336-a91d-9638e8cd8e38"
      unitRef="usd">0</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNy04LTEtMS0w_a096a0ff-3c2c-40cb-8026-6f4dfe726adc"
      unitRef="usd">0</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNy0xMi0xLTEtMA_9a253cec-8e20-4954-8769-bb9bef90aaf9"
      unitRef="usd">11579000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue
      contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfNy0xNC0xLTEtMA_56ffb243-18f6-4059-8057-fb0514baf70f"
      unitRef="usd">11579000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOC0yLTEtMS0w_5472df9c-5199-449b-af03-ca2f21da6144"
      unitRef="usd">148000</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOC00LTEtMS0w_473d5012-7f67-4ea5-a1a6-d8970781319a"
      unitRef="usd">0</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOC02LTEtMS0zNjE3_43d346d2-2204-438a-aff3-c2805b2eefb0"
      unitRef="usd">0</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOC02LTEtMS0w_69efd6dd-8df5-4708-afc8-0669643ab5f8"
      unitRef="usd">0</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOC04LTEtMS0w_c840c606-7cd8-447c-8ef2-287cafada115"
      unitRef="usd">0</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOC0xMi0xLTEtMA_c36b370b-39f1-4bf5-857e-6d0ed9615b37"
      unitRef="usd">23220000</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:RestrictedCashAndCashEquivalents
      contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOC0xNC0xLTEtMA_64a4d9cb-3164-4e9a-be7e-b2a305b3a554"
      unitRef="usd">23368000</us-gaap:RestrictedCashAndCashEquivalents>
    <us-gaap:InterestReceivable
      contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOS0yLTEtMS0w_803d2a42-a94b-48e8-87d4-9149a629a396"
      unitRef="usd">305000</us-gaap:InterestReceivable>
    <us-gaap:InterestReceivable
      contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOS00LTEtMS0w_dd672df3-6060-459b-8589-c3a9617f4147"
      unitRef="usd">6802000</us-gaap:InterestReceivable>
    <us-gaap:InterestReceivable
      contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOS02LTEtMS0zNjE3_6aa8b7ac-a671-4be0-9d8a-dbcdd82ca504"
      unitRef="usd">13055000</us-gaap:InterestReceivable>
    <us-gaap:InterestReceivable
      contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOS02LTEtMS0w_4f56f72a-5743-4c49-840b-c9cf572d14a8"
      unitRef="usd">6754000</us-gaap:InterestReceivable>
    <us-gaap:InterestReceivable
      contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOS04LTEtMS0w_43879ba7-2154-439e-9f1b-76ba08cf59c3"
      unitRef="usd">1337000</us-gaap:InterestReceivable>
    <us-gaap:InterestReceivable
      contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOS0xMi0xLTEtMA_280dcf42-8b35-49da-97a1-fd594683259b"
      unitRef="usd">2334000</us-gaap:InterestReceivable>
    <us-gaap:InterestReceivable
      contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfOS0xNC0xLTEtMA_de6067fd-a445-405b-b7b1-a6f3283e70b2"
      unitRef="usd">30587000</us-gaap:InterestReceivable>
    <us-gaap:OtherAssets
      contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTAtMi0xLTEtMA_db3a1799-35b0-4123-9862-35dbdd56cfed"
      unitRef="usd">638000</us-gaap:OtherAssets>
    <us-gaap:OtherAssets
      contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTAtNC0xLTEtMA_dd36f2cc-b66d-4bc3-a9bc-bade27375b89"
      unitRef="usd">0</us-gaap:OtherAssets>
    <us-gaap:OtherAssets
      contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTAtNi0xLTEtMzYxNw_a528dd38-c0d6-4f42-91d2-3290f5089a6f"
      unitRef="usd">2930000</us-gaap:OtherAssets>
    <us-gaap:OtherAssets
      contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTAtNi0xLTEtMA_c2d8bb75-cef8-40ad-87b6-e1033b40c0d6"
      unitRef="usd">646000</us-gaap:OtherAssets>
    <us-gaap:OtherAssets
      contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTAtOC0xLTEtMA_94cb1447-678f-4a65-aca9-da12451ae6c4"
      unitRef="usd">0</us-gaap:OtherAssets>
    <us-gaap:OtherAssets
      contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTAtMTItMS0xLTA_0d77fb2e-29e7-4c08-b3ef-2344e66d5534"
      unitRef="usd">5723000</us-gaap:OtherAssets>
    <us-gaap:OtherAssets
      contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTAtMTQtMS0xLTA_a1273903-c3d0-45ed-9a9c-d89b50607e54"
      unitRef="usd">9937000</us-gaap:OtherAssets>
    <us-gaap:Assets
      contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTEtMi0xLTEtMA_a7f0d2cf-d222-4006-98cc-a30f691fa093"
      unitRef="usd">287026000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTEtNC0xLTEtMA_50859fcf-e810-4885-a142-bc4c2224f215"
      unitRef="usd">1572124000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTEtNi0xLTEtMzYxNw_e7808384-19d7-4ebb-b2fb-5de166ded40f"
      unitRef="usd">3265179000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTEtNi0xLTEtMA_c369b59e-8bdc-4e0d-9800-4a277ba10540"
      unitRef="usd">2228553000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTEtOC0xLTEtMA_1df5f527-c9a1-49f9-aecc-e7d7230c570e"
      unitRef="usd">493558000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTEtMTItMS0xLTA_f3965592-2e9f-4f0b-9699-d51314eca449"
      unitRef="usd">294629000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTEtMTQtMS0xLTA_4c73bd57-4dc6-4b8e-8eac-59553b9c0e31"
      unitRef="usd">8141069000</us-gaap:Assets>
    <us-gaap:ShortTermBorrowings
      contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTItMi0xLTEtMA_09328585-1014-4ead-be71-bcef1fdef6c5"
      unitRef="usd">0</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTItNC0xLTEtMA_49be830a-b2c8-4660-9ec0-9675d0a877dd"
      unitRef="usd">0</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTItNi0xLTEtMzYxNw_42036805-9729-4480-9b5e-b88228b7ebeb"
      unitRef="usd">0</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTItNi0xLTEtMA_5b4d3c24-dfa7-498f-9f7a-4faf170a1cbc"
      unitRef="usd">0</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTItOC0xLTEtMA_db71bfa7-1042-44a2-8431-a08aa4fc78a6"
      unitRef="usd">0</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTItMTItMS0xLTA_9681ca72-d699-4ee3-995c-f950a8986f2a"
      unitRef="usd">208375000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTItMTQtMS0xLTA_94b7923e-21c6-4ba7-9f41-435b5de4c220"
      unitRef="usd">208375000</us-gaap:ShortTermBorrowings>
    <us-gaap:InterestPayableCurrentAndNoncurrent
      contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTMtMi0xLTEtMA_b2d3c8ee-554c-4714-a734-e18458ee4075"
      unitRef="usd">141000</us-gaap:InterestPayableCurrentAndNoncurrent>
    <us-gaap:InterestPayableCurrentAndNoncurrent
      contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTMtNC0xLTEtMA_35f29b37-a05b-4fa2-b2aa-d277b6be31b3"
      unitRef="usd">4697000</us-gaap:InterestPayableCurrentAndNoncurrent>
    <us-gaap:InterestPayableCurrentAndNoncurrent
      contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTMtNi0xLTEtMzYxNw_b1dd3223-bc2b-4871-bc65-d407c52ae603"
      unitRef="usd">10278000</us-gaap:InterestPayableCurrentAndNoncurrent>
    <us-gaap:InterestPayableCurrentAndNoncurrent
      contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTMtNi0xLTEtMA_eaf63efe-3898-4408-8362-fdc6c652237b"
      unitRef="usd">4846000</us-gaap:InterestPayableCurrentAndNoncurrent>
    <us-gaap:InterestPayableCurrentAndNoncurrent
      contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTMtOC0xLTEtMA_0abca737-dbbe-4f6c-addb-dd6d66aa79c3"
      unitRef="usd">1177000</us-gaap:InterestPayableCurrentAndNoncurrent>
    <us-gaap:InterestPayableCurrentAndNoncurrent
      contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTMtMTItMS0xLTA_0cbe3ad7-b8e4-46e6-90b1-bbb8face6be0"
      unitRef="usd">135000</us-gaap:InterestPayableCurrentAndNoncurrent>
    <us-gaap:InterestPayableCurrentAndNoncurrent
      contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTMtMTQtMS0xLTA_bd5d8f6c-e480-4a1e-954d-f49849b6fa8c"
      unitRef="usd">21274000</us-gaap:InterestPayableCurrentAndNoncurrent>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTQtMi0xLTEtMA_a959c437-2183-4867-a524-9c78361260fc"
      unitRef="usd">0</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTQtNC0xLTEtMA_125fa6fc-d3fc-48b1-91f3-b85f18cc98c9"
      unitRef="usd">50000</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTQtNi0xLTEtMzYxNw_09471919-1eae-4553-8034-812f3cd1d8f5"
      unitRef="usd">0</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTQtNi0xLTEtMA_13c5a2c5-94da-4ad9-a834-7520816e46d3"
      unitRef="usd">0</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTQtOC0xLTEtMA_a7843567-acac-4755-9490-c6d6467881fa"
      unitRef="usd">0</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTQtMTItMS0xLTA_bb946864-09a5-43c6-ab9a-ee023e61f7fa"
      unitRef="usd">18353000</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTQtMTQtMS0xLTA_f4ea54b9-fa27-4c3c-a668-3a0a893b0c1e"
      unitRef="usd">18403000</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:SecuredDebt
      contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTUtMi0xLTEtMA_817ddb74-8321-4412-8213-8c2b08e9f5b5"
      unitRef="usd">282326000</us-gaap:SecuredDebt>
    <us-gaap:SecuredDebt
      contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTUtNC0xLTEtMA_1889e436-2bc1-46be-8ea3-a48d56335146"
      unitRef="usd">1347357000</us-gaap:SecuredDebt>
    <us-gaap:SecuredDebt
      contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTUtNi0xLTEtMzYxNw_9b7c55dd-c68c-4287-bb8d-822fc8cb4895"
      unitRef="usd">3013093000</us-gaap:SecuredDebt>
    <us-gaap:SecuredDebt
      contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTUtNi0xLTEtMA_0f471e44-b7e4-4fab-ae73-238c6926e00c"
      unitRef="usd">1793620000</us-gaap:SecuredDebt>
    <us-gaap:SecuredDebt
      contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTUtOC0xLTEtMA_38fe383a-17b7-4991-b532-f5f92143ede0"
      unitRef="usd">463966000</us-gaap:SecuredDebt>
    <us-gaap:SecuredDebt
      contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTUtMTItMS0xLTA_f7d39a0b-7c57-44d7-9b8d-8d6720f49254"
      unitRef="usd">0</us-gaap:SecuredDebt>
    <us-gaap:SecuredDebt
      contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTUtMTQtMS0xLTA_110ed843-d76f-4789-af1a-17efc6b6d4e1"
      unitRef="usd">6900362000</us-gaap:SecuredDebt>
    <us-gaap:Liabilities
      contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTYtMi0xLTEtMA_41addb03-77a1-4721-84fa-0bfb49f95423"
      unitRef="usd">282467000</us-gaap:Liabilities>
    <us-gaap:Liabilities
      contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTYtNC0xLTEtMA_0776e987-dcf7-4de6-8afb-317e1c08b24d"
      unitRef="usd">1352104000</us-gaap:Liabilities>
    <us-gaap:Liabilities
      contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTYtNi0xLTEtMzYxNw_01f072f7-27f2-43d6-9b9c-94fb27592516"
      unitRef="usd">3023371000</us-gaap:Liabilities>
    <us-gaap:Liabilities
      contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTYtNi0xLTEtMA_b323f3b2-44c5-4965-b17d-683170ee210d"
      unitRef="usd">1798466000</us-gaap:Liabilities>
    <us-gaap:Liabilities
      contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTYtOC0xLTEtMA_08d80fe1-92ae-425b-b49f-7f58a4a59d02"
      unitRef="usd">465143000</us-gaap:Liabilities>
    <us-gaap:Liabilities
      contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTYtMTItMS0xLTA_96cf56b9-1507-40c3-9fa6-4745ca7aa4bc"
      unitRef="usd">226863000</us-gaap:Liabilities>
    <us-gaap:Liabilities
      contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTYtMTQtMS0xLTA_270df753-8972-4c6a-aa4d-5b8e51705509"
      unitRef="usd">7148414000</us-gaap:Liabilities>
    <rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated
      contextRef="i29e5f7a0d00c42fb80ca58283b69a4cc_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTgtMi0xLTEtMA_fb8f642e-3ac6-47c0-a435-76dfa63e2550"
      unitRef="investment">20</rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated>
    <rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated
      contextRef="ic084806e564f4abaa5985fe389302f4a_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTgtNC0xLTEtMA_8dfe14d5-3257-4e25-bffe-848225ec08a5"
      unitRef="investment">10</rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated>
    <rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated
      contextRef="i84c2acd716c14ea1b4d44273a4a9155b_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTgtNi0xLTEtMzYxNw_c1fa14bc-65c5-4d01-afdc-7e9657bc4691"
      unitRef="investment">14</rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated>
    <rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated
      contextRef="icb28212cfd9c48a4bf2e58e1c4ae34af_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTgtNi0xLTEtMA_e39ebac5-b490-4e06-be26-be73345ba639"
      unitRef="investment">2</rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated>
    <rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated
      contextRef="ia55b0c0b775c44bc8c7769e85f750e74_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTgtOC0xLTEtMA_37e0263b-e327-4576-85f1-39a60debf089"
      unitRef="investment">1</rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated>
    <rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated
      contextRef="ia8438d7cff3a436e9d33bc0f1227d73e_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTgtMTItMS0xLTA_d8204e77-fd5c-4629-adb7-7fda10fb64ab"
      unitRef="investment">3</rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated>
    <rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated
      contextRef="i5cd0520b1f5a4b9e91c1b19530e0f786_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjUzMmJmMDRlYWEwNTQ3OGVhOWVmZDNhMjIxNTA3MzY3L3RhYmxlcmFuZ2U6NTMyYmYwNGVhYTA1NDc4ZWE5ZWZkM2EyMjE1MDczNjdfMTgtMTQtMS0xLTA_87d3fcef-3fe4-4c37-837d-8db5b8617f21"
      unitRef="investment">50</rwt:NumberOfVariableInterestEntitiesAcquiredAndConsolidated>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMy0yLTEtMS0w_c4164bb7-5bda-4657-9e60-a97424c4cc5c"
      unitRef="usd">1348000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMy00LTEtMS0w_387f1a0d-27ce-494c-954f-b7396749b97e"
      unitRef="usd">15483000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMy02LTEtMS0w_69de7a32-2585-4d1a-993f-acaad0449ccf"
      unitRef="usd">20159000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMy04LTEtMS0w_3f44f2b4-9f43-469a-aab7-b60876407e85"
      unitRef="usd">4786000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMy0xMC0xLTEtMA_256e42df-300d-4902-8e9b-a8666d07f35b"
      unitRef="usd">48873000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMy0xMi0xLTEtMA_0c7dd957-da77-46c0-82c4-24235990a7e9"
      unitRef="usd">4222000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMy0xNC0xLTEtMA_417e5e84-64be-442f-aae3-132f4a0d6a53"
      unitRef="usd">94871000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestExpense
      contextRef="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNC0yLTEtMS0w_82b49fdd-8002-48d9-bfb8-42a7219219fc"
      unitRef="usd">875000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNC00LTEtMS0w_0adedd2b-a6f2-430b-af0a-f556abcbbece"
      unitRef="usd">12106000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNC02LTEtMS0w_6917187c-81ed-47ef-8f6d-2bbac25afb17"
      unitRef="usd">14468000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNC04LTEtMS0w_f378f7b9-512b-4b04-a0d5-6d53053cb8f7"
      unitRef="usd">4356000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNC0xMC0xLTEtMA_28f3e1bc-058c-4f0a-a02e-f84070f183cb"
      unitRef="usd">39011000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNC0xMi0xLTEtMA_37e7616e-e9ae-4211-b806-df5f3f0df4d8"
      unitRef="usd">1286000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNC0xNC0xLTEtMA_a3fc60c4-e98d-4cd4-8106-6b5c192a7576"
      unitRef="usd">72102000</us-gaap:InterestExpense>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNS0yLTEtMS0w_ae5db510-de97-4c80-9faa-4ab8d06f6014"
      unitRef="usd">473000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNS00LTEtMS0w_657343f0-4e2a-4757-bfd6-6b3656ab9c1b"
      unitRef="usd">3377000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNS02LTEtMS0w_c2b6431b-3ec5-4885-b2ed-44ff5d8e7448"
      unitRef="usd">5691000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNS04LTEtMS0w_49de7e0e-3a2c-4a2b-8c21-258ff1eb0ecd"
      unitRef="usd">430000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNS0xMC0xLTEtMA_0500094b-8e34-4a50-a08d-921554d097de"
      unitRef="usd">9862000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNS0xMi0xLTEtMA_faeee1a9-bdb3-435f-8625-bb2f3fa60b18"
      unitRef="usd">2936000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfNS0xNC0xLTEtMA_d4f530f4-9e8c-48c2-ae91-380a6e56c962"
      unitRef="usd">22769000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfOC0yLTEtMS0w_76f782c5-1519-4a69-84ae-e2d9687fb1be"
      unitRef="usd">-699000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfOC00LTEtMS0w_a92616aa-adf3-4051-b2e5-fe7aee6923a9"
      unitRef="usd">4898000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfOC02LTEtMS0w_83c62969-5038-4240-b1c9-b6f204a834aa"
      unitRef="usd">4117000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfOC04LTEtMS0w_576798b7-8b1c-43cc-8e0f-fd71c8cdeb12"
      unitRef="usd">8921000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfOC0xMC0xLTEtMA_89b64ed2-14c3-4152-bc93-4c797c0c399c"
      unitRef="usd">-286000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfOC0xMi0xLTEtMA_e8b82bad-d3b1-4bd4-acd0-5e7bf9f00d48"
      unitRef="usd">-1246000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfOC0xNC0xLTEtMA_fa516d41-8563-46ea-9962-5fc10a77da89"
      unitRef="usd">15705000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:NoninterestIncome
      contextRef="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTEtMi0xLTEtMA_5c458ed3-82cf-42ed-ab64-e01726192e53"
      unitRef="usd">-699000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTEtNC0xLTEtMA_ec8c8325-e289-4f7e-8191-6c500a176960"
      unitRef="usd">4898000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTEtNi0xLTEtMA_d8c66e82-2e52-4bda-8a30-cffecc80960b"
      unitRef="usd">4117000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTEtOC0xLTEtMA_d1cbbce0-39ad-4cc1-ad94-67f625d2e480"
      unitRef="usd">8921000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTEtMTAtMS0xLTA_a5b2cb81-b493-4668-a249-9a398f7f9127"
      unitRef="usd">-286000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTEtMTItMS0xLTA_a9107c2f-088a-4c11-b3e0-480e61d8934c"
      unitRef="usd">-1246000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTEtMTQtMS0xLTA_f8e723b3-abc9-49ae-b69e-ada26ade5c98"
      unitRef="usd">15705000</us-gaap:NoninterestIncome>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTItMi0xLTEtMA_dac80a4b-f3b1-487d-adf9-cd17810e7013"
      unitRef="usd">0</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTItNC0xLTEtMA_e6f115f2-1e8d-4616-8a72-1040c3d13458"
      unitRef="usd">0</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTItNi0xLTEtMA_7b3afe2f-609a-460a-9222-4c851ec6db4b"
      unitRef="usd">0</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTItOC0xLTEtMA_000d2cae-1ce2-4d3e-ae39-7f495ef377db"
      unitRef="usd">0</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTItMTAtMS0xLTA_0384e117-3e2a-46c8-a94b-afc6314e3f3b"
      unitRef="usd">0</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTItMTItMS0xLTA_16baaf93-b579-4a63-a035-78edf09a6cd4"
      unitRef="usd">38000</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTItMTQtMS0xLTA_95258ec6-874d-4927-b2bc-66bbe2174a79"
      unitRef="usd">38000</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:OtherNonrecurringIncomeExpense
      contextRef="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTMtMi0xLTEtMA_aceb58e7-df9d-47e7-aa63-430dd10d4ae2"
      unitRef="usd">0</us-gaap:OtherNonrecurringIncomeExpense>
    <us-gaap:OtherNonrecurringIncomeExpense
      contextRef="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTMtNC0xLTEtMA_a16acf81-32d7-48b7-b2d5-88468a7d460d"
      unitRef="usd">0</us-gaap:OtherNonrecurringIncomeExpense>
    <us-gaap:OtherNonrecurringIncomeExpense
      contextRef="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTMtNi0xLTEtMA_c14b73d8-10be-453e-af2e-57aec18c4416"
      unitRef="usd">0</us-gaap:OtherNonrecurringIncomeExpense>
    <us-gaap:OtherNonrecurringIncomeExpense
      contextRef="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTMtOC0xLTEtMA_69ebba70-cf18-4b6f-8c55-a9a874126230"
      unitRef="usd">0</us-gaap:OtherNonrecurringIncomeExpense>
    <us-gaap:OtherNonrecurringIncomeExpense
      contextRef="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTMtMTAtMS0xLTA_865f4a9b-6011-49c3-8bad-f9401723ee64"
      unitRef="usd">0</us-gaap:OtherNonrecurringIncomeExpense>
    <us-gaap:OtherNonrecurringIncomeExpense
      contextRef="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTMtMTItMS0xLTA_8cf3097b-a96c-417d-b36c-d01c70244955"
      unitRef="usd">-330000</us-gaap:OtherNonrecurringIncomeExpense>
    <us-gaap:OtherNonrecurringIncomeExpense
      contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTMtMTQtMS0xLTA_f37699d4-0639-4e4f-bf74-823aa5e3ff1e"
      unitRef="usd">-330000</us-gaap:OtherNonrecurringIncomeExpense>
    <us-gaap:NetIncomeLoss
      contextRef="i864e5a2195ff4beb91d25ef28ac0cc16_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTUtMi0xLTEtMA_6172f0ee-614d-460a-bc7d-6f78af6382f9"
      unitRef="usd">-226000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i7d6a028a3a7841a9842a4c6d6cbad075_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTUtNC0xLTEtMA_92838373-1294-4244-88ce-19418befa1f5"
      unitRef="usd">8275000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="ie7cafa80e4c9458886e90106a2db1975_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTUtNi0xLTEtMA_f0d707bd-54c5-4960-82a0-89c87233ab3a"
      unitRef="usd">9808000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i9aae5f9c02ea49189bd32435b563cbb7_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTUtOC0xLTEtMA_ab5dd88b-afdb-4f99-a6bf-d47ad11abe19"
      unitRef="usd">9351000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i37f506f6509e4b2698dc6849392371cd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTUtMTAtMS0xLTA_fbe48be8-b4bf-483c-b2ad-2f3324b3e0a2"
      unitRef="usd">9576000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i4ab7518be5cf4bf99bc95838443b7cf1_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTUtMTItMS0xLTA_502fb3e3-f0f4-4019-87b4-3af3f72d1df1"
      unitRef="usd">1322000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="if3352bf9c2084aa182011a8af862a39b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjRlYzBmOTMyNzdiMDQ4YmI5N2M3Zjg3ZGRhODQ4Yjg2L3RhYmxlcmFuZ2U6NGVjMGY5MzI3N2IwNDhiYjk3YzdmODdkZGE4NDhiODZfMTUtMTQtMS0xLTA_94a87d7d-71c1-4a49-a655-7695d9841ec3"
      unitRef="usd">38106000</us-gaap:NetIncomeLoss>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMy0yLTEtMS0w_48d1424d-ba7d-4f66-870b-db115b181333"
      unitRef="usd">3194000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i892cc407bc954925a5362c194b4806f8_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMy00LTEtMS0w_d6aa34f2-4413-4da4-bdb4-7e7f76f4ba2a"
      unitRef="usd">25083000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMy02LTEtMS0w_23829b70-351c-4c36-b4b3-1d9609eda3c9"
      unitRef="usd">21986000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMy04LTEtMS0w_75f1bfc2-12b8-449f-bba7-5db50abc69de"
      unitRef="usd">40172000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMy0xMC0xLTEtMA_2e53b6ae-911d-4a52-a474-4020fb0f22d3"
      unitRef="usd">30010000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i8582a0a154504adc965646d250f8da24_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMy0xMi0xLTEtMA_ccefcee3-46fb-407e-98be-6bf05d806b5c"
      unitRef="usd">4083000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMy0xNC0xLTEtMA_a2dea1f3-aa94-4a8b-a09e-43c418a42b9b"
      unitRef="usd">124528000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestExpense
      contextRef="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNC0yLTEtMS0w_46d2c45f-e8fe-4bdd-9e00-f2fecc7e3605"
      unitRef="usd">2522000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i892cc407bc954925a5362c194b4806f8_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNC00LTEtMS0w_90b90723-a03e-45d4-83dc-dd12b79c34ce"
      unitRef="usd">21510000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNC02LTEtMS0w_05df62ce-d0e7-4d2f-8595-2210b754de2a"
      unitRef="usd">16176000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNC04LTEtMS0w_8bd3829d-d42a-40d5-a0e4-c63c2b1d01a7"
      unitRef="usd">38348000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNC0xMC0xLTEtMA_76f1def3-884c-4e48-81ca-d69a659c40a5"
      unitRef="usd">21939000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i8582a0a154504adc965646d250f8da24_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNC0xMi0xLTEtMA_ceb3e93a-c1d3-4f51-9524-0ad67a7a44f2"
      unitRef="usd">1577000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNC0xNC0xLTEtMA_3bf6ee7f-2021-4c74-ad5d-b7893e98c708"
      unitRef="usd">102072000</us-gaap:InterestExpense>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNS0yLTEtMS0w_cdf813f1-9131-4061-bceb-8cb6da177ec2"
      unitRef="usd">672000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i892cc407bc954925a5362c194b4806f8_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNS00LTEtMS0w_4bc0782e-824b-4c1e-aa35-dccd5eb59eaa"
      unitRef="usd">3573000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNS02LTEtMS0w_c3ea5d04-dc8e-4e2d-93ba-4887d360cea7"
      unitRef="usd">5810000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNS04LTEtMS0w_2ea294a1-8ad1-4a90-b50e-00cd8fa43275"
      unitRef="usd">1824000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNS0xMC0xLTEtMA_9555d23c-6d79-419c-9d3c-968d5b04da8f"
      unitRef="usd">8071000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i8582a0a154504adc965646d250f8da24_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNS0xMi0xLTEtMA_e04f1126-322a-4218-b227-db0ece24c2ad"
      unitRef="usd">2506000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfNS0xNC0xLTEtMA_50e35bee-e15f-4404-b46f-c96cbbef3c37"
      unitRef="usd">22456000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfOC0yLTEtMS0w_c50a98f8-e3a6-451b-809c-859c5bf35739"
      unitRef="usd">-391000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i892cc407bc954925a5362c194b4806f8_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfOC00LTEtMS0w_a49a066a-97d2-420b-a8d6-aaabab494765"
      unitRef="usd">-69668000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfOC02LTEtMS0w_aee9712d-1e9a-42be-a188-6b35422d63cb"
      unitRef="usd">-142161000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfOC04LTEtMS0w_f070bf02-4afe-4b83-a342-a6600b77bfb4"
      unitRef="usd">-86509000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfOC0xMC0xLTEtMA_45474416-7d63-40da-a4e3-3e6b0a7acf10"
      unitRef="usd">-67846000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i8582a0a154504adc965646d250f8da24_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfOC0xMi0xLTEtMA_b5c79c76-c16a-45b6-bf03-4fd892b22f6f"
      unitRef="usd">-11884000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfOC0xNC0xLTEtMA_27ab25ef-f1f8-4b57-b85b-d9bf85ab19a5"
      unitRef="usd">-378459000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:NoninterestIncome
      contextRef="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTEtMi0xLTEtMA_1fdb3974-da8a-4fc5-9dad-99b84037467d"
      unitRef="usd">-391000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i892cc407bc954925a5362c194b4806f8_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTEtNC0xLTEtMA_3f4dca31-5067-4efa-8fa7-d9d6e4494309"
      unitRef="usd">-69668000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTEtNi0xLTEtMA_ac13ccf4-463e-4b38-b893-28213e0315b3"
      unitRef="usd">-142161000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTEtOC0xLTEtMA_8ffec5bf-657a-4786-ac62-08589a7bd2d1"
      unitRef="usd">-86509000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTEtMTAtMS0xLTA_89079b3e-2403-4215-9918-f3e9b9c3bc14"
      unitRef="usd">-67846000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i8582a0a154504adc965646d250f8da24_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTEtMTItMS0xLTA_691b9946-a827-4efb-94ac-f9d017e7c8d3"
      unitRef="usd">-11884000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTEtMTQtMS0xLTA_784bd51e-3d2f-4ce1-85b8-e686be6681e8"
      unitRef="usd">-378459000</us-gaap:NoninterestIncome>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTItMi0xLTEtMA_152ec529-3d50-46f2-845d-c9e5bba43f94"
      unitRef="usd">0</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i892cc407bc954925a5362c194b4806f8_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTItNC0xLTEtMA_33693c54-7668-4e8f-ba7f-c2801784ab01"
      unitRef="usd">0</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTItNi0xLTEtMA_470ac742-16e4-4d00-86b9-065a306f3ef1"
      unitRef="usd">0</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTItOC0xLTEtMA_1175fe8e-7f94-48f4-912f-19230355ebbc"
      unitRef="usd">0</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTItMTAtMS0xLTA_f2173458-f5a1-465b-9f99-fbc86da7980c"
      unitRef="usd">0</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i8582a0a154504adc965646d250f8da24_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTItMTItMS0xLTA_2790f0c7-c578-4e39-b684-e87e16cc35e0"
      unitRef="usd">31000</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTItMTQtMS0xLTA_434d91f3-a2cb-4fab-8087-556657e255da"
      unitRef="usd">31000</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:OtherNonrecurringIncomeExpense
      contextRef="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTMtMi0xLTEtMA_8b732edb-81d9-48dc-b327-d3096d8e6c30"
      unitRef="usd">0</us-gaap:OtherNonrecurringIncomeExpense>
    <us-gaap:OtherNonrecurringIncomeExpense
      contextRef="i892cc407bc954925a5362c194b4806f8_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTMtNC0xLTEtMA_f53b0f70-694e-42fa-bb04-253e52691dd5"
      unitRef="usd">0</us-gaap:OtherNonrecurringIncomeExpense>
    <us-gaap:OtherNonrecurringIncomeExpense
      contextRef="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTMtNi0xLTEtMA_d39dcfa6-605c-4bc2-b86d-6ba85bc82bcb"
      unitRef="usd">0</us-gaap:OtherNonrecurringIncomeExpense>
    <us-gaap:OtherNonrecurringIncomeExpense
      contextRef="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTMtOC0xLTEtMA_4817e31b-e68b-415c-a44a-2d747772b057"
      unitRef="usd">0</us-gaap:OtherNonrecurringIncomeExpense>
    <us-gaap:OtherNonrecurringIncomeExpense
      contextRef="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTMtMTAtMS0xLTA_8df8563b-96fa-4326-ad19-043480fad169"
      unitRef="usd">0</us-gaap:OtherNonrecurringIncomeExpense>
    <us-gaap:OtherNonrecurringIncomeExpense
      contextRef="i8582a0a154504adc965646d250f8da24_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTMtMTItMS0xLTA_b190263e-337d-4f79-8534-7564852e08c9"
      unitRef="usd">1882000</us-gaap:OtherNonrecurringIncomeExpense>
    <us-gaap:OtherNonrecurringIncomeExpense
      contextRef="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTMtMTQtMS0xLTA_d24ec27e-3cbb-4b5e-88db-404b8a2bfef9"
      unitRef="usd">1882000</us-gaap:OtherNonrecurringIncomeExpense>
    <us-gaap:NetIncomeLoss
      contextRef="id78cec37f6e849cea873c3e428b89d67_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTUtMi0xLTEtMA_2061d823-ecc2-469e-93e5-40469b95cb44"
      unitRef="usd">281000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i892cc407bc954925a5362c194b4806f8_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTUtNC0xLTEtMA_a307a334-41f0-4fbd-aa31-61c3266f4ddf"
      unitRef="usd">-66095000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i1cad52e5b880466d850a0bbccc33e1d2_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTUtNi0xLTEtMA_77472c94-0961-41da-9797-65dca5453aca"
      unitRef="usd">-136351000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i7d35b9a1bdca414799d43e0d8672bf9f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTUtOC0xLTEtMA_9d768ca9-efa5-4230-8a1c-84e8287892d8"
      unitRef="usd">-84685000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i6baa642359ce462ea0732b737a9eb64d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTUtMTAtMS0xLTA_614c61d5-9a43-4fcf-9759-178fe4cf658f"
      unitRef="usd">-59775000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i8582a0a154504adc965646d250f8da24_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTUtMTItMS0xLTA_919ebe11-0164-4743-8b41-3bd36b2ea83f"
      unitRef="usd">-7527000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i02b6bf5de9794bb8b349ad7e827351d2_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmUxYWUzNzk4MzhhNTQ4MGI5ZDQwNDhjMzEwNzMwYzY1L3RhYmxlcmFuZ2U6ZTFhZTM3OTgzOGE1NDgwYjlkNDA0OGMzMTA3MzBjNjVfMTUtMTQtMS0xLTA_31bae345-ed6e-46d6-bb53-3e9725efe9d8"
      unitRef="usd">-354152000</us-gaap:NetIncomeLoss>
    <rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost
      contextRef="i99a3de7c850f43348d1db9912c6cdeaf_I20200930"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfNjUxOA_12325675-88a9-4838-9557-2ac693ba0a8d"
      unitRef="usd">210000000</rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost>
    <rwt:NumberOfSecuritizationEntitiesToWhichAssetTransferred
      contextRef="ia5f4f97edfb941b4969cb161d8a250ca_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfNjcwNw_0b29ee4b-9cc4-4261-b391-1db085074219"
      unitRef="entity">54</rwt:NumberOfSecuritizationEntitiesToWhichAssetTransferred>
    <rwt:UnpaidPrincipalBalanceOfSecuritizationPurchased
      contextRef="i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMjE5OTAyMzI3MDQ3MQ_323e2af0-3d4d-4bf9-b718-a10eb43aeb7c"
      unitRef="usd">19000000</rwt:UnpaidPrincipalBalanceOfSecuritizationPurchased>
    <us-gaap:GainLossOnSecuritizationOfFinancialAssets
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMjE5OTAyMzI3MDQ4NA_36d41065-6f8a-42e6-9a30-c490e85702a1"
      unitRef="usd">2000000</us-gaap:GainLossOnSecuritizationOfFinancialAssets>
    <us-gaap:LoansHeldForSaleFairValueDisclosure
      contextRef="ia5f4f97edfb941b4969cb161d8a250ca_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMjE5OTAyMzI3MDQ5Ng_629061e0-e665-4e00-9521-9198c13e8eec"
      unitRef="usd">19000000</us-gaap:LoansHeldForSaleFairValueDisclosure>
    <us-gaap:ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTEyMjY_78ea9230-c724-4400-8240-17ca68be2c6e">&lt;div style="text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents information related to securitization transactions that occurred during the three months ended March&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 4.3 &#x2013; Securitization Activity Related to Unconsolidated VIEs Sponsored by Redwood&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:67.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.761%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.763%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Principal balance of loans transferred&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;875,879&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,573,703&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trading securities retained, at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,549&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;43,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;AFS securities retained, at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,078&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,198&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock>
    <rwt:PrincipalAmountOfLoansSecuritizedDuringPeriod
      contextRef="i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmFkOTBlNjA2YzNmNzQyNjk5ODA1ZWRmZThhYTVjYmFlL3RhYmxlcmFuZ2U6YWQ5MGU2MDZjM2Y3NDI2OTk4MDVlZGZlOGFhNWNiYWVfMi0yLTEtMS0w_83237c7e-f57e-4785-acb4-ac8fb4a591e7"
      unitRef="usd">875879000</rwt:PrincipalAmountOfLoansSecuritizedDuringPeriod>
    <rwt:PrincipalAmountOfLoansSecuritizedDuringPeriod
      contextRef="ie5ab53c43f654a03b6b0209dfa99f634_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmFkOTBlNjA2YzNmNzQyNjk5ODA1ZWRmZThhYTVjYmFlL3RhYmxlcmFuZ2U6YWQ5MGU2MDZjM2Y3NDI2OTk4MDVlZGZlOGFhNWNiYWVfMi00LTEtMS0w_f376ced7-1231-4bd3-bdd8-68a55db7f144"
      unitRef="usd">1573703000</rwt:PrincipalAmountOfLoansSecuritizedDuringPeriod>
    <rwt:SecuritiesRetainedAtFairValueDuringPeriod
      contextRef="i81eec5e507dd48beab738bf026d3310b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmFkOTBlNjA2YzNmNzQyNjk5ODA1ZWRmZThhYTVjYmFlL3RhYmxlcmFuZ2U6YWQ5MGU2MDZjM2Y3NDI2OTk4MDVlZGZlOGFhNWNiYWVfMy0yLTEtMS0w_66aa12ec-913d-4c05-a16e-337d33a031e3"
      unitRef="usd">6549000</rwt:SecuritiesRetainedAtFairValueDuringPeriod>
    <rwt:SecuritiesRetainedAtFairValueDuringPeriod
      contextRef="i324b610d787347de83776f941bf1b0d4_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmFkOTBlNjA2YzNmNzQyNjk5ODA1ZWRmZThhYTVjYmFlL3RhYmxlcmFuZ2U6YWQ5MGU2MDZjM2Y3NDI2OTk4MDVlZGZlOGFhNWNiYWVfMy00LTEtMS0w_757fe81c-5dd0-45f6-a0fb-675c5b097e84"
      unitRef="usd">43362000</rwt:SecuritiesRetainedAtFairValueDuringPeriod>
    <rwt:SecuritiesRetainedAtFairValueDuringPeriod
      contextRef="i35b63c103d874150a852872b9f080f5b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmFkOTBlNjA2YzNmNzQyNjk5ODA1ZWRmZThhYTVjYmFlL3RhYmxlcmFuZ2U6YWQ5MGU2MDZjM2Y3NDI2OTk4MDVlZGZlOGFhNWNiYWVfNC0yLTEtMS0w_ac0f8303-7e8d-41bd-a67c-8f7433963770"
      unitRef="usd">1078000</rwt:SecuritiesRetainedAtFairValueDuringPeriod>
    <rwt:SecuritiesRetainedAtFairValueDuringPeriod
      contextRef="i8e3c7e81e5e843e9b7a28ac9eb5e1b65_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmFkOTBlNjA2YzNmNzQyNjk5ODA1ZWRmZThhYTVjYmFlL3RhYmxlcmFuZ2U6YWQ5MGU2MDZjM2Y3NDI2OTk4MDVlZGZlOGFhNWNiYWVfNC00LTEtMS0w_7fbe297b-e3b1-46bc-b852-044b9be9d208"
      unitRef="usd">3198000</rwt:SecuritiesRetainedAtFairValueDuringPeriod>
    <rwt:CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTEyMzM_ebafb613-a44d-461f-97a0-9970d8f1faa9">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table summarizes the cash flows during the three months ended March&#160;31, 2021 and 2020 between us and the unconsolidated VIEs sponsored by us and accounted for as sales since 2012.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 4.4 &#x2013; Cash Flows Related to Unconsolidated VIEs Sponsored by Redwood&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:67.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.761%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.763%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Proceeds from new transfers&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;904,390&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,610,761&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;MSR fees received&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,607&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,690&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Funding of compensating interest, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(100)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(92)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Cash flows received on retained securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,629&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,581&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</rwt:CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock>
    <us-gaap:CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers
      contextRef="i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjE2ZjliNTYwMDdlYjQ4NWVhZTEwMjFmNmYzMjEwMTc5L3RhYmxlcmFuZ2U6MTZmOWI1NjAwN2ViNDg1ZWFlMTAyMWY2ZjMyMTAxNzlfMi0yLTEtMS0w_ebd17610-8865-4ba9-a81d-5e1addbfa286"
      unitRef="usd">904390000</us-gaap:CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers>
    <us-gaap:CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers
      contextRef="ie5ab53c43f654a03b6b0209dfa99f634_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjE2ZjliNTYwMDdlYjQ4NWVhZTEwMjFmNmYzMjEwMTc5L3RhYmxlcmFuZ2U6MTZmOWI1NjAwN2ViNDg1ZWFlMTAyMWY2ZjMyMTAxNzlfMi00LTEtMS0w_d3279d2a-1d9e-46b6-a395-1481c85d030f"
      unitRef="usd">1610761000</us-gaap:CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers>
    <us-gaap:CashFlowsBetweenTransfereeAndTransferorServicingFees
      contextRef="i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjE2ZjliNTYwMDdlYjQ4NWVhZTEwMjFmNmYzMjEwMTc5L3RhYmxlcmFuZ2U6MTZmOWI1NjAwN2ViNDg1ZWFlMTAyMWY2ZjMyMTAxNzlfMy0yLTEtMS0w_20c3ac2a-0d11-4fb5-86f0-4261ba034e9c"
      unitRef="usd">1607000</us-gaap:CashFlowsBetweenTransfereeAndTransferorServicingFees>
    <us-gaap:CashFlowsBetweenTransfereeAndTransferorServicingFees
      contextRef="ie5ab53c43f654a03b6b0209dfa99f634_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjE2ZjliNTYwMDdlYjQ4NWVhZTEwMjFmNmYzMjEwMTc5L3RhYmxlcmFuZ2U6MTZmOWI1NjAwN2ViNDg1ZWFlMTAyMWY2ZjMyMTAxNzlfMy00LTEtMS0w_0bacc610-481b-4d56-b2c2-4591c8d78f2e"
      unitRef="usd">2690000</us-gaap:CashFlowsBetweenTransfereeAndTransferorServicingFees>
    <us-gaap:CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances
      contextRef="i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjE2ZjliNTYwMDdlYjQ4NWVhZTEwMjFmNmYzMjEwMTc5L3RhYmxlcmFuZ2U6MTZmOWI1NjAwN2ViNDg1ZWFlMTAyMWY2ZjMyMTAxNzlfNC0yLTEtMS0w_ab962d39-541f-402c-b987-686c0017d69a"
      unitRef="usd">100000</us-gaap:CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances>
    <us-gaap:CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances
      contextRef="ie5ab53c43f654a03b6b0209dfa99f634_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjE2ZjliNTYwMDdlYjQ4NWVhZTEwMjFmNmYzMjEwMTc5L3RhYmxlcmFuZ2U6MTZmOWI1NjAwN2ViNDg1ZWFlMTAyMWY2ZjMyMTAxNzlfNC00LTEtMS0w_c907e9d9-209a-46d0-a6ae-f314d5bc8102"
      unitRef="usd">92000</us-gaap:CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances>
    <us-gaap:CashFlowsBetweenTransferorAndTransfereeBeneficialInterest
      contextRef="i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjE2ZjliNTYwMDdlYjQ4NWVhZTEwMjFmNmYzMjEwMTc5L3RhYmxlcmFuZ2U6MTZmOWI1NjAwN2ViNDg1ZWFlMTAyMWY2ZjMyMTAxNzlfNS0yLTEtMS0w_7871fa70-5796-4bc5-88c4-1a1d06b35e1e"
      unitRef="usd">8629000</us-gaap:CashFlowsBetweenTransferorAndTransfereeBeneficialInterest>
    <us-gaap:CashFlowsBetweenTransferorAndTransfereeBeneficialInterest
      contextRef="ie5ab53c43f654a03b6b0209dfa99f634_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjE2ZjliNTYwMDdlYjQ4NWVhZTEwMjFmNmYzMjEwMTc5L3RhYmxlcmFuZ2U6MTZmOWI1NjAwN2ViNDg1ZWFlMTAyMWY2ZjMyMTAxNzlfNS00LTEtMS0w_5cff7463-34d1-4de1-9675-a7a772bb40d6"
      unitRef="usd">6581000</us-gaap:CashFlowsBetweenTransferorAndTransfereeBeneficialInterest>
    <us-gaap:ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTEyNTk_18ce5153-8eeb-4581-aa7b-698522e37696">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the key weighted-average assumptions used to value securities retained at the date of securitization for securitizations completed during the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 4.5 &#x2013; Assumptions Related to Assets Retained from Unconsolidated VIEs Sponsored by Redwood&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:29.358%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.589%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.589%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.589%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.595%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;At Date of Securitization&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Senior IO Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Senior IO Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate Securities&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Prepayment rates&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;41&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Discount rates&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Credit loss assumptions&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.22 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.22 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.21&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.22&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock>
    <us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed
      contextRef="id549d917daee4ad691fd062262f8e9a0_D20210101-20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfMi00LTEtMS0w_c44c1175-0d3d-4366-b178-1a953496471a"
      unitRef="number">0.12</us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed>
    <us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed
      contextRef="ia43f35dc40644c5f89702816427ee2b7_D20210101-20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfMi02LTEtMS0w_cd4787e3-31ce-4914-8e89-acef5b4ea84b"
      unitRef="number">0.12</us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed>
    <us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed
      contextRef="iac48efe18d8c437580093df830c91303_D20200101-20200331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfMi0xMC0xLTEtMA_fad279c2-b55f-4177-aba6-64e64906c3f3"
      unitRef="number">0.41</us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed>
    <us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed
      contextRef="i5dace06988d64f0babe357ab71250d7b_D20200101-20200331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfMi0xMi0xLTEtMA_4e953157-62eb-40ec-8e52-99c20798b269"
      unitRef="number">0.13</us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed>
    <us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate
      contextRef="id549d917daee4ad691fd062262f8e9a0_D20210101-20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfMy00LTEtMS0w_f615549d-f3b0-4a4d-a83f-c02125f76369"
      unitRef="number">0.15</us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate>
    <us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate
      contextRef="ia43f35dc40644c5f89702816427ee2b7_D20210101-20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfMy02LTEtMS0w_a7ee1ae5-1ce6-49b2-a697-bdc378345fd2"
      unitRef="number">0.06</us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate>
    <us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate
      contextRef="iac48efe18d8c437580093df830c91303_D20200101-20200331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfMy0xMC0xLTEtMA_aaf2a21c-1ec1-4e4b-a9cd-f3a09352aeeb"
      unitRef="number">0.16</us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate>
    <us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate
      contextRef="i5dace06988d64f0babe357ab71250d7b_D20200101-20200331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfMy0xMi0xLTEtMA_0e0a7eda-5ad2-4456-b2e4-c6c9b0edb32a"
      unitRef="number">0.06</us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate>
    <us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses
      contextRef="id549d917daee4ad691fd062262f8e9a0_D20210101-20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfNC00LTEtMS0w_0f3bcd2a-035d-4260-a7d6-5e9af8aba1bb"
      unitRef="number">0.0022</us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses>
    <us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses
      contextRef="ia43f35dc40644c5f89702816427ee2b7_D20210101-20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfNC02LTEtMS0w_9a086d52-07c0-4224-8b7d-b54985a1ca07"
      unitRef="number">0.0022</us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses>
    <us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses
      contextRef="iac48efe18d8c437580093df830c91303_D20200101-20200331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfNC0xMC0xLTEtMA_8f48c3eb-8bee-4da8-a302-415e749690a0"
      unitRef="number">0.0021</us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses>
    <us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses
      contextRef="i5dace06988d64f0babe357ab71250d7b_D20200101-20200331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRlMzEyZTMyNDg5NDQ1MzFiNDQxOTNlYjBiZGExNTc4L3RhYmxlcmFuZ2U6ZGUzMTJlMzI0ODk0NDUzMWI0NDE5M2ViMGJkYTE1NzhfNC0xMi0xLTEtMA_09b4b117-762b-4c75-9223-5c0c886768c7"
      unitRef="number">0.0022</us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses>
    <us-gaap:QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTEyMTU_e0b4d287-c4d7-4099-a5b2-bafb82b9b61d">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents additional information at March&#160;31, 2021 and December&#160;31, 2020, related to unconsolidated VIEs sponsored by Redwood and accounted for as sales since 2012.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 4.6 &#x2013; Unconsolidated VIEs Sponsored by Redwood&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:64.129%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.589%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.592%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;On-balance sheet assets, at fair value:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest-only, senior and subordinate securities, classified as trading&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,692&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,982&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Subordinate securities, classified as AFS&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;141,632&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;136,475&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mortgage servicing rights&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,648&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,413&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Maximum loss exposure &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;170,972&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;165,870&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Assets transferred:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Principal balance of loans outstanding&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,188,320&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,728,432&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Principal balance of loans 30+ days delinquent&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;88,671&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;138,029&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Maximum loss exposure from our involvement with unconsolidated VIEs pertains to the carrying value of our securities and MSRs retained from these VIEs and represents estimated losses that would be incurred under severe, hypothetical circumstances, such as if the value of our interests and any associated collateral declines to zero. This does not include, for example, any potential exposure to representation and warranty claims associated with our initial transfer of loans into a securitization.&lt;/span&gt;&lt;/div&gt;</us-gaap:QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock>
    <us-gaap:TradingSecuritiesDebt
      contextRef="ia706ae4529b24fa5b77d8bdbcc8191d6_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfMi0yLTEtMS0w_73017e1b-ff3e-4336-8b11-c88cbe18987f"
      unitRef="usd">21692000</us-gaap:TradingSecuritiesDebt>
    <us-gaap:TradingSecuritiesDebt
      contextRef="i77c175e5c08c4ad9941f57566da0f8a7_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfMi00LTEtMS0w_1bcbb620-2162-4103-900e-31e593bf6c60"
      unitRef="usd">20982000</us-gaap:TradingSecuritiesDebt>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="i3cdaeff7be5e454c8ce6f2cd952b22cc_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfMy0yLTEtMS0w_115f2092-668a-4858-9be5-2db5b8d0cc5b"
      unitRef="usd">141632000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="ib546bb4eae8a408080a7026493d5ba9c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfMy00LTEtMS0w_42190706-e1f1-4594-90a1-d897f22338c3"
      unitRef="usd">136475000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="ia99618844cf24d1b905d1d74910b289a_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfNC0yLTEtMS0w_d277b79e-c107-4add-9815-c6167474dc35"
      unitRef="usd">7648000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i8ed690cdee64450b84799ae7dfde6ae1_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfNC00LTEtMS0w_df92ef5e-22c1-4449-9d99-6e63cfd01cd5"
      unitRef="usd">8413000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount
      contextRef="ia5f4f97edfb941b4969cb161d8a250ca_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfNS0yLTEtMS0w_c7ddc35e-0f09-4a40-b0e0-d722ab3c11ab"
      unitRef="usd">170972000</us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount>
    <us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount
      contextRef="ied477d8bed37404d8950d3d3f0efd37f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfNS00LTEtMS0w_58576356-039c-4b1f-b4a3-8391be14c0d9"
      unitRef="usd">165870000</us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount>
    <us-gaap:DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding
      contextRef="ia5f4f97edfb941b4969cb161d8a250ca_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfNy0yLTEtMS0w_b247745d-2285-4027-88b4-d6118ee4e5e4"
      unitRef="usd">7188320000</us-gaap:DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding>
    <us-gaap:DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding
      contextRef="ied477d8bed37404d8950d3d3f0efd37f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfNy00LTEtMS0w_92fb4da4-6deb-4aa9-b71c-73db43b52458"
      unitRef="usd">7728432000</us-gaap:DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding>
    <us-gaap:DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod
      contextRef="ia5f4f97edfb941b4969cb161d8a250ca_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfOC0yLTEtMS0w_2f57aee0-a6fe-45e0-8e2b-bd9ce33b8968"
      unitRef="usd">88671000</us-gaap:DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod>
    <us-gaap:DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod
      contextRef="ied477d8bed37404d8950d3d3f0efd37f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjA2NzEyNjlkYmNmZDQ1YjRiMTNhOGUyM2RiZDhhMjk2L3RhYmxlcmFuZ2U6MDY3MTI2OWRiY2ZkNDViNGIxM2E4ZTIzZGJkOGEyOTZfOC00LTEtMS0w_5fc9ffb4-3d77-45bf-86dc-f03be99466a2"
      unitRef="usd">138029000</us-gaap:DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod>
    <us-gaap:ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTEyNjM_d74d5c4c-144c-432c-be7c-5c5144f88e95">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents key economic assumptions for assets retained from unconsolidated VIEs and the sensitivity of their fair values to immediate adverse changes in those assumptions at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 4.7 &#x2013; Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated VIEs Sponsored by Redwood&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:60.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.986%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Senior&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Securities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate Securities&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Fair value at March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,648&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,692&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;141,632&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Expected life (in years)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Prepayment speed assumption (annual CPR)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;27 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;33 %&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Decrease in fair value from:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10% adverse change&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;786&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,541&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;288&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25% adverse change&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,752&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,508&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;759&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Discount rate assumption&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Decrease in fair value from:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;100 basis point increase&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;176&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;477&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,937&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;200 basis point increase&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;346&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;930&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,961&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Credit loss assumption &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.40&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.40&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Decrease in fair value from:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10% higher losses&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,519&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25% higher losses&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,187&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:60.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.986%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Senior&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Securities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate Securities&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Fair value at December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,413&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,333&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;140,124&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Expected life (in years)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Prepayment speed assumption (annual CPR)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;33&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Decrease in fair value from:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10% adverse change&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;906&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,557&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;452&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25% adverse change&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,058&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,754&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,298&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Discount rate assumption&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Decrease in fair value from:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;100 basis point increase&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;196&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;337&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,769&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;200 basis point increase&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;380&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;659&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,650&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Credit loss assumption &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.41&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.41&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Decrease in fair value from:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10% higher losses&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,409&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:11.25pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25% higher losses&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,915&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div&gt;&lt;span&gt;&lt;br/&gt;&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Senior securities included $22 million and $17 million of interest-only securities at March&#160;31, 2021 and December&#160;31, 2020, respectively. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Expected life, prepayment speed assumption, discount rate assumption, and credit loss assumption presented in the tables above represent weighted averages.&lt;/span&gt;&lt;/div&gt;</us-gaap:ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock>
    <us-gaap:InterestsContinuedToBeHeldByTransferorFairValue
      contextRef="i8495bad40b7e417480447a16509a7df0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMi0yLTEtMS0w_c3dcc07c-2668-4310-941a-32047eb3b8d6"
      unitRef="usd">7648000</us-gaap:InterestsContinuedToBeHeldByTransferorFairValue>
    <us-gaap:InterestsContinuedToBeHeldByTransferorFairValue
      contextRef="i353e49f9d97e47b7bfb62207392cc84c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMi00LTEtMS0w_e927eade-28be-44de-84fd-1efa35aa261e"
      unitRef="usd">21692000</us-gaap:InterestsContinuedToBeHeldByTransferorFairValue>
    <us-gaap:InterestsContinuedToBeHeldByTransferorFairValue
      contextRef="i32294eb898b142eba0a03a9be8773a03_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMi02LTEtMS0w_905ef543-80d9-4ee5-a5a1-ea28fc88f7c4"
      unitRef="usd">141632000</us-gaap:InterestsContinuedToBeHeldByTransferorFairValue>
    <us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1
      contextRef="i3a4fe6f40463480c92258c144f7a4a48_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMy0yLTEtMS0w_b7fc58c0-9db6-417a-9852-c8a1dc503bed">P2Y</us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1>
    <us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1
      contextRef="id549d917daee4ad691fd062262f8e9a0_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMy00LTEtMS0w_cd030bb9-dfc3-48b8-a935-34d7e830359b">P4Y</us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1>
    <us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1
      contextRef="ia43f35dc40644c5f89702816427ee2b7_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMy02LTEtMS0w_6b86b511-eec8-4124-b5fa-4bb787407508">P8Y</us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent
      contextRef="i3a4fe6f40463480c92258c144f7a4a48_D20210101-20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNC0yLTEtMS0w_9d62beb8-cca3-4ea6-b85b-d51cedb4b473"
      unitRef="number">0.38</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent
      contextRef="id549d917daee4ad691fd062262f8e9a0_D20210101-20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNC00LTEtMS0w_5f6a4d14-4f9c-483b-95bb-b18c529977f0"
      unitRef="number">0.27</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent
      contextRef="ia43f35dc40644c5f89702816427ee2b7_D20210101-20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNC02LTEtMS0w_b774ac8f-68f4-427b-8bf7-7333181d0a8e"
      unitRef="number">0.33</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent
      contextRef="i3b9bd483c3d1416095c70193435a5109_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNi0wLTEtMS0wL3RleHRyZWdpb246NGRmZTIxMjNmNTM3NDI4ZGJlNWRmMDMzN2FhZGM3MjNfNA_39eae297-3be6-407c-b792-837b624ce5cd"
      unitRef="number">0.10</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent
      contextRef="i57d1b0386671404d9d1b83db127d367c_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNi0wLTEtMS0wL3RleHRyZWdpb246NGRmZTIxMjNmNTM3NDI4ZGJlNWRmMDMzN2FhZGM3MjNfNA_838b1f8d-0dff-41d3-a57e-d31c64677e84"
      unitRef="number">0.10</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent
      contextRef="ic2d65bd491d142bbbde87d9b4e37c0c3_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNi0wLTEtMS0wL3RleHRyZWdpb246NGRmZTIxMjNmNTM3NDI4ZGJlNWRmMDMzN2FhZGM3MjNfNA_c864db38-d0fc-4904-b403-9835d764f054"
      unitRef="number">0.10</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed
      contextRef="i8495bad40b7e417480447a16509a7df0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNi0yLTEtMS0w_5997e7b3-b107-4e0e-b861-3b8997dd8c74"
      unitRef="usd">786000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed
      contextRef="i353e49f9d97e47b7bfb62207392cc84c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNi00LTEtMS0w_bc3a64e5-f65c-4f82-91d7-9ded8f4fdf92"
      unitRef="usd">1541000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed
      contextRef="i32294eb898b142eba0a03a9be8773a03_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNi02LTEtMS0w_2a28d0d7-86c5-4341-85c7-69736e525d61"
      unitRef="usd">288000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent
      contextRef="i09d39cdf142f4c7e9e1bf106c358a14b_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNy0wLTEtMS0wL3RleHRyZWdpb246MDA4NDBiNWYzYjJjNDEzZWFmMzBhZmExMDFiYWI0YTJfNA_1bf68a1a-87ae-4e3d-afe5-f32bb84e51e4"
      unitRef="number">0.25</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent
      contextRef="i8a58dc12f3cc4dcf932d8db9def778c5_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNy0wLTEtMS0wL3RleHRyZWdpb246MDA4NDBiNWYzYjJjNDEzZWFmMzBhZmExMDFiYWI0YTJfNA_7fa5bc93-2e20-4832-afb6-47fd609421a4"
      unitRef="number">0.25</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent
      contextRef="id5ee436a5ca84177b103986e5798e87f_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNy0wLTEtMS0wL3RleHRyZWdpb246MDA4NDBiNWYzYjJjNDEzZWFmMzBhZmExMDFiYWI0YTJfNA_b8c394e5-0aae-4324-ba10-a86b7be2df2a"
      unitRef="number">0.25</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed
      contextRef="i8495bad40b7e417480447a16509a7df0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNy0yLTEtMS0w_7505bfbd-6ab5-4d5a-9c0e-76988facae0f"
      unitRef="usd">1752000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed
      contextRef="i353e49f9d97e47b7bfb62207392cc84c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNy00LTEtMS0w_917ff30a-5927-43af-a4d3-485407f07c07"
      unitRef="usd">3508000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed
      contextRef="i32294eb898b142eba0a03a9be8773a03_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfNy02LTEtMS0w_d1b8a854-dad4-4654-9650-1adbe812d8a2"
      unitRef="usd">759000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent
      contextRef="i3a4fe6f40463480c92258c144f7a4a48_D20210101-20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfOC0yLTEtMS0w_158465d2-b700-4bc1-9eb9-1e59a7b77bd8"
      unitRef="number">0.12</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent
      contextRef="id549d917daee4ad691fd062262f8e9a0_D20210101-20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfOC00LTEtMS0w_6c3ea127-4257-47dc-bca3-c41cdfc2440a"
      unitRef="number">0.19</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent
      contextRef="ia43f35dc40644c5f89702816427ee2b7_D20210101-20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfOC02LTEtMS0w_7c4d4263-b7dc-4a39-ba63-61be2745cd9e"
      unitRef="number">0.04</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent
      contextRef="i57d1b0386671404d9d1b83db127d367c_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTAtMC0xLTEtMC90ZXh0cmVnaW9uOjQwODI0YWExNjA4NTRkYWViYmY4OGI1YTRkNTI4M2VhXzQ_151b3597-cf9e-476f-b25f-57b014718e87"
      unitRef="number">0.0100</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent
      contextRef="i3b9bd483c3d1416095c70193435a5109_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTAtMC0xLTEtMC90ZXh0cmVnaW9uOjQwODI0YWExNjA4NTRkYWViYmY4OGI1YTRkNTI4M2VhXzQ_d9fdde19-a278-410f-b2aa-8b407b8e8028"
      unitRef="number">0.0100</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent
      contextRef="ic2d65bd491d142bbbde87d9b4e37c0c3_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTAtMC0xLTEtMC90ZXh0cmVnaW9uOjQwODI0YWExNjA4NTRkYWViYmY4OGI1YTRkNTI4M2VhXzQ_ef3b4830-13ed-4149-875d-e804565b4ea3"
      unitRef="number">0.0100</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate
      contextRef="i8495bad40b7e417480447a16509a7df0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTAtMi0xLTEtMA_64852d95-e121-427d-bbee-a60616efbf3c"
      unitRef="usd">176000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate
      contextRef="i353e49f9d97e47b7bfb62207392cc84c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTAtNC0xLTEtMA_0e62973d-1e55-4c73-81de-abf74e9eef15"
      unitRef="usd">477000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate
      contextRef="i32294eb898b142eba0a03a9be8773a03_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTAtNi0xLTEtMA_5921fbcb-d57c-460e-bbec-705b284fa087"
      unitRef="usd">9937000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent
      contextRef="id5ee436a5ca84177b103986e5798e87f_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTEtMC0xLTEtMC90ZXh0cmVnaW9uOjE0OTNmYzY4M2UxMDQyOGNiNDkwZTkyMDEwOTZiY2JjXzQ_2ceea792-6042-4680-94fe-4e9b41a461a7"
      unitRef="number">0.0200</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent
      contextRef="i8a58dc12f3cc4dcf932d8db9def778c5_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTEtMC0xLTEtMC90ZXh0cmVnaW9uOjE0OTNmYzY4M2UxMDQyOGNiNDkwZTkyMDEwOTZiY2JjXzQ_8daa2cab-ee19-42c7-8a46-e7a695aaaff0"
      unitRef="number">0.0200</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent
      contextRef="i09d39cdf142f4c7e9e1bf106c358a14b_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTEtMC0xLTEtMC90ZXh0cmVnaW9uOjE0OTNmYzY4M2UxMDQyOGNiNDkwZTkyMDEwOTZiY2JjXzQ_c28a784c-7358-4c76-8328-ab8f9ef5971a"
      unitRef="number">0.0200</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent>
    <rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate
      contextRef="i8495bad40b7e417480447a16509a7df0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTEtMi0xLTEtMA_52990a13-36d4-4b16-a7e0-9a9b4cb52843"
      unitRef="usd">346000</rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate>
    <rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate
      contextRef="i353e49f9d97e47b7bfb62207392cc84c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTEtNC0xLTEtMA_7ca3f10a-9f5d-4e51-9ba3-c9acc5f553fa"
      unitRef="usd">930000</rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate>
    <rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate
      contextRef="i32294eb898b142eba0a03a9be8773a03_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTEtNi0xLTEtMA_70c57fde-7ca3-4725-8f69-d4c77d41e056"
      unitRef="usd">18961000</rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent
      contextRef="id549d917daee4ad691fd062262f8e9a0_D20210101-20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTItNC0xLTEtMA_6db39477-d925-48b0-b8e7-ddfbedfda054"
      unitRef="number">0.0040</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent
      contextRef="ia43f35dc40644c5f89702816427ee2b7_D20210101-20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTItNi0xLTEtMA_e64fd539-de33-4307-a5b4-c392a636820b"
      unitRef="number">0.0040</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent
      contextRef="i3b9bd483c3d1416095c70193435a5109_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTQtMC0xLTEtMC90ZXh0cmVnaW9uOmJmY2YxZTkyZjAyMDRmNDRhYmUxMTkyNzQzZjJkOWI1XzQ_26dfc179-70e5-43e0-9033-6f21599211df"
      unitRef="number">0.10</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent
      contextRef="i57d1b0386671404d9d1b83db127d367c_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTQtMC0xLTEtMC90ZXh0cmVnaW9uOmJmY2YxZTkyZjAyMDRmNDRhYmUxMTkyNzQzZjJkOWI1XzQ_52efe28a-a257-47c3-b12f-671ce069f1fd"
      unitRef="number">0.10</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent
      contextRef="ic2d65bd491d142bbbde87d9b4e37c0c3_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTQtMC0xLTEtMC90ZXh0cmVnaW9uOmJmY2YxZTkyZjAyMDRmNDRhYmUxMTkyNzQzZjJkOWI1XzQ_9d9192bb-5662-4900-8f51-6679d11c60ec"
      unitRef="number">0.10</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses
      contextRef="i353e49f9d97e47b7bfb62207392cc84c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTQtNC0xLTEtMA_464a941c-2617-40d1-82bd-f435137e5e91"
      unitRef="usd">0</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses
      contextRef="i32294eb898b142eba0a03a9be8773a03_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTQtNi0xLTEtMA_0042e85b-c2db-4b6a-a7f0-9d4b9a7f92a9"
      unitRef="usd">2519000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent
      contextRef="i8a58dc12f3cc4dcf932d8db9def778c5_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTUtMC0xLTEtMC90ZXh0cmVnaW9uOmIxOGFjYjM3NjdhMjRhNWI5ZjZkMThkMjQ1MDgyOGFkXzQ_3b607dee-4f81-410a-8308-80266f919168"
      unitRef="number">0.25</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent
      contextRef="i09d39cdf142f4c7e9e1bf106c358a14b_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTUtMC0xLTEtMC90ZXh0cmVnaW9uOmIxOGFjYjM3NjdhMjRhNWI5ZjZkMThkMjQ1MDgyOGFkXzQ_9ef900f7-d35a-46ff-a891-fba63026c243"
      unitRef="number">0.25</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent
      contextRef="id5ee436a5ca84177b103986e5798e87f_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTUtMC0xLTEtMC90ZXh0cmVnaW9uOmIxOGFjYjM3NjdhMjRhNWI5ZjZkMThkMjQ1MDgyOGFkXzQ_d350d4be-abe8-4d86-9ce5-f1da0554f6dc"
      unitRef="number">0.25</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss
      contextRef="i353e49f9d97e47b7bfb62207392cc84c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTUtNC0xLTEtMA_e8e63a2e-c690-4011-a0ca-9419bd3c755b"
      unitRef="usd">0</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss
      contextRef="i32294eb898b142eba0a03a9be8773a03_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOjhlOTUzNjAxNjQwNzRhYjliYWZiYzgyZmI3YzdhNDRjL3RhYmxlcmFuZ2U6OGU5NTM2MDE2NDA3NGFiOWJhZmJjODJmYjdjN2E0NGNfMTUtNi0xLTEtMA_1658fe7b-aa32-41a2-ad1d-2df91c4df8cd"
      unitRef="usd">6187000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss>
    <us-gaap:InterestsContinuedToBeHeldByTransferorFairValue
      contextRef="iea882139b3f640509990cb5b28fe74da_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMi0yLTEtMS0w_2a47f4c9-77c5-4056-82d3-93999b377d35"
      unitRef="usd">8413000</us-gaap:InterestsContinuedToBeHeldByTransferorFairValue>
    <us-gaap:InterestsContinuedToBeHeldByTransferorFairValue
      contextRef="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMi00LTEtMS0w_e8721805-f3e5-44b3-b48b-b173ae60b291"
      unitRef="usd">17333000</us-gaap:InterestsContinuedToBeHeldByTransferorFairValue>
    <us-gaap:InterestsContinuedToBeHeldByTransferorFairValue
      contextRef="ib64aea5f9e5e4374a730f7cab224a59f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMi02LTEtMS0w_d2f7df87-aecc-483d-b87c-95d106705ede"
      unitRef="usd">140124000</us-gaap:InterestsContinuedToBeHeldByTransferorFairValue>
    <us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1
      contextRef="i06ed4e6b8bb6495e9e5ef48c718b367f_D20200101-20201231"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMy0yLTEtMS0w_925c831f-0708-48c3-9f18-ef6cdf11b29e">P2Y</us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1>
    <us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1
      contextRef="i5a57950744504d5283e5573c75ab8ae9_D20200101-20201231"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMy00LTEtMS0w_59f7e8f1-3515-45e5-9027-ed512388ed1c">P3Y</us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1>
    <us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1
      contextRef="i8beed95ac1444b9a8a3fb5b2b4b5ec7f_D20200101-20201231"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMy02LTEtMS0w_ce17eabd-2ecd-4f69-808f-093a4a047710">P8Y</us-gaap:AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent
      contextRef="i06ed4e6b8bb6495e9e5ef48c718b367f_D20200101-20201231"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNC0yLTEtMS0w_ad3b8b3e-329e-4bac-8d0a-22549edc3664"
      unitRef="number">0.37</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent
      contextRef="i5a57950744504d5283e5573c75ab8ae9_D20200101-20201231"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNC00LTEtMS0w_cde19c4c-4a7c-4f83-a485-aa781f4c7173"
      unitRef="number">0.31</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent
      contextRef="i8beed95ac1444b9a8a3fb5b2b4b5ec7f_D20200101-20201231"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNC02LTEtMS0w_ed9042b5-2fa2-4571-8847-67d23f85c622"
      unitRef="number">0.33</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent
      contextRef="i640b2657ff074ef99259f4905a2a8208_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNi0wLTEtMS0wL3RleHRyZWdpb246YzQ0MTY3YWY4ZWE0NGMxYTkxYWI5Y2FhZjZhOGVjNmZfNA_2f5748fa-a53f-499e-91d5-7ea28d86d870"
      unitRef="number">0.10</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent
      contextRef="i2f0a995d32a64d16996dafdc6a733d41_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNi0wLTEtMS0wL3RleHRyZWdpb246YzQ0MTY3YWY4ZWE0NGMxYTkxYWI5Y2FhZjZhOGVjNmZfNA_4ef20faf-065b-47ff-b84f-e50f2c7a6018"
      unitRef="number">0.10</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent
      contextRef="if6fd010a4a124a889d1a1545bbf34103_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNi0wLTEtMS0wL3RleHRyZWdpb246YzQ0MTY3YWY4ZWE0NGMxYTkxYWI5Y2FhZjZhOGVjNmZfNA_e29e99a9-631f-450a-a773-948c94cfe2d9"
      unitRef="number">0.10</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed
      contextRef="iea882139b3f640509990cb5b28fe74da_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNi0yLTEtMS0w_de6b0d53-308c-4b65-b260-9c8e5341d390"
      unitRef="usd">906000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed
      contextRef="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNi00LTEtMS0w_3c20a064-7647-4e15-ad43-20a66613f9ef"
      unitRef="usd">1557000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed
      contextRef="ib64aea5f9e5e4374a730f7cab224a59f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNi02LTEtMS0w_08ed7e77-e5cd-4765-a981-3b84b5b57049"
      unitRef="usd">452000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent
      contextRef="i8a7d8d1bf0b84d9db00c821600b0ca8b_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNy0wLTEtMS0wL3RleHRyZWdpb246NTk4MDM2ZWUxM2NkNDA4MmFjNzhhYWVhNmMzNTdmZmJfNA_34ce6e75-55c6-4734-9482-c835b515c032"
      unitRef="number">0.25</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent
      contextRef="ie7389f73965f46508e603e4f82d5a7fe_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNy0wLTEtMS0wL3RleHRyZWdpb246NTk4MDM2ZWUxM2NkNDA4MmFjNzhhYWVhNmMzNTdmZmJfNA_b88c5db5-389b-4723-9441-c7ea69b6f2d9"
      unitRef="number">0.25</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent
      contextRef="i5c03fca8226948b28fe29770664c33b7_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNy0wLTEtMS0wL3RleHRyZWdpb246NTk4MDM2ZWUxM2NkNDA4MmFjNzhhYWVhNmMzNTdmZmJfNA_d487b7cb-0eb7-47ab-82e1-73dc3584ea02"
      unitRef="number">0.25</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed
      contextRef="iea882139b3f640509990cb5b28fe74da_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNy0yLTEtMS0w_bd1c4086-e69d-4501-9714-d75241845408"
      unitRef="usd">2058000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed
      contextRef="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNy00LTEtMS0w_552d73f4-7d62-4b44-9f8f-38dd05846f4a"
      unitRef="usd">3754000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed
      contextRef="ib64aea5f9e5e4374a730f7cab224a59f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfNy02LTEtMS0w_5ef04257-130f-41b6-9d5b-1ccb436da8d5"
      unitRef="usd">2298000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent
      contextRef="i06ed4e6b8bb6495e9e5ef48c718b367f_D20200101-20201231"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfOC0yLTEtMS0w_c1690472-bae3-46b8-a466-98005e92de3c"
      unitRef="number">0.12</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent
      contextRef="i5a57950744504d5283e5573c75ab8ae9_D20200101-20201231"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfOC00LTEtMS0w_89ff8a9c-e90d-4939-a692-af3608141684"
      unitRef="number">0.21</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent
      contextRef="i8beed95ac1444b9a8a3fb5b2b4b5ec7f_D20200101-20201231"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfOC02LTEtMS0w_134d10f2-54da-4a5f-9d03-1b40a83d7281"
      unitRef="number">0.05</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent
      contextRef="i2f0a995d32a64d16996dafdc6a733d41_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTAtMC0xLTEtMC90ZXh0cmVnaW9uOmVjMDViZjAyNWJjNDQyYTZhMTZhMmI0YTZjYTMxYmU2XzQ_08a6e57f-d27f-4eb4-9461-daf8beb77eba"
      unitRef="number">0.0100</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent
      contextRef="i640b2657ff074ef99259f4905a2a8208_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTAtMC0xLTEtMC90ZXh0cmVnaW9uOmVjMDViZjAyNWJjNDQyYTZhMTZhMmI0YTZjYTMxYmU2XzQ_b573e6d0-0e06-4ee2-96f1-a6d8daadc659"
      unitRef="number">0.0100</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent
      contextRef="if6fd010a4a124a889d1a1545bbf34103_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTAtMC0xLTEtMC90ZXh0cmVnaW9uOmVjMDViZjAyNWJjNDQyYTZhMTZhMmI0YTZjYTMxYmU2XzQ_c727eeb2-7539-4303-a2fc-7803ab8b7128"
      unitRef="number">0.0100</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate
      contextRef="iea882139b3f640509990cb5b28fe74da_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTAtMi0xLTEtMA_2c47b226-b349-4309-bdd4-d328f155ee53"
      unitRef="usd">196000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate
      contextRef="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTAtNC0xLTEtMA_5bbf1a57-2b72-4eb5-949e-406bc5c47f19"
      unitRef="usd">337000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate
      contextRef="ib64aea5f9e5e4374a730f7cab224a59f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTAtNi0xLTEtMA_758d863f-13f6-4d7d-8fd4-c77334ed4cad"
      unitRef="usd">9769000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent
      contextRef="ie7389f73965f46508e603e4f82d5a7fe_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTEtMC0xLTEtMC90ZXh0cmVnaW9uOmRhNTkyYmMzYTU2YjRiOTJhYzhjZmM2OGZjM2M3MzYxXzQ_82e34600-c5b2-47be-b759-bc341c111fe5"
      unitRef="number">0.0200</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent
      contextRef="i5c03fca8226948b28fe29770664c33b7_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTEtMC0xLTEtMC90ZXh0cmVnaW9uOmRhNTkyYmMzYTU2YjRiOTJhYzhjZmM2OGZjM2M3MzYxXzQ_ae042ee7-c2c9-407d-90e9-55ac84bc0afa"
      unitRef="number">0.0200</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent
      contextRef="i8a7d8d1bf0b84d9db00c821600b0ca8b_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTEtMC0xLTEtMC90ZXh0cmVnaW9uOmRhNTkyYmMzYTU2YjRiOTJhYzhjZmM2OGZjM2M3MzYxXzQ_ca5aa35c-e7a0-49f5-a8f8-d1f5529cb55b"
      unitRef="number">0.0200</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent>
    <rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate
      contextRef="iea882139b3f640509990cb5b28fe74da_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTEtMi0xLTEtMA_8f2a775d-8a04-4e5b-a254-54eae6fbd245"
      unitRef="usd">380000</rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate>
    <rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate
      contextRef="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTEtNC0xLTEtMA_508e296c-7444-4227-ba4a-45dabfacea88"
      unitRef="usd">659000</rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate>
    <rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate
      contextRef="ib64aea5f9e5e4374a730f7cab224a59f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTEtNi0xLTEtMA_33b4eaa5-06b5-43ed-b3b2-f98a9e9e92d5"
      unitRef="usd">18650000</rwt:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent
      contextRef="i5a57950744504d5283e5573c75ab8ae9_D20200101-20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTItNC0xLTEtMA_c793c267-684d-463f-b50a-76aa9caac5b2"
      unitRef="number">0.0041</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent
      contextRef="i8beed95ac1444b9a8a3fb5b2b4b5ec7f_D20200101-20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTItNi0xLTEtMA_969ae0f1-5a64-4a41-ad1e-ce1780e6aa80"
      unitRef="number">0.0041</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent
      contextRef="i640b2657ff074ef99259f4905a2a8208_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTQtMC0xLTEtMC90ZXh0cmVnaW9uOjQ1NmZkMmUwMjU5YTRlMzRhMDg5OWYxZGZkN2U3NmJmXzQ_7c65c289-867e-4d25-9e84-5db12c14cd8f"
      unitRef="number">0.10</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent
      contextRef="if6fd010a4a124a889d1a1545bbf34103_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTQtMC0xLTEtMC90ZXh0cmVnaW9uOjQ1NmZkMmUwMjU5YTRlMzRhMDg5OWYxZGZkN2U3NmJmXzQ_98cad3fb-2d68-4d3d-bf63-300bd83224d0"
      unitRef="number">0.10</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent
      contextRef="i2f0a995d32a64d16996dafdc6a733d41_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTQtMC0xLTEtMC90ZXh0cmVnaW9uOjQ1NmZkMmUwMjU5YTRlMzRhMDg5OWYxZGZkN2U3NmJmXzQ_dc5880a9-a1cb-4217-85bc-be0c59e103a2"
      unitRef="number">0.10</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses
      contextRef="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTQtNC0xLTEtMA_2ba219c5-2ee6-4a75-b05a-e2122bdb4173"
      unitRef="usd">0</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses
      contextRef="ib64aea5f9e5e4374a730f7cab224a59f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTQtNi0xLTEtMA_15ca4eea-5936-4601-a74e-5ba633612975"
      unitRef="usd">2409000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent
      contextRef="i5c03fca8226948b28fe29770664c33b7_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTUtMC0xLTEtMC90ZXh0cmVnaW9uOjYzZTMxN2JlYWViMTRkNzg5NjZmN2Q2ZDM3M2ZjNTZkXzQ_5d81c933-e9d1-42fe-bbaf-a4b388023015"
      unitRef="number">0.25</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent
      contextRef="i8a7d8d1bf0b84d9db00c821600b0ca8b_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTUtMC0xLTEtMC90ZXh0cmVnaW9uOjYzZTMxN2JlYWViMTRkNzg5NjZmN2Q2ZDM3M2ZjNTZkXzQ_bd47aa15-6af3-4c35-9c56-56f0c1c1dc09"
      unitRef="number">0.25</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent>
    <rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent
      contextRef="ie7389f73965f46508e603e4f82d5a7fe_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTUtMC0xLTEtMC90ZXh0cmVnaW9uOjYzZTMxN2JlYWViMTRkNzg5NjZmN2Q2ZDM3M2ZjNTZkXzQ_ce4c9ed3-d627-458a-9104-896ce6a75d10"
      unitRef="number">0.25</rwt:SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss
      contextRef="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTUtNC0xLTEtMA_a3f3e48f-e736-432e-bab3-0111fdcc1980"
      unitRef="usd">0</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss
      contextRef="ib64aea5f9e5e4374a730f7cab224a59f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmRmODU1NGMzNjBmOTRmYzlhZTYzMmJlNTY4M2EwM2IwL3RhYmxlcmFuZ2U6ZGY4NTU0YzM2MGY5NGZjOWFlNjMyYmU1NjgzYTAzYjBfMTUtNi0xLTEtMA_71fcf896-42ce-4230-bbca-0f4de9cd7aae"
      unitRef="usd">5915000</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss>
    <us-gaap:InterestsContinuedToBeHeldByTransferorFairValue
      contextRef="i353e49f9d97e47b7bfb62207392cc84c_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfOTY4MQ_85f9dc86-b51f-4f86-8813-8dae96f69937"
      unitRef="usd">22000000</us-gaap:InterestsContinuedToBeHeldByTransferorFairValue>
    <us-gaap:InterestsContinuedToBeHeldByTransferorFairValue
      contextRef="i8f0210483dbe4630b06f9ebccec0d8cf_I20201231"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfOTY4OA_45bbe3ba-6cf5-4fba-99c0-9531626e5d26"
      unitRef="usd">17000000</us-gaap:InterestsContinuedToBeHeldByTransferorFairValue>
    <rwt:ScheduleofThirdPartySponsoredVIESummaryTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RleHRyZWdpb246NDI4MzEyNzk5ZjA2NDVlMzlkM2RiMjJkODM0NDk3YWFfMTEyNDk_729a900a-f242-4eca-8815-e22c4c38e5f6">The following table presents a summary of our interests in third-party VIEs at March&#160;31, 2021 and December&#160;31, 2020, grouped by asset type. &lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 4.8 &#x2013; Third-Party Sponsored VIE Summary&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:64.129%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.589%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.592%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mortgage-Backed Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Senior &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,888&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,131&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mezzanine&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,014&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Subordinate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;191,108&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;173,523&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Mortgage-Backed Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;200,996&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;186,668&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Excess MSR&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13,267&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,133&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Investments in Third-Party Sponsored VIEs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;214,263&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;200,801&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</rwt:ScheduleofThirdPartySponsoredVIESummaryTableTextBlock>
    <us-gaap:MarketableSecurities
      contextRef="id0b2bb0ff56f4aff88a344a095797450_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfMi0yLTEtMS0w_d0fb4944-22bd-46e2-b407-d676f4aa6ce7"
      unitRef="usd">9888000</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="i7627833b45014bf396486110ec773e45_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfMi00LTEtMS0w_34229680-6491-4ff8-99cb-a7ccbdf96bf5"
      unitRef="usd">11131000</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="ieb724b40380e4abc8a89cb256bd2aa50_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfMy0yLTEtMS0w_699b9e75-a01a-48b0-827b-2cb84a67d3a6"
      unitRef="usd">0</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="i02a80a66f38c4b44a315d7168a8a1ce7_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfMy00LTEtMS0w_ce8f8358-6f3d-4993-b1f9-4c4934d60141"
      unitRef="usd">2014000</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="ifc32f6755aab4925abcc3c52e366bc7e_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfNC0yLTEtMS0w_ea7c5c14-a933-4a6c-8931-7be4db561e49"
      unitRef="usd">191108000</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="i3c284847aff748009fa71644a06f3072_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfNC00LTEtMS0w_4de93ecf-2c86-414d-bbb1-e59c263fc3a1"
      unitRef="usd">173523000</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="i73fe65c9e2414eec9dbdef6605f7443b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfNS0yLTEtMS0w_dd15b5cb-f8ac-4fe1-b2d6-aa670da3befa"
      unitRef="usd">200996000</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="i0ac2ebffe5924bc0a94219d40202f750_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfNS00LTEtMS0w_d94d7890-a16f-47d5-af4f-eecfb5e8efc4"
      unitRef="usd">186668000</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="i187a64b8f7bd4b18a2e0da3abb554a64_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfNi0yLTEtMS0w_871c63d6-7ef9-4a1d-b2fd-cf7c45e4fbe4"
      unitRef="usd">13267000</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="i85ed2e4038cb400e8111953a8a687393_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfNi00LTEtMS0w_6b4600cb-e30d-4ef8-9aed-ade296fed233"
      unitRef="usd">14133000</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="iecf782aaafa84824bed1d8555c09df06_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfNy0yLTEtMS0w_7b3396f3-80ce-4839-a46b-bafe0391fd60"
      unitRef="usd">214263000</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="i4d41c3938347453eb8eae76d1a512021_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80My9mcmFnOjQyODMxMjc5OWYwNjQ1ZTM5ZDNkYjIyZDgzNDQ5N2FhL3RhYmxlOmI1NmI4M2FkZDQ1OTRhNzlhMzVjNzZmYzU3OGM0ZWEyL3RhYmxlcmFuZ2U6YjU2YjgzYWRkNDU5NGE3OWEzNWM3NmZjNTc4YzRlYTJfNy00LTEtMS0w_0e929055-352c-4a53-8565-076415c5fc2a"
      unitRef="usd">200801000</us-gaap:MarketableSecurities>
    <us-gaap:FairValueDisclosuresTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfODg1MQ_67ef7aee-1f19-4151-8628-7b2d2cc95df4">Fair Value of Financial Instruments&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;For financial reporting purposes, we follow a fair value hierarchy established under GAAP that is used to determine the fair value of financial instruments. This hierarchy prioritizes relevant market inputs in order to determine an &#x201c;exit price&#x201d; at the measurement date, or the price at which an asset could be sold or a liability could be transferred in an orderly process that is not a forced liquidation or distressed sale. Level 1 inputs are observable inputs that reflect quoted prices for identical assets or liabilities in active markets. Level 2 inputs are observable inputs other than quoted prices for an asset or liability that are obtained through corroboration with observable market data. Level 3 inputs are unobservable inputs (e.g., our own data or assumptions) that are used when there is little, if any, relevant market activity for the asset or liability required to be measured at fair value. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In certain cases, inputs used to measure fair value fall into different levels of the fair value hierarchy. In such cases, the level at which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. Our assessment of the significance of a particular input requires judgment and considers factors specific to the asset or liability being measured. &lt;/span&gt;&lt;/div&gt;&lt;div style="text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the carrying values and estimated fair values of assets and liabilities that are required to be recorded or disclosed at fair value at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align:justify;text-indent:18pt"&gt;&lt;span&gt;&lt;br/&gt;&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.1 &#x2013; Carrying Values and Fair Values of Assets and Liabilities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:11pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:49.386%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.582%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.582%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.582%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.588%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Carrying&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Fair&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Carrying&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Fair&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Residential loans, held-for-sale at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;996,476&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;996,476&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;176,604&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;176,604&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Residential loans, held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;3,705,324&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;3,705,324&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,072,410&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,072,410&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Business purpose loans, held-for-sale&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;333,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;333,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;245,394&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;245,394&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Business purpose loans, held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;3,839,010&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;3,839,010&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;3,890,959&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;3,890,959&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Multifamily loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Real estate securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;364,320&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;364,320&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;344,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;344,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Servicer advance investments &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;206,525&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;206,525&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;231,489&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;231,489&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;MSRs &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;7,945&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;7,945&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;8,815&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;8,815&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Excess MSRs &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;32,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;32,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;34,418&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;34,418&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Shared home appreciation options&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt; (1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;45,823&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;45,823&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;42,440&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;42,440&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Cash and cash equivalents&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;426,019&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;426,019&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;461,260&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;461,260&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Restricted cash&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;95,775&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;95,775&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;83,190&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;83,190&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Derivative assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;129,924&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;129,924&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;53,238&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;53,238&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;REO &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;15,829&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;18,176&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;8,413&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;9,229&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Margin receivable&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;16,283&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;16,283&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,758&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,758&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;FHLBC stock &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Pledged collateral&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,177&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,177&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Short-term debt &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,253,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,253,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;522,609&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;522,609&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Margin payable &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;84,306&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;84,306&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Guarantee obligation &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;9,238&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;6,782&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;10,039&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;7,843&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Derivative liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;73,178&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;73,178&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;16,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;16,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;ABS issued, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;6,475,472&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;6,475,472&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;6,900,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;6,900,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Amortized cost&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;196,205&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;200,157&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;200,299&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;204,892&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;FHLBC long-term borrowings&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Other long-term debt, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;786,869&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;793,421&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;774,726&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;783,570&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Convertible notes, net &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;511,707&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;522,423&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;511,085&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;499,865&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Trust preferred securities and subordinated notes, net &lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;138,686&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;97,650&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;138,674&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;80,910&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;These investments are included in Other investments on our consolidated balance sheets.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;These assets are included in Other assets on our consolidated balance sheets.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(3)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;These liabilities are included in Accrued expenses and other liabilities on our consolidated balance sheets.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;During the three months ended March&#160;31, 2021, we elected the fair value option for $22 million of securities, $3.10 billion of residential loans (principal balance), and $386 million of business purpose loans (principal balance). We anticipate electing the fair value option for all future purchases of residential and business purpose loans that we intend to sell to third parties or transfer to securitizations, for business purpose bridge loans we hold for investment, as well as for certain securities we purchase, including IO securities and fixed-rate securities rated investment grade or higher. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the assets and liabilities that are reported at fair value on our consolidated balance sheets on a recurring basis at March&#160;31, 2021 and December&#160;31, 2020, as well as the fair value hierarchy of the valuation inputs used to measure fair value.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.2 &#x2013; Assets and Liabilities Measured at Fair Value on a Recurring Basis &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:47.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.987%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Carrying&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair Value Measurements Using&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 1&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 2&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 3&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,701,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,701,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Business purpose loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,172,120&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,172,120&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Multifamily loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real estate securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;364,320&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;364,320&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Servicer advance investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;206,525&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;206,525&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,945&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,945&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Excess MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Shared home appreciation options&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,823&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,823&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Derivative assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;129,924&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;87,960&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,164&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;FHLBC stock&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Derivative liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;73,178&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;35,106&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;ABS issued&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,475,472&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,475,472&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:47.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.987%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Carrying&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair Value Measurements Using&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 1&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 2&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 3&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,249,014&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,249,014&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Business purpose loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,136,353&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,136,353&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Multifamily loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real estate securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;344,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;344,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Servicer advance investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;231,489&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;231,489&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,815&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,815&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Excess MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;34,418&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;34,418&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Shared home appreciation options&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;42,440&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;42,440&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Derivative assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;53,238&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,260&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19,951&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,027&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Pledged collateral&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,177&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,177&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;FHLBC stock&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Derivative liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,495&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;577&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;ABS issued&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,900,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,900,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents additional information about Level 3 assets and liabilities measured at fair value on a recurring basis for the three months ended March&#160;31, 2021.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.3 &#x2013; Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:17pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.444%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.682%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.698%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.698%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.838%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.419%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:6.860%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.397%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:6.302%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.419%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.405%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="51" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Residential Loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Business Purpose&lt;br/&gt;Loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Multifamily Loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Trading Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;AFS &lt;br/&gt;Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Servicer Advance Investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Excess MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Shared Home Appreciation Options&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:26pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Beginning balance -&lt;br/&gt;&#160;&#160;&#160;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,249,014&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,136,353&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;125,667&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;218,458&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;231,489&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;8,815&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;34,418&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;42,440&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Acquisitions&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;3,146,682&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;22,429&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,078&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Originations&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;386,327&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Sales&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(2,348,126)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(8,877)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(23,546)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(2,200)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Principal paydowns&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(369,393)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(282,289)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(1,946)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(509)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(11,238)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(24,804)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(1,932)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Gains (losses) in net income (loss), net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;24,898&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(45,987)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(730)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;21,349&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,596&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(160)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(870)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(1,953)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;5,315&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Unrealized losses in OCI, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;8,236&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Other settlements, net &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(1,275)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(13,407)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Ending balance - &lt;br/&gt;&#160;&#160;&#160;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,701,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,172,120&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;145,390&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;218,930&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;206,525&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;7,945&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;32,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;45,823&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.3 &#x2013; Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis (continued)&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:6pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:72.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.261%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.263%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Derivatives &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;ABS&lt;br/&gt;Issued&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Beginning balance - December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;14,450&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;6,900,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Acquisitions&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;147,086&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Principal paydowns&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(494,234)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Gains (losses) in net income (loss), net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(52,761)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(77,742)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Other settlements, net &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,369&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Ending balance - March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(33,942)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;6,475,472&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&#160;&#160;&#160;&#160;Other settlements, net for residential and business purpose loans represents the transfer of loans to REO, and for derivatives, the settlement of forward sale commitments and the transfer of the fair value of loan purchase or interest rate lock commitments at the time loans are acquired to the basis of residential and single-family rental loans. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&#160;&#160;&#160;&#160;For the purpose of this presentation, derivative assets and liabilities, which consist of loan purchase commitments and interest rate lock commitments, are presented on a net basis.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the portion of gains or losses included in our consolidated statements of income (loss) that were attributable to Level 3 assets and liabilities recorded at fair value on a recurring basis and held at March&#160;31, 2021 and 2020. Gains or losses incurred on assets or liabilities sold, matured, called, or fully written down during the three months ended March&#160;31, 2021 and 2020 are not included in this presentation.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.4 &#x2013; Portion of Net Gains (Losses) Attributable to Level 3 Assets and Liabilities Still Held at March&#160;31, 2021 and 2020 Included in Net Income&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:3pt;text-align:justify"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:68.344%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.483%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.485%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Included in Net Income&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loans at Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(9,978)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(102,867)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Business purpose loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,104&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(68,864)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investments in consolidated Sequoia entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,201&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(179,499)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investments in consolidated Freddie Mac SLST entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,088&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(193,035)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investments in consolidated Freddie Mac K-Series entity &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,921&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(10,351)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investments in consolidated CAFL entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;370&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(271,917)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trading securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;490&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(136,359)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Servicer advance investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(160)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(6,062)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;756&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(16,640)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Excess MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,952)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(9,494)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Shared home appreciation options&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,315&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(7,554)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loan purchase and interest rate lock commitments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,053&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loan purchase commitments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(35,661)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,967)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Contingent consideration&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(312)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&#160;&#160;&#160;&#160;Represents the portion of net gains or losses included in our consolidated statements of income (loss) related to loans and the associated ABS issued at our consolidated securitization entities held at March&#160;31, 2021 and 2020, which netted together represent the change in value of our investments at the consolidated VIEs, excluding REO.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents information on assets recorded at fair value on a non-recurring basis at March&#160;31, 2021. This table does not include the carrying value and gains or losses associated with the asset types below that were not recorded at fair value on our consolidated balance sheets at March&#160;31, 2021.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.5 &#x2013; Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis at March&#160;31, 2021 &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:43.622%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.156%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Gain (Loss) for&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Carrying &lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair Value Measurements Using&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Three Months Ended&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 1&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 2&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 3&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;REO&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,316&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,316&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the net market valuation gains and losses recorded in each line item of our consolidated statements of income for the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.6 &#x2013; Market Valuation Gains and Losses, Net&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:68.483%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.483%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.485%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Mortgage Banking Activities, Net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loans held-for-sale, at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,112&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(13,480)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loan purchase and forward sale commitments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(52,385)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,435&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Single-family rental loans held-for-sale, at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,248&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,467&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Single-family rental loan purchase and interest rate lock commitments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;341&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Bridge loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,044&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,934)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trading securities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;721&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Risk management derivatives, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;92,822&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(52,832)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total mortgage banking activities, net &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;75,562&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(37,003)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Investment Fair Value Changes, Net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loans at Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;317&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(93,636)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Single-family rental loans held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(23,028)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Bridge loans held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,304&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(38,602)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trading securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,628&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(263,325)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Servicer advance investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(160)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(6,062)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Excess MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,953)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(9,494)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investments in Legacy Sequoia entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(699)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(391)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investments in Sequoia Choice entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,898&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(69,669)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investments in Freddie Mac SLST entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,117&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(142,162)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investment in Freddie Mac K-Series entity &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,921&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(86,509)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investments in CAFL entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(286)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(67,846)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Shared home appreciation options&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,315&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(7,554)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;310&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,887)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Risk management derivatives, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(59,142)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Credit recoveries (losses) on AFS securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;375&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,525)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total investment fair value changes, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,087&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(870,832)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Other Income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(866)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(18,608)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Risk management derivatives, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13,966&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total other income &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(4)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(866)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4,642)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Market Valuation Gains (Losses), Net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;119,783&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(912,477)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt"&gt;Represents fair value changes on trading securities that are being used along with risk management derivatives to manage the mark-to-market risks associated with our residential mortgage banking operations.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt"&gt;Mortgage banking activities, net presented above does not include fee income from loan originations or acquisitions, provisions for repurchases expense, and other expenses that are components of Mortgage banking activities, net presented on our consolidated statements of income (loss), as these amounts do not represent market valuation changes.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"&gt;(3)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt"&gt;Includes changes in fair value of the residential loans held-for-investment, REO and the ABS issued at the entities, which netted together represent the change in value of our investments at the consolidated VIEs.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"&gt;(4)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt"&gt;Other income presented above does not include net MSR fee income or provisions for repurchases for MSRs, as these amounts do not represent market valuation adjustments. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;At March&#160;31, 2021, our valuation policy and processes had not changed from those described in our Annual Report on Form 10-K for the year ended December&#160;31, 2020. The following table provides quantitative information about the significant unobservable inputs used in the valuation of our Level 3 assets and liabilities measured at fair value.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:9pt;margin-top:3pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.7 &#x2013; Fair Value Methodology for Level 3 Financial Instruments&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:14pt;margin-top:8pt;text-align:justify"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:24.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.761%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:27.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:6.261%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.466%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:6.261%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:3.483%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:6.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:3.488%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="21" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Input Values&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:24pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands, except Input Values)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Unobservable Input&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Range&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Weighted &lt;/span&gt;&lt;/div&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Average&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Residential loans, at fair value:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Jumbo fixed-rate loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;422,819&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Whole loan spread to TBA price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Whole loan spread to swap rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;250&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;250&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;250&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Jumbo loans committed to sell&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;573,657&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Whole loan committed sales price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;100.68&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;103.28&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;101.50&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Loans held by Legacy Sequoia &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;274,861&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Liability price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Loans held by Sequoia Choice &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,276,112&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Liability price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Loans held by Freddie Mac SLST &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,154,351&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Liability price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Business purpose loans:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Single-family rental loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;333,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Senior credit spread&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Subordinate credit spread&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;120&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,598&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;312&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Senior credit support&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;33&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;33&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;33&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;IO discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Non-securitizable loan dollar price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;86&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;102&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;99&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Single-family rental loans held by CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,212,526&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Liability price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Bridge loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;626,484&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:125%"&gt;Multifamily loans held by Freddie Mac K-Series &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:125%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Liability price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Trading and AFS securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;364,320&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;27&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;65&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Default rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Loss severity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;50&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;CRT dollar price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;90&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;112&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;98&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Servicer advance investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;206,525&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Expected remaining life &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;years&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;years&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Mortgage servicing income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,945&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;100&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Per loan annual cost to service&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Excess MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Excess mortgage servicing income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.7 &#x2013; Fair Value Methodology for Level 3 Financial Instruments (continued)&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:24.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.761%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:27.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:6.261%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.466%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:6.261%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:3.483%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:6.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:3.488%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="21" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Input Values&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:26pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands, except Input Values)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Unobservable Input&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Range&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Weighted &lt;/span&gt;&lt;/div&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Average &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Assets (continued)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Shared home appreciation options&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,823&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;24&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Home price appreciation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;REO&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,316&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Loss severity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;53 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Residential loan purchase commitments, net &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;33,942&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Committed sales price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;98.53&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;102.15&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;100.13&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Pull-through rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;22&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;100&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;76&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Whole loan spread to TBA price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Whole loan spread to swap rate &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;250&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;250&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;250&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;MSR multiple&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;x&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;x&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;ABS issued &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;:&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;At consolidated Sequoia entities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,325,920&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#160;% &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;54&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Default rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Loss severity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;50&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;At consolidated Freddie Mac SLST entities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,725,235&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Default rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Loss severity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;35&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;35&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;35&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;At consolidated Freddie Mac K-Series entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(4)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;460,565&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#160;% &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;At consolidated CAFL entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(4)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,963,752&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Default rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Loss severity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;The weighted average input values for all loan types are based on the unpaid principal balance. The weighted average input values for all other assets and liabilities are based on relative fair value. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities. At March&#160;31, 2021, the fair value of securities we owned at the consolidated Sequoia, Freddie Mac SLST, Freddie Mac K-Series, and CAFL entities was $226 million, $431 million, $29 million, and $261 million, respectively.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%"&gt;(3)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:8.68pt"&gt;Represents the estimated average duration of outstanding servicer advances at a given point in time (not taking into account new advances made with respect to the pool). &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(4)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;As a market convention, certain securities are priced to a no-loss yield and therefore do not include default and loss severity assumptions. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Determination of Fair Value&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We generally use both market comparable information and discounted cash flow modeling techniques to determine the fair value of our Level 3 assets and liabilities. Use of these techniques requires determination of relevant inputs and assumptions, some of which represent significant unobservable inputs as indicated in the preceding table. Accordingly, a significant increase or decrease in any of these inputs - such as anticipated credit losses, prepayment rates, interest rates, or other valuation assumptions - in isolation would  likely result in a significantly lower or higher fair value measurement.&lt;/span&gt;&lt;/div&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Included in &lt;/span&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Note 5 &lt;/span&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;to the Consolidated Financial Statements of our&#160;Annual Report on Form 10-K for the year ended &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;December&#160;31, 2020&lt;/span&gt; is a more detailed description of our financial instruments measured at fair value and their significant inputs, as well as the general classification of such instruments pursuant to the Level 1, Level 2, and Level 3 valuation hierarchy.</us-gaap:FairValueDisclosuresTextBlock>
    <us-gaap:FairValueByBalanceSheetGroupingTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfODgyMA_16692946-5db2-4e62-8410-3ca2b4296e79">&lt;div style="text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the carrying values and estimated fair values of assets and liabilities that are required to be recorded or disclosed at fair value at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align:justify;text-indent:18pt"&gt;&lt;span&gt;&lt;br/&gt;&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.1 &#x2013; Carrying Values and Fair Values of Assets and Liabilities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:11pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:49.386%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.582%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.582%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.582%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.588%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Carrying&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Fair&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Carrying&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Fair&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Residential loans, held-for-sale at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;996,476&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;996,476&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;176,604&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;176,604&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Residential loans, held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;3,705,324&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;3,705,324&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,072,410&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,072,410&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Business purpose loans, held-for-sale&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;333,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;333,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;245,394&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;245,394&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Business purpose loans, held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;3,839,010&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;3,839,010&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;3,890,959&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;3,890,959&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Multifamily loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Real estate securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;364,320&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;364,320&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;344,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;344,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Servicer advance investments &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;206,525&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;206,525&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;231,489&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;231,489&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;MSRs &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;7,945&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;7,945&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;8,815&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;8,815&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Excess MSRs &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;32,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;32,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;34,418&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;34,418&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Shared home appreciation options&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt; (1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;45,823&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;45,823&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;42,440&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;42,440&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Cash and cash equivalents&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;426,019&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;426,019&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;461,260&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;461,260&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Restricted cash&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;95,775&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;95,775&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;83,190&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;83,190&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Derivative assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;129,924&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;129,924&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;53,238&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;53,238&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;REO &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;15,829&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;18,176&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;8,413&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;9,229&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Margin receivable&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;16,283&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;16,283&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,758&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,758&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;FHLBC stock &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Pledged collateral&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,177&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,177&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Short-term debt &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,253,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,253,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;522,609&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;522,609&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Margin payable &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;84,306&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;84,306&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Guarantee obligation &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;9,238&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;6,782&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;10,039&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;7,843&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Derivative liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;73,178&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;73,178&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;16,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;16,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;ABS issued, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;6,475,472&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;6,475,472&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;6,900,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;6,900,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Amortized cost&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;196,205&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;200,157&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;200,299&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;204,892&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;FHLBC long-term borrowings&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Other long-term debt, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;786,869&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;793,421&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;774,726&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;783,570&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Convertible notes, net &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;511,707&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;522,423&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;511,085&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;499,865&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;Trust preferred securities and subordinated notes, net &lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;138,686&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;97,650&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;138,674&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;80,910&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;These investments are included in Other investments on our consolidated balance sheets.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;These assets are included in Other assets on our consolidated balance sheets.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(3)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;These liabilities are included in Accrued expenses and other liabilities on our consolidated balance sheets.&lt;/span&gt;&lt;/div&gt;</us-gaap:FairValueByBalanceSheetGroupingTextBlock>
    <us-gaap:LoansHeldForSaleFairValueDisclosure
      contextRef="i041e9ea7d068463c8c1e73f7cda660bf_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNC0yLTEtMS0w_24dbf625-11be-47d3-bbee-4eb7f9a0426d"
      unitRef="usd">996476000</us-gaap:LoansHeldForSaleFairValueDisclosure>
    <us-gaap:LoansHeldForSaleFairValueDisclosure
      contextRef="i9bd97b11b65244059a6f3b55a1ca358c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNC00LTEtMS0w_3550506c-def0-44e8-9359-0c3e2ba22bbb"
      unitRef="usd">996476000</us-gaap:LoansHeldForSaleFairValueDisclosure>
    <us-gaap:LoansHeldForSaleFairValueDisclosure
      contextRef="i02e34abb9e114829add6054e6969e26b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNC02LTEtMS0w_af6ad0de-9394-48cd-bd31-abfde2c2a36e"
      unitRef="usd">176604000</us-gaap:LoansHeldForSaleFairValueDisclosure>
    <us-gaap:LoansHeldForSaleFairValueDisclosure
      contextRef="i2b397077c8f54ed89f1db40ecfaa407e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNC04LTEtMS0w_60e398a7-b978-4f2e-a60e-f2e7d0559fe2"
      unitRef="usd">176604000</us-gaap:LoansHeldForSaleFairValueDisclosure>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="i949270fe10a148228f53742a4a97298b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNS0yLTEtMS0w_c0ea0334-e9aa-4c1d-a1b5-4960545d6226"
      unitRef="usd">3705324000</us-gaap:LoansReceivableFairValueDisclosure>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="i82aa06b128214826a67d0fb06ae4de31_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNS00LTEtMS0w_c1b51857-dfc0-4739-976c-c4468a95cdb6"
      unitRef="usd">3705324000</us-gaap:LoansReceivableFairValueDisclosure>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="id00c5275b97f42adbcc2a6bcf7612b83_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNS02LTEtMS0w_6de94082-4fb0-46c6-943a-1399082c9c11"
      unitRef="usd">4072410000</us-gaap:LoansReceivableFairValueDisclosure>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="i1223ad98f5334f32906e8f07adad019e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNS04LTEtMS0w_e36d3647-4d5b-4286-87b6-c47c0a51b28d"
      unitRef="usd">4072410000</us-gaap:LoansReceivableFairValueDisclosure>
    <us-gaap:LoansHeldForSaleFairValueDisclosure
      contextRef="i230a890a5d7b4ca581603720777d8c0a_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNi0yLTEtMS0w_d1756dbc-1d83-434a-a6f5-014949eeaaa1"
      unitRef="usd">333110000</us-gaap:LoansHeldForSaleFairValueDisclosure>
    <us-gaap:LoansHeldForSaleFairValueDisclosure
      contextRef="i2ae7ecabcb514d6dace74a7ac6aed9c3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNi00LTEtMS0w_e9df62dd-97d7-48fc-8066-3362f95406d9"
      unitRef="usd">333110000</us-gaap:LoansHeldForSaleFairValueDisclosure>
    <us-gaap:LoansHeldForSaleFairValueDisclosure
      contextRef="i72b4da0298cc4bc1a46b72377e09b3bd_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNi02LTEtMS0w_d5a3c5be-2914-4b49-bb28-f2e27b1eae2a"
      unitRef="usd">245394000</us-gaap:LoansHeldForSaleFairValueDisclosure>
    <us-gaap:LoansHeldForSaleFairValueDisclosure
      contextRef="ica2d5fea9ccf46b397c8fc05169ff0ad_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNi04LTEtMS0w_d01827c2-e785-4657-9d9a-3dffbcb5f6b4"
      unitRef="usd">245394000</us-gaap:LoansHeldForSaleFairValueDisclosure>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="i1479ab8045e2442ea9748b283dc0efa4_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNy0yLTEtMS0w_748b850d-5ebc-45c0-9dd9-556352a04e16"
      unitRef="usd">3839010000</us-gaap:LoansReceivableFairValueDisclosure>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="iad6348d4d8234958a3aeb5907c4f6917_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNy00LTEtMS0w_169247f5-7a02-4d22-b9bf-b707f721b3ff"
      unitRef="usd">3839010000</us-gaap:LoansReceivableFairValueDisclosure>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="i5932e7f2112d4e21a49c8b5abb597740_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNy02LTEtMS0w_7382ceb8-d298-4721-a878-6781cbb2e62e"
      unitRef="usd">3890959000</us-gaap:LoansReceivableFairValueDisclosure>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="idf24d426b8d146cebc4b5130b0a7f593_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNy04LTEtMS0w_a471aa7c-a36d-456f-b1c8-49a4b2628875"
      unitRef="usd">3890959000</us-gaap:LoansReceivableFairValueDisclosure>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="i9d5da380d1e54056a07512b322b6b784_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfOC0yLTEtMS0w_81828e00-0231-4d48-8f2a-bc1f42975cdd"
      unitRef="usd">489545000</us-gaap:LoansReceivableFairValueDisclosure>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="i5c19c3eadb8a4139b4037db249b036e8_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfOC00LTEtMS0w_83e212e5-68be-4ed1-b19e-066c27973ac8"
      unitRef="usd">489545000</us-gaap:LoansReceivableFairValueDisclosure>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="i7e7d50c4585e4d7ca427199bf84f0c3f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfOC02LTEtMS0w_b880f550-9c30-4ba3-b415-4d0e33edd5b2"
      unitRef="usd">492221000</us-gaap:LoansReceivableFairValueDisclosure>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="i9cdfea28ea4b42e49bcc4730c30987af_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfOC04LTEtMS0w_e8bbb874-5921-4c3f-a3b4-df28ab4090f3"
      unitRef="usd">492221000</us-gaap:LoansReceivableFairValueDisclosure>
    <us-gaap:TradingSecurities
      contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfOS0yLTEtMS0w_6ee11c76-7970-4722-b559-ca7f18fc272c"
      unitRef="usd">364320000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfOS00LTEtMS0w_7f85cc24-3a53-4c22-8f91-9bb9d215b127"
      unitRef="usd">364320000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="ia4788508fd084524aed5c75113b8df55_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfOS02LTEtMS0w_3c245932-a491-41fb-bafa-fbec28a38940"
      unitRef="usd">344125000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i84834aa5041244b29b21277c46e0c555_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfOS04LTEtMS0w_185ab5c3-61c3-4690-97f9-99466973d990"
      unitRef="usd">344125000</us-gaap:TradingSecurities>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i4c3e34679dfc4f249d8e72e7fef3f2a9_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTEtMi0xLTEtMA_12ac2768-364f-4321-a1d8-9b823aeb2c80"
      unitRef="usd">206525000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="ie42b1d27f51e4cf8a7441fdd85b60dce_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTEtNC0xLTEtMA_1d83fbd4-0de8-4f15-bab3-2567f66d08fa"
      unitRef="usd">206525000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i6f6606514a434bd7aa2dc6a56ebe0a3b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTEtNi0xLTEtMA_eac8e5ec-a99f-4a6b-bf0f-5c3e9947bdb1"
      unitRef="usd">231489000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="ib4a6270f9d154fefbd36e6c27516feef_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTEtOC0xLTEtMA_0d2613ad-7bf8-4231-97b8-bdd25e67612e"
      unitRef="usd">231489000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i72bd2b77d7f1492fb1bed5643081bc12_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTItMi0xLTEtMA_4de74f1a-6683-4f30-953a-f2789d29a13b"
      unitRef="usd">7945000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i1465cc597cf44f53bea62569292485a4_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTItNC0xLTEtMA_962138f3-50b4-45c6-a842-b49c6024e8bd"
      unitRef="usd">7945000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i4d1d7d08bfba42b2b6cb509de53834a1_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTItNi0xLTEtMA_aceedfd8-4748-4cb1-ab22-617e8d7c4f33"
      unitRef="usd">8815000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i0ff36024ad4c49bc98783995846075c2_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTItOC0xLTEtMA_10ead186-ae04-49ee-b269-2cc72d379255"
      unitRef="usd">8815000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:OtherAssetsFairValueDisclosure
      contextRef="i9635857698014305a58fb7bcceb71131_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTQtMi0xLTEtMA_24be6958-b202-4054-944f-70fcffc097c5"
      unitRef="usd">32465000</us-gaap:OtherAssetsFairValueDisclosure>
    <us-gaap:OtherAssetsFairValueDisclosure
      contextRef="i462bb2a3143e45718e6e5281637bb0a5_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTQtNC0xLTEtMA_368f0ad2-1c36-4ecf-a1e2-0d5d29e86372"
      unitRef="usd">32465000</us-gaap:OtherAssetsFairValueDisclosure>
    <us-gaap:OtherAssetsFairValueDisclosure
      contextRef="icd8ddda4d5fe45bda71788fd4f3803f5_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTQtNi0xLTEtMA_3cd8f2dc-93c7-436c-9b70-54e496bc1edf"
      unitRef="usd">34418000</us-gaap:OtherAssetsFairValueDisclosure>
    <us-gaap:OtherAssetsFairValueDisclosure
      contextRef="i7504f6b58cb346249183ad14cfa0712d_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTQtOC0xLTEtMA_d3ac1d07-e9d9-487b-9c28-1c637247e33f"
      unitRef="usd">34418000</us-gaap:OtherAssetsFairValueDisclosure>
    <rwt:LoanHeldForInvestmentAmount
      contextRef="id0879c0f93ef4e83b115d81b0d77d91b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTUtMi0xLTEtMA_589ff5fd-3907-4712-95a9-cc1731b3ae7d"
      unitRef="usd">45823000</rwt:LoanHeldForInvestmentAmount>
    <rwt:LoanHeldForInvestmentAmount
      contextRef="ia07f1df5bc0f4a27839cfbd7a1adf298_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTUtNC0xLTEtMA_bdd80460-4eb0-4022-a288-904378ea296c"
      unitRef="usd">45823000</rwt:LoanHeldForInvestmentAmount>
    <rwt:LoanHeldForInvestmentAmount
      contextRef="ieffc59bbf2184ddd8b0bcf338cc12653_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTUtNi0xLTEtMA_bf4f09a1-9b41-4008-b2a6-24018e36b2ee"
      unitRef="usd">42440000</rwt:LoanHeldForInvestmentAmount>
    <rwt:LoanHeldForInvestmentAmount
      contextRef="ibadc65bb83ef41d9aa61687c124c0ae9_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTUtOC0xLTEtMA_97c1401e-6eda-493a-a6ab-6f68b81b11c3"
      unitRef="usd">42440000</rwt:LoanHeldForInvestmentAmount>
    <us-gaap:CashAndCashEquivalentsFairValueDisclosure
      contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTYtMi0xLTEtMA_43b1af26-f67d-4203-90b1-b56cfe85405f"
      unitRef="usd">426019000</us-gaap:CashAndCashEquivalentsFairValueDisclosure>
    <us-gaap:CashAndCashEquivalentsFairValueDisclosure
      contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTYtNC0xLTEtMA_53351aa2-2e60-4bcb-80f5-bccda4b4e117"
      unitRef="usd">426019000</us-gaap:CashAndCashEquivalentsFairValueDisclosure>
    <us-gaap:CashAndCashEquivalentsFairValueDisclosure
      contextRef="ia4788508fd084524aed5c75113b8df55_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTYtNi0xLTEtMA_c6022717-aa25-4bb5-a9b5-c16be2a39276"
      unitRef="usd">461260000</us-gaap:CashAndCashEquivalentsFairValueDisclosure>
    <us-gaap:CashAndCashEquivalentsFairValueDisclosure
      contextRef="i84834aa5041244b29b21277c46e0c555_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTYtOC0xLTEtMA_a229f058-5094-4c3e-9783-b18a559c5435"
      unitRef="usd">461260000</us-gaap:CashAndCashEquivalentsFairValueDisclosure>
    <rwt:RestrictedCashAndCashEquivalentsFairValueDisclosure
      contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTctMi0xLTEtMA_ba95ba92-6a89-41a0-8238-0c5c0cf1ee26"
      unitRef="usd">95775000</rwt:RestrictedCashAndCashEquivalentsFairValueDisclosure>
    <rwt:RestrictedCashAndCashEquivalentsFairValueDisclosure
      contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTctNC0xLTEtMA_0d1f156b-376e-4933-80f1-8bce4b6ed6de"
      unitRef="usd">95775000</rwt:RestrictedCashAndCashEquivalentsFairValueDisclosure>
    <rwt:RestrictedCashAndCashEquivalentsFairValueDisclosure
      contextRef="ia4788508fd084524aed5c75113b8df55_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTctNi0xLTEtMA_fdace1ac-8d13-4868-b340-b7229702f94e"
      unitRef="usd">83190000</rwt:RestrictedCashAndCashEquivalentsFairValueDisclosure>
    <rwt:RestrictedCashAndCashEquivalentsFairValueDisclosure
      contextRef="i84834aa5041244b29b21277c46e0c555_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTctOC0xLTEtMA_654bd66d-4c9b-4b67-aeee-1da3d95c6b4b"
      unitRef="usd">83190000</rwt:RestrictedCashAndCashEquivalentsFairValueDisclosure>
    <us-gaap:DerivativeAssets
      contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTktMi0xLTEtMA_8d46b78b-bf46-4c08-b8e5-5cc053d2fdb0"
      unitRef="usd">129924000</us-gaap:DerivativeAssets>
    <us-gaap:DerivativeAssets
      contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTktNC0xLTEtMA_d0ef4a0c-07ad-4575-9bc0-c151b2352f6d"
      unitRef="usd">129924000</us-gaap:DerivativeAssets>
    <us-gaap:DerivativeAssets
      contextRef="ia4788508fd084524aed5c75113b8df55_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTktNi0xLTEtMA_188665bb-af31-4b4b-8d43-974ea0d99e9e"
      unitRef="usd">53238000</us-gaap:DerivativeAssets>
    <us-gaap:DerivativeAssets
      contextRef="i84834aa5041244b29b21277c46e0c555_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMTktOC0xLTEtMA_1708a5f7-43cb-4171-8c65-135bac86f968"
      unitRef="usd">53238000</us-gaap:DerivativeAssets>
    <us-gaap:OtherAssetsFairValueDisclosure
      contextRef="ibe596ae102d0408eb86a8a4d3470f502_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjAtMi0xLTEtMA_4bf4184c-291a-40ab-a3d8-776e93938a69"
      unitRef="usd">15829000</us-gaap:OtherAssetsFairValueDisclosure>
    <us-gaap:OtherAssetsFairValueDisclosure
      contextRef="ieee5e8c5ac4b4b86a9b71d99acab4a0e_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjAtNC0xLTEtMA_86c45adf-0ea6-4b9e-bd74-096f752468b2"
      unitRef="usd">18176000</us-gaap:OtherAssetsFairValueDisclosure>
    <us-gaap:OtherAssetsFairValueDisclosure
      contextRef="i56a8dc5a60474b5c80200c25b4156e2b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjAtNi0xLTEtMA_d3b32a57-9858-4018-8c2a-82bf0f2bb5af"
      unitRef="usd">8413000</us-gaap:OtherAssetsFairValueDisclosure>
    <us-gaap:OtherAssetsFairValueDisclosure
      contextRef="i9ae89e26af214324a93d006c954893e4_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjAtOC0xLTEtMA_e909ba9f-2762-414c-b72a-422878024e6a"
      unitRef="usd">9229000</us-gaap:OtherAssetsFairValueDisclosure>
    <us-gaap:AccountsReceivableFairValueDisclosure
      contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjEtMi0xLTEtMA_0d953f43-7132-4081-860e-9d89c2f1cb34"
      unitRef="usd">16283000</us-gaap:AccountsReceivableFairValueDisclosure>
    <us-gaap:AccountsReceivableFairValueDisclosure
      contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjEtNC0xLTEtMA_b2d39992-3b65-435f-96bf-5c009e530b02"
      unitRef="usd">16283000</us-gaap:AccountsReceivableFairValueDisclosure>
    <us-gaap:AccountsReceivableFairValueDisclosure
      contextRef="ia4788508fd084524aed5c75113b8df55_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjEtNi0xLTEtMA_ba51e6d7-26fe-441f-92c4-af79a519fce0"
      unitRef="usd">4758000</us-gaap:AccountsReceivableFairValueDisclosure>
    <us-gaap:AccountsReceivableFairValueDisclosure
      contextRef="i84834aa5041244b29b21277c46e0c555_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjEtOC0xLTEtMA_4cac1423-b2cf-4aee-9b40-ee467308bad2"
      unitRef="usd">4758000</us-gaap:AccountsReceivableFairValueDisclosure>
    <us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure
      contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjItMi0xLTEtMA_878952e8-3b17-4801-ba69-87c0ef894c9c"
      unitRef="usd">5000000</us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure>
    <us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure
      contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjItNC0xLTEtMA_342031bb-4ec2-4bc2-986e-1064cf3dfc47"
      unitRef="usd">5000000</us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure>
    <us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure
      contextRef="ia4788508fd084524aed5c75113b8df55_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjItNi0xLTEtMA_56d47265-7a89-4824-ad32-62d154e8e9a7"
      unitRef="usd">5000000</us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure>
    <us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure
      contextRef="i84834aa5041244b29b21277c46e0c555_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjItOC0xLTEtMA_50b8c4dc-ebfa-4534-8147-b90ffbfad530"
      unitRef="usd">5000000</us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure>
    <us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
      contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjUtMi0xLTEtMA_46ae9513-43c5-4433-b931-486eadb3d968"
      unitRef="usd">0</us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue>
    <us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
      contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjUtNC0xLTEtMA_55ff694e-62a8-4e63-91c5-ba7521b6b97f"
      unitRef="usd">0</us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue>
    <us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
      contextRef="ia4788508fd084524aed5c75113b8df55_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjUtNi0xLTEtMA_874a68da-3837-4ef6-8e7d-de5ba96b22f2"
      unitRef="usd">1177000</us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue>
    <us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
      contextRef="i84834aa5041244b29b21277c46e0c555_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjUtOC0xLTEtMA_be81884f-4caf-48d6-975f-d9867643e3c7"
      unitRef="usd">1177000</us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue>
    <us-gaap:ShorttermDebtFairValue
      contextRef="ie7d450e413c64bc8a9df8156ddd71d25_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjctMi0xLTEtMA_7da80449-15ff-44a7-bea4-941e8c648aae"
      unitRef="usd">1253882000</us-gaap:ShorttermDebtFairValue>
    <us-gaap:ShorttermDebtFairValue
      contextRef="ie181e17b3df14b33901743658c654b6c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjctNC0xLTEtMA_b95e5bbd-b284-4a97-a1d1-71347e08b31b"
      unitRef="usd">1253882000</us-gaap:ShorttermDebtFairValue>
    <us-gaap:ShorttermDebtFairValue
      contextRef="i928a121113394f0e93e8e36132e7d576_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjctNi0xLTEtMA_d639f9cf-3d6c-47e8-9dbf-e4c6729addc5"
      unitRef="usd">522609000</us-gaap:ShorttermDebtFairValue>
    <us-gaap:ShorttermDebtFairValue
      contextRef="ie67b654941dd41d9b4de9fe7ad691789_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMjctOC0xLTEtMA_6339e629-d77a-4db4-a4d6-99991b3c9e9b"
      unitRef="usd">522609000</us-gaap:ShorttermDebtFairValue>
    <rwt:MarginPayableFairValueDisclosure
      contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzAtMi0xLTEtMA_d12bfaad-c044-4b86-9051-dbbd2caad3d5"
      unitRef="usd">84306000</rwt:MarginPayableFairValueDisclosure>
    <rwt:MarginPayableFairValueDisclosure
      contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzAtNC0xLTEtMA_af7a995b-a2f5-41b0-a07d-af9702ceae05"
      unitRef="usd">84306000</rwt:MarginPayableFairValueDisclosure>
    <rwt:MarginPayableFairValueDisclosure
      contextRef="ia4788508fd084524aed5c75113b8df55_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzAtNi0xLTEtMA_6f0a9012-9535-4ed8-99c4-72657a198a32"
      unitRef="usd">0</rwt:MarginPayableFairValueDisclosure>
    <rwt:MarginPayableFairValueDisclosure
      contextRef="i84834aa5041244b29b21277c46e0c555_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzAtOC0xLTEtMA_d7a77c04-3cf4-4dcf-8609-18c171ecab81"
      unitRef="usd">0</rwt:MarginPayableFairValueDisclosure>
    <us-gaap:GuaranteesFairValueDisclosure
      contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzEtMi0xLTEtMA_ed7f39e9-3b4a-456a-b482-711fa1a405f7"
      unitRef="usd">9238000</us-gaap:GuaranteesFairValueDisclosure>
    <us-gaap:GuaranteesFairValueDisclosure
      contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzEtNC0xLTEtMA_45111b31-966e-43d2-bcce-379c70376541"
      unitRef="usd">6782000</us-gaap:GuaranteesFairValueDisclosure>
    <us-gaap:GuaranteesFairValueDisclosure
      contextRef="ia4788508fd084524aed5c75113b8df55_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzEtNi0xLTEtMA_3134ef59-990f-4411-abf0-02e05a810adf"
      unitRef="usd">10039000</us-gaap:GuaranteesFairValueDisclosure>
    <us-gaap:GuaranteesFairValueDisclosure
      contextRef="i84834aa5041244b29b21277c46e0c555_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzEtOC0xLTEtMA_02d010fe-5b8f-4aab-a7bc-a5277f8aa03f"
      unitRef="usd">7843000</us-gaap:GuaranteesFairValueDisclosure>
    <us-gaap:DerivativeLiabilities
      contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzMtMi0xLTEtMA_20e54ee3-6d2d-4790-9a1e-50329754c6fd"
      unitRef="usd">73178000</us-gaap:DerivativeLiabilities>
    <us-gaap:DerivativeLiabilities
      contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzMtNC0xLTEtMA_49a6b74e-cf57-4bf1-bdf8-e85448acdcd6"
      unitRef="usd">73178000</us-gaap:DerivativeLiabilities>
    <us-gaap:DerivativeLiabilities
      contextRef="ia4788508fd084524aed5c75113b8df55_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzMtNi0xLTEtMA_445735e8-b645-4eee-9ce8-f6dffb8cdf71"
      unitRef="usd">16072000</us-gaap:DerivativeLiabilities>
    <us-gaap:DerivativeLiabilities
      contextRef="i84834aa5041244b29b21277c46e0c555_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzMtOC0xLTEtMA_cd015afb-95db-49d7-8db4-e4e0cef56be6"
      unitRef="usd">16072000</us-gaap:DerivativeLiabilities>
    <us-gaap:DebtInstrumentFairValue
      contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzUtMi0xLTEtMA_3d17b02c-1ba0-4134-ae31-1b90a257b1c1"
      unitRef="usd">6475472000</us-gaap:DebtInstrumentFairValue>
    <us-gaap:DebtInstrumentFairValue
      contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzUtNC0xLTEtMA_75b6004d-9ba4-405e-8daa-1efccb13f84d"
      unitRef="usd">6475472000</us-gaap:DebtInstrumentFairValue>
    <us-gaap:DebtInstrumentFairValue
      contextRef="ia4788508fd084524aed5c75113b8df55_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzUtNi0xLTEtMA_467f6ebc-88a4-4992-92ec-1da71bbe504b"
      unitRef="usd">6900362000</us-gaap:DebtInstrumentFairValue>
    <us-gaap:DebtInstrumentFairValue
      contextRef="i84834aa5041244b29b21277c46e0c555_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzUtOC0xLTEtMA_e2996747-26f6-4438-9de7-5fd8c43aeca9"
      unitRef="usd">6900362000</us-gaap:DebtInstrumentFairValue>
    <rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost
      contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzYtMi0xLTEtMA_8bedff2d-565b-4396-bb60-57da3fef2c79"
      unitRef="usd">196205000</rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost>
    <rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost
      contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzYtNC0xLTEtMA_fcd20f60-d083-452e-8009-ead387327d5d"
      unitRef="usd">200157000</rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost>
    <rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost
      contextRef="ia4788508fd084524aed5c75113b8df55_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzYtNi0xLTEtMA_c943e8b9-7f6c-4d11-a077-0eabede0131f"
      unitRef="usd">200299000</rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost>
    <rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost
      contextRef="i84834aa5041244b29b21277c46e0c555_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzYtOC0xLTEtMA_4b6453c1-26ba-4ff7-a91c-57532ea5381c"
      unitRef="usd">204892000</rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost>
    <us-gaap:FederalHomeLoanBankBorrowingsFairValueDisclosure
      contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzctMi0xLTEtMA_4215578d-c27d-4d38-8341-1d5d325ec304"
      unitRef="usd">1000000</us-gaap:FederalHomeLoanBankBorrowingsFairValueDisclosure>
    <us-gaap:FederalHomeLoanBankBorrowingsFairValueDisclosure
      contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzctNC0xLTEtMA_45992cfc-02af-4dfa-84f3-4cce31ebbf50"
      unitRef="usd">1000000</us-gaap:FederalHomeLoanBankBorrowingsFairValueDisclosure>
    <us-gaap:FederalHomeLoanBankBorrowingsFairValueDisclosure
      contextRef="ia4788508fd084524aed5c75113b8df55_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzctNi0xLTEtMA_40315a88-c5b6-4708-9f8e-2109a011c96d"
      unitRef="usd">1000000</us-gaap:FederalHomeLoanBankBorrowingsFairValueDisclosure>
    <us-gaap:FederalHomeLoanBankBorrowingsFairValueDisclosure
      contextRef="i84834aa5041244b29b21277c46e0c555_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzctOC0xLTEtMA_45a638f2-ffbf-4d9e-b44d-b571816447b9"
      unitRef="usd">1000000</us-gaap:FederalHomeLoanBankBorrowingsFairValueDisclosure>
    <us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
      contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzgtMi0xLTEtMA_8e4e5bb4-51ad-46d3-8d7a-08e65a905241"
      unitRef="usd">786869000</us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations>
    <us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
      contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzgtNC0xLTEtMA_fcc62376-d970-4fad-bf14-d55aea65ced1"
      unitRef="usd">793421000</us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations>
    <us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
      contextRef="ia4788508fd084524aed5c75113b8df55_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzgtNi0xLTEtMA_b1b2969e-14b7-4b66-84e2-7217c1bc13ce"
      unitRef="usd">774726000</us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations>
    <us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
      contextRef="i84834aa5041244b29b21277c46e0c555_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzgtOC0xLTEtMA_34645ba1-47bd-4b53-ae78-d07928521cc4"
      unitRef="usd">783570000</us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations>
    <us-gaap:ConvertibleDebtFairValueDisclosures
      contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzktMi0xLTEtMA_4eb400db-141b-4fae-bfdf-a1a986357430"
      unitRef="usd">511707000</us-gaap:ConvertibleDebtFairValueDisclosures>
    <us-gaap:ConvertibleDebtFairValueDisclosures
      contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzktNC0xLTEtMA_053d7f7f-3228-4f68-b7fe-2129b352e763"
      unitRef="usd">522423000</us-gaap:ConvertibleDebtFairValueDisclosures>
    <us-gaap:ConvertibleDebtFairValueDisclosures
      contextRef="ia4788508fd084524aed5c75113b8df55_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzktNi0xLTEtMA_791e43d1-7bfe-4d7e-ae2f-3c509033f5c7"
      unitRef="usd">511085000</us-gaap:ConvertibleDebtFairValueDisclosures>
    <us-gaap:ConvertibleDebtFairValueDisclosures
      contextRef="i84834aa5041244b29b21277c46e0c555_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfMzktOC0xLTEtMA_77bab9f1-5663-4647-b568-e2569e5599ff"
      unitRef="usd">499865000</us-gaap:ConvertibleDebtFairValueDisclosures>
    <rwt:TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure
      contextRef="i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNDAtMi0xLTEtMA_d1e80cc7-a4d4-467a-b4c3-da1e9be6b77a"
      unitRef="usd">138686000</rwt:TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure>
    <rwt:TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure
      contextRef="if35c0380fc1c435b901c6cb5d2249a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNDAtNC0xLTEtMA_1c0df2f7-54c6-4937-ba6b-a27ba8aa2ddd"
      unitRef="usd">97650000</rwt:TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure>
    <rwt:TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure
      contextRef="ia4788508fd084524aed5c75113b8df55_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNDAtNi0xLTEtMA_45e2a05b-0b34-4da2-8dd2-f056ded6eca4"
      unitRef="usd">138674000</rwt:TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure>
    <rwt:TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure
      contextRef="i84834aa5041244b29b21277c46e0c555_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjAzOTFhYTNkN2MzODQzNTA5N2U0MWZlYTgwNzczMmU3L3RhYmxlcmFuZ2U6MDM5MWFhM2Q3YzM4NDM1MDk3ZTQxZmVhODA3NzMyZTdfNDAtOC0xLTEtMA_66717afb-937f-4ab4-afbe-64af843dcfa7"
      unitRef="usd">80910000</rwt:TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure>
    <rwt:FairValueOptionAssetsAggregateCarryingAmountDuringPeriod
      contextRef="id1789aae18fb409e82890e3909458dd7_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfMTk3Nw_139f2596-74ff-4e8b-99d5-6920130872ee"
      unitRef="usd">22000000</rwt:FairValueOptionAssetsAggregateCarryingAmountDuringPeriod>
    <rwt:FairValueOptionAssetsAggregateCarryingAmountDuringPeriod
      contextRef="i4904322d8b464d11a931f6bd09c1cb97_D20210101-20210331"
      decimals="-7"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfMjAxNg_d7eda674-9dff-4b76-90e3-fbfcfe442cf3"
      unitRef="usd">3100000000</rwt:FairValueOptionAssetsAggregateCarryingAmountDuringPeriod>
    <rwt:FairValueOptionAssetsAggregateCarryingAmountDuringPeriod
      contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfMjA4Mg_fde68f93-0bff-426a-8b3d-666bdac20c1f"
      unitRef="usd">386000000</rwt:FairValueOptionAssetsAggregateCarryingAmountDuringPeriod>
    <us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfODg2MQ_4d325730-b6d3-4ce3-966f-6f77764088d9">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the assets and liabilities that are reported at fair value on our consolidated balance sheets on a recurring basis at March&#160;31, 2021 and December&#160;31, 2020, as well as the fair value hierarchy of the valuation inputs used to measure fair value.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.2 &#x2013; Assets and Liabilities Measured at Fair Value on a Recurring Basis &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:47.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.987%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Carrying&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair Value Measurements Using&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 1&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 2&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 3&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,701,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,701,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Business purpose loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,172,120&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,172,120&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Multifamily loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real estate securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;364,320&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;364,320&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Servicer advance investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;206,525&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;206,525&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,945&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,945&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Excess MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Shared home appreciation options&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,823&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,823&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Derivative assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;129,924&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;87,960&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,164&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;FHLBC stock&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Derivative liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;73,178&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;35,106&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;ABS issued&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,475,472&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,475,472&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:47.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.987%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Carrying&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair Value Measurements Using&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 1&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 2&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 3&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,249,014&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,249,014&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Business purpose loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,136,353&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,136,353&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Multifamily loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real estate securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;344,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;344,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Servicer advance investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;231,489&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;231,489&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,815&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,815&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Excess MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;34,418&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;34,418&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Shared home appreciation options&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;42,440&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;42,440&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Derivative assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;53,238&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,260&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19,951&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,027&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Pledged collateral&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,177&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,177&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;FHLBC stock&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Derivative liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,495&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;577&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;ABS issued&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,900,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,900,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock>
    <us-gaap:ReceivablesFairValueDisclosure
      contextRef="i9f6277c46f524816a6e1c228e3069a7e_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMy0yLTEtMS0w_dba099f8-a50e-42f5-a6b9-63f1a069a927"
      unitRef="usd">4701800000</us-gaap:ReceivablesFairValueDisclosure>
    <us-gaap:ReceivablesFairValueDisclosure
      contextRef="i75f22a81a7024897ac2f5ec6fc48caa1_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMy00LTEtMS0w_ecf930a9-63a5-43a9-85d8-5cda51b9fcc9"
      unitRef="usd">0</us-gaap:ReceivablesFairValueDisclosure>
    <us-gaap:ReceivablesFairValueDisclosure
      contextRef="ie493c02de1c342c885b72f000dff7bed_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMy02LTEtMS0w_ec9dd99d-2994-433d-a8f3-5313f3dc681a"
      unitRef="usd">0</us-gaap:ReceivablesFairValueDisclosure>
    <us-gaap:ReceivablesFairValueDisclosure
      contextRef="ib56f386c27ce4b5193c79f38e01a8e2c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMy04LTEtMS0w_675000ac-67e5-4721-aec3-6a1208ec811a"
      unitRef="usd">4701800000</us-gaap:ReceivablesFairValueDisclosure>
    <rwt:BusinessPurposeLoansFairValueDisclosure
      contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNC0yLTEtMS0w_870c8090-cd4d-419f-9cbb-2bced31db0ea"
      unitRef="usd">4172120000</rwt:BusinessPurposeLoansFairValueDisclosure>
    <rwt:BusinessPurposeLoansFairValueDisclosure
      contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNC00LTEtMS0w_dd951031-a2d1-4b52-9323-836ffafa4a98"
      unitRef="usd">0</rwt:BusinessPurposeLoansFairValueDisclosure>
    <rwt:BusinessPurposeLoansFairValueDisclosure
      contextRef="i44e9671b38764d829529e1987839809a_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNC02LTEtMS0w_2783f8f1-9a26-40b0-b145-b98ff13f341b"
      unitRef="usd">0</rwt:BusinessPurposeLoansFairValueDisclosure>
    <rwt:BusinessPurposeLoansFairValueDisclosure
      contextRef="i1348161961b043c0b7c66de76a35f004_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNC04LTEtMS0w_a9681447-1b9d-4ffc-9bcc-f56863bb04c3"
      unitRef="usd">4172120000</rwt:BusinessPurposeLoansFairValueDisclosure>
    <rwt:MultifamilyLoansFairValueDisclosure
      contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNS0yLTEtMS0w_c507a497-36dd-444a-8635-7fc64b72f2ca"
      unitRef="usd">489545000</rwt:MultifamilyLoansFairValueDisclosure>
    <rwt:MultifamilyLoansFairValueDisclosure
      contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNS00LTEtMS0w_fbfbd2ea-7cdb-492e-a949-0442f47ce705"
      unitRef="usd">0</rwt:MultifamilyLoansFairValueDisclosure>
    <rwt:MultifamilyLoansFairValueDisclosure
      contextRef="i44e9671b38764d829529e1987839809a_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNS02LTEtMS0w_013978c9-376b-4048-ba8b-96f274e99a72"
      unitRef="usd">0</rwt:MultifamilyLoansFairValueDisclosure>
    <rwt:MultifamilyLoansFairValueDisclosure
      contextRef="i1348161961b043c0b7c66de76a35f004_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNS04LTEtMS0w_a6f93e72-3515-4f01-abca-78dfde257ec3"
      unitRef="usd">489545000</rwt:MultifamilyLoansFairValueDisclosure>
    <us-gaap:TradingSecurities
      contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNi0yLTEtMS0w_e9ae5ccf-1fe4-4ccb-a79e-8c054e0e9af2"
      unitRef="usd">364320000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNi00LTEtMS0w_ba879581-d695-4f69-b40f-ed8259f600ec"
      unitRef="usd">0</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i44e9671b38764d829529e1987839809a_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNi02LTEtMS0w_15e47c9f-1731-403a-977f-90412624b2ba"
      unitRef="usd">0</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i1348161961b043c0b7c66de76a35f004_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfNi04LTEtMS0w_9a7580b3-12b5-4009-9b5e-36f65d04e26d"
      unitRef="usd">364320000</us-gaap:TradingSecurities>
    <rwt:ServicerAdvanceInvestments
      contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfOC0yLTEtMS0w_51c58bfa-ad84-4cbb-8131-a5cb26949628"
      unitRef="usd">206525000</rwt:ServicerAdvanceInvestments>
    <rwt:ServicerAdvanceInvestments
      contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfOC00LTEtMS0w_b3b37ad8-1d63-4c52-9c85-c6445a726ee3"
      unitRef="usd">0</rwt:ServicerAdvanceInvestments>
    <rwt:ServicerAdvanceInvestments
      contextRef="i44e9671b38764d829529e1987839809a_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfOC02LTEtMS0w_de46b197-a158-4c0c-8084-ddb8f7607071"
      unitRef="usd">0</rwt:ServicerAdvanceInvestments>
    <rwt:ServicerAdvanceInvestments
      contextRef="i1348161961b043c0b7c66de76a35f004_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfOC04LTEtMS0w_2f97d3df-8036-4489-8c2c-5f3f9e832d9b"
      unitRef="usd">206525000</rwt:ServicerAdvanceInvestments>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfOS0yLTEtMS0w_a07e9e81-d68e-4e85-b971-c15cf7072ea1"
      unitRef="usd">7945000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfOS00LTEtMS0w_0aab1ae9-9007-47be-9e69-4ba930765a79"
      unitRef="usd">0</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i44e9671b38764d829529e1987839809a_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfOS02LTEtMS0w_d0ae514b-39ce-4c74-8613-5a9c7f6fcc38"
      unitRef="usd">0</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i1348161961b043c0b7c66de76a35f004_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfOS04LTEtMS0w_8ef49676-d25e-4288-b6b5-8510391bc52c"
      unitRef="usd">7945000</us-gaap:ServicingAssetAtFairValueAmount>
    <rwt:ExcessMortgageServicingRightsIOs
      contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTAtMi0xLTEtMA_1f5403ba-854a-4429-892d-02231d17d101"
      unitRef="usd">32465000</rwt:ExcessMortgageServicingRightsIOs>
    <rwt:ExcessMortgageServicingRightsIOs
      contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTAtNC0xLTEtMA_fd38072c-4dec-41bf-ab9a-afaaee644567"
      unitRef="usd">0</rwt:ExcessMortgageServicingRightsIOs>
    <rwt:ExcessMortgageServicingRightsIOs
      contextRef="i44e9671b38764d829529e1987839809a_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTAtNi0xLTEtMA_c64775ac-69e3-47e6-816e-657ba19ee93a"
      unitRef="usd">0</rwt:ExcessMortgageServicingRightsIOs>
    <rwt:ExcessMortgageServicingRightsIOs
      contextRef="i1348161961b043c0b7c66de76a35f004_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTAtOC0xLTEtMA_70695317-529f-4a2b-890b-5ff88665d1a4"
      unitRef="usd">32465000</rwt:ExcessMortgageServicingRightsIOs>
    <rwt:HomeAppreciationOptionsFairvalueDisclosure
      contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTEtMi0xLTEtMA_4cc0dea3-0055-490f-b94e-af7b9b0e196c"
      unitRef="usd">45823000</rwt:HomeAppreciationOptionsFairvalueDisclosure>
    <rwt:HomeAppreciationOptionsFairvalueDisclosure
      contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTEtNC0xLTEtMA_0275253b-3499-4d2b-b7bd-015aecbdbf3e"
      unitRef="usd">0</rwt:HomeAppreciationOptionsFairvalueDisclosure>
    <rwt:HomeAppreciationOptionsFairvalueDisclosure
      contextRef="i44e9671b38764d829529e1987839809a_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTEtNi0xLTEtMA_eef0e1e9-cda1-46ae-98a7-8536fbd1a3fc"
      unitRef="usd">0</rwt:HomeAppreciationOptionsFairvalueDisclosure>
    <rwt:HomeAppreciationOptionsFairvalueDisclosure
      contextRef="i1348161961b043c0b7c66de76a35f004_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTEtOC0xLTEtMA_8200188c-761f-4869-82ef-2dd9ef7296af"
      unitRef="usd">45823000</rwt:HomeAppreciationOptionsFairvalueDisclosure>
    <us-gaap:DerivativeAssets
      contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTItMi0xLTEtMA_f723593e-7f89-4d64-93c9-dc88212667a4"
      unitRef="usd">129924000</us-gaap:DerivativeAssets>
    <us-gaap:DerivativeAssets
      contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTItNC0xLTEtMA_ed112a63-975d-400e-b397-8df77a8f15b5"
      unitRef="usd">40800000</us-gaap:DerivativeAssets>
    <us-gaap:DerivativeAssets
      contextRef="i44e9671b38764d829529e1987839809a_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTItNi0xLTEtMA_0bdc8075-17dd-42c1-96c5-b142e7ee2d86"
      unitRef="usd">87960000</us-gaap:DerivativeAssets>
    <us-gaap:DerivativeAssets
      contextRef="i1348161961b043c0b7c66de76a35f004_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTItOC0xLTEtMA_2a87d5a6-f0ce-4a67-8462-0026024345ab"
      unitRef="usd">1164000</us-gaap:DerivativeAssets>
    <us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure
      contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTQtMi0xLTEtMA_20290e5f-4999-4496-97d2-4c8b7727aec8"
      unitRef="usd">5000000</us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure>
    <us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure
      contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTQtNC0xLTEtMA_2a72a767-c42a-4a61-83ea-117f725e5eee"
      unitRef="usd">0</us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure>
    <us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure
      contextRef="i44e9671b38764d829529e1987839809a_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTQtNi0xLTEtMA_4183e637-08de-45f2-b5b1-807b8b6b2550"
      unitRef="usd">5000000</us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure>
    <us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure
      contextRef="i1348161961b043c0b7c66de76a35f004_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTQtOC0xLTEtMA_9e5095cf-e67f-4036-887a-6ff67165d347"
      unitRef="usd">0</us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure>
    <us-gaap:DerivativeLiabilities
      contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTktMi0xLTEtMA_ba94d30c-4391-4301-aec9-6139426be4a9"
      unitRef="usd">73178000</us-gaap:DerivativeLiabilities>
    <us-gaap:DerivativeLiabilities
      contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTktNC0xLTEtMA_2a368c25-d5b5-4d86-b0b3-639f33abf3b8"
      unitRef="usd">38072000</us-gaap:DerivativeLiabilities>
    <us-gaap:DerivativeLiabilities
      contextRef="i44e9671b38764d829529e1987839809a_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTktNi0xLTEtMA_60952c2d-2143-4fe2-adc2-35cd4fafa45f"
      unitRef="usd">0</us-gaap:DerivativeLiabilities>
    <us-gaap:DerivativeLiabilities
      contextRef="i1348161961b043c0b7c66de76a35f004_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMTktOC0xLTEtMA_daf2bd11-10fb-4586-bf65-8d429471e0d1"
      unitRef="usd">35106000</us-gaap:DerivativeLiabilities>
    <us-gaap:DebtInstrumentFairValue
      contextRef="i7540b917544b47c6a0de554f00aaeca3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMjEtMi0xLTEtMA_2d6b77ee-0b2d-4fcc-a0c9-76880ea17b50"
      unitRef="usd">6475472000</us-gaap:DebtInstrumentFairValue>
    <us-gaap:DebtInstrumentFairValue
      contextRef="ice0dd51f9b04491f8d2cf7c2345cd463_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMjEtNC0xLTEtMA_d894f009-e7bd-476d-8d2c-d09d59e056a0"
      unitRef="usd">0</us-gaap:DebtInstrumentFairValue>
    <us-gaap:DebtInstrumentFairValue
      contextRef="i44e9671b38764d829529e1987839809a_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMjEtNi0xLTEtMA_469cfd70-8ff1-417a-95fd-3fed75391f56"
      unitRef="usd">0</us-gaap:DebtInstrumentFairValue>
    <us-gaap:DebtInstrumentFairValue
      contextRef="i1348161961b043c0b7c66de76a35f004_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOmMzNGE4M2E0YTYxMjQ5OTQ4Y2VkNzQyMjA3NzRhZTQ2L3RhYmxlcmFuZ2U6YzM0YTgzYTRhNjEyNDk5NDhjZWQ3NDIyMDc3NGFlNDZfMjEtOC0xLTEtMA_60bd1523-17ef-4c72-be67-387a75acd36c"
      unitRef="usd">6475472000</us-gaap:DebtInstrumentFairValue>
    <us-gaap:ReceivablesFairValueDisclosure
      contextRef="i09c3af6cf03044b49ebd86c20d0e7ded_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMy0yLTEtMS0w_8a021a44-557d-4712-8db8-c4425111958c"
      unitRef="usd">4249014000</us-gaap:ReceivablesFairValueDisclosure>
    <us-gaap:ReceivablesFairValueDisclosure
      contextRef="i1fb2986eeca146b28d8ada75c1e5d20a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMy00LTEtMS0w_f7956256-787c-4b42-94ab-436fe8e8a717"
      unitRef="usd">0</us-gaap:ReceivablesFairValueDisclosure>
    <us-gaap:ReceivablesFairValueDisclosure
      contextRef="ic5bc5d552f1f4c19a30b8799b579c83b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMy02LTEtMS0w_5c7cf637-3c84-46e4-ab09-c3599459a189"
      unitRef="usd">0</us-gaap:ReceivablesFairValueDisclosure>
    <us-gaap:ReceivablesFairValueDisclosure
      contextRef="i5eaa6e4405e64b0cbe28447cd330f4da_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMy04LTEtMS0w_3fc5735d-8814-4ceb-bb02-4a6174032ee7"
      unitRef="usd">4249014000</us-gaap:ReceivablesFairValueDisclosure>
    <rwt:BusinessPurposeLoansFairValueDisclosure
      contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNC0yLTEtMS0w_8ec0c657-154b-4098-917b-a8671d3f41ca"
      unitRef="usd">4136353000</rwt:BusinessPurposeLoansFairValueDisclosure>
    <rwt:BusinessPurposeLoansFairValueDisclosure
      contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNC00LTEtMS0w_cd4e9e91-14a0-42b2-80c5-882292012e61"
      unitRef="usd">0</rwt:BusinessPurposeLoansFairValueDisclosure>
    <rwt:BusinessPurposeLoansFairValueDisclosure
      contextRef="ia05690965f42466f900469e237c2c14e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNC02LTEtMS0w_98e47c6f-106b-4ffa-aa5f-d4963e0762b0"
      unitRef="usd">0</rwt:BusinessPurposeLoansFairValueDisclosure>
    <rwt:BusinessPurposeLoansFairValueDisclosure
      contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNC04LTEtMS0w_dc1e7bb7-3252-4e2f-8284-bd556f207acc"
      unitRef="usd">4136353000</rwt:BusinessPurposeLoansFairValueDisclosure>
    <rwt:MultifamilyLoansFairValueDisclosure
      contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNS0yLTEtMS0w_67ebc76d-ee2d-466f-a599-a99e49a2f0d4"
      unitRef="usd">492221000</rwt:MultifamilyLoansFairValueDisclosure>
    <rwt:MultifamilyLoansFairValueDisclosure
      contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNS00LTEtMS0w_4bb79bc9-f064-4790-a0fc-9a90eaf1fd32"
      unitRef="usd">0</rwt:MultifamilyLoansFairValueDisclosure>
    <rwt:MultifamilyLoansFairValueDisclosure
      contextRef="ia05690965f42466f900469e237c2c14e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNS02LTEtMS0w_8debed5d-4bef-4c1d-8257-5ab6419a8a01"
      unitRef="usd">0</rwt:MultifamilyLoansFairValueDisclosure>
    <rwt:MultifamilyLoansFairValueDisclosure
      contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNS04LTEtMS0w_d5c45da4-6c85-4ea8-a261-07a8e43fc9b1"
      unitRef="usd">492221000</rwt:MultifamilyLoansFairValueDisclosure>
    <us-gaap:TradingSecurities
      contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNi0yLTEtMS0w_869a0c14-2505-4d32-b353-5b8c358eafae"
      unitRef="usd">344125000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNi00LTEtMS0w_fa07a8ee-67f7-4683-aaee-f73f9292fe35"
      unitRef="usd">0</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="ia05690965f42466f900469e237c2c14e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNi02LTEtMS0w_7f781206-86a6-4d6d-b009-247a3996dbb9"
      unitRef="usd">0</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfNi04LTEtMS0w_28d71ea9-bd51-4e1a-aea3-0c0244b218fd"
      unitRef="usd">344125000</us-gaap:TradingSecurities>
    <rwt:ServicerAdvanceInvestments
      contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfOC0yLTEtMS0w_9fa35c6b-c57f-4313-a689-bccea3dc0cbd"
      unitRef="usd">231489000</rwt:ServicerAdvanceInvestments>
    <rwt:ServicerAdvanceInvestments
      contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfOC00LTEtMS0w_361afbc2-d5bf-47a1-ae78-2aebad553861"
      unitRef="usd">0</rwt:ServicerAdvanceInvestments>
    <rwt:ServicerAdvanceInvestments
      contextRef="ia05690965f42466f900469e237c2c14e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfOC02LTEtMS0w_5eb22467-c0bc-4c6e-8549-10777fb5e5bc"
      unitRef="usd">0</rwt:ServicerAdvanceInvestments>
    <rwt:ServicerAdvanceInvestments
      contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfOC04LTEtMS0w_58e4b818-ed50-47f2-9d22-2cbb064f9a9c"
      unitRef="usd">231489000</rwt:ServicerAdvanceInvestments>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfOS0yLTEtMS0w_88b0fe75-1d4f-4d74-8a5f-aeef45bb7d20"
      unitRef="usd">8815000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfOS00LTEtMS0w_055043eb-4051-4c34-b5d4-19c161b6cb31"
      unitRef="usd">0</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="ia05690965f42466f900469e237c2c14e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfOS02LTEtMS0w_95382a83-9f8b-49ac-8e90-a7cb23fc87e6"
      unitRef="usd">0</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfOS04LTEtMS0w_54e0e9ac-88d9-4c6f-818b-770f067f5d54"
      unitRef="usd">8815000</us-gaap:ServicingAssetAtFairValueAmount>
    <rwt:ExcessMortgageServicingRightsIOs
      contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTAtMi0xLTEtMA_d67a28e3-c08a-4140-b413-547eb126972a"
      unitRef="usd">34418000</rwt:ExcessMortgageServicingRightsIOs>
    <rwt:ExcessMortgageServicingRightsIOs
      contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTAtNC0xLTEtMA_5f64a497-a3d7-404d-812e-f110d3cf692b"
      unitRef="usd">0</rwt:ExcessMortgageServicingRightsIOs>
    <rwt:ExcessMortgageServicingRightsIOs
      contextRef="ia05690965f42466f900469e237c2c14e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTAtNi0xLTEtMA_24ccdb92-2881-4ac4-a0ca-012158be1cfe"
      unitRef="usd">0</rwt:ExcessMortgageServicingRightsIOs>
    <rwt:ExcessMortgageServicingRightsIOs
      contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTAtOC0xLTEtMA_a44984c7-409e-451f-8b16-e63e44dcbe93"
      unitRef="usd">34418000</rwt:ExcessMortgageServicingRightsIOs>
    <rwt:HomeAppreciationOptionsFairvalueDisclosure
      contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTEtMi0xLTEtMA_40107a50-76cd-4cd8-b2c3-b93a767d96cf"
      unitRef="usd">42440000</rwt:HomeAppreciationOptionsFairvalueDisclosure>
    <rwt:HomeAppreciationOptionsFairvalueDisclosure
      contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTEtNC0xLTEtMA_6d60d1b5-0d00-4283-afb1-262966d3b12c"
      unitRef="usd">0</rwt:HomeAppreciationOptionsFairvalueDisclosure>
    <rwt:HomeAppreciationOptionsFairvalueDisclosure
      contextRef="ia05690965f42466f900469e237c2c14e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTEtNi0xLTEtMA_14477005-5956-46a0-a162-72facb17e07d"
      unitRef="usd">0</rwt:HomeAppreciationOptionsFairvalueDisclosure>
    <rwt:HomeAppreciationOptionsFairvalueDisclosure
      contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTEtOC0xLTEtMA_b23a55c6-093a-41aa-81ca-979011b0083a"
      unitRef="usd">42440000</rwt:HomeAppreciationOptionsFairvalueDisclosure>
    <us-gaap:DerivativeAssets
      contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTItMi0xLTEtMA_372b088a-aee7-4204-b8f5-ec5fd299375e"
      unitRef="usd">53238000</us-gaap:DerivativeAssets>
    <us-gaap:DerivativeAssets
      contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTItNC0xLTEtMA_138a8587-50de-47f3-95ef-65b6b8ef7c06"
      unitRef="usd">18260000</us-gaap:DerivativeAssets>
    <us-gaap:DerivativeAssets
      contextRef="ia05690965f42466f900469e237c2c14e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTItNi0xLTEtMA_cb21b146-afc0-46c9-b6e3-fc7a5435d506"
      unitRef="usd">19951000</us-gaap:DerivativeAssets>
    <us-gaap:DerivativeAssets
      contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTItOC0xLTEtMA_22ddc429-ac03-41ba-9b18-2b2773cb2fb2"
      unitRef="usd">15027000</us-gaap:DerivativeAssets>
    <us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
      contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTMtMi0xLTEtMA_66d6a373-62a8-4064-a865-05946b56faa4"
      unitRef="usd">1177000</us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue>
    <us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
      contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTMtNC0xLTEtMA_71661f7f-598b-4a0e-921e-0e88c03365a1"
      unitRef="usd">1177000</us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue>
    <us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
      contextRef="ia05690965f42466f900469e237c2c14e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTMtNi0xLTEtMA_02c397d5-ea92-4d9e-84ea-fe00685c728d"
      unitRef="usd">0</us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue>
    <us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
      contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTMtOC0xLTEtMA_6edbb98b-9f12-4e15-85fe-9020a43cb374"
      unitRef="usd">0</us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue>
    <us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure
      contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTQtMi0xLTEtMA_c9af8f9b-dd29-4ef5-bd52-c95634ff8451"
      unitRef="usd">5000000</us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure>
    <us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure
      contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTQtNC0xLTEtMA_19c5846c-a571-45a0-979c-b5ae1865237a"
      unitRef="usd">0</us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure>
    <us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure
      contextRef="ia05690965f42466f900469e237c2c14e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTQtNi0xLTEtMA_24ea0a26-a41d-4dce-ad91-02277df1ebf0"
      unitRef="usd">5000000</us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure>
    <us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure
      contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTQtOC0xLTEtMA_6cf2a04e-ac3f-4900-aeb8-88749bcccc5d"
      unitRef="usd">0</us-gaap:InvestmentInFederalHomeLoanBankStockFairValueDisclosure>
    <us-gaap:DerivativeLiabilities
      contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTktMi0xLTEtMA_afb00012-359c-4e34-8b7d-53eb6d729c31"
      unitRef="usd">16072000</us-gaap:DerivativeLiabilities>
    <us-gaap:DerivativeLiabilities
      contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTktNC0xLTEtMA_ce6ef7eb-87a4-4652-b9e2-fef931ed63ad"
      unitRef="usd">15495000</us-gaap:DerivativeLiabilities>
    <us-gaap:DerivativeLiabilities
      contextRef="ia05690965f42466f900469e237c2c14e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTktNi0xLTEtMA_32a5bd87-ef62-467f-bf40-bac94a40b4b8"
      unitRef="usd">0</us-gaap:DerivativeLiabilities>
    <us-gaap:DerivativeLiabilities
      contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMTktOC0xLTEtMA_10273abb-27a5-43f9-be91-92d54a70f033"
      unitRef="usd">577000</us-gaap:DerivativeLiabilities>
    <us-gaap:DebtInstrumentFairValue
      contextRef="i3e4267c598b946e78a7ad0d3db44a168_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMjEtMi0xLTEtMA_bbddc35b-a758-4207-a4a3-a41fbce414ac"
      unitRef="usd">6900362000</us-gaap:DebtInstrumentFairValue>
    <us-gaap:DebtInstrumentFairValue
      contextRef="i9344198c95ed4caaabe5cae57c87d1c8_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMjEtNC0xLTEtMA_fc5eb015-d231-418b-8d3c-254ee841b30e"
      unitRef="usd">0</us-gaap:DebtInstrumentFairValue>
    <us-gaap:DebtInstrumentFairValue
      contextRef="ia05690965f42466f900469e237c2c14e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMjEtNi0xLTEtMA_2355280c-f414-43e3-9f54-6d981d385624"
      unitRef="usd">0</us-gaap:DebtInstrumentFairValue>
    <us-gaap:DebtInstrumentFairValue
      contextRef="i48deb30ded654cd29a15dffe8819c8ef_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjMyZTMzMDEzNzFhMjRjMzJhN2Y5MjFiN2NhMjhlYjc2L3RhYmxlcmFuZ2U6MzJlMzMwMTM3MWEyNGMzMmE3ZjkyMWI3Y2EyOGViNzZfMjEtOC0xLTEtMA_a3157b36-4d10-42b2-a0a4-23b936be1202"
      unitRef="usd">6900362000</us-gaap:DebtInstrumentFairValue>
    <us-gaap:FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfODgyNQ_6174fb2f-609d-4075-bcbe-7ca89b2b1361">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents additional information about Level 3 assets and liabilities measured at fair value on a recurring basis for the three months ended March&#160;31, 2021.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.3 &#x2013; Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:17pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.444%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.682%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.698%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.698%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.838%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.419%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:6.860%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.397%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:6.302%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.419%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.405%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="51" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Residential Loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Business Purpose&lt;br/&gt;Loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Multifamily Loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Trading Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;AFS &lt;br/&gt;Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Servicer Advance Investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Excess MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Shared Home Appreciation Options&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:26pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Beginning balance -&lt;br/&gt;&#160;&#160;&#160;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,249,014&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,136,353&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;125,667&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;218,458&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;231,489&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;8,815&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;34,418&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;42,440&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Acquisitions&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;3,146,682&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;22,429&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;1,078&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Originations&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;386,327&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Sales&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(2,348,126)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(8,877)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(23,546)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(2,200)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Principal paydowns&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(369,393)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(282,289)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(1,946)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(509)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(11,238)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(24,804)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(1,932)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Gains (losses) in net income (loss), net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;24,898&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(45,987)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(730)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;21,349&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,596&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(160)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(870)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(1,953)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;5,315&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Unrealized losses in OCI, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;8,236&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Other settlements, net &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(1,275)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(13,407)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Ending balance - &lt;br/&gt;&#160;&#160;&#160;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,701,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,172,120&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;145,390&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;218,930&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;206,525&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;7,945&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;32,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;45,823&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.3 &#x2013; Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis (continued)&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:6pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:72.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.261%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.263%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Derivatives &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;ABS&lt;br/&gt;Issued&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Beginning balance - December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;14,450&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;6,900,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Acquisitions&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;147,086&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Principal paydowns&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(494,234)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Gains (losses) in net income (loss), net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(52,761)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(77,742)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Other settlements, net &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;4,369&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%"&gt;Ending balance - March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;(33,942)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;6,475,472&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&#160;&#160;&#160;&#160;Other settlements, net for residential and business purpose loans represents the transfer of loans to REO, and for derivatives, the settlement of forward sale commitments and the transfer of the fair value of loan purchase or interest rate lock commitments at the time loans are acquired to the basis of residential and single-family rental loans. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&#160;&#160;&#160;&#160;For the purpose of this presentation, derivative assets and liabilities, which consist of loan purchase commitments and interest rate lock commitments, are presented on a net basis.&lt;/span&gt;&lt;/div&gt;</us-gaap:FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="ie7fa352ab92140db90a0844d7bba8353_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy0yLTEtMS0w_8ca46f44-d8dd-4fac-a5d1-37ea9dbcb326"
      unitRef="usd">4249014000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="iaccc86199189418bbe9d8a42cf521566_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy00LTEtMS0w_33222679-efb1-4005-8ee0-ec1ace03ac79"
      unitRef="usd">4136353000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="id2983f99344c40f2aa9d887c682ef6be_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy02LTEtMS0w_dec3cb59-5822-478f-83b4-2ba5db6f925e"
      unitRef="usd">492221000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="i3ff67d830f584d5da4f47fce499467ef_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy04LTEtMS0w_e2381117-aae6-4ff0-b8eb-894cd67dfc41"
      unitRef="usd">125667000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="ied43ede63fe2437090ef3656f409e22a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy0xMC0xLTEtMA_57cfcc2f-38e1-4129-a5bb-15175b0a0219"
      unitRef="usd">218458000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="ia58e6fa52ecd4486807a8d7701d68047_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy0xMi0xLTEtMA_e721fc8b-d26c-4fcc-bd7c-86662b12bfb4"
      unitRef="usd">231489000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="i60a60f5062a14535a567cd300a6922bd_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy0xNC0xLTEtMA_76070702-e643-4af2-b579-7face9bb82bc"
      unitRef="usd">8815000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="i8b3d02bf488749ef9c12768532968cc2_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy0xNi0xLTEtMA_737406a6-5c04-4abf-b982-91033e86f593"
      unitRef="usd">34418000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="i6853cae04733444989dba11ad71fe683_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMy0xOC0xLTEtMA_4d59b9c4-fdad-4e45-a772-2541e618c7d6"
      unitRef="usd">42440000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
      contextRef="i549f7a036d614ca0b48d449bc9b73902_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS0yLTEtMS0w_45317661-48a0-4391-b729-cb9d3b50ad01"
      unitRef="usd">3146682000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
      contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS00LTEtMS0w_e3e78fb4-bdee-41b3-8c31-e901fa3c0017"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
      contextRef="ifb3d49ad157844e9a437e4ead41bb61b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS02LTEtMS0w_497127d1-cec2-4501-8280-45f866f6e914"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
      contextRef="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS04LTEtMS0w_9d8b8414-d0db-4879-89fe-0860a67f611b"
      unitRef="usd">22429000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
      contextRef="if6a0242a33d5472abd750073cc76e9a8_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS0xMC0xLTEtMA_8779215a-1bcc-44db-9418-8e2d95512bf0"
      unitRef="usd">1078000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
      contextRef="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS0xMi0xLTEtMA_02d4d176-a0d7-49dc-b85b-d7bdc32a2fab"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
      contextRef="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS0xNC0xLTEtMA_2ef4c5be-12ca-485f-bb7d-273a5481514a"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
      contextRef="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS0xNi0xLTEtMA_cab28002-c5b0-4a9e-89d6-a4b1451b4071"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
      contextRef="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNS0xOC0xLTEtMA_c9a4f1cc-344e-43bc-aad8-2e5d91a62f6d"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations
      contextRef="i549f7a036d614ca0b48d449bc9b73902_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi0yLTEtMS0w_044fec0c-a1da-4024-afc5-44ea54f9ded2"
      unitRef="usd">0</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations
      contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi00LTEtMS0w_175d0555-9527-45d0-ba93-74bb070e445c"
      unitRef="usd">386327000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations
      contextRef="ifb3d49ad157844e9a437e4ead41bb61b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi02LTEtMS0w_b53e50ad-04a5-4bc1-8d87-a58746af8d13"
      unitRef="usd">0</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations
      contextRef="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi04LTEtMS0w_45c15b36-d58a-4f4c-8bc9-440e5316387f"
      unitRef="usd">0</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations
      contextRef="if6a0242a33d5472abd750073cc76e9a8_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi0xMC0xLTEtMA_8ff2cf52-9460-4b69-a91b-7092c1012a2b"
      unitRef="usd">0</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations
      contextRef="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi0xMi0xLTEtMA_d8336933-1930-4a67-8150-017e90ba640d"
      unitRef="usd">0</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations
      contextRef="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi0xNC0xLTEtMA_3afec878-a1a0-4e5f-b074-24ea9f319c81"
      unitRef="usd">0</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations
      contextRef="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi0xNi0xLTEtMA_a5c07690-6a63-495c-99de-c2980b5f0b81"
      unitRef="usd">0</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations
      contextRef="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNi0xOC0xLTEtMA_e8ae9d34-94ef-4e73-8600-77333c239068"
      unitRef="usd">0</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
      contextRef="i549f7a036d614ca0b48d449bc9b73902_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy0yLTEtMS0w_ee4749ae-9ed5-42a6-a2ac-f4793c32d17b"
      unitRef="usd">2348126000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
      contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy00LTEtMS0w_59da99dc-40d0-4ff0-b04c-2084bd182f83"
      unitRef="usd">8877000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
      contextRef="ifb3d49ad157844e9a437e4ead41bb61b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy02LTEtMS0w_abe41f08-a36d-4d0c-8d33-847d73ed7d2d"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
      contextRef="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy04LTEtMS0w_79eb4026-0a8a-4612-a688-1fae80ef8f66"
      unitRef="usd">23546000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
      contextRef="if6a0242a33d5472abd750073cc76e9a8_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy0xMC0xLTEtMA_a0d5da2d-b70c-4d79-ad96-1c5037321422"
      unitRef="usd">2200000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
      contextRef="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy0xMi0xLTEtMA_93a6be8e-a9bf-4553-9a56-076af1f391b9"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
      contextRef="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy0xNC0xLTEtMA_30cbfe52-0bd5-4eeb-abf9-43838fddcfd0"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
      contextRef="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy0xNi0xLTEtMA_45cc3bb7-0db9-4bd9-814d-c8c52d68f60b"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
      contextRef="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfNy0xOC0xLTEtMA_f7c84c0c-9053-463a-a44c-5a11ffdb8f66"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales>
    <rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns
      contextRef="i549f7a036d614ca0b48d449bc9b73902_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC0yLTEtMS0w_50d6287f-5b10-4edb-b039-839a603863f4"
      unitRef="usd">369393000</rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns>
    <rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns
      contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC00LTEtMS0w_32cbc75b-8e1b-47b5-8471-783764cc276c"
      unitRef="usd">282289000</rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns>
    <rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns
      contextRef="ifb3d49ad157844e9a437e4ead41bb61b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC02LTEtMS0w_4aceb806-5e87-4b78-812d-a18c24f0de18"
      unitRef="usd">1946000</rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns>
    <rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns
      contextRef="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC04LTEtMS0w_c60db8a1-9e00-4e45-b94c-23b76c05cb11"
      unitRef="usd">509000</rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns>
    <rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns
      contextRef="if6a0242a33d5472abd750073cc76e9a8_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC0xMC0xLTEtMA_8a7925ea-6ef3-4f05-84dc-f03f14ca8d4d"
      unitRef="usd">11238000</rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns>
    <rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns
      contextRef="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC0xMi0xLTEtMA_ce726398-fb62-4a82-a46d-7df5cf1e88b6"
      unitRef="usd">24804000</rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns>
    <rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns
      contextRef="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC0xNC0xLTEtMA_63fca795-8107-41df-98de-671906b1c2c2"
      unitRef="usd">0</rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns>
    <rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns
      contextRef="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC0xNi0xLTEtMA_90c46eb9-8bdf-46bc-97da-7076594aee5c"
      unitRef="usd">0</rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns>
    <rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns
      contextRef="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfOC0xOC0xLTEtMA_8627b342-89b4-4d50-85c7-8e4a45d4b702"
      unitRef="usd">1932000</rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
      contextRef="i549f7a036d614ca0b48d449bc9b73902_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtMi0xLTEtMA_d45e703f-ecd8-4289-830c-60f2ea7818e4"
      unitRef="usd">24898000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
      contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtNC0xLTEtMA_100e489f-881d-454b-8ff7-944b4489f12a"
      unitRef="usd">-45987000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
      contextRef="ifb3d49ad157844e9a437e4ead41bb61b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtNi0xLTEtMA_e7fa42fe-4389-47d1-bbfe-dd159c3a3aab"
      unitRef="usd">-730000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
      contextRef="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtOC0xLTEtMA_98605da5-2bae-48dc-9a26-2b7120b47581"
      unitRef="usd">21349000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
      contextRef="if6a0242a33d5472abd750073cc76e9a8_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtMTAtMS0xLTA_4e8d0617-1e3f-4d3d-8972-cc7d3b9b4b57"
      unitRef="usd">4596000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
      contextRef="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtMTItMS0xLTA_cdf47846-b76a-40ef-9615-7da0bf595f69"
      unitRef="usd">-160000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
      contextRef="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtMTQtMS0xLTA_53b92f16-d74f-4da3-b56d-7d142d033c7c"
      unitRef="usd">-870000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
      contextRef="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtMTYtMS0xLTA_727ed03b-c865-4c9a-8b4c-9f4da078cf75"
      unitRef="usd">-1953000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
      contextRef="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTAtMTgtMS0xLTA_f1ffacbd-e24e-4ae8-8a4b-ed63a48ce5bc"
      unitRef="usd">5315000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
      contextRef="i549f7a036d614ca0b48d449bc9b73902_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtMi0xLTEtMA_95c09caa-9850-4622-b503-1b66c2fc2c3f"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
      contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtNC0xLTEtMA_77e56076-bcd7-405f-bff6-91df7715d699"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
      contextRef="ifb3d49ad157844e9a437e4ead41bb61b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtNi0xLTEtMA_94d04af2-64fd-4d54-91ef-af558abc2950"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
      contextRef="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtOC0xLTEtMA_04166592-6768-4a8c-87ab-b33a3c2bf6c6"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
      contextRef="if6a0242a33d5472abd750073cc76e9a8_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtMTAtMS0xLTA_a5c2075f-3ecf-410c-a1e2-8ceba8d68fc0"
      unitRef="usd">8236000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
      contextRef="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtMTItMS0xLTA_bc2800e6-922d-4824-b2fc-14c42387286d"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
      contextRef="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtMTQtMS0xLTA_53f93227-22b8-44ae-92c9-9168037250bd"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
      contextRef="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtMTYtMS0xLTA_e1165e74-e0ca-4a95-9142-e555c654394a"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
      contextRef="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTEtMTgtMS0xLTA_6ea71909-394e-468b-8b9c-6f81350bf9b0"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
      contextRef="i549f7a036d614ca0b48d449bc9b73902_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItMi0xLTEtMA_81ad1457-5b20-49e5-a9a1-6056c28cf44e"
      unitRef="usd">1275000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
      contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItNC0xLTEtMA_53866e1f-9937-45cc-8a5e-da6d4f03b503"
      unitRef="usd">13407000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
      contextRef="ifb3d49ad157844e9a437e4ead41bb61b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItNi0xLTEtMA_2da36e00-0fd3-44ce-a8dc-07c78eeac459"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
      contextRef="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItOC0xLTEtMA_0e3e3549-d715-4cac-9eaa-a7d6b7814f85"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
      contextRef="if6a0242a33d5472abd750073cc76e9a8_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItMTAtMS0xLTA_c0f35eab-68c4-4592-a60d-4ec2fac13acb"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
      contextRef="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItMTItMS0xLTA_71cb439a-4c0d-4b41-9415-2754ab64a941"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
      contextRef="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItMTQtMS0xLTA_08afb953-f322-4267-93d4-79d95b477c91"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
      contextRef="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItMTYtMS0xLTA_5901a963-4ae3-4d33-9ccd-a27e33b60e72"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
      contextRef="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTItMTgtMS0xLTA_c971bf85-9135-49fe-aac7-a87099e0248f"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="i07a6d33092ae4a489a31b3a968623d79_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtMi0xLTEtMA_8e5e97e5-87ca-4283-b1cb-27a26500426e"
      unitRef="usd">4701800000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="i5a0a5b43b48846f79d29956a447bdf71_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtNC0xLTEtMA_9fab86f4-80c5-458d-9724-44b4426c8140"
      unitRef="usd">4172120000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="i6fc7e7e78b064a55a8f56344b342d3b8_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtNi0xLTEtMA_4ed862ae-41cb-4424-9666-99022e987ca0"
      unitRef="usd">489545000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="iab69e02dc03c4787b3576e45df718e6b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtOC0xLTEtMA_ae5f1418-05f7-4bd1-bbaa-19f85fd70f97"
      unitRef="usd">145390000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="iee7abe4fb8f141dfac3e73deb610206c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtMTAtMS0xLTA_f4b6d4a8-ab0d-4b98-bca9-c9ce7194f708"
      unitRef="usd">218930000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="ifdd05b0e653a49e9afdb552c47a636a2_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtMTItMS0xLTA_d877f43e-9379-4643-9cc0-9a9f62bbee23"
      unitRef="usd">206525000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="ia863a4ea907945e4985e729e98137856_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtMTQtMS0xLTA_085b71b3-b714-4a66-b71b-ee1e0fccc19e"
      unitRef="usd">7945000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="ia34e5b2765934a8caca5d6560b7325f0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtMTYtMS0xLTA_ff872352-220b-4ca2-b787-c672861bab73"
      unitRef="usd">32465000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="i054a7222e5b2414aabfc40a8dfae03dc_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjU1NjlhYzA2YzZlMzQ4NzM5MDljMWQ0ZGE0ODQzNDVhL3RhYmxlcmFuZ2U6NTU2OWFjMDZjNmUzNDg3MzkwOWMxZDRkYTQ4NDM0NWFfMTMtMTgtMS0xLTA_b58b8126-3a36-4543-b507-67215cb0a1aa"
      unitRef="usd">45823000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="i7c9bf4a4709342dd89c28902bbf85390_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfMy0xOC0xLTEtMA_be3903be-56d6-4fe5-ac53-83d6380fdb4a"
      unitRef="usd">14450000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
      contextRef="iac3f07a56e594c60bc0856fc337d226c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfMy0yMi0xLTEtMA_8613cbd8-74bb-4a29-a5e1-316d7583e281"
      unitRef="usd">6900362000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
      contextRef="i0c40a9027e2c42b191b1f44de3846e76_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfNS0xOC0xLTEtMA_ccf3287f-5a41-4807-baad-2e45e35368a6"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
      contextRef="i88cbe1e67e484322852362c87df869b4_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfNS0yMi0xLTEtMA_2aa43a90-dd96-49eb-b03b-61f78d9a84ac"
      unitRef="usd">147086000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases>
    <rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns
      contextRef="i0c40a9027e2c42b191b1f44de3846e76_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfNy0xOC0xLTEtMA_6ab6acfd-f2f1-4604-a234-5f5c6b48da50"
      unitRef="usd">0</rwt:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns
      contextRef="i88cbe1e67e484322852362c87df869b4_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfNy0yMi0xLTEtMA_d28249ff-ca48-47b4-b1d0-ab29424e5914"
      unitRef="usd">494234000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
      contextRef="i0c40a9027e2c42b191b1f44de3846e76_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfOS0xOC0xLTEtMA_9e8dccd8-fba2-49ec-bc74-7a5667e82fcc"
      unitRef="usd">-52761000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
      contextRef="i88cbe1e67e484322852362c87df869b4_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfOS0yMi0xLTEtMA_947a9b42-1343-40ae-abe6-89cbd1eae798"
      unitRef="usd">-77742000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
      contextRef="i0c40a9027e2c42b191b1f44de3846e76_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfMTEtMTgtMS0xLTA_eb1fe003-7316-4b21-ad3e-001203e59ac0"
      unitRef="usd">-4369000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
      contextRef="i88cbe1e67e484322852362c87df869b4_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfMTEtMjItMS0xLTA_5feb3a76-8670-4d0f-88f1-034b65929b92"
      unitRef="usd">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
      contextRef="i2578abb6543e498aa84225e44ae44321_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfMTItMTgtMS0xLTA_2e7a7925-1260-4f8b-b60b-782182b1e61e"
      unitRef="usd">-33942000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
    <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
      contextRef="i96b83456b00f48f68b30ca5643004dd0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjBlM2NjMGMxOWI1YTQ1YzNhYmJiNWM1MDZhY2Q1NzlhL3RhYmxlcmFuZ2U6MGUzY2MwYzE5YjVhNDVjM2FiYmI1YzUwNmFjZDU3OWFfMTItMjItMS0xLTA_cfedf2cb-54d9-470a-a1d5-3e5a3be35756"
      unitRef="usd">6475472000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue>
    <us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfODg0MA_9bfbab95-0444-4cff-8890-df77f6b8118a">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the portion of gains or losses included in our consolidated statements of income (loss) that were attributable to Level 3 assets and liabilities recorded at fair value on a recurring basis and held at March&#160;31, 2021 and 2020. Gains or losses incurred on assets or liabilities sold, matured, called, or fully written down during the three months ended March&#160;31, 2021 and 2020 are not included in this presentation.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.4 &#x2013; Portion of Net Gains (Losses) Attributable to Level 3 Assets and Liabilities Still Held at March&#160;31, 2021 and 2020 Included in Net Income&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:3pt;text-align:justify"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:68.344%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.483%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.485%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Included in Net Income&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loans at Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(9,978)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(102,867)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Business purpose loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,104&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(68,864)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investments in consolidated Sequoia entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,201&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(179,499)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investments in consolidated Freddie Mac SLST entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,088&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(193,035)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investments in consolidated Freddie Mac K-Series entity &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,921&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(10,351)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investments in consolidated CAFL entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;370&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(271,917)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trading securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;490&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(136,359)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Servicer advance investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(160)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(6,062)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;756&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(16,640)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Excess MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,952)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(9,494)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Shared home appreciation options&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,315&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(7,554)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loan purchase and interest rate lock commitments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,053&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loan purchase commitments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(35,661)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,967)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Contingent consideration&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(312)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&#160;&#160;&#160;&#160;Represents the portion of net gains or losses included in our consolidated statements of income (loss) related to loans and the associated ABS issued at our consolidated securitization entities held at March&#160;31, 2021 and 2020, which netted together represent the change in value of our investments at the consolidated VIEs, excluding REO.&lt;/span&gt;&lt;/div&gt;</us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i6667ead55d144e9a83496a4566421676_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfNC0yLTEtMS0w_d98fe312-4991-421f-ae89-641f2e782aa5"
      unitRef="usd">-9978000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="ifc643f6bad1f4aa89c501e5a104a21d5_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfNC00LTEtMS0w_9dd53025-b517-49e0-81b3-fd4face37336"
      unitRef="usd">-102867000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i28c47c0ac47942c7b144a49e3ef72e65_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfNS0yLTEtMS0w_9cc6c478-4c93-43f3-918c-b36a43d3636d"
      unitRef="usd">5104000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i58b74c50beef41a2a81b4ccbe0a00f23_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfNS00LTEtMS0w_326a1e3d-924e-40f6-9866-a18a176aaea9"
      unitRef="usd">-68864000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="ie910f1ef08b648b48ee01aa312690566_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfNi0yLTEtMS0w_ce0817b3-6d65-43cc-b203-e1a3ac49e4f1"
      unitRef="usd">4201000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i536d18f1e0bd49bc9267734b885b2001_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfNi00LTEtMS0w_fa4aee34-ec03-4012-8157-86d3ee1a514d"
      unitRef="usd">-179499000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="iefc1afb6134449f9b82d2f9b413f5265_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfNy0yLTEtMS0w_cbf077e7-f19f-4b49-acc5-4076ef807ae1"
      unitRef="usd">4088000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="idc9f1f5b85c14779ac04355776756cdc_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfNy00LTEtMS0w_6fa9483b-c750-4221-ba20-acd50851504b"
      unitRef="usd">-193035000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i26af598de0f349148bb24d571a9d29ae_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfOC0yLTEtMS0w_98ffd206-f33b-45c1-8dd0-c4cf408b968a"
      unitRef="usd">8921000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i149b968bab964175bcc3503c989cd595_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfOC00LTEtMS0w_a3cd63bc-c573-43b6-8520-1b3c256333e8"
      unitRef="usd">-10351000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i6ae84f2458744e90a3f2176f85717eef_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfOS0yLTEtMS0w_3fa5ad27-d82e-4d23-b43a-78ae236ae0e8"
      unitRef="usd">370000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="ic773e787c1ec476ba0293705d1db87c8_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfOS00LTEtMS0w_061495aa-5234-412d-9839-39f0520a9701"
      unitRef="usd">-271917000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i66f4deae6ea449a5b7226429540dd643_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTAtMi0xLTEtMA_3b00294a-7bc6-4211-ace0-35ad2d4b25d3"
      unitRef="usd">490000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i550beb9b2edd40aebd9b4bef213c426c_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTAtNC0xLTEtMA_0b636594-de58-46e3-a2fc-9dc89cdf42a8"
      unitRef="usd">-136359000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i6d315a8714fd448fa1c01f0521ef5467_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTItMi0xLTEtMA_f69dd307-ba2b-4171-af69-1f3869beed57"
      unitRef="usd">-160000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i8766c7e33d9f48cabf689e1a3fda9c4a_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTItNC0xLTEtMA_5133883f-2dff-493c-b97a-f4f0d93ec469"
      unitRef="usd">-6062000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i2d5bbcdf2fec41cdac47ac7d002c0983_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTMtMi0xLTEtMA_ffcb4d26-a0b8-4792-8e5e-2da19df5b6ad"
      unitRef="usd">756000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i7eea2300187346879d7627dc3f6838c8_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTMtNC0xLTEtMA_a8d6619f-18ba-47a2-a147-ad382f2f9bf8"
      unitRef="usd">-16640000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i24e35bf78978427f9ce51804dd9c579b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTQtMi0xLTEtMA_351d9280-584f-403e-a828-32902d1c56b6"
      unitRef="usd">-1952000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="ib800be21a6484e2380d6761746e3b34e_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTQtNC0xLTEtMA_3de3a5f6-4b5f-450c-9667-53b0ee28d343"
      unitRef="usd">-9494000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="ica7057782c6e4073a456fb78c130c7ff_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTUtMi0xLTEtMA_87583bdb-9568-4641-9767-73ae0485a01d"
      unitRef="usd">5315000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i905379e317594d80ad762ae080cb0ba6_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTUtNC0xLTEtMA_b954412a-c244-4bd2-847c-01d859450ca9"
      unitRef="usd">-7554000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i50e7d29d3696473eb3b280e05f4185c1_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTYtMi0xLTEtMA_6413db29-c7a6-4a63-9100-6707fe82b6ae"
      unitRef="usd">1053000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="idb7db59756814ccc9c0dedca5dc761cb_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMTYtNC0xLTEtMA_74df302b-405b-4d6b-9998-7beb4c152a58"
      unitRef="usd">0</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i6dadfc22ba34444995ba067f66249d7a_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMjEtMi0xLTEtMA_cb2dde03-e102-4a07-8a4c-b750e59549c6"
      unitRef="usd">35661000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i4175c7730d9c43de9031c5bda117babd_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMjEtNC0xLTEtMA_1725e714-6379-4813-958e-bce66193128e"
      unitRef="usd">3967000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="i158c143156934610a7cb7d00ee1b0619_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMjMtMi0xLTEtMA_07863067-d585-4431-8d06-d5f5fc4f1afa"
      unitRef="usd">0</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown
      contextRef="iacfbd3b7e1d4424a94ad197b0aa8019c_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjZmYTRiNTcxODIxZTRlZWU4ODZiODRlODVmZjNmOTI3L3RhYmxlcmFuZ2U6NmZhNGI1NzE4MjFlNGVlZTg4NmI4NGU4NWZmM2Y5MjdfMjMtNC0xLTEtMA_38bd8363-4bc6-4ab0-8d6d-e442ca084779"
      unitRef="usd">312000</rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown>
    <us-gaap:FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfODgxNQ_49c80748-02a0-4b4c-9c1e-b2a03422b07f">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents information on assets recorded at fair value on a non-recurring basis at March&#160;31, 2021. This table does not include the carrying value and gains or losses associated with the asset types below that were not recorded at fair value on our consolidated balance sheets at March&#160;31, 2021.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.5 &#x2013; Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis at March&#160;31, 2021 &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:43.622%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.156%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Gain (Loss) for&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Carrying &lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair Value Measurements Using&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Three Months Ended&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 1&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 2&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Level 3&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;REO&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,316&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,316&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:FairValueAssetsMeasuredOnNonrecurringBasisTextBlock>
    <us-gaap:OtherAssetsFairValueDisclosure
      contextRef="i33739b4aa720431f94491f32f92cc0d5_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjJjOGRlZDZjOTQ5MDQ5MTg4NmVlNjFjZDQwNWUxMmY4L3RhYmxlcmFuZ2U6MmM4ZGVkNmM5NDkwNDkxODg2ZWU2MWNkNDA1ZTEyZjhfNi0yLTEtMS0w_87883bc6-88c6-4ff7-9043-4c471c3feb15"
      unitRef="usd">1316000</us-gaap:OtherAssetsFairValueDisclosure>
    <us-gaap:OtherAssetsFairValueDisclosure
      contextRef="i611ddefe02464bc3870bdde8403ed531_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjJjOGRlZDZjOTQ5MDQ5MTg4NmVlNjFjZDQwNWUxMmY4L3RhYmxlcmFuZ2U6MmM4ZGVkNmM5NDkwNDkxODg2ZWU2MWNkNDA1ZTEyZjhfNi00LTEtMS0w_fafafb85-c997-463e-926a-a8d3bad9ffa5"
      unitRef="usd">0</us-gaap:OtherAssetsFairValueDisclosure>
    <us-gaap:OtherAssetsFairValueDisclosure
      contextRef="i9db60fa1b3904f99afa90198dfe78894_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjJjOGRlZDZjOTQ5MDQ5MTg4NmVlNjFjZDQwNWUxMmY4L3RhYmxlcmFuZ2U6MmM4ZGVkNmM5NDkwNDkxODg2ZWU2MWNkNDA1ZTEyZjhfNi02LTEtMS0w_603e01ee-b5d5-48bb-bdde-e86fad9ebc18"
      unitRef="usd">0</us-gaap:OtherAssetsFairValueDisclosure>
    <us-gaap:OtherAssetsFairValueDisclosure
      contextRef="i40a7f478b06244db80d562e688507237_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjJjOGRlZDZjOTQ5MDQ5MTg4NmVlNjFjZDQwNWUxMmY4L3RhYmxlcmFuZ2U6MmM4ZGVkNmM5NDkwNDkxODg2ZWU2MWNkNDA1ZTEyZjhfNi04LTEtMS0w_14910c73-3d14-4128-aaac-adf8234ec268"
      unitRef="usd">1316000</us-gaap:OtherAssetsFairValueDisclosure>
    <us-gaap:FairValueOptionChangesInFairValueGainLoss1
      contextRef="i943a8d998ce4417d8482ccfec4eba00e_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjJjOGRlZDZjOTQ5MDQ5MTg4NmVlNjFjZDQwNWUxMmY4L3RhYmxlcmFuZ2U6MmM4ZGVkNmM5NDkwNDkxODg2ZWU2MWNkNDA1ZTEyZjhfNi0xMC0xLTEtMA_2889970c-1cba-4a95-9e7a-adce89562769"
      unitRef="usd">-3000</us-gaap:FairValueOptionChangesInFairValueGainLoss1>
    <rwt:ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfODg2MA_9ccd8657-f3a6-4717-99e1-1afe3adab599">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the net market valuation gains and losses recorded in each line item of our consolidated statements of income for the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.6 &#x2013; Market Valuation Gains and Losses, Net&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:68.483%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.483%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.485%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Mortgage Banking Activities, Net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loans held-for-sale, at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,112&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(13,480)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loan purchase and forward sale commitments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(52,385)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,435&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Single-family rental loans held-for-sale, at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,248&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,467&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Single-family rental loan purchase and interest rate lock commitments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;341&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Bridge loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,044&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,934)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trading securities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;721&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Risk management derivatives, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;92,822&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(52,832)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total mortgage banking activities, net &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;75,562&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(37,003)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Investment Fair Value Changes, Net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loans at Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;317&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(93,636)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Single-family rental loans held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(23,028)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Bridge loans held-for-investment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,304&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(38,602)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trading securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,628&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(263,325)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Servicer advance investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(160)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(6,062)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Excess MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,953)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(9,494)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investments in Legacy Sequoia entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(699)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(391)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investments in Sequoia Choice entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,898&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(69,669)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investments in Freddie Mac SLST entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,117&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(142,162)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investment in Freddie Mac K-Series entity &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,921&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(86,509)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net investments in CAFL entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(286)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(67,846)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Shared home appreciation options&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,315&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(7,554)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;310&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,887)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Risk management derivatives, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(59,142)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Credit recoveries (losses) on AFS securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;375&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,525)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total investment fair value changes, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,087&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(870,832)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Other Income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(866)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(18,608)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Risk management derivatives, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13,966&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total other income &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(4)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(866)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4,642)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Market Valuation Gains (Losses), Net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;119,783&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(912,477)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt"&gt;Represents fair value changes on trading securities that are being used along with risk management derivatives to manage the mark-to-market risks associated with our residential mortgage banking operations.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt"&gt;Mortgage banking activities, net presented above does not include fee income from loan originations or acquisitions, provisions for repurchases expense, and other expenses that are components of Mortgage banking activities, net presented on our consolidated statements of income (loss), as these amounts do not represent market valuation changes.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"&gt;(3)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt"&gt;Includes changes in fair value of the residential loans held-for-investment, REO and the ABS issued at the entities, which netted together represent the change in value of our investments at the consolidated VIEs.&lt;/span&gt;&lt;/div&gt;(4)Other income presented above does not include net MSR fee income or provisions for repurchases for MSRs, as these amounts do not represent market valuation adjustments.</rwt:ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="ie0ea2f9a069046359541df8a6c9c34be_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMy0yLTEtMS0w_e0fb13f6-8c73-4774-8dfa-77cfa4bc1ee3"
      unitRef="usd">23112000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i493d4046aa994911b4b7c64d6e169e4a_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMy00LTEtMS0w_831aa0d3-2fe3-495d-aed3-18d25d829ae7"
      unitRef="usd">-13480000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i00523484f3cd4ed790880778eb957709_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfNC0yLTEtMS0w_eab3f767-0109-4c34-a3d9-7bbab835f802"
      unitRef="usd">-52385000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="ib4858f756d8c429f80340b969c283011_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfNC00LTEtMS0w_fa3df539-e2de-4613-8c84-5842101bf5f1"
      unitRef="usd">21435000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="ia9fd8d05593a4f7f91b09e9a3a8c5adc_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfNS0yLTEtMS0w_61ee67bc-ea13-4af1-a5f9-87fd75252e05"
      unitRef="usd">10248000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i10200654d7e64e31b490ed14f5a4ebcb_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfNS00LTEtMS0w_5618afb1-6e24-44b5-8fe4-03fef7e92a15"
      unitRef="usd">11467000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i0a8efb4d904c4cceba82459f2976b997_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfNi0yLTEtMS0w_9ce8980c-6f74-40fc-ad88-2ca1b0940705"
      unitRef="usd">0</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i9e4135b194bf44a289a120abffedaddd_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfNi00LTEtMS0w_2c6f3bf4-92ff-4603-b5b6-74ebdf423574"
      unitRef="usd">341000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="idd862ce212b246d18ec144179e66d6c8_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfNy0yLTEtMS0w_a74dbc66-ffa4-45f8-a69f-cc72872b2d1d"
      unitRef="usd">1044000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i3bb079db28394c9d9e09fe6f8610de7f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfNy00LTEtMS0w_a7036734-b9ae-4c55-8fde-fa9439d4b75c"
      unitRef="usd">-3934000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="if7b75b356e814db2bc0260efc565afbe_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfOC0yLTEtMS02MzY_3d5f1373-3486-49f9-a7fc-e73c3ed63c27"
      unitRef="usd">721000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="if6788a2f41244ef28a7bf50bfb78adf6_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfOC00LTEtMS02MzY_6b88bf91-03f8-4421-94c0-c6863782e6ef"
      unitRef="usd">0</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="ia4f01a7bf4bd48de99703d023fdffc23_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfOC0yLTEtMS0w_fcd10b54-da56-41a7-8847-7dd9e4a10893"
      unitRef="usd">92822000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i98012c7050184111bd383e5fc36fa937_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfOC00LTEtMS0w_725fcb98-4738-4a4d-9058-ed20b96609ff"
      unitRef="usd">-52832000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="icc090af3a3944f298e99496759d4b8bd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfOS0yLTEtMS0w_15e09b84-d3f5-4045-aee9-aa0d5d1febac"
      unitRef="usd">75562000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i3f1428ea357b4375b459487a4a55c44f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfOS00LTEtMS0w_0c16a71f-455b-4390-9912-5ee4064718cc"
      unitRef="usd">-37003000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="ic9b6824ca2854748b0ee7720afae24ad_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTEtMi0xLTEtMA_36d5c98c-93e2-48dd-acc7-372d96461007"
      unitRef="usd">317000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i30787af2a65b4207a13175ca5051275a_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTEtNC0xLTEtMA_40ad2ee0-48ca-4709-a627-c0d4febe0efc"
      unitRef="usd">-93636000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i89924ebd81db43369175e5d88a9dd440_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTItMi0xLTEtMA_fc587fd9-8b07-482f-9579-2590e42d7624"
      unitRef="usd">0</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="ief334a70a3eb47a596399c592cf7b8d8_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTItNC0xLTEtMA_ad463769-3d2a-49df-a16c-3e8e5981397b"
      unitRef="usd">-23028000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i21bd9594bdc6473ea84b364f176533d7_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTMtMi0xLTEtMA_277aa2d6-07c5-4d33-8441-84a934558df7"
      unitRef="usd">3304000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="if53ba3db0684450abfb2946f4c6fc6b7_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTMtNC0xLTEtMA_491e3742-acf3-4048-8c82-51c700c30116"
      unitRef="usd">-38602000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i518addbe889a4e80b5c9a727fb91d8aa_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTQtMi0xLTEtMA_ddfc4327-5fa6-4097-bf00-e331e9eeaf34"
      unitRef="usd">20628000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="ia306ec4c55e34a76a4cfde4f22075275_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTQtNC0xLTEtMA_1ba10cda-943d-4915-98c6-43580560dffc"
      unitRef="usd">-263325000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i1b67a32a7aa1461e8a5b3dc16b126b61_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTUtMi0xLTEtMA_ce72a5ab-bd23-48bc-aa32-23ce3ca4c89b"
      unitRef="usd">-160000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i44d7062dccc4482eb2a480ca09e76880_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTUtNC0xLTEtMA_0cd33af6-a8b7-4be3-842e-6b52a6a7d90d"
      unitRef="usd">-6062000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="ief47be17ad3e4796b9c0f12f3065164f_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTYtMi0xLTEtMA_b2b4756f-53f3-405b-b011-db5477198667"
      unitRef="usd">-1953000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i7319b4cb879e421f8ac76aa55968a52e_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTYtNC0xLTEtMA_73b8a228-de52-48db-9ca9-5ce97cfb2edd"
      unitRef="usd">-9494000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i1b4e0e7ae9f14750ae752d41c0786e5f_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTktMi0xLTEtMA_3e7f2e42-2158-4cdb-b04c-ada763a5374e"
      unitRef="usd">-699000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="ia9a548411f774ad6b87af3e6bebe4be2_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMTktNC0xLTEtMA_74dd48d9-214f-40da-9b0b-98b4503d2c32"
      unitRef="usd">-391000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="if55a1f3df2534bef9cb88ebbb59e5e54_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjAtMi0xLTEtMA_d01aec94-79a1-4781-809e-ae263de1a87d"
      unitRef="usd">4898000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i2101239e1ed64b57814bf0ff5203b353_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjAtNC0xLTEtMA_9c755fde-fae7-4b79-b6a4-06a1aea246f4"
      unitRef="usd">-69669000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="ifcb2c2de3bc0421ba747fbf5de64121f_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjEtMi0xLTEtMA_ce2a4521-762c-430f-a094-005e508870b6"
      unitRef="usd">4117000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="ic9005108191048a299271dfa5ada7a5c_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjEtNC0xLTEtMA_7195cfa7-efd7-4e57-818c-41a1d139d32f"
      unitRef="usd">-142162000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="ia5e7ab2c37c84f0194666c012e613958_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjItMi0xLTEtMA_33d105da-099b-4276-8a5e-24dd6919b5d4"
      unitRef="usd">8921000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i7f9eb6ae6026412192300f90c6b1d3ac_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjItNC0xLTEtMA_9fa6fdaf-e84c-4e19-8b94-a92eeb3595cb"
      unitRef="usd">-86509000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="ic2afa7710e0c4120be3ac52614b34d41_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjMtMi0xLTEtMA_9a54b2d7-7449-42f2-aac9-00a55eeb3b96"
      unitRef="usd">-286000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="if67282c6d42647d594ccb7dee627c6f8_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjMtNC0xLTEtMA_3d4a84af-0d5b-4c33-bee0-dd67f8481fed"
      unitRef="usd">-67846000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i284b3fd30d234c63bb993795682bf964_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjMtMi0xLTEtNjE4Mw_38e0f01e-1d6e-4f40-82db-87435d28c216"
      unitRef="usd">5315000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i169759bb6912478582d0e66562781ec4_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjMtNC0xLTEtNjE4Mw_56fe5b27-bf58-43d0-aeee-de1cddd77ce1"
      unitRef="usd">-7554000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="ibd4c7af477ca4da8bd36ed9707f243ad_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjQtMi0xLTEtMA_acb258ee-5039-4b6a-8e39-8c8598f2a33d"
      unitRef="usd">310000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="id8ffd74ef46747d4b51bac5edfbe7a61_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjQtNC0xLTEtMA_0d36dea9-ad83-40e6-822e-c5daa4bafc6d"
      unitRef="usd">-1887000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i2ae495385e884f3c8f5ebb2bb6e22a17_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjUtMi0xLTEtMA_512958f9-a740-4b71-a507-a67a39f10c81"
      unitRef="usd">0</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="id3952c377d9947d1a8fd13d5b43ddf65_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjUtNC0xLTEtMA_8832f335-f45d-4a17-b627-35889b8a8860"
      unitRef="usd">-59142000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="iecb8af227a934f02aa3370a1fdd3a5cd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjctMi0xLTEtMA_49e723e9-4b57-451d-9c16-67cfb74ae9db"
      unitRef="usd">375000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i5140e3fb71d64f918c9138d3257c57fb_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjctNC0xLTEtMA_26fc0124-f13c-4113-9f6d-e5f474c4e1e6"
      unitRef="usd">-1525000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="ic8666794582b409fb009b5941410e5ef_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjgtMi0xLTEtMA_513f51e3-84e6-4b8c-b41d-cdc7e9cae24f"
      unitRef="usd">45087000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i2a77ef2ff4e047caa0f1a33d7929ec64_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMjgtNC0xLTEtMA_57a1b7dc-ba3c-432a-bd8f-2156d76c0f0d"
      unitRef="usd">-870832000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:MortgageServicingRightsIncomeLossNet
      contextRef="i88dee4db834f4d2d94d5c69fcd091e54_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMzAtMi0xLTEtMA_12a4a063-27d2-475b-9486-288d73c399ad"
      unitRef="usd">-866000</rwt:MortgageServicingRightsIncomeLossNet>
    <rwt:MortgageServicingRightsIncomeLossNet
      contextRef="i4ac43bc39538441fb793d28ba8db60d6_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMzAtNC0xLTEtMA_5cd76d4a-d9fc-40f6-b8af-abb043b30849"
      unitRef="usd">-18608000</rwt:MortgageServicingRightsIncomeLossNet>
    <rwt:MortgageServicingRightsIncomeLossNet
      contextRef="i3e01da42fc454e56b0cef583e869baf4_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMzEtMi0xLTEtMA_87fff8bc-319c-4de0-972d-4ff40b4229c4"
      unitRef="usd">0</rwt:MortgageServicingRightsIncomeLossNet>
    <rwt:MortgageServicingRightsIncomeLossNet
      contextRef="i9794d9d167f246d49406674e01f35859_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMzEtNC0xLTEtMA_10b19f5a-c6bc-4444-b0cb-73443dfffd7d"
      unitRef="usd">13966000</rwt:MortgageServicingRightsIncomeLossNet>
    <rwt:MortgageServicingRightsIncomeLossNet
      contextRef="i8e88a2d220334046b489543722ee194f_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMzMtMi0xLTEtMA_3b543da0-c102-466a-9b1d-53864a8db1f5"
      unitRef="usd">-866000</rwt:MortgageServicingRightsIncomeLossNet>
    <rwt:MortgageServicingRightsIncomeLossNet
      contextRef="i19df292df6aa48e785bf650586623e90_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMzMtNC0xLTEtMA_fc22211e-5b96-4647-a4e2-aedd6e437f49"
      unitRef="usd">-4642000</rwt:MortgageServicingRightsIncomeLossNet>
    <rwt:MarketValuationAdjustmentsNet
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMzQtMi0xLTEtMA_ca86e00c-5c83-459e-b30c-34dbe3bee4e7"
      unitRef="usd">119783000</rwt:MarketValuationAdjustmentsNet>
    <rwt:MarketValuationAdjustmentsNet
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjRlMWJmZGJkZTk2MzQ2YzA5YTlkZjgwNzhjNDBkMjY5L3RhYmxlcmFuZ2U6NGUxYmZkYmRlOTYzNDZjMDlhOWRmODA3OGM0MGQyNjlfMzQtNC0xLTEtMA_aa419360-5d87-40bd-ba01-3e65c356eeb0"
      unitRef="usd">-912477000</rwt:MarketValuationAdjustmentsNet>
    <us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfODg0NQ_8fb61291-c6e4-447a-8db9-4dd5855bdca7">The following table provides quantitative information about the significant unobservable inputs used in the valuation of our Level 3 assets and liabilities measured at fair value.&lt;div style="margin-bottom:9pt;margin-top:3pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.7 &#x2013; Fair Value Methodology for Level 3 Financial Instruments&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:14pt;margin-top:8pt;text-align:justify"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:24.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.761%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:27.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:6.261%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.466%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:6.261%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:3.483%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:6.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:3.488%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="21" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Input Values&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:24pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands, except Input Values)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Unobservable Input&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Range&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Weighted &lt;/span&gt;&lt;/div&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Average&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Residential loans, at fair value:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Jumbo fixed-rate loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;422,819&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Whole loan spread to TBA price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Whole loan spread to swap rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;250&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;250&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;250&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Jumbo loans committed to sell&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;573,657&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Whole loan committed sales price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;100.68&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;103.28&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;101.50&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Loans held by Legacy Sequoia &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;274,861&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Liability price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Loans held by Sequoia Choice &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,276,112&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Liability price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Loans held by Freddie Mac SLST &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,154,351&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Liability price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Business purpose loans:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Single-family rental loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;333,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Senior credit spread&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Subordinate credit spread&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;120&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,598&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;312&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Senior credit support&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;33&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;33&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;33&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;IO discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Non-securitizable loan dollar price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;86&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;102&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;99&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Single-family rental loans held by CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,212,526&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Liability price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Bridge loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;626,484&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:125%"&gt;Multifamily loans held by Freddie Mac K-Series &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:125%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Liability price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Trading and AFS securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;364,320&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;27&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;65&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Default rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Loss severity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;50&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;CRT dollar price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;90&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;112&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;98&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Servicer advance investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;206,525&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Expected remaining life &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;years&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;years&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Mortgage servicing income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,945&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;100&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Per loan annual cost to service&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Excess MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Excess mortgage servicing income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 5.7 &#x2013; Fair Value Methodology for Level 3 Financial Instruments (continued)&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:24.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.761%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:27.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:6.261%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.466%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:6.261%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:3.483%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:6.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:3.488%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="21" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Input Values&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:26pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands, except Input Values)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Unobservable Input&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Range&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Weighted &lt;/span&gt;&lt;/div&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Average &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Assets (continued)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Shared home appreciation options&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,823&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;24&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Home price appreciation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;REO&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,316&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Loss severity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;53 %&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Residential loan purchase commitments, net &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;33,942&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Committed sales price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;98.53&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;102.15&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;100.13&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Pull-through rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;22&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;100&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;76&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Whole loan spread to TBA price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Whole loan spread to swap rate &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;250&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;250&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;250&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;bps&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;MSR multiple&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;x&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;x&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;ABS issued &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;:&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;At consolidated Sequoia entities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,325,920&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#160;% &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;54&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Default rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Loss severity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;50&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#160;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;At consolidated Freddie Mac SLST entities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,725,235&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Default rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Loss severity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;35&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;35&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;35&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;At consolidated Freddie Mac K-Series entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(4)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;460,565&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;&#160;% &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;At consolidated CAFL entities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline"&gt;(4)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,963,752&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Discount rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Prepayment rate (annual CPR)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Default rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"&gt;Loss severity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;-&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;The weighted average input values for all loan types are based on the unpaid principal balance. The weighted average input values for all other assets and liabilities are based on relative fair value. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities. At March&#160;31, 2021, the fair value of securities we owned at the consolidated Sequoia, Freddie Mac SLST, Freddie Mac K-Series, and CAFL entities was $226 million, $431 million, $29 million, and $261 million, respectively.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%"&gt;(3)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:8.68pt"&gt;Represents the estimated average duration of outstanding servicer advances at a given point in time (not taking into account new advances made with respect to the pool). &lt;/span&gt;&lt;/div&gt;(4)As a market convention, certain securities are priced to a no-loss yield and therefore do not include default and loss severity assumptions.</us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock>
    <us-gaap:DebtInstrumentFairValue
      contextRef="i0ee3d98035cb4da7968ce0091d58c5b4_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNS0yLTEtMS0w_1235b92c-71bf-492a-bdae-cea5a85b59e0"
      unitRef="usd">422819000</us-gaap:DebtInstrumentFairValue>
    <us-gaap:LoansHeldForSaleMeasurementInput
      contextRef="icbdcb0fb2ba747cb9508fab8f4155c4a_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNS02LTEtMS0w_2df44f02-1dd1-4068-b282-6c20dac5606d"
      unitRef="usdPerLoan">0.20</us-gaap:LoansHeldForSaleMeasurementInput>
    <us-gaap:LoansHeldForSaleMeasurementInput
      contextRef="ia2943ece51434b07bde22da81b160e1e_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNS04LTEtMS0w_e0d14ce3-c17f-4d30-8730-c5408c8efa39"
      unitRef="usdPerLoan">0.20</us-gaap:LoansHeldForSaleMeasurementInput>
    <us-gaap:LoansHeldForSaleMeasurementInput
      contextRef="i9a333eab9840489c82aa2a7cd59377c0_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNS0xMS0xLTEtMA_6f4d526e-8be9-4332-a0f9-b0d05872a615"
      unitRef="usdPerLoan">0.20</us-gaap:LoansHeldForSaleMeasurementInput>
    <us-gaap:LoansHeldForSaleMeasurementInput
      contextRef="i4b5408b9b5034da8b37e9ebd5f0aa219_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNi02LTEtMS0w_f3eba721-66a6-4674-b07c-0aeb7579eb94"
      unitRef="usdPerLoan">3.75</us-gaap:LoansHeldForSaleMeasurementInput>
    <us-gaap:LoansHeldForSaleMeasurementInput
      contextRef="ie485ee8d41ec4bf89d5cebf51c4c48ba_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNi04LTEtMS0w_6baebbcb-c6c4-4d4d-8697-6f89e481ebec"
      unitRef="usdPerLoan">3.75</us-gaap:LoansHeldForSaleMeasurementInput>
    <us-gaap:LoansHeldForSaleMeasurementInput
      contextRef="ife4a9a19e61e4410990e31db9c851544_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNi0xMS0xLTEtMA_7fc34287-6ea0-4b98-bee9-c2aba643b3f4"
      unitRef="usdPerLoan">3.75</us-gaap:LoansHeldForSaleMeasurementInput>
    <us-gaap:LoansHeldForSaleMeasurementInput
      contextRef="i75864e80b25b497ba0560cf4150b8d5d_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNy02LTEtMS0w_7f5d7338-2308-4787-85e4-1f3cec03cac6"
      unitRef="usdPerLoan">0.0250</us-gaap:LoansHeldForSaleMeasurementInput>
    <us-gaap:LoansHeldForSaleMeasurementInput
      contextRef="if2744578eb4d4cd1a068ea57fe19c70e_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNy04LTEtMS0w_bc72e75d-ce58-4c13-876c-77a41e8a27c5"
      unitRef="usdPerLoan">0.0250</us-gaap:LoansHeldForSaleMeasurementInput>
    <us-gaap:LoansHeldForSaleMeasurementInput
      contextRef="i51e767e2b9fc47808d7d1fc9c5dc9d18_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNy0xMS0xLTEtMA_25c394e0-0d9e-46cd-a910-3736b0766c52"
      unitRef="usdPerLoan">0.0250</us-gaap:LoansHeldForSaleMeasurementInput>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="ibfa7d40c720a4d20bafa4f7371844161_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMTMtMi0xLTEtMA_8577d69d-daa7-4c71-9480-4b83f395b5cf"
      unitRef="usd">573657000</us-gaap:LoansReceivableFairValueDisclosure>
    <us-gaap:LoansHeldForSaleMeasurementInput
      contextRef="i7b23e1d0b9304ed2a2c7a738dafa88e5_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMTMtNi0xLTEtMA_085c365c-c1c9-48fa-9b8c-80bdf961b9a0"
      unitRef="usdPerLoan">100.68</us-gaap:LoansHeldForSaleMeasurementInput>
    <us-gaap:LoansHeldForSaleMeasurementInput
      contextRef="i678fff1b0ab7458db531039d0f9b3d28_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMTMtOC0xLTEtMA_a5a06536-09cb-4a02-ad89-74db0a19493e"
      unitRef="usdPerLoan">103.28</us-gaap:LoansHeldForSaleMeasurementInput>
    <us-gaap:LoansHeldForSaleMeasurementInput
      contextRef="i8bfebd39ebf74475946be66d85fdf4c8_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMTMtMTEtMS0xLTA_ea722f51-9f5f-4c05-8ed8-cc2685e4373e"
      unitRef="usdPerLoan">101.50</us-gaap:LoansHeldForSaleMeasurementInput>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="iddb67c4cfb9b456ab539bb8767f2e1a5_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjAtMi0xLTEtMA_c4eb3eaf-4b68-47e2-bc24-e2e17f65aeed"
      unitRef="usd">274861000</us-gaap:LoansReceivableFairValueDisclosure>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="i29fdfd2c858c4bda906eec4fd4c96fb6_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjItMi0xLTEtMA_56fa7fc4-aff3-4b9e-98f8-5ea86510ce0f"
      unitRef="usd">1276112000</us-gaap:LoansReceivableFairValueDisclosure>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="idec18207f874420fbfb5e9e36e7165d7_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjQtMi0xLTEtMA_ab0007d0-47f2-4e05-8a5e-7f10361779cc"
      unitRef="usd">2154351000</us-gaap:LoansReceivableFairValueDisclosure>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="i1c8d373b310b467ea1cdc991c0bec57d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjctMi0xLTEtMA_47bd3443-5b9f-4341-8c85-82b46325fa4f"
      unitRef="usd">333110000</us-gaap:LoansReceivableFairValueDisclosure>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i8a62f83a22d341ff8b06826b382575e3_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjctNi0xLTEtMA_39f8e85d-6cee-4b28-b057-0a9a60247c96"
      unitRef="usdPerLoan">0.0075</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="iae8924b817a84204ad9675d14e756fa8_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjctOC0xLTEtMA_18f4bd18-46d1-4efa-af63-1cebbccc56c4"
      unitRef="usdPerLoan">0.0075</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i418060995dbb47188dae861fee9eb5e8_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjctMTEtMS0xLTA_8618bdea-95b3-4b15-b581-803747aa1140"
      unitRef="usdPerLoan">0.0075</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i9962ebf7845f400b82c2ccb33d6b6639_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjgtNi0xLTEtMA_b22babaa-0e39-4ed6-961f-436448d2bf63"
      unitRef="usdPerLoan">0.0120</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i51ef20c02f424ad493e25f1dc5e8450c_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjgtOC0xLTEtMA_360c42f1-0a5e-4e75-9652-a4b298ae82b2"
      unitRef="usdPerLoan">0.1598</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i17192ee05247424cb8b5813a1862eace_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjgtMTEtMS0xLTA_e85cf50c-7fd9-48fe-b359-ef5773324cf4"
      unitRef="usdPerLoan">0.0312</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i7e4dd59b244445ccbea49b26bcbcba5c_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjktNi0xLTEtMA_00f4bfd8-b472-447f-a56f-a333bfa1bbf6"
      unitRef="number">0.33</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i684823efbdb2469b9c2e1dbc3dfe28eb_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjktOC0xLTEtMA_fdd0dfa8-b995-4c09-9fa6-6b2a71117912"
      unitRef="number">0.33</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="iecd6f97fd78b477ca11e1bd32b36faff_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMjktMTEtMS0xLTA_03830f17-43db-4f01-b595-819dac6f5526"
      unitRef="number">0.33</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i03d29512e8fb486ea37c82a19a36cccd_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzAtNi0xLTEtMA_313e1799-2e44-4324-afa5-ec968779cbae"
      unitRef="number">0.07</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i020799ab96b94e0aa3aac3a4832b5e54_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzAtOC0xLTEtMA_40a89aa5-a7d4-4e2f-b99d-a70589b7e5eb"
      unitRef="number">0.10</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="ic6d0acd4f7784cbaac020cbfba22d7f9_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzAtMTEtMS0xLTA_7e3471c7-cf22-4f6a-87db-8dfe987c2b58"
      unitRef="number">0.08</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="icff1167759144b98a0a8e5cbb52c4d7e_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzEtNi0xLTEtMA_978850e6-97b2-4965-a582-7200b5a32fbf"
      unitRef="number">0.03</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i8192c5448cb54790b3122af2590299da_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzEtOC0xLTEtMA_6bc884cc-2184-4526-86e6-3af2d5b1435e"
      unitRef="number">0.03</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i490086439f054bf88407d7f7f68cac58_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzEtMTEtMS0xLTA_bb41fd25-8bd3-4f34-a995-2c7eb7befff8"
      unitRef="number">0.03</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="ifcd0600cbfe840c7a1b12f8e47f41296_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzItNi0xLTEtMA_0025197c-7b29-41ad-98d3-d1c4e918eaa8"
      unitRef="number">86</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i868b4bb6ebe748ef870df6604f310630_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzItOC0xLTEtMA_4c9844d6-0302-4d42-8c65-b9057376500c"
      unitRef="number">102</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i397d263a8f764353863c46d708355ebc_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzItMTEtMS0xLTA_ebda184e-e674-4c13-b487-8a5268b8a367"
      unitRef="number">99</rwt:LoansReceivableMeasurementInput>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="ie4fbd53d51ae4d3da6d11bac17706b9d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzQtMi0xLTEtMA_1000943d-8213-4fea-be3a-53929dec6ebd"
      unitRef="usd">3212526000</us-gaap:LoansReceivableFairValueDisclosure>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="id912454a936643afab07a01fabc14d9b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzYtMi0xLTEtMA_5afa8734-3b01-451d-bf6b-25d3f36b86d3"
      unitRef="usd">626484000</us-gaap:LoansReceivableFairValueDisclosure>
    <rwt:LoansHeldForInvestmentMeasurementInput
      contextRef="i7c6e31a9247b4e8794e291cdb22d1d70_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzYtNi0xLTEtMA_5271f142-43de-42c0-839e-d614b64b13ca"
      unitRef="number">0.06</rwt:LoansHeldForInvestmentMeasurementInput>
    <rwt:LoansHeldForInvestmentMeasurementInput
      contextRef="i0226f25d64af423a908e4e1305030b0e_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzYtOC0xLTEtMA_3517e9bc-a183-47b4-8ad3-3edd9de2129b"
      unitRef="number">0.15</rwt:LoansHeldForInvestmentMeasurementInput>
    <rwt:LoansHeldForInvestmentMeasurementInput
      contextRef="i5ca34874202c47e685ab6631b5cdd6a7_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzYtMTEtMS0xLTA_c86845e2-24ac-42de-b4a9-afaa8188950a"
      unitRef="number">0.08</rwt:LoansHeldForInvestmentMeasurementInput>
    <us-gaap:LoansReceivableFairValueDisclosure
      contextRef="i82ab6b4223b44ae0a81344a41f1476ff_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfMzktMi0xLTEtMA_9364f55f-e432-4d74-9ac8-14f692809858"
      unitRef="usd">489545000</us-gaap:LoansReceivableFairValueDisclosure>
    <rwt:DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure
      contextRef="i4567e7c1ff584831a73e3d96b7bdb140_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDMtMi0xLTEtMA_edf3404c-7157-43ee-8db6-47ba0f00f3e0"
      unitRef="usd">364320000</rwt:DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure>
    <rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput
      contextRef="i92e3784a2fde42c2ae02c1f22a15df82_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDMtNi0xLTEtMA_68fbafa1-7fb4-4ad8-9746-30ac7d8471cb"
      unitRef="number">0.03</rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput>
    <rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput
      contextRef="i78614cf4472344a285dd0b71b2ae61ff_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDMtOC0xLTEtMA_da7d3b89-747b-4a6a-9ed3-be4b4bc2c875"
      unitRef="number">0.27</rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput>
    <rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput
      contextRef="i143f9c522ab347f1bbabc31229c62cf8_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDMtMTEtMS0xLTA_2de6679e-e36e-46c8-a24f-bc728ad6e6a1"
      unitRef="number">0.08</rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput>
    <rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput
      contextRef="i5d785b8f6d1f473cb72541c54dd839bd_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDQtNi0xLTEtMA_2fca6a0d-3db6-4884-8a02-f3a73e803722"
      unitRef="number">0.07</rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput>
    <rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput
      contextRef="i3c5d08a512fb4472aa074948714c6701_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDQtOC0xLTEtMA_7c0ae6ae-2564-4ca9-9e8f-825a5cb4e8b1"
      unitRef="number">0.65</rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput>
    <rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput
      contextRef="ic126ef854e284adf8b73200e75c0c0e1_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDQtMTEtMS0xLTA_3a8c62de-4b63-4916-ba02-608592533424"
      unitRef="number">0.28</rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput>
    <rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput
      contextRef="idff4a4744f924459a5672bbe8e08c7c8_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDUtNi0xLTEtMA_8a45d35f-2370-4b1c-a6aa-740aaa03e81f"
      unitRef="number">0</rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput>
    <rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput
      contextRef="i69b5ca172a5f40839ffd983d2b26503e_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDUtOC0xLTEtMA_52d41473-66a8-44e8-985c-764122c108a5"
      unitRef="number">0.25</rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput>
    <rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput
      contextRef="i2ae6e3329b274b48a1ecf047f2cacb54_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDUtMTEtMS0xLTA_8386d931-52a1-477b-a785-2d5f8afc1105"
      unitRef="number">0.04</rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput>
    <rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput
      contextRef="i699aa63924d54fa597ab071bf67a48f0_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDYtNi0xLTEtMA_f9846dac-07c1-4993-abd0-6ca4748d2f36"
      unitRef="number">0</rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput>
    <rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput
      contextRef="i8e1283db113d4630bd2f571c19c4116b_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDYtOC0xLTEtMA_8416808f-3a56-42e6-8ce1-4426905028c9"
      unitRef="number">0.50</rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput>
    <rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput
      contextRef="iac78202e18c24ed79f3b0c1c41cdfde4_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDYtMTEtMS0xLTA_2e7b25b8-45b9-4f15-85dd-c0ce60dbca30"
      unitRef="number">0.20</rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput>
    <rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput
      contextRef="ib24b86f2b4454f56806465dff653dad6_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDctNi0xLTEtMA_d270fb1a-44a2-4d3f-88eb-124c151f4e9f"
      unitRef="number">90</rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput>
    <rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput
      contextRef="ic2d48f3c9a144b5f965119a0306f2940_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDctOC0xLTEtMA_5e39065b-c97a-4105-ba07-e174e5d50d41"
      unitRef="number">112</rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput>
    <rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput
      contextRef="i45efa44df7504bc6a7e1c5def2a597aa_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDctMTEtMS0xLTA_4921cd3a-ee13-4bd3-ad32-318b4c58459c"
      unitRef="number">98</rwt:DebtSecuritiesTradingAndAvailableforsaleMeasurementInput>
    <us-gaap:ServicingAsset
      contextRef="ifdd05b0e653a49e9afdb552c47a636a2_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDktMi0xLTEtMA_d0cb610b-bac8-4c30-805a-f987faf23d34"
      unitRef="usd">206525000</us-gaap:ServicingAsset>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i215dd190deea459583e7e29a448045f2_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDktNi0xLTEtMA_981939fa-eb05-442f-9d63-3588c48abd6d"
      unitRef="number">0.03</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i44d7b4c63b15424f9097781c0e7ec02d_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDktOC0xLTEtMA_2ddb2562-24ca-423e-be7b-0699cef9a833"
      unitRef="number">0.03</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i3dae92249c6d4eeababe9ceaa9cc95a8_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNDktMTEtMS0xLTA_2aec0d52-6f7e-4313-b1f7-fc892d4616f7"
      unitRef="number">0.03</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i8ec7951f03914b30980f2098b809e5ec_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTAtNi0xLTEtMA_243a426f-13ad-4bc5-8109-ac8b64d4c812"
      unitRef="number">0.20</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="ie7730bfa91fb4b05920ea6819706215e_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTAtOC0xLTEtMA_f734a88e-58b8-4cd7-be68-3479cd3d6318"
      unitRef="number">0.30</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i3815dbd2c42c46ddb7cb7a462154cf19_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTAtMTEtMS0xLTA_aaa7ae25-f7cb-4bd3-b5a9-28be47af0d2c"
      unitRef="number">0.20</us-gaap:ServicingAssetMeasurementInput>
    <rwt:ServicingAssetExpectedRemainingLife
      contextRef="i57ac027037d54bbf8a68d12f5031b907_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTEtNi0xLTEtMA_eced3904-64a4-4ef7-9ac1-99da745e3ac5">P4Y</rwt:ServicingAssetExpectedRemainingLife>
    <rwt:ServicingAssetExpectedRemainingLife
      contextRef="i5d1efaca097c447d96e09ede5c8eaff6_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTEtOC0xLTEtMA_e8872e8c-9ae6-462e-a9ef-91ae4d374302">P4Y</rwt:ServicingAssetExpectedRemainingLife>
    <rwt:ServicingAssetExpectedRemainingLife
      contextRef="id76db041723648ccba8adfd0332fc782_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTEtMTEtMS0xLTA_4dc1cd7e-57f2-432a-951a-c3a51acfa84d">P4Y</rwt:ServicingAssetExpectedRemainingLife>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i2f0a006c820d420891b5263b7f55044d_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTItNi0xLTEtMA_8c53e43b-9497-4dfb-b584-95050bdd3eb2"
      unitRef="usdPerLoan">0</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i968f1888201d4e76986fc5c083e9cbf7_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTItOC0xLTEtMA_9dea2d69-be4e-4b43-930d-a2f448f01ef0"
      unitRef="usdPerLoan">0.0014</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i2d2db33889bc4949a597babdc29e878f_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTItMTEtMS0xLTA_ce3c2655-d691-4079-84ba-9be46229f037"
      unitRef="usdPerLoan">0.0008</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAsset
      contextRef="ia863a4ea907945e4985e729e98137856_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTQtMi0xLTEtMA_88b7c8e4-562e-47e1-a212-962c83ddd88b"
      unitRef="usd">7945000</us-gaap:ServicingAsset>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i0a1094e2805646d4b70fbae0c6d12812_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTQtNi0xLTEtMA_8fabb090-1443-4546-9d72-a9dcf619cd51"
      unitRef="number">0.12</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="ibefabf92a45140b583e6903e20ceb90a_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTQtOC0xLTEtMA_7788a33f-c37a-4c2c-97ee-96551c6f2ee8"
      unitRef="number">0.12</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i8e985582b19042e9b0a9fdb29f44a7d0_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTQtMTEtMS0xLTA_56259139-3249-48a6-8dff-26380ae58adc"
      unitRef="number">0.12</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i6214548988654f8f8fb7e3b28229153b_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTUtNi0xLTEtMA_03613543-cd44-4c88-85e1-5343e68731a6"
      unitRef="number">0.09</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i6053e3732a8040fc9a6a8d4077c5bfd1_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTUtOC0xLTEtMA_cc810058-ee19-4282-ae33-675ac89df5ff"
      unitRef="number">1</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="ib31a96f073fa4e9d8d7f45391c18de8c_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTUtMTEtMS0xLTA_d9d26c11-867f-440d-a77d-2e7a9921dde0"
      unitRef="number">0.39</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="ia7f5faca14884778bf9e05a519edf4e5_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTYtNi0xLTEtMA_f9b9faad-759b-4ba2-b31e-bf6c1b78ddf0"
      unitRef="usdPerLoan">97</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i95ff9c378bbd4d64bf5eec8913aca1bf_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTYtOC0xLTEtMA_6e7c5a3f-fcb1-432c-a174-61275ee7d210"
      unitRef="usdPerLoan">97</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i50e08af1537d41229805777dfc5725bf_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTYtMTEtMS0xLTA_88aa1ea6-cb0a-410d-adc0-a03e477ac74c"
      unitRef="usdPerLoan">97</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAsset
      contextRef="ia34e5b2765934a8caca5d6560b7325f0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTgtMi0xLTEtMA_67fe1c10-ac4f-490e-a19f-69694c5b0df3"
      unitRef="usd">32465000</us-gaap:ServicingAsset>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i4d0eea414bb54b489fb2911b083ef258_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTgtNi0xLTEtMA_898ac4b7-b375-4ef8-8848-02fbe130bd24"
      unitRef="number">0.14</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i6c5a6067b08a4d14a278b24422fb5992_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTgtOC0xLTEtMA_658c79a6-c654-4153-bdc9-c9d169afedb6"
      unitRef="number">0.17</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i138a9816039c442f906fd29a3900c79e_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTgtMTEtMS0xLTA_e8eb3d5d-6193-4897-baf0-dde31b63923c"
      unitRef="number">0.16</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="if21a348b2949475f984a6877eb1cfe04_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTktNi0xLTEtMA_79cefdaa-9140-4d6e-be27-9a64bd2d4260"
      unitRef="number">0.20</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i53205fa8204540f9aa956681d9589673_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTktOC0xLTEtMA_97869a20-45ed-4190-aa70-7be855c6ee9c"
      unitRef="number">0.28</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="ie8bd3b79ccd8405a807b0eed61b7dfab_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNTktMTEtMS0xLTA_1a583254-42af-4e05-9cce-0e63991c915b"
      unitRef="number">0.23</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="id3b7b86ea6ea4cc1bc6d1811f662ed42_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNjAtNi0xLTEtMA_2eb75bca-3311-4967-b04b-f19f3584d3a4"
      unitRef="usdPerLoan">0.0008</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="i8c3ce7463dff4cc088969a83401004b7_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNjAtOC0xLTEtMA_3159e653-a5f2-4781-a89c-59374f1eaede"
      unitRef="usdPerLoan">0.0017</us-gaap:ServicingAssetMeasurementInput>
    <us-gaap:ServicingAssetMeasurementInput
      contextRef="ia1ae828c392744de9860f2cd85f127c7_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjE1MWNkN2NkNDg4MzQ3NGQ4ZjU2NGY3NzU5ZjJhYTgxL3RhYmxlcmFuZ2U6MTUxY2Q3Y2Q0ODgzNDc0ZDhmNTY0Zjc3NTlmMmFhODFfNjAtMTEtMS0xLTA_4a5b1f65-6d8b-409b-9a7d-a2a1041498d3"
      unitRef="usdPerLoan">0.0011</us-gaap:ServicingAssetMeasurementInput>
    <rwt:HomeAppreciationOptionsFairvalueDisclosure
      contextRef="i054a7222e5b2414aabfc40a8dfae03dc_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTEtMi0xLTEtMA_ca3c198d-00c0-4100-95c3-300b8abc1484"
      unitRef="usd">45823000</rwt:HomeAppreciationOptionsFairvalueDisclosure>
    <rwt:HomeAppreciationOptionsMeasurementInput
      contextRef="ida922bf88c444fd3b07c1378f2051fda_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTEtNi0xLTEtMA_f7db8716-faa4-4db6-826f-fa11e1dbe0cc"
      unitRef="number">0.13</rwt:HomeAppreciationOptionsMeasurementInput>
    <rwt:HomeAppreciationOptionsMeasurementInput
      contextRef="i7732371e1f3342d092c8f846ffe748b7_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTEtOC0xLTEtMA_d216d9ea-27b8-44b1-9778-5787f191a039"
      unitRef="number">0.13</rwt:HomeAppreciationOptionsMeasurementInput>
    <rwt:HomeAppreciationOptionsMeasurementInput
      contextRef="i9213504683e840bfa33ca45408a91e8c_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTEtMTEtMS0xLTA_518dd83b-7329-4347-8f19-af9077185fc2"
      unitRef="number">0.13</rwt:HomeAppreciationOptionsMeasurementInput>
    <rwt:HomeAppreciationOptionsMeasurementInput
      contextRef="id83c1c99c05c4df2801c3d95180d76d1_I20200331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTItNi0xLTEtMA_523dac95-0c18-4c79-8b4a-cd2c37741123"
      unitRef="number">0.14</rwt:HomeAppreciationOptionsMeasurementInput>
    <rwt:HomeAppreciationOptionsMeasurementInput
      contextRef="i3b03111b8a864af187a582358d1b7cbd_I20200331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTItOC0xLTEtMA_6169c400-d852-4940-ae9c-bfc3de7a2cf4"
      unitRef="number">0.24</rwt:HomeAppreciationOptionsMeasurementInput>
    <rwt:HomeAppreciationOptionsMeasurementInput
      contextRef="i10adb3b5859548198bc0babc16a059c4_I20200331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTItMTEtMS0xLTA_7d90f9ea-b21e-4ebc-b01a-7b3bc8c4baf8"
      unitRef="number">0.17</rwt:HomeAppreciationOptionsMeasurementInput>
    <rwt:HomeAppreciationOptionsMeasurementInput
      contextRef="ibcef6a9069984d4f9ceb53b1374930ca_I20200331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTMtNi0xLTEtMA_3b4aa428-c117-49f6-841d-2a050bb8f9c8"
      unitRef="number">0.03</rwt:HomeAppreciationOptionsMeasurementInput>
    <rwt:HomeAppreciationOptionsMeasurementInput
      contextRef="ief4dfcfff1ac499fa7b87d31e9eed9a6_I20200331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTMtOC0xLTEtMA_472e9031-fd06-4f40-8638-8927bc64b754"
      unitRef="number">0.04</rwt:HomeAppreciationOptionsMeasurementInput>
    <rwt:HomeAppreciationOptionsMeasurementInput
      contextRef="i5a054cdbec364536ae0c31e23cc4a77a_I20200331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTMtMTEtMS0xLTA_91cd2500-d9b5-4820-b048-d767805ad6d2"
      unitRef="number">0.03</rwt:HomeAppreciationOptionsMeasurementInput>
    <us-gaap:OtherRealEstate
      contextRef="ie9e2431273f2441883c2a904844710e6_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTgtMi0xLTEtMA_fb59ee08-b9c1-4c68-bf01-c0bd8ea76293"
      unitRef="usd">1316000</us-gaap:OtherRealEstate>
    <us-gaap:OtherRealEstateOwnedMeasurementInput
      contextRef="i86ae115dc2114fc9b494660e928c1db5_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTgtNi0xLTEtMA_e5e4f2c4-0e9e-4c92-8f87-251a3deeffdb"
      unitRef="number">0.04</us-gaap:OtherRealEstateOwnedMeasurementInput>
    <us-gaap:OtherRealEstateOwnedMeasurementInput
      contextRef="ie4fa64084a1e4850a2118666dcd30fc2_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTgtOC0xLTEtMA_d282db41-2898-4003-9970-002d9f5cf4dc"
      unitRef="number">0.53</us-gaap:OtherRealEstateOwnedMeasurementInput>
    <us-gaap:OtherRealEstateOwnedMeasurementInput
      contextRef="i3ea305994bed4986a38198bf6598a414_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNTgtMTEtMS0xLTA_f5d0b905-e7e3-4d5f-8191-401412739ee1"
      unitRef="number">0.25</us-gaap:OtherRealEstateOwnedMeasurementInput>
    <rwt:LoanPurchaseCommitmentsFairValueDisclosure
      contextRef="ic28a18ea6fe74c08807287a6d10870e7_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzItMi0xLTEtNTQ3NQ_d4b0b80a-f8a6-4071-9fa9-74190b58d77d"
      unitRef="usd">33942000</rwt:LoanPurchaseCommitmentsFairValueDisclosure>
    <us-gaap:DerivativeLiabilityMeasurementInput
      contextRef="i69ece40963d844bc9ed5e46082474b26_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzItNi0xLTEtNTQ3NQ_f38033b9-0d19-4335-9726-3373aebdc950"
      unitRef="number">98.53</us-gaap:DerivativeLiabilityMeasurementInput>
    <us-gaap:DerivativeLiabilityMeasurementInput
      contextRef="ice05681b595f4abeaad4e319e0ddec41_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzItOC0xLTEtNTQ3NQ_df209cff-da4e-475f-9aef-9e12ebb2d781"
      unitRef="number">102.15</us-gaap:DerivativeLiabilityMeasurementInput>
    <us-gaap:DerivativeLiabilityMeasurementInput
      contextRef="id824f289f5854d9982e9c8b768daf87b_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzItMTEtMS0xLTU0NzU_9747f66e-ee3c-4039-baaa-269db4bdb479"
      unitRef="number">100.13</us-gaap:DerivativeLiabilityMeasurementInput>
    <us-gaap:DerivativeLiabilityMeasurementInput
      contextRef="i626549e91c814b36900ace37b88df775_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzMtNi0xLTEtNTQ3NQ_2e06b25a-ea6e-4c8f-bce2-5ed41c8a72a1"
      unitRef="number">0.22</us-gaap:DerivativeLiabilityMeasurementInput>
    <us-gaap:DerivativeLiabilityMeasurementInput
      contextRef="i42c9cf240d1540da845a07ceb8fd0179_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzMtOC0xLTEtNTQ3NQ_77aefdcc-b843-4140-9a4d-cf7303e358d1"
      unitRef="number">1</us-gaap:DerivativeLiabilityMeasurementInput>
    <us-gaap:DerivativeLiabilityMeasurementInput
      contextRef="i79c96b5891f3499293f790c18fd45382_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzMtMTEtMS0xLTU0NzU_f1f08662-bb37-4388-bb4e-af6950f195e5"
      unitRef="number">0.76</us-gaap:DerivativeLiabilityMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="if82680b8eb4c4a97a6df10fb75845ca6_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzQtNi0xLTEtNTQ3NQ_f202a3fa-ecbb-4fbe-883e-6388d8017229"
      unitRef="usdPerLoan">3.75</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i7112ee23e6e0446d8b93b4f26581fe56_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzQtOC0xLTEtNTQ3NQ_5be9d046-0cf7-4c83-9343-59a1b9d1e25e"
      unitRef="usdPerLoan">3.75</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="ic12e10fec58540c09080d2b66c9bfe59_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzQtMTEtMS0xLTU0NzU_6cc26a09-d6eb-49e9-8db1-81968992490b"
      unitRef="usdPerLoan">3.75</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="idf8f33b191f04c058836ffbcf28be1ae_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzUtNi0xLTEtNTQ3NQ_9ec2d924-e9b8-4506-b52a-8dd5ba0854fb"
      unitRef="usdPerLoan">0.0250</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i26d46ecdd68e49ffb164dbada15f3c58_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzUtOC0xLTEtNTQ3NQ_ee24f064-091b-4ebf-84ee-ae366e4f7e69"
      unitRef="usdPerLoan">0.0250</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i2b9942a55eb84be68da93df7931969ee_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzUtMTEtMS0xLTU0NzU_836630f8-2748-48e1-9eb8-a86b6afcc4de"
      unitRef="usdPerLoan">0.0250</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i6c3fd2b941a14426bea30014e994d5d9_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzYtNi0xLTEtNTQ3NQ_b40d7766-3bf4-4c45-9b96-1a15149b54bf"
      unitRef="usdPerLoan">0.20</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i9fd5a2aa9f144a339872e9468900b690_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzYtOC0xLTEtNTQ3NQ_a400983d-b3e8-4aa8-98f1-675259428a96"
      unitRef="usdPerLoan">0.20</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i62bcd27fea224f64b8785ee87e0cc89b_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzYtMTEtMS0xLTU0NzU_8449299d-b270-43b7-947c-b554dd1c6245"
      unitRef="usdPerLoan">0.20</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="ia20e4788e83845e3a57acfaf595afa63_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzctNi0xLTEtNTQ3NQ_e69a07ae-4079-47be-87a4-8b92190d541f"
      unitRef="usdPerLoan">0</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="i088f6cc404364382b8d1f40f09c6bea9_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzctOC0xLTEtNTQ3NQ_758659f2-f07c-4e99-9189-3c74fd1ac1f2"
      unitRef="usdPerLoan">3.8</rwt:LoansReceivableMeasurementInput>
    <rwt:LoansReceivableMeasurementInput
      contextRef="ia19026e6cad04e12aa38ed2b2ece068e_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzctMTEtMS0xLTU0NzU_fab2d3b4-63f6-4407-afd1-d8d228ea21e6"
      unitRef="usdPerLoan">2.8</rwt:LoansReceivableMeasurementInput>
    <us-gaap:ServicingLiabilityAtFairValueAmount
      contextRef="ib56752672d8e4f2b814e37b33e12b4d0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzYtMi0xLTEtMA_e86e6301-d90f-4aaa-8e5a-0ef85f794f41"
      unitRef="usd">1325920000</us-gaap:ServicingLiabilityAtFairValueAmount>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="icc6d718df1144507ace50bf74fe3515f_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzYtNi0xLTEtMA_46c3b38a-c5e9-43a9-8597-7227aa1519a4"
      unitRef="number">0.01</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="icddbf733ee254c36a4fad6d5a2a5bb2f_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzYtOC0xLTEtMA_1744456f-f8dc-4f15-92c7-8848d0ce4ad4"
      unitRef="number">0.19</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i7d0d561ca8e246ebbe514f51fcd08955_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzYtMTEtMS0xLTA_2e3b3a7a-b2f9-468e-9989-12f9f1906006"
      unitRef="number">0.03</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i8fc32305fc8348c5b4feb4b8c72749fe_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzctNi0xLTEtMA_b617f4c9-8088-416b-8b37-58a68bc5ef3a"
      unitRef="number">0.08</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i73be6b5881ca4ec0b40fd17fed932507_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzctOC0xLTEtMA_a304c23a-c955-4af1-8acc-de7851019b44"
      unitRef="number">0.54</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="idd24fb4d10504b42a5a5698dfb61c3cb_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzctMTEtMS0xLTA_1f941c66-d87f-4e4b-a759-0ebeab5238ea"
      unitRef="number">0.31</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="idf4baaa9b6a647aab31b3beac9787fd2_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzgtNi0xLTEtMA_a4383ca4-b715-44b3-89f7-c574e040cfa4"
      unitRef="number">0</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i43d2a1eacd3d4b089549442c45c3e488_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzgtOC0xLTEtMA_d3bf56f2-3bc3-429c-8c68-cd6bee513947"
      unitRef="number">0.31</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="idf943e051b434fabae25951311db0f73_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzgtMTEtMS0xLTA_488fee9f-7b42-403f-bbd6-297b8420eb7b"
      unitRef="number">0.02</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i4c50b95486034024b5f964819219e06c_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzktNi0xLTEtMA_5135defd-adb0-49c5-8d2c-1228e1c7ac6f"
      unitRef="number">0.30</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i83c1e13f88a74c0fb18eb402f0e98058_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzktOC0xLTEtMA_fbc45dd8-f4ed-474d-874e-58d8f4a73bc0"
      unitRef="number">0.50</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="idf7eed3315d04cc3ae29073ea291236c_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfNzktMTEtMS0xLTA_8e93a55d-9a3c-4b49-8d34-be64957ba8c0"
      unitRef="number">0.32</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityAtFairValueAmount
      contextRef="if532c95c599b4ebfa8cdf5a3a90869cc_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODEtMi0xLTEtMA_4be2a178-0012-4fcc-b8a5-83f2ba5314a5"
      unitRef="usd">1725235000</us-gaap:ServicingLiabilityAtFairValueAmount>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i0f5beeef6664451eb5f5f9e98c80d849_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODEtNi0xLTEtMA_7cdaf909-23c2-407f-8675-c13b95e335f9"
      unitRef="number">0.01</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i0634924bbc4c451da3dc2016f4fc3399_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODEtOC0xLTEtMA_01ee992f-11b6-4195-b56e-6072924ce4ff"
      unitRef="number">0.07</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i86b1f57b7cca41d789bfe5a753f08db9_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODEtMTEtMS0xLTA_f40bae6a-c2d8-4bc3-8cbd-8a8be05ba35e"
      unitRef="number">0.03</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="ia5dafa8594d84c7aa3c291185ac1194f_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODMtNi0xLTEtMA_0b94e97b-10c0-4352-9170-e54c8a843944"
      unitRef="number">0.06</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i79da4495db5f49e68548a53d2584eef4_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODMtOC0xLTEtMA_e7c3c2d5-7dce-438a-b2fa-a21eba10681d"
      unitRef="number">0.08</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="ida5377ba9926497faa4dff45f300b2a4_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODMtMTEtMS0xLTA_c17b679f-18c9-454f-bee2-9ee6ed612a75"
      unitRef="number">0.06</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="ibbe9c349f1ac4876b536baf1749dac72_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODQtNi0xLTEtMA_f75b33c5-d4e2-46da-9bab-bfc75fc12619"
      unitRef="number">0.06</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i1d2cdd046eda42faa69bc22273446d63_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODQtOC0xLTEtMA_9b716e26-1504-4c47-b98e-1daabdbb60b9"
      unitRef="number">0.12</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i8ddf612d08394ea1bfb26b41c0fe448a_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODQtMTEtMS0xLTA_6e3f3562-f2a5-4c4e-af71-c0ac2a2ac29f"
      unitRef="number">0.08</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i5ac9e0b6ed574cfb821956a727b08c08_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODUtNi0xLTEtMA_98903089-00d8-4469-9184-67b81db7cb2f"
      unitRef="number">0.35</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i7b293504a2de4d6fa3ea7e1b84f1ba68_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODUtOC0xLTEtMA_1c30f7f4-1cb2-4966-9272-ef140b448126"
      unitRef="number">0.35</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="ic1b869ac33654db1afaffc64951b5be9_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODUtMTEtMS0xLTA_cc60774b-214f-4a2d-8d33-4002513c073a"
      unitRef="number">0.35</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityAtFairValueAmount
      contextRef="i2fc011be0b57456e80f0e8068e8e2e34_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODctMi0xLTEtMA_26c52a08-e688-4241-9a32-048928453128"
      unitRef="usd">460565000</us-gaap:ServicingLiabilityAtFairValueAmount>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i036ad4465f95491bbdb0a7a033eeab31_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODctNi0xLTEtMA_93f2c571-0ee6-49df-831d-5502460fe82d"
      unitRef="number">0.01</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i021cbbe0a5234298aa27a08a2d76618d_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODctOC0xLTEtMA_8e7ea98a-8d10-4fe0-a84b-f43cef720069"
      unitRef="number">0.10</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="ia730b20a8c4e453fb6d73676544adcf7_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfODctMTEtMS0xLTA_60490c75-fa97-4926-82c3-94a123ba99ee"
      unitRef="number">0.02</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityAtFairValueAmount
      contextRef="i80dd805bbce04f24ae22780ed278cb82_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTMtMi0xLTEtMA_07ddd4ae-fa87-40e2-96cc-e51525327d79"
      unitRef="usd">2963752000</us-gaap:ServicingLiabilityAtFairValueAmount>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i2069819a7e9c4679a8c670bae4d3c646_I20210331"
      decimals="3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTMtNi0xLTEtMA_38291074-5846-4403-9b1d-84127333c11e"
      unitRef="number">0.01</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="ib361b839a722473abb758ef34541830a_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTMtOC0xLTEtMA_023c24a1-5fb7-4be1-9372-c66f2f4a488c"
      unitRef="number">0.20</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i499ed350efbb4176be0a5d4ac19b775c_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTMtMTEtMS0xLTA_78643dda-c648-486c-8729-50ff6dd76b03"
      unitRef="number">0.03</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i57b2d81a7c9e4cf68c6ce2be2a8779e3_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTQtNi0xLTEtMA_ee091b13-4ad6-40ef-9bf5-e3ceb40b97e7"
      unitRef="number">0.03</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="iae569abba44e4142ae30455c462f8da7_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTQtOC0xLTEtMA_560a1b4e-ec2c-4653-9d24-3f76156d937a"
      unitRef="number">0.03</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="ie14cc4e439214a81a4664058bf9eb066_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTQtMTEtMS0xLTA_408ee523-3f18-43d3-9dc1-aeb7d889bff9"
      unitRef="number">0.03</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i6def34246e5547f5aa7c02862067a1ea_I20210331"
      decimals="3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTUtNi0xLTEtMA_304f1a7d-5b21-424d-914c-d60b3752bac1"
      unitRef="number">0.03</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i5e6dc7582f5d4f3f9d89ee24d2655fdd_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTUtOC0xLTEtMA_1a51e858-5306-41cf-8614-09fdbf560a1a"
      unitRef="number">0.17</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="ic06b99e1db364104b6f9067fbd70d81a_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTUtMTEtMS0xLTA_a0be8f80-86f8-48b8-ba47-173ed5010656"
      unitRef="number">0.11</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="ib3a3be262f534043bab22d3ee12951b4_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTYtNi0xLTEtMA_41a96b5f-8fe5-43af-8b9f-13ee04600abb"
      unitRef="number">0.30</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i6ffda7563a964e9a93eedcc659cf8f9a_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTYtOC0xLTEtMA_82386503-6d34-4e40-8442-5a927e709415"
      unitRef="number">0.30</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:ServicingLiabilityMeasurementInput
      contextRef="i3f40db9fad644b7598fc1b3de453fc3d_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RhYmxlOjM1YjkwY2NlYmI4ODRhMTRiNGY3OGFkNDhkZDllNzg0L3RhYmxlcmFuZ2U6MzViOTBjY2ViYjg4NGExNGI0Zjc4YWQ0OGRkOWU3ODRfOTYtMTEtMS0xLTA_2ca822ca-e6cd-477c-9ec2-c94501638cc9"
      unitRef="number">0.30</us-gaap:ServicingLiabilityMeasurementInput>
    <us-gaap:FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue
      contextRef="i29fdfd2c858c4bda906eec4fd4c96fb6_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfNzQ1Mw_0305eec5-5dc7-4fa4-8f84-b20847167c2a"
      unitRef="usd">226000000</us-gaap:FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue>
    <us-gaap:FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue
      contextRef="idec18207f874420fbfb5e9e36e7165d7_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfNzQ1Nw_374ad096-1295-4807-b918-3a2afdada6a2"
      unitRef="usd">431000000</us-gaap:FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue>
    <us-gaap:FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue
      contextRef="i82ab6b4223b44ae0a81344a41f1476ff_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfNzQ2MQ_5504eb6c-d3ac-4e47-b69b-47ffc8d165c3"
      unitRef="usd">29000000</us-gaap:FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue>
    <us-gaap:FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue
      contextRef="ie4fbd53d51ae4d3da6d11bac17706b9d_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80Ni9mcmFnOjM4MWVjZTA2ZWZmNjRhYmViODM5YzNmOTdiZWMwNzI5L3RleHRyZWdpb246MzgxZWNlMDZlZmY2NGFiZWI4MzljM2Y5N2JlYzA3MjlfNzQ2OQ_002c4a7b-a95d-4e98-a699-25c3ee085b97"
      unitRef="usd">261000000</us-gaap:FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue>
    <us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RleHRyZWdpb246ZmFlNjkzOTI0MjA4NGQ1OWJhYjQxZmY3MzNiZDY0NzBfMzI0Mg_9d60b179-0b6b-4b20-937a-a68df8c0232d">Residential Loans&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We acquire residential loans from third-party originators and may sell or securitize these loans or hold them for investment. 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 March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 6.1 &#x2013; Classifications and Carrying Values of Residential Loans&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:29.455%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.099%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-sale at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;996,512&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;996,512&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-investment at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;274,861&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,276,112&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,154,351&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,705,324&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Residential Loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;996,512&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;274,861&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,276,112&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,154,351&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,701,836&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:29.455%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.099%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-sale at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;176,641&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;176,641&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-investment at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;285,935&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,565,322&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,221,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,072,410&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Residential Loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;176,641&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;285,935&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,565,322&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,221,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,249,051&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;At March&#160;31, 2021, we owned mortgage servicing rights associated with $977 million (principal balance) of residential loans owned at Redwood that were purchased from third-party originators. The value of these MSRs is included in the carrying value of the associated loans on our consolidated balance sheets. We contract with licensed sub-servicers that perform servicing functions for these loans.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Residential Loans Held-for-Sale&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;At Fair Value&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table summarizes the characteristics of residential loans held-for-sale at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 6.2 &#x2013; Characteristics of Residential Loans Held-for-Sale&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:61.677%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.816%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.819%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,115&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;198&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;990,841&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;172,748&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;996,512&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;176,641&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Market value of loans pledged as collateral under short-term borrowing agreements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;926,076&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;156,355&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"&gt;Delinquency information&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans with 90+ day delinquencies&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans with 90+ day delinquencies&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans with 90+ day delinquencies&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,223&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,223&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides the activity of residential loans held-for-sale during the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 6.3 &#x2013; Activity of Residential Loans Held-for-Sale&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:68.622%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.344%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.346%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Principal balance of loans acquired&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,096,048&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,629,908&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Principal balance of loans sold&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,275,832&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,656,719&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Net market valuation gains (losses) recorded &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,429&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(13,480)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Net market valuation gains (losses) on residential loans held-for-sale are recorded primarily through Mortgage banking activities, net on our consolidated statements of income (loss).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Residential Loans Held-for-Investment at Fair Value&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We invest in residential subordinate securities issued by Legacy Sequoia, Sequoia Choice and Freddie Mac SLST securitization trusts and consolidate the underlying residential loans owned by these entities for financial reporting purposes in accordance with GAAP. The following tables summarize the characteristics of the residential loans owned at consolidated Sequoia and Freddie Mac SLST entities at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 6.4 &#x2013; Characteristics of Residential Loans Held-for-Investment&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:11pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:58.483%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.677%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.677%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.681%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;SLST&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,814&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,780&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13,294&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;314,243&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,264,645&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,184,111&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;274,861&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,276,112&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,154,351&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"&gt;Delinquency information&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans with 90+ day delinquencies &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;46&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;68&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,982&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans with 90+ day delinquencies&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,831&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;54,546&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;362,785&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans with 90+ day delinquencies &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;251&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,214&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,248&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;41,044&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:58.483%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.677%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.677%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.681%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;SLST&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,908&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,177&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13,605&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;333,474&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,550,454&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,247,771&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;285,935&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,565,322&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,221,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"&gt;Delinquency information&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans with 90+ day delinquencies &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;94&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans with 90+ day delinquencies&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,285&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;74,742&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;389,245&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans with 90+ day delinquencies &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;245&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,939&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,251&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,610&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;For loans held at consolidated entities, the number of loans greater than 90 days delinquent includes loans in foreclosure.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides the activity of residential loans held-for-investment at Redwood during the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 6.5 &#x2013; Activity of Residential Loans Held-for-Investment at Redwood&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:68.622%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.344%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.346%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans transferred from HFS to HFI&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13,258&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans transferred from HFI to HFS&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,870,986&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Net market valuation gains (losses) recorded &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(93,636)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Subsequent to the transfer of these loans to our investment portfolio, net market valuation gains (losses) on residential loans held-for-investment at Redwood are recorded through Investment fair value changes, net on our consolidated statements of income (loss).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides the activity of residential loans held-for-investment at consolidated entities during the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 6.6 &#x2013; Activity of Residential Loans Held-for-Investment at Consolidated Entities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:12pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:27.650%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.150%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.150%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.150%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.150%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.150%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.153%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Legacy&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Legacy&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;SLST&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Net market valuation gains (losses) recorded &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,613&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,578)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,566)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(69,014)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(110,485)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(193,020)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;For loans held at our consolidated Legacy Sequoia, Sequoia Choice, and Freddie Mac SLST entities, market value changes are based on the estimated fair value of the associated ABS issued, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investments in these securitization entities is presented in Table 4.2&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%"&gt;.&lt;/span&gt;&lt;/div&gt;Business Purpose Loans&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We originate and invest in business purpose loans, including single-family rental ("SFR") loans and bridge loans. The following table summarizes the classifications and carrying values of the business purpose loans owned at Redwood and at consolidated CAFL entities at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 7.1 &#x2013; Classifications and Carrying Values of Business Purpose Loans&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.583%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:33.070%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.497%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.660%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.497%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.660%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.497%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.660%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.497%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.662%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Single-Family Rental&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Residential&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Bridge&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-sale at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;333,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;333,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-investment at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,212,526&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;626,484&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,839,010&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Business Purpose Loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;333,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,212,526&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;626,484&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,172,120&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:11pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.583%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:33.070%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.497%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.660%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.497%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.660%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.497%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.660%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.497%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.662%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Single-Family Rental&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Residential&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Bridge&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-sale at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;245,394&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;245,394&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-investment at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,249,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;641,765&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,890,959&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Business Purpose Loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;245,394&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,249,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;641,765&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,136,353&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides the activity of business purpose loans at Redwood during the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 7.2 &#x2013; Activity of Business Purpose Loans at Redwood&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:51.400%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.150%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.150%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.150%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.152%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;SFR at Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Bridge&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;SFR at Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Bridge&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Principal balance of loans originated&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;253,098&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;133,229&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;260,129&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;227,368&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Principal balance of loans sold to third parties &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,877&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;26,148&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,735&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Fair value of loans transferred from HFS to HFI &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;169,404&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;378,109&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mortgage banking activities income (loss) recorded &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,248&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;542&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,330&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(164)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Investment fair value changes recorded &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,304&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(23,028)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(38,602)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;During the three months ended March&#160;31, 2021 and 2020, we transferred $169 million and $378 million of single-family rental loans, respectively, from held-for-sale to held-for-investment associated with one and one CAFL securitizations, respectively.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Represents origination fees and net market valuation changes from the time a loan is originated to when it is sold or transferred to our investment portfolio. For the three months ended March&#160;31, 2021 and 2020, we recorded loan origination fee income of $6 million and $8 million, respectively, through Mortgage banking activities, net on our consolidated statements of income (loss).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(3)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Represents net market valuation changes for loans classified as held-for-investment.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Bridge Loans Held-for-Investment&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The outstanding bridge loans held-for-investment at March&#160;31, 2021 were first lien, interest-only loans with original maturities of &lt;span style="-sec-ix-hidden:id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MTY5Ng_cc66ea5e-e253-411a-a187-c06bb1ccf2da"&gt;six&lt;/span&gt; to 24 months and were comprised of 58% one-month LIBOR-indexed adjustable-rate loans and 42% fixed-rate loans. During the three months ended March&#160;31, 2021, we transferred two loans with a fair value of $1 million to REO, which is included in Other assets on our consolidated balance sheets. At March&#160;31, 2021, we had a $283 million commitment to fund bridge loans. See &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Note 16&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; for additional information on this commitment.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Single-Family Rental Loans Held-for-Investment at CAFL&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#160;&#160;&#160;&#160;We invest in securities issued by CAFL securitizations sponsored by CoreVest and consolidate the underlying single-family rental loans owned by these entities. The outstanding single-family rental loans held-for-investment at CAFL at March&#160;31, 2021 were first-lien, fixed-rate loans with original maturities of five, seven, or ten years. The following table provides the activity of single-family rental loans held-for-investment at CAFL during the threes ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 7.3 &#x2013; Activity of Single-Family Rental Loans Held-for-Investment at CAFL&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:68.622%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.344%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.346%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Net market valuation gains (losses) recorded &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(60,901)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(271,917)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;For loans held at our consolidated CAFL entities, market value changes are based on the estimated fair value of the associated ABS issued, including securities we own, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investments in these securitization entities is presented in Table 4.2&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%"&gt;.&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span&gt;&lt;br/&gt;&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Business Purpose Loan Characteristics&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following tables summarize the characteristics of the business purpose loans owned at Redwood and at consolidated CAFL entities at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 7.4 &#x2013; Characteristics of Business Purpose Loans &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:11pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:56.400%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.374%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:20pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Single-Family Rental at Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Single-Family Rental at CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;&#160;Bridge&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;77&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,120&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,097&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;322,181&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,029,498&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;629,934&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;333,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,212,526&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;626,484&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Weighted average coupon&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4.84&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5.41&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7.93&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Weighted average remaining loan term (years)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Market value of loans pledged as collateral under short-term debt facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;74,733&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;90,096&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Market value of loans pledged as collateral under long-term debt facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;228,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;522,050&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"&gt;Delinquency information&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans with 90+ day delinquencies &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans with 90+ day delinquencies &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,883&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;57,985&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,850&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans with 90+ day delinquencies&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,676&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,556&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;57&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,976&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,234&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,424&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans in foreclosure&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,808&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,183&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:56.400%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.374%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Single-Family Rental at Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Single-Family Rental at CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Bridge&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:23pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;65&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,094&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,725&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;234,475&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,017,137&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;649,532&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;245,394&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,249,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;641,765&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Weighted average coupon&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4.84&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5.44&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8.09&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Weighted average remaining loan term (years)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Market value of loans pledged as collateral under short-term debt facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;34,098&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;92,931&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Market value of loans pledged as collateral under long-term debt facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;154,774&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;544,151&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"&gt;Delinquency information&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans with 90+ day delinquencies &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;22&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans with 90+ day delinquencies&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,127&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;61,440&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,415&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans with 90+ day delinquencies &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,143&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;33,605&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;24,745&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,552&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans in foreclosure&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;33,066&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;The number of loans greater than 90 days delinquent includes loans in foreclosure.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities.&lt;/span&gt;&lt;/div&gt;Multifamily Loans&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We invest in multifamily subordinate securities issued by a Freddie Mac K-Series securitization trust and consolidate the underlying multifamily loans owned by this entity for financial reporting purposes in accordance with GAAP. The following table summarizes the characteristics of the multifamily loans consolidated at Redwood at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 8.1 &#x2013; Characteristics of Multifamily Loans&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:12pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:61.677%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.816%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.819%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;460,861&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;462,808&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Weighted average coupon&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4.25&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4.25&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Weighted average remaining loan term (years)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"&gt;Delinquency information&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans with 90+ day delinquencies&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The outstanding multifamily loans held-for-investment at the consolidated Freddie Mac K-Series entity at March&#160;31, 2021 were first-lien, fixed-rate loans that were originated in 2015. The following table provides the activity of multifamily loans held-for-investment during the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 8.2 &#x2013; Activity of Multifamily Loans Held-for-Investment&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:12pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:68.622%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.344%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.346%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Net market valuation gains (losses) recorded &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(730)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(82,431)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Net market valuation gains (losses) on multifamily loans held-for-investment are recorded through Investment fair value changes, net on our consolidated statements of income (loss). For loans held at our consolidated Freddie Mac K-Series entity, market value changes are based on the estimated fair value of the associated ABS issued, including securities we own, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investment in these securitization entities is presented in Table 4.2&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%"&gt;.&lt;/span&gt;&lt;/div&gt;</us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock>
    <rwt:CarryingValueOfLoansTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RleHRyZWdpb246ZmFlNjkzOTI0MjA4NGQ1OWJhYjQxZmY3MzNiZDY0NzBfMzI1NA_12051e60-3d17-4137-912c-fcbbbe873c77">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 March&#160;31, 2021 and December&#160;31, 2020.&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 6.1 &#x2013; Classifications and Carrying Values of Residential Loans&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:29.455%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.099%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-sale at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;996,512&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;996,512&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-investment at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;274,861&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,276,112&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,154,351&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,705,324&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Residential Loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;996,512&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;274,861&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,276,112&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,154,351&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,701,836&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:29.455%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.099%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-sale at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;176,641&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;176,641&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-investment at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;285,935&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,565,322&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,221,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,072,410&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Residential Loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;176,641&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;285,935&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,565,322&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,221,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,249,051&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;The following table summarizes the classifications and carrying values of the business purpose loans owned at Redwood and at consolidated CAFL entities at March&#160;31, 2021 and December&#160;31, 2020.&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 7.1 &#x2013; Classifications and Carrying Values of Business Purpose Loans&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.583%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:33.070%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.497%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.660%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.497%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.660%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.497%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.660%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.497%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.662%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Single-Family Rental&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Residential&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Bridge&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-sale at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;333,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;333,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-investment at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,212,526&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;626,484&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,839,010&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Business Purpose Loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;333,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,212,526&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;626,484&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,172,120&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:11pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.583%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:33.070%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.497%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.660%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.497%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.660%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.497%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.660%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.497%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:14.662%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Single-Family Rental&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Residential&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Bridge&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-sale at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;245,394&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;245,394&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-investment at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,249,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;641,765&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,890,959&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Business Purpose Loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;245,394&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,249,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;641,765&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,136,353&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides the activity of business purpose loans at Redwood during the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 7.2 &#x2013; Activity of Business Purpose Loans at Redwood&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:51.400%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.150%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.150%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.150%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.152%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;SFR at Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Bridge&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;SFR at Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Bridge&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Principal balance of loans originated&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;253,098&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;133,229&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;260,129&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;227,368&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Principal balance of loans sold to third parties &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,877&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;26,148&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,735&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Fair value of loans transferred from HFS to HFI &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;169,404&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;378,109&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mortgage banking activities income (loss) recorded &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,248&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;542&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,330&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(164)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Investment fair value changes recorded &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,304&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(23,028)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(38,602)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;During the three months ended March&#160;31, 2021 and 2020, we transferred $169 million and $378 million of single-family rental loans, respectively, from held-for-sale to held-for-investment associated with one and one CAFL securitizations, respectively.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Represents origination fees and net market valuation changes from the time a loan is originated to when it is sold or transferred to our investment portfolio. For the three months ended March&#160;31, 2021 and 2020, we recorded loan origination fee income of $6 million and $8 million, respectively, through Mortgage banking activities, net on our consolidated statements of income (loss).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(3)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Represents net market valuation changes for loans classified as held-for-investment.&lt;/span&gt;&lt;/div&gt;The following table provides the activity of single-family rental loans held-for-investment at CAFL during the threes ended March&#160;31, 2021 and 2020. &lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 7.3 &#x2013; Activity of Single-Family Rental Loans Held-for-Investment at CAFL&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:68.622%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.344%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.346%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Net market valuation gains (losses) recorded &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(60,901)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(271,917)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;For loans held at our consolidated CAFL entities, market value changes are based on the estimated fair value of the associated ABS issued, including securities we own, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investments in these securitization entities is presented in Table 4.2&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%"&gt;.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following tables summarize the characteristics of the business purpose loans owned at Redwood and at consolidated CAFL entities at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 7.4 &#x2013; Characteristics of Business Purpose Loans &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:11pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:56.400%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.374%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:20pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Single-Family Rental at Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Single-Family Rental at CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;&#160;Bridge&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;77&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,120&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,097&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;322,181&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,029,498&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;629,934&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;333,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,212,526&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;626,484&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Weighted average coupon&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4.84&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5.41&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7.93&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Weighted average remaining loan term (years)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Market value of loans pledged as collateral under short-term debt facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;74,733&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;90,096&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Market value of loans pledged as collateral under long-term debt facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;228,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;522,050&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"&gt;Delinquency information&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans with 90+ day delinquencies &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans with 90+ day delinquencies &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,883&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;57,985&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,850&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans with 90+ day delinquencies&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,676&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,556&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;57&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,976&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,234&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,424&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans in foreclosure&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,808&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,183&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:56.400%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.374%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Single-Family Rental at Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Single-Family Rental at CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Bridge&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:23pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;65&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,094&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,725&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;234,475&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,017,137&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;649,532&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;245,394&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,249,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;641,765&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Weighted average coupon&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4.84&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5.44&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8.09&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Weighted average remaining loan term (years)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Market value of loans pledged as collateral under short-term debt facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;34,098&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;92,931&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Market value of loans pledged as collateral under long-term debt facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;154,774&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;544,151&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"&gt;Delinquency information&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans with 90+ day delinquencies &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;22&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans with 90+ day delinquencies&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,127&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;61,440&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,415&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans with 90+ day delinquencies &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,143&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;33,605&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;24,745&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,552&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans in foreclosure&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt; (2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;33,066&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;The number of loans greater than 90 days delinquent includes loans in foreclosure.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities.&lt;/span&gt;&lt;/div&gt;</rwt:CarryingValueOfLoansTableTextBlock>
    <us-gaap:NotesReceivableNet
      contextRef="i01bd1f77c36e4c158ddb8b15b2b48e65_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMi0yLTEtMS0w_b01558c0-1ff1-4712-bb04-7937084a59d5"
      unitRef="usd">996512000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i26911f6bd02746578dcc1a41ceeab31d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMi00LTEtMS0w_29044f66-9791-4bef-a1b6-c693abaabcd5"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i59be8572baec4ad981ab5c83f467dc08_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMi02LTEtMS0w_ab224c70-1b24-4575-aefe-6dbde34cf63b"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="id634a1908a9c4be6bd419cf52d2f5c53_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMi04LTEtMS0w_75f5e9a1-6058-42ad-86ef-df30a6911d98"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ida3695e597ef49b2b0f03600850bfb07_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMi0xMC0xLTEtMA_17140c88-0e10-4a45-a491-02b51f6fa0bb"
      unitRef="usd">996512000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="iac200068aeae4b45bc68c56360991753_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMy0yLTEtMS0w_d4411bd6-2ff1-4960-95ef-856dcd03b17e"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i65d7c65b0b2643aa886778e09b8a5f2f_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMy00LTEtMS0w_cccb353f-e404-4252-8516-900dc6e240e7"
      unitRef="usd">274861000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i250a914452c44809a118dfe1c15d600b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMy02LTEtMS0w_072061d3-2004-4299-981e-45151de558c0"
      unitRef="usd">1276112000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i3439299c27d84ef79b1b6a56543df606_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMy04LTEtMS0w_c442568e-2c97-4b02-b018-b334b90bd130"
      unitRef="usd">2154351000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="if22aeaf6ee9c40de9c64779ea2603205_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfMy0xMC0xLTEtMA_7195b38b-771f-4642-95af-c5ec153f2ee0"
      unitRef="usd">3705324000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i0f6c2c5fb2f447dc9bf32a3a5b833837_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfNC0yLTEtMS0w_4e913d22-35d5-4706-b61a-b581c16e2d36"
      unitRef="usd">996512000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i70c788ceeee04846a8f45111e0c41186_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfNC00LTEtMS0w_568c8634-277c-4a5f-85d6-5ee93b3386c6"
      unitRef="usd">274861000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="idbbe09ca4132473aa18b9f811ac6f94e_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfNC02LTEtMS0w_c31475e4-1588-4a75-8d2a-6ea1a96bd16c"
      unitRef="usd">1276112000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i13637f7b41c741868bc4ceb6dd2c81ab_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfNC04LTEtMS0w_03031d46-5c85-4f83-9eae-4697676bdb31"
      unitRef="usd">2154351000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i70c1b18111ac4305862dcc8f898aef60_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjVmMWZkOWNlNTZiMTRlMGE4NDY4MmM3ODA2YmJkMjU5L3RhYmxlcmFuZ2U6NWYxZmQ5Y2U1NmIxNGUwYTg0NjgyYzc4MDZiYmQyNTlfNC0xMC0xLTEtMA_760ff006-bd64-432e-bc6d-d6a90bb59ddb"
      unitRef="usd">4701836000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i659f476eec6b4cfebd18ec6fb5689cdd_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMi0yLTEtMS0w_6e4cdcc9-55ed-477c-ae27-389533309145"
      unitRef="usd">176641000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i8a32e4d62e4447c28746f43de57acc4d_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMi00LTEtMS0w_3149826d-fd7c-4d65-a86a-ba2c14777409"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i9039e579bf5642038e775e11374545bb_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMi02LTEtMS0w_46a8ce76-017c-4b66-9557-835139600d2d"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ie2148c507a65460a8e173a07264e6735_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMi04LTEtMS0w_c9c9883c-e37d-491b-9f34-778ac5ff0848"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ie6dfdf83ee504c69837c61a1abb8f40f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMi0xMC0xLTEtMA_2a7d84ca-9e9f-4efb-8bac-ccc9fb55d4f3"
      unitRef="usd">176641000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i232e838556004786bb161053459bd51f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMy0yLTEtMS0w_a9e73948-659a-4a2f-9199-e68a0678d708"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i3dba938b4e574d7a9d3736579d07cce3_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMy00LTEtMS0w_5039de42-3e39-4d2b-829f-e866e68cd426"
      unitRef="usd">285935000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i46ccd50204a74c359de4a4ea82b4f02f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMy02LTEtMS0w_aa93cba2-92fa-4bc3-a19f-31b828537b06"
      unitRef="usd">1565322000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i44636a70247740e6be1ff23ee1a70169_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMy04LTEtMS0w_44685f4a-cec6-4659-a3c1-a11bd4e09a8f"
      unitRef="usd">2221153000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ifd60f2a8f8b64bee936752a04345b731_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfMy0xMC0xLTEtMA_b3daa8b1-d5c0-41ae-9604-b062111d83bd"
      unitRef="usd">4072410000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ice1ac5e76a88414fab7004b211b6151c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfNC0yLTEtMS0w_17a1eacb-c8dd-49ef-85d6-7676ad70fde9"
      unitRef="usd">176641000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i2b7d4cb40e0449cab4fc187e6b879c6c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfNC00LTEtMS0w_c6cb29b3-71c3-49fa-a963-990a05b55e93"
      unitRef="usd">285935000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i99437f6b03c643939a24b409f3724aab_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfNC02LTEtMS0w_2ff45c3c-127d-4000-a1a6-9276d2fa6860"
      unitRef="usd">1565322000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i25d50b188e6e4020b99b6bad90488510_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfNC04LTEtMS0w_95992cfe-f909-415f-a697-42a42d7c3fa6"
      unitRef="usd">2221153000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i6b2328769bf5444386d398260f28caea_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmJjMmVjZDhjZjUzMzRiOGFhNjdlYmY4YmM3MTcwOTgyL3RhYmxlcmFuZ2U6YmMyZWNkOGNmNTMzNGI4YWE2N2ViZjhiYzcxNzA5ODJfNC0xMC0xLTEtMA_df540b08-be60-4c78-9901-6b1cdb84e6de"
      unitRef="usd">4249051000</us-gaap:NotesReceivableNet>
    <us-gaap:ServicingAssetAtAmortizedValue
      contextRef="i98379a33ecdf4146976d07a4767e009e_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RleHRyZWdpb246ZmFlNjkzOTI0MjA4NGQ1OWJhYjQxZmY3MzNiZDY0NzBfNDc2_cde1d8b4-7054-4e5d-9f56-fc267142c055"
      unitRef="usd">977000000</us-gaap:ServicingAssetAtAmortizedValue>
    <rwt:CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RleHRyZWdpb246ZmFlNjkzOTI0MjA4NGQ1OWJhYjQxZmY3MzNiZDY0NzBfMzI1MQ_7dcb480f-03ef-418c-99e4-f6fe1e7715bc">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table summarizes the characteristics of residential loans held-for-sale at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 6.2 &#x2013; Characteristics of Residential Loans Held-for-Sale&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:61.677%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.816%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.819%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,115&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;198&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;990,841&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;172,748&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;996,512&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;176,641&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Market value of loans pledged as collateral under short-term borrowing agreements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;926,076&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;156,355&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"&gt;Delinquency information&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans with 90+ day delinquencies&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans with 90+ day delinquencies&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans with 90+ day delinquencies&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,223&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,223&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</rwt:CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock>
    <srt:MortgageLoansOnRealEstateNumberOfLoans
      contextRef="i5321e500999142f182e3b0f98ac7704c_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfMS0yLTEtMS02OTE_c19ec060-7d42-4793-9e56-500b91dce1ad"
      unitRef="loan">1115</srt:MortgageLoansOnRealEstateNumberOfLoans>
    <srt:MortgageLoansOnRealEstateNumberOfLoans
      contextRef="i70d4502da0bf4f5a855333567bcec51e_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfMS00LTEtMS02OTE_d8188223-3e65-4ae3-813c-51d7b7e6ebaf"
      unitRef="loan">198</srt:MortgageLoansOnRealEstateNumberOfLoans>
    <us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized
      contextRef="i0864849c8b7e4c94abb4a4d6c31f1fb6_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfMi0yLTEtMS02OTE_23f11513-af2f-4b75-a743-c7a879b0d656"
      unitRef="usd">990841000</us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized>
    <us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized
      contextRef="i87fe4a443bf148e8bf460a7e1558d929_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfMi00LTEtMS02OTE_0bc186e9-30e4-4281-a1d1-f2be1b778d2f"
      unitRef="usd">172748000</us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized>
    <us-gaap:NotesReceivableNet
      contextRef="i0864849c8b7e4c94abb4a4d6c31f1fb6_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfMy0yLTEtMS02OTE_076109f5-3c2d-4c3a-b487-fa70a44af122"
      unitRef="usd">996512000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i87fe4a443bf148e8bf460a7e1558d929_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfMy00LTEtMS02OTE_7ceb41cf-f547-4164-9230-66a6e7928636"
      unitRef="usd">176641000</us-gaap:NotesReceivableNet>
    <us-gaap:LoansPledgedAsCollateral
      contextRef="i0864849c8b7e4c94abb4a4d6c31f1fb6_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfNC0yLTEtMS02OTE_39601782-8ab2-47ed-a5cb-d561696aa7ca"
      unitRef="usd">926076000</us-gaap:LoansPledgedAsCollateral>
    <us-gaap:LoansPledgedAsCollateral
      contextRef="i87fe4a443bf148e8bf460a7e1558d929_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfNC00LTEtMS02OTE_d077b74f-5931-4883-af32-dadf4cefa437"
      unitRef="usd">156355000</us-gaap:LoansPledgedAsCollateral>
    <rwt:FinancingReceivableNumberOfLoansPastDue
      contextRef="id60d9ce8bf2742c2a1597537b3abb3ff_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfNy0yLTEtMS02OTE_1e0684f2-759a-47b3-9ad0-60ad092317df"
      unitRef="loan">1</rwt:FinancingReceivableNumberOfLoansPastDue>
    <rwt:FinancingReceivableNumberOfLoansPastDue
      contextRef="i50e5dce3348c4f51b322e5f5e83c22a0_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfNy00LTEtMS02OTE_76d681e5-ee40-46a3-910f-15638c92b9e9"
      unitRef="loan">1</rwt:FinancingReceivableNumberOfLoansPastDue>
    <us-gaap:FinancingReceivableRecordedInvestmentPastDue
      contextRef="id60d9ce8bf2742c2a1597537b3abb3ff_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfOC0yLTEtMS02OTE_de535ce5-ae09-4c48-a2bb-eb862663b523"
      unitRef="usd">1882000</us-gaap:FinancingReceivableRecordedInvestmentPastDue>
    <us-gaap:FinancingReceivableRecordedInvestmentPastDue
      contextRef="i50e5dce3348c4f51b322e5f5e83c22a0_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfOC00LTEtMS02OTE_a0244093-2ac9-4c12-8d19-73cc1ab35dd7"
      unitRef="usd">1882000</us-gaap:FinancingReceivableRecordedInvestmentPastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="id60d9ce8bf2742c2a1597537b3abb3ff_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfOS0yLTEtMS02OTE_cd2776d4-f481-4e36-aa8c-aae5207aaffb"
      unitRef="usd">1223000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="i50e5dce3348c4f51b322e5f5e83c22a0_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfOS00LTEtMS02OTE_edb938ca-ca8b-4e5a-b543-c6aa8478c000"
      unitRef="usd">1223000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <rwt:FinancingReceivableNumberOfLoansInForeclosure
      contextRef="i0864849c8b7e4c94abb4a4d6c31f1fb6_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfMTAtMi0xLTEtNjkx_e733edf6-91e2-4a87-aa2d-c9ae25627356"
      unitRef="loan">0</rwt:FinancingReceivableNumberOfLoansInForeclosure>
    <rwt:FinancingReceivableNumberOfLoansInForeclosure
      contextRef="i87fe4a443bf148e8bf460a7e1558d929_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjBlZDk0MGUyMThmNTRjNjlhZjRhNTVhMGU2NGFmZTgxL3RhYmxlcmFuZ2U6MGVkOTQwZTIxOGY1NGM2OWFmNGE1NWEwZTY0YWZlODFfMTAtNC0xLTEtNjkx_477bf964-eca0-4d35-b1de-96632b24f990"
      unitRef="loan">0</rwt:FinancingReceivableNumberOfLoansInForeclosure>
    <rwt:QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RleHRyZWdpb246ZmFlNjkzOTI0MjA4NGQ1OWJhYjQxZmY3MzNiZDY0NzBfMzI0OA_adf4c9c4-d1fb-4141-9a01-565495fd304b">&lt;div style="margin-top:9pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides the activity of residential loans held-for-sale during the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 6.3 &#x2013; Activity of Residential Loans Held-for-Sale&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:68.622%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.344%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.346%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Principal balance of loans acquired&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,096,048&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,629,908&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Principal balance of loans sold&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,275,832&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,656,719&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Net market valuation gains (losses) recorded &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,429&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(13,480)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Net market valuation gains (losses) on residential loans held-for-sale are recorded primarily through Mortgage banking activities, net on our consolidated statements of income (loss).&lt;/span&gt;&lt;/div&gt;</rwt:QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock>
    <rwt:PrincipalBalanceOfLoansAcquiredDuringPeriod
      contextRef="i5321e500999142f182e3b0f98ac7704c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjQ1MjExNzk2NTVmZjQ4NGY5ZjhiYzY0Zjg2ZTIyOTU2L3RhYmxlcmFuZ2U6NDUyMTE3OTY1NWZmNDg0ZjlmOGJjNjRmODZlMjI5NTZfMi0yLTEtMS02OTc_03c6d8e4-67f1-4f47-961b-88425e15fa63"
      unitRef="usd">3096048000</rwt:PrincipalBalanceOfLoansAcquiredDuringPeriod>
    <rwt:PrincipalBalanceOfLoansAcquiredDuringPeriod
      contextRef="i5d58ee0063db4ef2b0c8f7300acebb87_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjQ1MjExNzk2NTVmZjQ4NGY5ZjhiYzY0Zjg2ZTIyOTU2L3RhYmxlcmFuZ2U6NDUyMTE3OTY1NWZmNDg0ZjlmOGJjNjRmODZlMjI5NTZfMi00LTEtMS02OTc_5e632dcb-d0a7-469d-9ad0-18c8291fd761"
      unitRef="usd">2629908000</rwt:PrincipalBalanceOfLoansAcquiredDuringPeriod>
    <rwt:PrincipalBalanceofLoansSoldDuringPeriod
      contextRef="i5321e500999142f182e3b0f98ac7704c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjQ1MjExNzk2NTVmZjQ4NGY5ZjhiYzY0Zjg2ZTIyOTU2L3RhYmxlcmFuZ2U6NDUyMTE3OTY1NWZmNDg0ZjlmOGJjNjRmODZlMjI5NTZfMy0yLTEtMS02OTc_cfcc108e-d90b-4854-a09b-d01e8bb674d3"
      unitRef="usd">2275832000</rwt:PrincipalBalanceofLoansSoldDuringPeriod>
    <rwt:PrincipalBalanceofLoansSoldDuringPeriod
      contextRef="i5d58ee0063db4ef2b0c8f7300acebb87_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjQ1MjExNzk2NTVmZjQ4NGY5ZjhiYzY0Zjg2ZTIyOTU2L3RhYmxlcmFuZ2U6NDUyMTE3OTY1NWZmNDg0ZjlmOGJjNjRmODZlMjI5NTZfMy00LTEtMS02OTc_24b60757-fdb5-47c0-ada6-dca3a9850bb8"
      unitRef="usd">2656719000</rwt:PrincipalBalanceofLoansSoldDuringPeriod>
    <us-gaap:FairValueOptionChangesInFairValueGainLoss1
      contextRef="i5321e500999142f182e3b0f98ac7704c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjQ1MjExNzk2NTVmZjQ4NGY5ZjhiYzY0Zjg2ZTIyOTU2L3RhYmxlcmFuZ2U6NDUyMTE3OTY1NWZmNDg0ZjlmOGJjNjRmODZlMjI5NTZfNC0yLTEtMS02OTc_e45af5de-2615-4344-b8ee-159d8f3f1b3e"
      unitRef="usd">23429000</us-gaap:FairValueOptionChangesInFairValueGainLoss1>
    <us-gaap:FairValueOptionChangesInFairValueGainLoss1
      contextRef="i5d58ee0063db4ef2b0c8f7300acebb87_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjQ1MjExNzk2NTVmZjQ4NGY5ZjhiYzY0Zjg2ZTIyOTU2L3RhYmxlcmFuZ2U6NDUyMTE3OTY1NWZmNDg0ZjlmOGJjNjRmODZlMjI5NTZfNC00LTEtMS02OTc_20ff9eb8-eae9-4918-a20f-7d9b0cd23b0c"
      unitRef="usd">-13480000</us-gaap:FairValueOptionChangesInFairValueGainLoss1>
    <rwt:CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RleHRyZWdpb246ZmFlNjkzOTI0MjA4NGQ1OWJhYjQxZmY3MzNiZDY0NzBfMzI1Nw_8a90ad90-d685-40f6-91df-a8d06eb8f0e2">The following tables summarize the characteristics of the residential loans owned at consolidated Sequoia and Freddie Mac SLST entities at March&#160;31, 2021 and December&#160;31, 2020.&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 6.4 &#x2013; Characteristics of Residential Loans Held-for-Investment&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:11pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:58.483%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.677%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.677%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.681%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;SLST&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,814&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,780&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13,294&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;314,243&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,264,645&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,184,111&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;274,861&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,276,112&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,154,351&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"&gt;Delinquency information&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans with 90+ day delinquencies &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;46&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;68&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,982&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans with 90+ day delinquencies&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,831&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;54,546&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;362,785&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans with 90+ day delinquencies &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;251&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,214&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,248&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;41,044&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:58.483%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.677%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.677%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.681%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;SLST&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,908&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,177&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13,605&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;333,474&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,550,454&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,247,771&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;285,935&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,565,322&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,221,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"&gt;Delinquency information&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans with 90+ day delinquencies &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;94&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans with 90+ day delinquencies&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,285&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;74,742&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;389,245&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans with 90+ day delinquencies &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;245&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,939&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,251&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,610&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;For loans held at consolidated entities, the number of loans greater than 90 days delinquent includes loans in foreclosure.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities.&lt;/span&gt;&lt;/div&gt;</rwt:CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock>
    <srt:MortgageLoansOnRealEstateNumberOfLoans
      contextRef="i98beae0e2a4649729def4fdbe75f2be2_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMi00LTEtMS03MTQ_e8cf8890-b962-4a70-ac77-4cfbb68669c2"
      unitRef="loan">1814</srt:MortgageLoansOnRealEstateNumberOfLoans>
    <srt:MortgageLoansOnRealEstateNumberOfLoans
      contextRef="ife388ac3ec61404ea54f4e2694cccee4_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMi02LTEtMS03MTQ_15cb2435-9153-4a9d-beac-36baff4151c2"
      unitRef="loan">1780</srt:MortgageLoansOnRealEstateNumberOfLoans>
    <srt:MortgageLoansOnRealEstateNumberOfLoans
      contextRef="i3a142e9687c4408f98082e8c7fd8b3f1_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMi04LTEtMS03MTQ_f40ff650-70b5-481e-97f3-2b4bcebbffc9"
      unitRef="loan">13294</srt:MortgageLoansOnRealEstateNumberOfLoans>
    <us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized
      contextRef="ieb1d4aa96e754efba36ba933da9a64a3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMy00LTEtMS03MTQ_94def9f8-e41c-4390-b873-3181ef089f52"
      unitRef="usd">314243000</us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized>
    <us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized
      contextRef="i59eb03da272b436a87fa9f1eec596227_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMy02LTEtMS03MTQ_38993e6d-c97c-49e9-979e-4a62f9e0ddcb"
      unitRef="usd">1264645000</us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized>
    <us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized
      contextRef="iaed4a2b4221d476a825b09bdf33666c8_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMy04LTEtMS03MTQ_d58bd337-5d6d-4d06-a6b3-cf93990ef429"
      unitRef="usd">2184111000</us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized>
    <us-gaap:NotesReceivableNet
      contextRef="ieb1d4aa96e754efba36ba933da9a64a3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfNC00LTEtMS03MTQ_9a65ba67-d378-47a3-8ff7-b9b8d5267714"
      unitRef="usd">274861000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i59eb03da272b436a87fa9f1eec596227_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfNC02LTEtMS03MTQ_4d478fa0-e3df-4e89-9ac5-c0d11f2e98c3"
      unitRef="usd">1276112000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="iaed4a2b4221d476a825b09bdf33666c8_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfNC04LTEtMS03MTQ_dccc148e-5092-4e0b-8108-d86d67d39290"
      unitRef="usd">2154351000</us-gaap:NotesReceivableNet>
    <rwt:FinancingReceivableNumberOfLoansPastDue
      contextRef="iae63d2ab4a064ea0b659958479dc2740_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfNy00LTEtMS03MTQ_c8fdea24-0cac-43c8-9b5c-0d0a49b051f0"
      unitRef="loan">46</rwt:FinancingReceivableNumberOfLoansPastDue>
    <rwt:FinancingReceivableNumberOfLoansPastDue
      contextRef="ieccec5c3d03a4d6b954ae93a246d57a4_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfNy02LTEtMS03MTQ_b295743f-cbee-4782-932a-1671438ede7d"
      unitRef="loan">68</rwt:FinancingReceivableNumberOfLoansPastDue>
    <rwt:FinancingReceivableNumberOfLoansPastDue
      contextRef="if3c9531fb4024e51af7d999c803d3e44_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfNy04LTEtMS03MTQ_90a9b955-dd04-4e7e-9a67-24cc9cdf1e54"
      unitRef="loan">1982</rwt:FinancingReceivableNumberOfLoansPastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="iae63d2ab4a064ea0b659958479dc2740_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfOC00LTEtMS03MTQ_5b52fb7d-6a7e-48ce-a879-7dbe5319559b"
      unitRef="usd">15831000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="ieccec5c3d03a4d6b954ae93a246d57a4_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfOC02LTEtMS03MTQ_968cedfa-c104-4c3e-92d5-63a18eff486e"
      unitRef="usd">54546000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="if3c9531fb4024e51af7d999c803d3e44_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfOC04LTEtMS03MTQ_27661a89-03e3-47e0-be39-f9a574347887"
      unitRef="usd">362785000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <rwt:FinancingReceivableNumberOfLoansInForeclosure
      contextRef="ieb1d4aa96e754efba36ba933da9a64a3_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMTAtNC0xLTEtNzE0_5a4e5797-f732-42fd-aafc-44d7a8aac348"
      unitRef="loan">17</rwt:FinancingReceivableNumberOfLoansInForeclosure>
    <rwt:FinancingReceivableNumberOfLoansInForeclosure
      contextRef="i59eb03da272b436a87fa9f1eec596227_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMTAtNi0xLTEtNzE0_fbaa7624-0eb7-4b2d-aaf5-3b7ca0e68e8f"
      unitRef="loan">3</rwt:FinancingReceivableNumberOfLoansInForeclosure>
    <rwt:FinancingReceivableNumberOfLoansInForeclosure
      contextRef="iaed4a2b4221d476a825b09bdf33666c8_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMTAtOC0xLTEtNzE0_667f3218-8154-4ff8-9e75-712234e0851e"
      unitRef="loan">251</rwt:FinancingReceivableNumberOfLoansInForeclosure>
    <rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure
      contextRef="ieb1d4aa96e754efba36ba933da9a64a3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMTEtNC0xLTEtNzE0_6266dcb2-7145-4d65-91dc-d021bf13dfb6"
      unitRef="usd">4214000</rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure>
    <rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure
      contextRef="i59eb03da272b436a87fa9f1eec596227_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMTEtNi0xLTEtNzE0_28171dbb-aa15-495c-996d-d63538d3a65e"
      unitRef="usd">2248000</rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure>
    <rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure
      contextRef="iaed4a2b4221d476a825b09bdf33666c8_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjJhZmM1MjI0NzNhNzRjNTc4YzVmMjNhZjRmNTdhODE4L3RhYmxlcmFuZ2U6MmFmYzUyMjQ3M2E3NGM1NzhjNWYyM2FmNGY1N2E4MThfMTEtOC0xLTEtNzE0_9846c8a8-767b-42b7-ac12-dfd7b133c2db"
      unitRef="usd">41044000</rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure>
    <srt:MortgageLoansOnRealEstateNumberOfLoans
      contextRef="i68868dc632874a14951ee96ccf3cb4ed_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMi00LTEtMS03MTQ_12eaaf6a-0e6f-4035-8fce-7fe4bfb9876a"
      unitRef="loan">1908</srt:MortgageLoansOnRealEstateNumberOfLoans>
    <srt:MortgageLoansOnRealEstateNumberOfLoans
      contextRef="i01b4c67e78eb45bc8677a23f09aa86a6_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMi02LTEtMS03MTQ_0591fe86-c104-4e54-8683-84eae6c09a6f"
      unitRef="loan">2177</srt:MortgageLoansOnRealEstateNumberOfLoans>
    <srt:MortgageLoansOnRealEstateNumberOfLoans
      contextRef="i6333f39dde0a48248bc4a9d752f5e85f_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMi04LTEtMS03MTQ_acf51653-aaf0-4fbe-a3a3-ae755a54e750"
      unitRef="loan">13605</srt:MortgageLoansOnRealEstateNumberOfLoans>
    <us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized
      contextRef="if6d89635a7e94ecdb4cbfaef40c3371d_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMy00LTEtMS03MTQ_0be91784-6ad5-4a41-8cf5-e2ef3354535b"
      unitRef="usd">333474000</us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized>
    <us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized
      contextRef="ic1c14aa12f3a4ca8b4e68d8694a4c2b4_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMy02LTEtMS03MTQ_5857b1d8-6892-4d3c-b27f-96e5c62e808d"
      unitRef="usd">1550454000</us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized>
    <us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized
      contextRef="i59099de613fb4d4aa04e25ed836502b2_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMy04LTEtMS03MTQ_bd914c71-f2fb-407c-bab0-3d5141a2ad52"
      unitRef="usd">2247771000</us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized>
    <us-gaap:NotesReceivableNet
      contextRef="if6d89635a7e94ecdb4cbfaef40c3371d_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfNC00LTEtMS03MTQ_1c7e7564-5921-4590-b0fc-b1eeedbe986b"
      unitRef="usd">285935000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ic1c14aa12f3a4ca8b4e68d8694a4c2b4_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfNC02LTEtMS03MTQ_884d8f87-618c-409a-87ac-41b256a5f29f"
      unitRef="usd">1565322000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i59099de613fb4d4aa04e25ed836502b2_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfNC04LTEtMS03MTQ_cf3decfb-0e99-4521-9cd5-79c35e7d1e77"
      unitRef="usd">2221153000</us-gaap:NotesReceivableNet>
    <rwt:FinancingReceivableNumberOfLoansPastDue
      contextRef="ic6c9d0e860c54a2b83ede64fcb74f118_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfNy00LTEtMS03MTQ_d1bb746b-c03f-4e63-a523-4a8375e725aa"
      unitRef="loan">52</rwt:FinancingReceivableNumberOfLoansPastDue>
    <rwt:FinancingReceivableNumberOfLoansPastDue
      contextRef="i4fa339dea1cc41b996eefbff5c24960a_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfNy02LTEtMS03MTQ_ce53b2ea-d0cb-41e0-9803-b3ca1bd99e83"
      unitRef="loan">94</rwt:FinancingReceivableNumberOfLoansPastDue>
    <rwt:FinancingReceivableNumberOfLoansPastDue
      contextRef="i734b61a58b3f41f5a8139167c708092f_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfNy04LTEtMS03MTQ_4f8b8f0f-fe61-432a-a796-83153eb39c48"
      unitRef="loan">2110</rwt:FinancingReceivableNumberOfLoansPastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="ic6c9d0e860c54a2b83ede64fcb74f118_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfOC00LTEtMS03MTQ_c8ee4fad-d45a-498a-9ec4-44dbb2cd7e4f"
      unitRef="usd">17285000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="i4fa339dea1cc41b996eefbff5c24960a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfOC02LTEtMS03MTQ_12846028-a8b5-4d9f-8c15-3764cb47a5f1"
      unitRef="usd">74742000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="i734b61a58b3f41f5a8139167c708092f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfOC04LTEtMS03MTQ_8cac20a2-df7a-400e-90ff-233a1894d349"
      unitRef="usd">389245000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <rwt:FinancingReceivableNumberOfLoansInForeclosure
      contextRef="if6d89635a7e94ecdb4cbfaef40c3371d_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMTAtNC0xLTEtNzE0_8874a8fb-e6e0-4dd8-98e4-822eeff807fb"
      unitRef="loan">21</rwt:FinancingReceivableNumberOfLoansInForeclosure>
    <rwt:FinancingReceivableNumberOfLoansInForeclosure
      contextRef="ic1c14aa12f3a4ca8b4e68d8694a4c2b4_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMTAtNi0xLTEtNzE0_45d9ed68-8b0e-460b-9d59-3c12f8838489"
      unitRef="loan">3</rwt:FinancingReceivableNumberOfLoansInForeclosure>
    <rwt:FinancingReceivableNumberOfLoansInForeclosure
      contextRef="i59099de613fb4d4aa04e25ed836502b2_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMTAtOC0xLTEtNzE0_e2965a61-d900-4ffe-a1c6-0bbb6028e1a2"
      unitRef="loan">245</rwt:FinancingReceivableNumberOfLoansInForeclosure>
    <rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure
      contextRef="if6d89635a7e94ecdb4cbfaef40c3371d_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMTEtNC0xLTEtNzE0_be720dc9-1c50-4107-b337-b59957322b35"
      unitRef="usd">4939000</rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure>
    <rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure
      contextRef="ic1c14aa12f3a4ca8b4e68d8694a4c2b4_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMTEtNi0xLTEtNzE0_abda72d0-c15a-4550-85d6-a290909c81f6"
      unitRef="usd">2251000</rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure>
    <rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure
      contextRef="i59099de613fb4d4aa04e25ed836502b2_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjFkYWJlYmVjMjFjODQ4MWE4ZjdlNTk2OWNlYTgzMTIzL3RhYmxlcmFuZ2U6MWRhYmViZWMyMWM4NDgxYThmN2U1OTY5Y2VhODMxMjNfMTEtOC0xLTEtNzE0_6bfbd940-edb0-4869-8103-e24bba89457c"
      unitRef="usd">38610000</rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure>
    <rwt:QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RleHRyZWdpb246ZmFlNjkzOTI0MjA4NGQ1OWJhYjQxZmY3MzNiZDY0NzBfMzI1OA_b248363d-3085-4439-a932-9ac03fd1c0f8">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides the activity of residential loans held-for-investment at Redwood during the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 6.5 &#x2013; Activity of Residential Loans Held-for-Investment at Redwood&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:68.622%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.344%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.346%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans transferred from HFS to HFI&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13,258&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans transferred from HFI to HFS&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,870,986&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Net market valuation gains (losses) recorded &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(93,636)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Subsequent to the transfer of these loans to our investment portfolio, net market valuation gains (losses) on residential loans held-for-investment at Redwood are recorded through Investment fair value changes, net on our consolidated statements of income (loss).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides the activity of residential loans held-for-investment at consolidated entities during the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 6.6 &#x2013; Activity of Residential Loans Held-for-Investment at Consolidated Entities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:12pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:27.650%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.150%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.150%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.150%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.150%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.150%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.153%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Legacy&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Legacy&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Freddie Mac&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;SLST&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Net market valuation gains (losses) recorded &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,613&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,578)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,566)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(69,014)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(110,485)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(193,020)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;For loans held at our consolidated Legacy Sequoia, Sequoia Choice, and Freddie Mac SLST entities, market value changes are based on the estimated fair value of the associated ABS issued, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investments in these securitization entities is presented in Table 4.2&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%"&gt;.&lt;/span&gt;&lt;/div&gt;</rwt:QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock>
    <us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1
      contextRef="i78fe91af77b144e4bc573980e5852e9e_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjEyZDc1YzJjNTYyNDRkNDZhNzljYzBkYjdmODFkODFlL3RhYmxlcmFuZ2U6MTJkNzVjMmM1NjI0NGQ0NmE3OWNjMGRiN2Y4MWQ4MWVfNC0yLTEtMS03MjA_49cefea6-1e46-4a11-8ea3-924c0e63fc5f"
      unitRef="usd">0</us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1>
    <us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1
      contextRef="i558624f48a82443c814b3399ac061e28_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjEyZDc1YzJjNTYyNDRkNDZhNzljYzBkYjdmODFkODFlL3RhYmxlcmFuZ2U6MTJkNzVjMmM1NjI0NGQ0NmE3OWNjMGRiN2Y4MWQ4MWVfNC00LTEtMS03MjA_362bc1f2-006d-46de-9832-ce6444970a3b"
      unitRef="usd">13258000</us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1>
    <us-gaap:FinancingReceivableReclassificationToHeldForSale
      contextRef="i78fe91af77b144e4bc573980e5852e9e_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjEyZDc1YzJjNTYyNDRkNDZhNzljYzBkYjdmODFkODFlL3RhYmxlcmFuZ2U6MTJkNzVjMmM1NjI0NGQ0NmE3OWNjMGRiN2Y4MWQ4MWVfNS0yLTEtMS03MjA_8bb1db6f-1cb8-4fcc-aebb-4cc0068965a6"
      unitRef="usd">0</us-gaap:FinancingReceivableReclassificationToHeldForSale>
    <us-gaap:FinancingReceivableReclassificationToHeldForSale
      contextRef="i558624f48a82443c814b3399ac061e28_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjEyZDc1YzJjNTYyNDRkNDZhNzljYzBkYjdmODFkODFlL3RhYmxlcmFuZ2U6MTJkNzVjMmM1NjI0NGQ0NmE3OWNjMGRiN2Y4MWQ4MWVfNS00LTEtMS03MjA_e29b6bad-c4a1-4acf-9489-ca2b76d4ffae"
      unitRef="usd">1870986000</us-gaap:FinancingReceivableReclassificationToHeldForSale>
    <us-gaap:FairValueOptionChangesInFairValueGainLoss1
      contextRef="i78fe91af77b144e4bc573980e5852e9e_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjEyZDc1YzJjNTYyNDRkNDZhNzljYzBkYjdmODFkODFlL3RhYmxlcmFuZ2U6MTJkNzVjMmM1NjI0NGQ0NmE3OWNjMGRiN2Y4MWQ4MWVfNi0yLTEtMS03MjA_3f2d557a-8dae-497e-b92f-367ae2434cd9"
      unitRef="usd">0</us-gaap:FairValueOptionChangesInFairValueGainLoss1>
    <us-gaap:FairValueOptionChangesInFairValueGainLoss1
      contextRef="i558624f48a82443c814b3399ac061e28_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOjEyZDc1YzJjNTYyNDRkNDZhNzljYzBkYjdmODFkODFlL3RhYmxlcmFuZ2U6MTJkNzVjMmM1NjI0NGQ0NmE3OWNjMGRiN2Y4MWQ4MWVfNi00LTEtMS03MjA_6d8a9212-c7fa-4f79-806b-e0714d2ee7ea"
      unitRef="usd">-93636000</us-gaap:FairValueOptionChangesInFairValueGainLoss1>
    <us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease
      contextRef="i645656ae5ca04dcba612b5b3f91b16a1_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmYxYzc0NTcwMmE5ZDQyNWZhMmE1ZjEwZDUyMTVjZGQyL3RhYmxlcmFuZ2U6ZjFjNzQ1NzAyYTlkNDI1ZmEyYTVmMTBkNTIxNWNkZDJfNC0yLTEtMS03MjY_5da901c0-9b89-4292-9a7c-7da30e012670"
      unitRef="usd">7613000</us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease>
    <us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease
      contextRef="ife388ac3ec61404ea54f4e2694cccee4_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmYxYzc0NTcwMmE5ZDQyNWZhMmE1ZjEwZDUyMTVjZGQyL3RhYmxlcmFuZ2U6ZjFjNzQ1NzAyYTlkNDI1ZmEyYTVmMTBkNTIxNWNkZDJfNC00LTEtMS03MjY_8673b27f-d38e-4294-8310-38d77b77842f"
      unitRef="usd">-2578000</us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease>
    <us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease
      contextRef="i3a142e9687c4408f98082e8c7fd8b3f1_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmYxYzc0NTcwMmE5ZDQyNWZhMmE1ZjEwZDUyMTVjZGQyL3RhYmxlcmFuZ2U6ZjFjNzQ1NzAyYTlkNDI1ZmEyYTVmMTBkNTIxNWNkZDJfNC02LTEtMS03MjY_d34d5b5d-763b-4780-a72c-d00c3d29359e"
      unitRef="usd">-3566000</us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease>
    <us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease
      contextRef="id6b398c71de54a588f8e1f6889bc9e9f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmYxYzc0NTcwMmE5ZDQyNWZhMmE1ZjEwZDUyMTVjZGQyL3RhYmxlcmFuZ2U6ZjFjNzQ1NzAyYTlkNDI1ZmEyYTVmMTBkNTIxNWNkZDJfNC04LTEtMS03MjY_d4169050-a8fd-4871-99ef-ab7a07b27b45"
      unitRef="usd">-69014000</us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease>
    <us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease
      contextRef="i308d6123762a4450bf175be44d6c9257_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmYxYzc0NTcwMmE5ZDQyNWZhMmE1ZjEwZDUyMTVjZGQyL3RhYmxlcmFuZ2U6ZjFjNzQ1NzAyYTlkNDI1ZmEyYTVmMTBkNTIxNWNkZDJfNC0xMC0xLTEtNzI2_d0b3a01e-cd63-4bc0-b643-e640b25e9e9c"
      unitRef="usd">-110485000</us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease>
    <us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease
      contextRef="ic1e45b89f61a4c5295fb9bc764e6ef59_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl80OS9mcmFnOmZhZTY5MzkyNDIwODRkNTliYWI0MWZmNzMzYmQ2NDcwL3RhYmxlOmYxYzc0NTcwMmE5ZDQyNWZhMmE1ZjEwZDUyMTVjZGQyL3RhYmxlcmFuZ2U6ZjFjNzQ1NzAyYTlkNDI1ZmEyYTVmMTBkNTIxNWNkZDJfNC0xMi0xLTEtNzI2_19f8dcf0-7df2-4808-9507-baab861112b3"
      unitRef="usd">-193020000</us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease>
    <us-gaap:NotesReceivableNet
      contextRef="i759f327f23f74c10b5a30fca56289a64_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfMi0yLTEtMS0w_816ae8f8-55fd-49e8-ac04-5c2959fe549c"
      unitRef="usd">333110000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i992fd8d9be384c5fa3f9b107d5221d13_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfMi00LTEtMS0w_b071febd-a44a-4b1d-9dcf-46337379491e"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i71b61d22a72148a0ab87e1bf45f9b54f_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfMi02LTEtMS0w_a32a837f-50ca-480e-8cea-9d861c44fb77"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i5ca0067cca804f30a06ec54cf495f35d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfMi04LTEtMS0w_ca622068-2393-454f-9196-86a26302db9f"
      unitRef="usd">333110000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i2ee9094e622c4bb8a01ff600377a9345_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfMy0yLTEtMS0w_b1c00f55-4713-404c-8f0e-b91d577ae049"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i1b4edb523d2a468096bc7b9fea209b7d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfMy00LTEtMS0w_a80ebb8b-29d3-4911-865e-871c25f85ecb"
      unitRef="usd">3212526000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i6a736d8854504a0dbe7318bcbfa207b4_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfMy02LTEtMS0w_af4fc1d1-10e9-4993-98b4-7c9d8bf2d370"
      unitRef="usd">626484000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i3c35b4a360274fbdbce58eb94cee9543_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfMy04LTEtMS0w_e5300c9d-bdd1-4696-bb5a-c24aee6fff3d"
      unitRef="usd">3839010000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i646a2cf470584339a776f84648c7de58_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfNC0yLTEtMS0w_43d64d75-a571-4f62-8068-2f93bfa198a3"
      unitRef="usd">333110000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ia4571622537a4ccfa661cb86c8c92941_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfNC00LTEtMS0w_ae7dd6e6-903d-42a3-8cea-307eb3a9d594"
      unitRef="usd">3212526000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="if86deb59fe454b5087f2efd211efade7_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfNC02LTEtMS0w_987ae2ff-2d9c-48ba-9d34-380ec3ce8d7b"
      unitRef="usd">626484000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i47f56227cec14841b1dee37c694a375f_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwMzA1ZmJjNWJmYzQ5N2NiYTYxMzA4MTMyZTBiZmI2L3RhYmxlcmFuZ2U6OTAzMDVmYmM1YmZjNDk3Y2JhNjEzMDgxMzJlMGJmYjZfNC04LTEtMS0w_3e8294b6-31fb-4dae-9010-0c208b3f8caf"
      unitRef="usd">4172120000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i700224b5170c49a8a52e2e792d73b9d8_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfMi0yLTEtMS0w_ffe83b7e-ec73-4b9a-b506-cf799a54caab"
      unitRef="usd">245394000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i9fdf4d7f715248299f1757d9b8a8093e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfMi00LTEtMS0w_b18b1601-ad0e-4d28-9cbc-d2d5fd62d3df"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i83ba52d316374e0fa85630be9139300b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfMi02LTEtMS0w_0aa7faa6-b2b3-4bd4-9af3-d18bf1c3df34"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i45bd2c20abfc462fa0d077d0447ab22a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfMi04LTEtMS0w_6237669b-1283-4c0f-a34c-27df63aa3626"
      unitRef="usd">245394000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i5a00bc1b4e9844c3aedeaaa90f9f22c5_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfMy0yLTEtMS0w_16a1d7c7-3008-404a-ac90-9a9be3adfb42"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="if1cbfbe425c74f42b3b60d81e66f4721_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfMy00LTEtMS0w_70e11d8c-705d-4887-8f9c-d77f5cfc7512"
      unitRef="usd">3249194000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i1ac99c4716bf4be2bbbe04cf3ffe9e8a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfMy02LTEtMS0w_ca2f031c-2f97-4405-9c64-f0f985ac23ee"
      unitRef="usd">641765000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i99944888047f4bcca142e6a2560d335c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfMy04LTEtMS0w_a31ae678-f6d8-4215-ab7f-921950a2b684"
      unitRef="usd">3890959000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i69544bc4880b4709b512957c026644d1_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfNC0yLTEtMS0w_8dfcb3c4-71c9-46e3-9297-d2008f62434b"
      unitRef="usd">245394000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i657db069c0b246c2b0715d47badf1ac2_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfNC00LTEtMS0w_20f760e0-32a8-4679-aa7c-fb1f6ed232b3"
      unitRef="usd">3249194000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i598e2ed93d2f438faf84fa7f9554cc45_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfNC02LTEtMS0w_7b6f0394-dede-4a38-997d-1973260c7dcc"
      unitRef="usd">641765000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ie5dc67319fb045999b8d33a29fe88fe6_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjlkYzU0OGQyN2JmYTQxYTI4N2FhY2MxYmE4M2MzZjI5L3RhYmxlcmFuZ2U6OWRjNTQ4ZDI3YmZhNDFhMjg3YWFjYzFiYTgzYzNmMjlfNC04LTEtMS0w_ebd688f9-33d7-4419-bf14-9ccb224dad1b"
      unitRef="usd">4136353000</us-gaap:NotesReceivableNet>
    <us-gaap:PaymentsToPurchaseLoansHeldForSale
      contextRef="id9091cc798ec40a9a8d0abd57cb6c6c1_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfMi0yLTEtMS03NTk_c59886eb-715c-4d75-accf-506627b2050f"
      unitRef="usd">253098000</us-gaap:PaymentsToPurchaseLoansHeldForSale>
    <us-gaap:PaymentsToPurchaseLoansHeldForSale
      contextRef="i7a06d8ef9df648c1ba3ca1f5d9912977_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfMi00LTEtMS03NTk_57e1a6d6-ac1e-42aa-add9-5320cf479e50"
      unitRef="usd">133229000</us-gaap:PaymentsToPurchaseLoansHeldForSale>
    <us-gaap:PaymentsToPurchaseLoansHeldForSale
      contextRef="ie2bebceaa66b45868c3d330d1f574056_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfMi02LTEtMS03NTk_6d6a4cc8-d9d5-47af-a030-20807af842c6"
      unitRef="usd">260129000</us-gaap:PaymentsToPurchaseLoansHeldForSale>
    <us-gaap:PaymentsToPurchaseLoansHeldForSale
      contextRef="i1bb74b7fc6dd44199c6a4ee431a38f2c_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfMi04LTEtMS03NTk_c522c7d0-d2fb-4aa9-a890-a06f50ac0799"
      unitRef="usd">227368000</us-gaap:PaymentsToPurchaseLoansHeldForSale>
    <rwt:ProceedsFromPrincipalRepaymentsOnSecurities
      contextRef="id9091cc798ec40a9a8d0abd57cb6c6c1_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfMy0yLTEtMS03NTk_7a6ba064-f33f-45e2-ac68-47656617fa7c"
      unitRef="usd">0</rwt:ProceedsFromPrincipalRepaymentsOnSecurities>
    <rwt:ProceedsFromPrincipalRepaymentsOnSecurities
      contextRef="i7a06d8ef9df648c1ba3ca1f5d9912977_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfMy00LTEtMS03NTk_bec13cbe-a9ff-4d0d-8a9b-8d74beeb3c6f"
      unitRef="usd">8877000</rwt:ProceedsFromPrincipalRepaymentsOnSecurities>
    <rwt:ProceedsFromPrincipalRepaymentsOnSecurities
      contextRef="ie2bebceaa66b45868c3d330d1f574056_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfMy02LTEtMS03NTk_353c3a32-cd92-4487-8482-2bfcc7edd9d9"
      unitRef="usd">26148000</rwt:ProceedsFromPrincipalRepaymentsOnSecurities>
    <rwt:ProceedsFromPrincipalRepaymentsOnSecurities
      contextRef="i1bb74b7fc6dd44199c6a4ee431a38f2c_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfMy04LTEtMS03NTk_ab662e87-d94a-4382-842b-7aa4d1b59265"
      unitRef="usd">20735000</rwt:ProceedsFromPrincipalRepaymentsOnSecurities>
    <us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1
      contextRef="id9091cc798ec40a9a8d0abd57cb6c6c1_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNC0yLTEtMS03NTk_69175b73-485a-4330-a895-bc89c07a38d1"
      unitRef="usd">169404000</us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1>
    <us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1
      contextRef="ie2bebceaa66b45868c3d330d1f574056_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNC02LTEtMS03NTk_9b4ba345-e90b-4cac-a888-98eadff5d065"
      unitRef="usd">378109000</us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1>
    <us-gaap:GainLossOnInvestments
      contextRef="id1827563ba8f4411b9a53f0726b7114f_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNS0yLTEtMS03NTk_5ef598ef-a231-4b47-96ec-e941d5b08799"
      unitRef="usd">10248000</us-gaap:GainLossOnInvestments>
    <us-gaap:GainLossOnInvestments
      contextRef="i65144986f02c4b3a9f1d500daf01c1c3_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNS00LTEtMS03NTk_7993a7c9-4d55-46f4-aac8-13ad377068b3"
      unitRef="usd">542000</us-gaap:GainLossOnInvestments>
    <us-gaap:GainLossOnInvestments
      contextRef="i52d7c3a818d84295b506bd8874bc127d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNS02LTEtMS03NTk_364b52ff-2631-43ad-b334-10f733ebf493"
      unitRef="usd">10330000</us-gaap:GainLossOnInvestments>
    <us-gaap:GainLossOnInvestments
      contextRef="i62bf6fa33590429a85700810edb20f68_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNS04LTEtMS03NTk_ca8095d0-48da-4205-8106-1af9cd628bf3"
      unitRef="usd">-164000</us-gaap:GainLossOnInvestments>
    <us-gaap:GainLossOnInvestments
      contextRef="id9091cc798ec40a9a8d0abd57cb6c6c1_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNi0yLTEtMS03NTk_cc2074e7-56d4-4e1f-a07f-ace69c480a51"
      unitRef="usd">0</us-gaap:GainLossOnInvestments>
    <us-gaap:GainLossOnInvestments
      contextRef="i7a06d8ef9df648c1ba3ca1f5d9912977_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNi00LTEtMS03NTk_c0a89299-9f75-4f3e-a07f-89c795f70049"
      unitRef="usd">3304000</us-gaap:GainLossOnInvestments>
    <us-gaap:GainLossOnInvestments
      contextRef="ie2bebceaa66b45868c3d330d1f574056_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNi02LTEtMS03NTk_62f8224b-b572-4a5f-b019-19b2c56ba503"
      unitRef="usd">-23028000</us-gaap:GainLossOnInvestments>
    <us-gaap:GainLossOnInvestments
      contextRef="i1bb74b7fc6dd44199c6a4ee431a38f2c_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjZhNTIxNjc5ZTdjYzQ4YTE4M2U1NTZjYzI3MGZlMzNmL3RhYmxlcmFuZ2U6NmE1MjE2NzllN2NjNDhhMTgzZTU1NmNjMjcwZmUzM2ZfNi04LTEtMS03NTk_b634e503-bae8-49bf-825a-f30027f94a6f"
      unitRef="usd">-38602000</us-gaap:GainLossOnInvestments>
    <us-gaap:PaymentsToPurchaseLoansHeldForSale
      contextRef="i5769de8210e6473094d2c9ac65477852_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTYzOTA1NQ_a4493be4-0b38-4631-8d0d-c80d6a4bc144"
      unitRef="usd">169000000</us-gaap:PaymentsToPurchaseLoansHeldForSale>
    <us-gaap:PaymentsToPurchaseLoansHeldForSale
      contextRef="ia44242cc91994521a9b4d6199cf47431_D20200101-20200331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTYzOTA2Mw_69114f05-405b-4fe7-9c2d-bf19c3f81a5b"
      unitRef="usd">378000000</us-gaap:PaymentsToPurchaseLoansHeldForSale>
    <rwt:NumberOfSecuritizationEntitiesToWhichAssetTransferred
      contextRef="i027f3bd94e094eaebea6cb74a83e2434_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTYzOTE3MA_0f524357-be0b-4b4d-9e2d-9faaebf58ecf"
      unitRef="loan">1</rwt:NumberOfSecuritizationEntitiesToWhichAssetTransferred>
    <rwt:NumberOfSecuritizationEntitiesToWhichAssetTransferred
      contextRef="i3dae746fdc754f95bb37cd5c9e30aefb_I20200331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTYzOTE3OA_5140faec-c67f-4e0d-a0e7-63a70291e036"
      unitRef="loan">1</rwt:NumberOfSecuritizationEntitiesToWhichAssetTransferred>
    <rwt:ServicingFees1
      contextRef="i4991c3886bcb49e9ba0cc754a89e56af_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTYzOTQ2OQ_0394cf11-8d7d-4a4e-8dc1-3753cc43c694"
      unitRef="usd">6000000</rwt:ServicingFees1>
    <rwt:ServicingFees1
      contextRef="id016fee5f6ed4ea39a7339ec48de0db3_D20200101-20200331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MTkwMA_8569508e-0c5d-4a38-b38c-e95e06c0ef90"
      unitRef="usd">8000000</rwt:ServicingFees1>
    <rwt:RealEstateOwnedHeldForInvestmentOriginalMaturityTerm
      contextRef="i84c3bd03dfae40e2941e3015ba95227d_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MTcwMA_e247875a-4330-4e6e-8240-1ad3df3dfd51">P24M</rwt:RealEstateOwnedHeldForInvestmentOriginalMaturityTerm>
    <rwt:RealEstateOwnedHeldForInvestmentAdjustableRatePercent
      contextRef="i7a06d8ef9df648c1ba3ca1f5d9912977_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MzA1Mg_e2195cf6-ab2a-468c-abe3-9c9e79e9891b"
      unitRef="number">0.58</rwt:RealEstateOwnedHeldForInvestmentAdjustableRatePercent>
    <rwt:RealEstateOwnedHeldForInvestmentFixedRatePercentage
      contextRef="i7a06d8ef9df648c1ba3ca1f5d9912977_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MzA1Nw_3a935763-bd7f-4e1e-87ba-d47f51697069"
      unitRef="number">0.42</rwt:RealEstateOwnedHeldForInvestmentFixedRatePercentage>
    <rwt:RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MTkxMw_2e986a83-c20b-4105-ab33-baafd1aeaece"
      unitRef="loan">2</rwt:RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans>
    <us-gaap:TransferToOtherRealEstate
      contextRef="i7a06d8ef9df648c1ba3ca1f5d9912977_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MTk0MQ_cd424a9d-6f39-4971-ac13-eed4e01d78f5"
      unitRef="usd">1000000</us-gaap:TransferToOtherRealEstate>
    <us-gaap:OtherCommitment
      contextRef="if9aa2742c3094fdcb28cf58e3e552800_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MDAxMw_358f54ed-f840-4ceb-b4c7-de56b8ea5e81"
      unitRef="usd">283000000</us-gaap:OtherCommitment>
    <us-gaap:GainLossOnInvestments
      contextRef="idfa2895dc5fd490788914aa70e9df4d3_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjRkYjUzZjIwOWRhMDRiNmI5MzgzOGJjYjFlMTcxYjRlL3RhYmxlcmFuZ2U6NGRiNTNmMjA5ZGEwNGI2YjkzODM4YmNiMWUxNzFiNGVfMi0yLTEtMS03NTk_3506439a-1581-4992-ad67-5786d6a1388f"
      unitRef="usd">-60901000</us-gaap:GainLossOnInvestments>
    <us-gaap:GainLossOnInvestments
      contextRef="i8841d1c35b5941129e927ca5347c82e5_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjRkYjUzZjIwOWRhMDRiNmI5MzgzOGJjYjFlMTcxYjRlL3RhYmxlcmFuZ2U6NGRiNTNmMjA5ZGEwNGI2YjkzODM4YmNiMWUxNzFiNGVfMi00LTEtMS03NTk_89af9f99-3dbf-4ba7-9992-c60cc61f9b00"
      unitRef="usd">-271917000</us-gaap:GainLossOnInvestments>
    <srt:MortgageLoansOnRealEstateNumberOfLoans
      contextRef="i4f85fbc5e6214b4387c1ac57cf698861_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMi0yLTEtMS03NTk_ac6d95dc-0ffc-465e-afdc-7e1bbe25fe17"
      unitRef="loan">77</srt:MortgageLoansOnRealEstateNumberOfLoans>
    <srt:MortgageLoansOnRealEstateNumberOfLoans
      contextRef="idfa2895dc5fd490788914aa70e9df4d3_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMi00LTEtMS03NTk_dabe6edf-1040-494a-a056-55cc06926b3a"
      unitRef="loan">1120</srt:MortgageLoansOnRealEstateNumberOfLoans>
    <srt:MortgageLoansOnRealEstateNumberOfLoans
      contextRef="i492243a7716f4d4fa894f471591d7f5c_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMi02LTEtMS03NTk_3868f1bd-faee-4ea3-8116-2a77c3879de6"
      unitRef="loan">2097</srt:MortgageLoansOnRealEstateNumberOfLoans>
    <us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized
      contextRef="ib29ffcccbd3d40cb9a6d3108ddcd9062_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMy0yLTEtMS03NTk_cd7ddd5b-692b-4aaf-b7e1-be541fe87666"
      unitRef="usd">322181000</us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized>
    <us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized
      contextRef="i504a906c103343dab5bbfc166ac64011_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMy00LTEtMS03NTk_916f499d-e470-4ed2-ad57-9436d8bae311"
      unitRef="usd">3029498000</us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized>
    <us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized
      contextRef="ibca8159304e94b969468cf46289a3001_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMy02LTEtMS03NTk_ee54b497-b700-458a-816e-d620f9fcd2c5"
      unitRef="usd">629934000</us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized>
    <us-gaap:NotesReceivableNet
      contextRef="ib29ffcccbd3d40cb9a6d3108ddcd9062_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNC0yLTEtMS03NTk_97956c0d-bd86-42d8-97dc-9ad7032a3d37"
      unitRef="usd">333110000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i504a906c103343dab5bbfc166ac64011_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNC00LTEtMS03NTk_53821c86-2b80-47fe-a941-37a485acb28b"
      unitRef="usd">3212526000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ibca8159304e94b969468cf46289a3001_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNC02LTEtMS03NTk_b8eb6a14-8cc5-4bfa-ae53-74eefbc88818"
      unitRef="usd">626484000</us-gaap:NotesReceivableNet>
    <rwt:FinancingReceivablesWeightedAverageInterestRate
      contextRef="ib29ffcccbd3d40cb9a6d3108ddcd9062_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNS0yLTEtMS03NTk_1e9907b0-0fc7-4b5f-a414-af33ece44140"
      unitRef="number">0.0484</rwt:FinancingReceivablesWeightedAverageInterestRate>
    <rwt:FinancingReceivablesWeightedAverageInterestRate
      contextRef="i504a906c103343dab5bbfc166ac64011_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNS00LTEtMS03NTk_e607c485-ad6c-4231-a98c-993c6b4d0b51"
      unitRef="number">0.0541</rwt:FinancingReceivablesWeightedAverageInterestRate>
    <rwt:FinancingReceivablesWeightedAverageInterestRate
      contextRef="ibca8159304e94b969468cf46289a3001_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNS02LTEtMS03NTk_1b8ac4ef-d83a-44c7-8f68-594e0bb97a2a"
      unitRef="number">0.0793</rwt:FinancingReceivablesWeightedAverageInterestRate>
    <rwt:FinancingReceivableContractMaturities
      contextRef="i4f85fbc5e6214b4387c1ac57cf698861_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNi0yLTEtMS03NTk_f622c64d-ca36-423f-9570-fb921b26c28e">P7Y</rwt:FinancingReceivableContractMaturities>
    <rwt:FinancingReceivableContractMaturities
      contextRef="idfa2895dc5fd490788914aa70e9df4d3_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNi00LTEtMS03NTk_222846ee-2d09-479a-8cdb-37bc8d06e62b">P5Y</rwt:FinancingReceivableContractMaturities>
    <rwt:FinancingReceivableContractMaturities
      contextRef="i492243a7716f4d4fa894f471591d7f5c_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNi02LTEtMS03NTk_8ae0b7d3-bed4-4158-a187-88833a21b470">P1Y</rwt:FinancingReceivableContractMaturities>
    <us-gaap:GainLossOnInvestments
      contextRef="iff568bac27b748dda1ed15b04d4ef8db_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNy0yLTEtMS03NTk_13596911-34fe-4b57-89c6-3e079c8b2b8a"
      unitRef="usd">74733000</us-gaap:GainLossOnInvestments>
    <us-gaap:GainLossOnInvestments
      contextRef="i73bc7d912e5d46df8ae484491bea4513_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfNy02LTEtMS03NTk_6d45e93f-45f1-49c3-8f62-38481dba138c"
      unitRef="usd">90096000</us-gaap:GainLossOnInvestments>
    <us-gaap:GainLossOnInvestments
      contextRef="ie4ad90a0117047d290b65b6aace0f1e8_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfOC0yLTEtMS03NTk_da478379-f07a-41da-b4fe-20bca6e8f99f"
      unitRef="usd">228125000</us-gaap:GainLossOnInvestments>
    <us-gaap:GainLossOnInvestments
      contextRef="i6a1b962f7b32448faf0ddb1903b37f22_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfOC02LTEtMS03NTk_2af9d4eb-d6ae-4865-9f38-d96a76e3f165"
      unitRef="usd">522050000</us-gaap:GainLossOnInvestments>
    <rwt:FinancingReceivableNumberOfLoansPastDue
      contextRef="icb163bf62a314d2888278e1145d40a15_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTEtMi0xLTEtNzU5_ccecee64-de03-43be-bfac-2e6be1e95990"
      unitRef="loan">9</rwt:FinancingReceivableNumberOfLoansPastDue>
    <rwt:FinancingReceivableNumberOfLoansPastDue
      contextRef="ifc3f1eaa49474916a02c459024768293_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTEtNC0xLTEtNzU5_6955edbd-0c08-43eb-aee4-f96fc0e9755a"
      unitRef="loan">21</rwt:FinancingReceivableNumberOfLoansPastDue>
    <rwt:FinancingReceivableNumberOfLoansPastDue
      contextRef="i98eef0a058c943609e3559a735e76e58_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTEtNi0xLTEtNzU5_f1f39798-8523-48f3-a623-c9d11acdfc55"
      unitRef="loan">31</rwt:FinancingReceivableNumberOfLoansPastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="icb163bf62a314d2888278e1145d40a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTItMi0xLTEtNzU5_249c0a33-b5fc-4b7e-a55e-4fa7057ecc74"
      unitRef="usd">6883000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="ifc3f1eaa49474916a02c459024768293_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTItNC0xLTEtNzU5_b9164097-694f-4a07-b08a-e2f5d6b2cf9a"
      unitRef="usd">57985000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="i98eef0a058c943609e3559a735e76e58_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTItNi0xLTEtNzU5_8d5b4004-d3db-4066-8767-c8d46bb24733"
      unitRef="usd">17850000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <us-gaap:FinancingReceivableRecordedInvestmentPastDue
      contextRef="icb163bf62a314d2888278e1145d40a15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTMtMi0xLTEtNzU5_36363bb2-9b01-4609-a145-49e098ba6188"
      unitRef="usd">5676000</us-gaap:FinancingReceivableRecordedInvestmentPastDue>
    <us-gaap:FinancingReceivableRecordedInvestmentPastDue
      contextRef="i98eef0a058c943609e3559a735e76e58_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTMtNi0xLTEtNzU5_af7a966d-4ee1-4f5f-84eb-2b707d3d117e"
      unitRef="usd">14556000</us-gaap:FinancingReceivableRecordedInvestmentPastDue>
    <rwt:FinancingReceivableNumberOfLoansInForeclosure
      contextRef="ib29ffcccbd3d40cb9a6d3108ddcd9062_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTQtMi0xLTEtNzU5_710ed7b7-f925-4130-a03d-aeda23a4f394"
      unitRef="loan">7</rwt:FinancingReceivableNumberOfLoansInForeclosure>
    <rwt:FinancingReceivableNumberOfLoansInForeclosure
      contextRef="i504a906c103343dab5bbfc166ac64011_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTQtNC0xLTEtNzU5_49852338-2479-4987-acf3-8159d0ae8333"
      unitRef="loan">11</rwt:FinancingReceivableNumberOfLoansInForeclosure>
    <rwt:FinancingReceivableNumberOfLoansInForeclosure
      contextRef="ibca8159304e94b969468cf46289a3001_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTQtNi0xLTEtNzU5_c72969ac-090a-4db5-bece-815be2f7049e"
      unitRef="loan">57</rwt:FinancingReceivableNumberOfLoansInForeclosure>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="ib29ffcccbd3d40cb9a6d3108ddcd9062_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTUtMi0xLTEtNzU5_a6307167-0062-4185-b571-77f68d784f7d"
      unitRef="usd">5976000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="i504a906c103343dab5bbfc166ac64011_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTUtNC0xLTEtNzU5_d30a15fd-c1c6-4745-aa1d-1c151bd8964f"
      unitRef="usd">21234000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="ibca8159304e94b969468cf46289a3001_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTUtNi0xLTEtNzU5_fc8ab8f8-4c50-47b0-ac50-33af9f965863"
      unitRef="usd">20424000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure
      contextRef="ib29ffcccbd3d40cb9a6d3108ddcd9062_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTYtMi0xLTEtNzU5_6340373d-f3ee-4e00-91a9-2a831449db87"
      unitRef="usd">4808000</rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure>
    <rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure
      contextRef="ibca8159304e94b969468cf46289a3001_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjU4YzY0YjgyOGJmZTRhMDZhZGE4ZWIxOTFlYTQ2ODM2L3RhYmxlcmFuZ2U6NThjNjRiODI4YmZlNGEwNmFkYThlYjE5MWVhNDY4MzZfMTYtNi0xLTEtNzU5_e5d50e8d-5de6-476f-98db-bd84beb36d24"
      unitRef="usd">17183000</rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure>
    <srt:MortgageLoansOnRealEstateNumberOfLoans
      contextRef="i72655b57c425465da718bdb2f6183a27_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMi0yLTEtMS03NTk_6c1a8264-1c46-4876-9fd3-ed0539b923f3"
      unitRef="loan">65</srt:MortgageLoansOnRealEstateNumberOfLoans>
    <srt:MortgageLoansOnRealEstateNumberOfLoans
      contextRef="i929788c4ede64530b2427c9b3a12a79a_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMi00LTEtMS03NTk_d5c02a95-e3f6-4876-8fc3-936c496451a2"
      unitRef="loan">1094</srt:MortgageLoansOnRealEstateNumberOfLoans>
    <srt:MortgageLoansOnRealEstateNumberOfLoans
      contextRef="ibcf477e566a64b1ba4a3d2b8df497519_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMi02LTEtMS03NTk_8eb2eedb-9b11-4b36-b3eb-4dcbd8faae99"
      unitRef="loan">1725</srt:MortgageLoansOnRealEstateNumberOfLoans>
    <us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized
      contextRef="i7ad6037d564a4ee2b57d132e9cbb8e26_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMy0yLTEtMS03NTk_ca76f7cd-7379-45bf-8916-b1304c6f6385"
      unitRef="usd">234475000</us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized>
    <us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized
      contextRef="i2cea81bdfda14814ab5e4c7fbbcdb3e6_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMy00LTEtMS03NTk_0c976b5b-3351-4a45-9be3-623d627d5af7"
      unitRef="usd">3017137000</us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized>
    <us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized
      contextRef="iebbdb11da281433fb1664cf80991141b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMy02LTEtMS03NTk_57c156d1-b987-438a-a7f1-bc88f0c866c5"
      unitRef="usd">649532000</us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized>
    <us-gaap:NotesReceivableNet
      contextRef="i7ad6037d564a4ee2b57d132e9cbb8e26_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNC0yLTEtMS03NTk_fec9f2a2-c0c8-400d-822b-3c4d2b93de7d"
      unitRef="usd">245394000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i2cea81bdfda14814ab5e4c7fbbcdb3e6_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNC00LTEtMS03NTk_56b36bc3-e9fb-4272-af86-2671e07e5f87"
      unitRef="usd">3249194000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="iebbdb11da281433fb1664cf80991141b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNC02LTEtMS03NTk_d80ba783-5475-481a-a77d-c437b188ecd5"
      unitRef="usd">641765000</us-gaap:NotesReceivableNet>
    <rwt:FinancingReceivablesWeightedAverageInterestRate
      contextRef="i7ad6037d564a4ee2b57d132e9cbb8e26_I20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNS0yLTEtMS03NTk_be508a78-71ab-4aef-bca5-8a3f99d00bfa"
      unitRef="number">0.0484</rwt:FinancingReceivablesWeightedAverageInterestRate>
    <rwt:FinancingReceivablesWeightedAverageInterestRate
      contextRef="i2cea81bdfda14814ab5e4c7fbbcdb3e6_I20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNS00LTEtMS03NTk_2740603d-ed4b-4ddd-85e4-e8958376379e"
      unitRef="number">0.0544</rwt:FinancingReceivablesWeightedAverageInterestRate>
    <rwt:FinancingReceivablesWeightedAverageInterestRate
      contextRef="iebbdb11da281433fb1664cf80991141b_I20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNS02LTEtMS03NTk_b6286fb4-5d99-4458-9595-d7c6210f35be"
      unitRef="number">0.0809</rwt:FinancingReceivablesWeightedAverageInterestRate>
    <rwt:FinancingReceivableContractMaturities
      contextRef="i72655b57c425465da718bdb2f6183a27_D20200101-20201231"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNi0yLTEtMS03NTk_0320b002-e4e6-443b-b8d7-232a781d83c2">P8Y</rwt:FinancingReceivableContractMaturities>
    <rwt:FinancingReceivableContractMaturities
      contextRef="i929788c4ede64530b2427c9b3a12a79a_D20200101-20201231"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNi00LTEtMS03NTk_ac580a13-a392-46b5-aae9-04bc434c2661">P5Y</rwt:FinancingReceivableContractMaturities>
    <rwt:FinancingReceivableContractMaturities
      contextRef="ibcf477e566a64b1ba4a3d2b8df497519_D20200101-20201231"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNi02LTEtMS03NTk_0753b379-5ed3-437f-a061-ac4a234c9e37">P1Y</rwt:FinancingReceivableContractMaturities>
    <us-gaap:GainLossOnInvestments
      contextRef="iae9b973f96ef4677bb359a4c156a9c3a_D20200101-20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNy0yLTEtMS03NTk_04e35b1b-eb80-40ba-9f2e-285766fe3aad"
      unitRef="usd">34098000</us-gaap:GainLossOnInvestments>
    <us-gaap:GainLossOnInvestments
      contextRef="i11156c8ad810432a9ccd33592d0e9219_D20200101-20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfNy02LTEtMS03NTk_3fe3e01a-405b-4fac-b2af-83f27eb0858f"
      unitRef="usd">92931000</us-gaap:GainLossOnInvestments>
    <us-gaap:GainLossOnInvestments
      contextRef="i081e92dcf4c34922aada903500073b34_D20200101-20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfOC0yLTEtMS03NTk_6c57993a-182e-46c7-b3e2-682c41f6727e"
      unitRef="usd">154774000</us-gaap:GainLossOnInvestments>
    <us-gaap:GainLossOnInvestments
      contextRef="i040d58fcfa4d444fb048d24030cb504f_D20200101-20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfOC02LTEtMS03NTk_2cbc4318-2962-4078-a98d-982337805415"
      unitRef="usd">544151000</us-gaap:GainLossOnInvestments>
    <rwt:FinancingReceivableNumberOfLoansPastDue
      contextRef="iaa4b46b9f47047a793b26cb3b2e9074c_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTEtMi0xLTEtNzU5_d3cfbec0-adbb-4719-a32e-4db8c84788f1"
      unitRef="loan">10</rwt:FinancingReceivableNumberOfLoansPastDue>
    <rwt:FinancingReceivableNumberOfLoansPastDue
      contextRef="i25bf69d82ffa40c8bb7622709ff706e0_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTEtNC0xLTEtNzU5_851c262a-c43f-4b7e-94f5-46f52e72ce75"
      unitRef="loan">22</rwt:FinancingReceivableNumberOfLoansPastDue>
    <rwt:FinancingReceivableNumberOfLoansPastDue
      contextRef="i854d5bb7d03a4b9288b07561a48f731e_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTEtNi0xLTEtNzU5_a564792b-85d4-4193-b442-33c78163f69e"
      unitRef="loan">31</rwt:FinancingReceivableNumberOfLoansPastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="iaa4b46b9f47047a793b26cb3b2e9074c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTItMi0xLTEtNzU5_0179b024-154c-4051-8546-3868fc4413a6"
      unitRef="usd">7127000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="i25bf69d82ffa40c8bb7622709ff706e0_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTItNC0xLTEtNzU5_d6b2b354-4a3f-46dd-935c-9160932e587b"
      unitRef="usd">61440000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="i854d5bb7d03a4b9288b07561a48f731e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTItNi0xLTEtNzU5_e5b06151-d5f4-44e0-9192-d62772f1a3d0"
      unitRef="usd">39415000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <us-gaap:FinancingReceivableRecordedInvestmentPastDue
      contextRef="iaa4b46b9f47047a793b26cb3b2e9074c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTMtMi0xLTEtNzU5_fed543eb-148c-4096-9c07-26ff673da510"
      unitRef="usd">6143000</us-gaap:FinancingReceivableRecordedInvestmentPastDue>
    <us-gaap:FinancingReceivableRecordedInvestmentPastDue
      contextRef="i854d5bb7d03a4b9288b07561a48f731e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTMtNi0xLTEtNzU5_0aa4a232-5b0c-4101-973d-7543d1dcbff1"
      unitRef="usd">33605000</us-gaap:FinancingReceivableRecordedInvestmentPastDue>
    <rwt:FinancingReceivableNumberOfLoansInForeclosure
      contextRef="i7ad6037d564a4ee2b57d132e9cbb8e26_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTQtMi0xLTEtNzU5_65ec17bb-1b66-45d9-9a9b-7929160103e2"
      unitRef="loan">0</rwt:FinancingReceivableNumberOfLoansInForeclosure>
    <rwt:FinancingReceivableNumberOfLoansInForeclosure
      contextRef="i2cea81bdfda14814ab5e4c7fbbcdb3e6_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTQtNC0xLTEtNzU5_d42a4af1-9e42-4853-93bf-ef60e483915f"
      unitRef="loan">10</rwt:FinancingReceivableNumberOfLoansInForeclosure>
    <rwt:FinancingReceivableNumberOfLoansInForeclosure
      contextRef="iebbdb11da281433fb1664cf80991141b_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTQtNi0xLTEtNzU5_6723226e-34b8-4efb-b9fa-b6a0bc968f57"
      unitRef="loan">25</rwt:FinancingReceivableNumberOfLoansInForeclosure>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="i7ad6037d564a4ee2b57d132e9cbb8e26_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTUtMi0xLTEtNzU5_c85e7f87-06cc-4548-8fb3-eda980653062"
      unitRef="usd">0</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="i2cea81bdfda14814ab5e4c7fbbcdb3e6_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTUtNC0xLTEtNzU5_fc0383bf-c3ae-49e2-a1e6-d434f0d31383"
      unitRef="usd">24745000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
      contextRef="iebbdb11da281433fb1664cf80991141b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTUtNi0xLTEtNzU5_77ed189f-a642-40ad-b987-da7f170ab52c"
      unitRef="usd">38552000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
    <rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure
      contextRef="i7ad6037d564a4ee2b57d132e9cbb8e26_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTYtMi0xLTEtNzU5_f21f6889-bcfb-45f8-9268-dda44e4d9fa9"
      unitRef="usd">0</rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure>
    <rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure
      contextRef="iebbdb11da281433fb1664cf80991141b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RhYmxlOjkwZDI3ODQ0NWQ5MzRlODc4OTI4ZWE2YTU3YWFiNTQ4L3RhYmxlcmFuZ2U6OTBkMjc4NDQ1ZDkzNGU4Nzg5MjhlYTZhNTdhYWI1NDhfMTYtNi0xLTEtNzU5_0990445e-32fa-4d46-a2c4-9e3cbf4a8668"
      unitRef="usd">33066000</rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure>
    <rwt:ScheduleOfMultifamilyLoansTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RleHRyZWdpb246ZTIxY2I0MTEwZWFhNGViZDk4YmEyYjBlZjMyYzgyN2VfMTYwNA_fd73e9ba-4197-4899-87d3-ee31542e1384">The following table summarizes the characteristics of the multifamily loans consolidated at Redwood at March&#160;31, 2021 and December&#160;31, 2020.&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 8.1 &#x2013; Characteristics of Multifamily Loans&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:12pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:61.677%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.816%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.819%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unpaid principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;460,861&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;462,808&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Weighted average coupon&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4.25&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4.25&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Weighted average remaining loan term (years)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"&gt;Delinquency information&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans with 90+ day delinquencies&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Number of loans in foreclosure&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The outstanding multifamily loans held-for-investment at the consolidated Freddie Mac K-Series entity at March&#160;31, 2021 were first-lien, fixed-rate loans that were originated in 2015. The following table provides the activity of multifamily loans held-for-investment during the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 8.2 &#x2013; Activity of Multifamily Loans Held-for-Investment&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:12pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:68.622%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.344%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.346%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Net market valuation gains (losses) recorded &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(730)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(82,431)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Net market valuation gains (losses) on multifamily loans held-for-investment are recorded through Investment fair value changes, net on our consolidated statements of income (loss). For loans held at our consolidated Freddie Mac K-Series entity, market value changes are based on the estimated fair value of the associated ABS issued, including securities we own, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investment in these securitization entities is presented in Table 4.2&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%"&gt;.&lt;/span&gt;&lt;/div&gt;</rwt:ScheduleOfMultifamilyLoansTableTextBlock>
    <srt:MortgageLoansOnRealEstateNumberOfLoans
      contextRef="i90e33127c0584ae9a929b38116f475d1_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfMS0yLTEtMS04NjI_b9da5f3d-3010-477b-aac9-182b11f9a2fe"
      unitRef="loan">28</srt:MortgageLoansOnRealEstateNumberOfLoans>
    <srt:MortgageLoansOnRealEstateNumberOfLoans
      contextRef="i17c00bbc0d6d444a85b6f4ea447c35b7_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfMS00LTEtMS04NjI_c142c8da-29eb-40d9-b1e5-2b878b71d5a3"
      unitRef="loan">28</srt:MortgageLoansOnRealEstateNumberOfLoans>
    <us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized
      contextRef="i258d738321df44be85dc4dffa20da8cf_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfMi0yLTEtMS04NjI_a2e78ab7-d05a-48f6-90eb-7dcd3d62fb3b"
      unitRef="usd">460861000</us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized>
    <us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized
      contextRef="i7f338722ac60493c871ea336fcdd75a7_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfMi00LTEtMS04NjI_ff391fe9-6f0b-43f0-9156-351eb5a95150"
      unitRef="usd">462808000</us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized>
    <us-gaap:NotesReceivableNet
      contextRef="i258d738321df44be85dc4dffa20da8cf_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfMy0yLTEtMS04NjI_bb94dbb6-3f65-4f89-bb78-2b94345afee0"
      unitRef="usd">489545000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i7f338722ac60493c871ea336fcdd75a7_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfMy00LTEtMS04NjI_780d88b0-a921-4275-af84-d90a61a94faf"
      unitRef="usd">492221000</us-gaap:NotesReceivableNet>
    <rwt:FinancingReceivablesWeightedAverageInterestRate
      contextRef="i258d738321df44be85dc4dffa20da8cf_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfNC0yLTEtMS04NjI_5bff5224-92eb-4318-b794-cd6a2ff17aaa"
      unitRef="number">0.0425</rwt:FinancingReceivablesWeightedAverageInterestRate>
    <rwt:FinancingReceivablesWeightedAverageInterestRate
      contextRef="i7f338722ac60493c871ea336fcdd75a7_I20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfNC00LTEtMS04NjI_4bbf8217-a13a-4b48-8a85-d54cc8694b99"
      unitRef="number">0.0425</rwt:FinancingReceivablesWeightedAverageInterestRate>
    <rwt:FinancingReceivableContractMaturities
      contextRef="i90e33127c0584ae9a929b38116f475d1_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfNS0yLTEtMS04NjI_dcb3633c-532c-435f-a4bd-a65aaebb5199">P5Y</rwt:FinancingReceivableContractMaturities>
    <rwt:FinancingReceivableContractMaturities
      contextRef="i17c00bbc0d6d444a85b6f4ea447c35b7_D20200101-20201231"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfNS00LTEtMS04NjI_2a98b354-832f-47d7-84ba-161ddced0ae4">P5Y</rwt:FinancingReceivableContractMaturities>
    <rwt:FinancingReceivableNumberOfLoansPastDue
      contextRef="i398ba31d834940e8b89e1b8955f5fb25_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfOC0yLTEtMS04NjI_62b40c43-f5b7-4a05-b266-4f7f6cdd44bb"
      unitRef="loan">0</rwt:FinancingReceivableNumberOfLoansPastDue>
    <rwt:FinancingReceivableNumberOfLoansPastDue
      contextRef="i82f27914fb814a928e04eacc5d5184dc_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfOC00LTEtMS04NjI_0c949a02-0743-4360-add1-1f8e3c83d811"
      unitRef="loan">0</rwt:FinancingReceivableNumberOfLoansPastDue>
    <rwt:FinancingReceivableNumberOfLoansInForeclosure
      contextRef="i258d738321df44be85dc4dffa20da8cf_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfMTEtMi0xLTEtODYy_7d7a4efb-b811-4846-97c8-2c8264e91622"
      unitRef="loan">0</rwt:FinancingReceivableNumberOfLoansInForeclosure>
    <rwt:FinancingReceivableNumberOfLoansInForeclosure
      contextRef="i7f338722ac60493c871ea336fcdd75a7_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmJiOTUyM2E4YmM2YTRiZmNiZjg5ZmU1NDk0OWQ3ZDg2L3RhYmxlcmFuZ2U6YmI5NTIzYThiYzZhNGJmY2JmODlmZTU0OTQ5ZDdkODZfMTEtNC0xLTEtODYy_0ef874ee-44c9-4315-8776-791942c9903d"
      unitRef="loan">0</rwt:FinancingReceivableNumberOfLoansInForeclosure>
    <us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease
      contextRef="i898b10084a474e908eea70879fb991af_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmU1NmQ1YWJiNGRiMDQzNDA4ZWE5YzM5N2JkY2NiZjYwL3RhYmxlcmFuZ2U6ZTU2ZDVhYmI0ZGIwNDM0MDhlYTljMzk3YmRjY2JmNjBfMi0yLTEtMS04NzA_16974aa0-d27d-413f-a934-fa5a09c13d2f"
      unitRef="usd">-730000</us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease>
    <us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease
      contextRef="i5c34befa77754c9c81bfbe01f6427164_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82MS9mcmFnOmUyMWNiNDExMGVhYTRlYmQ5OGJhMmIwZWYzMmM4MjdlL3RhYmxlOmU1NmQ1YWJiNGRiMDQzNDA4ZWE5YzM5N2JkY2NiZjYwL3RhYmxlcmFuZ2U6ZTU2ZDVhYmI0ZGIwNDM0MDhlYTljMzk3YmRjY2JmNjBfMi00LTEtMS04NzA_180fa03d-166e-4539-904d-a1baf15e42e3"
      unitRef="usd">-82431000</us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease>
    <us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTAxODE_6f7acfd3-adc5-47b2-8807-8ee7b695fd6f">Real Estate Securities&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We invest in real estate securities that we create and retain from our Sequoia securitizations or acquire from third parties. The following table presents the fair values of our real estate securities by type at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.1 &#x2013; Fair Values of Real Estate Securities by Type &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trading&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;145,390&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;125,667&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Available-for-sale&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;218,930&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;218,458&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Real Estate Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;364,320&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;344,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Our real estate securities include mortgage-backed securities, which are presented in accordance with their general position within a securitization structure based on their rights to cash flows. Senior securities are those interests in a securitization that generally have the first right to cash flows and are last in line to absorb losses. Mezzanine securities are interests that are generally subordinate to senior securities in their rights to receive cash flows, and have subordinate securities below them that are first to absorb losses. Subordinate securities are all interests below mezzanine. Exclusive of our re-performing loan securities, nearly all of our residential securities are supported by collateral that was designated as prime at the time of issuance. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Trading Securities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We elected the fair value option for certain securities and classify them as trading securities. Our trading securities include both residential and multifamily mortgage-backed securities, and our residential securities also include securities backed by re-performing loans ("RPL"). The following table presents the fair value of trading securities by position and collateral type at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.2 &#x2013; Fair Value of Trading Securities by Position &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Senior &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest-only securities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31,580&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,464&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Senior&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31,580&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,464&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Mezzanine&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Sequoia securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,649&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Mezzanine&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,649&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;RPL securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;59,958&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;47,448&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Multifamily securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,437&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,592&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other third-party residential securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;44,415&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,514&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Subordinate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;113,810&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;93,554&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Trading Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;145,390&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;125,667&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Includes $18 million and $13 million of Sequoia certificated mortgage servicing rights at March&#160;31, 2021 and December&#160;31, 2020, respectively.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the unpaid principal balance of trading securities by position and collateral type at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.3 &#x2013; Unpaid Principal Balance of Trading Securities by Position &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Senior &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mezzanine&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,577&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Subordinate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;225,762&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;242,278&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Trading Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;225,762&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;245,855&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Our senior trading securities include interest-only securities, for which there is no principal balance.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides the activity of trading securities during the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.4 &#x2013; Trading Securities Activity&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:68.622%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.344%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.346%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Principal balance of securities acquired&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,880&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;56,471&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Principal balance of securities sold&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;34,743&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;618,867&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Net market valuation gains (losses) recorded &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,349&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(263,325)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Net market valuation gains (losses) on trading securities are recorded through Investment fair value changes, net and Mortgage banking activities, net on our consolidated statements of income (loss).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;AFS Securities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the fair value of our available-for-sale securities by position and collateral type at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.5 &#x2013; Fair Value of Available-for-Sale Securities by Position &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:12pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Mezzanine&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other third-party residential securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,014&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Mezzanine&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,014&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Sequoia securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;141,632&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;136,475&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Multifamily securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,647&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;43,663&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other third-party residential securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,651&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;36,306&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Subordinate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;218,930&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;216,444&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total AFS Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;218,930&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;218,458&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides the activity of available-for-sale securities during the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.6 &#x2013; Available-for-Sale Securities Activity&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:12pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:68.622%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.344%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.346%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of securities acquired&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,078&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31,181&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of securities sold&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,200&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;46,457&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Net realized gains recorded &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;200&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,852&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;During the three months ended March 31, 2021, we called one of our unconsolidated Sequoia entities, and purchased $19&#160;million (unpaid principal balance) of loans from the securitization trust. In association with this call, we realized a $2&#160;million gain on the securities we owned from this securitization, which was recognized through Realized gains, net on our consolidated statements of income.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We often purchase AFS securities at a discount to their outstanding principal balances. To the extent we purchase an AFS security that has a likelihood of incurring a loss, we do not amortize into income the portion of the purchase discount that we do not expect to collect due to the inherent credit risk of the security. We may also expense a portion of our investment in the security to the extent we believe that principal losses will exceed the purchase discount. We designate any amount of unpaid principal balance that we do not expect to receive and thus do not expect to earn or recover as a credit reserve on the security. Any remaining net unamortized discounts or premiums on the security are amortized into income over time using the effective yield method. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;At March&#160;31, 2021, we had $35 million of AFS securities with contractual maturities less than five years, $4 million with contractual maturities greater than five years but less than ten years, and the remainder of our AFS securities had contractual maturities greater than ten years.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the components of carrying value (which equals fair value) of AFS securities at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.7 &#x2013; Carrying Value of AFS Securities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:56.400%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.374%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Mezzanine&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;273,595&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;273,595&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Credit reserve&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(44,947)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(44,947)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Unamortized discount, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(94,188)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(94,188)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Amortized cost&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;134,460&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;134,460&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gross unrealized gains&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;84,735&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;84,735&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gross unrealized losses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(252)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(252)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;CECL allowance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(13)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(13)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Carrying Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;218,930&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;218,930&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:56.400%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.374%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Mezzanine&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;281,284&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;283,284&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Credit reserve&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(44,967)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(44,967)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Unamortized discount, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(95,718)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(95,718)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Amortized cost&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;140,599&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;142,599&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gross unrealized gains&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;77,280&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;77,294&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gross unrealized losses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,047)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,047)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;CECL allowance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(388)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(388)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Carrying Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,014&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;216,444&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;218,458&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the changes for the three months ended March&#160;31, 2021, in unamortized discount and designated credit reserves on residential AFS securities.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.8 &#x2013; Changes in Unamortized Discount and Designated Credit Reserves on AFS Securities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:64.177%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.569%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Credit&lt;br/&gt;Reserve&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Unamortized&lt;br/&gt;Discount, Net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Beginning balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;44,967&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;95,718&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Amortization of net discount&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,614)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Realized credit losses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(137)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Acquisitions&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,935&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;840&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Sales, calls, other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(274)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,300)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Transfers to (release of) credit reserves, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,544)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,544&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Ending Balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;44,947&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;94,188&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;AFS Securities with Unrealized Losses&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the components comprising the total carrying value of residential AFS securities that were in a gross unrealized loss position at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.9 &#x2013; Components of Fair Value of AFS Securities by Holding Periods &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.444%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:33.536%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.095%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.095%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.095%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.095%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.095%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.101%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Less Than 12 Consecutive Months&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;12 Consecutive Months or Longer&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Amortized&lt;br/&gt;Cost&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Unrealized&lt;br/&gt;Losses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Amortized&lt;br/&gt;Cost&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Unrealized &lt;br/&gt;Losses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;490&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;488&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,421&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(250)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,158&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,129&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,047)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,920&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;At March&#160;31, 2021, after giving effect to purchases, sales, and extinguishment due to credit losses, our consolidated balance sheet included 93 AFS securities, of which four were in an unrealized loss position and three were in a continuous unrealized loss position for 12 consecutive months or longer. At December&#160;31, 2020, our consolidated balance sheet included 96 AFS securities, of which five were in an unrealized loss position and zero were in a continuous unrealized loss position for 12 consecutive months or longer.&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span&gt;&lt;br/&gt;&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Evaluating AFS Securities for Credit Losses &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Gross unrealized losses on our AFS securities were $0.3 million at March&#160;31, 2021. We evaluate all securities in an unrealized loss position to determine if the impairment is credit-related (resulting in an allowance for credit losses recorded in earnings) or non-credit-related (resulting in an unrealized loss through other comprehensive income). At March&#160;31, 2021, we did not intend to sell any of our AFS securities that were in an unrealized loss position, and it is more likely than not that we will not be required to sell these securities before recovery of their amortized cost basis, which may be at their maturity. We review our AFS securities that are in an unrealized loss position to identify those securities with losses based on an assessment of changes in expected cash flows for such securities, which considers recent security performance and expected future performance of the underlying collateral. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;At March&#160;31, 2021, our current expected credit loss ("CECL") allowance related to our AFS securities was $13 thousand. AFS securities for which an allowance is recognized have experienced, or are expected to experience, credit-related adverse cash flow changes. In determining our estimate of cash flows for AFS securities we may consider factors such as structural credit enhancement, past and expected future performance of underlying mortgage loans, including timing of expected future cash flows, which are informed by prepayment rates, default rates, loss severities, delinquency rates, percentage of non-performing loans, FICO scores at loan origination, year of origination, loan-to-value ratios, and geographic concentrations, as well as general market assessments. Changes in our evaluation of these factors impacted the cash flows expected to be collected at the assessment date and were used to determine if there were credit-related adverse cash flows and if so, the amount of credit related losses. Significant judgment is used in both our analysis of the expected cash flows for our AFS securities and any determination of security credit losses. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The table below summarizes the weighted average of the significant credit quality indicators we used for the credit loss allowance on our AFS securities at March&#160;31, 2021. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.10 &#x2013; Significant Credit Quality Indicators&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:85.011%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.095%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate Securities&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Default rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.7%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loss severity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;24%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table details the activity related to the allowance for credit losses for AFS securities for the three months ended March&#160;31, 2021.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.11 &#x2013; Rollforward of Allowance for Credit Losses&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:79.455%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.651%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Beginning balance allowance for credit losses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;388&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Additions to allowance for credit losses on securities for which credit losses were not previously recorded&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Additional increases (decreases) to the allowance for credit losses on securities that had an allowance recorded in a previous period&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(375)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Allowance on purchased financial assets with credit deterioration&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Reduction to allowance for securities sold during the period&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Reduction to allowance for securities we intend to sell or more likely than not will be required to sell&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Write-offs charged against allowance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Recoveries of amounts previously written off&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Ending balance of allowance for credit losses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Gains and losses from the sale of AFS securities are recorded as Realized gains, net, in our consolidated statements of income (loss). The following table presents the gross realized gains and losses on sales and calls of AFS securities for the three months ended March&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span&gt;&lt;br/&gt;&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.12 &#x2013; Gross Realized Gains and Losses on AFS Securities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:69.455%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.930%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gross realized gains - sales&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;200&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,705&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gross realized gains - calls&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,408&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gross realized losses - sales&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,853)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Realized Gains on Sales and Calls of AFS Securities, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,608&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,852&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock>
    <rwt:FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTAyMTQ_ec6e1e26-47b2-4f64-89ce-d6cfd871a39c">The following table presents the fair values of our real estate securities by type at March&#160;31, 2021 and December&#160;31, 2020.&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.1 &#x2013; Fair Values of Real Estate Securities by Type &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trading&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;145,390&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;125,667&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Available-for-sale&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;218,930&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;218,458&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Real Estate Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;364,320&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;344,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</rwt:FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock>
    <us-gaap:TradingSecurities
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjA2MTc2ODdhNDRjYzQ0MjY5MzA1NTUwMzhmZjAyNmFkL3RhYmxlcmFuZ2U6MDYxNzY4N2E0NGNjNDQyNjkzMDU1NTAzOGZmMDI2YWRfMS0yLTEtMS0w_ce2b675c-c728-4d43-9301-53a27ad71df6"
      unitRef="usd">145390000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjA2MTc2ODdhNDRjYzQ0MjY5MzA1NTUwMzhmZjAyNmFkL3RhYmxlcmFuZ2U6MDYxNzY4N2E0NGNjNDQyNjkzMDU1NTAzOGZmMDI2YWRfMS00LTEtMS0w_1a51e43e-9834-4fad-ba2c-d8a9cfeb5e35"
      unitRef="usd">125667000</us-gaap:TradingSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjA2MTc2ODdhNDRjYzQ0MjY5MzA1NTUwMzhmZjAyNmFkL3RhYmxlcmFuZ2U6MDYxNzY4N2E0NGNjNDQyNjkzMDU1NTAzOGZmMDI2YWRfMi0yLTEtMS0w_8c255ade-7fbf-4a4d-9129-95a41ba14df2"
      unitRef="usd">218930000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjA2MTc2ODdhNDRjYzQ0MjY5MzA1NTUwMzhmZjAyNmFkL3RhYmxlcmFuZ2U6MDYxNzY4N2E0NGNjNDQyNjkzMDU1NTAzOGZmMDI2YWRfMi00LTEtMS0w_65f6608e-b26c-4d61-9caa-f6795f31afdf"
      unitRef="usd">218458000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:MarketableSecurities
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjA2MTc2ODdhNDRjYzQ0MjY5MzA1NTUwMzhmZjAyNmFkL3RhYmxlcmFuZ2U6MDYxNzY4N2E0NGNjNDQyNjkzMDU1NTAzOGZmMDI2YWRfMy0yLTEtMS0w_68ea3b75-712f-4907-ad43-fb09bfe5893c"
      unitRef="usd">364320000</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjA2MTc2ODdhNDRjYzQ0MjY5MzA1NTUwMzhmZjAyNmFkL3RhYmxlcmFuZ2U6MDYxNzY4N2E0NGNjNDQyNjkzMDU1NTAzOGZmMDI2YWRfMy00LTEtMS0w_3ca52f1b-07dd-4c36-94bc-ed2cc02ea918"
      unitRef="usd">344125000</us-gaap:MarketableSecurities>
    <us-gaap:TradingSecuritiesAndCertainTradingAssetsTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMjE5OTAyMzI3MTc5Mg_71ea614d-cf84-4c77-b1b1-8eec8e714a43">The following table presents the fair value of trading securities by position and collateral type at March&#160;31, 2021 and December&#160;31, 2020.&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.2 &#x2013; Fair Value of Trading Securities by Position &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Senior &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest-only securities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31,580&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,464&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Senior&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31,580&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,464&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Mezzanine&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Sequoia securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,649&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Mezzanine&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,649&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;RPL securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;59,958&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;47,448&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Multifamily securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,437&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,592&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other third-party residential securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;44,415&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,514&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Subordinate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;113,810&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;93,554&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Trading Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;145,390&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;125,667&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Includes $18 million and $13 million of Sequoia certificated mortgage servicing rights at March&#160;31, 2021 and December&#160;31, 2020, respectively.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the unpaid principal balance of trading securities by position and collateral type at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.3 &#x2013; Unpaid Principal Balance of Trading Securities by Position &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Senior &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mezzanine&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,577&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Subordinate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;225,762&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;242,278&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Trading Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;225,762&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;245,855&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Our senior trading securities include interest-only securities, for which there is no principal balance.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides the activity of trading securities during the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.4 &#x2013; Trading Securities Activity&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:68.622%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.344%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.346%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Principal balance of securities acquired&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,880&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;56,471&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Principal balance of securities sold&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;34,743&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;618,867&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Net market valuation gains (losses) recorded &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,349&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(263,325)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Net market valuation gains (losses) on trading securities are recorded through Investment fair value changes, net and Mortgage banking activities, net on our consolidated statements of income (loss).&lt;/span&gt;&lt;/div&gt;</us-gaap:TradingSecuritiesAndCertainTradingAssetsTextBlock>
    <us-gaap:TradingSecurities
      contextRef="ifa125fa7982b41c6a0f84d85e202a003_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMi0yLTEtMS04ODI_5dbe48b4-4161-44b8-9162-bf89280f8272"
      unitRef="usd">31580000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i3bc70ceab2be406ca3967b0d16134e6e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMi00LTEtMS04ODI_8b82042c-944d-4c2c-8a90-f98f63162231"
      unitRef="usd">28464000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i163568cdc6d8470b925904fdd2d48760_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfNS0yLTEtMS00MTIw_8888a04e-f530-44ea-b0dd-41334b38ce4f"
      unitRef="usd">31580000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i10fc64439ad54fa2911816b2ad988d2c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfNS00LTEtMS00MTIw_23e4aa64-a2e5-4835-84a9-d41f3e8a09ea"
      unitRef="usd">28464000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i676a6293c98647e2a109ae47dc1d9af6_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfNy0yLTEtMS04ODI_6133fac5-34d9-408d-838f-6f9d4019437f"
      unitRef="usd">0</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i497ed11c483842a89ca5aab9ff3bfd90_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfNy00LTEtMS04ODI_0803f669-e004-480d-bd2f-7a9f0ff033c8"
      unitRef="usd">3649000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTAtMi0xLTEtNDEyMA_2dd413dd-ec92-40e2-a864-ce139dc0d7c2"
      unitRef="usd">0</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTAtNC0xLTEtNDEyMA_29aec7a0-44fc-4657-85a0-94c16b6abb10"
      unitRef="usd">3649000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i1d0f02cd624145a6ab3b9152598c5991_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTItMi0xLTEtODgy_7e83a966-deee-4fed-bf73-ecfc0ab4ca5c"
      unitRef="usd">59958000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="ice150911e82a42c6b2a42b17c82d4757_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTItNC0xLTEtODgy_a8fbd60b-4456-4ed5-a373-7113b6c92b6f"
      unitRef="usd">47448000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="ic67c1f6ddb7943d39d3439c7594c8338_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTMtMi0xLTEtODgy_258e2294-bb45-485e-add8-52bae1e7a9da"
      unitRef="usd">9437000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i63940858be88458c8de85b82b7a58cb6_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTMtNC0xLTEtODgy_15e431f1-5759-4845-8e75-3b47e5a187ba"
      unitRef="usd">5592000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="ibd2177829f2449bdaaef16308a9f09d8_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTQtMi0xLTEtODgy_139e66d7-f794-40f6-8372-fae3120a7bae"
      unitRef="usd">44415000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i47f33d28635445c5a3696fcce771a9d1_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTQtNC0xLTEtODgy_f868655b-ca49-4e97-b3a5-e1f542b164cb"
      unitRef="usd">40514000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="ib52307d397bc4c12b59cdeaa48728bce_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTUtMi0xLTEtNDEyMA_fab60bd4-00dd-43a6-83ff-8b14423ee15e"
      unitRef="usd">113810000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i1459dc70790d4680b659614fef5cbba2_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTUtNC0xLTEtNDEyMA_d7bee8d8-9356-46b8-bdeb-8be80b1f67dd"
      unitRef="usd">93554000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTYtMi0xLTEtNDEyMA_68535ae7-ad7e-490a-bce1-f55928047ea8"
      unitRef="usd">145390000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0NDhiZjk4ZWE3YzQzOWU4ZjBiNWNhOWNkZDYwNmZjL3RhYmxlcmFuZ2U6NjQ0OGJmOThlYTdjNDM5ZThmMGI1Y2E5Y2RkNjA2ZmNfMTYtNC0xLTEtNDEyMA_8808e312-2b68-46b2-a079-7c9731a26331"
      unitRef="usd">125667000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i92fce1e8be4a40e3ae33e07c1d1da8f1_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTA5OTUxMTY0MjIyOA_fb624860-496e-432d-aea2-1c56d3aed12a"
      unitRef="usd">18000000</us-gaap:TradingSecurities>
    <us-gaap:TradingSecurities
      contextRef="i2a987fc08b724bc195636b4a2b789b45_I20201231"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTA5OTUxMTY0MjI0Ng_9ed89f47-9eeb-4484-bd69-ac7c4333d421"
      unitRef="usd">13000000</us-gaap:TradingSecurities>
    <us-gaap:InvestmentOwnedBalancePrincipalAmount
      contextRef="i163568cdc6d8470b925904fdd2d48760_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjcwNzhiNDMzMmU2NDRhYmM4ODFiN2Y4MTZmNjE5NzdhL3RhYmxlcmFuZ2U6NzA3OGI0MzMyZTY0NGFiYzg4MWI3ZjgxNmY2MTk3N2FfMS0yLTEtMS04ODI_40bdcca3-d533-40bd-9516-6678a02b595c"
      unitRef="usd">0</us-gaap:InvestmentOwnedBalancePrincipalAmount>
    <us-gaap:InvestmentOwnedBalancePrincipalAmount
      contextRef="i10fc64439ad54fa2911816b2ad988d2c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjcwNzhiNDMzMmU2NDRhYmM4ODFiN2Y4MTZmNjE5NzdhL3RhYmxlcmFuZ2U6NzA3OGI0MzMyZTY0NGFiYzg4MWI3ZjgxNmY2MTk3N2FfMS00LTEtMS04ODI_789552c4-4753-4854-8df6-5b299ff40500"
      unitRef="usd">0</us-gaap:InvestmentOwnedBalancePrincipalAmount>
    <us-gaap:InvestmentOwnedBalancePrincipalAmount
      contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjcwNzhiNDMzMmU2NDRhYmM4ODFiN2Y4MTZmNjE5NzdhL3RhYmxlcmFuZ2U6NzA3OGI0MzMyZTY0NGFiYzg4MWI3ZjgxNmY2MTk3N2FfMi0yLTEtMS04ODI_1f03cd8e-329a-407c-826e-b0853f0048f3"
      unitRef="usd">0</us-gaap:InvestmentOwnedBalancePrincipalAmount>
    <us-gaap:InvestmentOwnedBalancePrincipalAmount
      contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjcwNzhiNDMzMmU2NDRhYmM4ODFiN2Y4MTZmNjE5NzdhL3RhYmxlcmFuZ2U6NzA3OGI0MzMyZTY0NGFiYzg4MWI3ZjgxNmY2MTk3N2FfMi00LTEtMS04ODI_4fe2d313-12dd-41f8-b7be-aa562eef6fa6"
      unitRef="usd">3577000</us-gaap:InvestmentOwnedBalancePrincipalAmount>
    <us-gaap:InvestmentOwnedBalancePrincipalAmount
      contextRef="ib52307d397bc4c12b59cdeaa48728bce_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjcwNzhiNDMzMmU2NDRhYmM4ODFiN2Y4MTZmNjE5NzdhL3RhYmxlcmFuZ2U6NzA3OGI0MzMyZTY0NGFiYzg4MWI3ZjgxNmY2MTk3N2FfMy0yLTEtMS04ODI_a6f8e707-a987-43cb-bdcc-d16dc2c23842"
      unitRef="usd">225762000</us-gaap:InvestmentOwnedBalancePrincipalAmount>
    <us-gaap:InvestmentOwnedBalancePrincipalAmount
      contextRef="i1459dc70790d4680b659614fef5cbba2_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjcwNzhiNDMzMmU2NDRhYmM4ODFiN2Y4MTZmNjE5NzdhL3RhYmxlcmFuZ2U6NzA3OGI0MzMyZTY0NGFiYzg4MWI3ZjgxNmY2MTk3N2FfMy00LTEtMS04ODI_c6ff6cfb-ae22-4f8e-8439-693fc2cef95f"
      unitRef="usd">242278000</us-gaap:InvestmentOwnedBalancePrincipalAmount>
    <us-gaap:InvestmentOwnedBalancePrincipalAmount
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjcwNzhiNDMzMmU2NDRhYmM4ODFiN2Y4MTZmNjE5NzdhL3RhYmxlcmFuZ2U6NzA3OGI0MzMyZTY0NGFiYzg4MWI3ZjgxNmY2MTk3N2FfNC0yLTEtMS00MTI3_e786805a-af9f-4d4b-b60e-ec7b672a9d05"
      unitRef="usd">225762000</us-gaap:InvestmentOwnedBalancePrincipalAmount>
    <us-gaap:InvestmentOwnedBalancePrincipalAmount
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjcwNzhiNDMzMmU2NDRhYmM4ODFiN2Y4MTZmNjE5NzdhL3RhYmxlcmFuZ2U6NzA3OGI0MzMyZTY0NGFiYzg4MWI3ZjgxNmY2MTk3N2FfNC00LTEtMS00MTI5_44bd8ab3-644f-4a24-ab83-e0c0004e2eb5"
      unitRef="usd">245855000</us-gaap:InvestmentOwnedBalancePrincipalAmount>
    <us-gaap:PaymentsToAcquireTradingSecuritiesHeldforinvestment
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllOTk2Yjk4YzJiZTQ3ZmI5ZDQ4NDU5NTkzNmIxZWE5L3RhYmxlcmFuZ2U6OWU5OTZiOThjMmJlNDdmYjlkNDg0NTk1OTM2YjFlYTlfMi0yLTEtMS04ODI_3f79a528-7855-4236-a26e-0a2c680d4576"
      unitRef="usd">15880000</us-gaap:PaymentsToAcquireTradingSecuritiesHeldforinvestment>
    <us-gaap:PaymentsToAcquireTradingSecuritiesHeldforinvestment
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllOTk2Yjk4YzJiZTQ3ZmI5ZDQ4NDU5NTkzNmIxZWE5L3RhYmxlcmFuZ2U6OWU5OTZiOThjMmJlNDdmYjlkNDg0NTk1OTM2YjFlYTlfMi00LTEtMS04ODI_d3b4881e-d103-4a23-81bb-5a9bd79691d3"
      unitRef="usd">56471000</us-gaap:PaymentsToAcquireTradingSecuritiesHeldforinvestment>
    <us-gaap:ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllOTk2Yjk4YzJiZTQ3ZmI5ZDQ4NDU5NTkzNmIxZWE5L3RhYmxlcmFuZ2U6OWU5OTZiOThjMmJlNDdmYjlkNDg0NTk1OTM2YjFlYTlfMy0yLTEtMS04ODI_2fe17f53-381c-406a-a2c5-c08db3073dd8"
      unitRef="usd">34743000</us-gaap:ProceedsFromSaleOfTradingSecuritiesHeldforinvestment>
    <us-gaap:ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllOTk2Yjk4YzJiZTQ3ZmI5ZDQ4NDU5NTkzNmIxZWE5L3RhYmxlcmFuZ2U6OWU5OTZiOThjMmJlNDdmYjlkNDg0NTk1OTM2YjFlYTlfMy00LTEtMS04ODI_1b662241-62d3-460e-a51a-2af32c2331d9"
      unitRef="usd">618867000</us-gaap:ProceedsFromSaleOfTradingSecuritiesHeldforinvestment>
    <us-gaap:IncreaseDecreaseInTradingSecurities
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllOTk2Yjk4YzJiZTQ3ZmI5ZDQ4NDU5NTkzNmIxZWE5L3RhYmxlcmFuZ2U6OWU5OTZiOThjMmJlNDdmYjlkNDg0NTk1OTM2YjFlYTlfNC0yLTEtMS04ODI_dd9d68d0-d5b2-49b4-adbe-38ccdb507a9e"
      unitRef="usd">21349000</us-gaap:IncreaseDecreaseInTradingSecurities>
    <us-gaap:IncreaseDecreaseInTradingSecurities
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllOTk2Yjk4YzJiZTQ3ZmI5ZDQ4NDU5NTkzNmIxZWE5L3RhYmxlcmFuZ2U6OWU5OTZiOThjMmJlNDdmYjlkNDg0NTk1OTM2YjFlYTlfNC00LTEtMS04ODI_4b5befc6-1a03-4930-b825-b9f8d9ba4ebb"
      unitRef="usd">-263325000</us-gaap:IncreaseDecreaseInTradingSecurities>
    <us-gaap:DebtSecuritiesAvailableForSaleTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMjc0ODc3OTA4NTY4Mg_eec7d81a-887b-4b98-8a44-eabc6bc94cfb">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the fair value of our available-for-sale securities by position and collateral type at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.5 &#x2013; Fair Value of Available-for-Sale Securities by Position &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:12pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Mezzanine&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other third-party residential securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,014&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Mezzanine&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,014&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Sequoia securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;141,632&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;136,475&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Multifamily securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,647&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;43,663&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other third-party residential securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,651&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;36,306&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Subordinate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;218,930&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;216,444&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total AFS Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;218,930&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;218,458&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides the activity of available-for-sale securities during the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.6 &#x2013; Available-for-Sale Securities Activity&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:12pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:68.622%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.344%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.346%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of securities acquired&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,078&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31,181&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Fair value of securities sold&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,200&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;46,457&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Net realized gains recorded &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;200&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,852&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:DebtSecuritiesAvailableForSaleTableTextBlock>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="i6bfbf5123f75499d8e0a8f1f8c13ca08_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfNy0yLTEtMS05Mjc_c6464e4b-004f-4921-ba0d-90ccec39f1af"
      unitRef="usd">0</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="i3b6a6fe53c1447f4ae3ec62037436186_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfNy00LTEtMS05Mjc_f73025e3-6064-4001-9138-14d815e1c335"
      unitRef="usd">2014000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfOC0yLTEtMS00MTUx_14216068-a038-4bda-8926-3ba3af60c4c2"
      unitRef="usd">0</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfOC00LTEtMS00MTUx_5624d531-a73b-41c2-b4a7-fecdaa95049b"
      unitRef="usd">2014000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="i2e7e1af524744d54be912674de5931df_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTAtMi0xLTEtOTI3_6d75b52e-91fa-4224-9f7d-ef530cc7c814"
      unitRef="usd">141632000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="i268587586c3b475ba5b74f369cd77541_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTAtNC0xLTEtOTI3_7245b609-8d83-4a6c-b0a0-4298d65c8db5"
      unitRef="usd">136475000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="ic67c1f6ddb7943d39d3439c7594c8338_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTEtMi0xLTEtOTI3_9c3a6873-94a0-4d84-a2e4-5d0c02d9dfea"
      unitRef="usd">38647000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="i63940858be88458c8de85b82b7a58cb6_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTEtNC0xLTEtOTI3_5ea263c5-1169-4953-9be6-6549d7c8ddc4"
      unitRef="usd">43663000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="ibd2177829f2449bdaaef16308a9f09d8_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTItMi0xLTEtOTI3_dac81862-b07a-4445-8438-8ad71d1c3a05"
      unitRef="usd">38651000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="i47f33d28635445c5a3696fcce771a9d1_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTItNC0xLTEtOTI3_5e4e2445-3d1a-4d4b-933d-458dcd92d7d2"
      unitRef="usd">36306000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="ib52307d397bc4c12b59cdeaa48728bce_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTMtMi0xLTEtNDE1MQ_e7249309-b74b-439d-ae29-ed3b262f5596"
      unitRef="usd">218930000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="i1459dc70790d4680b659614fef5cbba2_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTMtNC0xLTEtNDE1MQ_6b7b179d-8f74-4030-b28d-68112b3ff33e"
      unitRef="usd">216444000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTQtMi0xLTEtNDE1MQ_29f10e0c-c2a2-4441-820f-432f4600aa4d"
      unitRef="usd">218930000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjYzODg0NjRjOWJmMTQzNjJhZWZiNTI4ZWFlYWIzYWYyL3RhYmxlcmFuZ2U6NjM4ODQ2NGM5YmYxNDM2MmFlZmI1MjhlYWVhYjNhZjJfMTQtNC0xLTEtNDE1MQ_1b5e20f5-eee3-4c97-bd8d-6beca74c5c9f"
      unitRef="usd">218458000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:PaymentsToAcquireAvailableForSaleSecuritiesDebt
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0MjBlZmFiNDA4NjRlYTA4OWQ1NmY1NDNmMzIyNjEwL3RhYmxlcmFuZ2U6NjQyMGVmYWI0MDg2NGVhMDg5ZDU2ZjU0M2YzMjI2MTBfMi0yLTEtMS05Mjc_ac5efdff-47d2-48cd-9d6b-c71421e91803"
      unitRef="usd">1078000</us-gaap:PaymentsToAcquireAvailableForSaleSecuritiesDebt>
    <us-gaap:PaymentsToAcquireAvailableForSaleSecuritiesDebt
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0MjBlZmFiNDA4NjRlYTA4OWQ1NmY1NDNmMzIyNjEwL3RhYmxlcmFuZ2U6NjQyMGVmYWI0MDg2NGVhMDg5ZDU2ZjU0M2YzMjI2MTBfMi00LTEtMS05Mjc_101f57ce-cd6c-469b-8cc0-46d4a5656260"
      unitRef="usd">31181000</us-gaap:PaymentsToAcquireAvailableForSaleSecuritiesDebt>
    <us-gaap:ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0MjBlZmFiNDA4NjRlYTA4OWQ1NmY1NDNmMzIyNjEwL3RhYmxlcmFuZ2U6NjQyMGVmYWI0MDg2NGVhMDg5ZDU2ZjU0M2YzMjI2MTBfMy0yLTEtMS05Mjc_f9a05e60-ef68-4878-abec-64c6b753d8e6"
      unitRef="usd">2200000</us-gaap:ProceedsFromSaleOfAvailableForSaleSecuritiesDebt>
    <us-gaap:ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0MjBlZmFiNDA4NjRlYTA4OWQ1NmY1NDNmMzIyNjEwL3RhYmxlcmFuZ2U6NjQyMGVmYWI0MDg2NGVhMDg5ZDU2ZjU0M2YzMjI2MTBfMy00LTEtMS05Mjc_7316af96-c27b-4c16-b24f-fec7b077fd3d"
      unitRef="usd">46457000</us-gaap:ProceedsFromSaleOfAvailableForSaleSecuritiesDebt>
    <us-gaap:DebtSecuritiesAvailableForSaleRealizedGain
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0MjBlZmFiNDA4NjRlYTA4OWQ1NmY1NDNmMzIyNjEwL3RhYmxlcmFuZ2U6NjQyMGVmYWI0MDg2NGVhMDg5ZDU2ZjU0M2YzMjI2MTBfNC0yLTEtMS05Mjc_614567bc-f35f-4c88-a0ad-511de29bf312"
      unitRef="usd">200000</us-gaap:DebtSecuritiesAvailableForSaleRealizedGain>
    <us-gaap:DebtSecuritiesAvailableForSaleRealizedGain
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjY0MjBlZmFiNDA4NjRlYTA4OWQ1NmY1NDNmMzIyNjEwL3RhYmxlcmFuZ2U6NjQyMGVmYWI0MDg2NGVhMDg5ZDU2ZjU0M2YzMjI2MTBfNC00LTEtMS05Mjc_1e436e3c-d702-44f3-9c88-1eec2b571591"
      unitRef="usd">3852000</us-gaap:DebtSecuritiesAvailableForSaleRealizedGain>
    <rwt:UnpaidPrincipalBalanceOfSecuritizationPurchased
      contextRef="i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTA5OTUxMTY0NDk3Ng_323e2af0-3d4d-4bf9-b718-a10eb43aeb7c"
      unitRef="usd">19000000</rwt:UnpaidPrincipalBalanceOfSecuritizationPurchased>
    <us-gaap:GainLossOnSecuritizationOfFinancialAssets
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTA5OTUxMTY0NTA2MQ_36d41065-6f8a-42e6-9a30-c490e85702a1"
      unitRef="usd">2000000</us-gaap:GainLossOnSecuritizationOfFinancialAssets>
    <us-gaap:AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
      contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNTkwNg_90173bc1-6b86-4e38-b326-f517d50346e6"
      unitRef="usd">35000000</us-gaap:AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost>
    <us-gaap:AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
      contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNTk2OQ_af5513b5-4f38-4b69-8f64-888005cecb51"
      unitRef="usd">4000000</us-gaap:AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost>
    <us-gaap:ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTAyMzE_c93fbcd2-107d-4aea-90fb-078c00a31116">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the components of carrying value (which equals fair value) of AFS securities at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.7 &#x2013; Carrying Value of AFS Securities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:56.400%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.374%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Mezzanine&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;273,595&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;273,595&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Credit reserve&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(44,947)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(44,947)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Unamortized discount, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(94,188)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(94,188)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Amortized cost&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;134,460&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;134,460&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gross unrealized gains&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;84,735&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;84,735&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gross unrealized losses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(252)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(252)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;CECL allowance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(13)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(13)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Carrying Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;218,930&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;218,930&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:56.400%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.374%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Mezzanine&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;281,284&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;283,284&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Credit reserve&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(44,967)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(44,967)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Unamortized discount, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(95,718)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(95,718)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Amortized cost&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;140,599&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;142,599&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gross unrealized gains&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;77,280&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;77,294&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gross unrealized losses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,047)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,047)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;CECL allowance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(388)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(388)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Carrying Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,014&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;216,444&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;218,458&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock>
    <rwt:DebtSecuritiesAvailableForSalePrincipalBalance
      contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfMi00LTEtMS0w_e819e58d-ad27-44a7-8bb8-9fbbfba28cfd"
      unitRef="usd">0</rwt:DebtSecuritiesAvailableForSalePrincipalBalance>
    <rwt:DebtSecuritiesAvailableForSalePrincipalBalance
      contextRef="i74c1aa9ef373459083200de520cff7ba_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfMi02LTEtMS0w_6391131b-3e7c-415e-95b0-fc098ad35a6b"
      unitRef="usd">273595000</rwt:DebtSecuritiesAvailableForSalePrincipalBalance>
    <rwt:DebtSecuritiesAvailableForSalePrincipalBalance
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfMi04LTEtMS0w_35171270-7485-466a-b820-a3c603166640"
      unitRef="usd">273595000</rwt:DebtSecuritiesAvailableForSalePrincipalBalance>
    <rwt:DebtSecuritiesAvailableForSaleCreditReserve
      contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfMy00LTEtMS0w_c1c27519-7a7a-4976-b208-88450ecbb23d"
      unitRef="usd">0</rwt:DebtSecuritiesAvailableForSaleCreditReserve>
    <rwt:DebtSecuritiesAvailableForSaleCreditReserve
      contextRef="i74c1aa9ef373459083200de520cff7ba_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfMy02LTEtMS0w_9dfdae14-b28d-4146-b092-874a5ab86870"
      unitRef="usd">44947000</rwt:DebtSecuritiesAvailableForSaleCreditReserve>
    <rwt:DebtSecuritiesAvailableForSaleCreditReserve
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfMy04LTEtMS0w_6109cde8-afe0-436a-b0fe-bcf7fcca6820"
      unitRef="usd">44947000</rwt:DebtSecuritiesAvailableForSaleCreditReserve>
    <rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums
      contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNC00LTEtMS0w_6f41b408-2c15-4bb7-aab4-4d24e38c663d"
      unitRef="usd">0</rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums>
    <rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums
      contextRef="i74c1aa9ef373459083200de520cff7ba_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNC02LTEtMS0w_2b61e7ae-484f-4f98-8b01-2e8b70368c91"
      unitRef="usd">94188000</rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums>
    <rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNC04LTEtMS0w_b9e1d9e1-4327-44b0-8818-6f83315fd259"
      unitRef="usd">94188000</rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums>
    <us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
      contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNS00LTEtMS0w_f88953e1-501d-4360-ae54-a5418b6cccf6"
      unitRef="usd">0</us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis>
    <us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
      contextRef="i74c1aa9ef373459083200de520cff7ba_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNS02LTEtMS0w_3ddfd649-11ae-468b-944b-078ff48e4689"
      unitRef="usd">134460000</us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis>
    <us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNS04LTEtMS0w_30372f95-0075-4bea-bbf0-ebf3e7158780"
      unitRef="usd">134460000</us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis>
    <us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
      contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNi00LTEtMS0w_5abc1343-78cd-4a2b-a8d1-9d32d3957750"
      unitRef="usd">0</us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
    <us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
      contextRef="i74c1aa9ef373459083200de520cff7ba_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNi02LTEtMS0w_48dcc9e3-96ad-4de0-bcf3-b21179f1312e"
      unitRef="usd">84735000</us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
    <us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNi04LTEtMS0w_9367c0c0-47f2-45bf-99fd-349cffa8f215"
      unitRef="usd">84735000</us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
    <us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
      contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNy00LTEtMS0w_354e3589-b673-4ffa-9b32-d83c006ed884"
      unitRef="usd">0</us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax>
    <us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
      contextRef="i74c1aa9ef373459083200de520cff7ba_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNy02LTEtMS0w_80235c4e-ff2a-441e-a469-bc88df2f5e86"
      unitRef="usd">252000</us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax>
    <us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfNy04LTEtMS0w_d5f411fe-fe3b-4935-afdf-0319ff0d927e"
      unitRef="usd">252000</us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
      contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfOC00LTEtMS0w_13086be3-0bc3-431d-a7f3-643dfeeb5c83"
      unitRef="usd">0</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
      contextRef="i74c1aa9ef373459083200de520cff7ba_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfOC02LTEtMS0w_5096281e-bc9f-4212-a795-24320a5ec45b"
      unitRef="usd">13000</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfOC04LTEtMS0w_36d92f01-1c93-428e-b051-564add6464ce"
      unitRef="usd">13000</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="i24ba3e546daa4b11ad0d46521186bd9d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfOS00LTEtMS0w_3331550d-3324-4798-88e5-01267b78e9ce"
      unitRef="usd">0</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="i74c1aa9ef373459083200de520cff7ba_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfOS02LTEtMS0w_25424e73-b512-492f-a1fe-7785ba7b935b"
      unitRef="usd">218930000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjM5NDVlNDI3NzE5MjRmMzg4NWRmYjY2YTM2NjkwNTkyL3RhYmxlcmFuZ2U6Mzk0NWU0Mjc3MTkyNGYzODg1ZGZiNjZhMzY2OTA1OTJfOS04LTEtMS0w_0f5a48c5-87fa-4ab4-95d0-2dde14cad656"
      unitRef="usd">218930000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <rwt:DebtSecuritiesAvailableForSalePrincipalBalance
      contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfMi00LTEtMS0w_3c6f1107-c12e-4b8c-864e-b5238b6359a7"
      unitRef="usd">2000000</rwt:DebtSecuritiesAvailableForSalePrincipalBalance>
    <rwt:DebtSecuritiesAvailableForSalePrincipalBalance
      contextRef="i3d5db6b065a04c388079adccfbf780e3_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfMi02LTEtMS0w_b29b6484-5588-42c8-93ad-2fca69a1533e"
      unitRef="usd">281284000</rwt:DebtSecuritiesAvailableForSalePrincipalBalance>
    <rwt:DebtSecuritiesAvailableForSalePrincipalBalance
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfMi04LTEtMS0w_b57e1084-b13f-4ef6-8882-512a14335ab6"
      unitRef="usd">283284000</rwt:DebtSecuritiesAvailableForSalePrincipalBalance>
    <rwt:DebtSecuritiesAvailableForSaleCreditReserve
      contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfMy00LTEtMS0w_fe8d9d71-f4e5-49c1-ba94-0521ce77e2e3"
      unitRef="usd">0</rwt:DebtSecuritiesAvailableForSaleCreditReserve>
    <rwt:DebtSecuritiesAvailableForSaleCreditReserve
      contextRef="i3d5db6b065a04c388079adccfbf780e3_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfMy02LTEtMS0w_8ca994df-d38e-4c70-a1d9-48e1554e53a4"
      unitRef="usd">44967000</rwt:DebtSecuritiesAvailableForSaleCreditReserve>
    <rwt:DebtSecuritiesAvailableForSaleCreditReserve
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfMy04LTEtMS0w_d88be8f8-77fe-4595-9ea3-b5b9bc6c55a0"
      unitRef="usd">44967000</rwt:DebtSecuritiesAvailableForSaleCreditReserve>
    <rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums
      contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNC00LTEtMS0w_9be0f302-cceb-4b5a-8187-cb3800d02405"
      unitRef="usd">0</rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums>
    <rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums
      contextRef="i3d5db6b065a04c388079adccfbf780e3_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNC02LTEtMS0w_f38d63c2-4c86-4370-8820-2447e2baa94d"
      unitRef="usd">95718000</rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums>
    <rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNC04LTEtMS0w_03bf87ae-9497-449d-aa4d-18f773e3975c"
      unitRef="usd">95718000</rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums>
    <us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
      contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNS00LTEtMS0w_18bad799-b02d-4227-a895-51f03f7b82c0"
      unitRef="usd">2000000</us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis>
    <us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
      contextRef="i3d5db6b065a04c388079adccfbf780e3_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNS02LTEtMS0w_705acd2e-f55f-4346-9552-e0b248c6e3d9"
      unitRef="usd">140599000</us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis>
    <us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNS04LTEtMS0w_c5150373-5b54-47dc-ae3b-4723a3d745a0"
      unitRef="usd">142599000</us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis>
    <us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
      contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNi00LTEtMS0w_7998ae83-0a5f-4570-857f-a2e84656c3bc"
      unitRef="usd">14000</us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
    <us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
      contextRef="i3d5db6b065a04c388079adccfbf780e3_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNi02LTEtMS0w_1258e759-79d1-47f7-b456-5e13be2723e0"
      unitRef="usd">77280000</us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
    <us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNi04LTEtMS0w_3d65bcfd-cb27-407b-b863-b27770cbda08"
      unitRef="usd">77294000</us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
    <us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
      contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNy00LTEtMS0w_44838fd9-9423-4618-9869-9375b0fe5a17"
      unitRef="usd">0</us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax>
    <us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
      contextRef="i3d5db6b065a04c388079adccfbf780e3_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNy02LTEtMS0w_7a92ce07-0b4e-459c-9ebe-32760c0dcf57"
      unitRef="usd">1047000</us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax>
    <us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfNy04LTEtMS0w_2c6596ed-0a5a-46b7-b094-3704ba721f4e"
      unitRef="usd">1047000</us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
      contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfOC00LTEtMS05NzU_588097f7-72ad-4e2f-91ad-e9a7feb6fb7f"
      unitRef="usd">0</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
      contextRef="i3d5db6b065a04c388079adccfbf780e3_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfOC02LTEtMS05NzU_4349f71b-10f6-41de-9231-2caba823f4cb"
      unitRef="usd">388000</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfOC04LTEtMS05NzU_4c2e3f2f-1f66-4b3f-a3fe-e186607fe805"
      unitRef="usd">388000</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="i34f4903af04441ffa61dd0a495e84f33_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfOC00LTEtMS0w_5ac5fbb3-493d-4b23-ac19-b87b2811e230"
      unitRef="usd">2014000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="i3d5db6b065a04c388079adccfbf780e3_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfOC02LTEtMS0w_557b646d-2d41-417b-972c-2d736d3c1a82"
      unitRef="usd">216444000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <us-gaap:AvailableForSaleSecuritiesDebtSecurities
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmRhZWMzMTZkYjgwZDQ4MWI5NTg4NTAwODQ2YWU1YTkzL3RhYmxlcmFuZ2U6ZGFlYzMxNmRiODBkNDgxYjk1ODg1MDA4NDZhZTVhOTNfOC04LTEtMS0w_6e3b9f0b-f1d8-41a1-b6cf-d68eb5fa90bd"
      unitRef="usd">218458000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
    <rwt:UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTAyNDU_1f3819fa-0701-4689-ac6e-391da6969a5b">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the changes for the three months ended March&#160;31, 2021, in unamortized discount and designated credit reserves on residential AFS securities.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.8 &#x2013; Changes in Unamortized Discount and Designated Credit Reserves on AFS Securities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:64.177%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.569%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Credit&lt;br/&gt;Reserve&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Unamortized&lt;br/&gt;Discount, Net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Beginning balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;44,967&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;95,718&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Amortization of net discount&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,614)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Realized credit losses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(137)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Acquisitions&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,935&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;840&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Sales, calls, other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(274)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,300)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Transfers to (release of) credit reserves, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,544)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,544&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Ending Balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;44,947&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;94,188&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</rwt:UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
      contextRef="i51ab6e842d5f422ab735aaae63348ae1_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfMy0yLTEtMS0w_475da7d7-3ebc-4a9b-89c4-66bd44840830"
      unitRef="usd">44967000</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss>
    <rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums
      contextRef="i51ab6e842d5f422ab735aaae63348ae1_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfMy00LTEtMS0w_7a45776a-1e43-461b-a0f8-9ecc991eafd7"
      unitRef="usd">95718000</rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums>
    <rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium
      contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfNC0yLTEtMS0w_75b32e5d-9442-44a3-bb63-23d990866151"
      unitRef="usd">0</rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium>
    <rwt:AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium
      contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfNC00LTEtMS0w_1267f2fe-b23f-4085-a1ec-d992520fe5d3"
      unitRef="usd">-1614000</rwt:AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium>
    <rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses
      contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfNS0yLTEtMS0w_439e0102-b153-4e46-a8ba-2ff37b8d3cd7"
      unitRef="usd">-137000</rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses>
    <rwt:AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses
      contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfNS00LTEtMS0w_03356af3-7fcd-411e-b1ec-66bb94490988"
      unitRef="usd">0</rwt:AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses>
    <rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions
      contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfNi0yLTEtMS0w_4c9d2a53-3585-49f8-a2ee-8d5819524282"
      unitRef="usd">1935000</rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions>
    <rwt:AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions
      contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfNi00LTEtMS0w_2efcee52-a73b-4307-8fca-0b7356cf8434"
      unitRef="usd">840000</rwt:AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
      contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfNy0yLTEtMS0w_6efbd401-99ed-467c-aaa2-b56c2504030e"
      unitRef="usd">274000</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold>
    <rwt:AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther
      contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfNy00LTEtMS0w_a5ab5fcd-01ec-4e85-895f-d99d7807ecb2"
      unitRef="usd">2300000</rwt:AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther>
    <us-gaap:DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal
      contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfOS0yLTEtMS0w_a18d5d1e-8e8e-41d1-b666-803950268ba2"
      unitRef="usd">-1544000</us-gaap:DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal>
    <rwt:AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves
      contextRef="ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfOS00LTEtMS0w_aea38858-2c43-4f0d-8e49-344babc03a1a"
      unitRef="usd">1544000</rwt:AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
      contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfMTAtMi0xLTEtMA_3ac53e31-a877-4d7d-848a-e8be04d74eac"
      unitRef="usd">44947000</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss>
    <rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums
      contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjBkZTQ2YTk4MGU4NDRkMmE4MmYxZmJhOTQxYjYxM2E0L3RhYmxlcmFuZ2U6MGRlNDZhOTgwZTg0NGQyYTgyZjFmYmE5NDFiNjEzYTRfMTAtNC0xLTEtMA_1825a610-11e0-494f-8657-94bf8292b043"
      unitRef="usd">94188000</rwt:DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums>
    <us-gaap:DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTAyMzM_aaf963e3-4bea-4946-bb1a-8c99d1e9b4b1">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the components comprising the total carrying value of residential AFS securities that were in a gross unrealized loss position at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.9 &#x2013; Components of Fair Value of AFS Securities by Holding Periods &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.444%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:33.536%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.095%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.095%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.095%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.095%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.095%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.498%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.101%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Less Than 12 Consecutive Months&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;12 Consecutive Months or Longer&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Amortized&lt;br/&gt;Cost&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Unrealized&lt;br/&gt;Losses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Amortized&lt;br/&gt;Cost&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Unrealized &lt;br/&gt;Losses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;490&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;488&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,421&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(250)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,158&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,129&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,047)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,920&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock>
    <rwt:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost
      contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfMy0yLTEtMS0w_fcb6d16e-2b44-4739-befe-32e999c6cacf"
      unitRef="usd">490000</rwt:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost>
    <us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
      contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfMy00LTEtMS0w_a008387d-a88d-4650-9643-8a80f40c493c"
      unitRef="usd">2000</us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss>
    <us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
      contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfMy02LTEtMS0w_0f592ba2-1f55-4679-99ac-5b1f244a75aa"
      unitRef="usd">488000</us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months>
    <rwt:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost
      contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfMy04LTEtMS0w_7ee59398-b6ec-4b5b-930a-3cbf85625384"
      unitRef="usd">6421000</rwt:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost>
    <us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
      contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfMy0xMC0xLTEtMA_d524323b-ad60-4e89-9861-82a561201dd0"
      unitRef="usd">250000</us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss>
    <us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
      contextRef="i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfMy0xMi0xLTEtMA_0db7c1b0-800f-4bda-8a0a-19e071e3a05f"
      unitRef="usd">6158000</us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger>
    <rwt:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost
      contextRef="i51ab6e842d5f422ab735aaae63348ae1_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfNC0yLTEtMS0w_6c111121-5dcf-46c7-8869-db866151b529"
      unitRef="usd">9129000</rwt:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost>
    <us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
      contextRef="i51ab6e842d5f422ab735aaae63348ae1_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfNC00LTEtMS0w_3afd95b3-aca3-4c87-8af7-3a65c93129c0"
      unitRef="usd">1047000</us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss>
    <us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
      contextRef="i51ab6e842d5f422ab735aaae63348ae1_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfNC02LTEtMS0w_a0b74241-e6dd-47bb-82bb-1da9492a0bac"
      unitRef="usd">7920000</us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months>
    <rwt:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost
      contextRef="i51ab6e842d5f422ab735aaae63348ae1_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfNC04LTEtMS0w_af60dd31-5cdc-4ea8-bdd8-ffb1bba64a95"
      unitRef="usd">0</rwt:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost>
    <us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
      contextRef="i51ab6e842d5f422ab735aaae63348ae1_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfNC0xMC0xLTEtMA_39d490f6-d7ea-4eec-bb9b-8ad933eb389b"
      unitRef="usd">0</us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss>
    <us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
      contextRef="i51ab6e842d5f422ab735aaae63348ae1_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjZmMWNiZTdmNmI4MzRlMGQ4NDI1NjcxNzFhNDgwYWRkL3RhYmxlcmFuZ2U6NmYxY2JlN2Y2YjgzNGUwZDg0MjU2NzE3MWE0ODBhZGRfNC0xMi0xLTEtMA_c29308ad-a6d6-4027-83da-906914bd9684"
      unitRef="usd">0</us-gaap:DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger>
    <rwt:NumberOfAvailableForSaleSecurities
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNjkzNA_37b0aa83-400b-46b6-be87-adada306d8db"
      unitRef="investment">93</rwt:NumberOfAvailableForSaleSecurities>
    <us-gaap:DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNjk2Mg_725a7eb1-842f-413f-95bd-a4238e211cd9"
      unitRef="investment">4</us-gaap:DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions>
    <rwt:NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNzAwNA_3c870259-4a89-49cb-9e1d-8658da04c074"
      unitRef="investment">3</rwt:NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths>
    <rwt:NumberOfAvailableForSaleSecurities
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNzEzNw_a126aa2f-6356-4826-92b0-42ac348de7a1"
      unitRef="investment">96</rwt:NumberOfAvailableForSaleSecurities>
    <us-gaap:DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNzE2NQ_8812a46f-ba5b-416f-babd-bc2191dbfadb"
      unitRef="investment">5</us-gaap:DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions>
    <rwt:NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNzIwNw_48105277-accf-4b57-a4ba-0e8ef53bba1c"
      unitRef="investment">0</rwt:NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths>
    <us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-5"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfNzM4OQ_50c4767e-e55e-4896-aca2-ed4ecfd2b8aa"
      unitRef="usd">300000</us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfODQwOQ_f703c6d7-00f9-46f3-8c0f-aa7f6f7fa2bc"
      unitRef="usd">13000</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss>
    <rwt:ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTAyNDM_1018f041-b1ba-4600-ae67-8decf2535fba">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The table below summarizes the weighted average of the significant credit quality indicators we used for the credit loss allowance on our AFS securities at March&#160;31, 2021. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.10 &#x2013; Significant Credit Quality Indicators&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:85.011%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.095%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Subordinate Securities&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Default rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.7%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loss severity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;24%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</rwt:ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock>
    <rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate
      contextRef="if3ccfedda0d54ae29b4e123525890e53_D20210101-20210331"
      decimals="3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjIxNWRmZGFjMDgxYjQwNmM4YTQxYjQ0ZTA3MTJiZWU1L3RhYmxlcmFuZ2U6MjE1ZGZkYWMwODFiNDA2YzhhNDFiNDRlMDcxMmJlZTVfMi00LTEtMS0w_21f48294-5768-41f9-992d-b5fbd8cbd4e2"
      unitRef="number">0.007</rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate>
    <rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity
      contextRef="if3ccfedda0d54ae29b4e123525890e53_D20210101-20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjIxNWRmZGFjMDgxYjQwNmM4YTQxYjQ0ZTA3MTJiZWU1L3RhYmxlcmFuZ2U6MjE1ZGZkYWMwODFiNDA2YzhhNDFiNDRlMDcxMmJlZTVfMy00LTEtMS0w_264fff77-40b8-465f-8bf9-35dcf8ab6e70"
      unitRef="number">0.24</rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTAyMDg_5bd258fe-9079-49a7-9705-c0cce4a02816">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table details the activity related to the allowance for credit losses for AFS securities for the three months ended March&#160;31, 2021.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.11 &#x2013; Rollforward of Allowance for Credit Losses&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:79.455%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.651%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Beginning balance allowance for credit losses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;388&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Additions to allowance for credit losses on securities for which credit losses were not previously recorded&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Additional increases (decreases) to the allowance for credit losses on securities that had an allowance recorded in a previous period&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(375)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Allowance on purchased financial assets with credit deterioration&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Reduction to allowance for securities sold during the period&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Reduction to allowance for securities we intend to sell or more likely than not will be required to sell&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Write-offs charged against allowance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Recoveries of amounts previously written off&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Ending balance of allowance for credit losses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfMi0yLTEtMS0w_ca6a08d7-f19e-46a8-86af-074cca9925f9"
      unitRef="usd">388000</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfNC0yLTEtMS0w_e833e1f2-6326-4205-9142-81d4656ebb63"
      unitRef="usd">0</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfNS0yLTEtMS0w_b19873db-32d4-4972-9d2b-f59bb892b82d"
      unitRef="usd">-375000</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfNi0yLTEtMS0w_ef146fb0-c06a-4915-a927-7fb6cbe8fc70"
      unitRef="usd">0</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfNy0yLTEtMS0w_9e48d99b-5d96-406a-b700-603d418b4fbe"
      unitRef="usd">0</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfOC0yLTEtMS0w_b13264f2-b3ed-4a0d-8f5d-57c9e63353af"
      unitRef="usd">0</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfOS0yLTEtMS0w_9f48baab-5199-4ea1-b325-f46db28da8c7"
      unitRef="usd">0</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfMTAtMi0xLTEtMA_09d391b8-e19e-42eb-abbe-3343da492cb1"
      unitRef="usd">0</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery>
    <us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOjllNjNiYmU5YjdmODQ2YjM4NTc3YjE5NTA3NTQ0NTg4L3RhYmxlcmFuZ2U6OWU2M2JiZTliN2Y4NDZiMzg1NzdiMTk1MDc1NDQ1ODhfMTEtMi0xLTEtMA_6b7cd0a4-b863-4bf6-bb7e-8f50621347b0"
      unitRef="usd">13000</us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss>
    <us-gaap:RealizedGainLossOnInvestmentsTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RleHRyZWdpb246Y2YyMmRhMzY4NDdhNDg2ZWE3ZjAxZWEzZDBkZDk0NTdfMTAyMDk_1e747317-ef2a-4296-a07b-586a1d71a00b">The following table presents the gross realized gains and losses on sales and calls of AFS securities for the three months ended March&#160;31, 2021 and 2020.&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 9.12 &#x2013; Gross Realized Gains and Losses on AFS Securities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:69.455%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.927%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.930%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gross realized gains - sales&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;200&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,705&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gross realized gains - calls&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,408&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gross realized losses - sales&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,853)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Realized Gains on Sales and Calls of AFS Securities, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,608&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,852&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:RealizedGainLossOnInvestmentsTableTextBlock>
    <us-gaap:DebtSecuritiesAvailableForSaleRealizedGain
      contextRef="i9eb230ce25c145ffafc6c6561f2a0dff_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmNlZWM1YTBhOTJjZTRkZjA5ZDY4ZWEwNzBlYWVlOTc4L3RhYmxlcmFuZ2U6Y2VlYzVhMGE5MmNlNGRmMDlkNjhlYTA3MGVhZWU5NzhfMi0yLTEtMS0w_9d670294-3e0a-45e4-9658-1092f7309de3"
      unitRef="usd">200000</us-gaap:DebtSecuritiesAvailableForSaleRealizedGain>
    <us-gaap:DebtSecuritiesAvailableForSaleRealizedGain
      contextRef="i2488422422de47768c8f7f0808959cd1_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmNlZWM1YTBhOTJjZTRkZjA5ZDY4ZWEwNzBlYWVlOTc4L3RhYmxlcmFuZ2U6Y2VlYzVhMGE5MmNlNGRmMDlkNjhlYTA3MGVhZWU5NzhfMi00LTEtMS0w_1b289b34-b9c9-4652-92b6-f0cb49ff8623"
      unitRef="usd">7705000</us-gaap:DebtSecuritiesAvailableForSaleRealizedGain>
    <us-gaap:DebtSecuritiesAvailableForSaleRealizedGain
      contextRef="i05ea2de99c5f4668b0c80940bd3210c6_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmNlZWM1YTBhOTJjZTRkZjA5ZDY4ZWEwNzBlYWVlOTc4L3RhYmxlcmFuZ2U6Y2VlYzVhMGE5MmNlNGRmMDlkNjhlYTA3MGVhZWU5NzhfMy0yLTEtMS0w_81be9487-f81f-4de2-afdb-6c1df8eab282"
      unitRef="usd">2408000</us-gaap:DebtSecuritiesAvailableForSaleRealizedGain>
    <us-gaap:DebtSecuritiesAvailableForSaleRealizedGain
      contextRef="i31c413a7dd3f40588bb0a4f91abd5e9a_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmNlZWM1YTBhOTJjZTRkZjA5ZDY4ZWEwNzBlYWVlOTc4L3RhYmxlcmFuZ2U6Y2VlYzVhMGE5MmNlNGRmMDlkNjhlYTA3MGVhZWU5NzhfMy00LTEtMS0w_6e12b4fe-4cd4-4497-8063-ea4bb6d1cd06"
      unitRef="usd">0</us-gaap:DebtSecuritiesAvailableForSaleRealizedGain>
    <us-gaap:DebtSecuritiesAvailableForSaleRealizedLoss
      contextRef="i9eb230ce25c145ffafc6c6561f2a0dff_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmNlZWM1YTBhOTJjZTRkZjA5ZDY4ZWEwNzBlYWVlOTc4L3RhYmxlcmFuZ2U6Y2VlYzVhMGE5MmNlNGRmMDlkNjhlYTA3MGVhZWU5NzhfNC0yLTEtMS0w_b1f8a563-557b-40fa-9602-8b9b725bc421"
      unitRef="usd">0</us-gaap:DebtSecuritiesAvailableForSaleRealizedLoss>
    <us-gaap:DebtSecuritiesAvailableForSaleRealizedLoss
      contextRef="i2488422422de47768c8f7f0808959cd1_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmNlZWM1YTBhOTJjZTRkZjA5ZDY4ZWEwNzBlYWVlOTc4L3RhYmxlcmFuZ2U6Y2VlYzVhMGE5MmNlNGRmMDlkNjhlYTA3MGVhZWU5NzhfNC00LTEtMS0w_4eea30f7-70ce-40a6-962f-ac31f3593d9b"
      unitRef="usd">3853000</us-gaap:DebtSecuritiesAvailableForSaleRealizedLoss>
    <rwt:AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmNlZWM1YTBhOTJjZTRkZjA5ZDY4ZWEwNzBlYWVlOTc4L3RhYmxlcmFuZ2U6Y2VlYzVhMGE5MmNlNGRmMDlkNjhlYTA3MGVhZWU5NzhfNi0yLTEtMS0w_bb4ee4fa-56f5-4a2b-9403-2f6ac41f5e01"
      unitRef="usd">2608000</rwt:AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls>
    <rwt:AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl82Ny9mcmFnOmNmMjJkYTM2ODQ3YTQ4NmVhN2YwMWVhM2QwZGQ5NDU3L3RhYmxlOmNlZWM1YTBhOTJjZTRkZjA5ZDY4ZWEwNzBlYWVlOTc4L3RhYmxlcmFuZ2U6Y2VlYzVhMGE5MmNlNGRmMDlkNjhlYTA3MGVhZWU5NzhfNi00LTEtMS0w_845cd938-aff5-414e-8a8e-e44b3df5c520"
      unitRef="usd">3852000</rwt:AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls>
    <us-gaap:InvestmentsAndOtherNoncurrentAssetsTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfNTU0Mw_127b836e-4949-412f-b1fd-a669e9df0877">Other Investments&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Other investments at March&#160;31, 2021 and December&#160;31, 2020 are summarized in the following table.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 10.1 &#x2013; Components of Other Investments&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Servicer advance investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;206,525&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;231,489&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Shared home appreciation options&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,823&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;42,440&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Excess MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;34,418&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mortgage servicing rights&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,945&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,815&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;29,821&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31,013&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Other Investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;322,579&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;348,175&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Servicer advance investments&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We and a third-party co-investor, through two partnerships (&#x201c;SA Buyers&#x201d;) consolidated by us, purchased the outstanding servicer advances and excess MSRs related to a portfolio of legacy residential mortgage-backed securitizations serviced by the co-investor (Refer to our Annual Report on Form 10-K for the year ended December&#160;31, 2020 for additional information regarding the transactions). At March&#160;31, 2021, we had funded $94 million of total capital to the SA Buyers (see &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Note 16&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; for additional detail). &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;At March&#160;31, 2021, our servicer advance investments had a carrying value of $207 million and were associated with a portfolio of residential mortgage loans with an unpaid principal balance of $8.60 billion. The outstanding servicer advance receivables associated with this investment were $193 million at March&#160;31, 2021, which were financed with short-term non-recourse securitization debt (see &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Note 13&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; for additional detail on this debt). The servicer advance receivables were comprised of the following types of advances at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 10.2 &#x2013; Components of Servicer Advance Receivables&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Principal and interest advances&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;92,628&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;110,923&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Escrow advances (taxes and insurance advances)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;74,970&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;79,279&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Corporate advances&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25,254&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;27,454&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Servicer Advance Receivables&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;192,852&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;217,656&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We account for our servicer advance investments at fair value and during the three months ended March&#160;31, 2021 and 2020, we recorded $3 million of interest income associated with these investments for each of these periods, and recorded net market valuation losses of $0.2 million and $6 million, respectively, through Investment fair value changes, net in our consolidated statements of income (loss). &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Shared Home Appreciation Options&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In 2019, we entered into a flow purchase agreement to acquire shared home appreciation options. At March&#160;31, 2021, we had acquired $47 million of shared home appreciation options under this flow purchase agreement. We account for these investments under the fair value option and during the three months ended March&#160;31, 2021 and 2020, we recorded a net market valuation gain of $5 million and a net market valuation loss of $8 million, respectively, related to these assets through Investment fair value changes, net on our consolidated statements of income (loss).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Excess MSRs&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In association with our servicer advance investments described above, we (through our consolidated SA Buyers) invested in excess MSRs associated with the same portfolio of legacy residential mortgage-backed securitizations. Additionally, we own excess MSRs associated with specified pools of multifamily loans. We account for our excess MSRs at fair value and during the three months ended March&#160;31, 2021 and 2020, we recognized $3 million of interest income for each of these periods through Other interest income, and recorded net market valuation losses of $2 million and $9 million, respectively, through Investment fair value changes, net on our consolidated statements of income (loss). &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Mortgage Servicing Rights&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We invest in mortgage servicing rights associated with residential mortgage loans and contract with licensed sub-servicers to perform all servicing functions for these loans. The majority of our investments in MSRs were made through the retention of servicing rights associated with the residential jumbo mortgage loans that we acquired and subsequently transferred to third parties. We hold our MSR investments at our taxable REIT subsidiaries.&lt;/span&gt;&lt;/div&gt;At March&#160;31, 2021 and December&#160;31, 2020,&#160;our MSRs had a fair value of $8 million and $9 million, respectively, and were associated with loans with an aggregate principal balance of $2.07 billion and $2.59 billion, respectively. During the three months ended March&#160;31, 2021 and 2020, including net market valuation gains and losses on our MSRs and related risk management derivatives, we recorded net income of $1 million and a net loss of $2 million, respectively, through Other income on our consolidated statements of income (loss).</us-gaap:InvestmentsAndOtherNoncurrentAssetsTextBlock>
    <rwt:SummaryOfOtherInvestmentsTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfNTU0NQ_9024b4ae-e9b3-4e70-a3c5-a938a6fb023a">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Other investments at March&#160;31, 2021 and December&#160;31, 2020 are summarized in the following table.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 10.1 &#x2013; Components of Other Investments&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Servicer advance investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;206,525&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;231,489&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Shared home appreciation options&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,823&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;42,440&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Excess MSRs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;34,418&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mortgage servicing rights&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,945&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,815&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;29,821&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31,013&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Other Investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;322,579&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;348,175&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</rwt:SummaryOfOtherInvestmentsTableTextBlock>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i70c1b18111ac4305862dcc8f898aef60_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfMS0yLTEtMS0w_6093aee6-0752-4924-90a5-ca505d35a26e"
      unitRef="usd">206525000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i6b2328769bf5444386d398260f28caea_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfMS00LTEtMS0w_23db6f8f-ce6c-493d-b831-030b609520c9"
      unitRef="usd">231489000</us-gaap:ServicingAssetAtFairValueAmount>
    <rwt:LoanHeldForInvestmentAmount
      contextRef="id0879c0f93ef4e83b115d81b0d77d91b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfMi0yLTEtMS0w_589ff5fd-3907-4712-95a9-cc1731b3ae7d"
      unitRef="usd">45823000</rwt:LoanHeldForInvestmentAmount>
    <rwt:LoanHeldForInvestmentAmount
      contextRef="i3f4447d1c83f4d6990c291b68bdf9e7c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfMi00LTEtMS0w_c78e4341-cb18-4979-a025-21fe64fb3b76"
      unitRef="usd">42440000</rwt:LoanHeldForInvestmentAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i7aefe6e790d444a78a91c8bc3ccad40f_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfMy0yLTEtMS0w_f545df72-8b67-4a28-bb96-ba3ed174f14f"
      unitRef="usd">32465000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i9301a423edd04d04b1a3aab6b60b06ae_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfMy00LTEtMS0w_4d8f5ff5-27d0-4f3a-a35f-98153eb769a6"
      unitRef="usd">34418000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i98379a33ecdf4146976d07a4767e009e_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfNC0yLTEtMS0w_7687eb8b-9f4d-485c-bfb4-d2489ab4b73e"
      unitRef="usd">7945000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i335140464d63478c92671cedf0cfda09_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfNC00LTEtMS0w_30a84def-194e-4012-a0be-561a125842af"
      unitRef="usd">8815000</us-gaap:ServicingAssetAtFairValueAmount>
    <rwt:LoanHeldForInvestmentAmount
      contextRef="i99ca24858cd24f648b0dfc2d4f884d89_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfNi0yLTEtMS0w_90f74ddf-2f2c-44c2-8c6a-2df99292b764"
      unitRef="usd">29821000</rwt:LoanHeldForInvestmentAmount>
    <rwt:LoanHeldForInvestmentAmount
      contextRef="iec0db3f777374e939933b6a772c21a89_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfNi00LTEtMS0w_229dda9f-d539-45bb-bd91-8080dd581c36"
      unitRef="usd">31013000</rwt:LoanHeldForInvestmentAmount>
    <us-gaap:OtherInvestments
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfOS0yLTEtMS0w_49690ff2-9855-43ad-8150-d0fdb4d80dfa"
      unitRef="usd">322579000</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOjQ4NTNmMTRlNDQzYzQxYjhhZjNiMmZhMmMzYzQ3M2M0L3RhYmxlcmFuZ2U6NDg1M2YxNGU0NDNjNDFiOGFmM2IyZmEyYzNjNDczYzRfOS00LTEtMS0w_880b03a3-9c67-46ff-82d8-92225c707371"
      unitRef="usd">348175000</us-gaap:OtherInvestments>
    <rwt:NumberOfPartnershipsConsolidated
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMjMx_eccaa986-4c05-4993-8f8c-0c09c13abee3"
      unitRef="partnership">2</rwt:NumberOfPartnershipsConsolidated>
    <rwt:CommitmentToFundPartnership
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfNzUx_c1e2bf51-8aa2-4627-b32d-36419c49f15c"
      unitRef="usd">94000000</rwt:CommitmentToFundPartnership>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i70c1b18111ac4305862dcc8f898aef60_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfODkw_664dd168-cf84-4700-b865-bdba53d4190b"
      unitRef="usd">207000000</us-gaap:ServicingAssetAtFairValueAmount>
    <rwt:ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans
      contextRef="i70c1b18111ac4305862dcc8f898aef60_I20210331"
      decimals="-7"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfOTk2_d81e8c9d-38ee-47dc-920c-d5456c0daaeb"
      unitRef="usd">8600000000</rwt:ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans>
    <us-gaap:DebtInstrumentCollateralAmount
      contextRef="i2bce8ddeacf34f0ab08ac9d6c5579bf2_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA4Mg_78239e2b-116b-407b-9d7e-c0d93687e18a"
      unitRef="usd">193000000</us-gaap:DebtInstrumentCollateralAmount>
    <us-gaap:ScheduleOfServicingAssetsAtFairValueTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfNTU0Nw_09014232-e6c1-44f8-acdc-e80f6339e7e5">The servicer advance receivables were comprised of the following types of advances at March&#160;31, 2021 and December&#160;31, 2020.&lt;div style="margin-top:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 10.2 &#x2013; Components of Servicer Advance Receivables&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Principal and interest advances&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;92,628&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;110,923&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Escrow advances (taxes and insurance advances)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;74,970&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;79,279&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Corporate advances&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25,254&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;27,454&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Servicer Advance Receivables&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;192,852&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;217,656&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfServicingAssetsAtFairValueTextBlock>
    <rwt:ServicingAssetsAtFairValuePrincipalAndInterestAdvances
      contextRef="i17ad0ca0a06a4336840160254e1a8d4c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOmMzMTM0NzdkZThmNzRlN2NiN2RmYTc1NjExZjM4NTM1L3RhYmxlcmFuZ2U6YzMxMzQ3N2RlOGY3NGU3Y2I3ZGZhNzU2MTFmMzg1MzVfMS0yLTEtMS0w_3150f3df-2d9c-46fd-8349-3300603f9ca6"
      unitRef="usd">92628000</rwt:ServicingAssetsAtFairValuePrincipalAndInterestAdvances>
    <rwt:ServicingAssetsAtFairValuePrincipalAndInterestAdvances
      contextRef="i7cf19d9a380949b0ac3aaa6e614d7f46_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOmMzMTM0NzdkZThmNzRlN2NiN2RmYTc1NjExZjM4NTM1L3RhYmxlcmFuZ2U6YzMxMzQ3N2RlOGY3NGU3Y2I3ZGZhNzU2MTFmMzg1MzVfMS00LTEtMS0w_da30ab3f-2b3b-42c3-85cb-21c9fb07c04d"
      unitRef="usd">110923000</rwt:ServicingAssetsAtFairValuePrincipalAndInterestAdvances>
    <rwt:ServicingAssetsAtFairValueEscrowAdvances
      contextRef="i17ad0ca0a06a4336840160254e1a8d4c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOmMzMTM0NzdkZThmNzRlN2NiN2RmYTc1NjExZjM4NTM1L3RhYmxlcmFuZ2U6YzMxMzQ3N2RlOGY3NGU3Y2I3ZGZhNzU2MTFmMzg1MzVfMi0yLTEtMS0w_3ac1acbc-cf11-4e34-a7cb-e3ae5992b885"
      unitRef="usd">74970000</rwt:ServicingAssetsAtFairValueEscrowAdvances>
    <rwt:ServicingAssetsAtFairValueEscrowAdvances
      contextRef="i7cf19d9a380949b0ac3aaa6e614d7f46_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOmMzMTM0NzdkZThmNzRlN2NiN2RmYTc1NjExZjM4NTM1L3RhYmxlcmFuZ2U6YzMxMzQ3N2RlOGY3NGU3Y2I3ZGZhNzU2MTFmMzg1MzVfMi00LTEtMS0w_e66160d4-2974-46fc-9664-349147a97bfb"
      unitRef="usd">79279000</rwt:ServicingAssetsAtFairValueEscrowAdvances>
    <rwt:ServicingAssetsAtFairValueCorporateAdvances
      contextRef="i17ad0ca0a06a4336840160254e1a8d4c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOmMzMTM0NzdkZThmNzRlN2NiN2RmYTc1NjExZjM4NTM1L3RhYmxlcmFuZ2U6YzMxMzQ3N2RlOGY3NGU3Y2I3ZGZhNzU2MTFmMzg1MzVfMy0yLTEtMS0w_0426027d-873d-491e-9090-993dfb80cd0e"
      unitRef="usd">25254000</rwt:ServicingAssetsAtFairValueCorporateAdvances>
    <rwt:ServicingAssetsAtFairValueCorporateAdvances
      contextRef="i7cf19d9a380949b0ac3aaa6e614d7f46_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOmMzMTM0NzdkZThmNzRlN2NiN2RmYTc1NjExZjM4NTM1L3RhYmxlcmFuZ2U6YzMxMzQ3N2RlOGY3NGU3Y2I3ZGZhNzU2MTFmMzg1MzVfMy00LTEtMS0w_a8cc1bad-6335-422f-b301-11962a7778b4"
      unitRef="usd">27454000</rwt:ServicingAssetsAtFairValueCorporateAdvances>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOmMzMTM0NzdkZThmNzRlN2NiN2RmYTc1NjExZjM4NTM1L3RhYmxlcmFuZ2U6YzMxMzQ3N2RlOGY3NGU3Y2I3ZGZhNzU2MTFmMzg1MzVfNC0yLTEtMS0w_371227f7-9d6d-4ad2-b601-3f0fb30c3d81"
      unitRef="usd">192852000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RhYmxlOmMzMTM0NzdkZThmNzRlN2NiN2RmYTc1NjExZjM4NTM1L3RhYmxlcmFuZ2U6YzMxMzQ3N2RlOGY3NGU3Y2I3ZGZhNzU2MTFmMzg1MzVfNC00LTEtMS0w_c7321db3-51fe-4e09-a253-b46cd3f8c930"
      unitRef="usd">217656000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:IncomeLossFromEquityMethodInvestments
      contextRef="i1062613a9b8c462e8d4272b114900bee_D20200101-20200331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTQ3Ng_8ea8a47b-e5d3-485c-b261-5d761f56eaa6"
      unitRef="usd">3000000</us-gaap:IncomeLossFromEquityMethodInvestments>
    <us-gaap:IncomeLossFromEquityMethodInvestments
      contextRef="i1097673fa66e4d999d44dde0c8f9aeb1_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTQ3Ng_fdf6ab9b-4f98-4165-92c5-41218773effe"
      unitRef="usd">3000000</us-gaap:IncomeLossFromEquityMethodInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i1097673fa66e4d999d44dde0c8f9aeb1_D20210101-20210331"
      decimals="-5"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTYwNQ_2895adfc-1fc9-4cac-af07-f5279939c4e0"
      unitRef="usd">-200000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i1062613a9b8c462e8d4272b114900bee_D20200101-20200331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzMzU1Ng_4b427096-d5f5-40be-81e5-2d85382da05d"
      unitRef="usd">-6000000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:PaymentsToAcquireInvestments
      contextRef="i4d12c616a26c4a2d9e1cd4b063ba944a_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNDY4Ng_3c7dc20a-9fd0-4bad-9b6f-81103a9e7032"
      unitRef="usd">47000000</us-gaap:PaymentsToAcquireInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="ic68c91a5eae241698e7cd378e2fadb81_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNDk4OQ_2d3c7ce2-ce15-4757-92f0-715f41f2c056"
      unitRef="usd">5000000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i88f71b3f18ce4a86b02d127d7dd5f9b6_D20200101-20200331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNTI2Mg_965fe438-19eb-457b-bf37-46daa75bd5f5"
      unitRef="usd">-8000000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i3c32314e3e294d00ac090edbec12a80b_D20200101-20200331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNjYxNg_69cc2aef-bffc-48d8-9ec6-c84f469fd5d9"
      unitRef="usd">3000000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i77ef565de4f94a5d9d3e01021c8c9df1_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNjYxNg_f9280830-77d1-46f6-9503-dd233969baf3"
      unitRef="usd">3000000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i77ef565de4f94a5d9d3e01021c8c9df1_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNjczNg_210490d2-8006-4e48-8eca-be9832da4b9f"
      unitRef="usd">-2000000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i3c32314e3e294d00ac090edbec12a80b_D20200101-20200331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNzE5MA_9a9cf626-cc5b-4767-97ec-92825b108890"
      unitRef="usd">-9000000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i98379a33ecdf4146976d07a4767e009e_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMjU5MQ_e9f5aa13-c1b8-4645-b1ea-2b5f0a2b3dfd"
      unitRef="usd">8000000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAssetAtFairValueAmount
      contextRef="i335140464d63478c92671cedf0cfda09_I20201231"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNzQ4Mg_864661ad-f1a0-4df3-a5cc-f5ec344cb8dd"
      unitRef="usd">9000000</us-gaap:ServicingAssetAtFairValueAmount>
    <us-gaap:ServicingAsset
      contextRef="i98379a33ecdf4146976d07a4767e009e_I20210331"
      decimals="-7"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNzQ4OQ_b8f3787d-6666-4a55-bb18-55bd3b5ea90f"
      unitRef="usd">2070000000.00</us-gaap:ServicingAsset>
    <us-gaap:ServicingAsset
      contextRef="i335140464d63478c92671cedf0cfda09_I20201231"
      decimals="-7"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNzQ5Nw_5b846551-62cc-4370-a2f7-1546cb15e752"
      unitRef="usd">2590000000</us-gaap:ServicingAsset>
    <rwt:MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
      contextRef="i70a6bdf2328f482e899bda7a7addc990_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMjg2OQ_0ab954db-d5b5-4678-aa9f-ffe243516da5"
      unitRef="usd">1000000</rwt:MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs>
    <rwt:MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
      contextRef="i7eabf311b3404af7832511ae53127279_D20200101-20200331"
      decimals="-5"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83My9mcmFnOjVkNDAwMmNlNjFkZTRiZGNiNjc0YmFkYTZmMzIxNTJmL3RleHRyZWdpb246NWQ0MDAyY2U2MWRlNGJkY2I2NzRiYWRhNmYzMjE1MmZfMTA5OTUxMTYzNzY3Mw_c49d8350-bced-42da-8646-8d22b95726ba"
      unitRef="usd">-2000000</rwt:MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs>
    <us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfNDIxMg_c08f3f8f-feaf-455d-9e9a-273566153a6c">Derivative Financial Instruments&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the fair value and notional amount of our derivative financial instruments at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 11.1 &#x2013; Fair Value and Notional Amount of Derivative Financial Instruments&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:47.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.987%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Notional&lt;br/&gt;Amount&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Notional&lt;br/&gt;Amount&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Assets - Risk Management Derivatives&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest rate swaps&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,350&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;163,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;224&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;42,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;TBAs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,350,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,260&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,520,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Swaptions&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;83,610&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,825,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19,727&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,585,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Assets - Other Derivatives&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loan purchase and interest rate lock commitments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,164&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;223,783&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,027&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,617,254&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;129,924&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,561,783&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;53,238&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,764,254&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Liabilities - Risk Management Derivatives&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest rate swaps&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;TBAs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(35,621)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,860,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(15,495)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,105,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest rate futures&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,451)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;195,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Liabilities - Other Derivatives&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loan purchase commitments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(35,106)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,073,102&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(577)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;477,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(73,178)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,132,102&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(16,072)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,582,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Derivative Financial Instruments, Net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;56,746&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12,693,885&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,166&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,346,407&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Risk Management Derivatives&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;To manage, to varying degrees, risks associated with certain assets and liabilities on our consolidated balance sheets, we may enter into derivative contracts. At March&#160;31, 2021, we were party to swaps and swaptions with an aggregate notional amount of $3.99 billion, TBA agreements with an aggregate notional amount of $5.21 billion, and interest rate futures contracts with an aggregate notional amount of $195 million. At December&#160;31, 2020, we were party to swaps and swaptions with an aggregate notional amount of $1.63 billion and TBA agreements with an aggregate notional amount of $6.63 billion.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;During the three months ended March&#160;31, 2021 and 2020, risk management derivatives had a net market valuation gain of $93 million and a net market valuation loss of $98 million, respectively. These market valuation gains and losses are recorded in Mortgage banking activities, net, Investment fair value changes, net, and Other income on our consolidated statements of income (loss). &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Loan Purchase and Interest Rate Lock Commitments &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;LPCs and IRLCs that qualify as derivatives are recorded at their estimated fair values. For the three months ended March&#160;31, 2021 and 2020, LPCs and IRLCs had a net market valuation loss of $52 million and a net market valuation gain of $22 million, respectively, that were recorded in Mortgage banking activities, net on our consolidated statements of income (loss). &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Derivatives Designated as Cash Flow Hedges&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;To manage the variability in interest expense related to portions of our long-term debt and certain adjustable-rate securitization entity liabilities that are included in our consolidated balance sheets for financial reporting purposes, we designated certain interest rate swaps as cash flow hedges.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; During the first quarter of 2020, we terminated and settled all of our outstanding derivatives that had been designated as cash flow hedges for our long-term debt, with a payment of $84 million. For interest rate agreements previously designated as cash flow hedges, our total unrealized loss reported in Accumulated other comprehensive income was $80 million and $81 million at March&#160;31, 2021 and December&#160;31, 2020, respectively. We are amortizing this loss into interest expense over the remaining term of the debt they were originally hedging. As of March&#160;31, 2021, we expect to amortize $4 million of realized losses related to terminated cash flow hedges into interest expense over the next twelve months.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;For the three months ended March&#160;31, 2021 and 2020, changes in the values of designated cash flow hedges were zero and negative $33 million, respectively, and were recorded in Accumulated other comprehensive income, a component of equity. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table illustrates the impact on interest expense of our interest rate agreements accounted for as cash flow hedges for the three months ended March&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 11.2 &#x2013; Impact on Interest Expense of Interest Rate Agreements Accounted for as Cash Flow Hedges&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:70.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.374%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net interest expense on cash flows hedges&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(860)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Realized net losses reclassified from other comprehensive income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,018)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(79)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Interest Expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,018)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(939)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Derivative Counterparty Credit Risk&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;As discussed in our Annual Report on Form 10-K for the year ended December&#160;31, 2020, we consider counterparty risk as part of our fair value assessments of all derivative financial instruments at each quarter-end. At March&#160;31, 2021, we assessed this risk as remote and did not record an associated specific valuation adjustment. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;At March&#160;31, 2021, we were in compliance with our derivative counterparty ISDA agreements.&lt;/span&gt;&lt;/div&gt;</us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock>
    <us-gaap:ScheduleOfDerivativeInstrumentsTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfNDIxNQ_bc494fc9-eb8f-4923-82f2-de1159494618">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the fair value and notional amount of our derivative financial instruments at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 11.1 &#x2013; Fair Value and Notional Amount of Derivative Financial Instruments&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:47.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.983%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.987%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Notional&lt;br/&gt;Amount&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Fair&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Notional&lt;br/&gt;Amount&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Assets - Risk Management Derivatives&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest rate swaps&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,350&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;163,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;224&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;42,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;TBAs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,800&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,350,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,260&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,520,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Swaptions&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;83,610&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,825,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19,727&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,585,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Assets - Other Derivatives&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loan purchase and interest rate lock commitments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,164&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;223,783&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,027&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,617,254&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;129,924&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,561,783&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;53,238&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,764,254&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Liabilities - Risk Management Derivatives&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest rate swaps&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;TBAs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(35,621)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,860,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(15,495)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,105,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest rate futures&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,451)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;195,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Liabilities - Other Derivatives&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loan purchase commitments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(35,106)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,073,102&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(577)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;477,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(73,178)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,132,102&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(16,072)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,582,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Derivative Financial Instruments, Net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;56,746&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12,693,885&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,166&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,346,407&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfDerivativeInstrumentsTextBlock>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="i1061f6a518b74c72b548c413a1a53ca0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfNi0yLTEtMS0w_ae1b7511-c50d-4a02-a34d-c72ce87970d1"
      unitRef="usd">4350000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i1061f6a518b74c72b548c413a1a53ca0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfNi00LTEtMS0w_983f1e22-daa8-4b44-a96d-e6b97fb6810c"
      unitRef="usd">163000000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="ib2b4b1d9c5574865bb3dea4a20c1eeaa_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfNi02LTEtMS0w_2e0b404f-5aee-4d02-aa52-85a215f654af"
      unitRef="usd">224000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="ib2b4b1d9c5574865bb3dea4a20c1eeaa_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfNi04LTEtMS0w_da52993e-ed11-4a2d-8cd6-e6c7913c1dcb"
      unitRef="usd">42000000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="i936306e457da4b43999cfb62bbf40472_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfNy0yLTEtMS0w_0c5413a2-7955-4cbb-a177-127fbafd8462"
      unitRef="usd">40800000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i936306e457da4b43999cfb62bbf40472_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfNy00LTEtMS0w_cc3b2e95-a739-4684-9053-2215e0cdd049"
      unitRef="usd">3350000000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="iae6bad39ece6496484c3e037e3cee2fc_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfNy02LTEtMS0w_c2bd5551-f55c-45bc-9dd7-a5895903c787"
      unitRef="usd">18260000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="iae6bad39ece6496484c3e037e3cee2fc_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfNy04LTEtMS0w_cecebb1f-9522-47f4-9184-712d44708f78"
      unitRef="usd">3520000000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="i9fdae65f3ea54a778897bd10c378ffb6_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfOS0yLTEtMS0w_d87a1f61-d121-4a31-a931-0abe330fbf60"
      unitRef="usd">83610000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i9fdae65f3ea54a778897bd10c378ffb6_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfOS00LTEtMS0w_c3387483-9d3a-4305-985d-9ba1155bad0a"
      unitRef="usd">3825000000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="i85049c0c5a6a4724921cda78117a30ac_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfOS02LTEtMS0w_a2599caa-eb60-44f7-9d52-77e918803a9b"
      unitRef="usd">19727000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i85049c0c5a6a4724921cda78117a30ac_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfOS04LTEtMS0w_780e7800-8870-4513-850a-8748a0e4c9e8"
      unitRef="usd">1585000000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="i5cb3ebb1d01f48cd97e37f416705d799_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTItMi0xLTEtMA_dfd05079-a4f7-4deb-94b9-7a54ff99f0e1"
      unitRef="usd">1164000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i5cb3ebb1d01f48cd97e37f416705d799_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTItNC0xLTEtMA_58938298-c196-4dc7-8609-c99b6c28fbb9"
      unitRef="usd">223783000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="iccca247b6e694afa86f87d16f14b3d71_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTItNi0xLTEtMA_a2ff7c68-5df6-416a-bac2-4998a9ce50e9"
      unitRef="usd">15027000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="iccca247b6e694afa86f87d16f14b3d71_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTItOC0xLTEtMA_b80d62dc-3138-4174-9b0c-af6215bbf4de"
      unitRef="usd">2617254000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="i2578abb6543e498aa84225e44ae44321_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTQtMi0xLTEtMA_203f939b-6e10-4763-ab14-5a4ecc9e66c8"
      unitRef="usd">129924000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i2578abb6543e498aa84225e44ae44321_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTQtNC0xLTEtMA_5baf0ce4-a862-4a11-89c6-442fd4e144e3"
      unitRef="usd">7561783000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="i7c9bf4a4709342dd89c28902bbf85390_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTQtNi0xLTEtMA_5778bffe-ac54-4f60-88f8-e00c129ae18d"
      unitRef="usd">53238000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i7c9bf4a4709342dd89c28902bbf85390_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTQtOC0xLTEtMA_cfd8e918-c032-434c-a40f-a8e7538456e8"
      unitRef="usd">7764254000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="i5c6e1f4d01054cafa74d380496384bf7_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTktMi0xLTEtMA_5654a00a-708e-4c7c-a8df-e5277e871613"
      unitRef="usd">0</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i5c6e1f4d01054cafa74d380496384bf7_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTktNC0xLTEtMA_900a1b4b-14a5-42e4-b538-14574d575dac"
      unitRef="usd">4000000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="i863031437f7e41fc893353f3f7936f8b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTktNi0xLTEtMA_1865d573-389c-4250-84ae-3cbd20bf0d62"
      unitRef="usd">0</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i863031437f7e41fc893353f3f7936f8b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMTktOC0xLTEtMA_64078f10-8a3d-461f-a640-fbbe0a61dfe1"
      unitRef="usd">0</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="ia0b4c613786747fc9de65181f0e46083_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjAtMi0xLTEtMA_a59c427c-5b57-411a-9505-b5be64c2c6b0"
      unitRef="usd">-35621000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="ia0b4c613786747fc9de65181f0e46083_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjAtNC0xLTEtMA_a6bf5bed-7b81-4145-bddd-63a250f893b7"
      unitRef="usd">1860000000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="i01d4d30f373e427780dc0b4a7f55b107_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjAtNi0xLTEtMA_d4a3be30-28e9-4f6c-8673-5d37476e9cf9"
      unitRef="usd">-15495000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i01d4d30f373e427780dc0b4a7f55b107_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjAtOC0xLTEtMA_9b6d2bad-6a76-4061-bc5a-2f2c347e2e01"
      unitRef="usd">3105000000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="i2fae7c1ae4404e3395002d54290f60eb_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjEtMi0xLTEtMA_cbea7f23-5540-44c6-8815-fdb0aa43acc1"
      unitRef="usd">-2451000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i2fae7c1ae4404e3395002d54290f60eb_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjEtNC0xLTEtMA_7f4467d5-032f-4575-9f80-1dcad936a92b"
      unitRef="usd">195000000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="ic56c538c8a8e43dba3bfda9d5c6ce18f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjEtNi0xLTEtMA_e9e70c91-4dce-4b23-b263-5588dc692a5f"
      unitRef="usd">0</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="ic56c538c8a8e43dba3bfda9d5c6ce18f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjEtOC0xLTEtMA_a1aa33ed-b4f5-4d8f-a9ec-5d1a8a0f899c"
      unitRef="usd">0</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="i031b0f89be4a485caf96234d750a70c4_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjMtMi0xLTEtMA_e27f895f-18f5-4108-a89c-0fe069f24e72"
      unitRef="usd">-35106000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i031b0f89be4a485caf96234d750a70c4_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjMtNC0xLTEtMA_9bd1ff4f-84a3-42c2-95a7-8cf774b93811"
      unitRef="usd">3073102000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="i2ed58e32883a4d7bb64206e045319d38_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjMtNi0xLTEtMA_1f538711-1cec-4825-a020-50fd5d5c06ef"
      unitRef="usd">-577000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i2ed58e32883a4d7bb64206e045319d38_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjMtOC0xLTEtMA_bd8d6a90-1342-48f3-b68c-7ec449dd83e2"
      unitRef="usd">477153000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="i09a5197ce99f4e05be97288e797bf647_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjUtMi0xLTEtMA_c4f863e8-a95b-49a7-9bf7-1fddf0d17528"
      unitRef="usd">-73178000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i09a5197ce99f4e05be97288e797bf647_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjUtNC0xLTEtMA_0ddf154f-5329-43e1-886b-c78c1425f90f"
      unitRef="usd">5132102000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="i96fbe696be56461d8dcb14630c142dac_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjUtNi0xLTEtMA_26ae0b37-3ed6-420e-a6b4-953afbf61fa5"
      unitRef="usd">-16072000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i96fbe696be56461d8dcb14630c142dac_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjUtOC0xLTEtMA_489bfc74-04db-4144-a0ce-e89dc13e7455"
      unitRef="usd">3582153000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjYtMi0xLTEtMA_2f5e6122-906c-469c-ac93-819b6b1132a7"
      unitRef="usd">56746000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjYtNC0xLTEtMA_45b21dd5-566b-4f8c-bf14-633266d936ef"
      unitRef="usd">12693885000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeFairValueOfDerivativeNet
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjYtNi0xLTEtMA_57676d78-fc3b-408f-a8d5-1278c9d1462c"
      unitRef="usd">37166000</us-gaap:DerivativeFairValueOfDerivativeNet>
    <us-gaap:DerivativeNotionalAmount
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjdhNGMyMDQ5MzdkZjQxOGM4ZGJkZmRhMjg3YWM5YmE4L3RhYmxlcmFuZ2U6N2E0YzIwNDkzN2RmNDE4YzhkYmRmZGEyODdhYzliYThfMjYtOC0xLTEtMA_78f13291-524d-45c6-91ba-43cb766bd3fa"
      unitRef="usd">11346407000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i845a651af270402f89f5852e32457408_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfNTE3_43ada9bb-5663-4921-9fb7-f6dce8c8c04c"
      unitRef="usd">3990000000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i82f4b9c00cc24eaca40b42ae1c949131_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfNTc4_2690a541-b8b9-49b3-99b1-c59ac0df56f2"
      unitRef="usd">5210000000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i12cf0f8fd8c74174a9b9a2e84d449651_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfNjU1_f5666337-0b38-481e-b9d6-7218f4236f6c"
      unitRef="usd">195000000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i6ca630e4913242238f2a52ab81412d3a_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfNzQw_523b59eb-60f0-4cff-b425-7a2797658f86"
      unitRef="usd">1630000000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeNotionalAmount
      contextRef="i0c7a96df7d6c4b22937fa6cbbcc5844e_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfODAx_08b6495b-87dc-487e-a87c-fb0a1da0eb97"
      unitRef="usd">6630000000</us-gaap:DerivativeNotionalAmount>
    <us-gaap:DerivativeGainLossOnDerivativeNet
      contextRef="i3f3b84def10c44849d4f5d16dac577e6_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfOTc1_4ea273a6-122c-462b-acac-26b637252af0"
      unitRef="usd">93000000</us-gaap:DerivativeGainLossOnDerivativeNet>
    <us-gaap:DerivativeGainLossOnDerivativeNet
      contextRef="i500cb2af47324e7d992e552d9f0835dd_D20200101-20200331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMTA5OTUxMTYzMjEwNw_c514c065-47ed-4f78-a483-ceb081005dcc"
      unitRef="usd">-98000000</us-gaap:DerivativeGainLossOnDerivativeNet>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i5ade26e016a943fcb7b8581e7e6f7e4d_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMTc3NA_c5e42754-0a46-4a18-95ae-bf8d12eb11f2"
      unitRef="usd">-52000000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i807349fc66124a43a885a4940b611724_D20200101-20200331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMTA5OTUxMTYzMjMxOA_1d3ac42c-3ffd-4c9b-ae28-8f9b38226667"
      unitRef="usd">22000000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <us-gaap:DerivativeCostOfHedge
      contextRef="i173069d105e04f7bba731b5bcbb8a6d2_D20200101-20200331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMjY1MQ_d1776d9c-d93f-4bf8-ad61-73374bc9e4db"
      unitRef="usd">84000000</us-gaap:DerivativeCostOfHedge>
    <us-gaap:StockholdersEquity
      contextRef="i6876d6a4aa4c448f8b435a69861cb2da_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMjgwOA_6ab75b05-2094-4603-877a-4ff926026b1b"
      unitRef="usd">-80000000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="ia02f8bcc6d214fb18115066f4a540b51_I20201231"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMjgxNQ_d418101e-d4b2-4a60-baa7-5e75e6ecb07c"
      unitRef="usd">-81000000</us-gaap:StockholdersEquity>
    <us-gaap:CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
      contextRef="ie8d5b97677a7449fbf1b1a8a65552cf0_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMzAwOQ_b576744c-d78c-4eb6-b70d-5775b8b692ff"
      unitRef="usd">-4000000</us-gaap:CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths>
    <us-gaap:DerivativeGainLossOnDerivativeNet
      contextRef="i7bb4fe2bd89545ac97b4f348a8f610cd_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMzIwNw_b47bf3f9-001c-4112-88d8-e30ab7bf17b3"
      unitRef="usd">0</us-gaap:DerivativeGainLossOnDerivativeNet>
    <us-gaap:DerivativeGainLossOnDerivativeNet
      contextRef="i173069d105e04f7bba731b5bcbb8a6d2_D20200101-20200331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfMTA5OTUxMTYzMjU2MA_ab43878c-610d-4a36-b969-2096080803db"
      unitRef="usd">-33000000</us-gaap:DerivativeGainLossOnDerivativeNet>
    <us-gaap:ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RleHRyZWdpb246NjcyMTc2YjE2NjliNGMyOTkzZGFlNzJiNWU4ZjA5ZmJfNDIzMA_862e6f98-eee5-4459-b842-25dfba745f87">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table illustrates the impact on interest expense of our interest rate agreements accounted for as cash flow hedges for the three months ended March&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 11.2 &#x2013; Impact on Interest Expense of Interest Rate Agreements Accounted for as Cash Flow Hedges&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:70.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.372%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.374%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net interest expense on cash flows hedges&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(860)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Realized net losses reclassified from other comprehensive income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,018)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(79)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Interest Expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,018)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(939)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock>
    <rwt:InterestExpenseCashFlowHedge
      contextRef="i592085d52ce74349be13ac49886564a4_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjJlYjY5YmFhZDljNTRmOTI4MDFkM2YyNTk0NDJhN2QyL3RhYmxlcmFuZ2U6MmViNjliYWFkOWM1NGY5MjgwMWQzZjI1OTQ0MmE3ZDJfMi0yLTEtMS0w_6669724e-fb02-4452-9dfd-6a3d2e145cd2"
      unitRef="usd">0</rwt:InterestExpenseCashFlowHedge>
    <rwt:InterestExpenseCashFlowHedge
      contextRef="i93e62e9d085d47009031b586869a9a73_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjJlYjY5YmFhZDljNTRmOTI4MDFkM2YyNTk0NDJhN2QyL3RhYmxlcmFuZ2U6MmViNjliYWFkOWM1NGY5MjgwMWQzZjI1OTQ0MmE3ZDJfMi00LTEtMS0w_a378e320-b284-4c3e-9138-1b5bb6ca6906"
      unitRef="usd">860000</rwt:InterestExpenseCashFlowHedge>
    <us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
      contextRef="i592085d52ce74349be13ac49886564a4_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjJlYjY5YmFhZDljNTRmOTI4MDFkM2YyNTk0NDJhN2QyL3RhYmxlcmFuZ2U6MmViNjliYWFkOWM1NGY5MjgwMWQzZjI1OTQ0MmE3ZDJfNC0yLTEtMS0w_31e073e8-d647-40d6-8e9d-f7569a046ea1"
      unitRef="usd">-1018000</us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent>
    <us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
      contextRef="i93e62e9d085d47009031b586869a9a73_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjJlYjY5YmFhZDljNTRmOTI4MDFkM2YyNTk0NDJhN2QyL3RhYmxlcmFuZ2U6MmViNjliYWFkOWM1NGY5MjgwMWQzZjI1OTQ0MmE3ZDJfNC00LTEtMS0w_5ec8ff18-31d9-4740-b782-d196d77480b8"
      unitRef="usd">-79000</us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent>
    <us-gaap:InterestExpense
      contextRef="i592085d52ce74349be13ac49886564a4_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjJlYjY5YmFhZDljNTRmOTI4MDFkM2YyNTk0NDJhN2QyL3RhYmxlcmFuZ2U6MmViNjliYWFkOWM1NGY5MjgwMWQzZjI1OTQ0MmE3ZDJfNS0yLTEtMS0w_d2db4f37-5a61-4fd3-8e20-640e8a4425cb"
      unitRef="usd">1018000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i93e62e9d085d47009031b586869a9a73_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83Ni9mcmFnOjY3MjE3NmIxNjY5YjRjMjk5M2RhZTcyYjVlOGYwOWZiL3RhYmxlOjJlYjY5YmFhZDljNTRmOTI4MDFkM2YyNTk0NDJhN2QyL3RhYmxlcmFuZ2U6MmViNjliYWFkOWM1NGY5MjgwMWQzZjI1OTQ0MmE3ZDJfNS00LTEtMS0w_c3b281c8-1c7a-4cb0-b869-8498264137d2"
      unitRef="usd">939000</us-gaap:InterestExpense>
    <rwt:OtherAssetsAndOtherLiabilitiesDisclosureTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMTk4OQ_3525483a-a939-4e2e-a537-52180c17ae4b">Other Assets and Liabilities&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Other assets at March&#160;31, 2021 and December&#160;31, 2020 are summarized in the following table.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 12.1 &#x2013; Components of Other Assets&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:11pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accrued interest receivable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,097&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,445&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Investment receivable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,102&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;43,176&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Margin receivable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,283&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,758&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;REO&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,829&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,413&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating lease right-of-use assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,227&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,012&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Fixed assets and leasehold improvements&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,203&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;FHLBC stock&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Pledged collateral&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,177&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,047&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,404&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Other Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;141,738&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;130,588&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Fixed assets and leasehold improvements had a basis of $12 million and accumulated depreciation of $7 million at March&#160;31, 2021. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Accrued expenses and other liabilities at March&#160;31, 2021 and December&#160;31, 2020 are summarized in the following table. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 12.2 &#x2013; Components of Accrued Expenses and Other Liabilities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Margin payable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;84,306&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,728&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accrued interest payable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32,167&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;34,858&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accrued compensation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;27,941&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;24,393&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accrued income taxes payable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,174&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,614&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Payable to minority partner&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,222&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,941&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating lease liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,885&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,687&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Current accounts payable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,712&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,455&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Guarantee obligations&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,238&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,039&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loan and MSR repurchase reserve&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,731&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,631&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Bridge loan holdbacks&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,443&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,708&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accrued operating expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,222&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,509&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred consideration&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,579&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,233&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,198&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Accrued Expenses and Other Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;244,274&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;179,340&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Deferred Consideration&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The deferred consideration presented in the table above is related to our acquisition of 5 Arches in 2019. During the three months ended March&#160;31, 2021, we distributed 806,068 shares of Redwood common stock and paid $1 million in cash in full settlement of the remaining deferred consideration associated with this acquisition.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;REO&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table summarizes the activity and carrying values of REO assets held at Redwood and at consolidated Legacy Sequoia, Freddie Mac SLST, and CAFL entities during the three months ended March&#160;31, 2021. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 12.3 &#x2013; REO Activity&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:37.650%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.572%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Redwood Bridge &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance at beginning of period&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,600&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;638&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;646&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,529&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,413&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Transfers to REO&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,483&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,276&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,924&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,683&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Liquidations &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4,880)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(40)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(91)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,909)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(6,920)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Changes in fair value, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;282&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(655)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(347)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Balance at End of Period&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,485&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;596&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,859&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,889&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,829&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:5pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;For the three months ended March&#160;31, 2021, REO liquidations resulted in $0.3 million of realized losses, which were recorded in Investment fair value changes, net on our consolidated statements of income (loss).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides the detail of REO assets at Redwood and at consolidated Legacy Sequoia, Freddie Mac SLST, and CAFL entities at March&#160;31, 2021 and December&#160;31, 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 12.4 &#x2013; REO Assets &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:37.650%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.572%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Number of REO assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Redwood  Bridge &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;At March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;26&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;At December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Refer to our Annual Report on Form 10-K for the year ended December&#160;31, 2020 for additional descriptions of our other assets and liabilities.&lt;/span&gt;&lt;/div&gt;</rwt:OtherAssetsAndOtherLiabilitiesDisclosureTextBlock>
    <us-gaap:ScheduleOfOtherAssetsTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMjAwMg_73c58af4-3909-4c36-8d3c-d7686128d4ba">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Other assets at March&#160;31, 2021 and December&#160;31, 2020 are summarized in the following table.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 12.1 &#x2013; Components of Other Assets&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:11pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accrued interest receivable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,097&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,445&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Investment receivable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,102&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;43,176&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Margin receivable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,283&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,758&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;REO&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,829&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,413&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating lease right-of-use assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,227&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,012&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Fixed assets and leasehold improvements&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,203&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;FHLBC stock&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Pledged collateral&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,177&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,047&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,404&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Other Assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;141,738&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;130,588&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;(1)Fixed assets and leasehold improvements had a basis of $12 million and accumulated depreciation of $7 million at March&#160;31, 2021.</us-gaap:ScheduleOfOtherAssetsTableTextBlock>
    <us-gaap:InterestReceivable
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMS0yLTEtMS0w_ed28fbe3-2634-44ad-80a2-7a214597abf1"
      unitRef="usd">40097000</us-gaap:InterestReceivable>
    <us-gaap:InterestReceivable
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMS00LTEtMS0w_7a2b0fe5-9727-4557-8c2e-3964f59f5bae"
      unitRef="usd">39445000</us-gaap:InterestReceivable>
    <us-gaap:AccruedInvestmentIncomeReceivable
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMi0yLTEtMS0w_6f630c61-6db3-4fc5-a29d-4c418b9db9e0"
      unitRef="usd">37102000</us-gaap:AccruedInvestmentIncomeReceivable>
    <us-gaap:AccruedInvestmentIncomeReceivable
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMi00LTEtMS0w_49a50fa3-1ff1-4a4d-8cd4-620d2e874ec4"
      unitRef="usd">43176000</us-gaap:AccruedInvestmentIncomeReceivable>
    <us-gaap:MarginDepositAssets
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMy0yLTEtMS00NDM0_17bc6543-4b34-441b-8799-1e079284574d"
      unitRef="usd">16283000</us-gaap:MarginDepositAssets>
    <us-gaap:MarginDepositAssets
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMy00LTEtMS00NDM0_fa06d7f0-8784-4aa3-94db-bb7ba86a522e"
      unitRef="usd">4758000</us-gaap:MarginDepositAssets>
    <us-gaap:RealEstateAcquiredThroughForeclosure
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfNC0yLTEtMS00NDQw_31983811-f829-455b-9f56-f212aea3ee3f"
      unitRef="usd">15829000</us-gaap:RealEstateAcquiredThroughForeclosure>
    <us-gaap:RealEstateAcquiredThroughForeclosure
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfNC00LTEtMS00NDQw_84d877aa-6c14-4c27-bfd7-b6ce92b36ef4"
      unitRef="usd">8413000</us-gaap:RealEstateAcquiredThroughForeclosure>
    <us-gaap:OperatingLeaseRightOfUseAsset
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMy0yLTEtMS0w_0e0e55c9-efec-4aa7-a894-28caff38d464"
      unitRef="usd">14227000</us-gaap:OperatingLeaseRightOfUseAsset>
    <us-gaap:OperatingLeaseRightOfUseAsset
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMy00LTEtMS0w_dcf319d7-9f26-43a8-9dfd-06676b624dd3"
      unitRef="usd">15012000</us-gaap:OperatingLeaseRightOfUseAsset>
    <us-gaap:PropertyPlantAndEquipmentNet
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfNC0yLTEtMS0w_a59f8737-f2e3-498a-a49f-4c6d171050a0"
      unitRef="usd">5153000</us-gaap:PropertyPlantAndEquipmentNet>
    <us-gaap:PropertyPlantAndEquipmentNet
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfNC00LTEtMS0w_a2f0ebad-df97-4c0d-b274-c4d22421747f"
      unitRef="usd">4203000</us-gaap:PropertyPlantAndEquipmentNet>
    <us-gaap:FederalHomeLoanBankStock
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfNy0yLTEtMS0w_b1c796bb-202c-4e7b-8159-e35531d490dc"
      unitRef="usd">5000000</us-gaap:FederalHomeLoanBankStock>
    <us-gaap:FederalHomeLoanBankStock
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfNy00LTEtMS0w_e574b677-a766-4976-a00f-8b1ddc19ab04"
      unitRef="usd">5000000</us-gaap:FederalHomeLoanBankStock>
    <us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfOC0yLTEtMS0w_2c40b3ae-f8af-437d-beb1-bd2e297085ec"
      unitRef="usd">0</us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue>
    <us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfOC00LTEtMS0w_d570d6e5-6b4e-4ec3-9d62-fd39531d73f7"
      unitRef="usd">1177000</us-gaap:PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue>
    <us-gaap:OtherAssetsMiscellaneous
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMTMtMi0xLTEtMA_7f0f201e-5988-4aa5-997e-7ea995337db1"
      unitRef="usd">8047000</us-gaap:OtherAssetsMiscellaneous>
    <us-gaap:OtherAssetsMiscellaneous
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMTMtNC0xLTEtMA_fe5366bc-577a-483f-8507-17b05f18b9ae"
      unitRef="usd">9404000</us-gaap:OtherAssetsMiscellaneous>
    <us-gaap:OtherAssets
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMTQtMi0xLTEtMA_3bbfbf49-54ae-485c-a464-db37f7cdb30d"
      unitRef="usd">141738000</us-gaap:OtherAssets>
    <us-gaap:OtherAssets
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmZkNjkwOTM2ODAwNjQ0ZGJiNzRlNjA2ZDBlZmYwNDA3L3RhYmxlcmFuZ2U6ZmQ2OTA5MzY4MDA2NDRkYmI3NGU2MDZkMGVmZjA0MDdfMTQtNC0xLTEtMA_1baeb9a3-f367-4fde-9e42-a41141486c63"
      unitRef="usd">130588000</us-gaap:OtherAssets>
    <us-gaap:PropertyPlantAndEquipmentGross
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMjA3_6cc754b7-da09-454e-befa-b1faad147b4d"
      unitRef="usd">12000000</us-gaap:PropertyPlantAndEquipmentGross>
    <us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMjQy_1dfd3161-a019-4e4e-80be-aaf12fb81b0f"
      unitRef="usd">7000000</us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>
    <rwt:AccruedExpensesAndOtherLiabilitiesTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMTk4Mw_b795f95c-6fef-402b-8a85-242970c2d7ca">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Accrued expenses and other liabilities at March&#160;31, 2021 and December&#160;31, 2020 are summarized in the following table. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 12.2 &#x2013; Components of Accrued Expenses and Other Liabilities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Margin payable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;84,306&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,728&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accrued interest payable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32,167&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;34,858&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accrued compensation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;27,941&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;24,393&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accrued income taxes payable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,174&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,614&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Payable to minority partner&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,222&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,941&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating lease liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,885&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,687&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Current accounts payable&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,712&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,455&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Guarantee obligations&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,238&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,039&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loan and MSR repurchase reserve&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,731&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,631&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Bridge loan holdbacks&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,443&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,708&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accrued operating expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,222&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,509&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred consideration&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,579&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,233&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,198&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Accrued Expenses and Other Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;244,274&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;179,340&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</rwt:AccruedExpensesAndOtherLiabilitiesTableTextBlock>
    <rwt:MarginPayable
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMS0yLTEtMS00NDc5_98c36ae1-a555-4206-83cb-d6bb8e377fac"
      unitRef="usd">84306000</rwt:MarginPayable>
    <rwt:MarginPayable
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMS00LTEtMS00NDc5_af7fe860-b61b-47e5-a2f0-c66af4d749bb"
      unitRef="usd">14728000</rwt:MarginPayable>
    <us-gaap:InterestPayableCurrentAndNoncurrent
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMS0yLTEtMS0w_0cbe2e33-0aee-4c17-968c-5bcdb3636590"
      unitRef="usd">32167000</us-gaap:InterestPayableCurrentAndNoncurrent>
    <us-gaap:InterestPayableCurrentAndNoncurrent
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMS00LTEtMS0w_5a2bdaeb-5d47-409a-92cb-93b9ba57bbba"
      unitRef="usd">34858000</us-gaap:InterestPayableCurrentAndNoncurrent>
    <us-gaap:EmployeeRelatedLiabilitiesCurrentAndNoncurrent
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfNC0yLTEtMS00NDg3_528942cf-5e22-47d7-ae7e-b6cd1c2246ad"
      unitRef="usd">27941000</us-gaap:EmployeeRelatedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:EmployeeRelatedLiabilitiesCurrentAndNoncurrent
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfNC00LTEtMS00NDg3_b5fb5e3c-2797-4fb0-a019-fa6379545a26"
      unitRef="usd">24393000</us-gaap:EmployeeRelatedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:AccruedIncomeTaxesCurrent
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfNS0yLTEtMS00NDk5_935f6198-e750-491a-955b-ada52fc3ebd6"
      unitRef="usd">17174000</us-gaap:AccruedIncomeTaxesCurrent>
    <us-gaap:AccruedIncomeTaxesCurrent
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfNS00LTEtMS00NDk5_f7ab5a9d-05db-4084-b711-51c9cd7a85ad"
      unitRef="usd">5614000</us-gaap:AccruedIncomeTaxesCurrent>
    <us-gaap:MinorityInterestInLimitedPartnerships
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMy0yLTEtMS0w_c3c1bfa3-db55-4a4d-8d17-a5b516ff8ebf"
      unitRef="usd">16222000</us-gaap:MinorityInterestInLimitedPartnerships>
    <us-gaap:MinorityInterestInLimitedPartnerships
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMy00LTEtMS0w_9b3f852a-463a-4b16-bce4-a460eabb656a"
      unitRef="usd">16941000</us-gaap:MinorityInterestInLimitedPartnerships>
    <us-gaap:OperatingLeaseLiability
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfNS0yLTEtMS0w_b7427921-2c90-48fc-b0fc-2e0ba769717c"
      unitRef="usd">15885000</us-gaap:OperatingLeaseLiability>
    <us-gaap:OperatingLeaseLiability
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfNS00LTEtMS0w_2c06003f-4510-4aaa-834c-489af62797b4"
      unitRef="usd">16687000</us-gaap:OperatingLeaseLiability>
    <us-gaap:AccountsPayableCurrent
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfOC0yLTEtMS00NDkz_911f3603-2b20-4152-9a89-26b32954c6ac"
      unitRef="usd">15712000</us-gaap:AccountsPayableCurrent>
    <us-gaap:AccountsPayableCurrent
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfOC00LTEtMS00NDkz_eeabba03-882d-4862-a078-70a6807c2068"
      unitRef="usd">6455000</us-gaap:AccountsPayableCurrent>
    <us-gaap:GuarantyLiabilities
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfNy0yLTEtMS0w_154fba44-6296-4265-8d57-a5c261759901"
      unitRef="usd">9238000</us-gaap:GuarantyLiabilities>
    <us-gaap:GuarantyLiabilities
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfNy00LTEtMS0w_db5fe9a0-f4a5-4e0e-8bcc-3e096b280828"
      unitRef="usd">10039000</us-gaap:GuarantyLiabilities>
    <rwt:MortgageLoanOnRealEstateRepurchaseReserve
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTAtMi0xLTEtMA_0efa06ba-b989-408a-ba1b-1a5574986538"
      unitRef="usd">8731000</rwt:MortgageLoanOnRealEstateRepurchaseReserve>
    <rwt:MortgageLoanOnRealEstateRepurchaseReserve
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTAtNC0xLTEtMA_902acc28-f631-4e3f-88bd-2e0fa700dcfc"
      unitRef="usd">8631000</rwt:MortgageLoanOnRealEstateRepurchaseReserve>
    <rwt:BridgeLoanHoldback
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTEtMi0xLTEtMA_27deb3dd-9c83-416b-853e-a9818217a083"
      unitRef="usd">5443000</rwt:BridgeLoanHoldback>
    <rwt:BridgeLoanHoldback
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTEtNC0xLTEtMA_d593018e-27e1-438f-b43b-eac467013ae7"
      unitRef="usd">5708000</rwt:BridgeLoanHoldback>
    <rwt:AccruedOperatingExpenses
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTUtMi0xLTEtMA_9636ce8b-7670-4962-a3e2-c7edca57f946"
      unitRef="usd">4222000</rwt:AccruedOperatingExpenses>
    <rwt:AccruedOperatingExpenses
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTUtNC0xLTEtMA_49087a78-57c8-4948-840d-d9afea07dc3a"
      unitRef="usd">5509000</rwt:AccruedOperatingExpenses>
    <rwt:BusinessCombinationDeferredConsideration
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTctMi0xLTEtNDA5NA_45e853e0-4574-49d2-81b2-4fa6a74b1de3"
      unitRef="usd">0</rwt:BusinessCombinationDeferredConsideration>
    <rwt:BusinessCombinationDeferredConsideration
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTctNC0xLTEtMA_3de3ac2a-b144-440a-8be0-79825a53225f"
      unitRef="usd">14579000</rwt:BusinessCombinationDeferredConsideration>
    <rwt:OtherLiabilitiesMiscellaneous
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTgtMi0xLTEtMA_60a31aad-34b7-4cd7-ab9b-3859c5b6ffb6"
      unitRef="usd">7233000</rwt:OtherLiabilitiesMiscellaneous>
    <rwt:OtherLiabilitiesMiscellaneous
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTgtNC0xLTEtMA_5737b7ed-ad85-404e-b8c5-55fb752cb01e"
      unitRef="usd">15198000</rwt:OtherLiabilitiesMiscellaneous>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTktMi0xLTEtMA_2c5a843d-79a7-4a90-9c2b-082bd9fec350"
      unitRef="usd">244274000</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjE1ZWNhNzI2OWMyOTRkNDRiMjQxZWU2NzRkZWI4MWQ0L3RhYmxlcmFuZ2U6MTVlY2E3MjY5YzI5NGQ0NGIyNDFlZTY3NGRlYjgxZDRfMTktNC0xLTEtMA_bab5531c-71e5-4b7a-ab18-3ee15a4f87b8"
      unitRef="usd">179340000</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
    <rwt:BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares
      contextRef="i50e4916114a3496b96c44a9fef064940_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMTA5OTUxMTYzMzI4MQ_bbc49747-0eaf-4d52-baad-d5cc7d9a854c"
      unitRef="shares">806068</rwt:BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares>
    <us-gaap:PaymentForContingentConsiderationLiabilityFinancingActivities
      contextRef="i50e4916114a3496b96c44a9fef064940_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMTA5OTUxMTYzMzQ0Ng_352fdb74-30fb-42ed-a342-5687c4a136af"
      unitRef="usd">1000000</us-gaap:PaymentForContingentConsiderationLiabilityFinancingActivities>
    <us-gaap:OtherRealEstateRollForwardTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMjE5OTAyMzI1OTcwNQ_87c8b53e-0722-4968-9e07-578fdba3d4a0">&lt;div style="margin-top:9pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table summarizes the activity and carrying values of REO assets held at Redwood and at consolidated Legacy Sequoia, Freddie Mac SLST, and CAFL entities during the three months ended March&#160;31, 2021. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 12.3 &#x2013; REO Activity&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:37.650%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.572%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Redwood Bridge &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance at beginning of period&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,600&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;638&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;646&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,529&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,413&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Transfers to REO&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,483&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,276&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,924&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,683&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Liquidations &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4,880)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(40)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(91)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,909)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(6,920)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Changes in fair value, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;282&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(655)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(347)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Balance at End of Period&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,485&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;596&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,859&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,889&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,829&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:5pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;For the three months ended March&#160;31, 2021, REO liquidations resulted in $0.3 million of realized losses, which were recorded in Investment fair value changes, net on our consolidated statements of income (loss).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides the detail of REO assets at Redwood and at consolidated Legacy Sequoia, Freddie Mac SLST, and CAFL entities at March&#160;31, 2021 and December&#160;31, 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 12.4 &#x2013; REO Assets &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:37.650%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.572%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Number of REO assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Redwood  Bridge &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac SLST&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;At March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;26&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;At December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:OtherRealEstateRollForwardTableTextBlock>
    <us-gaap:RealEstateAcquiredThroughForeclosure
      contextRef="i98092e27a19543389c90f573c6968712_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMi0yLTEtMS0xMzc4_ba3ad99e-62fc-4189-a2fb-bde0c265eb2f"
      unitRef="usd">4600000</us-gaap:RealEstateAcquiredThroughForeclosure>
    <us-gaap:RealEstateAcquiredThroughForeclosure
      contextRef="iea1068e546f04912b572cb43b92fcf2b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMi00LTEtMS0xMzc4_b4ed23a1-614e-4ef1-8a92-55b86857d728"
      unitRef="usd">638000</us-gaap:RealEstateAcquiredThroughForeclosure>
    <us-gaap:RealEstateAcquiredThroughForeclosure
      contextRef="ifb0e7eae411240568f17998722c44b16_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMi02LTEtMS0xMzc4_94693445-9a69-41cc-83ed-805114ac14f1"
      unitRef="usd">646000</us-gaap:RealEstateAcquiredThroughForeclosure>
    <us-gaap:RealEstateAcquiredThroughForeclosure
      contextRef="i20a5d16647294933b875c5b0a773a3e3_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMi04LTEtMS0xMzc4_1422ad8a-dcea-48f0-ab31-0aebf8ca7b74"
      unitRef="usd">2529000</us-gaap:RealEstateAcquiredThroughForeclosure>
    <us-gaap:RealEstateAcquiredThroughForeclosure
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMi0xMC0xLTEtNDEwNQ_37f5cd0f-d383-4579-b44a-81ce480a4293"
      unitRef="usd">8413000</us-gaap:RealEstateAcquiredThroughForeclosure>
    <us-gaap:RealEstateAcquisitionsThroughForeclosures
      contextRef="i069f06ca33ba4c358f08d41bf8bf6813_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMy0yLTEtMS0xMzc4_8226ed12-56fe-44df-b0f9-c024ae333305"
      unitRef="usd">1483000</us-gaap:RealEstateAcquisitionsThroughForeclosures>
    <us-gaap:RealEstateAcquisitionsThroughForeclosures
      contextRef="i5bf7d2c43ff34fb6876ff66ed4de0df2_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMy00LTEtMS0xMzc4_03269dc3-ee29-4cbb-b7b8-4815b3134f2c"
      unitRef="usd">0</us-gaap:RealEstateAcquisitionsThroughForeclosures>
    <us-gaap:RealEstateAcquisitionsThroughForeclosures
      contextRef="ie42d37285e724465b4459dd904997e82_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMy02LTEtMS0xMzc4_77eb8735-ee23-4fba-bed9-5851dd6aa45d"
      unitRef="usd">1276000</us-gaap:RealEstateAcquisitionsThroughForeclosures>
    <us-gaap:RealEstateAcquisitionsThroughForeclosures
      contextRef="iecb9e4bb611941cea89bf4299a4726a3_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMy04LTEtMS0xMzc4_5c0558ea-8b82-457f-afa1-24f06f618d8b"
      unitRef="usd">11924000</us-gaap:RealEstateAcquisitionsThroughForeclosures>
    <us-gaap:RealEstateAcquisitionsThroughForeclosures
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfMy0xMC0xLTEtNDEwNQ_efee3818-0adb-455e-9155-95e6ada9ed50"
      unitRef="usd">14683000</us-gaap:RealEstateAcquisitionsThroughForeclosures>
    <us-gaap:RealEstateCostOfRealEstateSold
      contextRef="i069f06ca33ba4c358f08d41bf8bf6813_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNC0yLTEtMS0xMzc4_a078a2f8-98e3-4817-b85a-5f7c1e95356d"
      unitRef="usd">4880000</us-gaap:RealEstateCostOfRealEstateSold>
    <us-gaap:RealEstateCostOfRealEstateSold
      contextRef="i5bf7d2c43ff34fb6876ff66ed4de0df2_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNC00LTEtMS0xMzc4_3850fb8a-1c36-48f3-a94f-90151f55c572"
      unitRef="usd">40000</us-gaap:RealEstateCostOfRealEstateSold>
    <us-gaap:RealEstateCostOfRealEstateSold
      contextRef="ie42d37285e724465b4459dd904997e82_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNC02LTEtMS0xMzc4_f21c0481-6f93-41e3-be7c-bc89db65287e"
      unitRef="usd">91000</us-gaap:RealEstateCostOfRealEstateSold>
    <us-gaap:RealEstateCostOfRealEstateSold
      contextRef="iecb9e4bb611941cea89bf4299a4726a3_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNC04LTEtMS0xMzc4_ea120ae0-87cf-4d34-a9d9-9a92ea18a087"
      unitRef="usd">1909000</us-gaap:RealEstateCostOfRealEstateSold>
    <us-gaap:RealEstateCostOfRealEstateSold
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNC0xMC0xLTEtNDEwNQ_fa118f1b-7789-444c-a149-c223fe5e7e88"
      unitRef="usd">6920000</us-gaap:RealEstateCostOfRealEstateSold>
    <us-gaap:PrincipalInvestmentGainsLosses
      contextRef="i069f06ca33ba4c358f08d41bf8bf6813_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNS0yLTEtMS0xMzc4_9901fcec-7d9f-44ff-a922-6f10571ed4bb"
      unitRef="usd">282000</us-gaap:PrincipalInvestmentGainsLosses>
    <us-gaap:PrincipalInvestmentGainsLosses
      contextRef="i5bf7d2c43ff34fb6876ff66ed4de0df2_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNS00LTEtMS0xMzc4_5d0658bb-2a5e-4bd4-99ce-3b2abcd21c07"
      unitRef="usd">-2000</us-gaap:PrincipalInvestmentGainsLosses>
    <us-gaap:PrincipalInvestmentGainsLosses
      contextRef="ie42d37285e724465b4459dd904997e82_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNS02LTEtMS0xMzc4_b879d5fc-3622-467b-9e42-04183c9ce6b0"
      unitRef="usd">28000</us-gaap:PrincipalInvestmentGainsLosses>
    <us-gaap:PrincipalInvestmentGainsLosses
      contextRef="iecb9e4bb611941cea89bf4299a4726a3_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNS04LTEtMS0xMzc4_11ae49a1-40fa-469f-b3b6-5d3312f24b9a"
      unitRef="usd">-655000</us-gaap:PrincipalInvestmentGainsLosses>
    <us-gaap:PrincipalInvestmentGainsLosses
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNS0xMC0xLTEtNDEwNQ_1142ffd4-9867-4b98-8911-28f55b8ced60"
      unitRef="usd">-347000</us-gaap:PrincipalInvestmentGainsLosses>
    <us-gaap:RealEstateAcquiredThroughForeclosure
      contextRef="i2958cc03738f48d2a1eb431b9629817e_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNi0yLTEtMS00MTA1_6d66489d-72a2-4e99-af2f-ee8b38493c73"
      unitRef="usd">1485000</us-gaap:RealEstateAcquiredThroughForeclosure>
    <us-gaap:RealEstateAcquiredThroughForeclosure
      contextRef="i771e5befde524fbc88c2293bc358afa9_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNi00LTEtMS00MTA1_c8e83f15-59cb-48db-92b5-93cfecc09a23"
      unitRef="usd">596000</us-gaap:RealEstateAcquiredThroughForeclosure>
    <us-gaap:RealEstateAcquiredThroughForeclosure
      contextRef="ia8d57cf3bfb84a499f6d9c92669033ee_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNi02LTEtMS00MTA1_d57ad67a-59f6-44e7-95c3-7398ee08b9d1"
      unitRef="usd">1859000</us-gaap:RealEstateAcquiredThroughForeclosure>
    <us-gaap:RealEstateAcquiredThroughForeclosure
      contextRef="ia17c0de8f1d44ea094a1e171b3f19711_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNi04LTEtMS00MTA1_cbfa3b79-870a-444a-8ded-1b1d990c7222"
      unitRef="usd">11889000</us-gaap:RealEstateAcquiredThroughForeclosure>
    <us-gaap:RealEstateAcquiredThroughForeclosure
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOmM4ZmVlMWZmNzg4YTQwOTdiZTAxNTg1Mzg5NDA2YjMzL3RhYmxlcmFuZ2U6YzhmZWUxZmY3ODhhNDA5N2JlMDE1ODUzODk0MDZiMzNfNi0xMC0xLTEtNDEwNQ_b2a44f0c-4b58-47ea-b9a0-8a2699b34a26"
      unitRef="usd">15829000</us-gaap:RealEstateAcquiredThroughForeclosure>
    <us-gaap:PrincipalInvestmentGainsLosses
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-5"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RleHRyZWdpb246YmZiNmRkZTBhODdiNDc3ZGE2OTY1NDk1ZDNmNjg5OGFfMTA5OTUxMTYzMTQ3Mw_58accd98-a416-48f0-8343-b4abd4714526"
      unitRef="usd">-300000</us-gaap:PrincipalInvestmentGainsLosses>
    <us-gaap:NumberOfRealEstateProperties
      contextRef="i2958cc03738f48d2a1eb431b9629817e_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMS0yLTEtMS0xMzk5_b0c2f71f-b2f9-4026-9221-e60b0d23426f"
      unitRef="asset">2</us-gaap:NumberOfRealEstateProperties>
    <us-gaap:NumberOfRealEstateProperties
      contextRef="i771e5befde524fbc88c2293bc358afa9_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMS00LTEtMS0xMzk5_53d0b372-ab16-4267-8a3b-805027b054e9"
      unitRef="asset">2</us-gaap:NumberOfRealEstateProperties>
    <us-gaap:NumberOfRealEstateProperties
      contextRef="ia8d57cf3bfb84a499f6d9c92669033ee_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMS02LTEtMS0xMzk5_093e289c-227f-49a6-9950-e5e93ed651b0"
      unitRef="asset">20</us-gaap:NumberOfRealEstateProperties>
    <us-gaap:NumberOfRealEstateProperties
      contextRef="ia17c0de8f1d44ea094a1e171b3f19711_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMS04LTEtMS0xMzk5_7a156353-735a-4fd0-bb56-9276b9967370"
      unitRef="asset">2</us-gaap:NumberOfRealEstateProperties>
    <us-gaap:NumberOfRealEstateProperties
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMS0xMC0xLTEtNDEwOQ_733b4466-5293-4139-b5c7-95c5f2f6a97d"
      unitRef="asset">26</us-gaap:NumberOfRealEstateProperties>
    <us-gaap:NumberOfRealEstateProperties
      contextRef="i98092e27a19543389c90f573c6968712_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMi0yLTEtMS0xMzk5_08793233-83cb-444d-8ec5-925a67b57dcc"
      unitRef="asset">3</us-gaap:NumberOfRealEstateProperties>
    <us-gaap:NumberOfRealEstateProperties
      contextRef="iea1068e546f04912b572cb43b92fcf2b_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMi00LTEtMS0xMzk5_7c15c3d6-6284-451e-8ffe-2da384e3245a"
      unitRef="asset">3</us-gaap:NumberOfRealEstateProperties>
    <us-gaap:NumberOfRealEstateProperties
      contextRef="ifb0e7eae411240568f17998722c44b16_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMi02LTEtMS0xMzk5_a456d65f-6db9-4d64-9391-e1bb269a96e5"
      unitRef="asset">9</us-gaap:NumberOfRealEstateProperties>
    <us-gaap:NumberOfRealEstateProperties
      contextRef="i20a5d16647294933b875c5b0a773a3e3_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMi04LTEtMS0xMzk5_b406c150-7abe-4964-b67b-dff7b370e3f9"
      unitRef="asset">2</us-gaap:NumberOfRealEstateProperties>
    <us-gaap:NumberOfRealEstateProperties
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl83OS9mcmFnOmJmYjZkZGUwYTg3YjQ3N2RhNjk2NTQ5NWQzZjY4OThhL3RhYmxlOjMyZjA2NzI3Yzg5MzQ3MzFhZGVlNTZkNDFkOGI4NGQ3L3RhYmxlcmFuZ2U6MzJmMDY3MjdjODkzNDczMWFkZWU1NmQ0MWQ4Yjg0ZDdfMi0xMC0xLTEtNDEwOQ_5d505ba9-63b1-4995-a61b-da74e684300f"
      unitRef="asset">17</us-gaap:NumberOfRealEstateProperties>
    <us-gaap:ShortTermDebtTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjg3NA_914f04b3-1119-4d21-a6bc-e649300ceff8">Short-Term Debt&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We enter into repurchase agreements, bank warehouse agreements, and other forms of collateralized (and generally uncommitted) short-term borrowings with several banks and major investment banking firms. At March&#160;31, 2021, we had outstanding agreements with several counterparties and we were in compliance with all of the related covenants.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The table below summarizes our short-term debt, including the facilities that are available to us, the outstanding balances, the weighted average interest rate, and the maturity information at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 13.1 &#x2013; Short-Term Debt &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:17pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:34.644%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.218%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.470%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.218%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.244%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.112%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.224%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Number of Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Outstanding Balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Limit &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Weighted Average Interest Rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Maturity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Weighted Average Days Until Maturity&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Residential loan warehouse &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;839,224&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,600,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2.15&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;8/2021-3/2022&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;268&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Business purpose loan warehouse &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;140,916&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;500,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3.54&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5/2022-6/2022&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;436&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Real estate securities repo&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt; (1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;81,670&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1.72&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4/2021-6/2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;35&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total Short-Term Debt Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,061,810&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Servicer advance financing&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;192,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;335,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1.91&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;11/2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;244&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total Short-Term Debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,253,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:11pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:34.644%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.218%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.470%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.218%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.244%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.112%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.224%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Number of Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Outstanding Balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Limit&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Weighted Average Interest Rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Maturity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Weighted Average Days Until Maturity&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Residential loan warehouse &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;137,269&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,300,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2.45&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1/2021-11/2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;268&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Business purpose loan warehouse &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;99,190&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;500,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3.37&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5/2022-6/2022&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;521&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Real estate securities repo&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt; (1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;77,775&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2.24&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1/2021-3/2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;36&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total Short-Term Debt Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;9&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;314,234&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Servicer advance financing&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;208,375&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;335,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1.95&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;11/2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;334&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total Short-Term Debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;522,609&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Borrowings under our facilities are generally charged interest based on a specified margin over the one-month LIBOR interest rate. At March&#160;31, 2021 and December&#160;31, 2020, all of these borrowings were under uncommitted facilities and were due within 364 days (or less) of the borrowing date.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Due to the revolving nature of the borrowings under these facilities, we have classified these facilities as short-term debt at March&#160;31, 2021. Borrowings under these facilities will be repaid as the underlying loans mature or are sold to third parties or transferred to securitizations. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table below presents the value of loans, securities, and other assets pledged as collateral under our short-term debt at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 13.2 &#x2013; Collateral for Short-Term Debt&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:61.122%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.096%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Collateral Type&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-sale residential loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;926,076&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;156,355&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Business purpose loans &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;164,829&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;127,029&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real estate securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;On balance sheet&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,611&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,193&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Sequoia Choice securitizations &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;63,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;63,105&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Freddie Mac K-Series securitization &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,979&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,255&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total real estate securities owned&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; &lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;108,784&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;114,553&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Restricted cash and other assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,381&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;315&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Collateral for Short-Term Debt Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,217,070&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;398,252&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Cash&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,698&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,978&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Restricted cash&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;29,518&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,220&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Servicer advances&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;192,852&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;217,656&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Collateral for Servicer Advance Financing&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;233,068&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;250,854&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Collateral for Short-Term Debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,450,138&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;649,106&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Represents securities we have retained from consolidated securitization entities. For GAAP purposes, we consolidate the loans and non-recourse ABS debt issued from these securitizations. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;For the three months ended March&#160;31, 2021 and 2020, the average balances of our short-term debt facilities were $988 million and $1.74 billion, respectively. At both March&#160;31, 2021 and December&#160;31, 2020, accrued interest payable on our short-term debt facilities was $1 million.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Servicer advance financing consists of non-recourse short-term securitization debt used to finance servicer advance investments. We consolidate the securitization entity that issued the debt, but the entity is independent of Redwood and the assets and liabilities are not owned by and are not legal obligations of Redwood. At March&#160;31, 2021, the accrued interest payable balance on this financing was $0.1 million and the unamortized capitalized commitment costs were $1 million.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We also maintain a $10 million committed line of credit with a financial institution that is secured by certain mortgage-backed securities with a fair market value of $2 million at March&#160;31, 2021. At both March&#160;31, 2021 and December&#160;31, 2020, we had no outstanding borrowings on this facility.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Remaining Maturities of Short-Term Debt&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the remaining maturities of our secured short-term debt by the type of collateral securing the debt at March&#160;31, 2021.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 13.3 &#x2013; Short-Term Debt by Collateral Type and Remaining Maturities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:40.543%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.941%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.409%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.409%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.414%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Within 30 days&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;31 to 90 days&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Over 90 days&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Collateral Type&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-sale residential loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;839,224&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;839,224&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Business purpose loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;140,916&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;140,916&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real estate securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;44,391&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,279&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;81,670&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Secured Short-Term Debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;44,391&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,279&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;980,140&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,061,810&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Servicer advance financing&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;192,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;192,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Short-Term Debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;44,391&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,279&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,172,212&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,253,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ShortTermDebtTextBlock>
    <us-gaap:ScheduleOfShortTermDebtTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjg4Mw_b1eed8f2-8566-4132-b730-8f98a2a129c3">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The table below summarizes our short-term debt, including the facilities that are available to us, the outstanding balances, the weighted average interest rate, and the maturity information at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 13.1 &#x2013; Short-Term Debt &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:17pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:34.644%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.218%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.470%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.218%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.244%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.112%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.224%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Number of Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Outstanding Balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Limit &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Weighted Average Interest Rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Maturity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Weighted Average Days Until Maturity&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Residential loan warehouse &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;839,224&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,600,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2.15&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;8/2021-3/2022&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;268&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Business purpose loan warehouse &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;140,916&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;500,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3.54&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5/2022-6/2022&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;436&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Real estate securities repo&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt; (1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;81,670&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1.72&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4/2021-6/2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;35&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total Short-Term Debt Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,061,810&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Servicer advance financing&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;192,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;335,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1.91&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;11/2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;244&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total Short-Term Debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,253,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:11pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:34.644%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.218%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.470%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.218%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:7.244%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.112%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.224%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Number of Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Outstanding Balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Limit&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Weighted Average Interest Rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Maturity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Weighted Average Days Until Maturity&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Residential loan warehouse &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;137,269&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,300,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2.45&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1/2021-11/2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;268&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Business purpose loan warehouse &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;99,190&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;500,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3.37&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5/2022-6/2022&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;521&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Real estate securities repo&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt; (1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;77,775&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2.24&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1/2021-3/2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;36&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total Short-Term Debt Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;9&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;314,234&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Servicer advance financing&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;208,375&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;335,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1.95&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;11/2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;334&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total Short-Term Debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;522,609&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Borrowings under our facilities are generally charged interest based on a specified margin over the one-month LIBOR interest rate. At March&#160;31, 2021 and December&#160;31, 2020, all of these borrowings were under uncommitted facilities and were due within 364 days (or less) of the borrowing date.&lt;/span&gt;&lt;/div&gt;(2)Due to the revolving nature of the borrowings under these facilities, we have classified these facilities as short-term debt at March&#160;31, 2021. Borrowings under these facilities will be repaid as the underlying loans mature or are sold to third parties or transferred to securitizations.</us-gaap:ScheduleOfShortTermDebtTextBlock>
    <rwt:NumberOfFacilities
      contextRef="ia9f73043c9e94ae7b27003e766e53bb8_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfMy0yLTEtMS0w_59171bda-b2c7-4595-b1d9-e59d77dd8f0e"
      unitRef="facility">5</rwt:NumberOfFacilities>
    <us-gaap:ShortTermBorrowings
      contextRef="ia8b45feee21a473caa69936a8cdfeb16_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfMy00LTEtMS0w_a460cc66-29db-427f-9489-76fb76b3f626"
      unitRef="usd">839224000</us-gaap:ShortTermBorrowings>
    <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
      contextRef="ia8b45feee21a473caa69936a8cdfeb16_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfMy02LTEtMS0w_bb6154cd-5c92-4684-908d-08c3568f2de8"
      unitRef="usd">1600000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
    <us-gaap:ShortTermDebtWeightedAverageInterestRate
      contextRef="ia8b45feee21a473caa69936a8cdfeb16_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfMy04LTEtMS0w_6391218a-1d2c-40e1-9ab2-bf9b4ee25ba1"
      unitRef="number">0.0215</us-gaap:ShortTermDebtWeightedAverageInterestRate>
    <rwt:DebtInstrumentAverageMaturityTerm
      contextRef="ia9f73043c9e94ae7b27003e766e53bb8_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfMy0xMi0xLTEtMA_50361d75-2b03-41ae-8501-458e0dba107f">P268D</rwt:DebtInstrumentAverageMaturityTerm>
    <rwt:NumberOfFacilities
      contextRef="i8db4db0fd8b744d4bb3321992e0f902c_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNS0yLTEtMS0w_c1adf08f-a81a-4a9d-afb3-f411fd1aeb7e"
      unitRef="facility">2</rwt:NumberOfFacilities>
    <us-gaap:ShortTermBorrowings
      contextRef="i6ffd4857f85440afa0a284ed23406060_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNS00LTEtMS0w_7ac4ef0a-bf21-4b3e-9f3b-939ebac02ca2"
      unitRef="usd">140916000</us-gaap:ShortTermBorrowings>
    <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
      contextRef="i6ffd4857f85440afa0a284ed23406060_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNS02LTEtMS0w_99986c76-0bb6-494d-be49-791f22c6ea22"
      unitRef="usd">500000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
    <us-gaap:ShortTermDebtWeightedAverageInterestRate
      contextRef="i6ffd4857f85440afa0a284ed23406060_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNS04LTEtMS0w_4fbb4d0f-76aa-4949-bff0-913f001b766a"
      unitRef="number">0.0354</us-gaap:ShortTermDebtWeightedAverageInterestRate>
    <rwt:DebtInstrumentAverageMaturityTerm
      contextRef="i8db4db0fd8b744d4bb3321992e0f902c_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNS0xMi0xLTEtMA_6d82cebc-edd6-49ae-8ec4-ff50e752f14c">P436D</rwt:DebtInstrumentAverageMaturityTerm>
    <rwt:NumberOfFacilities
      contextRef="i03f8c314defc43e394b642d3d9447ede_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNi0yLTEtMS0w_51b60b3b-e709-4e09-bedc-16ff93ed043d"
      unitRef="facility">3</rwt:NumberOfFacilities>
    <us-gaap:ShortTermBorrowings
      contextRef="i16501a1ddb2e470d9252f70cf0ff6ffe_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNi00LTEtMS0w_0432f244-c15c-4b7b-99d5-9eddc00e6a57"
      unitRef="usd">81670000</us-gaap:ShortTermBorrowings>
    <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
      contextRef="i16501a1ddb2e470d9252f70cf0ff6ffe_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNi02LTEtMS0w_9d27f3bb-9e91-4e50-95ad-fbfd618385bf"
      unitRef="usd">0</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
    <us-gaap:ShortTermDebtWeightedAverageInterestRate
      contextRef="i16501a1ddb2e470d9252f70cf0ff6ffe_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNi04LTEtMS0w_fde93bd6-50b7-4803-8d66-95a751473219"
      unitRef="number">0.0172</us-gaap:ShortTermDebtWeightedAverageInterestRate>
    <rwt:DebtInstrumentAverageMaturityTerm
      contextRef="i03f8c314defc43e394b642d3d9447ede_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfNi0xMi0xLTEtMA_0d156d85-3f7a-4a65-bc62-7136e46b4ad2">P35D</rwt:DebtInstrumentAverageMaturityTerm>
    <rwt:NumberOfFacilities
      contextRef="i5f0633799e684b9caa13b5cf327093f3_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfOC0yLTEtMS0w_1c18daa8-86bc-4c3e-84b5-8e49dc5bb431"
      unitRef="facility">10</rwt:NumberOfFacilities>
    <us-gaap:ShortTermBorrowings
      contextRef="ia43810ecb4814dfdb51727eef760ddcf_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfOC00LTEtMS0w_2919193c-a630-4390-9d44-465a27a442b2"
      unitRef="usd">1061810000</us-gaap:ShortTermBorrowings>
    <rwt:NumberOfFacilities
      contextRef="i28db743f036346c8b3e261874ea54c69_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfOS0yLTEtMS0w_e73d17a8-a1f2-4aa9-be37-335256d5230f"
      unitRef="facility">1</rwt:NumberOfFacilities>
    <us-gaap:ShortTermBorrowings
      contextRef="ic8aee2b0ca644fc7a048baf04d01762f_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfOS00LTEtMS0w_3b73813e-e5cd-4ceb-920e-32fa06c9c650"
      unitRef="usd">192072000</us-gaap:ShortTermBorrowings>
    <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
      contextRef="ic8aee2b0ca644fc7a048baf04d01762f_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfOS02LTEtMS0w_55b207a1-8476-4c24-968d-58b71b13ab64"
      unitRef="usd">335000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
    <us-gaap:ShortTermDebtWeightedAverageInterestRate
      contextRef="ic8aee2b0ca644fc7a048baf04d01762f_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfOS04LTEtMS0w_809734aa-75b6-4070-ada9-95b2a5d45931"
      unitRef="number">0.0191</us-gaap:ShortTermDebtWeightedAverageInterestRate>
    <rwt:DebtInstrumentAverageMaturityTerm
      contextRef="i28db743f036346c8b3e261874ea54c69_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfOS0xMi0xLTEtMA_40fdda08-03b9-4582-b284-5f47902bd429">P244D</rwt:DebtInstrumentAverageMaturityTerm>
    <us-gaap:ShortTermBorrowings
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjk5MDgyNTFkNGNkYzRhNzI5YjhkYTQwMjMzOTJkOTYwL3RhYmxlcmFuZ2U6OTkwODI1MWQ0Y2RjNGE3MjliOGRhNDAyMzM5MmQ5NjBfMTEtNC0xLTEtMA_bbc4a5ce-c530-4652-a322-f44a6801e804"
      unitRef="usd">1253882000</us-gaap:ShortTermBorrowings>
    <rwt:NumberOfFacilities
      contextRef="i6dec8b91139641398d58c641e005c944_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfMy0yLTEtMS0w_08117363-0c08-4922-9da1-8f710a9dd0ed"
      unitRef="facility">4</rwt:NumberOfFacilities>
    <us-gaap:ShortTermBorrowings
      contextRef="ibf7a2f21c68f47c2b9d4533028ecca17_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfMy00LTEtMS0w_d61b2c11-368d-4762-bd25-1c870daa835b"
      unitRef="usd">137269000</us-gaap:ShortTermBorrowings>
    <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
      contextRef="ibf7a2f21c68f47c2b9d4533028ecca17_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfMy02LTEtMS0w_ed160b7e-b7d6-4b91-948a-f09552cce31a"
      unitRef="usd">1300000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
    <us-gaap:ShortTermDebtWeightedAverageInterestRate
      contextRef="ibf7a2f21c68f47c2b9d4533028ecca17_I20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfMy04LTEtMS0w_c1e1df6f-e986-4dbe-bfd2-2d052ea81f88"
      unitRef="number">0.0245</us-gaap:ShortTermDebtWeightedAverageInterestRate>
    <rwt:DebtInstrumentAverageMaturityTerm
      contextRef="i6dec8b91139641398d58c641e005c944_D20200101-20201231"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfMy0xMi0xLTEtMA_be56198a-9e65-4d6f-b0c3-6b6f00feb014">P268D</rwt:DebtInstrumentAverageMaturityTerm>
    <rwt:NumberOfFacilities
      contextRef="i165357a3af1b4e889fdbcc8712be25a1_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNS0yLTEtMS0w_97284dc6-66c4-453b-bb42-2de8e085f46a"
      unitRef="facility">2</rwt:NumberOfFacilities>
    <us-gaap:ShortTermBorrowings
      contextRef="idfec88cc598346d7b86f7f2c60d3e9e4_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNS00LTEtMS0w_a6a5916f-bf25-457d-bd45-a205178b7fa5"
      unitRef="usd">99190000</us-gaap:ShortTermBorrowings>
    <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
      contextRef="idfec88cc598346d7b86f7f2c60d3e9e4_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNS02LTEtMS0w_1a9e7dcf-07be-4f87-90ff-ed010eb0c6f4"
      unitRef="usd">500000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
    <us-gaap:ShortTermDebtWeightedAverageInterestRate
      contextRef="idfec88cc598346d7b86f7f2c60d3e9e4_I20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNS04LTEtMS0w_0a2288f5-842c-4b04-83c1-1bb12d127042"
      unitRef="number">0.0337</us-gaap:ShortTermDebtWeightedAverageInterestRate>
    <rwt:DebtInstrumentAverageMaturityTerm
      contextRef="i165357a3af1b4e889fdbcc8712be25a1_D20200101-20201231"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNS0xMi0xLTEtMA_d7e956fb-5cd1-4c1d-a9bf-4d9d0be0fd01">P521D</rwt:DebtInstrumentAverageMaturityTerm>
    <rwt:NumberOfFacilities
      contextRef="i126060c464f44f83aa01b7b6b649d124_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNi0yLTEtMS0w_97ee6dcc-a040-45d8-8c0a-a3e53fa85b74"
      unitRef="facility">3</rwt:NumberOfFacilities>
    <us-gaap:ShortTermBorrowings
      contextRef="iacb3041a746c4c6bafa32dc5e51008cf_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNi00LTEtMS0w_203685de-03fc-4b0a-8ef8-2190e6d0073a"
      unitRef="usd">77775000</us-gaap:ShortTermBorrowings>
    <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
      contextRef="iacb3041a746c4c6bafa32dc5e51008cf_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNi02LTEtMS0w_81e86e4a-0f8e-4c3c-bf17-1194f7bee770"
      unitRef="usd">0</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
    <us-gaap:ShortTermDebtWeightedAverageInterestRate
      contextRef="iacb3041a746c4c6bafa32dc5e51008cf_I20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNi04LTEtMS0w_8c5f9f8e-4e35-417b-b027-4494c6437b95"
      unitRef="number">0.0224</us-gaap:ShortTermDebtWeightedAverageInterestRate>
    <rwt:DebtInstrumentAverageMaturityTerm
      contextRef="i126060c464f44f83aa01b7b6b649d124_D20200101-20201231"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNi0xMi0xLTEtMA_0ea77550-0049-482a-a478-07554d4d7ece">P36D</rwt:DebtInstrumentAverageMaturityTerm>
    <rwt:NumberOfFacilities
      contextRef="i79ae9a48a64f4676b488b1e0abf75e6e_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNy0yLTEtMS0w_b00da852-5e0c-4624-9855-74bd281f4830"
      unitRef="facility">9</rwt:NumberOfFacilities>
    <us-gaap:ShortTermBorrowings
      contextRef="i4255791bdb9f43d6b5eead494efb6e4c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfNy00LTEtMS0w_79a7a8e8-5776-416c-bcf9-c4b0329ab6a2"
      unitRef="usd">314234000</us-gaap:ShortTermBorrowings>
    <rwt:NumberOfFacilities
      contextRef="i04266052ec5e42aa9a2f8baec7852699_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfOC0yLTEtMS0w_186ee00a-48d9-4890-97fd-ba90f669f2bd"
      unitRef="facility">1</rwt:NumberOfFacilities>
    <us-gaap:ShortTermBorrowings
      contextRef="i28e8453c5c2b43c5b3d9b6aaaabdbbc7_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfOC00LTEtMS0w_3cb0064b-9b5a-40c5-87b3-2be7765dc0bd"
      unitRef="usd">208375000</us-gaap:ShortTermBorrowings>
    <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
      contextRef="i28e8453c5c2b43c5b3d9b6aaaabdbbc7_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfOC02LTEtMS0w_44bc3b73-5339-4ab4-9d1b-7fd990d5e542"
      unitRef="usd">335000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
    <us-gaap:ShortTermDebtWeightedAverageInterestRate
      contextRef="i28e8453c5c2b43c5b3d9b6aaaabdbbc7_I20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfOC04LTEtMS0w_7975b60b-335f-4b5c-9bdb-43f55f84c43a"
      unitRef="number">0.0195</us-gaap:ShortTermDebtWeightedAverageInterestRate>
    <rwt:DebtInstrumentAverageMaturityTerm
      contextRef="i04266052ec5e42aa9a2f8baec7852699_D20200101-20201231"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfOC0xMi0xLTEtMA_b4ac5a99-a35d-4a03-8977-daa9d5bc8db3">P334D</rwt:DebtInstrumentAverageMaturityTerm>
    <us-gaap:ShortTermBorrowings
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmM2MmFhMTkxODY0MjQwZWM4ODQ3NWY4MDlhNWVjZWNhL3RhYmxlcmFuZ2U6YzYyYWExOTE4NjQyNDBlYzg4NDc1ZjgwOWE1ZWNlY2FfMTAtNC0xLTEtMA_40320250-0973-4d53-81d4-44806bc3a5a8"
      unitRef="usd">522609000</us-gaap:ShortTermBorrowings>
    <rwt:ScheduleCollateralforShortTermDebtTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjg2Mw_c0f65faf-c8a7-4f51-a8e5-5cee256d8e1c">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table below presents the value of loans, securities, and other assets pledged as collateral under our short-term debt at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 13.2 &#x2013; Collateral for Short-Term Debt&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:61.122%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.096%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Collateral Type&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-sale residential loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;926,076&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;156,355&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Business purpose loans &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;164,829&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;127,029&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real estate securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;On balance sheet&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,611&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,193&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Sequoia Choice securitizations &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;63,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;63,105&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Freddie Mac K-Series securitization &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,979&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,255&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total real estate securities owned&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; &lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;108,784&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;114,553&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Restricted cash and other assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,381&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;315&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Collateral for Short-Term Debt Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,217,070&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;398,252&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Cash&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,698&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,978&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Restricted cash&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;29,518&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,220&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Servicer advances&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;192,852&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;217,656&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Collateral for Servicer Advance Financing&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;233,068&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;250,854&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Collateral for Short-Term Debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,450,138&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;649,106&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;(1)Represents securities we have retained from consolidated securitization entities. For GAAP purposes, we consolidate the loans and non-recourse ABS debt issued from these securitizations.</rwt:ScheduleCollateralforShortTermDebtTableTextBlock>
    <us-gaap:LoansPledgedAsCollateral
      contextRef="i19473de808124d1089382119073c12e0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMi0yLTEtMS0w_54b4b970-16e0-43b5-8928-50b0c8557693"
      unitRef="usd">926076000</us-gaap:LoansPledgedAsCollateral>
    <us-gaap:LoansPledgedAsCollateral
      contextRef="i533a836792b343b88bfe29836076ae8f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMi00LTEtMS0w_5a5279a1-6285-4ed1-b3b1-a1fcfb746a0c"
      unitRef="usd">156355000</us-gaap:LoansPledgedAsCollateral>
    <us-gaap:LoansPledgedAsCollateral
      contextRef="i44601d0c42c243da8341d91b7d40c1b5_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMy0yLTEtMS0w_0289a7ce-5056-40d2-9ced-7e86e330a63e"
      unitRef="usd">164829000</us-gaap:LoansPledgedAsCollateral>
    <us-gaap:LoansPledgedAsCollateral
      contextRef="idda1a11084c643638084a5460f64b932_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMy00LTEtMS0w_88febe1c-76b7-4672-a2ee-58d1b658da23"
      unitRef="usd">127029000</us-gaap:LoansPledgedAsCollateral>
    <us-gaap:DebtSecuritiesAvailableForSaleRestricted
      contextRef="i66ce44f2248d41c7b98399860d7d0466_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfNS0yLTEtMS0w_9215eab2-9942-43d4-9861-1f85521a1835"
      unitRef="usd">16611000</us-gaap:DebtSecuritiesAvailableForSaleRestricted>
    <us-gaap:DebtSecuritiesAvailableForSaleRestricted
      contextRef="id578750521044656a9445ef3628c80a0_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfNS00LTEtMS0w_8151256b-259b-4786-9bfc-e16936a75ec6"
      unitRef="usd">23193000</us-gaap:DebtSecuritiesAvailableForSaleRestricted>
    <us-gaap:DebtSecuritiesTradingRestricted
      contextRef="i0835f2be609d4cdb9e4990235edcdda9_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfNi0yLTEtMS0w_bcc38945-e7b7-48ce-ae1d-268584d6730c"
      unitRef="usd">63194000</us-gaap:DebtSecuritiesTradingRestricted>
    <us-gaap:DebtSecuritiesTradingRestricted
      contextRef="ib5ac6a7aee5843bd9a4269e0655dc6fa_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfNi00LTEtMS0w_48ae7149-d3e3-4b11-92d2-ca739919f71d"
      unitRef="usd">63105000</us-gaap:DebtSecuritiesTradingRestricted>
    <us-gaap:DebtSecuritiesTradingRestricted
      contextRef="i9e40d1d600dd4c028de213f181c242b6_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfOC0yLTEtMS0w_06bc28d4-ee75-42bb-a4d6-b72c8dacaa28"
      unitRef="usd">28979000</us-gaap:DebtSecuritiesTradingRestricted>
    <us-gaap:DebtSecuritiesTradingRestricted
      contextRef="i77bd7942ec824d8f849a74e0c4e59664_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfOC00LTEtMS0w_1ffd51fc-4ad0-447f-b2de-1d0c43ce3148"
      unitRef="usd">28255000</us-gaap:DebtSecuritiesTradingRestricted>
    <us-gaap:PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue
      contextRef="ia43810ecb4814dfdb51727eef760ddcf_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTAtMi0xLTEtMA_7403211c-0334-4b5b-9ade-4ad65f8b7dcd"
      unitRef="usd">108784000</us-gaap:PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue>
    <us-gaap:PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue
      contextRef="i4255791bdb9f43d6b5eead494efb6e4c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTAtNC0xLTEtMA_a4e1e030-187e-4d12-9b69-60b28648afa4"
      unitRef="usd">114553000</us-gaap:PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue>
    <rwt:RestrictedCashAndOtherAssetsPledgedAsCollateral
      contextRef="ia43810ecb4814dfdb51727eef760ddcf_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTEtMi0xLTEtMA_01823c40-a37b-4f59-8fe5-31465162591b"
      unitRef="usd">17381000</rwt:RestrictedCashAndOtherAssetsPledgedAsCollateral>
    <rwt:RestrictedCashAndOtherAssetsPledgedAsCollateral
      contextRef="i4255791bdb9f43d6b5eead494efb6e4c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTEtNC0xLTEtMA_3ff9c1e7-934e-4501-bff4-e1f31a87d0eb"
      unitRef="usd">315000</rwt:RestrictedCashAndOtherAssetsPledgedAsCollateral>
    <rwt:ShorttermDebtPledgedasCollateral
      contextRef="ia43810ecb4814dfdb51727eef760ddcf_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTItMi0xLTEtMA_caab827d-5e52-43bd-a77e-caa8edacfc3e"
      unitRef="usd">1217070000</rwt:ShorttermDebtPledgedasCollateral>
    <rwt:ShorttermDebtPledgedasCollateral
      contextRef="i4255791bdb9f43d6b5eead494efb6e4c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTItNC0xLTEtMA_fc26b2fc-536b-4323-be5b-ad9ba027b829"
      unitRef="usd">398252000</rwt:ShorttermDebtPledgedasCollateral>
    <us-gaap:CashCollateralForBorrowedSecurities
      contextRef="ic8aee2b0ca644fc7a048baf04d01762f_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTMtMi0xLTEtNDY3Mg_d6b1f896-68a5-41a1-ba0c-040f4a516335"
      unitRef="usd">10698000</us-gaap:CashCollateralForBorrowedSecurities>
    <us-gaap:CashCollateralForBorrowedSecurities
      contextRef="i28e8453c5c2b43c5b3d9b6aaaabdbbc7_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTMtNC0xLTEtNDY3Mg_4d6d186b-2d61-4b5e-89dd-a4584f1d689a"
      unitRef="usd">9978000</us-gaap:CashCollateralForBorrowedSecurities>
    <rwt:RestrictedCashCollateralForBorrowedSecurities
      contextRef="ic8aee2b0ca644fc7a048baf04d01762f_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTQtMi0xLTEtNDY3Mg_00ae71be-3065-4f12-95b0-7c781600454d"
      unitRef="usd">29518000</rwt:RestrictedCashCollateralForBorrowedSecurities>
    <rwt:RestrictedCashCollateralForBorrowedSecurities
      contextRef="i28e8453c5c2b43c5b3d9b6aaaabdbbc7_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTQtNC0xLTEtNDY3Mg_b446cd00-4388-44f1-87c3-faf5aa792d6d"
      unitRef="usd">23220000</rwt:RestrictedCashCollateralForBorrowedSecurities>
    <rwt:ServicerAdvancesCollateral
      contextRef="ic8aee2b0ca644fc7a048baf04d01762f_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTUtMi0xLTEtNDY3Mg_b303625c-d795-4180-befc-2821d80ca872"
      unitRef="usd">192852000</rwt:ServicerAdvancesCollateral>
    <rwt:ServicerAdvancesCollateral
      contextRef="i28e8453c5c2b43c5b3d9b6aaaabdbbc7_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTUtNC0xLTEtNDY3Mg_96694795-b08c-4404-8a0b-a179cafae893"
      unitRef="usd">217656000</rwt:ServicerAdvancesCollateral>
    <rwt:ShorttermDebtPledgedasCollateral
      contextRef="ic8aee2b0ca644fc7a048baf04d01762f_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTYtMi0xLTEtNDY3Mg_af858291-32c7-4b15-a8c0-ff96c4b3ed91"
      unitRef="usd">233068000</rwt:ShorttermDebtPledgedasCollateral>
    <rwt:ShorttermDebtPledgedasCollateral
      contextRef="i28e8453c5c2b43c5b3d9b6aaaabdbbc7_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTYtNC0xLTEtNDY3Mg_31b46b10-1713-4667-b587-019fb31a19ee"
      unitRef="usd">250854000</rwt:ShorttermDebtPledgedasCollateral>
    <rwt:ShorttermDebtPledgedasCollateral
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTctMi0xLTEtNDY3Mg_6ce40305-bbba-4deb-bc2c-461555a14963"
      unitRef="usd">1450138000</rwt:ShorttermDebtPledgedasCollateral>
    <rwt:ShorttermDebtPledgedasCollateral
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOmE0MmJiODVlMGUzMDQ1ZTVhOTI1OGFmZDI1MDBlZGQwL3RhYmxlcmFuZ2U6YTQyYmI4NWUwZTMwNDVlNWE5MjU4YWZkMjUwMGVkZDBfMTctNC0xLTEtNDY3Mg_424b5318-3048-43aa-86fe-cbd8c75c958f"
      unitRef="usd">649106000</rwt:ShorttermDebtPledgedasCollateral>
    <us-gaap:ShorttermDebtAverageOutstandingAmount
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMTY0Mw_1cf77b52-9ca1-4f40-b315-f0a7b98b7968"
      unitRef="usd">988000000</us-gaap:ShorttermDebtAverageOutstandingAmount>
    <us-gaap:ShorttermDebtAverageOutstandingAmount
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMTA5OTUxMTYzMDg5NA_e9cf3bba-3240-4924-83e5-30b449af7eab"
      unitRef="usd">1740000000</us-gaap:ShorttermDebtAverageOutstandingAmount>
    <us-gaap:InterestPayableCurrent
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMTc0NQ_482014e3-b242-4e0f-9716-90085998e7ff"
      unitRef="usd">1000000</us-gaap:InterestPayableCurrent>
    <us-gaap:InterestPayableCurrent
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMTc0NQ_ff8ab732-244f-4fe0-aa66-0897383e8c7e"
      unitRef="usd">1000000</us-gaap:InterestPayableCurrent>
    <us-gaap:InterestPayableCurrent
      contextRef="i2bce8ddeacf34f0ab08ac9d6c5579bf2_I20210331"
      decimals="-5"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjI4MQ_533c2d61-3de2-4be7-885d-dcae6da0ff4f"
      unitRef="usd">100000</us-gaap:InterestPayableCurrent>
    <us-gaap:UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
      contextRef="i2bce8ddeacf34f0ab08ac9d6c5579bf2_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjMzOA_8f37bd22-7882-4328-a237-e53be78909d2"
      unitRef="usd">1000000</us-gaap:UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums>
    <us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjM2MQ_7b4b1c49-fef4-4982-8656-bd8e4d83cde2"
      unitRef="usd">10000000</us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity>
    <us-gaap:FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjUwMA_d39442a4-627f-4dd2-bb34-318b4a415811"
      unitRef="usd">2000000</us-gaap:FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue>
    <us-gaap:LineOfCredit
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjUzNg_5b8f3ab2-9ac9-4b38-9725-4bba95b9ba04"
      unitRef="usd">0</us-gaap:LineOfCredit>
    <us-gaap:LineOfCredit
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjUzNg_cb279dff-19bb-42cf-94f5-fbd8fd58e6fa"
      unitRef="usd">0</us-gaap:LineOfCredit>
    <rwt:ScheduleOfMaturitiesOfDebtDisclosureTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RleHRyZWdpb246MDc0YzYyZjEzOTYzNGIzYmFhNjM5ZDk0MzY5OTc3OTdfMjg3Mg_9b5f054a-3b65-496a-bda5-4cfac4610647">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the remaining maturities of our secured short-term debt by the type of collateral securing the debt at March&#160;31, 2021.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 13.3 &#x2013; Short-Term Debt by Collateral Type and Remaining Maturities&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:40.543%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:13.941%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.409%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.409%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.496%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.414%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Within 30 days&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;31 to 90 days&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Over 90 days&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Collateral Type&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Held-for-sale residential loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;839,224&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;839,224&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Business purpose loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;140,916&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;140,916&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real estate securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;44,391&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,279&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;81,670&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Secured Short-Term Debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;44,391&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,279&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;980,140&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,061,810&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Servicer advance financing&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;192,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;192,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Short-Term Debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;44,391&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,279&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,172,212&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,253,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</rwt:ScheduleOfMaturitiesOfDebtDisclosureTextBlock>
    <us-gaap:ShortTermBorrowings
      contextRef="i4d47feb4875240099f8dfb49bcce80ac_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfMy0yLTEtMS0w_bb44bf14-a49c-4358-86a0-3c511f98972e"
      unitRef="usd">0</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="ic71992f105d94499813141a1797e4135_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfMy00LTEtMS0w_071f2c5d-2ed2-49af-9d67-f38ae70ea994"
      unitRef="usd">0</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i6722a519fb4149eb9fc17aee7affa8f5_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfMy02LTEtMS0w_54624324-ba75-4027-be8c-dc687d361bf9"
      unitRef="usd">839224000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="ia8b45feee21a473caa69936a8cdfeb16_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfMy04LTEtMS0w_8fa5cc4a-ecd7-49e6-825e-dcfc5e2cb7f3"
      unitRef="usd">839224000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i204e8a8914c740268bd5345279f02f5b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNC0yLTEtMS0w_1bba69e7-67f7-429f-a71d-c1a4615c5b70"
      unitRef="usd">0</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="if20f917400db40719d651fa20b023411_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNC00LTEtMS0w_90f1b5d2-87a8-47a0-946c-f7bd4bc4e8b6"
      unitRef="usd">0</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i711b39c118a84c1a977efb93db078afe_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNC02LTEtMS0w_24817c64-e48e-4fc8-b913-2494f41e3361"
      unitRef="usd">140916000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i5837647120084c96b54df3f5d905156b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNC04LTEtMS0w_cc974555-1da3-48a2-a03c-4f7def61aa8e"
      unitRef="usd">140916000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="idf3482c029ad48f1ba0760acf7f75b94_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNS0yLTEtMS0w_6fe21b07-2a19-4bcd-8d0d-963e458d81d0"
      unitRef="usd">44391000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i11d91a3b3c3b4d37be0325dff092ab50_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNS00LTEtMS0w_ba6cb347-a6c3-497c-a5f2-0b670811314c"
      unitRef="usd">37279000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="ie7eadc17d2e940879311b35092763743_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNS02LTEtMS0w_f39852dd-5397-4c4b-94fa-ec50161a59db"
      unitRef="usd">0</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i1257813a51f642b3bfaa11ea96a66862_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNS04LTEtMS0w_dcb8751e-a00f-4c8d-9afb-d7d6f409167d"
      unitRef="usd">81670000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i994ba2e6bb42435dbf31691dce2f1ee9_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNy0yLTEtMS0w_02eced53-74a8-40f9-8a5c-58af5ca392e3"
      unitRef="usd">44391000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i8959eb5ac0484ef9b167d9aeb2c07380_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNy00LTEtMS0w_1e440e83-e4e5-4cfd-903e-fcb30c2c8e47"
      unitRef="usd">37279000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i7d4455cdce8c4cd1ab7a2cd18b68ef0e_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNy02LTEtMS0w_650a3fac-d3ef-4378-991d-1254e9330b08"
      unitRef="usd">980140000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="ia43810ecb4814dfdb51727eef760ddcf_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfNy04LTEtMS0w_4fedc502-7a17-4d42-b5b4-3c07b5f457b6"
      unitRef="usd">1061810000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="ifb0ce1c9f3024099b2a35d71885ad4e6_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfOC0yLTEtMS0w_774c0407-d506-476b-9818-7f17428324b2"
      unitRef="usd">0</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="ia4c734f5e49446c1825feabdc91f9c23_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfOC00LTEtMS0w_98170dce-b98c-4ba5-8110-afe4e4e81c3d"
      unitRef="usd">0</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i353bfb4b1d76415787b22c1846da781e_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfOC02LTEtMS0w_0308070f-588b-4134-8eeb-a0fcc43ff280"
      unitRef="usd">192072000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="ic8aee2b0ca644fc7a048baf04d01762f_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfOC04LTEtMS0w_e17f3388-db78-4df6-aa5e-02dea0ca4b26"
      unitRef="usd">192072000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i2e2a720daea4424981a9a3bfc0a9266e_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfMTAtMi0xLTEtMA_70d7ddeb-2125-404f-a738-fa6f57d26bc8"
      unitRef="usd">44391000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="idb4256a033f94d7d9550acd78c5210b1_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfMTAtNC0xLTEtMA_44420da6-c66a-4619-b814-76ef681d6f2b"
      unitRef="usd">37279000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i7f6787149f044de881ddb33f0e9b6af6_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfMTAtNi0xLTEtMA_05f0f67a-8eaf-4172-8684-6836396a2287"
      unitRef="usd">1172212000</us-gaap:ShortTermBorrowings>
    <us-gaap:ShortTermBorrowings
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84Mi9mcmFnOjA3NGM2MmYxMzk2MzRiM2JhYTYzOWQ5NDM2OTk3Nzk3L3RhYmxlOjM4OGI1MTczOTZlNDRhZGI4OTRkYzFmMTZjMWZjM2Q5L3RhYmxlcmFuZ2U6Mzg4YjUxNzM5NmU0NGFkYjg5NGRjMWYxNmMxZmMzZDlfMTAtOC0xLTEtMA_0f686895-4b50-44b9-a95c-1a00816af26c"
      unitRef="usd">1253882000</us-gaap:ShortTermBorrowings>
    <rwt:SecuredBorrowingsDisclosureTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMjMzMg_e1c9d4ce-7609-48a8-9a8d-1c180c06e98e">Asset-Backed Securities Issued&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The carrying values of ABS issued by our consolidated securitization entities at March&#160;31, 2021 and December&#160;31, 2020, along with other selected information, are summarized in the following table.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 14.1 &#x2013; Asset-Backed Securities Issued&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:11pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:25.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.435%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy&lt;br/&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;br/&gt;Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac SLST &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac &lt;br/&gt;K-Series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Certificates with principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;309,916&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,024,081&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,800,808&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;424,393&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,728,355&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,287,553&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest-only certificates&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;819&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,274&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;22,962&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12,326&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;153,420&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;191,801&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Market valuation adjustments &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(38,820)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;27,650&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97,670&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,846&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;81,977&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;192,323&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;ABS Issued, Net &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;271,915&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,054,005&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,921,440&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;460,565&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,963,752&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,671,677&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Range of weighted average interest rates, by series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.32% to 1.47%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.28% to 5.06%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.50% to 4.75%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.41&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.63% to 5.56%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Stated maturities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2024 - 2036&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2047 - 2050&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2028 - 2059&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2025&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2022 - 2052&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Number of series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:11pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:25.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.435%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy&lt;br/&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;br/&gt;Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac SLST &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac K-Series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Certificates with principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;329,039&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,309,957&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,866,145&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;416,339&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,716,425&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,637,905&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest-only certificates&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,092&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,591&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,335&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13,026&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;162,934&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;204,978&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Market valuation adjustments &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(47,805)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32,809&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;104,439&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;34,601&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;133,734&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;257,778&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;ABS Issued, Net &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;282,326&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,347,357&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,993,919&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;463,966&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,013,093&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,100,661&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Range of weighted average interest rates, by series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.35% to 1.55%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.25% to 5.04%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.50% to 4.75%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.39&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.68% to 5.42%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Stated maturities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2024 - 2036&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2047 - 2050&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2028 - 2059&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2025&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2022 - 2052&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Number of series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="padding-left:18pt;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Includes $200 million and $205 million (principal balance) of ABS issued by a re-securitization trust sponsored by Redwood and accounted for at amortized cost at March&#160;31, 2021 and December&#160;31, 2020, respectively.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;During the third quarter of 2020, we transferred all of the subordinate securities we owned from two consolidated re-performing loan securitization VIEs sponsored by Freddie Mac SLST to a re-securitization trust, which we determined was a VIE and for which we determined we are the primary beneficiary. At issuance, we sold $210&#160;million (principal balance) of ABS issued to third parties and retained 100% of the remaining beneficial ownership interest in the trust through ownership of a subordinate security issued by the trust. The ABS was issued at a discount and we have elected to account for the ABS issued at amortized cost. At March&#160;31, 2021, the principal balance of the ABS issued was $200&#160;million, and the debt discount and deferred issuance costs were $4&#160;million, for a carrying value of $196&#160;million. The stated coupon of the ABS issued was 4.75% at issuance and the final stated maturity occurs in July 2059. The ABS issued is subject to optional redemption and interest rate step-ups prior to the stated maturity according to the terms of the respective governing agreements.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The actual maturity of each class of ABS issued is primarily determined by the rate of principal prepayments on the assets of the issuing entity. Each series is also subject to redemption prior to the stated maturity according to the terms of the respective governing documents of each ABS issuing entity. As a result, the actual maturity of ABS issued may occur earlier than its stated maturity. At March&#160;31, 2021, the majority of the ABS issued and outstanding had contractual maturities beyond five years. See &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Note 4&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; for detail on the carrying value components of the collateral for ABS issued and outstanding. The following table summarizes the accrued interest payable on ABS issued at March&#160;31, 2021 and December&#160;31, 2020. Interest due on consolidated ABS issued is payable monthly.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 14.2 &#x2013; Accrued Interest Payable on Asset-Backed Securities Issued&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt;text-align:justify"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:59.400%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.954%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.956%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Legacy Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;128&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;141&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Sequoia Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,658&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,697&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Freddie Mac SLST &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,461&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,656&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Freddie Mac K-Series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,208&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,177&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,256&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,122&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Accrued Interest Payable on ABS Issued&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,711&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,793&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;padding-left:18pt;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Includes accrued interest payable on ABS issued by a re-securitization trust sponsored by Redwood.&lt;/span&gt;&lt;/div&gt;</rwt:SecuredBorrowingsDisclosureTextBlock>
    <rwt:ScheduleOfAssetBackedSecuritiesTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMjMxNA_04347777-b245-42c8-bded-2dc27ea54ef3">The carrying values of ABS issued by our consolidated securitization entities at March&#160;31, 2021 and December&#160;31, 2020, along with other selected information, are summarized in the following table.&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 14.1 &#x2013; Asset-Backed Securities Issued&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:11pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:25.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.435%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy&lt;br/&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;br/&gt;Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac SLST &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac &lt;br/&gt;K-Series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Certificates with principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;309,916&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,024,081&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,800,808&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;424,393&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,728,355&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,287,553&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest-only certificates&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;819&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,274&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;22,962&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12,326&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;153,420&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;191,801&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Market valuation adjustments &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(38,820)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;27,650&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97,670&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,846&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;81,977&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;192,323&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;ABS Issued, Net &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;271,915&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,054,005&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,921,440&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;460,565&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,963,752&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,671,677&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Range of weighted average interest rates, by series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.32% to 1.47%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.28% to 5.06%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.50% to 4.75%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.41&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.63% to 5.56%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Stated maturities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2024 - 2036&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2047 - 2050&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2028 - 2059&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2025&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2022 - 2052&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Number of series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:11pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:25.566%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.435%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy&lt;br/&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Sequoia&lt;br/&gt;Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac SLST &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Freddie Mac K-Series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Certificates with principal balance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;329,039&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,309,957&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,866,145&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;416,339&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,716,425&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,637,905&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest-only certificates&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,092&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,591&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,335&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13,026&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;162,934&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;204,978&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Market valuation adjustments &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(47,805)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32,809&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;104,439&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;34,601&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;133,734&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;257,778&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;ABS Issued, Net &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;282,326&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,347,357&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,993,919&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;463,966&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,013,093&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,100,661&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Range of weighted average interest rates, by series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.35% to 1.55%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.25% to 5.04%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.50% to 4.75%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.39&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.68% to 5.42%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Stated maturities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2024 - 2036&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2047 - 2050&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2028 - 2059&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2025&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2022 - 2052&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Number of series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="padding-left:18pt;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Includes $200 million and $205 million (principal balance) of ABS issued by a re-securitization trust sponsored by Redwood and accounted for at amortized cost at March&#160;31, 2021 and December&#160;31, 2020, respectively.&lt;/span&gt;&lt;/div&gt;</rwt:ScheduleOfAssetBackedSecuritiesTableTextBlock>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i343f7d58b5ad4b2b808242ccfd164ba0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMi0yLTEtMS0w_e5a816fc-8720-4dbf-82cf-5ecb72dc0a84"
      unitRef="usd">309916000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i8e55d2d99438429784b19040fac15722_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMi00LTEtMS0w_978e9d60-d2cc-4371-ad47-016779879158"
      unitRef="usd">1024081000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i7bbdc1122ecc42e998cd7aade3b78f6f_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMi02LTEtMS0w_e3d4fa1b-1493-4afc-ba38-f23be94a9fb5"
      unitRef="usd">1800808000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="ic3375d4d9fc24faca889b9e97fc56f03_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMi04LTEtMS0w_0001b4a9-4911-4fda-9da9-640275c32b88"
      unitRef="usd">424393000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i3e7649e538bc4534899ef0a37e93c0f8_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMi0xMC0xLTEtMA_0bea3f91-8dc4-490d-864c-6dbccd139f27"
      unitRef="usd">2728355000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i4fcaa88a628c47e18af9a8f1ebb9c9df_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMi0xMi0xLTEtMA_c6c71643-5321-45f3-91f9-ab131c044cc9"
      unitRef="usd">6287553000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="ia298df1f5eb24d01bf5d5179d1c6dd21_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMy0yLTEtMS0w_8d4e9fce-c27b-4ab0-9876-9162e658a0e5"
      unitRef="usd">819000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="ib3e2eebe59844154897ccb2c89f1e870_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMy00LTEtMS0w_78bc850d-aa80-4eb3-b849-7a19c926992c"
      unitRef="usd">2274000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i89e6e980d2974dd1ad63615c8a771717_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMy02LTEtMS0w_afd733fc-978f-4b62-89f1-0fd49fe18b1e"
      unitRef="usd">22962000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="id5698b005441481cbe37aabd9e5912c0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMy04LTEtMS0w_0dc1324a-02a2-4821-ac00-7391f7b9926b"
      unitRef="usd">12326000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i08bc1212f5ae4bda903bdc00c893a8ca_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMy0xMC0xLTEtMA_45109308-5438-4742-b0e0-0821dc62a318"
      unitRef="usd">153420000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i91262a862d254b669648b46a27fa93db_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMy0xMi0xLTEtMA_2e74bb9e-34bd-4887-9d70-a4300e98e088"
      unitRef="usd">191801000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:LongTermDebt
      contextRef="i99b079e5df474ed3aefd33e66b8a832b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNC0yLTEtMS0w_0593de96-e8e4-4b52-b7b1-08227250ec58"
      unitRef="usd">-38820000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="i8f7582982db3482e90cf5a6ad7ca2ef0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNC00LTEtMS0w_e18f51d3-a665-4d79-b6fa-e1fe6db2fa28"
      unitRef="usd">27650000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="i6353a41b3d3b44248cf21bee3727ea0c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNC02LTEtMS0w_190971d5-ed82-4e7e-9842-923df4bb7dd9"
      unitRef="usd">97670000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="idd05697cfc8840feb106dff69f7b39a9_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNC04LTEtMS0w_ef7a817d-8413-4e97-8f6f-9e4c8d3de181"
      unitRef="usd">23846000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="i178b674a7b0f4010ac2626e0724699c1_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNC0xMC0xLTEtMA_4db8938a-0cdb-406c-8591-29e595c9264b"
      unitRef="usd">81977000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="i336310d3ba2b456798e14b004488144e_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNC0xMi0xLTEtMA_36e9f199-8829-48cb-bdbb-7938984f9c0b"
      unitRef="usd">192323000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="idac42044d3f5460db22f7f324f6f4afa_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNy0yLTEtMS0w_14694dda-f880-4150-929d-6086dfc31eed"
      unitRef="usd">271915000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="i83765ccfaa63470e9adfa1a1a4c41653_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNy00LTEtMS0w_a33ea1fe-0267-4a53-9ef4-23673ed3e2f5"
      unitRef="usd">1054005000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="i9fa4365cd6124c6d80e4967c00c52a68_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNy02LTEtMS0w_b32ffacf-bdb4-4318-9053-2f53ffbc098e"
      unitRef="usd">1921440000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="ib9e18e15791a4d9d858da79f678e2f2a_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNy04LTEtMS0w_7a5c5965-99df-4c99-9ace-b41e64d3a3ed"
      unitRef="usd">460565000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="i0a8dd1ec8b984c028b224dbf313ed9c4_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNy0xMC0xLTEtMA_2d5c18c6-d9a3-47fb-929b-ddd6c3313956"
      unitRef="usd">2963752000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="i86c7bc80ef72497ca7684259fbce39c4_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfNy0xMi0xLTEtMA_fc045fc4-f71b-40ed-a457-25a38ec40cdb"
      unitRef="usd">6671677000</us-gaap:LongTermDebt>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="i2f31bd7aea764b4cba2224ca112d8331_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC0yLTEtMS0wL3RleHRyZWdpb246N2M5Y2U3MTllZTEyNDVhY2I5YmU2ZjVkNDYyZGU5OWRfNA_250bde0e-cc9d-44dd-8bf1-e618442874e0"
      unitRef="number">0.0032</us-gaap:DebtWeightedAverageInterestRate>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="i1eabde6187c74d47b32bbd3c81250e87_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC0yLTEtMS0wL3RleHRyZWdpb246N2M5Y2U3MTllZTEyNDVhY2I5YmU2ZjVkNDYyZGU5OWRfMTA_20b1ff37-3350-44c9-a107-f6c8c6422051"
      unitRef="number">0.0147</us-gaap:DebtWeightedAverageInterestRate>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="i823e856234444a5c885541af33fe4b2d_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC00LTEtMS0wL3RleHRyZWdpb246ZTZjN2ZlYTQzODRlNDNmYzkyN2I3ZGFjMmM2NDFiMjVfNA_cd28b7e4-90f3-4ae1-9534-817a6b159d8e"
      unitRef="number">0.0228</us-gaap:DebtWeightedAverageInterestRate>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="icb58741c85c141dc8d087a5608d6d259_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC00LTEtMS0wL3RleHRyZWdpb246ZTZjN2ZlYTQzODRlNDNmYzkyN2I3ZGFjMmM2NDFiMjVfMTA_80a21d18-894a-4b28-beef-8ebd4b41aa0f"
      unitRef="number">0.0506</us-gaap:DebtWeightedAverageInterestRate>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="i1fc447ccda8f420e8cd1aa92bf843148_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC02LTEtMS0wL3RleHRyZWdpb246MjViNDViM2RlZjE0NDA0NzlhZWJmZTc4MWZlYmUzNjlfNA_bd878532-ea9d-4e9f-add5-fd15b8925e62"
      unitRef="number">0.0350</us-gaap:DebtWeightedAverageInterestRate>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="i1fb5343d10bb45889e495d259b434e7f_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC02LTEtMS0wL3RleHRyZWdpb246MjViNDViM2RlZjE0NDA0NzlhZWJmZTc4MWZlYmUzNjlfMTA_54864c51-570e-4dc2-8f22-35e7cc7d12d3"
      unitRef="number">0.0475</us-gaap:DebtWeightedAverageInterestRate>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="ib9e18e15791a4d9d858da79f678e2f2a_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC04LTEtMS0w_68e0ef5d-4af9-426f-b320-810db18922da"
      unitRef="number">0.0341</us-gaap:DebtWeightedAverageInterestRate>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="i00297fd961184b23863a50459da1915d_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC0xMC0xLTEtMC90ZXh0cmVnaW9uOmViNjQ1MGEzMzg3MjQxOGU5MDFhYjJmNDU0YjgxM2JmXzQ_d7b279d6-e062-454a-8d1e-6c69cb0e7e17"
      unitRef="number">0.0263</us-gaap:DebtWeightedAverageInterestRate>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="i20b3881c544a4b5495d935cc0284ff29_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfOC0xMC0xLTEtMC90ZXh0cmVnaW9uOmViNjQ1MGEzMzg3MjQxOGU5MDFhYjJmNDU0YjgxM2JmXzEw_6fa7b904-0267-4fe4-8b00-6bafd26d023c"
      unitRef="number">0.0556</us-gaap:DebtWeightedAverageInterestRate>
    <rwt:NumberOfSeries
      contextRef="idac42044d3f5460db22f7f324f6f4afa_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMTAtMi0xLTEtMA_006e1295-cf4c-43ec-b54d-fefe1119580e"
      unitRef="series">20</rwt:NumberOfSeries>
    <rwt:NumberOfSeries
      contextRef="i83765ccfaa63470e9adfa1a1a4c41653_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMTAtNC0xLTEtMA_f2965c0e-a50c-4f70-9c4a-a166c2f6338c"
      unitRef="series">10</rwt:NumberOfSeries>
    <rwt:NumberOfSeries
      contextRef="i9fa4365cd6124c6d80e4967c00c52a68_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMTAtNi0xLTEtMA_93d97765-92eb-452b-a4fe-3359cf4b850f"
      unitRef="series">3</rwt:NumberOfSeries>
    <rwt:NumberOfSeries
      contextRef="ib9e18e15791a4d9d858da79f678e2f2a_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMTAtOC0xLTEtMA_cd6326ec-2e29-4732-b357-dc08079227b5"
      unitRef="series">1</rwt:NumberOfSeries>
    <rwt:NumberOfSeries
      contextRef="i0a8dd1ec8b984c028b224dbf313ed9c4_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjBiODY3Njk4ZDI1YzQ5MjJiNWYzOTkwOGNhNDQyYTc0L3RhYmxlcmFuZ2U6MGI4Njc2OThkMjVjNDkyMmI1ZjM5OTA4Y2E0NDJhNzRfMTAtMTAtMS0xLTA_e8af2262-00ed-4ec4-aaf6-9ec08b8dc763"
      unitRef="series">14</rwt:NumberOfSeries>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="id246c539784f415889de07660977d2d4_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMi0yLTEtMS0w_c1ff7456-a576-4b9c-a068-015fc7c1fa66"
      unitRef="usd">329039000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="iefb27b006e0a4b33a70fc3300f76c3e0_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMi00LTEtMS0w_48314b04-4b86-4d86-91fa-1296bfb14242"
      unitRef="usd">1309957000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="idaab7b2c733f454dbf69c335057583aa_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMi02LTEtMS0w_d12d3e48-53c1-449b-b7dc-b57512d2b160"
      unitRef="usd">1866145000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i47b6d063124b43b2ac3bad735d912a1e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMi04LTEtMS0w_9155388e-6911-435d-9c23-896da8fd4df1"
      unitRef="usd">416339000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i1867dd1e8485469587114fca342813fa_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMi0xMC0xLTEtMA_42c7d7ca-4756-4078-9878-80985b23678e"
      unitRef="usd">2716425000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="ice403268c64643f182aae32f1fcff74f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMi0xMi0xLTEtMA_4b1aee94-cec1-4765-be5d-d0a49ef93474"
      unitRef="usd">6637905000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i83c9b87fe71d4fa5aacd0fff1ca680b1_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMy0yLTEtMS0w_99aa2157-acb8-49a0-9d94-81153d1d037b"
      unitRef="usd">1092000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i368283ff740c44bca02b0f259c775246_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMy00LTEtMS0w_ea64c57a-fd00-465f-9247-2f42a57929c3"
      unitRef="usd">4591000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i7a7eafddff4841f9b3de75b4e858a429_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMy02LTEtMS0w_ed0a7243-96fc-45d2-8017-61c1fed099bd"
      unitRef="usd">23335000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="ibafd858111a7432ab78fcf2283c769a3_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMy04LTEtMS0w_f793f3e3-1d32-4ab6-94e7-350fcd3627a2"
      unitRef="usd">13026000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i257cad66e02d46c8840e2598bf5ec9a4_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMy0xMC0xLTEtMA_0c4004f2-2255-4067-84d0-217cf53d6572"
      unitRef="usd">162934000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="ia05d2f41facc43a9bc880a8b2313ea2d_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMy0xMi0xLTEtMA_c77c5bf6-4354-4630-8e97-5ce2266f8a6c"
      unitRef="usd">204978000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:LongTermDebt
      contextRef="i8a678b51dcc349a9b535003a9b71e953_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNC0yLTEtMS0w_8b0af4a7-64ad-4821-a6e9-ce3821946086"
      unitRef="usd">-47805000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="ia3cad48bf0be4fc89061caa95415c317_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNC00LTEtMS0w_03cf1e26-33c7-4e21-98a8-cd8848af962f"
      unitRef="usd">32809000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="i434f6d5db10e4280bd39413ea56586ca_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNC02LTEtMS0w_76430c8f-ff93-451f-afd7-8990a96d0110"
      unitRef="usd">104439000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="i36ba6ec2e97b455a81ecc817a0203c2c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNC04LTEtMS0w_e987918c-aaa2-45fe-bfe6-72f5a656ab4a"
      unitRef="usd">34601000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="ib0d78f56f22047c7af0316db8f2e9bd3_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNC0xMC0xLTEtMA_3083921b-b5da-45f5-8eb8-42872a5653cf"
      unitRef="usd">133734000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="i146bfa3473ed4df7b6067d1531a56123_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNC0xMi0xLTEtMA_04b4b588-2ccc-4622-93ba-fbfaadb6ba56"
      unitRef="usd">257778000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="ie371ebaaef364381bf1d281485d6793a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNy0yLTEtMS0w_53227997-f6bc-4a3d-8dd6-d28de67f27f7"
      unitRef="usd">282326000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="i829b960661dd4c4a81d693a25e797e45_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNy00LTEtMS0w_06414444-1600-444d-8da8-f3ecc0611227"
      unitRef="usd">1347357000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="i9f0f684eae964615956941af98e6609e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNy02LTEtMS0w_4e6f518c-8892-40b0-a8da-7fbaa6e0821e"
      unitRef="usd">1993919000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="i8cf07be64156434bbfacc202a44a4670_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNy04LTEtMS0w_efc18c90-64b7-40e5-9e74-b81a804b6e9f"
      unitRef="usd">463966000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="ida9eb2a35efc47b0a763606c59aacf5a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNy0xMC0xLTEtMA_b3707f29-1401-4942-bb38-b15f664e4fe6"
      unitRef="usd">3013093000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt
      contextRef="i9b1481a9712f45f2801d9389bf725476_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfNy0xMi0xLTEtMA_4beb8854-075e-4ab2-89f5-b5f308fe5d25"
      unitRef="usd">7100661000</us-gaap:LongTermDebt>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="i918d417a8dc64a7c9e8e03526119bd17_I20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC0yLTEtMS0wL3RleHRyZWdpb246N2FhNGE0N2UyMzAwNDFjMTlkMzc2NzAwY2Q2YzI0NWRfNA_9db09e37-078f-4b89-af8f-2e18c4f8cd3c"
      unitRef="number">0.0035</us-gaap:DebtWeightedAverageInterestRate>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="i5bc5270698674b98a813d38246cbae2a_I20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC0yLTEtMS0wL3RleHRyZWdpb246N2FhNGE0N2UyMzAwNDFjMTlkMzc2NzAwY2Q2YzI0NWRfMTA_5bdca34e-c512-4ad8-882a-0f38afc9c5d1"
      unitRef="number">0.0155</us-gaap:DebtWeightedAverageInterestRate>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="i45e6fed0bb424620acc983323f75e44d_I20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC00LTEtMS0wL3RleHRyZWdpb246YWM5N2MwNDU0YjZlNDYyZWIyODFhNzJiYTc1MTJmMjdfNA_eab74a43-790a-48d5-a69f-94e0a9b491a6"
      unitRef="number">0.0225</us-gaap:DebtWeightedAverageInterestRate>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="i07ec906036694c21aabebef9b9208dec_I20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC00LTEtMS0wL3RleHRyZWdpb246YWM5N2MwNDU0YjZlNDYyZWIyODFhNzJiYTc1MTJmMjdfMTA_6229d36c-10cc-43ca-ac95-7ea8a9ef20de"
      unitRef="number">0.0504</us-gaap:DebtWeightedAverageInterestRate>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="i805f69bd34894fe69005c8c7636af018_I20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC02LTEtMS0wL3RleHRyZWdpb246YWIxMTg3MWE4NmRlNDg2ODlkYjYxMDRlYzI4ZmJjODdfMjE5OTAyMzI1NTU3NQ_1a1d4b19-8460-4a9a-b8e2-22f7ac22a40b"
      unitRef="number">0.0350</us-gaap:DebtWeightedAverageInterestRate>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="i32fa85ced173410fbb89bbc9ef892b58_I20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC02LTEtMS0wL3RleHRyZWdpb246YWIxMTg3MWE4NmRlNDg2ODlkYjYxMDRlYzI4ZmJjODdfMjE5OTAyMzI1NTU4Mw_f67b4a8b-671c-4302-928b-e2b57dca6788"
      unitRef="number">0.0475</us-gaap:DebtWeightedAverageInterestRate>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="i8cf07be64156434bbfacc202a44a4670_I20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC04LTEtMS0w_6593993f-1078-4ea9-85c6-79441c212011"
      unitRef="number">0.0339</us-gaap:DebtWeightedAverageInterestRate>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="i2496c7c0d3654d428267cb5bdb50404d_I20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC0xMC0xLTEtMC90ZXh0cmVnaW9uOjM2ODJjY2ZiNzQ5ZjQ2ZThhOTA0MjBmZTJiZTA0NzhlXzQ_f0607331-1dc9-4782-a680-04af626b87c3"
      unitRef="number">0.0268</us-gaap:DebtWeightedAverageInterestRate>
    <us-gaap:DebtWeightedAverageInterestRate
      contextRef="iaaf0db89eebe4033b74a67b3efbc85ed_I20201231"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfOC0xMC0xLTEtMC90ZXh0cmVnaW9uOjM2ODJjY2ZiNzQ5ZjQ2ZThhOTA0MjBmZTJiZTA0NzhlXzEw_488d603a-536e-4b74-97d2-385397f8492d"
      unitRef="number">0.0542</us-gaap:DebtWeightedAverageInterestRate>
    <rwt:NumberOfSeries
      contextRef="ie371ebaaef364381bf1d281485d6793a_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMTAtMi0xLTEtMA_f76f8f41-4c46-42fd-bf3e-bb679107572c"
      unitRef="series">20</rwt:NumberOfSeries>
    <rwt:NumberOfSeries
      contextRef="i829b960661dd4c4a81d693a25e797e45_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMTAtNC0xLTEtMA_b770917c-8220-4fc8-9e7d-4037eee230ce"
      unitRef="series">10</rwt:NumberOfSeries>
    <rwt:NumberOfSeries
      contextRef="i9f0f684eae964615956941af98e6609e_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMTAtNi0xLTEtMA_2902a934-93ec-4996-b8fb-bec1e4ba841d"
      unitRef="series">3</rwt:NumberOfSeries>
    <rwt:NumberOfSeries
      contextRef="i8cf07be64156434bbfacc202a44a4670_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMTAtOC0xLTEtMA_66f18317-f6d8-4aed-9424-8dfe67fee6e8"
      unitRef="series">1</rwt:NumberOfSeries>
    <rwt:NumberOfSeries
      contextRef="ida9eb2a35efc47b0a763606c59aacf5a_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjdjOTZlMTBkMDc3YzRkNTg5YzFhMDhiNDJiNjdkZDNlL3RhYmxlcmFuZ2U6N2M5NmUxMGQwNzdjNGQ1ODljMWEwOGI0MmI2N2RkM2VfMTAtMTAtMS0xLTA_eba7bbc2-4013-438d-a6b1-c6eb8c7785d4"
      unitRef="series">14</rwt:NumberOfSeries>
    <us-gaap:DebtInstrumentFaceAmount
      contextRef="i9fa4365cd6124c6d80e4967c00c52a68_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMTA5OTUxMTYzMDExNQ_62a9bc97-dc35-4498-9559-241aecc038d6"
      unitRef="usd">200000000</us-gaap:DebtInstrumentFaceAmount>
    <us-gaap:DebtInstrumentFaceAmount
      contextRef="i9f0f684eae964615956941af98e6609e_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMTA5OTUxMTYzMDEzMA_9885ca03-cf93-41c1-aead-17948f610221"
      unitRef="usd">205000000</us-gaap:DebtInstrumentFaceAmount>
    <rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost
      contextRef="i99a3de7c850f43348d1db9912c6cdeaf_I20200930"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfNzI1_12325675-88a9-4838-9557-2ac693ba0a8d"
      unitRef="usd">210000000</rwt:DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost>
    <us-gaap:VariableInterestEntityOwnershipPercentage
      contextRef="i03712078428c475f8fc0110505c7a4f2_D20200701-20200930"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfNzky_205e77f0-e28b-4b5b-92df-e100e336455e"
      unitRef="number">1</us-gaap:VariableInterestEntityOwnershipPercentage>
    <us-gaap:DebtInstrumentFaceAmount
      contextRef="i9fa4365cd6124c6d80e4967c00c52a68_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMTA5OTUxMTYzMDMwMw_62a9bc97-dc35-4498-9559-241aecc038d6"
      unitRef="usd">200000000</us-gaap:DebtInstrumentFaceAmount>
    <us-gaap:DebtInstrumentUnamortizedDiscount
      contextRef="id31650bd3b1840e689e3349256df2f82_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMTA5OTUxMTYzMDIxNQ_76500ca7-7b23-4898-b10a-d6974599c568"
      unitRef="usd">4000000</us-gaap:DebtInstrumentUnamortizedDiscount>
    <us-gaap:DebtInstrumentFaceAmount
      contextRef="id31650bd3b1840e689e3349256df2f82_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMTA5OTUxMTYzMDQwMg_47e309f9-b25a-4e42-82ee-801fbfdf01e6"
      unitRef="usd">196000000</us-gaap:DebtInstrumentFaceAmount>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage
      contextRef="id31650bd3b1840e689e3349256df2f82_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMTA5OTUxMTYzMDIxOQ_f5373ee3-374a-4d5f-a9e2-519ad046b172"
      unitRef="number">0.0475</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <rwt:LongTermMarketableSecuritiesMaturitiesTerm
      contextRef="i3f01ca858c3a4b68a2c19db79a23bdb8_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMTg3OA_67778196-7b9d-454a-9d2d-1a742df3ecbf">P5Y</rwt:LongTermMarketableSecuritiesMaturitiesTerm>
    <rwt:ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RleHRyZWdpb246MjExNTM2YjZkYTE1NDhkNGJiNGNlMDZlZjU3MzA0NTRfMjMxMA_6635acb1-7e8e-4042-90b0-3efba5f07e72">The following table summarizes the accrued interest payable on ABS issued at March&#160;31, 2021 and December&#160;31, 2020. Interest due on consolidated ABS issued is payable monthly.&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 14.2 &#x2013; Accrued Interest Payable on Asset-Backed Securities Issued&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt;text-align:justify"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:59.400%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.954%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.956%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Legacy Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;128&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;141&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Sequoia Choice&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,658&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,697&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Freddie Mac SLST &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,461&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,656&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Freddie Mac K-Series&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,208&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,177&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,256&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,122&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Accrued Interest Payable on ABS Issued&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,711&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,793&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;padding-left:18pt;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Includes accrued interest payable on ABS issued by a re-securitization trust sponsored by Redwood.&lt;/span&gt;&lt;/div&gt;</rwt:ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock>
    <us-gaap:AmortizationOfFinancingCosts
      contextRef="i319d3de6ae3340a8be17142dc237d09c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfMS0yLTEtMS0w_2a5d90a2-9135-4add-9454-35d9a38d6921"
      unitRef="usd">128000</us-gaap:AmortizationOfFinancingCosts>
    <us-gaap:AmortizationOfFinancingCosts
      contextRef="if6301c69034e40ca8f4cecff839005d5_D20200101-20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfMS00LTEtMS0w_d3ba359c-4e3f-48cb-8e67-12846a2b8f19"
      unitRef="usd">141000</us-gaap:AmortizationOfFinancingCosts>
    <us-gaap:AmortizationOfFinancingCosts
      contextRef="if6ec67aedd064533987f11058127e7e7_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfMi0yLTEtMS0w_ab2730b8-874e-4939-a13f-b6d6b4174732"
      unitRef="usd">3658000</us-gaap:AmortizationOfFinancingCosts>
    <us-gaap:AmortizationOfFinancingCosts
      contextRef="i9a9df435e673431abb8475f1918f7f2f_D20200101-20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfMi00LTEtMS0w_de58a208-6c9b-4a51-8419-c3ddb8f1a9f9"
      unitRef="usd">4697000</us-gaap:AmortizationOfFinancingCosts>
    <us-gaap:AmortizationOfFinancingCosts
      contextRef="i7fbf26df421c43b391233b7d2e20bd98_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfMy0yLTEtMS0w_85225986-5f6f-40d7-8b56-015e13035766"
      unitRef="usd">5461000</us-gaap:AmortizationOfFinancingCosts>
    <us-gaap:AmortizationOfFinancingCosts
      contextRef="i157c65db71bc4c1183cc11b32971fb38_D20200101-20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfMy00LTEtMS0w_312465cf-c839-4423-8cbc-471be309fc82"
      unitRef="usd">5656000</us-gaap:AmortizationOfFinancingCosts>
    <us-gaap:AmortizationOfFinancingCosts
      contextRef="i6173f2afb44a43e8bf7bd2470c738b6d_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfNC0yLTEtMS0w_667edf62-689b-4542-adac-de3e6de44d53"
      unitRef="usd">1208000</us-gaap:AmortizationOfFinancingCosts>
    <us-gaap:AmortizationOfFinancingCosts
      contextRef="i83b33336edeb4a40a719d5f77f86a089_D20200101-20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfNC00LTEtMS0w_f673ae93-9b92-4296-8e6c-90882c344961"
      unitRef="usd">1177000</us-gaap:AmortizationOfFinancingCosts>
    <us-gaap:AmortizationOfFinancingCosts
      contextRef="iecb9e4bb611941cea89bf4299a4726a3_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfNS0yLTEtMS0w_dc0f828a-62a5-4325-bd7f-cac0496b4020"
      unitRef="usd">10256000</us-gaap:AmortizationOfFinancingCosts>
    <us-gaap:AmortizationOfFinancingCosts
      contextRef="id179c307c0724c3286c6bc08afb5abac_D20200101-20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfNS00LTEtMS0w_4f0777cc-5ff7-4f31-9423-cee9909fe1b1"
      unitRef="usd">10122000</us-gaap:AmortizationOfFinancingCosts>
    <us-gaap:AmortizationOfFinancingCosts
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfNi0yLTEtMS0w_9cbc63b5-de0a-416c-9a5f-9f3e23c89526"
      unitRef="usd">20711000</us-gaap:AmortizationOfFinancingCosts>
    <us-gaap:AmortizationOfFinancingCosts
      contextRef="ia7b73769c0b148a7ba444b2b57d4375d_D20200101-20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84NS9mcmFnOjIxMTUzNmI2ZGExNTQ4ZDRiYjRjZTA2ZWY1NzMwNDU0L3RhYmxlOjk0ZTcyOWU4MjI1YjQ2ZjM5ZmRjZDZmMWUzOGVhNmVkL3RhYmxlcmFuZ2U6OTRlNzI5ZTgyMjViNDZmMzlmZGNkNmYxZTM4ZWE2ZWRfNi00LTEtMS0w_d2c6148e-16bd-4aaf-93c3-b57135fd5dbd"
      unitRef="usd">21793000</us-gaap:AmortizationOfFinancingCosts>
    <us-gaap:LongTermDebtTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RleHRyZWdpb246Mjk4YTQ4N2VlZWNjNDc2N2JjZDI4MTU5YjNkMDA2ZDBfODEzMQ_aa51c7a6-577a-4443-8fe5-a1882f38f1d3">Long-Term Debt&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The table below summarizes our long-term debt, including the facilities that are available to us, the outstanding balances, the weighted average interest rate, and the maturity information at March&#160;31, 2021.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 15.1 &#x2013; Long-Term Debt &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:17pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:28.622%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.761%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.650%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.626%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Borrowings&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Unamortized Deferred Issuance Costs / Discount&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Net Carrying Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Limit &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Weighted Average Interest Rate &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Final Maturity&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Recourse Subordinate Securities Financing&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;172,805&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(624)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;172,181&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4.21&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;9/2024&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;102,426&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(581)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;101,845&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4.21&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2/2025&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Non-Recourse BPL Financing&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Facility A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;241,549&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(1,119)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;240,430&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;316,543&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;L + 7.50%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;6/2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Facility B&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;84,017&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(555)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;83,462&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;84,017&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;L + 3.85%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;7/2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Recourse BPL Financing&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Facility C &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;75,109&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(368)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;74,741&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;250,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;L + 3.00%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3/2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Facility D&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;114,386&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(176)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;114,210&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;250,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;L + 3.00%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;9/2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total Long-Term Debt Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;790,292&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(3,423)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;786,869&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;FHLBC borrowings&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;0.33&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1/2026&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Convertible notes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4.75% convertible senior notes&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;198,629&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(2,610)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;196,019&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4.75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;8/2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5.625% convertible senior notes&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;150,200&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(2,634)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;147,566&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5.625&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;7/2024&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5.75% exchangeable senior notes&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;172,092&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(3,970)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;168,122&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5.75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;10/2025&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Trust preferred securities and subordinated notes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;139,500&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(814)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;138,686&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;L + 2.25%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;7/2037&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total Long-Term Debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,451,713&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(13,451)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,438,262&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;padding-left:18pt;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Variable rate borrowings are based on 1- or 3-month LIBOR ("L" in the table above) plus an applicable spread.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table below presents the value of loans, securities, and other assets pledged as collateral under our long-term debt at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 15.2 &#x2013; Collateral for Long-Term Debt&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:12pt;margin-top:13pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:61.122%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.096%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Collateral Type&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Bridge loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;522,050&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;544,151&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Single-family rental loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;228,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;154,774&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real estate securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Sequoia Choice securitizations &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;256,554&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;249,446&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;CAFL securitizations &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;112,451&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;114,044&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total real estate securities owned&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; &lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;369,005&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;363,490&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other BPL investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19,358&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,414&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Restricted cash&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,100&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,100&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Collateral for Long-Term Debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,139,638&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,084,929&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Represents securities we have retained from consolidated securitization entities. For GAAP purposes, we consolidate the loans and non-recourse ABS debt issued from these securitizations. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table summarizes the accrued interest payable on long-term debt at March&#160;31, 2021 and December&#160;31, 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 15.3 &#x2013; Accrued Interest Payable on Long-Term Debt&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt;text-align:justify"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:59.400%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.954%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.956%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Long-term debt facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,642&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,799&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Convertible notes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4.75% convertible senior notes&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,206&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,564&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5.625% convertible senior notes&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,784&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,896&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5.75% exchangeable senior notes&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,948&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,474&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trust preferred securities and subordinated notes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;580&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;669&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Accrued Interest Payable on Long-Term Debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,160&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12,402&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;Refer to our Annual Report on Form 10-K for the year ended December&#160;31, 2020 for a full description of our long-term debt</us-gaap:LongTermDebtTextBlock>
    <us-gaap:ScheduleOfDebtInstrumentsTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RleHRyZWdpb246Mjk4YTQ4N2VlZWNjNDc2N2JjZDI4MTU5YjNkMDA2ZDBfMjE5OTAyMzI3MzczMQ_7fbe260e-bdd3-42f0-b34a-cc17f46bdf7c">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The table below summarizes our long-term debt, including the facilities that are available to us, the outstanding balances, the weighted average interest rate, and the maturity information at March&#160;31, 2021.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 15.1 &#x2013; Long-Term Debt &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:17pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:28.622%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.761%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.355%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.650%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:8.626%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;(Dollars in Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Borrowings&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Unamortized Deferred Issuance Costs / Discount&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Net Carrying Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Limit &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Weighted Average Interest Rate &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Final Maturity&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Recourse Subordinate Securities Financing&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Sequoia&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;172,805&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(624)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;172,181&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4.21&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;9/2024&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;CAFL&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;102,426&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(581)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;101,845&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4.21&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;2/2025&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Non-Recourse BPL Financing&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Facility A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;241,549&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(1,119)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;240,430&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;316,543&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;L + 7.50%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;6/2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Facility B&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;84,017&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(555)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;83,462&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;84,017&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;L + 3.85%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;7/2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Recourse BPL Financing&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Facility C &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;75,109&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(368)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;74,741&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;250,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;L + 3.00%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;3/2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Facility D&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;114,386&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(176)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;114,210&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;250,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;L + 3.00%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;9/2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total Long-Term Debt Facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;790,292&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(3,423)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;786,869&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;FHLBC borrowings&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;0.33&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1/2026&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Convertible notes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4.75% convertible senior notes&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;198,629&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(2,610)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;196,019&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;4.75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;8/2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5.625% convertible senior notes&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;150,200&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(2,634)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;147,566&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5.625&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;7/2024&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5.75% exchangeable senior notes&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;172,092&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(3,970)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;168,122&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;5.75&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;10/2025&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Trust preferred securities and subordinated notes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;139,500&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(814)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;138,686&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;N/A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:right"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;L + 2.25%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;7/2037&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total Long-Term Debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,451,713&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;(13,451)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;1,438,262&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;padding-left:18pt;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Variable rate borrowings are based on 1- or 3-month LIBOR ("L" in the table above) plus an applicable spread.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table summarizes the accrued interest payable on long-term debt at March&#160;31, 2021 and December&#160;31, 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 15.3 &#x2013; Accrued Interest Payable on Long-Term Debt&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt;text-align:justify"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:59.400%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.954%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.956%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Long-term debt facilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,642&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,799&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Convertible notes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4.75% convertible senior notes&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,206&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,564&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5.625% convertible senior notes&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,784&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,896&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5.75% exchangeable senior notes&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,948&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,474&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trust preferred securities and subordinated notes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;580&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;669&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Accrued Interest Payable on Long-Term Debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,160&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12,402&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfDebtInstrumentsTextBlock>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="ifdc87faa43a94909847b331ec2e83b4c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMy0yLTEtMS0zMTQ3_d2a67b8b-852f-4a14-84f6-6b7bb4f26515"
      unitRef="usd">172805000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
      contextRef="ifdc87faa43a94909847b331ec2e83b4c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNC00LTEtMS00MjAw_05b709d4-a3b1-4dbd-99d2-728e8ea622de"
      unitRef="usd">624000</us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet>
    <us-gaap:LongTermDebt
      contextRef="ifdc87faa43a94909847b331ec2e83b4c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMy00LTEtMS0zMTQ3_e992e3d0-e269-4811-8e72-f31cecbca19d"
      unitRef="usd">172181000</us-gaap:LongTermDebt>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage
      contextRef="ifdc87faa43a94909847b331ec2e83b4c_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMy04LTEtMS0zMTQ3_efe9eba4-faa5-4304-9fc4-8ef0336d3637"
      unitRef="number">0.0421</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i9d40f030492743e688ad2f9a9807a262_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNC0yLTEtMS0zMTQ3_f05fcedd-09d0-4777-a6cd-04f54ea30758"
      unitRef="usd">102426000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
      contextRef="i9d40f030492743e688ad2f9a9807a262_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNS00LTEtMS00MjAw_45d3eccf-b99e-46de-8e04-29329755157d"
      unitRef="usd">581000</us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet>
    <us-gaap:LongTermDebt
      contextRef="i9d40f030492743e688ad2f9a9807a262_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNC00LTEtMS0zMTQ3_da3b4701-748d-41bd-a0eb-273d7f46ab20"
      unitRef="usd">101845000</us-gaap:LongTermDebt>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage
      contextRef="i9d40f030492743e688ad2f9a9807a262_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNC04LTEtMS0zMTQ3_34d2d3a9-4480-483e-a98e-80c41733c56d"
      unitRef="number">0.0421</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i8b112afb281f4cf48c7830b8e8646cc9_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNy0yLTEtMS00NjEw_818bf485-c190-4e14-b1ca-b8ab695bcb30"
      unitRef="usd">241549000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
      contextRef="i8b112afb281f4cf48c7830b8e8646cc9_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNy00LTEtMS00NjEw_54adc6d1-fa98-4f95-a16a-06a139794bf2"
      unitRef="usd">1119000</us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet>
    <us-gaap:LongTermDebt
      contextRef="i8b112afb281f4cf48c7830b8e8646cc9_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNy02LTEtMS00NjEw_3062c063-f529-49cd-b266-9f345e13f3d3"
      unitRef="usd">240430000</us-gaap:LongTermDebt>
    <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
      contextRef="i8b112afb281f4cf48c7830b8e8646cc9_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNy04LTEtMS00NjEw_6c152c0c-b49f-4057-b5f4-a2db85a71da8"
      unitRef="usd">316543000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
    <us-gaap:DebtInstrumentBasisSpreadOnVariableRate1
      contextRef="ia217e2c3fa5045dab4f2dabbaa03784e_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNy0xMC0xLTEtNDY1OC90ZXh0cmVnaW9uOjA1ODZiZjA0MjRjNDRmYTBhZTdjYTk3MjQyNWEzYmJhXzIxOTkwMjMyNTU1NzA_7d46404d-452b-4a88-80ce-37ff45617e48"
      unitRef="number">0.0750</us-gaap:DebtInstrumentBasisSpreadOnVariableRate1>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i19b11a0ae77e45ceb8599d6374e77a6c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNS0yLTEtMS0zMTQ3_18d02697-06a8-4e5c-a7ee-62e525319e3c"
      unitRef="usd">84017000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
      contextRef="i19b11a0ae77e45ceb8599d6374e77a6c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNy00LTEtMS00MjAw_e2d4885f-00fa-43f6-9a9b-9ba8fbe9cca2"
      unitRef="usd">555000</us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet>
    <us-gaap:LongTermDebt
      contextRef="i19b11a0ae77e45ceb8599d6374e77a6c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNS00LTEtMS0zMTQ3_bfd8f35b-32ca-4be2-9792-98615292569a"
      unitRef="usd">83462000</us-gaap:LongTermDebt>
    <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
      contextRef="i19b11a0ae77e45ceb8599d6374e77a6c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNS02LTEtMS0zMTQ3_70b39ded-fe8e-42b9-ada9-4f31e8646243"
      unitRef="usd">84017000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
    <us-gaap:DebtInstrumentBasisSpreadOnVariableRate1
      contextRef="i0057038eff014673a47aa7cb6d77290f_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfNS04LTEtMS0zMTQ3L3RleHRyZWdpb246NTM3YzNmZjZlZDllNDNjNWEwZTE5MjlmNzBkZjU4NTdfMjE5OTAyMzI1NTU3MA_87a5b6a8-58c0-41fa-8443-b0e8c9b6c598"
      unitRef="number">0.0385</us-gaap:DebtInstrumentBasisSpreadOnVariableRate1>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="iea07d23b57c9416f8a78ba5cf8c0019e_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtMi0xLTEtNDYxOQ_c544bbb8-0334-4b0a-a1ac-af02691c0d2a"
      unitRef="usd">75109000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
      contextRef="iea07d23b57c9416f8a78ba5cf8c0019e_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtNC0xLTEtNDYxOQ_005100e1-f227-48d5-84ed-b18fb6a81612"
      unitRef="usd">368000</us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet>
    <us-gaap:LongTermDebt
      contextRef="iea07d23b57c9416f8a78ba5cf8c0019e_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtNi0xLTEtNDYxOQ_8e34675e-0d13-4d1e-a200-104e7ce0016d"
      unitRef="usd">74741000</us-gaap:LongTermDebt>
    <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
      contextRef="iea07d23b57c9416f8a78ba5cf8c0019e_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtOC0xLTEtNDYxOQ_1702b810-eafd-4487-bae8-87ddd090beb0"
      unitRef="usd">250000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
    <us-gaap:DebtInstrumentBasisSpreadOnVariableRate1
      contextRef="i00639a84422642a59459bfaff01d033b_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtMTAtMS0xLTQ2NTgvdGV4dHJlZ2lvbjozNjQ3NWEyOWVlZDU0MDM4OWM4NmJiZjJmNTllMDYwNV8yMTk5MDIzMjU1NTc2_f0470009-a6f8-4974-a3d1-dd88208cafec"
      unitRef="number">0.0300</us-gaap:DebtInstrumentBasisSpreadOnVariableRate1>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i15023d89c80640acb5639e9e48d73ca0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtMi0xLTEtNDIwMA_dc3f39de-80e5-4b00-80e5-502c7d4f3a9b"
      unitRef="usd">114386000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
      contextRef="i15023d89c80640acb5639e9e48d73ca0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtNC0xLTEtNDIwMA_79798425-7af0-48a7-b190-10766633c6fa"
      unitRef="usd">176000</us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet>
    <us-gaap:LongTermDebt
      contextRef="i15023d89c80640acb5639e9e48d73ca0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtNi0xLTEtNDIwMA_3e0f7a64-e08b-4cde-a06a-df814d35a180"
      unitRef="usd">114210000</us-gaap:LongTermDebt>
    <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
      contextRef="i15023d89c80640acb5639e9e48d73ca0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtOC0xLTEtNDIwMA_81d76bbc-e1fe-4092-b0aa-def1fe527958"
      unitRef="usd">250000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
    <us-gaap:DebtInstrumentBasisSpreadOnVariableRate1
      contextRef="if77fe41af4d14cfba24cc4e6cbf44a6e_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTAtMTAtMS0xLTQyNDgvdGV4dHJlZ2lvbjpmMDVkYThhMDA1ODM0NTQyODI1ODA4YTdhNzc1ZTYzOV8yMTk5MDIzMjU1NTcw_9f48a2b7-8e49-4d60-b50d-595fed648c02"
      unitRef="number">0.0300</us-gaap:DebtInstrumentBasisSpreadOnVariableRate1>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="ief15bf08d2354976b3e6e487a072ed3c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTMtMi0xLTEtNDIwMA_89d75260-5c8b-4f19-9032-283c9f3e341b"
      unitRef="usd">790292000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
      contextRef="ief15bf08d2354976b3e6e487a072ed3c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTMtNC0xLTEtNDIwMA_c87d09c5-c073-4ff6-ae37-4fb410720bfb"
      unitRef="usd">3423000</us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet>
    <us-gaap:LongTermDebt
      contextRef="ief15bf08d2354976b3e6e487a072ed3c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTMtNi0xLTEtNDIwMA_33de4188-ec67-49bd-b5b7-59ab2a06676c"
      unitRef="usd">786869000</us-gaap:LongTermDebt>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="iaf171a3f147343738349f10c85ba4f15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfOS0yLTEtMS0zMTQ3_b98269ee-9c6b-442e-95b1-d05d16006c44"
      unitRef="usd">1000000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
      contextRef="iaf171a3f147343738349f10c85ba4f15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTQtNC0xLTEtNDIwMA_c1135a7b-5113-4972-9fef-e3e8e8cc8d8b"
      unitRef="usd">0</us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet>
    <us-gaap:LongTermDebt
      contextRef="iaf171a3f147343738349f10c85ba4f15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfOS00LTEtMS0zMTQ3_217c856f-62ff-4799-a784-9a685aca8efb"
      unitRef="usd">1000000</us-gaap:LongTermDebt>
    <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
      contextRef="iaf171a3f147343738349f10c85ba4f15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfOS02LTEtMS0zMTQ3_c6492a86-b931-43d4-86f9-152b92487b21"
      unitRef="usd">1000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage
      contextRef="iaf171a3f147343738349f10c85ba4f15_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfOS04LTEtMS0zMTQ3_e0d1602c-9c18-4d76-aa93-287c6b8b834b"
      unitRef="number">0.0033</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage
      contextRef="i350e085ea09741d4b382d1156808f3ee_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctMC0xLTEtNDYwMi90ZXh0cmVnaW9uOjZlMjRjMWRiZDg2YTQ3M2FiMmNjZjcyMGQxOTk5M2I1XzIxOTkwMjMyNTU1OTE_e795060c-ebdc-452a-b126-7abeb079c13e"
      unitRef="number">0.0475</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i350e085ea09741d4b382d1156808f3ee_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctMi0xLTEtNDYwMg_104865d6-461b-46d1-91c9-13099eb30d67"
      unitRef="usd">198629000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
      contextRef="i350e085ea09741d4b382d1156808f3ee_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctNC0xLTEtNDYwMg_6f93a0a8-68a8-411e-b5f1-f6d84c1dbc4a"
      unitRef="usd">2610000</us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet>
    <us-gaap:LongTermDebt
      contextRef="i350e085ea09741d4b382d1156808f3ee_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctNi0xLTEtNDYwMg_df09442b-e857-4f0e-a291-814cba29c953"
      unitRef="usd">196019000</us-gaap:LongTermDebt>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage
      contextRef="i350e085ea09741d4b382d1156808f3ee_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctMTAtMS0xLTQ2MDI_e795060c-ebdc-452a-b126-7abeb079c13e"
      unitRef="number">0.0475</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage
      contextRef="i60fc153076ce4377b68abc13755df135_I20210331"
      decimals="5"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctMC0xLTEtNDI3Ni90ZXh0cmVnaW9uOmNjNDkxYzY2NzllNDRmNzBhOTM2NTRmNDVjY2Y4NmFmXzIxOTkwMjMyNTU1OTM_4ff4a16a-5c20-465b-ac08-4fbab9ffe398"
      unitRef="number">0.05625</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i60fc153076ce4377b68abc13755df135_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctMi0xLTEtNDIwMA_98a3d690-0254-4652-a5bc-4445df6e512a"
      unitRef="usd">150200000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
      contextRef="i60fc153076ce4377b68abc13755df135_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctNC0xLTEtNDIwMA_b29c086e-dc2f-4d8f-b10b-bda3a9252d65"
      unitRef="usd">2634000</us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet>
    <us-gaap:LongTermDebt
      contextRef="i60fc153076ce4377b68abc13755df135_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctNi0xLTEtNDIwMA_f8b9feb5-f8d3-4608-bd5a-3162e4d638b8"
      unitRef="usd">147566000</us-gaap:LongTermDebt>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage
      contextRef="i60fc153076ce4377b68abc13755df135_I20210331"
      decimals="5"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTctMTAtMS0xLTQyMDA_4ff4a16a-5c20-465b-ac08-4fbab9ffe398"
      unitRef="number">0.05625</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage
      contextRef="i24a86e1f495447bca1fc377c481dc366_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMjAtMC0xLTEtNDU5OS90ZXh0cmVnaW9uOjU4NWM1ZDA5MGU4YjQ4YWY4ZGRkNmUyMDExNDVmMGM2XzIxOTkwMjMyNTU1OTI_1a90b4ae-3377-49f0-8d6a-26dc495b8533"
      unitRef="number">0.0575</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i24a86e1f495447bca1fc377c481dc366_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMjAtMi0xLTEtNDU5OQ_d890e3ee-d810-4c96-9a91-1eba2981bec5"
      unitRef="usd">172092000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
      contextRef="i24a86e1f495447bca1fc377c481dc366_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMjAtNC0xLTEtNDU5OQ_7db45fa5-e59e-4209-8648-97dcdbab5aab"
      unitRef="usd">3970000</us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet>
    <us-gaap:LongTermDebt
      contextRef="i24a86e1f495447bca1fc377c481dc366_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMjAtNi0xLTEtNDU5OQ_acd36469-eac1-47fa-aa10-7f2903020932"
      unitRef="usd">168122000</us-gaap:LongTermDebt>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage
      contextRef="i24a86e1f495447bca1fc377c481dc366_I20210331"
      decimals="4"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMjAtMTAtMS0xLTQ1OTk_1a90b4ae-3377-49f0-8d6a-26dc495b8533"
      unitRef="number">0.0575</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="ia86f633374a74ba185e8dd99c121a1ad_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTktMi0xLTEtNDIwMA_c6b890b5-5c25-4439-a988-b52e05e66a06"
      unitRef="usd">139500000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
      contextRef="ia86f633374a74ba185e8dd99c121a1ad_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTktNC0xLTEtNDIwMA_88c03a2b-feb4-456d-8260-d4be86158d2e"
      unitRef="usd">814000</us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet>
    <us-gaap:LongTermDebt
      contextRef="ia86f633374a74ba185e8dd99c121a1ad_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTktNi0xLTEtNDIwMA_b64b7796-ff42-4cc7-b503-6cb506cbbca8"
      unitRef="usd">138686000</us-gaap:LongTermDebt>
    <us-gaap:DebtInstrumentBasisSpreadOnVariableRate1
      contextRef="i077693b737154d0aaa318cc6632457ef_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMTktMTAtMS0xLTQyNTkvdGV4dHJlZ2lvbjoxOWIwOTQ2ZDU0NjM0Y2RlYjNhNzE4ZTQwZTFjMGY0Y18yMTk5MDIzMjU1NTY5_8709e495-526f-4ad2-a986-5085e9a21baa"
      unitRef="number">0.0225</us-gaap:DebtInstrumentBasisSpreadOnVariableRate1>
    <us-gaap:DebtInstrumentCarryingAmount
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMjAtMi0xLTEtNDIwMA_80bc37bb-b6d5-491d-8bb3-0e6a9c686755"
      unitRef="usd">1451713000</us-gaap:DebtInstrumentCarryingAmount>
    <us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMjAtNC0xLTEtNDIwMA_be5f3d33-cc23-4c3a-a067-0e82372f0069"
      unitRef="usd">13451000</us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet>
    <us-gaap:LongTermDebt
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOmVhYzMyYWQxMTgwMjRkYWZiOTVmZWNlNWUzMjFkZjI3L3RhYmxlcmFuZ2U6ZWFjMzJhZDExODAyNGRhZmI5NWZlY2U1ZTMyMWRmMjdfMjAtNi0xLTEtNDIwMA_8ae67095-5d1c-403c-a762-d12c85d23386"
      unitRef="usd">1438262000</us-gaap:LongTermDebt>
    <us-gaap:ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RleHRyZWdpb246Mjk4YTQ4N2VlZWNjNDc2N2JjZDI4MTU5YjNkMDA2ZDBfMjE5OTAyMzI3MzczMg_dcc58e71-e9dc-4c2b-9fc7-d6b316a24ee8">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table below presents the value of loans, securities, and other assets pledged as collateral under our long-term debt at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 15.2 &#x2013; Collateral for Long-Term Debt&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:12pt;margin-top:13pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:61.122%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.096%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Collateral Type&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Bridge loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;522,050&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;544,151&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Single-family rental loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;228,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;154,774&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real estate securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Sequoia Choice securitizations &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;256,554&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;249,446&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;CAFL securitizations &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;112,451&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;114,044&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total real estate securities owned&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; &lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;369,005&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;363,490&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other BPL investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19,358&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,414&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Restricted cash&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,100&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,100&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Collateral for Long-Term Debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,139,638&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,084,929&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;(1)Represents securities we have retained from consolidated securitization entities. For GAAP purposes, we consolidate the loans and non-recourse ABS debt issued from these securitizations.</us-gaap:ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock>
    <us-gaap:DebtInstrumentCollateralAmount
      contextRef="iea392b2ed4444379a39a9bc0e6ddb1fc_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfMi0yLTEtMS0zMzg5_c8568120-4ff0-40cc-aabd-d7939c9d183f"
      unitRef="usd">522050000</us-gaap:DebtInstrumentCollateralAmount>
    <us-gaap:DebtInstrumentCollateralAmount
      contextRef="i9d0d3e3c16b0474a89e031abcd6555ba_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfMi00LTEtMS0zMzg5_029a5d82-a579-4c6e-937a-da2f68c4e2a6"
      unitRef="usd">544151000</us-gaap:DebtInstrumentCollateralAmount>
    <us-gaap:DebtInstrumentCollateralAmount
      contextRef="ib0a9335fb558403092c9b4a664c344dc_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfMy0yLTEtMS0zMzg5_3eb1492c-a7bd-426c-ace2-eb4fef4b25bd"
      unitRef="usd">228125000</us-gaap:DebtInstrumentCollateralAmount>
    <us-gaap:DebtInstrumentCollateralAmount
      contextRef="i18aa9cf9be69488a894bad1356f34d45_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfMy00LTEtMS0zMzg5_32b8ffab-a09e-4d3e-81b9-0c53d22225da"
      unitRef="usd">154774000</us-gaap:DebtInstrumentCollateralAmount>
    <us-gaap:DebtInstrumentCollateralAmount
      contextRef="i56cb2a7e93f642a49a0ea3133b156a98_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfNi0yLTEtMS0zMzg5_3d19f4ed-4e43-49ac-af8a-c877a543eec8"
      unitRef="usd">256554000</us-gaap:DebtInstrumentCollateralAmount>
    <us-gaap:DebtInstrumentCollateralAmount
      contextRef="i144e4c0998a54e93b8ad724ba2afeee2_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfNi00LTEtMS0zMzg5_f6ebeda4-676d-4b1e-beb8-6702cffcb335"
      unitRef="usd">249446000</us-gaap:DebtInstrumentCollateralAmount>
    <us-gaap:DebtInstrumentCollateralAmount
      contextRef="i8583e8d1563f404980b98bb63c5e1d07_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfOS0yLTEtMS0zMzg5_b39a89e5-91af-4470-a1c2-1e1ecce7b482"
      unitRef="usd">112451000</us-gaap:DebtInstrumentCollateralAmount>
    <us-gaap:DebtInstrumentCollateralAmount
      contextRef="i8ede9ffecea243feb5e4c9e77253a45e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfOS00LTEtMS0zMzg5_8e8d25b2-f7ae-41a6-a862-95b240c16e82"
      unitRef="usd">114044000</us-gaap:DebtInstrumentCollateralAmount>
    <us-gaap:DebtInstrumentCollateralAmount
      contextRef="i176438d64e7d40d6a9586cc28372b12f_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfNy0yLTEtMS00MzA5_1206afaa-3466-43b1-aac8-f4becb7d855a"
      unitRef="usd">369005000</us-gaap:DebtInstrumentCollateralAmount>
    <us-gaap:DebtInstrumentCollateralAmount
      contextRef="if468df5d22f545a9b6d77c2267e2fb89_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfNy00LTEtMS00MzA5_0dc38148-4254-42c7-a686-b970237bff24"
      unitRef="usd">363490000</us-gaap:DebtInstrumentCollateralAmount>
    <us-gaap:DebtInstrumentCollateralAmount
      contextRef="if001fbc3ca744bb79b533c4bb13f4b57_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfOC0yLTEtMS00MzA5_b924cf8b-2c73-4358-9680-aaae24128c0d"
      unitRef="usd">19358000</us-gaap:DebtInstrumentCollateralAmount>
    <us-gaap:DebtInstrumentCollateralAmount
      contextRef="i9bced8a1692f4b1588e73f83d120aa0e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfOC00LTEtMS00MzA5_e8c752ea-1008-4bd3-87af-25335949a300"
      unitRef="usd">21414000</us-gaap:DebtInstrumentCollateralAmount>
    <us-gaap:DebtInstrumentCollateralAmount
      contextRef="ie51aad2dcd7a438ea77c736a8e68d30b_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfMTEtMi0xLTEtMzM4OQ_003246e4-1d43-4ee5-99ba-6d602bfbaeb2"
      unitRef="usd">1100000</us-gaap:DebtInstrumentCollateralAmount>
    <us-gaap:DebtInstrumentCollateralAmount
      contextRef="if79dfc696d13497c9f3c0d0c53e9e8fc_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfMTEtNC0xLTEtMzM4OQ_f48fb55e-b418-4172-8dd0-83da8fec44a2"
      unitRef="usd">1100000</us-gaap:DebtInstrumentCollateralAmount>
    <us-gaap:DebtInstrumentCollateralAmount
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfMTAtMi0xLTEtNDMwOQ_35c42ba5-963e-457d-85a3-8ccab76e4f7e"
      unitRef="usd">1139638000</us-gaap:DebtInstrumentCollateralAmount>
    <us-gaap:DebtInstrumentCollateralAmount
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjZhMDU2YjVkZWI3YjQzM2I5NDE2ODY5N2Y4ZmQ3ZDk5L3RhYmxlcmFuZ2U6NmEwNTZiNWRlYjdiNDMzYjk0MTY4Njk3ZjhmZDdkOTlfMTAtNC0xLTEtNDMwOQ_3d4f07e6-6527-4295-9214-85d29264e7fd"
      unitRef="usd">1084929000</us-gaap:DebtInstrumentCollateralAmount>
    <rwt:InterestPayableNoncurrent
      contextRef="ief15bf08d2354976b3e6e487a072ed3c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMS0yLTEtMS00MzIx_cbfadaaa-af67-4311-b941-65cdd6b17ba1"
      unitRef="usd">1642000</rwt:InterestPayableNoncurrent>
    <rwt:InterestPayableNoncurrent
      contextRef="i2057c175d6fa4f18a10210bd4ec5783b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMS00LTEtMS00MzIx_48060570-c757-4b23-bd30-67dc3f9ed4ab"
      unitRef="usd">1799000</rwt:InterestPayableNoncurrent>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage
      contextRef="i350e085ea09741d4b382d1156808f3ee_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMy0wLTEtMS00NjMyL3RleHRyZWdpb246MmRmZmQxN2Y4ZDUwNDQ3OWJhMGJiYWJjN2FiN2ZmZmJfMjE5OTAyMzI1NTU5MQ_21b98380-dc99-4139-ac28-dcd1f66ef931"
      unitRef="number">0.0475</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <rwt:InterestPayableNoncurrent
      contextRef="i350e085ea09741d4b382d1156808f3ee_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMy0yLTEtMS00NjMy_efe5ede9-bf2d-4d23-af43-4e0088aa4202"
      unitRef="usd">1206000</rwt:InterestPayableNoncurrent>
    <rwt:InterestPayableNoncurrent
      contextRef="i1e7c10a99781455a89142cdbaa37ac48_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMy00LTEtMS00NjMy_4420dfd6-1d8e-41e3-b910-195d608d2e28"
      unitRef="usd">3564000</rwt:InterestPayableNoncurrent>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage
      contextRef="i60fc153076ce4377b68abc13755df135_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfNC0wLTEtMS00MzA2L3RleHRyZWdpb246N2JjMTcwZTMyOWVmNDg5OGEyODQ4MzczYTRkNzI0ZDZfMjE5OTAyMzI1NTU5Mw_57ba5b40-e603-4615-bc27-b1824a1938f6"
      unitRef="number">0.05625</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <rwt:InterestPayableNoncurrent
      contextRef="i60fc153076ce4377b68abc13755df135_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMi0yLTEtMS0zNDQ3_0d12f6de-12fd-489f-8582-8b84ed410fcc"
      unitRef="usd">1784000</rwt:InterestPayableNoncurrent>
    <rwt:InterestPayableNoncurrent
      contextRef="i80f12dd3b23d4acf8b7236c69d1e0405_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMi00LTEtMS0zNDQ3_44814c9b-7aa9-44a0-8c72-05afe9c170ff"
      unitRef="usd">3896000</rwt:InterestPayableNoncurrent>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage
      contextRef="i24a86e1f495447bca1fc377c481dc366_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfNS0wLTEtMS00MzA4L3RleHRyZWdpb246MjgyYTUzODYyMjJiNDlmMmJlNDEzZTExYjU0MTRhY2VfMjE5OTAyMzI1NTU5Mg_fed6286d-19fb-4a38-8618-2f88ce1068d5"
      unitRef="number">0.0575</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <rwt:InterestPayableNoncurrent
      contextRef="i24a86e1f495447bca1fc377c481dc366_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMy0yLTEtMS0zNDQ3_61fdc7a2-1e93-4906-90d3-b78c5d4ef44f"
      unitRef="usd">4948000</rwt:InterestPayableNoncurrent>
    <rwt:InterestPayableNoncurrent
      contextRef="i8956a5726b4240a9acd183e52d9940f5_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfMy00LTEtMS0zNDQ3_36dbd8b5-7659-41e3-bf94-48006c6278bf"
      unitRef="usd">2474000</rwt:InterestPayableNoncurrent>
    <rwt:InterestPayableNoncurrent
      contextRef="ia86f633374a74ba185e8dd99c121a1ad_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfNC0yLTEtMS0zNDQ3_cbc48569-e9bf-4674-97c7-1f336ee32691"
      unitRef="usd">580000</rwt:InterestPayableNoncurrent>
    <rwt:InterestPayableNoncurrent
      contextRef="i234ac9dd553d463f879a85cef8b74753_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfNC00LTEtMS0zNDQ3_b110f094-a9f2-4ebf-bcbd-37942163fc23"
      unitRef="usd">669000</rwt:InterestPayableNoncurrent>
    <rwt:InterestPayableNoncurrent
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfNy0yLTEtMS00MzIx_258fdc7d-e978-40d1-80d6-5ab4a5b07fd4"
      unitRef="usd">10160000</rwt:InterestPayableNoncurrent>
    <rwt:InterestPayableNoncurrent
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl84OC9mcmFnOjI5OGE0ODdlZWVjYzQ3NjdiY2QyODE1OWIzZDAwNmQwL3RhYmxlOjMwYmUzMDRkY2Q5NTQ5YmNhN2JhNjcyM2IxMmNhMWE2L3RhYmxlcmFuZ2U6MzBiZTMwNGRjZDk1NDliY2E3YmE2NzIzYjEyY2ExYTZfNy00LTEtMS00MzIx_78105f58-2851-4631-a0d3-20f796b11ea6"
      unitRef="usd">12402000</rwt:InterestPayableNoncurrent>
    <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTc0NDk_9276ebf5-8843-48b0-85f1-139bb934140d">Commitments and Contingencies&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Lease Commitments&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;At March&#160;31, 2021, we were obligated under seven non-cancelable operating leases with expiration dates through 2031 for $19 million of cumulative lease payments. Our operating lease expense was $1 million for both three-month periods ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents our future lease commitments at March&#160;31, 2021. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 16.1 &#x2013; Future Lease Commitments by Year&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:17pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:79.706%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.399%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2021 (9 months)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,498&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,301&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,813&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,231&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2025&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,983&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2026 and thereafter&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,128&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Lease Commitments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,954&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Less: Imputed interest&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,069)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Operating Lease Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,885&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;During the three months ended March&#160;31, 2021, we did not enter into any office leases. At March&#160;31, 2021, our operating lease liabilities were $16 million, which were a component of &lt;span style="-sec-ix-hidden:id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMjE5OTAyMzI5MzY4Nw_bc0bc37e-bcf8-4c82-a2ba-5b00384cfc4e"&gt;Accrued expenses and other liabilities&lt;/span&gt;, and our operating lease right-of-use assets were $14 million, which were a component of &lt;span style="-sec-ix-hidden:id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTc0NjQ_e532c9ed-5ea2-4103-b7f4-f84acd79bb2e"&gt;Other assets&lt;/span&gt;.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We determined that none of our leases contained an implicit interest rate and used a discount rate equal to our incremental borrowing rate on a collateralized basis to determine the present value of our total lease payments. As such, we determined the applicable discount rate for each of our leases using a swap rate plus an applicable spread for borrowing arrangements secured by our real estate loans and securities for a length of time equal to the remaining lease term on the date of adoption. At March&#160;31, 2021, the weighted-average remaining lease term and weighted-average discount rate for our leases was 7 years and 4.9%, respectively.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Commitment to Fund Bridge Loans&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:9pt;margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;As of March&#160;31, 2021, we had commitments to fund up to $283 million of additional advances on existing bridge loans. These commitments are generally subject to loan agreements with covenants regarding the financial performance of the customer and other terms regarding advances that must be met before we fund the commitment. At March&#160;31, 2021, we recorded a $2 million contingent liability related to these commitments to fund construction advances. We may also advance funds related to loans sold under a separate loan sale agreement that are generally repaid immediately by the loan purchaser and do not generally expose us to loss. The outstanding commitments related to these loans that we may temporarily fund totaled approximately $2 million at March&#160;31, 2021.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Commitment to Fund Partnerships&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In 2018, we invested in two partnerships created to acquire and manage certain mortgage servicing related assets (see &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Note 10&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; for additional detail). In connection with this investment, we are required to fund future net servicer advances related to the underlying mortgage loans. The actual amount of net servicer advances we may fund in the future is subject to significant uncertainty and will be based on the credit and prepayment performance of the underlying loans.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Loss Contingencies&#160;&#x2014; Risk-Sharing&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;During 2015 and 2016, we sold conforming loans to the Agencies with an original unpaid principal balance of $3.19 billion, subject to our risk-sharing arrangements with the Agencies. At March&#160;31, 2021, the maximum potential amount of future payments we could be required to make under these arrangements was $44 million and this amount was fully collateralized by assets we transferred to pledged accounts and is presented as pledged collateral in Other assets on our consolidated balance sheets. We have no recourse to any third parties that would allow us to recover any amounts related to our obligations under the arrangements. At March&#160;31, 2021, we had not incurred any losses under these arrangements. For the three months ended March&#160;31, 2021 and 2020, other income related to these arrangements was $1 million for both periods, and net market valuation losses related to these investments were less than $0.1 million and $0.5 million, respectively.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;All of the loans in the reference pools subject to these risk-sharing arrangements were originated in 2014 and 2015, and at March&#160;31, 2021, the loans had an unpaid principal balance of $806 million and a weighted average FICO score of 757 (at origination) and LTV ratio of 75% (at origination). At March&#160;31, 2021, $33 million of the loans were 90 days or more delinquent, of which one of these loans with an unpaid principal balance of $0.2 million was in foreclosure. At March&#160;31, 2021, the carrying value of our guarantee obligation was $9 million and included $5 million designated as a non-amortizing credit reserve, which we believe is sufficient to cover current expected losses under these obligations. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Our consolidated balance sheets include assets of special purpose entities ("SPEs") associated with these risk-sharing arrangements (i.e., the "pledged collateral" referred to above) that can only be used to settle obligations of these SPEs for which the creditors of these SPEs (the Agencies) do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of such SPEs totaled $46 million at both dates, and liabilities of such SPEs totaled $9 million and $10 million, respectively.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Loss Contingencies&#160;&#x2014; Residential Repurchase Reserve &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We maintain a repurchase reserve for potential obligations arising from representation and warranty violations related to residential loans we have sold to securitization trusts or third parties and for conforming residential loans associated with MSRs that we have purchased from third parties. We do not originate residential loans and we believe the initial risk of loss due to loan repurchases (i.e., due to a breach of representations and warranties) would generally be a contingency to the companies from whom we acquired the loans. However, in some cases, for example, where loans were acquired from companies that have since become insolvent, repurchase claims may result in our being liable for a repurchase obligation. Additionally, for certain loans we sold during the second quarter of 2020 that were previously held for investment, we have a direct obligation to repurchase these loans in the event of any early payment defaults (or EPDs) by the underlying mortgage borrowers within certain specified periods following the sales.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;At both March&#160;31, 2021 and December&#160;31, 2020, our repurchase reserve associated with our residential loans and MSRs was $9 million and was recorded in Accrued expenses and other liabilities on our consolidated balance sheets. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We received zero and three repurchase requests during the three months ended March&#160;31, 2021 and 2020, respectively, and did not repurchase any loans during either of these periods. During the three months ended March&#160;31, 2021 and 2020, we recorded repurchase provisions of $0.1 million and $0.2 million, respectively, that were recorded in Mortgage banking activities, net; Investment fair value changes, net; and Other income on our consolidated statements of income (loss).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Loss Contingencies&#160;&#x2014;&#160;Litigation, Claims and Demands&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;There is no significant update regarding the litigation matters described in Note 16 within the financial statements included in Redwood&#x2019;s Annual Report on Form 10-K for the year ended December&#160;31, 2020 under the heading &#x201c;Loss Contingencies - Litigation.&#x201d; At March&#160;31, 2021, the aggregate amount of loss contingency reserves established in respect of the FHLB-Seattle and Schwab litigation matters described in our Annual Report on Form 10-K for the year ended December&#160;31, 2020 was $2&#160;million. At March&#160;31, 2021, the aggregate amount of our accrual for estimated costs associated with the "Residential Loan Seller Demands" described in our Annual Report on Form 10-K for the year ended December&#160;31, 2020 was $2&#160;million, a portion of which is contingent on the successful completion of future residential loan purchase and sale transactions with certain counterparties. We believe we have either resolved or adequately accrued for any unresolved Residential Loan Seller Demands and that there are no other Residential Loan Seller Demands that are reasonably possible to result in a material loss.&lt;/span&gt;&lt;/div&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
    <rwt:LesseeNumberOfLeases
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfOTM_5b119eba-e9fa-4df1-b75a-bc2872cedc98"
      unitRef="lease">7</rwt:LesseeNumberOfLeases>
    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTY1_a7d25ab9-fd9f-48bf-9ab9-3e9b3f7658ca"
      unitRef="usd">19000000</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue>
    <us-gaap:OperatingLeaseCost
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMjMw_1acf990f-e88d-4793-a037-ce1f00238295"
      unitRef="usd">1000000</us-gaap:OperatingLeaseCost>
    <us-gaap:OperatingLeaseCost
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMjMw_fb907fb0-cc7d-4e8a-a8a1-153a53c059af"
      unitRef="usd">1000000</us-gaap:OperatingLeaseCost>
    <us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTc0NTU_483a99d3-8bc2-404b-a9f6-6859cd6b40a3">&lt;div style="text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents our future lease commitments at March&#160;31, 2021. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 16.1 &#x2013; Future Lease Commitments by Year&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:17pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:79.706%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:17.399%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2021 (9 months)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,498&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,301&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,813&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,231&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2025&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,983&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2026 and thereafter&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,128&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Lease Commitments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,954&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Less: Imputed interest&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,069)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Operating Lease Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,885&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock>
    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfMS0yLTEtMS0w_68b44bfc-d5e9-47bb-9a62-83d2695caa78"
      unitRef="usd">2498000</us-gaap:LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear>
    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfMi0yLTEtMS0w_6d0ec700-bc6f-4664-ae8f-e78b2a30f972"
      unitRef="usd">3301000</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths>
    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfMy0yLTEtMS0w_54f17775-4580-43b4-b16e-c4143f2de482"
      unitRef="usd">2813000</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearTwo>
    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearThree
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfNC0yLTEtMS0w_b34d7c41-054c-4f42-b253-b8d6bfb155f0"
      unitRef="usd">2231000</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearThree>
    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFour
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfNS0yLTEtMS0w_d7d17e7a-4677-4f93-897f-6f1b72fb3c97"
      unitRef="usd">1983000</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFour>
    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFive
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfNi0yLTEtMS0w_65e57c71-babb-4404-96a8-4dd55f728139"
      unitRef="usd">6128000</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFive>
    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfNy0yLTEtMS0w_125926a7-78c2-4c49-ba6f-5775dacff8a5"
      unitRef="usd">18954000</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue>
    <us-gaap:LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfOC0yLTEtMS0w_8b9f90f8-2425-413a-b952-fe3bd03c1f2a"
      unitRef="usd">3069000</us-gaap:LesseeOperatingLeaseLiabilityUndiscountedExcessAmount>
    <us-gaap:OperatingLeaseLiability
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RhYmxlOjhhYzE3MTNmNGFkNjRmNTJhM2YyOGU1YjM3NTljNzdhL3RhYmxlcmFuZ2U6OGFjMTcxM2Y0YWQ2NGY1MmEzZjI4ZTViMzc1OWM3N2FfOS0yLTEtMS0w_5a5a2fbb-8983-464c-a488-72eab06bc3e4"
      unitRef="usd">15885000</us-gaap:OperatingLeaseLiability>
    <us-gaap:OperatingLeaseLiability
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTc4_4c1ab9bb-f93e-4986-a8cb-d4124e1c2c1f"
      unitRef="usd">16000000</us-gaap:OperatingLeaseLiability>
    <us-gaap:OperatingLeaseRightOfUseAsset
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNjc4_961e8545-185f-427f-a68d-2aa4f27e896b"
      unitRef="usd">14000000</us-gaap:OperatingLeaseRightOfUseAsset>
    <us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTMyMw_835835eb-b2c2-411f-a4ec-2b72f0387751">P7Y</us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1>
    <us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTMzMA_4fae1f65-9c12-4769-9c8f-5cbe9cfffdd8"
      unitRef="number">0.049</us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent>
    <us-gaap:OtherCommitment
      contextRef="if9aa2742c3094fdcb28cf58e3e552800_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTQzNQ_358f54ed-f840-4ceb-b4c7-de56b8ea5e81"
      unitRef="usd">283000000</us-gaap:OtherCommitment>
    <us-gaap:DerivativeLiabilities
      contextRef="if9aa2742c3094fdcb28cf58e3e552800_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTcyOQ_eafc2fe2-8a44-4af1-8d38-383e51670cc0"
      unitRef="usd">-2000000</us-gaap:DerivativeLiabilities>
    <us-gaap:OtherCommitment
      contextRef="i49938a3c873b49f78d04702480214f52_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMjEzNQ_22b8a94a-c539-45b6-98d7-2bc130d80ece"
      unitRef="usd">2000000</us-gaap:OtherCommitment>
    <rwt:CommitmentToFundPartnershipNumberOfPartnerships
      contextRef="i4b344d6fadc54ce091b554e8d0323d17_D20180101-20181231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMjIyMw_7e84f7e0-6768-4c3d-982b-fe06ccf4c572"
      unitRef="partnership">2</rwt:CommitmentToFundPartnershipNumberOfPartnerships>
    <rwt:PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance
      contextRef="if479a91518e74bdc94d4cc988a8b396a_I20151231"
      decimals="-7"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNDM3OA_58c8999d-7536-4437-99d7-1107dfc6338a"
      unitRef="usd">3190000000</rwt:PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance>
    <rwt:PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance
      contextRef="i4fb4c56f7c874428a57865f04bc8d955_I20161231"
      decimals="-7"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNDM3OA_c269fd4e-c6a8-4393-ba97-b32b2f2debb3"
      unitRef="usd">3190000000</rwt:PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance>
    <rwt:PotentialFuturePayments
      contextRef="iedcf78341f264b8980407c95bb7d636b_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNDU1NQ_882834f4-944c-49fe-8d2e-d598d1b45db4"
      unitRef="usd">44000000</rwt:PotentialFuturePayments>
    <rwt:FeeIncomeRiskSharingAgreement
      contextRef="i02ed6c89763c4cd79f5a5e1cf3561734_D20200101-20200331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTAwOQ_1bffa802-2e44-4bd3-96ff-7f570ee28297"
      unitRef="usd">1000000</rwt:FeeIncomeRiskSharingAgreement>
    <rwt:FeeIncomeRiskSharingAgreement
      contextRef="i5da04f887893467da16c0f40c58175f3_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTAwOQ_3992c382-426b-4ff3-8461-f13310e0782a"
      unitRef="usd">1000000</rwt:FeeIncomeRiskSharingAgreement>
    <rwt:MarketValuationChangesInFairValueOfGuaranteeAsset
      contextRef="i8c2d51c083f6453ba8c8a26b6196daf0_D20210101-20210331"
      decimals="-5"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTEwMA_527689bc-4aae-411e-8338-7ccd7b66c528"
      unitRef="usd">-100000</rwt:MarketValuationChangesInFairValueOfGuaranteeAsset>
    <rwt:MarketValuationChangesInFairValueOfGuaranteeAsset
      contextRef="i9b1ec784307f4701ae4999a37e7006a3_D20200101-20200331"
      decimals="-5"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTA5OTUxMTY0NjE5OQ_47205367-8685-4fdb-8791-68831d4c686b"
      unitRef="usd">-500000</rwt:MarketValuationChangesInFairValueOfGuaranteeAsset>
    <us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized
      contextRef="iedcf78341f264b8980407c95bb7d636b_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTUwNg_0a5b5ee2-659f-4252-88ee-14b26537feab"
      unitRef="usd">806000000</us-gaap:PrincipalAmountOutstandingOnLoansManagedAndSecuritized>
    <rwt:FinancingReceivableCreditScoreFICOWeightedAverage
      contextRef="iedcf78341f264b8980407c95bb7d636b_I20210331"
      decimals="0"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTU0Ng_dd6728f8-1621-4704-8ade-c98b15c24cba"
      unitRef="number">757</rwt:FinancingReceivableCreditScoreFICOWeightedAverage>
    <rwt:FinancingReceivableLoanToValueRatio
      contextRef="iedcf78341f264b8980407c95bb7d636b_I20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTU4Mw_3612e520-c826-4258-a541-26a57ba00007"
      unitRef="number">0.75</rwt:FinancingReceivableLoanToValueRatio>
    <us-gaap:FinancingReceivableRecordedInvestmentPastDue
      contextRef="i332b3282f0164d19a1b004d1b93dabbe_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTYxMQ_465135bf-b325-4251-9c6e-d71416be0631"
      unitRef="usd">33000000</us-gaap:FinancingReceivableRecordedInvestmentPastDue>
    <rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure
      contextRef="i04e6aeb68aba430784efa8ac214c6558_I20210331"
      decimals="-5"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTA5OTUxMTY0NjU2Mg_f4501cdf-bb6d-47b3-8efb-8a66632f1d4f"
      unitRef="usd">200000</rwt:FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure>
    <us-gaap:GuarantyLiabilities
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTc2Mw_9bb22125-ee98-43fd-9815-a24c9c676cb3"
      unitRef="usd">9000000</us-gaap:GuarantyLiabilities>
    <rwt:GuaranteeObligationCreditReserve
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNTc3OQ_b84b92fd-3bbc-44cc-895c-c7f4d8c2ce99"
      unitRef="usd">5000000</rwt:GuaranteeObligationCreditReserve>
    <rwt:SpecialPurposeEntitiesAssets
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNjMxOA_80f20b3a-32f1-41eb-bade-dfe5f67fd94e"
      unitRef="usd">46000000</rwt:SpecialPurposeEntitiesAssets>
    <rwt:SpecialPurposeEntitiesAssets
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNjMxOA_ceb7477d-404a-4ebd-8227-1a65d2027f2d"
      unitRef="usd">46000000</rwt:SpecialPurposeEntitiesAssets>
    <rwt:SpecialPurposeEntitiesLiabilities
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNjM4MA_aad7f9e2-01af-48e8-8c94-18db19a2267c"
      unitRef="usd">9000000</rwt:SpecialPurposeEntitiesLiabilities>
    <rwt:SpecialPurposeEntitiesLiabilities
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNjM4Nw_a0521487-06d7-4785-b439-3e470b9f25d5"
      unitRef="usd">10000000</rwt:SpecialPurposeEntitiesLiabilities>
    <rwt:MortgageLoanOnRealEstateRepurchaseReserve
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNzU5MA_145124eb-74d3-4ca6-8ceb-8e5cc3f33648"
      unitRef="usd">9000000</rwt:MortgageLoanOnRealEstateRepurchaseReserve>
    <rwt:MortgageLoanOnRealEstateRepurchaseReserve
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNzU5MA_b0c59f8d-2473-4972-bf2f-1f8b3fc5d0ed"
      unitRef="usd">9000000</rwt:MortgageLoanOnRealEstateRepurchaseReserve>
    <rwt:MortgageLoansOnRealEstateRepurchaseRequests
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNzcyMw_c40db2be-345f-49ce-99fb-2fd43d398798"
      unitRef="repurchase_request">0</rwt:MortgageLoansOnRealEstateRepurchaseRequests>
    <rwt:MortgageLoansOnRealEstateRepurchaseRequests
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNzczMA_d37d652b-53d4-4084-90b9-63de42cf9b04"
      unitRef="repurchase_request">3</rwt:MortgageLoansOnRealEstateRepurchaseRequests>
    <rwt:MortgageLoansOnRealEstateNumberOfLoansRepurchased
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNzgxNQ_299e0d9e-166e-45d3-83c0-ed87b90235a4"
      unitRef="loan">0</rwt:MortgageLoansOnRealEstateNumberOfLoansRepurchased>
    <rwt:MortgageLoansOnRealEstateNumberOfLoansRepurchased
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNzgxNQ_4c4e02a1-7890-4d32-9be9-30fde9d89c07"
      unitRef="loan">0</rwt:MortgageLoansOnRealEstateNumberOfLoansRepurchased>
    <rwt:MortgageLoansOnRealEstateRepurchaseProvision
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-5"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNzk0OQ_48b2da8e-1f97-458e-9b57-b800db330108"
      unitRef="usd">100000</rwt:MortgageLoansOnRealEstateRepurchaseProvision>
    <rwt:MortgageLoansOnRealEstateRepurchaseProvision
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-5"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfNzk5NA_a185cd83-f6bd-49f0-8fa8-487710b90a3b"
      unitRef="usd">-200000</rwt:MortgageLoansOnRealEstateRepurchaseProvision>
    <us-gaap:LitigationReserve
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfODcwOQ_3be136a0-6b33-41be-91e9-03e8f2508f2a"
      unitRef="usd">2000000</us-gaap:LitigationReserve>
    <us-gaap:LossContingencyAccrualAtCarryingValue
      contextRef="ied690540783d49d3a572372126db7ad7_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTA5OTUxMTY2NDk2Nw_49d15b3c-3cf3-4cfc-a878-69739fb5aca7"
      unitRef="usd">2000000</us-gaap:LossContingencyAccrualAtCarryingValue>
    <us-gaap:StockholdersEquityNoteDisclosureTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfNDAwNQ_a22151be-d1c9-4350-960f-b4020cadba64">Equity &lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides a summary of changes to accumulated other comprehensive income by component for the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 17.1 &#x2013; Changes in Accumulated Other Comprehensive Income (Loss) by Component&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:11pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:29.358%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.589%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.589%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.589%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.595%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Available-for-Sale Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Interest Rate Agreements Accounted for as Cash Flow Hedges&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Available-for-Sale Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Interest Rate Agreements Accounted for as Cash Flow Hedges&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Balance at beginning of period&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;76,336&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(80,557)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;92,452&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(50,939)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Other comprehensive income (loss)&lt;br/&gt;before reclassifications &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,986&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(80,519)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(32,806)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Amounts reclassified from other &lt;br/&gt;accumulated comprehensive income (loss)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,795)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,018&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(13,798)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;79&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Net current-period other comprehensive income (loss)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,191&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,018&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(94,317)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(32,727)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Balance at End of Period&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;84,527&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(79,539)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,865)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(83,666)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides a summary of reclassifications out of accumulated other comprehensive income for the three months ended March&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 17.2 &#x2013; Reclassifications Out of Accumulated Other Comprehensive Income (Loss)&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:17pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:38.344%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:22.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.542%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Amount Reclassified From &lt;br/&gt;Accumulated Other Comprehensive Income&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Affected Line Item in the&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Income Statement&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Net Realized (Gain) Loss on AFS Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Credit loss expense on AFS securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Investment fair value changes, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(374)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,525&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gain on sale of AFS securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Realized gains, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,421)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(15,323)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,795)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(13,798)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Net Realized Loss on Interest Rate &lt;br/&gt;&#160;&#160;Agreements Designated as Cash Flow Hedges&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Amortization of deferred loss&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,018&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;79&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,018&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;79&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:9pt;margin-top:17pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Issuance of Common Stock&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We have an established program to sell up to an aggregate of $175 million of common stock from time to time in at-the-market ("ATM") offerings, with $110 million of remaining capacity available at March&#160;31, 2021. During the three months ended March&#160;31, 2021, we did not issue any shares under this program. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:9pt;margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Direct Stock Purchase and Dividend Reinvestment Plan&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;During both the three months ended March&#160;31, 2021 and 2020, we did not issue any shares of common stock through our Direct Stock Purchase and Dividend Reinvestment Plan.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:9pt;margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Earnings (Loss) per Common Share&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides the basic and diluted earnings (loss) per common share computations for the three months ended March&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 17.3 &#x2013; Basic and Diluted Earnings (Loss) per Common Share&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:11pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:71.677%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.816%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.819%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands, except Share Data)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Basic Earnings (Loss) per Common Share:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income (loss) attributable to Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97,257&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(943,398)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Less: Dividends and undistributed earnings allocated to participating securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,294)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,209)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income (loss) allocated to common shareholders&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;93,963&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(944,607)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Basic weighted average common shares outstanding&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;112,276,842&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;114,076,568&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Basic Earnings (Loss) per Common Share&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.84&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(8.28)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Diluted Earnings (Loss) per Common Share:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income (loss) attributable to Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97,257&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(943,398)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Less: Dividends and undistributed earnings allocated to participating securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,951)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,209)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Add back: Interest expense on convertible notes for the period, net of tax&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,007&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income (loss) allocated to common shareholders&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;101,313&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(944,607)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Weighted average common shares outstanding&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;112,276,842&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;114,076,568&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net effect of dilutive equity awards&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;195,568&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net effect of assumed convertible notes conversion to common shares&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,566,875&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Diluted weighted average common shares outstanding&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;141,039,285&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;114,076,568&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Diluted Earnings (Loss) per Common Share&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.72&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(8.28)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We included participating securities, which are certain equity awards that have non-forfeitable dividend participation rights, in the calculations of basic and diluted earnings per common share as we determined that the two-class method was more dilutive than the alternative treasury stock method for these shares. Dividends and undistributed earnings allocated to participating securities under the basic and diluted earnings per share calculations require specific shares to be included that may differ in certain circumstances. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;During the three months ended March 31, 2021, certain of our convertible notes were determined to be dilutive and were included in the calculation of diluted EPS under the "if-converted" method. Under this method, the periodic interest expense (net of applicable taxes) for dilutive notes is added back to the numerator and the weighted average number of shares that the notes are entitled to (if converted, regardless of whether they are in or out of the money) are included in the denominator. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;For the three months ended March 31, 2020, 35.4&#160;million of common shares related to the assumed conversion of our convertible notes were antidilutive and were excluded in the calculation of diluted earnings per share. For the three months ended March&#160;31, 2021 and 2020, the number of outstanding equity awards that were antidilutive totaled 15,460 and 21,249, respectively. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:9pt;margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Stock Repurchases&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In February 2018, our Board of Directors approved an authorization for the repurchase of our common stock, increasing the total amount authorized for repurchases of common stock to $100 million, and also authorized the repurchase of outstanding debt securities, including convertible and exchangeable debt. This authorization increased the previous share repurchase authorization approved in February 2016 and has no expiration date. This repurchase authorization does not obligate us to acquire any specific number of shares or securities. Under this authorization, shares or securities may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. During the three months ended March&#160;31, 2021, we did not repurchase any shares. At March&#160;31, 2021, $78 million of the current authorization remained available for the repurchase of shares of our common stock and we also continued to be authorized to repurchase outstanding debt securities.&lt;/span&gt;&lt;/div&gt;</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
    <us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfNDAyNQ_384077a0-7f75-46df-859c-cc490705eb43">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides a summary of changes to accumulated other comprehensive income by component for the three months ended March&#160;31, 2021 and 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 17.1 &#x2013; Changes in Accumulated Other Comprehensive Income (Loss) by Component&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:11pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:29.358%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.589%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.589%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.589%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:15.595%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Available-for-Sale Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Interest Rate Agreements Accounted for as Cash Flow Hedges&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Available-for-Sale Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Interest Rate Agreements Accounted for as Cash Flow Hedges&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Balance at beginning of period&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;76,336&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(80,557)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;92,452&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(50,939)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Other comprehensive income (loss)&lt;br/&gt;before reclassifications &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,986&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(80,519)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(32,806)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Amounts reclassified from other &lt;br/&gt;accumulated comprehensive income (loss)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,795)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,018&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(13,798)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;79&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Net current-period other comprehensive income (loss)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,191&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,018&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(94,317)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(32,727)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Balance at End of Period&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;84,527&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(79,539)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,865)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(83,666)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock>
    <us-gaap:StockholdersEquity
      contextRef="i201206434436445e9032fc44632b185f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfMi0yLTEtMS0w_628df1d0-c4ba-4f84-a482-67e65572305f"
      unitRef="usd">76336000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="ia02f8bcc6d214fb18115066f4a540b51_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfMi00LTEtMS0w_cb370f64-29da-4a58-9701-15c77ea178ae"
      unitRef="usd">-80557000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="ie30685bfc10c48b89229d33feffe9567_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfMi02LTEtMS0w_601727eb-fa0f-4375-8c17-900967459391"
      unitRef="usd">92452000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="i0ce4d980dd6547d7b4a83cc1bf88214c_I20191231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfMi04LTEtMS0w_4ac69893-24e9-4d60-99f1-bbf145981f83"
      unitRef="usd">-50939000</us-gaap:StockholdersEquity>
    <us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
      contextRef="i2646fe752a324c119685f5eef9a1804d_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfMy0yLTEtMS0w_b65be736-95b8-4bba-aa32-1ab78ae1e90f"
      unitRef="usd">10986000</us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
      contextRef="i882231b0497843c792ffd0c65666d43b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfMy00LTEtMS0w_5a43bea2-d1ca-43ad-a247-be3ad07c0720"
      unitRef="usd">0</us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
      contextRef="i5247dff820b64542b90c3c99def95da0_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfMy02LTEtMS0w_5617ce7e-b23d-4788-8b14-bd6f348421b2"
      unitRef="usd">-80519000</us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
      contextRef="i1f6fc1d99c79491db8dfc812f7c03926_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfMy04LTEtMS0w_fe07d31f-3cf5-4eaa-85ef-d37817599705"
      unitRef="usd">-32806000</us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax>
    <us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
      contextRef="i2646fe752a324c119685f5eef9a1804d_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNC0yLTEtMS0w_137a7ffb-4c84-4f7f-899d-837c719921de"
      unitRef="usd">2795000</us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax>
    <us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
      contextRef="i882231b0497843c792ffd0c65666d43b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNC00LTEtMS0w_648cbf8e-077c-4e1f-9f9a-b8a0bc87482c"
      unitRef="usd">-1018000</us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax>
    <us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
      contextRef="i5247dff820b64542b90c3c99def95da0_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNC02LTEtMS0w_ef430b67-edb8-4b30-b192-7979c9293a35"
      unitRef="usd">13798000</us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax>
    <us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
      contextRef="i1f6fc1d99c79491db8dfc812f7c03926_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNC04LTEtMS0w_c6595220-63db-4d62-b15b-d9ab5de3607e"
      unitRef="usd">-79000</us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossNetOfTax
      contextRef="i2646fe752a324c119685f5eef9a1804d_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNS0yLTEtMS0w_346e75eb-ef32-4509-89f8-020de02f40de"
      unitRef="usd">8191000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossNetOfTax
      contextRef="i882231b0497843c792ffd0c65666d43b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNS00LTEtMS0w_f3456355-be71-4d8d-9473-782fbee4a8f1"
      unitRef="usd">1018000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossNetOfTax
      contextRef="i5247dff820b64542b90c3c99def95da0_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNS02LTEtMS0w_89a33b7c-4eb7-4c02-820a-23a3551d90bc"
      unitRef="usd">-94317000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossNetOfTax
      contextRef="i1f6fc1d99c79491db8dfc812f7c03926_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNS04LTEtMS0w_2ce48482-0874-42ed-b36b-352b33a598f9"
      unitRef="usd">-32727000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
    <us-gaap:StockholdersEquity
      contextRef="i639c2d1e31364da28cf80d726a91c483_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNi0yLTEtMS0w_8bd4a1c3-15da-44b3-b34c-0f4306efc6c0"
      unitRef="usd">84527000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="i6876d6a4aa4c448f8b435a69861cb2da_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNi00LTEtMS0w_fe5d59e0-cfb3-4d1e-b051-86d3307ef087"
      unitRef="usd">-79539000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="i49e10bc86e8448af80afe47caaa287e2_I20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNi02LTEtMS0w_45677567-1d80-4e29-9347-4afd238280ad"
      unitRef="usd">-1865000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity
      contextRef="id001871148b945229a4dacf365eec6a5_I20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MzlhMzEyZTk4OTQyYTdiZmU0YmY3YjRlNjBhYmVhL3RhYmxlcmFuZ2U6MzgzOWEzMTJlOTg5NDJhN2JmZTRiZjdiNGU2MGFiZWFfNi04LTEtMS0w_21937835-5b39-4b76-8b8d-69444d2ff2fc"
      unitRef="usd">-83666000</us-gaap:StockholdersEquity>
    <us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfNDAxOA_ba760726-889d-4c4c-8ce7-9a889f11c89d">&lt;div style="margin-top:12pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides a summary of reclassifications out of accumulated other comprehensive income for the three months ended March&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 17.2 &#x2013; Reclassifications Out of Accumulated Other Comprehensive Income (Loss)&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:17pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:38.344%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:22.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.542%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr style="height:3pt"&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Amount Reclassified From &lt;br/&gt;Accumulated Other Comprehensive Income&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Affected Line Item in the&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Income Statement&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Net Realized (Gain) Loss on AFS Securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Credit loss expense on AFS securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Investment fair value changes, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(374)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,525&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gain on sale of AFS securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Realized gains, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,421)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(15,323)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,795)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(13,798)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Net Realized Loss on Interest Rate &lt;br/&gt;&#160;&#160;Agreements Designated as Cash Flow Hedges&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Amortization of deferred loss&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,018&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;79&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,018&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;79&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="ib8ec02bff54e4042b0fd3a2022fd3801_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfNS00LTEtMS0w_e3bca678-30d3-43eb-8b4a-eb438edb47da"
      unitRef="usd">-374000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i31ce7aa274c74b09919a3ea3e73c8179_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfNS02LTEtMS0w_f70e1590-2d21-4fb8-b76c-8a5961799f8c"
      unitRef="usd">1525000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:RealizedInvestmentGainsLosses
      contextRef="ib8ec02bff54e4042b0fd3a2022fd3801_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfNi00LTEtMS0w_0c93ea39-362b-4751-8d4a-9ec418efae41"
      unitRef="usd">2421000</us-gaap:RealizedInvestmentGainsLosses>
    <us-gaap:RealizedInvestmentGainsLosses
      contextRef="i31ce7aa274c74b09919a3ea3e73c8179_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfNi02LTEtMS0w_310e76d4-064c-43ac-a45d-60a075da7504"
      unitRef="usd">15323000</us-gaap:RealizedInvestmentGainsLosses>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
      contextRef="ib8ec02bff54e4042b0fd3a2022fd3801_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfOC00LTEtMS0w_47ce85f4-6514-420a-990b-392b5f857f19"
      unitRef="usd">-2795000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
      contextRef="i31ce7aa274c74b09919a3ea3e73c8179_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfOC02LTEtMS0w_377c5e1d-f93d-4cb1-9c89-91503417ac08"
      unitRef="usd">-13798000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
    <us-gaap:InterestExpense
      contextRef="i5577374a8a654f47991d6d90f02cfe4e_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfMTAtNC0xLTEtMA_96aefab0-53f4-449c-95e8-d4dd53b75cc4"
      unitRef="usd">1018000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="ib6414a429ac34854bde155f4f8b20824_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfMTAtNi0xLTEtMA_6ac54bf9-27c2-45ef-a1fc-ed9e002ff58b"
      unitRef="usd">79000</us-gaap:InterestExpense>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
      contextRef="i5577374a8a654f47991d6d90f02cfe4e_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfMTEtNC0xLTEtMA_efa40cb2-05e9-4666-95da-b2332b2672e1"
      unitRef="usd">1018000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
      contextRef="ib6414a429ac34854bde155f4f8b20824_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOmI3ODI1MDg5NjE5MDQwNzZhOTY4NWRiMWE4NTU4MTJiL3RhYmxlcmFuZ2U6Yjc4MjUwODk2MTkwNDA3NmE5Njg1ZGIxYTg1NTgxMmJfMTEtNi0xLTEtMA_7e7d2b6f-bbfa-4af1-8bed-994f832346c6"
      unitRef="usd">79000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
    <rwt:StockIssuanceProgramAuthorizedAmount
      contextRef="i90db73dacb5d47b2b14ebbb2aa15a338_I20200331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMTA5OTUxMTYzNDAxNQ_c4f91999-7d80-4e48-a242-54b93754bb20"
      unitRef="usd">175000000</rwt:StockIssuanceProgramAuthorizedAmount>
    <rwt:StockIssuanceProgramRemainingAuthorizedIssuanceAmount
      contextRef="iaa546460d3074e9cb62f3f5a4e76618e_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMTA5OTUxMTYzNDI5OA_fef37de1-ff68-46e1-ba1d-01e851e5a323"
      unitRef="usd">110000000</rwt:StockIssuanceProgramRemainingAuthorizedIssuanceAmount>
    <us-gaap:StockIssuedDuringPeriodSharesNewIssues
      contextRef="i96f47396b08a4ca89e75b9b5eb9ab95f_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMjE5OTAyMzI2MTA4Ng_fb63f70a-9321-4dc5-8f89-37a5523d2c26"
      unitRef="shares">0</us-gaap:StockIssuedDuringPeriodSharesNewIssues>
    <rwt:StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan
      contextRef="i5bf3a8ad6789496288b3e5fab11519ee_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMTIxOA_6f48c1d1-8c53-45c9-b4c5-b96d75fc1b0c"
      unitRef="shares">0</rwt:StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan>
    <rwt:StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan
      contextRef="i9a879fb4d53a4ed7847790160db69378_D20200101-20200331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMTIxOA_b13943e4-7884-4d6d-bf4c-80787aa92640"
      unitRef="shares">0</rwt:StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan>
    <us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfNDAyNA_ab942c3d-882a-4032-afac-aebe7f0ea3a3">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table provides the basic and diluted earnings (loss) per common share computations for the three months ended March&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 17.3 &#x2013; Basic and Diluted Earnings (Loss) per Common Share&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:11pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:71.677%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.816%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:11.819%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands, except Share Data)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Basic Earnings (Loss) per Common Share:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income (loss) attributable to Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97,257&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(943,398)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Less: Dividends and undistributed earnings allocated to participating securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,294)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,209)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income (loss) allocated to common shareholders&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;93,963&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(944,607)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Basic weighted average common shares outstanding&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;112,276,842&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;114,076,568&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Basic Earnings (Loss) per Common Share&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.84&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(8.28)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Diluted Earnings (Loss) per Common Share:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income (loss) attributable to Redwood&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97,257&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(943,398)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Less: Dividends and undistributed earnings allocated to participating securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,951)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,209)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Add back: Interest expense on convertible notes for the period, net of tax&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,007&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income (loss) allocated to common shareholders&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;101,313&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(944,607)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Weighted average common shares outstanding&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;112,276,842&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;114,076,568&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net effect of dilutive equity awards&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;195,568&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net effect of assumed convertible notes conversion to common shares&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,566,875&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Diluted weighted average common shares outstanding&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;141,039,285&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;114,076,568&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Diluted Earnings (Loss) per Common Share&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.72&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(8.28)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock>
    <us-gaap:NetIncomeLoss
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMy0yLTEtMS0w_1b3210e7-4626-41b6-a3f2-f2be521cdfa0"
      unitRef="usd">97257000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMy00LTEtMS0w_49987de2-9ffc-4289-81af-3cc425cfd2d4"
      unitRef="usd">-943398000</us-gaap:NetIncomeLoss>
    <us-gaap:ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfNC0yLTEtMS0w_f5136e90-0e57-4329-bc9c-b623d09d278c"
      unitRef="usd">3294000</us-gaap:ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic>
    <us-gaap:ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfNC00LTEtMS0w_6722ed1e-c483-493a-85d0-a54d77564c3c"
      unitRef="usd">1209000</us-gaap:ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic>
    <us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfNS0yLTEtMS0w_ed4b2201-61ad-4e78-a0df-958d6530a240"
      unitRef="usd">93963000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
    <us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfNS00LTEtMS0w_e482f824-25e7-4da0-8b72-5a33c9ced20e"
      unitRef="usd">-944607000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="0"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfNi0yLTEtMS0w_3f78ee3d-daf0-4e44-8ef7-432616f34571"
      unitRef="shares">112276842</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="0"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfNi00LTEtMS0w_2a1d8a60-8c80-44fb-a739-b516ef756bdd"
      unitRef="shares">114076568</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:EarningsPerShareBasic
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfNy0yLTEtMS0w_501455d8-0f2e-47dc-8d32-c69cf728f92e"
      unitRef="usdPerShare">0.84</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareBasic
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfNy00LTEtMS0w_12b83ece-0cb0-4c0c-af5e-70b9b43756f4"
      unitRef="usdPerShare">-8.28</us-gaap:EarningsPerShareBasic>
    <us-gaap:NetIncomeLoss
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfOS0yLTEtMS0w_a1c30214-3e26-4436-a724-94d057add528"
      unitRef="usd">97257000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfOS00LTEtMS0w_4d0b9539-8c78-437b-9331-3fc8aaec46af"
      unitRef="usd">-943398000</us-gaap:NetIncomeLoss>
    <us-gaap:ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTAtMi0xLTEtMA_55597bda-3b76-4e27-8e5f-7228d363773f"
      unitRef="usd">2951000</us-gaap:ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted>
    <us-gaap:ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTAtNC0xLTEtMA_ccafac3e-13f5-4151-b3b8-08aac9220cd3"
      unitRef="usd">1209000</us-gaap:ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted>
    <rwt:InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTEtMi0xLTEtMA_3816f65e-d313-49b0-981b-880be3cff96f"
      unitRef="usd">7007000</rwt:InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax>
    <rwt:InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTEtNC0xLTEtMA_6d6544fa-83ec-4f2d-a17e-4db48f23c6be"
      unitRef="usd">0</rwt:InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax>
    <us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTItMi0xLTEtMA_335db06f-1faa-444f-be0c-21d29dbcb91b"
      unitRef="usd">101313000</us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted>
    <us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTItNC0xLTEtMA_57fbc5b8-8244-42c4-ba24-c0f1b1ba4f59"
      unitRef="usd">-944607000</us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted>
    <us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="0"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTMtMi0xLTEtMA_e2de8e29-297e-4675-821d-e55ad42be444"
      unitRef="shares">112276842</us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>
    <us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="0"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTMtNC0xLTEtMA_5f58a5cf-f58d-412d-91d5-753e3fe1d8db"
      unitRef="shares">114076568</us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>
    <us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="0"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTQtMi0xLTEtMA_5f8dfb24-9fd8-4070-883f-fdfd3ca771a3"
      unitRef="shares">195568</us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment>
    <us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="0"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTQtNC0xLTEtMA_11f034d6-4b34-40b6-ab29-ee673607ce09"
      unitRef="shares">0</us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment>
    <us-gaap:IncrementalCommonSharesAttributableToConversionOfDebtSecurities
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="0"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTUtMi0xLTEtMA_2faeec77-3718-4af7-8f21-19a6d5bb31af"
      unitRef="shares">28566875</us-gaap:IncrementalCommonSharesAttributableToConversionOfDebtSecurities>
    <us-gaap:IncrementalCommonSharesAttributableToConversionOfDebtSecurities
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="0"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTUtNC0xLTEtMA_73d373ca-8610-44d2-8e47-c703750f81a8"
      unitRef="shares">0</us-gaap:IncrementalCommonSharesAttributableToConversionOfDebtSecurities>
    <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="0"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTYtMi0xLTEtMA_7d497c7d-e7f1-436e-9825-1e635bfd277d"
      unitRef="shares">141039285</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
    <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="0"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTYtNC0xLTEtMA_40e90c34-41db-40c0-9c5a-eaee934b7b6a"
      unitRef="shares">114076568</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
    <us-gaap:EarningsPerShareDiluted
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTctMi0xLTEtMA_41bcc0f9-3776-474a-a720-7664d9f10afc"
      unitRef="usdPerShare">0.72</us-gaap:EarningsPerShareDiluted>
    <us-gaap:EarningsPerShareDiluted
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="2"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RhYmxlOjM4MjE4ZjhjZTE0YzQwN2I5NDkzM2VmNWI1YjlhOWY3L3RhYmxlcmFuZ2U6MzgyMThmOGNlMTRjNDA3Yjk0OTMzZWY1YjViOWE5ZjdfMTctNC0xLTEtMA_c539276b-9e4d-41bc-8eca-f48fde0ba021"
      unitRef="usdPerShare">-8.28</us-gaap:EarningsPerShareDiluted>
    <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
      contextRef="ida937d5019114f1d8e5ac2e8ccd82964_D20200101-20200331"
      decimals="-5"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMjk0NA_3831d5d7-3190-4d52-b565-79545a6d03e5"
      unitRef="shares">35400000</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
    <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
      contextRef="ieceb2fe3b9894abc96c3fc72b06a5e83_D20210101-20210331"
      decimals="0"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMzIwOA_28b7c265-4d51-412b-a005-936ab4d0922e"
      unitRef="shares">15460</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
    <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
      contextRef="if1646945f0f74afcb2da378cf70d6641_D20200101-20200331"
      decimals="0"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMTA5OTUxMTYzMjU5NQ_4d225b81-261a-4fcf-8bab-edec33fa0238"
      unitRef="shares">21249</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
    <us-gaap:StockRepurchaseProgramAuthorizedAmount1
      contextRef="i58c0e645ed7549859a09fd9905db4fe6_I20180228"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMzU3Mw_30d18cc2-620f-4f63-8f12-a6aa43e5396e"
      unitRef="usd">100000000</us-gaap:StockRepurchaseProgramAuthorizedAmount1>
    <us-gaap:StockRepurchasedDuringPeriodShares
      contextRef="icc51e911b2304b3a96cb7a5508b85f72_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMTA5OTUxMTYzMjcwNw_40b6739f-632c-4fbb-a6ce-faab2d0dc883"
      unitRef="shares">0</us-gaap:StockRepurchasedDuringPeriodShares>
    <us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
      contextRef="ida746b21d8c441e2b772acefee3d9e60_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85Ny9mcmFnOjc1NmE3MmQyMDQ5NjRhZTE5MDY4ZGM3ZmU0ZTM5MjRkL3RleHRyZWdpb246NzU2YTcyZDIwNDk2NGFlMTkwNjhkYzdmZTRlMzkyNGRfMzgxOA_48b16c28-f595-4802-8ced-e6928c2760e5"
      unitRef="usd">78000000</us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1>
    <us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzI1NDA_9853a27e-ba13-494e-bd50-a8c57d9e58f0">Equity Compensation Plans&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;At March&#160;31, 2021 and December&#160;31, 2020, 7,540,310 and 7,957,891 shares of common stock, respectively, were available for grant under our Incentive Plan. The unamortized compensation cost of awards issued under the Incentive Plan, which are settled by delivery of shares of common stock and purchases under the Employee Stock Purchase Plan, totaled $29 million at March&#160;31, 2021, as shown in the following table.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 18.1 &#x2013; Activities of Equity Compensation Costs by Award Type &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:28.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.876%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Restricted Stock Awards&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Restricted Stock Units&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Deferred Stock Units&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Performance Stock Units&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Employee Stock Purchase Plan&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unrecognized compensation cost at beginning of period&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;564&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,540&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,766&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,794&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;27,664&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Equity grants&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,370&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,641&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;259&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,270&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Equity grant forfeitures&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(591)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(550)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,143)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Equity compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(167)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(307)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,761)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(586)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(65)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,886)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Unrecognized Compensation Cost at End of Period&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;395&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,012&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,096&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,208&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,905&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;At March&#160;31, 2021, the weighted average amortization period remaining for all of our equity awards was one year.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Restricted Stock Awards ("RSAs")&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;At March&#160;31, 2021 and December&#160;31, 2020, there were 30,119 and 78,998 shares, respectively, of RSAs outstanding. Restrictions on these shares lapse through 2022. During the three months ended March&#160;31, 2021, there were no RSAs granted, restrictions on 48,879 RSAs lapsed and those shares were distributed, and no RSAs were forfeited.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Restricted Stock Units ("RSUs")&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;At March&#160;31, 2021 and December&#160;31, 2020, there were 458,554 and 282,424 shares, respectively, of RSUs outstanding. Restrictions on these shares lapse through 2025. During the three months ended March&#160;31, 2021, there were 272,261 RSUs granted, 58,899 RSUs distributed, and 37,232 RSUs forfeited.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Deferred Stock Units (&#x201c;DSUs&#x201d;)&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;At March&#160;31, 2021 and December&#160;31, 2020, there were 2,963,453 and 2,805,144 DSUs, respectively, outstanding of which 1,248,084 and 1,206,125, respectively, had vested. During the three months ended March&#160;31, 2021, there were 312,045 DSUs granted, 122,575 DSUs distributed, and 31,161 DSUs forfeited. Unvested DSUs at March&#160;31, 2021 vest through 2025. &lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Performance Stock Units (&#x201c;PSUs&#x201d;)&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;At both March&#160;31, 2021 and December&#160;31, 2020, the target number of PSUs that were unvested was 978,735. During the three months ended March&#160;31, 2021, no PSUs were forfeited. Vesting for all PSUs will generally occur at the end of three years from their grant date based on various Total Shareholder Return ("TSR") performance calculations, as discussed in our Annual Report on Form 10-K for the year ended December&#160;31, 2020. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Employee Stock Purchase Plan ("ESPP")&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The ESPP allows a maximum of 600,000 shares of common stock to be purchased in aggregate for all employees. As of March&#160;31, 2021 and December&#160;31, 2020, 505,346 and 489,886 shares had been purchased, respectively, and there remained a negligible amount of uninvested employee contributions in the ESPP at March&#160;31, 2021.&lt;/span&gt;&lt;/div&gt;</us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
      contextRef="i8d87ab0dbdbf4f178ea794db0efc58ee_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzU0_be4bf8ea-d116-4a11-9727-e38afa456c84"
      unitRef="shares">7540310</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
      contextRef="i9a95005df8ff43bc8bf295ee6cc3d3c1_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzYx_a4513add-b03b-44e2-9fdd-a796863d90d6"
      unitRef="shares">7957891</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant>
    <us-gaap:ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzI1Mzg_47a0f0bf-cfbc-4fa2-abec-3a780bdbc04e">The unamortized compensation cost of awards issued under the Incentive Plan, which are settled by delivery of shares of common stock and purchases under the Employee Stock Purchase Plan, totaled $29 million at March&#160;31, 2021, as shown in the following table.&lt;div style="margin-top:8pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 18.1 &#x2013; Activities of Equity Compensation Costs by Award Type &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:28.900%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.872%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.876%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Restricted Stock Awards&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Restricted Stock Units&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Deferred Stock Units&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Performance Stock Units&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Employee Stock Purchase Plan&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Unrecognized compensation cost at beginning of period&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;564&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,540&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,766&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,794&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;27,664&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Equity grants&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,370&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,641&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;259&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,270&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Equity grant forfeitures&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(591)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(550)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,143)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"&gt;Equity compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(167)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(307)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,761)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(586)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(65)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,886)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%"&gt;Unrecognized Compensation Cost at End of Period&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;395&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,012&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,096&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,208&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,905&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzQzMQ_cf52460d-6251-4f80-bfe5-35af0fe5c621"
      unitRef="usd">29000000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
      contextRef="i9b0995baa4dd4e6e9501b82ddba185c2_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzItNC0xLTEtMA_5b9f886c-f595-434d-be56-326031b800f9"
      unitRef="usd">564000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
      contextRef="i14de137a4b2f49239a8dc700e6d3d0c6_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzItNi0xLTEtMA_aa7e162e-fec5-4989-bc6a-591e85d56dcd"
      unitRef="usd">3540000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
      contextRef="ieec932e98aa94b5faa6292f0db3871bb_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzItOC0xLTEtMA_c8974cca-4bd1-4277-a3ec-e0e2849915c5"
      unitRef="usd">17766000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
      contextRef="icdcd35a3c45e455cbca21a8974ec0abb_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzItMTAtMS0xLTA_b267e9b8-98aa-4667-9b0e-cfc0b959bbf7"
      unitRef="usd">5794000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
      contextRef="i0b83629ac70a4211b4e212d74ce4bc4a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzItMTItMS0xLTA_a4725655-62b2-41c6-9b17-9613d054f1b7"
      unitRef="usd">0</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzItMTQtMS0xLTA_0eff0b3e-fa7a-4be8-828e-5cefdc2e49de"
      unitRef="usd">27664000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
    <us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
      contextRef="i141a563f32ad4ba1a026faf759ada2f5_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzMtNC0xLTEtMA_ff53eace-b05f-4388-9b7f-d6625d285773"
      unitRef="usd">0</us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount>
    <us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
      contextRef="ibc7e68ec47fd478a846d8c26807278dd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzMtNi0xLTEtMA_e5b34f89-4fa9-4949-a651-c8598a673524"
      unitRef="usd">2370000</us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount>
    <us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
      contextRef="ic01cb7a34e264e1ead32c22b5cc05300_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzMtOC0xLTEtMA_af7d13fb-71cf-4a8a-91b7-9f8255680aed"
      unitRef="usd">2641000</us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount>
    <us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
      contextRef="ia1e11f7eb6d1461caa320620314d3507_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzMtMTAtMS0xLTA_82d58c4d-36f2-4ce7-8a0d-a8658eea38d7"
      unitRef="usd">0</us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount>
    <us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
      contextRef="i728f66c7c433487a8a60101153ca4585_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzMtMTItMS0xLTA_5f3afd66-3a55-420c-a9b3-f99040d1156a"
      unitRef="usd">259000</us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount>
    <us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzMtMTQtMS0xLTA_1853ad9c-e8c1-4987-b9c9-b161aca6eade"
      unitRef="usd">5270000</us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount>
    <rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures
      contextRef="i141a563f32ad4ba1a026faf759ada2f5_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzUtNC0xLTEtMA_940e7d1d-3085-484f-93e3-c9d5877799e3"
      unitRef="usd">2000</rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures>
    <rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures
      contextRef="ibc7e68ec47fd478a846d8c26807278dd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzUtNi0xLTEtMA_e03accd7-2ca2-48ce-a8b8-a3792f4d9a89"
      unitRef="usd">591000</rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures>
    <rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures
      contextRef="ic01cb7a34e264e1ead32c22b5cc05300_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzUtOC0xLTEtMA_571f72f7-f036-4482-ac5f-f186c734a644"
      unitRef="usd">550000</rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures>
    <rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures
      contextRef="ia1e11f7eb6d1461caa320620314d3507_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzUtMTAtMS0xLTA_e04450ed-a388-41c7-aa47-cf8778f85f6b"
      unitRef="usd">0</rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures>
    <rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures
      contextRef="i728f66c7c433487a8a60101153ca4585_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzUtMTItMS0xLTA_fc6eb09b-132f-4b5e-91a2-b9427c6cc400"
      unitRef="usd">0</rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures>
    <rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzUtMTQtMS0xLTA_55a84705-ded6-42ca-af43-b9e10e81593a"
      unitRef="usd">1143000</rwt:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures>
    <rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring
      contextRef="i141a563f32ad4ba1a026faf759ada2f5_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzYtNC0xLTEtMA_ae8f6788-6a00-40e5-9608-eb6e4078ba8d"
      unitRef="usd">167000</rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring>
    <rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring
      contextRef="ibc7e68ec47fd478a846d8c26807278dd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzYtNi0xLTEtMA_44e0350e-f3ca-45d5-adf2-8c4477b5ee07"
      unitRef="usd">307000</rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring>
    <rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring
      contextRef="ic01cb7a34e264e1ead32c22b5cc05300_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzYtOC0xLTEtMA_210b3a6f-fd59-4db0-b3fd-ef46b978bb29"
      unitRef="usd">1761000</rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring>
    <rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring
      contextRef="ia1e11f7eb6d1461caa320620314d3507_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzYtMTAtMS0xLTA_2868a8a1-03d2-4a30-a427-9585853f7f79"
      unitRef="usd">586000</rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring>
    <rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring
      contextRef="i728f66c7c433487a8a60101153ca4585_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzYtMTItMS0xLTA_ca1315f5-6a08-43a8-b0f5-476956719efc"
      unitRef="usd">65000</rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring>
    <rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzYtMTQtMS0xLTA_010bb673-2220-455c-9212-bd4c4fe72b4a"
      unitRef="usd">2886000</rwt:AllocatedSharebasedCompensationExpenseIncludingRestructuring>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
      contextRef="i1444d71b9ae940a4a2fdf367ff9c2bf1_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzctNC0xLTEtMA_313607d5-5cd3-4433-9707-8b75143e866a"
      unitRef="usd">395000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
      contextRef="i24df6eec77f441e8aba24e473edc216f_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzctNi0xLTEtMA_43d2815b-77bc-4da8-9187-e06d1a78e5af"
      unitRef="usd">5012000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
      contextRef="i4976fc5085874fddbe4f5ec85c4e53a8_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzctOC0xLTEtMA_d2c73c2e-4b61-40a3-a3e0-76d6635e6c03"
      unitRef="usd">18096000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
      contextRef="i650feeffa8cb4682b37a39708ca269b9_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzctMTAtMS0xLTA_b1520967-371e-464c-9495-f76b99bd2002"
      unitRef="usd">5208000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
      contextRef="i31b4277915904da0be47b9bec39e35d1_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzctMTItMS0xLTA_32baa6aa-d65c-4acd-bb8e-bbbcdf7f57d1"
      unitRef="usd">194000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90YWJsZTpkNjY5ZWJlNDlhMDE0YTEyODBjZjIxOWZjNTYyN2QwNS90YWJsZXJhbmdlOmQ2NjllYmU0OWEwMTRhMTI4MGNmMjE5ZmM1NjI3ZDA1XzctMTQtMS0xLTA_85ee6c48-b0da-4e68-8bed-36bb0614649a"
      unitRef="usd">28905000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzYzNg_ce36d27d-d86b-4341-b39d-f2eefaa713e6">P1Y</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
      contextRef="i09cfbe81a2eb4afd9498bff68106c7e0_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzY5OQ_756293f4-769f-4d58-93d0-5b791e00c715"
      unitRef="shares">30119</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
      contextRef="i992447069ee64e4fb91abf8e1ee60a5a_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzcwNg_2220b681-5940-4c3d-a409-8b655b6c0287"
      unitRef="shares">78998</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
      contextRef="ibf9b96d3be8046ec9c3f4b704cd8dab6_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5Xzg0MQ_5010e1c8-6219-4084-a778-09e554700741"
      unitRef="shares">0</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
      contextRef="ibf9b96d3be8046ec9c3f4b704cd8dab6_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5Xzg3NA_39625e0e-24cc-4062-9b1b-8b9ad467641b"
      unitRef="shares">48879</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
      contextRef="ibf9b96d3be8046ec9c3f4b704cd8dab6_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzkyOA_14e4ad5f-400d-4ba4-ab54-e27bd3f04dbf"
      unitRef="shares">0</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
      contextRef="if817ae3b313846f68840d39f91092c41_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzEwMDk_e814044e-6983-49db-939d-4143949d81ab"
      unitRef="shares">458554</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
      contextRef="if957ed004687443f85fed3c992419b7e_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzEwMTY_67fdd370-4085-483b-b50a-7155f0dcdde4"
      unitRef="shares">282424</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
      contextRef="i9a2ad723983f4e0b8fffdc61b0fb797a_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzExNTE_dc5147ad-5c5c-4e21-a910-2e9e155a9d00"
      unitRef="shares">272261</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
      contextRef="i9a2ad723983f4e0b8fffdc61b0fb797a_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzExNjg_21f46115-41f4-41f5-bcbd-9632af8a8f5f"
      unitRef="shares">58899</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
      contextRef="i9a2ad723983f4e0b8fffdc61b0fb797a_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzExOTM_6601b7a0-d16e-4199-9001-fe4da4ed731c"
      unitRef="shares">37232</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
      contextRef="i82a6237c4b7f47d882f54745aecc0a9a_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzEyNjc_422cbf12-11b0-45f1-b286-1ea842f61304"
      unitRef="shares">2963453</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
      contextRef="i4c843f24a55448a2976742a56ab11dde_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzEyNzQ_fb3d7aa7-9808-40ac-8fb9-41a177d36961"
      unitRef="shares">2805144</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
      contextRef="ie33ef02612ed4084acf36cf4dc6b3b47_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzEzMTg_b66d9687-80b2-4d9b-82ad-04baf105438a"
      unitRef="shares">1248084</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
      contextRef="ibdea8f87b07048f7b635ff2c788801e3_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzEzMjU_3644a68c-69a9-4427-a440-74b2c5c32f57"
      unitRef="shares">1206125</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
      contextRef="ie33ef02612ed4084acf36cf4dc6b3b47_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzEzOTc_56eb5ef6-966f-4bb3-9439-baa912766c80"
      unitRef="shares">312045</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod>
    <rwt:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod
      contextRef="ie33ef02612ed4084acf36cf4dc6b3b47_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzE0MTQ_0b03ece1-867e-4a18-b54d-e14aca2c270f"
      unitRef="shares">122575</rwt:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
      contextRef="ie33ef02612ed4084acf36cf4dc6b3b47_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzE0Mzk_6b66214c-ea9b-4ce6-b095-7e14cd8b044e"
      unitRef="shares">31161</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
      contextRef="ideaea727bed84387acb819cdcbb6233d_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzE1OTM_1735a4bc-abb3-4b41-a8c8-8bd6bbefb412"
      unitRef="shares">978735</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
      contextRef="ic4df3e571d8e48289f6fe339f38ce76a_I20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzE1OTM_19a8fc29-019e-42cc-a933-c26f878c2e73"
      unitRef="shares">978735</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
      contextRef="i52620719f646478ea85eb87714fb56f5_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzE2NTE_6593b173-5a81-4477-99cb-2f0df7bf858c"
      unitRef="shares">0</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
      contextRef="i52620719f646478ea85eb87714fb56f5_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzE3MzE_373d737d-5865-427b-b220-a4ba9692baa3">P3Y</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1>
    <rwt:EmployeeStockPurchasePlanNumberOfSharesAuthorized
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzIyODU_f6cc3b09-1cef-480a-8f49-4fbb143c8a71"
      unitRef="shares">600000</rwt:EmployeeStockPurchasePlanNumberOfSharesAuthorized>
    <rwt:EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzIzNzY_da9101ff-0436-4a73-9593-1d144e3c1491"
      unitRef="shares">505346</rwt:EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee>
    <rwt:EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee
      contextRef="ia7b73769c0b148a7ba444b2b57d4375d_D20200101-20201231"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDAvZnJhZzpiYWJjNDRhMTc1ZjU0NWJmOTUyOWNiMzIzNmFmN2JkOS90ZXh0cmVnaW9uOmJhYmM0NGExNzVmNTQ1YmY5NTI5Y2IzMjM2YWY3YmQ5XzIzODM_a94793f0-9cf2-41c5-a477-bfec032bee9b"
      unitRef="shares">489886</rwt:EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee>
    <rwt:MortgageBankingAndInvestingActivitiesDisclosureTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90ZXh0cmVnaW9uOmJjNmRmYjZkNmEzNzRjOGRiOGRkNTVjYWFiZTczNjU0Xzg4NA_c73d32c1-d4c1-41b7-a6d8-0322d84c891f">Mortgage Banking Activities, Net&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;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&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 19.1 &#x2013; Mortgage Banking Activities &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:70.844%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.235%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Residential Mortgage Banking Activities, Net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Changes in fair value of:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loans, at fair value &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(29,273)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,955&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trading securities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;721&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Risk management derivatives &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;88,964&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(31,294)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other income (expense), net &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(4)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,023&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;258&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total residential mortgage banking activities, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;61,435&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(23,081)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Business Purpose Mortgage Banking Activities, Net:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Changes in fair value of:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Single-family rental loans, at fair value &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,248&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,808&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Risk management derivatives&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,858&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(21,538)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Bridge loans, at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,044&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,934)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other income, net &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(5)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,022&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,843&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total business purpose mortgage banking activities, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,172&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(5,821)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Mortgage Banking Activities, Net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;82,607&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(28,902)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;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.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Represents fair value changes on trading securities that are being used as hedges to manage the mark-to-market risks associated with our residential mortgage banking operations.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(3)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Represents market valuation changes of derivatives that were used to manage risks associated with our mortgage banking operations. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(4)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Amounts in this line item include other fee income from loan acquisitions and provisions for repurchase expense, presented net.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(5)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Amounts in this line item include other fee income from loan originations.&lt;/span&gt;&lt;/div&gt;</rwt:MortgageBankingAndInvestingActivitiesDisclosureTextBlock>
    <rwt:IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90ZXh0cmVnaW9uOmJjNmRmYjZkNmEzNzRjOGRiOGRkNTVjYWFiZTczNjU0Xzg4Mg_a28a4147-1b6c-467a-9c03-b34c758039f5">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;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&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 19.1 &#x2013; Mortgage Banking Activities &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:70.844%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.235%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Residential Mortgage Banking Activities, Net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Changes in fair value of:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loans, at fair value &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(29,273)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,955&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trading securities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;721&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Risk management derivatives &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;88,964&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(31,294)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other income (expense), net &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(4)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,023&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;258&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total residential mortgage banking activities, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;61,435&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(23,081)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Business Purpose Mortgage Banking Activities, Net:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Changes in fair value of:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Single-family rental loans, at fair value &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,248&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,808&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Risk management derivatives&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (3)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,858&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(21,538)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Bridge loans, at fair value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,044&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,934)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other income, net &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(5)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,022&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,843&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total business purpose mortgage banking activities, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,172&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(5,821)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Mortgage Banking Activities, Net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;82,607&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(28,902)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;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.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Represents fair value changes on trading securities that are being used as hedges to manage the mark-to-market risks associated with our residential mortgage banking operations.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(3)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Represents market valuation changes of derivatives that were used to manage risks associated with our mortgage banking operations. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(4)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Amounts in this line item include other fee income from loan acquisitions and provisions for repurchase expense, presented net.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(5)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Amounts in this line item include other fee income from loan originations.&lt;/span&gt;&lt;/div&gt;</rwt:IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i5ae1a0b112af436496dd2c9a6cc55806_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzQtMi0xLTEtMA_cadca399-3105-4d6e-828e-ead65ab7f25c"
      unitRef="usd">-29273000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="if44aeb38133e45ce80a4f0e328dee8b7_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzQtNC0xLTEtMA_49ff078a-b7de-4783-aade-519919d6012e"
      unitRef="usd">7955000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i905cc8febcd642e2942b6d71d888a796_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzUtMi0xLTEtMTk4Mw_3bfdfa04-8205-478f-97fc-f5fef66025a0"
      unitRef="usd">721000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i23c68b96097d4e44bd61019b72e212b8_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzUtNC0xLTEtMTk4Mw_4c18e778-dd33-4129-80a9-fb4fbb24de41"
      unitRef="usd">0</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <us-gaap:IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1
      contextRef="i9f95ef74f7604233be887aa908faf649_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzUtMi0xLTEtMA_53a89cea-c6ee-4fab-b18b-6f58d3dacca8"
      unitRef="usd">88964000</us-gaap:IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1>
    <us-gaap:IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1
      contextRef="i5e0e6edead66488595680aae622af0c6_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzUtNC0xLTEtMA_8a4ddc8a-00bf-4228-a824-4c1a51d9560e"
      unitRef="usd">-31294000</us-gaap:IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1>
    <us-gaap:OtherIncome
      contextRef="i41bed9ae9f99468c8f24484ad9d49fe3_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzYtMi0xLTEtMA_ba8d3b53-a6ae-42d5-b95e-233db5a3c40e"
      unitRef="usd">1023000</us-gaap:OtherIncome>
    <us-gaap:OtherIncome
      contextRef="ia6f55c0d27974e2f8a3fc60e7ae8ee1a_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzYtNC0xLTEtMA_7d68d9d5-d459-4f67-ac3e-daa059a90574"
      unitRef="usd">258000</us-gaap:OtherIncome>
    <rwt:MortgageBankingActivitiesNet
      contextRef="i41bed9ae9f99468c8f24484ad9d49fe3_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzctMi0xLTEtMA_515649ba-5c21-42cd-80d0-030781d85a41"
      unitRef="usd">61435000</rwt:MortgageBankingActivitiesNet>
    <rwt:MortgageBankingActivitiesNet
      contextRef="ia6f55c0d27974e2f8a3fc60e7ae8ee1a_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzctNC0xLTEtMA_8a11e288-5483-4c9e-9ade-bcb0edaf42ad"
      unitRef="usd">-23081000</rwt:MortgageBankingActivitiesNet>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i40c1fe6d201342a4b505cdad6e3f061f_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzExLTItMS0xLTA_15d74479-35ff-4606-9b08-8a6da764c982"
      unitRef="usd">10248000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i3a4675da50e3489681caa735bc225efc_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzExLTQtMS0xLTA_650dd740-3c4e-4828-b321-41c69ce87757"
      unitRef="usd">11808000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <us-gaap:IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1
      contextRef="i726353e05a8242baa7e78d501379149b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzEyLTItMS0xLTA_e9077b07-a6e8-4553-9c15-7dab3742c9c5"
      unitRef="usd">3858000</us-gaap:IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1>
    <us-gaap:IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1
      contextRef="i1f8adac52b764e698d1998f7c353f113_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzEyLTQtMS0xLTA_f076c8cb-f317-4786-a7eb-b68e75b482f7"
      unitRef="usd">-21538000</us-gaap:IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i9acbfa4453ec41c1a5ef48c7c0483ab4_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzEzLTItMS0xLTA_e8454b6e-4f48-474d-b39a-bcb8c94022b2"
      unitRef="usd">1044000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets
      contextRef="i9db5afe1b58e4092bfa181457651b4e7_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzEzLTQtMS0xLTA_b3678055-b4f5-4d55-a8ac-ebd67879fbe3"
      unitRef="usd">-3934000</rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets>
    <us-gaap:OtherIncome
      contextRef="i9acbfa4453ec41c1a5ef48c7c0483ab4_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzE0LTItMS0xLTA_4886b3cb-24a0-4b85-8ed3-83719e498193"
      unitRef="usd">6022000</us-gaap:OtherIncome>
    <us-gaap:OtherIncome
      contextRef="i9db5afe1b58e4092bfa181457651b4e7_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzE0LTQtMS0xLTA_80ac0646-7ccf-4b18-903d-a897cff5ed28"
      unitRef="usd">7843000</us-gaap:OtherIncome>
    <rwt:MortgageBankingActivitiesNet
      contextRef="i9acbfa4453ec41c1a5ef48c7c0483ab4_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzE1LTItMS0xLTA_0dbd4d7b-e221-449d-bf2a-cfd79ae219d7"
      unitRef="usd">21172000</rwt:MortgageBankingActivitiesNet>
    <rwt:MortgageBankingActivitiesNet
      contextRef="i9db5afe1b58e4092bfa181457651b4e7_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzE1LTQtMS0xLTA_48552e42-e6af-448b-a243-95c3b1b93f55"
      unitRef="usd">-5821000</rwt:MortgageBankingActivitiesNet>
    <rwt:MortgageBankingActivitiesNet
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzE2LTItMS0xLTA_48c51b25-1596-472c-aae7-890d84810045"
      unitRef="usd">82607000</rwt:MortgageBankingActivitiesNet>
    <rwt:MortgageBankingActivitiesNet
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDMvZnJhZzpiYzZkZmI2ZDZhMzc0YzhkYjhkZDU1Y2FhYmU3MzY1NC90YWJsZTpkMGZmNDNhY2E0OTc0ZDkzOGU2YmQyYjhlNzcwZGUzMy90YWJsZXJhbmdlOmQwZmY0M2FjYTQ5NzRkOTM4ZTZiZDJiOGU3NzBkZTMzXzE2LTQtMS0xLTA_80442472-e170-4130-900a-8978350706e5"
      unitRef="usd">-28902000</rwt:MortgageBankingActivitiesNet>
    <us-gaap:InterestAndOtherIncomeTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90ZXh0cmVnaW9uOjQxMWVlYjBjZDIwNDQ0ODc4OTIzNWM2ZDI0NzAzNDA2XzIwOA_7886fd95-4e98-49dd-8338-c9e11e9d1a80">Other Income&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the components of Other income recorded in our consolidated statements of income (loss) for the three months ended March&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 20.1 &#x2013; Other Income&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:71.122%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.096%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;MSR income (loss), net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;697&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,809)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Risk share income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;765&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;FHLBC capital stock dividend&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;547&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Equity investment income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;848&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loan extension fees&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;421&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,818&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,577&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Other Income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,843&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,928&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:InterestAndOtherIncomeTextBlock>
    <us-gaap:InterestAndOtherIncomeTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90ZXh0cmVnaW9uOjQxMWVlYjBjZDIwNDQ0ODc4OTIzNWM2ZDI0NzAzNDA2XzIwOQ_9935bc87-e26a-460b-843f-a1c556c509ce">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the components of Other income recorded in our consolidated statements of income (loss) for the three months ended March&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 20.1 &#x2013; Other Income&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:71.122%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.096%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;MSR income (loss), net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;697&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,809)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Risk share income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;765&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;FHLBC capital stock dividend&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;547&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Equity investment income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;848&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loan extension fees&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;421&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,818&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,577&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Other Income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,843&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,928&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:InterestAndOtherIncomeTableTextBlock>
    <rwt:MortgageServicingRightsIncomeLossNet
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzItMi0xLTEtMA_d019f788-cbfc-42d4-95ce-860a3d99c9bf"
      unitRef="usd">697000</rwt:MortgageServicingRightsIncomeLossNet>
    <rwt:MortgageServicingRightsIncomeLossNet
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzItNC0xLTEtMA_ae5a9406-ad11-44b9-860b-24cbb6bcabf6"
      unitRef="usd">-1809000</rwt:MortgageServicingRightsIncomeLossNet>
    <rwt:FeeIncomeRiskSharingAgreement
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzMtMi0xLTEtMA_7b660c3b-fb3e-450f-b925-c70c3a6463e4"
      unitRef="usd">882000</rwt:FeeIncomeRiskSharingAgreement>
    <rwt:FeeIncomeRiskSharingAgreement
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzMtNC0xLTEtMA_22557874-ca0a-4018-938c-80f1d01a3375"
      unitRef="usd">765000</rwt:FeeIncomeRiskSharingAgreement>
    <rwt:FHLBCCapitalStockDividend
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzQtMi0xLTEtMA_fe5e21c1-9d3a-424a-9cd9-ce3c71ae8638"
      unitRef="usd">25000</rwt:FHLBCCapitalStockDividend>
    <rwt:FHLBCCapitalStockDividend
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzQtNC0xLTEtMA_56c8fa7f-c1a2-4109-b4ec-164d35812940"
      unitRef="usd">547000</rwt:FHLBCCapitalStockDividend>
    <us-gaap:IncomeLossFromEquityMethodInvestments
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzUtMi0xLTEtMA_3aca1b5d-3666-4705-8cb8-47c1359935f2"
      unitRef="usd">0</us-gaap:IncomeLossFromEquityMethodInvestments>
    <us-gaap:IncomeLossFromEquityMethodInvestments
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzUtNC0xLTEtMA_0f2fed1c-a59d-4add-bb43-d3c5759195d2"
      unitRef="usd">848000</us-gaap:IncomeLossFromEquityMethodInvestments>
    <us-gaap:InterestAndFeeIncomeLoansAndLeases
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzYtMi0xLTEtNjQyOQ_97f6042c-0837-46a4-beb3-9f86509ae1a6"
      unitRef="usd">421000</us-gaap:InterestAndFeeIncomeLoansAndLeases>
    <us-gaap:InterestAndFeeIncomeLoansAndLeases
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzYtNC0xLTEtNjQyOQ_5664d003-c23f-47e7-976e-4b81870780fb"
      unitRef="usd">0</us-gaap:InterestAndFeeIncomeLoansAndLeases>
    <us-gaap:OtherNonoperatingIncomeExpense
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzgtMi0xLTEtMA_d2fd8439-6986-4bca-b949-65e7a1d892b8"
      unitRef="usd">1818000</us-gaap:OtherNonoperatingIncomeExpense>
    <us-gaap:OtherNonoperatingIncomeExpense
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzgtNC0xLTEtMA_27aae2be-5e49-4a69-b351-d4b818ae48db"
      unitRef="usd">2577000</us-gaap:OtherNonoperatingIncomeExpense>
    <us-gaap:OtherIncome
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzktMi0xLTEtMA_6103bf83-c35d-4fdb-a408-d3da463456b9"
      unitRef="usd">3843000</us-gaap:OtherIncome>
    <us-gaap:OtherIncome
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMDkvZnJhZzo0MTFlZWIwY2QyMDQ0NDg3ODkyMzVjNmQyNDcwMzQwNi90YWJsZTo5ZTdlOWQyOTIzMGE0NDU0YmY2M2ZiYTEzMzlkZWI0OC90YWJsZXJhbmdlOjllN2U5ZDI5MjMwYTQ0NTRiZjYzZmJhMTMzOWRlYjQ4XzktNC0xLTEtMA_be4aebd4-b940-4a29-a08d-c86684b3f76b"
      unitRef="usd">2928000</us-gaap:OtherIncome>
    <us-gaap:OtherIncomeAndOtherExpenseDisclosureTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90ZXh0cmVnaW9uOjViYjYyOWQ4ZDc4ZDQ5NmE5ZGJjYzc3NGRhNDcyY2MwXzIyMTc_6898d121-f551-4802-892d-46f8dbd7eed2">General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Components of our general and administrative expenses, loan acquisition costs, and other expenses for the three months ended March&#160;31, 2021 and 2020 are presented in the following table.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 21.1 &#x2013; Components of General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:71.122%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.096%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;General and Administrative Expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Fixed compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,805&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,684&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Annual variable compensation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,669&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Long-term incentive award expense &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,169&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,995&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Acquisition-related equity compensation expense &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,212&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,212&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Systems and consulting&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,977&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,212&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Office costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,808&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,108&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accounting and legal&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;714&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,216&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Corporate costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;691&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;671&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,506&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,573&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total General and Administrative Expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;43,551&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,682&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Loan Acquisition Costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Commissions&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,263&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,788&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Underwriting costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,685&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,662&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Transfer and holding costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;611&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;536&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Loan Acquisition Costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,559&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,986&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Other Expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Goodwill impairment expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;88,675&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Amortization of purchase-related intangible assets &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,873&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,309&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;223&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,569)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Other Expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,096&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;91,415&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;51,206&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;124,083&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;For the three months ended March 31, 2021, long-term incentive award expense includes $3 million of expense for awards settleable in shares of our common stock and $1 million of expense for awards settleable in cash.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Acquisition-related equity compensation expense relates to 588,260 shares of restricted stock that were issued to members of CoreVest management as a component of the consideration paid to them for our purchase of their interests in CoreVest. The grant date fair value of these restricted stock awards was $10 million, which is being recognized as compensation expense over the two-year vesting period on a straight-line basis in accordance with GAAP.&lt;/span&gt;&lt;/div&gt;</us-gaap:OtherIncomeAndOtherExpenseDisclosureTextBlock>
    <us-gaap:ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90ZXh0cmVnaW9uOjViYjYyOWQ4ZDc4ZDQ5NmE5ZGJjYzc3NGRhNDcyY2MwXzIyMTU_fe744444-8d7a-474a-827d-ebdabe5314db">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Components of our general and administrative expenses, loan acquisition costs, and other expenses for the three months ended March&#160;31, 2021 and 2020 are presented in the following table.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 21.1 &#x2013; Components of General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:13pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:71.122%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.094%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:12.096%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;General and Administrative Expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Fixed compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,805&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,684&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Annual variable compensation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,669&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Long-term incentive award expense &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,169&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,995&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Acquisition-related equity compensation expense &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,212&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,212&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Systems and consulting&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,977&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,212&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Office costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,808&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,108&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accounting and legal&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;714&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,216&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Corporate costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;691&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;671&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,506&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,573&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total General and Administrative Expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;43,551&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,682&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Loan Acquisition Costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Commissions&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,263&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,788&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Underwriting costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,685&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,662&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Transfer and holding costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;611&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;536&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Loan Acquisition Costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,559&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,986&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Other Expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Goodwill impairment expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;88,675&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Amortization of purchase-related intangible assets &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,873&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,309&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;223&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,569)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total Other Expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,096&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;91,415&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;51,206&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;124,083&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;For the three months ended March 31, 2021, long-term incentive award expense includes $3 million of expense for awards settleable in shares of our common stock and $1 million of expense for awards settleable in cash.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt"&gt;Acquisition-related equity compensation expense relates to 588,260 shares of restricted stock that were issued to members of CoreVest management as a component of the consideration paid to them for our purchase of their interests in CoreVest. The grant date fair value of these restricted stock awards was $10 million, which is being recognized as compensation expense over the two-year vesting period on a straight-line basis in accordance with GAAP.&lt;/span&gt;&lt;/div&gt;</us-gaap:ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock>
    <rwt:FixedCompensationExpense
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzMtMi0xLTEtMA_42db96f3-0335-4ca9-867f-368f89663bc3"
      unitRef="usd">11805000</rwt:FixedCompensationExpense>
    <rwt:FixedCompensationExpense
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzMtNC0xLTEtMA_fc6836ff-f911-4483-888a-affffd366df0"
      unitRef="usd">14684000</rwt:FixedCompensationExpense>
    <rwt:VariableCompensationExpense
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzQtMi0xLTEtMA_e1bc3ba0-b5db-4230-9880-fdadfae667b4"
      unitRef="usd">18669000</rwt:VariableCompensationExpense>
    <rwt:VariableCompensationExpense
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzQtNC0xLTEtMA_b7ff34f3-832c-4041-a9e5-3b42b527f3d4"
      unitRef="usd">11000</rwt:VariableCompensationExpense>
    <us-gaap:AllocatedShareBasedCompensationExpense
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzUtMi0xLTEtMA_743caee5-1c66-409e-af43-3f16a08b55c2"
      unitRef="usd">4169000</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:AllocatedShareBasedCompensationExpense
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzUtNC0xLTEtMA_e0b8a90c-4a13-4b0c-9b4b-f9fa88ca0dd5"
      unitRef="usd">1995000</us-gaap:AllocatedShareBasedCompensationExpense>
    <rwt:AcquisitionRelatedSharebasedPaymentArrangementExpense
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzYtMi0xLTEtMA_f3882a88-df93-4366-9be1-4c88c96af114"
      unitRef="usd">1212000</rwt:AcquisitionRelatedSharebasedPaymentArrangementExpense>
    <rwt:AcquisitionRelatedSharebasedPaymentArrangementExpense
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzYtNC0xLTEtMA_4c644350-09bc-4ecd-9577-8fa875163617"
      unitRef="usd">1212000</rwt:AcquisitionRelatedSharebasedPaymentArrangementExpense>
    <us-gaap:CommunicationsAndInformationTechnology
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzctMi0xLTEtMA_8e1ea6f4-a5df-43c3-9bb5-409a1369b0d6"
      unitRef="usd">2977000</us-gaap:CommunicationsAndInformationTechnology>
    <us-gaap:CommunicationsAndInformationTechnology
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzctNC0xLTEtMA_b34cb4ff-a4e8-4707-a0b3-3f1563a0433f"
      unitRef="usd">3212000</us-gaap:CommunicationsAndInformationTechnology>
    <rwt:OfficeCosts
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzgtMi0xLTEtMA_9058a546-24c0-46d0-93d9-2f4b4ad7c795"
      unitRef="usd">1808000</rwt:OfficeCosts>
    <rwt:OfficeCosts
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzgtNC0xLTEtMA_d5aa8f11-ad3e-4a0e-879b-2907e4304101"
      unitRef="usd">2108000</rwt:OfficeCosts>
    <us-gaap:ProfessionalFees
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzktMi0xLTEtMA_2e24f59a-b7eb-4cee-8817-115482708df6"
      unitRef="usd">714000</us-gaap:ProfessionalFees>
    <us-gaap:ProfessionalFees
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzktNC0xLTEtMA_71658d74-d556-46c8-8baa-a5d582d2b9dd"
      unitRef="usd">2216000</us-gaap:ProfessionalFees>
    <us-gaap:OtherGeneralExpense
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzEwLTItMS0xLTA_1ff020e7-b06f-4436-a308-e6d1c9191f65"
      unitRef="usd">691000</us-gaap:OtherGeneralExpense>
    <us-gaap:OtherGeneralExpense
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzEwLTQtMS0xLTA_d197b4df-048c-4db5-b5ed-6e00296bb851"
      unitRef="usd">671000</us-gaap:OtherGeneralExpense>
    <us-gaap:OtherGeneralAndAdministrativeExpense
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzExLTItMS0xLTA_bc8b901a-3f71-4b0a-89eb-a9bfd64e1799"
      unitRef="usd">1506000</us-gaap:OtherGeneralAndAdministrativeExpense>
    <us-gaap:OtherGeneralAndAdministrativeExpense
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzExLTQtMS0xLTA_2d995b45-fbd9-4aa8-a286-2c179a49cdd4"
      unitRef="usd">2573000</us-gaap:OtherGeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzEyLTItMS0xLTA_64a6b32b-f27c-470c-be2a-a65b6857ab1b"
      unitRef="usd">43551000</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzEyLTQtMS0xLTA_44ac56ea-3803-4c5c-bfe5-639f86ffb996"
      unitRef="usd">28682000</us-gaap:GeneralAndAdministrativeExpense>
    <rwt:CommissionsOnLoanAcquisitions
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzE1LTItMS0xLTA_3cf4ffb1-834f-4051-bd8a-d0479f5bca13"
      unitRef="usd">1263000</rwt:CommissionsOnLoanAcquisitions>
    <rwt:CommissionsOnLoanAcquisitions
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzE1LTQtMS0xLTA_d83da978-9409-4ce3-905f-6ff282e61994"
      unitRef="usd">1788000</rwt:CommissionsOnLoanAcquisitions>
    <rwt:UnderwritingCostsAssociatedWithLoanAcquisitions
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzE2LTItMS0xLTA_7af331ae-595d-47c5-852c-7d9d3dbb6741"
      unitRef="usd">1685000</rwt:UnderwritingCostsAssociatedWithLoanAcquisitions>
    <rwt:UnderwritingCostsAssociatedWithLoanAcquisitions
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzE2LTQtMS0xLTA_2fb8e874-98ac-4a99-9b19-2c3b876df821"
      unitRef="usd">1662000</rwt:UnderwritingCostsAssociatedWithLoanAcquisitions>
    <rwt:TransferAndHoldCostsAssociatedWithLoanAcquisitions
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzE3LTItMS0xLTA_cda740ba-e142-40a8-a741-300ce4a5a067"
      unitRef="usd">611000</rwt:TransferAndHoldCostsAssociatedWithLoanAcquisitions>
    <rwt:TransferAndHoldCostsAssociatedWithLoanAcquisitions
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzE3LTQtMS0xLTA_1b2534ae-1da6-4ee9-a56d-3fa883089f7c"
      unitRef="usd">536000</rwt:TransferAndHoldCostsAssociatedWithLoanAcquisitions>
    <rwt:LoanAcquisitionCosts
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzE5LTItMS0xLTA_8ccfeab3-c48a-44d4-bcc0-465b66094269"
      unitRef="usd">3559000</rwt:LoanAcquisitionCosts>
    <rwt:LoanAcquisitionCosts
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzE5LTQtMS0xLTA_ae383196-3bda-441b-b804-181e70fef0b4"
      unitRef="usd">3986000</rwt:LoanAcquisitionCosts>
    <us-gaap:GoodwillImpairmentLoss
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzIyLTItMS0xLTA_aa661029-8472-4577-bc51-1d51959fa9f6"
      unitRef="usd">0</us-gaap:GoodwillImpairmentLoss>
    <us-gaap:GoodwillImpairmentLoss
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzIyLTQtMS0xLTA_24deb2d3-79fc-4b6c-bbfa-700b40d3af85"
      unitRef="usd">88675000</us-gaap:GoodwillImpairmentLoss>
    <rwt:AmortizationofPurchaseRelatedIntangibleAssets
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzIzLTItMS0xLTA_9b44521c-815e-406f-aeab-f7b15bb464cf"
      unitRef="usd">3873000</rwt:AmortizationofPurchaseRelatedIntangibleAssets>
    <rwt:AmortizationofPurchaseRelatedIntangibleAssets
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzIzLTQtMS0xLTA_979565da-2811-418f-bd55-8a314f3ade5b"
      unitRef="usd">4309000</rwt:AmortizationofPurchaseRelatedIntangibleAssets>
    <us-gaap:OtherCostAndExpenseOperating
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzI1LTItMS0xLTA_218bfc6a-d4c8-446b-b20c-72d7764bfa37"
      unitRef="usd">223000</us-gaap:OtherCostAndExpenseOperating>
    <us-gaap:OtherCostAndExpenseOperating
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzI1LTQtMS0xLTA_a9a1f54b-4383-440e-9a9b-a59b8f75a106"
      unitRef="usd">-1569000</us-gaap:OtherCostAndExpenseOperating>
    <us-gaap:OperatingCostsAndExpenses
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzI2LTItMS0xLTA_22b7fb63-2c12-4e95-988b-b48bfddc5631"
      unitRef="usd">4096000</us-gaap:OperatingCostsAndExpenses>
    <us-gaap:OperatingCostsAndExpenses
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzI2LTQtMS0xLTA_9de0f990-1bbe-4bde-95ef-da1123b69a48"
      unitRef="usd">91415000</us-gaap:OperatingCostsAndExpenses>
    <us-gaap:OperatingExpenses
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzI3LTItMS0xLTA_61531eb5-1ccd-40c6-93fa-02fd6ebb2644"
      unitRef="usd">51206000</us-gaap:OperatingExpenses>
    <us-gaap:OperatingExpenses
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90YWJsZTo1ZDBiMGE5MDY1Mjk0ZDRkODU1OTU5MmM1NTBmMzU1Yi90YWJsZXJhbmdlOjVkMGIwYTkwNjUyOTRkNGQ4NTU5NTkyYzU1MGYzNTViXzI3LTQtMS0xLTA_36f8db86-64fe-40dc-be0d-b301e52fc77e"
      unitRef="usd">124083000</us-gaap:OperatingExpenses>
    <us-gaap:AllocatedShareBasedCompensationExpense
      contextRef="i2443dec9784548d8930bc7008f341426_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90ZXh0cmVnaW9uOjViYjYyOWQ4ZDc4ZDQ5NmE5ZGJjYzc3NGRhNDcyY2MwXzEwOTk1MTE2MzY0MzE_9fb57071-74f2-4306-aac2-8050e702b4a5"
      unitRef="usd">3000000</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:AllocatedShareBasedCompensationExpense
      contextRef="i3629adc160fe4ca28ba0767fff33ebc0_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90ZXh0cmVnaW9uOjViYjYyOWQ4ZDc4ZDQ5NmE5ZGJjYzc3NGRhNDcyY2MwXzEwOTk1MTE2MzY0NDg_81812ae8-398c-4d1a-93ae-b59c629b8518"
      unitRef="usd">1000000</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
      contextRef="iaaaf4eecd8ab41c58405536f3a4e89c7_D20191015-20191015"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90ZXh0cmVnaW9uOjViYjYyOWQ4ZDc4ZDQ5NmE5ZGJjYzc3NGRhNDcyY2MwXzQwMQ_b93391e1-5d07-4242-9d40-e268b2c3240c"
      unitRef="shares">588260</us-gaap:BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued>
    <us-gaap:BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
      contextRef="iaaaf4eecd8ab41c58405536f3a4e89c7_D20191015-20191015"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90ZXh0cmVnaW9uOjViYjYyOWQ4ZDc4ZDQ5NmE5ZGJjYzc3NGRhNDcyY2MwXzY0Mw_50261161-a437-476e-9eb3-364d24942b50"
      unitRef="usd">10000000</us-gaap:BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable>
    <rwt:BusinessCombinationContingentConsiderationLiabilityTerm
      contextRef="iaaaf4eecd8ab41c58405536f3a4e89c7_D20191015-20191015"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTIvZnJhZzo1YmI2MjlkOGQ3OGQ0OTZhOWRiY2M3NzRkYTQ3MmNjMC90ZXh0cmVnaW9uOjViYjYyOWQ4ZDc4ZDQ5NmE5ZGJjYzc3NGRhNDcyY2MwXzIyMzA_21726d46-74e9-4eaa-bb90-f850cc290499">P2Y</rwt:BusinessCombinationContingentConsiderationLiabilityTerm>
    <us-gaap:IncomeTaxDisclosureTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90ZXh0cmVnaW9uOjlmMjNhNjlmY2I1ZDRmYjhhM2IwM2Y0MGVmNzY5MDYyXzk4Ng_099122d2-e6fe-4e01-904e-fb2386c9055b">Taxes&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;For the three months ended March&#160;31, 2021 and 2020, we recognized a provision for income taxes of $12 million and a benefit from income taxes of $22 million, respectively. The following is a reconciliation of the statutory federal and state tax rates to our effective tax rate at March&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 22.1 &#x2013; Reconciliation of Statutory Tax Rate to Effective Tax Rate&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:17pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Federal statutory rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21.0&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21.0&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;State statutory rate, net of Federal tax effect&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8.6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8.6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Differences in taxable (loss) income from GAAP income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(12.5)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(25.9)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Change in valuation allowance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3.7)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2.5)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Dividends paid deduction &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2.8)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1.1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Effective Tax Rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10.6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;We assessed our tax positions for all open tax years (i.e., Federal, 2017 to 2021, and State, 2016 to 2021) at March&#160;31, 2021 and December&#160;31, 2020, and concluded that we had no uncertain tax positions that resulted in material unrecognized tax benefits.&lt;/span&gt;&lt;/div&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
    <us-gaap:IncomeTaxExpenseBenefit
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90ZXh0cmVnaW9uOjlmMjNhNjlmY2I1ZDRmYjhhM2IwM2Y0MGVmNzY5MDYyXzk0_2e4f543b-4cf8-4700-b496-9358ef3e5267"
      unitRef="usd">12000000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-6"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90ZXh0cmVnaW9uOjlmMjNhNjlmY2I1ZDRmYjhhM2IwM2Y0MGVmNzY5MDYyXzEzNA_5e46fa64-0975-4a77-b903-1728568b654a"
      unitRef="usd">-22000000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90ZXh0cmVnaW9uOjlmMjNhNjlmY2I1ZDRmYjhhM2IwM2Y0MGVmNzY5MDYyXzk4Mw_c3fbad5e-42e3-493c-947d-c5db5ab4e8ec">The following is a reconciliation of the statutory federal and state tax rates to our effective tax rate at March&#160;31, 2021 and 2020.&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 22.1 &#x2013; Reconciliation of Statutory Tax Rate to Effective Tax Rate&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:17pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:62.233%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.538%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:16.541%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Federal statutory rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21.0&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21.0&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;State statutory rate, net of Federal tax effect&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8.6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8.6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Differences in taxable (loss) income from GAAP income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(12.5)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(25.9)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Change in valuation allowance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3.7)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2.5)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Dividends paid deduction &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2.8)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1.1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Effective Tax Rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10.6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock>
    <us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzEtMi0xLTEtMA_337eba01-d15d-4183-a595-d2b1f75da310"
      unitRef="number">0.210</us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate>
    <us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzEtNC0xLTEtMA_b665713d-c976-4011-aede-3c5be341447a"
      unitRef="number">0.210</us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate>
    <us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzItMi0xLTEtMA_4e3378c2-98b7-42a1-9d36-e028b5f39fbc"
      unitRef="number">0.086</us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes>
    <us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzItNC0xLTEtMA_74f10bca-8719-4def-8082-75f3fd2c4260"
      unitRef="number">0.086</us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes>
    <us-gaap:EffectiveIncomeTaxRateReconciliationDeductions
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzMtMi0xLTEtMA_ecaaed63-470d-4161-9a46-cfc2eeee5210"
      unitRef="number">0.125</us-gaap:EffectiveIncomeTaxRateReconciliationDeductions>
    <us-gaap:EffectiveIncomeTaxRateReconciliationDeductions
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzMtNC0xLTEtMA_ece40ba9-d2fc-496f-9faa-5821353b6a44"
      unitRef="number">0.259</us-gaap:EffectiveIncomeTaxRateReconciliationDeductions>
    <us-gaap:EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzQtMi0xLTEtMA_e92bf9b6-7aad-443f-9e91-b274e0cfe94d"
      unitRef="number">-0.037</us-gaap:EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance>
    <us-gaap:EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzQtNC0xLTEtMA_90624fd5-6ee4-4ff3-a679-cf735c42c000"
      unitRef="number">-0.025</us-gaap:EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance>
    <us-gaap:EffectiveIncomeTaxRateReconciliationDeductionsDividends
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzUtMi0xLTEtMA_ef358895-a56c-40af-922b-cda2ca25e173"
      unitRef="number">0.028</us-gaap:EffectiveIncomeTaxRateReconciliationDeductionsDividends>
    <us-gaap:EffectiveIncomeTaxRateReconciliationDeductionsDividends
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzUtNC0xLTEtMA_c914abe6-b734-4ade-b054-1bfbf5ee1411"
      unitRef="number">-0.011</us-gaap:EffectiveIncomeTaxRateReconciliationDeductionsDividends>
    <us-gaap:EffectiveIncomeTaxRateContinuingOperations
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzYtMi0xLTEtMA_2015aea8-e0ad-4826-93dc-c2b271bf7aec"
      unitRef="number">0.106</us-gaap:EffectiveIncomeTaxRateContinuingOperations>
    <us-gaap:EffectiveIncomeTaxRateContinuingOperations
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTUvZnJhZzo5ZjIzYTY5ZmNiNWQ0ZmI4YTNiMDNmNDBlZjc2OTA2Mi90YWJsZTo5NTE4OTU5OTIzNjU0ZjBiOTIwZmI4MTQ5MTU4MmE1MS90YWJsZXJhbmdlOjk1MTg5NTk5MjM2NTRmMGI5MjBmYjgxNDkxNTgyYTUxXzYtNC0xLTEtMA_c69adaa3-b705-4c40-96b5-1570afa7a7ac"
      unitRef="number">0.023</us-gaap:EffectiveIncomeTaxRateContinuingOperations>
    <us-gaap:SegmentReportingDisclosureTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90ZXh0cmVnaW9uOjM1YjcxNjVmZWQ3ZTRhZTc4YWNjYjY3MmE4ZGFmMjk4XzU4NDc_a2ecf5e6-493e-4182-b254-3bbfdeb11983">Segment Information&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Redwood operates in three segments: Residential Lending, Business Purpose Lending, and Third-Party Investments. For a full description of our segments, see &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Part I, Item 1&#x2014;Business &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;in our Annual Report on Form 10-K for the year ended December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Segment contribution represents the measure of profit that management uses to assess the performance of our business segments and make resource allocation and operating decisions. Certain corporate expenses not directly assigned or allocated to one of our three segments, as well as activity from certain consolidated Sequoia entities, are included in the Corporate/Other column as reconciling items to our consolidated financial statements. These unallocated corporate expenses primarily include interest expense and realized gains from the repurchase of our convertible notes and trust preferred securities, indirect general and administrative expenses and other expense. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following tables present financial information by segment for the three months ended March&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 23.1 &#x2013; Business Segment Financial Information &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:37.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.434%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Residential Lending&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Business Purpose Lending&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Third-Party Investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;&#160;Corporate/&lt;br/&gt;Other &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;&#160;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;27,548&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;64,405&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;34,990&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;128,305&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(19,037)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(50,075)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(23,179)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(10,261)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(102,552)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Net interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,511&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,330&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,811&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(8,899)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25,753&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Non-interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mortgage banking activities, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;61,435&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,172&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;82,607&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Investment fair value changes, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,746&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,299&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,716&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(674)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,087&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other income, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,853&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;843&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;147&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,843&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Realized gains, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,408&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;108&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;200&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,716&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total non-interest income (loss), net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;69,442&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25,422&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,916&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(527)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;134,253&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;General and administrative expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(13,757)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(11,159)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,131)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(17,504)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(43,551)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loan acquisition costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,416)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,052)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(87)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,559)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(6)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,777)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(330)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4,096)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Provision for income taxes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(9,979)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,321)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(243)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(11,543)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Segment Contribution&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52,795&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,443&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;49,936&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(26,917)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Net Income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97,257&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Non-cash amortization (expense) income, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,666&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(5,857)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(144)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,895)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(6,230)&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:5pt;text-align:center"&gt;&lt;span&gt;&lt;br/&gt;&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:37.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.434%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Residential Lending&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Business Purpose Lending&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Third-Party Investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;&#160;Corporate/&lt;br/&gt;Other &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;&#160;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;60,631&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;53,060&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;81,196&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;198,081&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(37,562)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(32,353)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(62,501)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(14,255)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(146,671)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Net interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,069&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,707&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,695&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(11,061)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;51,410&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Non-interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mortgage banking activities, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(23,081)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(5,821)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(28,902)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Investment fair value changes, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(196,635)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(142,130)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(531,558)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(509)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(870,832)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other income, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(497)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,184&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,241&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,928&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Realized gains, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,796&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,056&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,852&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total non-interest income, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(218,417)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(145,767)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(528,261)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(509)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(892,954)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;General and administrative expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4,599)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(11,640)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,535)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(10,908)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(28,682)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loan acquisition costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,033)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,693)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(253)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(7)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,986)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(92,985)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(312)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(91,415)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Benefit from income taxes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,330&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,582&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,317&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;22,229&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Segment Contribution&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(195,650)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(225,796)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(499,155)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(22,797)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Net Loss&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(943,398)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Non-cash amortization income (expense), net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;367&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(5,363)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;866&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(367)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4,497)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other significant non-cash expense: goodwill impairment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(88,675)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(88,675)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the components of Corporate/Other for the three months ended March&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align:center"&gt;&lt;span&gt;&lt;br/&gt;&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 23.2 &#x2013; Components of Corporate/Other &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:29.637%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.582%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.331%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.331%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.582%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.331%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.336%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="33" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="15" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="15" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy Consolidated VIEs &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy Consolidated VIEs &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;&#160;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,348&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(875)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(9,386)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(10,261)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,522)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(11,733)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(14,255)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Net interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;473&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(9,372)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(8,899)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;672&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(11,733)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(11,061)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Non-interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Investment fair value changes, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(699)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(674)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(391)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(118)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(509)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;147&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;147&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total non-interest income, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(699)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;172&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(527)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(391)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(118)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(509)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;General and administrative expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(17,504)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(17,504)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(10,908)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(10,908)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loan acquisition costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(7)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(7)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(312)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(312)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(226)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(26,691)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(26,917)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;281&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(23,078)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(22,797)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:5pt;padding-left:18pt;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1) &#160;&#160;&#160;&#160;Legacy consolidated VIEs represent Legacy Sequoia entities that are consolidated for GAAP financial reporting purposes. See &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%"&gt;Note 4 &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;for further discussion on VIEs.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents supplemental information by segment at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 23.3 &#x2013; Supplemental Segment Information &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:37.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.434%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Residential Lending&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Business Purpose Lending&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Third-Party Investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;&#160;Corporate/&lt;br/&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,272,624&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,154,351&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;274,861&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,701,836&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Business purpose loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,172,120&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,172,120&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Multifamily loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real estate securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;167,040&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;197,280&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;364,320&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,945&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19,405&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;293,776&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,453&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;322,579&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Intangible assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52,992&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52,992&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,601,672&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,359,491&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,155,645&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;780,040&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,896,848&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,741,963&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,221,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;285,935&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,249,051&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Business purpose loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,136,353&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,136,353&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Multifamily loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real estate securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;160,780&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;183,345&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;344,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,815&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,627&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;317,282&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;451&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;348,175&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Intangible assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;56,865&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;56,865&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,989,802&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,323,040&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,232,415&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;809,809&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,355,066&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:SegmentReportingDisclosureTextBlock>
    <us-gaap:NumberOfOperatingSegments
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90ZXh0cmVnaW9uOjM1YjcxNjVmZWQ3ZTRhZTc4YWNjYjY3MmE4ZGFmMjk4XzU0_9066523b-cd89-4200-849a-e2ded1fcebd0"
      unitRef="segment">3</us-gaap:NumberOfOperatingSegments>
    <us-gaap:NumberOfOperatingSegments
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="INF"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90ZXh0cmVnaW9uOjM1YjcxNjVmZWQ3ZTRhZTc4YWNjYjY3MmE4ZGFmMjk4XzQ5MTY_9066523b-cd89-4200-849a-e2ded1fcebd0"
      unitRef="segment">3</us-gaap:NumberOfOperatingSegments>
    <us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90ZXh0cmVnaW9uOjM1YjcxNjVmZWQ3ZTRhZTc4YWNjYjY3MmE4ZGFmMjk4XzU4NDU_718ac876-544a-4bd9-b17a-714f979efbfa">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following tables present financial information by segment for the three months ended March&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 23.1 &#x2013; Business Segment Financial Information &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:37.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.434%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Residential Lending&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Business Purpose Lending&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Third-Party Investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;&#160;Corporate/&lt;br/&gt;Other &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;&#160;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;27,548&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;64,405&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;34,990&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;128,305&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(19,037)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(50,075)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(23,179)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(10,261)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(102,552)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Net interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,511&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,330&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,811&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(8,899)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25,753&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Non-interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mortgage banking activities, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;61,435&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,172&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;82,607&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Investment fair value changes, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,746&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,299&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,716&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(674)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,087&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other income, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,853&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;843&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;147&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,843&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Realized gains, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,408&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;108&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;200&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,716&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total non-interest income (loss), net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;69,442&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25,422&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,916&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(527)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;134,253&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;General and administrative expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(13,757)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(11,159)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,131)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(17,504)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(43,551)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loan acquisition costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,416)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,052)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(87)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,559)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(6)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,777)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(330)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4,096)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Provision for income taxes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(9,979)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,321)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(243)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(11,543)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Segment Contribution&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52,795&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,443&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;49,936&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(26,917)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Net Income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97,257&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Non-cash amortization (expense) income, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,666&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(5,857)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(144)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,895)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td style="border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(6,230)&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:5pt;text-align:center"&gt;&lt;span&gt;&lt;br/&gt;&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:37.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.434%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Residential Lending&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Business Purpose Lending&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Third-Party Investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;&#160;Corporate/&lt;br/&gt;Other &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;&#160;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;60,631&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;53,060&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;81,196&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;198,081&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(37,562)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(32,353)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(62,501)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(14,255)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(146,671)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Net interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,069&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,707&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,695&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(11,061)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;51,410&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Non-interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mortgage banking activities, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(23,081)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(5,821)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(28,902)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Investment fair value changes, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(196,635)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(142,130)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(531,558)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(509)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(870,832)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other income, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(497)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,184&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,241&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,928&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Realized gains, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,796&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,056&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,852&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total non-interest income, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(218,417)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(145,767)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(528,261)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(509)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(892,954)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;General and administrative expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4,599)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(11,640)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,535)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(10,908)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(28,682)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loan acquisition costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,033)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,693)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(253)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(7)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,986)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(92,985)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,882&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(312)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(91,415)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Benefit from income taxes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,330&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,582&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,317&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;22,229&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Segment Contribution&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(195,650)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(225,796)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(499,155)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(22,797)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Net Loss&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(943,398)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Non-cash amortization income (expense), net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;367&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(5,363)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;866&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(367)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4,497)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other significant non-cash expense: goodwill impairment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(88,675)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(88,675)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzItMi0xLTEtMA_68b9bb79-a59c-430b-a4cf-91a669cec8bf"
      unitRef="usd">27548000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzItNC0xLTEtMA_8306cd3c-c3cb-459f-ae12-51632953d375"
      unitRef="usd">64405000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzItOC0xLTEtMA_a1ba3fc1-1909-46a4-9b15-b6df5517a9ff"
      unitRef="usd">34990000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzItMTAtMS0xLTA_6c1d779d-ee6e-497a-b5e2-727f01b360b2"
      unitRef="usd">1362000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzItMTItMS0xLTA_e3fdcfc9-34f0-4609-b84c-6a5039b32fd3"
      unitRef="usd">128305000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestExpense
      contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzMtMi0xLTEtMA_48c70780-7a15-4d77-b637-188ac10fe3f1"
      unitRef="usd">19037000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzMtNC0xLTEtMA_e2c7159a-d56b-4f4d-89cf-f68016690803"
      unitRef="usd">50075000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzMtOC0xLTEtMA_bffaa655-d314-429a-918c-3c24c5f1dd0d"
      unitRef="usd">23179000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzMtMTAtMS0xLTA_d72ed493-ad3a-4341-a650-57891e62671d"
      unitRef="usd">10261000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzMtMTItMS0xLTA_3294aa5d-c0e0-4732-9baf-eaf8aa3fa5e3"
      unitRef="usd">102552000</us-gaap:InterestExpense>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzQtMi0xLTEtMA_78c5dabe-0e15-4065-b5d0-e880334f7a7a"
      unitRef="usd">8511000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzQtNC0xLTEtMA_d4dbfb2b-822b-4fc9-be7b-7f2b5ba4c011"
      unitRef="usd">14330000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzQtOC0xLTEtMA_7d197286-d7e6-490a-8693-7fc8b7ab4cec"
      unitRef="usd">11811000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzQtMTAtMS0xLTA_52473f38-cb8a-46f0-b778-c6d2ce65da92"
      unitRef="usd">-8899000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzQtMTItMS0xLTA_41cf519e-3d4f-4f86-94a4-f4948d586b1b"
      unitRef="usd">25753000</us-gaap:InterestIncomeExpenseNet>
    <rwt:MortgageBankingActivitiesNet
      contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzYtMi0xLTEtMA_0368b3dc-048e-47f1-aa35-af53078ee511"
      unitRef="usd">61435000</rwt:MortgageBankingActivitiesNet>
    <rwt:MortgageBankingActivitiesNet
      contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzYtNC0xLTEtMA_aa8b6fa8-4398-4e0c-b837-aa514e145fed"
      unitRef="usd">21172000</rwt:MortgageBankingActivitiesNet>
    <rwt:MortgageBankingActivitiesNet
      contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzYtOC0xLTEtMA_3f72d20a-537f-422b-a6dc-31b88d30482f"
      unitRef="usd">0</rwt:MortgageBankingActivitiesNet>
    <rwt:MortgageBankingActivitiesNet
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzYtMTAtMS0xLTA_63963bae-f5cb-42c0-9ad7-502eed801bca"
      unitRef="usd">0</rwt:MortgageBankingActivitiesNet>
    <rwt:MortgageBankingActivitiesNet
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzYtMTItMS0xLTA_b5779b80-7354-48b4-9476-609433b3c7c4"
      unitRef="usd">82607000</rwt:MortgageBankingActivitiesNet>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzctMi0xLTEtMA_730ae12b-c9be-4ee8-bc9e-85fcf143a5fb"
      unitRef="usd">2746000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzctNC0xLTEtMA_4f2e0066-ee01-49d6-98aa-42b135db8ddb"
      unitRef="usd">3299000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzctOC0xLTEtMA_9f225ae5-4806-43f9-b256-970da898364a"
      unitRef="usd">39716000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzctMTAtMS0xLTA_522d0eca-d16e-4a9a-8a73-3df808ad3a26"
      unitRef="usd">-674000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzctMTItMS0xLTA_98c0d132-545c-498b-a51f-fb88afa9181a"
      unitRef="usd">45087000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:OtherOperatingIncomeExpenseNet
      contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzgtMi0xLTEtMA_5aa50488-816d-4765-a0a7-932981892586"
      unitRef="usd">2853000</us-gaap:OtherOperatingIncomeExpenseNet>
    <us-gaap:OtherOperatingIncomeExpenseNet
      contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzgtNC0xLTEtMA_83886258-2539-43d8-9f0e-62ba0ecee369"
      unitRef="usd">843000</us-gaap:OtherOperatingIncomeExpenseNet>
    <us-gaap:OtherOperatingIncomeExpenseNet
      contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzgtOC0xLTEtMA_7876ca33-fa51-457b-84c7-716bcee63faa"
      unitRef="usd">0</us-gaap:OtherOperatingIncomeExpenseNet>
    <us-gaap:OtherOperatingIncomeExpenseNet
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzgtMTAtMS0xLTA_d3d91201-93a5-4084-b416-599e93706abb"
      unitRef="usd">147000</us-gaap:OtherOperatingIncomeExpenseNet>
    <us-gaap:OtherOperatingIncomeExpenseNet
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzgtMTItMS0xLTA_c9296973-7eee-4878-8ce5-5cdabfaa9ec2"
      unitRef="usd">3843000</us-gaap:OtherOperatingIncomeExpenseNet>
    <us-gaap:RealizedInvestmentGainsLosses
      contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzktMi0xLTEtMA_de1c0b95-04d2-409a-9fbf-102787612938"
      unitRef="usd">2408000</us-gaap:RealizedInvestmentGainsLosses>
    <us-gaap:RealizedInvestmentGainsLosses
      contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzktNC0xLTEtMA_31192f5f-60b0-49e5-b386-2d24f8397321"
      unitRef="usd">108000</us-gaap:RealizedInvestmentGainsLosses>
    <us-gaap:RealizedInvestmentGainsLosses
      contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzktOC0xLTEtMA_e18a01bb-c14e-4c13-ba78-e127d80c4ed3"
      unitRef="usd">200000</us-gaap:RealizedInvestmentGainsLosses>
    <us-gaap:RealizedInvestmentGainsLosses
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzktMTAtMS0xLTA_a2347c60-49f3-4954-9e68-8ab051a39a07"
      unitRef="usd">0</us-gaap:RealizedInvestmentGainsLosses>
    <us-gaap:RealizedInvestmentGainsLosses
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzktMTItMS0xLTA_1292130b-aa55-4736-b41b-0679b65e84f0"
      unitRef="usd">2716000</us-gaap:RealizedInvestmentGainsLosses>
    <us-gaap:NoninterestIncome
      contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEwLTItMS0xLTA_5561c97b-2434-459c-9f94-701bd2bbb1a9"
      unitRef="usd">69442000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEwLTQtMS0xLTA_2c470991-1944-4fd0-8829-9de7b1e992a4"
      unitRef="usd">25422000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEwLTgtMS0xLTA_b24eda9b-757f-4a2e-890a-72d9bb281d18"
      unitRef="usd">39916000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEwLTEwLTEtMS0w_c724888c-b5e1-4f9e-94ec-a7ad015681b9"
      unitRef="usd">-527000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEwLTEyLTEtMS0w_1c0c6401-f7ef-473d-ba26-56bb177087dd"
      unitRef="usd">134253000</us-gaap:NoninterestIncome>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzExLTItMS0xLTA_98f1ec4c-e6f8-4c30-9517-de6d113049d6"
      unitRef="usd">13757000</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzExLTQtMS0xLTA_9eb8e755-b38c-417f-b0b6-ed8c23679811"
      unitRef="usd">11159000</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzExLTgtMS0xLTA_db329186-c4ea-41de-b762-33f9d6c7a1e5"
      unitRef="usd">1131000</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzExLTEwLTEtMS0w_546a4bef-cb45-49e7-a17d-b6635c4358bd"
      unitRef="usd">17504000</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzExLTEyLTEtMS0w_ce043ba4-bd20-4bcf-a076-97f655755605"
      unitRef="usd">43551000</us-gaap:GeneralAndAdministrativeExpense>
    <rwt:LoanAcquisitionCosts
      contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEyLTItMS0xLTA_b86c3e49-c9d5-412f-b1a4-80b99ad8706c"
      unitRef="usd">1416000</rwt:LoanAcquisitionCosts>
    <rwt:LoanAcquisitionCosts
      contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEyLTQtMS0xLTA_de95dc31-1d81-4c65-a32e-cf24dc79b3e4"
      unitRef="usd">2052000</rwt:LoanAcquisitionCosts>
    <rwt:LoanAcquisitionCosts
      contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEyLTgtMS0xLTA_7695ce1f-f676-4afc-8ba7-131d18423514"
      unitRef="usd">87000</rwt:LoanAcquisitionCosts>
    <rwt:LoanAcquisitionCosts
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEyLTEwLTEtMS0w_cc1e7933-594a-4e30-880b-4ea9108e80c9"
      unitRef="usd">4000</rwt:LoanAcquisitionCosts>
    <rwt:LoanAcquisitionCosts
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEyLTEyLTEtMS0w_e2cb4b37-5ab8-4f2c-8ac6-91423b0c6b49"
      unitRef="usd">3559000</rwt:LoanAcquisitionCosts>
    <us-gaap:OtherExpenses
      contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEzLTItMS0xLTA_ba6ce0d9-a42f-4f04-9b8f-e3d864476634"
      unitRef="usd">6000</us-gaap:OtherExpenses>
    <us-gaap:OtherExpenses
      contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEzLTQtMS0xLTA_7a36a4a8-b8d2-43ff-b792-617ad33c814c"
      unitRef="usd">3777000</us-gaap:OtherExpenses>
    <us-gaap:OtherExpenses
      contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEzLTgtMS0xLTA_1cc60e06-271d-4629-9929-33dbec0e1022"
      unitRef="usd">330000</us-gaap:OtherExpenses>
    <us-gaap:OtherExpenses
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEzLTEwLTEtMS0w_017ff403-f7c9-48af-b1d4-f604df8b9c05"
      unitRef="usd">-17000</us-gaap:OtherExpenses>
    <us-gaap:OtherExpenses
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzEzLTEyLTEtMS0w_713fb19f-6679-4c57-90ac-0f99f09638cc"
      unitRef="usd">4096000</us-gaap:OtherExpenses>
    <us-gaap:IncomeTaxExpenseBenefit
      contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE0LTItMS0xLTA_de75bf3c-af8d-4312-8bac-871aecfe583f"
      unitRef="usd">9979000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit
      contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE0LTQtMS0xLTA_1ec9bd64-1c47-4a0b-a17d-2927dede4e93"
      unitRef="usd">1321000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit
      contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE0LTgtMS0xLTA_2f9b0da7-194a-4960-bfe7-8199c8e9c7b5"
      unitRef="usd">243000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE0LTEwLTEtMS0w_67166639-1155-4dad-b8c8-38652a8908bf"
      unitRef="usd">0</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE0LTEyLTEtMS0w_f57ee79e-945c-46e7-b68c-15f379de81a8"
      unitRef="usd">11543000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:NetIncomeLoss
      contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE1LTItMS0xLTA_c538afaa-373a-40db-beab-7f8b49714a4e"
      unitRef="usd">52795000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE1LTQtMS0xLTA_15537889-9743-4866-a365-100a24548d41"
      unitRef="usd">21443000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE1LTgtMS0xLTA_de0e5b6d-def5-42f0-8601-eca9e658853b"
      unitRef="usd">49936000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE1LTEwLTEtMS0w_a5108345-d82f-4ca1-9ad0-3b5ef54961cb"
      unitRef="usd">-26917000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE2LTEyLTEtMS0w_f2259f11-d7dd-49a6-998d-f6d96d237534"
      unitRef="usd">97257000</us-gaap:NetIncomeLoss>
    <us-gaap:AdjustmentForAmortization
      contextRef="i4acc8227cf8c4fd09f05e1b7121de8fd_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE3LTItMS0xLTA_80789ab3-44ec-4bc7-8fbd-486e4170ca5a"
      unitRef="usd">1666000</us-gaap:AdjustmentForAmortization>
    <us-gaap:AdjustmentForAmortization
      contextRef="ic98acd5dc19342c39dad56c3c21c391c_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE3LTQtMS0xLTA_c56b0979-2326-4a91-aeb1-f7562fab8807"
      unitRef="usd">-5857000</us-gaap:AdjustmentForAmortization>
    <us-gaap:AdjustmentForAmortization
      contextRef="ic78bb15d0d6c4581955e90682cf7333b_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE3LTgtMS0xLTA_67b68bdf-7b39-404c-b7d3-fa3ff50eafde"
      unitRef="usd">-144000</us-gaap:AdjustmentForAmortization>
    <us-gaap:AdjustmentForAmortization
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE3LTEwLTEtMS0w_9df66fec-2d49-44fb-b613-f9e484084b77"
      unitRef="usd">-1895000</us-gaap:AdjustmentForAmortization>
    <us-gaap:AdjustmentForAmortization
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo0YmRjNWYxYmJkOGY0M2RjOWE4YzY3MzZmNWI3ZmI2ZS90YWJsZXJhbmdlOjRiZGM1ZjFiYmQ4ZjQzZGM5YThjNjczNmY1YjdmYjZlXzE3LTEyLTEtMS0w_410c3335-cf72-497d-a731-811170272758"
      unitRef="usd">-6230000</us-gaap:AdjustmentForAmortization>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzMtMi0xLTEtMA_c9132c7e-17d6-4772-95a0-4c3d6c56430f"
      unitRef="usd">60631000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzMtNC0xLTEtMA_dd932308-ea7f-4b0d-a1ad-a01051a54e84"
      unitRef="usd">53060000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzMtOC0xLTEtMA_423af0d5-7b3a-4659-8f0c-f4c23d7762e7"
      unitRef="usd">81196000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzMtMTAtMS0xLTA_58dbc804-f535-4d64-9ed3-f2cac7527d4c"
      unitRef="usd">3194000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzMtMTItMS0xLTA_7d3bb1f0-4d6d-47f4-9cc8-0f190a11eed7"
      unitRef="usd">198081000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestExpense
      contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzQtMi0xLTEtMA_17fd06df-c58e-4180-be86-e07f8003f790"
      unitRef="usd">37562000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzQtNC0xLTEtMA_b7a0437b-4fe9-445f-8ef4-b59771e35d3e"
      unitRef="usd">32353000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzQtOC0xLTEtMA_7d6c6f07-9fe2-4e9b-a3de-7b3eb79394f6"
      unitRef="usd">62501000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzQtMTAtMS0xLTA_d788f2fe-a78e-4391-89ce-046665b379a7"
      unitRef="usd">14255000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzQtMTItMS0xLTA_0fdefae3-0f20-46f5-ab15-c1a7db0095d2"
      unitRef="usd">146671000</us-gaap:InterestExpense>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzUtMi0xLTEtMA_d86615d5-9d7e-4e9f-a0e4-04327a41d46e"
      unitRef="usd">23069000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzUtNC0xLTEtMA_6fbb4056-39b3-46b5-9463-ee5ce6df93fc"
      unitRef="usd">20707000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzUtOC0xLTEtMA_c5fd608e-1c38-4ced-b400-3d3558642042"
      unitRef="usd">18695000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzUtMTAtMS0xLTA_c646143b-fc6d-4e32-a409-64846862ea98"
      unitRef="usd">-11061000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzUtMTItMS0xLTA_5ebf7a68-54c7-4a27-9d90-57b585f0d8db"
      unitRef="usd">51410000</us-gaap:InterestIncomeExpenseNet>
    <rwt:MortgageBankingActivitiesNet
      contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzctMi0xLTEtMA_787fc67b-dcfb-4576-bc93-19ce64e9bc63"
      unitRef="usd">-23081000</rwt:MortgageBankingActivitiesNet>
    <rwt:MortgageBankingActivitiesNet
      contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzctNC0xLTEtMA_7ce0a439-bb52-4c85-adea-e6f931ed78f3"
      unitRef="usd">-5821000</rwt:MortgageBankingActivitiesNet>
    <rwt:MortgageBankingActivitiesNet
      contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzctOC0xLTEtMA_94db6f20-24c4-46cd-81a8-eb23038ac136"
      unitRef="usd">0</rwt:MortgageBankingActivitiesNet>
    <rwt:MortgageBankingActivitiesNet
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzctMTAtMS0xLTA_4dabeaee-5a8b-45da-a3fd-0c02742969cf"
      unitRef="usd">0</rwt:MortgageBankingActivitiesNet>
    <rwt:MortgageBankingActivitiesNet
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzctMTItMS0xLTA_2bebd9fb-bd9f-4084-80d7-afbe4f40fa16"
      unitRef="usd">-28902000</rwt:MortgageBankingActivitiesNet>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzgtMi0xLTEtMA_a82ae53e-e90e-476f-82ac-7c4bccb03335"
      unitRef="usd">-196635000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzgtNC0xLTEtMA_0bf0deb4-92a2-484d-acda-b57648f010f8"
      unitRef="usd">-142130000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzgtOC0xLTEtMA_4483f0a4-6d0f-441f-82d1-bbcab7efe125"
      unitRef="usd">-531558000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzgtMTAtMS0xLTA_f1d33638-688d-4376-aeeb-017a6d36a164"
      unitRef="usd">-509000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzgtMTItMS0xLTA_24bb137c-eed9-4b20-b8b0-cbfed0079108"
      unitRef="usd">-870832000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:OtherOperatingIncomeExpenseNet
      contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzktMi0xLTEtMA_baf20bde-268e-4eeb-b854-aa938fea2517"
      unitRef="usd">-497000</us-gaap:OtherOperatingIncomeExpenseNet>
    <us-gaap:OtherOperatingIncomeExpenseNet
      contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzktNC0xLTEtMA_50ad084d-005d-4615-8d26-f431b5df2915"
      unitRef="usd">2184000</us-gaap:OtherOperatingIncomeExpenseNet>
    <us-gaap:OtherOperatingIncomeExpenseNet
      contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzktOC0xLTEtMA_c47a7f71-f58e-48ca-89cb-19ba38e44936"
      unitRef="usd">1241000</us-gaap:OtherOperatingIncomeExpenseNet>
    <us-gaap:OtherOperatingIncomeExpenseNet
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzktMTAtMS0xLTA_50ed5565-b7f6-4f62-8054-cd0bc3724585"
      unitRef="usd">0</us-gaap:OtherOperatingIncomeExpenseNet>
    <us-gaap:OtherOperatingIncomeExpenseNet
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzktMTItMS0xLTA_5caca62c-c520-462d-98ff-b144d5982b4c"
      unitRef="usd">2928000</us-gaap:OtherOperatingIncomeExpenseNet>
    <us-gaap:RealizedInvestmentGainsLosses
      contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEwLTItMS0xLTA_70702ee9-f1b1-4139-b4d7-97c2715115b2"
      unitRef="usd">1796000</us-gaap:RealizedInvestmentGainsLosses>
    <us-gaap:RealizedInvestmentGainsLosses
      contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEwLTQtMS0xLTA_129ccc9d-f7ce-478d-9cf1-d5a6f08b6490"
      unitRef="usd">0</us-gaap:RealizedInvestmentGainsLosses>
    <us-gaap:RealizedInvestmentGainsLosses
      contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEwLTgtMS0xLTA_e27c9f28-10d0-4a8c-9861-b8078fa25a46"
      unitRef="usd">2056000</us-gaap:RealizedInvestmentGainsLosses>
    <us-gaap:RealizedInvestmentGainsLosses
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEwLTEwLTEtMS0w_4379542c-6b5b-4e82-bb3a-cfd216dc1910"
      unitRef="usd">0</us-gaap:RealizedInvestmentGainsLosses>
    <us-gaap:RealizedInvestmentGainsLosses
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEwLTEyLTEtMS0w_1f122b2b-0150-42e0-ac9a-8538bea5036b"
      unitRef="usd">3852000</us-gaap:RealizedInvestmentGainsLosses>
    <us-gaap:NoninterestIncome
      contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzExLTItMS0xLTA_8edbafca-405f-464c-b3a9-97b2edc9d781"
      unitRef="usd">-218417000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzExLTQtMS0xLTA_4c8e6835-cac0-4b21-81ff-1c53d9fc48f6"
      unitRef="usd">-145767000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzExLTgtMS0xLTA_f3567877-3d49-4bac-9a54-67a5313fcbc2"
      unitRef="usd">-528261000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzExLTEwLTEtMS0w_3a780138-20ed-418a-966b-71e041057b83"
      unitRef="usd">-509000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzExLTEyLTEtMS0w_1cdd865d-702b-4069-b844-ea91edc8da9d"
      unitRef="usd">-892954000</us-gaap:NoninterestIncome>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEyLTItMS0xLTA_0f41cc19-4e39-4fdb-af58-5a1eb1a5d882"
      unitRef="usd">4599000</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEyLTQtMS0xLTA_1bdb6d2d-a0d3-43dc-b709-42d5c590a5ab"
      unitRef="usd">11640000</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEyLTgtMS0xLTA_55f94855-ebf4-4ae7-af5a-4b2ed0cc7e19"
      unitRef="usd">1535000</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEyLTEwLTEtMS0w_ee4fa943-0f09-4409-9f18-fc1f378016d7"
      unitRef="usd">10908000</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEyLTEyLTEtMS0w_52b8e7bb-ea82-4927-92dd-a30e997e1c1f"
      unitRef="usd">28682000</us-gaap:GeneralAndAdministrativeExpense>
    <rwt:LoanAcquisitionCosts
      contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEzLTItMS0xLTA_10712537-9a25-47d8-8432-92a8e822278c"
      unitRef="usd">1033000</rwt:LoanAcquisitionCosts>
    <rwt:LoanAcquisitionCosts
      contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEzLTQtMS0xLTA_37cc2ab4-9eac-4994-ac21-14d777592ddf"
      unitRef="usd">2693000</rwt:LoanAcquisitionCosts>
    <rwt:LoanAcquisitionCosts
      contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEzLTgtMS0xLTA_65172a95-2eef-46a3-ae86-142131a89be7"
      unitRef="usd">253000</rwt:LoanAcquisitionCosts>
    <rwt:LoanAcquisitionCosts
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEzLTEwLTEtMS0w_e7dd88a0-d90a-44de-98f1-688c55a3410d"
      unitRef="usd">7000</rwt:LoanAcquisitionCosts>
    <rwt:LoanAcquisitionCosts
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzEzLTEyLTEtMS0w_75efbc13-f171-4fa2-824e-56f8b9bfa517"
      unitRef="usd">3986000</rwt:LoanAcquisitionCosts>
    <us-gaap:OtherExpenses
      contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE0LTItMS0xLTA_de6d5cd3-10e7-4912-b836-90894e70e232"
      unitRef="usd">0</us-gaap:OtherExpenses>
    <us-gaap:OtherExpenses
      contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE0LTQtMS0xLTA_9539e859-9eaf-4af1-9153-82875639f20f"
      unitRef="usd">92985000</us-gaap:OtherExpenses>
    <us-gaap:OtherExpenses
      contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE0LTgtMS0xLTA_13037908-8e91-4cf6-823d-0eef8c312a66"
      unitRef="usd">-1882000</us-gaap:OtherExpenses>
    <us-gaap:OtherExpenses
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE0LTEwLTEtMS0w_4a362d78-8447-4755-95e0-849fe9ce7d19"
      unitRef="usd">312000</us-gaap:OtherExpenses>
    <us-gaap:OtherExpenses
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE0LTEyLTEtMS0w_b028c388-454f-4e88-bad6-a920383f46d4"
      unitRef="usd">91415000</us-gaap:OtherExpenses>
    <us-gaap:IncomeTaxExpenseBenefit
      contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE1LTItMS0xLTA_58db7ab8-cb47-425f-b930-3393495ee045"
      unitRef="usd">-5330000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit
      contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE1LTQtMS0xLTA_bb11ed48-7872-4416-9cb4-864301be3eb5"
      unitRef="usd">-6582000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit
      contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE1LTgtMS0xLTA_4bb6f067-7436-4e12-8a55-adf4014371da"
      unitRef="usd">-10317000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE1LTEwLTEtMS0w_4102aef1-8fbd-482a-982d-271a298ce583"
      unitRef="usd">0</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE1LTEyLTEtMS0w_816058df-b972-4ea3-8cdd-e78b12723b8b"
      unitRef="usd">-22229000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:NetIncomeLoss
      contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE2LTItMS0xLTA_0dd00cf4-2c17-4e60-910b-ab7eb1a632ae"
      unitRef="usd">-195650000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE2LTQtMS0xLTA_9c0418b3-5d1b-4c9e-8ce6-495dd3ff918d"
      unitRef="usd">-225796000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE2LTgtMS0xLTA_651610d1-89d1-464a-a655-cfd39549a962"
      unitRef="usd">-499155000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE2LTEwLTEtMS0w_60384f04-071d-4beb-8099-3677a81b8dac"
      unitRef="usd">-22797000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE3LTEyLTEtMS0w_dcb2c00f-fff2-481c-9142-e8361db9f9c3"
      unitRef="usd">-943398000</us-gaap:NetIncomeLoss>
    <us-gaap:AdjustmentForAmortization
      contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE4LTItMS0xLTA_ba6f8b23-631c-4cdb-aef2-b0c1f5f4ba9e"
      unitRef="usd">367000</us-gaap:AdjustmentForAmortization>
    <us-gaap:AdjustmentForAmortization
      contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE4LTQtMS0xLTA_cb4faff7-9d1f-4315-b7dc-3295305706de"
      unitRef="usd">-5363000</us-gaap:AdjustmentForAmortization>
    <us-gaap:AdjustmentForAmortization
      contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE4LTgtMS0xLTA_22c6737c-52c3-4e94-bd2f-ccb2f1171508"
      unitRef="usd">866000</us-gaap:AdjustmentForAmortization>
    <us-gaap:AdjustmentForAmortization
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE4LTEwLTEtMS0w_42362f84-aa56-4a12-b802-423019ce5ce5"
      unitRef="usd">-367000</us-gaap:AdjustmentForAmortization>
    <us-gaap:AdjustmentForAmortization
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE4LTEyLTEtMS0w_aab30bb4-c957-42de-9c00-322339f52d5b"
      unitRef="usd">-4497000</us-gaap:AdjustmentForAmortization>
    <us-gaap:GoodwillImpairmentLoss
      contextRef="ic989af4ac3ff4ec392a7e9d32c6da29f_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE5LTItMS0xLTIxNTU_5aae7553-f9ef-4ed2-bab8-c46a4061428f"
      unitRef="usd">0</us-gaap:GoodwillImpairmentLoss>
    <us-gaap:GoodwillImpairmentLoss
      contextRef="iec5c7a49025742389623da63c14dc16b_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE5LTQtMS0xLTIxNTU_710b93bd-a78d-4199-81c6-1e651c741c58"
      unitRef="usd">88675000</us-gaap:GoodwillImpairmentLoss>
    <us-gaap:GoodwillImpairmentLoss
      contextRef="iab765bb7ca3c44d3a7ec44cec951da92_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE5LTYtMS0xLTIxNTU_ce02c5a4-6ef2-40db-b72f-c2da09c51953"
      unitRef="usd">0</us-gaap:GoodwillImpairmentLoss>
    <us-gaap:GoodwillImpairmentLoss
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE5LTgtMS0xLTIxNTU_140293c3-8b8a-429c-a726-e0befa157e17"
      unitRef="usd">0</us-gaap:GoodwillImpairmentLoss>
    <us-gaap:GoodwillImpairmentLoss
      contextRef="i775a5a0835a243658c1ac1d10468ea03_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo3YjYwZDk5NTc2ZmI0YjIxODI5ZDk4MTdiNTgxZThhNy90YWJsZXJhbmdlOjdiNjBkOTk1NzZmYjRiMjE4MjlkOTgxN2I1ODFlOGE3XzE5LTEwLTEtMS00MDY5_9beabf1f-f3b3-410a-92e3-59f937ca499b"
      unitRef="usd">88675000</us-gaap:GoodwillImpairmentLoss>
    <rwt:ScheduleOfCorporateAndOtherTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90ZXh0cmVnaW9uOjM1YjcxNjVmZWQ3ZTRhZTc4YWNjYjY3MmE4ZGFmMjk4XzU4Mzk_17b54838-a3d7-41d0-90a7-5509712708ab">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the components of Corporate/Other for the three months ended March&#160;31, 2021 and 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align:center"&gt;&lt;span&gt;&lt;br/&gt;&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 23.2 &#x2013; Components of Corporate/Other &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:29.637%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.582%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.331%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.331%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.582%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.331%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.495%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:9.336%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="33" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Three Months Ended March 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="15" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="15" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;2020&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy Consolidated VIEs &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Legacy Consolidated VIEs &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;&#160;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,348&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,362&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,194&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(875)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(9,386)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(10,261)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,522)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(11,733)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(14,255)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Net interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;473&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(9,372)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(8,899)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;672&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(11,733)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(11,061)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Non-interest income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Investment fair value changes, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(699)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(674)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(391)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(118)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(509)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;147&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;147&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total non-interest income, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(699)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;172&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(527)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(391)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(118)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(509)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;General and administrative expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(17,504)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(17,504)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(10,908)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(10,908)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loan acquisition costs&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(7)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(7)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other expenses&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(312)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(312)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(226)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(26,691)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(26,917)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;281&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(23,078)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(22,797)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:5pt;padding-left:18pt;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;(1) &#160;&#160;&#160;&#160;Legacy consolidated VIEs represent Legacy Sequoia entities that are consolidated for GAAP financial reporting purposes. See &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%"&gt;Note 4 &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;for further discussion on VIEs.&lt;/span&gt;&lt;/div&gt;</rwt:ScheduleOfCorporateAndOtherTableTextBlock>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzMtMi0xLTEtMA_59d020df-a42b-48af-8ea6-57067fbeccec"
      unitRef="usd">1348000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzMtNC0xLTEtMA_b0f6f58e-7354-4e25-bcfc-b6149ed3262e"
      unitRef="usd">14000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzMtNi0xLTEtMA_32f16911-2c16-4d13-9921-e2a4732fdebd"
      unitRef="usd">1362000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzMtOC0xLTEtMA_c3b273e7-cad5-46aa-a97d-53d2037833c4"
      unitRef="usd">3194000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzMtMTAtMS0xLTA_1573bc96-a0fa-4ea2-a0d9-0d2ae5367799"
      unitRef="usd">0</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestAndDividendIncomeOperating
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzMtMTItMS0xLTA_3faa9489-18f3-4d2f-94d3-27d7755d16b7"
      unitRef="usd">3194000</us-gaap:InterestAndDividendIncomeOperating>
    <us-gaap:InterestExpense
      contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzQtMi0xLTEtMA_4b61c6d5-3c9e-4318-b97e-7e7b117b34b6"
      unitRef="usd">875000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzQtNC0xLTEtMA_e5d2ed9b-cdad-44ac-af0a-819445ba1659"
      unitRef="usd">9386000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzQtNi0xLTEtMA_0c13e844-833d-475b-9b2b-70f58fcec74b"
      unitRef="usd">10261000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzQtOC0xLTEtMA_c3d74b52-bbf1-473e-8e52-b5657c4a097b"
      unitRef="usd">2522000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzQtMTAtMS0xLTA_9f68accf-2870-4a56-b172-37fb09ee155e"
      unitRef="usd">11733000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzQtMTItMS0xLTA_70b81570-26a0-4cb8-b66f-d5f2b6051da8"
      unitRef="usd">14255000</us-gaap:InterestExpense>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzUtMi0xLTEtMA_98723aee-81d0-48fd-9135-db8174333c42"
      unitRef="usd">473000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzUtNC0xLTEtMA_425c124b-172e-4d5e-8861-59560ebb1d6d"
      unitRef="usd">-9372000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzUtNi0xLTEtMA_9ea6c057-8797-42bc-be46-e84e6187849d"
      unitRef="usd">-8899000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzUtOC0xLTEtMA_1fda13c6-2bf3-426e-a5eb-1ff57c89f0fd"
      unitRef="usd">672000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzUtMTAtMS0xLTA_bb7308b3-fec7-4be0-81b8-b67ec5eb0ece"
      unitRef="usd">-11733000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:InterestIncomeExpenseNet
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzUtMTItMS0xLTA_76cbe832-447f-4322-876a-36087e4bfa37"
      unitRef="usd">-11061000</us-gaap:InterestIncomeExpenseNet>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzgtMi0xLTEtMA_83d631ce-5519-4149-be0a-c7f36f56f1bd"
      unitRef="usd">-699000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzgtNC0xLTEtMA_57914697-543a-48d5-bc2b-a7407d1f6388"
      unitRef="usd">25000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzgtNi0xLTEtMA_bf61ea3a-5137-44f4-af9c-f5073a5feec2"
      unitRef="usd">-674000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzgtOC0xLTEtMA_994dcbdf-7899-4dbb-9b87-a66b3ed21a66"
      unitRef="usd">-391000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzgtMTAtMS0xLTA_4fdfee6a-de11-4cb1-ab37-0bc5722edf70"
      unitRef="usd">-118000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:UnrealizedGainLossOnInvestments
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzgtMTItMS0xLTA_5de178a2-59dd-497d-b7ed-6d1e0bf48c29"
      unitRef="usd">-509000</us-gaap:UnrealizedGainLossOnInvestments>
    <us-gaap:OtherNonoperatingIncomeExpense
      contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzktMi0xLTEtMA_0d10e434-71c7-4a74-9e87-ba4f10d869db"
      unitRef="usd">0</us-gaap:OtherNonoperatingIncomeExpense>
    <us-gaap:OtherNonoperatingIncomeExpense
      contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzktNC0xLTEtMA_ad253525-60e6-465e-a0d2-a5347b02f05c"
      unitRef="usd">147000</us-gaap:OtherNonoperatingIncomeExpense>
    <us-gaap:OtherNonoperatingIncomeExpense
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzktNi0xLTEtMA_637ec257-2492-4af8-a240-4167f3ce93b7"
      unitRef="usd">147000</us-gaap:OtherNonoperatingIncomeExpense>
    <us-gaap:OtherNonoperatingIncomeExpense
      contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzktOC0xLTEtMA_e65862ef-32b3-444d-ae62-6ce9e4ac4a35"
      unitRef="usd">0</us-gaap:OtherNonoperatingIncomeExpense>
    <us-gaap:OtherNonoperatingIncomeExpense
      contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzktMTAtMS0xLTA_ccd41617-94b8-4f6f-aa85-e259ea81dbf4"
      unitRef="usd">0</us-gaap:OtherNonoperatingIncomeExpense>
    <us-gaap:OtherNonoperatingIncomeExpense
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzktMTItMS0xLTA_9f3c78bf-6486-4c29-af2f-c0e64d11cf48"
      unitRef="usd">0</us-gaap:OtherNonoperatingIncomeExpense>
    <us-gaap:NoninterestIncome
      contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzExLTItMS0xLTA_90178c1d-a2d6-47ee-91eb-ed13b4ebae2d"
      unitRef="usd">-699000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzExLTQtMS0xLTA_64121295-ba60-444d-a996-865f24b2b581"
      unitRef="usd">172000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzExLTYtMS0xLTA_68cc557f-7285-40e8-a177-e301f951d59e"
      unitRef="usd">-527000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzExLTgtMS0xLTA_53b63a56-faca-4103-94db-54fa8f58fa47"
      unitRef="usd">-391000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzExLTEwLTEtMS0w_8bc7ab01-7326-4c82-89b5-411d8db1bfd5"
      unitRef="usd">-118000</us-gaap:NoninterestIncome>
    <us-gaap:NoninterestIncome
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzExLTEyLTEtMS0w_ee0acb4f-7c17-45d0-ac68-2e089fbb7792"
      unitRef="usd">-509000</us-gaap:NoninterestIncome>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEyLTItMS0xLTA_63a9212f-e5e8-4c76-bff9-055d6ffcbecd"
      unitRef="usd">0</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEyLTQtMS0xLTA_8f690c4e-1532-4413-a0ee-a5a9cd07d793"
      unitRef="usd">17504000</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEyLTYtMS0xLTA_c89bd126-e45c-44a3-bacf-8f0ebd987a4b"
      unitRef="usd">17504000</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEyLTgtMS0xLTA_031c5aa3-d4a8-4708-bae5-9c595f1dc29a"
      unitRef="usd">0</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEyLTEwLTEtMS0w_91c2456d-3038-4dc2-ab4f-a4e2298c14c0"
      unitRef="usd">10908000</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEyLTEyLTEtMS0w_5317cce7-c7b9-4f1b-a353-779d5585dac9"
      unitRef="usd">10908000</us-gaap:GeneralAndAdministrativeExpense>
    <rwt:LoanAcquisitionCosts
      contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEzLTItMS0xLTA_5f3b801f-c12b-42c2-999c-fac20d77c46c"
      unitRef="usd">0</rwt:LoanAcquisitionCosts>
    <rwt:LoanAcquisitionCosts
      contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEzLTQtMS0xLTA_2da1cf8d-2e49-4fb0-bc1f-1d2479a6122e"
      unitRef="usd">4000</rwt:LoanAcquisitionCosts>
    <rwt:LoanAcquisitionCosts
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEzLTYtMS0xLTA_b4e7c5e7-2e41-466a-a8a1-d44f47b7f2c2"
      unitRef="usd">4000</rwt:LoanAcquisitionCosts>
    <rwt:LoanAcquisitionCosts
      contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEzLTgtMS0xLTA_b907854b-3fe2-432e-b215-e545e2462148"
      unitRef="usd">0</rwt:LoanAcquisitionCosts>
    <rwt:LoanAcquisitionCosts
      contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEzLTEwLTEtMS0w_869b1e13-a02e-40e2-ac7e-7d27694bc763"
      unitRef="usd">7000</rwt:LoanAcquisitionCosts>
    <rwt:LoanAcquisitionCosts
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzEzLTEyLTEtMS0w_8205805b-cc34-4865-ad60-b7e34a4e733b"
      unitRef="usd">7000</rwt:LoanAcquisitionCosts>
    <us-gaap:OtherExpenses
      contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE0LTItMS0xLTA_109661b8-1cdd-4e01-8fb9-1b77d0ac929f"
      unitRef="usd">0</us-gaap:OtherExpenses>
    <us-gaap:OtherExpenses
      contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE0LTQtMS0xLTA_a3c34246-69ea-40fe-9194-fc00504c8bb9"
      unitRef="usd">-17000</us-gaap:OtherExpenses>
    <us-gaap:OtherExpenses
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE0LTYtMS0xLTA_b9bd3839-3480-4c0c-8d2c-e0da16fbb25e"
      unitRef="usd">-17000</us-gaap:OtherExpenses>
    <us-gaap:OtherExpenses
      contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE0LTgtMS0xLTA_723aa936-1687-4c63-960e-e5e475c6a9d8"
      unitRef="usd">0</us-gaap:OtherExpenses>
    <us-gaap:OtherExpenses
      contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE0LTEwLTEtMS0w_a5c1d427-022b-406c-a32e-9f800b6b59ba"
      unitRef="usd">312000</us-gaap:OtherExpenses>
    <us-gaap:OtherExpenses
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE0LTEyLTEtMS0w_b29877a6-c30d-45ce-aaae-04ccb5c8accd"
      unitRef="usd">312000</us-gaap:OtherExpenses>
    <us-gaap:NetIncomeLoss
      contextRef="i2d4e2e1bce784ea18cb9e03843623c11_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE2LTItMS0xLTA_1938934a-0c98-4311-9f05-1a72f0b9b021"
      unitRef="usd">-226000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i07ffd6a2d5134326a0ca4556e8c32cce_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE2LTQtMS0xLTA_92ebc3db-3311-4a30-a878-d3c1578727cc"
      unitRef="usd">-26691000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE2LTYtMS0xLTA_baf712bc-3f9b-46e2-a348-3cb87fbf0b50"
      unitRef="usd">-26917000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i9c35bc629ff642278bf731b4af7f73d7_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE2LTgtMS0xLTA_4b643956-fc24-43cb-a192-60a78f873763"
      unitRef="usd">281000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="ica0b7f8832fa464fafbd52731c4e673d_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE2LTEwLTEtMS0w_e0071b59-d4a8-4f32-a997-9ec9ae44b190"
      unitRef="usd">-23078000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss
      contextRef="i233f0c234d164117bb1a7382f5d94083_D20200101-20200331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTo5MWQwNzdjZGJhYjk0Y2MyOTIyYTUxZWJjOTZiOGFlOC90YWJsZXJhbmdlOjkxZDA3N2NkYmFiOTRjYzI5MjJhNTFlYmM5NmI4YWU4XzE2LTEyLTEtMS0w_9f355edc-39a9-43d0-82f6-cb59cc050ce8"
      unitRef="usd">-22797000</us-gaap:NetIncomeLoss>
    <rwt:SupplementalBalanceSheetTableTextBlock
      contextRef="i9642d4f42dc14e66b5f450e474281296_D20210101-20210331"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90ZXh0cmVnaW9uOjM1YjcxNjVmZWQ3ZTRhZTc4YWNjYjY3MmE4ZGFmMjk4XzU4NDQ_b392a5c4-3599-44fe-bcc0-e7610565604f">&lt;div style="margin-top:8pt;text-align:justify;text-indent:18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents supplemental information by segment at March&#160;31, 2021 and December&#160;31, 2020.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Table 23.3 &#x2013; Supplemental Segment Information &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:37.788%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.427%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:0.494%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;td style="width:1.0%"/&gt;&lt;td style="width:10.434%"/&gt;&lt;td style="width:0.1%"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;(In Thousands)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Residential Lending&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Business Purpose Lending&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Third-Party Investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;&#160;Corporate/&lt;br/&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"/&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;March 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,272,624&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,154,351&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;274,861&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,701,836&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Business purpose loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,172,120&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,172,120&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Multifamily loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;489,545&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real estate securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;167,040&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;197,280&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;364,320&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,945&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19,405&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;293,776&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,453&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;322,579&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Intangible assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52,992&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52,992&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,601,672&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,359,491&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,155,645&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;780,040&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,896,848&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr style="height:14pt"&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;December 31, 2020&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Residential loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,741,963&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,221,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;285,935&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,249,051&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Business purpose loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,136,353&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,136,353&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Multifamily loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;492,221&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real estate securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;160,780&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;183,345&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;344,125&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other investments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,815&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,627&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;317,282&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;451&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;348,175&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Intangible assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;56,865&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;56,865&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,989,802&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,323,040&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="display:none"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,232,415&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;809,809&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"/&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,355,066&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</rwt:SupplementalBalanceSheetTableTextBlock>
    <us-gaap:NotesReceivableNet
      contextRef="i0b446577062a4b498b7f4f342974e923_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzItMi0xLTEtMA_33e90c3c-40c1-4ec9-b240-3d4be08c1535"
      unitRef="usd">2272624000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i5d1f02cf9b1243ad94655747a74be819_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzItNC0xLTEtMA_1546d5da-c2c2-4c45-b455-b60c095b274b"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i2b98a328bc604feb959d36b2251946f6_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzItOC0xLTEtMA_f1335a98-fcf4-4516-99b7-c4f66c693cef"
      unitRef="usd">2154351000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ic50816f73586464a9d7f8c5a858e0c15_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzItMTAtMS0xLTA_39ed2d87-d2bf-4aad-9d03-d77e2c892f8e"
      unitRef="usd">274861000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i3f4eed86e22440d5b938d23d71da2c6c_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzItMTItMS0xLTA_7d56cf22-36dc-4862-81d7-6ce721130a56"
      unitRef="usd">4701836000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i4381d3685a4b4726a635a5fe2309387a_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzMtMi0xLTEtMA_d85449a1-2127-433a-bc0b-1f48cefc5998"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ia4a4c70436864fbea74556e381638ab6_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzMtNC0xLTEtMA_551c8d27-7fa4-457d-a7ea-b8c14fae352a"
      unitRef="usd">4172120000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i449dffa3d4f24cf4aa503dd5c6507d6f_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzMtOC0xLTEtMA_9f155343-d4aa-4594-9d9c-0fbc222d6a79"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i6920f9c081964173bf899340802ad329_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzMtMTAtMS0xLTA_216e5689-edc7-43b7-b9b7-724a47dc73eb"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ib856867539264825b5a130dcb087aa05_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzMtMTItMS0xLTA_520fc9dd-b9c8-429f-9e62-3c424e1bcad4"
      unitRef="usd">4172120000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i11cd84a1563148b4a3558e228aad19a0_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzQtMi0xLTEtMA_a426accd-afdd-4eba-9880-06cb23bb5ac5"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i74aafb79552c463da71ec67ea649f625_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzQtNC0xLTEtMA_74cbb6e2-dd8c-4eb2-8803-04b7745ef1da"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i641afe241dcc40e0aa07e9c1c8ec62e1_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzQtOC0xLTEtMA_6f4c5dd2-0663-428b-bb91-feb898087baf"
      unitRef="usd">489545000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i107ec6590e684739b07db4d71d869b4d_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzQtMTAtMS0xLTA_5c7bd16d-f257-47cd-bccd-1ce7e7e4fb1b"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i964438647d194aa7ac324fb9833aaea2_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzQtMTItMS0xLTA_0bcc1725-3cfc-4016-b672-5d2332dc6d63"
      unitRef="usd">489545000</us-gaap:NotesReceivableNet>
    <us-gaap:MarketableSecurities
      contextRef="ib096abb3ca4a45aba5765fa95c80b7cd_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzUtMi0xLTEtMA_3aa7b574-9e47-4e11-9644-7ae313844aed"
      unitRef="usd">167040000</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="ia6849b9d448c4cc7a051feed149edcd3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzUtNC0xLTEtMA_588a55df-fa3d-4eb5-9592-109dabe5ca46"
      unitRef="usd">0</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="i76c6992a729d489785f44905d8e9cb77_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzUtOC0xLTEtMA_1841ce1d-85dc-4fad-a022-29033f348870"
      unitRef="usd">197280000</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="idd7e953d5bb4457aa472787ac9b088ab_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzUtMTAtMS0xLTA_3cdbe9e9-34a1-4e47-b1fc-4c29f7b30772"
      unitRef="usd">0</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzUtMTItMS0xLTA_d7024289-e63a-45af-9df5-5f069b28bdfa"
      unitRef="usd">364320000</us-gaap:MarketableSecurities>
    <us-gaap:OtherInvestments
      contextRef="ib096abb3ca4a45aba5765fa95c80b7cd_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzYtMi0xLTEtMA_7f0b910d-438d-45a3-a111-3270fdc0f25a"
      unitRef="usd">7945000</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="ia6849b9d448c4cc7a051feed149edcd3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzYtNC0xLTEtMA_c9acc594-c60a-46a5-8155-7e579fecbbfe"
      unitRef="usd">19405000</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="i76c6992a729d489785f44905d8e9cb77_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzYtOC0xLTEtMA_eea13c0f-f55f-4167-ac37-13698711bf33"
      unitRef="usd">293776000</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="idd7e953d5bb4457aa472787ac9b088ab_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzYtMTAtMS0xLTA_4591032d-d0a0-4d7b-9fdd-8976559f34a8"
      unitRef="usd">1453000</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzYtMTItMS0xLTA_f8ee2635-2121-4e8d-9acc-9dc1364e9733"
      unitRef="usd">322579000</us-gaap:OtherInvestments>
    <us-gaap:IntangibleAssetsNetIncludingGoodwill
      contextRef="ib096abb3ca4a45aba5765fa95c80b7cd_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzctMi0xLTEtMA_92bb6aa2-8915-44d4-b235-b31b5029ef27"
      unitRef="usd">0</us-gaap:IntangibleAssetsNetIncludingGoodwill>
    <us-gaap:IntangibleAssetsNetIncludingGoodwill
      contextRef="ia6849b9d448c4cc7a051feed149edcd3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzctNC0xLTEtMA_051a472e-c2fd-4c0d-a4eb-25123e218c1a"
      unitRef="usd">52992000</us-gaap:IntangibleAssetsNetIncludingGoodwill>
    <us-gaap:IntangibleAssetsNetIncludingGoodwill
      contextRef="i76c6992a729d489785f44905d8e9cb77_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzctOC0xLTEtMA_e1e9721f-1b83-4783-9502-4c9cee174a29"
      unitRef="usd">0</us-gaap:IntangibleAssetsNetIncludingGoodwill>
    <us-gaap:IntangibleAssetsNetIncludingGoodwill
      contextRef="idd7e953d5bb4457aa472787ac9b088ab_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzctMTAtMS0xLTA_ffd34af8-39be-4d88-b7e6-5c2aac6f219f"
      unitRef="usd">0</us-gaap:IntangibleAssetsNetIncludingGoodwill>
    <us-gaap:IntangibleAssetsNetIncludingGoodwill
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzctMTItMS0xLTA_675a2beb-5d6f-406a-8c58-784cafbcbd10"
      unitRef="usd">52992000</us-gaap:IntangibleAssetsNetIncludingGoodwill>
    <us-gaap:Assets
      contextRef="ib096abb3ca4a45aba5765fa95c80b7cd_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzgtMi0xLTEtMA_e27c62ef-d0d0-4c62-a47d-1fb49d925910"
      unitRef="usd">2601672000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="ia6849b9d448c4cc7a051feed149edcd3_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzgtNC0xLTEtMA_27a0e68a-315c-4f48-82ff-fc6659825c69"
      unitRef="usd">4359491000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="i76c6992a729d489785f44905d8e9cb77_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzgtOC0xLTEtMA_b35f7c5b-2fa1-4c9e-a5f1-38025d1b85e2"
      unitRef="usd">3155645000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="idd7e953d5bb4457aa472787ac9b088ab_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzgtMTAtMS0xLTA_7db14f44-b3f5-4b02-ba5e-28cda30980c8"
      unitRef="usd">780040000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="i37d854f74f774173a357ca5981737041_I20210331"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzgtMTItMS0xLTA_5556ecf6-5d72-4dde-bc2f-b714f790dd95"
      unitRef="usd">10896848000</us-gaap:Assets>
    <us-gaap:NotesReceivableNet
      contextRef="i858848236529409b8178f323a35df31c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzExLTItMS0xLTA_14df1365-f904-41e8-b6d2-1c61133d37a4"
      unitRef="usd">1741963000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i36cffcbcd4864928ab015783e7b2d5c6_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzExLTQtMS0xLTA_17308868-7de8-40a3-9929-bf25fac89e08"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ifcee3829dd264cb1965505560121a6f2_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzExLTgtMS0xLTA_3b6fc92c-c0c5-410d-ba19-177b16509687"
      unitRef="usd">2221153000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="id6aa88615d3b4a8893e6eb166190546a_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzExLTEwLTEtMS0w_8a5befdf-4342-40e7-b8d4-8560ecbd75c1"
      unitRef="usd">285935000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i1aefb35a31e24e29951a4903f7cb3534_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzExLTEyLTEtMS0w_bca80e36-a1d8-4220-9a65-74d04ef088a3"
      unitRef="usd">4249051000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="icc3b9abe32e94031bbf0a045d56f153b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEyLTItMS0xLTA_ed3192d0-b353-492a-b129-d9bc6d30667d"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i087fa292913740679efae66c961b93f3_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEyLTQtMS0xLTA_938e4a44-0643-4d7a-8d55-003c6ecc5d1c"
      unitRef="usd">4136353000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i752b1631ee3c4375bae7fb74b2625327_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEyLTgtMS0xLTA_fe435a37-88a3-4404-ac2f-6db6c46ff4b6"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="ia4435ac9cb8d462ca0e94c770f6fa2bf_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEyLTEwLTEtMS0w_4747f247-8944-4bc7-a9c4-4766f4d0020a"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i251b3f26426f43a29e991078cae324a2_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEyLTEyLTEtMS0w_6c7a0afc-a254-4143-a11f-1550b60a4aa0"
      unitRef="usd">4136353000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i4063db8c4ff54382bba1ed0772f0ad5b_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEzLTItMS0xLTA_4eb5dc95-ca37-442b-a08f-e4704389e22a"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i1538dca86c624ddaa87d70ac7fad1199_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEzLTQtMS0xLTA_8c8a5c24-5a08-44de-acdc-5b213d511ea6"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i075420a6c07e43dca017accf8762cd15_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEzLTgtMS0xLTA_7eb43654-1e7a-4cf7-9631-f17698f2089c"
      unitRef="usd">492221000</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i30a8f2011bb340f29560ae797d8e130e_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEzLTEwLTEtMS0w_036cf2f3-a336-47ad-8eeb-40f2bbfb6a04"
      unitRef="usd">0</us-gaap:NotesReceivableNet>
    <us-gaap:NotesReceivableNet
      contextRef="i7376b80ab9f84625a78cb2334e023c03_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzEzLTEyLTEtMS0w_69782e4d-697d-4e22-bce8-9fc924bd07e0"
      unitRef="usd">492221000</us-gaap:NotesReceivableNet>
    <us-gaap:MarketableSecurities
      contextRef="i3c7b74e73a6744b4bb3b405d8f12a39f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE0LTItMS0xLTA_0c936488-e800-44e3-84df-e618b5a53676"
      unitRef="usd">160780000</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="i36259b4137f24b1ba70665955e850873_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE0LTQtMS0xLTA_64901c60-1ce8-4091-8e9d-d642c69f6639"
      unitRef="usd">0</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="i3e65ebf92238415d862dc867aa5d456c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE0LTgtMS0xLTA_0fddf81a-dbb7-45f5-9854-aa315a0ed412"
      unitRef="usd">183345000</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="i52592161966f4f5fa21b05a458c997ca_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE0LTEwLTEtMS0w_7770db83-c2ae-4cbc-8721-233504245869"
      unitRef="usd">0</us-gaap:MarketableSecurities>
    <us-gaap:MarketableSecurities
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE0LTEyLTEtMS0w_8af11611-d10f-4f09-a196-0031991be7f8"
      unitRef="usd">344125000</us-gaap:MarketableSecurities>
    <us-gaap:OtherInvestments
      contextRef="i3c7b74e73a6744b4bb3b405d8f12a39f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE1LTItMS0xLTA_48a6506b-119f-4fc1-bc90-959d7b286543"
      unitRef="usd">8815000</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="i36259b4137f24b1ba70665955e850873_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE1LTQtMS0xLTA_65a73fc1-e77e-48c3-b4be-19e124bc0511"
      unitRef="usd">21627000</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="i3e65ebf92238415d862dc867aa5d456c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE1LTgtMS0xLTA_bbe0d50b-b390-4b6a-b5b5-1176f1a5a86a"
      unitRef="usd">317282000</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="i52592161966f4f5fa21b05a458c997ca_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE1LTEwLTEtMS0w_ecd138e5-c6f6-44ca-a9a3-b5d96dbcd5f6"
      unitRef="usd">451000</us-gaap:OtherInvestments>
    <us-gaap:OtherInvestments
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE1LTEyLTEtMS0w_ff188297-8ee5-431c-a954-64a84fc107b0"
      unitRef="usd">348175000</us-gaap:OtherInvestments>
    <us-gaap:IntangibleAssetsNetIncludingGoodwill
      contextRef="i3c7b74e73a6744b4bb3b405d8f12a39f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE2LTItMS0xLTA_0df48f72-822f-40cf-8c5d-9097c0b42304"
      unitRef="usd">0</us-gaap:IntangibleAssetsNetIncludingGoodwill>
    <us-gaap:IntangibleAssetsNetIncludingGoodwill
      contextRef="i36259b4137f24b1ba70665955e850873_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE2LTQtMS0xLTA_60812d69-bdf8-4438-9e34-eb57bdb985b7"
      unitRef="usd">56865000</us-gaap:IntangibleAssetsNetIncludingGoodwill>
    <us-gaap:IntangibleAssetsNetIncludingGoodwill
      contextRef="i3e65ebf92238415d862dc867aa5d456c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE2LTgtMS0xLTA_a2da306f-4051-47da-b848-a84fc959d421"
      unitRef="usd">0</us-gaap:IntangibleAssetsNetIncludingGoodwill>
    <us-gaap:IntangibleAssetsNetIncludingGoodwill
      contextRef="i52592161966f4f5fa21b05a458c997ca_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE2LTEwLTEtMS0w_f2bfaa83-866c-4471-8757-0e9f9230acce"
      unitRef="usd">0</us-gaap:IntangibleAssetsNetIncludingGoodwill>
    <us-gaap:IntangibleAssetsNetIncludingGoodwill
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE2LTEyLTEtMS0w_fd3f5c95-918b-43c0-9ba4-ae95ea3c4ff2"
      unitRef="usd">56865000</us-gaap:IntangibleAssetsNetIncludingGoodwill>
    <us-gaap:Assets
      contextRef="i3c7b74e73a6744b4bb3b405d8f12a39f_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE3LTItMS0xLTA_8eb3ee73-2abd-48da-841d-1b4b6a25df98"
      unitRef="usd">1989802000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="i36259b4137f24b1ba70665955e850873_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE3LTQtMS0xLTA_957e0ccf-a0ef-4dd4-b5e6-bb162cc6ed7e"
      unitRef="usd">4323040000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="i3e65ebf92238415d862dc867aa5d456c_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE3LTgtMS0xLTA_e00b8fee-e9f6-4813-a052-0390529f736f"
      unitRef="usd">3232415000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="i52592161966f4f5fa21b05a458c997ca_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE3LTEwLTEtMS0w_7ae25362-2944-4ff2-acba-29b8e67ceb4e"
      unitRef="usd">809809000</us-gaap:Assets>
    <us-gaap:Assets
      contextRef="ib99d3b5a0c9f449baebb20d28f6f5569_I20201231"
      decimals="-3"
      id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xMTgvZnJhZzozNWI3MTY1ZmVkN2U0YWU3OGFjY2I2NzJhOGRhZjI5OC90YWJsZTozZGMxM2Q1MjQzZTQ0NjM1OGI2ZTNiN2Y0MGRiOWYwNy90YWJsZXJhbmdlOjNkYzEzZDUyNDNlNDQ2MzU4YjZlM2I3ZjQwZGI5ZjA3XzE3LTEyLTEtMS0w_22224df7-bb73-42dd-b2cc-1c9fe4e23630"
      unitRef="usd">10355066000</us-gaap:Assets>
    <link:footnoteLink
      xlink:role="http://www.xbrl.org/2003/role/link"
      xlink:type="extended">
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjMtNC0xLTEtMA_d3bdce0a-b7d8-4fe4-b630-52ae96255226"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjMtNC0xLTEtMA_d3bdce0a-b7d8-4fe4-b630-52ae96255226"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNS00LTEtMS0w_58e30a51-3961-4f5f-a6b6-66e10c75b1a6"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNS00LTEtMS0w_58e30a51-3961-4f5f-a6b6-66e10c75b1a6"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjUtMi0xLTEtMA_12380c8a-63f9-497d-ac2d-ec3e0480bf2e"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjUtMi0xLTEtMA_12380c8a-63f9-497d-ac2d-ec3e0480bf2e"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjctMi0xLTEtMA_4d7e59bc-5f0f-43ea-9b47-712c7d468513"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjctMi0xLTEtMA_4d7e59bc-5f0f-43ea-9b47-712c7d468513"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjUtNC0xLTEtMA_8e880c6c-83bb-4819-a1ee-3f3e683ea8d0"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjUtNC0xLTEtMA_8e880c6c-83bb-4819-a1ee-3f3e683ea8d0"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMi00LTEtMS0w_39f0383d-9999-40b7-8e19-873fe7ee5585"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMi00LTEtMS0w_39f0383d-9999-40b7-8e19-873fe7ee5585"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMy00LTEtMS0w_3d56fa3a-7cb9-4878-b954-62456e096841"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMy00LTEtMS0w_3d56fa3a-7cb9-4878-b954-62456e096841"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtNC0xLTEtMA_7fc9ea57-2bc8-4123-8f42-263aac1d3552"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtNC0xLTEtMA_7fc9ea57-2bc8-4123-8f42-263aac1d3552"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOS0yLTEtMS0w_8dabd65a-3da8-44d9-a982-8905b1b44d96"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOS0yLTEtMS0w_8dabd65a-3da8-44d9-a982-8905b1b44d96"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNi00LTEtMS0w_0566ca72-06f9-4d9f-91fb-68abea267e2e"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNi00LTEtMS0w_0566ca72-06f9-4d9f-91fb-68abea267e2e"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTYtNC0xLTEtMA_6935f01e-f6d5-4a84-85a8-befa2c50c9ce"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTYtNC0xLTEtMA_6935f01e-f6d5-4a84-85a8-befa2c50c9ce"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzUtMi0xLTEtMA_cab9892f-cfb6-4665-954f-1bcd1e07af38"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzUtMi0xLTEtMA_cab9892f-cfb6-4665-954f-1bcd1e07af38"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNy00LTEtMS0w_671d361d-70bb-4359-9817-62eb40e25686"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNy00LTEtMS0w_671d361d-70bb-4359-9817-62eb40e25686"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjgtNC0xLTEtMA_667d44b3-5459-4857-baac-6755142a5fd9"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjgtNC0xLTEtMA_667d44b3-5459-4857-baac-6755142a5fd9"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNi0yLTEtMS0w_4dabf3d8-d2ec-44d8-86ef-efc955d888e3"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNi0yLTEtMS0w_4dabf3d8-d2ec-44d8-86ef-efc955d888e3"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzMtNC0xLTEtMA_bdbb41c0-affd-4228-839d-1a044a1cbcfc"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzMtNC0xLTEtMA_bdbb41c0-affd-4228-839d-1a044a1cbcfc"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNC0yLTEtMS0w_28fa8892-34b6-4b22-bd13-ec815e483603"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNC0yLTEtMS0w_28fa8892-34b6-4b22-bd13-ec815e483603"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTAtNC0xLTEtMA_db6e579c-a368-485e-9bb2-32e610bfc71a"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTAtNC0xLTEtMA_db6e579c-a368-485e-9bb2-32e610bfc71a"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTEtMi0xLTEtMA_98663aec-ca98-4209-a8d5-5edc30217b0f"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTEtMi0xLTEtMA_98663aec-ca98-4209-a8d5-5edc30217b0f"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjgtMi0xLTEtMA_8827b9f4-9e4f-4492-96d4-9490fed4ae4a"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjgtMi0xLTEtMA_8827b9f4-9e4f-4492-96d4-9490fed4ae4a"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzItNC0xLTEtMA_9e08d55c-a42d-4b03-a11c-25715a75eb4b"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzItNC0xLTEtMA_9e08d55c-a42d-4b03-a11c-25715a75eb4b"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzEtMi0xLTEtMA_ff5c9a34-cff9-406d-9e7a-2c159697264f"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzEtMi0xLTEtMA_ff5c9a34-cff9-406d-9e7a-2c159697264f"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzYtMi0xLTEtMA_840408ff-98b9-40c3-951e-f40aeb2c3950"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzYtMi0xLTEtMA_840408ff-98b9-40c3-951e-f40aeb2c3950"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNy0yLTEtMS0w_6ccedc91-f1b6-4e00-84ff-cf39f61c3c09"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNy0yLTEtMS0w_6ccedc91-f1b6-4e00-84ff-cf39f61c3c09"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzQtNC0xLTEtMA_594fa029-90d8-4ae3-9038-7c1f8cac8b31"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzQtNC0xLTEtMA_594fa029-90d8-4ae3-9038-7c1f8cac8b31"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOC0yLTEtMS0w_c8fe370f-f87b-478d-8e5c-b5b130806095"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOC0yLTEtMS0w_c8fe370f-f87b-478d-8e5c-b5b130806095"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjYtNC0xLTEtMA_2026298f-cd54-4bc9-9c9d-1dd765e07560"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjYtNC0xLTEtMA_2026298f-cd54-4bc9-9c9d-1dd765e07560"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjctNC0xLTEtMA_f4fc57a7-cfbe-4d44-9863-d430d4168c2b"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjctNC0xLTEtMA_f4fc57a7-cfbe-4d44-9863-d430d4168c2b"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMi0xLTEtMA_4a8b7d7e-cf50-4fb5-8217-12547038ee41"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMi0xLTEtMA_4a8b7d7e-cf50-4fb5-8217-12547038ee41"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTAtMi0xLTEtMA_926539a6-e964-4ccc-be95-d467f741556a"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTAtMi0xLTEtMA_926539a6-e964-4ccc-be95-d467f741556a"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzUtNC0xLTEtMA_7a8324f8-7ecc-4982-90f2-cfe314d81d4b"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzUtNC0xLTEtMA_7a8324f8-7ecc-4982-90f2-cfe314d81d4b"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzEtNC0xLTEtMA_c6d2e257-6169-4fce-bf67-12b5a2a915c2"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzEtNC0xLTEtMA_c6d2e257-6169-4fce-bf67-12b5a2a915c2"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTQtMi0xLTEtMA_7e9610d6-0b62-4014-b0cf-ce13a276f2f6"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTQtMi0xLTEtMA_7e9610d6-0b62-4014-b0cf-ce13a276f2f6"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjAtMi0xLTEtMA_1948cc90-3747-4c90-8325-7f81f80bc2cc"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjAtMi0xLTEtMA_1948cc90-3747-4c90-8325-7f81f80bc2cc"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTUtNC0xLTEtMA_047d7959-3427-4d71-b0fe-c43325ebcfac"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTUtNC0xLTEtMA_047d7959-3427-4d71-b0fe-c43325ebcfac"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTEtNC0xLTEtMA_f62ae737-fcb0-4bd3-8407-530e2e679fe3"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTEtNC0xLTEtMA_f62ae737-fcb0-4bd3-8407-530e2e679fe3"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzQtMi0xLTEtMA_f1cc0c10-5ef1-4b86-8bf6-e1a60bfed22c"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzQtMi0xLTEtMA_f1cc0c10-5ef1-4b86-8bf6-e1a60bfed22c"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjAtNC0xLTEtMA_cb70f28d-42c5-4dbc-97de-63f4f716405e"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjAtNC0xLTEtMA_cb70f28d-42c5-4dbc-97de-63f4f716405e"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOC00LTEtMS0w_9bdd28a0-61b9-4852-817f-a605452d6b61"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOC00LTEtMS0w_9bdd28a0-61b9-4852-817f-a605452d6b61"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjMtMi0xLTEtMA_51070c50-3ecc-4e97-a2e9-92aa09cd5ec5"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjMtMi0xLTEtMA_51070c50-3ecc-4e97-a2e9-92aa09cd5ec5"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjYtMi0xLTEtMA_7e7f11c6-e52a-499d-b5e6-1fde951e0b5c"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjYtMi0xLTEtMA_7e7f11c6-e52a-499d-b5e6-1fde951e0b5c"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTUtMi0xLTEtMA_db5d9ddd-af75-4ef8-b634-2685d2897ae7"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTUtMi0xLTEtMA_db5d9ddd-af75-4ef8-b634-2685d2897ae7"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMy0yLTEtMS0w_a03d32bc-c8e2-4033-a44e-0889c28d62f3"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMy0yLTEtMS0w_a03d32bc-c8e2-4033-a44e-0889c28d62f3"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzItMi0xLTEtMA_33c8baba-5128-4419-a8ff-fe9ff8562f94"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzItMi0xLTEtMA_33c8baba-5128-4419-a8ff-fe9ff8562f94"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTYtMi0xLTEtMA_2d527bc0-8eba-4935-b56d-1777257377de"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTYtMi0xLTEtMA_2d527bc0-8eba-4935-b56d-1777257377de"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOS00LTEtMS0w_66a17d7c-eb41-4bd0-8847-8ddfc8f641f1"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOS00LTEtMS0w_66a17d7c-eb41-4bd0-8847-8ddfc8f641f1"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMi0yLTEtMS0w_bd5bf65b-5d4a-40da-984a-dbef5fd5d654"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMi0yLTEtMS0w_bd5bf65b-5d4a-40da-984a-dbef5fd5d654"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzYtNC0xLTEtMA_84787255-4f61-4d56-b19b-525491eaf679"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzYtNC0xLTEtMA_84787255-4f61-4d56-b19b-525491eaf679"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzMtMi0xLTEtMA_28c75d03-21e8-43b4-868c-ba2e98c4666d"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzMtMi0xLTEtMA_28c75d03-21e8-43b4-868c-ba2e98c4666d"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNC00LTEtMS0w_06ecfc18-8f4b-475d-81b2-17404c47a4d4"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNC00LTEtMS0w_06ecfc18-8f4b-475d-81b2-17404c47a4d4"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNS0yLTEtMS0w_4887b88f-9d93-4c06-abb9-d23351f9d152"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNS0yLTEtMS0w_4887b88f-9d93-4c06-abb9-d23351f9d152"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjItNC0xLTEtMA_03d528ed-b230-489f-832d-882e345770c5"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjItNC0xLTEtMA_03d528ed-b230-489f-832d-882e345770c5"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTQtNC0xLTEtMA_41460ad6-ad5e-4a73-90b6-d5b45fca74f6"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTQtNC0xLTEtMA_41460ad6-ad5e-4a73-90b6-d5b45fca74f6"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjItMi0xLTEtMA_19ea5072-ec29-47a7-9aac-5eb71caf7db3"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjItMi0xLTEtMA_19ea5072-ec29-47a7-9aac-5eb71caf7db3"
          xlink:type="locator"/>
        <link:footnote id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23" xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"><xhtml:span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#x201c;VIEs&#x201d;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </xhtml:span><xhtml:span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </xhtml:span><xhtml:span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</xhtml:span></link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjMtNC0xLTEtMA_d3bdce0a-b7d8-4fe4-b630-52ae96255226"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNS00LTEtMS0w_58e30a51-3961-4f5f-a6b6-66e10c75b1a6"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjUtMi0xLTEtMA_12380c8a-63f9-497d-ac2d-ec3e0480bf2e"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjctMi0xLTEtMA_4d7e59bc-5f0f-43ea-9b47-712c7d468513"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjUtNC0xLTEtMA_8e880c6c-83bb-4819-a1ee-3f3e683ea8d0"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMi00LTEtMS0w_39f0383d-9999-40b7-8e19-873fe7ee5585"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMy00LTEtMS0w_3d56fa3a-7cb9-4878-b954-62456e096841"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtNC0xLTEtMA_7fc9ea57-2bc8-4123-8f42-263aac1d3552"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOS0yLTEtMS0w_8dabd65a-3da8-44d9-a982-8905b1b44d96"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNi00LTEtMS0w_0566ca72-06f9-4d9f-91fb-68abea267e2e"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTYtNC0xLTEtMA_6935f01e-f6d5-4a84-85a8-befa2c50c9ce"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzUtMi0xLTEtMA_cab9892f-cfb6-4665-954f-1bcd1e07af38"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNy00LTEtMS0w_671d361d-70bb-4359-9817-62eb40e25686"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjgtNC0xLTEtMA_667d44b3-5459-4857-baac-6755142a5fd9"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNi0yLTEtMS0w_4dabf3d8-d2ec-44d8-86ef-efc955d888e3"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzMtNC0xLTEtMA_bdbb41c0-affd-4228-839d-1a044a1cbcfc"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNC0yLTEtMS0w_28fa8892-34b6-4b22-bd13-ec815e483603"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTAtNC0xLTEtMA_db6e579c-a368-485e-9bb2-32e610bfc71a"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTEtMi0xLTEtMA_98663aec-ca98-4209-a8d5-5edc30217b0f"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjgtMi0xLTEtMA_8827b9f4-9e4f-4492-96d4-9490fed4ae4a"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzItNC0xLTEtMA_9e08d55c-a42d-4b03-a11c-25715a75eb4b"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzEtMi0xLTEtMA_ff5c9a34-cff9-406d-9e7a-2c159697264f"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzYtMi0xLTEtMA_840408ff-98b9-40c3-951e-f40aeb2c3950"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNy0yLTEtMS0w_6ccedc91-f1b6-4e00-84ff-cf39f61c3c09"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzQtNC0xLTEtMA_594fa029-90d8-4ae3-9038-7c1f8cac8b31"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOC0yLTEtMS0w_c8fe370f-f87b-478d-8e5c-b5b130806095"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjYtNC0xLTEtMA_2026298f-cd54-4bc9-9c9d-1dd765e07560"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjctNC0xLTEtMA_f4fc57a7-cfbe-4d44-9863-d430d4168c2b"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzAtMi0xLTEtMA_4a8b7d7e-cf50-4fb5-8217-12547038ee41"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTAtMi0xLTEtMA_926539a6-e964-4ccc-be95-d467f741556a"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzUtNC0xLTEtMA_7a8324f8-7ecc-4982-90f2-cfe314d81d4b"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzEtNC0xLTEtMA_c6d2e257-6169-4fce-bf67-12b5a2a915c2"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTQtMi0xLTEtMA_7e9610d6-0b62-4014-b0cf-ce13a276f2f6"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjAtMi0xLTEtMA_1948cc90-3747-4c90-8325-7f81f80bc2cc"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTUtNC0xLTEtMA_047d7959-3427-4d71-b0fe-c43325ebcfac"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTEtNC0xLTEtMA_f62ae737-fcb0-4bd3-8407-530e2e679fe3"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzQtMi0xLTEtMA_f1cc0c10-5ef1-4b86-8bf6-e1a60bfed22c"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjAtNC0xLTEtMA_cb70f28d-42c5-4dbc-97de-63f4f716405e"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOC00LTEtMS0w_9bdd28a0-61b9-4852-817f-a605452d6b61"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjMtMi0xLTEtMA_51070c50-3ecc-4e97-a2e9-92aa09cd5ec5"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjYtMi0xLTEtMA_7e7f11c6-e52a-499d-b5e6-1fde951e0b5c"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTUtMi0xLTEtMA_db5d9ddd-af75-4ef8-b634-2685d2897ae7"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMy0yLTEtMS0w_a03d32bc-c8e2-4033-a44e-0889c28d62f3"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzItMi0xLTEtMA_33c8baba-5128-4419-a8ff-fe9ff8562f94"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTYtMi0xLTEtMA_2d527bc0-8eba-4935-b56d-1777257377de"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfOS00LTEtMS0w_66a17d7c-eb41-4bd0-8847-8ddfc8f641f1"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMi0yLTEtMS0w_bd5bf65b-5d4a-40da-984a-dbef5fd5d654"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzYtNC0xLTEtMA_84787255-4f61-4d56-b19b-525491eaf679"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMzMtMi0xLTEtMA_28c75d03-21e8-43b4-868c-ba2e98c4666d"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNC00LTEtMS0w_06ecfc18-8f4b-475d-81b2-17404c47a4d4"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfNS0yLTEtMS0w_4887b88f-9d93-4c06-abb9-d23351f9d152"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjItNC0xLTEtMA_03d528ed-b230-489f-832d-882e345770c5"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMTQtNC0xLTEtMA_41460ad6-ad5e-4a73-90b6-d5b45fca74f6"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RhYmxlOjdkYmJjZmQ3ZTk1ZTRhNzdhYTZiZTgyMjRhZjIxZTI0L3RhYmxlcmFuZ2U6N2RiYmNmZDdlOTVlNGE3N2FhNmJlODIyNGFmMjFlMjRfMjItMi0xLTEtMA_19ea5072-ec29-47a7-9aac-5eb71caf7db3"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8xNi9mcmFnOjg3YzMwMjc4NjYxMzQ2Zjc4OGI4YmY5YzQxMzE2NjBmL3RleHRyZWdpb246ODdjMzAyNzg2NjEzNDZmNzg4YjhiZjljNDEzMTY2MGZfNjUw_754da47a-f117-4b74-9212-145096a38b23"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTktNC0xLTEtMA_5630781e-367a-4a82-a520-e301073743ff"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTktNC0xLTEtMA_5630781e-367a-4a82-a520-e301073743ff"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTgtNC0xLTEtMA_84d22d4c-ebe6-4111-9d37-3422a43542e5"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTgtNC0xLTEtMA_84d22d4c-ebe6-4111-9d37-3422a43542e5"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTgtMi0xLTEtMA_95dcd752-733f-4424-a6ca-e719a229c58c"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTgtMi0xLTEtMA_95dcd752-733f-4424-a6ca-e719a229c58c"
          xlink:type="locator"/>
        <link:loc
          xlink:href="#id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTktMi0xLTEtMA_927fb595-7b17-4177-b0e3-096290f6605c"
          xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTktMi0xLTEtMA_927fb595-7b17-4177-b0e3-096290f6605c"
          xlink:type="locator"/>
        <link:footnote id="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RleHRyZWdpb246ZWNlMzIyYzBiNzdiNGUzOWJjZGYzYTJjZGNmY2Y4ODhfNDY2_3ecfbd30-d097-402c-a276-63029ef5b01c" xlink:label="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RleHRyZWdpb246ZWNlMzIyYzBiNzdiNGUzOWJjZGYzYTJjZGNmY2Y4ODhfNDY2_3ecfbd30-d097-402c-a276-63029ef5b01c" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">Cash, cash equivalents, and restricted cash at March&#160;31, 2021 includes cash and cash equivalents of $426 million and restricted cash of $96 million, and at December&#160;31, 2020 includes cash and cash equivalents of $461 million and restricted cash of $83 million. </link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTktNC0xLTEtMA_5630781e-367a-4a82-a520-e301073743ff"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RleHRyZWdpb246ZWNlMzIyYzBiNzdiNGUzOWJjZGYzYTJjZGNmY2Y4ODhfNDY2_3ecfbd30-d097-402c-a276-63029ef5b01c"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTgtNC0xLTEtMA_84d22d4c-ebe6-4111-9d37-3422a43542e5"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RleHRyZWdpb246ZWNlMzIyYzBiNzdiNGUzOWJjZGYzYTJjZGNmY2Y4ODhfNDY2_3ecfbd30-d097-402c-a276-63029ef5b01c"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTgtMi0xLTEtMA_95dcd752-733f-4424-a6ca-e719a229c58c"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RleHRyZWdpb246ZWNlMzIyYzBiNzdiNGUzOWJjZGYzYTJjZGNmY2Y4ODhfNDY2_3ecfbd30-d097-402c-a276-63029ef5b01c"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RhYmxlOjZkZWIxNThkNmJjNTQxYWVhYWZlMjZiYWM4ODI0MWMwL3RhYmxlcmFuZ2U6NmRlYjE1OGQ2YmM1NDFhZWFhZmUyNmJhYzg4MjQxYzBfNTktMi0xLTEtMA_927fb595-7b17-4177-b0e3-096290f6605c"
          xlink:to="id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl8yOC9mcmFnOmVjZTMyMmMwYjc3YjRlMzliY2RmM2EyY2RjZmNmODg4L3RleHRyZWdpb246ZWNlMzIyYzBiNzdiNGUzOWJjZGYzYTJjZGNmY2Y4ODhfNDY2_3ecfbd30-d097-402c-a276-63029ef5b01c"
          xlink:type="arc"/>
    </link:footnoteLink>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>15
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774559894888">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Cover Page - shares<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>May 04, 2021</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">10-Q<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentQuarterlyReport', window );">Document Quarterly Report</a></td>
<td class="text">true<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Mar. 31,  2021<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentTransitionReport', window );">Document Transition Report</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">1-13759<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">REDWOOD TRUST, INC.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">MD<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">68-0329422<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address Address Line</a></td>
<td class="text">One Belvedere Place, Suite 300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address City Or Town</a></td>
<td class="text">Mill Valley,<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">CA<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address Postal Zip Code</a></td>
<td class="text">94941<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">415<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">389-7373<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCurrentReportingStatus', window );">Entity Current Reporting Status</a></td>
<td class="text">Yes<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityInteractiveDataCurrent', window );">Entity Interactive Data Current</a></td>
<td class="text">Yes<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Large Accelerated Filer<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntitySmallBusiness', window );">Entity small business</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Emerging growth company</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityShellCompany', window );">Entity Shell Company</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common stock, par value $0.01 per share<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">RWT<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">113,010,497<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalYearFocus', window );">Document Fiscal Year Focus</a></td>
<td class="text">2021<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
<td class="text">Q1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000930236<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--12-31<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gMonthDayItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalPeriodFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fiscalPeriodItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentQuarterlyReport">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true only for a form used as an quarterly report.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-Q<br> -Number 240<br> -Section 308<br> -Subsection a<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentQuarterlyReport</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentTransitionReport">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true only for a form used as a transition report.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Forms 10-K, 10-Q, 20-F<br> -Number 240<br> -Section 13<br> -Subsection a-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentTransitionReport</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCurrentReportingStatus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:filerCategoryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityInteractiveDataCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-T<br> -Number 232<br> -Section 405<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityInteractiveDataCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityShellCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityShellCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntitySmallBusiness">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicates that the company is a Smaller Reporting Company (SRC).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntitySmallBusiness</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>16
<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774462412968">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED BALANCE SHEETS - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecurities', window );">Real estate securities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 364,320<span></span>
</td>
<td class="nump">$ 344,125<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">322,579<span></span>
</td>
<td class="nump">348,175<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">426,019<span></span>
</td>
<td class="nump">461,260<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">95,775<span></span>
</td>
<td class="nump">83,190<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IntangibleAssetsNetIncludingGoodwill', window );">Intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">52,992<span></span>
</td>
<td class="nump">56,865<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Derivative assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">129,924<span></span>
</td>
<td class="nump">53,238<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssets', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">141,738<span></span>
</td>
<td class="nump">130,588<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">10,896,848<span></span>
</td>
<td class="nump">10,355,066<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">1,253,882<span></span>
</td>
<td class="nump">522,609<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">73,178<span></span>
</td>
<td class="nump">16,072<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent', window );">Accrued expenses and other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">244,274<span></span>
</td>
<td class="nump">179,340<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuredDebt', window );">Asset-backed securities issued (includes $6,475,472 and $6,900,362 at fair value), net</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">6,671,677<span></span>
</td>
<td class="nump">7,100,661<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLongTermDebt', window );">Long-term debt, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">1,438,262<span></span>
</td>
<td class="nump">1,425,485<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">9,681,273<span></span>
</td>
<td class="nump">9,244,167<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingencies', window );">Commitments and Contingencies</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract', window );"><strong>Equity</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock, par value $0.01 per share, 395,000,000 shares authorized; 112,998,732 and 112,090,006 issued and outstanding</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">1,130<span></span>
</td>
<td class="nump">1,121<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapitalCommonStock', window );">Additional paid-in capital</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">2,281,647<span></span>
</td>
<td class="nump">2,264,874<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Accumulated other comprehensive income (loss)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">4,988<span></span>
</td>
<td class="num">(4,221)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Cumulative earnings</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">1,094,534<span></span>
</td>
<td class="nump">997,277<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CumulativeDividends', window );">Cumulative distributions to stockholders</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(2,166,724)<span></span>
</td>
<td class="num">(2,148,152)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Total equity</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">1,215,575<span></span>
</td>
<td class="nump">1,110,899<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total Liabilities and Equity</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">10,896,848<span></span>
</td>
<td class="nump">10,355,066<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForSaleMember', window );">Residential loans, held-for-sale, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">996,512<span></span>
</td>
<td class="nump">176,641<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember', window );">Residential loans, held-for-investment, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">3,705,324<span></span>
</td>
<td class="nump">4,072,410<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_BusinessPurposeResidentialLoansHeldforSaleMember', window );">Business purpose loans, held-for-sale, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">333,110<span></span>
</td>
<td class="nump">245,394<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember', window );">Business purpose loans, held-for-investment, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">3,839,010<span></span>
</td>
<td class="nump">3,890,959<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_MultifamilyLoansMember', window );">Multifamily loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 489,545<span></span>
</td>
<td class="nump">$ 492,221<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.15(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccruedLiabilitiesCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=d3e637-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(23)(a)(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669686-108580<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (h)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=121370832&amp;loc=SL117420844-207641<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (g)(2)(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=121370832&amp;loc=SL117420844-207641<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=d3e681-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapitalCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdditionalPaidInCapitalCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=116870748&amp;loc=SL6758485-165988<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3044-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121566466&amp;loc=d3e6676-107765<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingencies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.25)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.(a),19)<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=121557415&amp;loc=d3e14326-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingencies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CumulativeDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cumulative cash dividends distributed to shareholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CumulativeDividends</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226008-175313<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121572278&amp;loc=d3e13433-108611<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121572278&amp;loc=d3e13433-108611<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226008-175313<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IntangibleAssetsNetIncludingGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount of finite-lived intangible assets, indefinite-lived intangible assets and goodwill. Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Intangible assets are assets, not including financial assets, lacking physical substance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IntangibleAssetsNetIncludingGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=116870748&amp;loc=SL6758485-165988<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19-26)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(32))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAndStockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MarketableSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in marketable security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MarketableSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesReceivableNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121599337&amp;loc=SL82919230-210447<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121593590&amp;loc=d3e4428-111522<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesReceivableNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(17))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investments classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.1(f,g))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherLongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherLongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash and cash equivalents restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=SL98516268-108586<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(1)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3044-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RestrictedCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 65<br> -Paragraph 15<br> -Subparagraph (g)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=121322162&amp;loc=SL121327923-165333<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(23)(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (h)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=121370832&amp;loc=SL117420844-207641<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=120397183&amp;loc=d3e187085-122770<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (g)(2)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=121370832&amp;loc=SL117420844-207641<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SecuredDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SecuredDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(19)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=115929471&amp;loc=d3e21930-107793<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 17<br> -URI http://asc.fasb.org/extlink&amp;oid=118261656&amp;loc=d3e32136-110900<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=120397183&amp;loc=d3e187085-122770<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 45<br> -Paragraph 23<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929471&amp;loc=d3e21914-107793<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22644-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 10<br> -Section 65<br> -Paragraph 4<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=121646688&amp;loc=SL121648383-210437<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (f)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=121370832&amp;loc=SL117420844-207641<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=108774443&amp;loc=SL4568740-111683<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 65<br> -Paragraph 15<br> -Subparagraph (f)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=121322162&amp;loc=SL121327923-165333<br><br>Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4I<br> -URI http://asc.fasb.org/extlink&amp;oid=120409616&amp;loc=SL4590271-111686<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (f)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=121370832&amp;loc=SL117420844-207641<br><br>Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 20<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118261656&amp;loc=d3e32211-110900<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929471&amp;loc=d3e21711-107793<br><br>Reference 15: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=108774443&amp;loc=SL4568447-111683<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 65<br> -Paragraph 15<br> -Subparagraph (f)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=121322162&amp;loc=SL121327923-165333<br><br>Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22499-107794<br><br>Reference 19: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450520&amp;loc=d3e32583-110901<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 65<br> -Paragraph 15<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=121322162&amp;loc=SL121327923-165333<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 65<br> -Paragraph 8<br> -Subparagraph (d)(2)<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 65<br> -Paragraph 8<br> -Subparagraph (d)(3)<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForSaleMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForSaleMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_BusinessPurposeResidentialLoansHeldforSaleMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_BusinessPurposeResidentialLoansHeldforSaleMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_MultifamilyLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_MultifamilyLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>17
<FILENAME>R3.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774459368744">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFairValue', window );">ABS issued, net, Fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 6,475,472<span></span>
</td>
<td class="nump">$ 6,900,362<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common stock, par value (usd per share)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common stock, shares authorized (shares)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">395,000,000<span></span>
</td>
<td class="nump">395,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common stock, issued (shares)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">112,998,732<span></span>
</td>
<td class="nump">112,090,006<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Common stock, outstanding (shares)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">112,998,732<span></span>
</td>
<td class="nump">112,090,006<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 10,896,848<span></span>
</td>
<td class="nump">$ 10,355,066<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">9,681,273<span></span>
</td>
<td class="nump">9,244,167<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7,724,203<span></span>
</td>
<td class="nump">8,141,069<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 6,704,943<span></span>
</td>
<td class="nump">$ 7,148,414<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=116870748&amp;loc=SL6758485-165988<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of common stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121572278&amp;loc=d3e13433-108611<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=116870748&amp;loc=SL6758485-165988<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19-26)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>18
<FILENAME>R4.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774470241144">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperatingAbstract', window );"><strong>Interest Income</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate', window );">Residential loans</a></td>
<td class="nump">$ 43,655<span></span>
</td>
<td class="nump">$ 79,436<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate', window );">Business purpose loans</a></td>
<td class="nump">64,188<span></span>
</td>
<td class="nump">52,654<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages', window );">Multifamily loans</a></td>
<td class="nump">4,786<span></span>
</td>
<td class="nump">40,172<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeSecuritiesMortgageBacked', window );">Real estate securities</a></td>
<td class="nump">9,663<span></span>
</td>
<td class="nump">18,309<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeOther', window );">Other interest income</a></td>
<td class="nump">6,013<span></span>
</td>
<td class="nump">7,510<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Total interest income</a></td>
<td class="nump">128,305<span></span>
</td>
<td class="nump">198,081<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpenseAbstract', window );"><strong>Interest Expense</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpenseShortTermBorrowings', window );">Short-term debt</a></td>
<td class="num">(7,773)<span></span>
</td>
<td class="num">(23,067)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities', window );">Asset-backed securities issued</a></td>
<td class="num">(72,561)<span></span>
</td>
<td class="num">(100,498)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpenseLongTermDebt', window );">Long-term debt</a></td>
<td class="num">(22,218)<span></span>
</td>
<td class="num">(23,106)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Total interest expense</a></td>
<td class="num">(102,552)<span></span>
</td>
<td class="num">(146,671)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="nump">25,753<span></span>
</td>
<td class="nump">51,410<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncomeAbstract', window );"><strong>Non-interest Income (Loss)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageBankingActivitiesNet', window );">Mortgage banking activities, net</a></td>
<td class="nump">82,607<span></span>
</td>
<td class="num">(28,902)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="nump">45,087<span></span>
</td>
<td class="num">(870,832)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other income, net</a></td>
<td class="nump">3,843<span></span>
</td>
<td class="nump">2,928<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealizedInvestmentGainsLosses', window );">Realized gains, net</a></td>
<td class="nump">2,716<span></span>
</td>
<td class="nump">3,852<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="nump">134,253<span></span>
</td>
<td class="num">(892,954)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(43,551)<span></span>
</td>
<td class="num">(28,682)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoanAcquisitionCosts', window );">Loan acquisition costs</a></td>
<td class="num">(3,559)<span></span>
</td>
<td class="num">(3,986)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherExpenses', window );">Other expenses</a></td>
<td class="num">(4,096)<span></span>
</td>
<td class="num">(91,415)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments', window );">Net Income (Loss) before (Provision for) Benefit from Income Taxes</a></td>
<td class="nump">108,800<span></span>
</td>
<td class="num">(965,627)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">(Provision for) benefit from income taxes</a></td>
<td class="num">(11,543)<span></span>
</td>
<td class="nump">22,229<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="nump">$ 97,257<span></span>
</td>
<td class="num">$ (943,398)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Basic earnings (loss) per common share (in dollars per share)</a></td>
<td class="nump">$ 0.84<span></span>
</td>
<td class="num">$ (8.28)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Diluted earnings (loss) per common share (in dollars per share)</a></td>
<td class="nump">$ 0.72<span></span>
</td>
<td class="num">$ (8.28)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Basic weighted average shares outstanding (in shares)</a></td>
<td class="nump">112,276,842<span></span>
</td>
<td class="nump">114,076,568<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Diluted weighted average shares outstanding (in shares)</a></td>
<td class="nump">141,039,285<span></span>
</td>
<td class="nump">114,076,568<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_LoanAcquisitionCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loan Acquisition Costs</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_LoanAcquisitionCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MortgageBankingActivitiesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net income attributable to mortgage banking activities. This includes market valuations related to residential and commercial loans, Sequoia IOs, and mortgage banking derivatives, as well as realized gains or losses associated with mortgage loan sales.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MortgageBankingActivitiesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22583-107794<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1448-109256<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22595-107794<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1337-109256<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 52<br> -URI http://asc.fasb.org/extlink&amp;oid=120380238&amp;loc=d3e4984-109258<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=120380238&amp;loc=d3e3842-109258<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22644-107794<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1252-109256<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=SL5780133-109256<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(27))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 52<br> -URI http://asc.fasb.org/extlink&amp;oid=120380238&amp;loc=d3e4984-109258<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22644-107794<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=120380238&amp;loc=d3e3842-109258<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1252-109256<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22595-107794<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22583-107794<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=SL5780133-109256<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(27))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1337-109256<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 31<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8924-108599<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h)(1)(i))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB TOPIC 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=116825942&amp;loc=d3e330036-122817<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32672-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (h)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22663-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=120385591&amp;loc=d3e38679-109324<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(9))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22658-107794<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestAndDividendIncomeOperating">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.1-5)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestAndDividendIncomeOperating</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestAndDividendIncomeOperatingAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestAndDividendIncomeOperatingAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest and fee income from commercial and residential real estate loans.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest and fee income generated from loans secured by one- to four-family residential properties. This item excludes home equity lines-of-credit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest and fee income from mortgage loans considered to be held-for-sale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=119993939&amp;loc=d3e28555-108399<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (210.5-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpenseAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpenseAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest expense on beneficial interests issued by consolidated variable interest entities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.7,8)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpenseLongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate amount of interest paid or due on all long-term debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpenseLongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpenseShortTermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate interest expense incurred on short-term borrowings including commercial paper and Federal funds purchased and securities sold under agreements to repurchase.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpenseShortTermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestIncomeExpenseNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net amount of operating interest income (expense).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.10)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestIncomeExpenseNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestIncomeOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of interest income earned from interest bearing assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestIncomeOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestIncomeSecuritiesMortgageBacked">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of operating interest income, including amortization and accretion of premiums and discounts, on securitized, pass-through debt securities collateralized by real estate mortgage loans.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.2)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestIncomeSecuritiesMortgageBacked</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669619-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 31<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8924-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=109222650&amp;loc=SL51721683-107760<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22595-107794<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669625-108580<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22499-107794<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22663-107794<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22583-107794<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=SL5780133-109256<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22658-107794<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoninterestIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.13)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NoninterestIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoninterestIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NoninterestIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4,6)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue and income classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealizedInvestmentGainsLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of realized gain (loss) on investment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.3(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealizedInvestmentGainsLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrealizedGainLossOnInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unrealized gain (loss) on investment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrealizedGainLossOnInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1505-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1448-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>19
<FILENAME>R5.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774467264712">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract', window );"><strong>Statement of Comprehensive Income [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="nump">$ 97,257<span></span>
</td>
<td class="num">$ (943,398)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract', window );"><strong>Other comprehensive income (loss):</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax', window );">Net unrealized gain (loss) on available-for-sale securities</a></td>
<td class="nump">10,986<span></span>
</td>
<td class="num">(80,519)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax', window );">Reclassification of unrealized gain on available-for-sale securities to net income</a></td>
<td class="num">(2,795)<span></span>
</td>
<td class="num">(13,798)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax', window );">Net unrealized loss on interest rate agreements</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(32,806)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax', window );">Reclassification of unrealized loss on interest rate agreements to net income</a></td>
<td class="nump">1,018<span></span>
</td>
<td class="nump">79<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Total other comprehensive income (loss)</a></td>
<td class="nump">9,209<span></span>
</td>
<td class="num">(127,044)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest', window );">Total Comprehensive Income (Loss)</a></td>
<td class="nump">$ 106,466<span></span>
</td>
<td class="num">$ (1,070,442)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=120409616&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669619-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=108774443&amp;loc=SL4569616-111683<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669625-108580<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(24))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669619-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 31<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8924-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=109222650&amp;loc=SL51721683-107760<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22595-107794<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669625-108580<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22499-107794<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22663-107794<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22583-107794<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=SL5780133-109256<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22658-107794<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after tax and before reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669646-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=d3e637-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after tax, of reclassification of gain (loss) from accumulated other comprehensive income (AOCI) for derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=d3e689-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=d3e637-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax and reclassification adjustments of other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 17<br> -URI http://asc.fasb.org/extlink&amp;oid=118261656&amp;loc=d3e32136-110900<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 55<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=121640130&amp;loc=d3e1436-108581<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=118261656&amp;loc=d3e32211-110900<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450520&amp;loc=d3e32583-110901<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669625-108580<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=d3e689-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=d3e637-108580<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27357-111563<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 17A<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL34724391-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after tax and before adjustment, of unrealized holding gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Excludes unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669646-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=d3e637-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>20
<FILENAME>R6.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774466940312">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Total</div></th>
<th class="th"><div>Common Stock</div></th>
<th class="th"><div>Additional Paid-In Capital</div></th>
<th class="th"><div>Accumulated Other Comprehensive Income (Loss)</div></th>
<th class="th"><div>Cumulative Earnings</div></th>
<th class="th"><div>Cumulative Distributions to Stockholders</div></th>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Beginning balance (in shares) at Dec. 31, 2019</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">114,353,036<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at beginning of period at Dec. 31, 2019</a></td>
<td class="nump">$ 1,827,231<span></span>
</td>
<td class="nump">$ 1,144<span></span>
</td>
<td class="nump">$ 2,269,617<span></span>
</td>
<td class="nump">$ 41,513<span></span>
</td>
<td class="nump">$ 1,579,124<span></span>
</td>
<td class="num">$ (2,064,167)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward', window );"><strong>Increase (Decrease) in Stockholders' Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="num">(943,398)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(943,398)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Other comprehensive income (loss)</a></td>
<td class="num">(127,044)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(127,044)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesNewIssues', window );">Issuance of common stock (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">350,088<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueNewIssues', window );">Issuance of common stock</a></td>
<td class="nump">5,547<span></span>
</td>
<td class="nump">$ 3<span></span>
</td>
<td class="nump">5,544<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans', window );">Employee stock purchase and incentive plans (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">134,409<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans', window );">Employee stock purchase and incentive plans</a></td>
<td class="num">(2,540)<span></span>
</td>
<td class="nump">$ 1<span></span>
</td>
<td class="num">(2,541)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Non-cash equity award compensation</a></td>
<td class="nump">3,188<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,188<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsCommonStock', window );">Common dividends declared</a></td>
<td class="num">(37,782)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(37,782)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Ending balance (in shares) at Mar. 31, 2020</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">114,837,533<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at End of Period at Mar. 31, 2020</a></td>
<td class="nump">725,202<span></span>
</td>
<td class="nump">$ 1,148<span></span>
</td>
<td class="nump">2,275,808<span></span>
</td>
<td class="num">(85,531)<span></span>
</td>
<td class="nump">635,726<span></span>
</td>
<td class="num">(2,101,949)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Beginning balance (in shares) at Dec. 31, 2020</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">112,090,006<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at beginning of period at Dec. 31, 2020</a></td>
<td class="nump">1,110,899<span></span>
</td>
<td class="nump">$ 1,121<span></span>
</td>
<td class="nump">2,264,874<span></span>
</td>
<td class="num">(4,221)<span></span>
</td>
<td class="nump">997,277<span></span>
</td>
<td class="num">(2,148,152)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward', window );"><strong>Increase (Decrease) in Stockholders' Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="nump">97,257<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">97,257<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Other comprehensive income (loss)</a></td>
<td class="nump">9,209<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,209<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesNewIssues', window );">Issuance of common stock (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">806,068<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueNewIssues', window );">Issuance of common stock</a></td>
<td class="nump">13,374<span></span>
</td>
<td class="nump">$ 8<span></span>
</td>
<td class="nump">13,366<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans', window );">Employee stock purchase and incentive plans (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">102,658<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans', window );">Employee stock purchase and incentive plans</a></td>
<td class="num">(810)<span></span>
</td>
<td class="nump">$ 1<span></span>
</td>
<td class="num">(811)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Non-cash equity award compensation</a></td>
<td class="nump">4,218<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,218<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsCommonStock', window );">Common dividends declared</a></td>
<td class="num">(18,572)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(18,572)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Ending balance (in shares) at Mar. 31, 2021</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">112,998,732<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at End of Period at Mar. 31, 2021</a></td>
<td class="nump">$ 1,215,575<span></span>
</td>
<td class="nump">$ 1,130<span></span>
</td>
<td class="nump">$ 2,281,647<span></span>
</td>
<td class="nump">$ 4,988<span></span>
</td>
<td class="nump">$ 1,094,534<span></span>
</td>
<td class="num">$ (2,166,724)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Stock Issued During Period, Shares, Employee Stock Purchase Plans And Other Incentive Plans</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Stock Issued During Period, Value, Employee Stock Purchase Plans And Other Incentive Plans</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase to additional paid-in capital (APIC) for recognition of cost for award under share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 20<br> -Section 55<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=120383193&amp;loc=d3e11149-113907<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120381028&amp;loc=d3e5047-113901<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 20<br> -Section 55<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=120383193&amp;loc=d3e11178-113907<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 35<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121326096&amp;loc=d3e4534-113899<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of paid and unpaid common stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=120397183&amp;loc=d3e187085-122770<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 405<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6957935&amp;loc=d3e64057-112817<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendsCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInStockholdersEquityRollForward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669619-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 31<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8924-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=109222650&amp;loc=SL51721683-107760<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22595-107794<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669625-108580<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22499-107794<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22663-107794<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22583-107794<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=SL5780133-109256<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22658-107794<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax and reclassification adjustments of other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 17<br> -URI http://asc.fasb.org/extlink&amp;oid=118261656&amp;loc=d3e32136-110900<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 55<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=121640130&amp;loc=d3e1436-108581<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=118261656&amp;loc=d3e32211-110900<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450520&amp;loc=d3e32583-110901<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669625-108580<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesNewIssues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of new stock issued during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=120397183&amp;loc=d3e187085-122770<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesNewIssues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueNewIssues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=120397183&amp;loc=d3e187085-122770<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueNewIssues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>21
<FILENAME>R7.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774459290248">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementOfStockholdersEquityAbstract', window );"><strong>Statement of Stockholders' Equity [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockDividendsPerShareDeclared', window );">Common dividends declared (in dollars per share)</a></td>
<td class="nump">$ 0.16<span></span>
</td>
<td class="nump">$ 0.32<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockDividendsPerShareDeclared">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate dividends declared during the period for each share of common stock outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=120397183&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockDividendsPerShareDeclared</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementOfStockholdersEquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementOfStockholdersEquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>22
<FILENAME>R8.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774473391176">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Cash Flows From Operating Activities:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 97,257<span></span>
</td>
<td class="num">$ (943,398)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net income (loss) to net cash used in operating activities:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments', window );">Amortization of premiums, discounts, and securities issuance costs, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,216<span></span>
</td>
<td class="num">(596)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationAndAmortization', window );">Depreciation and amortization of non-financial assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,172<span></span>
</td>
<td class="nump">4,677<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale', window );">Originations of held-for-sale loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(254,975)<span></span>
</td>
<td class="num">(280,076)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToPurchaseLoansHeldForSale', window );">Purchases of held-for-sale loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(3,150,432)<span></span>
</td>
<td class="num">(2,665,447)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfLoansHeldForSale', window );">Proceeds from sales of held-for-sale loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,345,164<span></span>
</td>
<td class="nump">2,733,285<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromCollectionOfLoansHeldForSale', window );">Principal payments on held-for-sale loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,477<span></span>
</td>
<td class="nump">19,778<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities', window );">Net settlements of derivatives</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">24,849<span></span>
</td>
<td class="num">(163,442)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Non-cash equity award compensation expense</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,218<span></span>
</td>
<td class="nump">3,188<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillImpairmentLoss', window );">Goodwill impairment expense</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">88,675<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MarketValuationAdjustmentsNet', window );">Market valuation adjustments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(119,783)<span></span>
</td>
<td class="nump">912,477<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfInvestments', window );">Realized gains, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(2,716)<span></span>
</td>
<td class="num">(3,852)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract', window );"><strong>Net change in:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherOperatingAssets', window );">Accrued interest receivable and other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,565<span></span>
</td>
<td class="nump">107,740<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingLiabilities', window );">Accrued interest payable and accrued expenses and other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">76,824<span></span>
</td>
<td class="num">(54,414)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net cash used in operating activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(966,164)<span></span>
</td>
<td class="num">(241,405)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Cash Flows From Investing Activities:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_PaymentsForOriginationOfLoansHeldForInvestment', window );">Originations of loan investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(133,229)<span></span>
</td>
<td class="num">(206,634)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfFinanceReceivables', window );">Proceeds from sales of loan investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">8,877<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromCollectionOfFinanceReceivables', window );">Principal payments on loan investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">649,749<span></span>
</td>
<td class="nump">638,508<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireMarketableSecurities', window );">Purchases of real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(15,880)<span></span>
</td>
<td class="num">(52,259)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables', window );">Sales of securities held in consolidated securitization trusts</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">8,197<span></span>
</td>
<td class="nump">121,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities', window );">Proceeds from sales of real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">25,747<span></span>
</td>
<td class="nump">529,494<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ProceedsFromPrincipalRepaymentsOnSecurities', window );">Principal payments on real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">11,746<span></span>
</td>
<td class="nump">11,952<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_PaymentsForServicingAdvanceInvestments', window );">Purchases of servicer advance investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="num">(158,618)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_RepaymentsOfServicingAdvanceInvestments', window );">Principal repayments from servicer advance investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">24,804<span></span>
</td>
<td class="nump">22,815<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForProceedsFromOtherInvestingActivities', window );">Other investing activities, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,601<span></span>
</td>
<td class="nump">4,328<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net cash provided by investing activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">582,612<span></span>
</td>
<td class="nump">910,586<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Cash Flows From Financing Activities:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromShortTermDebt', window );">Proceeds from borrowings on short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,724,508<span></span>
</td>
<td class="nump">2,972,646<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfShortTermDebt', window );">Repayments on short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1,993,506)<span></span>
</td>
<td class="num">(2,960,444)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfSecuredDebt', window );">Proceeds from issuance of asset-backed securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">147,086<span></span>
</td>
<td class="nump">377,164<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfSecuredDebt', window );">Repayments on asset-backed securities issued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(507,037)<span></span>
</td>
<td class="num">(363,696)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromOtherDebt', window );">Proceeds from borrowings on long-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">164,456<span></span>
</td>
<td class="nump">133,961<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfOtherDebt', window );">Repayments on long-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(154,074)<span></span>
</td>
<td class="num">(633,448)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities', window );">Net settlements of derivatives</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="num">(84,336)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfCommonStock', window );">Net proceeds from issuance of common stock</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">115<span></span>
</td>
<td class="nump">2,262<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation', window );">Taxes paid on equity award distributions</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(925)<span></span>
</td>
<td class="num">(2,632)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfDividends', window );">Dividends paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(18,572)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities', window );">Other financing activities, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1,155)<span></span>
</td>
<td class="nump">2,494<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivities', window );">Net cash provided by (used in) financing activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">360,896<span></span>
</td>
<td class="num">(556,029)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect', window );">Net (decrease) increase in cash, cash equivalents and restricted cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(22,656)<span></span>
</td>
<td class="nump">113,152<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents', window );">Cash, cash equivalents and restricted cash at beginning of period</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">544,450<span></span>
</td>
<td class="nump">290,833<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents', window );">Cash, cash equivalents, and restricted cash at end of period</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">521,794<span></span>
</td>
<td class="nump">403,985<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_CashPaidDuringPeriodAbstract', window );"><strong>Cash paid during the period for:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPaidNet', window );">Interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">99,180<span></span>
</td>
<td class="nump">170,884<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesPaid', window );">Taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7<span></span>
</td>
<td class="nump">109<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncashInvestingAndFinancingItemsAbstract', window );"><strong>Supplemental Noncash Information:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds', window );">Real estate securities retained from loan securitizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7,627<span></span>
</td>
<td class="nump">46,560<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts', window );">Consolidation of multifamily loans held in securitization trusts</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="num">(3,849,779)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities', window );">Consolidation of multifamily ABS</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="num">(3,706,789)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1', window );">Transfers from loans held-for-sale to loans held-for-investment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">301,298<span></span>
</td>
<td class="nump">382,635<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1', window );">Transfers from loans held-for-investment to loans held-for-sale</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">1,857,781<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TransferToOtherRealEstate', window );">Transfers from residential loans to real estate owned</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">14,684<span></span>
</td>
<td class="nump">6,363<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability', window );">Right-of-use asset obtained in exchange for operating lease liability</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">5,362<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPayableCurrentAndNoncurrent', window );">Accrued but unpaid dividends</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">37,800<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueAcquisitions', window );">Issuance of common stock for 5 Arches acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 13,375<span></span>
</td>
<td class="nump">$ 3,375<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Cash, cash equivalents, and restricted cash at March&#160;31, 2021 includes cash and cash equivalents of $426 million and restricted cash of $96 million, and at December&#160;31, 2020 includes cash and cash equivalents of $461 million and restricted cash of $83 million.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_CashPaidDuringPeriodAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash Paid During Period [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_CashPaidDuringPeriodAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Consolidation (Deconsolidation) Of Multifamily Asset Backed Securities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Consolidation (Deconsolidation) Of Multifamily Loans Held In Securitizations Trusts</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MarketValuationAdjustmentsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate net change in market value for certain assets and liabilities that was included in earnings for the period. This includes changes in market values for assets and liabilities accounted for at fair value, as well as the credit portion of other-than-temporary impairments on securities available for sale, impairments on loans held-for-sale and real estate owned.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MarketValuationAdjustmentsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_PaymentsForOriginationOfLoansHeldForInvestment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Payments for Origination of Loans Held-for-Investment</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_PaymentsForOriginationOfLoansHeldForInvestment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net cash outflow or inflow from derivative instruments during the period, which are classified as operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_PaymentsForServicingAdvanceInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Payments For Servicing Advance Investments</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_PaymentsForServicingAdvanceInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ProceedsFromPrincipalRepaymentsOnSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from repayments of the balance excluding interest (principal) on real estate securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ProceedsFromPrincipalRepaymentsOnSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_RepaymentsOfServicingAdvanceInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Repayments Of Servicing Advance Investments</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_RepaymentsOfServicingAdvanceInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3521-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3044-108585<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=SL98516268-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 230<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=98513438&amp;loc=d3e33268-110906<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3521-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsPayableCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(24))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(15)(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(15)(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendsPayableCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnSaleOfInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net realized gain (loss) on investments sold during the period, not including gains (losses) on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, which, for cash flow reporting, is a component of proceeds from investing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnSaleOfInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillImpairmentLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121556970&amp;loc=d3e13854-109267<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=121556970&amp;loc=d3e13816-109267<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=99380562&amp;loc=d3e13777-109266<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillImpairmentLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4297-108586<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxesPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOperatingCapitalAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOperatingLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the aggregate amount of liabilities that result from activities that generate operating income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOperatingLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherOperatingAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in operating assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOtherOperatingAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPaidNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4297-108586<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 17<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3367-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestPaidNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3521-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3521-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3536-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3521-108585<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669619-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 31<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8924-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=109222650&amp;loc=SL51721683-107760<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22595-107794<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669625-108580<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22499-107794<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22663-107794<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22583-107794<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=SL5780133-109256<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22658-107794<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoncashInvestingAndFinancingItemsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NoncashInvestingAndFinancingItemsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash paid for the origination of mortgages that are held for sale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3536-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 21<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3461-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net cash outflow or inflow from derivative instruments during the period, which are classified as financing activities, excluding those designated as hedging instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e24072-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForProceedsFromOtherInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash (inflow) outflow from investing activities classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e24072-122690<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3213-108585<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForProceedsFromOtherInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsOfDividends</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow to satisfy grantee's tax withholding obligation for award under share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireMarketableSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow for purchase of marketable security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=121553693&amp;loc=d3e26853-111562<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireMarketableSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToPurchaseLoansHeldForSale">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate cash outflow used to purchase all loans that are held with the intention to resell in the near future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 21<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3461-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToPurchaseLoansHeldForSale</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromCollectionOfFinanceReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the collection of receivables arising from the financing of goods and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromCollectionOfFinanceReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromCollectionOfLoansHeldForSale">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from collection of repayments from borrowers on loans that are held with the intention to resell in the near future; includes mortgages and other types of loans.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3337-108585<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 21<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3461-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromCollectionOfLoansHeldForSale</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow from collection on beneficial interest in securitization of receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromIssuanceOfCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from the additional capital contribution to the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3255-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromIssuanceOfCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromIssuanceOfSecuredDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3255-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromIssuanceOfSecuredDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromOtherDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow from debt classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3255-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromOtherDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from financing activities classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e24072-122690<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3255-108585<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromPaymentsForOtherFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the aggregate amount received by the entity through sale or maturity of marketable securities  (held-to-maturity or available-for-sale) during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfFinanceReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the sale of receivables arising from the financing of goods and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleOfFinanceReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfLoansHeldForSale">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow resulting from the sale of loans classified as held-for-sale, including proceeds from loans sold through mortgage securitization.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3337-108585<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 21<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3461-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleOfLoansHeldForSale</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromShortTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from a borrowing having initial term of repayment within one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3255-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromShortTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfOtherDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow for the payment of debt classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RepaymentsOfOtherDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfSecuredDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RepaymentsOfSecuredDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfShortTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for a borrowing having initial term of repayment within one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RepaymentsOfShortTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in right-of-use asset obtained in exchange for operating lease liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=121568110&amp;loc=SL77918982-209971<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=121609121&amp;loc=SL77918686-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of noncash expense for share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueAcquisitions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of stock issued pursuant to acquisitions during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=120397183&amp;loc=d3e187085-122770<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.29-31)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueAcquisitions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of loans held-for-sale transferred to loans held in the entity's portfolio in noncash transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4304-108586<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4332-108586<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4313-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of loans and leases held in the entity's portfolio transferred to loans and leases held-for-sale in noncash transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4304-108586<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4332-108586<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4313-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TransferToOtherRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value transferred from mortgage loans to real estate owned (REO) in noncash transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4313-108586<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4304-108586<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4332-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TransferToOtherRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the initial fair value recorded for assets received on transfer of financial assets in a securitization, asset-backed financing arrangement, or a similar transfer which transaction is recognized as a sale of the transferred financial assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (bb)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107207-111719<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (bb)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107207-111719<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (b)(2)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107207-111719<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (bb)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107207-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>23
<FILENAME>R9.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774469202776">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF CASH FLOWS (PARENTHETICAL) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementOfCashFlowsAbstract', window );"><strong>Statement of Cash Flows [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 426,019<span></span>
</td>
<td class="nump">$ 461,260<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 95,775<span></span>
</td>
<td class="nump">$ 83,190<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3044-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121566466&amp;loc=d3e6676-107765<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash and cash equivalents restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=SL98516268-108586<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(1)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3044-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RestrictedCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementOfCashFlowsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementOfCashFlowsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>24
<FILENAME>R10.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457070040">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Organization<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>Organization, Consolidation and Presentation of Financial Statements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NatureOfOperations', window );">Organization</a></td>
<td class="text">Organization<div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood Trust, Inc., together with its subsidiaries, is a specialty finance company focused on several distinct areas of housing credit. Our operating platforms occupy a unique position in the housing finance value chain, providing liquidity to growing segments of the U.S. housing market not served by government programs. We deliver customized housing credit investments to a diverse mix of investors, through our best-in-class securitization platforms; whole-loan distribution activities; and our publicly-traded shares. Our consolidated investment portfolio has evolved to incorporate a diverse mix of residential, business purpose and multifamily investments. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a commitment to technological innovation that facilitates risk-minded scale. We operate our business in three segments: Residential Lending, Business Purpose Lending, and Third-Party Investments.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our primary sources of income are net interest income from our investments and non-interest income from our mortgage banking activities. Net interest income consists of the interest income we earn on investments less the interest expense we incur on borrowed funds and other liabilities. Income from mortgage banking activities is generated through the origination and acquisition of loans, and their subsequent sale, securitization, or transfer to our investment portfolios. </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood Trust, Inc. has elected to be taxed as a real estate investment trust (&#8220;REIT&#8221;) under the Internal Revenue Code of 1986, as amended (the &#8220;Internal Revenue Code&#8221;), beginning with its taxable year ended December 31, 1994. We generally refer, collectively, to Redwood Trust, Inc. and those of its subsidiaries that are not subject to subsidiary-level corporate income tax as &#8220;the REIT&#8221; or &#8220;our REIT.&#8221; We generally refer to subsidiaries of Redwood Trust, Inc. that are subject to subsidiary-level corporate income tax as &#8220;our taxable REIT subsidiaries&#8221; or &#8220;TRS.&#8221; </span></div>Redwood was incorporated in the State of Maryland on April&#160;11, 1994, and commenced operations on August&#160;19, 1994. On March 1, 2019, Redwood completed the acquisition of 5 Arches, LLC ("5 Arches"), at which time 5 Arches became a wholly-owned subsidiary of Redwood. On October 15, 2019, Redwood acquired CoreVest American Finance Lender, LLC and certain affiliated entities ("CoreVest"), at which time CoreVest became wholly owned by Redwood. References herein to &#8220;Redwood,&#8221; the &#8220;company,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; and &#8220;our&#8221; include Redwood Trust, Inc. and its consolidated subsidiaries, unless the context otherwise requires.<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NatureOfOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the nature of an entity's business, major products or services, principal markets including location, and the relative importance of its operations in each business and the basis for the determination, including but not limited to, assets, revenues, or earnings. For an entity that has not commenced principal operations, disclosures about the risks and uncertainties related to the activities in which the entity is currently engaged and an understanding of what those activities are being directed toward.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=99393423&amp;loc=d3e5967-108592<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -URI http://asc.fasb.org/topic&amp;trid=2134479<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NatureOfOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>25
<FILENAME>R11.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774458820680">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Basis of Presentation<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>Organization, Consolidation and Presentation of Financial Statements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock', window );">Basis of Presentation</a></td>
<td class="text">Basis of PresentationThe consolidated financial statements presented herein are at March&#160;31, 2021 and December&#160;31, 2020, and for the three months ended March&#160;31, 2021 and 2020. These interim unaudited consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and note disclosures normally included in our annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") &#8212;&#160;as prescribed by the Financial Accounting Standards Board&#8217;s (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;)&#160;&#8212;&#160;have been condensed or omitted in these interim financial statements according to these SEC rules and regulations. Management believes that the disclosures included in these interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the company's Annual Report on Form 10-K for the year ended December&#160;31, 2020. In the opinion of management, all normal and recurring adjustments to present fairly the financial condition of the Company at March&#160;31, 2021 and results of operations for all periods presented have been made. The results of operations for the three months ended March&#160;31, 2021 should not be construed as indicative of the results to be expected for the full year.<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Principles of Consolidation</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In accordance with GAAP, we determine whether we must consolidate transferred financial assets and variable interest entities (&#8220;VIEs&#8221;) for financial reporting purposes. We currently consolidate the assets and liabilities of certain Sequoia securitization entities issued prior to 2012 ("Legacy Sequoia"), entities formed in connection with the securitization of Redwood Choice expanded-prime loans ("Sequoia Choice"), and entities formed in connection with the securitization of single-family rental loans ("CAFL"). We also consolidate the assets and liabilities of certain Freddie Mac K-Series and Freddie Mac Seasoned Loans Structured Transaction ("SLST") securitizations in which we have invested. Each securitization entity is independent of Redwood and of each other and the assets and liabilities are not owned by and are not legal obligations of Redwood Trust, Inc. Our exposure to these entities is primarily through the financial interests we have purchased or retained, although for the consolidated Sequoia and CAFL entities we are exposed to certain financial risks associated with our role as a sponsor, servicing administrator, or depositor of these entities or as a result of our having sold assets directly or indirectly to these entities. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For financial reporting purposes, the underlying loans owned at the consolidated Sequoia and Freddie Mac SLST entities are shown under Residential loans held-for-investment at fair value, the underlying loans at the consolidated Freddie Mac K-Series entity are shown under Multifamily loans held-for-investment at fair value, and the underlying single-family rental loans at the consolidated CAFL entities are shown under Business purpose loans held-for-investment at fair value on our consolidated balance sheets. The asset-backed securities (&#8220;ABS&#8221;) issued to third parties by these entities are shown under ABS issued. In our consolidated statements of income (loss), we recorded interest income on the loans owned at these entities and interest expense on the ABS issued by these entities as well as other income and expenses associated with these entities' activities. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 14</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for further discussion on ABS issued.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We also consolidate two partnerships ("Servicing Investment" entities) through which we have invested in servicing-related assets. We maintain an 80% ownership interest in each entity and have determined that we are the primary beneficiary of these partnerships.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 4</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for further discussion on principles of consolidation. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements requires us to make a number of significant estimates. These include estimates of fair value of certain assets and liabilities, amounts and timing of credit losses, prepayment rates, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reported periods. It is likely that changes in these estimates (e.g., valuation changes due to supply and demand, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. Our estimates are inherently subjective in nature and actual results could differ from our estimates and the differences could be material.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Acquisitions </span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Refer to our Annual Report on Form 10-K for the year ended December&#160;31, 2020 for additional information regarding the acquisitions of 5 Arches and CoreVest, including purchase price allocations.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the acquisitions of 5 Arches and CoreVest in 2019, we identified and recorded finite-lived intangible assets totaling $25 million and $57 million, respectively. The table below presents the amortization period and carrying value of our intangible assets, net of accumulated amortization at March&#160;31, 2021 and December&#160;31, 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 2.1 &#8211; Intangible Assets &#8211; Activity</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:34.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.316%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.316%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.316%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.321%"/><td style="width:0.1%"/></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Intangible Assets at Acquisition</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Accumulated Amortization at March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Carrying Value at March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Amortization Period (in years)</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Borrower network</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">45,300&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(9,437)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">35,863&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Broker network</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">18,100&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(7,542)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10,558&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Non-compete agreements</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9,500&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(5,222)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,278&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Tradenames</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2,194)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,806&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Developed technology</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,800&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,313)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">487&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Loan administration fees on existing loan assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,600&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2,600)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">81,300&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(28,308)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">52,992&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6</span></td></tr></table></div><div style="margin-bottom:6pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:34.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.316%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.316%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.316%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.321%"/><td style="width:0.1%"/></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Intangible Assets at Acquisition</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Accumulated Amortization at December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Carrying Value at December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Amortization Period (in years)</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Borrower network</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">45,300&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(7,819)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">37,481&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Broker network</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">18,100&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(6,637)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11,463&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Non-compete agreements</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9,500&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(4,431)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5,069&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Tradenames</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,860)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,140&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Developed technology</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,800&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,088)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">712&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Loan administration fees on existing loan assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,600&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2,600)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">81,300&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(24,435)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">56,865&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6</span></td></tr></table></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All of our intangible assets are amortized on a straight-line basis. For each of the three months ended March&#160;31, 2021 and 2020, we recorded intangible asset amortization expense of $4 million. Estimated future amortization expense is summarized in the table below. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 2.2 &#8211; Intangible Asset Amortization Expense by Year</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:77.788%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.318%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2021 (9 months)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,431&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,800&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2023</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,091&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,073&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025 and thereafter</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,597&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Future Intangible Asset Amortization</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,992&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On a quarterly basis, we evaluate our finite-lived intangible assets for impairment indicators and additionally evaluate the useful lives of our intangible assets to determine if revisions to the remaining periods of amortization are warranted. We reviewed our finite-lived intangible assets and determined that the estimated lives were appropriate and that there were no indicators of impairment at March&#160;31, 2021.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A liability resulting from the contingent consideration arrangement with 5 Arches was initially recorded in 2019 at its acquisition-date fair value as part of total consideration for the acquisition of 5 Arches. During the three months ended March&#160;31, 2021, we distributed 806,068 shares of Redwood common stock and paid $1 million in cash in full settlement of the remaining deferred consideration associated with this acquisition.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -URI http://asc.fasb.org/topic&amp;trid=2122149<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -URI http://asc.fasb.org/topic&amp;trid=2197479<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>26
<FILENAME>R12.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457068600">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SignificantAccountingPoliciesTextBlock', window );">Summary of Significant Accounting Policies</a></td>
<td class="text">Summary of Significant Accounting Policies<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Significant Accounting Policies</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Included in </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 3 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">to the Consolidated Financial Statements of our&#160;Annual Report on Form 10-K for the year ended March&#160;31, 2021 is a summary of our significant accounting policies. </span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Recent Accounting Pronouncements</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Newly Adopted Accounting Standards Updates ("ASUs")</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In October 2020, the FASB issued ASU 2020-10, "Codification Improvements." This new guidance updates various codification topics by clarifying or improving disclosure requirements. This new guidance is effective for fiscal years ending after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In October 2020, the FASB issued ASU 2020-09, "Debt (Topic 470): Amendments to SEC Paragraphs Pursuant to SEC Release No. 33-10762." This new guidance aligns certain SEC paragraphs in the codification with new SEC rules issued in March 2020 related to changes to the disclosure requirements for registered debt securities. This new guidance became effective January 4, 2021. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In October 2020, the FASB issued ASU 2020-08, "Codification Improvements to Subtopic 310-20, Receivables - Nonrefundable Fees and Other Costs." This new guidance clarifies that an entity should reevaluate whether a callable debt security is within the scope of paragraph 310-20-35-33 for each reporting period. This new guidance is effective for fiscal years ending after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In January 2020, the FASB issued ASU 2020-01, "Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)." This new guidance clarifies the interaction of the accounting for equity securities, equity method investments, and certain forward contracts and purchased options. This new guidance is effective for fiscal years beginning after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes." This new guidance simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740 and by clarifying and amending existing guidance. This new guidance is effective for fiscal years beginning after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Other Recent Accounting Pronouncements</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In August 2020, the FASB issued ASU 2020-06, "Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40)." This new guidance simplifies the accounting for convertible debt by reducing the number of accounting models to separately present certain conversion features in equity. This new guidance is effective for fiscal years beginning after December 31, 2021. Early adoption is permitted. We plan to adopt this new guidance by the required date and do not anticipate that this update will have a material impact on our consolidated financial statements.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." This new guidance provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. In January 2021, the FASB issued ASU 2021-01, "Reference Rate Reform (Topic 848): Scope." This new guidance clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. This new guidance is effective for all entities as of March 12, 2020 through December 31, 2022. We are currently evaluating the impact the adoption of this standard would have on our consolidated financial statements. Through March&#160;31, 2021, we have not elected to apply the optional expedients and exceptions to any of our existing contracts, hedging relationships, or other transactions.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Balance Sheet Netting </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain of our derivatives and short-term debt are subject to master netting arrangements or similar agreements. Under GAAP, in certain circumstances we may elect to present certain financial assets, liabilities and related collateral subject to master netting arrangements in a net position on our consolidated balance sheets. However, we do not report any of these financial assets or liabilities on a net basis, and instead present them on a gross basis on our consolidated balance sheets. </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The table below presents financial assets and liabilities that are subject to master netting arrangements or similar agreements categorized by financial instrument, together with corresponding financial instruments and corresponding collateral received or pledged at March&#160;31, 2021 and December&#160;31, 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 3.1 &#8211; Offsetting of Financial Assets, Liabilities, and Collateral</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"><tr><td style="width:1.0%"/><td style="width:27.869%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.045%"/><td style="width:0.1%"/></tr><tr style="height:32pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts of Recognized Assets (Liabilities)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts Offset in Consolidated Balance Sheet</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts Not Offset in Consolidated <br/>Balance Sheet </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net Amount</span></td></tr><tr style="height:41pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">March 31, 2021 (In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Financial Instruments</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash Collateral (Received) Pledged</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Assets </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Interest rate agreements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">87,960&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">87,960&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(74,052)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,908&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">40,800&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">40,800&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(29,648)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8,696)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,456&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total Assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">128,760&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">128,760&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(29,648)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(82,748)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16,364&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Liabilities</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(35,621)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(35,621)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">29,648&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,973&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Futures</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,451)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,451)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,451&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loan warehouse debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(839,224)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(839,224)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">839,224&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Security repurchase agreements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(81,670)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(81,670)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">81,670&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(958,966)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(958,966)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">950,542&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,424&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"><tr><td style="width:1.0%"/><td style="width:27.869%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.045%"/><td style="width:0.1%"/></tr><tr style="height:32pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts of Recognized Assets (Liabilities)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts Offset in Consolidated Balance Sheet</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts Not Offset in Consolidated <br/>Balance Sheet </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net Amount</span></td></tr><tr style="height:41pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2020 (In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Financial Instruments</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash Collateral (Received) Pledged</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Assets </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Interest rate agreements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19,951&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19,951&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(7,769)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12,182&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,260&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,260&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13,423)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4,658)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">179&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total Assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">38,211&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">38,211&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13,423)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(12,427)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12,361&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Liabilities</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(15,495)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(15,495)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,423&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,061&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,011)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loan warehouse debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(137,269)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(137,269)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">137,269&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Security repurchase agreements</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(77,775)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(77,775)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">77,775&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(230,539)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(230,539)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">228,467&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,061&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,011)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Amounts presented in these columns are limited in total to the net amount of assets or liabilities presented in the prior column by instrument. In certain cases, there is excess cash collateral or financial assets we have pledged to a counterparty (which may, in certain circumstances, be a clearinghouse) that exceed the financial liabilities subject to a master netting arrangement or similar agreement. Additionally, in certain cases, counterparties may have pledged excess cash collateral to us that exceeds our corresponding financial assets. In each case, any of these excess amounts are excluded from the table although they are separately reported in our consolidated balance sheets as assets or liabilities, respectively.</span></div><div style="margin-top:8pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Interest rate agreements and TBAs are components of derivatives instruments on our consolidated balance sheets. Loan warehouse debt, which is secured by certain residential and business purpose loans, and security repurchase agreements are components of Short-term debt and Long-term debt on our consolidated balance sheets. </span></div>For each category of financial instrument set forth in the table above, the assets and liabilities resulting from individual transactions within that category between us and a counterparty are subject to a master netting arrangement or similar agreement with that counterparty that provides for individual transactions to be aggregated and treated as a single transaction. For certain categories of these instruments, some of our transactions are cleared and settled through one or more clearinghouses that are substituted as our counterparty. References herein to master netting arrangements or similar agreements include the arrangements and agreements governing the clearing and settlement of these transactions through the clearinghouses. In the event of the termination and close-out of any of those transactions, the corresponding master netting agreement or similar agreement provides for settlement on a net basis. Any such settlement would include the proceeds of the liquidation of any corresponding collateral, subject to certain limitations on termination, settlement, and liquidation of collateral that may apply in the event of the bankruptcy or insolvency of a party. Such limitations should not inhibit the eventual practical realization of the principal benefits of those transactions or the corresponding master netting arrangement or similar agreement and any corresponding collateral.<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountingPoliciesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountingPoliciesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SignificantAccountingPoliciesTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for all significant accounting policies of the reporting entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -URI http://asc.fasb.org/topic&amp;trid=2122369<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SignificantAccountingPoliciesTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>27
<FILENAME>R13.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774459330200">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Principles of Consolidation<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>Organization, Consolidation and Presentation of Financial Statements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityDisclosureTextBlock', window );">Principles of Consolidation</a></td>
<td class="text">Principles of ConsolidationGAAP requires us to consider whether securitizations we sponsor and other transfers of financial assets should be treated as sales or financings, as well as whether any VIEs that we hold variable interests in &#8211; for example, certain legal entities often used in securitization and other structured finance transactions &#8211; should be included in our consolidated financial statements. The GAAP principles we apply require us to reassess our requirement to consolidate VIEs each quarter and therefore our determination may change based upon new facts and circumstances pertaining to each VIE. This could result in a material impact to our consolidated financial statements during subsequent reporting periods. <div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Analysis of Consolidated VIEs </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, we consolidated Legacy Sequoia, Sequoia Choice, CAFL, Freddie Mac SLST, and Freddie Mac K-Series securitization entities that we determined were VIEs and for which we determined we were the primary beneficiary. Each of these entities is independent of Redwood and of each other and the assets and liabilities of these entities are not owned by and are not legal obligations of ours. Our exposure to these entities is primarily through the financial interests we have retained, although for the consolidated Sequoia and CAFL entities we are exposed to certain financial risks associated with our role as a sponsor, servicing administrator, or depositor of these entities or as a result of our having sold assets directly or indirectly to these entities. At March&#160;31, 2021, the estimated fair value of our investments in the consolidated Legacy Sequoia, Sequoia Choice, CAFL, Freddie Mac SLST, and Freddie Mac K-Series entities was $4 million, $224 million, $264 million, $433 million, and $29 million, respectively. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Beginning in 2018, we consolidated two Servicing Investment entities formed to invest in servicing-related assets that we determined were VIEs and for which we determined we were the primary beneficiary. At March&#160;31, 2021, we held an 80% ownership interest in, and were responsible for the management of, each entity. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 10</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for a further description of these entities and the investments they hold and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 12</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional information on the minority partner&#8217;s interest. Additionally, beginning in 2018, we consolidated an entity that was formed to finance servicer advances that we determined was a VIE and for which we, through our control of one of the aforementioned partnerships, were  the primary beneficiary. The servicer advance financing consists of non-recourse short-term securitization debt, secured by servicer advances. We consolidate the securitization entity, but the securitization entity is independent of Redwood and the assets and liabilities are not owned by and are not legal obligations of Redwood. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 13</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional information on the servicer advance financing. At March&#160;31, 2021, the estimated fair value of our investment in the Servicing Investment entities was $65 million. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents a summary of the assets and liabilities of these VIEs. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.1 &#8211; Assets and Liabilities of Consolidated VIEs Accounted for as Collateralized Financing Entities</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:24.038%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.904%"/><td style="width:0.1%"/></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Legacy <br/>Sequoia </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Sequoia <br/>Choice </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac<br/>K-Series</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Servicing Investment</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total<br/>Consolidated<br/>VIEs</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Residential loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,705,324&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Business purpose loans, held-for-investment</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Multifamily loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">225,723&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">225,723&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Cash and cash equivalents</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10,698&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10,698&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Restricted cash</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">148&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">29,518&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">29,666&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued interest receivable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">277&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,904&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13,528&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,560&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,338&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,191&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">29,798&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">597&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">12,341&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,860&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,125&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20,923&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">275,883&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,282,016&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,238,395&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,162,771&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">490,883&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">274,255&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">7,724,203&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Short-term debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">192,072&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">192,072&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued interest payable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">129&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,658&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10,412&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,669&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,208&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">114&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20,190&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued expenses and other liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">28&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">17,181&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">17,209&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Asset-backed securities issued</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">271,915&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,054,005&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,963,752&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,725,235&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">460,565&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,475,472&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">272,044&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,057,691&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,974,164&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,729,904&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">461,773&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">209,367&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,704,943&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Number of VIEs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">50&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:24.177%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.904%"/><td style="width:0.1%"/></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Legacy <br/>Sequoia </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Sequoia <br/>Choice </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac<br/>K-Series</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Servicing Investment</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total<br/>Consolidated<br/>VIEs</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Residential loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,565,322&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,072,410&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Business purpose loans, held-for-investment</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Multifamily loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">251,773&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">251,773&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Cash and cash equivalents</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">11,579&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">11,579&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Restricted cash</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">148&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">23,220&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">23,368&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued interest receivable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">305&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,802&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13,055&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,754&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,337&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,334&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">30,587&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">638&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,930&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">646&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,723&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">9,937&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">287,026&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,572,124&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,265,179&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,228,553&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">493,558&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">294,629&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,141,069&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Short-term debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">208,375&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">208,375&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued interest payable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">141&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,697&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10,278&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,846&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,177&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">135&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">21,274&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued expenses and other liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">50&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">18,353&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">18,403&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Asset-backed securities issued</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">282,326&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,347,357&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,013,093&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,793,620&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">463,966&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,900,362&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">282,467&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,352,104&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,023,371&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,798,466&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">465,143&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">226,863&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">7,148,414&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Number of VIEs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">50&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents income (loss) from these VIEs for the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.2 &#8211; Income (Loss) from Consolidated VIEs Accounted for as Collateralized Financing Entities</span></div><div style="margin-bottom:5pt;margin-top:11pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"><tr><td style="width:1.0%"/><td style="width:23.830%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.936%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="39" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Legacy <br/>Sequoia </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Sequoia <br/>Choice </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac<br/>K-Series</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Servicing Investment</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total<br/>Consolidated<br/>VIEs</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,348&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15,483&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20,159&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,786&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">48,873&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,222&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">94,871&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(875)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(12,106)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(14,468)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,356)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(39,011)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,286)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(72,102)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net interest income </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">473&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,377&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,691&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">430&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">9,862&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,936&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">22,769&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(699)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,898&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,117&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,921&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(286)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,246)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15,705&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total non-interest income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(699)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,898&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,117&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,921&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(286)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,246)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15,705&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">General and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(38)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(38)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(330)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(330)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Income from Consolidated VIEs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(226)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,275&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">9,808&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">9,351&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">9,576&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,322&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">38,106&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:11pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"><tr><td style="width:1.0%"/><td style="width:23.830%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.936%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="39" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Legacy <br/>Sequoia </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Sequoia <br/>Choice </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac<br/>K-Series</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Servicing Investment</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total<br/>Consolidated<br/>VIEs</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,194&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25,083&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">21,986&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">40,172&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">30,010&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,083&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">124,528&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(2,522)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(21,510)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(16,176)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(38,348)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(21,939)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,577)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(102,072)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net interest income </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">672&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,573&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,810&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,824&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,071&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,506&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">22,456&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(391)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(69,668)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(142,161)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(86,509)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(67,846)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(11,884)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(378,459)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total non-interest income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(391)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(69,668)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(142,161)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(86,509)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(67,846)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(11,884)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(378,459)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">General and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(31)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(31)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,882&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,882&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Income from Consolidated VIEs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">281&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(66,095)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(136,351)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(84,685)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(59,775)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(7,527)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(354,152)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We consolidate the assets and liabilities of certain Sequoia and CAFL securitization entities, as we did not meet the GAAP sale criteria at the time we transferred financial assets to these entities. Our involvement in consolidated Sequoia and CAFL entities continues in the following ways: (i)&#160;we continue to hold subordinate investments in each entity, and for certain entities, more senior investments; (ii)&#160;we maintain certain discretionary rights associated with our sponsorship of, or our subordinate investments in, each entity; and (iii)&#160;we continue to hold a right to call the assets of certain entities (once they have been paid down below a specified threshold) at a price equal to, or in excess of, the current outstanding principal amount of the entity&#8217;s asset-backed securities issued. These factors have resulted in our continuing to consolidate the assets and liabilities of these Sequoia and CAFL entities in accordance with GAAP. </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We consolidate the assets and liabilities of certain Freddie Mac K-Series and SLST securitization trusts resulting from our investment in subordinate securities issued by these trusts, and in the case of certain CAFL securitizations, resulting from securities acquired through our acquisition of CoreVest. Additionally, we consolidate the assets and liabilities of Servicing Investment entities from our investment in servicer advance investments and excess MSRs. In each case, we maintain certain discretionary rights associated with the ownership of these investments that we determined reflected a controlling financial interest, as we have both the power to direct the activities that most significantly impact the economic performance of the VIEs and the right to receive benefits of and the obligation to absorb losses from the VIEs that could potentially be significant to the VIEs. </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the third quarter of 2020, we re-securitized subordinate securities we owned in our consolidated Freddie Mac SLST securitization trusts, through the transfer of these financial assets to a re-securitization trust that we sponsored. We retain a subordinate investment in the re-securitization trust and maintain certain discretionary rights associated with the ownership of this investment that we determined reflected a controlling financial interest in the entity, as we have both the power to direct the activities that most significantly impact the performance of the VIE and the right to receive benefits of and the obligation to absorb losses from the VIE that could potentially be significant to the VIE. At securitization, we issued $210&#160;million of ABS and have elected to account for the ABS issued at amortized cost.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Analysis of Unconsolidated VIEs with Continuing Involvement</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Since 2012, we have transferred residential loans to 54 Sequoia securitization entities sponsored by us that are still outstanding as of March&#160;31, 2021, and accounted for these transfers as sales for financial reporting purposes, in accordance with ASC 860. We also determined we were not the primary beneficiary of these VIEs as we lacked the power to direct the activities that will have the most significant economic impact on the entities. For certain of these transfers to securitization entities, for the transferred loans where we held the servicing rights prior to the transfer and continued to hold the servicing rights following the transfer, we recorded mortgage servicing rights ("MSRs") on our consolidated balance sheets, and classified those MSRs as Level 3 assets. We also retained senior and subordinate securities in these securitizations that we classified as Level 3 assets. Our continuing involvement in these securitizations is limited to customary servicing obligations associated with retaining servicing rights (which we retain a third-party sub-servicer to perform) and the receipt of interest income associated with the securities we retained. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March 31, 2021, we called one of our unconsolidated Sequoia entities, and purchased $19&#160;million (unpaid principal balance) of loans from the securitization trust. In association with this call, we realized a $2&#160;million gain on the securities we owned from this called securitization, which was recognized through Realized gains, net on our consolidated statements of income. At March 31, 2021, we held $19&#160;million of loans for sale at fair value that were acquired following this call. </span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents information related to securitization transactions that occurred during the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.3 &#8211; Securitization Activity Related to Unconsolidated VIEs Sponsored by Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:67.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.761%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.763%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans transferred</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">875,879&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,573,703&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading securities retained, at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,549&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,362&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">AFS securities retained, at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,078&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,198&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the cash flows during the three months ended March&#160;31, 2021 and 2020 between us and the unconsolidated VIEs sponsored by us and accounted for as sales since 2012.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.4 &#8211; Cash Flows Related to Unconsolidated VIEs Sponsored by Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:67.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.761%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.763%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Proceeds from new transfers</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">904,390&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,610,761&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSR fees received</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,607&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,690&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Funding of compensating interest, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(100)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(92)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash flows received on retained securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,629&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,581&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the key weighted-average assumptions used to value securities retained at the date of securitization for securitizations completed during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.5 &#8211; Assumptions Related to Assets Retained from Unconsolidated VIEs Sponsored by Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:29.358%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:15.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:15.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.595%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">At Date of Securitization</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Senior IO Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate Securities</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Senior IO Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate Securities</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prepayment rates</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12 %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12 %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Discount rates</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15 %</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6 %</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit loss assumptions</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.22 %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.22 %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.21&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.22&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents additional information at March&#160;31, 2021 and December&#160;31, 2020, related to unconsolidated VIEs sponsored by Redwood and accounted for as sales since 2012.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.6 &#8211; Unconsolidated VIEs Sponsored by Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:64.129%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.592%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">On-balance sheet assets, at fair value:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest-only, senior and subordinate securities, classified as trading</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,692&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,982&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subordinate securities, classified as AFS</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">141,632&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">136,475&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage servicing rights</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,648&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,413&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Maximum loss exposure </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">170,972&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">165,870&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assets transferred:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans outstanding</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,188,320&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,728,432&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans 30+ days delinquent</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,671&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">138,029&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Maximum loss exposure from our involvement with unconsolidated VIEs pertains to the carrying value of our securities and MSRs retained from these VIEs and represents estimated losses that would be incurred under severe, hypothetical circumstances, such as if the value of our interests and any associated collateral declines to zero. This does not include, for example, any potential exposure to representation and warranty claims associated with our initial transfer of loans into a securitization.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents key economic assumptions for assets retained from unconsolidated VIEs and the sensitivity of their fair values to immediate adverse changes in those assumptions at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.7 &#8211; Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated VIEs Sponsored by Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:60.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.986%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">MSRs</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Senior</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Securities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate Securities</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fair value at March 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,648&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,692&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">141,632&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expected life (in years)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prepayment speed assumption (annual CPR)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38 %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27 %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33 %</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10% adverse change</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">786&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,541&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">288&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25% adverse change</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,752&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,508&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">759&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Discount rate assumption</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12 %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19 %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100 basis point increase</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">477&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,937&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200 basis point increase</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">346&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">930&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,961&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit loss assumption </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.40&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.40&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10% higher losses</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,519&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25% higher losses</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,187&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:60.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.986%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">MSRs</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Senior</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Securities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate Securities</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fair value at December 31, 2020</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,413&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,333&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">140,124&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expected life (in years)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prepayment speed assumption (annual CPR)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10% adverse change</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">906&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,557&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">452&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25% adverse change</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,058&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,754&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,298&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Discount rate assumption</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100 basis point increase</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">196&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">337&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,769&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200 basis point increase</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">380&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">659&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,650&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit loss assumption </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.41&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.41&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10% higher losses</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,409&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25% higher losses</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,915&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div><span><br/></span></div><div style="margin-bottom:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Senior securities included $22 million and $17 million of interest-only securities at March&#160;31, 2021 and December&#160;31, 2020, respectively. </span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Expected life, prepayment speed assumption, discount rate assumption, and credit loss assumption presented in the tables above represent weighted averages.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Analysis of Unconsolidated Third-Party VIEs</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Third-party VIEs are securitization entities in which we maintain an economic interest, but do not sponsor. Our economic interest may include several securities and other investments from the same third-party VIE, and in those cases, the analysis is performed in consideration of all of our interests. The following table presents a summary of our interests in third-party VIEs at March&#160;31, 2021 and December&#160;31, 2020, grouped by asset type. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.8 &#8211; Third-Party Sponsored VIE Summary</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:64.129%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.592%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage-Backed Securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Senior </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,888&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,131&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mezzanine</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,014&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subordinate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">191,108&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">173,523&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Mortgage-Backed Securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200,996&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">186,668&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSR</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,267&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,133&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Investments in Third-Party Sponsored VIEs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">214,263&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200,801&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We determined that we are not the primary beneficiary of these third-party VIEs, as we do not have the required power to direct the activities that most significantly impact the economic performance of these entities. Specifically, we do not service or manage these entities or otherwise solely hold decision making powers that are significant. As a result of this assessment, we do not consolidate any of the underlying assets and liabilities of these third-party VIEs &#8211; we only account for our specific interests in them. </span></div>Our assessments of whether we are required to consolidate a VIE may change in subsequent reporting periods based upon changing facts and circumstances pertaining to each VIE. Any related accounting changes could result in a material impact to our financial statements.<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -URI http://asc.fasb.org/topic&amp;trid=2197479<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>28
<FILENAME>R14.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457084456">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value of Financial Instruments<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresAbstract', window );"><strong>Fair Value Disclosures [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresTextBlock', window );">Fair Value of Financial Instruments</a></td>
<td class="text">Fair Value of Financial Instruments<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For financial reporting purposes, we follow a fair value hierarchy established under GAAP that is used to determine the fair value of financial instruments. This hierarchy prioritizes relevant market inputs in order to determine an &#8220;exit price&#8221; at the measurement date, or the price at which an asset could be sold or a liability could be transferred in an orderly process that is not a forced liquidation or distressed sale. Level 1 inputs are observable inputs that reflect quoted prices for identical assets or liabilities in active markets. Level 2 inputs are observable inputs other than quoted prices for an asset or liability that are obtained through corroboration with observable market data. Level 3 inputs are unobservable inputs (e.g., our own data or assumptions) that are used when there is little, if any, relevant market activity for the asset or liability required to be measured at fair value. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In certain cases, inputs used to measure fair value fall into different levels of the fair value hierarchy. In such cases, the level at which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. Our assessment of the significance of a particular input requires judgment and considers factors specific to the asset or liability being measured. </span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the carrying values and estimated fair values of assets and liabilities that are required to be recorded or disclosed at fair value at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.1 &#8211; Carrying Values and Fair Values of Assets and Liabilities</span></div><div style="margin-bottom:11pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:49.386%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.582%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.582%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.582%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.588%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Carrying<br/>Value</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Carrying<br/>Value</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Residential loans, held-for-sale at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">996,476&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">996,476&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">176,604&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">176,604&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Residential loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,705,324&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,705,324&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,072,410&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,072,410&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Business purpose loans, held-for-sale</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Business purpose loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,839,010&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,839,010&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,890,959&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,890,959&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Multifamily loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">364,320&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">364,320&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">344,125&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">344,125&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Servicer advance investments </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">206,525&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">206,525&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">231,489&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">231,489&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">MSRs </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,945&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,945&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,815&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,815&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Excess MSRs </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">32,465&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">32,465&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">34,418&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">34,418&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Shared home appreciation options</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">45,823&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">45,823&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">42,440&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">42,440&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash and cash equivalents</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">426,019&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">426,019&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">461,260&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">461,260&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Restricted cash</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">95,775&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">95,775&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">83,190&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">83,190&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Derivative assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">129,924&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">129,924&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">53,238&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">53,238&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">REO </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,829&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,176&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,413&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,229&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Margin receivable</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16,283&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16,283&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,758&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,758&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">FHLBC stock </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Pledged collateral</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,177&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,177&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Short-term debt </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,253,882&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,253,882&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">522,609&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">522,609&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Margin payable </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">84,306&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">84,306&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Guarantee obligation </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,238&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,782&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,039&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,843&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Derivative liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">73,178&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">73,178&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16,072&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16,072&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">ABS issued, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,475,472&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,475,472&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,900,362&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,900,362&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Amortized cost</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">196,205&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">200,157&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">200,299&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">204,892&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">FHLBC long-term borrowings</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other long-term debt, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">786,869&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">793,421&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">774,726&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">783,570&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Convertible notes, net </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">511,707&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">522,423&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">511,085&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">499,865&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trust preferred securities and subordinated notes, net </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">138,686&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">97,650&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">138,674&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">80,910&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">These investments are included in Other investments on our consolidated balance sheets.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">These assets are included in Other assets on our consolidated balance sheets.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">These liabilities are included in Accrued expenses and other liabilities on our consolidated balance sheets.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March&#160;31, 2021, we elected the fair value option for $22 million of securities, $3.10 billion of residential loans (principal balance), and $386 million of business purpose loans (principal balance). We anticipate electing the fair value option for all future purchases of residential and business purpose loans that we intend to sell to third parties or transfer to securitizations, for business purpose bridge loans we hold for investment, as well as for certain securities we purchase, including IO securities and fixed-rate securities rated investment grade or higher. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the assets and liabilities that are reported at fair value on our consolidated balance sheets on a recurring basis at March&#160;31, 2021 and December&#160;31, 2020, as well as the fair value hierarchy of the valuation inputs used to measure fair value.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.2 &#8211; Assets and Liabilities Measured at Fair Value on a Recurring Basis </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:47.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.987%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying<br/>Value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair Value Measurements Using</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 1</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 2</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 3</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,701,800&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,701,800&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,172,120&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,172,120&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">364,320&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">364,320&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">206,525&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">206,525&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSRs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,945&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,945&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,465&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,465&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,823&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,823&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">129,924&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,800&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">87,960&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,164&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FHLBC stock</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73,178&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,072&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,106&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ABS issued</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,475,472&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,475,472&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:47.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.987%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying<br/>Value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair Value Measurements Using</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 1</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 2</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 3</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,249,014&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,249,014&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,136,353&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,136,353&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">344,125&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">344,125&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">231,489&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">231,489&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSRs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,815&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,815&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,418&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,418&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,440&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,440&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53,238&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,260&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,951&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,027&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pledged collateral</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,177&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,177&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FHLBC stock</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,072&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,495&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">577&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ABS issued</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,900,362&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,900,362&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents additional information about Level 3 assets and liabilities measured at fair value on a recurring basis for the three months ended March&#160;31, 2021.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.3 &#8211; Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis </span></div><div style="margin-bottom:5pt;margin-top:17pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.444%"><tr><td style="width:1.0%"/><td style="width:14.682%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.698%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.698%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.838%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.419%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.860%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.397%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.302%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.419%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.405%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="51" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Residential Loans</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Business Purpose<br/>Loans</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Multifamily Loans</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Trading Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">AFS <br/>Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Servicer Advance Investments</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">MSRs</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Excess MSRs</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Shared Home Appreciation Options</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:26pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Beginning balance -<br/>&#160;&#160;&#160;December 31, 2020</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,249,014&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,136,353&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">125,667&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">218,458&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">231,489&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,815&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">34,418&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">42,440&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Acquisitions</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,146,682&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22,429&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,078&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Originations</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">386,327&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Sales</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,348,126)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8,877)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(23,546)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,200)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Principal paydowns</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(369,393)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(282,289)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,946)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(509)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11,238)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(24,804)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,932)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Gains (losses) in net income (loss), net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">24,898&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(45,987)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(730)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21,349&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,596&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(160)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(870)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,953)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,315&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Unrealized losses in OCI, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,236&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other settlements, net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,275)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13,407)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Ending balance - <br/>&#160;&#160;&#160;March 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,701,800&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,172,120&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">145,390&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">218,930&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">206,525&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,945&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">32,465&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">45,823&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.3 &#8211; Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis (continued)</span></div><div style="margin-bottom:5pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:72.788%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.261%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.263%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Liabilities</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Derivatives </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">ABS<br/>Issued</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Beginning balance - December 31, 2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14,450&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,900,362&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Acquisitions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">147,086&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Principal paydowns</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(494,234)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Gains (losses) in net income (loss), net</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(52,761)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(77,742)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other settlements, net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,369&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Ending balance - March 31, 2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(33,942)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,475,472&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)&#160;&#160;&#160;&#160;Other settlements, net for residential and business purpose loans represents the transfer of loans to REO, and for derivatives, the settlement of forward sale commitments and the transfer of the fair value of loan purchase or interest rate lock commitments at the time loans are acquired to the basis of residential and single-family rental loans. </span></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)&#160;&#160;&#160;&#160;For the purpose of this presentation, derivative assets and liabilities, which consist of loan purchase commitments and interest rate lock commitments, are presented on a net basis.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the portion of gains or losses included in our consolidated statements of income (loss) that were attributable to Level 3 assets and liabilities recorded at fair value on a recurring basis and held at March&#160;31, 2021 and 2020. Gains or losses incurred on assets or liabilities sold, matured, called, or fully written down during the three months ended March&#160;31, 2021 and 2020 are not included in this presentation.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.4 &#8211; Portion of Net Gains (Losses) Attributable to Level 3 Assets and Liabilities Still Held at March&#160;31, 2021 and 2020 Included in Net Income</span></div><div style="margin-bottom:5pt;margin-top:3pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.483%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.485%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Included in Net Income</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans at Redwood</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,978)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(102,867)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,104&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(68,864)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in consolidated Sequoia entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,201&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(179,499)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in consolidated Freddie Mac SLST entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,088&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(193,035)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in consolidated Freddie Mac K-Series entity </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,921&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10,351)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in consolidated CAFL entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">370&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(271,917)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">490&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(136,359)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(160)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6,062)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSRs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">756&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16,640)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,952)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,494)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,315&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7,554)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan purchase and interest rate lock commitments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,053&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan purchase commitments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(35,661)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,967)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Contingent consideration</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(312)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)&#160;&#160;&#160;&#160;Represents the portion of net gains or losses included in our consolidated statements of income (loss) related to loans and the associated ABS issued at our consolidated securitization entities held at March&#160;31, 2021 and 2020, which netted together represent the change in value of our investments at the consolidated VIEs, excluding REO.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents information on assets recorded at fair value on a non-recurring basis at March&#160;31, 2021. This table does not include the carrying value and gains or losses associated with the asset types below that were not recorded at fair value on our consolidated balance sheets at March&#160;31, 2021.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.5 &#8211; Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis at March&#160;31, 2021 </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:43.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.156%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gain (Loss) for</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying <br/>Value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair Value Measurements Using</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Three Months Ended</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 1</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 2</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 3</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">REO</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,316&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,316&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the net market valuation gains and losses recorded in each line item of our consolidated statements of income for the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.6 &#8211; Market Valuation Gains and Losses, Net</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.483%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.483%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.485%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mortgage Banking Activities, Net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans held-for-sale, at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,112&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,480)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loan purchase and forward sale commitments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(52,385)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,435&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Single-family rental loans held-for-sale, at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,248&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,467&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Single-family rental loan purchase and interest rate lock commitments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">341&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bridge loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,044&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,934)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading securities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">721&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk management derivatives, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">92,822&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(52,832)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total mortgage banking activities, net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">75,562&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(37,003)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Investment Fair Value Changes, Net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans at Redwood</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">317&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(93,636)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Single-family rental loans held-for-investment</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,028)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bridge loans held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,304&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(38,602)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,628&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(263,325)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(160)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6,062)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,953)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,494)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in Legacy Sequoia entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(699)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(391)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in Sequoia Choice entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,898&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(69,669)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in Freddie Mac SLST entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,117&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(142,162)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investment in Freddie Mac K-Series entity </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,921&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(86,509)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in CAFL entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(286)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(67,846)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,315&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7,554)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">310&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,887)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk management derivatives, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(59,142)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit recoveries (losses) on AFS securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">375&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,525)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,087&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(870,832)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other Income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSRs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(866)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(18,608)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk management derivatives, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,966&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total other income </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(866)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,642)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Market Valuation Gains (Losses), Net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">119,783&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(912,477)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">(1)</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt">Represents fair value changes on trading securities that are being used along with risk management derivatives to manage the mark-to-market risks associated with our residential mortgage banking operations.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">(2)</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt">Mortgage banking activities, net presented above does not include fee income from loan originations or acquisitions, provisions for repurchases expense, and other expenses that are components of Mortgage banking activities, net presented on our consolidated statements of income (loss), as these amounts do not represent market valuation changes.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt">Includes changes in fair value of the residential loans held-for-investment, REO and the ABS issued at the entities, which netted together represent the change in value of our investments at the consolidated VIEs.</span></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">(4)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt">Other income presented above does not include net MSR fee income or provisions for repurchases for MSRs, as these amounts do not represent market valuation adjustments. </span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, our valuation policy and processes had not changed from those described in our Annual Report on Form 10-K for the year ended December&#160;31, 2020. The following table provides quantitative information about the significant unobservable inputs used in the valuation of our Level 3 assets and liabilities measured at fair value.</span></div><div style="margin-bottom:9pt;margin-top:3pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.7 &#8211; Fair Value Methodology for Level 3 Financial Instruments</span></div><div style="margin-bottom:14pt;margin-top:8pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:24.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.761%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:27.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.261%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.466%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.261%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.483%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.538%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.488%"/><td style="width:0.1%"/></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Input Values</span></td></tr><tr style="height:24pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands, except Input Values)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Unobservable Input</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Range</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Average</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assets</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Residential loans, at fair value:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Jumbo fixed-rate loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">422,819&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Whole loan spread to TBA price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.75&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.75&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.75&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Whole loan spread to swap rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">250&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">250&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">250&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Jumbo loans committed to sell</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">573,657&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Whole loan committed sales price</span></td><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.68&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">103.28&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101.50&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loans held by Legacy Sequoia </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Liability price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loans held by Sequoia Choice </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Liability price</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loans held by Freddie Mac SLST </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Liability price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Business purpose loans:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Single-family rental loans</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Senior credit spread</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">75&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">75&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">75&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Subordinate credit spread</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">120&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,598&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">312&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Senior credit support</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">IO discount rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Non-securitizable loan dollar price</span></td><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">86&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">102&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Single-family rental loans held by CAFL</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Liability price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Bridge loans</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:125%">Multifamily loans held by Freddie Mac K-Series </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:125%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Liability price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Trading and AFS securities</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">364,320&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Default rate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">CRT dollar price</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">112&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">98&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">206,525&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Expected remaining life </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">years</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">years</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Mortgage servicing income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">MSRs</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,945&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Per loan annual cost to service</span></td><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,465&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Excess mortgage servicing income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.7 &#8211; Fair Value Methodology for Level 3 Financial Instruments (continued)</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:24.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.761%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:27.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.261%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.466%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.261%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.483%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.538%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.488%"/><td style="width:0.1%"/></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Input Values</span></td></tr><tr style="height:26pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands, except Input Values)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Unobservable Input</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Range</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Average </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets (continued)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,823&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Home price appreciation</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">REO</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,316&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53 %</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Residential loan purchase commitments, net </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,942&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Committed sales price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">98.53&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">102.15&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.13&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Pull-through rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">76&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Whole loan spread to TBA price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.75&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.75&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.75&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Whole loan spread to swap rate </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">250&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">250&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">250&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">bps</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">MSR multiple</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">x</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">x</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">ABS issued </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">:</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">At consolidated Sequoia entities</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,325,920&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;% </span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Default rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">At consolidated Freddie Mac SLST entities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,725,235&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Default rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">At consolidated Freddie Mac K-Series entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">460,565&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;% </span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">At consolidated CAFL entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,963,752&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Default rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The weighted average input values for all loan types are based on the unpaid principal balance. The weighted average input values for all other assets and liabilities are based on relative fair value. </span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities. At March&#160;31, 2021, the fair value of securities we owned at the consolidated Sequoia, Freddie Mac SLST, Freddie Mac K-Series, and CAFL entities was $226 million, $431 million, $29 million, and $261 million, respectively.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:8.68pt">Represents the estimated average duration of outstanding servicer advances at a given point in time (not taking into account new advances made with respect to the pool). </span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">As a market convention, certain securities are priced to a no-loss yield and therefore do not include default and loss severity assumptions. </span></div><div style="margin-top:12pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Determination of Fair Value</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We generally use both market comparable information and discounted cash flow modeling techniques to determine the fair value of our Level 3 assets and liabilities. Use of these techniques requires determination of relevant inputs and assumptions, some of which represent significant unobservable inputs as indicated in the preceding table. Accordingly, a significant increase or decrease in any of these inputs - such as anticipated credit losses, prepayment rates, interest rates, or other valuation assumptions - in isolation would  likely result in a significantly lower or higher fair value measurement.</span></div><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Included in </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 5 </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">to the Consolidated Financial Statements of our&#160;Annual Report on Form 10-K for the year ended </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">December&#160;31, 2020</span> is a more detailed description of our financial instruments measured at fair value and their significant inputs, as well as the general classification of such instruments pursuant to the Level 1, Level 2, and Level 3 valuation hierarchy.<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueDisclosuresAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueDisclosuresAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueDisclosuresTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueDisclosuresTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>29
<FILENAME>R15.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457067752">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Residential Loans<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesAbstract', window );"><strong>Receivables [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock', window );">Residential Loans</a></td>
<td class="text">Residential Loans<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We acquire residential loans from third-party originators and may sell or securitize these loans or hold them for investment. 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 March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.1 &#8211; Classifications and Carrying Values of Residential Loans</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:29.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.099%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,705,324&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Residential Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,701,836&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:29.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.099%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,565,322&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,072,410&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Residential Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,565,322&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,249,051&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, we owned mortgage servicing rights associated with $977 million (principal balance) of residential loans owned at Redwood that were purchased from third-party originators. The value of these MSRs is included in the carrying value of the associated loans on our consolidated balance sheets. We contract with licensed sub-servicers that perform servicing functions for these loans.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Residential Loans Held-for-Sale</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">At Fair Value</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the characteristics of residential loans held-for-sale at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.2 &#8211; Characteristics of Residential Loans Held-for-Sale</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:61.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.816%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.819%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,115&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">198&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">990,841&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">172,748&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under short-term borrowing agreements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">926,076&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">156,355&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,882&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,882&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,223&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,223&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of residential loans held-for-sale during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.3 &#8211; Activity of Residential Loans Held-for-Sale</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal balance of loans acquired</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,096,048&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,629,908&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal balance of loans sold</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,275,832&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,656,719&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,429&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,480)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Net market valuation gains (losses) on residential loans held-for-sale are recorded primarily through Mortgage banking activities, net on our consolidated statements of income (loss).</span></div><div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Residential Loans Held-for-Investment at Fair Value</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We invest in residential subordinate securities issued by Legacy Sequoia, Sequoia Choice and Freddie Mac SLST securitization trusts and consolidate the underlying residential loans owned by these entities for financial reporting purposes in accordance with GAAP. The following tables summarize the characteristics of the residential loans owned at consolidated Sequoia and Freddie Mac SLST entities at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.4 &#8211; Characteristics of Residential Loans Held-for-Investment</span></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:58.483%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.681%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,814&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,780&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,294&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">314,243&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,264,645&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,184,111&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">68&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,982&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,831&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54,546&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">362,785&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">251&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,214&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,248&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,044&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:58.483%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.681%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,908&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,177&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,605&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,474&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,550,454&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,247,771&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,565,322&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,110&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,285&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74,742&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">389,245&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,939&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,251&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,610&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For loans held at consolidated entities, the number of loans greater than 90 days delinquent includes loans in foreclosure.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of residential loans held-for-investment at Redwood during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.5 &#8211; Activity of Residential Loans Held-for-Investment at Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans transferred from HFS to HFI</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,258&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans transferred from HFI to HFS</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,870,986&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(93,636)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Subsequent to the transfer of these loans to our investment portfolio, net market valuation gains (losses) on residential loans held-for-investment at Redwood are recorded through Investment fair value changes, net on our consolidated statements of income (loss).</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of residential loans held-for-investment at consolidated entities during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.6 &#8211; Activity of Residential Loans Held-for-Investment at Consolidated Entities</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:27.650%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.153%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Freddie Mac</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Freddie Mac</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">SLST</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,613&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,578)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,566)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(69,014)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(110,485)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(193,020)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For loans held at our consolidated Legacy Sequoia, Sequoia Choice, and Freddie Mac SLST entities, market value changes are based on the estimated fair value of the associated ABS issued, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investments in these securitization entities is presented in Table 4.2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">.</span></div>Business Purpose Loans<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We originate and invest in business purpose loans, including single-family rental ("SFR") loans and bridge loans. The following table summarizes the classifications and carrying values of the business purpose loans owned at Redwood and at consolidated CAFL entities at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.1 &#8211; Classifications and Carrying Values of Business Purpose Loans</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.583%"><tr><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.662%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,839,010&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Business Purpose Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,172,120&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.583%"><tr><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.662%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641,765&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,890,959&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Business Purpose Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641,765&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,136,353&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of business purpose loans at Redwood during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.2 &#8211; Activity of Business Purpose Loans at Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:51.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.152%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SFR at Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SFR at Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans originated</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">253,098&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">133,229&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">260,129&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">227,368&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans sold to third parties </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,877&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,148&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,735&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fair value of loans transferred from HFS to HFI </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">169,404&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">378,109&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage banking activities income (loss) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,248&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">542&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,330&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(164)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,304&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,028)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(38,602)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">During the three months ended March&#160;31, 2021 and 2020, we transferred $169 million and $378 million of single-family rental loans, respectively, from held-for-sale to held-for-investment associated with one and one CAFL securitizations, respectively.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents origination fees and net market valuation changes from the time a loan is originated to when it is sold or transferred to our investment portfolio. For the three months ended March&#160;31, 2021 and 2020, we recorded loan origination fee income of $6 million and $8 million, respectively, through Mortgage banking activities, net on our consolidated statements of income (loss).</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents net market valuation changes for loans classified as held-for-investment.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Bridge Loans Held-for-Investment</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The outstanding bridge loans held-for-investment at March&#160;31, 2021 were first lien, interest-only loans with original maturities of <span style="-sec-ix-hidden:id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MTY5Ng_cc66ea5e-e253-411a-a187-c06bb1ccf2da">six</span> to 24 months and were comprised of 58% one-month LIBOR-indexed adjustable-rate loans and 42% fixed-rate loans. During the three months ended March&#160;31, 2021, we transferred two loans with a fair value of $1 million to REO, which is included in Other assets on our consolidated balance sheets. At March&#160;31, 2021, we had a $283 million commitment to fund bridge loans. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 16</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional information on this commitment.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Single-Family Rental Loans Held-for-Investment at CAFL</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;We invest in securities issued by CAFL securitizations sponsored by CoreVest and consolidate the underlying single-family rental loans owned by these entities. The outstanding single-family rental loans held-for-investment at CAFL at March&#160;31, 2021 were first-lien, fixed-rate loans with original maturities of five, seven, or ten years. The following table provides the activity of single-family rental loans held-for-investment at CAFL during the threes ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.3 &#8211; Activity of Single-Family Rental Loans Held-for-Investment at CAFL</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(60,901)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(271,917)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For loans held at our consolidated CAFL entities, market value changes are based on the estimated fair value of the associated ABS issued, including securities we own, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investments in these securitization entities is presented in Table 4.2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Business Purpose Loan Characteristics</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following tables summarize the characteristics of the business purpose loans owned at Redwood and at consolidated CAFL entities at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.4 &#8211; Characteristics of Business Purpose Loans </span></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:56.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.374%"/><td style="width:0.1%"/></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Bridge</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">77&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,120&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,097&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">322,181&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,029,498&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">629,934&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average coupon</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.84&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.41&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.93&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average remaining loan term (years)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under short-term debt facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74,733&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90,096&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under long-term debt facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">228,125&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">522,050&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,883&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57,985&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,850&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,676&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,556&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,976&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,234&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,424&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans in foreclosure</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,808&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,183&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:56.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.374%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td></tr><tr style="height:23pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,094&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,725&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">234,475&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,017,137&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">649,532&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641,765&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average coupon</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.84&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.44&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.09&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average remaining loan term (years)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under short-term debt facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,098&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">92,931&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under long-term debt facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">154,774&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">544,151&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,127&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61,440&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,415&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,143&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,605&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,745&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,552&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans in foreclosure</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,066&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The number of loans greater than 90 days delinquent includes loans in foreclosure.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities.</span></div>Multifamily Loans<div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We invest in multifamily subordinate securities issued by a Freddie Mac K-Series securitization trust and consolidate the underlying multifamily loans owned by this entity for financial reporting purposes in accordance with GAAP. The following table summarizes the characteristics of the multifamily loans consolidated at Redwood at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 8.1 &#8211; Characteristics of Multifamily Loans</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:61.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.816%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.819%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">460,861&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">462,808&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average coupon</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.25&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.25&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average remaining loan term (years)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The outstanding multifamily loans held-for-investment at the consolidated Freddie Mac K-Series entity at March&#160;31, 2021 were first-lien, fixed-rate loans that were originated in 2015. The following table provides the activity of multifamily loans held-for-investment during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 8.2 &#8211; Activity of Multifamily Loans Held-for-Investment</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(730)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(82,431)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Net market valuation gains (losses) on multifamily loans held-for-investment are recorded through Investment fair value changes, net on our consolidated statements of income (loss). For loans held at our consolidated Freddie Mac K-Series entity, market value changes are based on the estimated fair value of the associated ABS issued, including securities we own, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investment in these securitization entities is presented in Table 4.2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -URI http://asc.fasb.org/subtopic&amp;trid=2196772<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReceivablesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>30
<FILENAME>R16.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774553685448">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Business Purpose Loans<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesAbstract', window );"><strong>Receivables [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock', window );">Business Purpose Loans</a></td>
<td class="text">Residential Loans<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We acquire residential loans from third-party originators and may sell or securitize these loans or hold them for investment. 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 March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.1 &#8211; Classifications and Carrying Values of Residential Loans</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:29.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.099%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,705,324&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Residential Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,701,836&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:29.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.099%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,565,322&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,072,410&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Residential Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,565,322&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,249,051&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, we owned mortgage servicing rights associated with $977 million (principal balance) of residential loans owned at Redwood that were purchased from third-party originators. The value of these MSRs is included in the carrying value of the associated loans on our consolidated balance sheets. We contract with licensed sub-servicers that perform servicing functions for these loans.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Residential Loans Held-for-Sale</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">At Fair Value</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the characteristics of residential loans held-for-sale at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.2 &#8211; Characteristics of Residential Loans Held-for-Sale</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:61.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.816%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.819%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,115&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">198&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">990,841&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">172,748&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under short-term borrowing agreements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">926,076&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">156,355&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,882&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,882&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,223&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,223&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of residential loans held-for-sale during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.3 &#8211; Activity of Residential Loans Held-for-Sale</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal balance of loans acquired</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,096,048&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,629,908&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal balance of loans sold</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,275,832&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,656,719&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,429&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,480)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Net market valuation gains (losses) on residential loans held-for-sale are recorded primarily through Mortgage banking activities, net on our consolidated statements of income (loss).</span></div><div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Residential Loans Held-for-Investment at Fair Value</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We invest in residential subordinate securities issued by Legacy Sequoia, Sequoia Choice and Freddie Mac SLST securitization trusts and consolidate the underlying residential loans owned by these entities for financial reporting purposes in accordance with GAAP. The following tables summarize the characteristics of the residential loans owned at consolidated Sequoia and Freddie Mac SLST entities at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.4 &#8211; Characteristics of Residential Loans Held-for-Investment</span></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:58.483%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.681%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,814&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,780&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,294&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">314,243&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,264,645&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,184,111&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">68&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,982&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,831&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54,546&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">362,785&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">251&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,214&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,248&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,044&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:58.483%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.681%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,908&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,177&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,605&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,474&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,550,454&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,247,771&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,565,322&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,110&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,285&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74,742&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">389,245&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,939&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,251&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,610&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For loans held at consolidated entities, the number of loans greater than 90 days delinquent includes loans in foreclosure.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of residential loans held-for-investment at Redwood during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.5 &#8211; Activity of Residential Loans Held-for-Investment at Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans transferred from HFS to HFI</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,258&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans transferred from HFI to HFS</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,870,986&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(93,636)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Subsequent to the transfer of these loans to our investment portfolio, net market valuation gains (losses) on residential loans held-for-investment at Redwood are recorded through Investment fair value changes, net on our consolidated statements of income (loss).</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of residential loans held-for-investment at consolidated entities during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.6 &#8211; Activity of Residential Loans Held-for-Investment at Consolidated Entities</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:27.650%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.153%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Freddie Mac</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Freddie Mac</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">SLST</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,613&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,578)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,566)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(69,014)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(110,485)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(193,020)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For loans held at our consolidated Legacy Sequoia, Sequoia Choice, and Freddie Mac SLST entities, market value changes are based on the estimated fair value of the associated ABS issued, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investments in these securitization entities is presented in Table 4.2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">.</span></div>Business Purpose Loans<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We originate and invest in business purpose loans, including single-family rental ("SFR") loans and bridge loans. The following table summarizes the classifications and carrying values of the business purpose loans owned at Redwood and at consolidated CAFL entities at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.1 &#8211; Classifications and Carrying Values of Business Purpose Loans</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.583%"><tr><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.662%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,839,010&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Business Purpose Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,172,120&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.583%"><tr><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.662%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641,765&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,890,959&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Business Purpose Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641,765&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,136,353&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of business purpose loans at Redwood during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.2 &#8211; Activity of Business Purpose Loans at Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:51.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.152%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SFR at Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SFR at Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans originated</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">253,098&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">133,229&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">260,129&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">227,368&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans sold to third parties </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,877&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,148&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,735&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fair value of loans transferred from HFS to HFI </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">169,404&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">378,109&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage banking activities income (loss) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,248&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">542&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,330&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(164)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,304&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,028)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(38,602)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">During the three months ended March&#160;31, 2021 and 2020, we transferred $169 million and $378 million of single-family rental loans, respectively, from held-for-sale to held-for-investment associated with one and one CAFL securitizations, respectively.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents origination fees and net market valuation changes from the time a loan is originated to when it is sold or transferred to our investment portfolio. For the three months ended March&#160;31, 2021 and 2020, we recorded loan origination fee income of $6 million and $8 million, respectively, through Mortgage banking activities, net on our consolidated statements of income (loss).</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents net market valuation changes for loans classified as held-for-investment.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Bridge Loans Held-for-Investment</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The outstanding bridge loans held-for-investment at March&#160;31, 2021 were first lien, interest-only loans with original maturities of <span style="-sec-ix-hidden:id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MTY5Ng_cc66ea5e-e253-411a-a187-c06bb1ccf2da">six</span> to 24 months and were comprised of 58% one-month LIBOR-indexed adjustable-rate loans and 42% fixed-rate loans. During the three months ended March&#160;31, 2021, we transferred two loans with a fair value of $1 million to REO, which is included in Other assets on our consolidated balance sheets. At March&#160;31, 2021, we had a $283 million commitment to fund bridge loans. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 16</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional information on this commitment.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Single-Family Rental Loans Held-for-Investment at CAFL</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;We invest in securities issued by CAFL securitizations sponsored by CoreVest and consolidate the underlying single-family rental loans owned by these entities. The outstanding single-family rental loans held-for-investment at CAFL at March&#160;31, 2021 were first-lien, fixed-rate loans with original maturities of five, seven, or ten years. The following table provides the activity of single-family rental loans held-for-investment at CAFL during the threes ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.3 &#8211; Activity of Single-Family Rental Loans Held-for-Investment at CAFL</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(60,901)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(271,917)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For loans held at our consolidated CAFL entities, market value changes are based on the estimated fair value of the associated ABS issued, including securities we own, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investments in these securitization entities is presented in Table 4.2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Business Purpose Loan Characteristics</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following tables summarize the characteristics of the business purpose loans owned at Redwood and at consolidated CAFL entities at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.4 &#8211; Characteristics of Business Purpose Loans </span></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:56.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.374%"/><td style="width:0.1%"/></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Bridge</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">77&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,120&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,097&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">322,181&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,029,498&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">629,934&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average coupon</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.84&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.41&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.93&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average remaining loan term (years)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under short-term debt facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74,733&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90,096&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under long-term debt facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">228,125&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">522,050&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,883&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57,985&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,850&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,676&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,556&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,976&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,234&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,424&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans in foreclosure</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,808&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,183&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:56.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.374%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td></tr><tr style="height:23pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,094&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,725&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">234,475&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,017,137&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">649,532&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641,765&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average coupon</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.84&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.44&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.09&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average remaining loan term (years)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under short-term debt facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,098&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">92,931&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under long-term debt facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">154,774&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">544,151&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,127&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61,440&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,415&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,143&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,605&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,745&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,552&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans in foreclosure</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,066&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The number of loans greater than 90 days delinquent includes loans in foreclosure.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities.</span></div>Multifamily Loans<div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We invest in multifamily subordinate securities issued by a Freddie Mac K-Series securitization trust and consolidate the underlying multifamily loans owned by this entity for financial reporting purposes in accordance with GAAP. The following table summarizes the characteristics of the multifamily loans consolidated at Redwood at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 8.1 &#8211; Characteristics of Multifamily Loans</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:61.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.816%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.819%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">460,861&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">462,808&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average coupon</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.25&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.25&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average remaining loan term (years)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The outstanding multifamily loans held-for-investment at the consolidated Freddie Mac K-Series entity at March&#160;31, 2021 were first-lien, fixed-rate loans that were originated in 2015. The following table provides the activity of multifamily loans held-for-investment during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 8.2 &#8211; Activity of Multifamily Loans Held-for-Investment</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(730)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(82,431)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Net market valuation gains (losses) on multifamily loans held-for-investment are recorded through Investment fair value changes, net on our consolidated statements of income (loss). For loans held at our consolidated Freddie Mac K-Series entity, market value changes are based on the estimated fair value of the associated ABS issued, including securities we own, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investment in these securitization entities is presented in Table 4.2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -URI http://asc.fasb.org/subtopic&amp;trid=2196772<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReceivablesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>31
<FILENAME>R17.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457035432">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Multifamily Loans<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesAbstract', window );"><strong>Receivables [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock', window );">Multifamily Loans</a></td>
<td class="text">Residential Loans<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We acquire residential loans from third-party originators and may sell or securitize these loans or hold them for investment. 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 March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.1 &#8211; Classifications and Carrying Values of Residential Loans</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:29.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.099%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,705,324&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Residential Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,701,836&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:29.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.099%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,565,322&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,072,410&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Residential Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,565,322&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,249,051&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, we owned mortgage servicing rights associated with $977 million (principal balance) of residential loans owned at Redwood that were purchased from third-party originators. The value of these MSRs is included in the carrying value of the associated loans on our consolidated balance sheets. We contract with licensed sub-servicers that perform servicing functions for these loans.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Residential Loans Held-for-Sale</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">At Fair Value</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the characteristics of residential loans held-for-sale at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.2 &#8211; Characteristics of Residential Loans Held-for-Sale</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:61.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.816%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.819%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,115&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">198&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">990,841&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">172,748&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under short-term borrowing agreements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">926,076&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">156,355&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,882&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,882&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,223&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,223&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of residential loans held-for-sale during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.3 &#8211; Activity of Residential Loans Held-for-Sale</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal balance of loans acquired</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,096,048&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,629,908&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal balance of loans sold</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,275,832&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,656,719&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,429&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,480)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Net market valuation gains (losses) on residential loans held-for-sale are recorded primarily through Mortgage banking activities, net on our consolidated statements of income (loss).</span></div><div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Residential Loans Held-for-Investment at Fair Value</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We invest in residential subordinate securities issued by Legacy Sequoia, Sequoia Choice and Freddie Mac SLST securitization trusts and consolidate the underlying residential loans owned by these entities for financial reporting purposes in accordance with GAAP. The following tables summarize the characteristics of the residential loans owned at consolidated Sequoia and Freddie Mac SLST entities at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.4 &#8211; Characteristics of Residential Loans Held-for-Investment</span></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:58.483%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.681%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,814&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,780&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,294&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">314,243&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,264,645&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,184,111&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">68&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,982&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,831&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54,546&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">362,785&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">251&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,214&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,248&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,044&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:58.483%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.681%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,908&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,177&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,605&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,474&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,550,454&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,247,771&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,565,322&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,110&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,285&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74,742&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">389,245&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,939&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,251&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,610&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For loans held at consolidated entities, the number of loans greater than 90 days delinquent includes loans in foreclosure.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of residential loans held-for-investment at Redwood during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.5 &#8211; Activity of Residential Loans Held-for-Investment at Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans transferred from HFS to HFI</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,258&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans transferred from HFI to HFS</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,870,986&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(93,636)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Subsequent to the transfer of these loans to our investment portfolio, net market valuation gains (losses) on residential loans held-for-investment at Redwood are recorded through Investment fair value changes, net on our consolidated statements of income (loss).</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of residential loans held-for-investment at consolidated entities during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.6 &#8211; Activity of Residential Loans Held-for-Investment at Consolidated Entities</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:27.650%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.153%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Freddie Mac</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Freddie Mac</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">SLST</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,613&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,578)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,566)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(69,014)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(110,485)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(193,020)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For loans held at our consolidated Legacy Sequoia, Sequoia Choice, and Freddie Mac SLST entities, market value changes are based on the estimated fair value of the associated ABS issued, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investments in these securitization entities is presented in Table 4.2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">.</span></div>Business Purpose Loans<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We originate and invest in business purpose loans, including single-family rental ("SFR") loans and bridge loans. The following table summarizes the classifications and carrying values of the business purpose loans owned at Redwood and at consolidated CAFL entities at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.1 &#8211; Classifications and Carrying Values of Business Purpose Loans</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.583%"><tr><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.662%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,839,010&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Business Purpose Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,172,120&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.583%"><tr><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.662%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641,765&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,890,959&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Business Purpose Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641,765&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,136,353&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of business purpose loans at Redwood during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.2 &#8211; Activity of Business Purpose Loans at Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:51.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.152%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SFR at Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SFR at Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans originated</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">253,098&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">133,229&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">260,129&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">227,368&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans sold to third parties </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,877&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,148&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,735&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fair value of loans transferred from HFS to HFI </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">169,404&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">378,109&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage banking activities income (loss) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,248&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">542&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,330&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(164)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,304&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,028)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(38,602)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">During the three months ended March&#160;31, 2021 and 2020, we transferred $169 million and $378 million of single-family rental loans, respectively, from held-for-sale to held-for-investment associated with one and one CAFL securitizations, respectively.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents origination fees and net market valuation changes from the time a loan is originated to when it is sold or transferred to our investment portfolio. For the three months ended March&#160;31, 2021 and 2020, we recorded loan origination fee income of $6 million and $8 million, respectively, through Mortgage banking activities, net on our consolidated statements of income (loss).</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents net market valuation changes for loans classified as held-for-investment.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Bridge Loans Held-for-Investment</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The outstanding bridge loans held-for-investment at March&#160;31, 2021 were first lien, interest-only loans with original maturities of <span style="-sec-ix-hidden:id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl81NS9mcmFnOjc3ZTgxNjVjMDFkYzRkYjliNzk4NWIyM2RjNTNhODc5L3RleHRyZWdpb246NzdlODE2NWMwMWRjNGRiOWI3OTg1YjIzZGM1M2E4NzlfMTA5OTUxMTY0MTY5Ng_cc66ea5e-e253-411a-a187-c06bb1ccf2da">six</span> to 24 months and were comprised of 58% one-month LIBOR-indexed adjustable-rate loans and 42% fixed-rate loans. During the three months ended March&#160;31, 2021, we transferred two loans with a fair value of $1 million to REO, which is included in Other assets on our consolidated balance sheets. At March&#160;31, 2021, we had a $283 million commitment to fund bridge loans. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 16</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional information on this commitment.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Single-Family Rental Loans Held-for-Investment at CAFL</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;We invest in securities issued by CAFL securitizations sponsored by CoreVest and consolidate the underlying single-family rental loans owned by these entities. The outstanding single-family rental loans held-for-investment at CAFL at March&#160;31, 2021 were first-lien, fixed-rate loans with original maturities of five, seven, or ten years. The following table provides the activity of single-family rental loans held-for-investment at CAFL during the threes ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.3 &#8211; Activity of Single-Family Rental Loans Held-for-Investment at CAFL</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(60,901)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(271,917)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For loans held at our consolidated CAFL entities, market value changes are based on the estimated fair value of the associated ABS issued, including securities we own, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investments in these securitization entities is presented in Table 4.2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Business Purpose Loan Characteristics</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following tables summarize the characteristics of the business purpose loans owned at Redwood and at consolidated CAFL entities at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.4 &#8211; Characteristics of Business Purpose Loans </span></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:56.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.374%"/><td style="width:0.1%"/></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Bridge</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">77&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,120&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,097&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">322,181&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,029,498&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">629,934&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average coupon</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.84&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.41&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.93&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average remaining loan term (years)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under short-term debt facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74,733&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90,096&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under long-term debt facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">228,125&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">522,050&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,883&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57,985&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,850&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,676&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,556&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,976&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,234&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,424&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans in foreclosure</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,808&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,183&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:56.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.374%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td></tr><tr style="height:23pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,094&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,725&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">234,475&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,017,137&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">649,532&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641,765&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average coupon</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.84&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.44&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.09&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average remaining loan term (years)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under short-term debt facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,098&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">92,931&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under long-term debt facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">154,774&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">544,151&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,127&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61,440&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,415&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,143&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,605&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,745&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,552&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans in foreclosure</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,066&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The number of loans greater than 90 days delinquent includes loans in foreclosure.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities.</span></div>Multifamily Loans<div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We invest in multifamily subordinate securities issued by a Freddie Mac K-Series securitization trust and consolidate the underlying multifamily loans owned by this entity for financial reporting purposes in accordance with GAAP. The following table summarizes the characteristics of the multifamily loans consolidated at Redwood at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 8.1 &#8211; Characteristics of Multifamily Loans</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:61.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.816%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.819%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">460,861&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">462,808&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average coupon</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.25&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.25&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average remaining loan term (years)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The outstanding multifamily loans held-for-investment at the consolidated Freddie Mac K-Series entity at March&#160;31, 2021 were first-lien, fixed-rate loans that were originated in 2015. The following table provides the activity of multifamily loans held-for-investment during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 8.2 &#8211; Activity of Multifamily Loans Held-for-Investment</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(730)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(82,431)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Net market valuation gains (losses) on multifamily loans held-for-investment are recorded through Investment fair value changes, net on our consolidated statements of income (loss). For loans held at our consolidated Freddie Mac K-Series entity, market value changes are based on the estimated fair value of the associated ABS issued, including securities we own, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investment in these securitization entities is presented in Table 4.2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -URI http://asc.fasb.org/subtopic&amp;trid=2196772<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReceivablesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>32
<FILENAME>R18.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774456988840">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Real Estate Securities<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract', window );"><strong>Investments, Debt and Equity Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock', window );">Real Estate Securities</a></td>
<td class="text">Real Estate Securities<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We invest in real estate securities that we create and retain from our Sequoia securitizations or acquire from third parties. The following table presents the fair values of our real estate securities by type at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.1 &#8211; Fair Values of Real Estate Securities by Type </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">145,390&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">125,667&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Available-for-sale</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">218,930&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">218,458&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Real Estate Securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">364,320&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">344,125&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our real estate securities include mortgage-backed securities, which are presented in accordance with their general position within a securitization structure based on their rights to cash flows. Senior securities are those interests in a securitization that generally have the first right to cash flows and are last in line to absorb losses. Mezzanine securities are interests that are generally subordinate to senior securities in their rights to receive cash flows, and have subordinate securities below them that are first to absorb losses. Subordinate securities are all interests below mezzanine. Exclusive of our re-performing loan securities, nearly all of our residential securities are supported by collateral that was designated as prime at the time of issuance. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Trading Securities</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We elected the fair value option for certain securities and classify them as trading securities. Our trading securities include both residential and multifamily mortgage-backed securities, and our residential securities also include securities backed by re-performing loans ("RPL"). The following table presents the fair value of trading securities by position and collateral type at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.2 &#8211; Fair Value of Trading Securities by Position </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Senior </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest-only securities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,580&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,464&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Senior</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,580&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,464&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mezzanine</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sequoia securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,649&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Mezzanine</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,649&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">RPL securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">59,958&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47,448&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,437&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,592&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other third-party residential securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,415&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,514&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Subordinate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">113,810&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93,554&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Trading Securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">145,390&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">125,667&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Includes $18 million and $13 million of Sequoia certificated mortgage servicing rights at March&#160;31, 2021 and December&#160;31, 2020, respectively.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the unpaid principal balance of trading securities by position and collateral type at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.3 &#8211; Unpaid Principal Balance of Trading Securities by Position </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Senior </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mezzanine</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,577&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subordinate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">225,762&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">242,278&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Trading Securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">225,762&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,855&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our senior trading securities include interest-only securities, for which there is no principal balance.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of trading securities during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.4 &#8211; Trading Securities Activity</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal balance of securities acquired</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,880&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56,471&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal balance of securities sold</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,743&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">618,867&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,349&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(263,325)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Net market valuation gains (losses) on trading securities are recorded through Investment fair value changes, net and Mortgage banking activities, net on our consolidated statements of income (loss).</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">AFS Securities</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the fair value of our available-for-sale securities by position and collateral type at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.5 &#8211; Fair Value of Available-for-Sale Securities by Position </span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mezzanine</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other third-party residential securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,014&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Mezzanine</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,014&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sequoia securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">141,632&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">136,475&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,647&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,663&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other third-party residential securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,651&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36,306&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Subordinate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">218,930&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">216,444&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total AFS Securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">218,930&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">218,458&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of available-for-sale securities during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.6 &#8211; Available-for-Sale Securities Activity</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of securities acquired</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,078&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,181&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of securities sold</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,200&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46,457&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net realized gains recorded </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,852&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March 31, 2021, we called one of our unconsolidated Sequoia entities, and purchased $19&#160;million (unpaid principal balance) of loans from the securitization trust. In association with this call, we realized a $2&#160;million gain on the securities we owned from this securitization, which was recognized through Realized gains, net on our consolidated statements of income.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We often purchase AFS securities at a discount to their outstanding principal balances. To the extent we purchase an AFS security that has a likelihood of incurring a loss, we do not amortize into income the portion of the purchase discount that we do not expect to collect due to the inherent credit risk of the security. We may also expense a portion of our investment in the security to the extent we believe that principal losses will exceed the purchase discount. We designate any amount of unpaid principal balance that we do not expect to receive and thus do not expect to earn or recover as a credit reserve on the security. Any remaining net unamortized discounts or premiums on the security are amortized into income over time using the effective yield method. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, we had $35 million of AFS securities with contractual maturities less than five years, $4 million with contractual maturities greater than five years but less than ten years, and the remainder of our AFS securities had contractual maturities greater than ten years.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the components of carrying value (which equals fair value) of AFS securities at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.7 &#8211; Carrying Value of AFS Securities</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:56.400%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.374%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mezzanine</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">273,595&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">273,595&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit reserve</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(44,947)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(44,947)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Unamortized discount, net</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(94,188)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(94,188)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortized cost</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">134,460&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">134,460&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross unrealized gains</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84,735&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84,735&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross unrealized losses</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(252)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(252)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">CECL allowance</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying Value</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">218,930&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">218,930&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:56.400%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.374%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mezzanine</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,000&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">281,284&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">283,284&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit reserve</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(44,967)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(44,967)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Unamortized discount, net</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(95,718)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(95,718)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortized cost</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,000&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">140,599&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">142,599&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross unrealized gains</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">77,280&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">77,294&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross unrealized losses</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,047)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,047)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">CECL allowance</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(388)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(388)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying Value</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,014&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">216,444&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">218,458&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the changes for the three months ended March&#160;31, 2021, in unamortized discount and designated credit reserves on residential AFS securities.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.8 &#8211; Changes in Unamortized Discount and Designated Credit Reserves on AFS Securities</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:64.177%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.569%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Credit<br/>Reserve</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Unamortized<br/>Discount, Net</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Beginning balance</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,967&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">95,718&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization of net discount</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,614)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized credit losses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(137)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisitions</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,935&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">840&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sales, calls, other</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(274)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,300)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfers to (release of) credit reserves, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,544)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,544&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Ending Balance</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,947&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94,188&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">AFS Securities with Unrealized Losses</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the components comprising the total carrying value of residential AFS securities that were in a gross unrealized loss position at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.9 &#8211; Components of Fair Value of AFS Securities by Holding Periods </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.444%"><tr><td style="width:1.0%"/><td style="width:33.536%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.101%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Less Than 12 Consecutive Months</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12 Consecutive Months or Longer</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amortized<br/>Cost</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Unrealized<br/>Losses</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amortized<br/>Cost</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Unrealized <br/>Losses</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">March 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">490&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">488&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,421&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(250)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,158&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">December 31, 2020</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,129&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,047)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,920&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, after giving effect to purchases, sales, and extinguishment due to credit losses, our consolidated balance sheet included 93 AFS securities, of which four were in an unrealized loss position and three were in a continuous unrealized loss position for 12 consecutive months or longer. At December&#160;31, 2020, our consolidated balance sheet included 96 AFS securities, of which five were in an unrealized loss position and zero were in a continuous unrealized loss position for 12 consecutive months or longer.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Evaluating AFS Securities for Credit Losses </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Gross unrealized losses on our AFS securities were $0.3 million at March&#160;31, 2021. We evaluate all securities in an unrealized loss position to determine if the impairment is credit-related (resulting in an allowance for credit losses recorded in earnings) or non-credit-related (resulting in an unrealized loss through other comprehensive income). At March&#160;31, 2021, we did not intend to sell any of our AFS securities that were in an unrealized loss position, and it is more likely than not that we will not be required to sell these securities before recovery of their amortized cost basis, which may be at their maturity. We review our AFS securities that are in an unrealized loss position to identify those securities with losses based on an assessment of changes in expected cash flows for such securities, which considers recent security performance and expected future performance of the underlying collateral. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, our current expected credit loss ("CECL") allowance related to our AFS securities was $13 thousand. AFS securities for which an allowance is recognized have experienced, or are expected to experience, credit-related adverse cash flow changes. In determining our estimate of cash flows for AFS securities we may consider factors such as structural credit enhancement, past and expected future performance of underlying mortgage loans, including timing of expected future cash flows, which are informed by prepayment rates, default rates, loss severities, delinquency rates, percentage of non-performing loans, FICO scores at loan origination, year of origination, loan-to-value ratios, and geographic concentrations, as well as general market assessments. Changes in our evaluation of these factors impacted the cash flows expected to be collected at the assessment date and were used to determine if there were credit-related adverse cash flows and if so, the amount of credit related losses. Significant judgment is used in both our analysis of the expected cash flows for our AFS securities and any determination of security credit losses. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The table below summarizes the weighted average of the significant credit quality indicators we used for the credit loss allowance on our AFS securities at March&#160;31, 2021. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.10 &#8211; Significant Credit Quality Indicators</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:85.011%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.095%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate Securities</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Default rate</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.7%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24%</span></td></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table details the activity related to the allowance for credit losses for AFS securities for the three months ended March&#160;31, 2021.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.11 &#8211; Rollforward of Allowance for Credit Losses</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:79.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.651%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Beginning balance allowance for credit losses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">388&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Additions to allowance for credit losses on securities for which credit losses were not previously recorded</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Additional increases (decreases) to the allowance for credit losses on securities that had an allowance recorded in a previous period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(375)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Allowance on purchased financial assets with credit deterioration</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reduction to allowance for securities sold during the period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reduction to allowance for securities we intend to sell or more likely than not will be required to sell</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Write-offs charged against allowance</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Recoveries of amounts previously written off</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Ending balance of allowance for credit losses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Gains and losses from the sale of AFS securities are recorded as Realized gains, net, in our consolidated statements of income (loss). The following table presents the gross realized gains and losses on sales and calls of AFS securities for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:12pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.12 &#8211; Gross Realized Gains and Losses on AFS Securities</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:69.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.930%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross realized gains - sales</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,705&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross realized gains - calls</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,408&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross realized losses - sales</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,853)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Realized Gains on Sales and Calls of AFS Securities, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,608&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,852&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for  investments in certain debt and equity securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 320<br> -URI http://asc.fasb.org/subtopic&amp;trid=2209399<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 320<br> -URI http://asc.fasb.org/subtopic&amp;trid=2324412<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -URI http://asc.fasb.org/topic&amp;trid=2196928<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 320<br> -URI http://asc.fasb.org/subtopic&amp;trid=2176304<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>33
<FILENAME>R19.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774458654376">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Other Investments<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsAllOtherInvestmentsAbstract', window );"><strong>Investments, All Other Investments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock', window );">Other Investments</a></td>
<td class="text">Other Investments<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other investments at March&#160;31, 2021 and December&#160;31, 2020 are summarized in the following table.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 10.1 &#8211; Components of Other Investments</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">206,525&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">231,489&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,823&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,440&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,465&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,418&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage servicing rights</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,945&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,815&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29,821&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,013&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Other Investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">322,579&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">348,175&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Servicer advance investments</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We and a third-party co-investor, through two partnerships (&#8220;SA Buyers&#8221;) consolidated by us, purchased the outstanding servicer advances and excess MSRs related to a portfolio of legacy residential mortgage-backed securitizations serviced by the co-investor (Refer to our Annual Report on Form 10-K for the year ended December&#160;31, 2020 for additional information regarding the transactions). At March&#160;31, 2021, we had funded $94 million of total capital to the SA Buyers (see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 16</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional detail). </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, our servicer advance investments had a carrying value of $207 million and were associated with a portfolio of residential mortgage loans with an unpaid principal balance of $8.60 billion. The outstanding servicer advance receivables associated with this investment were $193 million at March&#160;31, 2021, which were financed with short-term non-recourse securitization debt (see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 13</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional detail on this debt). The servicer advance receivables were comprised of the following types of advances at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 10.2 &#8211; Components of Servicer Advance Receivables</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal and interest advances</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">92,628&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">110,923&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Escrow advances (taxes and insurance advances)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74,970&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">79,279&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Corporate advances</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,254&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,454&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Servicer Advance Receivables</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">192,852&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">217,656&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We account for our servicer advance investments at fair value and during the three months ended March&#160;31, 2021 and 2020, we recorded $3 million of interest income associated with these investments for each of these periods, and recorded net market valuation losses of $0.2 million and $6 million, respectively, through Investment fair value changes, net in our consolidated statements of income (loss). </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Shared Home Appreciation Options</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2019, we entered into a flow purchase agreement to acquire shared home appreciation options. At March&#160;31, 2021, we had acquired $47 million of shared home appreciation options under this flow purchase agreement. We account for these investments under the fair value option and during the three months ended March&#160;31, 2021 and 2020, we recorded a net market valuation gain of $5 million and a net market valuation loss of $8 million, respectively, related to these assets through Investment fair value changes, net on our consolidated statements of income (loss).</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Excess MSRs</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In association with our servicer advance investments described above, we (through our consolidated SA Buyers) invested in excess MSRs associated with the same portfolio of legacy residential mortgage-backed securitizations. Additionally, we own excess MSRs associated with specified pools of multifamily loans. We account for our excess MSRs at fair value and during the three months ended March&#160;31, 2021 and 2020, we recognized $3 million of interest income for each of these periods through Other interest income, and recorded net market valuation losses of $2 million and $9 million, respectively, through Investment fair value changes, net on our consolidated statements of income (loss). </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Mortgage Servicing Rights</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We invest in mortgage servicing rights associated with residential mortgage loans and contract with licensed sub-servicers to perform all servicing functions for these loans. The majority of our investments in MSRs were made through the retention of servicing rights associated with the residential jumbo mortgage loans that we acquired and subsequently transferred to third parties. We hold our MSR investments at our taxable REIT subsidiaries.</span></div>At March&#160;31, 2021 and December&#160;31, 2020,&#160;our MSRs had a fair value of $8 million and $9 million, respectively, and were associated with loans with an aggregate principal balance of $2.07 billion and $2.59 billion, respectively. During the three months ended March&#160;31, 2021 and 2020, including net market valuation gains and losses on our MSRs and related risk management derivatives, we recorded net income of $1 million and a net loss of $2 million, respectively, through Other income on our consolidated statements of income (loss).<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsAllOtherInvestmentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsAllOtherInvestmentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire  disclosure for investments and other noncurrent assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>34
<FILENAME>R20.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774458395240">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Derivative Financial Instruments<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract', window );"><strong>Derivative Instruments and Hedging Activities Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock', window );">Derivative Financial Instruments</a></td>
<td class="text">Derivative Financial Instruments<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the fair value and notional amount of our derivative financial instruments at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 11.1 &#8211; Fair Value and Notional Amount of Derivative Financial Instruments</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:47.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.987%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Notional<br/>Amount</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Notional<br/>Amount</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets - Risk Management Derivatives</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest rate swaps</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,350&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">163,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">224&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,800&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,350,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,260&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,520,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Swaptions</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">83,610&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,825,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,727&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,585,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets - Other Derivatives</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan purchase and interest rate lock commitments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,164&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">223,783&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,027&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,617,254&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">129,924&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,561,783&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53,238&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,764,254&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities - Risk Management Derivatives</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest rate swaps</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(35,621)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,860,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15,495)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,105,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest rate futures</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,451)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">195,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities - Other Derivatives</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan purchase commitments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(35,106)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,073,102&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(577)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">477,153&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(73,178)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,132,102&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16,072)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,582,153&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Derivative Financial Instruments, Net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56,746&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,693,885&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,166&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,346,407&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Risk Management Derivatives</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To manage, to varying degrees, risks associated with certain assets and liabilities on our consolidated balance sheets, we may enter into derivative contracts. At March&#160;31, 2021, we were party to swaps and swaptions with an aggregate notional amount of $3.99 billion, TBA agreements with an aggregate notional amount of $5.21 billion, and interest rate futures contracts with an aggregate notional amount of $195 million. At December&#160;31, 2020, we were party to swaps and swaptions with an aggregate notional amount of $1.63 billion and TBA agreements with an aggregate notional amount of $6.63 billion.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March&#160;31, 2021 and 2020, risk management derivatives had a net market valuation gain of $93 million and a net market valuation loss of $98 million, respectively. These market valuation gains and losses are recorded in Mortgage banking activities, net, Investment fair value changes, net, and Other income on our consolidated statements of income (loss). </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Loan Purchase and Interest Rate Lock Commitments </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">LPCs and IRLCs that qualify as derivatives are recorded at their estimated fair values. For the three months ended March&#160;31, 2021 and 2020, LPCs and IRLCs had a net market valuation loss of $52 million and a net market valuation gain of $22 million, respectively, that were recorded in Mortgage banking activities, net on our consolidated statements of income (loss). </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Derivatives Designated as Cash Flow Hedges</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To manage the variability in interest expense related to portions of our long-term debt and certain adjustable-rate securitization entity liabilities that are included in our consolidated balance sheets for financial reporting purposes, we designated certain interest rate swaps as cash flow hedges.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> During the first quarter of 2020, we terminated and settled all of our outstanding derivatives that had been designated as cash flow hedges for our long-term debt, with a payment of $84 million. For interest rate agreements previously designated as cash flow hedges, our total unrealized loss reported in Accumulated other comprehensive income was $80 million and $81 million at March&#160;31, 2021 and December&#160;31, 2020, respectively. We are amortizing this loss into interest expense over the remaining term of the debt they were originally hedging. As of March&#160;31, 2021, we expect to amortize $4 million of realized losses related to terminated cash flow hedges into interest expense over the next twelve months.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the three months ended March&#160;31, 2021 and 2020, changes in the values of designated cash flow hedges were zero and negative $33 million, respectively, and were recorded in Accumulated other comprehensive income, a component of equity. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table illustrates the impact on interest expense of our interest rate agreements accounted for as cash flow hedges for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 11.2 &#8211; Impact on Interest Expense of Interest Rate Agreements Accounted for as Cash Flow Hedges</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:70.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.374%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net interest expense on cash flows hedges</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(860)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized net losses reclassified from other comprehensive income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,018)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(79)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Interest Expense</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,018)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(939)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Derivative Counterparty Credit Risk</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As discussed in our Annual Report on Form 10-K for the year ended December&#160;31, 2020, we consider counterparty risk as part of our fair value assessments of all derivative financial instruments at each quarter-end. At March&#160;31, 2021, we assessed this risk as remote and did not record an associated specific valuation adjustment. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, we were in compliance with our derivative counterparty ISDA agreements.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -URI http://asc.fasb.org/topic&amp;trid=2229140<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>35
<FILENAME>R21.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774459220472">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Other Assets and Liabilities<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract', window );"><strong>Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock', window );">Other Assets and Liabilities</a></td>
<td class="text">Other Assets and Liabilities<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other assets at March&#160;31, 2021 and December&#160;31, 2020 are summarized in the following table.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 12.1 &#8211; Components of Other Assets</span></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued interest receivable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,097&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,445&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment receivable</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,102&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,176&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Margin receivable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,283&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,758&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">REO</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,829&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,413&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease right-of-use assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,227&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,012&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fixed assets and leasehold improvements</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,153&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,203&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FHLBC stock</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pledged collateral</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,177&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,047&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,404&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Other Assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">141,738&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">130,588&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Fixed assets and leasehold improvements had a basis of $12 million and accumulated depreciation of $7 million at March&#160;31, 2021. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Accrued expenses and other liabilities at March&#160;31, 2021 and December&#160;31, 2020 are summarized in the following table. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 12.2 &#8211; Components of Accrued Expenses and Other Liabilities</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Margin payable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84,306&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,728&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued interest payable</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,167&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,858&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued compensation</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,941&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,393&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued income taxes payable</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,174&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,614&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Payable to minority partner</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,222&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,941&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,885&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,687&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current accounts payable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,712&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,455&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Guarantee obligations</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,238&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,039&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loan and MSR repurchase reserve</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,731&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,631&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bridge loan holdbacks</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,443&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,708&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued operating expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,222&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,509&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred consideration</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,579&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,233&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,198&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Accrued Expenses and Other Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">244,274&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">179,340&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Deferred Consideration</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The deferred consideration presented in the table above is related to our acquisition of 5 Arches in 2019. During the three months ended March&#160;31, 2021, we distributed 806,068 shares of Redwood common stock and paid $1 million in cash in full settlement of the remaining deferred consideration associated with this acquisition.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">REO</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the activity and carrying values of REO assets held at Redwood and at consolidated Legacy Sequoia, Freddie Mac SLST, and CAFL entities during the three months ended March&#160;31, 2021. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 12.3 &#8211; REO Activity</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:37.650%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.572%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood Bridge </span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy Sequoia</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance at beginning of period&#160;</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,600&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">638&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">646&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,529&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,413&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfers to REO</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,483&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,924&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,683&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liquidations </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,880)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(40)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(91)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,909)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6,920)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Changes in fair value, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">282&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(655)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(347)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at End of Period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,485&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">596&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,859&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,889&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,829&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:6pt;margin-top:5pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For the three months ended March&#160;31, 2021, REO liquidations resulted in $0.3 million of realized losses, which were recorded in Investment fair value changes, net on our consolidated statements of income (loss).</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the detail of REO assets at Redwood and at consolidated Legacy Sequoia, Freddie Mac SLST, and CAFL entities at March&#160;31, 2021 and December&#160;31, 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 12.4 &#8211; REO Assets </span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:37.650%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.572%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Number of REO assets</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood  Bridge </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">At March 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">At December 31, 2020</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Refer to our Annual Report on Form 10-K for the year ended December&#160;31, 2020 for additional descriptions of our other assets and liabilities.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other Assets And Other Liabilities Disclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>36
<FILENAME>R22.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774459325368">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Short-Term Debt<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>Debt Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTextBlock', window );">Short-Term Debt</a></td>
<td class="text">Short-Term Debt<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We enter into repurchase agreements, bank warehouse agreements, and other forms of collateralized (and generally uncommitted) short-term borrowings with several banks and major investment banking firms. At March&#160;31, 2021, we had outstanding agreements with several counterparties and we were in compliance with all of the related covenants.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The table below summarizes our short-term debt, including the facilities that are available to us, the outstanding balances, the weighted average interest rate, and the maturity information at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 13.1 &#8211; Short-Term Debt </span></div><div style="margin-bottom:5pt;margin-top:17pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:34.644%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.218%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.470%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.218%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.244%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.112%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.224%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of Facilities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Outstanding Balance</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Limit </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Interest Rate</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Maturity</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Days Until Maturity</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Residential loan warehouse </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">839,224&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,600,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2.15&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8/2021-3/2022</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">268</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Business purpose loan warehouse </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">140,916&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">500,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3.54&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5/2022-6/2022</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">436</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Real estate securities repo</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">81,670&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1.72&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4/2021-6/2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">35</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Short-Term Debt Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,061,810&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Servicer advance financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">192,072&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">335,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1.91&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11/2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">244</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Short-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,253,882&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr></table></div><div style="margin-bottom:5pt;margin-top:11pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:34.644%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.218%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.470%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.218%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.244%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.112%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.224%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of Facilities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Outstanding Balance</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Limit</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Interest Rate</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Maturity</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Days Until Maturity</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Residential loan warehouse </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">137,269&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,300,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2.45&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1/2021-11/2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">268</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Business purpose loan warehouse </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">99,190&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">500,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3.37&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5/2022-6/2022</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">521</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Real estate securities repo</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">77,775&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2.24&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1/2021-3/2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">36</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Short-Term Debt Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">314,234&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Servicer advance financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">208,375&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">335,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1.95&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11/2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">334</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Short-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">522,609&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Borrowings under our facilities are generally charged interest based on a specified margin over the one-month LIBOR interest rate. At March&#160;31, 2021 and December&#160;31, 2020, all of these borrowings were under uncommitted facilities and were due within 364 days (or less) of the borrowing date.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Due to the revolving nature of the borrowings under these facilities, we have classified these facilities as short-term debt at March&#160;31, 2021. Borrowings under these facilities will be repaid as the underlying loans mature or are sold to third parties or transferred to securitizations. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table below presents the value of loans, securities, and other assets pledged as collateral under our short-term debt at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 13.2 &#8211; Collateral for Short-Term Debt</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:61.122%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.096%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Collateral Type</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale residential loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">926,076&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">156,355&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">164,829&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">127,029&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">On balance sheet</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,611&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,193&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sequoia Choice securitizations </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63,194&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63,105&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Freddie Mac K-Series securitization </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,979&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,255&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total real estate securities owned</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">108,784&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,553&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restricted cash and other assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,381&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">315&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Collateral for Short-Term Debt Facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,217,070&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">398,252&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,698&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,978&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restricted cash</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29,518&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,220&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advances</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">192,852&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">217,656&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Collateral for Servicer Advance Financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">233,068&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">250,854&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Collateral for Short-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,450,138&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">649,106&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents securities we have retained from consolidated securitization entities. For GAAP purposes, we consolidate the loans and non-recourse ABS debt issued from these securitizations. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the three months ended March&#160;31, 2021 and 2020, the average balances of our short-term debt facilities were $988 million and $1.74 billion, respectively. At both March&#160;31, 2021 and December&#160;31, 2020, accrued interest payable on our short-term debt facilities was $1 million.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Servicer advance financing consists of non-recourse short-term securitization debt used to finance servicer advance investments. We consolidate the securitization entity that issued the debt, but the entity is independent of Redwood and the assets and liabilities are not owned by and are not legal obligations of Redwood. At March&#160;31, 2021, the accrued interest payable balance on this financing was $0.1 million and the unamortized capitalized commitment costs were $1 million.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We also maintain a $10 million committed line of credit with a financial institution that is secured by certain mortgage-backed securities with a fair market value of $2 million at March&#160;31, 2021. At both March&#160;31, 2021 and December&#160;31, 2020, we had no outstanding borrowings on this facility.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Remaining Maturities of Short-Term Debt</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the remaining maturities of our secured short-term debt by the type of collateral securing the debt at March&#160;31, 2021.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 13.3 &#8211; Short-Term Debt by Collateral Type and Remaining Maturities</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"><tr><td style="width:1.0%"/><td style="width:40.543%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.941%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.409%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.409%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.414%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Within 30 days</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">31 to 90 days</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Over 90 days</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Collateral Type</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale residential loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">839,224&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">839,224&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">140,916&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">140,916&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,391&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,279&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">81,670&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Secured Short-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,391&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,279&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">980,140&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,061,810&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">192,072&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">192,072&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Short-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,391&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,279&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,172,212&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,253,882&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for short-term debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -URI http://asc.fasb.org/topic&amp;trid=2208564<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>37
<FILENAME>R23.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457000296">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Asset-Backed Securities Issued<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>Debt Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SecuredBorrowingsDisclosureTextBlock', window );">Asset-Backed Securities Issued</a></td>
<td class="text">Asset-Backed Securities Issued<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The carrying values of ABS issued by our consolidated securitization entities at March&#160;31, 2021 and December&#160;31, 2020, along with other selected information, are summarized in the following table.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 14.1 &#8211; Asset-Backed Securities Issued</span></div><div style="margin-bottom:11pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:25.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.435%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy<br/>Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia<br/>Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac SLST </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac <br/>K-Series</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Certificates with principal balance</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">309,916&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,024,081&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,800,808&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">424,393&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,728,355&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,287,553&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest-only certificates</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">819&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,274&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,962&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,326&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">153,420&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">191,801&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Market valuation adjustments </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(38,820)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,650&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97,670&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,846&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">81,977&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">192,323&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">ABS Issued, Net </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">271,915&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,054,005&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,921,440&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">460,565&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,963,752&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,671,677&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Range of weighted average interest rates, by series</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.32% to 1.47%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.28% to 5.06%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.50% to 4.75%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.41&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.63% to 5.56%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stated maturities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024 - 2036</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2047 - 2050</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028 - 2059</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022 - 2052</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Number of series</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr></table></div><div style="margin-bottom:11pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:25.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.435%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy<br/>Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia<br/>Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac SLST </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac K-Series</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Certificates with principal balance</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">329,039&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,309,957&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,866,145&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">416,339&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,716,425&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,637,905&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest-only certificates</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,092&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,591&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,335&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,026&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">162,934&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">204,978&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Market valuation adjustments </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(47,805)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,809&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104,439&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,601&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">133,734&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">257,778&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">ABS Issued, Net </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">282,326&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,347,357&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,993,919&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">463,966&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,013,093&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,100,661&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Range of weighted average interest rates, by series</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.35% to 1.55%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.25% to 5.04%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.50% to 4.75%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.39&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.68% to 5.42%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stated maturities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024 - 2036</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2047 - 2050</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028 - 2059</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022 - 2052</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Number of series</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr></table></div><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Includes $200 million and $205 million (principal balance) of ABS issued by a re-securitization trust sponsored by Redwood and accounted for at amortized cost at March&#160;31, 2021 and December&#160;31, 2020, respectively.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the third quarter of 2020, we transferred all of the subordinate securities we owned from two consolidated re-performing loan securitization VIEs sponsored by Freddie Mac SLST to a re-securitization trust, which we determined was a VIE and for which we determined we are the primary beneficiary. At issuance, we sold $210&#160;million (principal balance) of ABS issued to third parties and retained 100% of the remaining beneficial ownership interest in the trust through ownership of a subordinate security issued by the trust. The ABS was issued at a discount and we have elected to account for the ABS issued at amortized cost. At March&#160;31, 2021, the principal balance of the ABS issued was $200&#160;million, and the debt discount and deferred issuance costs were $4&#160;million, for a carrying value of $196&#160;million. The stated coupon of the ABS issued was 4.75% at issuance and the final stated maturity occurs in July 2059. The ABS issued is subject to optional redemption and interest rate step-ups prior to the stated maturity according to the terms of the respective governing agreements.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The actual maturity of each class of ABS issued is primarily determined by the rate of principal prepayments on the assets of the issuing entity. Each series is also subject to redemption prior to the stated maturity according to the terms of the respective governing documents of each ABS issuing entity. As a result, the actual maturity of ABS issued may occur earlier than its stated maturity. At March&#160;31, 2021, the majority of the ABS issued and outstanding had contractual maturities beyond five years. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 4</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for detail on the carrying value components of the collateral for ABS issued and outstanding. The following table summarizes the accrued interest payable on ABS issued at March&#160;31, 2021 and December&#160;31, 2020. Interest due on consolidated ABS issued is payable monthly.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 14.2 &#8211; Accrued Interest Payable on Asset-Backed Securities Issued</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:59.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.954%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.956%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Legacy Sequoia</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">128&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">141&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sequoia Choice</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,658&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,697&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Freddie Mac SLST </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,461&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,656&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Freddie Mac K-Series</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,208&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,177&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">CAFL</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,256&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,122&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Accrued Interest Payable on ABS Issued</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,711&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,793&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:8pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Includes accrued interest payable on ABS issued by a re-securitization trust sponsored by Redwood.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_SecuredBorrowingsDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the disclosure related to the asset-backed securities issued under the Sequoia and Acacia securitization entities, and the Residential Resecuritization and Commercial Securitization entities, including their respective components, collateral, and accrued interest payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_SecuredBorrowingsDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>38
<FILENAME>R24.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774458361256">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>Debt Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtTextBlock', window );">Long-Term Debt</a></td>
<td class="text">Long-Term Debt<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The table below summarizes our long-term debt, including the facilities that are available to us, the outstanding balances, the weighted average interest rate, and the maturity information at March&#160;31, 2021.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 15.1 &#8211; Long-Term Debt </span></div><div style="margin-bottom:5pt;margin-top:17pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:28.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.761%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.650%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.626%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Borrowings</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Unamortized Deferred Issuance Costs / Discount</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Net Carrying Value</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Limit </span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Interest Rate </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Final Maturity</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Recourse Subordinate Securities Financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Sequoia</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">172,805&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(624)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">172,181&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4.21&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9/2024</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">CAFL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">102,426&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(581)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">101,845&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4.21&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2/2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Non-Recourse BPL Financing</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Facility A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">241,549&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,119)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">240,430&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">316,543&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">L + 7.50%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6/2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Facility B</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">84,017&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(555)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">83,462&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">84,017&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">L + 3.85%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7/2022</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Recourse BPL Financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Facility C </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">75,109&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(368)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">74,741&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">250,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">L + 3.00%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3/2022</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Facility D</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">114,386&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(176)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">114,210&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">250,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">L + 3.00%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9/2023</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Long-Term Debt Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">790,292&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(3,423)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">786,869&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">FHLBC borrowings</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">0.33&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1/2026</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Convertible notes</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4.75% convertible senior notes</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">198,629&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2,610)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">196,019&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4.75&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8/2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5.625% convertible senior notes</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">150,200&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2,634)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">147,566&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5.625&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7/2024</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5.75% exchangeable senior notes</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">172,092&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(3,970)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">168,122&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5.75&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10/2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Trust preferred securities and subordinated notes</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">139,500&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(814)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">138,686&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">L + 2.25%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7/2037</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Long-Term Debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,451,713&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(13,451)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,438,262&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr></table></div><div style="margin-top:8pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Variable rate borrowings are based on 1- or 3-month LIBOR ("L" in the table above) plus an applicable spread.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table below presents the value of loans, securities, and other assets pledged as collateral under our long-term debt at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 15.2 &#8211; Collateral for Long-Term Debt</span></div><div style="margin-bottom:12pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:61.122%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.096%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Collateral Type</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bridge loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">522,050&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">544,151&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Single-family rental loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">228,125&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">154,774&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sequoia Choice securitizations </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">256,554&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">249,446&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">CAFL securitizations </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">112,451&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,044&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total real estate securities owned</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> </span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">369,005&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">363,490&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other BPL investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,358&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,414&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restricted cash</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,100&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,100&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Collateral for Long-Term Debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,139,638&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,084,929&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents securities we have retained from consolidated securitization entities. For GAAP purposes, we consolidate the loans and non-recourse ABS debt issued from these securitizations. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the accrued interest payable on long-term debt at March&#160;31, 2021 and December&#160;31, 2020. </span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 15.3 &#8211; Accrued Interest Payable on Long-Term Debt</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:59.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.954%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.956%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Long-term debt facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,642&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,799&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Convertible notes</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.75% convertible senior notes</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,206&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,564&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.625% convertible senior notes</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,784&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,896&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.75% exchangeable senior notes</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,948&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,474&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trust preferred securities and subordinated notes</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">580&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">669&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Accrued Interest Payable on Long-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,160&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,402&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>Refer to our Annual Report on Form 10-K for the year ended December&#160;31, 2020 for a full description of our long-term debt<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for long-term debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -URI http://asc.fasb.org/topic&amp;trid=2208564<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>39
<FILENAME>R25.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774458821240">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments and Contingencies<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract', window );"><strong>Commitments and Contingencies Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock', window );">Commitments and Contingencies</a></td>
<td class="text">Commitments and Contingencies<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Lease Commitments</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, we were obligated under seven non-cancelable operating leases with expiration dates through 2031 for $19 million of cumulative lease payments. Our operating lease expense was $1 million for both three-month periods ended March&#160;31, 2021 and 2020. </span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents our future lease commitments at March&#160;31, 2021. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 16.1 &#8211; Future Lease Commitments by Year</span></div><div style="margin-bottom:6pt;margin-top:17pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:79.706%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.399%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2021 (9 months)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,498&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,301&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2023</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,813&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,231&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,983&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026 and thereafter</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,128&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Lease Commitments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,954&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: Imputed interest</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,069)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Operating Lease Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,885&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March&#160;31, 2021, we did not enter into any office leases. At March&#160;31, 2021, our operating lease liabilities were $16 million, which were a component of <span style="-sec-ix-hidden:id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMjE5OTAyMzI5MzY4Nw_bc0bc37e-bcf8-4c82-a2ba-5b00384cfc4e">Accrued expenses and other liabilities</span>, and our operating lease right-of-use assets were $14 million, which were a component of <span style="-sec-ix-hidden:id3VybDovL2RvY3MudjEvZG9jOmJiYjFjZmMyNTdlYzQ0MjhhZGU4ZDFkMTJhMjY0OTViL3NlYzpiYmIxY2ZjMjU3ZWM0NDI4YWRlOGQxZDEyYTI2NDk1Yl85MS9mcmFnOjFlN2FkNDVlNGVhZDRlNTQ4NTc3MGMzMTYwYTdhYzg0L3RleHRyZWdpb246MWU3YWQ0NWU0ZWFkNGU1NDg1NzcwYzMxNjBhN2FjODRfMTc0NjQ_e532c9ed-5ea2-4103-b7f4-f84acd79bb2e">Other assets</span>.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We determined that none of our leases contained an implicit interest rate and used a discount rate equal to our incremental borrowing rate on a collateralized basis to determine the present value of our total lease payments. As such, we determined the applicable discount rate for each of our leases using a swap rate plus an applicable spread for borrowing arrangements secured by our real estate loans and securities for a length of time equal to the remaining lease term on the date of adoption. At March&#160;31, 2021, the weighted-average remaining lease term and weighted-average discount rate for our leases was 7 years and 4.9%, respectively.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Commitment to Fund Bridge Loans</span></div><div style="margin-bottom:9pt;margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of March&#160;31, 2021, we had commitments to fund up to $283 million of additional advances on existing bridge loans. These commitments are generally subject to loan agreements with covenants regarding the financial performance of the customer and other terms regarding advances that must be met before we fund the commitment. At March&#160;31, 2021, we recorded a $2 million contingent liability related to these commitments to fund construction advances. We may also advance funds related to loans sold under a separate loan sale agreement that are generally repaid immediately by the loan purchaser and do not generally expose us to loss. The outstanding commitments related to these loans that we may temporarily fund totaled approximately $2 million at March&#160;31, 2021.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Commitment to Fund Partnerships</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2018, we invested in two partnerships created to acquire and manage certain mortgage servicing related assets (see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 10</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional detail). In connection with this investment, we are required to fund future net servicer advances related to the underlying mortgage loans. The actual amount of net servicer advances we may fund in the future is subject to significant uncertainty and will be based on the credit and prepayment performance of the underlying loans.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Loss Contingencies&#160;&#8212; Risk-Sharing</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During 2015 and 2016, we sold conforming loans to the Agencies with an original unpaid principal balance of $3.19 billion, subject to our risk-sharing arrangements with the Agencies. At March&#160;31, 2021, the maximum potential amount of future payments we could be required to make under these arrangements was $44 million and this amount was fully collateralized by assets we transferred to pledged accounts and is presented as pledged collateral in Other assets on our consolidated balance sheets. We have no recourse to any third parties that would allow us to recover any amounts related to our obligations under the arrangements. At March&#160;31, 2021, we had not incurred any losses under these arrangements. For the three months ended March&#160;31, 2021 and 2020, other income related to these arrangements was $1 million for both periods, and net market valuation losses related to these investments were less than $0.1 million and $0.5 million, respectively.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All of the loans in the reference pools subject to these risk-sharing arrangements were originated in 2014 and 2015, and at March&#160;31, 2021, the loans had an unpaid principal balance of $806 million and a weighted average FICO score of 757 (at origination) and LTV ratio of 75% (at origination). At March&#160;31, 2021, $33 million of the loans were 90 days or more delinquent, of which one of these loans with an unpaid principal balance of $0.2 million was in foreclosure. At March&#160;31, 2021, the carrying value of our guarantee obligation was $9 million and included $5 million designated as a non-amortizing credit reserve, which we believe is sufficient to cover current expected losses under these obligations. </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our consolidated balance sheets include assets of special purpose entities ("SPEs") associated with these risk-sharing arrangements (i.e., the "pledged collateral" referred to above) that can only be used to settle obligations of these SPEs for which the creditors of these SPEs (the Agencies) do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of such SPEs totaled $46 million at both dates, and liabilities of such SPEs totaled $9 million and $10 million, respectively.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Loss Contingencies&#160;&#8212; Residential Repurchase Reserve </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We maintain a repurchase reserve for potential obligations arising from representation and warranty violations related to residential loans we have sold to securitization trusts or third parties and for conforming residential loans associated with MSRs that we have purchased from third parties. We do not originate residential loans and we believe the initial risk of loss due to loan repurchases (i.e., due to a breach of representations and warranties) would generally be a contingency to the companies from whom we acquired the loans. However, in some cases, for example, where loans were acquired from companies that have since become insolvent, repurchase claims may result in our being liable for a repurchase obligation. Additionally, for certain loans we sold during the second quarter of 2020 that were previously held for investment, we have a direct obligation to repurchase these loans in the event of any early payment defaults (or EPDs) by the underlying mortgage borrowers within certain specified periods following the sales.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At both March&#160;31, 2021 and December&#160;31, 2020, our repurchase reserve associated with our residential loans and MSRs was $9 million and was recorded in Accrued expenses and other liabilities on our consolidated balance sheets. </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We received zero and three repurchase requests during the three months ended March&#160;31, 2021 and 2020, respectively, and did not repurchase any loans during either of these periods. During the three months ended March&#160;31, 2021 and 2020, we recorded repurchase provisions of $0.1 million and $0.2 million, respectively, that were recorded in Mortgage banking activities, net; Investment fair value changes, net; and Other income on our consolidated statements of income (loss).</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Loss Contingencies&#160;&#8212;&#160;Litigation, Claims and Demands</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There is no significant update regarding the litigation matters described in Note 16 within the financial statements included in Redwood&#8217;s Annual Report on Form 10-K for the year ended December&#160;31, 2020 under the heading &#8220;Loss Contingencies - Litigation.&#8221; At March&#160;31, 2021, the aggregate amount of loss contingency reserves established in respect of the FHLB-Seattle and Schwab litigation matters described in our Annual Report on Form 10-K for the year ended December&#160;31, 2020 was $2&#160;million. At March&#160;31, 2021, the aggregate amount of our accrual for estimated costs associated with the "Residential Loan Seller Demands" described in our Annual Report on Form 10-K for the year ended December&#160;31, 2020 was $2&#160;million, a portion of which is contingent on the successful completion of future residential loan purchase and sale transactions with certain counterparties. We believe we have either resolved or adequately accrued for any unresolved Residential Loan Seller Demands and that there are no other Residential Loan Seller Demands that are reasonably possible to result in a material loss.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingenciesDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for commitments and contingencies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -URI http://asc.fasb.org/topic&amp;trid=2127136<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 440<br> -URI http://asc.fasb.org/topic&amp;trid=2144648<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 440<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559207&amp;loc=d3e25336-109308<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 440<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559207&amp;loc=d3e25336-109308<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingenciesDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>40
<FILENAME>R26.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457361784">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityAbstract', window );"><strong>Equity [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityNoteDisclosureTextBlock', window );">Equity</a></td>
<td class="text">Equity <div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides a summary of changes to accumulated other comprehensive income by component for the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 17.1 &#8211; Changes in Accumulated Other Comprehensive Income (Loss) by Component</span></div><div style="margin-bottom:5pt;margin-top:11pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:29.358%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.595%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Available-for-Sale Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Interest Rate Agreements Accounted for as Cash Flow Hedges</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Available-for-Sale Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Interest Rate Agreements Accounted for as Cash Flow Hedges</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Balance at beginning of period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">76,336&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(80,557)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">92,452&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(50,939)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Other comprehensive income (loss)<br/>before reclassifications </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,986&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(80,519)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(32,806)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Amounts reclassified from other <br/>accumulated comprehensive income (loss)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,795)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,018&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,798)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">79&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net current-period other comprehensive income (loss)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,191&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,018&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(94,317)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(32,727)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Balance at End of Period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84,527&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(79,539)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,865)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(83,666)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides a summary of reclassifications out of accumulated other comprehensive income for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 17.2 &#8211; Reclassifications Out of Accumulated Other Comprehensive Income (Loss)</span></div><div style="margin-bottom:5pt;margin-top:17pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:38.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:22.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.542%"/><td style="width:0.1%"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amount Reclassified From <br/>Accumulated Other Comprehensive Income</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Affected Line Item in the</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Income Statement</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Realized (Gain) Loss on AFS Securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit loss expense on AFS securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(374)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,525&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gain on sale of AFS securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized gains, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,421)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15,323)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,795)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,798)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Realized Loss on Interest Rate <br/>&#160;&#160;Agreements Designated as Cash Flow Hedges</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization of deferred loss</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,018&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">79&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,018&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">79&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt;margin-top:17pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Issuance of Common Stock</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have an established program to sell up to an aggregate of $175 million of common stock from time to time in at-the-market ("ATM") offerings, with $110 million of remaining capacity available at March&#160;31, 2021. During the three months ended March&#160;31, 2021, we did not issue any shares under this program. </span></div><div style="margin-bottom:9pt;margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Direct Stock Purchase and Dividend Reinvestment Plan</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During both the three months ended March&#160;31, 2021 and 2020, we did not issue any shares of common stock through our Direct Stock Purchase and Dividend Reinvestment Plan.</span></div><div style="margin-bottom:9pt;margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Earnings (Loss) per Common Share</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the basic and diluted earnings (loss) per common share computations for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 17.3 &#8211; Basic and Diluted Earnings (Loss) per Common Share</span></div><div style="margin-bottom:5pt;margin-top:11pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:71.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.816%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.819%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands, except Share Data)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Basic Earnings (Loss) per Common Share:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income (loss) attributable to Redwood</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97,257&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(943,398)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: Dividends and undistributed earnings allocated to participating securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,294)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,209)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income (loss) allocated to common shareholders</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93,963&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(944,607)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Basic weighted average common shares outstanding</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">112,276,842&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,076,568&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Basic Earnings (Loss) per Common Share</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.84&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8.28)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Diluted Earnings (Loss) per Common Share:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income (loss) attributable to Redwood</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97,257&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(943,398)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: Dividends and undistributed earnings allocated to participating securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,951)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,209)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Add back: Interest expense on convertible notes for the period, net of tax</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,007&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income (loss) allocated to common shareholders</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101,313&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(944,607)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Weighted average common shares outstanding</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">112,276,842&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,076,568&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net effect of dilutive equity awards</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">195,568&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net effect of assumed convertible notes conversion to common shares</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,566,875&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Diluted weighted average common shares outstanding</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">141,039,285&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,076,568&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Diluted Earnings (Loss) per Common Share</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.72&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8.28)</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We included participating securities, which are certain equity awards that have non-forfeitable dividend participation rights, in the calculations of basic and diluted earnings per common share as we determined that the two-class method was more dilutive than the alternative treasury stock method for these shares. Dividends and undistributed earnings allocated to participating securities under the basic and diluted earnings per share calculations require specific shares to be included that may differ in certain circumstances. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March 31, 2021, certain of our convertible notes were determined to be dilutive and were included in the calculation of diluted EPS under the "if-converted" method. Under this method, the periodic interest expense (net of applicable taxes) for dilutive notes is added back to the numerator and the weighted average number of shares that the notes are entitled to (if converted, regardless of whether they are in or out of the money) are included in the denominator. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the three months ended March 31, 2020, 35.4&#160;million of common shares related to the assumed conversion of our convertible notes were antidilutive and were excluded in the calculation of diluted earnings per share. For the three months ended March&#160;31, 2021 and 2020, the number of outstanding equity awards that were antidilutive totaled 15,460 and 21,249, respectively. </span></div><div style="margin-bottom:9pt;margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Stock Repurchases</span></div><div style="margin-bottom:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In February 2018, our Board of Directors approved an authorization for the repurchase of our common stock, increasing the total amount authorized for repurchases of common stock to $100 million, and also authorized the repurchase of outstanding debt securities, including convertible and exchangeable debt. This authorization increased the previous share repurchase authorization approved in February 2016 and has no expiration date. This repurchase authorization does not obligate us to acquire any specific number of shares or securities. Under this authorization, shares or securities may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. During the three months ended March&#160;31, 2021, we did not repurchase any shares. At March&#160;31, 2021, $78 million of the current authorization remained available for the repurchase of shares of our common stock and we also continued to be authorized to repurchase outstanding debt securities.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityNoteDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(e)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=120397183&amp;loc=d3e187085-122770<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -URI http://asc.fasb.org/topic&amp;trid=2208762<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityNoteDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>41
<FILENAME>R27.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774459210872">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity Compensation Plans<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract', window );"><strong>Share-based Payment Arrangement [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock', window );">Equity Compensation Plans</a></td>
<td class="text">Equity Compensation Plans<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021 and December&#160;31, 2020, 7,540,310 and 7,957,891 shares of common stock, respectively, were available for grant under our Incentive Plan. The unamortized compensation cost of awards issued under the Incentive Plan, which are settled by delivery of shares of common stock and purchases under the Employee Stock Purchase Plan, totaled $29 million at March&#160;31, 2021, as shown in the following table.</span></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 18.1 &#8211; Activities of Equity Compensation Costs by Award Type </span></div><div style="margin-bottom:5pt;margin-top:13pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:28.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:9.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.876%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Restricted Stock Awards</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Restricted Stock Units</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Deferred Stock Units</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Performance Stock Units</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Employee Stock Purchase Plan</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unrecognized compensation cost at beginning of period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">564&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,540&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,766&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,794&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,664&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Equity grants</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,370&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,641&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">259&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,270&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Equity grant forfeitures</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(591)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(550)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,143)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Equity compensation expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(167)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(307)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,761)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(586)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(65)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,886)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Unrecognized Compensation Cost at End of Period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">395&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,012&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,096&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,208&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">194&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,905&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021, the weighted average amortization period remaining for all of our equity awards was one year.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Restricted Stock Awards ("RSAs")</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021 and December&#160;31, 2020, there were 30,119 and 78,998 shares, respectively, of RSAs outstanding. Restrictions on these shares lapse through 2022. During the three months ended March&#160;31, 2021, there were no RSAs granted, restrictions on 48,879 RSAs lapsed and those shares were distributed, and no RSAs were forfeited.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Restricted Stock Units ("RSUs")</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021 and December&#160;31, 2020, there were 458,554 and 282,424 shares, respectively, of RSUs outstanding. Restrictions on these shares lapse through 2025. During the three months ended March&#160;31, 2021, there were 272,261 RSUs granted, 58,899 RSUs distributed, and 37,232 RSUs forfeited.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Deferred Stock Units (&#8220;DSUs&#8221;)</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March&#160;31, 2021 and December&#160;31, 2020, there were 2,963,453 and 2,805,144 DSUs, respectively, outstanding of which 1,248,084 and 1,206,125, respectively, had vested. During the three months ended March&#160;31, 2021, there were 312,045 DSUs granted, 122,575 DSUs distributed, and 31,161 DSUs forfeited. Unvested DSUs at March&#160;31, 2021 vest through 2025. </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Performance Stock Units (&#8220;PSUs&#8221;)</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At both March&#160;31, 2021 and December&#160;31, 2020, the target number of PSUs that were unvested was 978,735. During the three months ended March&#160;31, 2021, no PSUs were forfeited. Vesting for all PSUs will generally occur at the end of three years from their grant date based on various Total Shareholder Return ("TSR") performance calculations, as discussed in our Annual Report on Form 10-K for the year ended December&#160;31, 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Employee Stock Purchase Plan ("ESPP")</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The ESPP allows a maximum of 600,000 shares of common stock to be purchased in aggregate for all employees. As of March&#160;31, 2021 and December&#160;31, 2020, 505,346 and 489,886 shares had been purchased, respectively, and there remained a negligible amount of uninvested employee contributions in the ESPP at March&#160;31, 2021.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -URI http://asc.fasb.org/topic&amp;trid=2228938<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>42
<FILENAME>R28.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457371704">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Mortgage Banking Activities, Net<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageBankingAbstract', window );"><strong>Mortgage Banking [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock', window );">Mortgage Banking Activities, Net</a></td>
<td class="text">Mortgage Banking Activities, Net<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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&#160;31, 2021 and 2020.</span></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 19.1 &#8211; Mortgage Banking Activities </span></div><div style="margin-bottom:5pt;margin-top:13pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:70.844%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.235%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential Mortgage Banking Activities, Net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Changes in fair value of:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans, at fair value </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(29,273)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,955&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading securities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">721&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk management derivatives </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,964&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(31,294)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income (expense), net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,023&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">258&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total residential mortgage banking activities, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61,435&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,081)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Business Purpose Mortgage Banking Activities, Net:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Changes in fair value of:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Single-family rental loans, at fair value </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,248&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,808&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk management derivatives</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,858&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(21,538)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bridge loans, at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,044&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,934)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income, net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(5)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,022&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,843&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total business purpose mortgage banking activities, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,172&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,821)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mortgage Banking Activities, Net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">82,607&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(28,902)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">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.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents fair value changes on trading securities that are being used as hedges to manage the mark-to-market risks associated with our residential mortgage banking operations.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents market valuation changes of derivatives that were used to manage risks associated with our mortgage banking operations. </span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Amounts in this line item include other fee income from loan acquisitions and provisions for repurchase expense, presented net.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(5)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Amounts in this line item include other fee income from loan originations.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Mortgage Banking And Investing Activities Disclosure [Text Block]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageBankingAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageBankingAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>43
<FILENAME>R29.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774458443144">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Other Income<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncomeAndExpensesAbstract', window );"><strong>Other Income and Expenses [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndOtherIncomeTextBlock', window );">Other Income</a></td>
<td class="text">Other Income<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the components of Other income recorded in our consolidated statements of income (loss) for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 20.1 &#8211; Other Income</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:71.122%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.096%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSR income (loss), net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">697&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,809)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk share income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">882&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">765&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FHLBC capital stock dividend</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">547&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Equity investment income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">848&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan extension fees</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">421&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,818&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,577&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other Income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,843&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,928&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestAndOtherIncomeTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for interest and other income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 610<br> -URI http://asc.fasb.org/topic&amp;trid=49130413<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestAndOtherIncomeTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncomeAndExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherIncomeAndExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>44
<FILENAME>R30.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774470144328">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncomeAndExpensesAbstract', window );"><strong>Other Income and Expenses [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock', window );">General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses</a></td>
<td class="text">General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Components of our general and administrative expenses, loan acquisition costs, and other expenses for the three months ended March&#160;31, 2021 and 2020 are presented in the following table.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 21.1 &#8211; Components of General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:71.122%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.096%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">General and Administrative Expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fixed compensation expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,805&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,684&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Annual variable compensation</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,669&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Long-term incentive award expense </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,169&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,995&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisition-related equity compensation expense </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,212&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,212&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Systems and consulting</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,977&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Office costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,808&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,108&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accounting and legal</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">714&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,216&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Corporate costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">691&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">671&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,506&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,573&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total General and Administrative Expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,551&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,682&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Loan Acquisition Costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commissions</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,263&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,788&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Underwriting costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,685&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,662&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfer and holding costs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">611&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">536&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Loan Acquisition Costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,559&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,986&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other Expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill impairment expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,675&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization of purchase-related intangible assets </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,873&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,309&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">223&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,569)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Other Expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,096&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">91,415&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51,206&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">124,083&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For the three months ended March 31, 2021, long-term incentive award expense includes $3 million of expense for awards settleable in shares of our common stock and $1 million of expense for awards settleable in cash.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Acquisition-related equity compensation expense relates to 588,260 shares of restricted stock that were issued to members of CoreVest management as a component of the consideration paid to them for our purchase of their interests in CoreVest. The grant date fair value of these restricted stock awards was $10 million, which is being recognized as compensation expense over the two-year vesting period on a straight-line basis in accordance with GAAP.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncomeAndExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherIncomeAndExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 720<br> -URI http://asc.fasb.org/topic&amp;trid=2122503<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 610<br> -URI http://asc.fasb.org/topic&amp;trid=49130413<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>45
<FILENAME>R31.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774458456008">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Taxes<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureTextBlock', window );">Taxes</a></td>
<td class="text">Taxes<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the three months ended March&#160;31, 2021 and 2020, we recognized a provision for income taxes of $12 million and a benefit from income taxes of $22 million, respectively. The following is a reconciliation of the statutory federal and state tax rates to our effective tax rate at March&#160;31, 2021 and 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 22.1 &#8211; Reconciliation of Statutory Tax Rate to Effective Tax Rate</span></div><div style="margin-bottom:5pt;margin-top:17pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Federal statutory rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.0&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.0&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">State statutory rate, net of Federal tax effect</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.6&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.6&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Differences in taxable (loss) income from GAAP income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(12.5)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(25.9)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in valuation allowance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3.7)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2.5)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dividends paid deduction </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2.8)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Effective Tax Rate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.6&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.3&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We assessed our tax positions for all open tax years (i.e., Federal, 2017 to 2021, and State, 2016 to 2021) at March&#160;31, 2021 and December&#160;31, 2020, and concluded that we had no uncertain tax positions that resulted in material unrecognized tax benefits.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 21<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32857-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 11.C)<br> -URI http://asc.fasb.org/extlink&amp;oid=116825942&amp;loc=d3e330215-122817<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 17<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32809-109319<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB TOPIC 6.I.5.Q1)<br> -URI http://asc.fasb.org/extlink&amp;oid=116825942&amp;loc=d3e330036-122817<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 14<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32705-109319<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 270<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6424409&amp;loc=d3e44925-109338<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -URI http://asc.fasb.org/topic&amp;trid=2144680<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6424122&amp;loc=d3e41874-109331<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>46
<FILENAME>R32.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774458564424">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segment Information<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingAbstract', window );"><strong>Segment Reporting [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingDisclosureTextBlock', window );">Segment Information</a></td>
<td class="text">Segment Information<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood operates in three segments: Residential Lending, Business Purpose Lending, and Third-Party Investments. For a full description of our segments, see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Part I, Item 1&#8212;Business </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in our Annual Report on Form 10-K for the year ended December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Segment contribution represents the measure of profit that management uses to assess the performance of our business segments and make resource allocation and operating decisions. Certain corporate expenses not directly assigned or allocated to one of our three segments, as well as activity from certain consolidated Sequoia entities, are included in the Corporate/Other column as reconciling items to our consolidated financial statements. These unallocated corporate expenses primarily include interest expense and realized gains from the repurchase of our convertible notes and trust preferred securities, indirect general and administrative expenses and other expense. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following tables present financial information by segment for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 23.1 &#8211; Business Segment Financial Information </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:37.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.434%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential Lending</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Business Purpose Lending</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Third-Party Investments</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Corporate/<br/>Other </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,548&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64,405&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,990&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,362&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">128,305&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(19,037)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(50,075)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,179)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10,261)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(102,552)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,511&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,330&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,811&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8,899)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,753&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-interest income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage banking activities, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61,435&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,172&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">82,607&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,746&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,299&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,716&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(674)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,087&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,853&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">843&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">147&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,843&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized gains, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,408&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">108&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,716&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total non-interest income (loss), net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">69,442&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,422&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,916&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(527)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">134,253&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,757)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,159)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,131)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17,504)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(43,551)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan acquisition costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,416)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,052)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(87)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,559)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,777)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(330)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,096)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Provision for income taxes</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,979)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,321)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(243)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,543)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Segment Contribution</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,795&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,443&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49,936&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(26,917)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97,257&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-cash amortization (expense) income, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,666&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,857)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(144)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,895)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td style="border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6,230)</span></td><td style="border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:5pt;text-align:center"><span><br/></span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:37.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.434%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential Lending</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Business Purpose Lending</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Third-Party Investments</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Corporate/<br/>Other </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60,631&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53,060&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">81,196&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,194&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">198,081&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(37,562)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(32,353)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(62,501)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14,255)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(146,671)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,069&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,707&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,695&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,061)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51,410&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-interest income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage banking activities, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,081)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,821)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(28,902)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(196,635)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(142,130)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(531,558)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(509)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(870,832)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(497)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,184&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,241&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,928&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized gains, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,796&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,056&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,852&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total non-interest income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(218,417)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(145,767)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(528,261)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(509)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(892,954)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,599)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,640)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,535)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10,908)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(28,682)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan acquisition costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,033)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,693)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(253)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,986)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(92,985)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,882&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(312)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(91,415)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Benefit from income taxes</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,330&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,582&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,317&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,229&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Segment Contribution</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(195,650)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(225,796)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(499,155)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(22,797)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Loss</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(943,398)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-cash amortization income (expense), net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">367&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,363)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">866&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(367)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,497)</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other significant non-cash expense: goodwill impairment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(88,675)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(88,675)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the components of Corporate/Other for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 23.2 &#8211; Components of Corporate/Other </span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:29.637%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.582%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.331%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.331%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.582%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.331%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.336%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="33" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="15" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy Consolidated VIEs </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy Consolidated VIEs </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,348&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,362&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,194&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,194&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(875)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,386)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10,261)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,522)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,733)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14,255)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">473&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,372)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8,899)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">672&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,733)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,061)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-interest income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(699)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(674)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(391)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(118)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(509)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">147&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">147&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total non-interest income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(699)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">172&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(527)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(391)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(118)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(509)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17,504)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17,504)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10,908)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10,908)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan acquisition costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(312)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(312)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(226)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(26,691)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(26,917)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">281&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,078)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(22,797)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:5pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1) &#160;&#160;&#160;&#160;Legacy consolidated VIEs represent Legacy Sequoia entities that are consolidated for GAAP financial reporting purposes. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion on VIEs.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents supplemental information by segment at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 23.3 &#8211; Supplemental Segment Information </span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:37.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.434%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential Lending</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Business Purpose Lending</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Third-Party Investments</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Corporate/<br/>Other</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,272,624&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,701,836&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,172,120&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,172,120&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">167,040&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">197,280&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">364,320&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,945&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,405&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">293,776&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,453&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">322,579&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Intangible assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,992&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,992&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,601,672&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,359,491&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,155,645&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">780,040&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,896,848&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,741,963&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,249,051&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,136,353&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,136,353&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">160,780&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">183,345&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">344,125&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,815&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,627&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">317,282&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">451&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">348,175&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Intangible assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56,865&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56,865&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,989,802&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,323,040&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,232,415&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">809,809&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,355,066&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 31<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8924-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 34<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8981-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 21<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8721-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 40<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e9031-108599<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 26<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8844-108599<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 41<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e9038-108599<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 42<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e9054-108599<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8657-108599<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 21<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8721-108599<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -URI http://asc.fasb.org/topic&amp;trid=2134510<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>47
<FILENAME>R33.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774464927752">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies (Policies)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BasisOfAccountingPolicyPolicyTextBlock', window );">Basis of Presentation</a></td>
<td class="text">Basis of PresentationThe consolidated financial statements presented herein are at March&#160;31, 2021 and December&#160;31, 2020, and for the three months ended March&#160;31, 2021 and 2020. These interim unaudited consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and note disclosures normally included in our annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") &#8212;&#160;as prescribed by the Financial Accounting Standards Board&#8217;s (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;)&#160;&#8212;&#160;have been condensed or omitted in these interim financial statements according to these SEC rules and regulations. Management believes that the disclosures included in these interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the company's Annual Report on Form 10-K for the year ended December&#160;31, 2020. In the opinion of management, all normal and recurring adjustments to present fairly the financial condition of the Company at March&#160;31, 2021 and results of operations for all periods presented have been made. The results of operations for the three months ended March&#160;31, 2021 should not be construed as indicative of the results to be expected for the full year.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationPolicyTextBlock', window );">Principles of Consolidation</a></td>
<td class="text"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Principles of Consolidation</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In accordance with GAAP, we determine whether we must consolidate transferred financial assets and variable interest entities (&#8220;VIEs&#8221;) for financial reporting purposes. We currently consolidate the assets and liabilities of certain Sequoia securitization entities issued prior to 2012 ("Legacy Sequoia"), entities formed in connection with the securitization of Redwood Choice expanded-prime loans ("Sequoia Choice"), and entities formed in connection with the securitization of single-family rental loans ("CAFL"). We also consolidate the assets and liabilities of certain Freddie Mac K-Series and Freddie Mac Seasoned Loans Structured Transaction ("SLST") securitizations in which we have invested. Each securitization entity is independent of Redwood and of each other and the assets and liabilities are not owned by and are not legal obligations of Redwood Trust, Inc. Our exposure to these entities is primarily through the financial interests we have purchased or retained, although for the consolidated Sequoia and CAFL entities we are exposed to certain financial risks associated with our role as a sponsor, servicing administrator, or depositor of these entities or as a result of our having sold assets directly or indirectly to these entities. </span></div>For financial reporting purposes, the underlying loans owned at the consolidated Sequoia and Freddie Mac SLST entities are shown under Residential loans held-for-investment at fair value, the underlying loans at the consolidated Freddie Mac K-Series entity are shown under Multifamily loans held-for-investment at fair value, and the underlying single-family rental loans at the consolidated CAFL entities are shown under Business purpose loans held-for-investment at fair value on our consolidated balance sheets. The asset-backed securities (&#8220;ABS&#8221;) issued to third parties by these entities are shown under ABS issued. In our consolidated statements of income (loss), we recorded interest income on the loans owned at these entities and interest expense on the ABS issued by these entities as well as other income and expenses associated with these entities' activities.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UseOfEstimates', window );">Use of Estimates</a></td>
<td class="text"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements requires us to make a number of significant estimates. These include estimates of fair value of certain assets and liabilities, amounts and timing of credit losses, prepayment rates, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reported periods. It is likely that changes in these estimates (e.g., valuation changes due to supply and demand, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. Our estimates are inherently subjective in nature and actual results could differ from our estimates and the differences could be material.</span></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock', window );">Recent Accounting Pronouncements</a></td>
<td class="text"><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Recent Accounting Pronouncements</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Newly Adopted Accounting Standards Updates ("ASUs")</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In October 2020, the FASB issued ASU 2020-10, "Codification Improvements." This new guidance updates various codification topics by clarifying or improving disclosure requirements. This new guidance is effective for fiscal years ending after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In October 2020, the FASB issued ASU 2020-09, "Debt (Topic 470): Amendments to SEC Paragraphs Pursuant to SEC Release No. 33-10762." This new guidance aligns certain SEC paragraphs in the codification with new SEC rules issued in March 2020 related to changes to the disclosure requirements for registered debt securities. This new guidance became effective January 4, 2021. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In October 2020, the FASB issued ASU 2020-08, "Codification Improvements to Subtopic 310-20, Receivables - Nonrefundable Fees and Other Costs." This new guidance clarifies that an entity should reevaluate whether a callable debt security is within the scope of paragraph 310-20-35-33 for each reporting period. This new guidance is effective for fiscal years ending after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In January 2020, the FASB issued ASU 2020-01, "Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)." This new guidance clarifies the interaction of the accounting for equity securities, equity method investments, and certain forward contracts and purchased options. This new guidance is effective for fiscal years beginning after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes." This new guidance simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740 and by clarifying and amending existing guidance. This new guidance is effective for fiscal years beginning after December 15, 2020. We adopted this guidance, as required, in the first quarter of 2021, which did not have a material impact on our consolidated financial statements.</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Other Recent Accounting Pronouncements</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In August 2020, the FASB issued ASU 2020-06, "Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40)." This new guidance simplifies the accounting for convertible debt by reducing the number of accounting models to separately present certain conversion features in equity. This new guidance is effective for fiscal years beginning after December 31, 2021. Early adoption is permitted. We plan to adopt this new guidance by the required date and do not anticipate that this update will have a material impact on our consolidated financial statements.</span></div>In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." This new guidance provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. In January 2021, the FASB issued ASU 2021-01, "Reference Rate Reform (Topic 848): Scope." This new guidance clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. This new guidance is effective for all entities as of March 12, 2020 through December 31, 2022. We are currently evaluating the impact the adoption of this standard would have on our consolidated financial statements. Through March&#160;31, 2021, we have not elected to apply the optional expedients and exceptions to any of our existing contracts, hedging relationships, or other transactions.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_BalanceSheetNettingPolicyTextBlock', window );">Balance Sheet Netting</a></td>
<td class="text">Balance Sheet Netting Certain of our derivatives and short-term debt are subject to master netting arrangements or similar agreements. Under GAAP, in certain circumstances we may elect to present certain financial assets, liabilities and related collateral subject to master netting arrangements in a net position on our consolidated balance sheets. However, we do not report any of these financial assets or liabilities on a net basis, and instead present them on a gross basis on our consolidated balance sheets.For each category of financial instrument set forth in the table above, the assets and liabilities resulting from individual transactions within that category between us and a counterparty are subject to a master netting arrangement or similar agreement with that counterparty that provides for individual transactions to be aggregated and treated as a single transaction. For certain categories of these instruments, some of our transactions are cleared and settled through one or more clearinghouses that are substituted as our counterparty. References herein to master netting arrangements or similar agreements include the arrangements and agreements governing the clearing and settlement of these transactions through the clearinghouses. In the event of the termination and close-out of any of those transactions, the corresponding master netting agreement or similar agreement provides for settlement on a net basis. Any such settlement would include the proceeds of the liquidation of any corresponding collateral, subject to certain limitations on termination, settlement, and liquidation of collateral that may apply in the event of the bankruptcy or insolvency of a party. Such limitations should not inhibit the eventual practical realization of the principal benefits of those transactions or the corresponding master netting arrangement or similar agreement and any corresponding collateral.<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_BalanceSheetNettingPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Balance Sheet Netting</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_BalanceSheetNettingPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountingPoliciesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountingPoliciesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BasisOfAccountingPolicyPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BasisOfAccountingPolicyPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConsolidationPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting.  The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=109239629&amp;loc=d3e5614-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidationPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UseOfEstimates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=99393423&amp;loc=d3e6191-108592<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=99393423&amp;loc=d3e6161-108592<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=99393423&amp;loc=d3e6143-108592<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=99393423&amp;loc=d3e5967-108592<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=99393423&amp;loc=d3e6061-108592<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=99393423&amp;loc=d3e6132-108592<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=99393423&amp;loc=d3e5967-108592<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UseOfEstimates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>48
<FILENAME>R34.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774468958280">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Basis of Presentation (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>Organization, Consolidation and Presentation of Financial Statements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock', window );">Schedule of Finite-Lived Intangible Assets</a></td>
<td class="text">The table below presents the amortization period and carrying value of our intangible assets, net of accumulated amortization at March&#160;31, 2021 and December&#160;31, 2020. <div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 2.1 &#8211; Intangible Assets &#8211; Activity</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:34.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.316%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.316%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.316%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.321%"/><td style="width:0.1%"/></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Intangible Assets at Acquisition</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Accumulated Amortization at March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Carrying Value at March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Amortization Period (in years)</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Borrower network</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">45,300&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(9,437)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">35,863&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Broker network</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">18,100&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(7,542)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10,558&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Non-compete agreements</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9,500&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(5,222)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,278&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Tradenames</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2,194)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,806&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Developed technology</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,800&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,313)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">487&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Loan administration fees on existing loan assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,600&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2,600)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">81,300&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(28,308)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">52,992&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6</span></td></tr></table></div><div style="margin-bottom:6pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:34.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.316%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.316%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.316%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.321%"/><td style="width:0.1%"/></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Intangible Assets at Acquisition</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Accumulated Amortization at December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Carrying Value at December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Amortization Period (in years)</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Borrower network</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">45,300&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(7,819)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">37,481&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Broker network</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">18,100&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(6,637)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11,463&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Non-compete agreements</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9,500&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(4,431)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5,069&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Tradenames</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,860)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,140&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Developed technology</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,800&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,088)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">712&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Loan administration fees on existing loan assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,600&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2,600)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">81,300&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(24,435)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">56,865&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6</span></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock', window );">Finite-lived Intangible Assets Amortization Expense</a></td>
<td class="text">. Estimated future amortization expense is summarized in the table below. <div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 2.2 &#8211; Intangible Asset Amortization Expense by Year</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:77.788%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.318%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2021 (9 months)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,431&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,800&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2023</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,091&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,073&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025 and thereafter</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,597&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Future Intangible Asset Amortization</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,992&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16265-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>49
<FILENAME>R35.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774459056056">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_OffsettingAssetAndLiabilitiesTableTextBlock', window );">Offsetting of Financial Assets, Liabilities, and Collateral</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The table below presents financial assets and liabilities that are subject to master netting arrangements or similar agreements categorized by financial instrument, together with corresponding financial instruments and corresponding collateral received or pledged at March&#160;31, 2021 and December&#160;31, 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 3.1 &#8211; Offsetting of Financial Assets, Liabilities, and Collateral</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"><tr><td style="width:1.0%"/><td style="width:27.869%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.045%"/><td style="width:0.1%"/></tr><tr style="height:32pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts of Recognized Assets (Liabilities)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts Offset in Consolidated Balance Sheet</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts Not Offset in Consolidated <br/>Balance Sheet </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net Amount</span></td></tr><tr style="height:41pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">March 31, 2021 (In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Financial Instruments</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash Collateral (Received) Pledged</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Assets </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Interest rate agreements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">87,960&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">87,960&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(74,052)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,908&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">40,800&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">40,800&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(29,648)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8,696)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,456&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total Assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">128,760&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">128,760&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(29,648)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(82,748)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16,364&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Liabilities</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(35,621)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(35,621)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">29,648&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,973&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Futures</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,451)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,451)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,451&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loan warehouse debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(839,224)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(839,224)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">839,224&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Security repurchase agreements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(81,670)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(81,670)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">81,670&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(958,966)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(958,966)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">950,542&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,424&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"><tr><td style="width:1.0%"/><td style="width:27.869%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.042%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.045%"/><td style="width:0.1%"/></tr><tr style="height:32pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts of Recognized Assets (Liabilities)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts Offset in Consolidated Balance Sheet</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Gross Amounts Not Offset in Consolidated <br/>Balance Sheet </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net Amount</span></td></tr><tr style="height:41pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2020 (In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Financial Instruments</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash Collateral (Received) Pledged</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Assets </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Interest rate agreements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19,951&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19,951&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(7,769)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12,182&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,260&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,260&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13,423)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4,658)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">179&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total Assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">38,211&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">38,211&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13,423)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(12,427)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12,361&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Liabilities</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(15,495)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(15,495)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,423&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,061&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,011)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loan warehouse debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(137,269)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(137,269)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">137,269&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Security repurchase agreements</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(77,775)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(77,775)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">77,775&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(230,539)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(230,539)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">228,467&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,061&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,011)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Amounts presented in these columns are limited in total to the net amount of assets or liabilities presented in the prior column by instrument. In certain cases, there is excess cash collateral or financial assets we have pledged to a counterparty (which may, in certain circumstances, be a clearinghouse) that exceed the financial liabilities subject to a master netting arrangement or similar agreement. Additionally, in certain cases, counterparties may have pledged excess cash collateral to us that exceeds our corresponding financial assets. In each case, any of these excess amounts are excluded from the table although they are separately reported in our consolidated balance sheets as assets or liabilities, respectively.</span></div>(2)Interest rate agreements and TBAs are components of derivatives instruments on our consolidated balance sheets. Loan warehouse debt, which is secured by certain residential and business purpose loans, and security repurchase agreements are components of Short-term debt and Long-term debt on our consolidated balance sheets.<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_OffsettingAssetAndLiabilitiesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Offsetting Asset and Liabilities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_OffsettingAssetAndLiabilitiesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountingPoliciesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountingPoliciesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>50
<FILENAME>R36.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774467030152">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Principles of Consolidation (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>Organization, Consolidation and Presentation of Financial Statements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock', window );">Schedule of Consolidated VIEs</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents a summary of the assets and liabilities of these VIEs. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.1 &#8211; Assets and Liabilities of Consolidated VIEs Accounted for as Collateralized Financing Entities</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:24.038%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.904%"/><td style="width:0.1%"/></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Legacy <br/>Sequoia </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Sequoia <br/>Choice </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac<br/>K-Series</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Servicing Investment</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total<br/>Consolidated<br/>VIEs</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Residential loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,705,324&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Business purpose loans, held-for-investment</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Multifamily loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">225,723&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">225,723&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Cash and cash equivalents</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10,698&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10,698&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Restricted cash</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">148&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">29,518&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">29,666&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued interest receivable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">277&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,904&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13,528&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,560&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,338&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,191&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">29,798&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">597&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">12,341&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,860&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,125&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20,923&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">275,883&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,282,016&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,238,395&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,162,771&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">490,883&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">274,255&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">7,724,203&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Short-term debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">192,072&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">192,072&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued interest payable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">129&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,658&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10,412&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,669&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,208&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">114&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20,190&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued expenses and other liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">28&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">17,181&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">17,209&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Asset-backed securities issued</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">271,915&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,054,005&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,963,752&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,725,235&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">460,565&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,475,472&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">272,044&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,057,691&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,974,164&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,729,904&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">461,773&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">209,367&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,704,943&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Number of VIEs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">50&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:24.177%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.904%"/><td style="width:0.1%"/></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Legacy <br/>Sequoia </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Sequoia <br/>Choice </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac<br/>K-Series</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Servicing Investment</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total<br/>Consolidated<br/>VIEs</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Residential loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,565,322&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,072,410&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Business purpose loans, held-for-investment</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Multifamily loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">251,773&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">251,773&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Cash and cash equivalents</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">11,579&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">11,579&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Restricted cash</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">148&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">23,220&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">23,368&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued interest receivable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">305&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,802&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13,055&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,754&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,337&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,334&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">30,587&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">638&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,930&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">646&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,723&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">9,937&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">287,026&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,572,124&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,265,179&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,228,553&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">493,558&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">294,629&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,141,069&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Short-term debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">208,375&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">208,375&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued interest payable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">141&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,697&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10,278&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,846&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,177&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">135&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">21,274&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued expenses and other liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">50&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">18,353&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">18,403&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Asset-backed securities issued</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">282,326&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,347,357&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,013,093&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,793,620&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">463,966&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,900,362&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">282,467&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,352,104&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,023,371&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,798,466&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">465,143&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">226,863&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">7,148,414&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Number of VIEs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">50&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents income (loss) from these VIEs for the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.2 &#8211; Income (Loss) from Consolidated VIEs Accounted for as Collateralized Financing Entities</span></div><div style="margin-bottom:5pt;margin-top:11pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"><tr><td style="width:1.0%"/><td style="width:23.830%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.936%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="39" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Legacy <br/>Sequoia </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Sequoia <br/>Choice </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac<br/>K-Series</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Servicing Investment</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total<br/>Consolidated<br/>VIEs</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,348&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15,483&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20,159&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,786&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">48,873&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,222&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">94,871&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(875)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(12,106)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(14,468)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,356)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(39,011)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,286)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(72,102)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net interest income </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">473&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,377&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,691&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">430&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">9,862&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,936&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">22,769&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(699)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,898&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,117&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,921&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(286)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,246)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15,705&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total non-interest income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(699)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,898&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,117&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,921&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(286)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,246)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15,705&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">General and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(38)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(38)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(330)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(330)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Income from Consolidated VIEs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(226)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,275&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">9,808&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">9,351&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">9,576&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,322&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">38,106&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"><tr><td style="width:1.0%"/><td style="width:23.830%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.936%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="39" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Legacy <br/>Sequoia </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Sequoia <br/>Choice </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Freddie Mac<br/>K-Series</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Servicing Investment</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total<br/>Consolidated<br/>VIEs</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,194&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25,083&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">21,986&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">40,172&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">30,010&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,083&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">124,528&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(2,522)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(21,510)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(16,176)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(38,348)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(21,939)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,577)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(102,072)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net interest income </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">672&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,573&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,810&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,824&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,071&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,506&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">22,456&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(391)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(69,668)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(142,161)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(86,509)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(67,846)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(11,884)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(378,459)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total non-interest income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(391)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(69,668)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(142,161)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(86,509)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(67,846)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(11,884)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(378,459)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">General and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(31)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(31)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,882&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,882&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Income from Consolidated VIEs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">281&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(66,095)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(136,351)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(84,685)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(59,775)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(7,527)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(354,152)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock', window );">Securitization Activity Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood</a></td>
<td class="text"><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents information related to securitization transactions that occurred during the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.3 &#8211; Securitization Activity Related to Unconsolidated VIEs Sponsored by Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:67.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.761%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.763%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans transferred</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">875,879&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,573,703&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading securities retained, at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,549&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,362&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">AFS securities retained, at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,078&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,198&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock', window );">Cash Flows Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the cash flows during the three months ended March&#160;31, 2021 and 2020 between us and the unconsolidated VIEs sponsored by us and accounted for as sales since 2012.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.4 &#8211; Cash Flows Related to Unconsolidated VIEs Sponsored by Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:67.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.761%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.763%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Proceeds from new transfers</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">904,390&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,610,761&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSR fees received</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,607&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,690&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Funding of compensating interest, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(100)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(92)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash flows received on retained securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,629&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,581&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock', window );">Assumptions Related to Assets Retained from Unconsolidated Variable Interest Entity's Sponsored by Redwood</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the key weighted-average assumptions used to value securities retained at the date of securitization for securitizations completed during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.5 &#8211; Assumptions Related to Assets Retained from Unconsolidated VIEs Sponsored by Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:29.358%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:15.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:15.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.595%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">At Date of Securitization</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Senior IO Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate Securities</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Senior IO Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate Securities</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prepayment rates</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12 %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12 %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Discount rates</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15 %</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6 %</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit loss assumptions</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.22 %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.22 %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.21&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.22&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock', window );">Unconsolidated Variable Interest Entity's Sponsored by Redwood</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents additional information at March&#160;31, 2021 and December&#160;31, 2020, related to unconsolidated VIEs sponsored by Redwood and accounted for as sales since 2012.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.6 &#8211; Unconsolidated VIEs Sponsored by Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:64.129%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.592%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">On-balance sheet assets, at fair value:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest-only, senior and subordinate securities, classified as trading</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,692&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,982&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subordinate securities, classified as AFS</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">141,632&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">136,475&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage servicing rights</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,648&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,413&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Maximum loss exposure </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">170,972&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">165,870&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assets transferred:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans outstanding</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,188,320&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,728,432&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans 30+ days delinquent</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,671&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">138,029&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Maximum loss exposure from our involvement with unconsolidated VIEs pertains to the carrying value of our securities and MSRs retained from these VIEs and represents estimated losses that would be incurred under severe, hypothetical circumstances, such as if the value of our interests and any associated collateral declines to zero. This does not include, for example, any potential exposure to representation and warranty claims associated with our initial transfer of loans into a securitization.</span></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock', window );">Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated Variable Interest Entity's Sponsored by Redwood</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents key economic assumptions for assets retained from unconsolidated VIEs and the sensitivity of their fair values to immediate adverse changes in those assumptions at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.7 &#8211; Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated VIEs Sponsored by Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:60.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.986%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">MSRs</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Senior</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Securities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate Securities</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fair value at March 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,648&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,692&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">141,632&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expected life (in years)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prepayment speed assumption (annual CPR)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38 %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27 %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33 %</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10% adverse change</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">786&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,541&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">288&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25% adverse change</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,752&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,508&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">759&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Discount rate assumption</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12 %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19 %</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100 basis point increase</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">477&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,937&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200 basis point increase</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">346&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">930&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,961&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit loss assumption </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.40&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.40&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10% higher losses</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,519&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25% higher losses</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,187&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:60.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.986%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">MSRs</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Senior</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Securities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate Securities</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fair value at December 31, 2020</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,413&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,333&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">140,124&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expected life (in years)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prepayment speed assumption (annual CPR)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10% adverse change</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">906&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,557&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">452&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25% adverse change</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,058&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,754&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,298&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Discount rate assumption</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100 basis point increase</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">196&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">337&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,769&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200 basis point increase</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">380&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">659&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,650&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit loss assumption </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.41&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.41&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease in fair value from:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10% higher losses</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,409&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25% higher losses</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,915&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div><span><br/></span></div><div style="margin-bottom:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Senior securities included $22 million and $17 million of interest-only securities at March&#160;31, 2021 and December&#160;31, 2020, respectively. </span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Expected life, prepayment speed assumption, discount rate assumption, and credit loss assumption presented in the tables above represent weighted averages.</span></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock', window );">Schedule of Third-Party Sponsored VIE Summary</a></td>
<td class="text">The following table presents a summary of our interests in third-party VIEs at March&#160;31, 2021 and December&#160;31, 2020, grouped by asset type. <div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 4.8 &#8211; Third-Party Sponsored VIE Summary</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:64.129%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.592%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage-Backed Securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Senior </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,888&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,131&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mezzanine</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,014&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subordinate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">191,108&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">173,523&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Mortgage-Backed Securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200,996&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">186,668&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSR</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,267&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,133&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Investments in Third-Party Sponsored VIEs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">214,263&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200,801&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash Flows between a transferor and a transferee attributable to transferred assets related to either a securitization 0r asset-backed financing arrangement in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Schedule of Third-Party Sponsored VIE Summary [Table Text Block]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of a transferor's continuing involvement with financial assets transferred to a transferee in a securitization, asset-backed financing arrangement, or similar transfer. Such disclosure would, at a minimum, contain information allowing for an assessment of the reasons for the transferor's continuing involvement, the risks related to the transferred financial assets to which the transferor continues to be exposed, and the extent of change to the transferor's risk profile due to the transfer (including, but not limited to, credit risk, interest rate risk, other).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of all information related to the key inputs and assumptions used in measuring the fair value of assets obtained or liabilities incurred, as the result of a sale of financial assets, relating to the transferor's continuing involvement, if any, at the time of securitization, asset-backed financing arrangement, or similar transfer (including at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses, including expected static pool losses).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107207-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of amounts pertaining to the excess over or deficiency from the carrying amounts of financial assets which are recognized upon the sale of financial assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (b)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107207-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of a sensitivity analysis or stress test showing the hypothetical effect on the fair value of the transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) of two or more unfavorable variations from the expected levels for each key assumption that is reported, independently determined from any change in another key assumption, and a description of the objectives, methodology, and limitations of the sensitivity analysis or stress test.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5A<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=SL6759159-111685<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5747-111685<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=SL6228884-111685<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5728-111685<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfVariableInterestEntitiesTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>51
<FILENAME>R37.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774469076616">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value of Financial Instruments (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresAbstract', window );"><strong>Fair Value Disclosures [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByBalanceSheetGroupingTextBlock', window );">Carrying Values and Fair Values of Assets and Liabilities</a></td>
<td class="text"><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the carrying values and estimated fair values of assets and liabilities that are required to be recorded or disclosed at fair value at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.1 &#8211; Carrying Values and Fair Values of Assets and Liabilities</span></div><div style="margin-bottom:11pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:49.386%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.582%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.582%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.582%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.588%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Carrying<br/>Value</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Carrying<br/>Value</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Residential loans, held-for-sale at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">996,476&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">996,476&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">176,604&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">176,604&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Residential loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,705,324&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,705,324&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,072,410&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,072,410&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Business purpose loans, held-for-sale</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Business purpose loans, held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,839,010&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,839,010&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,890,959&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,890,959&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Multifamily loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">364,320&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">364,320&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">344,125&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">344,125&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Servicer advance investments </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">206,525&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">206,525&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">231,489&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">231,489&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">MSRs </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,945&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,945&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,815&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,815&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Excess MSRs </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">32,465&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">32,465&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">34,418&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">34,418&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Shared home appreciation options</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">45,823&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">45,823&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">42,440&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">42,440&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash and cash equivalents</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">426,019&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">426,019&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">461,260&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">461,260&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Restricted cash</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">95,775&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">95,775&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">83,190&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">83,190&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Derivative assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">129,924&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">129,924&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">53,238&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">53,238&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">REO </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,829&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,176&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,413&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,229&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Margin receivable</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16,283&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16,283&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,758&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,758&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">FHLBC stock </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Pledged collateral</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,177&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,177&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Short-term debt </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,253,882&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,253,882&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">522,609&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">522,609&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Margin payable </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">84,306&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">84,306&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Guarantee obligation </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,238&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,782&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,039&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,843&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Derivative liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">73,178&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">73,178&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16,072&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16,072&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">ABS issued, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,475,472&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,475,472&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,900,362&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,900,362&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Amortized cost</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">196,205&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">200,157&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">200,299&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">204,892&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">FHLBC long-term borrowings</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other long-term debt, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">786,869&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">793,421&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">774,726&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">783,570&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Convertible notes, net </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">511,707&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">522,423&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">511,085&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">499,865&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trust preferred securities and subordinated notes, net </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">138,686&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">97,650&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">138,674&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">80,910&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">These investments are included in Other investments on our consolidated balance sheets.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">These assets are included in Other assets on our consolidated balance sheets.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">These liabilities are included in Accrued expenses and other liabilities on our consolidated balance sheets.</span></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock', window );">Assets and Liabilities Measured at Fair Value on Recurring Basis</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the assets and liabilities that are reported at fair value on our consolidated balance sheets on a recurring basis at March&#160;31, 2021 and December&#160;31, 2020, as well as the fair value hierarchy of the valuation inputs used to measure fair value.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.2 &#8211; Assets and Liabilities Measured at Fair Value on a Recurring Basis </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:47.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.987%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying<br/>Value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair Value Measurements Using</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 1</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 2</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 3</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,701,800&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,701,800&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,172,120&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,172,120&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">364,320&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">364,320&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">206,525&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">206,525&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSRs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,945&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,945&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,465&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,465&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,823&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,823&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">129,924&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,800&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">87,960&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,164&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FHLBC stock</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73,178&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,072&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,106&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ABS issued</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,475,472&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,475,472&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:47.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.987%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying<br/>Value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair Value Measurements Using</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 1</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 2</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 3</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,249,014&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,249,014&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,136,353&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,136,353&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">344,125&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">344,125&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">231,489&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">231,489&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSRs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,815&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,815&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,418&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,418&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,440&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,440&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53,238&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,260&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,951&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,027&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pledged collateral</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,177&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,177&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FHLBC stock</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,072&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,495&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">577&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ABS issued</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,900,362&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,900,362&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock', window );">Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents additional information about Level 3 assets and liabilities measured at fair value on a recurring basis for the three months ended March&#160;31, 2021.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.3 &#8211; Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis </span></div><div style="margin-bottom:5pt;margin-top:17pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.444%"><tr><td style="width:1.0%"/><td style="width:14.682%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.698%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.698%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.838%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.419%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.860%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.397%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.302%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.419%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.405%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="51" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Residential Loans</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Business Purpose<br/>Loans</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Multifamily Loans</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Trading Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">AFS <br/>Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Servicer Advance Investments</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">MSRs</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Excess MSRs</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Shared Home Appreciation Options</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:26pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Beginning balance -<br/>&#160;&#160;&#160;December 31, 2020</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,249,014&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,136,353&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">125,667&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">218,458&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">231,489&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,815&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">34,418&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">42,440&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Acquisitions</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,146,682&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22,429&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,078&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Originations</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">386,327&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Sales</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,348,126)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8,877)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(23,546)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,200)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Principal paydowns</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(369,393)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(282,289)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,946)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(509)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11,238)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(24,804)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,932)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Gains (losses) in net income (loss), net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">24,898&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(45,987)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(730)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21,349&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,596&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(160)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(870)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,953)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,315&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Unrealized losses in OCI, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,236&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other settlements, net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,275)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13,407)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Ending balance - <br/>&#160;&#160;&#160;March 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,701,800&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,172,120&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">145,390&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">218,930&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">206,525&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,945&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">32,465&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">45,823&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.3 &#8211; Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis (continued)</span></div><div style="margin-bottom:5pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:72.788%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.261%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.263%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Liabilities</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Derivatives </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">ABS<br/>Issued</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Beginning balance - December 31, 2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14,450&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,900,362&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Acquisitions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">147,086&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Principal paydowns</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(494,234)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Gains (losses) in net income (loss), net</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(52,761)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(77,742)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other settlements, net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,369&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Ending balance - March 31, 2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(33,942)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,475,472&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)&#160;&#160;&#160;&#160;Other settlements, net for residential and business purpose loans represents the transfer of loans to REO, and for derivatives, the settlement of forward sale commitments and the transfer of the fair value of loan purchase or interest rate lock commitments at the time loans are acquired to the basis of residential and single-family rental loans. </span></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)&#160;&#160;&#160;&#160;For the purpose of this presentation, derivative assets and liabilities, which consist of loan purchase commitments and interest rate lock commitments, are presented on a net basis.</span></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock', window );">Portion of Net Gains (Losses) Attributable to Level 3 Assets and Liabilities Still Held and Included in Net Income</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the portion of gains or losses included in our consolidated statements of income (loss) that were attributable to Level 3 assets and liabilities recorded at fair value on a recurring basis and held at March&#160;31, 2021 and 2020. Gains or losses incurred on assets or liabilities sold, matured, called, or fully written down during the three months ended March&#160;31, 2021 and 2020 are not included in this presentation.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.4 &#8211; Portion of Net Gains (Losses) Attributable to Level 3 Assets and Liabilities Still Held at March&#160;31, 2021 and 2020 Included in Net Income</span></div><div style="margin-bottom:5pt;margin-top:3pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.483%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.485%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Included in Net Income</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans at Redwood</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,978)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(102,867)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,104&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(68,864)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in consolidated Sequoia entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,201&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(179,499)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in consolidated Freddie Mac SLST entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,088&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(193,035)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in consolidated Freddie Mac K-Series entity </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,921&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10,351)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in consolidated CAFL entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">370&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(271,917)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">490&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(136,359)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(160)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6,062)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSRs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">756&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16,640)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,952)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,494)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,315&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7,554)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan purchase and interest rate lock commitments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,053&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan purchase commitments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(35,661)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,967)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Contingent consideration</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(312)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)&#160;&#160;&#160;&#160;Represents the portion of net gains or losses included in our consolidated statements of income (loss) related to loans and the associated ABS issued at our consolidated securitization entities held at March&#160;31, 2021 and 2020, which netted together represent the change in value of our investments at the consolidated VIEs, excluding REO.</span></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock', window );">Assets and Liabilities Measured at Fair Value on Non-Recurring Basis</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents information on assets recorded at fair value on a non-recurring basis at March&#160;31, 2021. This table does not include the carrying value and gains or losses associated with the asset types below that were not recorded at fair value on our consolidated balance sheets at March&#160;31, 2021.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.5 &#8211; Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis at March&#160;31, 2021 </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:43.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.156%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gain (Loss) for</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying <br/>Value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair Value Measurements Using</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Three Months Ended</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 1</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 2</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 3</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">REO</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,316&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,316&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock', window );">Market Valuation Gains and Losses, Net</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the net market valuation gains and losses recorded in each line item of our consolidated statements of income for the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.6 &#8211; Market Valuation Gains and Losses, Net</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.483%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.483%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.485%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mortgage Banking Activities, Net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans held-for-sale, at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,112&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,480)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loan purchase and forward sale commitments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(52,385)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,435&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Single-family rental loans held-for-sale, at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,248&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,467&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Single-family rental loan purchase and interest rate lock commitments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">341&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bridge loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,044&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,934)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading securities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">721&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk management derivatives, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">92,822&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(52,832)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total mortgage banking activities, net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">75,562&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(37,003)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Investment Fair Value Changes, Net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans at Redwood</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">317&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(93,636)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Single-family rental loans held-for-investment</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,028)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bridge loans held-for-investment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,304&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(38,602)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,628&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(263,325)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(160)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6,062)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,953)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,494)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in Legacy Sequoia entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(699)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(391)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in Sequoia Choice entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,898&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(69,669)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in Freddie Mac SLST entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,117&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(142,162)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investment in Freddie Mac K-Series entity </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,921&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(86,509)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investments in CAFL entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(286)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(67,846)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,315&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7,554)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">310&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,887)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk management derivatives, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(59,142)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit recoveries (losses) on AFS securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">375&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,525)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,087&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(870,832)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other Income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSRs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(866)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(18,608)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk management derivatives, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,966&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total other income </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(866)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,642)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Market Valuation Gains (Losses), Net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">119,783&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(912,477)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">(1)</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt">Represents fair value changes on trading securities that are being used along with risk management derivatives to manage the mark-to-market risks associated with our residential mortgage banking operations.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">(2)</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt">Mortgage banking activities, net presented above does not include fee income from loan originations or acquisitions, provisions for repurchases expense, and other expenses that are components of Mortgage banking activities, net presented on our consolidated statements of income (loss), as these amounts do not represent market valuation changes.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%;padding-left:8.09pt">Includes changes in fair value of the residential loans held-for-investment, REO and the ABS issued at the entities, which netted together represent the change in value of our investments at the consolidated VIEs.</span></div>(4)Other income presented above does not include net MSR fee income or provisions for repurchases for MSRs, as these amounts do not represent market valuation adjustments.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock', window );">Quantitative Information about Significant Unobservable Inputs Used in Valuation of Level 3 Assets and Liabilities Measured at Fair Value</a></td>
<td class="text">The following table provides quantitative information about the significant unobservable inputs used in the valuation of our Level 3 assets and liabilities measured at fair value.<div style="margin-bottom:9pt;margin-top:3pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.7 &#8211; Fair Value Methodology for Level 3 Financial Instruments</span></div><div style="margin-bottom:14pt;margin-top:8pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:24.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.761%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:27.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.261%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.466%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.261%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.483%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.538%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.488%"/><td style="width:0.1%"/></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Input Values</span></td></tr><tr style="height:24pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands, except Input Values)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Unobservable Input</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Range</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Average</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assets</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Residential loans, at fair value:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Jumbo fixed-rate loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">422,819&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Whole loan spread to TBA price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.75&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.75&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.75&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Whole loan spread to swap rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">250&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">250&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">250&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Jumbo loans committed to sell</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">573,657&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Whole loan committed sales price</span></td><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.68&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">103.28&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101.50&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loans held by Legacy Sequoia </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Liability price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loans held by Sequoia Choice </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Liability price</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loans held by Freddie Mac SLST </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Liability price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Business purpose loans:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Single-family rental loans</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Senior credit spread</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">75&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">75&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">75&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Subordinate credit spread</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">120&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,598&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">312&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Senior credit support</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">IO discount rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Non-securitizable loan dollar price</span></td><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">86&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">102&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Single-family rental loans held by CAFL</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Liability price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Bridge loans</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:125%">Multifamily loans held by Freddie Mac K-Series </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:125%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Liability price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Trading and AFS securities</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">364,320&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Default rate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">CRT dollar price</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">112&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">98&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">206,525&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Expected remaining life </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">years</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">years</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Mortgage servicing income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">MSRs</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,945&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Per loan annual cost to service</span></td><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,465&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Excess mortgage servicing income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">bps</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 5.7 &#8211; Fair Value Methodology for Level 3 Financial Instruments (continued)</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:24.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.761%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:27.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.261%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.466%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.261%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.483%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.538%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.488%"/><td style="width:0.1%"/></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Input Values</span></td></tr><tr style="height:26pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands, except Input Values)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Unobservable Input</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Range</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Average </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets (continued)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,823&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Home price appreciation</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">REO</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,316&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53 %</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Residential loan purchase commitments, net </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,942&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Committed sales price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">98.53&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">102.15&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.13&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Pull-through rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">76&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Whole loan spread to TBA price</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.75&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.75&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.75&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Whole loan spread to swap rate </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">250&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">250&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">bps</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">250&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">bps</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">MSR multiple</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">x</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">x</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">ABS issued </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">:</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">At consolidated Sequoia entities</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,325,920&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;% </span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Default rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;%</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">At consolidated Freddie Mac SLST entities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,725,235&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Default rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">At consolidated Freddie Mac K-Series entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">460,565&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;% </span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">At consolidated CAFL entities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,963,752&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Discount rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepayment rate (annual CPR)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Default rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The weighted average input values for all loan types are based on the unpaid principal balance. The weighted average input values for all other assets and liabilities are based on relative fair value. </span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities. At March&#160;31, 2021, the fair value of securities we owned at the consolidated Sequoia, Freddie Mac SLST, Freddie Mac K-Series, and CAFL entities was $226 million, $431 million, $29 million, and $261 million, respectively.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:8.68pt">Represents the estimated average duration of outstanding servicer advances at a given point in time (not taking into account new advances made with respect to the pool). </span></div>(4)As a market convention, certain securities are priced to a no-loss yield and therefore do not include default and loss severity assumptions.<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure for the total amount of market valuation adjustments for the period which are included in earnings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (bbb)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (bbb)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19279-110258<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByBalanceSheetGroupingTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=121572278&amp;loc=d3e13467-108611<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByBalanceSheetGroupingTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueDisclosuresAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueDisclosuresAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>52
<FILENAME>R38.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774470325752">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Residential Loans (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesAbstract', window );"><strong>Receivables [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_CarryingValueOfLoansTableTextBlock', window );">Classifications and Carrying Value of Loans</a></td>
<td class="text">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 March&#160;31, 2021 and December&#160;31, 2020.<div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.1 &#8211; Classifications and Carrying Values of Residential Loans</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:29.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.099%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,705,324&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Residential Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,701,836&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:29.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.099%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,565,322&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,072,410&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Residential Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,565,322&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,249,051&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>The following table summarizes the classifications and carrying values of the business purpose loans owned at Redwood and at consolidated CAFL entities at March&#160;31, 2021 and December&#160;31, 2020.<div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.1 &#8211; Classifications and Carrying Values of Business Purpose Loans</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.583%"><tr><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.662%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,839,010&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Business Purpose Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,172,120&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.583%"><tr><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.662%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641,765&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,890,959&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Business Purpose Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641,765&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,136,353&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of business purpose loans at Redwood during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.2 &#8211; Activity of Business Purpose Loans at Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:51.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.152%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SFR at Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SFR at Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans originated</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">253,098&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">133,229&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">260,129&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">227,368&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans sold to third parties </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,877&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,148&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,735&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fair value of loans transferred from HFS to HFI </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">169,404&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">378,109&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage banking activities income (loss) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,248&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">542&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,330&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(164)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,304&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,028)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(38,602)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">During the three months ended March&#160;31, 2021 and 2020, we transferred $169 million and $378 million of single-family rental loans, respectively, from held-for-sale to held-for-investment associated with one and one CAFL securitizations, respectively.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents origination fees and net market valuation changes from the time a loan is originated to when it is sold or transferred to our investment portfolio. For the three months ended March&#160;31, 2021 and 2020, we recorded loan origination fee income of $6 million and $8 million, respectively, through Mortgage banking activities, net on our consolidated statements of income (loss).</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents net market valuation changes for loans classified as held-for-investment.</span></div>The following table provides the activity of single-family rental loans held-for-investment at CAFL during the threes ended March&#160;31, 2021 and 2020. <div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.3 &#8211; Activity of Single-Family Rental Loans Held-for-Investment at CAFL</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(60,901)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(271,917)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For loans held at our consolidated CAFL entities, market value changes are based on the estimated fair value of the associated ABS issued, including securities we own, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investments in these securitization entities is presented in Table 4.2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following tables summarize the characteristics of the business purpose loans owned at Redwood and at consolidated CAFL entities at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.4 &#8211; Characteristics of Business Purpose Loans </span></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:56.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.374%"/><td style="width:0.1%"/></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Bridge</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">77&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,120&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,097&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">322,181&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,029,498&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">629,934&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average coupon</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.84&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.41&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.93&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average remaining loan term (years)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under short-term debt facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74,733&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90,096&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under long-term debt facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">228,125&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">522,050&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,883&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57,985&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,850&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,676&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,556&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,976&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,234&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,424&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans in foreclosure</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,808&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,183&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:56.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.374%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td></tr><tr style="height:23pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,094&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,725&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">234,475&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,017,137&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">649,532&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641,765&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average coupon</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.84&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.44&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.09&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average remaining loan term (years)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under short-term debt facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,098&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">92,931&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under long-term debt facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">154,774&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">544,151&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,127&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61,440&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,415&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,143&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,605&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,745&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,552&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans in foreclosure</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,066&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The number of loans greater than 90 days delinquent includes loans in foreclosure.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities.</span></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock', window );">Characteristics of Residential Loans Held-For-Sale</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the characteristics of residential loans held-for-sale at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.2 &#8211; Characteristics of Residential Loans Held-for-Sale</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:61.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.816%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.819%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,115&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">198&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">990,841&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">172,748&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under short-term borrowing agreements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">926,076&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">156,355&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,882&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,882&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,223&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,223&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock', window );">Quarterly Activity of Residential Loans Held-for-Sale</a></td>
<td class="text"><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of residential loans held-for-sale during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.3 &#8211; Activity of Residential Loans Held-for-Sale</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal balance of loans acquired</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,096,048&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,629,908&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal balance of loans sold</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,275,832&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,656,719&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,429&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,480)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Net market valuation gains (losses) on residential loans held-for-sale are recorded primarily through Mortgage banking activities, net on our consolidated statements of income (loss).</span></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock', window );">Characteristics of Residential Loans Held-for-Investment</a></td>
<td class="text">The following tables summarize the characteristics of the residential loans owned at consolidated Sequoia and Freddie Mac SLST entities at March&#160;31, 2021 and December&#160;31, 2020.<div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.4 &#8211; Characteristics of Residential Loans Held-for-Investment</span></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:58.483%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.681%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,814&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,780&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,294&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">314,243&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,264,645&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,184,111&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">68&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,982&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,831&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54,546&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">362,785&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">251&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,214&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,248&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,044&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:58.483%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.681%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,908&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,177&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,605&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,474&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,550,454&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,247,771&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,565,322&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,110&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,285&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74,742&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">389,245&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,939&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,251&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,610&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For loans held at consolidated entities, the number of loans greater than 90 days delinquent includes loans in foreclosure.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities.</span></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock', window );">Quarterly Activity of Residential Loans Held-for-Investment</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of residential loans held-for-investment at Redwood during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.5 &#8211; Activity of Residential Loans Held-for-Investment at Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans transferred from HFS to HFI</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,258&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans transferred from HFI to HFS</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,870,986&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(93,636)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Subsequent to the transfer of these loans to our investment portfolio, net market valuation gains (losses) on residential loans held-for-investment at Redwood are recorded through Investment fair value changes, net on our consolidated statements of income (loss).</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of residential loans held-for-investment at consolidated entities during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.6 &#8211; Activity of Residential Loans Held-for-Investment at Consolidated Entities</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:27.650%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.153%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Freddie Mac</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Freddie Mac</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">SLST</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,613&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,578)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,566)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(69,014)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(110,485)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(193,020)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For loans held at our consolidated Legacy Sequoia, Sequoia Choice, and Freddie Mac SLST entities, market value changes are based on the estimated fair value of the associated ABS issued, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investments in these securitization entities is presented in Table 4.2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_CarryingValueOfLoansTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the net carrying value for loans by entity as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_CarryingValueOfLoansTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Characteristics of Residential Loans Held-for-Investment</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Characteristics of Residential Loans Held-For-Sale</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Quarterly Activity of Residential Loans Held-for-Investment</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Quarterly Activity of Residential Loans Held-for-Sale</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReceivablesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>53
<FILENAME>R39.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457373368">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Business Purpose Loans (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesAbstract', window );"><strong>Receivables [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_CarryingValueOfLoansTableTextBlock', window );">Classifications and Carrying Value of Loans</a></td>
<td class="text">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 March&#160;31, 2021 and December&#160;31, 2020.<div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 6.1 &#8211; Classifications and Carrying Values of Residential Loans</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:29.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.099%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,705,324&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Residential Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996,512&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276,112&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,701,836&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:29.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.099%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,565,322&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,072,410&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Residential Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,641&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,565,322&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,249,051&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>The following table summarizes the classifications and carrying values of the business purpose loans owned at Redwood and at consolidated CAFL entities at March&#160;31, 2021 and December&#160;31, 2020.<div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.1 &#8211; Classifications and Carrying Values of Business Purpose Loans</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.583%"><tr><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.662%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,839,010&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Business Purpose Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,172,120&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.583%"><tr><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.660%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.662%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-investment at fair value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641,765&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,890,959&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Business Purpose Loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641,765&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,136,353&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of business purpose loans at Redwood during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.2 &#8211; Activity of Business Purpose Loans at Redwood</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:51.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.150%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.152%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SFR at Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">SFR at Redwood</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans originated</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">253,098&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">133,229&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">260,129&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">227,368&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance of loans sold to third parties </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,877&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,148&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,735&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fair value of loans transferred from HFS to HFI </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">169,404&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">378,109&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage banking activities income (loss) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,248&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">542&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,330&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(164)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,304&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,028)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(38,602)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">During the three months ended March&#160;31, 2021 and 2020, we transferred $169 million and $378 million of single-family rental loans, respectively, from held-for-sale to held-for-investment associated with one and one CAFL securitizations, respectively.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents origination fees and net market valuation changes from the time a loan is originated to when it is sold or transferred to our investment portfolio. For the three months ended March&#160;31, 2021 and 2020, we recorded loan origination fee income of $6 million and $8 million, respectively, through Mortgage banking activities, net on our consolidated statements of income (loss).</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents net market valuation changes for loans classified as held-for-investment.</span></div>The following table provides the activity of single-family rental loans held-for-investment at CAFL during the threes ended March&#160;31, 2021 and 2020. <div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.3 &#8211; Activity of Single-Family Rental Loans Held-for-Investment at CAFL</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(60,901)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(271,917)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For loans held at our consolidated CAFL entities, market value changes are based on the estimated fair value of the associated ABS issued, including securities we own, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investments in these securitization entities is presented in Table 4.2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following tables summarize the characteristics of the business purpose loans owned at Redwood and at consolidated CAFL entities at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 7.4 &#8211; Characteristics of Business Purpose Loans </span></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:56.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.374%"/><td style="width:0.1%"/></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Bridge</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">77&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,120&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,097&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">322,181&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,029,498&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">629,934&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333,110&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212,526&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">626,484&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average coupon</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.84&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.41&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.93&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average remaining loan term (years)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under short-term debt facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74,733&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90,096&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under long-term debt facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">228,125&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">522,050&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,883&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57,985&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,850&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,676&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,556&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,976&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,234&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,424&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans in foreclosure</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,808&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,183&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:56.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.374%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at Redwood</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Single-Family Rental at CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bridge</span></td></tr><tr style="height:23pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,094&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,725&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">234,475&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,017,137&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">649,532&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,394&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,249,194&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">641,765&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average coupon</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.84&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.44&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.09&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average remaining loan term (years)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under short-term debt facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,098&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">92,931&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Market value of loans pledged as collateral under long-term debt facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">154,774&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">544,151&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,127&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61,440&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,415&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans with 90+ day delinquencies </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,143&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,605&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance of loans in foreclosure</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,745&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,552&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans in foreclosure</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,066&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The number of loans greater than 90 days delinquent includes loans in foreclosure.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_CarryingValueOfLoansTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the net carrying value for loans by entity as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_CarryingValueOfLoansTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReceivablesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>54
<FILENAME>R40.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457321432">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Multifamily Loans (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesAbstract', window );"><strong>Receivables [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ScheduleOfMultifamilyLoansTableTextBlock', window );">Schedule of Multifamily Loans</a></td>
<td class="text">The following table summarizes the characteristics of the multifamily loans consolidated at Redwood at March&#160;31, 2021 and December&#160;31, 2020.<div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 8.1 &#8211; Characteristics of Multifamily Loans</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:61.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.816%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.819%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unpaid principal balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">460,861&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">462,808&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average coupon</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.25&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.25&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average remaining loan term (years)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</span></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Delinquency information</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans with 90+ day delinquencies</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Number of loans in foreclosure</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The outstanding multifamily loans held-for-investment at the consolidated Freddie Mac K-Series entity at March&#160;31, 2021 were first-lien, fixed-rate loans that were originated in 2015. The following table provides the activity of multifamily loans held-for-investment during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 8.2 &#8211; Activity of Multifamily Loans Held-for-Investment</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(730)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(82,431)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Net market valuation gains (losses) on multifamily loans held-for-investment are recorded through Investment fair value changes, net on our consolidated statements of income (loss). For loans held at our consolidated Freddie Mac K-Series entity, market value changes are based on the estimated fair value of the associated ABS issued, including securities we own, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investment in these securitization entities is presented in Table 4.2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ScheduleOfMultifamilyLoansTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Schedule of Multifamily Loans</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ScheduleOfMultifamilyLoansTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReceivablesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>55
<FILENAME>R41.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774459229432">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Real Estate Securities (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract', window );"><strong>Investments, Debt and Equity Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock', window );">Fair Values of Real Estate Securities by Type</a></td>
<td class="text">The following table presents the fair values of our real estate securities by type at March&#160;31, 2021 and December&#160;31, 2020.<div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.1 &#8211; Fair Values of Real Estate Securities by Type </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">145,390&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">125,667&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Available-for-sale</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">218,930&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">218,458&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Real Estate Securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">364,320&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">344,125&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock', window );">Trading Securities by Collateral Type</a></td>
<td class="text">The following table presents the fair value of trading securities by position and collateral type at March&#160;31, 2021 and December&#160;31, 2020.<div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.2 &#8211; Fair Value of Trading Securities by Position </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Senior </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest-only securities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,580&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,464&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Senior</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,580&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,464&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mezzanine</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sequoia securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,649&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Mezzanine</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,649&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">RPL securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">59,958&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47,448&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,437&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,592&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other third-party residential securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,415&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,514&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Subordinate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">113,810&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93,554&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Trading Securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">145,390&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">125,667&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Includes $18 million and $13 million of Sequoia certificated mortgage servicing rights at March&#160;31, 2021 and December&#160;31, 2020, respectively.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the unpaid principal balance of trading securities by position and collateral type at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.3 &#8211; Unpaid Principal Balance of Trading Securities by Position </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Senior </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mezzanine</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,577&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subordinate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">225,762&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">242,278&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Trading Securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">225,762&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245,855&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our senior trading securities include interest-only securities, for which there is no principal balance.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of trading securities during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.4 &#8211; Trading Securities Activity</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal balance of securities acquired</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,880&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56,471&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Principal balance of securities sold</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,743&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">618,867&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net market valuation gains (losses) recorded </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,349&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(263,325)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Net market valuation gains (losses) on trading securities are recorded through Investment fair value changes, net and Mortgage banking activities, net on our consolidated statements of income (loss).</span></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock', window );">Available-for-Sale Securities by Collateral Type</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the fair value of our available-for-sale securities by position and collateral type at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.5 &#8211; Fair Value of Available-for-Sale Securities by Position </span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mezzanine</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other third-party residential securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,014&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Mezzanine</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,014&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sequoia securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">141,632&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">136,475&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,647&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,663&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other third-party residential securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,651&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36,306&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Subordinate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">218,930&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">216,444&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total AFS Securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">218,930&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">218,458&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the activity of available-for-sale securities during the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.6 &#8211; Available-for-Sale Securities Activity</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of securities acquired</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,078&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,181&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fair value of securities sold</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,200&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46,457&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net realized gains recorded </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,852&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock', window );">Carrying Value of Residential Available for Sale Securities</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the components of carrying value (which equals fair value) of AFS securities at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.7 &#8211; Carrying Value of AFS Securities</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:56.400%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.374%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mezzanine</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">273,595&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">273,595&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit reserve</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(44,947)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(44,947)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Unamortized discount, net</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(94,188)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(94,188)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortized cost</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">134,460&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">134,460&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross unrealized gains</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84,735&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84,735&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross unrealized losses</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(252)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(252)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">CECL allowance</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying Value</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">218,930&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">218,930&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:56.400%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.374%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mezzanine</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal balance</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,000&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">281,284&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">283,284&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit reserve</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(44,967)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(44,967)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Unamortized discount, net</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(95,718)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(95,718)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortized cost</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,000&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">140,599&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">142,599&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross unrealized gains</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">77,280&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">77,294&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross unrealized losses</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,047)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,047)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">CECL allowance</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(388)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(388)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying Value</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,014&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">216,444&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">218,458&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock', window );">Changes of Unamortized Discount and Designated Credit Reserves on Residential Available for Sale Securities</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the changes for the three months ended March&#160;31, 2021, in unamortized discount and designated credit reserves on residential AFS securities.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.8 &#8211; Changes in Unamortized Discount and Designated Credit Reserves on AFS Securities</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:64.177%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.569%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Credit<br/>Reserve</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Unamortized<br/>Discount, Net</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Beginning balance</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,967&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">95,718&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization of net discount</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,614)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized credit losses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(137)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisitions</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,935&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">840&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sales, calls, other</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(274)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,300)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfers to (release of) credit reserves, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,544)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,544&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Ending Balance</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,947&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94,188&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock', window );">Components of Fair Value of Available for Sale Securities by Holding Periods</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the components comprising the total carrying value of residential AFS securities that were in a gross unrealized loss position at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.9 &#8211; Components of Fair Value of AFS Securities by Holding Periods </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.444%"><tr><td style="width:1.0%"/><td style="width:33.536%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.101%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Less Than 12 Consecutive Months</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12 Consecutive Months or Longer</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amortized<br/>Cost</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Unrealized<br/>Losses</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amortized<br/>Cost</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Unrealized <br/>Losses</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">March 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">490&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">488&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,421&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(250)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,158&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">December 31, 2020</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,129&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,047)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,920&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock', window );">Summary of Significant Valuation Assumptions for Available for Sale Securities Credit Loss</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The table below summarizes the weighted average of the significant credit quality indicators we used for the credit loss allowance on our AFS securities at March&#160;31, 2021. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.10 &#8211; Significant Credit Quality Indicators</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:85.011%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.095%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Subordinate Securities</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Default rate</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.7%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loss severity</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24%</span></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock', window );">Activity of Allowance for Credit Losses for Available-for-sale Securities</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table details the activity related to the allowance for credit losses for AFS securities for the three months ended March&#160;31, 2021.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.11 &#8211; Rollforward of Allowance for Credit Losses</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:79.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.651%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Beginning balance allowance for credit losses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">388&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Additions to allowance for credit losses on securities for which credit losses were not previously recorded</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Additional increases (decreases) to the allowance for credit losses on securities that had an allowance recorded in a previous period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(375)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Allowance on purchased financial assets with credit deterioration</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reduction to allowance for securities sold during the period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reduction to allowance for securities we intend to sell or more likely than not will be required to sell</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Write-offs charged against allowance</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Recoveries of amounts previously written off</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Ending balance of allowance for credit losses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealizedGainLossOnInvestmentsTableTextBlock', window );">Gross Realized Gains and Losses on Available for Sale Securities</a></td>
<td class="text">The following table presents the gross realized gains and losses on sales and calls of AFS securities for the three months ended March&#160;31, 2021 and 2020.<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 9.12 &#8211; Gross Realized Gains and Losses on AFS Securities</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:69.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.927%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.930%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross realized gains - sales</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,705&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross realized gains - calls</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,408&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross realized losses - sales</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,853)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Realized Gains on Sales and Calls of AFS Securities, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,608&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,852&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of fair value and investments in debt and marketable equity securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the significant valuation assumptions used by management for credit loss allowance on available for sale securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the changes in the unamortized discount and designated credit reserves on Available for Sale securities for the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922900-210455<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -URI http://asc.fasb.org/topic&amp;trid=2196928<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=121590138&amp;loc=SL82922954-210456<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27290-111563<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922888-210455<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealizedGainLossOnInvestmentsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of realized gains and losses on investments reported in the statement of income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealizedGainLossOnInvestmentsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>56
<FILENAME>R42.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457045288">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Other Investments (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsAllOtherInvestmentsAbstract', window );"><strong>Investments, All Other Investments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SummaryOfOtherInvestmentsTableTextBlock', window );">Summary of Other Investments</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other investments at March&#160;31, 2021 and December&#160;31, 2020 are summarized in the following table.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 10.1 &#8211; Components of Other Investments</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">206,525&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">231,489&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shared home appreciation options</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,823&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,440&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Excess MSRs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,465&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,418&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage servicing rights</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,945&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,815&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29,821&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,013&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Other Investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">322,579&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">348,175&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock', window );">Components of Servicer Advance Investments</a></td>
<td class="text">The servicer advance receivables were comprised of the following types of advances at March&#160;31, 2021 and December&#160;31, 2020.<div style="margin-top:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 10.2 &#8211; Components of Servicer Advance Receivables</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Principal and interest advances</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">92,628&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">110,923&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Escrow advances (taxes and insurance advances)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74,970&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">79,279&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Corporate advances</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,254&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,454&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Servicer Advance Receivables</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">192,852&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">217,656&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_SummaryOfOtherInvestmentsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Summary Of Other Investments [Table Text Block]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_SummaryOfOtherInvestmentsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsAllOtherInvestmentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsAllOtherInvestmentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=116651436&amp;loc=d3e122625-111746<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>57
<FILENAME>R43.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457099352">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Derivative Financial Instruments (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract', window );"><strong>Derivative Instruments and Hedging Activities Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDerivativeInstrumentsTextBlock', window );">Fair Value and Notional Amount of Derivative Financial Instruments</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the fair value and notional amount of our derivative financial instruments at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 11.1 &#8211; Fair Value and Notional Amount of Derivative Financial Instruments</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:47.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.987%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Notional<br/>Amount</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair<br/>Value</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Notional<br/>Amount</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets - Risk Management Derivatives</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest rate swaps</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,350&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">163,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">224&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,800&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,350,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,260&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,520,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Swaptions</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">83,610&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,825,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,727&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,585,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets - Other Derivatives</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan purchase and interest rate lock commitments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,164&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">223,783&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,027&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,617,254&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">129,924&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,561,783&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53,238&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,764,254&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities - Risk Management Derivatives</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest rate swaps</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">TBAs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(35,621)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,860,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15,495)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,105,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest rate futures</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,451)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">195,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities - Other Derivatives</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan purchase commitments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(35,106)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,073,102&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(577)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">477,153&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(73,178)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,132,102&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16,072)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,582,153&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Derivative Financial Instruments, Net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56,746&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,693,885&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,166&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,346,407&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock', window );">Impact on Interest Expense of Interest Rate Agreements Accounted for as Cash Flow Hedges</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table illustrates the impact on interest expense of our interest rate agreements accounted for as cash flow hedges for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 11.2 &#8211; Impact on Interest Expense of Interest Rate Agreements Accounted for as Cash Flow Hedges</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:70.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.372%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.374%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net interest expense on cash flows hedges</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(860)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized net losses reclassified from other comprehensive income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,018)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(79)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Interest Expense</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,018)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(939)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4E<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5624181-113959<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4A<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5618551-113959<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4C<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5624171-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfDerivativeInstrumentsTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4B<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5624163-113959<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1B<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5580258-113959<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=d3e41620-113959<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5579245-113959<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=d3e41638-113959<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=d3e41678-113959<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=d3e41641-113959<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4C<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5624171-113959<br><br>Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5579240-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfDerivativeInstrumentsTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>58
<FILENAME>R44.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774468824904">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Other Assets and Liabilities (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract', window );"><strong>Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfOtherAssetsTableTextBlock', window );">Components of Other Assets</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other assets at March&#160;31, 2021 and December&#160;31, 2020 are summarized in the following table.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 12.1 &#8211; Components of Other Assets</span></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued interest receivable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,097&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,445&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment receivable</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,102&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,176&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Margin receivable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,283&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,758&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">REO</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,829&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,413&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease right-of-use assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,227&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,012&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fixed assets and leasehold improvements</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,153&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,203&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FHLBC stock</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pledged collateral</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,177&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,047&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,404&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Other Assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">141,738&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">130,588&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>(1)Fixed assets and leasehold improvements had a basis of $12 million and accumulated depreciation of $7 million at March&#160;31, 2021.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock', window );">Components of Accrued Expenses and Other Liabilities</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Accrued expenses and other liabilities at March&#160;31, 2021 and December&#160;31, 2020 are summarized in the following table. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 12.2 &#8211; Components of Accrued Expenses and Other Liabilities</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Margin payable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84,306&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,728&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued interest payable</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,167&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,858&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued compensation</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,941&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,393&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued income taxes payable</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,174&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,614&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Payable to minority partner</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,222&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,941&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,885&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,687&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current accounts payable</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,712&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,455&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Guarantee obligations</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,238&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,039&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loan and MSR repurchase reserve</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,731&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,631&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bridge loan holdbacks</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,443&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,708&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued operating expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,222&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,509&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred consideration</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,579&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,233&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,198&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Accrued Expenses and Other Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">244,274&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">179,340&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherRealEstateRollForwardTableTextBlock', window );">Other Real Estate</a></td>
<td class="text"><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the activity and carrying values of REO assets held at Redwood and at consolidated Legacy Sequoia, Freddie Mac SLST, and CAFL entities during the three months ended March&#160;31, 2021. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 12.3 &#8211; REO Activity</span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:37.650%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.572%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood Bridge </span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy Sequoia</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance at beginning of period&#160;</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,600&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">638&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">646&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,529&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,413&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfers to REO</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,483&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,924&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,683&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liquidations </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,880)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(40)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(91)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,909)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6,920)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Changes in fair value, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">282&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(655)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(347)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at End of Period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,485&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">596&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,859&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,889&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,829&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:6pt;margin-top:5pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For the three months ended March&#160;31, 2021, REO liquidations resulted in $0.3 million of realized losses, which were recorded in Investment fair value changes, net on our consolidated statements of income (loss).</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the detail of REO assets at Redwood and at consolidated Legacy Sequoia, Freddie Mac SLST, and CAFL entities at March&#160;31, 2021 and December&#160;31, 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 12.4 &#8211; REO Assets </span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:37.650%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.572%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Number of REO assets</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redwood  Bridge </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac SLST</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">At March 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">At December 31, 2020</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accrued Expenses and Other Liabilities [Table Text Block]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherRealEstateRollForwardTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the change in other real estate on properties owned. Excludes real estate assets taken in settlement of troubled loans through surrender or foreclosure by banks.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherRealEstateRollForwardTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfOtherAssetsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfOtherAssetsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>59
<FILENAME>R45.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774458550520">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Short-Term Debt (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>Debt Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfShortTermDebtTextBlock', window );">Short-Term Debt Facilities</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The table below summarizes our short-term debt, including the facilities that are available to us, the outstanding balances, the weighted average interest rate, and the maturity information at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 13.1 &#8211; Short-Term Debt </span></div><div style="margin-bottom:5pt;margin-top:17pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:34.644%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.218%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.470%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.218%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.244%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.112%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.224%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of Facilities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Outstanding Balance</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Limit </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Interest Rate</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Maturity</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Days Until Maturity</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Residential loan warehouse </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">839,224&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,600,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2.15&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8/2021-3/2022</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">268</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Business purpose loan warehouse </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">140,916&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">500,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3.54&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5/2022-6/2022</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">436</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Real estate securities repo</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">81,670&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1.72&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4/2021-6/2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">35</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Short-Term Debt Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,061,810&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Servicer advance financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">192,072&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">335,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1.91&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11/2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">244</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Short-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,253,882&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr></table></div><div style="margin-bottom:5pt;margin-top:11pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:34.644%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.218%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.470%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.218%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.244%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.112%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.224%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of Facilities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Outstanding Balance</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Limit</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Interest Rate</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Maturity</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Days Until Maturity</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Residential loan warehouse </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">137,269&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,300,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2.45&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1/2021-11/2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">268</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Business purpose loan warehouse </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">99,190&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">500,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3.37&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5/2022-6/2022</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">521</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Real estate securities repo</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">77,775&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2.24&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1/2021-3/2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">36</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Short-Term Debt Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">314,234&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Servicer advance financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">208,375&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">335,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1.95&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11/2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">334</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Short-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">522,609&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Borrowings under our facilities are generally charged interest based on a specified margin over the one-month LIBOR interest rate. At March&#160;31, 2021 and December&#160;31, 2020, all of these borrowings were under uncommitted facilities and were due within 364 days (or less) of the borrowing date.</span></div>(2)Due to the revolving nature of the borrowings under these facilities, we have classified these facilities as short-term debt at March&#160;31, 2021. Borrowings under these facilities will be repaid as the underlying loans mature or are sold to third parties or transferred to securitizations.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ScheduleCollateralforShortTermDebtTableTextBlock', window );">Collateral for Short-Term Debt Facilities</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table below presents the value of loans, securities, and other assets pledged as collateral under our short-term debt at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 13.2 &#8211; Collateral for Short-Term Debt</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:61.122%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.096%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Collateral Type</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale residential loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">926,076&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">156,355&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">164,829&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">127,029&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">On balance sheet</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,611&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,193&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sequoia Choice securitizations </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63,194&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63,105&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Freddie Mac K-Series securitization </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,979&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,255&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total real estate securities owned</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">108,784&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,553&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restricted cash and other assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,381&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">315&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Collateral for Short-Term Debt Facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,217,070&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">398,252&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,698&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,978&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restricted cash</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29,518&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,220&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advances</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">192,852&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">217,656&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Collateral for Servicer Advance Financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">233,068&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">250,854&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Collateral for Short-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,450,138&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">649,106&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>(1)Represents securities we have retained from consolidated securitization entities. For GAAP purposes, we consolidate the loans and non-recourse ABS debt issued from these securitizations.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock', window );">Short-Term Debt by Collateral Type and Remaining Maturities</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the remaining maturities of our secured short-term debt by the type of collateral securing the debt at March&#160;31, 2021.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 13.3 &#8211; Short-Term Debt by Collateral Type and Remaining Maturities</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.722%"><tr><td style="width:1.0%"/><td style="width:40.543%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.941%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.409%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.409%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.414%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Within 30 days</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">31 to 90 days</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Over 90 days</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Collateral Type</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Held-for-sale residential loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">839,224&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">839,224&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">140,916&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">140,916&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,391&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,279&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">81,670&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Secured Short-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,391&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,279&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">980,140&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,061,810&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicer advance financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">192,072&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">192,072&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Short-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,391&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,279&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,172,212&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,253,882&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ScheduleCollateralforShortTermDebtTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Schedule Collateral for Short-Term Debt [Table Text Block]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ScheduleCollateralforShortTermDebtTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Schedule of Maturities of Debt Disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfShortTermDebtTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfShortTermDebtTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>60
<FILENAME>R46.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774458546168">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Asset-Backed Securities Issued (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>Debt Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock', window );">Asset-Backed Securities Issued</a></td>
<td class="text">The carrying values of ABS issued by our consolidated securitization entities at March&#160;31, 2021 and December&#160;31, 2020, along with other selected information, are summarized in the following table.<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 14.1 &#8211; Asset-Backed Securities Issued</span></div><div style="margin-bottom:11pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:25.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.435%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy<br/>Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia<br/>Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac SLST </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac <br/>K-Series</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Certificates with principal balance</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">309,916&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,024,081&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,800,808&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">424,393&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,728,355&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,287,553&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest-only certificates</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">819&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,274&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,962&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,326&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">153,420&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">191,801&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Market valuation adjustments </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(38,820)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,650&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97,670&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,846&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">81,977&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">192,323&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">ABS Issued, Net </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">271,915&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,054,005&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,921,440&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">460,565&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,963,752&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,671,677&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Range of weighted average interest rates, by series</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.32% to 1.47%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.28% to 5.06%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.50% to 4.75%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.41&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.63% to 5.56%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stated maturities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024 - 2036</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2047 - 2050</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028 - 2059</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022 - 2052</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Number of series</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr></table></div><div style="margin-bottom:11pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:25.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.435%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy<br/>Sequoia</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sequoia<br/>Choice</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac SLST </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Freddie Mac K-Series</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CAFL</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Certificates with principal balance</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">329,039&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,309,957&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,866,145&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">416,339&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,716,425&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,637,905&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest-only certificates</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,092&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,591&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,335&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,026&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">162,934&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">204,978&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Market valuation adjustments </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(47,805)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,809&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104,439&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,601&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">133,734&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">257,778&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">ABS Issued, Net </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">282,326&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,347,357&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,993,919&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">463,966&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,013,093&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,100,661&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Range of weighted average interest rates, by series</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.35% to 1.55%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.25% to 5.04%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.50% to 4.75%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.39&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.68% to 5.42%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stated maturities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024 - 2036</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2047 - 2050</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028 - 2059</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022 - 2052</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Number of series</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr></table></div><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Includes $200 million and $205 million (principal balance) of ABS issued by a re-securitization trust sponsored by Redwood and accounted for at amortized cost at March&#160;31, 2021 and December&#160;31, 2020, respectively.</span></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock', window );">Accrued Interest Payable on Asset-Backed Securities Issued</a></td>
<td class="text">The following table summarizes the accrued interest payable on ABS issued at March&#160;31, 2021 and December&#160;31, 2020. Interest due on consolidated ABS issued is payable monthly.<div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 14.2 &#8211; Accrued Interest Payable on Asset-Backed Securities Issued</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:59.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.954%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.956%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Legacy Sequoia</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">128&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">141&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sequoia Choice</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,658&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,697&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Freddie Mac SLST </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,461&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,656&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Freddie Mac K-Series</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,208&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,177&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">CAFL</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,256&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,122&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Accrued Interest Payable on ABS Issued</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,711&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,793&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:8pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Includes accrued interest payable on ABS issued by a re-securitization trust sponsored by Redwood.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of information pertaining to asset backed securities, including but not limited to identification of components, terms, features, and other information necessary to a fair presentation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Schedule Of Interest Payable On Asset-Backed Securities Issued [Table Text Block]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>61
<FILENAME>R47.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774458485528">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>Debt Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDebtInstrumentsTextBlock', window );">Schedule of Long-term Debt Instruments</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The table below summarizes our long-term debt, including the facilities that are available to us, the outstanding balances, the weighted average interest rate, and the maturity information at March&#160;31, 2021.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 15.1 &#8211; Long-Term Debt </span></div><div style="margin-bottom:5pt;margin-top:17pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:28.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.761%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.650%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.626%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(Dollars in Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Borrowings</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Unamortized Deferred Issuance Costs / Discount</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Net Carrying Value</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Limit </span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Interest Rate </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Final Maturity</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Recourse Subordinate Securities Financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Sequoia</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">172,805&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(624)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">172,181&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4.21&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9/2024</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">CAFL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">102,426&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(581)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">101,845&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4.21&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2/2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Non-Recourse BPL Financing</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Facility A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">241,549&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,119)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">240,430&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">316,543&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">L + 7.50%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6/2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Facility B</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">84,017&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(555)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">83,462&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">84,017&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">L + 3.85%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7/2022</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Recourse BPL Financing</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Facility C </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">75,109&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(368)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">74,741&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">250,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">L + 3.00%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3/2022</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Facility D</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">114,386&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(176)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">114,210&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">250,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">L + 3.00%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9/2023</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Long-Term Debt Facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">790,292&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(3,423)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">786,869&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">FHLBC borrowings</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">0.33&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1/2026</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Convertible notes</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4.75% convertible senior notes</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">198,629&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2,610)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">196,019&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4.75&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8/2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5.625% convertible senior notes</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">150,200&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2,634)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">147,566&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5.625&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7/2024</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5.75% exchangeable senior notes</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">172,092&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(3,970)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">168,122&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5.75&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10/2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Trust preferred securities and subordinated notes</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">139,500&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(814)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">138,686&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">L + 2.25%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7/2037</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total Long-Term Debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,451,713&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(13,451)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,438,262&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr></table></div><div style="margin-top:8pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Variable rate borrowings are based on 1- or 3-month LIBOR ("L" in the table above) plus an applicable spread.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the accrued interest payable on long-term debt at March&#160;31, 2021 and December&#160;31, 2020. </span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 15.3 &#8211; Accrued Interest Payable on Long-Term Debt</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:59.400%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.954%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.956%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Long-term debt facilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,642&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,799&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Convertible notes</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.75% convertible senior notes</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,206&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,564&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.625% convertible senior notes</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,784&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,896&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.75% exchangeable senior notes</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,948&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,474&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trust preferred securities and subordinated notes</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">580&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">669&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Accrued Interest Payable on Long-Term Debt</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,160&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,402&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock', window );">Schedule of Financial Instruments Owned and Pledged as Collateral</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table below presents the value of loans, securities, and other assets pledged as collateral under our long-term debt at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 15.2 &#8211; Collateral for Long-Term Debt</span></div><div style="margin-bottom:12pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:61.122%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.096%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Collateral Type</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bridge loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">522,050&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">544,151&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Single-family rental loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">228,125&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">154,774&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sequoia Choice securitizations </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">256,554&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">249,446&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">CAFL securitizations </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">112,451&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,044&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total real estate securities owned</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> </span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">369,005&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">363,490&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other BPL investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,358&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,414&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restricted cash</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,100&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,100&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Collateral for Long-Term Debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,139,638&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,084,929&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>(1)Represents securities we have retained from consolidated securitization entities. For GAAP purposes, we consolidate the loans and non-recourse ABS debt issued from these securitizations.<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfDebtInstrumentsTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1A<br> -URI http://asc.fasb.org/extlink&amp;oid=119993939&amp;loc=d3e28541-108399<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21506-112644<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(e),(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=119993939&amp;loc=d3e28551-108399<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21521-112644<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21538-112644<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 470<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=75038535&amp;loc=d3e64711-112823<br><br>Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=114775985&amp;loc=d3e28878-108400<br><br>Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21475-112644<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfDebtInstrumentsTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of financial instruments held by the entity for its own account for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions. Description may include equity, fixed income, debt or other securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66007379&amp;loc=d3e113888-111728<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1A<br> -URI http://asc.fasb.org/extlink&amp;oid=109249958&amp;loc=SL6224234-111729<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>62
<FILENAME>R48.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774458674936">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments and Contingencies (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract', window );"><strong>Commitments and Contingencies Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock', window );">Future Lease Commitments by Year</a></td>
<td class="text"><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents our future lease commitments at March&#160;31, 2021. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 16.1 &#8211; Future Lease Commitments by Year</span></div><div style="margin-bottom:6pt;margin-top:17pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:79.706%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.399%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2021 (9 months)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,498&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,301&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2023</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,813&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,231&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,983&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026 and thereafter</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,128&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Lease Commitments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,954&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: Imputed interest</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,069)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Operating Lease Liabilities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,885&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingenciesDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=121609121&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>63
<FILENAME>R49.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774469603544">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityAbstract', window );"><strong>Equity [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock', window );">Changes to Accumulated Other Comprehensive Income by Component</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides a summary of changes to accumulated other comprehensive income by component for the three months ended March&#160;31, 2021 and 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 17.1 &#8211; Changes in Accumulated Other Comprehensive Income (Loss) by Component</span></div><div style="margin-bottom:5pt;margin-top:11pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:29.358%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.595%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Available-for-Sale Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Interest Rate Agreements Accounted for as Cash Flow Hedges</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Available-for-Sale Securities</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Interest Rate Agreements Accounted for as Cash Flow Hedges</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Balance at beginning of period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">76,336&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(80,557)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">92,452&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(50,939)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Other comprehensive income (loss)<br/>before reclassifications </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,986&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(80,519)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(32,806)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Amounts reclassified from other <br/>accumulated comprehensive income (loss)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,795)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,018&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,798)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">79&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Net current-period other comprehensive income (loss)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,191&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,018&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(94,317)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(32,727)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Balance at End of Period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84,527&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(79,539)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,865)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(83,666)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock', window );">Reclassifications out of Accumulated Other Comprehensive Income</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides a summary of reclassifications out of accumulated other comprehensive income for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 17.2 &#8211; Reclassifications Out of Accumulated Other Comprehensive Income (Loss)</span></div><div style="margin-bottom:5pt;margin-top:17pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:38.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:22.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.542%"/><td style="width:0.1%"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amount Reclassified From <br/>Accumulated Other Comprehensive Income</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Affected Line Item in the</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Income Statement</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Realized (Gain) Loss on AFS Securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Credit loss expense on AFS securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(374)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,525&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gain on sale of AFS securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized gains, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,421)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15,323)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,795)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,798)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Realized Loss on Interest Rate <br/>&#160;&#160;Agreements Designated as Cash Flow Hedges</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization of deferred loss</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,018&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">79&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,018&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">79&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock', window );">Basic and Diluted Earnings Per Common Share</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides the basic and diluted earnings (loss) per common share computations for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 17.3 &#8211; Basic and Diluted Earnings (Loss) per Common Share</span></div><div style="margin-bottom:5pt;margin-top:11pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:71.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.816%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.819%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands, except Share Data)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Basic Earnings (Loss) per Common Share:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income (loss) attributable to Redwood</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97,257&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(943,398)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: Dividends and undistributed earnings allocated to participating securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,294)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,209)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income (loss) allocated to common shareholders</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93,963&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(944,607)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Basic weighted average common shares outstanding</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">112,276,842&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,076,568&#160;</span></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Basic Earnings (Loss) per Common Share</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.84&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8.28)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Diluted Earnings (Loss) per Common Share:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income (loss) attributable to Redwood</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97,257&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(943,398)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: Dividends and undistributed earnings allocated to participating securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,951)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,209)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Add back: Interest expense on convertible notes for the period, net of tax</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,007&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income (loss) allocated to common shareholders</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101,313&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(944,607)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Weighted average common shares outstanding</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">112,276,842&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,076,568&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net effect of dilutive equity awards</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">195,568&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net effect of assumed convertible notes conversion to common shares</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,566,875&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Diluted weighted average common shares outstanding</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">141,039,285&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,076,568&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Diluted Earnings (Loss) per Common Share</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.72&#160;</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8.28)</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the components of accumulated other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450520&amp;loc=d3e32583-110901<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669686-108580<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=118261656&amp;loc=d3e32211-110900<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>64
<FILENAME>R50.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457321432">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity Compensation Plans (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract', window );"><strong>Share-based Payment Arrangement [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock', window );">Equity Compensation Costs by Award Type</a></td>
<td class="text">The unamortized compensation cost of awards issued under the Incentive Plan, which are settled by delivery of shares of common stock and purchases under the Employee Stock Purchase Plan, totaled $29 million at March&#160;31, 2021, as shown in the following table.<div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 18.1 &#8211; Activities of Equity Compensation Costs by Award Type </span></div><div style="margin-bottom:5pt;margin-top:13pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:28.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:9.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.872%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.876%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Restricted Stock Awards</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Restricted Stock Units</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Deferred Stock Units</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Performance Stock Units</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Employee Stock Purchase Plan</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unrecognized compensation cost at beginning of period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">564&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,540&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,766&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,794&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,664&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Equity grants</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,370&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,641&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">259&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,270&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Equity grant forfeitures</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(591)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(550)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,143)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Equity compensation expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(167)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(307)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,761)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(586)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(65)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,886)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Unrecognized Compensation Cost at End of Period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">395&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,012&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,096&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,208&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">194&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,905&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (i)<br> -URI http://asc.fasb.org/extlink&amp;oid=120381028&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>65
<FILENAME>R51.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774553765272">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Mortgage Banking Activities, Net (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageBankingAbstract', window );"><strong>Mortgage Banking [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock', window );">Mortgage Banking Activities</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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&#160;31, 2021 and 2020.</span></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 19.1 &#8211; Mortgage Banking Activities </span></div><div style="margin-bottom:5pt;margin-top:13pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:70.844%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.235%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential Mortgage Banking Activities, Net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Changes in fair value of:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans, at fair value </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(29,273)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,955&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading securities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">721&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk management derivatives </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,964&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(31,294)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income (expense), net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,023&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">258&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total residential mortgage banking activities, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61,435&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,081)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Business Purpose Mortgage Banking Activities, Net:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Changes in fair value of:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Single-family rental loans, at fair value </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,248&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,808&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk management derivatives</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,858&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(21,538)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bridge loans, at fair value</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,044&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,934)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income, net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(5)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,022&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,843&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total business purpose mortgage banking activities, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,172&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,821)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mortgage Banking Activities, Net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">82,607&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(28,902)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">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.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents fair value changes on trading securities that are being used as hedges to manage the mark-to-market risks associated with our residential mortgage banking operations.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Represents market valuation changes of derivatives that were used to manage risks associated with our mortgage banking operations. </span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Amounts in this line item include other fee income from loan acquisitions and provisions for repurchase expense, presented net.</span></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(5)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Amounts in this line item include other fee income from loan originations.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageBankingAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageBankingAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>66
<FILENAME>R52.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457361784">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Other Income (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncomeAndExpensesAbstract', window );"><strong>Other Income and Expenses [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndOtherIncomeTableTextBlock', window );">Schedule of other income</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the components of Other income recorded in our consolidated statements of income (loss) for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 20.1 &#8211; Other Income</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:71.122%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.096%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">MSR income (loss), net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">697&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,809)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk share income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">882&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">765&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FHLBC capital stock dividend</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">547&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Equity investment income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">848&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan extension fees</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">421&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,818&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,577&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other Income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,843&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,928&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestAndOtherIncomeTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of interest income and income classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestAndOtherIncomeTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncomeAndExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherIncomeAndExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>67
<FILENAME>R53.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774458636664">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncomeAndExpensesAbstract', window );"><strong>Other Income and Expenses [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock', window );">Components of General and Administrative Expenses and Other Expenses</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Components of our general and administrative expenses, loan acquisition costs, and other expenses for the three months ended March&#160;31, 2021 and 2020 are presented in the following table.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 21.1 &#8211; Components of General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses</span></div><div style="margin-bottom:5pt;margin-top:13pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:71.122%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.094%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.096%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">General and Administrative Expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fixed compensation expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,805&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,684&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Annual variable compensation</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,669&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Long-term incentive award expense </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,169&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,995&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisition-related equity compensation expense </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,212&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,212&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Systems and consulting</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,977&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,212&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Office costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,808&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,108&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accounting and legal</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">714&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,216&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Corporate costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">691&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">671&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,506&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,573&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total General and Administrative Expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,551&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,682&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Loan Acquisition Costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commissions</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,263&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,788&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Underwriting costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,685&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,662&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfer and holding costs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">611&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">536&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Loan Acquisition Costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,559&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,986&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other Expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill impairment expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,675&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization of purchase-related intangible assets </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,873&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,309&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">223&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,569)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Other Expenses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,096&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">91,415&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51,206&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">124,083&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">For the three months ended March 31, 2021, long-term incentive award expense includes $3 million of expense for awards settleable in shares of our common stock and $1 million of expense for awards settleable in cash.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Acquisition-related equity compensation expense relates to 588,260 shares of restricted stock that were issued to members of CoreVest management as a component of the consideration paid to them for our purchase of their interests in CoreVest. The grant date fair value of these restricted stock awards was $10 million, which is being recognized as compensation expense over the two-year vesting period on a straight-line basis in accordance with GAAP.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncomeAndExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherIncomeAndExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of each detailed component of other operating costs and expenses that are applicable to sales and revenues, but not included in the cost of sales in the income statement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>68
<FILENAME>R54.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774472653272">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Taxes (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock', window );">Reconciliation of Statutory Tax Rate to Effective Tax Rate</a></td>
<td class="text">The following is a reconciliation of the statutory federal and state tax rates to our effective tax rate at March&#160;31, 2021 and 2020.<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 22.1 &#8211; Reconciliation of Statutory Tax Rate to Effective Tax Rate</span></div><div style="margin-bottom:5pt;margin-top:17pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:62.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.538%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.541%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Federal statutory rate</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.0&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.0&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">State statutory rate, net of Federal tax effect</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.6&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.6&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Differences in taxable (loss) income from GAAP income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(12.5)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(25.9)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in valuation allowance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3.7)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2.5)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dividends paid deduction </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2.8)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Effective Tax Rate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.6&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.3&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>69
<FILENAME>R55.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774463202120">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segment Information (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingAbstract', window );"><strong>Segment Reporting [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock', window );">Business Segment Financial Information</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following tables present financial information by segment for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 23.1 &#8211; Business Segment Financial Information </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:37.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.434%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential Lending</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Business Purpose Lending</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Third-Party Investments</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Corporate/<br/>Other </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,548&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64,405&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,990&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,362&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">128,305&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(19,037)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(50,075)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,179)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10,261)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(102,552)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,511&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,330&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,811&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8,899)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,753&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-interest income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage banking activities, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61,435&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,172&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">82,607&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,746&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,299&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,716&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(674)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,087&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,853&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">843&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">147&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,843&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized gains, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,408&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">108&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,716&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total non-interest income (loss), net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">69,442&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,422&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,916&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(527)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">134,253&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,757)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,159)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,131)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17,504)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(43,551)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan acquisition costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,416)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,052)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(87)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,559)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,777)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(330)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,096)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Provision for income taxes</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,979)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,321)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(243)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,543)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Segment Contribution</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,795&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,443&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49,936&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(26,917)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97,257&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-cash amortization (expense) income, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,666&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,857)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(144)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,895)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td style="border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6,230)</span></td><td style="border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:5pt;text-align:center"><span><br/></span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:37.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.434%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31, 2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential Lending</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Business Purpose Lending</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Third-Party Investments</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Corporate/<br/>Other </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60,631&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53,060&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">81,196&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,194&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">198,081&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(37,562)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(32,353)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(62,501)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14,255)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(146,671)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,069&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,707&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,695&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,061)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51,410&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-interest income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage banking activities, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,081)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,821)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(28,902)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(196,635)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(142,130)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(531,558)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(509)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(870,832)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(497)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,184&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,241&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,928&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized gains, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,796&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,056&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,852&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total non-interest income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(218,417)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(145,767)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(528,261)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(509)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(892,954)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,599)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,640)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,535)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10,908)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(28,682)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan acquisition costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,033)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,693)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(253)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,986)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(92,985)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,882&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(312)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(91,415)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Benefit from income taxes</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,330&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,582&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,317&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,229&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Segment Contribution</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(195,650)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(225,796)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(499,155)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(22,797)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Loss</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(943,398)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-cash amortization income (expense), net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">367&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,363)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">866&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(367)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,497)</span></td><td style="background-color:#ffffff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other significant non-cash expense: goodwill impairment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(88,675)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(88,675)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ScheduleOfCorporateAndOtherTableTextBlock', window );">Components of Corporate and Other</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the components of Corporate/Other for the three months ended March&#160;31, 2021 and 2020.</span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 23.2 &#8211; Components of Corporate/Other </span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.861%"><tr><td style="width:1.0%"/><td style="width:29.637%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.582%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.331%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.331%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.582%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.331%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.495%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.336%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="33" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="15" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy Consolidated VIEs </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legacy Consolidated VIEs </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,348&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,362&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,194&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,194&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(875)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,386)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10,261)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,522)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,733)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14,255)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net interest income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">473&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,372)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8,899)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">672&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,733)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,061)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-interest income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment fair value changes, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(699)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(674)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(391)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(118)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(509)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">147&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">147&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total non-interest income, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(699)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">172&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(527)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(391)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(118)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(509)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17,504)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17,504)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10,908)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10,908)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan acquisition costs</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(312)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(312)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(226)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(26,691)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(26,917)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">281&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,078)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(22,797)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:5pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1) &#160;&#160;&#160;&#160;Legacy consolidated VIEs represent Legacy Sequoia entities that are consolidated for GAAP financial reporting purposes. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion on VIEs.</span></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SupplementalBalanceSheetTableTextBlock', window );">Supplemental Information by Segment</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents supplemental information by segment at March&#160;31, 2021 and December&#160;31, 2020.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Table 23.3 &#8211; Supplemental Segment Information </span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:37.788%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.427%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.434%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(In Thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential Lending</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Business Purpose Lending</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Third-Party Investments</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Corporate/<br/>Other</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,272,624&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,154,351&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,861&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,701,836&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,172,120&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,172,120&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">489,545&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">167,040&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">197,280&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">364,320&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,945&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,405&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">293,776&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,453&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">322,579&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Intangible assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,992&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,992&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,601,672&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,359,491&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,155,645&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">780,040&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,896,848&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,741,963&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,221,153&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,935&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,249,051&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Business purpose loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,136,353&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,136,353&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Multifamily loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">492,221&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">160,780&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">183,345&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">344,125&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other investments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,815&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,627&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">317,282&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">451&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">348,175&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Intangible assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56,865&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56,865&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,989,802&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,323,040&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,232,415&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">809,809&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,355,066&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ScheduleOfCorporateAndOtherTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Schedule Of Corporate And Other [Table Text Block]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ScheduleOfCorporateAndOtherTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_SupplementalBalanceSheetTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Supplemental Balance Sheet [Table Text Block]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_SupplementalBalanceSheetTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 25<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8813-108599<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=121556970&amp;loc=d3e13816-109267<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>70
<FILENAME>R56.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774568862872">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Organization (Details)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th">
<div>Mar. 31, 2021 </div>
<div>segment</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>Organization, Consolidation and Presentation of Financial Statements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfOperatingSegments', window );">Number of operating segments</a></td>
<td class="nump">3<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NumberOfOperatingSegments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 18<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8672-108599<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NumberOfOperatingSegments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>71
<FILENAME>R57.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774477544344">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Basis of Presentation - Narrative (Details)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($) </div>
<div>partnership </div>
<div>shares</div>
</th>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2019 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfPartnershipsConsolidated', window );">Number of partnerships consolidated | partnership</a></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityOwnershipPercentage', window );">VIE, ownership interest rate</a></td>
<td class="nump">80.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AmortizationofPurchaseRelatedIntangibleAssets', window );">Amortization of purchase-related intangible assets</a></td>
<td class="nump">$ 3,873<span></span>
</td>
<td class="nump">$ 4,309<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=rwt_A5ArchesLLCMember', window );">5 Arches</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles', window );">Intangible assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 25,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares', window );">Shares issued for settlement of remaining deferred consideration | shares</a></td>
<td class="nump">806,068<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities', window );">Cash payment for contingent consideration liability</a></td>
<td class="nump">$ 1,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=rwt_CoreVestAmericanFinanceLenderLLCMember', window );">CoreVest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles', window );">Intangible assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 57,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_AmortizationofPurchaseRelatedIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortization of Purchase Related Intangible Assets</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_AmortizationofPurchaseRelatedIntangibleAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Business Acquisition, Contingent Consideration, Equity Interest Issued, Number of Shares</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_NumberOfPartnershipsConsolidated">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number Of Partnerships Consolidated</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_NumberOfPartnershipsConsolidated</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of identifiable intangible assets recognized as of the acquisition date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 55<br> -Paragraph 37<br> -URI http://asc.fasb.org/extlink&amp;oid=121600890&amp;loc=d3e2207-128464<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121647850&amp;loc=d3e4845-128472<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow, not made soon after acquisition date of business combination, to settle contingent consideration liability up to amount recognized at acquisition date, including, but not limited to, measurement period adjustment and less amount paid soon after acquisition date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityOwnershipPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of the Variable Interest Entity's (VIE) voting interest owned by (or beneficial interest in) the reporting entity (directly or indirectly).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5A<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=SL6759159-111685<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityOwnershipPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=rwt_A5ArchesLLCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=rwt_A5ArchesLLCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=rwt_CoreVestAmericanFinanceLenderLLCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=rwt_CoreVestAmericanFinanceLenderLLCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>72
<FILENAME>R58.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774465616696">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Basis of Presentation - Intangible Assets &#8211; Activity (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsLineItems', window );"><strong>Finite-Lived Intangible Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Intangible Assets at Acquisition</a></td>
<td class="nump">$ 52,992<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Carrying value</a></td>
<td class="nump">52,992<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=rwt_A5ArchesLLCAndCoreVestMember', window );">5 Arches LLC and CoreVest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsLineItems', window );"><strong>Finite-Lived Intangible Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Intangible Assets at Acquisition</a></td>
<td class="nump">52,992<span></span>
</td>
<td class="nump">$ 56,865<span></span>
</td>
<td class="nump">$ 81,300<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization', window );">Accumulated amortization</a></td>
<td class="num">(28,308)<span></span>
</td>
<td class="num">(24,435)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Carrying value</a></td>
<td class="nump">$ 52,992<span></span>
</td>
<td class="nump">56,865<span></span>
</td>
<td class="nump">81,300<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetUsefulLife', window );">Weighted Average Amortization Period (in years)</a></td>
<td class="text">6 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=rwt_A5ArchesLLCAndCoreVestMember', window );">5 Arches LLC and CoreVest | Borrower Network [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsLineItems', window );"><strong>Finite-Lived Intangible Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Intangible Assets at Acquisition</a></td>
<td class="nump">$ 35,863<span></span>
</td>
<td class="nump">37,481<span></span>
</td>
<td class="nump">45,300<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization', window );">Accumulated amortization</a></td>
<td class="num">(9,437)<span></span>
</td>
<td class="num">(7,819)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Carrying value</a></td>
<td class="nump">$ 35,863<span></span>
</td>
<td class="nump">37,481<span></span>
</td>
<td class="nump">45,300<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetUsefulLife', window );">Weighted Average Amortization Period (in years)</a></td>
<td class="text">7 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=rwt_A5ArchesLLCAndCoreVestMember', window );">5 Arches LLC and CoreVest | Broker Network [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsLineItems', window );"><strong>Finite-Lived Intangible Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Intangible Assets at Acquisition</a></td>
<td class="nump">$ 10,558<span></span>
</td>
<td class="nump">11,463<span></span>
</td>
<td class="nump">18,100<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization', window );">Accumulated amortization</a></td>
<td class="num">(7,542)<span></span>
</td>
<td class="num">(6,637)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Carrying value</a></td>
<td class="nump">$ 10,558<span></span>
</td>
<td class="nump">11,463<span></span>
</td>
<td class="nump">18,100<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetUsefulLife', window );">Weighted Average Amortization Period (in years)</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=rwt_A5ArchesLLCAndCoreVestMember', window );">5 Arches LLC and CoreVest | Noncompete Agreements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsLineItems', window );"><strong>Finite-Lived Intangible Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Intangible Assets at Acquisition</a></td>
<td class="nump">$ 4,278<span></span>
</td>
<td class="nump">5,069<span></span>
</td>
<td class="nump">9,500<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization', window );">Accumulated amortization</a></td>
<td class="num">(5,222)<span></span>
</td>
<td class="num">(4,431)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Carrying value</a></td>
<td class="nump">$ 4,278<span></span>
</td>
<td class="nump">5,069<span></span>
</td>
<td class="nump">9,500<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetUsefulLife', window );">Weighted Average Amortization Period (in years)</a></td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=rwt_A5ArchesLLCAndCoreVestMember', window );">5 Arches LLC and CoreVest | Trade Names [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsLineItems', window );"><strong>Finite-Lived Intangible Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Intangible Assets at Acquisition</a></td>
<td class="nump">$ 1,806<span></span>
</td>
<td class="nump">2,140<span></span>
</td>
<td class="nump">4,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization', window );">Accumulated amortization</a></td>
<td class="num">(2,194)<span></span>
</td>
<td class="num">(1,860)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Carrying value</a></td>
<td class="nump">$ 1,806<span></span>
</td>
<td class="nump">2,140<span></span>
</td>
<td class="nump">4,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetUsefulLife', window );">Weighted Average Amortization Period (in years)</a></td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=rwt_A5ArchesLLCAndCoreVestMember', window );">5 Arches LLC and CoreVest | Developed Technology Rights [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsLineItems', window );"><strong>Finite-Lived Intangible Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Intangible Assets at Acquisition</a></td>
<td class="nump">$ 487<span></span>
</td>
<td class="nump">712<span></span>
</td>
<td class="nump">1,800<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization', window );">Accumulated amortization</a></td>
<td class="num">(1,313)<span></span>
</td>
<td class="num">(1,088)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Carrying value</a></td>
<td class="nump">$ 487<span></span>
</td>
<td class="nump">712<span></span>
</td>
<td class="nump">1,800<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetUsefulLife', window );">Weighted Average Amortization Period (in years)</a></td>
<td class="text">2 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=rwt_A5ArchesLLCAndCoreVestMember', window );">5 Arches LLC and CoreVest | Management Fee On Existing Assets Under Management [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsLineItems', window );"><strong>Finite-Lived Intangible Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Intangible Assets at Acquisition</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">2,600<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization', window );">Accumulated amortization</a></td>
<td class="num">(2,600)<span></span>
</td>
<td class="num">(2,600)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Carrying value</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 2,600<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetUsefulLife', window );">Weighted Average Amortization Period (in years)</a></td>
<td class="text">1 year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetUsefulLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetUsefulLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 926<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=120154696&amp;loc=d3e54445-107959<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=rwt_A5ArchesLLCAndCoreVestMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=rwt_A5ArchesLLCAndCoreVestMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=rwt_BorrowerNetworkMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=rwt_BorrowerNetworkMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=rwt_BrokerNetworkMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=rwt_BrokerNetworkMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_NoncompeteAgreementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_NoncompeteAgreementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_TradeNamesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_TradeNamesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_DevelopedTechnologyRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_DevelopedTechnologyRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=rwt_ManagementFeeOnExistingAssetsUnderManagementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=rwt_ManagementFeeOnExistingAssetsUnderManagementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>73
<FILENAME>R59.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774468708424">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Basis of Presentation - Intangible Asset Amortization Expense by Year (Details)<br> $ in Thousands</strong></div></th>
<th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>Organization, Consolidation and Presentation of Financial Statements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear', window );">2021 (9 months)</a></td>
<td class="nump">$ 11,431<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths', window );">2022</a></td>
<td class="nump">12,800<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo', window );">2023</a></td>
<td class="nump">10,091<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree', window );">2024</a></td>
<td class="nump">7,073<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter', window );">2025 and thereafter</a></td>
<td class="nump">11,597<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Total Future Intangible Asset Amortization</a></td>
<td class="nump">$ 52,992<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Finite-Lived Intangible Asset, Expected Amortization, Year Four and Thereafter</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in remainder of current fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 926<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=120154696&amp;loc=d3e54445-107959<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>74
<FILENAME>R60.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774585320200">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies - Offsetting of Financial Assets, Liabilities, and Collateral (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 129,924<span></span>
</td>
<td class="nump">$ 53,238<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(73,178)<span></span>
</td>
<td class="num">(16,072)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract', window );"><strong>Total Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross', window );">Gross Amounts of Recognized Assets (Liabilities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(958,966)<span></span>
</td>
<td class="num">(230,539)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset', window );">Gross Amounts Offset in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned', window );">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(958,966)<span></span>
</td>
<td class="num">(230,539)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities', window );">Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">950,542<span></span>
</td>
<td class="nump">228,467<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash', window );">Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">8,424<span></span>
</td>
<td class="nump">1,061<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral', window );">Net Amount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="num">(1,011)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_InterestRateSwapMember', window );">Interest rate agreements</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeAsset', window );">Gross Amounts of Recognized Assets (Liabilities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">87,960<span></span>
</td>
<td class="nump">19,951<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetFairValueGrossLiability', window );">Gross Amounts Offset in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">87,960<span></span>
</td>
<td class="nump">19,951<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralObligationToReturnSecurities', window );">Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralObligationToReturnCash', window );">Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(74,052)<span></span>
</td>
<td class="num">(7,769)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection', window );">Net Amount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">13,908<span></span>
</td>
<td class="nump">12,182<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_ToBeAnnouncedContractsMember', window );">TBAs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeAsset', window );">Gross Amounts of Recognized Assets (Liabilities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">40,800<span></span>
</td>
<td class="nump">18,260<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetFairValueGrossLiability', window );">Gross Amounts Offset in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">40,800<span></span>
</td>
<td class="nump">18,260<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralObligationToReturnSecurities', window );">Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(29,648)<span></span>
</td>
<td class="num">(13,423)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralObligationToReturnCash', window );">Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(8,696)<span></span>
</td>
<td class="num">(4,658)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection', window );">Net Amount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,456<span></span>
</td>
<td class="nump">179<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeLiability', window );">Gross Amounts of Recognized Assets (Liabilities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(35,621)<span></span>
</td>
<td class="num">(15,495)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilityFairValueGrossAsset', window );">Gross Amounts Offset in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(35,621)<span></span>
</td>
<td class="num">(15,495)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralRightToReclaimSecurities', window );">Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">29,648<span></span>
</td>
<td class="nump">13,423<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralRightToReclaimCash', window );">Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,973<span></span>
</td>
<td class="nump">1,061<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection', window );">Net Amount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="num">(1,011)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_FutureMember', window );">Futures</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeLiability', window );">Gross Amounts of Recognized Assets (Liabilities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(2,451)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilityFairValueGrossAsset', window );">Gross Amounts Offset in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(2,451)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralRightToReclaimSecurities', window );">Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralRightToReclaimCash', window );">Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,451<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection', window );">Net Amount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_InterestRateAgreementTBAsAndFuturesMember', window );">Interest Rate Agreement, TBAs, and Futures</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeAsset', window );">Gross Amounts of Recognized Assets (Liabilities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">128,760<span></span>
</td>
<td class="nump">38,211<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetFairValueGrossLiability', window );">Gross Amounts Offset in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">128,760<span></span>
</td>
<td class="nump">38,211<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralObligationToReturnSecurities', window );">Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(29,648)<span></span>
</td>
<td class="num">(13,423)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralObligationToReturnCash', window );">Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(82,748)<span></span>
</td>
<td class="num">(12,427)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection', window );">Net Amount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">16,364<span></span>
</td>
<td class="nump">12,361<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_WarehouseAgreementBorrowingsMember', window );">Loan warehouse debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract', window );"><strong>Loan warehouse debt and Security repurchase agreement</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross', window );">Gross Amounts of Recognized Assets (Liabilities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(839,224)<span></span>
</td>
<td class="num">(137,269)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset', window );">Gross Amounts Offset in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase', window );">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(839,224)<span></span>
</td>
<td class="num">(137,269)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities', window );">Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">839,224<span></span>
</td>
<td class="nump">137,269<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash', window );">Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral', window );">Net Amount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_RepurchaseAgreementsMember', window );">Security repurchase agreements</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract', window );"><strong>Loan warehouse debt and Security repurchase agreement</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross', window );">Gross Amounts of Recognized Assets (Liabilities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(81,670)<span></span>
</td>
<td class="num">(77,775)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset', window );">Gross Amounts Offset in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase', window );">Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(81,670)<span></span>
</td>
<td class="num">(77,775)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities', window );">Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">81,670<span></span>
</td>
<td class="nump">77,775<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash', window );">Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral', window );">Net Amount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssetFairValueGrossLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of liability associated with financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4B<br> -Subparagraph (a),(c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5624163-113959<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226003-175313<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssetFairValueGrossLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after effects of master netting arrangements, deduction of assets not subject to a master netting arrangement and elected not to be offset, of financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, offset against an obligation to return collateral.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226016-175313<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226008-175313<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121572278&amp;loc=d3e13433-108611<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeCollateralObligationToReturnCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of obligation to return cash collateral under master netting arrangements that have not been offset against derivative assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226016-175313<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=d3e41678-113959<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeCollateralObligationToReturnCash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeCollateralObligationToReturnSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of obligation to return securities collateral under master netting arrangements that have not been offset against derivative assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226016-175313<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeCollateralObligationToReturnSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeCollateralRightToReclaimCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of right to receive cash collateral under master netting arrangements that have not been offset against derivative liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226016-175313<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=d3e41678-113959<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeCollateralRightToReclaimCash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeCollateralRightToReclaimSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of right to receive securities collateral under master netting arrangements that have not been offset against derivative liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226016-175313<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeCollateralRightToReclaimSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeFairValueOfDerivativeAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226000-175313<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4D<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=SL51823488-111719<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4B<br> -Subparagraph (a),(c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5624163-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeFairValueOfDerivativeAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeFairValueOfDerivativeLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4D<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=SL51823488-111719<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4B<br> -Subparagraph (a),(c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5624163-113959<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226000-175313<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeFairValueOfDerivativeLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121572278&amp;loc=d3e13433-108611<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226008-175313<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilityFairValueGrossAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of asset associated with financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226003-175313<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4B<br> -Subparagraph (a),(c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5624163-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilityFairValueGrossAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after effects of master netting arrangements, deduction of liabilities not subject to a master netting arrangement and elected not to be offset, of financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, offset against the right to receive collateral.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226016-175313<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after the effects of master netting arrangements, of derivative liabilities, securities sold under agreements to repurchase and securities loaned. Includes liabilities not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226008-175313<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after effects of master netting arrangements, of derivative liabilities, securities sold under agreements to repurchase and securities loaned offset against a right to receive collateral. Includes liabilities not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226016-175313<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of asset associated with derivative liabilities, securities sold under agreements to repurchase and securities loaned.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226003-175313<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of right to receive cash collateral under master netting arrangements that have not been offset against derivative liabilities, securities sold under agreements to repurchase and securities loaned.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226016-175313<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of right to receive securities collateral under master netting arrangements that have not been offset against derivative liabilities, securities sold under agreements to repurchase and securities loaned.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226016-175313<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before effects of master netting arrangements, of derivative liabilities, securities sold under agreements to repurchase and securities loaned. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226000-175313<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after the effects of master netting arrangements, of funds outstanding borrowed in the form of a security repurchase agreement between the entity and another party for the sale and repurchase of identical or substantially the same securities at a date certain for a specified price. Includes liabilities not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226008-175313<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=49176635&amp;loc=d3e9760-107771<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.13(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(m)(1)(a)(i))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SecuritiesSoldUnderAgreementsToRepurchase</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after effects of master netting arrangements, of funds outstanding borrowed in the form of a security repurchase agreement between the entity and another party for the sale and repurchase of identical or substantially the same securities at a date certain for a specified price offset against a right to receive collateral. Includes liabilities not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226016-175313<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of asset associated with funds outstanding borrowed in the form of a security repurchase agreement between the entity and another party for the sale and repurchase of identical or substantially the same securities at a date certain for a specified price.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226003-175313<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of right to receive cash collateral under master netting arrangements that have not been offset against securities sold under agreement to repurchase.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226016-175313<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of right to receive securities collateral under master netting arrangements that have not been offset against securities sold under agreement to repurchase.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226016-175313<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before effects of master netting arrangements, of funds outstanding borrowed in the form of a security repurchase agreement between the entity and another party for the sale and repurchase of identical or substantially the same securities at a date certain for a specified price. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226000-175313<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_InterestRateSwapMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_InterestRateSwapMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_ToBeAnnouncedContractsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_ToBeAnnouncedContractsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_FutureMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_FutureMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_InterestRateAgreementTBAsAndFuturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_InterestRateAgreementTBAsAndFuturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_WarehouseAgreementBorrowingsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_WarehouseAgreementBorrowingsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_RepurchaseAgreementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_RepurchaseAgreementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>75
<FILENAME>R61.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774466494056">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Principles of Consolidation - Additional Information (Details)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($) </div>
<div>partnership </div>
<div>entity</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 30, 2020 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfPartnershipsConsolidated', window );">Number of partnerships consolidated | partnership</a></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityOwnershipPercentage', window );">VIE, ownership interest rate</a></td>
<td class="nump">80.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">MSRs</a></td>
<td class="nump">$ 192,852<span></span>
</td>
<td class="nump">$ 217,656<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSecuritizationOfFinancialAssets', window );">Gain related to called security</a></td>
<td class="nump">$ 2,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity, Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfPartnershipsConsolidated', window );">Number of partnerships consolidated | partnership</a></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember', window );">Variable Interest Entity, Not Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred', window );">Number of securitization entities to which asset transferred (in entities) | entity</a></td>
<td class="nump">54<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased', window );">Unpaid principal balance of loans purchased</a></td>
<td class="nump">$ 19,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansHeldForSaleFairValueDisclosure', window );">Loans, held-for-sale</a></td>
<td class="nump">19,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember', window );">Legacy Sequoia | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsNet', window );">Estimated fair value of investments</a></td>
<td class="nump">4,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember', window );">Sequoia Choice | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsNet', window );">Estimated fair value of investments</a></td>
<td class="nump">224,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsNet', window );">Estimated fair value of investments</a></td>
<td class="nump">264,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsNet', window );">Estimated fair value of investments</a></td>
<td class="nump">433,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost', window );">ABS issued, net, Amortized cost</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 210,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember', window );">Freddie Mac K-Series | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsNet', window );">Estimated fair value of investments</a></td>
<td class="nump">29,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_ExcessServicingEntitiesMember', window );">Servicing Investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">MSRs</a></td>
<td class="nump">$ 65,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Instrument, Asset Backed Securities Issued, Amortized Cost</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_NumberOfPartnershipsConsolidated">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number Of Partnerships Consolidated</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_NumberOfPartnershipsConsolidated</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of Securitization Entities to which Asset Transferred</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Unpaid Principal Balance Of Securitization Purchased</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of net assets (liabilities).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=77885760&amp;loc=SL35686385-199418<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 205<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=118262037&amp;loc=d3e9915-115836<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 220<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(7))<br> -URI http://asc.fasb.org/extlink&amp;oid=120401555&amp;loc=SL114874367-224272<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 210<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.6-05(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=120401414&amp;loc=d3e604008-122996<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 220<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(6))<br> -URI http://asc.fasb.org/extlink&amp;oid=120401555&amp;loc=SL114874367-224272<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnSecuritizationOfFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A gain (loss) realized on a transfer, accounted for as a sale, of all or a portion of financial assets in which the transferor surrenders control and receives consideration other than a beneficial interest in the assets transferred. Reflects the amount of sales proceeds in excess of, or deficient from, the sum of the carrying amounts of transferred financial assets plus transaction costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (b)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107207-111719<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(3)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(b)(7)(c))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(b)(9)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnSecuritizationOfFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansHeldForSaleFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of loans held-for-sale including, but not limited to, mortgage loans and finance receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansHeldForSaleFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ServicingAssetAtFairValueAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122492-111745<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=116651436&amp;loc=d3e122625-111746<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ServicingAssetAtFairValueAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityOwnershipPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of the Variable Interest Entity's (VIE) voting interest owned by (or beneficial interest in) the reporting entity (directly or indirectly).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5A<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=SL6759159-111685<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityOwnershipPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_ExcessServicingEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_ExcessServicingEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>76
<FILENAME>R62.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774465653368">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Principles of Consolidation - Assets and Liabilities of Consolidated Variable Interest Entities Accounted for as Collateralized Financing Entities (Details)<br> $ in Thousands</strong></div></th>
<th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($) </div>
<div>investment</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>USD ($) </div>
<div>investment</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 322,579<span></span>
</td>
<td class="nump">$ 348,175<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">426,019<span></span>
</td>
<td class="nump">461,260<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">95,775<span></span>
</td>
<td class="nump">83,190<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestReceivable', window );">Accrued interest receivable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">40,097<span></span>
</td>
<td class="nump">39,445<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssets', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">141,738<span></span>
</td>
<td class="nump">130,588<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">10,896,848<span></span>
</td>
<td class="nump">10,355,066<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">1,253,882<span></span>
</td>
<td class="nump">522,609<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued interest payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">32,167<span></span>
</td>
<td class="nump">34,858<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent', window );">Accrued expenses and other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">244,274<span></span>
</td>
<td class="nump">179,340<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuredDebt', window );">Asset-backed securities issued</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">6,671,677<span></span>
</td>
<td class="nump">7,100,661<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">9,681,273<span></span>
</td>
<td class="nump">9,244,167<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">225,723<span></span>
</td>
<td class="nump">251,773<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10,698<span></span>
</td>
<td class="nump">11,579<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">29,666<span></span>
</td>
<td class="nump">23,368<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestReceivable', window );">Accrued interest receivable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">29,798<span></span>
</td>
<td class="nump">30,587<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssets', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">20,923<span></span>
</td>
<td class="nump">9,937<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7,724,203<span></span>
</td>
<td class="nump">8,141,069<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">192,072<span></span>
</td>
<td class="nump">208,375<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued interest payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">20,190<span></span>
</td>
<td class="nump">21,274<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent', window );">Accrued expenses and other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">17,209<span></span>
</td>
<td class="nump">18,403<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuredDebt', window );">Asset-backed securities issued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">6,475,472<span></span>
</td>
<td class="nump">6,900,362<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 6,704,943<span></span>
</td>
<td class="nump">$ 7,148,414<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated', window );">Number of VIEs | investment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">50<span></span>
</td>
<td class="nump">50<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentMember', window );">Residential loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 3,705,324<span></span>
</td>
<td class="nump">$ 4,072,410<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember', window );">Business purpose loans, held-for-investment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">3,839,010<span></span>
</td>
<td class="nump">3,890,959<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember', window );">Business purpose loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,212,526<span></span>
</td>
<td class="nump">3,249,194<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_MultifamilyLoansHeldforInvestmentMember', window );">Multifamily loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">489,545<span></span>
</td>
<td class="nump">492,221<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember', window );">Legacy Sequoia | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">148<span></span>
</td>
<td class="nump">148<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestReceivable', window );">Accrued interest receivable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">277<span></span>
</td>
<td class="nump">305<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssets', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">597<span></span>
</td>
<td class="nump">638<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">275,883<span></span>
</td>
<td class="nump">287,026<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued interest payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">129<span></span>
</td>
<td class="nump">141<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent', window );">Accrued expenses and other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuredDebt', window );">Asset-backed securities issued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">271,915<span></span>
</td>
<td class="nump">282,326<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 272,044<span></span>
</td>
<td class="nump">$ 282,467<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated', window );">Number of VIEs | investment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">20<span></span>
</td>
<td class="nump">20<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember', window );">Legacy Sequoia | Residential loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 274,861<span></span>
</td>
<td class="nump">$ 285,935<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember', window );">Legacy Sequoia | Business purpose loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember', window );">Legacy Sequoia | Multifamily loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember', window );">Sequoia Choice | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestReceivable', window );">Accrued interest receivable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,904<span></span>
</td>
<td class="nump">6,802<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssets', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,282,016<span></span>
</td>
<td class="nump">1,572,124<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued interest payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,658<span></span>
</td>
<td class="nump">4,697<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent', window );">Accrued expenses and other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">28<span></span>
</td>
<td class="nump">50<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuredDebt', window );">Asset-backed securities issued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,054,005<span></span>
</td>
<td class="nump">1,347,357<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,057,691<span></span>
</td>
<td class="nump">$ 1,352,104<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated', window );">Number of VIEs | investment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10<span></span>
</td>
<td class="nump">10<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember', window );">Sequoia Choice | Residential loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,276,112<span></span>
</td>
<td class="nump">$ 1,565,322<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember', window );">Sequoia Choice | Business purpose loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember', window );">Sequoia Choice | Multifamily loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestReceivable', window );">Accrued interest receivable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">13,528<span></span>
</td>
<td class="nump">13,055<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssets', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12,341<span></span>
</td>
<td class="nump">2,930<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,238,395<span></span>
</td>
<td class="nump">3,265,179<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued interest payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10,412<span></span>
</td>
<td class="nump">10,278<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent', window );">Accrued expenses and other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuredDebt', window );">Asset-backed securities issued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,963,752<span></span>
</td>
<td class="nump">3,013,093<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 2,974,164<span></span>
</td>
<td class="nump">$ 3,023,371<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated', window );">Number of VIEs | investment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">14<span></span>
</td>
<td class="nump">14<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Residential loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Business purpose loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,212,526<span></span>
</td>
<td class="nump">3,249,194<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Multifamily loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestReceivable', window );">Accrued interest receivable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">6,560<span></span>
</td>
<td class="nump">6,754<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssets', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,860<span></span>
</td>
<td class="nump">646<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,162,771<span></span>
</td>
<td class="nump">2,228,553<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued interest payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,669<span></span>
</td>
<td class="nump">4,846<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent', window );">Accrued expenses and other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuredDebt', window );">Asset-backed securities issued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,725,235<span></span>
</td>
<td class="nump">1,793,620<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,729,904<span></span>
</td>
<td class="nump">$ 1,798,466<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated', window );">Number of VIEs | investment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Residential loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 2,154,351<span></span>
</td>
<td class="nump">$ 2,221,153<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Business purpose loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Multifamily loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember', window );">Freddie Mac K-Series | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestReceivable', window );">Accrued interest receivable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,338<span></span>
</td>
<td class="nump">1,337<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssets', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">490,883<span></span>
</td>
<td class="nump">493,558<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued interest payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,208<span></span>
</td>
<td class="nump">1,177<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent', window );">Accrued expenses and other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuredDebt', window );">Asset-backed securities issued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">460,565<span></span>
</td>
<td class="nump">463,966<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 461,773<span></span>
</td>
<td class="nump">$ 465,143<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated', window );">Number of VIEs | investment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember', window );">Freddie Mac K-Series | Residential loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember', window );">Freddie Mac K-Series | Business purpose loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember', window );">Freddie Mac K-Series | Multifamily loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">489,545<span></span>
</td>
<td class="nump">492,221<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_ExcessServicingEntitiesMember', window );">Servicing Investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">225,723<span></span>
</td>
<td class="nump">251,773<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10,698<span></span>
</td>
<td class="nump">11,579<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">29,518<span></span>
</td>
<td class="nump">23,220<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestReceivable', window );">Accrued interest receivable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,191<span></span>
</td>
<td class="nump">2,334<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssets', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">6,125<span></span>
</td>
<td class="nump">5,723<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">274,255<span></span>
</td>
<td class="nump">294,629<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">192,072<span></span>
</td>
<td class="nump">208,375<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued interest payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">114<span></span>
</td>
<td class="nump">135<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent', window );">Accrued expenses and other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">17,181<span></span>
</td>
<td class="nump">18,353<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuredDebt', window );">Asset-backed securities issued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 209,367<span></span>
</td>
<td class="nump">$ 226,863<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated', window );">Number of VIEs | investment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_ExcessServicingEntitiesMember', window );">Servicing Investment | Residential loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_ExcessServicingEntitiesMember', window );">Servicing Investment | Business purpose loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_ExcessServicingEntitiesMember', window );">Servicing Investment | Multifamily loans, held-for-investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of Variable Interest Entities, Acquired and Consolidated</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.15(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccruedLiabilitiesCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=116870748&amp;loc=SL6758485-165988<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3044-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121566466&amp;loc=d3e6676-107765<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPayableCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of interest payable on debt, including, but not limited to, trade payables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.15(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestPayableCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=116870748&amp;loc=SL6758485-165988<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19-26)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesReceivableNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121599337&amp;loc=SL82919230-210447<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121593590&amp;loc=d3e4428-111522<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesReceivableNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(17))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investments classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.1(f,g))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash and cash equivalents restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=SL98516268-108586<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(1)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3044-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RestrictedCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SecuredDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SecuredDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(19)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_MultifamilyLoansHeldforInvestmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_MultifamilyLoansHeldforInvestmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_ExcessServicingEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_ExcessServicingEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>77
<FILENAME>R63.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774475393976">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Principles of Consolidation - Income (Loss) from Consolidated VIEs Accounted for as Collateralized Financing Entities (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">$ 128,305<span></span>
</td>
<td class="nump">$ 198,081<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(102,552)<span></span>
</td>
<td class="num">(146,671)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="nump">25,753<span></span>
</td>
<td class="nump">51,410<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="nump">45,087<span></span>
</td>
<td class="num">(870,832)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="nump">134,253<span></span>
</td>
<td class="num">(892,954)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(43,551)<span></span>
</td>
<td class="num">(28,682)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="nump">97,257<span></span>
</td>
<td class="num">(943,398)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity, Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">94,871<span></span>
</td>
<td class="nump">124,528<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(72,102)<span></span>
</td>
<td class="num">(102,072)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="nump">22,769<span></span>
</td>
<td class="nump">22,456<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="nump">15,705<span></span>
</td>
<td class="num">(378,459)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="nump">15,705<span></span>
</td>
<td class="num">(378,459)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(38)<span></span>
</td>
<td class="num">(31)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonrecurringIncomeExpense', window );">Other expenses</a></td>
<td class="num">(330)<span></span>
</td>
<td class="nump">1,882<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="nump">38,106<span></span>
</td>
<td class="num">(354,152)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember', window );">Legacy Sequoia | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">1,348<span></span>
</td>
<td class="nump">3,194<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(875)<span></span>
</td>
<td class="num">(2,522)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="nump">473<span></span>
</td>
<td class="nump">672<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="num">(699)<span></span>
</td>
<td class="num">(391)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="num">(699)<span></span>
</td>
<td class="num">(391)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonrecurringIncomeExpense', window );">Other expenses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="num">(226)<span></span>
</td>
<td class="nump">281<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember', window );">Sequoia Choice | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">15,483<span></span>
</td>
<td class="nump">25,083<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(12,106)<span></span>
</td>
<td class="num">(21,510)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="nump">3,377<span></span>
</td>
<td class="nump">3,573<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="nump">4,898<span></span>
</td>
<td class="num">(69,668)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="nump">4,898<span></span>
</td>
<td class="num">(69,668)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonrecurringIncomeExpense', window );">Other expenses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="nump">8,275<span></span>
</td>
<td class="num">(66,095)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">20,159<span></span>
</td>
<td class="nump">21,986<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(14,468)<span></span>
</td>
<td class="num">(16,176)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="nump">5,691<span></span>
</td>
<td class="nump">5,810<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="nump">4,117<span></span>
</td>
<td class="num">(142,161)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="nump">4,117<span></span>
</td>
<td class="num">(142,161)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonrecurringIncomeExpense', window );">Other expenses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="nump">9,808<span></span>
</td>
<td class="num">(136,351)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember', window );">Freddie Mac K-Series | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">4,786<span></span>
</td>
<td class="nump">40,172<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(4,356)<span></span>
</td>
<td class="num">(38,348)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="nump">430<span></span>
</td>
<td class="nump">1,824<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="nump">8,921<span></span>
</td>
<td class="num">(86,509)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="nump">8,921<span></span>
</td>
<td class="num">(86,509)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonrecurringIncomeExpense', window );">Other expenses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="nump">9,351<span></span>
</td>
<td class="num">(84,685)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">48,873<span></span>
</td>
<td class="nump">30,010<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(39,011)<span></span>
</td>
<td class="num">(21,939)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="nump">9,862<span></span>
</td>
<td class="nump">8,071<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="num">(286)<span></span>
</td>
<td class="num">(67,846)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="num">(286)<span></span>
</td>
<td class="num">(67,846)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonrecurringIncomeExpense', window );">Other expenses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="nump">9,576<span></span>
</td>
<td class="num">(59,775)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_ExcessServicingEntitiesMember', window );">Servicing Investment | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">4,222<span></span>
</td>
<td class="nump">4,083<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(1,286)<span></span>
</td>
<td class="num">(1,577)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="nump">2,936<span></span>
</td>
<td class="nump">2,506<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="num">(1,246)<span></span>
</td>
<td class="num">(11,884)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="num">(1,246)<span></span>
</td>
<td class="num">(11,884)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(38)<span></span>
</td>
<td class="num">(31)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonrecurringIncomeExpense', window );">Other expenses</a></td>
<td class="num">(330)<span></span>
</td>
<td class="nump">1,882<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="nump">$ 1,322<span></span>
</td>
<td class="num">$ (7,527)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestAndDividendIncomeOperating">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.1-5)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestAndDividendIncomeOperating</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=119993939&amp;loc=d3e28555-108399<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (210.5-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestIncomeExpenseNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net amount of operating interest income (expense).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.10)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestIncomeExpenseNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669619-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 31<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8924-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=109222650&amp;loc=SL51721683-107760<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22595-107794<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669625-108580<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22499-107794<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22663-107794<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22583-107794<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=SL5780133-109256<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22658-107794<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoninterestIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.13)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NoninterestIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherNonrecurringIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of other expense (income) that is infrequent in occurrence or unusual in nature.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=114868883&amp;loc=SL114871943-224233<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherNonrecurringIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrealizedGainLossOnInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unrealized gain (loss) on investment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrealizedGainLossOnInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_ExcessServicingEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_ExcessServicingEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>78
<FILENAME>R64.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774459351912">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Principles of Consolidation - Securitization Activity Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details) - Variable Interest Entity, Not Primary Beneficiary - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod', window );">Principal balance of loans transferred</a></td>
<td class="nump">$ 875,879<span></span>
</td>
<td class="nump">$ 1,573,703<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_TradingSecuritiesMember', window );">Trading securities retained, at fair value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SecuritiesRetainedAtFairValueDuringPeriod', window );">Securities retained, at fair value</a></td>
<td class="nump">6,549<span></span>
</td>
<td class="nump">43,362<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_AvailableforsaleSecuritiesMember', window );">AFS securities retained, at fair value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SecuritiesRetainedAtFairValueDuringPeriod', window );">Securities retained, at fair value</a></td>
<td class="nump">$ 1,078<span></span>
</td>
<td class="nump">$ 3,198<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Principal Amount Of Loans Securitized During Period</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_SecuritiesRetainedAtFairValueDuringPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Securities Retained At Fair Value During Period</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_SecuritiesRetainedAtFairValueDuringPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_TradingSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_TradingSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=us-gaap_AvailableforsaleSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=us-gaap_AvailableforsaleSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>79
<FILENAME>R65.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457113512">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Principles of Consolidation - Cash Flows Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details) - Variable Interest Entity, Not Primary Beneficiary - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers', window );">Proceeds from new transfers</a></td>
<td class="nump">$ 904,390<span></span>
</td>
<td class="nump">$ 1,610,761<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees', window );">MSR fees received</a></td>
<td class="nump">1,607<span></span>
</td>
<td class="nump">2,690<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances', window );">Funding of compensating interest, net</a></td>
<td class="num">(100)<span></span>
</td>
<td class="num">(92)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest', window );">Cash flows received on retained securities</a></td>
<td class="nump">$ 8,629<span></span>
</td>
<td class="nump">$ 6,581<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash Flows between a transferor and a transferee attributable to newly transferred assets related to either a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107207-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash flows between transferor and transferee in payment of service fees in advance, prior to or in contemplation of a securitization, asset-backed financing arrangement, or similar transfer in which the transferor will have continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)(4)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107207-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash Flows between a transferee and a transferor attributable to servicing fees related to a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)(4)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107207-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash flows between transferee and transferor in payment of the transferor's beneficial interest related to a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>80
<FILENAME>R66.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774468934280">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Principles of Consolidation - Assumptions Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details) - Variable Interest Entity, Not Primary Beneficiary<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_SeniorSecuritiesMember', window );">Senior IO Securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems', window );"><strong>Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed', window );">Prepayment rates</a></td>
<td class="nump">12.00%<span></span>
</td>
<td class="nump">41.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate', window );">Discount rates</a></td>
<td class="nump">15.00%<span></span>
</td>
<td class="nump">16.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses', window );">Credit loss assumptions</a></td>
<td class="nump">0.22%<span></span>
</td>
<td class="nump">0.21%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_SubordinateSecuritiesMember', window );">Subordinate Securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems', window );"><strong>Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed', window );">Prepayment rates</a></td>
<td class="nump">12.00%<span></span>
</td>
<td class="nump">13.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate', window );">Discount rates</a></td>
<td class="nump">6.00%<span></span>
</td>
<td class="nump">6.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses', window );">Credit loss assumptions</a></td>
<td class="nump">0.22%<span></span>
</td>
<td class="nump">0.22%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Discount rate which is used to value residual cash flows generated by financial assets of the securitization, asset-backed financing arrangement, or similar transfer for initial fair value measurement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107207-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Rate at which principal will not be repaid on securitized financial assets, including for example, but not limited to, expected static pool losses for initial fair value measurement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107207-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Estimated rate of prepayment of principal on financial assets for initial fair value measurement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107207-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_SeniorSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_SeniorSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_SubordinateSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_SubordinateSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>81
<FILENAME>R67.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774466872712">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Principles of Consolidation - Summary of Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>On-balance sheet assets, at fair value:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities', window );">Subordinate securities, classified as AFS</a></td>
<td class="nump">$ 218,930<span></span>
</td>
<td class="nump">$ 218,458<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">Servicing asset, fair value</a></td>
<td class="nump">192,852<span></span>
</td>
<td class="nump">217,656<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember', window );">Variable Interest Entity, Not Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>On-balance sheet assets, at fair value:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount', window );">Maximum loss exposure</a></td>
<td class="nump">170,972<span></span>
</td>
<td class="nump">165,870<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract', window );"><strong>Assets transferred:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding', window );">Principal balance of loans outstanding</a></td>
<td class="nump">7,188,320<span></span>
</td>
<td class="nump">7,728,432<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod', window );">Principal balance of loans 30+ days delinquent</a></td>
<td class="nump">88,671<span></span>
</td>
<td class="nump">138,029<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_InterestOnlyStripAndSeniorSecuritiesMember', window );">Interest-only, senior and subordinate securities, classified as trading | Variable Interest Entity, Not Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>On-balance sheet assets, at fair value:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecuritiesDebt', window );">Interest-only, senior and subordinate securities, classified as trading</a></td>
<td class="nump">21,692<span></span>
</td>
<td class="nump">20,982<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_SeniorAndSubordinatedSecuritiesMember', window );">Subordinate securities, classified as AFS | Variable Interest Entity, Not Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>On-balance sheet assets, at fair value:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities', window );">Subordinate securities, classified as AFS</a></td>
<td class="nump">141,632<span></span>
</td>
<td class="nump">136,475<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsMember', window );">Mortgage servicing rights</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>On-balance sheet assets, at fair value:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">Servicing asset, fair value</a></td>
<td class="nump">7,945<span></span>
</td>
<td class="nump">8,815<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsMember', window );">Mortgage servicing rights | Variable Interest Entity, Not Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>On-balance sheet assets, at fair value:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">Servicing asset, fair value</a></td>
<td class="nump">$ 7,648<span></span>
</td>
<td class="nump">$ 8,413<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsFairValueDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsFairValueDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(6))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=121558606&amp;loc=SL82898722-210454<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121553693&amp;loc=d3e26610-111562<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (aa)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27161-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is the amount of the financial instruments that are considered delinquent (past due) at the end of the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (e)(4)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of transferred financial assets in which the transferor has continuing involvement with the assets underlying the transaction that have been derecognized. Continuing involvement includes, but is not limited to, servicing, recourse, and restrictions on transferor's interests in transferred financial assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ServicingAssetAtFairValueAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122492-111745<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=116651436&amp;loc=d3e122625-111746<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ServicingAssetAtFairValueAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TradingSecuritiesDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at fair value with change in fair value recognized in net income (trading).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121553693&amp;loc=d3e26610-111562<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=121553693&amp;loc=d3e26610-111562<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TradingSecuritiesDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The reporting entity's maximum amount of exposure to loss as a result of its involvement with the Variable Interest Entity (VIE).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5747-111685<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Subparagraph b<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5728-111685<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_InterestOnlyStripAndSeniorSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_InterestOnlyStripAndSeniorSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_SeniorAndSubordinatedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_SeniorAndSubordinatedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>82
<FILENAME>R68.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774553910104">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Principles of Consolidation - Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details) - Variable Interest Entity, Not Primary Beneficiary - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_MortgageServicingRightsMember', window );">MSRs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems', window );"><strong>Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue', window );">Fair value</a></td>
<td class="nump">$ 7,648<span></span>
</td>
<td class="nump">$ 8,413<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1', window );">Expected life (in years)</a></td>
<td class="text">2 years<span></span>
</td>
<td class="text">2 years<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent', window );">Prepayment speed assumption (annual CPR)</a></td>
<td class="nump">38.00%<span></span>
</td>
<td class="nump">37.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract', window );"><strong>Decrease in fair value from:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed', window );">10% adverse change</a></td>
<td class="nump">$ 786<span></span>
</td>
<td class="nump">$ 906<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed', window );">25% adverse change</a></td>
<td class="nump">$ 1,752<span></span>
</td>
<td class="nump">$ 2,058<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent', window );">Discount rate assumption</a></td>
<td class="nump">12.00%<span></span>
</td>
<td class="nump">12.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract', window );"><strong>Decrease in fair value from:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate', window );">100 basis point increase</a></td>
<td class="nump">$ 176<span></span>
</td>
<td class="nump">$ 196<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate', window );">200 basis point increase</a></td>
<td class="nump">346<span></span>
</td>
<td class="nump">380<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_SeniorSecuritiesMember', window );">Senior Securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems', window );"><strong>Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue', window );">Fair value</a></td>
<td class="nump">$ 21,692<span></span>
</td>
<td class="nump">$ 17,333<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1', window );">Expected life (in years)</a></td>
<td class="text">4 years<span></span>
</td>
<td class="text">3 years<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent', window );">Prepayment speed assumption (annual CPR)</a></td>
<td class="nump">27.00%<span></span>
</td>
<td class="nump">31.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract', window );"><strong>Decrease in fair value from:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed', window );">10% adverse change</a></td>
<td class="nump">$ 1,541<span></span>
</td>
<td class="nump">$ 1,557<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed', window );">25% adverse change</a></td>
<td class="nump">$ 3,508<span></span>
</td>
<td class="nump">$ 3,754<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent', window );">Discount rate assumption</a></td>
<td class="nump">19.00%<span></span>
</td>
<td class="nump">21.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract', window );"><strong>Decrease in fair value from:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate', window );">100 basis point increase</a></td>
<td class="nump">$ 477<span></span>
</td>
<td class="nump">$ 337<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate', window );">200 basis point increase</a></td>
<td class="nump">$ 930<span></span>
</td>
<td class="nump">$ 659<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent', window );">Credit loss assumption</a></td>
<td class="nump">0.40%<span></span>
</td>
<td class="nump">0.41%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract', window );"><strong>Decrease in fair value from:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses', window );">10% higher losses</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss', window );">25% higher losses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_SubordinateSecuritiesMember', window );">Subordinate Securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems', window );"><strong>Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue', window );">Fair value</a></td>
<td class="nump">$ 141,632<span></span>
</td>
<td class="nump">$ 140,124<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1', window );">Expected life (in years)</a></td>
<td class="text">8 years<span></span>
</td>
<td class="text">8 years<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent', window );">Prepayment speed assumption (annual CPR)</a></td>
<td class="nump">33.00%<span></span>
</td>
<td class="nump">33.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract', window );"><strong>Decrease in fair value from:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed', window );">10% adverse change</a></td>
<td class="nump">$ 288<span></span>
</td>
<td class="nump">$ 452<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed', window );">25% adverse change</a></td>
<td class="nump">$ 759<span></span>
</td>
<td class="nump">$ 2,298<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent', window );">Discount rate assumption</a></td>
<td class="nump">4.00%<span></span>
</td>
<td class="nump">5.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract', window );"><strong>Decrease in fair value from:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate', window );">100 basis point increase</a></td>
<td class="nump">$ 9,937<span></span>
</td>
<td class="nump">$ 9,769<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate', window );">200 basis point increase</a></td>
<td class="nump">$ 18,961<span></span>
</td>
<td class="nump">$ 18,650<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent', window );">Credit loss assumption</a></td>
<td class="nump">0.40%<span></span>
</td>
<td class="nump">0.41%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract', window );"><strong>Decrease in fair value from:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses', window );">10% higher losses</a></td>
<td class="nump">$ 2,519<span></span>
</td>
<td class="nump">$ 2,409<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss', window );">25% higher losses</a></td>
<td class="nump">$ 6,187<span></span>
</td>
<td class="nump">$ 5,915<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_RangeAxis=srt_MinimumMember', window );">Minimum | MSRs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract', window );"><strong>Decrease in fair value from:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent', window );">Impact of adverse change in prepayment speed</a></td>
<td class="nump">10.00%<span></span>
</td>
<td class="nump">10.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent', window );">Impact of increase in discount rate assumption</a></td>
<td class="nump">1.00%<span></span>
</td>
<td class="nump">1.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent', window );">Impact of adverse change in expected credit losses</a></td>
<td class="nump">10.00%<span></span>
</td>
<td class="nump">10.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_RangeAxis=srt_MinimumMember', window );">Minimum | Senior Securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract', window );"><strong>Decrease in fair value from:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent', window );">Impact of adverse change in prepayment speed</a></td>
<td class="nump">10.00%<span></span>
</td>
<td class="nump">10.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent', window );">Impact of increase in discount rate assumption</a></td>
<td class="nump">1.00%<span></span>
</td>
<td class="nump">1.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent', window );">Impact of adverse change in expected credit losses</a></td>
<td class="nump">10.00%<span></span>
</td>
<td class="nump">10.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_RangeAxis=srt_MinimumMember', window );">Minimum | Subordinate Securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract', window );"><strong>Decrease in fair value from:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent', window );">Impact of adverse change in prepayment speed</a></td>
<td class="nump">10.00%<span></span>
</td>
<td class="nump">10.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent', window );">Impact of increase in discount rate assumption</a></td>
<td class="nump">1.00%<span></span>
</td>
<td class="nump">1.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent', window );">Impact of adverse change in expected credit losses</a></td>
<td class="nump">10.00%<span></span>
</td>
<td class="nump">10.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_RangeAxis=srt_MaximumMember', window );">Maximum | MSRs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract', window );"><strong>Decrease in fair value from:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent', window );">Impact of adverse change in prepayment speed</a></td>
<td class="nump">25.00%<span></span>
</td>
<td class="nump">25.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent', window );">Impact of increase in discount rate assumption</a></td>
<td class="nump">2.00%<span></span>
</td>
<td class="nump">2.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent', window );">Impact of adverse change in expected credit losses</a></td>
<td class="nump">25.00%<span></span>
</td>
<td class="nump">25.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_RangeAxis=srt_MaximumMember', window );">Maximum | Senior Securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract', window );"><strong>Decrease in fair value from:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent', window );">Impact of adverse change in prepayment speed</a></td>
<td class="nump">25.00%<span></span>
</td>
<td class="nump">25.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent', window );">Impact of increase in discount rate assumption</a></td>
<td class="nump">2.00%<span></span>
</td>
<td class="nump">2.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent', window );">Impact of adverse change in expected credit losses</a></td>
<td class="nump">25.00%<span></span>
</td>
<td class="nump">25.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_RangeAxis=srt_MaximumMember', window );">Maximum | Subordinate Securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract', window );"><strong>Decrease in fair value from:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent', window );">Impact of adverse change in prepayment speed</a></td>
<td class="nump">25.00%<span></span>
</td>
<td class="nump">25.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent', window );">Impact of increase in discount rate assumption</a></td>
<td class="nump">2.00%<span></span>
</td>
<td class="nump">2.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent', window );">Impact of adverse change in expected credit losses</a></td>
<td class="nump">25.00%<span></span>
</td>
<td class="nump">25.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sensitivity Analysis of Fair Value of Interests that Continue to be Held by Transferor, Servicing Assets or Liabilities [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of Adverse Change In Expected Credit Losses [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of Adverse Change In Prepayment Speed [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The hypothetical financial impact of a 200 basis point adverse change of the discount rate on the fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sensitivity Analysis Of Fair Value, Transferor's Interests In Transferred Financial Assets, Impact Of Adverse Change In Expected Credit Losses, Percent</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sensitivity Analysis Of Fair Value, Transferor's Interests In Transferred Financial Assets, Impact Of Adverse Change In Prepayment Speed, Percent</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sensitivity Analysis Of Fair Value, Transferor's Interests In Transferred Financial Assets, Impact On Discount Rate Of Basis Point Increase, Percent</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average life of securitized assets regardless of when the transfer occurred, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The carrying amount (fair value) as of the balance sheet date of the transferor's interests in transferred financial assets (typically securitized receivables, generally not involved in the collection of principal) following transfer of significant portions of such financial instruments to other parties. Such interests could be ancillary cash flows and interest-only strips.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestsContinuedToBeHeldByTransferorFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The hypothetical financial impact of a 10 percent adverse change of the expected credit losses, including expected static pool losses, on the fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The hypothetical financial impact of a 10 percent adverse change of prepayment speed on the fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The hypothetical financial impact of a specified adverse percentage change in discount rate on the fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A specified percentage variance in the discount rate assumption in the determination of fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The hypothetical financial impact of a specified adverse percentage change in prepayment speed on the fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A specified percentage variance in the prepayment speed assumption in the determination of fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The hypothetical financial impact of a specified adverse percentage change in expected credit losses, including static pool losses, on the fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A specified percentage variance in the expected credit losses assumption, including static pool losses, in the determination of fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_MortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_MortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_SeniorSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_SeniorSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_SubordinateSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_SubordinateSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>83
<FILENAME>R69.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774470158744">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Principles of Consolidation - Summary of Redwood's Interest in Third-Party Variable Interest Entity's (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 364,320<span></span>
</td>
<td class="nump">$ 344,125<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_RealEstateInvestmentMember', window );">Other assets | Variable Interest Entity, Not Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">214,263<span></span>
</td>
<td class="nump">200,801<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_RealEstateInvestmentMember', window );">Other assets | Senior | Variable Interest Entity, Not Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9,888<span></span>
</td>
<td class="nump">11,131<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_RealEstateInvestmentMember', window );">Other assets | Mezzanine | Variable Interest Entity, Not Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">2,014<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_RealEstateInvestmentMember', window );">Other assets | Subordinate | Variable Interest Entity, Not Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">191,108<span></span>
</td>
<td class="nump">173,523<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_RealEstateInvestmentMember', window );">Other assets | Total Mortgage-Backed Securities | Variable Interest Entity, Not Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">200,996<span></span>
</td>
<td class="nump">186,668<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_RealEstateInvestmentMember', window );">Other assets | Excess MSR | Variable Interest Entity, Not Primary Beneficiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 13,267<span></span>
</td>
<td class="nump">$ 14,133<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MarketableSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in marketable security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MarketableSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_RealEstateInvestmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_RealEstateInvestmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_SeniorSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_SeniorSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_RealEstateSecuritiesPrimeMezzanineMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_RealEstateSecuritiesPrimeMezzanineMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_SubordinateSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_SubordinateSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_ExcessMortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_ExcessMortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>84
<FILENAME>R70.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774460837064">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Fair Value of Financial Instruments - Carrying Values and Estimated Fair Values of Assets and Liabilities (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 145,390<span></span>
</td>
<td class="nump">$ 125,667<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">192,852<span></span>
</td>
<td class="nump">217,656<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Derivative assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">129,924<span></span>
</td>
<td class="nump">53,238<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue', window );">Pledged collateral</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">1,177<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">73,178<span></span>
</td>
<td class="nump">16,072<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFairValue', window );">ABS issued, net, Fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">6,475,472<span></span>
</td>
<td class="nump">6,900,362<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Residential Loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">206,525<span></span>
</td>
<td class="nump">231,489<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember', window );">Carrying Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">364,320<span></span>
</td>
<td class="nump">344,125<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsFairValueDisclosure', window );">Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">426,019<span></span>
</td>
<td class="nump">461,260<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure', window );">Restricted cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">95,775<span></span>
</td>
<td class="nump">83,190<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Derivative assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">129,924<span></span>
</td>
<td class="nump">53,238<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableFairValueDisclosure', window );">Margin receivable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">16,283<span></span>
</td>
<td class="nump">4,758<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure', window );">FHLBC stock</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,000<span></span>
</td>
<td class="nump">5,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue', window );">Pledged collateral</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">1,177<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MarginPayableFairValueDisclosure', window );">Margin payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">84,306<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteesFairValueDisclosure', window );">Guarantee obligation</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9,238<span></span>
</td>
<td class="nump">10,039<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">73,178<span></span>
</td>
<td class="nump">16,072<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFairValue', window );">ABS issued, net, Fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">6,475,472<span></span>
</td>
<td class="nump">6,900,362<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost', window );">ABS issued, net, Amortized cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">196,205<span></span>
</td>
<td class="nump">200,299<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure', window );">FHLBC long-term borrowings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,000<span></span>
</td>
<td class="nump">1,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations', window );">Other long-term debt, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">786,869<span></span>
</td>
<td class="nump">774,726<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConvertibleDebtFairValueDisclosures', window );">Convertible notes, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">511,707<span></span>
</td>
<td class="nump">511,085<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure', window );">Trust preferred securities and subordinated notes, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">138,686<span></span>
</td>
<td class="nump">138,674<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember', window );">Carrying Value | Servicer advance investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">206,525<span></span>
</td>
<td class="nump">231,489<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember', window );">Carrying Value | MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7,945<span></span>
</td>
<td class="nump">8,815<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember', window );">Carrying Value | Excess MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsFairValueDisclosure', window );">REO</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">32,465<span></span>
</td>
<td class="nump">34,418<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember', window );">Carrying Value | REO</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsFairValueDisclosure', window );">REO</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">15,829<span></span>
</td>
<td class="nump">8,413<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember', window );">Carrying Value | Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShorttermDebtFairValue', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,253,882<span></span>
</td>
<td class="nump">522,609<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember', window );">Carrying Value | Residential Loans | Residential loans, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansHeldForSaleFairValueDisclosure', window );">Loans, held-for-sale</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">996,476<span></span>
</td>
<td class="nump">176,604<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember', window );">Carrying Value | Residential Loans | Residential loans, held-for-investment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansReceivableFairValueDisclosure', window );">Loans receivable, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,705,324<span></span>
</td>
<td class="nump">4,072,410<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember', window );">Carrying Value | Residential Loans | Business purpose residential loans, held-for-sale</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansHeldForSaleFairValueDisclosure', window );">Loans, held-for-sale</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">333,110<span></span>
</td>
<td class="nump">245,394<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember', window );">Carrying Value | Residential Loans | Business purpose loans, held-for-investment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansReceivableFairValueDisclosure', window );">Loans receivable, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,839,010<span></span>
</td>
<td class="nump">3,890,959<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember', window );">Carrying Value | Residential Loans | Multifamily loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansReceivableFairValueDisclosure', window );">Loans receivable, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">489,545<span></span>
</td>
<td class="nump">492,221<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">364,320<span></span>
</td>
<td class="nump">344,125<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsFairValueDisclosure', window );">Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">426,019<span></span>
</td>
<td class="nump">461,260<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure', window );">Restricted cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">95,775<span></span>
</td>
<td class="nump">83,190<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Derivative assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">129,924<span></span>
</td>
<td class="nump">53,238<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableFairValueDisclosure', window );">Margin receivable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">16,283<span></span>
</td>
<td class="nump">4,758<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure', window );">FHLBC stock</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,000<span></span>
</td>
<td class="nump">5,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue', window );">Pledged collateral</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">1,177<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MarginPayableFairValueDisclosure', window );">Margin payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">84,306<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteesFairValueDisclosure', window );">Guarantee obligation</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">6,782<span></span>
</td>
<td class="nump">7,843<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">73,178<span></span>
</td>
<td class="nump">16,072<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFairValue', window );">ABS issued, net, Fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">6,475,472<span></span>
</td>
<td class="nump">6,900,362<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost', window );">ABS issued, net, Amortized cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">200,157<span></span>
</td>
<td class="nump">204,892<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure', window );">FHLBC long-term borrowings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,000<span></span>
</td>
<td class="nump">1,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations', window );">Other long-term debt, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">793,421<span></span>
</td>
<td class="nump">783,570<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConvertibleDebtFairValueDisclosures', window );">Convertible notes, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">522,423<span></span>
</td>
<td class="nump">499,865<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure', window );">Trust preferred securities and subordinated notes, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">97,650<span></span>
</td>
<td class="nump">80,910<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value | Servicer advance investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">206,525<span></span>
</td>
<td class="nump">231,489<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value | MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7,945<span></span>
</td>
<td class="nump">8,815<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value | Excess MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsFairValueDisclosure', window );">REO</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">32,465<span></span>
</td>
<td class="nump">34,418<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value | REO</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsFairValueDisclosure', window );">REO</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">18,176<span></span>
</td>
<td class="nump">9,229<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value | Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShorttermDebtFairValue', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,253,882<span></span>
</td>
<td class="nump">522,609<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value | Residential Loans | Residential loans, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansHeldForSaleFairValueDisclosure', window );">Loans, held-for-sale</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">996,476<span></span>
</td>
<td class="nump">176,604<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value | Residential Loans | Residential loans, held-for-investment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansReceivableFairValueDisclosure', window );">Loans receivable, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,705,324<span></span>
</td>
<td class="nump">4,072,410<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value | Residential Loans | Business purpose residential loans, held-for-sale</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansHeldForSaleFairValueDisclosure', window );">Loans, held-for-sale</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">333,110<span></span>
</td>
<td class="nump">245,394<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value | Residential Loans | Business purpose loans, held-for-investment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansReceivableFairValueDisclosure', window );">Loans receivable, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,839,010<span></span>
</td>
<td class="nump">3,890,959<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value | Residential Loans | Multifamily loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansReceivableFairValueDisclosure', window );">Loans receivable, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">489,545<span></span>
</td>
<td class="nump">492,221<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_HomeAppreciationOptionMember', window );">Shared home appreciation options</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoanHeldForInvestmentAmount', window );">Shared home appreciation options</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">42,440<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_HomeAppreciationOptionMember', window );">Shared home appreciation options | Carrying Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoanHeldForInvestmentAmount', window );">Shared home appreciation options</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">45,823<span></span>
</td>
<td class="nump">42,440<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_HomeAppreciationOptionMember', window );">Shared home appreciation options | Fair Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoanHeldForInvestmentAmount', window );">Shared home appreciation options</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 45,823<span></span>
</td>
<td class="nump">$ 42,440<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Instrument, Asset Backed Securities Issued, Amortized Cost</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_LoanHeldForInvestmentAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loan Held-for-investment, Amount</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_LoanHeldForInvestmentAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MarginPayableFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Margin Payable, Fair Value Disclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MarginPayableFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Restricted Cash and Cash Equivalents, Fair Value Disclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trust Preferred Securities And Subordinated Notes, Net, Fair Value Disclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsReceivableFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121572278&amp;loc=d3e13433-108611<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsReceivableFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConvertibleDebtFairValueDisclosures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of borrowing which can be exchanged for a specified number of another security at the option of the issuer or the holder, for example, but not limited to, the entity's common stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConvertibleDebtFairValueDisclosures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121572278&amp;loc=d3e13433-108611<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226008-175313<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121572278&amp;loc=d3e13433-108611<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121572278&amp;loc=d3e13433-108611<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226008-175313<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of subordinated debt obligations including, but not limited to, subordinated loan, subordinated bond, subordinated debenture or junior debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of borrowing from Federal Home Loan Bank (FHLBank).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.13(3)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GuaranteesFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of guarantee, including, but not limited to, financial standby letter of credit, fair value guarantee, guarantee of collection of scheduled contractual cash flows from financial assets, and contracts that contingently require the guarantor to make payments or perform services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 460<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121555522&amp;loc=d3e12201-110248<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GuaranteesFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of investments in Federal Home Loan Bank (FHLBank) stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansHeldForSaleFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of loans held-for-sale including, but not limited to, mortgage loans and finance receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansHeldForSaleFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansReceivableFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -URI http://asc.fasb.org/subtopic&amp;trid=2196772<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansReceivableFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of other assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssetsFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, as of the date of each statement of financial position presented, of other assets which are owned but transferred to serve as collateral for the payment of the related debt obligation, and that are reclassified and separately reported in the statement of financial position because the transferee has the right by contract or custom to sell or re-pledge them.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66007379&amp;loc=d3e113888-111728<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ServicingAssetAtFairValueAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122492-111745<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=116651436&amp;loc=d3e122625-111746<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ServicingAssetAtFairValueAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShorttermDebtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents the amount of short-term debt existing as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShorttermDebtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TradingSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TradingSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ServicerAdvanceInvestmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ServicerAdvanceInvestmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_MortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_MortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ExcessMortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ExcessMortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_OtherRealEstateOwnedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_OtherRealEstateOwnedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_LineOfCreditMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_LineOfCreditMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_BusinessPurposeResidentialLoansHeldforSaleMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_BusinessPurposeResidentialLoansHeldforSaleMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_MultifamilyLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_MultifamilyLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_HomeAppreciationOptionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_HomeAppreciationOptionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>85
<FILENAME>R71.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457188568">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value of Financial Instruments - Additional Information (Details)<br> $ in Millions</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($)</div>
</th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SecuritiesMember', window );">Securities</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems', window );"><strong>Fair Value Measurement Inputs and Valuation Techniques [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod', window );">Fair value option elected aggregate carrying amount, asset</a></td>
<td class="nump">$ 22<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansMember', window );">Residential loans</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems', window );"><strong>Fair Value Measurement Inputs and Valuation Techniques [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod', window );">Fair value option elected aggregate carrying amount, asset</a></td>
<td class="nump">3,100<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_BusinessPurposeResidentialLoansMember', window );">Business purpose loans</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems', window );"><strong>Fair Value Measurement Inputs and Valuation Techniques [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod', window );">Fair value option elected aggregate carrying amount, asset</a></td>
<td class="nump">$ 386<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair Value, Option, Assets, Aggregate Carrying Amount During Period</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_SecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_SecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_BusinessPurposeResidentialLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_BusinessPurposeResidentialLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>86
<FILENAME>R72.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774462441320">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 145,390<span></span>
</td>
<td class="nump">$ 125,667<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">192,852<span></span>
</td>
<td class="nump">217,656<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Derivative assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">129,924<span></span>
</td>
<td class="nump">53,238<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue', window );">Pledged collateral</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">1,177<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">73,178<span></span>
</td>
<td class="nump">16,072<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFairValue', window );">ABS issued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">6,475,472<span></span>
</td>
<td class="nump">6,900,362<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_BusinessPurposeLoansFairValueDisclosure', window );">Business purpose loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,172,120<span></span>
</td>
<td class="nump">4,136,353<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MultifamilyLoansFairValueDisclosure', window );">Multifamily loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">489,545<span></span>
</td>
<td class="nump">492,221<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">364,320<span></span>
</td>
<td class="nump">344,125<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ServicerAdvanceInvestments', window );">Servicer advance investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">206,525<span></span>
</td>
<td class="nump">231,489<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7,945<span></span>
</td>
<td class="nump">8,815<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ExcessMortgageServicingRightsIOs', window );">Excess MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">32,465<span></span>
</td>
<td class="nump">34,418<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_HomeAppreciationOptionsFairvalueDisclosure', window );">Shared home appreciation options</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">45,823<span></span>
</td>
<td class="nump">42,440<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Derivative assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">129,924<span></span>
</td>
<td class="nump">53,238<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue', window );">Pledged collateral</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,177<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure', window );">FHLBC stock</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,000<span></span>
</td>
<td class="nump">5,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">73,178<span></span>
</td>
<td class="nump">16,072<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFairValue', window );">ABS issued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">6,475,472<span></span>
</td>
<td class="nump">6,900,362<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | Residential Loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesFairValueDisclosure', window );">Residential loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,701,800<span></span>
</td>
<td class="nump">4,249,014<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | Level 1</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_BusinessPurposeLoansFairValueDisclosure', window );">Business purpose loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MultifamilyLoansFairValueDisclosure', window );">Multifamily loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ServicerAdvanceInvestments', window );">Servicer advance investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ExcessMortgageServicingRightsIOs', window );">Excess MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_HomeAppreciationOptionsFairvalueDisclosure', window );">Shared home appreciation options</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Derivative assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">40,800<span></span>
</td>
<td class="nump">18,260<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue', window );">Pledged collateral</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,177<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure', window );">FHLBC stock</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">38,072<span></span>
</td>
<td class="nump">15,495<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFairValue', window );">ABS issued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | Level 1 | Residential Loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesFairValueDisclosure', window );">Residential loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | Level 2</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_BusinessPurposeLoansFairValueDisclosure', window );">Business purpose loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MultifamilyLoansFairValueDisclosure', window );">Multifamily loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ServicerAdvanceInvestments', window );">Servicer advance investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ExcessMortgageServicingRightsIOs', window );">Excess MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_HomeAppreciationOptionsFairvalueDisclosure', window );">Shared home appreciation options</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Derivative assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">87,960<span></span>
</td>
<td class="nump">19,951<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue', window );">Pledged collateral</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure', window );">FHLBC stock</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,000<span></span>
</td>
<td class="nump">5,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFairValue', window );">ABS issued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | Level 2 | Residential Loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesFairValueDisclosure', window );">Residential loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | Level 3</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_BusinessPurposeLoansFairValueDisclosure', window );">Business purpose loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,172,120<span></span>
</td>
<td class="nump">4,136,353<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MultifamilyLoansFairValueDisclosure', window );">Multifamily loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">489,545<span></span>
</td>
<td class="nump">492,221<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">364,320<span></span>
</td>
<td class="nump">344,125<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ServicerAdvanceInvestments', window );">Servicer advance investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">206,525<span></span>
</td>
<td class="nump">231,489<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7,945<span></span>
</td>
<td class="nump">8,815<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ExcessMortgageServicingRightsIOs', window );">Excess MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">32,465<span></span>
</td>
<td class="nump">34,418<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_HomeAppreciationOptionsFairvalueDisclosure', window );">Shared home appreciation options</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">45,823<span></span>
</td>
<td class="nump">42,440<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Derivative assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,164<span></span>
</td>
<td class="nump">15,027<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue', window );">Pledged collateral</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure', window );">FHLBC stock</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">35,106<span></span>
</td>
<td class="nump">577<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFairValue', window );">ABS issued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">6,475,472<span></span>
</td>
<td class="nump">6,900,362<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | Level 3 | Residential Loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesFairValueDisclosure', window );">Residential loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 4,701,800<span></span>
</td>
<td class="nump">$ 4,249,014<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_BusinessPurposeLoansFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Business Purpose Loans, Fair Value Disclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_BusinessPurposeLoansFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ExcessMortgageServicingRightsIOs">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Excess Mortgage Servicing Rights, IOs</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ExcessMortgageServicingRightsIOs</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_HomeAppreciationOptionsFairvalueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Home Appreciation Options, Fair value Disclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_HomeAppreciationOptionsFairvalueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MultifamilyLoansFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Multifamily Loans, Fair Value Disclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MultifamilyLoansFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ServicerAdvanceInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Servicer Advance Investments</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ServicerAdvanceInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsFairValueDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsFairValueDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121572278&amp;loc=d3e13433-108611<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226008-175313<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121572278&amp;loc=d3e13433-108611<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121572278&amp;loc=d3e13433-108611<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226008-175313<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of investments in Federal Home Loan Bank (FHLBank) stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesFairValueDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesFairValueDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, as of the date of each statement of financial position presented, of other assets which are owned but transferred to serve as collateral for the payment of the related debt obligation, and that are reclassified and separately reported in the statement of financial position because the transferee has the right by contract or custom to sell or re-pledge them.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66007379&amp;loc=d3e113888-111728<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivablesFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of receivables, including, but not limited to, trade account receivables, note receivables, and loan receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(7))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-02(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13728-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReceivablesFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ServicingAssetAtFairValueAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122492-111745<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=116651436&amp;loc=d3e122625-111746<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ServicingAssetAtFairValueAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TradingSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TradingSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>87
<FILENAME>R73.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774465345176">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value of Financial Instruments - Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Details)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($)</div>
</th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=us-gaap_AssetBackedSecuritiesMember', window );">ABS Issued</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward', window );"><strong>Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Beginning balance - December 31, 2020</a></td>
<td class="nump">$ 6,900,362<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases', window );">Acquisitions</a></td>
<td class="nump">147,086<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns', window );">Principal paydowns</a></td>
<td class="num">(494,234)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings', window );">Gains (losses) in net income (loss), net</a></td>
<td class="num">(77,742)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements', window );">Other settlements, net</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Ending balance - March 31, 2021</a></td>
<td class="nump">6,475,472<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansAtFairValueMember', window );">Residential Loans</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward', window );"><strong>Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance - December 31, 2020</a></td>
<td class="nump">4,249,014<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Acquisitions</a></td>
<td class="nump">3,146,682<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations', window );">Originations</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales</a></td>
<td class="num">(2,348,126)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns', window );">Principal paydowns</a></td>
<td class="num">(369,393)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1', window );">Gains (losses) in net income (loss), net</a></td>
<td class="nump">24,898<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized losses in OCI, net</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Other settlements, net</a></td>
<td class="num">(1,275)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance - March 31, 2021</a></td>
<td class="nump">4,701,800<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_BusinessPurposeResidentialLoansMember', window );">Business purpose loans</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward', window );"><strong>Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance - December 31, 2020</a></td>
<td class="nump">4,136,353<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Acquisitions</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations', window );">Originations</a></td>
<td class="nump">386,327<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales</a></td>
<td class="num">(8,877)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns', window );">Principal paydowns</a></td>
<td class="num">(282,289)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1', window );">Gains (losses) in net income (loss), net</a></td>
<td class="num">(45,987)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized losses in OCI, net</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Other settlements, net</a></td>
<td class="num">(13,407)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance - March 31, 2021</a></td>
<td class="nump">4,172,120<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_MultifamilyLoansMember', window );">Multifamily loans</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward', window );"><strong>Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance - December 31, 2020</a></td>
<td class="nump">492,221<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Acquisitions</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations', window );">Originations</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns', window );">Principal paydowns</a></td>
<td class="num">(1,946)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1', window );">Gains (losses) in net income (loss), net</a></td>
<td class="num">(730)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized losses in OCI, net</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Other settlements, net</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance - March 31, 2021</a></td>
<td class="nump">489,545<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_TradingSecuritiesMember', window );">Trading securities</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward', window );"><strong>Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance - December 31, 2020</a></td>
<td class="nump">125,667<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Acquisitions</a></td>
<td class="nump">22,429<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations', window );">Originations</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales</a></td>
<td class="num">(23,546)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns', window );">Principal paydowns</a></td>
<td class="num">(509)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1', window );">Gains (losses) in net income (loss), net</a></td>
<td class="nump">21,349<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized losses in OCI, net</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Other settlements, net</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance - March 31, 2021</a></td>
<td class="nump">145,390<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_AvailableforsaleSecuritiesMember', window );">AFS Securities</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward', window );"><strong>Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance - December 31, 2020</a></td>
<td class="nump">218,458<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Acquisitions</a></td>
<td class="nump">1,078<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations', window );">Originations</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales</a></td>
<td class="num">(2,200)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns', window );">Principal paydowns</a></td>
<td class="num">(11,238)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1', window );">Gains (losses) in net income (loss), net</a></td>
<td class="nump">4,596<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized losses in OCI, net</a></td>
<td class="nump">8,236<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Other settlements, net</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance - March 31, 2021</a></td>
<td class="nump">218,930<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember', window );">Servicer Advance Investments</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward', window );"><strong>Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance - December 31, 2020</a></td>
<td class="nump">231,489<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Acquisitions</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations', window );">Originations</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns', window );">Principal paydowns</a></td>
<td class="num">(24,804)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1', window );">Gains (losses) in net income (loss), net</a></td>
<td class="num">(160)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized losses in OCI, net</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Other settlements, net</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance - March 31, 2021</a></td>
<td class="nump">206,525<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember', window );">MSRs</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward', window );"><strong>Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance - December 31, 2020</a></td>
<td class="nump">8,815<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Acquisitions</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations', window );">Originations</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns', window );">Principal paydowns</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1', window );">Gains (losses) in net income (loss), net</a></td>
<td class="num">(870)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized losses in OCI, net</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Other settlements, net</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance - March 31, 2021</a></td>
<td class="nump">7,945<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember', window );">Excess MSRs</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward', window );"><strong>Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance - December 31, 2020</a></td>
<td class="nump">34,418<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Acquisitions</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations', window );">Originations</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns', window );">Principal paydowns</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1', window );">Gains (losses) in net income (loss), net</a></td>
<td class="num">(1,953)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized losses in OCI, net</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Other settlements, net</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance - March 31, 2021</a></td>
<td class="nump">32,465<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember', window );">Shared Home Appreciation Options</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward', window );"><strong>Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance - December 31, 2020</a></td>
<td class="nump">42,440<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Acquisitions</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations', window );">Originations</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns', window );">Principal paydowns</a></td>
<td class="num">(1,932)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1', window );">Gains (losses) in net income (loss), net</a></td>
<td class="nump">5,315<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized losses in OCI, net</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Other settlements, net</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance - March 31, 2021</a></td>
<td class="nump">45,823<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_DerivativeFinancialInstrumentsAssetsMember', window );">Derivatives</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward', window );"><strong>Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance - December 31, 2020</a></td>
<td class="nump">14,450<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Acquisitions</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns', window );">Principal paydowns</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1', window );">Gains (losses) in net income (loss), net</a></td>
<td class="num">(52,761)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Other settlements, net</a></td>
<td class="nump">4,369<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance - March 31, 2021</a></td>
<td class="num">$ (33,942)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Principal paydowns, including calls and maturities, that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Originations</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Paydowns</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of gain (loss) recognized in other comprehensive income (OCI) from asset measured at fair value on recurring basis using unobservable input (level 3).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1a)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of purchases of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of sale of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of settlement of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of gain (loss) recognized in income from liability measured at fair value on recurring basis using unobservable input (level 3).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of purchases of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of settlements of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByLiabilityClassAxis=us-gaap_AssetBackedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByLiabilityClassAxis=us-gaap_AssetBackedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_BusinessPurposeResidentialLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_BusinessPurposeResidentialLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_MultifamilyLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_MultifamilyLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_TradingSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_TradingSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=us-gaap_AvailableforsaleSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=us-gaap_AvailableforsaleSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=us-gaap_DerivativeFinancialInstrumentsAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=us-gaap_DerivativeFinancialInstrumentsAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>88
<FILENAME>R74.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774461872664">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value of Financial Instruments - Portion of Net Gains (Losses) Attributable to Level 3 Assets and Liabilities Still Held Included in Net Income (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown', window );">Net gains (losses) attributable to level 3 liabilities still held included in net income</a></td>
<td class="num">$ (35,661)<span></span>
</td>
<td class="num">$ (3,967)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_ContingentConsiderationMember', window );">Contingent consideration</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown', window );">Net gains (losses) attributable to level 3 liabilities still held included in net income</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(312)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember', window );">Held-for-investment at fair value | Residential loans at Redwood</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown', window );">Net gains (losses) attributable to level 3 assets still held included in net income</a></td>
<td class="num">(9,978)<span></span>
</td>
<td class="num">(102,867)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember', window );">Held-for-investment at fair value | Sequoia Choice</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown', window );">Net gains (losses) attributable to level 3 assets still held included in net income</a></td>
<td class="nump">4,201<span></span>
</td>
<td class="num">(179,499)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember', window );">Held-for-investment at fair value | Freddie Mac SLST</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown', window );">Net gains (losses) attributable to level 3 assets still held included in net income</a></td>
<td class="nump">4,088<span></span>
</td>
<td class="num">(193,035)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_BusinessPurposeResidentialLoansMember', window );">Business purpose loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown', window );">Net gains (losses) attributable to level 3 assets still held included in net income</a></td>
<td class="nump">5,104<span></span>
</td>
<td class="num">(68,864)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_MultifamilyLoansMember', window );">Multifamily loans | Freddie Mac K-Series</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown', window );">Net gains (losses) attributable to level 3 assets still held included in net income</a></td>
<td class="nump">8,921<span></span>
</td>
<td class="num">(10,351)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyRentalLoansMember', window );">Single family rental loans | CAFL</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown', window );">Net gains (losses) attributable to level 3 assets still held included in net income</a></td>
<td class="nump">370<span></span>
</td>
<td class="num">(271,917)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_TradingSecuritiesMember', window );">Trading securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown', window );">Net gains (losses) attributable to level 3 assets still held included in net income</a></td>
<td class="nump">490<span></span>
</td>
<td class="num">(136,359)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember', window );">Servicer advance investments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown', window );">Net gains (losses) attributable to level 3 assets still held included in net income</a></td>
<td class="num">(160)<span></span>
</td>
<td class="num">(6,062)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember', window );">MSRs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown', window );">Net gains (losses) attributable to level 3 assets still held included in net income</a></td>
<td class="nump">756<span></span>
</td>
<td class="num">(16,640)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember', window );">Excess MSRs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown', window );">Net gains (losses) attributable to level 3 assets still held included in net income</a></td>
<td class="num">(1,952)<span></span>
</td>
<td class="num">(9,494)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember', window );">Shared home appreciation options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown', window );">Net gains (losses) attributable to level 3 assets still held included in net income</a></td>
<td class="nump">5,315<span></span>
</td>
<td class="num">(7,554)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown', window );">Net gains (losses) attributable to level 3 assets still held included in net income</a></td>
<td class="nump">$ 1,053<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included In Earnings, Excluding Sold, Matured, Called, Or Written Down</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included In Earnings, Excluding Sold, Matured, Called, Or Written Down</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByLiabilityClassAxis=us-gaap_LoanPurchaseCommitmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByLiabilityClassAxis=us-gaap_LoanPurchaseCommitmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByLiabilityClassAxis=rwt_ContingentConsiderationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByLiabilityClassAxis=rwt_ContingentConsiderationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=rwt_ResidentialLoansHeldAtRedwoodMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=rwt_ResidentialLoansHeldAtRedwoodMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_BusinessPurposeResidentialLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_BusinessPurposeResidentialLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_MultifamilyLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_MultifamilyLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyRentalLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyRentalLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=rwt_CAFLSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=rwt_CAFLSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_TradingSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_TradingSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>89
<FILENAME>R75.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774466420136">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on Non-Recurring Basis (Details) - Fair Value, Measurements, Nonrecurring - REO<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsFairValueDisclosure', window );">REO</a></td>
<td class="nump">$ 1,316<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionChangesInFairValueGainLoss1', window );">Gain (Loss) on assets measured at fair value on a non-recurring basis</a></td>
<td class="num">(3)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsNonrecurringMember', window );">Level 1</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsFairValueDisclosure', window );">REO</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsNonrecurringMember', window );">Level 2</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsFairValueDisclosure', window );">REO</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsNonrecurringMember', window );">Level 3</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsFairValueDisclosure', window );">REO</a></td>
<td class="nump">$ 1,316<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOptionChangesInFairValueGainLoss1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14172-108612<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueOptionChangesInFairValueGainLoss1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of other assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssetsFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsNonrecurringMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsNonrecurringMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_OtherRealEstateOwnedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_OtherRealEstateOwnedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>90
<FILENAME>R76.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774468570248">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value of Financial Instruments - Market Valuation Adjustments, Net (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageServicingRightsIncomeLossNet', window );">Other Income</a></td>
<td class="nump">$ 697<span></span>
</td>
<td class="num">$ (1,809)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MarketValuationAdjustmentsNet', window );">Total Market Valuation Gains (Losses), Net</a></td>
<td class="nump">119,783<span></span>
</td>
<td class="num">(912,477)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_MortgageBankingActivitiesMember', window );">Mortgage Banking Activities, Net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">75,562<span></span>
</td>
<td class="num">(37,003)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_MortgageBankingActivitiesMember', window );">Mortgage Banking Activities, Net | Residential loans, at fair value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">23,112<span></span>
</td>
<td class="num">(13,480)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_MortgageBankingActivitiesMember', window );">Mortgage Banking Activities, Net | Residential loan purchase and forward sale commitments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="num">(52,385)<span></span>
</td>
<td class="nump">21,435<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_MortgageBankingActivitiesMember', window );">Mortgage Banking Activities, Net | Single-family rental loans held-for-sale, at fair value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">10,248<span></span>
</td>
<td class="nump">11,467<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_MortgageBankingActivitiesMember', window );">Mortgage Banking Activities, Net | Single-family rental loan purchase and interest rate lock commitments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">341<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_MortgageBankingActivitiesMember', window );">Mortgage Banking Activities, Net | Bridge loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">1,044<span></span>
</td>
<td class="num">(3,934)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_MortgageBankingActivitiesMember', window );">Mortgage Banking Activities, Net | Trading securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">721<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_MortgageBankingActivitiesMember', window );">Mortgage Banking Activities, Net | Risk management derivatives, net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">92,822<span></span>
</td>
<td class="num">(52,832)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember', window );">Investment Fair Value Changes, Net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">45,087<span></span>
</td>
<td class="num">(870,832)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember', window );">Investment Fair Value Changes, Net | Trading securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">20,628<span></span>
</td>
<td class="num">(263,325)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember', window );">Investment Fair Value Changes, Net | Risk management derivatives, net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(59,142)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember', window );">Investment Fair Value Changes, Net | Residential loans at Redwood</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">317<span></span>
</td>
<td class="num">(93,636)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember', window );">Investment Fair Value Changes, Net | Single-family rental loans held-for-investment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(23,028)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember', window );">Investment Fair Value Changes, Net | Bridge loans held-for-investment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">3,304<span></span>
</td>
<td class="num">(38,602)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember', window );">Investment Fair Value Changes, Net | Servicer advance investments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="num">(160)<span></span>
</td>
<td class="num">(6,062)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember', window );">Investment Fair Value Changes, Net | Excess MSRs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="num">(1,953)<span></span>
</td>
<td class="num">(9,494)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember', window );">Investment Fair Value Changes, Net | Legacy Sequoia</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="num">(699)<span></span>
</td>
<td class="num">(391)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember', window );">Investment Fair Value Changes, Net | Sequoia Choice</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">4,898<span></span>
</td>
<td class="num">(69,669)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember', window );">Investment Fair Value Changes, Net | Freddie Mac SLST</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">4,117<span></span>
</td>
<td class="num">(142,162)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember', window );">Investment Fair Value Changes, Net | Freddie Mac K-Series</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">8,921<span></span>
</td>
<td class="num">(86,509)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember', window );">Investment Fair Value Changes, Net | CAFL</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="num">(286)<span></span>
</td>
<td class="num">(67,846)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember', window );">Investment Fair Value Changes, Net | Shared Home Appreciation Options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">5,315<span></span>
</td>
<td class="num">(7,554)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember', window );">Investment Fair Value Changes, Net | Other investments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">310<span></span>
</td>
<td class="num">(1,887)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember', window );">Investment Fair Value Changes, Net | Credit recoveries (losses) on AFS securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">375<span></span>
</td>
<td class="num">(1,525)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember', window );">Other Income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageServicingRightsIncomeLossNet', window );">Other Income</a></td>
<td class="num">(866)<span></span>
</td>
<td class="num">(4,642)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember', window );">Other Income | Risk management derivatives, net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageServicingRightsIncomeLossNet', window );">Other Income</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">13,966<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember', window );">Other Income | MSRs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageServicingRightsIncomeLossNet', window );">Other Income</a></td>
<td class="num">$ (866)<span></span>
</td>
<td class="num">$ (18,608)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase (Decrease) in Fair Value Adjustments on Assets</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MarketValuationAdjustmentsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate net change in market value for certain assets and liabilities that was included in earnings for the period. This includes changes in market values for assets and liabilities accounted for at fair value, as well as the credit portion of other-than-temporary impairments on securities available for sale, impairments on loans held-for-sale and real estate owned.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MarketValuationAdjustmentsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MortgageServicingRightsIncomeLossNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Includes income (loss) from mortgage banking servicing real estate mortgages, net of subservicing costs, and market valuation changes of MSRs held at fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MortgageServicingRightsIncomeLossNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_MortgageBankingActivitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_MortgageBankingActivitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_LoanPurchaseAndForwardSalesCommitmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_LoanPurchaseAndForwardSalesCommitmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_CommercialLoansAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_CommercialLoansAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_TradingSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_TradingSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=us-gaap_PriceRiskDerivativeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=us-gaap_PriceRiskDerivativeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_InvestmentActivitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansHeldForInvestmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansHeldForInvestmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialBridgeLoansHeldForInvestmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ResidentialBridgeLoansHeldForInvestmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_LegacySequoiaSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_LegacySequoiaSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_CAFLSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_CAFLSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_SharedHomeAppreciationOptionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_SharedHomeAppreciationOptionsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=us-gaap_OtherInvestmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=us-gaap_OtherInvestmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>91
<FILENAME>R77.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774471063512">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value of Financial Instruments - Quantitative Information about Significant Unobservable Inputs Used in Valuation of Level 3 Assets and Liabilities Measured at Fair Value (Details)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($) </div>
<div>$ / loan</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>USD ($)</div>
</th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFairValue', window );">ABS issued, net, Fair value | $</a></td>
<td class="nump">$ 6,475,472<span></span>
</td>
<td class="nump">$ 6,900,362<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_ABSIssuedSecuritiesMember', window );">ABS Issued</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityAtFairValueAmount', window );">ABS issued | $</a></td>
<td class="nump">$ 1,325,920<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_ABSIssuedSecuritiesMember', window );">ABS Issued | Prepayment rate (annual CPR) | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.08<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_ABSIssuedSecuritiesMember', window );">ABS Issued | Prepayment rate (annual CPR) | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.54<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_ABSIssuedSecuritiesMember', window );">ABS Issued | Prepayment rate (annual CPR) | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.31<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_ABSIssuedSecuritiesMember', window );">ABS Issued | Discount rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.01<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_ABSIssuedSecuritiesMember', window );">ABS Issued | Discount rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.19<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_ABSIssuedSecuritiesMember', window );">ABS Issued | Discount rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_ABSIssuedSecuritiesMember', window );">ABS Issued | Default rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_ABSIssuedSecuritiesMember', window );">ABS Issued | Default rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.31<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_ABSIssuedSecuritiesMember', window );">ABS Issued | Default rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.02<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_ABSIssuedSecuritiesMember', window );">ABS Issued | Loss severity | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.30<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_ABSIssuedSecuritiesMember', window );">ABS Issued | Loss severity | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.50<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_ABSIssuedSecuritiesMember', window );">ABS Issued | Loss severity | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.32<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityAtFairValueAmount', window );">ABS issued | $</a></td>
<td class="nump">$ 1,725,235<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Prepayment rate (annual CPR) | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.06<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Prepayment rate (annual CPR) | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.08<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Prepayment rate (annual CPR) | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.06<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Discount rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.01<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Discount rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.07<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Discount rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Default rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.06<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Default rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Default rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.08<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Loss severity | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.35<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Loss severity | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.35<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST | Loss severity | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.35<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember', window );">Freddie Mac K-Series</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityAtFairValueAmount', window );">ABS issued | $</a></td>
<td class="nump">$ 460,565<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember', window );">Freddie Mac K-Series | Discount rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.01<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember', window );">Freddie Mac K-Series | Discount rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember', window );">Freddie Mac K-Series | Discount rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.02<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityAtFairValueAmount', window );">ABS issued | $</a></td>
<td class="nump">$ 2,963,752<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Prepayment rate (annual CPR) | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Prepayment rate (annual CPR) | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Prepayment rate (annual CPR) | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Discount rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.01<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Discount rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Discount rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Default rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Default rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.17<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Default rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.11<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Loss severity | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.30<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Loss severity | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.30<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL | Loss severity | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingLiabilityMeasurementInput', window );">ABS issued, measurement input</a></td>
<td class="nump">0.30<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember', window );">Jumbo fixed-rate loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFairValue', window );">ABS issued, net, Fair value | $</a></td>
<td class="nump">$ 422,819<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember', window );">Jumbo fixed-rate loans | Prepayment rate (annual CPR) | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansHeldForSaleMeasurementInput', window );">Loans held-for-sale, measurement input</a></td>
<td class="nump">0.20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember', window );">Jumbo fixed-rate loans | Prepayment rate (annual CPR) | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansHeldForSaleMeasurementInput', window );">Loans held-for-sale, measurement input</a></td>
<td class="nump">0.20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember', window );">Jumbo fixed-rate loans | Prepayment rate (annual CPR) | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansHeldForSaleMeasurementInput', window );">Loans held-for-sale, measurement input</a></td>
<td class="nump">0.20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember', window );">Jumbo fixed-rate loans | Whole Loan Spread to TBA Price | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansHeldForSaleMeasurementInput', window );">Loans held-for-sale, measurement input</a></td>
<td class="nump">3.75<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember', window );">Jumbo fixed-rate loans | Whole Loan Spread to TBA Price | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansHeldForSaleMeasurementInput', window );">Loans held-for-sale, measurement input</a></td>
<td class="nump">3.75<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember', window );">Jumbo fixed-rate loans | Whole Loan Spread to TBA Price | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansHeldForSaleMeasurementInput', window );">Loans held-for-sale, measurement input</a></td>
<td class="nump">3.75<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember', window );">Jumbo fixed-rate loans | Whole loan spread to swap rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansHeldForSaleMeasurementInput', window );">Loans held-for-sale, measurement input</a></td>
<td class="nump">0.0250<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember', window );">Jumbo fixed-rate loans | Whole loan spread to swap rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansHeldForSaleMeasurementInput', window );">Loans held-for-sale, measurement input</a></td>
<td class="nump">0.0250<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember', window );">Jumbo fixed-rate loans | Whole loan spread to swap rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansHeldForSaleMeasurementInput', window );">Loans held-for-sale, measurement input</a></td>
<td class="nump">0.0250<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember', window );">Jumbo loans committed to sell</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansReceivableFairValueDisclosure', window );">Loans receivable, fair value | $</a></td>
<td class="nump">$ 573,657<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember', window );">Jumbo loans committed to sell | Whole loan committed sales price | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansHeldForSaleMeasurementInput', window );">Loans held-for-sale, measurement input</a></td>
<td class="nump">100.68<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember', window );">Jumbo loans committed to sell | Whole loan committed sales price | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansHeldForSaleMeasurementInput', window );">Loans held-for-sale, measurement input</a></td>
<td class="nump">103.28<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember', window );">Jumbo loans committed to sell | Whole loan committed sales price | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansHeldForSaleMeasurementInput', window );">Loans held-for-sale, measurement input</a></td>
<td class="nump">101.50<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_LegacySequoiaSecuritizationEntitiesMember', window );">Legacy Sequoia</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansReceivableFairValueDisclosure', window );">Loans receivable, fair value | $</a></td>
<td class="nump">$ 274,861<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember', window );">Sequoia Choice</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansReceivableFairValueDisclosure', window );">Loans receivable, fair value | $</a></td>
<td class="nump">1,276,112<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue', window );">Fair value of securities owned | $</a></td>
<td class="nump">226,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansReceivableFairValueDisclosure', window );">Loans receivable, fair value | $</a></td>
<td class="nump">2,154,351<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue', window );">Fair value of securities owned | $</a></td>
<td class="nump">431,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansReceivableFairValueDisclosure', window );">Loans receivable, fair value | $</a></td>
<td class="nump">$ 333,110<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | Prepayment rate (annual CPR) | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | Prepayment rate (annual CPR) | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | Prepayment rate (annual CPR) | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | Senior credit spread | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.0075<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | Senior credit spread | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.0075<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | Senior credit spread | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.0075<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | Subordinate credit spread | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.0120<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | Subordinate credit spread | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.1598<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | Subordinate credit spread | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.0312<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | Senior credit support | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.33<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | Senior credit support | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.33<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | Senior credit support | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.33<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | IO discount rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.07<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | IO discount rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | IO discount rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.08<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | Non-securitizable loan dollar price | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">86<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | Non-securitizable loan dollar price | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">102<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember', window );">Single-family rental loans | Non-securitizable loan dollar price | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">99<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansReceivableFairValueDisclosure', window );">Loans receivable, fair value | $</a></td>
<td class="nump">$ 3,212,526<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue', window );">Fair value of securities owned | $</a></td>
<td class="nump">261,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialBridgeLoansHeldForInvestmentMember', window );">Bridge loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansReceivableFairValueDisclosure', window );">Loans receivable, fair value | $</a></td>
<td class="nump">$ 626,484<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialBridgeLoansHeldForInvestmentMember', window );">Bridge loans | Discount rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansHeldForInvestmentMeasurementInput', window );">Loans held-for-investment, measurement input</a></td>
<td class="nump">0.06<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialBridgeLoansHeldForInvestmentMember', window );">Bridge loans | Discount rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansHeldForInvestmentMeasurementInput', window );">Loans held-for-investment, measurement input</a></td>
<td class="nump">0.15<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialBridgeLoansHeldForInvestmentMember', window );">Bridge loans | Discount rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansHeldForInvestmentMeasurementInput', window );">Loans held-for-investment, measurement input</a></td>
<td class="nump">0.08<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember', window );">Freddie Mac K-Series</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansReceivableFairValueDisclosure', window );">Loans receivable, fair value | $</a></td>
<td class="nump">$ 489,545<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue', window );">Fair value of securities owned | $</a></td>
<td class="nump">29,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember', window );">Trading and AFS securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure', window );">Trading and AFS securities | $</a></td>
<td class="nump">$ 364,320<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember', window );">Trading and AFS securities | Prepayment rate (annual CPR) | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput', window );">Trading and AFS securities</a></td>
<td class="nump">0.07<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember', window );">Trading and AFS securities | Prepayment rate (annual CPR) | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput', window );">Trading and AFS securities</a></td>
<td class="nump">0.65<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember', window );">Trading and AFS securities | Prepayment rate (annual CPR) | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput', window );">Trading and AFS securities</a></td>
<td class="nump">0.28<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember', window );">Trading and AFS securities | Discount rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput', window );">Trading and AFS securities</a></td>
<td class="nump">0.03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember', window );">Trading and AFS securities | Discount rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput', window );">Trading and AFS securities</a></td>
<td class="nump">0.27<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember', window );">Trading and AFS securities | Discount rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput', window );">Trading and AFS securities</a></td>
<td class="nump">0.08<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember', window );">Trading and AFS securities | Default rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput', window );">Trading and AFS securities</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember', window );">Trading and AFS securities | Default rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput', window );">Trading and AFS securities</a></td>
<td class="nump">0.25<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember', window );">Trading and AFS securities | Default rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput', window );">Trading and AFS securities</a></td>
<td class="nump">0.04<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember', window );">Trading and AFS securities | Loss severity | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput', window );">Trading and AFS securities</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember', window );">Trading and AFS securities | Loss severity | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput', window );">Trading and AFS securities</a></td>
<td class="nump">0.50<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember', window );">Trading and AFS securities | Loss severity | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput', window );">Trading and AFS securities</a></td>
<td class="nump">0.20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember', window );">Trading and AFS securities | Measurement Input, CRT Dollar Price | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput', window );">Trading and AFS securities</a></td>
<td class="nump">90<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember', window );">Trading and AFS securities | Measurement Input, CRT Dollar Price | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput', window );">Trading and AFS securities</a></td>
<td class="nump">112<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember', window );">Trading and AFS securities | Measurement Input, CRT Dollar Price | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput', window );">Trading and AFS securities</a></td>
<td class="nump">98<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember', window );">Servicer advance investments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAsset', window );">Servicing asset | $</a></td>
<td class="nump">$ 206,525<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember', window );">Servicer advance investments | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ServicingAssetExpectedRemainingLife', window );">Expected remaining life</a></td>
<td class="text">4 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember', window );">Servicer advance investments | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ServicingAssetExpectedRemainingLife', window );">Expected remaining life</a></td>
<td class="text">4 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember', window );">Servicer advance investments | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ServicingAssetExpectedRemainingLife', window );">Expected remaining life</a></td>
<td class="text">4 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember', window );">Servicer advance investments | Prepayment rate (annual CPR) | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember', window );">Servicer advance investments | Prepayment rate (annual CPR) | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.30<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember', window );">Servicer advance investments | Prepayment rate (annual CPR) | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember', window );">Servicer advance investments | Discount rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember', window );">Servicer advance investments | Discount rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember', window );">Servicer advance investments | Discount rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoanPurchaseCommitmentsFairValueDisclosure', window );">Loan purchase commitments, net | $</a></td>
<td class="nump">$ 33,942<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Prepayment rate (annual CPR) | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Prepayment rate (annual CPR) | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Prepayment rate (annual CPR) | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Whole Loan Spread to TBA Price | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">3.75<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Whole Loan Spread to TBA Price | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">3.75<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Whole Loan Spread to TBA Price | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">3.75<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Whole loan spread to swap rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.0250<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Whole loan spread to swap rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.0250<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Whole loan spread to swap rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0.0250<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Mortgage servicing income | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Mortgage servicing income | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.0014<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Mortgage servicing income | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.0008<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Committed sales price | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilityMeasurementInput', window );">Loan purchase commitments, measurement input</a></td>
<td class="nump">98.53<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Committed sales price | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilityMeasurementInput', window );">Loan purchase commitments, measurement input</a></td>
<td class="nump">102.15<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Committed sales price | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilityMeasurementInput', window );">Loan purchase commitments, measurement input</a></td>
<td class="nump">100.13<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Pull-through rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilityMeasurementInput', window );">Loan purchase commitments, measurement input</a></td>
<td class="nump">0.22<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Pull-through rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilityMeasurementInput', window );">Loan purchase commitments, measurement input</a></td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | Pull-through rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilityMeasurementInput', window );">Loan purchase commitments, measurement input</a></td>
<td class="nump">0.76<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | MSR Multiple | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | MSR Multiple | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">3.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember', window );">Residential loan purchase commitments, net | MSR Multiple | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoansReceivableMeasurementInput', window );">Loans receivable, measurement input</a></td>
<td class="nump">2.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember', window );">MSRs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAsset', window );">Servicing asset | $</a></td>
<td class="nump">$ 7,945<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember', window );">MSRs | Prepayment rate (annual CPR) | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember', window );">MSRs | Prepayment rate (annual CPR) | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember', window );">MSRs | Prepayment rate (annual CPR) | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.39<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember', window );">MSRs | Discount rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember', window );">MSRs | Discount rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember', window );">MSRs | Discount rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember', window );">MSRs | Per loan annual cost to service | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">97<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember', window );">MSRs | Per loan annual cost to service | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">97<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember', window );">MSRs | Per loan annual cost to service | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">97<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember', window );">Excess MSRs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAsset', window );">Servicing asset | $</a></td>
<td class="nump">$ 32,465<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember', window );">Excess MSRs | Prepayment rate (annual CPR) | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember', window );">Excess MSRs | Prepayment rate (annual CPR) | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.28<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember', window );">Excess MSRs | Prepayment rate (annual CPR) | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.23<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember', window );">Excess MSRs | Discount rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.14<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember', window );">Excess MSRs | Discount rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.17<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember', window );">Excess MSRs | Discount rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.16<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember', window );">Excess MSRs | Excess mortgage servicing income | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.0008<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember', window );">Excess MSRs | Excess mortgage servicing income | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.0017<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember', window );">Excess MSRs | Excess mortgage servicing income | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetMeasurementInput', window );">Servicing asset, measurement input</a></td>
<td class="nump">0.0011<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember', window );">Shared home appreciation options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_HomeAppreciationOptionsFairvalueDisclosure', window );">Shared home appreciation options | $</a></td>
<td class="nump">$ 45,823<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember', window );">Shared home appreciation options | Prepayment rate (annual CPR) | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_HomeAppreciationOptionsMeasurementInput', window );">Shared home appreciation options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.14<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember', window );">Shared home appreciation options | Prepayment rate (annual CPR) | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_HomeAppreciationOptionsMeasurementInput', window );">Shared home appreciation options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.24<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember', window );">Shared home appreciation options | Prepayment rate (annual CPR) | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_HomeAppreciationOptionsMeasurementInput', window );">Shared home appreciation options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.17<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember', window );">Shared home appreciation options | Discount rate | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_HomeAppreciationOptionsMeasurementInput', window );">Shared home appreciation options</a></td>
<td class="nump">0.13<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember', window );">Shared home appreciation options | Discount rate | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_HomeAppreciationOptionsMeasurementInput', window );">Shared home appreciation options</a></td>
<td class="nump">0.13<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember', window );">Shared home appreciation options | Discount rate | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_HomeAppreciationOptionsMeasurementInput', window );">Shared home appreciation options</a></td>
<td class="nump">0.13<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember', window );">Shared home appreciation options | Home price appreciation | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_HomeAppreciationOptionsMeasurementInput', window );">Shared home appreciation options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.03<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember', window );">Shared home appreciation options | Home price appreciation | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_HomeAppreciationOptionsMeasurementInput', window );">Shared home appreciation options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.04<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember', window );">Shared home appreciation options | Home price appreciation | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_HomeAppreciationOptionsMeasurementInput', window );">Shared home appreciation options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.03<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_OtherRealEstateOwnedMember', window );">REO</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherRealEstate', window );">REO | $</a></td>
<td class="nump">$ 1,316<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_OtherRealEstateOwnedMember', window );">REO | Loss severity | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherRealEstateOwnedMeasurementInput', window );">REO, measurement input</a></td>
<td class="nump">0.04<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_OtherRealEstateOwnedMember', window );">REO | Loss severity | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherRealEstateOwnedMeasurementInput', window );">REO, measurement input</a></td>
<td class="nump">0.53<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_OtherRealEstateOwnedMember', window );">REO | Loss severity | Weighted Average</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherRealEstateOwnedMeasurementInput', window );">REO, measurement input</a></td>
<td class="nump">0.25<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Securities, Trading And Available-for-sale, Fair Value Disclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Securities, Trading And Available-for-sale, Measurement Input</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_HomeAppreciationOptionsFairvalueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Home Appreciation Options, Fair value Disclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_HomeAppreciationOptionsFairvalueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_HomeAppreciationOptionsMeasurementInput">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Home Appreciation Options, Measurement Input</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_HomeAppreciationOptionsMeasurementInput</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_LoanPurchaseCommitmentsFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loan Purchase Commitments, Fair Value Disclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_LoanPurchaseCommitmentsFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_LoansHeldForInvestmentMeasurementInput">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loans Held-for-Investment, Measurement Input</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_LoansHeldForInvestmentMeasurementInput</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_LoansReceivableMeasurementInput">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loans Receivable, Measurement Input</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_LoansReceivableMeasurementInput</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ServicingAssetExpectedRemainingLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Servicing Asset, Expected Remaining Life</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ServicingAssetExpectedRemainingLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsFairValueDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsFairValueDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121572278&amp;loc=d3e13433-108611<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilityMeasurementInput">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of input used to measure derivative liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (bbb)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilityMeasurementInput</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value as of the balance sheet date of firm holdings in private equity, mezzanine, venture capital, merchant banking, real estate and special situations investments. Includes both pledged (to counterparties as collateral for financing transactions) and unpledged holdings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 320<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=35711157&amp;loc=d3e42546-110969<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesFairValueDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesFairValueDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansHeldForSaleMeasurementInput">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of input used to measure loan, held for sale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (bbb)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansHeldForSaleMeasurementInput</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansReceivableFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -URI http://asc.fasb.org/subtopic&amp;trid=2196772<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansReceivableFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount of other real estate not separately disclosed, including, but not limited to, real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. This does not include real estate assets taken in settlement of troubled loans through surrender or foreclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.10(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherRealEstateOwnedMeasurementInput">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of input used to measure real estate owned by financial institution by financial institution which is not directly related to its business.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (bbb)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherRealEstateOwnedMeasurementInput</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ServicingAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate amount of servicing assets that are subsequently measured at fair value and servicing assets that are subsequently measured using the amortization method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ServicingAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ServicingAssetMeasurementInput">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of input used to measure servicing asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (bbb)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ServicingAssetMeasurementInput</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ServicingLiabilityAtFairValueAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of a liability representing servicing arrangements under which the estimated future revenue from contractually specified servicing fees, late charges, and other ancillary revenues are not expected to adequately compensate the servicer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122492-111745<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=116651436&amp;loc=d3e122625-111746<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ServicingLiabilityAtFairValueAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ServicingLiabilityMeasurementInput">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of input used to measure servicing liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (bbb)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ServicingLiabilityMeasurementInput</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByLiabilityClassAxis=rwt_ABSIssuedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByLiabilityClassAxis=rwt_ABSIssuedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputPrepaymentRateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputPrepaymentRateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_WeightedAverageMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_WeightedAverageMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputDiscountRateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputDiscountRateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputDefaultRateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputDefaultRateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputLossSeverityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputLossSeverityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByLiabilityClassAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByLiabilityClassAxis=rwt_CAFLSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByLiabilityClassAxis=rwt_CAFLSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=rwt_WholeLoanSpreadToTBAPriceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=rwt_WholeLoanSpreadToTBAPriceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputWholeLoanSpreadToSwapRateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputWholeLoanSpreadToSwapRateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputWholeLoanCommittedSalesPriceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputWholeLoanCommittedSalesPriceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_LegacySequoiaSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_LegacySequoiaSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyBusinessPurposeResidentialLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=rwt_SeniorCreditSpreadMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=rwt_SeniorCreditSpreadMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputSubordinateCreditSpreadMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputSubordinateCreditSpreadMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=rwt_SeniorCreditSupportMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=rwt_SeniorCreditSupportMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputISODiscountRateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputISODiscountRateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_CAFLSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_CAFLSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialBridgeLoansHeldForInvestmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ResidentialBridgeLoansHeldForInvestmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_InvestmentSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputCRTDollarPriceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputCRTDollarPriceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ServicerAdvanceInvestmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=us-gaap_LoanPurchaseCommitmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputMortgageServicingIncomeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputMortgageServicingIncomeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputCommittedSalesPriceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputCommittedSalesPriceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputPullthroughRateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputPullthroughRateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=rwt_MSRMultipleMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=rwt_MSRMultipleMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_MortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputPerLoanAnnualCostToServiceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputPerLoanAnnualCostToServiceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ExcessMortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputExcessMortgageServicingAmountMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputExcessMortgageServicingAmountMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_HomeAppreciationOptionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputHomePriceAppreciationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MeasurementInputTypeAxis=rwt_MeasurementInputHomePriceAppreciationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_OtherRealEstateOwnedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_OtherRealEstateOwnedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>92
<FILENAME>R78.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774477005112">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Residential Loans - Summary of Classifications and Carrying Value of Residential Loans (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForSaleMember', window );">Held-for-sale at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 996,512<span></span>
</td>
<td class="nump">$ 176,641<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember', window );">Held-for-investment at fair value | Legacy Sequoia</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">274,861<span></span>
</td>
<td class="nump">285,935<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember', window );">Held-for-investment at fair value | Sequoia Choice</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,276,112<span></span>
</td>
<td class="nump">1,565,322<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember', window );">Held-for-investment at fair value | Freddie Mac SLST</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,154,351<span></span>
</td>
<td class="nump">2,221,153<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Residential Loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,701,836<span></span>
</td>
<td class="nump">4,249,051<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Residential Loans | Legacy Sequoia</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">274,861<span></span>
</td>
<td class="nump">285,935<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Residential Loans | Sequoia Choice</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,276,112<span></span>
</td>
<td class="nump">1,565,322<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Residential Loans | Freddie Mac SLST</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,154,351<span></span>
</td>
<td class="nump">2,221,153<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Residential Loans | Held-for-sale at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">996,512<span></span>
</td>
<td class="nump">176,641<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Residential Loans | Held-for-sale at fair value | Legacy Sequoia</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Residential Loans | Held-for-sale at fair value | Sequoia Choice</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Residential Loans | Held-for-sale at fair value | Freddie Mac SLST</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Residential Loans | Held-for-investment at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,705,324<span></span>
</td>
<td class="nump">4,072,410<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Residential Loans | Held-for-investment at fair value | Legacy Sequoia</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">274,861<span></span>
</td>
<td class="nump">285,935<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Residential Loans | Held-for-investment at fair value | Sequoia Choice</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,276,112<span></span>
</td>
<td class="nump">1,565,322<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Residential Loans | Held-for-investment at fair value | Freddie Mac SLST</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,154,351<span></span>
</td>
<td class="nump">2,221,153<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Residential Loans | Redwood</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">996,512<span></span>
</td>
<td class="nump">176,641<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Residential Loans | Redwood | Held-for-sale at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">996,512<span></span>
</td>
<td class="nump">176,641<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Residential Loans | Redwood | Held-for-investment at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_MortgageLoansOnRealEstateLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_MortgageLoansOnRealEstateLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>srt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesReceivableNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121599337&amp;loc=SL82919230-210447<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121593590&amp;loc=d3e4428-111522<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesReceivableNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForSaleMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForSaleMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=rwt_LegacySequoiaSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=rwt_LegacySequoiaSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=rwt_RedwoodTrustInc.Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=rwt_RedwoodTrustInc.Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>93
<FILENAME>R79.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457013256">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Residential Loans - Additional Information (Details)<br> $ in Millions</strong></div></th>
<th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsMember', window );">MSRs</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtAmortizedValue', window );">Mortgage servicing rights, at amortized cost</a></td>
<td class="nump">$ 977<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_MortgageLoansOnRealEstateLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_MortgageLoansOnRealEstateLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>srt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ServicingAssetAtAmortizedValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortized amount of contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=116651436&amp;loc=d3e122739-111746<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122492-111745<br><br>Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ServicingAssetAtAmortizedValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>94
<FILENAME>R80.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774553748840">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Residential Loans - Characteristics of Residential Loans Held-for-Sale (Details) - Residential Loans<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($) </div>
<div>loan</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>USD ($) </div>
<div>loan</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateNumberOfLoans', window );">Number of loans | loan</a></td>
<td class="nump">1,115<span></span>
</td>
<td class="nump">198<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized', window );">Unpaid principal balance</a></td>
<td class="nump">$ 990,841<span></span>
</td>
<td class="nump">$ 172,748<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">996,512<span></span>
</td>
<td class="nump">176,641<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansPledgedAsCollateral', window );">Market value of loans pledged as collateral under short-term borrowing agreements</a></td>
<td class="nump">$ 926,076<span></span>
</td>
<td class="nump">$ 156,355<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableNumberOfLoansInForeclosure', window );">Number of loans in foreclosure | loan</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansAtFairValueMember', window );">Financing Receivables, Equal to Greater than 90 Days Past Due</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableNumberOfLoansPastDue', window );">Number of loans with 90+ day delinquencies | loan</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentPastDue', window );">Unpaid principal balance of loans with 90+ day delinquencies</a></td>
<td class="nump">$ 1,882<span></span>
</td>
<td class="nump">$ 1,882<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue', window );">Fair value of loans with 90+ day delinquencies</a></td>
<td class="nump">$ 1,223<span></span>
</td>
<td class="nump">$ 1,223<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FinancingReceivableNumberOfLoansInForeclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing Receivable, Number Of Loans In Foreclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FinancingReceivableNumberOfLoansInForeclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FinancingReceivableNumberOfLoansPastDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing Receivable, Number Of Loans Past Due</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FinancingReceivableNumberOfLoansPastDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_MortgageLoansOnRealEstateLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_MortgageLoansOnRealEstateLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>srt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_MortgageLoansOnRealEstateNumberOfLoans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher SEC<br> -Name Regulation S-X (SX)<br> -Number 210<br> -Section 12<br> -Footnote 3<br> -Subsection 29<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29(Footnote 3))<br> -URI http://asc.fasb.org/extlink&amp;oid=120402547&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_MortgageLoansOnRealEstateNumberOfLoans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>srt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (e)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentPastDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of financing receivable past due.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 55<br> -Paragraph 80<br> -URI http://asc.fasb.org/extlink&amp;oid=121647567&amp;loc=SL82922355-210448<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 14<br> -URI http://asc.fasb.org/extlink&amp;oid=121599337&amp;loc=SL82919253-210447<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7A<br> -URI http://asc.fasb.org/extlink&amp;oid=121611835&amp;loc=SL6953401-111524<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentPastDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansPledgedAsCollateral">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66007379&amp;loc=d3e113888-111728<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=121611835&amp;loc=d3e5086-111524<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansPledgedAsCollateral</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesReceivableNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121599337&amp;loc=SL82919230-210447<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121593590&amp;loc=d3e4428-111522<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesReceivableNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is the sum of principal amount outstanding for both securitized and unsecuritized loans of all types.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>95
<FILENAME>R81.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774459288840">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Residential Loans - Quarterly Activity of Residential Loans Held-for-Sale (Details) - Residential Loans - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod', window );">Principal balance of loans acquired</a></td>
<td class="nump">$ 3,096,048<span></span>
</td>
<td class="nump">$ 2,629,908<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_PrincipalBalanceofLoansSoldDuringPeriod', window );">Principal balance of loans sold</a></td>
<td class="nump">2,275,832<span></span>
</td>
<td class="nump">2,656,719<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionChangesInFairValueGainLoss1', window );">Net market valuation gains (losses) recorded</a></td>
<td class="nump">$ 23,429<span></span>
</td>
<td class="num">$ (13,480)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Principal Balance of Loans Acquired During Period</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_PrincipalBalanceofLoansSoldDuringPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Principal Balance of Loans Sold During Period</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_PrincipalBalanceofLoansSoldDuringPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_MortgageLoansOnRealEstateLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_MortgageLoansOnRealEstateLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>srt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOptionChangesInFairValueGainLoss1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14172-108612<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueOptionChangesInFairValueGainLoss1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>96
<FILENAME>R82.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774462397096">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Residential Loans - Characteristics of Loans Held-for-Investment (Details) - Held-for-investment at fair value<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($) </div>
<div>loan</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>USD ($) </div>
<div>loan</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember', window );">Legacy Sequoia</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateNumberOfLoans', window );">Number of loans | loan</a></td>
<td class="nump">1,814<span></span>
</td>
<td class="nump">1,908<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized', window );">Unpaid principal balance</a></td>
<td class="nump">$ 314,243<span></span>
</td>
<td class="nump">$ 333,474<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">$ 274,861<span></span>
</td>
<td class="nump">$ 285,935<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableNumberOfLoansInForeclosure', window );">Number of loans in foreclosure | loan</a></td>
<td class="nump">17<span></span>
</td>
<td class="nump">21<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure', window );">Unpaid principal balance of loans in foreclosure</a></td>
<td class="nump">$ 4,214<span></span>
</td>
<td class="nump">$ 4,939<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember', window );">Sequoia Choice</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateNumberOfLoans', window );">Number of loans | loan</a></td>
<td class="nump">1,780<span></span>
</td>
<td class="nump">2,177<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized', window );">Unpaid principal balance</a></td>
<td class="nump">$ 1,264,645<span></span>
</td>
<td class="nump">$ 1,550,454<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">$ 1,276,112<span></span>
</td>
<td class="nump">$ 1,565,322<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableNumberOfLoansInForeclosure', window );">Number of loans in foreclosure | loan</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure', window );">Unpaid principal balance of loans in foreclosure</a></td>
<td class="nump">$ 2,248<span></span>
</td>
<td class="nump">$ 2,251<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember', window );">Freddie Mac SLST</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateNumberOfLoans', window );">Number of loans | loan</a></td>
<td class="nump">13,294<span></span>
</td>
<td class="nump">13,605<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized', window );">Unpaid principal balance</a></td>
<td class="nump">$ 2,184,111<span></span>
</td>
<td class="nump">$ 2,247,771<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">$ 2,154,351<span></span>
</td>
<td class="nump">$ 2,221,153<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableNumberOfLoansInForeclosure', window );">Number of loans in foreclosure | loan</a></td>
<td class="nump">251<span></span>
</td>
<td class="nump">245<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure', window );">Unpaid principal balance of loans in foreclosure</a></td>
<td class="nump">$ 41,044<span></span>
</td>
<td class="nump">$ 38,610<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember', window );">Financing Receivables, Equal to Greater than 90 Days Past Due | Legacy Sequoia</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableNumberOfLoansPastDue', window );">Number of loans with 90+ day delinquencies | loan</a></td>
<td class="nump">46<span></span>
</td>
<td class="nump">52<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue', window );">Fair value of loans with 90+ day delinquencies</a></td>
<td class="nump">$ 15,831<span></span>
</td>
<td class="nump">$ 17,285<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember', window );">Financing Receivables, Equal to Greater than 90 Days Past Due | Sequoia Choice</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableNumberOfLoansPastDue', window );">Number of loans with 90+ day delinquencies | loan</a></td>
<td class="nump">68<span></span>
</td>
<td class="nump">94<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue', window );">Fair value of loans with 90+ day delinquencies</a></td>
<td class="nump">$ 54,546<span></span>
</td>
<td class="nump">$ 74,742<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember', window );">Financing Receivables, Equal to Greater than 90 Days Past Due | Freddie Mac SLST</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableNumberOfLoansPastDue', window );">Number of loans with 90+ day delinquencies | loan</a></td>
<td class="nump">1,982<span></span>
</td>
<td class="nump">2,110<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue', window );">Fair value of loans with 90+ day delinquencies</a></td>
<td class="nump">$ 362,785<span></span>
</td>
<td class="nump">$ 389,245<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair Value, Option, Loans Held As Assets, Aggregate Amount In Foreclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FinancingReceivableNumberOfLoansInForeclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing Receivable, Number Of Loans In Foreclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FinancingReceivableNumberOfLoansInForeclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FinancingReceivableNumberOfLoansPastDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing Receivable, Number Of Loans Past Due</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FinancingReceivableNumberOfLoansPastDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_MortgageLoansOnRealEstateLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_MortgageLoansOnRealEstateLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>srt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_MortgageLoansOnRealEstateNumberOfLoans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher SEC<br> -Name Regulation S-X (SX)<br> -Number 210<br> -Section 12<br> -Footnote 3<br> -Subsection 29<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29(Footnote 3))<br> -URI http://asc.fasb.org/extlink&amp;oid=120402547&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_MortgageLoansOnRealEstateNumberOfLoans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>srt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (e)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesReceivableNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121599337&amp;loc=SL82919230-210447<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121593590&amp;loc=d3e4428-111522<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesReceivableNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is the sum of principal amount outstanding for both securitized and unsecuritized loans of all types.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=rwt_LegacySequoiaSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=rwt_LegacySequoiaSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>97
<FILENAME>R83.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774553833976">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Residential Loans - Quarterly Activity of Residential Loans Held-for-Investment (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1', window );">Transfers from loans held-for-sale to loans held-for-investment</a></td>
<td class="nump">$ 301,298<span></span>
</td>
<td class="nump">$ 382,635<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember', window );">Held-for-investment at fair value | Sequoia Choice</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease', window );">Net market valuation gain (loss)</a></td>
<td class="num">(2,578)<span></span>
</td>
<td class="num">(110,485)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember', window );">Held-for-investment at fair value | Freddie Mac SLST</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease', window );">Net market valuation gain (loss)</a></td>
<td class="num">(3,566)<span></span>
</td>
<td class="num">(193,020)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember', window );">Held-for-investment at fair value | Legacy Sequoia</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease', window );">Net market valuation gain (loss)</a></td>
<td class="nump">7,613<span></span>
</td>
<td class="num">(69,014)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember', window );">Held-for-investment at fair value | Redwood</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1', window );">Transfers from loans held-for-sale to loans held-for-investment</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">13,258<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableReclassificationToHeldForSale', window );">Transfers from loans held-for-investment to loans held-for-sale</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">1,870,986<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionChangesInFairValueGainLoss1', window );">Net market valuation gains (losses) recorded</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="num">$ (93,636)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_MortgageLoansOnRealEstateLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_MortgageLoansOnRealEstateLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>srt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOptionChangesInFairValueGainLoss1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14172-108612<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueOptionChangesInFairValueGainLoss1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableReclassificationToHeldForSale">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of financing receivable reclassified to held-for-sale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (i)<br> -URI http://asc.fasb.org/extlink&amp;oid=121599337&amp;loc=SL82919244-210447<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11B<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=121611835&amp;loc=SL6953423-111524<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableReclassificationToHeldForSale</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29(Footnote 6))<br> -URI http://asc.fasb.org/extlink&amp;oid=120402547&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of loans held-for-sale transferred to loans held in the entity's portfolio in noncash transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4304-108586<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4332-108586<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4313-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=rwt_RedwoodTrustInc.Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=rwt_RedwoodTrustInc.Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>98
<FILENAME>R84.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774461991032">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Business Purpose Loans - Classifications and Carrying Values of Business Purpose Residential Loans (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_ResidentialBridgeHeldForSaleAtFairValueMember', window );">Residential Bridge, Held-for-sale at fair value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts, Notes, Loans and Financing Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_ResidentialBridgeLoansHeldForInvestmentMember', window );">Bridge loans held-for-investment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts, Notes, Loans and Financing Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">626,484<span></span>
</td>
<td class="nump">641,765<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_ResidentialBridgeLoansMember', window );">Residential bridge loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts, Notes, Loans and Financing Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">626,484<span></span>
</td>
<td class="nump">641,765<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_LoansHeldForSaleAtFairValueMember', window );">Held-for-sale at fair value, Total</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts, Notes, Loans and Financing Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">333,110<span></span>
</td>
<td class="nump">245,394<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_LoansHeldForInvestmentAtFairValueMember', window );">Held-for-investment at fair value, Total</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts, Notes, Loans and Financing Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">3,839,010<span></span>
</td>
<td class="nump">3,890,959<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_BusinessPurposeResidentialLoansMember', window );">Business Purpose Loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts, Notes, Loans and Financing Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">4,172,120<span></span>
</td>
<td class="nump">4,136,353<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=rwt_RedwoodTrustInc.Member', window );">Redwood | Single-family rental loans, held-for-sale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts, Notes, Loans and Financing Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">333,110<span></span>
</td>
<td class="nump">245,394<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=rwt_RedwoodTrustInc.Member', window );">Redwood | Single-family rental loans held-for-investment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts, Notes, Loans and Financing Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=rwt_RedwoodTrustInc.Member', window );">Redwood | Single family rental loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts, Notes, Loans and Financing Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">333,110<span></span>
</td>
<td class="nump">245,394<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=rwt_CoreVestAmericanFinanceLenderLLCMember', window );">CoreVest | Single-family rental loans, held-for-sale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts, Notes, Loans and Financing Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=rwt_CoreVestAmericanFinanceLenderLLCMember', window );">CoreVest | Single-family rental loans held-for-investment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts, Notes, Loans and Financing Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">3,212,526<span></span>
</td>
<td class="nump">3,249,194<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=rwt_CoreVestAmericanFinanceLenderLLCMember', window );">CoreVest | Single family rental loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts, Notes, Loans and Financing Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">$ 3,212,526<span></span>
</td>
<td class="nump">$ 3,249,194<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesAndLoansReceivableLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesAndLoansReceivableLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesReceivableNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121599337&amp;loc=SL82919230-210447<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121593590&amp;loc=d3e4428-111522<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesReceivableNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_ResidentialBridgeHeldForSaleAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_ResidentialBridgeHeldForSaleAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_ResidentialBridgeLoansHeldForInvestmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_ResidentialBridgeLoansHeldForInvestmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_ResidentialBridgeLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_ResidentialBridgeLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_LoansHeldForSaleAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_LoansHeldForSaleAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_LoansHeldForInvestmentAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_LoansHeldForInvestmentAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_BusinessPurposeResidentialLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_BusinessPurposeResidentialLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=rwt_RedwoodTrustInc.Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=rwt_RedwoodTrustInc.Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=rwt_CoreVestAmericanFinanceLenderLLCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=rwt_CoreVestAmericanFinanceLenderLLCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>99
<FILENAME>R85.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774462215496">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Business Purpose Loans - Activity and Characteristics of Business Purpose Loans (Details)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($) </div>
<div>loan</div>
</th>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>USD ($) </div>
<div>loan</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>USD ($) </div>
<div>loan</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToPurchaseLoansHeldForSale', window );">Purchases of held-for-sale loans</a></td>
<td class="nump">$ 3,150,432<span></span>
</td>
<td class="nump">$ 2,665,447<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ProceedsFromPrincipalRepaymentsOnSecurities', window );">Principal balance of loans sold to third parties</a></td>
<td class="nump">11,746<span></span>
</td>
<td class="nump">11,952<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1', window );">Transfers from loans held-for-sale to loans held-for-investment</a></td>
<td class="nump">$ 301,298<span></span>
</td>
<td class="nump">382,635<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans', window );">Number of loans transferred | loan</a></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TransferToOtherRealEstate', window );">Transfers from residential loans to real estate owned</a></td>
<td class="nump">$ 14,684<span></span>
</td>
<td class="nump">6,363<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherCommitmentsAxis=rwt_CommitmentToFundResidentialBridgeLoanMember', window );">Commitment To Fund Residential Bridge Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherCommitment', window );">Commitment to fund loan</a></td>
<td class="nump">283,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember', window );">Single-family rental loans, held-for-sale | Redwood</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToPurchaseLoansHeldForSale', window );">Purchases of held-for-sale loans</a></td>
<td class="nump">253,098<span></span>
</td>
<td class="nump">260,129<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ProceedsFromPrincipalRepaymentsOnSecurities', window );">Principal balance of loans sold to third parties</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">26,148<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1', window );">Transfers from loans held-for-sale to loans held-for-investment</a></td>
<td class="nump">169,404<span></span>
</td>
<td class="nump">378,109<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnInvestments', window );">Gain (loss) on investments</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(23,028)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">333,110<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 245,394<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember', window );">Single-family rental loans, held-for-sale | Redwood | Business Purpose Mortgage Banking Activities, Net:</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnInvestments', window );">Gain (loss) on investments</a></td>
<td class="nump">10,248<span></span>
</td>
<td class="nump">10,330<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember', window );">Single-family rental loans, held-for-sale | CAFL</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToPurchaseLoansHeldForSale', window );">Purchases of held-for-sale loans</a></td>
<td class="nump">$ 169,000<span></span>
</td>
<td class="nump">$ 378,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred', window );">Number of securitization entities to which asset transferred (in entities) | loan</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember', window );">Single-family rental loans held-for-investment | Redwood</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember', window );">Single-family rental loans held-for-investment | CAFL</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnInvestments', window );">Gain (loss) on investments</a></td>
<td class="num">$ (60,901)<span></span>
</td>
<td class="num">$ (271,917)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateNumberOfLoans', window );">Number of loans | loan</a></td>
<td class="nump">1,120<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,094<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized', window );">Unpaid principal balance</a></td>
<td class="nump">$ 3,029,498<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3,017,137<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">$ 3,212,526<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3,249,194<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivablesWeightedAverageInterestRate', window );">Weighted average coupon rate</a></td>
<td class="nump">5.41%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5.44%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableContractMaturities', window );">Contract maturities</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">5 years<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue', window );">Fair value of loans with 90+ day delinquencies</a></td>
<td class="nump">$ 21,234<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 24,745<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableNumberOfLoansInForeclosure', window );">Number of loans in foreclosure | loan</a></td>
<td class="nump">11<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember', window );">Single-family rental loans held-for-investment | CAFL | Financing Receivables, Equal to Greater than 90 Days Past Due</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableNumberOfLoansPastDue', window );">Number of loans with 90+ day delinquencies | loan</a></td>
<td class="nump">21<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">22<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue', window );">Fair value of loans with 90+ day delinquencies</a></td>
<td class="nump">$ 57,985<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 61,440<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_ResidentialBridgeLoansHeldForInvestmentMember', window );">Bridge loans held-for-investment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToPurchaseLoansHeldForSale', window );">Purchases of held-for-sale loans</a></td>
<td class="nump">133,229<span></span>
</td>
<td class="nump">227,368<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ProceedsFromPrincipalRepaymentsOnSecurities', window );">Principal balance of loans sold to third parties</a></td>
<td class="nump">8,877<span></span>
</td>
<td class="nump">20,735<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnInvestments', window );">Gain (loss) on investments</a></td>
<td class="nump">$ 3,304<span></span>
</td>
<td class="num">(38,602)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent', window );">Adjustable rate (as a percent)</a></td>
<td class="nump">58.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage', window );">Fixed rate (as a percent)</a></td>
<td class="nump">42.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TransferToOtherRealEstate', window );">Transfers from residential loans to real estate owned</a></td>
<td class="nump">$ 1,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">$ 626,484<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">641,765<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_ResidentialBridgeLoansHeldForInvestmentMember', window );">Bridge loans held-for-investment | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm', window );">Residential bridge loans held-for-investment, original maturities (in months)</a></td>
<td class="text">6 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_ResidentialBridgeLoansHeldForInvestmentMember', window );">Bridge loans held-for-investment | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm', window );">Residential bridge loans held-for-investment, original maturities (in months)</a></td>
<td class="text">24 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_ResidentialBridgeLoansHeldForInvestmentMember', window );">Bridge loans held-for-investment | Business Purpose Mortgage Banking Activities, Net:</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnInvestments', window );">Gain (loss) on investments</a></td>
<td class="nump">$ 542<span></span>
</td>
<td class="num">(164)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_BusinessPurposeResidentialLoansMember', window );">Business Purpose Loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ServicingFees1', window );">Fee income</a></td>
<td class="nump">6,000<span></span>
</td>
<td class="nump">$ 8,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">$ 4,172,120<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 4,136,353<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForSaleMember', window );">Single-Family Rental Loans, Held-For-Sale | Redwood</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateNumberOfLoans', window );">Number of loans | loan</a></td>
<td class="nump">77<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">65<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized', window );">Unpaid principal balance</a></td>
<td class="nump">$ 322,181<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 234,475<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">$ 333,110<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 245,394<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivablesWeightedAverageInterestRate', window );">Weighted average coupon rate</a></td>
<td class="nump">4.84%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4.84%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableContractMaturities', window );">Contract maturities</a></td>
<td class="text">7 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">8 years<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue', window );">Fair value of loans with 90+ day delinquencies</a></td>
<td class="nump">$ 5,976<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableNumberOfLoansInForeclosure', window );">Number of loans in foreclosure | loan</a></td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure', window );">Unpaid principal balance of loans in foreclosure</a></td>
<td class="nump">$ 4,808<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForSaleMember', window );">Single-Family Rental Loans, Held-For-Sale | Redwood | Loans Pledged As Collateral, Short Term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnInvestments', window );">Gain (loss) on investments</a></td>
<td class="nump">74,733<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">34,098<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForSaleMember', window );">Single-Family Rental Loans, Held-For-Sale | Redwood | Loans Pledged As Collateral, Long Term debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnInvestments', window );">Gain (loss) on investments</a></td>
<td class="nump">$ 228,125<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 154,774<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForSaleMember', window );">Single-Family Rental Loans, Held-For-Sale | Redwood | Financing Receivables, Equal to Greater than 90 Days Past Due</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableNumberOfLoansPastDue', window );">Number of loans with 90+ day delinquencies | loan</a></td>
<td class="nump">9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue', window );">Fair value of loans with 90+ day delinquencies</a></td>
<td class="nump">$ 6,883<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 7,127<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentPastDue', window );">Unpaid principal balance of loans with 90+ day delinquencies</a></td>
<td class="nump">$ 5,676<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6,143<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_BusinessPurposeBridgeLoansMember', window );">Business Purpose Bridge Loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateNumberOfLoans', window );">Number of loans | loan</a></td>
<td class="nump">2,097<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,725<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized', window );">Unpaid principal balance</a></td>
<td class="nump">$ 629,934<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 649,532<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="nump">$ 626,484<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 641,765<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivablesWeightedAverageInterestRate', window );">Weighted average coupon rate</a></td>
<td class="nump">7.93%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8.09%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableContractMaturities', window );">Contract maturities</a></td>
<td class="text">1 year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">1 year<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue', window );">Fair value of loans with 90+ day delinquencies</a></td>
<td class="nump">$ 20,424<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 38,552<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableNumberOfLoansInForeclosure', window );">Number of loans in foreclosure | loan</a></td>
<td class="nump">57<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">25<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure', window );">Unpaid principal balance of loans in foreclosure</a></td>
<td class="nump">$ 17,183<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 33,066<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_BusinessPurposeBridgeLoansMember', window );">Business Purpose Bridge Loans | Loans Pledged As Collateral, Short Term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnInvestments', window );">Gain (loss) on investments</a></td>
<td class="nump">90,096<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">92,931<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_BusinessPurposeBridgeLoansMember', window );">Business Purpose Bridge Loans | Loans Pledged As Collateral, Long Term debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnInvestments', window );">Gain (loss) on investments</a></td>
<td class="nump">$ 522,050<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 544,151<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_BusinessPurposeBridgeLoansMember', window );">Business Purpose Bridge Loans | Financing Receivables, Equal to Greater than 90 Days Past Due</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableNumberOfLoansPastDue', window );">Number of loans with 90+ day delinquencies | loan</a></td>
<td class="nump">31<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">31<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue', window );">Fair value of loans with 90+ day delinquencies</a></td>
<td class="nump">$ 17,850<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 39,415<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentPastDue', window );">Unpaid principal balance of loans with 90+ day delinquencies</a></td>
<td class="nump">$ 14,556<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 33,605<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair Value, Option, Loans Held As Assets, Aggregate Amount In Foreclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FinancingReceivableContractMaturities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing Receivable, Contract Maturities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FinancingReceivableContractMaturities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FinancingReceivableNumberOfLoansInForeclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing Receivable, Number Of Loans In Foreclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FinancingReceivableNumberOfLoansInForeclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FinancingReceivableNumberOfLoansPastDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing Receivable, Number Of Loans Past Due</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FinancingReceivableNumberOfLoansPastDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FinancingReceivablesWeightedAverageInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing Receivables, Weighted Average Interest Rate</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FinancingReceivablesWeightedAverageInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of Securitization Entities to which Asset Transferred</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ProceedsFromPrincipalRepaymentsOnSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from repayments of the balance excluding interest (principal) on real estate securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ProceedsFromPrincipalRepaymentsOnSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Real Estate Owned, Held-for-Investment, Adjustable Rate, Percent</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Real Estate Owned, Held-for-Investment, Fixed Rate, Percentage</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Real Estate Owned, Held-for-Investment, Original Maturity, Term</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Real Estate Owned, Transfer to Real Estate Owned, Number Of Loans</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ServicingFees1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Servicing Fees 1</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ServicingFees1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_MortgageLoansOnRealEstateLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_MortgageLoansOnRealEstateLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>srt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_MortgageLoansOnRealEstateNumberOfLoans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher SEC<br> -Name Regulation S-X (SX)<br> -Number 210<br> -Section 12<br> -Footnote 3<br> -Subsection 29<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29(Footnote 3))<br> -URI http://asc.fasb.org/extlink&amp;oid=120402547&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_MortgageLoansOnRealEstateNumberOfLoans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>srt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (e)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentPastDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of financing receivable past due.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 55<br> -Paragraph 80<br> -URI http://asc.fasb.org/extlink&amp;oid=121647567&amp;loc=SL82922355-210448<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 14<br> -URI http://asc.fasb.org/extlink&amp;oid=121599337&amp;loc=SL82919253-210447<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7A<br> -URI http://asc.fasb.org/extlink&amp;oid=121611835&amp;loc=SL6953401-111524<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentPastDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of realized and unrealized gain (loss) on investment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27405-111563<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7(c),9(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesReceivableNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121599337&amp;loc=SL82919230-210447<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121593590&amp;loc=d3e4428-111522<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesReceivableNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherCommitment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Minimum amount of other commitment not otherwise specified in the taxonomy. Excludes commitments explicitly modeled in the taxonomy, including but not limited to, long-term and short-term purchase commitments, recorded and unrecorded purchase obligations, supply commitments, registration payment arrangements, leases, debt, product warranties, guarantees, environmental remediation obligations, and pensions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherCommitment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToPurchaseLoansHeldForSale">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate cash outflow used to purchase all loans that are held with the intention to resell in the near future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 21<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3461-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToPurchaseLoansHeldForSale</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is the sum of principal amount outstanding for both securitized and unsecuritized loans of all types.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of loans held-for-sale transferred to loans held in the entity's portfolio in noncash transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4304-108586<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4332-108586<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4313-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TransferToOtherRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value transferred from mortgage loans to real estate owned (REO) in noncash transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4313-108586<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4304-108586<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4332-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TransferToOtherRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherCommitmentsAxis=rwt_CommitmentToFundResidentialBridgeLoanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherCommitmentsAxis=rwt_CommitmentToFundResidentialBridgeLoanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=rwt_RedwoodTrustInc.Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=rwt_RedwoodTrustInc.Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_BusinessPurposeMortgageBankingActivitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_BusinessPurposeMortgageBankingActivitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=rwt_CAFLSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=rwt_CAFLSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_ResidentialBridgeLoansHeldForInvestmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_ResidentialBridgeLoansHeldForInvestmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_BusinessPurposeResidentialLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_BusinessPurposeResidentialLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForSaleMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoansHeldForSaleMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_LoansPledgedAsCollateralShortTermDebtMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_LoansPledgedAsCollateralShortTermDebtMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_LoansPledgedAsCollateralLongTermDebtMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_LoansPledgedAsCollateralLongTermDebtMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_BusinessPurposeBridgeLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_BusinessPurposeBridgeLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>100
<FILENAME>R86.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774468765672">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Multifamily Loans (Details) - Multifamily loans, held-for-investment, at fair value<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($) </div>
<div>loan</div>
</th>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>USD ($) </div>
<div>loan</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=rwt_RedwoodTrustInc.Member', window );">Redwood</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateNumberOfLoans', window );">Number of loans | loan</a></td>
<td class="nump">28<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">28<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized', window );">Loan principal | $</a></td>
<td class="nump">$ 460,861<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 462,808<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans | $</a></td>
<td class="nump">$ 489,545<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 492,221<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivablesWeightedAverageInterestRate', window );">Weighted average coupon rate</a></td>
<td class="nump">4.25%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4.25%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableContractMaturities', window );">Contract maturities</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">5 years<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableNumberOfLoansInForeclosure', window );">Number of loans in foreclosure | loan</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=rwt_RedwoodTrustInc.Member', window );">Redwood | Financing Receivables, Equal to Greater than 90 Days Past Due</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableNumberOfLoansPastDue', window );">Number of loans with 90+ day delinquencies | loan</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember', window );">Held-for-investment at fair value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease', window );">Net market valuation gain (loss) | $</a></td>
<td class="num">$ (730)<span></span>
</td>
<td class="num">$ (82,431)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FinancingReceivableContractMaturities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing Receivable, Contract Maturities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FinancingReceivableContractMaturities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FinancingReceivableNumberOfLoansInForeclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing Receivable, Number Of Loans In Foreclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FinancingReceivableNumberOfLoansInForeclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FinancingReceivableNumberOfLoansPastDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing Receivable, Number Of Loans Past Due</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FinancingReceivableNumberOfLoansPastDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FinancingReceivablesWeightedAverageInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing Receivables, Weighted Average Interest Rate</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FinancingReceivablesWeightedAverageInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_MortgageLoansOnRealEstateLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_MortgageLoansOnRealEstateLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>srt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_MortgageLoansOnRealEstateNumberOfLoans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher SEC<br> -Name Regulation S-X (SX)<br> -Number 210<br> -Section 12<br> -Footnote 3<br> -Subsection 29<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29(Footnote 3))<br> -URI http://asc.fasb.org/extlink&amp;oid=120402547&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_MortgageLoansOnRealEstateNumberOfLoans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>srt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29(Footnote 6))<br> -URI http://asc.fasb.org/extlink&amp;oid=120402547&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesReceivableNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121599337&amp;loc=SL82919230-210447<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121593590&amp;loc=d3e4428-111522<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesReceivableNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is the sum of principal amount outstanding for both securitized and unsecuritized loans of all types.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=rwt_RedwoodTrustInc.Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=rwt_RedwoodTrustInc.Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_MultifamilyLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_MultifamilyLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>101
<FILENAME>R87.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774468993256">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Real Estate Securities - Fair Values of Real Estate Securities (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract', window );"><strong>Investments, Debt and Equity Securities [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Trading</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 145,390<span></span>
</td>
<td class="nump">$ 125,667<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities', window );">Available-for-sale</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">218,930<span></span>
</td>
<td class="nump">218,458<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecurities', window );">Total Real Estate Securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 364,320<span></span>
</td>
<td class="nump">$ 344,125<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(6))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=121558606&amp;loc=SL82898722-210454<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121553693&amp;loc=d3e26610-111562<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (aa)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27161-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MarketableSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in marketable security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MarketableSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TradingSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TradingSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>102
<FILENAME>R88.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774463573912">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Real Estate Securities - Trading Securities by Collateral Type (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="nump">$ 145,390<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 125,667<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentOwnedBalancePrincipalAmount', window );">Unpaid principal balance</a></td>
<td class="nump">225,762<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">245,855<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment', window );">Principal balance of securities acquired</a></td>
<td class="nump">15,880<span></span>
</td>
<td class="nump">$ 56,471<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment', window );">Principal balance of securities sold</a></td>
<td class="nump">34,743<span></span>
</td>
<td class="nump">618,867<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInTradingSecurities', window );">Net market valuation gains (losses) recorded</a></td>
<td class="nump">21,349<span></span>
</td>
<td class="num">$ (263,325)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_SeniorSecuritiesMember', window );">Senior IO Securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="nump">31,580<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">28,464<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentOwnedBalancePrincipalAmount', window );">Unpaid principal balance</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_RealEstateSecuritiesPrimeMezzanineMember', window );">Mezzanine</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,649<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentOwnedBalancePrincipalAmount', window );">Unpaid principal balance</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,577<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_RealEstateSecuritiesPrimeSubordinateMember', window );">Subordinate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="nump">113,810<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">93,554<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentOwnedBalancePrincipalAmount', window );">Unpaid principal balance</a></td>
<td class="nump">225,762<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">242,278<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_InterestOnlySeniorTradingSecuritiesMember', window );">Interest Only Senior Trading Securities | Senior IO Securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="nump">31,580<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">28,464<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_InterestOnlySeniorTradingSecuritiesMember', window );">Interest Only Senior Trading Securities | Senior IO Securities | Sequoia Choice</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="nump">18,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_SequoiaSecuritiesMember', window );">Sequoia securities | Mezzanine</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,649<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_RepreformingLoansSecuritiesMember', window );">RPL securities | Subordinate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="nump">59,958<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">47,448<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_MultifamilyLoansMember', window );">Multifamily loans, held-for-investment, at fair value | Subordinate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="nump">9,437<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,592<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_OtherThirdPartySecuritiesMember', window );">Other third-party residential securities | Subordinate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Real estate securities</a></td>
<td class="nump">$ 44,415<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 40,514<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInTradingSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) of investment in debt and equity securities, measured at fair value with changes in fair value recognized in net income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3444-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInTradingSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentHoldingsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentHoldingsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentOwnedBalancePrincipalAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For investments which are quantified by principal amount, the principle balance held at close of period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 210<br> -Section 50<br> -Paragraph 6<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=99383244&amp;loc=d3e12121-115841<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 320<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-12B(Column B))<br> -URI http://asc.fasb.org/extlink&amp;oid=120401592&amp;loc=d3e611197-123010<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentOwnedBalancePrincipalAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to acquire securities classified as trading securities and held for investment purposes. Excludes payments for trading securities purchased and held principally for the purpose of selling them in the near term (thus held for only a short period of time).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the sale of securities classified as trading securities and held for investment purposes. Excludes proceeds from trading securities purchased and held principally for the purpose of selling them in the near term (thus held for only a short period of time).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TradingSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TradingSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_SeniorSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_SeniorSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_RealEstateSecuritiesPrimeMezzanineMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_RealEstateSecuritiesPrimeMezzanineMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_RealEstateSecuritiesPrimeSubordinateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_RealEstateSecuritiesPrimeSubordinateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_InterestOnlySeniorTradingSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_InterestOnlySeniorTradingSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_SequoiaSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_SequoiaSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_RepreformingLoansSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_RepreformingLoansSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_MultifamilyLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_MultifamilyLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_OtherThirdPartySecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_OtherThirdPartySecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>103
<FILENAME>R89.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774470074168">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Real Estate Securities - Available for Sale Securities by Collateral Type (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities', window );">Available-for-sale</a></td>
<td class="nump">$ 218,930<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 218,458<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt', window );">Fair value of securities acquired</a></td>
<td class="nump">1,078<span></span>
</td>
<td class="nump">$ 31,181<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt', window );">Fair value of securities sold</a></td>
<td class="nump">2,200<span></span>
</td>
<td class="nump">46,457<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain', window );">Net realized gains recorded</a></td>
<td class="nump">200<span></span>
</td>
<td class="nump">$ 3,852<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_RealEstateSecuritiesPrimeMezzanineMember', window );">Mezzanine</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities', window );">Available-for-sale</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,014<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_RealEstateSecuritiesPrimeSubordinateMember', window );">Subordinate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities', window );">Available-for-sale</a></td>
<td class="nump">218,930<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">216,444<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_OtherThirdPartySecuritiesMember', window );">Other third-party residential securities | Mezzanine</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities', window );">Available-for-sale</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,014<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_OtherThirdPartySecuritiesMember', window );">Other third-party residential securities | Subordinate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities', window );">Available-for-sale</a></td>
<td class="nump">38,651<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">36,306<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_SequoiaSecuritiesMember', window );">Sequoia securities | Subordinate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities', window );">Available-for-sale</a></td>
<td class="nump">141,632<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">136,475<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_MultifamilyLoansMember', window );">Multifamily loans, held-for-investment, at fair value | Subordinate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities', window );">Available-for-sale</a></td>
<td class="nump">$ 38,647<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 43,663<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(6))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=121558606&amp;loc=SL82898722-210454<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121553693&amp;loc=d3e26610-111562<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (aa)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27161-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of realized gain on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27357-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleRealizedGain</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentHoldingsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentHoldingsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow to acquire investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3213-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3151-108585<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=121553693&amp;loc=d3e26853-111562<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow from sale of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=121553693&amp;loc=d3e26853-111562<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3151-108585<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_RealEstateSecuritiesPrimeMezzanineMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_RealEstateSecuritiesPrimeMezzanineMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_RealEstateSecuritiesPrimeSubordinateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_RealEstateSecuritiesPrimeSubordinateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_OtherThirdPartySecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_OtherThirdPartySecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_SequoiaSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_SequoiaSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_MultifamilyLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_MultifamilyLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>104
<FILENAME>R90.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774477557624">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Real Estate Securities - Additional Information (Details)<br> $ in Thousands</strong></div></th>
<th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($) </div>
<div>investment</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>USD ($) </div>
<div>investment</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfAvailableForSaleSecurities', window );">Number of AFS securities (in investments) | investment</a></td>
<td class="nump">93<span></span>
</td>
<td class="nump">96<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions', window );">Number of securities in unrealized loss position | investment</a></td>
<td class="nump">4<span></span>
</td>
<td class="nump">5<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths', window );">Number of securities in a continuous unrealized loss position for twelve consecutive months or longer (in investments) | investment</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
<td class="nump">$ 252<span></span>
</td>
<td class="nump">$ 1,047<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">CECL credit allowance</a></td>
<td class="nump">13<span></span>
</td>
<td class="nump">388<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember', window );">Residential</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentHoldingsLineItems', window );"><strong>Investment Holdings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost', window );">AFS securities, contractual maturities, less than five years</a></td>
<td class="nump">35,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost', window );">Marketable securities, due from five to ten years</a></td>
<td class="nump">4,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">CECL credit allowance</a></td>
<td class="nump">$ 44,947<span></span>
</td>
<td class="nump">$ 44,967<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_NumberOfAvailableForSaleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number Of Available for Sale Securities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_NumberOfAvailableForSaleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of Securities, Continuous Unrealized Loss Position More Than Twelve Months</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before tax, of unrealized loss in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27161-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing in sixth through tenth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27198-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing in second through fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27198-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922900-210455<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (i)<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922900-210455<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (aaa)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27161-111563<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=121558606&amp;loc=SL82898722-210454<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of investments in debt securities measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -Subparagraph (b)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27290-111563<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922888-210455<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentHoldingsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentHoldingsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>105
<FILENAME>R91.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774455675304">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Real Estate Securities - Components of Carrying Value (Which Equals Fair Value) of Residential Available for Sale Securities (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Debt Securities, Available-for-sale [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableForSalePrincipalBalance', window );">Principal balance</a></td>
<td class="nump">$ 273,595<span></span>
</td>
<td class="nump">$ 283,284<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableForSaleCreditReserve', window );">Credit reserve</a></td>
<td class="num">(44,947)<span></span>
</td>
<td class="num">(44,967)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums', window );">Unamortized discount, net</a></td>
<td class="num">(94,188)<span></span>
</td>
<td class="num">(95,718)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis', window );">Amortized cost</a></td>
<td class="nump">134,460<span></span>
</td>
<td class="nump">142,599<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
<td class="nump">84,735<span></span>
</td>
<td class="nump">77,294<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
<td class="num">(252)<span></span>
</td>
<td class="num">(1,047)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">CECL allowance</a></td>
<td class="num">(13)<span></span>
</td>
<td class="num">(388)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities', window );">Carrying Value</a></td>
<td class="nump">218,930<span></span>
</td>
<td class="nump">218,458<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_RealEstateSecuritiesPrimeMezzanineMember', window );">Mezzanine</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Debt Securities, Available-for-sale [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableForSalePrincipalBalance', window );">Principal balance</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">2,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableForSaleCreditReserve', window );">Credit reserve</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums', window );">Unamortized discount, net</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis', window );">Amortized cost</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">2,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">14<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">CECL allowance</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities', window );">Carrying Value</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">2,014<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_SubordinateSecuritiesMember', window );">Subordinate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Debt Securities, Available-for-sale [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableForSalePrincipalBalance', window );">Principal balance</a></td>
<td class="nump">273,595<span></span>
</td>
<td class="nump">281,284<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableForSaleCreditReserve', window );">Credit reserve</a></td>
<td class="num">(44,947)<span></span>
</td>
<td class="num">(44,967)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums', window );">Unamortized discount, net</a></td>
<td class="num">(94,188)<span></span>
</td>
<td class="num">(95,718)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis', window );">Amortized cost</a></td>
<td class="nump">134,460<span></span>
</td>
<td class="nump">140,599<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
<td class="nump">84,735<span></span>
</td>
<td class="nump">77,280<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
<td class="num">(252)<span></span>
</td>
<td class="num">(1,047)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">CECL allowance</a></td>
<td class="num">(13)<span></span>
</td>
<td class="num">(388)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities', window );">Carrying Value</a></td>
<td class="nump">$ 218,930<span></span>
</td>
<td class="nump">$ 216,444<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_DebtSecuritiesAvailableForSaleCreditReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Securities, Available For Sale, Credit Reserve</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_DebtSecuritiesAvailableForSaleCreditReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_DebtSecuritiesAvailableForSalePrincipalBalance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Securities, Available For Sale, Principal Balance</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_DebtSecuritiesAvailableForSalePrincipalBalance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Securities, Available For Sale, Unamortized Discounts Premiums</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before tax, of unrealized gain in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27161-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before tax, of unrealized loss in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27161-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27161-111563<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=121558606&amp;loc=SL82898722-210454<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(6))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=121558606&amp;loc=SL82898722-210454<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121553693&amp;loc=d3e26610-111562<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (aa)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27161-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922900-210455<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (i)<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922900-210455<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (aaa)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27161-111563<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=121558606&amp;loc=SL82898722-210454<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_RealEstateSecuritiesPrimeMezzanineMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_RealEstateSecuritiesPrimeMezzanineMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_SubordinateSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_SubordinateSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>106
<FILENAME>R92.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774469467848">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Real Estate Securities - Changes of Unamortized Discount and Designated Credit Reserves on Residential Available for Sale Securities (Details)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward', window );"><strong>Credit Reserve</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">Beginning balance</a></td>
<td class="nump">$ 388<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold', window );">Sales, calls, other</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">Ending Balance</a></td>
<td class="nump">13<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward', window );"><strong>Unamortized Discount, Net</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums', window );">Beginning balance</a></td>
<td class="nump">95,718<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums', window );">Ending Balance</a></td>
<td class="nump">94,188<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember', window );">Residential</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward', window );"><strong>Credit Reserve</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">Beginning balance</a></td>
<td class="nump">44,967<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium', window );">Amortization of net discount</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses', window );">Realized credit losses</a></td>
<td class="num">(137)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions', window );">Acquisitions</a></td>
<td class="nump">1,935<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold', window );">Sales, calls, other</a></td>
<td class="num">(274)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal', window );">Transfers to (release of) credit reserves, net</a></td>
<td class="num">(1,544)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">Ending Balance</a></td>
<td class="nump">44,947<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward', window );"><strong>Unamortized Discount, Net</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums', window );">Beginning balance</a></td>
<td class="nump">95,718<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium', window );">Amortization of net discount</a></td>
<td class="num">(1,614)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses', window );">Realized credit losses</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions', window );">Acquisitions</a></td>
<td class="nump">840<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther', window );">Sales, calls, other</a></td>
<td class="num">(2,300)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves', window );">Transfers to (release of) credit reserves, net</a></td>
<td class="nump">1,544<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums', window );">Ending Balance</a></td>
<td class="nump">$ 94,188<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Available For Sale Securities Unamortized Discounts Premiums [Abstract] [Roll Forward]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes to the net unamortized discount on available-for-sale securities due to security acquisitions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes to the net unamortized discount on available-for-sale securities due to the amortization of net discount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes to the net unamortized discount on available-for-sale securities due to realized credit losses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes to the net unamortized discount on available-for-sale securities due to sales, calls, and other items.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Transfers to or releases of the credit reserve on available-for-sale securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Securities, Available For Sale, Unamortized Discounts Premiums</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes to the credit reserve on available-for-sale securities due to security acquisitions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes to credit reserve on available-for-sale securities due to the amortization of net discount</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes to the credit reserve on available-for-sale securities due to realized credit losses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922900-210455<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (i)<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922900-210455<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (aaa)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27161-111563<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=121558606&amp;loc=SL82898722-210454<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of decrease in allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) from sale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922900-210455<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense (reversal of expense) for expected credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), from change in present value of expected cash flows.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=121558606&amp;loc=SL82922868-210454<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922897-210455<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>107
<FILENAME>R93.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457227368">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Real Estate Securities - Components of Carrying Value of Residential Available for Sale Securities in Unrealized Loss Position (Details) - Residential - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Debt Securities, Available-for-sale [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost', window );">Less Than 12 Consecutive Months, Amortized Cost</a></td>
<td class="nump">$ 490<span></span>
</td>
<td class="nump">$ 9,129<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less Than 12 Consecutive Months, Unrealized Losses</a></td>
<td class="num">(2)<span></span>
</td>
<td class="num">(1,047)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months', window );">Less Than 12 Consecutive Months, Fair Value</a></td>
<td class="nump">488<span></span>
</td>
<td class="nump">7,920<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost', window );">12 Consecutive Months or Longer, Amortized Cost</a></td>
<td class="nump">6,421<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 Consecutive Months or Longer, Unrealized Losses</a></td>
<td class="num">(250)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger', window );">12 Consecutive Months or Longer, Fair Value</a></td>
<td class="nump">$ 6,158<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the amortized cost basis of securities that have been in a loss position for less than twelve months for those securities which are categorized neither as held-to-maturity nor trading securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the amortized cost basis of securities that have been in a loss position for twelve months or longer for those securities which are categorized neither as held-to-maturity nor trading securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in continuous unrealized loss position for more than 12 months, without allowance for credit loss. Includes beneficial interest in securitized financial asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922890-210455<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27337-111563<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=121590138&amp;loc=SL82922954-210456<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated unrealized loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in continuous unrealized loss position for 12 months or longer, without allowance for credit loss. Includes beneficial interest in securitized financial asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27337-111563<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922890-210455<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in continuous unrealized loss position for less than 12 months, without allowance for credit loss. Includes beneficial interest in securitized financial asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27337-111563<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922890-210455<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=121590138&amp;loc=SL82922954-210456<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated unrealized loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in continuous unrealized loss position for less than 12 months, without allowance for credit loss. Includes beneficial interest in securitized financial asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922890-210455<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27337-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>108
<FILENAME>R94.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774698946632">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Real Estate Securities - Summary of Significant Valuation Assumptions for Available for Sale Securities Credit Loss (Details) - Subordinate Securities<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2021</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Debt Securities, Available-for-sale [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate', window );">Default rate</a></td>
<td class="nump">0.70%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity', window );">Loss severity</a></td>
<td class="nump">24.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Securities, Available-for-sale, Allowance for Credit Loss, Qualitative Disclosures, Default Rate</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Securities, Available-for-sale, Allowance for Credit Loss, Qualitative Disclosures, Severity</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_SubordinateSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_SubordinateSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>109
<FILENAME>R95.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774469838568">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Real Estate Securities - Activity of Allowance for Credit Losses for Available-for-sale Securities (Details)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward', window );"><strong>Rollforward of Allowance for Credit Losses</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">Beginning balance</a></td>
<td class="nump">$ 388<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded', window );">Additions to allowance for credit losses on securities for which credit losses were not previously recorded</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal', window );">Additional increases (decreases) to the allowance for credit losses on securities that had an allowance recorded in a previous period</a></td>
<td class="num">(375)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease', window );">Allowance on purchased financial assets with credit deterioration</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold', window );">Reduction to allowance for securities sold during the period</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery', window );">Reduction to allowance for securities we intend to sell or more likely than not will be required to sell</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff', window );">Write-offs charged against allowance</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery', window );">Recoveries of amounts previously written off</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">Ending Balance</a></td>
<td class="nump">$ 13<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922900-210455<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (i)<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922900-210455<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (aaa)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27161-111563<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=121558606&amp;loc=SL82898722-210454<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), for which no credit loss was previously recorded.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922900-210455<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense (reversal of expense) for allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), not intended to be sold and not more likely than not will be required to sell before recovery of amortized cost basis, with previously recorded allowance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922900-210455<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) and beneficial interest, purchased with credit deterioration.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922900-210455<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), from recovery.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (h)<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922900-210455<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of decrease in allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) from sale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922900-210455<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of decrease in allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) from intent to sell or more likely than not will be required to sell before recovery of amortized cost basis.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922900-210455<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of writeoff of allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=121582814&amp;loc=SL82922900-210455<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>110
<FILENAME>R96.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774469802584">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Real Estate Securities - Gross Realized Gains and Losses on Sales and Calls of Available for Sale Securities (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Debt Securities, Available-for-sale [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain', window );">Gross realized gains</a></td>
<td class="nump">$ 200<span></span>
</td>
<td class="nump">$ 3,852<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls', window );">Total Realized Gains on Sales and Calls of AFS Securities, net</a></td>
<td class="nump">2,608<span></span>
</td>
<td class="nump">3,852<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OptionIndexedToIssuersEquityEquityAxis=us-gaap_PutOptionMember', window );">Sales</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Debt Securities, Available-for-sale [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain', window );">Gross realized gains</a></td>
<td class="nump">200<span></span>
</td>
<td class="nump">7,705<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss', window );">Gross realized losses - sales</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(3,853)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OptionIndexedToIssuersEquityEquityAxis=us-gaap_CallOptionMember', window );">Calls</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Debt Securities, Available-for-sale [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain', window );">Gross realized gains</a></td>
<td class="nump">$ 2,408<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Available-for-sale Securities, Gross Realized Gain (Loss) On Sales And Calls</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of realized gain on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27357-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleRealizedGain</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of realized loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121645371&amp;loc=d3e27357-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OptionIndexedToIssuersEquityEquityAxis=us-gaap_PutOptionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OptionIndexedToIssuersEquityEquityAxis=us-gaap_PutOptionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OptionIndexedToIssuersEquityEquityAxis=us-gaap_CallOptionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OptionIndexedToIssuersEquityEquityAxis=us-gaap_CallOptionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>111
<FILENAME>R97.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774459213304">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Other Investments - Summary of Other Investments (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems', window );"><strong>Net Investment Income [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">Servicing asset, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 192,852<span></span>
</td>
<td class="nump">$ 217,656<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other Investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">322,579<span></span>
</td>
<td class="nump">348,175<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Residential Loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems', window );"><strong>Net Investment Income [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">Servicing asset, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">206,525<span></span>
</td>
<td class="nump">231,489<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_ExcessMortgageServicingRightsMember', window );">Excess MSRs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems', window );"><strong>Net Investment Income [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">Servicing asset, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">32,465<span></span>
</td>
<td class="nump">34,418<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_HomeAppreciationOptionMember', window );">Shared home appreciation options</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems', window );"><strong>Net Investment Income [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoanHeldForInvestmentAmount', window );">Loans held for investment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">42,440<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsMember', window );">Mortgage servicing rights</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems', window );"><strong>Net Investment Income [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">Servicing asset, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7,945<span></span>
</td>
<td class="nump">8,815<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_OtherNotesReceivableMember', window );">Other</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems', window );"><strong>Net Investment Income [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoanHeldForInvestmentAmount', window );">Loans held for investment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 29,821<span></span>
</td>
<td class="nump">$ 31,013<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_LoanHeldForInvestmentAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loan Held-for-investment, Amount</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_LoanHeldForInvestmentAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investments classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.1(f,g))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ServicingAssetAtFairValueAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122492-111745<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=116651436&amp;loc=d3e122625-111746<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ServicingAssetAtFairValueAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_ExcessMortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_ExcessMortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_HomeAppreciationOptionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_HomeAppreciationOptionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_OtherNotesReceivableMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_OtherNotesReceivableMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>112
<FILENAME>R98.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774560824872">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Other Investments - Additional Information (Details)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($) </div>
<div>partnership</div>
</th>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems', window );"><strong>Net Investment Income [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfPartnershipsConsolidated', window );">Number of partnerships consolidated | partnership</a></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_CommitmentToFundPartnership', window );">Commitment to fund partnership</a></td>
<td class="nump">$ 94,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">Servicing asset, fair value</a></td>
<td class="nump">192,852<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 217,656<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCollateralAmount', window );">Collateral amounts</a></td>
<td class="nump">1,139,638<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,084,929<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Equity investment income</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">$ 848<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="nump">45,087<span></span>
</td>
<td class="num">(870,832)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">128,305<span></span>
</td>
<td class="nump">198,081<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ServicerAdvanceFinancingMember', window );">Servicer advance financing</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems', window );"><strong>Net Investment Income [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCollateralAmount', window );">Collateral amounts</a></td>
<td class="nump">193,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Equity investment income</a></td>
<td class="nump">3,000<span></span>
</td>
<td class="nump">3,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="num">(200)<span></span>
</td>
<td class="num">(6,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember', window );">Held-for-sale residential loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems', window );"><strong>Net Investment Income [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">Servicing asset, fair value</a></td>
<td class="nump">206,525<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">231,489<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans', window );">Servicing asset, unpaid principal balance on underlying loan</a></td>
<td class="nump">8,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_ExcessMortgageServicingRightsMember', window );">Excess MSRs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems', window );"><strong>Net Investment Income [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">Servicing asset, fair value</a></td>
<td class="nump">32,465<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">34,418<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="num">(2,000)<span></span>
</td>
<td class="num">(9,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">3,000<span></span>
</td>
<td class="nump">3,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_HomeAppreciationOptionMember', window );">Shared home appreciation options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems', window );"><strong>Net Investment Income [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireInvestments', window );">Payments to acquire investments</a></td>
<td class="nump">47,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_HomeAppreciationOptionMember', window );">Shared home appreciation options | Commitment To Fund Investment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems', window );"><strong>Net Investment Income [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="nump">5,000<span></span>
</td>
<td class="num">(8,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsMember', window );">MSRs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems', window );"><strong>Net Investment Income [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">Servicing asset, fair value</a></td>
<td class="nump">7,945<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,815<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAsset', window );">Aggregate principal balance</a></td>
<td class="nump">2,070,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,590,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs', window );">MSR income (losses), net</a></td>
<td class="nump">$ 1,000<span></span>
</td>
<td class="num">$ (2,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_CommitmentToFundPartnership">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commitment To Fund Partnership</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_CommitmentToFundPartnership</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Includes income from mortgage banking servicing real estate mortgages, net of subservicing costs, and market valuation changes of MSRs held at fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_NumberOfPartnershipsConsolidated">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number Of Partnerships Consolidated</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_NumberOfPartnershipsConsolidated</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Servicing Asset At Fair Value, Unpaid Principal Balance On Underlying Loans</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentCollateralAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of assets pledged to secure a debt instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 470<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=75038535&amp;loc=d3e64711-112823<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentCollateralAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) for proportionate share of equity method investee's income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13)(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=109237563&amp;loc=d3e33749-111570<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestAndDividendIncomeOperating">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.1-5)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestAndDividendIncomeOperating</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the purchase of all investments (debt, security, other) during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ServicingAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate amount of servicing assets that are subsequently measured at fair value and servicing assets that are subsequently measured using the amortization method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ServicingAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ServicingAssetAtFairValueAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122492-111745<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=116651436&amp;loc=d3e122625-111746<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ServicingAssetAtFairValueAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrealizedGainLossOnInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unrealized gain (loss) on investment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrealizedGainLossOnInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ServicerAdvanceFinancingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ServicerAdvanceFinancingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_ExcessMortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_ExcessMortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_HomeAppreciationOptionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_HomeAppreciationOptionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherCommitmentsAxis=rwt_CommitmentToFundInvestmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherCommitmentsAxis=rwt_CommitmentToFundInvestmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_MortgageServicingRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>113
<FILENAME>R99.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457252872">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Other Investments - Servicing Advance Investments (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule of Investments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ServicingAssetAtFairValueAmount', window );">Total Servicer Advance Receivables</a></td>
<td class="nump">$ 192,852<span></span>
</td>
<td class="nump">$ 217,656<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_ServicerAdvanceFinancingMember', window );">Servicer advance financing</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule of Investments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances', window );">Principal and interest advances</a></td>
<td class="nump">92,628<span></span>
</td>
<td class="nump">110,923<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ServicingAssetsAtFairValueEscrowAdvances', window );">Escrow advances (taxes and insurance advances)</a></td>
<td class="nump">74,970<span></span>
</td>
<td class="nump">79,279<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ServicingAssetsAtFairValueCorporateAdvances', window );">Corporate advances</a></td>
<td class="nump">$ 25,254<span></span>
</td>
<td class="nump">$ 27,454<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ServicingAssetsAtFairValueCorporateAdvances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Servicing Assets At Fair Value, Corporate Advances</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ServicingAssetsAtFairValueCorporateAdvances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ServicingAssetsAtFairValueEscrowAdvances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Servicing Assets At Fair Value, Escrow Advances</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ServicingAssetsAtFairValueEscrowAdvances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Servicing Assets At Fair Value, Principal And Interest Advances</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInvestmentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfInvestmentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ServicingAssetAtFairValueAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122492-111745<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=116651436&amp;loc=d3e122625-111746<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 50<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6469459&amp;loc=d3e122501-111745<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ServicingAssetAtFairValueAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_ServicerAdvanceFinancingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_ServicerAdvanceFinancingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>114
<FILENAME>R100.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774462820824">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Derivative Financial Instruments - Aggregate Fair Value and Notional Amount of Derivative Financial Instruments (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeNet', window );">Fair Value</a></td>
<td class="nump">$ 56,746,000<span></span>
</td>
<td class="nump">$ 37,166,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Notional Amount</a></td>
<td class="nump">12,693,885,000<span></span>
</td>
<td class="nump">11,346,407,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=rwt_ToBeAnnouncedContractsMember', window );">TBAs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Notional Amount</a></td>
<td class="nump">5,210,000,000<span></span>
</td>
<td class="nump">6,630,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_FutureMember', window );">Interest rate futures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Notional Amount</a></td>
<td class="nump">195,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember', window );">Derivative Liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeNet', window );">Fair Value</a></td>
<td class="num">(73,178,000)<span></span>
</td>
<td class="num">(16,072,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Notional Amount</a></td>
<td class="nump">5,132,102,000<span></span>
</td>
<td class="nump">3,582,153,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember', window );">Derivative Liabilities | Interest rate swaps</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeNet', window );">Fair Value</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Notional Amount</a></td>
<td class="nump">4,000,000<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember', window );">Derivative Liabilities | TBAs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeNet', window );">Fair Value</a></td>
<td class="num">(35,621,000)<span></span>
</td>
<td class="num">(15,495,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Notional Amount</a></td>
<td class="nump">1,860,000,000<span></span>
</td>
<td class="nump">3,105,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember', window );">Derivative Liabilities | Interest rate futures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeNet', window );">Fair Value</a></td>
<td class="num">(2,451,000)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Notional Amount</a></td>
<td class="nump">195,000,000<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByLiabilityClassAxis=us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember', window );">Derivative Liabilities | Residential loan purchase commitments, net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeNet', window );">Fair Value</a></td>
<td class="num">(35,106,000)<span></span>
</td>
<td class="num">(577,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Notional Amount</a></td>
<td class="nump">3,073,102,000<span></span>
</td>
<td class="nump">477,153,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_DerivativeFinancialInstrumentsAssetsMember', window );">Derivative Assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeNet', window );">Fair Value</a></td>
<td class="nump">129,924,000<span></span>
</td>
<td class="nump">53,238,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Notional Amount</a></td>
<td class="nump">7,561,783,000<span></span>
</td>
<td class="nump">7,764,254,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_DerivativeFinancialInstrumentsAssetsMember', window );">Derivative Assets | Interest rate swaps</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeNet', window );">Fair Value</a></td>
<td class="nump">4,350,000<span></span>
</td>
<td class="nump">224,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Notional Amount</a></td>
<td class="nump">163,000,000<span></span>
</td>
<td class="nump">42,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_DerivativeFinancialInstrumentsAssetsMember', window );">Derivative Assets | TBAs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeNet', window );">Fair Value</a></td>
<td class="nump">40,800,000<span></span>
</td>
<td class="nump">18,260,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Notional Amount</a></td>
<td class="nump">3,350,000,000<span></span>
</td>
<td class="nump">3,520,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_DerivativeFinancialInstrumentsAssetsMember', window );">Derivative Assets | Swaptions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeNet', window );">Fair Value</a></td>
<td class="nump">83,610,000<span></span>
</td>
<td class="nump">19,727,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Notional Amount</a></td>
<td class="nump">3,825,000,000<span></span>
</td>
<td class="nump">1,585,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=us-gaap_DerivativeFinancialInstrumentsAssetsMember', window );">Derivative Assets | Residential loan purchase commitments, net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeNet', window );">Fair Value</a></td>
<td class="nump">1,164,000<span></span>
</td>
<td class="nump">15,027,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Notional Amount</a></td>
<td class="nump">$ 223,783,000<span></span>
</td>
<td class="nump">$ 2,617,254,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeFairValueOfDerivativeNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of the assets less the liabilities of a derivative or group of derivatives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121572278&amp;loc=d3e13433-108611<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeFairValueOfDerivativeNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeNotionalAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Nominal or face amount used to calculate payment on derivative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1B<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5580258-113959<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5579245-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeNotionalAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=rwt_ToBeAnnouncedContractsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=rwt_ToBeAnnouncedContractsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_FutureMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_FutureMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByLiabilityClassAxis=us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByLiabilityClassAxis=us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_LoanPurchaseCommitmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_LoanPurchaseCommitmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=us-gaap_DerivativeFinancialInstrumentsAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=us-gaap_DerivativeFinancialInstrumentsAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwaptionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwaptionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>115
<FILENAME>R101.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774464965832">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Derivative Financial Instruments - Additional Information (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Notional amount</a></td>
<td class="nump">$ 12,693,885,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 11,346,407,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Accumulated other comprehensive income (loss)</a></td>
<td class="nump">1,215,575,000<span></span>
</td>
<td class="nump">$ 725,202,000<span></span>
</td>
<td class="nump">1,110,899,000<span></span>
</td>
<td class="nump">$ 1,827,231,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember', window );">Interest Rate Agreements Accounted for as Cash Flow Hedges</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Accumulated other comprehensive income (loss)</a></td>
<td class="num">(79,539,000)<span></span>
</td>
<td class="num">(83,666,000)<span></span>
</td>
<td class="num">(80,557,000)<span></span>
</td>
<td class="num">$ (50,939,000)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=us-gaap_InterestExpenseMember', window );">Interest Expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths', window );">Cash flow hedge gain (loss) to be reclassified over the next 12 months</a></td>
<td class="num">(4,000,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_MortgageBankingActivitiesMember', window );">Mortgage Banking Activities, Net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Market valuations gains (losses), net</a></td>
<td class="nump">75,562,000<span></span>
</td>
<td class="num">(37,003,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByAssetClassAxis=rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember', window );">Loan purchase commitments and forward sales commitments | Mortgage Banking Activities, Net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Market valuations gains (losses), net</a></td>
<td class="num">(52,000,000)<span></span>
</td>
<td class="nump">22,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateContractMember', window );">Interest rate contract</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Notional amount</a></td>
<td class="nump">3,990,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,630,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=rwt_ToBeAnnouncedContractsMember', window );">TBAs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Notional amount</a></td>
<td class="nump">5,210,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6,630,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_FutureMember', window );">Interest rate futures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Notional amount</a></td>
<td class="nump">195,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=rwt_ResidentialAndCommercialLoansMember', window );">Unsecuritized Residential and Commercial Loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Derivative gain (loss)</a></td>
<td class="nump">93,000,000<span></span>
</td>
<td class="num">(98,000,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember', window );">Interest rate swaps | Cash Flow Hedging</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Derivative gain (loss)</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="num">(33,000,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCostOfHedge', window );">Derivative, cost of hedge</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 84,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase (Decrease) in Fair Value Adjustments on Assets</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121549185&amp;loc=d3e80748-113994<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeCostOfHedge">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The premium (cost) of a hedge, expensed during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeCostOfHedge</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeGainLossOnDerivativeNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in the fair value of derivatives recognized in the income statement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4A<br> -Subparagraph (b)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5618551-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeGainLossOnDerivativeNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeNotionalAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Nominal or face amount used to calculate payment on derivative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1B<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5580258-113959<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5579245-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeNotionalAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeStatementLocationAxis=us-gaap_InterestExpenseMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeStatementLocationAxis=us-gaap_InterestExpenseMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_MortgageBankingActivitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_MortgageBankingActivitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=rwt_ToBeAnnouncedContractsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=rwt_ToBeAnnouncedContractsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_FutureMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_FutureMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=rwt_ResidentialAndCommercialLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=rwt_ResidentialAndCommercialLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>116
<FILENAME>R102.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774459268600">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Derivative Financial Instruments - Impact on Interest Expense of Interest Rate Agreements Accounted for as Cash Flow Hedges (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Total interest expense</a></td>
<td class="num">$ (102,552)<span></span>
</td>
<td class="num">$ (146,671)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember', window );">Cash Flow Hedging | Interest rate contract</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_InterestExpenseCashFlowHedge', window );">Net interest expense on cash flows hedges</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(860)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent', window );">Realized net losses reclassified from other comprehensive income</a></td>
<td class="num">(1,018)<span></span>
</td>
<td class="num">(79)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Total interest expense</a></td>
<td class="num">$ (1,018)<span></span>
</td>
<td class="num">$ (939)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_InterestExpenseCashFlowHedge">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of interest expense recognized in earnings on cash flow hedge.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_InterestExpenseCashFlowHedge</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=119993939&amp;loc=d3e28555-108399<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (210.5-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after tax and reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness, attributable to parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=d3e637-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>117
<FILENAME>R103.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774469827816">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Other Assets and Liabilities - Components of Other Assets (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract', window );"><strong>Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestReceivable', window );">Accrued interest receivable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 40,097<span></span>
</td>
<td class="nump">$ 39,445<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedInvestmentIncomeReceivable', window );">Investment receivable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">37,102<span></span>
</td>
<td class="nump">43,176<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarginDepositAssets', window );">Margin receivable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">16,283<span></span>
</td>
<td class="nump">4,758<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAcquiredThroughForeclosure', window );">REO</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">15,829<span></span>
</td>
<td class="nump">8,413<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseRightOfUseAsset', window );">Operating lease right-of-use assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">14,227<span></span>
</td>
<td class="nump">15,012<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Fixed assets and leasehold improvements</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,153<span></span>
</td>
<td class="nump">4,203<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FederalHomeLoanBankStock', window );">FHLBC stock</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,000<span></span>
</td>
<td class="nump">5,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue', window );">Pledged collateral</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">1,177<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsMiscellaneous', window );">Other</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">8,047<span></span>
</td>
<td class="nump">9,404<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssets', window );">Total Other Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">141,738<span></span>
</td>
<td class="nump">$ 130,588<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Fixed assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment', window );">Accumulated depreciation</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 7,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedInvestmentIncomeReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest, dividends, rents, ancillary and other revenues earned but not yet received by the entity on its investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccruedInvestmentIncomeReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.14)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FederalHomeLoanBankStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Federal Home Loan Bank (FHLB) stock represents an equity interest in a FHLB. It does not have a readily determinable fair value because its ownership is restricted and it lacks a market (liquidity).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 325<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=75031641&amp;loc=d3e63345-112809<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FederalHomeLoanBankStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MarginDepositAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash or securities placed with a broker or counterparty as security for a trading or derivatives securities position which was partially obtained with funds provided by the broker dealer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.8,17)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MarginDepositAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseRightOfUseAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's right to use underlying asset under operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121603541&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseRightOfUseAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(17))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsMiscellaneous">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of other miscellaneous assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssetsMiscellaneous</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, as of the date of each statement of financial position presented, of other assets which are owned but transferred to serve as collateral for the payment of the related debt obligation, and that are reclassified and separately reported in the statement of financial position because the transferee has the right by contract or custom to sell or re-pledge them.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66007379&amp;loc=d3e113888-111728<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.13)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(14))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAcquiredThroughForeclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of land and buildings obtained through foreclosure proceedings or defeasance in full or partial satisfaction of a debt arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=121611835&amp;loc=d3e5162-111524<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=121593590&amp;loc=d3e4437-111522<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAcquiredThroughForeclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>118
<FILENAME>R104.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774554326280">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Other Assets and Liabilities - Accrued Expenses and Other Liabilities (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract', window );"><strong>Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MarginPayable', window );">Margin payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 84,306<span></span>
</td>
<td class="nump">$ 14,728<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued interest payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">32,167<span></span>
</td>
<td class="nump">34,858<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent', window );">Accrued compensation</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">27,941<span></span>
</td>
<td class="nump">24,393<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedIncomeTaxesCurrent', window );">Accrued income taxes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">17,174<span></span>
</td>
<td class="nump">5,614<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestInLimitedPartnerships', window );">Payable to minority partner</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">16,222<span></span>
</td>
<td class="nump">16,941<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseLiability', window );">Operating lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">15,885<span></span>
</td>
<td class="nump">16,687<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableCurrent', window );">Current accounts payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">15,712<span></span>
</td>
<td class="nump">6,455<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuarantyLiabilities', window );">Guarantee obligations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9,238<span></span>
</td>
<td class="nump">10,039<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageLoanOnRealEstateRepurchaseReserve', window );">Residential loan and MSR repurchase reserve</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">8,731<span></span>
</td>
<td class="nump">8,631<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_BridgeLoanHoldback', window );">Bridge loan holdbacks</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,443<span></span>
</td>
<td class="nump">5,708<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AccruedOperatingExpenses', window );">Accrued operating expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,222<span></span>
</td>
<td class="nump">5,509<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_BusinessCombinationDeferredConsideration', window );">Deferred consideration</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">14,579<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_OtherLiabilitiesMiscellaneous', window );">Other</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7,233<span></span>
</td>
<td class="nump">15,198<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent', window );">Total Accrued Expenses and Other Liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 244,274<span></span>
</td>
<td class="nump">$ 179,340<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_AccruedOperatingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accrued Operating Expenses</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_AccruedOperatingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_BridgeLoanHoldback">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Bridge Loan Holdback</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_BridgeLoanHoldback</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_BusinessCombinationDeferredConsideration">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Business Combination, Deferred Consideration</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_BusinessCombinationDeferredConsideration</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MarginPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Margin Payable</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MarginPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MortgageLoanOnRealEstateRepurchaseReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Mortgage Loan On Real Estate, Repurchase Reserve</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MortgageLoanOnRealEstateRepurchaseReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_OtherLiabilitiesMiscellaneous">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other Liabilities, Miscellaneous</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_OtherLiabilitiesMiscellaneous</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedIncomeTaxesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(15)(b)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(15)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccruedIncomeTaxesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.15(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccruedLiabilitiesCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.15(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GuarantyLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents a non-contingent liability for the fair value of an obligation to stand ready to perform over the term of a guaranty issued in the event that specified triggering events or conditions occur.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.15)<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15)<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 460<br> -SubTopic 10<br> -Section 25<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=121555860&amp;loc=d3e11019-110243<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 460<br> -SubTopic 10<br> -Section 25<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121555860&amp;loc=d3e11049-110243<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GuarantyLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPayableCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of interest payable on debt, including, but not limited to, trade payables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.15(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestPayableCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterestInLimitedPartnerships">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount of the equity interests owned by noncontrolling partners of a limited partnership included in the entity's consolidated financial statements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MinorityInterestInLimitedPartnerships</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121603541&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>119
<FILENAME>R105.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774460647640">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Other Assets and Liabilities - REO Information (Details)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($) </div>
<div>asset </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>asset</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherRealEstateRollForward', window );"><strong>Other Real Estate [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAcquiredThroughForeclosure', window );">Balance at beginning of period&#160;</a></td>
<td class="nump">$ 8,413<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAcquisitionsThroughForeclosures', window );">Amount related to transfers into REO</a></td>
<td class="nump">14,683<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateCostOfRealEstateSold', window );">Liquidations</a></td>
<td class="num">(6,920)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalInvestmentGainsLosses', window );">Unrealized gain (loss) resulting from market valuation adjustments on REO</a></td>
<td class="num">(347)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAcquiredThroughForeclosure', window );">Balance at End of Period</a></td>
<td class="nump">$ 15,829<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfRealEstateProperties', window );">Number of REO properties recorded on balance sheet | asset</a></td>
<td class="nump">26<span></span>
</td>
<td class="nump">17<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=rwt_A5ArchesLLCMember', window );">5 Arches</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_OtherAssetsAndOtherLiabilitiesLineItems', window );"><strong>Other Assets and Other Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares', window );">Shares issued for settlement of remaining deferred consideration | shares</a></td>
<td class="nump">806,068<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities', window );">Cash payment for contingent consideration liability</a></td>
<td class="nump">$ 1,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember', window );">Legacy Sequoia</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherRealEstateRollForward', window );"><strong>Other Real Estate [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAcquiredThroughForeclosure', window );">Balance at beginning of period&#160;</a></td>
<td class="nump">638<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAcquisitionsThroughForeclosures', window );">Amount related to transfers into REO</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateCostOfRealEstateSold', window );">Liquidations</a></td>
<td class="num">(40)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalInvestmentGainsLosses', window );">Unrealized gain (loss) resulting from market valuation adjustments on REO</a></td>
<td class="num">(2)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAcquiredThroughForeclosure', window );">Balance at End of Period</a></td>
<td class="nump">$ 596<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfRealEstateProperties', window );">Number of REO properties recorded on balance sheet | asset</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTMember', window );">Freddie Mac SLST</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherRealEstateRollForward', window );"><strong>Other Real Estate [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAcquiredThroughForeclosure', window );">Balance at beginning of period&#160;</a></td>
<td class="nump">$ 646<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAcquisitionsThroughForeclosures', window );">Amount related to transfers into REO</a></td>
<td class="nump">1,276<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateCostOfRealEstateSold', window );">Liquidations</a></td>
<td class="num">(91)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalInvestmentGainsLosses', window );">Unrealized gain (loss) resulting from market valuation adjustments on REO</a></td>
<td class="nump">28<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAcquiredThroughForeclosure', window );">Balance at End of Period</a></td>
<td class="nump">$ 1,859<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfRealEstateProperties', window );">Number of REO properties recorded on balance sheet | asset</a></td>
<td class="nump">20<span></span>
</td>
<td class="nump">9<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherRealEstateRollForward', window );"><strong>Other Real Estate [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAcquiredThroughForeclosure', window );">Balance at beginning of period&#160;</a></td>
<td class="nump">$ 2,529<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAcquisitionsThroughForeclosures', window );">Amount related to transfers into REO</a></td>
<td class="nump">11,924<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateCostOfRealEstateSold', window );">Liquidations</a></td>
<td class="num">(1,909)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalInvestmentGainsLosses', window );">Unrealized gain (loss) resulting from market valuation adjustments on REO</a></td>
<td class="num">(655)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAcquiredThroughForeclosure', window );">Balance at End of Period</a></td>
<td class="nump">$ 11,889<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfRealEstateProperties', window );">Number of REO properties recorded on balance sheet | asset</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_BridgeLoanMember', window );">Bridge Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherRealEstateRollForward', window );"><strong>Other Real Estate [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAcquiredThroughForeclosure', window );">Balance at beginning of period&#160;</a></td>
<td class="nump">$ 4,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAcquisitionsThroughForeclosures', window );">Amount related to transfers into REO</a></td>
<td class="nump">1,483<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateCostOfRealEstateSold', window );">Liquidations</a></td>
<td class="num">(4,880)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalInvestmentGainsLosses', window );">Unrealized gain (loss) resulting from market valuation adjustments on REO</a></td>
<td class="nump">282<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAcquiredThroughForeclosure', window );">Balance at End of Period</a></td>
<td class="nump">$ 1,485<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfRealEstateProperties', window );">Number of REO properties recorded on balance sheet | asset</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Business Acquisition, Contingent Consideration, Equity Interest Issued, Number of Shares</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_OtherAssetsAndOtherLiabilitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other Assets and Other Liabilities [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_OtherAssetsAndOtherLiabilitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NumberOfRealEstateProperties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of real estate properties owned as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NumberOfRealEstateProperties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherRealEstateRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherRealEstateRollForward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow, not made soon after acquisition date of business combination, to settle contingent consideration liability up to amount recognized at acquisition date, including, but not limited to, measurement period adjustment and less amount paid soon after acquisition date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrincipalInvestmentGainsLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of realized and unrealized gain (loss), from the firm's direct investment activity, conducted separately from customer trading activities, and includes, but is not limited to, investments in private equity, alternative investment products, real estate, and exchanges and memberships.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.2,3)<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.13(g),(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrincipalInvestmentGainsLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAcquiredThroughForeclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of land and buildings obtained through foreclosure proceedings or defeasance in full or partial satisfaction of a debt arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=121611835&amp;loc=d3e5162-111524<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=121593590&amp;loc=d3e4437-111522<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAcquiredThroughForeclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAcquisitionsThroughForeclosures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of real estate investments acquired through foreclosure for entities with a substantial portion of business acquiring and holding investment real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28(Footnote 4))<br> -URI http://asc.fasb.org/extlink&amp;oid=120402810&amp;loc=d3e638233-123024<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAcquisitionsThroughForeclosures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateCostOfRealEstateSold">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of real estate investments sold for entities with a substantial portion of business acquiring and holding investment real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28(Footnote 4))<br> -URI http://asc.fasb.org/extlink&amp;oid=120402810&amp;loc=d3e638233-123024<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateCostOfRealEstateSold</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=rwt_A5ArchesLLCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=rwt_A5ArchesLLCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_BridgeLoanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtTypeAxis=us-gaap_BridgeLoanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>120
<FILENAME>R106.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774472032824">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Short-Term Debt - Outstanding Balances of Short-Term Debt by Type of Collateral Securing Debt (Details)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($) </div>
<div>facility</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>USD ($) </div>
<div>facility</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Outstanding Balance</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 1,253,882,000<span></span>
</td>
<td class="nump">$ 522,609,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfFacilities', window );">Number of Facilities | facility</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10<span></span>
</td>
<td class="nump">9<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Outstanding Balance</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,061,810,000<span></span>
</td>
<td class="nump">$ 314,234,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 17,381,000<span></span>
</td>
<td class="nump">$ 315,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | Residential loan warehouse</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfFacilities', window );">Number of Facilities | facility</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5<span></span>
</td>
<td class="nump">4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Outstanding Balance</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 839,224,000<span></span>
</td>
<td class="nump">$ 137,269,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Limit</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,600,000,000<span></span>
</td>
<td class="nump">$ 1,300,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtWeightedAverageInterestRate', window );">Weighted Average Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2.15%<span></span>
</td>
<td class="nump">2.45%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtInstrumentAverageMaturityTerm', window );">Weighted Average Days Until Maturity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">268 days<span></span>
</td>
<td class="text">268 days<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | Business purpose residential loan warehouse</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfFacilities', window );">Number of Facilities | facility</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Outstanding Balance</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 140,916,000<span></span>
</td>
<td class="nump">$ 99,190,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Limit</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 500,000,000<span></span>
</td>
<td class="nump">$ 500,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtWeightedAverageInterestRate', window );">Weighted Average Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3.54%<span></span>
</td>
<td class="nump">3.37%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtInstrumentAverageMaturityTerm', window );">Weighted Average Days Until Maturity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">436 days<span></span>
</td>
<td class="text">521 days<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | Real estate securities repo</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfFacilities', window );">Number of Facilities | facility</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Outstanding Balance</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 81,670,000<span></span>
</td>
<td class="nump">$ 77,775,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Limit</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtWeightedAverageInterestRate', window );">Weighted Average Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1.72%<span></span>
</td>
<td class="nump">2.24%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtInstrumentAverageMaturityTerm', window );">Weighted Average Days Until Maturity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">35 days<span></span>
</td>
<td class="text">36 days<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=rwt_ServicerAdvanceFinancingMember', window );">Servicer advance financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfFacilities', window );">Number of Facilities | facility</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Outstanding Balance</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 192,072,000<span></span>
</td>
<td class="nump">$ 208,375,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Limit</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 335,000,000<span></span>
</td>
<td class="nump">$ 335,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtWeightedAverageInterestRate', window );">Weighted Average Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1.91%<span></span>
</td>
<td class="nump">1.95%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtInstrumentAverageMaturityTerm', window );">Weighted Average Days Until Maturity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">244 days<span></span>
</td>
<td class="text">334 days<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_DebtInstrumentAverageMaturityTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Instrument Average, Maturity Term</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_DebtInstrumentAverageMaturityTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_NumberOfFacilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of Facilities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_NumberOfFacilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Restricted Cash and Other Assets Pledged as Collateral</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(b),22(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(19)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtWeightedAverageInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average interest rate of short-term debt outstanding calculated at point in time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtWeightedAverageInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_ResidentialLoanWarehouseMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_ResidentialLoanWarehouseMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_RealEstateSecuritiesRepoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_RealEstateSecuritiesRepoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtTypeAxis=rwt_ServicerAdvanceFinancingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtTypeAxis=rwt_ServicerAdvanceFinancingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>121
<FILENAME>R107.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774466499176">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Short-Term Debt - Collateral for Short-Term Debt Facilities (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ShorttermDebtPledgedasCollateral', window );">Total collateral for financing</a></td>
<td class="nump">$ 1,450,138<span></span>
</td>
<td class="nump">$ 649,106<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue', window );">Total real estate securities owned</a></td>
<td class="nump">108,784<span></span>
</td>
<td class="nump">114,553<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral', window );">Other assets</a></td>
<td class="nump">17,381<span></span>
</td>
<td class="nump">315<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ShorttermDebtPledgedasCollateral', window );">Total collateral for financing</a></td>
<td class="nump">1,217,070<span></span>
</td>
<td class="nump">398,252<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=rwt_ServicerAdvanceFinancingMember', window );">Servicer advance financing</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ShorttermDebtPledgedasCollateral', window );">Total collateral for financing</a></td>
<td class="nump">233,068<span></span>
</td>
<td class="nump">250,854<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashCollateralForBorrowedSecurities', window );">Cash</a></td>
<td class="nump">10,698<span></span>
</td>
<td class="nump">9,978<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_RestrictedCashCollateralForBorrowedSecurities', window );">Restricted cash</a></td>
<td class="nump">29,518<span></span>
</td>
<td class="nump">23,220<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ServicerAdvancesCollateral', window );">Servicer advances</a></td>
<td class="nump">192,852<span></span>
</td>
<td class="nump">217,656<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForSaleMember', window );">Held-for-sale residential loans | Facilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansPledgedAsCollateral', window );">Market value of loans pledged as collateral under short-term borrowing agreements</a></td>
<td class="nump">926,076<span></span>
</td>
<td class="nump">156,355<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_BusinessPurposeResidentialLoansMember', window );">Business purpose loans | Facilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansPledgedAsCollateral', window );">Market value of loans pledged as collateral under short-term borrowing agreements</a></td>
<td class="nump">164,829<span></span>
</td>
<td class="nump">127,029<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=rwt_RealEstateSecuritiesOnBalanceSheetMember', window );">On balance sheet | Facilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleRestricted', window );">Available-for-sale securities pledged as collateral</a></td>
<td class="nump">16,611<span></span>
</td>
<td class="nump">23,193<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CollateralAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember', window );">Sequoia Choice | Sequoia securities | Short Term Borrowing Agreement | Facilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesTradingRestricted', window );">Trading securities pledged as collateral</a></td>
<td class="nump">63,194<span></span>
</td>
<td class="nump">63,105<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CollateralAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember', window );">Freddie Mac K-Series | Sequoia securities | Short Term Borrowing Agreement | Facilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesTradingRestricted', window );">Trading securities pledged as collateral</a></td>
<td class="nump">$ 28,979<span></span>
</td>
<td class="nump">$ 28,255<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Restricted Cash and Other Assets Pledged as Collateral</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_RestrictedCashCollateralForBorrowedSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Restricted Cash Collateral For Borrowed Securities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_RestrictedCashCollateralForBorrowedSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ServicerAdvancesCollateral">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Servicer Advances Collateral</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ServicerAdvancesCollateral</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ShorttermDebtPledgedasCollateral">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Short-term Debt Pledged as Collateral</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ShorttermDebtPledgedasCollateral</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashCollateralForBorrowedSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of cash collateral held for borrowed securities, for which the cash is restricted as to withdrawal or usage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.(a),2)<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashCollateralForBorrowedSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleRestricted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of restricted investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (b)(1)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=109249958&amp;loc=SL6224234-111729<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleRestricted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesTradingRestricted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of restricted investment in debt security measured at fair value with change in fair value recognized in net income (trading).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (b)(1)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=109249958&amp;loc=SL6224234-111729<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesTradingRestricted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansPledgedAsCollateral">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66007379&amp;loc=d3e113888-111728<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=121611835&amp;loc=d3e5086-111524<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansPledgedAsCollateral</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The sum of the fair values, as of the date of each statement of financial position presented, of securities that are restricted as collateral for the payment of related debt obligations, primarily secured borrowings and repurchase agreements, and that are reclassified and separately reported in the statement of financial position because the transferee has the right by contract or custom to sell or re-pledge them.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66007379&amp;loc=d3e113888-111728<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtTypeAxis=rwt_ServicerAdvanceFinancingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtTypeAxis=rwt_ServicerAdvanceFinancingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForSaleMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForSaleMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_BusinessPurposeResidentialLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_BusinessPurposeResidentialLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_RealEstateSecuritiesOnBalanceSheetMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_RealEstateSecuritiesOnBalanceSheetMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CollateralAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CollateralAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_SequoiaSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_SequoiaSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=rwt_ShortTermBorrowingAgreementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=rwt_ShortTermBorrowingAgreementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CollateralAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CollateralAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>122
<FILENAME>R108.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774477614328">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Short-Term Debt - Additional Information (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShorttermDebtAverageOutstandingAmount', window );">Average balance of short-term debt</a></td>
<td class="nump">$ 988,000,000<span></span>
</td>
<td class="nump">$ 1,740,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrent', window );">Accrued interest payable on short-term debt</a></td>
<td class="nump">1,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity', window );">Committed line of credit</a></td>
<td class="nump">10,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue', window );">Fair value of mortgage backed securities securing loan (in excess)</a></td>
<td class="nump">2,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCredit', window );">Amount outstanding under credit facilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ServicerAdvanceFinancingMember', window );">Servicer advance financing</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrent', window );">Accrued interest payable on short-term debt</a></td>
<td class="nump">100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums', window );">Unamortized capitalized commitment costs</a></td>
<td class="nump">$ 1,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value as of the balance sheet date of financial instruments and other positions owned by the entity and pledged to counterparties as collateral, including: (1) mortgages, mortgage-backed and asset backed securities; (2) US government and agency obligations; (3) state and municipal government obligations; (4) other sovereign government debt; (5) corporate obligations; (6) corporate equities; (7) principal investments; (8) derivative contracts; and (9) physical commodities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66007379&amp;loc=d3e113888-111728<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=109249958&amp;loc=SL6224234-111729<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPayableCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=121566466&amp;loc=d3e7018-107765<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=121566466&amp;loc=d3e6935-107765<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestPayableCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCredit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LineOfCredit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(b),22(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShorttermDebtAverageOutstandingAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For the form of debt having an initial term of less than one year or less than the normal operating cycle, if longer, average borrowings during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShorttermDebtAverageOutstandingAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred fees paid by borrowers and unamortized costs incurred to originate loans and leases, unamortized loan commitments and loan syndication fees, and premiums over or discounts from face amounts of loans that are being amortized into income as an adjustment to yield. Excludes amounts for loans and leases covered under loss sharing agreements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6378536&amp;loc=d3e10092-111533<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ServicerAdvanceFinancingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ServicerAdvanceFinancingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>123
<FILENAME>R109.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774472606760">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Short-Term Debt - Remaining Maturities of Short Term Debt (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 1,253,882<span></span>
</td>
<td class="nump">$ 522,609<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis=us-gaap_MaturityUpTo30DaysMember', window );">Within 30 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">44,391<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis=us-gaap_Maturity30To90DaysMember', window );">31 to 90 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">37,279<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis=us-gaap_MaturityOver90DaysMember', window );">Over 90 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,172,212<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,061,810<span></span>
</td>
<td class="nump">314,234<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | Within 30 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">44,391<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | 31 to 90 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">37,279<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | Over 90 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">980,140<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | Held-for-sale residential loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">839,224<span></span>
</td>
<td class="nump">137,269<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | Held-for-sale residential loans | Within 30 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | Held-for-sale residential loans | 31 to 90 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | Held-for-sale residential loans | Over 90 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">839,224<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | Business purpose loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">140,916<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | Business purpose loans | Within 30 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | Business purpose loans | 31 to 90 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | Business purpose loans | Over 90 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">140,916<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">81,670<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | Real estate securities | Within 30 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">44,391<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | Real estate securities | 31 to 90 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">37,279<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities | Real estate securities | Over 90 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=rwt_ServicerAdvanceFinancingMember', window );">Servicer advance financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">192,072<span></span>
</td>
<td class="nump">$ 208,375<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=rwt_ServicerAdvanceFinancingMember', window );">Servicer advance financing | Within 30 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=rwt_ServicerAdvanceFinancingMember', window );">Servicer advance financing | 31 to 90 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=rwt_ServicerAdvanceFinancingMember', window );">Servicer advance financing | Over 90 days</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 192,072<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(19)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis=us-gaap_MaturityUpTo30DaysMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis=us-gaap_MaturityUpTo30DaysMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis=us-gaap_Maturity30To90DaysMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis=us-gaap_Maturity30To90DaysMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis=us-gaap_MaturityOver90DaysMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis=us-gaap_MaturityOver90DaysMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_ResidentialLoanWarehouseMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_ResidentialLoanWarehouseMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_BusinessPurposeResidentialLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_BusinessPurposeResidentialLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=rwt_RealEstateSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=rwt_RealEstateSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtTypeAxis=rwt_ServicerAdvanceFinancingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtTypeAxis=rwt_ServicerAdvanceFinancingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>124
<FILENAME>R110.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774462879272">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Asset-Backed Securities Issued - Components of Asset-Backed Securities Issued by Consolidated Securitization Entities Sponsored, Along With Other Selected Information (Details)<br></strong></div></th>
<th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($) </div>
<div>series</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>USD ($) </div>
<div>series</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Certificates</a></td>
<td class="nump">$ 1,451,713,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">1,438,262,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">6,671,677,000<span></span>
</td>
<td class="nump">$ 7,100,661,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Revision of Prior Period, Accounting Standards Update, Adjustment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">192,323,000<span></span>
</td>
<td class="nump">257,778,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Certificates with principal balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Certificates</a></td>
<td class="nump">6,287,553,000<span></span>
</td>
<td class="nump">6,637,905,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Interest-only certificates</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Certificates</a></td>
<td class="nump">191,801,000<span></span>
</td>
<td class="nump">204,978,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Legacy Sequoia</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">$ 271,915,000<span></span>
</td>
<td class="nump">$ 282,326,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfSeries', window );">Number of series | series</a></td>
<td class="nump">20<span></span>
</td>
<td class="nump">20<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Legacy Sequoia | Revision of Prior Period, Accounting Standards Update, Adjustment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="num">$ (38,820,000)<span></span>
</td>
<td class="num">$ (47,805,000)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Legacy Sequoia | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtWeightedAverageInterestRate', window );">Range of weighted average interest rates, by series</a></td>
<td class="nump">0.32%<span></span>
</td>
<td class="nump">0.35%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Legacy Sequoia | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtWeightedAverageInterestRate', window );">Range of weighted average interest rates, by series</a></td>
<td class="nump">1.47%<span></span>
</td>
<td class="nump">1.55%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Legacy Sequoia | Certificates with principal balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Certificates</a></td>
<td class="nump">$ 309,916,000<span></span>
</td>
<td class="nump">$ 329,039,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Legacy Sequoia | Interest-only certificates</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Certificates</a></td>
<td class="nump">819,000<span></span>
</td>
<td class="nump">1,092,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Sequoia Choice</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">$ 1,054,005,000<span></span>
</td>
<td class="nump">$ 1,347,357,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfSeries', window );">Number of series | series</a></td>
<td class="nump">10<span></span>
</td>
<td class="nump">10<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Sequoia Choice | Revision of Prior Period, Accounting Standards Update, Adjustment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">$ 27,650,000<span></span>
</td>
<td class="nump">$ 32,809,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Sequoia Choice | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtWeightedAverageInterestRate', window );">Range of weighted average interest rates, by series</a></td>
<td class="nump">2.28%<span></span>
</td>
<td class="nump">2.25%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Sequoia Choice | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtWeightedAverageInterestRate', window );">Range of weighted average interest rates, by series</a></td>
<td class="nump">5.06%<span></span>
</td>
<td class="nump">5.04%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Sequoia Choice | Certificates with principal balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Certificates</a></td>
<td class="nump">$ 1,024,081,000<span></span>
</td>
<td class="nump">$ 1,309,957,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Sequoia Choice | Interest-only certificates</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Certificates</a></td>
<td class="nump">2,274,000<span></span>
</td>
<td class="nump">4,591,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Freddie Mac SLST</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">$ 1,921,440,000<span></span>
</td>
<td class="nump">$ 1,993,919,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfSeries', window );">Number of series | series</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Debt instrument, face amount</a></td>
<td class="nump">$ 200,000,000<span></span>
</td>
<td class="nump">$ 205,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Freddie Mac SLST | Revision of Prior Period, Accounting Standards Update, Adjustment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">$ 97,670,000<span></span>
</td>
<td class="nump">$ 104,439,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Freddie Mac SLST | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtWeightedAverageInterestRate', window );">Range of weighted average interest rates, by series</a></td>
<td class="nump">3.50%<span></span>
</td>
<td class="nump">3.50%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Freddie Mac SLST | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtWeightedAverageInterestRate', window );">Range of weighted average interest rates, by series</a></td>
<td class="nump">4.75%<span></span>
</td>
<td class="nump">4.75%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Freddie Mac SLST | Certificates with principal balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Certificates</a></td>
<td class="nump">$ 1,800,808,000<span></span>
</td>
<td class="nump">$ 1,866,145,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Freddie Mac SLST | Interest-only certificates</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Certificates</a></td>
<td class="nump">22,962,000<span></span>
</td>
<td class="nump">23,335,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Freddie Mac K-Series</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">$ 460,565,000<span></span>
</td>
<td class="nump">$ 463,966,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtWeightedAverageInterestRate', window );">Range of weighted average interest rates, by series</a></td>
<td class="nump">3.41%<span></span>
</td>
<td class="nump">3.39%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfSeries', window );">Number of series | series</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Freddie Mac K-Series | Revision of Prior Period, Accounting Standards Update, Adjustment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">$ 23,846,000<span></span>
</td>
<td class="nump">$ 34,601,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Freddie Mac K-Series | Certificates with principal balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Certificates</a></td>
<td class="nump">424,393,000<span></span>
</td>
<td class="nump">416,339,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Freddie Mac K-Series | Interest-only certificates</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Certificates</a></td>
<td class="nump">12,326,000<span></span>
</td>
<td class="nump">13,026,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | CAFL</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">$ 2,963,752,000<span></span>
</td>
<td class="nump">$ 3,013,093,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_NumberOfSeries', window );">Number of series | series</a></td>
<td class="nump">14<span></span>
</td>
<td class="nump">14<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | CAFL | Revision of Prior Period, Accounting Standards Update, Adjustment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">$ 81,977,000<span></span>
</td>
<td class="nump">$ 133,734,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | CAFL | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtWeightedAverageInterestRate', window );">Range of weighted average interest rates, by series</a></td>
<td class="nump">2.63%<span></span>
</td>
<td class="nump">2.68%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | CAFL | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtWeightedAverageInterestRate', window );">Range of weighted average interest rates, by series</a></td>
<td class="nump">5.56%<span></span>
</td>
<td class="nump">5.42%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | CAFL | Certificates with principal balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Certificates</a></td>
<td class="nump">$ 2,728,355,000<span></span>
</td>
<td class="nump">$ 2,716,425,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | CAFL | Interest-only certificates</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Certificates</a></td>
<td class="nump">$ 153,420,000<span></span>
</td>
<td class="nump">$ 162,934,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_NumberOfSeries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of Series</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_NumberOfSeries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentCarryingAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=120520924&amp;loc=SL6031897-161870<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentCarryingAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFaceAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face (par) amount of debt instrument at time of issuance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=119993939&amp;loc=d3e28551-108399<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=114775985&amp;loc=d3e28878-108400<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentFaceAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtWeightedAverageInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average interest rate of debt outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtWeightedAverageInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=120520924&amp;loc=SL6031897-161870<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RestatementAxis=srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RestatementAxis=srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_CertificatesWithPrincipalValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_CertificatesWithPrincipalValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_InterestOnlyCertificatesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_InterestOnlyCertificatesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>125
<FILENAME>R111.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774469267048">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Asset-Backed Securities Issued - Additional Information (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityOwnershipPercentage', window );">VIE, ownership interest rate</a></td>
<td class="nump">80.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity, Primary Beneficiary | Freddie Mac SLST</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost', window );">ABS issued, net, Amortized cost</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 210,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Freddie Mac SLST</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Debt instrument, face amount</a></td>
<td class="nump">$ 200,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 205,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Variable Interest Entity, Primary Beneficiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityOwnershipPercentage', window );">VIE, ownership interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Debt instrument, face amount</a></td>
<td class="nump">196,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscount', window );">Unamortized debt discount</a></td>
<td class="nump">$ 4,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Debt Instrument interest rate</a></td>
<td class="nump">4.75%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Contractual maturities of over five years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LongTermMarketableSecuritiesMaturitiesTerm', window );">Contractual maturities of securities (in years)</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Instrument, Asset Backed Securities Issued, Amortized Cost</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_LongTermMarketableSecuritiesMaturitiesTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Long Term Marketable Securities Maturities Term</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_LongTermMarketableSecuritiesMaturitiesTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFaceAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face (par) amount of debt instrument at time of issuance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=119993939&amp;loc=d3e28551-108399<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=114775985&amp;loc=d3e28878-108400<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentFaceAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentInterestRateStatedPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Contractual interest rate for funds borrowed, under the debt agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentInterestRateStatedPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentUnamortizedDiscount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after accumulated amortization, of debt discount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1A<br> -URI http://asc.fasb.org/extlink&amp;oid=119993939&amp;loc=d3e28541-108399<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=114775985&amp;loc=d3e28878-108400<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentUnamortizedDiscount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityOwnershipPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of the Variable Interest Entity's (VIE) voting interest owned by (or beneficial interest in) the reporting entity (directly or indirectly).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5A<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=SL6759159-111685<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityOwnershipPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentSecondaryCategorizationAxis=rwt_MaturityOverFiveYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentSecondaryCategorizationAxis=rwt_MaturityOverFiveYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>126
<FILENAME>R112.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774469902776">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Asset-Backed Securities Issued - Accrued Interest Payable (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AmortizationOfFinancingCosts', window );">Amortization of debt issuance costs</a></td>
<td class="nump">$ 20,711<span></span>
</td>
<td class="nump">$ 21,793<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember', window );">Freddie Mac SLST</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AmortizationOfFinancingCosts', window );">Amortization of debt issuance costs</a></td>
<td class="nump">5,461<span></span>
</td>
<td class="nump">5,656<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember', window );">Freddie Mac K-Series</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AmortizationOfFinancingCosts', window );">Amortization of debt issuance costs</a></td>
<td class="nump">1,208<span></span>
</td>
<td class="nump">1,177<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember', window );">CAFL</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AmortizationOfFinancingCosts', window );">Amortization of debt issuance costs</a></td>
<td class="nump">10,256<span></span>
</td>
<td class="nump">10,122<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Legacy Sequoia</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AmortizationOfFinancingCosts', window );">Amortization of debt issuance costs</a></td>
<td class="nump">128<span></span>
</td>
<td class="nump">141<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed securities issued | Sequoia Choice</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AmortizationOfFinancingCosts', window );">Amortization of debt issuance costs</a></td>
<td class="nump">$ 3,658<span></span>
</td>
<td class="nump">$ 4,697<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AmortizationOfFinancingCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization expense attributable to debt issuance costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=119993939&amp;loc=d3e28555-108399<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AmortizationOfFinancingCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_CAFLSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=us-gaap_AssetBackedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>127
<FILENAME>R113.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774467000728">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt - Schedule of Components of Long-Term Debt (Details)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Borrowings</a></td>
<td class="nump">$ 1,451,713<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet', window );">Unamortized Deferred Issuance Costs / Discount</a></td>
<td class="num">(13,451)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">1,438,262<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Borrowings</a></td>
<td class="nump">790,292<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet', window );">Unamortized Deferred Issuance Costs / Discount</a></td>
<td class="num">(3,423)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">786,869<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=rwt_TrustPreferredSecuritiesMember', window );">Trust preferred securities and subordinated notes</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Borrowings</a></td>
<td class="nump">139,500<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet', window );">Unamortized Deferred Issuance Costs / Discount</a></td>
<td class="num">(814)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">$ 138,686<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=rwt_TrustPreferredSecuritiesMember', window );">Trust preferred securities and subordinated notes | LIBOR</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1', window );">Basis spread on variable rate</a></td>
<td class="nump">2.25%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=rwt_NonMarginableDebtRepurchaseAgreementOneMember', window );">Sequoia | Recourse Subordinate Securities Financing | Affiliated Entity</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Borrowings</a></td>
<td class="nump">$ 172,805<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet', window );">Unamortized Deferred Issuance Costs / Discount</a></td>
<td class="num">(624)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">$ 172,181<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Weighted Average Interest Rate (as a percent)</a></td>
<td class="nump">4.21%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=rwt_NonMarginableDebtRepurchaseAgreementTwoMember', window );">CAFL | Recourse Subordinate Securities Financing | Affiliated Entity</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Borrowings</a></td>
<td class="nump">$ 102,426<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet', window );">Unamortized Deferred Issuance Costs / Discount</a></td>
<td class="num">(581)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">$ 101,845<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Weighted Average Interest Rate (as a percent)</a></td>
<td class="nump">4.21%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember', window );">Non-Recourse BPL Financing, Facility A | Facilities</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Borrowings</a></td>
<td class="nump">$ 241,549<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet', window );">Unamortized Deferred Issuance Costs / Discount</a></td>
<td class="num">(1,119)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">240,430<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Limit</a></td>
<td class="nump">$ 316,543<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember', window );">Non-Recourse BPL Financing, Facility A | Facilities | LIBOR</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1', window );">Basis spread on variable rate</a></td>
<td class="nump">7.50%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember', window );">Non-Recourse BPL Financing, Facility B | Facilities</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Borrowings</a></td>
<td class="nump">$ 84,017<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet', window );">Unamortized Deferred Issuance Costs / Discount</a></td>
<td class="num">(555)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">83,462<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Limit</a></td>
<td class="nump">$ 84,017<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember', window );">Non-Recourse BPL Financing, Facility B | Facilities | LIBOR</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1', window );">Basis spread on variable rate</a></td>
<td class="nump">3.85%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member', window );">Recourse BPL Financing, Facility A | Facilities</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Borrowings</a></td>
<td class="nump">$ 75,109<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet', window );">Unamortized Deferred Issuance Costs / Discount</a></td>
<td class="num">(368)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">74,741<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Limit</a></td>
<td class="nump">$ 250,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member', window );">Recourse BPL Financing, Facility A | Facilities | LIBOR</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1', window );">Basis spread on variable rate</a></td>
<td class="nump">3.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=rwt_RecourseBusinessPurposeLoanFinancingFacilityMember', window );">Recourse BPL Financing, Facility B | Facilities</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Borrowings</a></td>
<td class="nump">$ 114,386<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet', window );">Unamortized Deferred Issuance Costs / Discount</a></td>
<td class="num">(176)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">114,210<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Limit</a></td>
<td class="nump">$ 250,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=rwt_RecourseBusinessPurposeLoanFinancingFacilityMember', window );">Recourse BPL Financing, Facility B | Facilities | LIBOR</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1', window );">Basis spread on variable rate</a></td>
<td class="nump">3.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=rwt_FHLBCBorrowingsMember', window );">FHLBC borrowings</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Borrowings</a></td>
<td class="nump">$ 1,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet', window );">Unamortized Deferred Issuance Costs / Discount</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">1,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Limit</a></td>
<td class="nump">$ 1,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Weighted Average Interest Rate (as a percent)</a></td>
<td class="nump">0.33%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=rwt_SeniorNotesDue2023Member', window );">4.75% convertible senior notes | Convertible notes</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Borrowings</a></td>
<td class="nump">$ 198,629<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet', window );">Unamortized Deferred Issuance Costs / Discount</a></td>
<td class="num">(2,610)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">$ 196,019<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Weighted Average Interest Rate (as a percent)</a></td>
<td class="nump">4.75%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=rwt_SeniorNotesDue2024Member', window );">5.625% convertible senior notes | Convertible notes</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Borrowings</a></td>
<td class="nump">$ 150,200<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet', window );">Unamortized Deferred Issuance Costs / Discount</a></td>
<td class="num">(2,634)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">$ 147,566<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Weighted Average Interest Rate (as a percent)</a></td>
<td class="nump">5.625%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=rwt_ExchangeableSeniorNotesDue2025Member', window );">5.75% exchangeable senior notes | Convertible notes</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Borrowings</a></td>
<td class="nump">$ 172,092<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet', window );">Unamortized Deferred Issuance Costs / Discount</a></td>
<td class="num">(3,970)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Net Carrying Value</a></td>
<td class="nump">$ 168,122<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Weighted Average Interest Rate (as a percent)</a></td>
<td class="nump">5.75%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage points added to the reference rate to compute the variable rate on the debt instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentBasisSpreadOnVariableRate1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentCarryingAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=120520924&amp;loc=SL6031897-161870<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentCarryingAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentInterestRateStatedPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Contractual interest rate for funds borrowed, under the debt agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentInterestRateStatedPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unamortized debt discount (premium) and debt issuance costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=120520924&amp;loc=SL6031897-161870<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=119993939&amp;loc=d3e28555-108399<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(b),22(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=120520924&amp;loc=SL6031897-161870<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=rwt_TrustPreferredSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=rwt_TrustPreferredSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=rwt_NonMarginableDebtRepurchaseAgreementOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=rwt_NonMarginableDebtRepurchaseAgreementOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_AffiliatedEntityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_AffiliatedEntityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=rwt_NonMarginableDebtRepurchaseAgreementTwoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=rwt_NonMarginableDebtRepurchaseAgreementTwoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=rwt_RecourseBusinessPurposeLoanFinancingFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=rwt_RecourseBusinessPurposeLoanFinancingFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=rwt_FHLBCBorrowingsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=rwt_FHLBCBorrowingsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=rwt_SeniorNotesDue2023Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=rwt_SeniorNotesDue2023Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=us-gaap_ConvertibleDebtMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=us-gaap_ConvertibleDebtMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=rwt_SeniorNotesDue2024Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=rwt_SeniorNotesDue2024Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=rwt_ExchangeableSeniorNotesDue2025Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=rwt_ExchangeableSeniorNotesDue2025Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>128
<FILENAME>R114.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774468989368">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Long-Term Debt - Schedule of Collateral for Long-Term Debt (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCollateralAmount', window );">Collateral amounts</a></td>
<td class="nump">$ 1,139,638<span></span>
</td>
<td class="nump">$ 1,084,929<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CollateralAxis=us-gaap_BridgeLoanMember', window );">Bridge Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCollateralAmount', window );">Collateral amounts</a></td>
<td class="nump">522,050<span></span>
</td>
<td class="nump">544,151<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CollateralAxis=us-gaap_ResidentialRealEstateMember', window );">Residential Real Estate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCollateralAmount', window );">Collateral amounts</a></td>
<td class="nump">228,125<span></span>
</td>
<td class="nump">154,774<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CollateralAxis=us-gaap_CommercialRealEstateMember', window );">Commercial Real Estate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCollateralAmount', window );">Collateral amounts</a></td>
<td class="nump">369,005<span></span>
</td>
<td class="nump">363,490<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CollateralAxis=us-gaap_CommercialRealEstateMember', window );">Commercial Real Estate | Sequoia | Affiliated Entity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCollateralAmount', window );">Collateral amounts</a></td>
<td class="nump">256,554<span></span>
</td>
<td class="nump">249,446<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CollateralAxis=us-gaap_CommercialRealEstateMember', window );">Commercial Real Estate | CAFL | Affiliated Entity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCollateralAmount', window );">Collateral amounts</a></td>
<td class="nump">112,451<span></span>
</td>
<td class="nump">114,044<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CollateralAxis=rwt_OtherBusinessPurposeLoanInvestmentsMember', window );">Other Business Purpose Loan Investments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCollateralAmount', window );">Collateral amounts</a></td>
<td class="nump">19,358<span></span>
</td>
<td class="nump">21,414<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CollateralAxis=rwt_RestrictedCashMember', window );">Restricted cash</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCollateralAmount', window );">Collateral amounts</a></td>
<td class="nump">$ 1,100<span></span>
</td>
<td class="nump">$ 1,100<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentCollateralAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of assets pledged to secure a debt instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 470<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=75038535&amp;loc=d3e64711-112823<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentCollateralAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CollateralAxis=us-gaap_BridgeLoanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CollateralAxis=us-gaap_BridgeLoanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CollateralAxis=us-gaap_ResidentialRealEstateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CollateralAxis=us-gaap_ResidentialRealEstateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CollateralAxis=us-gaap_CommercialRealEstateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CollateralAxis=us-gaap_CommercialRealEstateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=rwt_NonMarginableDebtRepurchaseAgreementOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=rwt_NonMarginableDebtRepurchaseAgreementOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_AffiliatedEntityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_AffiliatedEntityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=rwt_NonMarginableDebtRepurchaseAgreementTwoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=rwt_NonMarginableDebtRepurchaseAgreementTwoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CollateralAxis=rwt_OtherBusinessPurposeLoanInvestmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CollateralAxis=rwt_OtherBusinessPurposeLoanInvestmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CollateralAxis=rwt_RestrictedCashMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CollateralAxis=rwt_RestrictedCashMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>129
<FILENAME>R115.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774469954680">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Long-Term Debt - Schedule of Accrued Interest Payable on Long Term Debt (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_InterestPayableNoncurrent', window );">Accrued interest payable</a></td>
<td class="nump">$ 10,160<span></span>
</td>
<td class="nump">$ 12,402<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Facilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_InterestPayableNoncurrent', window );">Accrued interest payable</a></td>
<td class="nump">1,642<span></span>
</td>
<td class="nump">1,799<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=us-gaap_ConvertibleDebtMember', window );">Convertible notes | 5.75% exchangeable senior notes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_InterestPayableNoncurrent', window );">Accrued interest payable</a></td>
<td class="nump">4,948<span></span>
</td>
<td class="nump">2,474<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=us-gaap_ConvertibleDebtMember', window );">Convertible notes | 5.625% convertible senior notes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_InterestPayableNoncurrent', window );">Accrued interest payable</a></td>
<td class="nump">1,784<span></span>
</td>
<td class="nump">3,896<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=us-gaap_ConvertibleDebtMember', window );">Convertible notes | 4.75% convertible senior notes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_InterestPayableNoncurrent', window );">Accrued interest payable</a></td>
<td class="nump">1,206<span></span>
</td>
<td class="nump">3,564<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=rwt_TrustPreferredSecuritiesMember', window );">Trust preferred securities and subordinated notes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_InterestPayableNoncurrent', window );">Accrued interest payable</a></td>
<td class="nump">$ 580<span></span>
</td>
<td class="nump">$ 669<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_InterestPayableNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest Payable, Noncurrent</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_InterestPayableNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=us-gaap_ConvertibleDebtMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=us-gaap_ConvertibleDebtMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=rwt_ExchangeableSeniorNotesDue2025Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=rwt_ExchangeableSeniorNotesDue2025Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=rwt_SeniorNotesDue2024Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=rwt_SeniorNotesDue2024Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=rwt_SeniorNotesDue2023Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=rwt_SeniorNotesDue2023Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=rwt_TrustPreferredSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=rwt_TrustPreferredSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>130
<FILENAME>R116.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774475501112">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Commitments and Contingencies - Additional Information (Details)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($) </div>
<div>loan </div>
<div>lease </div>
<div>repurchase_request</div>
</th>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>USD ($) </div>
<div>loan </div>
<div>repurchase_request</div>
</th>
<th class="th">
<div>Dec. 31, 2018 </div>
<div>partnership</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingenciesLineItems', window );"><strong>Loss Contingencies [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LesseeNumberOfLeases', window );">Lessee, number of leases | lease</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue', window );">Present value of remaining lease payments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 18,954<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseCost', window );">Operating lease expense</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,000<span></span>
</td>
<td class="nump">$ 1,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseLiability', window );">Operating lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 15,885<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 16,687<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList', window );">Operating lease liability, statement of financial position [Extensible List]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseRightOfUseAsset', window );">Operating lease right-of-use assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 14,227<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15,012<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList', window );">Operating lease right-of-use asset, statement of financial position [Extensible List]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Other assets<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1', window );">Weighted average remaining lease term</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">7 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent', window );">Discount rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 73,178<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16,072<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_CommitmentToFundPartnershipNumberOfPartnerships', window );">Number of partnerships, committed to fund | partnership</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FeeIncomeRiskSharingAgreement', window );">Other income related to risk sharing agreement</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">882<span></span>
</td>
<td class="nump">$ 765<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuarantyLiabilities', window );">Guarantee obligations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9,238<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,039<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_GuaranteeObligationCreditReserve', window );">Guarantee obligations, credit reserve</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SpecialPurposeEntitiesAssets', window );">Special purpose entities assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">46,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">46,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SpecialPurposeEntitiesLiabilities', window );">Special purpose entities liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageLoanOnRealEstateRepurchaseReserve', window );">Residential repurchase reserve</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 8,731<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,631<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageLoansOnRealEstateRepurchaseRequests', window );">Number of residential repurchase requests (in repurchase requests) | repurchase_request</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased', window );">Number of loans repurchased | loan</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageLoansOnRealEstateRepurchaseProvision', window );">Residential loans repurchase provision (reversal)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 100<span></span>
</td>
<td class="num">$ (200)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LitigationReserve', window );">Aggregate amount of loss contingency reserves</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_LitigationCaseAxis=rwt_ResidentialLoanSellerDemandsMember', window );">Residential Loan Seller Demands</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingenciesLineItems', window );"><strong>Loss Contingencies [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyAccrualAtCarryingValue', window );">Aggregate amount of accrual</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansAtFairValueMember', window );">Residential Loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingenciesLineItems', window );"><strong>Loss Contingencies [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized', window );">Loan principal</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">990,841<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">172,748<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember', window );">Financing Receivables, Equal to Greater than 90 Days Past Due | Residential Loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingenciesLineItems', window );"><strong>Loss Contingencies [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentPastDue', window );">Unpaid principal balance of loans with 90+ day delinquencies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,882<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,882<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=us-gaap_OtherIncomeMember', window );">Other income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingenciesLineItems', window );"><strong>Loss Contingencies [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FeeIncomeRiskSharingAgreement', window );">Other income related to risk sharing agreement</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,000<span></span>
</td>
<td class="nump">1,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=rwt_MortgageBankingAndInvestmentActivitiesMember', window );">Mortgage banking and investment activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingenciesLineItems', window );"><strong>Loss Contingencies [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MarketValuationChangesInFairValueOfGuaranteeAsset', window );">Market valuation losses related to these investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(100)<span></span>
</td>
<td class="num">$ (500)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingenciesByNatureOfContingencyAxis=us-gaap_GuaranteeObligationsMember', window );">Guarantee Obligations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingenciesLineItems', window );"><strong>Loss Contingencies [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance', window );">Original unpaid balance of loans subject to risk sharing agreements</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3,190,000<span></span>
</td>
<td class="nump">$ 3,190,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_PotentialFuturePayments', window );">Potential future payments on loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">44,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized', window );">Loan principal</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 806,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableCreditScoreFICOWeightedAverage', window );">Weighted average original FICO score</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">757<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FinancingReceivableLoanToValueRatio', window );">Weighted average original loan-to-value (LTV)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">75.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingenciesByNatureOfContingencyAxis=us-gaap_GuaranteeObligationsMember', window );">Guarantee Obligations | Residential Loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingenciesLineItems', window );"><strong>Loss Contingencies [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure', window );">Unpaid principal balance of loans in foreclosure</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingenciesByNatureOfContingencyAxis=us-gaap_GuaranteeObligationsMember', window );">Guarantee Obligations | Financing Receivables, Equal to Greater than 90 Days Past Due</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingenciesLineItems', window );"><strong>Loss Contingencies [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivableRecordedInvestmentPastDue', window );">Unpaid principal balance of loans with 90+ day delinquencies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">33,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherCommitmentsAxis=rwt_CommitmentToFundResidentialBridgeLoanMember', window );">Commitment To Fund Residential Bridge Loan</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingenciesLineItems', window );"><strong>Loss Contingencies [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherCommitment', window );">Commitments to fund temporary advances</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">283,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(2,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherCommitmentsAxis=rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember', window );">Commitment To Fund Temporary Advances On Residential Bridge Loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingenciesLineItems', window );"><strong>Loss Contingencies [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherCommitment', window );">Commitments to fund temporary advances</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 2,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="7"></td></tr>
<tr><td colspan="7"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_CommitmentToFundPartnershipNumberOfPartnerships">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commitment To Fund Partnership, Number Of Partnerships</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_CommitmentToFundPartnershipNumberOfPartnerships</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair Value, Option, Loans Held As Assets, Aggregate Amount In Foreclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FeeIncomeRiskSharingAgreement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fee Income, Risk Sharing Agreement</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FeeIncomeRiskSharingAgreement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FinancingReceivableCreditScoreFICOWeightedAverage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average FICO score for borrowers at the time loans were originated.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FinancingReceivableCreditScoreFICOWeightedAverage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:pureItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FinancingReceivableLoanToValueRatio">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing Receivable, Loan To Value Ratio</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FinancingReceivableLoanToValueRatio</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_GuaranteeObligationCreditReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Guarantee Obligation, Credit Reserve</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_GuaranteeObligationCreditReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_LesseeNumberOfLeases">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Lessee, Number Of Leases</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_LesseeNumberOfLeases</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MarketValuationChangesInFairValueOfGuaranteeAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Market Valuation Changes In Fair Value Of Guarantee Asset</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MarketValuationChangesInFairValueOfGuaranteeAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MortgageLoanOnRealEstateRepurchaseReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Mortgage Loan On Real Estate, Repurchase Reserve</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MortgageLoanOnRealEstateRepurchaseReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Mortgage Loans On Real Estate, Number Of Loans Repurchased</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MortgageLoansOnRealEstateRepurchaseProvision">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Mortgage Loans On Real Estate, Repurchase Provision</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MortgageLoansOnRealEstateRepurchaseProvision</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MortgageLoansOnRealEstateRepurchaseRequests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Mortgage Loans On Real Estate, Repurchase Requests</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MortgageLoansOnRealEstateRepurchaseRequests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_PotentialFuturePayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Potential Future Payments</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_PotentialFuturePayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement, Original Principal Balance</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_SpecialPurposeEntitiesAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Special Purpose Entities, Assets</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_SpecialPurposeEntitiesAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_SpecialPurposeEntitiesLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Special Purpose Entities, Liabilities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_SpecialPurposeEntitiesLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121572278&amp;loc=d3e13433-108611<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226008-175313<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentPastDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of financing receivable past due.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 55<br> -Paragraph 80<br> -URI http://asc.fasb.org/extlink&amp;oid=121647567&amp;loc=SL82922355-210448<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 14<br> -URI http://asc.fasb.org/extlink&amp;oid=121599337&amp;loc=SL82919253-210447<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7A<br> -URI http://asc.fasb.org/extlink&amp;oid=121611835&amp;loc=SL6953401-111524<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentPastDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GuarantyLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents a non-contingent liability for the fair value of an obligation to stand ready to perform over the term of a guaranty issued in the event that specified triggering events or conditions occur.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.15)<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15)<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 460<br> -SubTopic 10<br> -Section 25<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=121555860&amp;loc=d3e11019-110243<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 460<br> -SubTopic 10<br> -Section 25<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121555860&amp;loc=d3e11049-110243<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GuarantyLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=121609121&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LitigationReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate carrying amount of the estimated litigation liability for known or estimated probable loss from litigation, which may include attorneys' fees and other litigation costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=121557415&amp;loc=d3e14326-108349<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.25)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LitigationReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingenciesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingenciesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyAccrualAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of loss contingency liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=121557415&amp;loc=d3e14326-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyAccrualAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=121568110&amp;loc=SL77918982-209971<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121609121&amp;loc=SL77918686-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121603541&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicates line item in statement of financial position that includes operating lease liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121603541&amp;loc=SL77918631-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>srt-types:extensibleListItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseRightOfUseAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's right to use underlying asset under operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121603541&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseRightOfUseAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicates line item in statement of financial position that includes operating lease right-of-use asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121603541&amp;loc=SL77918631-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>srt-types:extensibleListItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average discount rate for operating lease calculated at point in time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(4)<br> -URI http://asc.fasb.org/extlink&amp;oid=121609121&amp;loc=SL77918686-209980<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=121568110&amp;loc=SL77918982-209971<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=121568110&amp;loc=SL77918982-209971<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=121609121&amp;loc=SL77918686-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherCommitment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Minimum amount of other commitment not otherwise specified in the taxonomy. Excludes commitments explicitly modeled in the taxonomy, including but not limited to, long-term and short-term purchase commitments, recorded and unrecorded purchase obligations, supply commitments, registration payment arrangements, leases, debt, product warranties, guarantees, environmental remediation obligations, and pensions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherCommitment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is the sum of principal amount outstanding for both securitized and unsecuritized loans of all types.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121570589&amp;loc=d3e107314-111719<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_LitigationCaseAxis=rwt_ResidentialLoanSellerDemandsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_LitigationCaseAxis=rwt_ResidentialLoanSellerDemandsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeStatementLocationAxis=us-gaap_OtherIncomeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeStatementLocationAxis=us-gaap_OtherIncomeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeStatementLocationAxis=rwt_MortgageBankingAndInvestmentActivitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeStatementLocationAxis=rwt_MortgageBankingAndInvestmentActivitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingenciesByNatureOfContingencyAxis=us-gaap_GuaranteeObligationsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingenciesByNatureOfContingencyAxis=us-gaap_GuaranteeObligationsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherCommitmentsAxis=rwt_CommitmentToFundResidentialBridgeLoanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherCommitmentsAxis=rwt_CommitmentToFundResidentialBridgeLoanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherCommitmentsAxis=rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherCommitmentsAxis=rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>131
<FILENAME>R117.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774477541128">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Commitments and Contingencies - Future Lease Commitments (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract', window );"><strong>Commitments and Contingencies Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear', window );">2021 (9 months)</a></td>
<td class="nump">$ 2,498<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths', window );">2022</a></td>
<td class="nump">3,301<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo', window );">2023</a></td>
<td class="nump">2,813<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree', window );">2024</a></td>
<td class="nump">2,231<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour', window );">2025</a></td>
<td class="nump">1,983<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive', window );">2026 and thereafter</a></td>
<td class="nump">6,128<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue', window );">Total Lease Commitments</a></td>
<td class="nump">18,954<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount', window );">Less: Imputed interest</a></td>
<td class="num">(3,069)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseLiability', window );">Operating lease liabilities</a></td>
<td class="nump">$ 15,885<span></span>
</td>
<td class="nump">$ 16,687<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingenciesDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=121609121&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=121609121&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=121609121&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=121609121&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=121609121&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=121609121&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for operating lease having initial or remaining lease term in excess of one year to be paid in remainder of current fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=121609121&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=121609121&amp;loc=SL77918701-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121603541&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>132
<FILENAME>R118.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774468507944">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity - Changes to Accumulated Other Comprehensive Income (Loss) by Component (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract', window );"><strong>Accumulated Other Comprehensive Income (Loss) [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at beginning of period</a></td>
<td class="nump">$ 1,110,899<span></span>
</td>
<td class="nump">$ 1,827,231<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Total other comprehensive income (loss)</a></td>
<td class="nump">9,209<span></span>
</td>
<td class="num">(127,044)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at End of Period</a></td>
<td class="nump">1,215,575<span></span>
</td>
<td class="nump">725,202<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember', window );">Available-for-Sale Securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract', window );"><strong>Accumulated Other Comprehensive Income (Loss) [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at beginning of period</a></td>
<td class="nump">76,336<span></span>
</td>
<td class="nump">92,452<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax', window );">Other comprehensive income (loss) before reclassifications</a></td>
<td class="nump">10,986<span></span>
</td>
<td class="num">(80,519)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax', window );">Amounts reclassified from other accumulated comprehensive income (loss)</a></td>
<td class="num">(2,795)<span></span>
</td>
<td class="num">(13,798)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Total other comprehensive income (loss)</a></td>
<td class="nump">8,191<span></span>
</td>
<td class="num">(94,317)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at End of Period</a></td>
<td class="nump">84,527<span></span>
</td>
<td class="num">(1,865)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember', window );">Interest Rate Agreements Accounted for as Cash Flow Hedges</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract', window );"><strong>Accumulated Other Comprehensive Income (Loss) [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at beginning of period</a></td>
<td class="num">(80,557)<span></span>
</td>
<td class="num">(50,939)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax', window );">Other comprehensive income (loss) before reclassifications</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(32,806)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax', window );">Amounts reclassified from other accumulated comprehensive income (loss)</a></td>
<td class="nump">1,018<span></span>
</td>
<td class="nump">79<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Total other comprehensive income (loss)</a></td>
<td class="nump">1,018<span></span>
</td>
<td class="num">(32,727)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at End of Period</a></td>
<td class="num">$ (79,539)<span></span>
</td>
<td class="num">$ (83,666)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax, before reclassification adjustments of other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 17<br> -URI http://asc.fasb.org/extlink&amp;oid=118261656&amp;loc=d3e32136-110900<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450520&amp;loc=d3e32583-110901<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669686-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 55<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=121640130&amp;loc=d3e1436-108581<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 20<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118261656&amp;loc=d3e32211-110900<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax and reclassification adjustments of other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 17<br> -URI http://asc.fasb.org/extlink&amp;oid=118261656&amp;loc=d3e32136-110900<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 55<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=121640130&amp;loc=d3e1436-108581<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=118261656&amp;loc=d3e32211-110900<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450520&amp;loc=d3e32583-110901<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669625-108580<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of reclassification adjustments of other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 17B<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL34724394-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 17<br> -URI http://asc.fasb.org/extlink&amp;oid=118261656&amp;loc=d3e32136-110900<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 20<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=118261656&amp;loc=d3e32211-110900<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450520&amp;loc=d3e32583-110901<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669686-108580<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 55<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=121640130&amp;loc=d3e1436-108581<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>133
<FILENAME>R119.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774560690072">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity - Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems', window );"><strong>Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="nump">$ 45,087<span></span>
</td>
<td class="num">$ (870,832)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealizedInvestmentGainsLosses', window );">Realized gains, net</a></td>
<td class="num">(2,716)<span></span>
</td>
<td class="num">(3,852)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="nump">102,552<span></span>
</td>
<td class="nump">146,671<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments', window );">Net income before provision for income taxes</a></td>
<td class="nump">108,800<span></span>
</td>
<td class="num">(965,627)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember', window );">Reclassification out of Accumulated Other Comprehensive Income | Available-for-Sale Securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems', window );"><strong>Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="num">(374)<span></span>
</td>
<td class="nump">1,525<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealizedInvestmentGainsLosses', window );">Realized gains, net</a></td>
<td class="num">(2,421)<span></span>
</td>
<td class="num">(15,323)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments', window );">Net income before provision for income taxes</a></td>
<td class="num">(2,795)<span></span>
</td>
<td class="num">(13,798)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember', window );">Reclassification out of Accumulated Other Comprehensive Income | Interest Rate Agreements Accounted for as Cash Flow Hedges</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems', window );"><strong>Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="nump">1,018<span></span>
</td>
<td class="nump">79<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments', window );">Net income before provision for income taxes</a></td>
<td class="nump">$ 1,018<span></span>
</td>
<td class="nump">$ 79<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 31<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8924-108599<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h)(1)(i))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=119993939&amp;loc=d3e28555-108399<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (210.5-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealizedInvestmentGainsLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of realized gain (loss) on investment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.3(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealizedInvestmentGainsLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrealizedGainLossOnInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unrealized gain (loss) on investment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrealizedGainLossOnInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>134
<FILENAME>R120.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774463029848">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity - Additional Information (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Feb. 28, 2018</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareRepurchaseProgramAxis=rwt_ShareRepurchaseProgramFebruary2018Member', window );">Share Repurchase Plan, February 2018</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_StockholdersEquityNoteLineItems', window );"><strong>Stockholders Equity Note [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchaseProgramAuthorizedAmount1', window );">Common stock authorized to repurchase by Board</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 100,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedDuringPeriodShares', window );">Common stock repurchased (in shares)</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1', window );">Available authorization remaining for repurchase</a></td>
<td class="nump">$ 78,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_ConvertibleDebtSecuritiesMember', window );">Convertible Debt Securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_StockholdersEquityNoteLineItems', window );"><strong>Stockholders Equity Note [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount', window );">Securities excluded in the calculation of diluted earnings per share (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">35,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_StockCompensationPlanMember', window );">Equity awards</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_StockholdersEquityNoteLineItems', window );"><strong>Stockholders Equity Note [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount', window );">Securities excluded in the calculation of diluted earnings per share (in shares)</a></td>
<td class="nump">15,460<span></span>
</td>
<td class="nump">21,249<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=rwt_AtTheMarketOfferingsMember', window );">At The Market Offerings | Common Stock</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_StockholdersEquityNoteLineItems', window );"><strong>Stockholders Equity Note [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_StockIssuanceProgramAuthorizedAmount', window );">Stock issuance program, authorized amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 175,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount', window );">Remaining capacity</a></td>
<td class="nump">$ 110,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesNewIssues', window );">Issuance of common stock (in shares)</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember', window );">Common Stock</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_StockholdersEquityNoteLineItems', window );"><strong>Stockholders Equity Note [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesNewIssues', window );">Issuance of common stock (in shares)</a></td>
<td class="nump">806,068<span></span>
</td>
<td class="nump">350,088<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan', window );">Direct stock purchase and dividend reinvestment plan (in shares)</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_StockIssuanceProgramAuthorizedAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Stock Issuance Program, Authorized Amount</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_StockIssuanceProgramAuthorizedAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Stock Issuance Program, Remaining Authorized Issuance Amount</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Stock Issued During Period, Shares, Dividend Reinvestment and Stock Purchase Plan</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_StockholdersEquityNoteLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Stockholders Equity Note [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_StockholdersEquityNoteLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesNewIssues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of new stock issued during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=120397183&amp;loc=d3e187085-122770<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesNewIssues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchaseProgramAuthorizedAmount1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of stock repurchase plan authorized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchaseProgramAuthorizedAmount1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount remaining of a stock repurchase plan authorized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchasedDuringPeriodShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=120397183&amp;loc=d3e187085-122770<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchasedDuringPeriodShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareRepurchaseProgramAxis=rwt_ShareRepurchaseProgramFebruary2018Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareRepurchaseProgramAxis=rwt_ShareRepurchaseProgramFebruary2018Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_ConvertibleDebtSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_ConvertibleDebtSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_StockCompensationPlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_StockCompensationPlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PlanNameAxis=rwt_AtTheMarketOfferingsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PlanNameAxis=rwt_AtTheMarketOfferingsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>135
<FILENAME>R121.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774554402344">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity - Basic and Diluted Earnings Per Common Share (Details) - USD ($)<br> $ / shares in Units, $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAbstract', window );"><strong>Basic Earnings (Loss) per Common Share:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss) attributable to Redwood</a></td>
<td class="nump">$ 97,257<span></span>
</td>
<td class="num">$ (943,398)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic', window );">Less: Dividends and undistributed earnings allocated to participating securities</a></td>
<td class="num">(3,294)<span></span>
</td>
<td class="num">(1,209)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic', window );">Net income (loss) allocated to common shareholders</a></td>
<td class="nump">$ 93,963<span></span>
</td>
<td class="num">$ (944,607)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Basic weighted average common shares outstanding (in shares)</a></td>
<td class="nump">112,276,842<span></span>
</td>
<td class="nump">114,076,568<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Basic Earnings (Loss) per Common Share (in dollars per share)</a></td>
<td class="nump">$ 0.84<span></span>
</td>
<td class="num">$ (8.28)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDilutedAbstract', window );"><strong>Diluted Earnings (Loss) per Common Share:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss) attributable to Redwood</a></td>
<td class="nump">$ 97,257<span></span>
</td>
<td class="num">$ (943,398)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted', window );">Less: Dividends and undistributed earnings allocated to participating securities</a></td>
<td class="num">(2,951)<span></span>
</td>
<td class="num">(1,209)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax', window );">Add back: Interest expense on convertible notes for the period, net of tax</a></td>
<td class="nump">7,007<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted', window );">Net income (loss) allocated to common shareholders</a></td>
<td class="nump">$ 101,313<span></span>
</td>
<td class="num">$ (944,607)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted', window );">Weighted average common shares outstanding (in shares)</a></td>
<td class="nump">112,276,842<span></span>
</td>
<td class="nump">114,076,568<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment', window );">Net effect of dilutive equity awards (in shares)</a></td>
<td class="nump">195,568<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities', window );">Net effect of assumed convertible notes conversion to common shares (in shares)</a></td>
<td class="nump">28,566,875<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Diluted weighted average common shares outstanding (in shares)</a></td>
<td class="nump">141,039,285<span></span>
</td>
<td class="nump">114,076,568<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Diluted Earnings (Loss) per Common Share (in dollars per share)</a></td>
<td class="nump">$ 0.72<span></span>
</td>
<td class="num">$ (8.28)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest and Gain (Loss) on Extinguishment of Convertible Debt, Net of Tax</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22583-107794<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1448-109256<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22595-107794<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1337-109256<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 52<br> -URI http://asc.fasb.org/extlink&amp;oid=120380238&amp;loc=d3e4984-109258<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=120380238&amp;loc=d3e3842-109258<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22644-107794<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1252-109256<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=SL5780133-109256<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(27))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasicAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasicAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 52<br> -URI http://asc.fasb.org/extlink&amp;oid=120380238&amp;loc=d3e4984-109258<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22644-107794<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=120380238&amp;loc=d3e3842-109258<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1252-109256<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22595-107794<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22583-107794<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=SL5780133-109256<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(27))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1337-109256<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDilutedAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDilutedAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible debt securities using the if-converted method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 40<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1930-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 42<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e2029-109256<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669619-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 31<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8924-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=109222650&amp;loc=SL51721683-107760<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22595-107794<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669625-108580<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22499-107794<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22663-107794<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22583-107794<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=SL5780133-109256<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22658-107794<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22595-107794<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1448-109256<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1377-109256<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=SL5780133-109256<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 10: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 31<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8924-108599<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22583-107794<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=SL5780133-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1505-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of earnings (loss) distributed and earnings (loss) allocated to participating securities for the basic earnings (loss) per share or per unit calculation under the two-class method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=SL5780133-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e2740-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of earnings (loss) distributed and earnings (loss) allocated to participating securities for the diluted earnings (loss) per share or per unit calculation under the two-class method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=SL5780133-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1505-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=d3e1448-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>136
<FILENAME>R122.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774466433448">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity Compensation Plans - Additional Information (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized compensation cost</a></td>
<td class="nump">$ 28,905<span></span>
</td>
<td class="nump">$ 27,664<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1', window );">Weighted average amortization period remaining for equity awards</a></td>
<td class="text">1 year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized', window );">Shares of common stock to be purchased in aggregate for all employees (in shares)</a></td>
<td class="nump">600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee', window );">Number of shares purchased by employees (in shares)</a></td>
<td class="nump">505,346<span></span>
</td>
<td class="nump">489,886<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember', window );">Restricted Stock Awards</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber', window );">Unvested outstanding stock awards (in shares)</a></td>
<td class="nump">30,119<span></span>
</td>
<td class="nump">78,998<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod', window );">Number of stock awards granted (in shares)</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod', window );">Number of stock awards vested (in shares)</a></td>
<td class="nump">48,879<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod', window );">Number of stock awards forfeited (in shares)</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember', window );">Restricted Stock Units</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber', window );">Unvested outstanding stock awards (in shares)</a></td>
<td class="nump">458,554<span></span>
</td>
<td class="nump">282,424<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod', window );">Number of stock awards granted (in shares)</a></td>
<td class="nump">272,261<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod', window );">Number of stock awards vested (in shares)</a></td>
<td class="nump">58,899<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod', window );">Number of stock awards forfeited (in shares)</a></td>
<td class="nump">37,232<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=rwt_DeferredStockUnitsMember', window );">Deferred Stock Units</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber', window );">Unvested outstanding stock awards (in shares)</a></td>
<td class="nump">2,963,453<span></span>
</td>
<td class="nump">2,805,144<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod', window );">Number of stock awards granted (in shares)</a></td>
<td class="nump">312,045<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod', window );">Number of stock awards vested (in shares)</a></td>
<td class="nump">1,248,084<span></span>
</td>
<td class="nump">1,206,125<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod', window );">Number of stock awards forfeited (in shares)</a></td>
<td class="nump">31,161<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod', window );">Stock units distributed (in shares)</a></td>
<td class="nump">122,575<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_PerformanceSharesMember', window );">Performance Stock Units</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber', window );">Unvested outstanding stock awards (in shares)</a></td>
<td class="nump">978,735<span></span>
</td>
<td class="nump">978,735<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod', window );">Number of stock awards forfeited (in shares)</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1', window );">Share-based compensation, vesting period (in years)</a></td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=rwt_RedwoodIncentivePlanMember', window );">Redwood Incentive Plan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant', window );">Common stock available for grant (in shares)</a></td>
<td class="nump">7,540,310<span></span>
</td>
<td class="nump">7,957,891<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=rwt_RedwoodIncentivePlanMember', window );">Redwood Incentive Plan | Restricted Stock Awards</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized compensation cost</a></td>
<td class="nump">$ 395<span></span>
</td>
<td class="nump">$ 564<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=rwt_RedwoodIncentivePlanMember', window );">Redwood Incentive Plan | Restricted Stock Units</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized compensation cost</a></td>
<td class="nump">5,012<span></span>
</td>
<td class="nump">3,540<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=rwt_RedwoodIncentivePlanMember', window );">Redwood Incentive Plan | Deferred Stock Units</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized compensation cost</a></td>
<td class="nump">18,096<span></span>
</td>
<td class="nump">17,766<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=rwt_RedwoodIncentivePlanMember', window );">Redwood Incentive Plan | Performance Stock Units</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized compensation cost</a></td>
<td class="nump">$ 5,208<span></span>
</td>
<td class="nump">$ 5,794<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maximum amount of shares of common stock permitted to be purchased for all employees under the Employee Stock Purchase Plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of shares of common stock purchased by employees under the Employee Stock Purchase Plan in the current period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Distributed in Period</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cost not yet recognized for nonvested award under share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (i)<br> -URI http://asc.fasb.org/extlink&amp;oid=120381028&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted-average period over which cost not yet recognized is expected to be recognized for award under share-based payment arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (i)<br> -URI http://asc.fasb.org/extlink&amp;oid=120381028&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period over which grantee's right to exercise award under share-based payment arrangement is no longer contingent on satisfaction of service or performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, combination of market, performance or service condition.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=120381028&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=120381028&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)(iii)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=120381028&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)(i)-(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=120381028&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)(iii)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=120381028&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=120381028&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=rwt_DeferredStockUnitsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=rwt_DeferredStockUnitsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=us-gaap_PerformanceSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=us-gaap_PerformanceSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PlanNameAxis=rwt_RedwoodIncentivePlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PlanNameAxis=rwt_RedwoodIncentivePlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>137
<FILENAME>R123.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774469134632">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity Compensation Plans - Unrecognized Compensation Cost (Details)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th">
<div>Mar. 31, 2021 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward', window );"><strong>Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized compensation cost at beginning of period</a></td>
<td class="nump">$ 27,664<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount', window );">Equity grants</a></td>
<td class="nump">5,270<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures', window );">Equity grant forfeitures</a></td>
<td class="num">(1,143)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring', window );">Equity compensation expense</a></td>
<td class="num">(2,886)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized Compensation Cost at End of Period</a></td>
<td class="nump">28,905<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=rwt_RedwoodIncentivePlanMember', window );">Redwood Incentive Plan | Restricted Stock Awards</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward', window );"><strong>Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized compensation cost at beginning of period</a></td>
<td class="nump">564<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount', window );">Equity grants</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures', window );">Equity grant forfeitures</a></td>
<td class="num">(2)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring', window );">Equity compensation expense</a></td>
<td class="num">(167)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized Compensation Cost at End of Period</a></td>
<td class="nump">395<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=rwt_RedwoodIncentivePlanMember', window );">Redwood Incentive Plan | Restricted Stock Units</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward', window );"><strong>Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized compensation cost at beginning of period</a></td>
<td class="nump">3,540<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount', window );">Equity grants</a></td>
<td class="nump">2,370<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures', window );">Equity grant forfeitures</a></td>
<td class="num">(591)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring', window );">Equity compensation expense</a></td>
<td class="num">(307)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized Compensation Cost at End of Period</a></td>
<td class="nump">5,012<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=rwt_RedwoodIncentivePlanMember', window );">Redwood Incentive Plan | Deferred Stock Units</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward', window );"><strong>Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized compensation cost at beginning of period</a></td>
<td class="nump">17,766<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount', window );">Equity grants</a></td>
<td class="nump">2,641<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures', window );">Equity grant forfeitures</a></td>
<td class="num">(550)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring', window );">Equity compensation expense</a></td>
<td class="num">(1,761)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized Compensation Cost at End of Period</a></td>
<td class="nump">18,096<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=rwt_RedwoodIncentivePlanMember', window );">Redwood Incentive Plan | Performance Stock Units</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward', window );"><strong>Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized compensation cost at beginning of period</a></td>
<td class="nump">5,794<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount', window );">Equity grants</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures', window );">Equity grant forfeitures</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring', window );">Equity compensation expense</a></td>
<td class="num">(586)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized Compensation Cost at End of Period</a></td>
<td class="nump">5,208<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=rwt_EmployeeStockPurchasePlanMember', window );">Employee Stock Purchase Plan</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward', window );"><strong>Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized compensation cost at beginning of period</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount', window );">Equity grants</a></td>
<td class="nump">259<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures', window );">Equity grant forfeitures</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring', window );">Equity compensation expense</a></td>
<td class="num">(65)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized Compensation Cost at End of Period</a></td>
<td class="nump">$ 194<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Allocated Share-based Compensation Expense, Including Restructuring</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Roll Forward]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of equity grant forfeitures during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cost capitalized for award under share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (h)(1)(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=120381028&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cost not yet recognized for nonvested award under share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (i)<br> -URI http://asc.fasb.org/extlink&amp;oid=120381028&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PlanNameAxis=rwt_RedwoodIncentivePlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PlanNameAxis=rwt_RedwoodIncentivePlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=rwt_DeferredStockUnitsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=rwt_DeferredStockUnitsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=us-gaap_PerformanceSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=us-gaap_PerformanceSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PlanNameAxis=rwt_EmployeeStockPurchasePlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PlanNameAxis=rwt_EmployeeStockPurchasePlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>138
<FILENAME>R124.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774469239000">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Mortgage Banking Activities, Net - Components of Mortgage Banking Activities (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other income, net</a></td>
<td class="nump">$ 3,843<span></span>
</td>
<td class="nump">$ 2,928<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageBankingActivitiesNet', window );">Mortgage banking activities, net</a></td>
<td class="nump">82,607<span></span>
</td>
<td class="num">(28,902)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_ResidentialMortgageBankingActivitiesMember', window );">Residential Mortgage Banking Activities, Net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other income, net</a></td>
<td class="nump">1,023<span></span>
</td>
<td class="nump">258<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageBankingActivitiesNet', window );">Mortgage banking activities, net</a></td>
<td class="nump">61,435<span></span>
</td>
<td class="num">(23,081)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_ResidentialMortgageBankingActivitiesMember', window );">Residential Mortgage Banking Activities, Net | Residential loans, at fair value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="num">(29,273)<span></span>
</td>
<td class="nump">7,955<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_ResidentialMortgageBankingActivitiesMember', window );">Residential Mortgage Banking Activities, Net | Trading securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">721<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_ResidentialMortgageBankingActivitiesMember', window );">Residential Mortgage Banking Activities, Net | Risk management derivatives</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1', window );">Risk management derivatives</a></td>
<td class="nump">88,964<span></span>
</td>
<td class="num">(31,294)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_BusinessPurposeMortgageBankingActivitiesMember', window );">Business Purpose Mortgage Banking Activities, Net:</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">1,044<span></span>
</td>
<td class="num">(3,934)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other income, net</a></td>
<td class="nump">6,022<span></span>
</td>
<td class="nump">7,843<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageBankingActivitiesNet', window );">Mortgage banking activities, net</a></td>
<td class="nump">21,172<span></span>
</td>
<td class="num">(5,821)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_BusinessPurposeMortgageBankingActivitiesMember', window );">Business Purpose Mortgage Banking Activities, Net: | Risk management derivatives</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1', window );">Risk management derivatives</a></td>
<td class="nump">3,858<span></span>
</td>
<td class="num">(21,538)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=rwt_BusinessPurposeMortgageBankingActivitiesMember', window );">Business Purpose Mortgage Banking Activities, Net: | Single-family rental loans, at fair value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_MortgageLoansOnRealEstateLineItems', window );"><strong>SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets', window );">Changes in fair value of assets</a></td>
<td class="nump">$ 10,248<span></span>
</td>
<td class="nump">$ 11,808<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase (Decrease) in Fair Value Adjustments on Assets</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MortgageBankingActivitiesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net income attributable to mortgage banking activities. This includes market valuations related to residential and commercial loans, Sequoia IOs, and mortgage banking derivatives, as well as realized gains or losses associated with mortgage loan sales.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MortgageBankingActivitiesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_MortgageLoansOnRealEstateLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_MortgageLoansOnRealEstateLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>srt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unrealized gain (loss) related to the fair value of price risk derivatives designated as fair value hedging instruments, as offset by the gain (loss) on the hedged item to the extent that the fair value hedge is determined to be effective.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4C<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121590274&amp;loc=SL5624171-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue and income classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_ResidentialMortgageBankingActivitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_ResidentialMortgageBankingActivitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_ResidentialLoansAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_TradingSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_TradingSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=us-gaap_PriceRiskDerivativeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=us-gaap_PriceRiskDerivativeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=rwt_BusinessPurposeMortgageBankingActivitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=rwt_BusinessPurposeMortgageBankingActivitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByAssetClassAxis=rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>139
<FILENAME>R125.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774459430280">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Other Income (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncomeAndExpensesAbstract', window );"><strong>Other Income and Expenses [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageServicingRightsIncomeLossNet', window );">MSR income (loss), net</a></td>
<td class="nump">$ 697<span></span>
</td>
<td class="num">$ (1,809)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FeeIncomeRiskSharingAgreement', window );">Risk share income</a></td>
<td class="nump">882<span></span>
</td>
<td class="nump">765<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FHLBCCapitalStockDividend', window );">FHLBC capital stock dividend</a></td>
<td class="nump">25<span></span>
</td>
<td class="nump">547<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Equity investment income</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">848<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndFeeIncomeLoansAndLeases', window );">Loan extension fees</a></td>
<td class="nump">421<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonoperatingIncomeExpense', window );">Other</a></td>
<td class="nump">1,818<span></span>
</td>
<td class="nump">2,577<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other income, net</a></td>
<td class="nump">$ 3,843<span></span>
</td>
<td class="nump">$ 2,928<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FHLBCCapitalStockDividend">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>FHLBC Capital Stock Dividend</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FHLBCCapitalStockDividend</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FeeIncomeRiskSharingAgreement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fee Income, Risk Sharing Agreement</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FeeIncomeRiskSharingAgreement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MortgageServicingRightsIncomeLossNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Includes income (loss) from mortgage banking servicing real estate mortgages, net of subservicing costs, and market valuation changes of MSRs held at fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MortgageServicingRightsIncomeLossNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) for proportionate share of equity method investee's income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13)(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=109237563&amp;loc=d3e33749-111570<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestAndFeeIncomeLoansAndLeases">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestAndFeeIncomeLoansAndLeases</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue and income classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncomeAndExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherIncomeAndExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherNonoperatingIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (expense) related to nonoperating activities, classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherNonoperatingIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>140
<FILENAME>R126.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774695550712">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses - Components of General and Administrative Expenses and Other Expenses (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Oct. 15, 2019</div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_FixedCompensationExpense', window );">Fixed compensation expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 11,805<span></span>
</td>
<td class="nump">$ 14,684<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_VariableCompensationExpense', window );">Annual variable compensation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">18,669<span></span>
</td>
<td class="nump">11<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllocatedShareBasedCompensationExpense', window );">Long-term incentive award expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,169<span></span>
</td>
<td class="nump">1,995<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense', window );">Acquisition-related equity compensation expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,212<span></span>
</td>
<td class="nump">1,212<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommunicationsAndInformationTechnology', window );">Systems and consulting</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,977<span></span>
</td>
<td class="nump">3,212<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_OfficeCosts', window );">Office costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,808<span></span>
</td>
<td class="nump">2,108<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfessionalFees', window );">Accounting and legal</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">714<span></span>
</td>
<td class="nump">2,216<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherGeneralExpense', window );">Corporate costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">691<span></span>
</td>
<td class="nump">671<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherGeneralAndAdministrativeExpense', window );">Other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,506<span></span>
</td>
<td class="nump">2,573<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">Total General and Administrative Expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">43,551<span></span>
</td>
<td class="nump">28,682<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_CommissionsOnLoanAcquisitions', window );">Commissions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,263<span></span>
</td>
<td class="nump">1,788<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_UnderwritingCostsAssociatedWithLoanAcquisitions', window );">Underwriting costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,685<span></span>
</td>
<td class="nump">1,662<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions', window );">Transfer and holding costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">611<span></span>
</td>
<td class="nump">536<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoanAcquisitionCosts', window );">Total Loan Acquisition Costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,559<span></span>
</td>
<td class="nump">3,986<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillImpairmentLoss', window );">Goodwill impairment expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">88,675<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_AmortizationofPurchaseRelatedIntangibleAssets', window );">Amortization of purchase-related intangible assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,873<span></span>
</td>
<td class="nump">4,309<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherCostAndExpenseOperating', window );">Other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">223<span></span>
</td>
<td class="num">(1,569)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingCostsAndExpenses', window );">Total Other Expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,096<span></span>
</td>
<td class="nump">91,415<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Total General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">51,206<span></span>
</td>
<td class="nump">$ 124,083<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis=rwt_SettlementInCommonStockMember', window );">Settlement in Common Stock</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllocatedShareBasedCompensationExpense', window );">Long-term incentive award expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis=rwt_SettlementInCashMember', window );">Settlement in Cash</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllocatedShareBasedCompensationExpense', window );">Long-term incentive award expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=rwt_CoreVestAmericanFinanceLenderLLCMember', window );">CoreVest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued', window );">Restricted stock awards (in shares)</a></td>
<td class="nump">588,260<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable', window );">Restricted stock awards</a></td>
<td class="nump">$ 10,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_BusinessCombinationContingentConsiderationLiabilityTerm', window );">Contingent consideration performance term</a></td>
<td class="text">2 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Acquisition Related Share-based Payment Arrangement, Expense</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_AmortizationofPurchaseRelatedIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortization of Purchase Related Intangible Assets</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_AmortizationofPurchaseRelatedIntangibleAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_BusinessCombinationContingentConsiderationLiabilityTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Business Combination, Contingent Consideration, Liability, Term</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_BusinessCombinationContingentConsiderationLiabilityTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_CommissionsOnLoanAcquisitions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commissions on Loan Acquisitions</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_CommissionsOnLoanAcquisitions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_FixedCompensationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fixed Compensation Expense</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_FixedCompensationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_LoanAcquisitionCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loan Acquisition Costs</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_LoanAcquisitionCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_OfficeCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Office Costs</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_OfficeCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Transfer and Hold Costs Associated With Loan Acquisitions</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_UnderwritingCostsAssociatedWithLoanAcquisitions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Underwriting Costs Associated With Loan Acquisitions</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_UnderwritingCostsAssociatedWithLoanAcquisitions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_VariableCompensationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Variable Compensation Expense</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_VariableCompensationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllocatedShareBasedCompensationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense for award under share-based payment arrangement. Excludes amount capitalized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120381028&amp;loc=d3e5047-113901<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 14.F)<br> -URI http://asc.fasb.org/extlink&amp;oid=115993241&amp;loc=d3e301413-122809<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (h)(1)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=120381028&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AllocatedShareBasedCompensationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of equity interests issued or issuable to acquire entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120321790&amp;loc=d3e6927-128479<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of equity interests of the acquirer, including instruments or interests issued or issuable in consideration for the business combination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 30<br> -Section 30<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=116859721&amp;loc=d3e6613-128477<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 30<br> -Section 30<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=116859721&amp;loc=d3e6578-128477<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommunicationsAndInformationTechnology">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense in the period for communications and data processing expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommunicationsAndInformationTechnology</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillImpairmentLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121556970&amp;loc=d3e13854-109267<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=121556970&amp;loc=d3e13816-109267<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=99380562&amp;loc=d3e13777-109266<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillImpairmentLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingCostsAndExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingCostsAndExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherCostAndExpenseOperating">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherCostAndExpenseOperating</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherGeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of general and administrative expense classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherGeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherGeneralExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of general expenses not normally included in Other Operating Costs and Expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherGeneralExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfessionalFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07.2(a),(b),(c),(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=120401555&amp;loc=SL114874292-224272<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 220<br> -Section 45<br> -Paragraph 3<br> -Subparagraph (k)<br> -URI http://asc.fasb.org/extlink&amp;oid=118262090&amp;loc=SL114874205-224268<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfessionalFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis=rwt_SettlementInCommonStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis=rwt_SettlementInCommonStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis=rwt_SettlementInCashMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis=rwt_SettlementInCashMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=rwt_CoreVestAmericanFinanceLenderLLCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=rwt_CoreVestAmericanFinanceLenderLLCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>141
<FILENAME>R127.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774458601272">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Taxes - Additional Information (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision from (benefit for) income taxes</a></td>
<td class="nump">$ 11,543<span></span>
</td>
<td class="num">$ (22,229)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB TOPIC 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=116825942&amp;loc=d3e330036-122817<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32672-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (h)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22663-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=120385591&amp;loc=d3e38679-109324<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(9))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22658-107794<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>142
<FILENAME>R128.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774560806264">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Taxes - Reconciliation of Statutory Tax Rate to Effective Tax Rate (Details)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate', window );">Federal statutory rate</a></td>
<td class="nump">21.00%<span></span>
</td>
<td class="nump">21.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes', window );">State statutory rate, net of Federal tax effect</a></td>
<td class="nump">8.60%<span></span>
</td>
<td class="nump">8.60%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationDeductions', window );">Differences in taxable (loss) income from GAAP income</a></td>
<td class="num">(12.50%)<span></span>
</td>
<td class="num">(25.90%)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance', window );">Change in valuation allowance</a></td>
<td class="num">(3.70%)<span></span>
</td>
<td class="num">(2.50%)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends', window );">Dividends paid deduction</a></td>
<td class="num">(2.80%)<span></span>
</td>
<td class="nump">1.10%<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateContinuingOperations', window );">Effective Tax Rate</a></td>
<td class="nump">10.60%<span></span>
</td>
<td class="nump">2.30%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of domestic federal statutory tax rate applicable to pretax income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=116825942&amp;loc=d3e330036-122817<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the valuation allowance for deferred tax assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=116825942&amp;loc=d3e330036-122817<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateReconciliationDeductions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying domestic federal statutory income tax rate to pretax income (loss) from continuing operations attributable to deduction. Includes, but is not limited to, dividend deduction, deduction for dividend paid to employee stock ownership plan (ESOP), Medicare prescription drug benefit subsidy deduction, and other deductions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=116825942&amp;loc=d3e330036-122817<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationDeductions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to deduction for dividend.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=116825942&amp;loc=d3e330036-122817<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to state and local income tax expense (benefit), net of federal tax expense (benefit).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=116825942&amp;loc=d3e330036-122817<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>143
<FILENAME>R129.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774457356200">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segment Information - Additional Information (Details)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th">
<div>Mar. 31, 2021 </div>
<div>segment</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingAbstract', window );"><strong>Segment Reporting [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfOperatingSegments', window );">Number of operating segments</a></td>
<td class="nump">3<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NumberOfOperatingSegments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 18<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8672-108599<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NumberOfOperatingSegments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>144
<FILENAME>R130.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774476968488">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segment Information - Financial Information by Segment (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">$ 128,305<span></span>
</td>
<td class="nump">$ 198,081<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(102,552)<span></span>
</td>
<td class="num">(146,671)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="nump">25,753<span></span>
</td>
<td class="nump">51,410<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncomeAbstract', window );"><strong>Non-interest Income (Loss)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageBankingActivitiesNet', window );">Mortgage banking activities, net</a></td>
<td class="nump">82,607<span></span>
</td>
<td class="num">(28,902)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="nump">45,087<span></span>
</td>
<td class="num">(870,832)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherOperatingIncomeExpenseNet', window );">Other income, net</a></td>
<td class="nump">3,843<span></span>
</td>
<td class="nump">2,928<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealizedInvestmentGainsLosses', window );">Realized gains, net</a></td>
<td class="nump">2,716<span></span>
</td>
<td class="nump">3,852<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="nump">134,253<span></span>
</td>
<td class="num">(892,954)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(43,551)<span></span>
</td>
<td class="num">(28,682)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoanAcquisitionCosts', window );">Loan acquisition costs</a></td>
<td class="num">(3,559)<span></span>
</td>
<td class="num">(3,986)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherExpenses', window );">Other expenses</a></td>
<td class="num">(4,096)<span></span>
</td>
<td class="num">(91,415)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision for income taxes</a></td>
<td class="num">(11,543)<span></span>
</td>
<td class="nump">22,229<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="nump">97,257<span></span>
</td>
<td class="num">(943,398)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentForAmortization', window );">Non-cash amortization (expense) income, net</a></td>
<td class="num">(6,230)<span></span>
</td>
<td class="num">(4,497)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillImpairmentLoss', window );">Other significant non-cash expense: goodwill impairment</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(88,675)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments | Residential Lending</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">27,548<span></span>
</td>
<td class="nump">60,631<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(19,037)<span></span>
</td>
<td class="num">(37,562)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="nump">8,511<span></span>
</td>
<td class="nump">23,069<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncomeAbstract', window );"><strong>Non-interest Income (Loss)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageBankingActivitiesNet', window );">Mortgage banking activities, net</a></td>
<td class="nump">61,435<span></span>
</td>
<td class="num">(23,081)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="nump">2,746<span></span>
</td>
<td class="num">(196,635)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherOperatingIncomeExpenseNet', window );">Other income, net</a></td>
<td class="nump">2,853<span></span>
</td>
<td class="num">(497)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealizedInvestmentGainsLosses', window );">Realized gains, net</a></td>
<td class="nump">2,408<span></span>
</td>
<td class="nump">1,796<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="nump">69,442<span></span>
</td>
<td class="num">(218,417)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(13,757)<span></span>
</td>
<td class="num">(4,599)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoanAcquisitionCosts', window );">Loan acquisition costs</a></td>
<td class="num">(1,416)<span></span>
</td>
<td class="num">(1,033)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherExpenses', window );">Other expenses</a></td>
<td class="num">(6)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision for income taxes</a></td>
<td class="num">(9,979)<span></span>
</td>
<td class="nump">5,330<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="nump">52,795<span></span>
</td>
<td class="num">(195,650)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentForAmortization', window );">Non-cash amortization (expense) income, net</a></td>
<td class="nump">1,666<span></span>
</td>
<td class="nump">367<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillImpairmentLoss', window );">Other significant non-cash expense: goodwill impairment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments | Business Purpose Lending</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">64,405<span></span>
</td>
<td class="nump">53,060<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(50,075)<span></span>
</td>
<td class="num">(32,353)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="nump">14,330<span></span>
</td>
<td class="nump">20,707<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncomeAbstract', window );"><strong>Non-interest Income (Loss)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageBankingActivitiesNet', window );">Mortgage banking activities, net</a></td>
<td class="nump">21,172<span></span>
</td>
<td class="num">(5,821)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="nump">3,299<span></span>
</td>
<td class="num">(142,130)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherOperatingIncomeExpenseNet', window );">Other income, net</a></td>
<td class="nump">843<span></span>
</td>
<td class="nump">2,184<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealizedInvestmentGainsLosses', window );">Realized gains, net</a></td>
<td class="nump">108<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="nump">25,422<span></span>
</td>
<td class="num">(145,767)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(11,159)<span></span>
</td>
<td class="num">(11,640)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoanAcquisitionCosts', window );">Loan acquisition costs</a></td>
<td class="num">(2,052)<span></span>
</td>
<td class="num">(2,693)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherExpenses', window );">Other expenses</a></td>
<td class="num">(3,777)<span></span>
</td>
<td class="num">(92,985)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision for income taxes</a></td>
<td class="num">(1,321)<span></span>
</td>
<td class="nump">6,582<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="nump">21,443<span></span>
</td>
<td class="num">(225,796)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentForAmortization', window );">Non-cash amortization (expense) income, net</a></td>
<td class="num">(5,857)<span></span>
</td>
<td class="num">(5,363)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillImpairmentLoss', window );">Other significant non-cash expense: goodwill impairment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(88,675)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments | Third-Party Investments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">34,990<span></span>
</td>
<td class="nump">81,196<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(23,179)<span></span>
</td>
<td class="num">(62,501)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="nump">11,811<span></span>
</td>
<td class="nump">18,695<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncomeAbstract', window );"><strong>Non-interest Income (Loss)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageBankingActivitiesNet', window );">Mortgage banking activities, net</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="nump">39,716<span></span>
</td>
<td class="num">(531,558)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherOperatingIncomeExpenseNet', window );">Other income, net</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">1,241<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealizedInvestmentGainsLosses', window );">Realized gains, net</a></td>
<td class="nump">200<span></span>
</td>
<td class="nump">2,056<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="nump">39,916<span></span>
</td>
<td class="num">(528,261)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(1,131)<span></span>
</td>
<td class="num">(1,535)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoanAcquisitionCosts', window );">Loan acquisition costs</a></td>
<td class="num">(87)<span></span>
</td>
<td class="num">(253)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherExpenses', window );">Other expenses</a></td>
<td class="num">(330)<span></span>
</td>
<td class="nump">1,882<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision for income taxes</a></td>
<td class="num">(243)<span></span>
</td>
<td class="nump">10,317<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="nump">49,936<span></span>
</td>
<td class="num">(499,155)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentForAmortization', window );">Non-cash amortization (expense) income, net</a></td>
<td class="num">(144)<span></span>
</td>
<td class="nump">866<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillImpairmentLoss', window );">Other significant non-cash expense: goodwill impairment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember', window );">Corporate/ Other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">1,362<span></span>
</td>
<td class="nump">3,194<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(10,261)<span></span>
</td>
<td class="num">(14,255)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="num">(8,899)<span></span>
</td>
<td class="num">(11,061)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncomeAbstract', window );"><strong>Non-interest Income (Loss)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_MortgageBankingActivitiesNet', window );">Mortgage banking activities, net</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="num">(674)<span></span>
</td>
<td class="num">(509)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherOperatingIncomeExpenseNet', window );">Other income, net</a></td>
<td class="nump">147<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealizedInvestmentGainsLosses', window );">Realized gains, net</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="num">(527)<span></span>
</td>
<td class="num">(509)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(17,504)<span></span>
</td>
<td class="num">(10,908)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoanAcquisitionCosts', window );">Loan acquisition costs</a></td>
<td class="num">(4)<span></span>
</td>
<td class="num">(7)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherExpenses', window );">Other expenses</a></td>
<td class="nump">17<span></span>
</td>
<td class="num">(312)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision for income taxes</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="num">(26,917)<span></span>
</td>
<td class="num">(22,797)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentForAmortization', window );">Non-cash amortization (expense) income, net</a></td>
<td class="num">$ (1,895)<span></span>
</td>
<td class="num">(367)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillImpairmentLoss', window );">Other significant non-cash expense: goodwill impairment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_LoanAcquisitionCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loan Acquisition Costs</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_LoanAcquisitionCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_MortgageBankingActivitiesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net income attributable to mortgage banking activities. This includes market valuations related to residential and commercial loans, Sequoia IOs, and mortgage banking derivatives, as well as realized gains or losses associated with mortgage loan sales.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_MortgageBankingActivitiesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentForAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentForAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillImpairmentLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121556970&amp;loc=d3e13854-109267<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=121556970&amp;loc=d3e13816-109267<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=99380562&amp;loc=d3e13777-109266<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillImpairmentLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB TOPIC 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=116825942&amp;loc=d3e330036-122817<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32672-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (h)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22663-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=120385591&amp;loc=d3e38679-109324<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(9))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22658-107794<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestAndDividendIncomeOperating">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.1-5)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestAndDividendIncomeOperating</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=119993939&amp;loc=d3e28555-108399<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (210.5-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestIncomeExpenseNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net amount of operating interest income (expense).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.10)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestIncomeExpenseNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669619-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 31<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8924-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=109222650&amp;loc=SL51721683-107760<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22595-107794<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669625-108580<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22499-107794<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22663-107794<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22583-107794<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=SL5780133-109256<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22658-107794<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoninterestIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.13)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NoninterestIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoninterestIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NoninterestIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4,6)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherOperatingIncomeExpenseNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherOperatingIncomeExpenseNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealizedInvestmentGainsLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of realized gain (loss) on investment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.3(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealizedInvestmentGainsLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrealizedGainLossOnInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unrealized gain (loss) on investment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrealizedGainLossOnInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=rwt_ResidentialLendingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=rwt_ResidentialLendingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=rwt_BusinessPurposeLendingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=rwt_BusinessPurposeLendingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=rwt_ThirdPartyResidentialInvestmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=rwt_ThirdPartyResidentialInvestmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>145
<FILENAME>R131.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774467008584">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segment Information - Components of Corporate/Other (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">$ 128,305<span></span>
</td>
<td class="nump">$ 198,081<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(102,552)<span></span>
</td>
<td class="num">(146,671)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="nump">25,753<span></span>
</td>
<td class="nump">51,410<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="nump">45,087<span></span>
</td>
<td class="num">(870,832)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonoperatingIncomeExpense', window );">Other</a></td>
<td class="nump">1,818<span></span>
</td>
<td class="nump">2,577<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealizedInvestmentGainsLosses', window );">Realized gains, net</a></td>
<td class="nump">2,716<span></span>
</td>
<td class="nump">3,852<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="nump">134,253<span></span>
</td>
<td class="num">(892,954)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(43,551)<span></span>
</td>
<td class="num">(28,682)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoanAcquisitionCosts', window );">Loan acquisition costs</a></td>
<td class="num">(3,559)<span></span>
</td>
<td class="num">(3,986)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherExpenses', window );">Other expenses</a></td>
<td class="num">(4,096)<span></span>
</td>
<td class="num">(91,415)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="nump">97,257<span></span>
</td>
<td class="num">(943,398)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember', window );">Corporate/ Other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">1,362<span></span>
</td>
<td class="nump">3,194<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(10,261)<span></span>
</td>
<td class="num">(14,255)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="num">(8,899)<span></span>
</td>
<td class="num">(11,061)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="num">(674)<span></span>
</td>
<td class="num">(509)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonoperatingIncomeExpense', window );">Other</a></td>
<td class="nump">147<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealizedInvestmentGainsLosses', window );">Realized gains, net</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="num">(527)<span></span>
</td>
<td class="num">(509)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(17,504)<span></span>
</td>
<td class="num">(10,908)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoanAcquisitionCosts', window );">Loan acquisition costs</a></td>
<td class="num">(4)<span></span>
</td>
<td class="num">(7)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherExpenses', window );">Other expenses</a></td>
<td class="nump">17<span></span>
</td>
<td class="num">(312)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="num">(26,917)<span></span>
</td>
<td class="num">(22,797)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember', window );">Corporate/ Other | Legacy Consolidated VIEs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">1,348<span></span>
</td>
<td class="nump">3,194<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(875)<span></span>
</td>
<td class="num">(2,522)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="nump">473<span></span>
</td>
<td class="nump">672<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="num">(699)<span></span>
</td>
<td class="num">(391)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonoperatingIncomeExpense', window );">Other</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="num">(699)<span></span>
</td>
<td class="num">(391)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoanAcquisitionCosts', window );">Loan acquisition costs</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherExpenses', window );">Other expenses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="num">(226)<span></span>
</td>
<td class="nump">281<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember', window );">Corporate/ Other | Other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendIncomeOperating', window );">Interest income</a></td>
<td class="nump">14<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(9,386)<span></span>
</td>
<td class="num">(11,733)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Net Interest Income</a></td>
<td class="num">(9,372)<span></span>
</td>
<td class="num">(11,733)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Investment fair value changes, net</a></td>
<td class="nump">25<span></span>
</td>
<td class="num">(118)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonoperatingIncomeExpense', window );">Other</a></td>
<td class="nump">147<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoninterestIncome', window );">Total non-interest income (loss), net</a></td>
<td class="nump">172<span></span>
</td>
<td class="num">(118)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(17,504)<span></span>
</td>
<td class="num">(10,908)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_rwt_LoanAcquisitionCosts', window );">Loan acquisition costs</a></td>
<td class="num">(4)<span></span>
</td>
<td class="num">(7)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherExpenses', window );">Other expenses</a></td>
<td class="nump">17<span></span>
</td>
<td class="num">(312)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss)</a></td>
<td class="num">$ (26,691)<span></span>
</td>
<td class="num">$ (23,078)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_rwt_LoanAcquisitionCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loan Acquisition Costs</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">rwt_LoanAcquisitionCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>rwt_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestAndDividendIncomeOperating">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.1-5)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestAndDividendIncomeOperating</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=119993939&amp;loc=d3e28555-108399<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (210.5-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestIncomeExpenseNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net amount of operating interest income (expense).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.10)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestIncomeExpenseNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669619-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 31<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8924-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=109222650&amp;loc=SL51721683-107760<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22595-107794<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121641772&amp;loc=SL7669625-108580<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22499-107794<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22663-107794<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22583-107794<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=SL5780133-109256<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22658-107794<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoninterestIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.13)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NoninterestIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4,6)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherNonoperatingIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (expense) related to nonoperating activities, classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherNonoperatingIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealizedInvestmentGainsLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of realized gain (loss) on investment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.3(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealizedInvestmentGainsLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrealizedGainLossOnInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unrealized gain (loss) on investment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrealizedGainLossOnInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SubsegmentsAxis=rwt_LegacyConsolidatedVariableInterestEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SubsegmentsAxis=rwt_LegacyConsolidatedVariableInterestEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SubsegmentsAxis=rwt_OtherSubsegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SubsegmentsAxis=rwt_OtherSubsegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>146
<FILENAME>R132.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139774462446264">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Segment Information - Supplemental Information by Segment (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 364,320<span></span>
</td>
<td class="nump">$ 344,125<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">322,579<span></span>
</td>
<td class="nump">348,175<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IntangibleAssetsNetIncludingGoodwill', window );">Intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">52,992<span></span>
</td>
<td class="nump">56,865<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">10,896,848<span></span>
</td>
<td class="nump">10,355,066<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ResidentialPortfolioSegmentMember', window );">Residential loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,701,836<span></span>
</td>
<td class="nump">4,249,051<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivablePortfolioSegmentAxis=rwt_BusinessPurposeResidentialLoansMember', window );">Business purpose loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,172,120<span></span>
</td>
<td class="nump">4,136,353<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancingReceivablePortfolioSegmentAxis=rwt_MultifamilyLoansMember', window );">Multifamily loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">489,545<span></span>
</td>
<td class="nump">492,221<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments | Residential Lending</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">167,040<span></span>
</td>
<td class="nump">160,780<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7,945<span></span>
</td>
<td class="nump">8,815<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IntangibleAssetsNetIncludingGoodwill', window );">Intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,601,672<span></span>
</td>
<td class="nump">1,989,802<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments | Residential Lending | Residential loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,272,624<span></span>
</td>
<td class="nump">1,741,963<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments | Residential Lending | Business purpose loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments | Residential Lending | Multifamily loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments | Business Purpose Lending</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">19,405<span></span>
</td>
<td class="nump">21,627<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IntangibleAssetsNetIncludingGoodwill', window );">Intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">52,992<span></span>
</td>
<td class="nump">56,865<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,359,491<span></span>
</td>
<td class="nump">4,323,040<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments | Business Purpose Lending | Residential loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments | Business Purpose Lending | Business purpose loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,172,120<span></span>
</td>
<td class="nump">4,136,353<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments | Business Purpose Lending | Multifamily loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments | Third-Party Investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">197,280<span></span>
</td>
<td class="nump">183,345<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">293,776<span></span>
</td>
<td class="nump">317,282<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IntangibleAssetsNetIncludingGoodwill', window );">Intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,155,645<span></span>
</td>
<td class="nump">3,232,415<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments | Third-Party Investments | Residential loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,154,351<span></span>
</td>
<td class="nump">2,221,153<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments | Third-Party Investments | Business purpose loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments | Third-Party Investments | Multifamily loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">489,545<span></span>
</td>
<td class="nump">492,221<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember', window );">Corporate/ Other</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecurities', window );">Real estate securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,453<span></span>
</td>
<td class="nump">451<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IntangibleAssetsNetIncludingGoodwill', window );">Intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">780,040<span></span>
</td>
<td class="nump">809,809<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember', window );">Corporate/ Other | Residential loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">274,861<span></span>
</td>
<td class="nump">285,935<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember', window );">Corporate/ Other | Business purpose loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember', window );">Corporate/ Other | Multifamily loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Fair value of loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Our consolidated balance sheets include assets of consolidated variable interest entities (&#8220;VIEs&#8221;) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March&#160;31, 2021 and December&#160;31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March&#160;31, 2021 and December&#160;31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Note 4 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further discussion.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=116870748&amp;loc=SL6758485-165988<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8736-108599<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IntangibleAssetsNetIncludingGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount of finite-lived intangible assets, indefinite-lived intangible assets and goodwill. Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Intangible assets are assets, not including financial assets, lacking physical substance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IntangibleAssetsNetIncludingGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MarketableSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in marketable security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MarketableSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesReceivableNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121599337&amp;loc=SL82919230-210447<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121593590&amp;loc=d3e4428-111522<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesReceivableNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investments classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.1(f,g))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ResidentialPortfolioSegmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ResidentialPortfolioSegmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivablePortfolioSegmentAxis=rwt_BusinessPurposeResidentialLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivablePortfolioSegmentAxis=rwt_BusinessPurposeResidentialLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancingReceivablePortfolioSegmentAxis=rwt_MultifamilyLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancingReceivablePortfolioSegmentAxis=rwt_MultifamilyLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=rwt_ResidentialLendingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=rwt_ResidentialLendingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=rwt_BusinessPurposeLendingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=rwt_BusinessPurposeLendingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=rwt_ThirdPartyResidentialInvestmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=rwt_ThirdPartyResidentialInvestmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>147
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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M=]W3CHG&K=!X#;[Q3X?#KHG&J]!TZVDF)_VN:Z3I%FA"1N/K>A(5M>5 TR
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M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+
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MU4#E/]O4#6CV#30<D05>,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04
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MMZ;RS;S\0LLXVP];2*UEF)VN!8?5AWD!GB^EU(<+\P/%ENK@/U!+ P04
M" #M@Z=2#\P,"&T(  #R(P  &    'AL+W=O<FMS:&5E=',O<VAE970R+GAM
M;*5:6V_;N!+^*X1/<- "2BQ>=&N3 +DM-D!OB+N[#P?G@9;I6*@L>D4J:<^O
M/T/)L6R+I+/.0UI)GAG.-R1GOJ%T_BSK'VHAA$8_EV6E+D8+K5<?QF.5+\22
MJS.Y$A7\,I?UDFNXK1_':E4+/FN5EN68A&$\7O*B&EV>M\^^U9?GLM%E48EO
M-5+-<LGK7]>BE,\7(SQZ>?!0/"ZT>3"^/%_Q1S$1^H_5MQKNQALKLV(I*E7(
M"M5B?C&ZPA]N&34*K<2?A7A66]?(0)E*^</<W,\N1J'Q2)0BU\8$A_^>Q(TH
M2V,)_/A[;72T&=,H;E^_6/^M!0]@IER)&UG^5<STXF*4CM!,S'E3Z@?Y_+M8
M XJ,O5R6JOT7/:]EPQ'*&Z7E<JT,'BR+JON?_UP'XC4*9*U ]A0P<RC0M0)]
MK0);*[ V,AV4-@ZW7//+\UH^H]I(@S5ST0:SU0;X167F?:)K^+4 /7UY\_7+
MY.NG^]NK[W>WZ/KJT]67FSLT^?WN[OL$G:(_)K?HW<E[=(**"GU?R$;Q:J;.
MQQI&-OKC?#W*33<*<8SRF==GB.( D9!@B_JM7_U6Y!OU<%=]#'@WH,D&-&GM
M48>]J\D$\'D,T8TAVAIB#D,/@I=(*,VU0$KD35WH0J@ <8WFO*C1$R\;8<%[
M[3?['_Q?6XP[I;A5,OOYZ9+&C)J(/&W'TB+&&";11FP'*MM 95Z?ONJ%J&$9
M/ %<V/?:M@JN_28<L#JE:-M?0J(DVX-E$6,I3ARPH@VLR.O3#5<+!(L:Y>9"
M_-T4,&<N>'Y3#GC1P&]&XA#OP[.(Q1@$[?#B#;SXP )5NBYR+3J -E!^ PY0
M\<#;+$JVYJ+#-)1**<X<D)(-I,3KT7VE>?583$N!N%+"/E-^$PY0R<#=B&09
MV0-ED8K3V+$,TPVHU.O1K:AAX9D2Z 'E-^$ E0[<Q084VT,U%(LHH:D=5;9!
ME;TB9[@!^;4=@+(A((:3+5<[0!8Q&D:I Q$.^WH9>KWZ+C7D_"LGI@/J#E!K
MK1UWPS2+4[:/RRI)HRB,8P>T+2J O67Q4\&G1=F6,$]MQ'V5Q<2+=;*0M3[5
MHEX"$YOJ %5"6T/F-^,*&;&L[(BFZ?Z&M0A&!#)KYHA77_RQOTQO;=K2%;HU
MPJ/J_5IKV_&$XF2P(H9B. X3XH#7%WSL+]=7>5XW4#C$3V@RE%!MF93MECX$
M]R@>@(<5GC!&DOU499'#24:9HZ[@G@I@?P%O-_7IE.<_ '5/YU"AE(G#NZ+*
MRV8&#T[B@"41_)$V)G";A6% 8[)+_-Z[5_Q13 (/.4(<)SA.DOT(#043#(U@
MC!TAZND$]M.!3[)Z?,V./HI4X"%?P(RF)![L:)L@B5CJJ,*XYQ;8SPRZ['YH
M>1_%+O"0.$!^QR2A^^@L@K 18)X=Z'J2@?T4X48NET7'WMN%>R,K752/HLI=
M2(^B''XM<Y+Q0:UX+BY&JUHH43^)T26R=H5O-[0;J9ZXX,Q;"N^@$="_?*UF
M3QB(O^*;H,L*02>?_PC0BJ^3 SH)ST*,5I!-U8+7(D TBX(0\@C\=8]@DAH-
M-;3XGYA]1!B3(,O2(*%=UC'W86;$XY<,U2;H1D,_6LU@7FTS>L!9QXP2"^D
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M:4IDDR]IAF_F7*1$X:-8F'(I*(DT*$U,Q[(\,R4L:_2Z>NY)]+H\5PG+Z),
MF:<I$6\#FO#U3<-N;">>V2)6Q839ZR[)@DZH^K%\$OAD5EXBEM),,IZ!H/.;
M1M^^'MFM J M7AA=RYTQ%%)FG+\6#W?13<,J&-&$AJIP0?!G18<T20I/R./O
MC=-&%;, [HZWWK]K\2AF1B0=\N0/%JGXIA$T(*)SDB?JF:]OZ490N_ 7\D3J
M_[ N;;U. \)<*IYNP,@@95GY2WYN$K$#"*P3 &<#< X MGL"T-H 6I\%N!N
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M&..MBHK" -_/.4K>/!0!JGM:[U]02P,$%     @ [8.G4E_VYD_^!0  /!<
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M21R?3+:'KC"ETASD]E)O\,5[?+$7W\5&P8A2:+V1:Z&8&V2K)SY8/HEPE@U
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M-^+![>R/Z]O/\\7]^C>P^//KZN$?, 1?UW/P\<,9^ #"!#QLV"XC29"-1UP
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M,M>QVW2RT'-,[0*7G12X:"<K\@;NLE9M7_Z=#5E'+0/(EG6YJ;O705%VN=J
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MOSX?8:RF.W3W$EV3[JV9B_@$I\<*/SO8BP'V%\[%S8L<,/R0.?T74$L#!!0
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MW449V+)COXS<MY?>[&OR<=(I,9[8P@M=_S7=2;.2'9V2Z&>E*0BP)\JT1<G
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M1/^NQ\KD76NIF\JT[S'@B?ACQ$BF;LKOD136[>'')WS4$8_T>/^C.QZ"V7L
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M.Y'U5M146#*=;])9)M[?IZUZRB31[8,TCW;S?V:B0<6!J:=J:$Z"I44QA,T
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M07?15BO^#Z>[JFVK)9\N9 I>4 ,\GU=8&^H+&L#\J=>+_P-02P,$%     @
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M?.Y=GQ UXM>&[H[PLJX-Z&1=Y\7'<#0"+#R^[5@QXL19%SO-;_W]P\@4#1P
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M)9 U$6**]TP/4=TE[A#; N<TN9OKUV^'#'F1#:\6 3,YD*-&]$9B["=4_V=
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MX/ZR@EC4/]1!]P:YY_\'4$L#!!0    ( .V#IU*@G^.G- X  (H^   9
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MVJH]>ZN.(R$?HF$B"O:/JV%1YO"%?_8T[#0-.ZIAYSG&.[ )]J> JWY9R%S
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M3@_@_CC+ROH'==!\?O[FWU!+ P04    " #M@Z=2D64P1#P.  "4/@  &0
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MX"V.]%+PTF^U ]HY=HN8^^+)/=/HMGKY]JX]4F4/W5=[5E.; $IKL=REU=A
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M">S J3(1U7'U22;5JJZ0VJ1W3R6]PUA+S-. /,AN!8OWO64GEYM]I6:-\#>
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M_LMS[,^-2F7,+=PT7[,2#"]*A &%*G9Q1B$V%HK)9+.'SSA$HN4U+5(GRBH
M+> TT$0JBGXJECQ:8X&1,>R1<$I6._5BSJ,OV&1$5&IIY7=>!:=6YX 1E):Q
M[.Q.+  $>E2IV2S/2PB\$Z22(;Y4<<'%BS_ 4^TVKP773%"%.4 L6L3C6))>
MR)%YU:VJQK'DVEE/4I#CN>&N(9CS2S;;3R&/K01+>,P6I5/5G8:HNFGJ.+<
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M7O+-Z;UV3A?\N) )T-,$?)]I\%>_D(+F*OWB_U!+ P04    " #M@Z=2-:C
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M&PFAL&Y4O@)7)&RI.(<0,=H#WZR?R98IOI+-T1*K"R+-"@ PBC61"P)^4S*
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M-TMIE/OG$&Q<."9!"'=RWW9'OCY)6N-01R@6MW?876K5.$(QJJX6?D1?YH.
MX%5'A"LQ_6<RN:7-5F^4<0T+N"-=W]]=S5S?M3B0].X8F$SONQZM<$;O[$+>
M?%&IMR?IZ KDK(BRU YF?S'9B&<O!X__]E!$^Z&8]&;VEX+;@YF_.2$W+[T\
MNK6Y2J8Q]_]94?R% P6'0$H1J#_^]I$19'D,V;Q(OWDFH+EB]&X08PC_/.DG
M>4@I#M:NL?]$9I&',&"I8PLWEB&GMZ[QXZ,/HD;JE?_L<[2)ZU_W;;3?W7]9
M3KH/JH-X]UF*VJTJ-'$MEU -D94!Z>Y3KUM8M?&?5W-E\;'F']<X Z1V GB_
M5(BX7S@#^^_MB_\#4$L#!!0    ( .V#IU+#\@,A+ T  .TC   9    >&PO
M=V]R:W-H965T<R]S:&5E=#(U+GAM;+5::V\;N17]*X3J+6Q EO6P'7OS )QD
M@PW6:8(XW451] ,U0TEL.,,).6-%^?4]]Y(S0SWLS79;('"D$7G?]]R']&QM
MW6>_4JH67PM3^N>#55U7/YZ=^6RE"NE'ME(E/EE85\@:;]WRS%=.R9PO%>9L
M.AY?GA52EX,7S_C9!_?BF6UJHTOUP0G?%(5TFY?*V/7SP630/OBHEZN:'IR]
M>%;)I;I3]=^K#P[OSCHJN2Y4Z;4MA5.+YX.;R8\OS^D\'_A5J[5/7@O29&[M
M9WKS-G\^&)- RJBL)@H2_]VK5\H8(@0QOD2:@XXE74Q?M]3?L.[092Z]>F7-
M;SJO5\\'5P.1JX5L3/W1KG]649\+HI=9X_FO6(>S%].!R!I?VR)>A@2%+L/_
M\FNT0W+A:OS A6F\,&6Y R.6\K6LY8MGSJZ%H].@1B]85;X-X71)3KFK'3[5
MN%>_>&6+0M>P<NV%+'/QRI:U+I>JS+3RS\YJL*"#9UDD]S*0FSY ;B;>@<#*
MBY_*7.7;]\\@6B??M)7OY?11@N^D&XG99"BFX^GD$7JS3M\9TYO]-_J*U]IG
MQOK&*?'/F[FO'8+F7X]P/>^XGC/7\_^5E?\$.7&K$*4B/7-3"]@Q6W6&'(JU
MPC^H:>=&+V6M<M' 8\A6=:]*4=KR-)-EIHR<&QRJE)/$01BB[1&C]4JHKY6F
MQ\BM'!2\J%?.-LL5.,PF G@ACB;7B%ECZ(A=()R+QDC*PD!'5'+# H[$^\;M
M<B'Z2'[(*3TH=82(\-R"/]@I=5I0O E<U3;W0E'8[2C+)L*+\4A\6BG<-T B
M8E.S<L RSU:RD&'1U.3\($"6FGG7A"#&UR>7HXGXZU^NII/)4_$F7-_WP'PC
M_J&D$\=O2PAA&P^9_,FNH/SG&#;C'#H11V(Z/+^^HN=3,1O.QGQDAJ=7DQF]
M/,?+Z8R?7HC)\/J*GUZRQO4*_I6+&DZ]'$ZF5^*3K:4Y(-OD:GA]<8X/O/]1
MO"VJAJ)!E[BH?"V.9\/QY?6)>-]Y)U"XU7*NC:XIXH[$Y&)X=74A7C>.#0LS
MLW>B)@?=PC&8ZQS!5N, R0FF%K)O$"P+G44W(#H.Q*\]$# F$8F#^VARV88-
MN*TT*/!S2:ZM; FN%)<W6>8:R!<#+N24)?MMD7S/3Z3W"D;[#;(KR Q(5F1K
MQ >21A$Y$BWF20;U)9^0I=!%972FZ]ZVD%XQL\;3$5C#9[8IXP?J2P-_P2)$
M4)>94^0O/)I;YT($\SFJ;>!DD%JPA]'?0 N%2GNZVPG)3HFQ+NZE:3I9:XZ+
MW8R\\2C4V2IX*=44$E>D"$?_ML24FDK"RMM6:#S)*H5?RRH<K$Q#5DXIA9XB
M9G>KGW1. M="G'J5(;ERRB4BCN-&P(I$SUA9!K?QH> O(B4A0[FL6:(:S41O
M5%($%H5W^@ B+<F<]%G.IET(F=N*,.Y@%-+!-1=^E9_*>YA_^0!5DFWOY+[U
M$JL1[#T1&Z!&T.Q\=/W#$,1]I;B3,9M1DL:DTAM N'CI= [2MVP1.!$J',B[
M%4R=PAMN+^AV4]'+HRF ) %NF>>:; #+R?R>ZH(G,ZFOVG/ZS0-/]@*#["YX
M(N=0G2@ZS09A-?\W5"!&=$/()9 B'.2ZDEF4($EOG5I*E[>(LM!XFFD(@;SG
M=A2"L&/Q86B5*#^[W"6[IS0ZT3E;"UP0<R"4HO] CCP9C,#T.O$/.GY-;LZL
MRSEOCZ:=M;*V%-<==FQPU'")#6&W8YS6]+B)AJ.)S6J4=41 4\B-D,;;]BF?
M]RG5$/_>FK:,(]E4)5V;&\)+I%AGZ&"!;:\XG <8ZZ)0N<8]/$*BD2F80-7
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M-!Y-MH(+#R[Z%GZ[^;D!9D0$".D9T<<IQ)8BKU?6FBT,"@(\DFL\$H=LCJ4
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M"1&4HP/X?&&!5O$-,>A^X?/B/U!+ P04    " #M@Z=2FOFR%9D)  "@&P
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MU]@;M?X->G]2TE>HQK@G6WO9)!ZPHC-6M?UB1-#6TO^*;ST/>PNR\)4%O%_
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M8-K?<OV'52MWL\22Q'NJ>ZU 8/*1 ,XOE++;#S*P^ZOA_%]02P,$%     @
M[8.G4M?HI&UT!   40L  !D   !X;"]W;W)K<VAE971S+W-H965T,C@N>&UL
MK59-;^,V$/TK W=1V(!BZ\-.Y*QC($F[Z![2!DG:'HH>:(FRB$BDEZ3B[+_O
M(R4K=ILX+;87FQ1GWKQY')*SV"K]:$K.+3W7E307@]+:S?ED8K*2U\R,U89+
MK!1*U\QBJM<3L]&<Y=ZIKB9Q&)Y.:B;D8+GPWV[U<J$:6PG);S69IJZ9_GK%
M*[6]&$2#W8<[L2ZM^S!9+C9LS>^Y_75SJS&;]"BYJ+DT0DG2O+@87$;G5U-G
M[PU^$WQK]L;D,EDI]>@FG_.+0>@(\8IGUB$P_#WQ:UY5#@@TOG28@SZD<]P?
M[] _^=R1RXH9?JVJWT5NRXM!.J"<%ZRI[)W:_L2[?&8.+U.5\;^T;6V39$!9
M8ZRJ.V<PJ(5L_]ESI\.>0QJ^X1!W#K'GW0;R+']@EBT76FU).VN@N8%/U7N#
MG)!N4^ZMQJJ GUW>*&W74)^NF'P4<DV73B9A!3<!_<SM8F(1Q=E.L@[QJD6,
MWT!,Z$9)6QKZ4>8\/_2?@%U/,=Y1O(J/ MXP/:8D"B@.X^@(7M*GG'B\Y-^F
M_,?EREB-^OCS"/JT1Y]Z].G_*.BW(=)#R:E0%<Z76[5L57'""35<6D,6BYFJ
M-TKZJ2JHQUMU>&P/3W(;X+!E2F/S2$A2C8:_-*H2.;/X9BS^ZAV8D #G-*R4
M,2.PT#Z@+37G5+=UP%T=$'8Q*_MM)"9S-PC'].#Y1O-Q1-]_E\91])&.9(QD
M'?1^B>U!#S]+&*C& !YT?"07A>ZX$3DX"U8=0V_UO"Z97",4LB^8T/3$JH8C
MV?,#F$HQ"0=F]XV&T8@^T#">!_%9XH9GP7PVHP?-<A?)\*S1;1[#>$1G<9=S
M_)'NA'G$P98@YL3%S:+%$W-7%FP!E:;!_'2*813$\^F(?H'.NI>?/^.6-GSD
M-Y"&6(^",$XHGJ7TH"SHZCWJ]3L50*=1,$UFX)@$88J4KAJ#HC2&;AN]48:_
MJ^'Y$1'O85_QDX+5HOH*7M(>4S,*@WB:4A0%:9B^JU(2I,AX&$?!+$G!6XL<
M)%\%AT!3IV<P3_XF9R?B;$2G$#'&'J;3I)-QM5-BTRGQKI;@$IW%@ NPT:/W
MJ^\#I7%P&I[Y.L*FAR@4)P0>H8--[)("Y:K)D7[VJN#N1#)C5";\X75.CCJ,
MP=T=0AALF<:Q9I6_*&IA_>$>^X#FR%[]M\A"6@[ZEC2F@,@>#Z.Y\W#'^VMK
M#V@'CS?<_O,<V1+;RC3TYVZE,8C%#)4\=SY6==7BKR6T'8\G5IVX?RBM44QF
MG^-6V-)?>$</"QHBY("6PK%.#EAWP(ZWMWCA7AR4JB>]A1XMWQ>6;U,Z3@,5
M?%FKQG' +MA2&'+/" E<U;N-(N5KO,#UV5T;A59U6Q(L^](((SR<+XN-5D_"
M^&GA"Z\OFNZJ"79/#$BBS,?^O'P3!Z7%6L@NI==>XLE>FU-SO?;-',K/Q6P[
MGOYKWR]>MFW2BWG;;.+)0"P0Y 5<P_'9; #M?0/73JS:^*9II2Q:,#\LT?-R
M[0RP7BAE=Q,7H.^BEW\!4$L#!!0    ( .V#IU*^9GJ6Y0(  #<&   9
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MUOA+("T3X'QEC-]_L(+A3\;YWU!+ P04    " #M@Z=2"..;9XX#  #J!P
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M3= TOCB+0(>7)6RLZOPTWRA+;X-?-O08HW8"=%\K98>-,S ^[\MO4$L#!!0
M   ( .V#IU*/V;N[ @H  ' :   9    >&PO=V]R:W-H965T<R]S:&5E=#,R
M+GAM;,59:V_;.!;]*X2W6#@ &XNDGITD0))Y;+#M3-!V9S\L]H,BT[90/5Q1
M2IKY]7LN*<ER[*3!#K +M!'%QWW?PWOELX>Z^6(V6K?L6UE4YGRV:=OMN\7"
M9!M=IN:TWNH**ZNZ*=,6K\UZ8;:-3I?V4%DLI.>%BS+-J]G%F9V[;2[.ZJXM
M\DK?-LQT99DVCU>ZJ!_.9V(V3'S,UYN6)A879]MTK3_I]A_;VP9OBY'*,B]U
M9?*Z8HU>G<\NQ;LKG_;;#;_G^L%,QHPTN:OK+_1RLSR?>220+G36$H44CWM]
MK8N""$&,KSW-V<B2#D[' _6?K>[0Y2XU^KHN_IDOV\WY+)ZQI5ZE7=%^K!_^
MIGM] J*7U86Q?]F#VRN3&<LZT]9E?Q@2E'GEGNFWW@Z3 ['WS '9'Y!6;L?(
M2OECVJ879TW]P!K:#6HTL*K:TQ NK\@IG]H&JSG.M1>?]!HF;ME-Y1P,2YTM
M6A"FY476$[ER1.0S1!3[4%?MQK"?JJ5>[I]?0*!1*CE(=25?)/@A;4Z9$IQ)
M3XH7Z*E12V7IJ>]H^5%OZZ;-JS7[U^6=:1O$Q+]?(.^/Y'U+WO]S1GR1"&7?
M.[--,WT^0WH9W=SKV3'*4&+Y4-=+AL1LTE8;EE>LW31:,^-VFW?88_(EAGE:
ML/>Z6D)ESJXZ Y[&L-NNV=9&[U;2:LD^;_)F^?8V;=I'L+O7IK6T3AFBGZ5L
MU14%PMUD3;ZU8M0K5G?-R)-CI!D=9S><W;2Z9.*O?XFED#^,?"$H';FLJ@YR
M.6<PD*+\8L)[^W<&+:&+9H\Z;9BF:&(_ZDR7=[H9XL$[98-5,D1=D]]UK4,(
M:S:(8BF4.C5=HTG,;5.O\A:S:8O4J8 U]G1G8+NV9JDQ)!P=@D6MG:M,#_K=
M#<(/BEICE>D7#8X&.[ U+8HZ<\ZA1><8BK*ESG*"+UCQ6C<M,!(RP_;D-Z:_
M 5E)AJINV3)O@%/%(TF3KROH359W=/$",>MJE&G?VW"?80_ -7I:E,OAPE53
MERP;F5:F+O*EI?5)?^WJ/&44'FVNZ3SLE%=9T9&];31I=CW(N?@-KPU(%%U9
M$0L(6E=97I"".?QLC4AB[7%9Y17,2/%G6DSTL?1Y Q>QKMII=L0>VR;'!9'#
M&+U0>+8:UFZ'/=;,N(.*_ ^06$-%XQ0FR1$(\,H&4#W8"X+=PQ+Y7:')V-KY
ML&T KV"F5[II0,;HK&MZB^25<PA;ZPK.+.R!= D S@DVZ";9R6M];HW43UD]
M$<M0\H&LU*;@3'K9^)R8)I^D]=WCX-$Q"YR?2X>M+AN C-EFA$;+VN7$9^+!
MI#H5S*:=^&&7[T.^_#PRGN+)9\MEBN!/N<QO:%?=&; S)\? Y5EL>0Y6)O'%
M/M>M%:GW,9Q>EYJ]83+B@1]C$/K<]P(,E,^3Q,- <!5*>LJ8*RS=/ V0N4BX
MIZ(3-@\\[D4!!E)Q$248"(_+4-B!Y$$@3]BONMW%6,\_YH$03/A<*8\)P6.\
MS6,>)R A QX%BOU:5V^?'OL 3%L#8E K5%_( 'U&VK"JP"<4W%<!DP+22-9#
MY/B,)0^]:&(IMDKSAMVG1:<9@KI:#W0DC_R0*2Z3A*F$1R)D\S#R3Y@?<"^.
MF$M;)]5P(H;0L:]&;L*/0(%F/NXET[#?]V+@<HPH\,8STK)R/JN.&&!>U,:<
M]+HFW/<EF<N7DJ1,2,I PB\"OI00YY=7)-A<*-B;G D_B,#ZD ME78@8\:#T
MW%=P)6;>URG5>E\[ *\-[ZPV+9'@O@@I"KA''I_'1(X.TCE0_&V:P-@?VJ4H
MHFV(  @<83_W$BS<-O6]Q76;J;W>;?J-SD%'%V1<21)0^NIDM!W)']#$D)'7
MTQOL#0M@W(0"'='APRMOF ]Z*L1@+D-8+W*Q>C.D2!+!B)$-Q"PU&Y:65-_\
MX1)[WFMSLA<%E#QA:$D&" A0Q$CXOGLBO@,["KDDK;\'#M[_"QQ"CX=*D,T4
M]T+"A!@QD9!>R//$)SV3&)D@CH"#0M2$% 5*<A7 '_,02.#9@**P#.P@Y&$D
MCH.#)*8)#, C9*N(>0BWD7<] I: @LW[[^"!8 I"GUCO4 0]18@Y("_Q(/PK
M, (H""644T<B93RB"]<%06RA,;&9X/%8R9,CB#'W$\0'#L8^HD;Z8H("B8R/
MHH9 "(>3?5ZP>P/6!/)Y[!@L 'OZPJ8[L"P*+8I#:P?:O= )) @0M*_"#Y\'
M2>+@(_0]FYV!LXH'6Y(I0#Z,Y4OPX2EEX2-,[--&C04'GL3A 7Z,WB(Y8[!"
M9L42NP6%74(!@LDK"$^EJ:U=]G DL-=.R ,<@I *Z#.:5'(ID^<@!"X/>!AX
M-HDE752$6&_(E0FP,^CG,=UCR7O -<TE0%"5P!;'P61 ]P%3!C!18>2@1(6*
M:,<.6E3H@ 4W-S%RUJ'*-E_E60JQJX%+3_ =6Z.I><A1QN;E%O%LE7LS:@U:
M,7P4605VDT>6C]1>;*\U@");5-/TB@+Q::'[IXHO.19?UR\R^7[-=0Q;W^MU
MFCV2QW=U]N\W/U%X#B9VN?7JC8>XBGO+UES"GY19 Z+NK.UF#I$UMJ56PA7E
MQ*[2 KI*Z1(PLGDTP.PQ</4C94E$]IYV%5>(6FERN@?:8PC[&E@,71'7%TQS
ME5CD%R,F3I%PKUBB_T\!>7A^#]8L4ZKY7 %TR/4U4+:K)(;"9QCL5@9,&P;/
M8-IXP'>5T/@>.61[!M& 1!,PZ@'-_G4&L/#B( <E2TA*3JH7E#:QL!.XYJ)X
M#XTH./O(S0XB=VSOARU/VUC7WU,KN]^'(IU_N;R\G71=S?@5:.OJ$4.?%#2B
M"5VH;T^LNL9JO\Q-UAE;ZN$?"7*TM]OAB^FVV\)VN\^W=Q#S")(<^<XQPHH:
M8>73E/ZQKT/_DW+LB?A3)@6"C>X37%(1+DNY#QLH)0)T5(&P[9W/XY!&/JHH
MW(^H<T?1>L_TY 8"/O5,7$CO(/EV*Q^ZHLU7:4G?#_9/CWOC!%5X</!.U0S3
M]G/%Y&, $V'$/7_'4E#1'>_>%=I3!<8#:.SL%O$$9-&)4O<J$VHG0F"JC[9'
M(>B#*"$$!3#9+Q/T'6J2EN@%DN2P0>RGG1_Z(]0SHK(!M)!MP2X1!- !"@'P
MCV+/R@\XB%$.QH#W@U@[ZD*@K2]X$JHG+I34NP;*YG* ]B2P+I1H53PX]OLN
M5"$5W<=<V*^\PH6)%>/@_5D7HE"?N$S$J'4F$:!\,,=]<.A"7#_"-NNA1*LL
MR/.P,M3$+8F0"UYR(&P=!H<.=--[#H25$8.Q9QU(R AWH;-'=X(RD<4>K26V
M#H1//518QSY:+R:_ I2Z6=O?.@S0L*M:]X/ .#O^G'+I?D78;7>_Q2"_U_1-
MK= K'/5.HV#&&O?[AGMIZZW]3>&N;MNZM,.-3I>ZH0U87]7 TOZ%&(P_,EW\
M!U!+ P04    " #M@Z=2T9Q;YH(-  !#*0  &0   'AL+W=O<FMS:&5E=',O
M<VAE970S,RYX;6SE6EMSV[82_BL8=::-9R39DN/8S6U&<9S3M$GCB9+VX<QY
M@$A(0D,2# !:]OGUY]L%0%*N+"?I>>GTQ99$8'>Q^^T5?+HQ]I-;*^7%=5E4
M[ME@[7W]^/#096M52C<VM:KP9&EL*3V^VM6AJZV2.6\JB\/IT=&CPU+J:O#\
M*?]V:9\_-8TO=*4NK7!-64I[\T(59O-L,!FD'][KU=K3#X?/G]9RI>;*?ZPO
M+;X=ME1R7:K*:5,)JY;/!K/)XQ=GM)X7_*;5QO4^"SK)PIA/].5U_FQP1 *I
M0F6>*$C\NU+GJBB($,3X'&D.6I:TL?\Y47_%9\=9%M*I<U/\KG._?C8X&XA<
M+653^/=F\Y.*YSDA>IDI'/\5F[#VY.% 9(WSIHR;(4&IJ_!?7D<]]#:<'=VQ
M81HW3%GNP(BE?"F]?/[4FHVPM!K4Z ,?E7=#.%V14>;>XJG&/O]\'HPAS%+,
M]:K22YW)RHM9EIFF\KI:B4M3Z$PK)QZD3P=/#SU8$X'#++)Y$=A,[V!S+-Z:
MRJ^=N*ARE6_O/X3(K=S3)/>+Z5Z";Z4=B^/)4$R/II,]](Y;/1PSO>,[Z.TZ
M\+]G"^<M</.?/0P>M@P>,H.'=S!X(9UVI.9+JYRJO"10[E+D-Y#YL%8B,Y6#
MX+GT*A=+7<DJT[(0#BL4G,@[48<=>+Q65FEXA%5">@%59NOOOYL\.GJ2%"ID
ME8N7*E/E0MFM1T=#?H9H(#RX^K552I3!MHIL>R<YVCP6$-4IH2&&U:5H*MGD
MFD2Z7_RUO%)BH51%!ZDA>R[H#+";S;%:P7'\FH6R30'K$4^K5DW!*F*=T<.Y
MRAJKO8XK+JZSM:Q62IR;LM2.8\V#P?SB?' P%N?*>L0U\ G1C\,(-E7&*Y%K
MEQ7&-= J?L#CHKC!RJQH\B"::2Q65PV.<9<][CS&Q_%\+%:J4I;)XK&J23.R
M@VEMP4S7=-0'@W_-9I># _']=V?3R?1)T+X,)L^L7F#GXH:/_ZJ5I(?XN<>I
MI,V=>&'PCZF</@%=^C0]>O)J-G_!'R=/#G;O.S<YAPY64=HVFY^G74&B+?$Z
M>\+V.<(\A 2J3*F]#TKQ6UC9J<.@-Y+%F[@>MMN-@#&@62'1T$XP+K2ZPB*_
MA@N09OKV[)OQ"Z1P:],44#&@A[Q(FW"D/YHJ))X6E_=C/(&+Q(*/XDRW) &-
MLI;5S0].S *TWJO:6"_ A[*4F!R-?FF]\T9)&[URMS./Q>M UM2Z(EGA)&6K
M)+AZ441L1V7"=RQI6^9_(#<%H2%E#"UB*;4M M"Z\Y%YM8_4Z=%Y.,.^V -Z
M2*OLM*@_;'1A.A>)A%^TR;<B6@NF4N:*P\P>&E\1N:)I810R+UG0VX8<D4"2
M,^+!.1XL<81&L%A=UR@]5!<LEPUD)YN,]^23DS:?G.Q-!)>=^X/[>0NM.[+*
M7F)4^3UVM<S4LP'KU%ZIP3X.!)O;(8M"T%!LX$@*KH)2!;^O%>&8?BP!E[X#
M""36RBV5M5N^()U3T0^NI-5R44374]@.4X? G0+,;Z\O7!N72,L=(<MNP7&R
ML;5Q"N[_.PP(_((,,+HE"XS3XUR KRX"*YP\BUE@KCXW1DOA8@;Y;U!%*Q6R
M!R$#<9GL;8"?R12A^8U:R>PF[1X<#+L=E%54BA>5NA4N;O&!).]5OC$F%^=K
MHS,&F"3@CL"R5*(PT"@EKRAG6$4,Z5#?S-1!B84:+66IH3;2'M2;>)W/7KVA
M3 G5RL*9;]#J*P @UPK.EXE?1G-X=HS<_0=S)9VI(/4;Y@OH-IEO"#H?"$8R
M' )'?S/_@#2X?0CR5$!19VL"(D<*72'TPS7'XD+BYUT612YG%U<U!0?$MI[^
M23Q\5;37,,+IESWGI4J+0HC95"$5TX+T8P& %,(L"KWJ2I7$ZH.%XPSA;]E8
MO$-! 9MSCNKR70]_A#U4\YI#L#7-:GTK%"=7<JTFX!TH@&+N1<:!251.@=^O
M>7^*75NY*R&,3D$(Z&0 63H62XF%$#+9N>>:VGURI"F#KT2.P4?5DC4%J5#
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M!/N'S@J<(I#+CA! ?=%BLW0C"'ZOAQ/(L6HD<&3QZNTT<9@(IEB54#!E</7
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M91GP^5I*L[]8@'YIO_H+4$L#!!0    ( .V#IU(\C) ]F@X  % P   9
M>&PO=V]R:W-H965T<R]S:&5E=#,V+GAM;,U;;7/;N!'^*Q@WUSI3.@; ]UR2
M&<>)6T_SXHESUP^=?J EV.(<1>H(RH[RZ_OL@J(H2Z)?XKOI3,:D2 !<[#[[
M["Z O+JIZM_LQ)A&?)L6I7V]-VF:V<O#0SN:F&EF7U0S4^+-955/LP8_ZZM#
M.ZM--N9.T^)02QD=3K.\W'OSBI^=U6]>5?.FR$MS5@L[GTZS>O'6%-7-ZSVU
MMWSP);^:-/3@\,VK679ESDWSR^RLQJ_#;I1Q/C6ES:M2U.;R]=Z1>OE62>K
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MCV)-Z V(P\6/DD'6].%9D9=(3:PI0_H1AP&S9@P4^'Z )EZ8Q.NL&?DK(>!
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M.@A]E?X\TD%(.MW^O<M!=$)NL!]%"+8A><J^\B-R#KY/D#0D[G&( C1VMS&
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M3+RXD==3'0^3]PRA@8]C0VCN[($$?@L)_/VUE%6<+\$;H,I _7\H2MC/Q%Y
M$"\6*6D!Y)3FLFK*U<=9L:U;GG<@AK7&<Q\HC%$ 2'/DKE<E,HJU++,E5&8;
MA-(N7CM=+>4';.,XA$\XHEOV!ZUS^:R<B^XR9)<O9;P@2O>=.[C\<-^9_*4R
M^1O-Y-E4=;-5AOD+&>:E;IB?FO2Z[U&O$F1PN=Q3B;O.!DZS\W+'K?>".=B>
MX?L!KFS8K.M1N&C\S+%R)\>-MSAN[/YRCG2]2B4GB#*NC^1B;"^<PD24*05C
M#S1L/Y7IDO(6IMFZ*211CCWV#<]M[^,,VW]B&XZ+3-[V3\4)UA0$75Y]8B,=
M<^D&ML0TQPGWL/T,-9FG&V@$\N5%\4BR</S(<"*'B(0@$T:XLH SB*QG\C>+
M_")U0*IINN-IJ+^#5.GG."6*60$-A%RAUI2^84K2!/[Y5&9T1"@*Q0EP1A1B
M02>! ^YM"TN-(&PO\D'3-VG%@2GY\1PJ/S@0Z6]YB<#%F;&<B1.QZQM)^M 6
MP+D[XZ+ 2*"<:\&.ZDQB 4F<<DTP8P<>M<B-S>#PIN]JW^>+L<YW*+B#K<<M
M'(7.<S705#H?.7RE@..QPH?'#?P[;H#<O\KUG""+JM,<D>AT1VBK.*>FB/4,
M)S"&;+0!L'2ZT"HEND6WM28W,,S0GU+Y5FW="$[&<5^@N">>;00^:4$0&(&+
MI>S1%.0"?K1;W(-4ZQBFZ$!^H'FLP58BM&,.BCVEYN5)<K-I (G<5T^5ZQ(_
M/H F\D[9 3GFW?M/!M,@NHM.8@8/Z6:G0>CR&)<+P95K[-(Z;>HN&#^<89#U
MJCF)P_DJ!HL%%6: J1!11$E@-"/8U*-:2Z+INED0)?3QO'OP0;=E1 ;YX:80
MC,^2,Q7I2MQIP+DL\7Q00;S9,^89I-2>L5\WM"W9 1P,\;A*(5(J):15/5[H
M<*/VK]K@12H>Z'D.61S)G=>YK[(3M# NV(N@/E.%D0#S@_@5=)45W"HKN*SK
M,IUM);#"%A_P$_=UFF7BER1;\*T;K9Q%Q&_8F*90WGX>#Y9]-MTBEKR HNSB
M0L?#J,;#>8\J!3[T;5W6C!X3TK$=F[ #.K8/WYX!'6GLBK=KLI(D'\#]/%[2
MEFNG1%*5'?M%0:QP80C@77+:AIC'648M>CUL,ZC_(W!=G>2"?*%8;)FA9R'8
MEBO6R[RH>_L[,I@.\+IMU/G;%&[G#N[0PUT_?^%-T)^6:X0'$8OGX3EVIO[@
MZRY9/!;%@MP[$LH@).]^8IFV$?K #COR?2IPN.+$!][S$9Y^Y6#4(6[PW%/E
M^^3/;9'&@N;FK9'1QS8M7 41DL;H,)$/4)=%BL7'<W%_>_]E2,T, =BLR#%,
MQWL9M?\\0_Y A)CB$],#=K&).T1PSSI,[OKRPVV?(2<PX;L#($,+^]CD+5H9
MPXWHV0"G#5C]@0>0C#619ON(!K+^YC$$-7P7=_K/%H%%T>N$MA6R.5B%D*#U
M)# \#]UO>P'A<!"@!$0K^^CZ?[LSMA"4H-3(8F4#J"!5NV9HMJ0 S@$*X4PR
MVL(AQZ)U8=!=LLO#4OCY85ZV3#+N U-7YJ+  QQ;0=N(>UIM \8T)J_D_4^Y
ME%9##OC5)E)C.9*!9<(0JX5)\I0&8V1:5@M<B('>8R;54^?I]YOWB-W)=]H5
MTDG@JGW!.FR#=?AC'\/\6N1GSRBR[)]U;_C5*RM=/-H7 W/P=/!!"B('!1,Y
MV:+ (K5@,W%^AO=DJ)6:#CVF]:I[0B3JIPWNS^@DG!;H:8K=G!]Z0C2U!A7]
MO/_+XYD)&4ZH-<51&49/&;S_M8<X$['OF:7OP7Q-.'S_B9_>.Y:_H^[=W#MQ
M3O<82-0:2+175<'%5XCW]_89FH07O-VL$P:%F2D3V$_W( (EI[B6DW</\);M
MY$HA6^6"K)(8^T7SB!3>L7$LAQWGLZN-&H)L]-!O]?!Y&_47L=!'!(ME#+=Y
M%>=?:<,NZ<"GRH^([!@E]<Y!&:,S6S:=A[(9-CF&&YJG(Q+]@+HS-Z7DW0D]
M+C2YCB?N=Z:%^UD":+'=4%B@X@>[J;PHS'?/-BQQ5::+90,%$?]=EX,X%2HF
M< X?BM*>\MREU5>H8PX9<+;>R^1)52-@3]OFW0BI:O>E(([7C=QF2FZQ)C>N
M:'!A(O ,SV=A.(%AFLZI5@K6_8NJ+^T2>0\8.U; \-@Q?,<_?998M+-N>C'4
MM(&O>]LW?3K.(71-QTA,>W)/@1!\&W#7]M'7]EX$'T=@T>G X@3,O4V6\?QI
M L+3,)^ ^XD332/D9LSUJ@!O_:&JP.I'@('3X'\/WN?Q%J1R8KFV8=&J^@2&
MXT<(WVD1?N@;7$6>X&  ZF4)FLK./IV[\E^,K<=G?!P^'V2$5&,^:!>M(GF1
M85$9[AJ3IQ(5?)/+:RN$X(&>B^A/30./IO)(6Z1%:=NE.8]Y8Q@T)1=HS9#5
M/PQ,:8]R&2HA936BN[XO,T=2VO %J[$(_ON*I4+MD$3A[JE.V46NTWJ#'2&B
M2=6E62. 6Y$1A Y;KV4;+CV<&"00XZ73YM5CFVO/Z<P2NL,G7V(ZG";Q6[E[
MP7Q AN]P<*10?%879RHDT\ Q'*1XJY<)1^ZOV*C\2-4(/Q[RCUVA+IY!7\;
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M?HR191N3UB-K57T3H-T^M@&2@6HS/F9W[,*[=-_LJ/M"PX]M7[M=)A7A,&A
M]B0+28.S"]U_56@T;K$MM8I 7=5QKH35!X]<UXG%$K01N(I45KWY".()5;;J
M^*L$*X@+2B"(9(_=\'6\4/)27#;G%#=%D9V>3[Z'<:']"Y%U4B[Y'Z50+@OJ
M\K^)M+^V_XSE4OX+DJZ[_$\N\L7H2F3) X::B&E'HI3_'$5^J8L-_T.265'7
MQ9HO5]"_I*0.N/]0%'7SA29H_T7-V_\%4$L#!!0    ( .V#IU+][2\=) P
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MB >PG,\D.TOS LI3,LH5Z?I,@)P!+/K,L07=6A94;KKV.;M=&T++"J)IF$U
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M]3<*U8\RG^N_"[C/RS*?Z=LID@:I: #>C_.\K'_0 LT?BKS]#U!+ P04
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MA7SC"OERUK#?&[6]A92=Z5:!9TZCOMU6W%Z)>1C'I,PJ-G6 8:"CI@@:W5?
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M+>RI7LL&3Y;:U,+AUJS&=FVD6'BCNAKS,$S'M5#-8'KF95_,]$RWKE*-_&+
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MVA3'S%XHT"B&LUHC,;2&5:U6$E&>@M)#H$ "WTM(!&$+QR9A@'"APQE'#5S
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ML#.KYOM&\V#DRGU3F$MC9.ENEX)C@[0+\/U"2M,]6 ?]1Z:3?P%02P,$%
M  @ [8.G4LZ_;G&B!0  6 X  !D   !X;"]W;W)K<VAE971S+W-H965T-#8N
M>&ULO5?K;]LV$/]7#EX[) !CBZ2HQY8$R&/%@K5%$&?;AV$?:(FVM4BB2U)U
MW;]^1\I6DB9U'QCVP=:1NCO>XW=WXO%:FSN[5,K!AZ9N[<EHZ=SJI\G$%DO5
M2#O6*]7BF[DVC72X-(N)71DERR#4U!,61<FDD54[.CT.>]?F]%AWKJY:=6W
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MSJ((?QG2,>[RG"/%2,HRPH5 .B$L2XD0'*Y:IXRR[DBW]0:*AZ=F-$<AEL;
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MA_Q$I\1C%B1Q <,"QHHQUF$01R%<GV(_HFOZD;))$KZCU(GE.]XSRN,@9!F
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M_-)M3FY!;8$[KP:$,2VIM%0E#98,'V1.Z=,M\2T0PKX4>0G$%1BTMB)="KG
MBC3TP0$91Z1Q*_)3DP?JU_P9N"R@:75>$L/F O^^;BIU0(0GK[8ZJAR]666Y
M\_&.3:G3J\I?6@M4? KB5/T0N"&W:B]!2 ^Z516]+$+NP+J&'8#O6T@F@P1^
M_67"DN0#+-W=%U9TL?['BL"ZU!3K92]_%PST'B1IJ=90QJ8/CTAM(W)+BEV&
MRX[H'^2?I2!O'W&+6G\G7*'V3RV5XI7\&G>P=M21HL9<[>0;A2<N-[@34CJN
MB(8&M5!$-V2C(8UIF UCFI-Q.!Z-G#@<3]V!)Y%]H!4;AR/2/?*WHPM#@9V.
M69B.8QI'P^2;+)L2#"/YI0V53&]1V-;U3H_UH9=-$S=F<?]L>II[29@,T_X)
MX%5:^.+62#JC,=FGL1L3"M^C348TCC(:6#AQFU?\_%!]QP\5V3&S.C&33C-/
M1)PPQ\PDC*<=,RR>.('GATW":9S!SYZ*Z.)AKE'O_/=C*(E6VNZ-/DO//]RR
M>]B_J7??(W4>U<Y A5LRC0?C+ #=?3G=QJK&/_,;9>G3\,N2?FG43H'.MTK9
MT\8Y./_[BW\!4$L#!!0    ( .V#IU(+:1A&>P0  #0+   9    >&PO=V]R
M:W-H965T<R]S:&5E=#4Q+GAM;*5636_C-A#]*P-W4=B 8NO#CN6L8R#9MN@>
MT@9)VAZ*'FB)LHA(I)>DXNR_[R,E*W:;.%WT8I,2Y\V;-S/4+'=*/YJ2<TO/
M=27-Y:"T=GLQF9BLY#4S8[7E$F\*I6MFL=6;B=EJSG)O5%>3. S/)S43<K!:
M^F>W>K54C:V$Y+>:3%/73'^]YI7:70ZBP?[!G=B4UCV8K)9;MN'WW/ZVO=78
M37J47-1<&J$D:5Y<#JZBB^NI.^\/_"[XSARLR46R5NK1;3[GEX/0$>(5SZQ#
M8/A[XI]X53D@T/C280YZE\[P<+U'_\G'CEC6S/!/JOI#Y+:\'*0#RGG!FLK>
MJ=W/O(MGYO R51G_2[OV[#0>4-88J^K.& QJ(=M_]MSI<&"0AF\8Q)U!['FW
MCCS+'YAEJZ56.]+N--#<PH?JK4%.2)>4>ZOQ5L#.KFZ4MANH3]=,/@JYH2LG
MD[""FX!^05$,']BZXF:TG%BX<T:3K(.^;J'C-Z 3NE'2EH9^E#G/C^TGH-ES
MC?=<K^.3@#=,CRF) HK#.#J!E_2Q)QXO^:^Q_WFU-E:C4/XZ@3[MT:<>??KM
MRKZFY6FPAY)3H2JTD$.R+B6$)C1<6D,6+S-5;Y7T6U50[WO=^68'697<!NBG
M3&FDA80DU6C82Z,JD3.+9\;BK]Z#"0EP3L-*&3,""^T=VE)S3G6;8>XR3,A/
M5O8)(B9SMPC'Y$N(HL4XHN^_2^,H^D@GU*$'#WU8/ ?0P\\2!U1C  \ZWI/S
M0G?<B!R<!:M.H;=5_:ED<@-7B+Y@0M,3JQJ.8"^.8"K%) R8/3PTC$;T@8;Q
M(HCGB5O.@\5L1@^:Y<Z3X5FCVSB&\8CF<1=S_)'NA'E$[TH0<^+B\M#BB;E;
M"6<!E:;!XGR*913$B^F(?H7.NI>?/^,B-GSD$TA#O(^",$XHGJ7TH"SHZ@/J
M]3L50.=1,$UFX)@$88J0KAN#FC.&;AN]58:_J^'%"1'O<;[B9P6K1?45O*0]
MI684!O$TI2@*TC!]5Z4D2!'Q,(Z"69*"MQ8Y2+X*#H&F3L]@D?Q#SD[$V8C.
M(6*,'*;3I)-QO5=BVRGQKI;@$LUCP 5(].C]ZOM :1R<AW-?1TAZB$)Q0N [
M<Y3$+BA0KIH<X6>O"NXZDAFC,N&;UQDYZC@,[JX)<6#'--J:5?ZBJ(7US3WV
M#LV)7'V;9R$M!WU+&EM 9(_'WEP_W/'^VCH VL/C,VW_W4>V1%J9AO[<O6D,
M?#%#)<^=C55=M?AK"9/%XYE59^X?2FL4DSGDN!.V]!?>R6;!S(,8,#4XULD1
MZP[8\?8G7K@71Z7J2>^@1\OWA>7;E$[30 5?U:IQ') %6PI#[BM! E?U/E&D
M?(T7N#Z[:Z/0JFY+@F5?&F&$A_-EL=7J21B_+7SA]473737!_A,#DBCSL>^7
M_\5!:;$1L@OIM6_LY&"2J;G>^'D-Y>=\MD--_[0?":_:2>CE>#M/XI,!7R#(
M"YB&X_EL .W]C-9NK-KZN6BM+*8LORPQUG+M#N!]H93=;YR#?E!>_0U02P,$
M%     @ [8.G4H% >'WY @  /P8  !D   !X;"]W;W)K<VAE971S+W-H965T
M-3(N>&ULC5513]LP$/XKIPQ-(%5-D[8T0%N),B:00*#"MH=I#VYR;2P<.]A.
M6_[]SDZ:M1*@O<1W]MUWW_E\E_%&Z1>3(UK8%D*:29!;6YZ'H4ES+)CIJA(E
MG2R5+I@E5:]"4VIDF7<J1!CW>J=AP;@,IF._]ZBG8U59P24^:C!543#]-D.A
M-I,@"G8;<[[*K=L(I^.2K? )[8_R49,6MB@9+U :KB1H7$Z"R^A\-G#VWN G
MQXW9D\%ELE#JQ2FWV23H.4(H,+4.@=&RQBL4P@$1C=<&,VA#.L=]>8?^W>=.
MN2R8P2LE?O',YI,@"2##):N$G:O-#3;Y#!U>JH3Q7]C4MOU1 &EEK"H:9V)0
M<%FO;-O<PYY#TOO (6X<8L^[#N19?F.63<=:;4 [:T)S@D_5>Q,Y+EU1GJRF
M4TY^=OI@<]1P*U-5(!P_LX5 <S(.+4$[@S!M8&8U3/P!3!_NE;2Y@6N987;H
M'Q*EEE>\XS6+/P6\9[H+_:@#<2^./L'KMWGV/5[_?_)D,H/K+;UK@P9^7RZ,
MU?0Z_GP29M"&&?@P@P_"/%'39)5 4$M0/B3W(=^[T4^17#.>FY*E. FHVPSJ
M-0;3YQQAJ01U$I<KL*Y:X$^E-4#A@&*52GJ5&#SL,: .2I6FXI .JM)D*HT2
M/&.6]HREI=CY-1['0AES0@&UQ[:Y1H2BKC.Z.@-5*<W;,OE[):'7!?^02.Y&
M\/5+$D?1!1Q4X-EC[;^9/:SC6TD&JC*$1_$]M(.%^Z?Y(;<.2)I;1W!Z-J+O
M<=1)>F<G,.?F!4S.-.ZLDR2&T>D0OM_<S:X@926W3%#2*GV!C*]YAH[Y$(:#
M$5R_5MR^D><:C757L@/QB<07D P2N%-, FYM,YV62 ]I$$>M39TL\8D2B#O#
MT>@P_2/H=Y)!G]:X<Q8G\-[+"_>:ND"]\J/+4-DJ:>O^;G?;Z7A9#X5_YO5H
MI:M=<6E X))<>]W1, !=CZM:L:KT(V*A+ T<+^8TX5$[ SI?*F5WB@O0_C.F
M?P%02P,$%     @ [8.G4@'62YL!!0  '@P  !D   !X;"]W;W)K<VAE971S
M+W-H965T-3,N>&ULE5=M;]LV$/XK!R\8$D"Q+=F2Y38)X&1-5V!%@S;M/@S[
M0$NT150B79*ND_[Z/4?)JELD7?(ALD3=RW-WSYTN9SMC/[M*2D]W3:W=^:#R
M?O-B-')%)1OAAF8C-=ZLC&V$QZ-=C]S&2E$&I:8>)>-Q-FJ$TH.+LW!V8R_.
MS-;72LL;2V[;-,+>7\K:[,X'\6!_\%ZM*\\'HXNSC5C+#])_W-Q8/(UZ*Z5J
MI';*:+)R=3Y8Q"\NIRP?!#XIN7,']\21+(WYS ]ORO/!F ')6A:>+0C\?)57
MLJ[9$&!\Z6P.>I>L>'B_MWX=8D<L2^'DE:G_5J6OS@?Y@$JY$MO:OS>[/V47
M3\KV"E.[<*5=)SL>4+%UWC2=,A T2K>_XJ[+PU,4DDXA";A;1P'E'\*+BS-K
M=F19&M;X)H0:M %.:2[*!V_Q5D'/7[R66EI1D] E+4HX4,Y;P9FB5W>HO),N
MHK^,T+0HOFR54R&75\9YG+/2.U])V\O2\:U8UM*=G(T\T+&/4=$AN6R1)(\@
MF=!;HWWEZ)4N9?FC_@A1]:$E^] NDU\:?"OLD"9Q1,DXB7]A;]*G:A+L31ZQ
MUT;Z1A>FD2'T/NA_%DO.6N'__86;:>]F&MQ,'W%S99J-T5)[1V9%3ZC/ V5X
M*/O/\6JVEM8'GL6/GF7/C)J9(0Z847QGA@F0]K*$ 4(XP9^5DIJVUI)K3:A4
M4?6E"LJX&9.PDC!J'&!!2NF@OS(U)HG2:_),M2$%QE$2#V/Z_;<\B>.7].P<
M/HOCMR&"0[8>1'#\1D/ ;!T4W4D;4 CF*96\5G<P!H+QLP@PNOS1$<5QE(]3
MOIE&63ZEA=9;V/LJK H9^$$MSJ,LFT,'@>GUJ9>V00(+I(0=BIVP96_Z.#ZA
M:12S>#2?IX=9.+6R%IQ\B2-__S"TX^0$FDF<=-</]\[+IN5E8;3#@.1R)=%\
M-J-)$'FW6JE"MFPACBO'ZQC715&8K0[RK%[+-4*<Q5.\3N(,1;$;@ZSM5;-Y
M3-DL[BH41^DX@V0ZF]"M\=!\2M*GDRA-421D+$\>X0$SJE&./T6,-\DFN,[R
MG#ZB_'9G54"\#R?+4[YF"=U:H=T*T!A 9>KRNUB&VJ23K /ZB%N&-L=UGF<_
ML_"U,>5.U36I9B.4Q8?2]Q4)?9"\I!PQS5#0QEBOOK550T-LMF K/F5]=97V
M0J\5LT@X)X/C'$F<1I/QO'.<)!,P)4JS^4F'^2= TV@\SV@>1],X?7KZG]5Y
M1Y0B^:@QFB"!OWP2R'O]U-'" ^O_N@'G];9D9Q-\<.NZR]G^-8^QH. (B?*U
M#+V'V>0JC*M^>J)1@(/P_2X^ATB.XF=9*X2KAJ&SGMN-K8PC;RA%_9-L?  -
M/]ZJ@FVTT'PE/.TD!BW8O<4QU!K9+*4-\N@W^0DZ6#DT=K1 ,H'.#J[#A&4I
MSCTWND(OM&# R& *;YH0).=D3[M.15GFG61(CD/>^\)$A[TU.L=3R:V^ KTQ
MYNKM7C-$^5,@719W0'<4C_>YCFA7*1! .5I*[CTK"[/6ZAOT(/E@ LU7V=%I
M9T[OI8!O.&/EC;3*X,.&3QXQD7GC.^4O*2^&*@0A,+]L*< M+'*^HM>+Q<WP
MH:U@=+"S-=*NPV;*B##]VO6M/^V7WT6[\WT7;S=G<'RM,)=JN8+J>#A+!V3;
M;;1]\&83-L"E\=@GPVV%!5Y:%L#[E3%^_\ .^G\)+OX#4$L#!!0    ( .V#
MIU+6RBX$X0(  '<&   9    >&PO=V]R:W-H965T<R]S:&5E=#4T+GAM;)U5
M36_;, S]*X2'#BE0^"M)FW9)@*3IMAX*!$FW'88=%)N.A<I2)LE-^^]'R8G[
M@2:'76R)XGM\I&AZN%7ZP92(%IXJ(<TH**W=7$61R4JLF G5!B6=%$I7S-)6
MKR.ST<AR#ZI$E,;Q>50Q+H/QT-OF>CQ4M15<XER#J:N*Z><I"K4=!4FP-RSX
MNK3.$(V'&[;&)=H?F[FF7=2RY+Q":;B2H+$8!9/D:MIS_M[A)\>M>;4&E\E*
MJ0>WN<U'0>P$H<#,.@9&KT>\1B$<$<GXN^,,VI .^'J]9__J<Z=<5LS@M1*_
M>&[+43 ((,>"U<(NU/8[[O+I.[Y,">.?L&U\^Y<!9+6QJMJ!24'%9?-F3[LZ
MO (,X@. = =(O>XFD%<Y8Y:-AUIM03MO8G,+GZI'DS@NW:4LK:933C@[OF=/
M:*!SSU8"S>DPLL3I3J)LAY\V^/0 O@MW2MK2P(W,,7^+CTA+*RC="YJF1PGO
MF ZAFYQ!&J?)$;YNFV#7\W4/\-W*3%4(E"?,N,F$,K5&^#U9&:NI)?X<"=%K
M0_1\B-Z!$ O,E,RXX,PWFBI@:9FMK=+//NZ"602KX*8HT#=A:_VHWL=CW9<(
MA1+T+7&Y!FZ T:?Q/KPE)]-**#!'S00PF7LK::'PFA;&J5*U!FR5[8^ 6:"K
MR,KV+CR>%G$(OEL@3<,$/G\:I$GR!?Z_!N_#O-G&\'6G_B4?+R]-PAA.]J^E
M3^NMRQE(FFDD9,_@4FL2A4%X3JCF.>-DTR@S*@>7SLMGUZ%.,:=D\>U3:%7!
MM\EDOC=TDC3LGQ*\D_;#2[>X+IE<HZ-X9*)NRL#<13&BADXWO&C<&]B,/_(<
M96Y@PWA.<R2OFS%%#@/GD%!Q3SXJ5Q)[V6G8A9./FC=Z-0PJU&L_\@QDJI:V
MF0NMM9VJDV:8O+@W(YFN8LVE 8$%0>/PHA^ ;L9<L[%JXT?+2ED:5'Y9TI\!
MM7.@\T(IN]^X .V_9OP/4$L#!!0    ( .V#IU*^_'9US0@    8   9
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M.WH/P)^Q".4.+$M,0'%8W8)VI[2%!AI)^R+\B+FVMH4/$T>A.G7KE0B^)%>
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M=VYR&@O]6(UGYF.X] CJ_>3F;G,+__2MZ0@"U0"!C\P\^C'E?]'//E%_+*1
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MGO?F/3PFZ[5YL@V (\]2*+N,&N?:&TIMT8!D=J9;4+A3:2.9P]#4U+8&6!E
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MWF-?,PSZ$#C=AN'::X>C&I8-_AO ^ +<K[1VQ\ WF/XV^1]02P,$%     @
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M17EV5MXHGA6G24NN%$^*RXB2D H] -ZO.%>[&QV@/L$<_PM02P,$%     @
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M#$,Z:R,,=[B;0\^O\OGOJM=-,=_6NTJF;!HU#LZ.P@WZ.HJM#G NE&,MS]I
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M'3$2JG(BXY4*-U(2[KNM$!FJ8Q0E.PX-[+X1/K15VC<8N)%271B^*\.0'Z.
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M79^0C''A<6F)@?N1\6,!&;MPP%PZ( 9D<RH5XZ''ML4([N?(#P=E[%("= [
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M?'=R9G=19K?UX9,O65EFV_KC1D<KG5<"\_TZR\K'BZJ P_FEL_\!4$L#!!0
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MH$:*>/[,X.(.6+'5Q<M$+HJ-RCRAR+>3>%I'[:8P,27;$8K=< B$0\;(-PP
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MLO"8^9:6A=< AU?'<V^_IKJN1QUH03%0ISE06,02(S6 MY_ "I\+.P$7<NA
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MA9W=J-T%>[Y0RJPW+D#W;V#R'U!+ P04    " #M@Z=2L@"[ED<)  !\,P
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MB^*@J)DNDD=5HP2IP/EHJKB"J_@+_QWJ%O>[1:93PHZZY8=Q2F@<[I78]TJ
MDCZE>O%@;S-[LZ?VJBA4&E(HO*:/+P0_ F/9<1G(O38)7O8'/ "N_7A?6SST
M_*5=%6]/(EQ/QTF,O01(BF5\E"8_"HM(DG">ION>34%%[Z[N4&),I1<A85.O
M2<$D9_+XK@G$3:.(B@YQ.'+#0 3*<_@>/V.]@?_8H1PXO?A@N,$OHR1VO,4$
ME'Q5&7O$&+2IBDUN[!63JRP\CA O;0Q+@LGQ#1(,I()RVI%?QW0,0_W&^I!D
MJ=9)^@W02?WFXREG_%AF(&Y*2#T*!E4ZI&.8Z<.''NSSFPI&_8P&XABSXT^'
M5 =Z#&/Z3A>/R5P72"T>K6?1UDP\6N7-11L4[).91((3+[>!.(KM:>@0[!B.
M88AWC9?8I[*<^J?<CXICW)5%!V\L05&_?IW7=U"G-NF?/<*$)RX09D]RQZB'
MW6" 88K?K53M+E?YV@[G&_M<8ZUI\[20;^I_8<D^O1F/"3V6' @CC$4=DAWE
M,8SY(0;D&OL8#YJ)0!S@)HB#/8%A/\A/S':5#+,+Q(T !,,CS6\?KZZ1?;"9
M?PGE9E>ZU><H.L9*7U1;VX&%ASW\,#-#'/4)3/W!=N::^$@/69- &.!-B ,_
M@<$/NQ/B0SQL3T*!D#\A#O<$QOT ?X+^M9]-LK"'ZR?8C_XHVV[;D9N(EWD6
MXGA+8-X>"NRT <3'*9,1COV[(!!(V#3"K"/=CKP$)N^P='_4CSI%&,J, R>9
MOO#QV>&-PG@;;@RICSCOX1D*:0MT"*0P @>90>HCSM,&A;2U.012V%6?,/O@
MFV5/(!32%G@P.P(S]53C1WUD>C*AD+9,1U3Z?=,CU$>D)P<*:<MQ_*0P/WN,
M'O5=KZ<*"FFK<F2EL"?^'H-'^^<YP)"V5$=N"I-[D+&C 2!'/K<#83@FHDNC
MHS:%J3W,U]' _$:GKZ,.X!1VOCV^COI>UDL+%-*>HW1C 8M^@*-C#MT,1O=P
M1\=\.-,X\BQ3( QS-NUXLF..XPSF..SH6#^[P9"V*,=N!K/[)%MQHI]C!Q/7
M[&56@SFL,ABK@_P<ZX<K&-+6YN#*8+B>DFP"9<,QDL%SP?V)=2AC,,J&>SCF
MX\S++A32%NAPQV#<#?)PK!]Z8$A[#<1!C\,&>+B'X_T&& QI"W04Y3!%3_5P
MO-\+@R%MF8ZA'&9HEUOB_?0$0]IR'#TY3,\>#\?[C2X8TE;E:,IAH_L]'H[W
MFV PI"WU8''PY:N#U]Q'<2RGPM,76!"<3GG'%#QWU.8_8*UOQ@<[7.[HS6&'
MVV/@N&]: Q-S?5%M;6XXX/$/L''<T9L/GJ;ML7&\'^%@2'O!UR%<P B'[9OH
MQS88TA;EL"UZIFY/<10GVC?AJ"Q>N-%".***OJT6 ^R;Z.<J&-+6YK@J8*Z>
MDFP*9</A4? 7)O9@PP),L>'V3?@D"Z_-!@.!M5GAP"=@\ VR<B+P:!]:FPW%
M 6NSPB%0P(YXN*D3OMT-KLV&XH"U6>'H*F"ZGFKOA _0X-IL* Y8FY6.MA*F
M;9>EDCY$ VNS@:CNM5GI:"MAVO;8/1F87PBLS8;"NM=FI:.PA+WQ]]@^&=A>
M$5B;#85UK\U*1WLY>#6NV_[)P H;%L<KLZ$H'I&NO50.^A*&_C#W)P=[8^G@
M+WL6V&#W)_OG,,"0MBHWCDAXZ6V8[Y,'F]4&S^+V^#X9V-/ <22..QWPNYU;
MZASK)<QZV/U)G]OAY=A0(+0<*QWA9<]D[RGFY$0G&#MLQ_#D;J]AB1UL8QBV
M@YS@KH[#G;3AA=E0(+0P&]?8;1]Q5(MAJH6W.E[UE/I?55C(9"9/DX4%S0+=
MJ[09JINMY,:.V/.T6CR#LMX;WHI^5(6]?=)Z9+>4LF,[JG/7; I__?-/,2'1
M+Y\__&J:C_B7-ZA<J1+-E1T=,FNR[C6JC*VES*V3*4M;37Z?)@_-^-&T5:ZT
M]8QU#<V>\X-;U5/2!"WS CVMDOD*S>V@E)1Y8= B1UE>HI6R][H=G?*JL%7:
M%F_UXBG/%^CWHC+E&'W(YF?(%D_J_>W+I6W&5FO.T+L2W:C"UOB\P[Q1,M-S
MO;ZWSN9YX_BX*T.-KC(OE24Z>B7'DK QB6A3RZMXC!D>1V(ZMM+,1C<O/Z3?
M3FBU-R7[IL581FP\9;NFI6TZ'C/,CIN^TQK]-[?FDC7I7%:%/0L%6B1F7IGZ
M-8^ST(TV.7CU8*V+A^85#F/U5%FYW?*^/[I_3>2J>9OB^'A,WE[')/"+O93M
M+\W[$1/7Q/:]%)NLA\1>,ZE>VN:BLWH,*K:O>FR_E/FF>?GA/B_+?-U\7&FU
MT$4=8']?YK;+NR]U _L7;B[_#U!+ P04    " #M@Z=2V>.2KU\)  ":/@
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M%#YE!J*&!5%+3MIUY+E5+85\3O$4H:.0_*E[.?$"Z'8MMC%AW)==&<5BYLG
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MC'$3DDV]V!)-:' 3<@TGO7(?%LMELNSC==>NOCMU8QKL@F($%QIL@5RCBZN
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M4&0I8&1I;(XL]0')%+*K KQJ4U#NW4=@:HQHHA Y59'#R:'!8P4MMQZ%L*I
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M(E1I^CRWE4(!TE<)J&\,S65K!N17%:'Y$$!>53Q9/BQ.\Z%*Z;FV:@[N)?#
M$33W,6D A%41FA8!_U7%DZ7%XC0MJE39GI]5P! K 2+^T-S4E]^3B^:_ZT5;
MCQXIUFD)#7^ ^ZK")?QYNO*^S2-HJ. RM]:@ =\2>.&]5,G;VT5_[8T=)+"_
MJ@Q-<0#TJM(EQ7DJMF\3ZU0H7>3*]M2" B)8E5$FN8'M51+<.QS0XKKWB<MU
MMZO?M_@ZMZ-DAU;Q(+7.T]12D4,!%*S*: ]0*V"#51DZP ':5PFX[[0+(S_5
MK,^>E-GZ$K# *@H,K$JLW"0\:#3QPCBMTL*D1BX,\ L!#+YHYS>SYMEU?=?.
MOO?BSU?U3%X) 0I8"1BP?(D  JP$!GC2);)O$]V6B)2RJ0<LL!)@8+MZ499#
M@ Q6 AKL(#.XA< %G\KL6!?,YR%'!7RP$@#A()WE 2\ QDH@C!UT!H,1\.+)
M.AL?@[3J#/XD,,<A.OL,<BLL3A<X^:-3K##G,OGC+;CVHI(U4,E:H))'!;]H
MYNVB2R[[>W>[.LS_.!4@ T99"XRR@[Y0@$[ DR?K:YSF26W3Q1HP92U@RI,4
MEHL- JNL!5;906$H3"=@RI,5SCT5AAIV JX\16&?:H0 -6L!:G:0&LK8"3SS
M9*DK/ZF!:]8"USPN]?KSHKMJYQMOGN 9"NMG!L[Z:(">M0 ]3Y5YW^PCF6V!
M4 /\K 7X>;K*#D5*P;D$*MI!93 A 8B>K')F4%EEE65B30,8K04P>K+,/N8!
M$+46(&H'O<&)!'YZLMZEZ:HF^V4-?B9PU#X^O;Z_7W0K-^/ "K\"9BU+C%5\
M!<)ZJL1&SIIL@[FC,L !:= JL.P96 %8H*\=! 8#$L#KR0*;8J!=8# Q ;^>
M)+"/6V"%8('2=E :K$< M"<K;<2TK4J#?0F<]JC2O_XKN?)^-DUC 6$!X):U
M!79;"^SV5&V-!+=C02P-1+<6B&YOJ67# ,);"X2W@]18?_QIXI\1\;9*"P8F
M(-Z^TOI8!<#@.A0&UP"#:P$&GZRQ\6E5VS .<' MX."C(O]S,7]VF.;^W^W;
MC[8+I5>+V:SN/#@ #62X#B7#-9#AVHD,GR!W=3)E7UKJE&F@PK5 A<<06_8/
M ,1U*""N 1#73H"XO]C[9H]6!VU5*330X5J@PR.H[?7:!7SO0F@V!%!<.X'B
M$V3/3F2O;"^Q $A<"Y"X4 U$ ^>M0SEO#9RW=N*\_1:?#FT>+3YII3-M-0/P
M)H[QG)L&7%M+!8\GK4\>6CU:A,WMZY,:F&\M,-]ONO;J1GXV2P.RK;/0(0_@
MUEHH9CSIHMBW>?0V-IUS:7FYDP9B6PO$-NHUJ8:$SO!M+:$#&^"IM5"W^!&
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M8@K8:BVPU7YZRCX $+462BL[Z FF(M15]M73^$2^Y3$N#=2U%JAK+SU].CZ
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MH4W'\1:PV"RQV.%2RSX,.#87H3$,(&H62G1/DKHTAC";U$!ALT1A!TOM8\H
M8W,9FLR G&:AC/<TS8WOB;3=]P"]9@F]EC6?$-: M.8R-*P!(\U"2>\)VKXY
MM/E(6YM+ U_- E\]15O9*X"BYC(TOP'_S$)5[VG:&M.;35M@IUE@IR=HZV,.
M0$IS%1KI &UFH=SW))$K8Z"SB@Q6)6#1#B+_??.['>]]] DGFP *FJO0< <,
M,PM5P"=9<.53A(6!?V:!?PY3638, )ZY"@UY@"NS4!-\FLK&EQ+8!A> .K.
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M9M*@.;IAAM<7*!N W^=2FLW$;E!?B,._4$L#!!0    ( .V#IU+175&J9P4
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M]1T2A3'0W^><J^W )*AOI9/_ %!+ P04    " #M@Z=2^1EI-4H$  "9%@
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M!\Z";^I:S#]!:L;N$K$,$A5!#%#V<]WM?5,GE\6+S,(ZL]"96=G^,B6P>=:
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MAO@Y<Y%G59V9!VE4-0BU1W@#M03@44:%K>3X.277;='8(OZXR3*,P$-<S8"
M_P+3Z!%,I2KR8R'5I'"8&9H!",*$]L>718R&U)%%)!IGQ(^SOG=1OE$Q0DZ4
M?UP4TN=LS  +H;[2%AD'XHA&''D%Q*F/RSA3_J@.H:[D1,;WT4U2L^C#CX4J
MKU9MOQ52S:@"5+,H4]T'QM&C"L.BL@+CA?0,%JH12?<:D50CDOH1V1\4[A'M
M&2#4DA3L#Q";C",C334PJ1^8+Y^3[0VZDRT(!0_ZVIMB#%'J&.%4HY3Z4=JF
MG#?,(*W?I+,#1?=Z,&K^T8%LX7/VRBSA$2&XD[IL]\HL*4(<$N;(4E'-..IG
MS"Y2G-1,]G$>AGT33"D,0]?V$M5DH[O,"%(33X08Z4MJ20H2SJ!KRFN*43_%
MSJ;_6ZCAISQZLRP";Z(21& NBXE2^*U587^% 3^&T+?<H9I7U,^KR_BG6KQM
MJI:_+HH'U HTC +XS^S<M?=9R\DX,RV!9E#@9]"&"_3 C+L89K2_<S@.3-(P
MBD+FF">!IDW@I\V0LU:$_!QG<;I(?=VFV1#L=7HOT'P)_ %6=P_U9J"-#D%>
MQ'=J?99T8H(F798VIV&L4V7@_JPMZS.F<_;!SZ!-.CGZ.=3)FAX!V^M.UI (
M_)!X_4[VWQ_3#7I94R3P._T->GFG^S.!9D@@]GE ,$T5YJ?*=JL&9J(CH/WS
M3*W0VJ(!,4=:A6F^,#]?[&<!?8V@D<#P7O>6A@GS!QJ74JJ[3O+4FDAJ"Z\A
MT]QJ86:*SKW1PC0^V$[R<\Q,NRFJ8S/K:14DC 2.TT-,LX'YV=#F(RZ7^8BK
M93[BTW*7[_?:B5PJ)W*]Z1D5UCG0MM>08!H2;+NC:NZ4 3/C@WZ\,[;(N!9Q
M3'M^YO?\VR2OF;EMHR)+Q/NY#8L<)I2&+F4U#-A 0+'AU!"6D,QR L(BYSL!
M$6H6A'X6;)NX'JB.'O-^ GIIP/;EU@W2R B'3L1ME+@>J"5T)ZX'2O+!Q'6H
M&16^=I(LM"3)1-C?%[%(.=@0:FR%?FP].V<=FD3KNQ>+B$M?S;+0SS*7=W%9
M8%7=PB\.^_ME%BF7]IIOX<[YIKXMT?(ED6I%/05GI:)1DM3Y]2@Y!-<S12#P
M518I&,L;7SXSU#@,]QJ'8>?@]BX3:Z$%B30DI-_QIABAW2.=Z\IJ,(9^,+Y"
MYW_*5934]/UTH.\U$<.]#H^X1B+?97C$S? (8XYP?Q_"(H<"&H8.@G,-/.X'
MSO-Z_[4VVKB&&]_K (QKDO'M2/:LC39N(DOT1X@IXMJ(Y1IK?.L0;<LE!#=Q
MQ3CO^S:+5(BPXP0(UUSC?JX-4WE+8P)S/<2,]9!%BB'J"$*YIA_W[S<9V8S.
M8RN^!2/7V.)[?4"/=YY(VNY$@V?BF,<3,!3]%:%%"H78$<5QS2SNC^*V"3FY
M&:(Q+(1Q2,0F1T5 '/MK0G-+^+FU8<@I3!!9-V-L<I[-&*&!)?S VC;D'*@N
M/!;$&G(.E./'4/A"3J%))OQAVH8AYT MJ D<K89L7W#=$HTZ,9!K?#$MA)EI
MQ)!B8W!9S@SRP/7\J-"X$W[</3OJ%.9S5$'?R5AD7"Y&:,*)EQ)N..X4)J]0
MB Q&6\0(@8PY3-!<$R_@VN["3*$Q*/8:@T)C4/@QN%VH(4S("0A%?_5B$\."
M.!X]$)U'</TP?%$W;QQ0(MA]2G>OS^HAV'E.%^[R0/M3;6OK5(QA8#P99Q.D
M% 6.WD:P\U@O'#@T,=#?KQ5"(MAY!!CN]4D+!#L/ </MT/2L,/+I)FLYI/ZF
MQH!0SX+.$\'0CZJ7KPZ>[K!.*FX9UA94"36L749TG@N&?ECM.J)\NM_Z6Q&"
MH.^5;7*$,-@W:=1YY4XJB[OFU45EO4;.JN4;95975^]'.FM>"M2[?H[>72Q?
M<J2K6;YTZ7-4W,7*T$3>JBKA<9U;+I:O,5K^J/)Y\V*?F[RJ\K3Y.I/15!:U
M@/K_;9Y73S_J&ZS>)G7Z?U!+ P04    " #M@Z=2<HS H0T$  #9#0  &0
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M1B]!U,Z UK=*V:>!>VLT;\OEWU!+ P04    " #M@Z=2,)3-=W<$  #W%
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M:'-=79KY7J;WX.+=)7@'* ?_+46N,$_5R--FD855+ZD6]&&[(-2RH$<L;T
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M)Z-OR:<!%1>]BHM!GK#E#I^1C;^>DC$,3Z>CY+2.^.C45VAWX6X[R$RCJ;T
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M0E@D]./?$K13V;2*N^MG] \N> QF3C6[EN(?GICTLA-U(&$+NA;F06[_9F5
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MG:J=5"98 ;8[N=CHG2M8B#Q/5;VO>@<*KGRS:!B*DK$[Q/ /^?EWID.F+H+
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MBF?%QS6C,1.F@_Y^R;FZ;Q@']0W<Y%]02P,$%     @ [8.G4ODYI[2&!@
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MS9L<!@6QZ9X8Z2!&T4>1ZI5";].0ARW^,[L_)A: (42I#!6Y"]646!$_,CE
M%/<1<0C^=CM#SY^]6+ @BB.]:^-G1YOQH$1SK&@ULK0<5VK@J75<=3E:/S^
M 7JO>:)^6>#=$MXU\&X'?$N2M(3@V@[R$_]JRXN]T]@XY;*U@;$<4<\#*7,N
MAIO#$!^;C@@9._ZA9:U_H[)_(RNU=_N1B+BR!&M<@HV?8BPF)?S$RO53ELRY
MS.=AQ1K]ARRI.=T#C@Y#W SML8G?'E*OI.D]0LI,O>/1=\;8P\[QZ!^;4NP2
MZG:.OE]2]>U4]0H"RI3B6K5Q](\Y3JBAV&!X;$CQJ),>=BK1=NZ9GC#0-UQ%
M(4]U!/(;"Y:B+9-\)3+%+<F%#PH$?HKLQ:1J@#QV_A:(A]DY:H2^Q<3M"'NE
MJ9@^1@H7*(?#[E&?$/<X05I,,9V0<;>"X4JBL5U>/T1)I%OYM2CLV"G^F@1;
M;.F1;9UA);+8KK(_S*J,A^C-!A8/2\BJ%/*,*XUN8#G12MT.2 9X]&?K6N&4
MG]OTJW>IDGH\?EB79FRGT#>8G3'ZR#2LC3HRV@Y+QAX* :FU;^>XUKM7E1IL
MKS6U&7J=*7BM%%IG<BT4AWW .4I4%1#L/8D25;*/[;I_CA+Y1S)#FE/(9E)?
MB58%@-@+P#V5J$"IS5[7\<UL;[!L,?5]['=/<U)5$(+/$Z+"K[9^Z]"A>YG6
M^54%B-@+T,-EZ 0@'8S<5ADZZ4<G-ADB5:4B]DIUK@R=@'7IN%.&3KB."#XE
M0Z0J;<1>VAKK'Y ;&"T8*Z3,]M.\D'PM;(U558J,GD)V2%4SB%VASY"= O%0
M4VASQMA,ZDPK^2=V^;^O[$R.%T!X/&F;UL>6$_CK7B.3JEH0^WZC6W6.]PU'
MM&PF=3Y5<2'VXG*&RM@!\6!"VE7&[D<&I*E.]4\,516B]BITKLJ<@*6C3I$Y
MY=DF3_7.556+VJO6+9>;*,CW@>$F3W2TB%+XA=2WP5=%AY*G4!5Z\ '(+KAG
MJ$J!6/LNT)@95I,ZTTK-Z6-\3)K2EJV(3YQ)RW>A%E/B>-2B*[0J!]2^5^C4
ME<*OMMNGH];5S+U,Z_RJ:D(?N ,YJ3,G /' QZTZ<]K/NJFB5=FA]K)SML[8
M88GK=@N-W972-M=Z]_)*57]2U0IJE^CV+Z/7)[P^9Q(%(E4BCD*6AVN^GTS(
M' \H%*5!G(6\^+"5*T/->L-DQ.8Q![LB8?*MG)&-YW_]X1'BO/[^_JTRE_CU
M"Z173*, =GDBC7=HSA'L\T*D!2S"M 88,8^C)<M/=TQ;>L5ABY@C()CK*(:V
M[E2IR<08+81$VU44K% @>1AI(14*!4J%1BNVR3>;@<@D0$*+-SS<"A&BKS)3
MN@\9'PP0N$?02[980#, JP;HC89TD8!X]Q7?,)GQ@!NIO/L:W^^*D.&EA68Q
MW#R;]"?$[1.'&I1G7A^[N.^,_7Z^#UYS<Z 5[Q[0ZLF0E$V/^Q/'[?MNT?0$
MFO;Z+G:;3=]RCCX)6!>[)IR+3)HOFV&D@DSE1W>#M@0>'APG)5PNS;&< CY9
MJO<G$.73\NCOVAQX-9]3[]44YL'Q&TAE>&-."X=5$_NS1@C6,H*<B?D"FG,&
M$Q!+N3^^V]]HL38'6G.AM4C,Y8JSD,O< -XO!'2YN,D;* ]1K_X'4$L#!!0
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MY2P[D/M1H(ERI*+<:.A!XM5(9[&"W%C9D^X#3Z)+8Y(N%4NXL2LJCGBJ8Y:
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M&=YW:A:6S\8$!Z,$Z$C"=+R^NKT?,D2 DT0.$B* 0J*."1'5=H6(,.+A/P%
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MZOVICH.U K1$=>)>M*4"3=/#N[M>6P4">_H_4X"FB>'@( 5H&AL.]U> <+,
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MT9_5@VF]5!)#)5&&GJ?S^*S_9  1;D"$5A#WC'!8X.@)YR61&!B140TF78%
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M@-)^QCB^IE'?>RGC-/:E[.SWI5CB+-7F01.<@RJ()N_G3,QASO]%*5ZAE(
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M3$+/\RR9UX<,E'&44E10@>:02$#%D-"2R9-("CZ9/E,*'LM*+GKHIDA.(<E
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MGA.+QT2/\B",@'Z_Y5P]+LP!U3\'EO\ 4$L#!!0    ( .V#IU*X&1F(S0,
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M3A6ZXPE-WNH[P+2FZ^WH7GN#!K\2>8%\?(8\U\,]>&[>K^X.P/%K[_O6GG_
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MP U>E^7,6[YHL;%CXU)H&$+M8TH)U$HC -]7 C*]>C$;U/]Y6/P$4$L#!!0
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M.ZLWY&M[<YZ5YG^PK66]$9AO2LGS6EDAR-.B^DM_UHYH*2@[_0JH5D"["L&
M JX5L-EHA<QLZY)*.IT(O@5"2RMK^H?QC=%6NTD+'<8[*=335.G)Z9<?FU0^
M@@N>J\0HJ7'M34:+$GP YTF2ZALT U=%E3'Z\=M+)FF:E>^4R/W=)7C[YAUX
M ]("_+GBFY(623D92P5-+S">US ^5S#0  P,KGDA5R7X4B0LZ=&_<.M#Y# P
M5CYI'(.>'/,9.2U>4_$18/@>( _!/D!N]4LV;]0]!QS<Q D;>WC WMV*"O9!
M)VSR/%CG0M!BR51E23![!&VY&_IH;I]OJ4C WU^527 E65[^XP!$&D#$ "(#
M@.X+P>9\6:2_U$KS-J(Y+V5?!E3V F-/L\O#%$6QYT_&#VVW]DB%04 :J6=@
M_0:L[P3[S52S DH?F%#L!&C.A4Q_58#73*0\4:2D:2\MED#E.F!585#MN]Z$
M=J\(P2.CPN'GH($>. V9@): +[23<X564<+\.Y <S!A8;\1\96*MRH\NEX(M
MJ60&/\TRP/)UQA^94G^KGI?&TKN^O500_);3 T__Z_=ZV$ /G=#_V.0S)C3T
M:ND67)6I!X,+.^!\S\<DV$F<KAB)XB@*^O<0-7N(G'NX9:44Z5SGSIUQ_'E/
M0CRS'#>6X].H:.C97N#MJ>D'M5VUCNKWI51,KHNARK>J#O:%JK;?#@+V((QW
M0M4C%D9Q'/6'"K9Z&3PTX=J@E\J?>E?[P,,.JH$"@,@B0J]!5+MY'R#4D])1
M& ^ LJT$XM> 4JRQ8.DAN/#!CK+=!+K;2:?.[HM4NLH,6NZ'_HD4FN5TZ";U
MXPNMR]C$CWR?[%9:5PY%B*"!?@HMM<.#N?TUI=8E:Q0B%, !6):MH9NNCZNW
MJ-MI(L5+ Z LT</X_ZVWN,NJ(<*H'Q>R=(_<='_)%DR(@RL.61Y&\#0J#EDB
M1FXB/KKB4)>,41Q@XN.=DNL3C#P?DH&:0Y:WT:MX^\":0UW6QA!YQ!^ 9:D;
MN:G[J)JK;;=1040B+]IELEY!+X!H"+_M#\C]JGYL>=;FGSL6#G$9LDT"[7GS
M-V@VNBI!DNKV.-L< J=+^1 A/QSRDZ5\Y*;\&R;,$*"8LT,9P_(VBDZ$,2QK
M(S=K'\\87=J.PRC$NU^\^^6>3PPLOV,WOQ^;V+C[FC[PGH=M:\#N5_1V -M3
M@_>&+[2+ZZ]QC4U_0@] <Z^"*U77W,5V#NSN'+<LV7(%Z$KE?:%GCF8^YC+=
MFNF<R% '6S+';C*_: \9Z --,SK+JHF"Z3-[<Z9+TZ%// R]G:SO$XQ]]1DX
MP)O8\CEV\WE_P,"_X.7?\MB2-0Y.))26K[&;KU\^H:L-MH=O.-ZEJQXA?V@^
MAVT#P/OF+(<&;5_3P9;A\8E,8(BE;+)O O/BJ6J7I'T/HMVI:L]@1I5E?]2(
M97/BYMG!J+WPTX)8-B;H1&)F69RX7\M?$;/NJSB,O'AWHMDG%H;!P$23M";W
M^V8M U%[^1L>L:Q,3F0*0RQGDWU3F!<'+NAR'_*BW;CU2(7Q+D6.6X=V.1-+
M<Y99JJ4WA:S.[YJ[S7GIN3DE'%OQZK#UFHIE6I0@8PNEZGT,52A$=7Y974B^
M-D> ,RXES\W/%:,)$UI /5]P+I\N] +-*?+T/U!+ P04    " #M@Z=2I^M.
M5>L$  !3&@  &@   'AL+W=O<FMS:&5E=',O<VAE970Q,C,N>&ULU9E=;]LV
M%(;_"F'TH@7J2"0EV2X< _GHL%ZD,))ENQAVP4BT+40B79*.DV$_?J2LB/8H
MJC)B#,A-+,DZY[RD^#X^$:=;+A[EBE(%GLN"R?/!2JGUER"0Z8J61)[Q-67Z
MFP47)5'Z5"P#N1:49%50600H#).@)#D;S*;5M;F83?E&%3FC<P'DIBR)>+FD
M!=^>#^#@]<)MOEPI<R&83==D2>^HNE_/A3X+FBQ97E(F<\Z H(OSP07\<AEA
M$U#=\7M.MW+O&)BA/'#^:$Z^9>>#T"BB!4V524'TQQ.]HD5A,FD=/^JD@Z:F
M"=P_?LW^2S5X/9@'(ND5+_[(,[4Z'XP'(*,+LBG4+=_^2NL!Q29?R@M9_07;
M^MYP -*-5+RL@[6",F>[3_)<3\1> (*> %0'H$KWKE"E\IHH,IL*O@7"W*VS
MF8-JJ%6T%I<S\U3NE-#?YCI.S;[^V.3J!5SQ4C]G2:J9FA>$23 $]TS0E"]9
M_C?-#N^XXE*!C]=4D;R0G\ 'D#/PVXIO)&&9G 9*"S/I@[06<;D3@3PB,+CA
M3*TD^,HRFAW&!WI S:C0ZZ@N46?"&R+. (:? 0H1O+^[!A\_?.I(BYO)PE5:
M[)NL<EWP%TK!'15/>:H_5T30H5D5AQ/T&7SG[(E*I:]?;(G(Y.>6"?S.%7C1
MQKNUL_SG+2\*H->;"?JK0W+42(XJR9%'\L$S3/<EI$8"4>"!+G/&<K8$? '6
M5.0\:WN"NS))5<98_6F&1DD238.G%G5QHR[N5%>OOJ4@3+6NFUUXO%<U1J.P
MO6C2%$UZ%P6::PN:JXV@K?43I_X0P@BW"Q@U D9]!!P\#?ILCFF;AI&K 8W'
M2;N&<:-AW']=N$M3KPOM1;,BYMX5,79TH?$DC-MU31I=DTY=MS3;<IZ!;RRE
MS "[HA'X1YM$*I&GQE%WBJ>/M:\Z+ )#R\#PO?@:[H$;_C_.KNL<F,QG;(BL
M//0V:]?Q^V4]QH:6SQ"?S-IUJD-?>018VL)NW!YI[3K;(5^2D4>%I2KLQNH)
MS U=\N*)Q]O0DA=VH[>_N^]9_M]E<UC3PA:.WHVY+9WA$7A^D[E=2N,X\AG-
M4AIV8_KG[IZXOP[8]\N-+*E1>#*#UZD.S!5/H$>"Y2[JYNZ1%D<N78<X]%@<
M6;RB;KR>P.+(!7 <0@\"D64PZF:PU^/7=$&%Z.UP9*&+HO?B<&09C8Y@]%L<
MCEQ2PY%NS3W/T;(:]6^3V_WE-L<HB7S^LKQ&O;KC?A9OZ8WCV$<92U_43=]C
M+>XR=@A'B6\F+&11-V1/X7$7PW <3CR+ UL.XVX.>TVNI52OBIBQ82^?8TM>
M#-^+S[$%-3X"U&_Q.6[!]6CBZ=/QWBN-_BUSJ\>PVR=[#(8ML7&O-KF7Q[';
M(_OJ6_CB7N\=^AH<NX@=QK[_P+$E+.XF[ G\C5T&QR@<>Y19!N.?,+AQ6F7A
M^4:D*^VRRN1=KK"$Q>-W8V7+8WP$C]]D99?*GB4=62)'_3OC5A]%;CN,XHFG
MK&5RU*L;[N7DR&V%?<.V>(UZO6;HZ^3(A>@P\?Q;&UF&1MT,/8&1ZPK[[U>A
M _=@[SU_2<6RVLV0>O ;IG:O_)NKS8[)Q6Z?P-Z^VVZY(4(O50D*NM"AX=E(
M3XG8[6#L3A1?5[L&#UPI7E:'*THR*LP-^OL%Y^KUQ!1H]I%F_P)02P,$%
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M^K;AB20LD&-+:=!F:FN9 9P= $(+0$?/R-1&HEL6T.#8W]*+S5<,+RN>06?
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M<(T/(U!V 7[/I32[B770/+6F_P!02P,$%     @ [8.G4JP=8'8) @  9@0
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MD&S^AJ2S=&YC%5=HLZD?6:#-_M./'73:(%<-^;$^6#1N>GY>H5],](M O[A
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MS'L$B]<R9X9M!JN6*7'R-U1)#,>%">@/\U[#XEXS/FLSI$YQ$74XPU!8REB
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M0-"K.H^K^LCHS*%B$Y"<$5"H [VL\[BLGQV;.5*0"$[!<$4J$L*%"ODE]_;
MXT7)F;&9(^M*A!"P\HOC) _TN/ ^(^(^,SXW"ZSD2.%&(P:3)J#DPMN-B-O-
MZ=PL,!-1:EB!8#!#C0Y4SL)[C8A[S??E9X'5%XP.UVL0F!2AK0GA'4?$JY!1
M^5G (H,2#K0*@4TI%<$J6GCC$B=6OGXL/PO4G$!)BL*8#(W8@]W[,;LJSQ*A
M!6)9D>5GX1U+G' L+$=_6N758GJ;5<VWQ!MQ'<DBPCN0B&_'/TN,%MY01-Q0
M1L1H 3V!<6.&V0^!:4*"8]P;ASBU)3_B(0]$_2DCH-C&<)**-/20AW<)&7>)
ML8]Y0.TG1(,U: RFI0D,9NDM0L:W-\Z*T=+KNXSK^SDQ6D+Y'@ZL*.28JI=W
M>6I?XYSX+*&0,P,?4$!@3B^)$($=2>GU7L;U?E1^EE"N09=""*$\- N\H,NX
MH(],SQ**-4T!10PD FHB#Q['BNOYV0%:(JM(QL![CVR6"*JI#'6N-P89+TW.
M#- 2VP@A#$@.!A.AW1+I_47&_65\?)9(Z0&>H<) -+0*(KW'R#%[Y=%N1)P#
MKG\@**)#851Y=U%Q=_F^X*RP @.$4@1%4A;:'E'>8U2\#!D5G!4L,5RB8,/)
MA,"F#N>4-,#26Y4ZL>SU8\%9H5LD?$@?HK0,*)CRUJ7&[(\\2VI6HS=)E+<H
M%;>HZ[)RP35K["SIF$:2A?+&HN*;Y\\2BI4W"14WB1&A6"%;#TP.:WT$Q8@)
MK%*I@R=V3VV<GX[$"A/T]-"'>HH8CM/@%//*KTX\/34N$BM,]C58D\1@A*0A
M6U5>^E5\V^*\QY^]=.NX=)_U #24YJ'11"''5+URZU/[%>=D8HUHM%1#*<10
M(@UL:FLOXSHNXZ/RL,;V+L#CY*.+#.V56L>5>F0<UC$5[MF-%FKMA5K'A?KL
M)*RQY2 *.A1#!>^X=P(=+S'.3,$:V])0(@7C%,.E)@U4;MI;BHY;RO@<K)$*
M M!$,('DIKVKZ#$[VM%>1+8]P'U'_(210 36!^^1Q-WD^R*PAFX!IE0,<DS2
M>XF.EQ&CLJ_&UJJD@1V)X:@*/1YFO"69$VM5/Y9]^];ET131X*$1@U0AP<<N
MC#<I,V:7XUG2;W\F&1D!LX-W(C>V6G:OBM9N[FZ+9O<*X?[7_>NHOW0O80Y^
M?T->7^]>*O7-[-YQ?9]52^<.R=K>N2;35VT2KG:OC>Z^-.5]]^;EY[)IRDWW
M<66SA:U:@/O[75DV3U_:$^Q?WKWZ+U!+ P04    " #M@Z=2VCX.=8<&   W
M(@  &@   'AL+W=O<FMS:&5E=',O<VAE970Q,S$N>&ULO9I;;]LV&(;_"F'T
MH@7J6CSH5#@&&K?; J1;D;3=Q; +U:9MH9+HBG32#OOQHV3'M,6/E&"@NTE\
M>$F]^D2]#TEY^BCJKW+#N4+?RZ*25Z.-4MO7DXE<;'B9R5=BRRO]S4K49:;T
MVWH]D=N:9\NV45E,2!!$DS++J]%LVG[VH9Y-Q4X5><4_U$CNRC*K?USS0CQ>
MC?#HZ8.[?+U1S0>3V72;K?D]5Y^V'VK];G+L99F7O)*YJ%#-5U>C-_CU/&P;
MM(K/.7^4)Z]1<RI?A/C:O+E97HV"QA$O^$(U763ZWP.?\Z)H>M(^OATZ'1V/
MV30\??W4^R_MR>N3^9))/A?%G_E2;:Y&R0@M^2K;%>I.//[&#R<4-OTM1"';
MO^CQH U&:+&32I2'QMI!F5?[_]GW0R%.&NA^X ;DT(!T&S!' WIH0-L3W3MK
M3^MMIK+9M!:/J&[4NK?F15N;MK4^F[QJ+N.]JO6WN6ZG9O=\K2^*0C?5?D@T
MI1VCN2BWHM*?2R16^EV]%76F^.0/M>$U>OZ6JRPOY NM_'3_%CU_]@(]0WF%
M/F[$3F;54DXG2GMKCC!9''Q<[WT0AP^*WHM*;21Z5RWY\KS]1)_3\<3(TXE=
M$V^'[[/Z%:+X)2(!P8"?^?#F@<<./=:9MOW1GCK?<5U*E5?KLXK_=:OEZ$;Q
M4O[M.1@['HRU!V..@]U4BM=<*GU-%J+DT-78=Q"U'32W^L,,DX0&X73R<%HD
M0)8F08*/LC-_X=%?.,P?_Z[C2((&]SV$)T<>XX"$(>DXA'0LBF*'Q>AH,?):
M_)TW]\3!YHVSC)%U=!+&(>UXM%4A9CB '<9'AW%/$1^TMW90K;*\1@]9L>-H
ML<FJ-9<O4<459#BVK+ P2.*.85LU3N(@H02VG!PM)U[+;7Q KA+K>#C!2<>4
M+=*UCF%'Z=%1ZG5TQ[,B_X<OT5H3SUVUU#YTC*../UM$D]!1,1R8? Z\#C\*
ME16H$M4X/[^KT?-"2/G"Z?G0[UE1*2/6X 1TXR0E:<@<UD_0@KW6?^45K[5Y
M3024+36\<JDT1C2VGVY\&!38-L1H&.*N<4!'DBAQE9P8W\3K^U9DS?SBVRZ7
M>1O/"R$5;)78%K33M.L4DJ5)Y#!JF()I__WDKR4%:AFDW:$+R5(=4:'#H0$1
M]I-H'Z/[X7K;#%?0)+..GL;ZWNZ:M&7CE%%=2(=+@R/LYY&9X" @HLX[-0#!
MT<\G/C8TP'TXZ&4^MF,=TZ@+5$!%<>H* Q/]V)_]0YB/[8AOH!]9=SZDT]'F
M&JZ&!MB/@X'4QW;4CY,DM6Y[0(9Q$#FF)L0P@?B9<!GZ"1#T4<PZIB%5&*0.
MRX8%Q,\")_J)G>*8=6]]0.28/1&3\L2?\@/13^SL#KKN?))S=R;:B3_:+\8^
M :(\)%9!(97S*INX)_ZXOY#X!$AV'(>!-38A79 &#@ 0 P#B!\!PXA-@O6'9
M!#2.>2HQ."'^!4D_ZXF]S,#6=;<U8XH=,R9BX$/\\!F$>0*L*DB4VAXA'8E3
M5PD-@H@?05W,HW_1+5]GBQ]H+BHIBGRIOUNBSS?OI&\#PM"$I#]_!D -%6@?
M%7IG !1<$W076H#*/0.@!@'4CX A,P *S.F3N+LK :E(2!S#F!HD4#\2!N*?
MVGG/XNZR"A!%L<OAR2Z2'PN7D9\":1]9TQ5(15/'9(4:)E _$YSDIW::=\GJ
ME9S[,5E/_5E_,5DI$.M %0&5NXHF_JD__B\D*[7SWJJQ3W+NUO" ^GDPG*?4
M#GO+H$]R;M"@@ [8B?)7SEYC6,9\DG-CAAETR JDAZ046%@0TEW4 RKBVKEE
MAC+,3QD HGUK9F80P?#_L$MN\I[Y\W[(/KD=X[@[WP,TCG' 3-"SOJ#OAR6#
M=FUHTAT'D SCF%*'QY.G#$,V=WIQR:!]&QIW]QT@F<^F"7S6][3A$F8R.\>)
M]70$>OB ':L19K*>#9CJ@YZ &;ZU5@9$KM%H\ISY\_QB9C)@R\F^\L"$WUU&
MD_',G_$7(I-!FTO 8A34N1>CS"" ^1$P')X,X(!E$] X5E*A@4#HAT _/D-@
MI=$=J8#&O1@-#41"_SIC$$(/?41G"(VBM+O5".IH$'>O\N3D$7S)ZW7[RP2I
M+]VN4ON'UL=/C[]^>-,^\^]\?HU?S_>_83#=[']2\3ZKUWDE4<%7NLO@5:P+
M5^]_I;!_H\2V?=#_12@ERO;EAF=+7C<"_?U*"/7TICG \;<BL_\ 4$L#!!0
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M^#3!#.8R-^9.,SWU=77$!%0;F"MX@Y+L#-0",WC(AJ(6V&%JP2G2=- @*!N
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MNOJY$F$D\E) /U]D.N3ZHAQ@=X+^^O]02P,$%     @ [8.G4N*_L_(? P
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M^V!QPCZ9O<([S;(D25,LH]-I4,$4RUN:PC?,AFD##RP.1/J]7./5QCOD^3[
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M@YH,:ML/ZC*H;S]HR*"Q_2 +*F, 3')8 [0VY=H 7IN";0"Q3<DV@-FF:!M
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M              "  0    !D;V-0<F]P<R]A<' N>&UL4$L! A0#%     @
M[8.G4C)C44GO    *P(  !$              ( !KP   &1O8U!R;W!S+V-O
M<F4N>&UL4$L! A0#%     @ [8.G4IE<G",0!@  G"<  !,
M ( !S0$  'AL+W1H96UE+W1H96UE,2YX;6Q02P$"% ,4    " #M@Z=2/>B=
MR3T%  !>%0  &               @($."   >&PO=V]R:W-H965T<R]S:&5E
M=#$N>&UL4$L! A0#%     @ [8.G4@_,# AM"   \B,  !@
M ("!@0T  'AL+W=O<FMS:&5E=',O<VAE970R+GAM;%!+ 0(4 Q0    ( .V#
MIU+BJ9^2GP0  +,-   8              " @206  !X;"]W;W)K<VAE971S
M+W-H965T,RYX;6Q02P$"% ,4    " #M@Z=27_;F3_X%   \%P  &
M        @('Y&@  >&PO=V]R:W-H965T<R]S:&5E=#0N>&UL4$L! A0#%
M  @ [8.G4G5.Y59Y P  2@H  !@              ("!+2$  'AL+W=O<FMS
M:&5E=',O<VAE970U+GAM;%!+ 0(4 Q0    ( .V#IU**-H%3^@4  'T9   8
M              " @=PD  !X;"]W;W)K<VAE971S+W-H965T-BYX;6Q02P$"
M% ,4    " #M@Z=27]5LS'8"  !4!0  &               @($,*P  >&PO
M=V]R:W-H965T<R]S:&5E=#<N>&UL4$L! A0#%     @ [8.G4K.+@G?'"@
MQB\  !@              ("!N"T  'AL+W=O<FMS:&5E=',O<VAE970X+GAM
M;%!+ 0(4 Q0    ( .V#IU*<[ML>K0,  .L(   8              " @;4X
M  !X;"]W;W)K<VAE971S+W-H965T.2YX;6Q02P$"% ,4    " #M@Z=2CYQX
M1)T%  #4#   &0              @(&8/   >&PO=V]R:W-H965T<R]S:&5E
M=#$P+GAM;%!+ 0(4 Q0    ( .V#IU*W2E/FJ P  +TB   9
M  " @6Q"  !X;"]W;W)K<VAE971S+W-H965T,3$N>&UL4$L! A0#%     @
M[8.G4CTNJ$.L"P  /24  !D              ("!2T\  'AL+W=O<FMS:&5E
M=',O<VAE970Q,BYX;6Q02P$"% ,4    " #M@Z=2U#2K:  7  #@2P  &0
M            @($N6P  >&PO=V]R:W-H965T<R]S:&5E=#$S+GAM;%!+ 0(4
M Q0    ( .V#IU(2$3U<]Q<  $U.   9              " @65R  !X;"]W
M;W)K<VAE971S+W-H965T,30N>&UL4$L! A0#%     @ [8.G4J"?XZ<T#@
MBCX  !D              ("!DXH  'AL+W=O<FMS:&5E=',O<VAE970Q-2YX
M;6Q02P$"% ,4    " #M@Z=2D64P1#P.  "4/@  &0              @('^
MF   >&PO=V]R:W-H965T<R]S:&5E=#$V+GAM;%!+ 0(4 Q0    ( .V#IU)3
MWJ[F.0X  (H^   9              " @7&G  !X;"]W;W)K<VAE971S+W-H
M965T,3<N>&UL4$L! A0#%     @ [8.G4GMIT_>0$   KC4  !D
M     ("!X;4  'AL+W=O<FMS:&5E=',O<VAE970Q."YX;6Q02P$"% ,4
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M+GAM;%!+ 0(4 Q0    ( .V#IU*#5'I[Z0<  &H4   9              "
M@?WF  !X;"]W;W)K<VAE971S+W-H965T,C,N>&UL4$L! A0#%     @ [8.G
M4L.T3)"C!@  >P\  !D              ("!'>\  'AL+W=O<FMS:&5E=',O
M<VAE970R-"YX;6Q02P$"% ,4    " #M@Z=2P_(#(2P-  #M(P  &0
M        @('W]0  >&PO=V]R:W-H965T<R]S:&5E=#(U+GAM;%!+ 0(4 Q0
M   ( .V#IU*:^;(5F0D  * ;   9              " @5H# 0!X;"]W;W)K
M<VAE971S+W-H965T,C8N>&UL4$L! A0#%     @ [8.G4N &RVIB!@  =A
M !D              ("!*@T! 'AL+W=O<FMS:&5E=',O<VAE970R-RYX;6Q0
M2P$"% ,4    " #M@Z=2U^BD;70$  !1"P  &0              @('#$P$
M>&PO=V]R:W-H965T<R]S:&5E=#(X+GAM;%!+ 0(4 Q0    ( .V#IU*^9GJ6
MY0(  #<&   9              " @6X8 0!X;"]W;W)K<VAE971S+W-H965T
M,CDN>&UL4$L! A0#%     @ [8.G4I&N$BOT!   < P  !D
M ("!BAL! 'AL+W=O<FMS:&5E=',O<VAE970S,"YX;6Q02P$"% ,4    " #M
M@Z=2"..;9XX#  #J!P  &0              @(&U( $ >&PO=V]R:W-H965T
M<R]S:&5E=#,Q+GAM;%!+ 0(4 Q0    ( .V#IU*/V;N[ @H  ' :   9
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M970S-BYX;6Q02P$"% ,4    " #M@Z=2:ZDK38,4  "N1@  &0
M    @('450$ >&PO=V]R:W-H965T<R]S:&5E=#,W+GAM;%!+ 0(4 Q0    (
M .V#IU+][2\=) P  #0R   9              " @8YJ 0!X;"]W;W)K<VAE
M971S+W-H965T,S@N>&UL4$L! A0#%     @ [8.G4FF2LJ<]"0  B!P  !D
M             ("!Z78! 'AL+W=O<FMS:&5E=',O<VAE970S.2YX;6Q02P$"
M% ,4    " #M@Z=2$-Y+'IL$  #!"@  &0              @(%=@ $ >&PO
M=V]R:W-H965T<R]S:&5E=#0P+GAM;%!+ 0(4 Q0    ( .V#IU(RGF54R@H
M )@F   9              " @2^% 0!X;"]W;W)K<VAE971S+W-H965T-#$N
M>&UL4$L! A0#%     @ [8.G4A2(!S>& P  @P@  !D              ("!
M,) ! 'AL+W=O<FMS:&5E=',O<VAE970T,BYX;6Q02P$"% ,4    " #M@Z=2
MHR& K[T$  #5"P  &0              @('MDP$ >&PO=V]R:W-H965T<R]S
M:&5E=#0S+GAM;%!+ 0(4 Q0    ( .V#IU)?#7:U508  -T/   9
M      " @>&8 0!X;"]W;W)K<VAE971S+W-H965T-#0N>&UL4$L! A0#%
M  @ [8.G4F=6[MJ/!@  <!(  !D              ("!;9\! 'AL+W=O<FMS
M:&5E=',O<VAE970T-2YX;6Q02P$"% ,4    " #M@Z=2SK]N<:(%  !8#@
M&0              @($SI@$ >&PO=V]R:W-H965T<R]S:&5E=#0V+GAM;%!+
M 0(4 Q0    ( .V#IU+8VU'=E 8  )D/   9              " @0RL 0!X
M;"]W;W)K<VAE971S+W-H965T-#<N>&UL4$L! A0#%     @ [8.G4MXE\EG"
M @  [P4  !D              ("!U[(! 'AL+W=O<FMS:&5E=',O<VAE970T
M."YX;6Q02P$"% ,4    " #M@Z=2+;X9Q  &  !($0  &0
M@('0M0$ >&PO=V]R:W-H965T<R]S:&5E=#0Y+GAM;%!+ 0(4 Q0    ( .V#
MIU)1LEG.KP,   ,(   9              " @0>\ 0!X;"]W;W)K<VAE971S
M+W-H965T-3 N>&UL4$L! A0#%     @ [8.G4@MI&$9[!   - L  !D
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M=#4U+GAM;%!+ 0(4 Q0    ( .V#IU(4LD]^&0(  'D$   9
M  " @2/9 0!X;"]W;W)K<VAE971S+W-H965T-38N>&UL4$L! A0#%     @
M[8.G4E%#MCZ  P  JPH  !D              ("!<]L! 'AL+W=O<FMS:&5E
M=',O<VAE970U-RYX;6Q02P$"% ,4    " #M@Z=2$E4"=/H%   3(0  &0
M            @($JWP$ >&PO=V]R:W-H965T<R]S:&5E=#4X+GAM;%!+ 0(4
M Q0    ( .V#IU+I$W5YE (  ($&   9              " @5OE 0!X;"]W
M;W)K<VAE971S+W-H965T-3DN>&UL4$L! A0#%     @ [8.G4LXB-:VD"
MZC,  !D              ("!)N@! 'AL+W=O<FMS:&5E=',O<VAE970V,"YX
M;6Q02P$"% ,4    " #M@Z=2=>4AY,8$  #-%   &0              @($!
M\0$ >&PO=V]R:W-H965T<R]S:&5E=#8Q+GAM;%!+ 0(4 Q0    ( .V#IU*-
MYEL#BA   (MT   9              " @?[U 0!X;"]W;W)K<VAE971S+W-H
M965T-C(N>&UL4$L! A0#%     @ [8.G4H?F /HO"   RS0  !D
M     ("!OP8" 'AL+W=O<FMS:&5E=',O<VAE970V,RYX;6Q02P$"% ,4
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M+GAM;%!+ 0(4 Q0    ( .V#IU*]T;^5"P@  %0U   9              "
M@84= @!X;"]W;W)K<VAE971S+W-H965T-C@N>&UL4$L! A0#%     @ [8.G
M4@Z<6-O0!   +A(  !D              ("!QR4" 'AL+W=O<FMS:&5E=',O
M<VAE970V.2YX;6Q02P$"% ,4    " #M@Z=2UB=+#BP,  "!1   &0
M        @('.*@( >&PO=V]R:W-H965T<R]S:&5E=#<P+GAM;%!+ 0(4 Q0
M   ( .V#IU*)EW9?N@(  !D(   9              " @3$W @!X;"]W;W)K
M<VAE971S+W-H965T-S$N>&UL4$L! A0#%     @ [8.G4K( NY9'"0  ?#,
M !D              ("!(CH" 'AL+W=O<FMS:&5E=',O<VAE970W,BYX;6Q0
M2P$"% ,4    " #M@Z=2V>.2KU\)  ":/@  &0              @(&@0P(
M>&PO=V]R:W-H965T<R]S:&5E=#<S+GAM;%!+ 0(4 Q0    ( .V#IU("'J42
MJ@4  &\?   9              " @39- @!X;"]W;W)K<VAE971S+W-H965T
M-S0N>&UL4$L! A0#%     @ [8.G4HP>(F/^ @  P@D  !D
M ("!%U," 'AL+W=O<FMS:&5E=',O<VAE970W-2YX;6Q02P$"% ,4    " #M
M@Z=2/F\>E"@(   !-P  &0              @(%,5@( >&PO=V]R:W-H965T
M<R]S:&5E=#<V+GAM;%!+ 0(4 Q0    ( .V#IU+%7.N>R!D  -/I   9
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M970X,2YX;6Q02P$"% ,4    " #M@Z=2T5U1JF<%  #^&0  &0
M    @(%!B0( >&PO=V]R:W-H965T<R]S:&5E=#@R+GAM;%!+ 0(4 Q0    (
M .V#IU)1D4N^T0,  *$.   9              " @=^. @!X;"]W;W)K<VAE
M971S+W-H965T.#,N>&UL4$L! A0#%     @ [8.G4OD9:35*!   F18  !D
M             ("!YY(" 'AL+W=O<FMS:&5E=',O<VAE970X-"YX;6Q02P$"
M% ,4    " #M@Z=21BW<XG$+  !92@  &0              @(%HEP( >&PO
M=V]R:W-H965T<R]S:&5E=#@U+GAM;%!+ 0(4 Q0    ( .V#IU)RC,"A#00
M -D-   9              " @1"C @!X;"]W;W)K<VAE971S+W-H965T.#8N
M>&UL4$L! A0#%     @ [8.G4G%=L(:[ P  >0D  !D              ("!
M5*<" 'AL+W=O<FMS:&5E=',O<VAE970X-RYX;6Q02P$"% ,4    " #M@Z=2
MVGADM28%  "Z%P  &0              @(%&JP( >&PO=V]R:W-H965T<R]S
M:&5E=#@X+GAM;%!+ 0(4 Q0    ( .V#IU)%EZ$*'00  &80   9
M      " @:.P @!X;"]W;W)K<VAE971S+W-H965T.#DN>&UL4$L! A0#%
M  @ [8.G4DANOK%7 P  9PH  !D              ("!][0" 'AL+W=O<FMS
M:&5E=',O<VAE970Y,"YX;6Q02P$"% ,4    " #M@Z=2,)3-=W<$  #W%
M&0              @(&%N ( >&PO=V]R:W-H965T<R]S:&5E=#DQ+GAM;%!+
M 0(4 Q0    ( .V#IU)(!WV UP,   </   9              " @3.] @!X
M;"]W;W)K<VAE971S+W-H965T.3(N>&UL4$L! A0#%     @ [8.G4A:<K&OJ
M @  J0@  !D              ("!0<$" 'AL+W=O<FMS:&5E=',O<VAE970Y
M,RYX;6Q02P$"% ,4    " #M@Z=280R*<4X"  !@!0  &0
M@(%BQ ( >&PO=V]R:W-H965T<R]S:&5E=#DT+GAM;%!+ 0(4 Q0    ( .V#
MIU(GTC^]C0,  !D*   9              " @>?& @!X;"]W;W)K<VAE971S
M+W-H965T.34N>&UL4$L! A0#%     @ [8.G4CI.]^8$ P  HPD  !D
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M=#$P,"YX;6Q02P$"% ,4    " #M@Z=2JEVGHR(%   ,%0  &@
M    @(&AX ( >&PO=V]R:W-H965T<R]S:&5E=#$P,2YX;6Q02P$"% ,4
M" #M@Z=247I\F10#  !="   &@              @('[Y0( >&PO=V]R:W-H
M965T<R]S:&5E=#$P,BYX;6Q02P$"% ,4    " #M@Z=24-]DK^X$   $#P
M&@              @(%'Z0( >&PO=V]R:W-H965T<R]S:&5E=#$P,RYX;6Q0
M2P$"% ,4    " #M@Z=2/ZM%4$P%  #X$   &@              @(%M[@(
M>&PO=V]R:W-H965T<R]S:&5E=#$P-"YX;6Q02P$"% ,4    " #M@Z=2C9;>
M!<0%  "-&P  &@              @('Q\P( >&PO=V]R:W-H965T<R]S:&5E
M=#$P-2YX;6Q02P$"% ,4    " #M@Z=2^3FGM(8&  !0'0  &@
M    @('M^0( >&PO=V]R:W-H965T<R]S:&5E=#$P-BYX;6Q02P$"% ,4
M" #M@Z=2Q;>^A(X$  #L$@  &@              @(&K  , >&PO=V]R:W-H
M965T<R]S:&5E=#$P-RYX;6Q02P$"% ,4    " #M@Z=26B)-7$@#   C"@
M&@              @(%Q!0, >&PO=V]R:W-H965T<R]S:&5E=#$P."YX;6Q0
M2P$"% ,4    " #M@Z=2;8<ZB\$&  #?)0  &@              @('Q" ,
M>&PO=V]R:W-H965T<R]S:&5E=#$P.2YX;6Q02P$"% ,4    " #M@Z=2!*)!
MS^T(   @/P  &@              @('J#P, >&PO=V]R:W-H965T<R]S:&5E
M=#$Q,"YX;6Q02P$"% ,4    " #M@Z=2W7K]$*P#  !5#0  &@
M    @($/&0, >&PO=V]R:W-H965T<R]S:&5E=#$Q,2YX;6Q02P$"% ,4
M" #M@Z=2-,JZ$UP#  "D#   &@              @('S' , >&PO=V]R:W-H
M965T<R]S:&5E=#$Q,BYX;6Q02P$"% ,4    " #M@Z=2IR+;JIH'  "^+P
M&@              @(&'( , >&PO=V]R:W-H965T<R]S:&5E=#$Q,RYX;6Q0
M2P$"% ,4    " #M@Z=21/+089<#  !G#@  &@              @(%9* ,
M>&PO=V]R:W-H965T<R]S:&5E=#$Q-"YX;6Q02P$"% ,4    " #M@Z=2R1=+
M)SL#  #J"P  &@              @($H+ , >&PO=V]R:W-H965T<R]S:&5E
M=#$Q-2YX;6Q02P$"% ,4    " #M@Z=2\R05I*()  !F*@  &@
M    @(&;+P, >&PO=V]R:W-H965T<R]S:&5E=#$Q-BYX;6Q02P$"% ,4
M" #M@Z=2H2MYS-,"  !1"   &@              @(%U.0, >&PO=V]R:W-H
M965T<R]S:&5E=#$Q-RYX;6Q02P$"% ,4    " #M@Z=2'"V=C#H$   H$
M&@              @(& / , >&PO=V]R:W-H965T<R]S:&5E=#$Q."YX;6Q0
M2P$"% ,4    " #M@Z=2N!D9B,T#  ":#0  &@              @('R0 ,
M>&PO=V]R:W-H965T<R]S:&5E=#$Q.2YX;6Q02P$"% ,4    " #M@Z=2@:MG
M[R,$  #C#@  &@              @('W1 , >&PO=V]R:W-H965T<R]S:&5E
M=#$R,"YX;6Q02P$"% ,4    " #M@Z=2R=DVKWD$  "%$   &@
M    @(%220, >&PO=V]R:W-H965T<R]S:&5E=#$R,2YX;6Q02P$"% ,4
M" #M@Z=24]Q]A^0%  !1'@  &@              @($#3@, >&PO=V]R:W-H
M965T<R]S:&5E=#$R,BYX;6Q02P$"% ,4    " #M@Z=2I^M.5>L$  !3&@
M&@              @($?5 , >&PO=V]R:W-H965T<R]S:&5E=#$R,RYX;6Q0
M2P$"% ,4    " #M@Z=2L(.EHGH$  !:%0  &@              @(%"60,
M>&PO=V]R:W-H965T<R]S:&5E=#$R-"YX;6Q02P$"% ,4    " #M@Z=2SY=Q
M7OT"  "^"   &@              @('T70, >&PO=V]R:W-H965T<R]S:&5E
M=#$R-2YX;6Q02P$"% ,4    " #M@Z=2IA%^O&,%  !Q%@  &@
M    @($I80, >&PO=V]R:W-H965T<R]S:&5E=#$R-BYX;6Q02P$"% ,4
M" #M@Z=2<(2G%5 "   N!0  &@              @('$9@, >&PO=V]R:W-H
M965T<R]S:&5E=#$R-RYX;6Q02P$"% ,4    " #M@Z=2".BCF (#  !V"0
M&@              @(%,:0, >&PO=V]R:W-H965T<R]S:&5E=#$R."YX;6Q0
M2P$"% ,4    " #M@Z=2K!U@=@D"  !F!   &@              @(&&; ,
M>&PO=V]R:W-H965T<R]S:&5E=#$R.2YX;6Q02P$"% ,4    " #M@Z=2J:(9
M!3$*  #(.P  &@              @('';@, >&PO=V]R:W-H965T<R]S:&5E
M=#$S,"YX;6Q02P$"% ,4    " #M@Z=2VCX.=8<&   W(@  &@
M    @($P>0, >&PO=V]R:W-H965T<R]S:&5E=#$S,2YX;6Q02P$"% ,4
M" #M@Z=2XF;:!"@(  !-+P  &@              @('O?P, >&PO=V]R:W-H
M965T<R]S:&5E=#$S,BYX;6Q02P$"% ,4    " #M@Z=2XK^S\A\#  #P$0
M#0              @ %/B , >&PO<W1Y;&5S+GAM;%!+ 0(4 Q0    ( .V#
MIU*7BKL<P    !,"   +              "  9F+ P!?<F5L<R\N<F5L<U!+
M 0(4 Q0    ( .V#IU++U08_BP@  (M6   /              "  8*, P!X
M;"]W;W)K8F]O:RYX;6Q02P$"% ,4    " #M@Z=2V\L^Z)8#  !G30  &@
M            @ $ZE0, >&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'-02P$"
M% ,4    " #M@Z=2^8Q;5;\"   #2@  $P              @ $(F0, 6T-O
F;G1E;G1?5'EP97-=+GAM;%!+!08     C ", *PF  #XFP,    !

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>148
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>149
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>150
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.21.1</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>1084</ContextCount>
  <ElementCount>660</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>true</FootnotesReported>
  <SegmentCount>260</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>15</UnitCount>
  <MyReports>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>000010001 - Document - Cover Page</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/CoverPage</Role>
      <ShortName>Cover Page</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R2.htm</HtmlFileName>
      <LongName>100010002 - Statement - CONSOLIDATED BALANCE SHEETS</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS</Role>
      <ShortName>CONSOLIDATED BALANCE SHEETS</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>2</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R3.htm</HtmlFileName>
      <LongName>100020003 - Statement - CONSOLIDATED BALANCE SHEETS (PARENTHETICAL)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL</Role>
      <ShortName>CONSOLIDATED BALANCE SHEETS (PARENTHETICAL)</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>3</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R4.htm</HtmlFileName>
      <LongName>100030004 - Statement - CONSOLIDATED STATEMENTS OF INCOME (LOSS)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS</Role>
      <ShortName>CONSOLIDATED STATEMENTS OF INCOME (LOSS)</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>4</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R5.htm</HtmlFileName>
      <LongName>100040005 - Statement - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS</Role>
      <ShortName>CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>5</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R6.htm</HtmlFileName>
      <LongName>100050006 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY</Role>
      <ShortName>CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>6</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R7.htm</HtmlFileName>
      <LongName>100060007 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITYParenthetical</Role>
      <ShortName>CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical)</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>7</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R8.htm</HtmlFileName>
      <LongName>100070008 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS</Role>
      <ShortName>CONSOLIDATED STATEMENTS OF CASH FLOWS</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>8</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R9.htm</HtmlFileName>
      <LongName>100080009 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (PARENTHETICAL)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWSPARENTHETICAL</Role>
      <ShortName>CONSOLIDATED STATEMENTS OF CASH FLOWS (PARENTHETICAL)</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>9</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R10.htm</HtmlFileName>
      <LongName>210011001 - Disclosure - Organization</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/Organization</Role>
      <ShortName>Organization</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>10</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R11.htm</HtmlFileName>
      <LongName>210031002 - Disclosure - Basis of Presentation</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/BasisofPresentation</Role>
      <ShortName>Basis of Presentation</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>11</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R12.htm</HtmlFileName>
      <LongName>210081003 - Disclosure - Summary of Significant Accounting Policies</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPolicies</Role>
      <ShortName>Summary of Significant Accounting Policies</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>12</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R13.htm</HtmlFileName>
      <LongName>210121004 - Disclosure - Principles of Consolidation</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/PrinciplesofConsolidation</Role>
      <ShortName>Principles of Consolidation</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>13</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R14.htm</HtmlFileName>
      <LongName>210231005 - Disclosure - Fair Value of Financial Instruments</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/FairValueofFinancialInstruments</Role>
      <ShortName>Fair Value of Financial Instruments</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>14</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R15.htm</HtmlFileName>
      <LongName>210331006 - Disclosure - Residential Loans</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/ResidentialLoans</Role>
      <ShortName>Residential Loans</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>15</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R16.htm</HtmlFileName>
      <LongName>210411007 - Disclosure - Business Purpose Loans</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/BusinessPurposeLoans</Role>
      <ShortName>Business Purpose Loans</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>16</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R17.htm</HtmlFileName>
      <LongName>210451008 - Disclosure - Multifamily Loans</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/MultifamilyLoans</Role>
      <ShortName>Multifamily Loans</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>17</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R18.htm</HtmlFileName>
      <LongName>210481009 - Disclosure - Real Estate Securities</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/RealEstateSecurities</Role>
      <ShortName>Real Estate Securities</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>18</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R19.htm</HtmlFileName>
      <LongName>210601010 - Disclosure - Other Investments</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/OtherInvestments</Role>
      <ShortName>Other Investments</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>19</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R20.htm</HtmlFileName>
      <LongName>210651011 - Disclosure - Derivative Financial Instruments</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/DerivativeFinancialInstruments</Role>
      <ShortName>Derivative Financial Instruments</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>20</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R21.htm</HtmlFileName>
      <LongName>210701012 - Disclosure - Other Assets and Liabilities</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/OtherAssetsandLiabilities</Role>
      <ShortName>Other Assets and Liabilities</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>21</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R22.htm</HtmlFileName>
      <LongName>210751013 - Disclosure - Short-Term Debt</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/ShortTermDebt</Role>
      <ShortName>Short-Term Debt</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>22</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R23.htm</HtmlFileName>
      <LongName>210811014 - Disclosure - Asset-Backed Securities Issued</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssued</Role>
      <ShortName>Asset-Backed Securities Issued</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>23</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R24.htm</HtmlFileName>
      <LongName>210861015 - Disclosure - Long-Term Debt</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/LongTermDebt</Role>
      <ShortName>Long-Term Debt</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>24</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R25.htm</HtmlFileName>
      <LongName>210911016 - Disclosure - Commitments and Contingencies</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/CommitmentsandContingencies</Role>
      <ShortName>Commitments and Contingencies</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>25</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R26.htm</HtmlFileName>
      <LongName>210951017 - Disclosure - Equity</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/Equity</Role>
      <ShortName>Equity</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>26</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R27.htm</HtmlFileName>
      <LongName>211011018 - Disclosure - Equity Compensation Plans</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/EquityCompensationPlans</Role>
      <ShortName>Equity Compensation Plans</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>27</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R28.htm</HtmlFileName>
      <LongName>211051019 - Disclosure - Mortgage Banking Activities, Net</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/MortgageBankingActivitiesNet</Role>
      <ShortName>Mortgage Banking Activities, Net</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>28</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R29.htm</HtmlFileName>
      <LongName>211081020 - Disclosure - Other Income</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/OtherIncome</Role>
      <ShortName>Other Income</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>29</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R30.htm</HtmlFileName>
      <LongName>211111021 - Disclosure - General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpenses</Role>
      <ShortName>General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>30</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R31.htm</HtmlFileName>
      <LongName>211141022 - Disclosure - Taxes</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/Taxes</Role>
      <ShortName>Taxes</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>31</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R32.htm</HtmlFileName>
      <LongName>211181023 - Disclosure - Segment Information</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/SegmentInformation</Role>
      <ShortName>Segment Information</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>32</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R33.htm</HtmlFileName>
      <LongName>220092001 - Disclosure - Summary of Significant Accounting Policies (Policies)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesPolicies</Role>
      <ShortName>Summary of Significant Accounting Policies (Policies)</ShortName>
      <MenuCategory>Policies</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPolicies</ParentRole>
      <Position>33</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R34.htm</HtmlFileName>
      <LongName>230043001 - Disclosure - Basis of Presentation (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/BasisofPresentationTables</Role>
      <ShortName>Basis of Presentation (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/BasisofPresentation</ParentRole>
      <Position>34</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R35.htm</HtmlFileName>
      <LongName>230103002 - Disclosure - Summary of Significant Accounting Policies (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesTables</Role>
      <ShortName>Summary of Significant Accounting Policies (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPolicies</ParentRole>
      <Position>35</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R36.htm</HtmlFileName>
      <LongName>230133003 - Disclosure - Principles of Consolidation (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/PrinciplesofConsolidationTables</Role>
      <ShortName>Principles of Consolidation (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/PrinciplesofConsolidation</ParentRole>
      <Position>36</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R37.htm</HtmlFileName>
      <LongName>230243004 - Disclosure - Fair Value of Financial Instruments (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsTables</Role>
      <ShortName>Fair Value of Financial Instruments (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/FairValueofFinancialInstruments</ParentRole>
      <Position>37</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R38.htm</HtmlFileName>
      <LongName>230343005 - Disclosure - Residential Loans (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/ResidentialLoansTables</Role>
      <ShortName>Residential Loans (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/ResidentialLoans</ParentRole>
      <Position>38</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R39.htm</HtmlFileName>
      <LongName>230423006 - Disclosure - Business Purpose Loans (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/BusinessPurposeLoansTables</Role>
      <ShortName>Business Purpose Loans (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/BusinessPurposeLoans</ParentRole>
      <Position>39</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R40.htm</HtmlFileName>
      <LongName>230463007 - Disclosure - Multifamily Loans (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/MultifamilyLoansTables</Role>
      <ShortName>Multifamily Loans (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/MultifamilyLoans</ParentRole>
      <Position>40</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R41.htm</HtmlFileName>
      <LongName>230493008 - Disclosure - Real Estate Securities (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/RealEstateSecuritiesTables</Role>
      <ShortName>Real Estate Securities (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/RealEstateSecurities</ParentRole>
      <Position>41</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R42.htm</HtmlFileName>
      <LongName>230613009 - Disclosure - Other Investments (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/OtherInvestmentsTables</Role>
      <ShortName>Other Investments (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/OtherInvestments</ParentRole>
      <Position>42</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R43.htm</HtmlFileName>
      <LongName>230663010 - Disclosure - Derivative Financial Instruments (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsTables</Role>
      <ShortName>Derivative Financial Instruments (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/DerivativeFinancialInstruments</ParentRole>
      <Position>43</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R44.htm</HtmlFileName>
      <LongName>230713011 - Disclosure - Other Assets and Liabilities (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesTables</Role>
      <ShortName>Other Assets and Liabilities (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/OtherAssetsandLiabilities</ParentRole>
      <Position>44</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R45.htm</HtmlFileName>
      <LongName>230763012 - Disclosure - Short-Term Debt (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/ShortTermDebtTables</Role>
      <ShortName>Short-Term Debt (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/ShortTermDebt</ParentRole>
      <Position>45</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R46.htm</HtmlFileName>
      <LongName>230823013 - Disclosure - Asset-Backed Securities Issued (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedTables</Role>
      <ShortName>Asset-Backed Securities Issued (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssued</ParentRole>
      <Position>46</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R47.htm</HtmlFileName>
      <LongName>230873014 - Disclosure - Long-Term Debt (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/LongTermDebtTables</Role>
      <ShortName>Long-Term Debt (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/LongTermDebt</ParentRole>
      <Position>47</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R48.htm</HtmlFileName>
      <LongName>230923015 - Disclosure - Commitments and Contingencies (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/CommitmentsandContingenciesTables</Role>
      <ShortName>Commitments and Contingencies (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/CommitmentsandContingencies</ParentRole>
      <Position>48</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R49.htm</HtmlFileName>
      <LongName>230963016 - Disclosure - Equity (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/EquityTables</Role>
      <ShortName>Equity (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/Equity</ParentRole>
      <Position>49</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R50.htm</HtmlFileName>
      <LongName>231023017 - Disclosure - Equity Compensation Plans (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/EquityCompensationPlansTables</Role>
      <ShortName>Equity Compensation Plans (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/EquityCompensationPlans</ParentRole>
      <Position>50</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R51.htm</HtmlFileName>
      <LongName>231063018 - Disclosure - Mortgage Banking Activities, Net (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetTables</Role>
      <ShortName>Mortgage Banking Activities, Net (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/MortgageBankingActivitiesNet</ParentRole>
      <Position>51</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R52.htm</HtmlFileName>
      <LongName>231093019 - Disclosure - Other Income (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/OtherIncomeTables</Role>
      <ShortName>Other Income (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/OtherIncome</ParentRole>
      <Position>52</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R53.htm</HtmlFileName>
      <LongName>231123020 - Disclosure - General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesTables</Role>
      <ShortName>General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpenses</ParentRole>
      <Position>53</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R54.htm</HtmlFileName>
      <LongName>231153021 - Disclosure - Taxes (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/TaxesTables</Role>
      <ShortName>Taxes (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/Taxes</ParentRole>
      <Position>54</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R55.htm</HtmlFileName>
      <LongName>231193022 - Disclosure - Segment Information (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/SegmentInformationTables</Role>
      <ShortName>Segment Information (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/SegmentInformation</ParentRole>
      <Position>55</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R56.htm</HtmlFileName>
      <LongName>240024001 - Disclosure - Organization (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/OrganizationDetails</Role>
      <ShortName>Organization (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/Organization</ParentRole>
      <Position>56</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R57.htm</HtmlFileName>
      <LongName>240054002 - Disclosure - Basis of Presentation - Narrative (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails</Role>
      <ShortName>Basis of Presentation - Narrative (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>57</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R58.htm</HtmlFileName>
      <LongName>240064003 - Disclosure - Basis of Presentation - Intangible Assets ??? Activity (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails</Role>
      <ShortName>Basis of Presentation - Intangible Assets ??? Activity (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>58</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R59.htm</HtmlFileName>
      <LongName>240074004 - Disclosure - Basis of Presentation - Intangible Asset Amortization Expense by Year (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails</Role>
      <ShortName>Basis of Presentation - Intangible Asset Amortization Expense by Year (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>59</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R60.htm</HtmlFileName>
      <LongName>240114005 - Disclosure - Summary of Significant Accounting Policies - Offsetting of Financial Assets, Liabilities, and Collateral (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails</Role>
      <ShortName>Summary of Significant Accounting Policies - Offsetting of Financial Assets, Liabilities, and Collateral (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>60</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R61.htm</HtmlFileName>
      <LongName>240144006 - Disclosure - Principles of Consolidation - Additional Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails</Role>
      <ShortName>Principles of Consolidation - Additional Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>61</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R62.htm</HtmlFileName>
      <LongName>240154007 - Disclosure - Principles of Consolidation - Assets and Liabilities of Consolidated Variable Interest Entities Accounted for as Collateralized Financing Entities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails</Role>
      <ShortName>Principles of Consolidation - Assets and Liabilities of Consolidated Variable Interest Entities Accounted for as Collateralized Financing Entities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>62</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R63.htm</HtmlFileName>
      <LongName>240164008 - Disclosure - Principles of Consolidation - Income (Loss) from Consolidated VIEs Accounted for as Collateralized Financing Entities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails</Role>
      <ShortName>Principles of Consolidation - Income (Loss) from Consolidated VIEs Accounted for as Collateralized Financing Entities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>63</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R64.htm</HtmlFileName>
      <LongName>240174009 - Disclosure - Principles of Consolidation - Securitization Activity Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails</Role>
      <ShortName>Principles of Consolidation - Securitization Activity Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>64</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R65.htm</HtmlFileName>
      <LongName>240184010 - Disclosure - Principles of Consolidation - Cash Flows Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails</Role>
      <ShortName>Principles of Consolidation - Cash Flows Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>65</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R66.htm</HtmlFileName>
      <LongName>240194011 - Disclosure - Principles of Consolidation - Assumptions Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails</Role>
      <ShortName>Principles of Consolidation - Assumptions Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>66</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R67.htm</HtmlFileName>
      <LongName>240204012 - Disclosure - Principles of Consolidation - Summary of Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails</Role>
      <ShortName>Principles of Consolidation - Summary of Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>67</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R68.htm</HtmlFileName>
      <LongName>240214013 - Disclosure - Principles of Consolidation - Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails</Role>
      <ShortName>Principles of Consolidation - Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>68</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R69.htm</HtmlFileName>
      <LongName>240224014 - Disclosure - Principles of Consolidation - Summary of Redwood's Interest in Third-Party Variable Interest Entity's (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails</Role>
      <ShortName>Principles of Consolidation - Summary of Redwood's Interest in Third-Party Variable Interest Entity's (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>69</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R70.htm</HtmlFileName>
      <LongName>240254015 - Disclosure - Fair Value of Financial Instruments - Carrying Values and Estimated Fair Values of Assets and Liabilities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails</Role>
      <ShortName>Fair Value of Financial Instruments - Carrying Values and Estimated Fair Values of Assets and Liabilities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>70</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R71.htm</HtmlFileName>
      <LongName>240264016 - Disclosure - Fair Value of Financial Instruments - Additional Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails</Role>
      <ShortName>Fair Value of Financial Instruments - Additional Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>71</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R72.htm</HtmlFileName>
      <LongName>240274017 - Disclosure - Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails</Role>
      <ShortName>Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>72</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R73.htm</HtmlFileName>
      <LongName>240284018 - Disclosure - Fair Value of Financial Instruments - Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails</Role>
      <ShortName>Fair Value of Financial Instruments - Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>73</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R74.htm</HtmlFileName>
      <LongName>240294019 - Disclosure - Fair Value of Financial Instruments - Portion of Net Gains (Losses) Attributable to Level 3 Assets and Liabilities Still Held Included in Net Income (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails</Role>
      <ShortName>Fair Value of Financial Instruments - Portion of Net Gains (Losses) Attributable to Level 3 Assets and Liabilities Still Held Included in Net Income (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>74</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R75.htm</HtmlFileName>
      <LongName>240304020 - Disclosure - Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on Non-Recurring Basis (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails</Role>
      <ShortName>Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on Non-Recurring Basis (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>75</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R76.htm</HtmlFileName>
      <LongName>240314021 - Disclosure - Fair Value of Financial Instruments - Market Valuation Adjustments, Net (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails</Role>
      <ShortName>Fair Value of Financial Instruments - Market Valuation Adjustments, Net (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>76</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R77.htm</HtmlFileName>
      <LongName>240324022 - Disclosure - Fair Value of Financial Instruments - Quantitative Information about Significant Unobservable Inputs Used in Valuation of Level 3 Assets and Liabilities Measured at Fair Value (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails</Role>
      <ShortName>Fair Value of Financial Instruments - Quantitative Information about Significant Unobservable Inputs Used in Valuation of Level 3 Assets and Liabilities Measured at Fair Value (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>77</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R78.htm</HtmlFileName>
      <LongName>240354023 - Disclosure - Residential Loans - Summary of Classifications and Carrying Value of Residential Loans (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails</Role>
      <ShortName>Residential Loans - Summary of Classifications and Carrying Value of Residential Loans (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>78</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R79.htm</HtmlFileName>
      <LongName>240364024 - Disclosure - Residential Loans - Additional Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/ResidentialLoansAdditionalInformationDetails</Role>
      <ShortName>Residential Loans - Additional Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>79</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R80.htm</HtmlFileName>
      <LongName>240374025 - Disclosure - Residential Loans - Characteristics of Residential Loans Held-for-Sale (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails</Role>
      <ShortName>Residential Loans - Characteristics of Residential Loans Held-for-Sale (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>80</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R81.htm</HtmlFileName>
      <LongName>240384026 - Disclosure - Residential Loans - Quarterly Activity of Residential Loans Held-for-Sale (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails</Role>
      <ShortName>Residential Loans - Quarterly Activity of Residential Loans Held-for-Sale (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>81</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R82.htm</HtmlFileName>
      <LongName>240394027 - Disclosure - Residential Loans - Characteristics of Loans Held-for-Investment (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails</Role>
      <ShortName>Residential Loans - Characteristics of Loans Held-for-Investment (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>82</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R83.htm</HtmlFileName>
      <LongName>240404028 - Disclosure - Residential Loans - Quarterly Activity of Residential Loans Held-for-Investment (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails</Role>
      <ShortName>Residential Loans - Quarterly Activity of Residential Loans Held-for-Investment (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>83</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R84.htm</HtmlFileName>
      <LongName>240434029 - Disclosure - Business Purpose Loans - Classifications and Carrying Values of Business Purpose Residential Loans (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails</Role>
      <ShortName>Business Purpose Loans - Classifications and Carrying Values of Business Purpose Residential Loans (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>84</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R85.htm</HtmlFileName>
      <LongName>240444030 - Disclosure - Business Purpose Loans - Activity and Characteristics of Business Purpose Loans (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails</Role>
      <ShortName>Business Purpose Loans - Activity and Characteristics of Business Purpose Loans (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>85</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R86.htm</HtmlFileName>
      <LongName>240474031 - Disclosure - Multifamily Loans (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/MultifamilyLoansDetails</Role>
      <ShortName>Multifamily Loans (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/MultifamilyLoansTables</ParentRole>
      <Position>86</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R87.htm</HtmlFileName>
      <LongName>240504032 - Disclosure - Real Estate Securities - Fair Values of Real Estate Securities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails</Role>
      <ShortName>Real Estate Securities - Fair Values of Real Estate Securities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>87</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R88.htm</HtmlFileName>
      <LongName>240514033 - Disclosure - Real Estate Securities - Trading Securities by Collateral Type (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails</Role>
      <ShortName>Real Estate Securities - Trading Securities by Collateral Type (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>88</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R89.htm</HtmlFileName>
      <LongName>240524034 - Disclosure - Real Estate Securities - Available for Sale Securities by Collateral Type (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails</Role>
      <ShortName>Real Estate Securities - Available for Sale Securities by Collateral Type (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>89</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R90.htm</HtmlFileName>
      <LongName>240534035 - Disclosure - Real Estate Securities - Additional Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails</Role>
      <ShortName>Real Estate Securities - Additional Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>90</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R91.htm</HtmlFileName>
      <LongName>240544036 - Disclosure - Real Estate Securities - Components of Carrying Value (Which Equals Fair Value) of Residential Available for Sale Securities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails</Role>
      <ShortName>Real Estate Securities - Components of Carrying Value (Which Equals Fair Value) of Residential Available for Sale Securities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>91</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R92.htm</HtmlFileName>
      <LongName>240554037 - Disclosure - Real Estate Securities - Changes of Unamortized Discount and Designated Credit Reserves on Residential Available for Sale Securities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails</Role>
      <ShortName>Real Estate Securities - Changes of Unamortized Discount and Designated Credit Reserves on Residential Available for Sale Securities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>92</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R93.htm</HtmlFileName>
      <LongName>240564038 - Disclosure - Real Estate Securities - Components of Carrying Value of Residential Available for Sale Securities in Unrealized Loss Position (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails</Role>
      <ShortName>Real Estate Securities - Components of Carrying Value of Residential Available for Sale Securities in Unrealized Loss Position (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>93</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R94.htm</HtmlFileName>
      <LongName>240574039 - Disclosure - Real Estate Securities - Summary of Significant Valuation Assumptions for Available for Sale Securities Credit Loss (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails</Role>
      <ShortName>Real Estate Securities - Summary of Significant Valuation Assumptions for Available for Sale Securities Credit Loss (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>94</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R95.htm</HtmlFileName>
      <LongName>240584040 - Disclosure - Real Estate Securities - Activity of Allowance for Credit Losses for Available-for-sale Securities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails</Role>
      <ShortName>Real Estate Securities - Activity of Allowance for Credit Losses for Available-for-sale Securities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>95</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R96.htm</HtmlFileName>
      <LongName>240594041 - Disclosure - Real Estate Securities - Gross Realized Gains and Losses on Sales and Calls of Available for Sale Securities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails</Role>
      <ShortName>Real Estate Securities - Gross Realized Gains and Losses on Sales and Calls of Available for Sale Securities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>96</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R97.htm</HtmlFileName>
      <LongName>240624042 - Disclosure - Other Investments - Summary of Other Investments (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails</Role>
      <ShortName>Other Investments - Summary of Other Investments (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>97</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R98.htm</HtmlFileName>
      <LongName>240634043 - Disclosure - Other Investments - Additional Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails</Role>
      <ShortName>Other Investments - Additional Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>98</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R99.htm</HtmlFileName>
      <LongName>240644044 - Disclosure - Other Investments - Servicing Advance Investments (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails</Role>
      <ShortName>Other Investments - Servicing Advance Investments (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>99</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R100.htm</HtmlFileName>
      <LongName>240674045 - Disclosure - Derivative Financial Instruments - Aggregate Fair Value and Notional Amount of Derivative Financial Instruments (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails</Role>
      <ShortName>Derivative Financial Instruments - Aggregate Fair Value and Notional Amount of Derivative Financial Instruments (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>100</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R101.htm</HtmlFileName>
      <LongName>240684046 - Disclosure - Derivative Financial Instruments - Additional Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails</Role>
      <ShortName>Derivative Financial Instruments - Additional Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>101</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R102.htm</HtmlFileName>
      <LongName>240694047 - Disclosure - Derivative Financial Instruments - Impact on Interest Expense of Interest Rate Agreements Accounted for as Cash Flow Hedges (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails</Role>
      <ShortName>Derivative Financial Instruments - Impact on Interest Expense of Interest Rate Agreements Accounted for as Cash Flow Hedges (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>102</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R103.htm</HtmlFileName>
      <LongName>240724048 - Disclosure - Other Assets and Liabilities - Components of Other Assets (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails</Role>
      <ShortName>Other Assets and Liabilities - Components of Other Assets (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>103</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R104.htm</HtmlFileName>
      <LongName>240734049 - Disclosure - Other Assets and Liabilities - Accrued Expenses and Other Liabilities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails</Role>
      <ShortName>Other Assets and Liabilities - Accrued Expenses and Other Liabilities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>104</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R105.htm</HtmlFileName>
      <LongName>240744050 - Disclosure - Other Assets and Liabilities - REO Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails</Role>
      <ShortName>Other Assets and Liabilities - REO Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>105</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R106.htm</HtmlFileName>
      <LongName>240774051 - Disclosure - Short-Term Debt - Outstanding Balances of Short-Term Debt by Type of Collateral Securing Debt (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails</Role>
      <ShortName>Short-Term Debt - Outstanding Balances of Short-Term Debt by Type of Collateral Securing Debt (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>106</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R107.htm</HtmlFileName>
      <LongName>240784052 - Disclosure - Short-Term Debt - Collateral for Short-Term Debt Facilities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails</Role>
      <ShortName>Short-Term Debt - Collateral for Short-Term Debt Facilities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>107</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R108.htm</HtmlFileName>
      <LongName>240794053 - Disclosure - Short-Term Debt - Additional Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails</Role>
      <ShortName>Short-Term Debt - Additional Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>108</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R109.htm</HtmlFileName>
      <LongName>240804054 - Disclosure - Short-Term Debt - Remaining Maturities of Short Term Debt (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails</Role>
      <ShortName>Short-Term Debt - Remaining Maturities of Short Term Debt (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>109</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R110.htm</HtmlFileName>
      <LongName>240834055 - Disclosure - Asset-Backed Securities Issued - Components of Asset-Backed Securities Issued by Consolidated Securitization Entities Sponsored, Along With Other Selected Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails</Role>
      <ShortName>Asset-Backed Securities Issued - Components of Asset-Backed Securities Issued by Consolidated Securitization Entities Sponsored, Along With Other Selected Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>110</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R111.htm</HtmlFileName>
      <LongName>240844056 - Disclosure - Asset-Backed Securities Issued - Additional Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails</Role>
      <ShortName>Asset-Backed Securities Issued - Additional Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>111</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R112.htm</HtmlFileName>
      <LongName>240854057 - Disclosure - Asset-Backed Securities Issued - Accrued Interest Payable (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails</Role>
      <ShortName>Asset-Backed Securities Issued - Accrued Interest Payable (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>112</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R113.htm</HtmlFileName>
      <LongName>240884058 - Disclosure - Long-Term Debt - Schedule of Components of Long-Term Debt (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails</Role>
      <ShortName>Long-Term Debt - Schedule of Components of Long-Term Debt (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>113</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R114.htm</HtmlFileName>
      <LongName>240894059 - Disclosure - Long-Term Debt - Schedule of Collateral for Long-Term Debt (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails</Role>
      <ShortName>Long-Term Debt - Schedule of Collateral for Long-Term Debt (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>114</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R115.htm</HtmlFileName>
      <LongName>240904060 - Disclosure - Long-Term Debt - Schedule of Accrued Interest Payable on Long Term Debt (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails</Role>
      <ShortName>Long-Term Debt - Schedule of Accrued Interest Payable on Long Term Debt (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>115</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R116.htm</HtmlFileName>
      <LongName>240934061 - Disclosure - Commitments and Contingencies - Additional Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails</Role>
      <ShortName>Commitments and Contingencies - Additional Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>116</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R117.htm</HtmlFileName>
      <LongName>240944062 - Disclosure - Commitments and Contingencies - Future Lease Commitments (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails</Role>
      <ShortName>Commitments and Contingencies - Future Lease Commitments (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>117</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R118.htm</HtmlFileName>
      <LongName>240974063 - Disclosure - Equity - Changes to Accumulated Other Comprehensive Income (Loss) by Component (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails</Role>
      <ShortName>Equity - Changes to Accumulated Other Comprehensive Income (Loss) by Component (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>118</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R119.htm</HtmlFileName>
      <LongName>240984064 - Disclosure - Equity - Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails</Role>
      <ShortName>Equity - Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>119</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R120.htm</HtmlFileName>
      <LongName>240994065 - Disclosure - Equity - Additional Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails</Role>
      <ShortName>Equity - Additional Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>120</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R121.htm</HtmlFileName>
      <LongName>241004066 - Disclosure - Equity - Basic and Diluted Earnings Per Common Share (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails</Role>
      <ShortName>Equity - Basic and Diluted Earnings Per Common Share (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>121</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R122.htm</HtmlFileName>
      <LongName>241034067 - Disclosure - Equity Compensation Plans - Additional Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails</Role>
      <ShortName>Equity Compensation Plans - Additional Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>122</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R123.htm</HtmlFileName>
      <LongName>241044068 - Disclosure - Equity Compensation Plans - Unrecognized Compensation Cost (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails</Role>
      <ShortName>Equity Compensation Plans - Unrecognized Compensation Cost (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>123</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R124.htm</HtmlFileName>
      <LongName>241074069 - Disclosure - Mortgage Banking Activities, Net - Components of Mortgage Banking Activities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails</Role>
      <ShortName>Mortgage Banking Activities, Net - Components of Mortgage Banking Activities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>124</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R125.htm</HtmlFileName>
      <LongName>241104070 - Disclosure - Other Income (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/OtherIncomeDetails</Role>
      <ShortName>Other Income (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.redwoodtrust.com/role/OtherIncomeTables</ParentRole>
      <Position>125</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R126.htm</HtmlFileName>
      <LongName>241134071 - Disclosure - General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses - Components of General and Administrative Expenses and Other Expenses (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails</Role>
      <ShortName>General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses - Components of General and Administrative Expenses and Other Expenses (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>126</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R127.htm</HtmlFileName>
      <LongName>241164072 - Disclosure - Taxes - Additional Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/TaxesAdditionalInformationDetails</Role>
      <ShortName>Taxes - Additional Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>127</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R128.htm</HtmlFileName>
      <LongName>241174073 - Disclosure - Taxes - Reconciliation of Statutory Tax Rate to Effective Tax Rate (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails</Role>
      <ShortName>Taxes - Reconciliation of Statutory Tax Rate to Effective Tax Rate (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>128</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R129.htm</HtmlFileName>
      <LongName>241204074 - Disclosure - Segment Information - Additional Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/SegmentInformationAdditionalInformationDetails</Role>
      <ShortName>Segment Information - Additional Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>129</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R130.htm</HtmlFileName>
      <LongName>241214075 - Disclosure - Segment Information - Financial Information by Segment (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails</Role>
      <ShortName>Segment Information - Financial Information by Segment (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>130</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R131.htm</HtmlFileName>
      <LongName>241224076 - Disclosure - Segment Information - Components of Corporate/Other (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails</Role>
      <ShortName>Segment Information - Components of Corporate/Other (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>131</Position>
    </Report>
    <Report instance="rwt-20210331.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R132.htm</HtmlFileName>
      <LongName>241234077 - Disclosure - Segment Information - Supplemental Information by Segment (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails</Role>
      <ShortName>Segment Information - Supplemental Information by Segment (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>132</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="10-Q" original="rwt-20210331.htm">rwt-20210331.htm</File>
    <File>rwt-20210331.xsd</File>
    <File>rwt-20210331_cal.xml</File>
    <File>rwt-20210331_def.xml</File>
    <File>rwt-20210331_lab.xml</File>
    <File>rwt-20210331_pre.xml</File>
    <File>rwtex1011q21.htm</File>
    <File>rwtex1021q21.htm</File>
    <File>rwtex1031q21.htm</File>
    <File>rwtex3111q21.htm</File>
    <File>rwtex3121q21.htm</File>
    <File>rwtex3211q21.htm</File>
    <File>rwtex3221q21.htm</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy>http://fasb.org/us-gaap/2020-01-31</BaseTaxonomy>
    <BaseTaxonomy>http://fasb.org/srt/2020-01-31</BaseTaxonomy>
    <BaseTaxonomy>http://xbrl.sec.gov/dei/2020-01-31</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>true</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>153
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "instance": {
  "rwt-20210331.htm": {
   "axisCustom": 0,
   "axisStandard": 44,
   "contextCount": 1084,
   "dts": {
    "calculationLink": {
     "local": [
      "rwt-20210331_cal.xml"
     ]
    },
    "definitionLink": {
     "local": [
      "rwt-20210331_def.xml"
     ],
     "remote": [
      "http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-eedm-def-2020-01-31.xml",
      "http://xbrl.fasb.org/srt/2020/elts/srt-eedm1-def-2020-01-31.xml"
     ]
    },
    "inline": {
     "local": [
      "rwt-20210331.htm"
     ]
    },
    "labelLink": {
     "local": [
      "rwt-20210331_lab.xml"
     ],
     "remote": [
      "http://xbrl.fasb.org/srt/2020/elts/srt-doc-2020-01-31.xml",
      "http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-doc-2020-01-31.xml",
      "https://xbrl.sec.gov/dei/2020/dei-doc-2020-01-31.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "rwt-20210331_pre.xml"
     ]
    },
    "referenceLink": {
     "remote": [
      "http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-ref-2020-01-31.xml",
      "https://xbrl.sec.gov/dei/2020/dei-ref-2020-01-31.xml",
      "http://xbrl.fasb.org/srt/2020/elts/srt-ref-2020-01-31.xml"
     ]
    },
    "schema": {
     "local": [
      "rwt-20210331.xsd"
     ],
     "remote": [
      "http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd",
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd",
      "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "http://xbrl.fasb.org/srt/2020/elts/srt-types-2020-01-31.xsd",
      "http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd",
      "http://xbrl.fasb.org/us-gaap/2020/elts/us-roles-2020-01-31.xsd",
      "http://xbrl.fasb.org/srt/2020/elts/srt-roles-2020-01-31.xsd",
      "https://xbrl.sec.gov/country/2020/country-2020-01-31.xsd",
      "http://xbrl.fasb.org/us-gaap/2020/elts/us-types-2020-01-31.xsd",
      "https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/reference-2009-12-16.xsd",
      "http://xbrl.fasb.org/us-gaap/2020/elts/us-parts-codification-2020-01-31.xsd"
     ]
    }
   },
   "elementCount": 1000,
   "entityCount": 1,
   "hidden": {
    "http://fasb.org/us-gaap/2020-01-31": 2,
    "http://www.redwoodtrust.com/20210331": 1,
    "http://xbrl.sec.gov/dei/2020-01-31": 5,
    "total": 8
   },
   "keyCustom": 160,
   "keyStandard": 500,
   "memberCustom": 133,
   "memberStandard": 69,
   "nsprefix": "rwt",
   "nsuri": "http://www.redwoodtrust.com/20210331",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "000010001 - Document - Cover Page",
     "role": "http://www.redwoodtrust.com/role/CoverPage",
     "shortName": "Cover Page",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R10": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:NatureOfOperations",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "210011001 - Disclosure - Organization",
     "role": "http://www.redwoodtrust.com/role/Organization",
     "shortName": "Organization",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:NatureOfOperations",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R100": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfDerivativeInstrumentsTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DerivativeFairValueOfDerivativeNet",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240674045 - Disclosure - Derivative Financial Instruments - Aggregate Fair Value and Notional Amount of Derivative Financial Instruments (Details)",
     "role": "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails",
     "shortName": "Derivative Financial Instruments - Aggregate Fair Value and Notional Amount of Derivative Financial Instruments (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfDerivativeInstrumentsTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DerivativeFairValueOfDerivativeNet",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R101": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfDerivativeInstrumentsTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DerivativeNotionalAmount",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240684046 - Disclosure - Derivative Financial Instruments - Additional Information (Details)",
     "role": "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
     "shortName": "Derivative Financial Instruments - Additional Information (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "ie8d5b97677a7449fbf1b1a8a65552cf0_D20210101-20210331",
      "decimals": "-6",
      "lang": "en-US",
      "name": "us-gaap:CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R102": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InterestExpense",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240694047 - Disclosure - Derivative Financial Instruments - Impact on Interest Expense of Interest Rate Agreements Accounted for as Cash Flow Hedges (Details)",
     "role": "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails",
     "shortName": "Derivative Financial Instruments - Impact on Interest Expense of Interest Rate Agreements Accounted for as Cash Flow Hedges (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i592085d52ce74349be13ac49886564a4_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "rwt:InterestExpenseCashFlowHedge",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R103": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfOtherAssetsTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InterestReceivable",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240724048 - Disclosure - Other Assets and Liabilities - Components of Other Assets (Details)",
     "role": "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails",
     "shortName": "Other Assets and Liabilities - Components of Other Assets (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfOtherAssetsTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:AccruedInvestmentIncomeReceivable",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R104": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:AccruedExpensesAndOtherLiabilitiesTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:MarginPayable",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240734049 - Disclosure - Other Assets and Liabilities - Accrued Expenses and Other Liabilities (Details)",
     "role": "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails",
     "shortName": "Other Assets and Liabilities - Accrued Expenses and Other Liabilities (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:AccruedExpensesAndOtherLiabilitiesTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:MarginPayable",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R105": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:OtherRealEstateRollForwardTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "ib99d3b5a0c9f449baebb20d28f6f5569_I20201231",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:RealEstateAcquiredThroughForeclosure",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240744050 - Disclosure - Other Assets and Liabilities - REO Information (Details)",
     "role": "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails",
     "shortName": "Other Assets and Liabilities - REO Information (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:OtherRealEstateRollForwardTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:RealEstateAcquisitionsThroughForeclosures",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R106": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:ScheduleOfMaturitiesOfDebtDisclosureTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ShortTermBorrowings",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240774051 - Disclosure - Short-Term Debt - Outstanding Balances of Short-Term Debt by Type of Collateral Securing Debt (Details)",
     "role": "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails",
     "shortName": "Short-Term Debt - Outstanding Balances of Short-Term Debt by Type of Collateral Securing Debt (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfShortTermDebtTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i5f0633799e684b9caa13b5cf327093f3_D20210101-20210331",
      "decimals": "INF",
      "lang": "en-US",
      "name": "rwt:NumberOfFacilities",
      "reportCount": 1,
      "unique": true,
      "unitRef": "facility",
      "xsiNil": "false"
     }
    },
    "R107": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:ScheduleCollateralforShortTermDebtTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:ShorttermDebtPledgedasCollateral",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240784052 - Disclosure - Short-Term Debt - Collateral for Short-Term Debt Facilities (Details)",
     "role": "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails",
     "shortName": "Short-Term Debt - Collateral for Short-Term Debt Facilities (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:ScheduleCollateralforShortTermDebtTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:ShorttermDebtPledgedasCollateral",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R108": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-6",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ShorttermDebtAverageOutstandingAmount",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240794053 - Disclosure - Short-Term Debt - Additional Information (Details)",
     "role": "http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails",
     "shortName": "Short-Term Debt - Additional Information (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-6",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ShorttermDebtAverageOutstandingAmount",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R109": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:ScheduleOfMaturitiesOfDebtDisclosureTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ShortTermBorrowings",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240804054 - Disclosure - Short-Term Debt - Remaining Maturities of Short Term Debt (Details)",
     "role": "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails",
     "shortName": "Short-Term Debt - Remaining Maturities of Short Term Debt (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:ScheduleOfMaturitiesOfDebtDisclosureTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i2e2a720daea4424981a9a3bfc0a9266e_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:ShortTermBorrowings",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R11": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "210031002 - Disclosure - Basis of Presentation",
     "role": "http://www.redwoodtrust.com/role/BasisofPresentation",
     "shortName": "Basis of Presentation",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R110": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfDebtInstrumentsTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DebtInstrumentCarryingAmount",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240834055 - Disclosure - Asset-Backed Securities Issued - Components of Asset-Backed Securities Issued by Consolidated Securitization Entities Sponsored, Along With Other Selected Information (Details)",
     "role": "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
     "shortName": "Asset-Backed Securities Issued - Components of Asset-Backed Securities Issued by Consolidated Securitization Entities Sponsored, Along With Other Selected Information (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i86c7bc80ef72497ca7684259fbce39c4_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:LongTermDebt",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R111": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "2",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:VariableInterestEntityOwnershipPercentage",
      "reportCount": 1,
      "unitRef": "number",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240844056 - Disclosure - Asset-Backed Securities Issued - Additional Information (Details)",
     "role": "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails",
     "shortName": "Asset-Backed Securities Issued - Additional Information (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i03712078428c475f8fc0110505c7a4f2_D20200701-20200930",
      "decimals": "INF",
      "lang": "en-US",
      "name": "us-gaap:VariableInterestEntityOwnershipPercentage",
      "reportCount": 1,
      "unique": true,
      "unitRef": "number",
      "xsiNil": "false"
     }
    },
    "R112": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:AmortizationOfFinancingCosts",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240854057 - Disclosure - Asset-Backed Securities Issued - Accrued Interest Payable (Details)",
     "role": "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails",
     "shortName": "Asset-Backed Securities Issued - Accrued Interest Payable (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:AmortizationOfFinancingCosts",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R113": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfDebtInstrumentsTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DebtInstrumentCarryingAmount",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240884058 - Disclosure - Long-Term Debt - Schedule of Components of Long-Term Debt (Details)",
     "role": "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails",
     "shortName": "Long-Term Debt - Schedule of Components of Long-Term Debt (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfDebtInstrumentsTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R114": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DebtInstrumentCollateralAmount",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240894059 - Disclosure - Long-Term Debt - Schedule of Collateral for Long-Term Debt (Details)",
     "role": "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails",
     "shortName": "Long-Term Debt - Schedule of Collateral for Long-Term Debt (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "iea392b2ed4444379a39a9bc0e6ddb1fc_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:DebtInstrumentCollateralAmount",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R115": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:InterestPayableNoncurrent",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240904060 - Disclosure - Long-Term Debt - Schedule of Accrued Interest Payable on Long Term Debt (Details)",
     "role": "http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails",
     "shortName": "Long-Term Debt - Schedule of Accrued Interest Payable on Long Term Debt (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:InterestPayableNoncurrent",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R116": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "rwt:LesseeNumberOfLeases",
      "reportCount": 1,
      "unique": true,
      "unitRef": "lease",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240934061 - Disclosure - Commitments and Contingencies - Additional Information (Details)",
     "role": "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
     "shortName": "Commitments and Contingencies - Additional Information (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "rwt:LesseeNumberOfLeases",
      "reportCount": 1,
      "unique": true,
      "unitRef": "lease",
      "xsiNil": "false"
     }
    },
    "R117": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240944062 - Disclosure - Commitments and Contingencies - Future Lease Commitments (Details)",
     "role": "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails",
     "shortName": "Commitments and Contingencies - Future Lease Commitments (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R118": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "ib99d3b5a0c9f449baebb20d28f6f5569_I20201231",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:StockholdersEquity",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240974063 - Disclosure - Equity - Changes to Accumulated Other Comprehensive Income (Loss) by Component (Details)",
     "role": "http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails",
     "shortName": "Equity - Changes to Accumulated Other Comprehensive Income (Loss) by Component (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i201206434436445e9032fc44632b185f_I20201231",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:StockholdersEquity",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R119": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:UnrealizedGainLossOnInvestments",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240984064 - Disclosure - Equity - Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Details)",
     "role": "http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails",
     "shortName": "Equity - Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "ib8ec02bff54e4042b0fd3a2022fd3801_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:UnrealizedGainLossOnInvestments",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R12": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:SignificantAccountingPoliciesTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "210081003 - Disclosure - Summary of Significant Accounting Policies",
     "role": "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPolicies",
     "shortName": "Summary of Significant Accounting Policies",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:SignificantAccountingPoliciesTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R120": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i58c0e645ed7549859a09fd9905db4fe6_I20180228",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:StockRepurchaseProgramAuthorizedAmount1",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240994065 - Disclosure - Equity - Additional Information (Details)",
     "role": "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails",
     "shortName": "Equity - Additional Information (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i58c0e645ed7549859a09fd9905db4fe6_I20180228",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:StockRepurchaseProgramAuthorizedAmount1",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R121": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:NetIncomeLoss",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "241004066 - Disclosure - Equity - Basic and Diluted Earnings Per Common Share (Details)",
     "role": "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails",
     "shortName": "Equity - Basic and Diluted Earnings Per Common Share (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R122": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "241034067 - Disclosure - Equity Compensation Plans - Additional Information (Details)",
     "role": "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails",
     "shortName": "Equity Compensation Plans - Additional Information (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "lang": "en-US",
      "name": "us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R123": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "ib99d3b5a0c9f449baebb20d28f6f5569_I20201231",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "241044068 - Disclosure - Equity Compensation Plans - Unrecognized Compensation Cost (Details)",
     "role": "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails",
     "shortName": "Equity Compensation Plans - Unrecognized Compensation Cost (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R124": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:OtherIncome",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "241074069 - Disclosure - Mortgage Banking Activities, Net - Components of Mortgage Banking Activities (Details)",
     "role": "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails",
     "shortName": "Mortgage Banking Activities, Net - Components of Mortgage Banking Activities (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i41bed9ae9f99468c8f24484ad9d49fe3_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:OtherIncome",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R125": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:InterestAndOtherIncomeTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:MortgageServicingRightsIncomeLossNet",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "241104070 - Disclosure - Other Income (Details)",
     "role": "http://www.redwoodtrust.com/role/OtherIncomeDetails",
     "shortName": "Other Income (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:InterestAndOtherIncomeTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "rwt:FHLBCCapitalStockDividend",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R126": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:FixedCompensationExpense",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "241134071 - Disclosure - General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses - Components of General and Administrative Expenses and Other Expenses (Details)",
     "role": "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails",
     "shortName": "General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses - Components of General and Administrative Expenses and Other Expenses (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:FixedCompensationExpense",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R127": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:IncomeTaxExpenseBenefit",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "241164072 - Disclosure - Taxes - Additional Information (Details)",
     "role": "http://www.redwoodtrust.com/role/TaxesAdditionalInformationDetails",
     "shortName": "Taxes - Additional Information (Details)",
     "subGroupType": "details",
     "uniqueAnchor": null
    },
    "R128": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate",
      "reportCount": 1,
      "unique": true,
      "unitRef": "number",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "241174073 - Disclosure - Taxes - Reconciliation of Statutory Tax Rate to Effective Tax Rate (Details)",
     "role": "http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails",
     "shortName": "Taxes - Reconciliation of Statutory Tax Rate to Effective Tax Rate (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate",
      "reportCount": 1,
      "unique": true,
      "unitRef": "number",
      "xsiNil": "false"
     }
    },
    "R129": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:NumberOfOperatingSegments",
      "reportCount": 1,
      "unitRef": "segment",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "241204074 - Disclosure - Segment Information - Additional Information (Details)",
     "role": "http://www.redwoodtrust.com/role/SegmentInformationAdditionalInformationDetails",
     "shortName": "Segment Information - Additional Information (Details)",
     "subGroupType": "details",
     "uniqueAnchor": null
    },
    "R13": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:VariableInterestEntityDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "210121004 - Disclosure - Principles of Consolidation",
     "role": "http://www.redwoodtrust.com/role/PrinciplesofConsolidation",
     "shortName": "Principles of Consolidation",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:VariableInterestEntityDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R130": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InterestAndDividendIncomeOperating",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "241214075 - Disclosure - Segment Information - Financial Information by Segment (Details)",
     "role": "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails",
     "shortName": "Segment Information - Financial Information by Segment (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:OtherOperatingIncomeExpenseNet",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R131": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InterestAndDividendIncomeOperating",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "241224076 - Disclosure - Segment Information - Components of Corporate/Other (Details)",
     "role": "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails",
     "shortName": "Segment Information - Components of Corporate/Other (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:ScheduleOfCorporateAndOtherTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i6655525a48ce4dc2bbb2f90822438b36_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:OtherNonoperatingIncomeExpense",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R132": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:MarketableSecurities",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "241234077 - Disclosure - Segment Information - Supplemental Information by Segment (Details)",
     "role": "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails",
     "shortName": "Segment Information - Supplemental Information by Segment (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:SupplementalBalanceSheetTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i3f4eed86e22440d5b938d23d71da2c6c_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:NotesReceivableNet",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R14": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:FairValueDisclosuresTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "210231005 - Disclosure - Fair Value of Financial Instruments",
     "role": "http://www.redwoodtrust.com/role/FairValueofFinancialInstruments",
     "shortName": "Fair Value of Financial Instruments",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:FairValueDisclosuresTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R15": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock",
      "reportCount": 1,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "210331006 - Disclosure - Residential Loans",
     "role": "http://www.redwoodtrust.com/role/ResidentialLoans",
     "shortName": "Residential Loans",
     "subGroupType": "",
     "uniqueAnchor": null
    },
    "R16": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock",
      "reportCount": 1,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "210411007 - Disclosure - Business Purpose Loans",
     "role": "http://www.redwoodtrust.com/role/BusinessPurposeLoans",
     "shortName": "Business Purpose Loans",
     "subGroupType": "",
     "uniqueAnchor": null
    },
    "R17": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock",
      "reportCount": 1,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "210451008 - Disclosure - Multifamily Loans",
     "role": "http://www.redwoodtrust.com/role/MultifamilyLoans",
     "shortName": "Multifamily Loans",
     "subGroupType": "",
     "uniqueAnchor": null
    },
    "R18": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "210481009 - Disclosure - Real Estate Securities",
     "role": "http://www.redwoodtrust.com/role/RealEstateSecurities",
     "shortName": "Real Estate Securities",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R19": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InvestmentsAndOtherNoncurrentAssetsTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "210601010 - Disclosure - Other Investments",
     "role": "http://www.redwoodtrust.com/role/OtherInvestments",
     "shortName": "Other Investments",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InvestmentsAndOtherNoncurrentAssetsTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R2": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:MarketableSecurities",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "statement",
     "isDefault": "false",
     "longName": "100010002 - Statement - CONSOLIDATED BALANCE SHEETS",
     "role": "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
     "shortName": "CONSOLIDATED BALANCE SHEETS",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:OtherLongTermDebt",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R20": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "210651011 - Disclosure - Derivative Financial Instruments",
     "role": "http://www.redwoodtrust.com/role/DerivativeFinancialInstruments",
     "shortName": "Derivative Financial Instruments",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R21": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:OtherAssetsAndOtherLiabilitiesDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "210701012 - Disclosure - Other Assets and Liabilities",
     "role": "http://www.redwoodtrust.com/role/OtherAssetsandLiabilities",
     "shortName": "Other Assets and Liabilities",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:OtherAssetsAndOtherLiabilitiesDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R22": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ShortTermDebtTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "210751013 - Disclosure - Short-Term Debt",
     "role": "http://www.redwoodtrust.com/role/ShortTermDebt",
     "shortName": "Short-Term Debt",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ShortTermDebtTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R23": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:SecuredBorrowingsDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "210811014 - Disclosure - Asset-Backed Securities Issued",
     "role": "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssued",
     "shortName": "Asset-Backed Securities Issued",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:SecuredBorrowingsDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R24": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:LongTermDebtTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "210861015 - Disclosure - Long-Term Debt",
     "role": "http://www.redwoodtrust.com/role/LongTermDebt",
     "shortName": "Long-Term Debt",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:LongTermDebtTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R25": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "210911016 - Disclosure - Commitments and Contingencies",
     "role": "http://www.redwoodtrust.com/role/CommitmentsandContingencies",
     "shortName": "Commitments and Contingencies",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R26": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "210951017 - Disclosure - Equity",
     "role": "http://www.redwoodtrust.com/role/Equity",
     "shortName": "Equity",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R27": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "211011018 - Disclosure - Equity Compensation Plans",
     "role": "http://www.redwoodtrust.com/role/EquityCompensationPlans",
     "shortName": "Equity Compensation Plans",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R28": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:MortgageBankingAndInvestingActivitiesDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "211051019 - Disclosure - Mortgage Banking Activities, Net",
     "role": "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNet",
     "shortName": "Mortgage Banking Activities, Net",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:MortgageBankingAndInvestingActivitiesDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R29": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InterestAndOtherIncomeTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "211081020 - Disclosure - Other Income",
     "role": "http://www.redwoodtrust.com/role/OtherIncome",
     "shortName": "Other Income",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InterestAndOtherIncomeTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R3": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DebtInstrumentFairValue",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "statement",
     "isDefault": "false",
     "longName": "100020003 - Statement - CONSOLIDATED BALANCE SHEETS (PARENTHETICAL)",
     "role": "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL",
     "shortName": "CONSOLIDATED BALANCE SHEETS (PARENTHETICAL)",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "us-gaap:CommonStockParOrStatedValuePerShare",
       "span",
       "div",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "INF",
      "lang": "en-US",
      "name": "us-gaap:CommonStockParOrStatedValuePerShare",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usdPerShare",
      "xsiNil": "false"
     }
    },
    "R30": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:OtherIncomeAndOtherExpenseDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "211111021 - Disclosure - General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses",
     "role": "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpenses",
     "shortName": "General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:OtherIncomeAndOtherExpenseDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R31": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:IncomeTaxDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "211141022 - Disclosure - Taxes",
     "role": "http://www.redwoodtrust.com/role/Taxes",
     "shortName": "Taxes",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:IncomeTaxDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R32": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:SegmentReportingDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "211181023 - Disclosure - Segment Information",
     "role": "http://www.redwoodtrust.com/role/SegmentInformation",
     "shortName": "Segment Information",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:SegmentReportingDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R33": {
     "firstAnchor": {
      "ancestors": [
       "us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock",
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:BasisOfAccountingPolicyPolicyTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "220092001 - Disclosure - Summary of Significant Accounting Policies (Policies)",
     "role": "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesPolicies",
     "shortName": "Summary of Significant Accounting Policies (Policies)",
     "subGroupType": "policies",
     "uniqueAnchor": {
      "ancestors": [
       "us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock",
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:BasisOfAccountingPolicyPolicyTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R34": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "230043001 - Disclosure - Basis of Presentation (Tables)",
     "role": "http://www.redwoodtrust.com/role/BasisofPresentationTables",
     "shortName": "Basis of Presentation (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R35": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:OffsettingAssetAndLiabilitiesTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "230103002 - Disclosure - Summary of Significant Accounting Policies (Tables)",
     "role": "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesTables",
     "shortName": "Summary of Significant Accounting Policies (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:OffsettingAssetAndLiabilitiesTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R36": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfVariableInterestEntitiesTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "230133003 - Disclosure - Principles of Consolidation (Tables)",
     "role": "http://www.redwoodtrust.com/role/PrinciplesofConsolidationTables",
     "shortName": "Principles of Consolidation (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfVariableInterestEntitiesTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R37": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:FairValueByBalanceSheetGroupingTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "230243004 - Disclosure - Fair Value of Financial Instruments (Tables)",
     "role": "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsTables",
     "shortName": "Fair Value of Financial Instruments (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:FairValueByBalanceSheetGroupingTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R38": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:CarryingValueOfLoansTableTextBlock",
      "reportCount": 1,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "230343005 - Disclosure - Residential Loans (Tables)",
     "role": "http://www.redwoodtrust.com/role/ResidentialLoansTables",
     "shortName": "Residential Loans (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "lang": "en-US",
      "name": "rwt:CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R39": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:CarryingValueOfLoansTableTextBlock",
      "reportCount": 1,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "230423006 - Disclosure - Business Purpose Loans (Tables)",
     "role": "http://www.redwoodtrust.com/role/BusinessPurposeLoansTables",
     "shortName": "Business Purpose Loans (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": null
    },
    "R4": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InterestAndFeeIncomeLoansConsumerRealEstate",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "statement",
     "isDefault": "false",
     "longName": "100030004 - Statement - CONSOLIDATED STATEMENTS OF INCOME (LOSS)",
     "role": "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
     "shortName": "CONSOLIDATED STATEMENTS OF INCOME (LOSS)",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InterestAndFeeIncomeLoansConsumerRealEstate",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R40": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:ScheduleOfMultifamilyLoansTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "230463007 - Disclosure - Multifamily Loans (Tables)",
     "role": "http://www.redwoodtrust.com/role/MultifamilyLoansTables",
     "shortName": "Multifamily Loans (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:ScheduleOfMultifamilyLoansTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R41": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "230493008 - Disclosure - Real Estate Securities (Tables)",
     "role": "http://www.redwoodtrust.com/role/RealEstateSecuritiesTables",
     "shortName": "Real Estate Securities (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R42": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:SummaryOfOtherInvestmentsTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "230613009 - Disclosure - Other Investments (Tables)",
     "role": "http://www.redwoodtrust.com/role/OtherInvestmentsTables",
     "shortName": "Other Investments (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:SummaryOfOtherInvestmentsTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R43": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfDerivativeInstrumentsTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "230663010 - Disclosure - Derivative Financial Instruments (Tables)",
     "role": "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsTables",
     "shortName": "Derivative Financial Instruments (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfDerivativeInstrumentsTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R44": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfOtherAssetsTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "230713011 - Disclosure - Other Assets and Liabilities (Tables)",
     "role": "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesTables",
     "shortName": "Other Assets and Liabilities (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfOtherAssetsTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R45": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfShortTermDebtTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "230763012 - Disclosure - Short-Term Debt (Tables)",
     "role": "http://www.redwoodtrust.com/role/ShortTermDebtTables",
     "shortName": "Short-Term Debt (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfShortTermDebtTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R46": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:ScheduleOfAssetBackedSecuritiesTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "230823013 - Disclosure - Asset-Backed Securities Issued (Tables)",
     "role": "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedTables",
     "shortName": "Asset-Backed Securities Issued (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:ScheduleOfAssetBackedSecuritiesTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R47": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfDebtInstrumentsTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "230873014 - Disclosure - Long-Term Debt (Tables)",
     "role": "http://www.redwoodtrust.com/role/LongTermDebtTables",
     "shortName": "Long-Term Debt (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfDebtInstrumentsTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R48": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "230923015 - Disclosure - Commitments and Contingencies (Tables)",
     "role": "http://www.redwoodtrust.com/role/CommitmentsandContingenciesTables",
     "shortName": "Commitments and Contingencies (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R49": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "230963016 - Disclosure - Equity (Tables)",
     "role": "http://www.redwoodtrust.com/role/EquityTables",
     "shortName": "Equity (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R5": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:NetIncomeLoss",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "statement",
     "isDefault": "false",
     "longName": "100040005 - Statement - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)",
     "role": "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS",
     "shortName": "CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R50": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "231023017 - Disclosure - Equity Compensation Plans (Tables)",
     "role": "http://www.redwoodtrust.com/role/EquityCompensationPlansTables",
     "shortName": "Equity Compensation Plans (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R51": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "231063018 - Disclosure - Mortgage Banking Activities, Net (Tables)",
     "role": "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetTables",
     "shortName": "Mortgage Banking Activities, Net (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "rwt:IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R52": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InterestAndOtherIncomeTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "231093019 - Disclosure - Other Income (Tables)",
     "role": "http://www.redwoodtrust.com/role/OtherIncomeTables",
     "shortName": "Other Income (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InterestAndOtherIncomeTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R53": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "231123020 - Disclosure - General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses (Tables)",
     "role": "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesTables",
     "shortName": "General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R54": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "231153021 - Disclosure - Taxes (Tables)",
     "role": "http://www.redwoodtrust.com/role/TaxesTables",
     "shortName": "Taxes (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R55": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "231193022 - Disclosure - Segment Information (Tables)",
     "role": "http://www.redwoodtrust.com/role/SegmentInformationTables",
     "shortName": "Segment Information (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R56": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:NumberOfOperatingSegments",
      "reportCount": 1,
      "unitRef": "segment",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240024001 - Disclosure - Organization (Details)",
     "role": "http://www.redwoodtrust.com/role/OrganizationDetails",
     "shortName": "Organization (Details)",
     "subGroupType": "details",
     "uniqueAnchor": null
    },
    "R57": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "rwt:NumberOfPartnershipsConsolidated",
      "reportCount": 1,
      "unitRef": "partnership",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240054002 - Disclosure - Basis of Presentation - Narrative (Details)",
     "role": "http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails",
     "shortName": "Basis of Presentation - Narrative (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "ibb655d421b2f4d0d895a60ebf75bb660_I20191231",
      "decimals": "-6",
      "lang": "en-US",
      "name": "us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R58": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:FiniteLivedIntangibleAssetsNet",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240064003 - Disclosure - Basis of Presentation - Intangible Assets \u2013 Activity (Details)",
     "role": "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails",
     "shortName": "Basis of Presentation - Intangible Assets \u2013 Activity (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9f33e73ca17240e39e63af2fd00f76c1_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R59": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240074004 - Disclosure - Basis of Presentation - Intangible Asset Amortization Expense by Year (Details)",
     "role": "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails",
     "shortName": "Basis of Presentation - Intangible Asset Amortization Expense by Year (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R6": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9d20c02db835427a9027df31aebd1aef_I20191231",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:SharesIssued",
      "reportCount": 1,
      "unique": true,
      "unitRef": "shares",
      "xsiNil": "false"
     },
     "groupType": "statement",
     "isDefault": "false",
     "longName": "100050006 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY",
     "role": "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY",
     "shortName": "CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9d20c02db835427a9027df31aebd1aef_I20191231",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:SharesIssued",
      "reportCount": 1,
      "unique": true,
      "unitRef": "shares",
      "xsiNil": "false"
     }
    },
    "R60": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DerivativeAssets",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240114005 - Disclosure - Summary of Significant Accounting Policies - Offsetting of Financial Assets, Liabilities, and Collateral (Details)",
     "role": "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails",
     "shortName": "Summary of Significant Accounting Policies - Offsetting of Financial Assets, Liabilities, and Collateral (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:OffsettingAssetAndLiabilitiesTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R61": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "rwt:NumberOfPartnershipsConsolidated",
      "reportCount": 1,
      "unitRef": "partnership",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240144006 - Disclosure - Principles of Consolidation - Additional Information (Details)",
     "role": "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails",
     "shortName": "Principles of Consolidation - Additional Information (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-6",
      "lang": "en-US",
      "name": "us-gaap:GainLossOnSecuritizationOfFinancialAssets",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R62": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:SummaryOfOtherInvestmentsTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:OtherInvestments",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240154007 - Disclosure - Principles of Consolidation - Assets and Liabilities of Consolidated Variable Interest Entities Accounted for as Collateralized Financing Entities (Details)",
     "role": "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
     "shortName": "Principles of Consolidation - Assets and Liabilities of Consolidated Variable Interest Entities Accounted for as Collateralized Financing Entities (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfVariableInterestEntitiesTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i0c7db8c5261b410fa3906572c9581c92_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:OtherInvestments",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R63": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InterestAndDividendIncomeOperating",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240164008 - Disclosure - Principles of Consolidation - Income (Loss) from Consolidated VIEs Accounted for as Collateralized Financing Entities (Details)",
     "role": "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
     "shortName": "Principles of Consolidation - Income (Loss) from Consolidated VIEs Accounted for as Collateralized Financing Entities (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "if3352bf9c2084aa182011a8af862a39b_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:InterestAndDividendIncomeOperating",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R64": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:PrincipalAmountOfLoansSecuritizedDuringPeriod",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240174009 - Disclosure - Principles of Consolidation - Securitization Activity Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)",
     "role": "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
     "shortName": "Principles of Consolidation - Securitization Activity Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:PrincipalAmountOfLoansSecuritizedDuringPeriod",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R65": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240184010 - Disclosure - Principles of Consolidation - Cash Flows Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)",
     "role": "http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
     "shortName": "Principles of Consolidation - Cash Flows Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i7c75c9569f0449dab1b93baddb3c0c58_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R66": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "id549d917daee4ad691fd062262f8e9a0_D20210101-20210331",
      "decimals": "2",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed",
      "reportCount": 1,
      "unique": true,
      "unitRef": "number",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240194011 - Disclosure - Principles of Consolidation - Assumptions Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)",
     "role": "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
     "shortName": "Principles of Consolidation - Assumptions Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "id549d917daee4ad691fd062262f8e9a0_D20210101-20210331",
      "decimals": "2",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed",
      "reportCount": 1,
      "unique": true,
      "unitRef": "number",
      "xsiNil": "false"
     }
    },
    "R67": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:DebtSecuritiesAvailableForSaleTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:AvailableForSaleSecuritiesDebtSecurities",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240204012 - Disclosure - Principles of Consolidation - Summary of Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)",
     "role": "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
     "shortName": "Principles of Consolidation - Summary of Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "ia5f4f97edfb941b4969cb161d8a250ca_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R68": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i8495bad40b7e417480447a16509a7df0_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InterestsContinuedToBeHeldByTransferorFairValue",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240214013 - Disclosure - Principles of Consolidation - Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)",
     "role": "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
     "shortName": "Principles of Consolidation - Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i8495bad40b7e417480447a16509a7df0_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InterestsContinuedToBeHeldByTransferorFairValue",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R69": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:MarketableSecurities",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240224014 - Disclosure - Principles of Consolidation - Summary of Redwood's Interest in Third-Party Variable Interest Entity's (Details)",
     "role": "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails",
     "shortName": "Principles of Consolidation - Summary of Redwood's Interest in Third-Party Variable Interest Entity's (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "iecf782aaafa84824bed1d8555c09df06_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:MarketableSecurities",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R7": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:CommonStockDividendsPerShareDeclared",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usdPerShare",
      "xsiNil": "false"
     },
     "groupType": "statement",
     "isDefault": "false",
     "longName": "100060007 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical)",
     "role": "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITYParenthetical",
     "shortName": "CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical)",
     "subGroupType": "parenthetical",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:CommonStockDividendsPerShareDeclared",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usdPerShare",
      "xsiNil": "false"
     }
    },
    "R70": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:TradingSecurities",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240254015 - Disclosure - Fair Value of Financial Instruments - Carrying Values and Estimated Fair Values of Assets and Liabilities (Details)",
     "role": "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
     "shortName": "Fair Value of Financial Instruments - Carrying Values and Estimated Fair Values of Assets and Liabilities (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:FairValueByBalanceSheetGroupingTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i65b2dd8e3aec4fe5a7e0df7d1486ee2c_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:TradingSecurities",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R71": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "id1789aae18fb409e82890e3909458dd7_D20210101-20210331",
      "decimals": "-6",
      "first": true,
      "lang": "en-US",
      "name": "rwt:FairValueOptionAssetsAggregateCarryingAmountDuringPeriod",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240264016 - Disclosure - Fair Value of Financial Instruments - Additional Information (Details)",
     "role": "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails",
     "shortName": "Fair Value of Financial Instruments - Additional Information (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "id1789aae18fb409e82890e3909458dd7_D20210101-20210331",
      "decimals": "-6",
      "first": true,
      "lang": "en-US",
      "name": "rwt:FairValueOptionAssetsAggregateCarryingAmountDuringPeriod",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R72": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:TradingSecurities",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240274017 - Disclosure - Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details)",
     "role": "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
     "shortName": "Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i7540b917544b47c6a0de554f00aaeca3_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "rwt:BusinessPurposeLoansFairValueDisclosure",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R73": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "iac3f07a56e594c60bc0856fc337d226c_I20201231",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240284018 - Disclosure - Fair Value of Financial Instruments - Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Details)",
     "role": "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
     "shortName": "Fair Value of Financial Instruments - Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "iac3f07a56e594c60bc0856fc337d226c_I20201231",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R74": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i6dadfc22ba34444995ba067f66249d7a_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240294019 - Disclosure - Fair Value of Financial Instruments - Portion of Net Gains (Losses) Attributable to Level 3 Assets and Liabilities Still Held Included in Net Income (Details)",
     "role": "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
     "shortName": "Fair Value of Financial Instruments - Portion of Net Gains (Losses) Attributable to Level 3 Assets and Liabilities Still Held Included in Net Income (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i6dadfc22ba34444995ba067f66249d7a_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R75": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:FairValueAssetsMeasuredOnNonrecurringBasisTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i33739b4aa720431f94491f32f92cc0d5_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:OtherAssetsFairValueDisclosure",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240304020 - Disclosure - Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on Non-Recurring Basis (Details)",
     "role": "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails",
     "shortName": "Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on Non-Recurring Basis (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:FairValueAssetsMeasuredOnNonrecurringBasisTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i33739b4aa720431f94491f32f92cc0d5_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:OtherAssetsFairValueDisclosure",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R76": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:InterestAndOtherIncomeTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:MortgageServicingRightsIncomeLossNet",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240314021 - Disclosure - Fair Value of Financial Instruments - Market Valuation Adjustments, Net (Details)",
     "role": "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
     "shortName": "Fair Value of Financial Instruments - Market Valuation Adjustments, Net (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "ie0ea2f9a069046359541df8a6c9c34be_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "rwt:IncreaseDecreaseinFairValueAdjustmentsonAssets",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R77": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DebtInstrumentFairValue",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240324022 - Disclosure - Fair Value of Financial Instruments - Quantitative Information about Significant Unobservable Inputs Used in Valuation of Level 3 Assets and Liabilities Measured at Fair Value (Details)",
     "role": "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails",
     "shortName": "Fair Value of Financial Instruments - Quantitative Information about Significant Unobservable Inputs Used in Valuation of Level 3 Assets and Liabilities Measured at Fair Value (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "ib56752672d8e4f2b814e37b33e12b4d0_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:ServicingLiabilityAtFairValueAmount",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R78": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "ic09c7c8bc47240bf8d07fb841ad3e4ef_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:NotesReceivableNet",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240354023 - Disclosure - Residential Loans - Summary of Classifications and Carrying Value of Residential Loans (Details)",
     "role": "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails",
     "shortName": "Residential Loans - Summary of Classifications and Carrying Value of Residential Loans (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i70c1b18111ac4305862dcc8f898aef60_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:NotesReceivableNet",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R79": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i98379a33ecdf4146976d07a4767e009e_I20210331",
      "decimals": "-6",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ServicingAssetAtAmortizedValue",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240364024 - Disclosure - Residential Loans - Additional Information (Details)",
     "role": "http://www.redwoodtrust.com/role/ResidentialLoansAdditionalInformationDetails",
     "shortName": "Residential Loans - Additional Information (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i98379a33ecdf4146976d07a4767e009e_I20210331",
      "decimals": "-6",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ServicingAssetAtAmortizedValue",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R8": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:NetIncomeLoss",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "statement",
     "isDefault": "false",
     "longName": "100070008 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS",
     "role": "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS",
     "shortName": "CONSOLIDATED STATEMENTS OF CASH FLOWS",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:AccretionAmortizationOfDiscountsAndPremiumsInvestments",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R80": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i5321e500999142f182e3b0f98ac7704c_D20210101-20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "srt:MortgageLoansOnRealEstateNumberOfLoans",
      "reportCount": 1,
      "unique": true,
      "unitRef": "loan",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240374025 - Disclosure - Residential Loans - Characteristics of Residential Loans Held-for-Sale (Details)",
     "role": "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails",
     "shortName": "Residential Loans - Characteristics of Residential Loans Held-for-Sale (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i5321e500999142f182e3b0f98ac7704c_D20210101-20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "srt:MortgageLoansOnRealEstateNumberOfLoans",
      "reportCount": 1,
      "unique": true,
      "unitRef": "loan",
      "xsiNil": "false"
     }
    },
    "R81": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i5321e500999142f182e3b0f98ac7704c_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:PrincipalBalanceOfLoansAcquiredDuringPeriod",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240384026 - Disclosure - Residential Loans - Quarterly Activity of Residential Loans Held-for-Sale (Details)",
     "role": "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails",
     "shortName": "Residential Loans - Quarterly Activity of Residential Loans Held-for-Sale (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i5321e500999142f182e3b0f98ac7704c_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:PrincipalBalanceOfLoansAcquiredDuringPeriod",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R82": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i98beae0e2a4649729def4fdbe75f2be2_D20210101-20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "srt:MortgageLoansOnRealEstateNumberOfLoans",
      "reportCount": 1,
      "unique": true,
      "unitRef": "loan",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240394027 - Disclosure - Residential Loans - Characteristics of Loans Held-for-Investment (Details)",
     "role": "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
     "shortName": "Residential Loans - Characteristics of Loans Held-for-Investment (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i98beae0e2a4649729def4fdbe75f2be2_D20210101-20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "srt:MortgageLoansOnRealEstateNumberOfLoans",
      "reportCount": 1,
      "unique": true,
      "unitRef": "loan",
      "xsiNil": "false"
     }
    },
    "R83": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:TransferOfLoansHeldForSaleToPortfolioLoans1",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240404028 - Disclosure - Residential Loans - Quarterly Activity of Residential Loans Held-for-Investment (Details)",
     "role": "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails",
     "shortName": "Residential Loans - Quarterly Activity of Residential Loans Held-for-Investment (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "ife388ac3ec61404ea54f4e2694cccee4_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:MortgageLoansOnRealEstatePeriodIncreaseDecrease",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R84": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i71b61d22a72148a0ab87e1bf45f9b54f_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:NotesReceivableNet",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240434029 - Disclosure - Business Purpose Loans - Classifications and Carrying Values of Business Purpose Residential Loans (Details)",
     "role": "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails",
     "shortName": "Business Purpose Loans - Classifications and Carrying Values of Business Purpose Residential Loans (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i71b61d22a72148a0ab87e1bf45f9b54f_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:NotesReceivableNet",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R85": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:PaymentsToPurchaseLoansHeldForSale",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240444030 - Disclosure - Business Purpose Loans - Activity and Characteristics of Business Purpose Loans (Details)",
     "role": "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
     "shortName": "Business Purpose Loans - Activity and Characteristics of Business Purpose Loans (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "INF",
      "lang": "en-US",
      "name": "rwt:RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans",
      "reportCount": 1,
      "unique": true,
      "unitRef": "loan",
      "xsiNil": "false"
     }
    },
    "R86": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i90e33127c0584ae9a929b38116f475d1_D20210101-20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "srt:MortgageLoansOnRealEstateNumberOfLoans",
      "reportCount": 1,
      "unique": true,
      "unitRef": "loan",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240474031 - Disclosure - Multifamily Loans (Details)",
     "role": "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
     "shortName": "Multifamily Loans (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i90e33127c0584ae9a929b38116f475d1_D20210101-20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "srt:MortgageLoansOnRealEstateNumberOfLoans",
      "reportCount": 1,
      "unique": true,
      "unitRef": "loan",
      "xsiNil": "false"
     }
    },
    "R87": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:TradingSecurities",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240504032 - Disclosure - Real Estate Securities - Fair Values of Real Estate Securities (Details)",
     "role": "http://www.redwoodtrust.com/role/RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails",
     "shortName": "Real Estate Securities - Fair Values of Real Estate Securities (Details)",
     "subGroupType": "details",
     "uniqueAnchor": null
    },
    "R88": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:TradingSecurities",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240514033 - Disclosure - Real Estate Securities - Trading Securities by Collateral Type (Details)",
     "role": "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails",
     "shortName": "Real Estate Securities - Trading Securities by Collateral Type (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:InvestmentOwnedBalancePrincipalAmount",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R89": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:DebtSecuritiesAvailableForSaleTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:AvailableForSaleSecuritiesDebtSecurities",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240524034 - Disclosure - Real Estate Securities - Available for Sale Securities by Collateral Type (Details)",
     "role": "http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails",
     "shortName": "Real Estate Securities - Available for Sale Securities by Collateral Type (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:DebtSecuritiesAvailableForSaleTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:PaymentsToAcquireAvailableForSaleSecuritiesDebt",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R9": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:CashAndCashEquivalentsAtCarryingValue",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "statement",
     "isDefault": "false",
     "longName": "100080009 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (PARENTHETICAL)",
     "role": "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWSPARENTHETICAL",
     "shortName": "CONSOLIDATED STATEMENTS OF CASH FLOWS (PARENTHETICAL)",
     "subGroupType": "",
     "uniqueAnchor": null
    },
    "R90": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "rwt:NumberOfAvailableForSaleSecurities",
      "reportCount": 1,
      "unique": true,
      "unitRef": "investment",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240534035 - Disclosure - Real Estate Securities - Additional Information (Details)",
     "role": "http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails",
     "shortName": "Real Estate Securities - Additional Information (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "rwt:NumberOfAvailableForSaleSecurities",
      "reportCount": 1,
      "unique": true,
      "unitRef": "investment",
      "xsiNil": "false"
     }
    },
    "R91": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:DebtSecuritiesAvailableForSalePrincipalBalance",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240544036 - Disclosure - Real Estate Securities - Components of Carrying Value (Which Equals Fair Value) of Residential Available for Sale Securities (Details)",
     "role": "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails",
     "shortName": "Real Estate Securities - Components of Carrying Value (Which Equals Fair Value) of Residential Available for Sale Securities (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:DebtSecuritiesAvailableForSalePrincipalBalance",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R92": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "ib99d3b5a0c9f449baebb20d28f6f5569_I20201231",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240554037 - Disclosure - Real Estate Securities - Changes of Unamortized Discount and Designated Credit Reserves on Residential Available for Sale Securities (Details)",
     "role": "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails",
     "shortName": "Real Estate Securities - Changes of Unamortized Discount and Designated Credit Reserves on Residential Available for Sale Securities (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "ibed94c5c39314add8bd11d6ebc438122_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R93": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240564038 - Disclosure - Real Estate Securities - Components of Carrying Value of Residential Available for Sale Securities in Unrealized Loss Position (Details)",
     "role": "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails",
     "shortName": "Real Estate Securities - Components of Carrying Value of Residential Available for Sale Securities in Unrealized Loss Position (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i21c5f7b614c04f0b869a6a1f05f8fb45_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R94": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "if3ccfedda0d54ae29b4e123525890e53_D20210101-20210331",
      "decimals": "3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate",
      "reportCount": 1,
      "unique": true,
      "unitRef": "number",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240574039 - Disclosure - Real Estate Securities - Summary of Significant Valuation Assumptions for Available for Sale Securities Credit Loss (Details)",
     "role": "http://www.redwoodtrust.com/role/RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails",
     "shortName": "Real Estate Securities - Summary of Significant Valuation Assumptions for Available for Sale Securities Credit Loss (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "if3ccfedda0d54ae29b4e123525890e53_D20210101-20210331",
      "decimals": "3",
      "first": true,
      "lang": "en-US",
      "name": "rwt:DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate",
      "reportCount": 1,
      "unique": true,
      "unitRef": "number",
      "xsiNil": "false"
     }
    },
    "R95": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "ib99d3b5a0c9f449baebb20d28f6f5569_I20201231",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240584040 - Disclosure - Real Estate Securities - Activity of Allowance for Credit Losses for Available-for-sale Securities (Details)",
     "role": "http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails",
     "shortName": "Real Estate Securities - Activity of Allowance for Credit Losses for Available-for-sale Securities (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R96": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:DebtSecuritiesAvailableForSaleTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DebtSecuritiesAvailableForSaleRealizedGain",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240594041 - Disclosure - Real Estate Securities - Gross Realized Gains and Losses on Sales and Calls of Available for Sale Securities (Details)",
     "role": "http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails",
     "shortName": "Real Estate Securities - Gross Realized Gains and Losses on Sales and Calls of Available for Sale Securities (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "rwt:AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R97": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ServicingAssetAtFairValueAmount",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240624042 - Disclosure - Other Investments - Summary of Other Investments (Details)",
     "role": "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails",
     "shortName": "Other Investments - Summary of Other Investments (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "rwt:SummaryOfOtherInvestmentsTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i99ca24858cd24f648b0dfc2d4f884d89_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "rwt:LoanHeldForInvestmentAmount",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R98": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "rwt:NumberOfPartnershipsConsolidated",
      "reportCount": 1,
      "unitRef": "partnership",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240634043 - Disclosure - Other Investments - Additional Information (Details)",
     "role": "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
     "shortName": "Other Investments - Additional Information (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i9642d4f42dc14e66b5f450e474281296_D20210101-20210331",
      "decimals": "-6",
      "lang": "en-US",
      "name": "rwt:CommitmentToFundPartnership",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R99": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i37d854f74f774173a357ca5981737041_I20210331",
      "decimals": "-3",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ServicingAssetAtFairValueAmount",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "240644044 - Disclosure - Other Investments - Servicing Advance Investments (Details)",
     "role": "http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails",
     "shortName": "Other Investments - Servicing Advance Investments (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "rwt-20210331.htm",
      "contextRef": "i17ad0ca0a06a4336840160254e1a8d4c_I20210331",
      "decimals": "-3",
      "lang": "en-US",
      "name": "rwt:ServicingAssetsAtFairValuePrincipalAndInterestAdvances",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 260,
   "tag": {
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag",
        "terseLabel": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code",
        "terseLabel": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CoverAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cover page.",
        "label": "Cover [Abstract]",
        "terseLabel": "Cover [Abstract]"
       }
      }
     },
     "localname": "CoverAbstract",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "dei_CurrentFiscalYearEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "End date of current fiscal year in the format --MM-DD.",
        "label": "Current Fiscal Year End Date",
        "terseLabel": "Current Fiscal Year End Date"
       }
      }
     },
     "localname": "CurrentFiscalYearEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "gMonthDayItemType"
    },
    "dei_DocumentFiscalPeriodFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.",
        "label": "Document Fiscal Period Focus",
        "terseLabel": "Document Fiscal Period Focus"
       }
      }
     },
     "localname": "DocumentFiscalPeriodFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "fiscalPeriodItemType"
    },
    "dei_DocumentFiscalYearFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.",
        "label": "Document Fiscal Year Focus",
        "terseLabel": "Document Fiscal Year Focus"
       }
      }
     },
     "localname": "DocumentFiscalYearFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "gYearItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is YYYY-MM-DD.",
        "label": "Document Period End Date",
        "terseLabel": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentQuarterlyReport": {
     "auth_ref": [
      "r696"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as an quarterly report.",
        "label": "Document Quarterly Report",
        "terseLabel": "Document Quarterly Report"
       }
      }
     },
     "localname": "DocumentQuarterlyReport",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentTransitionReport": {
     "auth_ref": [
      "r697"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as a transition report.",
        "label": "Document Transition Report",
        "terseLabel": "Document Transition Report"
       }
      }
     },
     "localname": "DocumentTransitionReport",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type",
        "terseLabel": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One",
        "terseLabel": "Entity Address Address Line"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town",
        "terseLabel": "Entity Address City Or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code",
        "terseLabel": "Entity Address Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province",
        "terseLabel": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r698"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key",
        "terseLabel": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityCommonStockSharesOutstanding": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.",
        "label": "Entity Common Stock, Shares Outstanding",
        "terseLabel": "Entity Common Stock, Shares Outstanding"
       }
      }
     },
     "localname": "EntityCommonStockSharesOutstanding",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "sharesItemType"
    },
    "dei_EntityCurrentReportingStatus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Current Reporting Status",
        "terseLabel": "Entity Current Reporting Status"
       }
      }
     },
     "localname": "EntityCurrentReportingStatus",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "All the names of the entities being reported upon in a document. Any legal structure used to conduct activities or to hold assets. Some examples of such structures are corporations, partnerships, limited liability companies, grantor trusts, and other trusts. This item does not include business and geographical segments which are included in the geographical or business segments domains.",
        "label": "Entity [Domain]",
        "terseLabel": "Entity [Domain]"
       }
      }
     },
     "localname": "EntityDomain",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r698"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company",
        "terseLabel": "Emerging growth company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number",
        "terseLabel": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityFilerCategory": {
     "auth_ref": [
      "r698"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Filer Category",
        "terseLabel": "Entity Filer Category"
       }
      }
     },
     "localname": "EntityFilerCategory",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "filerCategoryItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation, State or Country Code",
        "terseLabel": "Entity Incorporation, State or Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityInteractiveDataCurrent": {
     "auth_ref": [
      "r699"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).",
        "label": "Entity Interactive Data Current",
        "terseLabel": "Entity Interactive Data Current"
       }
      }
     },
     "localname": "EntityInteractiveDataCurrent",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r698"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name",
        "terseLabel": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityShellCompany": {
     "auth_ref": [
      "r698"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.",
        "label": "Entity Shell Company",
        "terseLabel": "Entity Shell Company"
       }
      }
     },
     "localname": "EntityShellCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntitySmallBusiness": {
     "auth_ref": [
      "r698"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).",
        "label": "Entity Small Business",
        "terseLabel": "Entity small business"
       }
      }
     },
     "localname": "EntitySmallBusiness",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r698"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number",
        "terseLabel": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_LegalEntityAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The set of legal entities associated with a report.",
        "label": "Legal Entity [Axis]",
        "terseLabel": "Legal Entity [Axis]"
       }
      }
     },
     "localname": "LegalEntityAxis",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number",
        "terseLabel": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_Security12bTitle": {
     "auth_ref": [
      "r694"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(b) registered security.",
        "label": "Title of 12(b) Security",
        "terseLabel": "Title of 12(b) Security"
       }
      }
     },
     "localname": "Security12bTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_SecurityExchangeName": {
     "auth_ref": [
      "r695"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the Exchange on which a security is registered.",
        "label": "Security Exchange Name",
        "terseLabel": "Security Exchange Name"
       }
      }
     },
     "localname": "SecurityExchangeName",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "edgarExchangeCodeItemType"
    },
    "dei_TradingSymbol": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Trading symbol of an instrument as listed on an exchange.",
        "label": "Trading Symbol",
        "terseLabel": "Trading Symbol"
       }
      }
     },
     "localname": "TradingSymbol",
     "nsuri": "http://xbrl.sec.gov/dei/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CoverPage"
     ],
     "xbrltype": "tradingSymbolItemType"
    },
    "rwt_A5ArchesLLCAndCoreVestMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "5 Arches LLC And CoreVest [Member]",
        "label": "5 Arches LLC And CoreVest [Member]",
        "terseLabel": "5 Arches LLC and CoreVest"
       }
      }
     },
     "localname": "A5ArchesLLCAndCoreVestMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_A5ArchesLLCMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "5 Arches, LLC [Member]",
        "label": "5 Arches, LLC [Member]",
        "terseLabel": "5 Arches"
       }
      }
     },
     "localname": "A5ArchesLLCMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ABSIssuedSecuritiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "ABS Issued Securities [Member]",
        "label": "ABS Issued Securities [Member]",
        "terseLabel": "ABS Issued"
       }
      }
     },
     "localname": "ABSIssuedSecuritiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_AccruedExpensesAndOtherLiabilitiesTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accrued Expenses and Other Liabilities [Table Text Block]",
        "label": "Accrued Expenses and Other Liabilities [Table Text Block]",
        "terseLabel": "Components of Accrued Expenses and Other Liabilities"
       }
      }
     },
     "localname": "AccruedExpensesAndOtherLiabilitiesTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_AccruedOperatingExpenses": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 11.0,
       "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accrued Operating Expenses",
        "label": "Accrued Operating Expenses",
        "terseLabel": "Accrued operating expenses"
       }
      }
     },
     "localname": "AccruedOperatingExpenses",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_AcquisitionRelatedSharebasedPaymentArrangementExpense": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 4.0,
       "parentTag": "us-gaap_GeneralAndAdministrativeExpense",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Acquisition Related Share-based Payment Arrangement, Expense",
        "label": "Acquisition Related Share-based Payment Arrangement, Expense",
        "terseLabel": "Acquisition-related equity compensation expense"
       }
      }
     },
     "localname": "AcquisitionRelatedSharebasedPaymentArrangementExpense",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_AllocatedSharebasedCompensationExpenseIncludingRestructuring": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Allocated Share-based Compensation Expense, Including Restructuring",
        "label": "Allocated Share-based Compensation Expense, Including Restructuring",
        "negatedLabel": "Equity compensation expense"
       }
      }
     },
     "localname": "AllocatedSharebasedCompensationExpenseIncludingRestructuring",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_AmortizationofPurchaseRelatedIntangibleAssets": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_OperatingCostsAndExpenses",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amortization of Purchase Related Intangible Assets",
        "label": "Amortization of Purchase Related Intangible Assets",
        "terseLabel": "Amortization of purchase-related intangible assets"
       }
      }
     },
     "localname": "AmortizationofPurchaseRelatedIntangibleAssets",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails",
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_AtTheMarketOfferingsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "At The Market Offerings [Member]",
        "label": "At The Market Offerings [Member]",
        "terseLabel": "At The Market Offerings"
       }
      }
     },
     "localname": "AtTheMarketOfferingsMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This item represents the amortized cost basis of securities that have been in a loss position for less than twelve months for those securities which are categorized neither as held-to-maturity nor trading securities.",
        "label": "Available for Sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Amortized Cost",
        "totalLabel": "Less Than 12 Consecutive Months, Amortized Cost"
       }
      }
     },
     "localname": "AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This item represents the amortized cost basis of securities that have been in a loss position for twelve months or longer for those securities which are categorized neither as held-to-maturity nor trading securities.",
        "label": "Available for Sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Amortized Cost",
        "totalLabel": "12 Consecutive Months or Longer, Amortized Cost"
       }
      }
     },
     "localname": "AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Available For Sale Securities Unamortized Discounts Premiums [Abstract] [Roll Forward]",
        "label": "Available For Sale Securities Unamortized Discounts Premiums [Abstract] [Roll Forward]",
        "terseLabel": "Unamortized Discount, Net"
       }
      }
     },
     "localname": "AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAbstractRollForward",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Changes to the net unamortized discount on available-for-sale securities due to security acquisitions.",
        "label": "Available For Sale Securities Unamortized Discounts Premiums, Acquisitions",
        "terseLabel": "Acquisitions"
       }
      }
     },
     "localname": "AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAcquisitions",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Changes to the net unamortized discount on available-for-sale securities due to the amortization of net discount.",
        "label": "Available For Sale Securities Unamortized Discounts Premiums, Amortization of net (discount) premium",
        "terseLabel": "Amortization of net discount"
       }
      }
     },
     "localname": "AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsAmortizationOfNetDiscountPremium",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Changes to the net unamortized discount on available-for-sale securities due to realized credit losses.",
        "label": "Available For Sale Securities Unamortized Discounts Premiums, Realized Credit Gains Losses",
        "terseLabel": "Realized credit losses"
       }
      }
     },
     "localname": "AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsRealizedCreditGainsLosses",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Changes to the net unamortized discount on available-for-sale securities due to sales, calls, and other items.",
        "label": "Available For Sale Securities Unamortized Discounts Premiums, Sales, Calls, Other",
        "negatedTerseLabel": "Sales, calls, other"
       }
      }
     },
     "localname": "AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsSalesCallsOther",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Transfers to or releases of the credit reserve on available-for-sale securities.",
        "label": "Available For Sale Securities Unamortized Discounts Premiums, Transfers to (Release of) Credit Reserves",
        "terseLabel": "Transfers to (release of) credit reserves, net"
       }
      }
     },
     "localname": "AvailableForSaleSecuritiesUnamortizedDiscountsPremiumsTransfersToReleaseOfCreditReserves",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Available-for-sale Securities, Gross Realized Gain (Loss) On Sales And Calls",
        "label": "Available-for-sale Securities, Gross Realized Gain (Loss) On Sales And Calls",
        "totalLabel": "Total Realized Gains on Sales and Calls of AFS Securities, net"
       }
      }
     },
     "localname": "AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_BalanceSheetNettingPolicyTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Balance Sheet Netting",
        "label": "Balance Sheet Netting [Policy Text Block]",
        "terseLabel": "Balance Sheet Netting"
       }
      }
     },
     "localname": "BalanceSheetNettingPolicyTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_BorrowerNetworkMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Borrower Network [Member]",
        "label": "Borrower Network [Member]",
        "terseLabel": "Borrower Network [Member]"
       }
      }
     },
     "localname": "BorrowerNetworkMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_BridgeLoanHoldback": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 9.0,
       "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Bridge Loan Holdback",
        "label": "Bridge Loan Holdback",
        "terseLabel": "Bridge loan holdbacks"
       }
      }
     },
     "localname": "BridgeLoanHoldback",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_BrokerNetworkMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Broker Network [Member]",
        "label": "Broker Network [Member]",
        "terseLabel": "Broker Network [Member]"
       }
      }
     },
     "localname": "BrokerNetworkMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Business Acquisition, Contingent Consideration, Equity Interest Issued, Number of Shares",
        "label": "Business Acquisition, Contingent Consideration, Equity Interest Issued, Number of Shares",
        "terseLabel": "Shares issued for settlement of remaining deferred consideration"
       }
      }
     },
     "localname": "BusinessAcquisitionContingentConsiderationEquityInterestIssuedNumberOfShares",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "rwt_BusinessCombinationContingentConsiderationLiabilityTerm": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Business Combination, Contingent Consideration, Liability, Term",
        "label": "Business Combination, Contingent Consideration, Liability, Term",
        "terseLabel": "Contingent consideration performance term"
       }
      }
     },
     "localname": "BusinessCombinationContingentConsiderationLiabilityTerm",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "rwt_BusinessCombinationDeferredConsideration": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 5.0,
       "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Business Combination, Deferred Consideration",
        "label": "Business Combination, Deferred Consideration",
        "terseLabel": "Deferred consideration"
       }
      }
     },
     "localname": "BusinessCombinationDeferredConsideration",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_BusinessPurposeBridgeLoansMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Business Purpose Bridge Loans",
        "label": "Business Purpose Bridge Loans [Member]",
        "terseLabel": "Business Purpose Bridge Loans"
       }
      }
     },
     "localname": "BusinessPurposeBridgeLoansMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_BusinessPurposeLendingMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Business Purpose Lending [Member]",
        "label": "Business Purpose Lending [Member]",
        "terseLabel": "Business Purpose Lending"
       }
      }
     },
     "localname": "BusinessPurposeLendingMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_BusinessPurposeLoansFairValueDisclosure": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Business Purpose Loans, Fair Value Disclosure",
        "label": "Business Purpose Loans, Fair Value Disclosure",
        "terseLabel": "Business purpose loans"
       }
      }
     },
     "localname": "BusinessPurposeLoansFairValueDisclosure",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_BusinessPurposeMortgageBankingActivitiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Business Purpose Mortgage Banking Activities [Member]",
        "label": "Business Purpose Mortgage Banking Activities [Member]",
        "terseLabel": "Business Purpose Mortgage Banking Activities, Net:"
       }
      }
     },
     "localname": "BusinessPurposeMortgageBankingActivitiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_BusinessPurposeResidentialLoansHeldforInvestmentMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Business Purpose Residential Loans, Held-for-Investment [Member]",
        "label": "Business Purpose Residential Loans, Held-for-Investment [Member]",
        "terseLabel": "Business purpose loans, held-for-investment, at fair value",
        "verboseLabel": "Business purpose loans, held-for-investment"
       }
      }
     },
     "localname": "BusinessPurposeResidentialLoansHeldforInvestmentMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_BusinessPurposeResidentialLoansHeldforSaleMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Business Purpose Residential Loans, Held-for-Sale [Member]",
        "label": "Business Purpose Residential Loans, Held-for-Sale [Member]",
        "terseLabel": "Business purpose loans, held-for-sale, at fair value",
        "verboseLabel": "Business purpose residential loans, held-for-sale"
       }
      }
     },
     "localname": "BusinessPurposeResidentialLoansHeldforSaleMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_BusinessPurposeResidentialLoansMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Business Purpose Residential Loans [Member]",
        "label": "Business Purpose Residential Loans [Member]",
        "netLabel": "Business purpose loans",
        "terseLabel": "Business Purpose Loans"
       }
      }
     },
     "localname": "BusinessPurposeResidentialLoansMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_CAFLSecuritizationEntitiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "CAFL Securitization Entities [Member]",
        "label": "CAFL Securitization Entities [Member]",
        "terseLabel": "CAFL"
       }
      }
     },
     "localname": "CAFLSecuritizationEntitiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_CarryingValueOfLoansTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the net carrying value for loans by entity as of the balance sheet date.",
        "label": "Carrying Value Of Loans [Table Text Block]",
        "terseLabel": "Classifications and Carrying Value of Loans"
       }
      }
     },
     "localname": "CarryingValueOfLoansTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansTables",
      "http://www.redwoodtrust.com/role/ResidentialLoansTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cash Flows between a transferor and a transferee attributable to transferred assets related to either a securitization 0r asset-backed financing arrangement in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets).",
        "label": "Cash Flows between Transferee and Transferor Current Period [Table Text Block]",
        "terseLabel": "Cash Flows Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood"
       }
      }
     },
     "localname": "CashFlowsBetweenTransfereeAndTransferorCurrentPeriodTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_CashPaidDuringPeriodAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cash Paid During Period [Abstract]",
        "label": "Cash Paid During Period [Abstract]",
        "terseLabel": "Cash paid during the period for:"
       }
      }
     },
     "localname": "CashPaidDuringPeriodAbstract",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "stringItemType"
    },
    "rwt_CertificatesWithPrincipalValueMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Certificates With Principal Value [Member]",
        "label": "Certificates With Principal Value [Member]",
        "terseLabel": "Certificates with principal balance"
       }
      }
     },
     "localname": "CertificatesWithPrincipalValueMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Characteristics of Residential Loans Held-for-Investment",
        "label": "Characteristics of Residential Loans Held-for-Investment [Table Text Block]",
        "terseLabel": "Characteristics of Residential Loans Held-for-Investment"
       }
      }
     },
     "localname": "CharacteristicsOfResidentialLoansHeldForInvestmentTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ResidentialLoansTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Characteristics of Residential Loans Held-For-Sale",
        "label": "Characteristics of Residential Loans Held-For-Sale [Table Text Block]",
        "terseLabel": "Characteristics of Residential Loans Held-For-Sale"
       }
      }
     },
     "localname": "CharacteristicsOfResidentialLoansHeldForSaleTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ResidentialLoansTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_CommercialLoansAtFairValueMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commercial Loans at Fair Value [Member]",
        "label": "Commercial Loans at Fair Value [Member]",
        "terseLabel": "Bridge loans"
       }
      }
     },
     "localname": "CommercialLoansAtFairValueMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_CommissionsOnLoanAcquisitions": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 1.0,
       "parentTag": "rwt_LoanAcquisitionCosts",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commissions on Loan Acquisitions",
        "label": "Commissions on Loan Acquisitions",
        "terseLabel": "Commissions"
       }
      }
     },
     "localname": "CommissionsOnLoanAcquisitions",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_CommitmentToFundInvestmentMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commitment To Fund Investment [Member]",
        "label": "Commitment To Fund Investment [Member]",
        "terseLabel": "Commitment To Fund Investment"
       }
      }
     },
     "localname": "CommitmentToFundInvestmentMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_CommitmentToFundPartnership": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commitment To Fund Partnership",
        "label": "Commitment To Fund Partnership",
        "terseLabel": "Commitment to fund partnership"
       }
      }
     },
     "localname": "CommitmentToFundPartnership",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_CommitmentToFundPartnershipNumberOfPartnerships": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commitment To Fund Partnership, Number Of Partnerships",
        "label": "Commitment To Fund Partnership, Number Of Partnerships",
        "terseLabel": "Number of partnerships, committed to fund"
       }
      }
     },
     "localname": "CommitmentToFundPartnershipNumberOfPartnerships",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "rwt_CommitmentToFundResidentialBridgeLoanMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commitment To Fund Residential Bridge Loan [Member]",
        "label": "Commitment To Fund Residential Bridge Loan [Member]",
        "terseLabel": "Commitment To Fund Residential Bridge Loan"
       }
      }
     },
     "localname": "CommitmentToFundResidentialBridgeLoanMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commitment To Fund Temporary Advances On Residential Bridge Loans [Member]",
        "label": "Commitment To Fund Temporary Advances On Residential Bridge Loans [Member]",
        "terseLabel": "Commitment To Fund Temporary Advances On Residential Bridge Loans"
       }
      }
     },
     "localname": "CommitmentToFundTemporaryAdvancesOnResidentialBridgeLoansMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Consolidation (Deconsolidation) Of Multifamily Asset Backed Securities",
        "label": "Consolidation (Deconsolidation) Of Multifamily Asset Backed Securities",
        "terseLabel": "Consolidation of multifamily ABS"
       }
      }
     },
     "localname": "ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Consolidation (Deconsolidation) Of Multifamily Loans Held In Securitizations Trusts",
        "label": "Consolidation (Deconsolidation) Of Multifamily Loans Held In Securitizations Trusts",
        "terseLabel": "Consolidation of multifamily loans held in securitization trusts"
       }
      }
     },
     "localname": "ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_ContingentConsiderationMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Contingent Consideration [Member]",
        "label": "Contingent Consideration [Member]",
        "terseLabel": "Contingent consideration"
       }
      }
     },
     "localname": "ContingentConsiderationMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_CoreVestAmericanFinanceLenderLLCMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "CoreVest American Finance Lender LLC [Member]",
        "label": "CoreVest American Finance Lender LLC [Member]",
        "terseLabel": "CoreVest"
       }
      }
     },
     "localname": "CoreVestAmericanFinanceLenderLLCMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt Instrument, Asset Backed Securities Issued, Amortized Cost",
        "label": "Debt Instrument, Asset Backed Securities Issued, Amortized Cost",
        "terseLabel": "ABS issued, net, Amortized cost"
       }
      }
     },
     "localname": "DebtInstrumentAssetBackedSecuritiesIssuedAmortizedCost",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_DebtInstrumentAverageMaturityTerm": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt Instrument Average, Maturity Term",
        "label": "Debt Instrument Average, Maturity Term",
        "terseLabel": "Weighted Average Days Until Maturity"
       }
      }
     },
     "localname": "DebtInstrumentAverageMaturityTerm",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "rwt_DebtSecuritiesAvailableForSaleCreditReserve": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt Securities, Available For Sale, Credit Reserve",
        "label": "Debt Securities, Available For Sale, Credit Reserve",
        "negatedLabel": "Credit reserve"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleCreditReserve",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_DebtSecuritiesAvailableForSalePrincipalBalance": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt Securities, Available For Sale, Principal Balance",
        "label": "Debt Securities, Available For Sale, Principal Balance",
        "terseLabel": "Principal balance"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSalePrincipalBalance",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt Securities, Available For Sale, Unamortized Discounts Premiums",
        "label": "Debt Securities, Available For Sale, Unamortized Discounts Premiums",
        "negatedLabel": "Unamortized discount, net",
        "periodEndLabel": "Ending Balance",
        "periodStartLabel": "Beginning balance"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt Securities, Available-for-Sale, with Allowance for Credit Loss [Member]",
        "label": "Debt Securities, Available-for-Sale, with Allowance for Credit Loss [Member]",
        "terseLabel": "Credit recoveries (losses) on AFS securities"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableforSalewithAllowanceforCreditLossMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Changes to the credit reserve on available-for-sale securities due to security acquisitions.",
        "label": "Debt Securities, Available-for-sale, Allowance for Credit Loss, Acquisitions",
        "terseLabel": "Acquisitions"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableforsaleAllowanceforCreditLossAcquisitions",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Changes to credit reserve on available-for-sale securities due to the amortization of net discount",
        "label": "Debt Securities, Available-for-sale, Allowance for Credit Loss, Amortization of Net (Discount) Premium",
        "terseLabel": "Amortization of net discount"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableforsaleAllowanceforCreditLossAmortizationofNetDiscountPremium",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt Securities, Available-for-sale, Allowance for Credit Loss, Qualitative Disclosures, Default Rate",
        "label": "Debt Securities, Available-for-sale, Allowance for Credit Loss, Qualitative Disclosures, Default Rate",
        "terseLabel": "Default rate"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresDefaultRate",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt Securities, Available-for-sale, Allowance for Credit Loss, Qualitative Disclosures, Severity",
        "label": "Debt Securities, Available-for-sale, Allowance for Credit Loss, Qualitative Disclosures, Severity",
        "terseLabel": "Loss severity"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableforsaleAllowanceforCreditLossQualitativeDisclosuresSeverity",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "rwt_DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Changes to the credit reserve on available-for-sale securities due to realized credit losses.",
        "label": "Debt Securities, Available-for-sale, Allowance for Credit Loss, Realized Credit Gains (Losses)",
        "terseLabel": "Realized credit losses"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableforsaleAllowanceforCreditLossRealizedCreditGainsLosses",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt Securities, Trading And Available-for-sale, Fair Value Disclosure",
        "label": "Debt Securities, Trading And Available-for-sale, Fair Value Disclosure",
        "terseLabel": "Trading and AFS securities"
       }
      }
     },
     "localname": "DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt Securities, Trading And Available-for-sale, Measurement Input",
        "label": "Debt Securities, Trading And Available-for-sale, Measurement Input",
        "terseLabel": "Trading and AFS securities"
       }
      }
     },
     "localname": "DebtSecuritiesTradingAndAvailableforsaleMeasurementInput",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "decimalItemType"
    },
    "rwt_DeferredStockUnitsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Deferred Stock Units [Member]",
        "label": "Deferred Stock Units [Member]",
        "terseLabel": "Deferred Stock Units"
       }
      }
     },
     "localname": "DeferredStockUnitsMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Roll Forward]",
        "label": "Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Roll Forward]",
        "terseLabel": "Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Roll Forward]"
       }
      }
     },
     "localname": "EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostNotyetRecognizedRollForward",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "rwt_EmployeeStockPurchasePlanMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Employee Stock Purchase Plan [Member]",
        "label": "Employee Stock Purchase Plan [Member]",
        "terseLabel": "Employee Stock Purchase Plan"
       }
      }
     },
     "localname": "EmployeeStockPurchasePlanMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_EmployeeStockPurchasePlanNumberOfSharesAuthorized": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Maximum amount of shares of common stock permitted to be purchased for all employees under the Employee Stock Purchase Plan.",
        "label": "Employee Stock Purchase Plan, Number of Shares Authorized",
        "terseLabel": "Shares of common stock to be purchased in aggregate for all employees (in shares)"
       }
      }
     },
     "localname": "EmployeeStockPurchasePlanNumberOfSharesAuthorized",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "rwt_EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of shares of common stock purchased by employees under the Employee Stock Purchase Plan in the current period.",
        "label": "Employee Stock Purchase Plan, Number of Shares Purchased by Employee",
        "terseLabel": "Number of shares purchased by employees (in shares)"
       }
      }
     },
     "localname": "EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "rwt_ExcessMortgageServicingRightsIOs": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Excess Mortgage Servicing Rights, IOs",
        "label": "Excess Mortgage Servicing Rights, IOs",
        "terseLabel": "Excess MSRs"
       }
      }
     },
     "localname": "ExcessMortgageServicingRightsIOs",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_ExcessMortgageServicingRightsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Excess Mortgage Servicing Rights [Member]",
        "label": "Excess Mortgage Servicing Rights [Member]",
        "terseLabel": "Excess MSRs",
        "verboseLabel": "Excess MSR"
       }
      }
     },
     "localname": "ExcessMortgageServicingRightsMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ExcessServicingEntitiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Excess Servicing Entities [Member]",
        "label": "Excess Servicing Entities [Member]",
        "terseLabel": "Servicing Investment"
       }
      }
     },
     "localname": "ExcessServicingEntitiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ExchangeableSeniorNotesDue2025Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Exchangeable Senior Notes Due 2025 [Member]",
        "label": "Exchangeable Senior Notes Due 2025 [Member]",
        "terseLabel": "5.75% exchangeable senior notes"
       }
      }
     },
     "localname": "ExchangeableSeniorNotesDue2025Member",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_FHLBCBorrowingsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "FHLBC Borrowings",
        "label": "FHLBC Borrowings [Member]",
        "terseLabel": "FHLBC borrowings"
       }
      }
     },
     "localname": "FHLBCBorrowingsMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_FHLBCCapitalStockDividend": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherIncomeDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_OtherIncome",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "FHLBC Capital Stock Dividend",
        "label": "FHLBC Capital Stock Dividend",
        "terseLabel": "FHLBC capital stock dividend"
       }
      }
     },
     "localname": "FHLBCCapitalStockDividend",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherIncomeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of fair value and investments in debt and marketable equity securities.",
        "label": "Fair Value And Investments In Debt And Marketable Equity Securities And Certain Trading Assets Disclosures [Table Text Block]",
        "terseLabel": "Fair Values of Real Estate Securities by Type"
       }
      }
     },
     "localname": "FairValueAndInvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosuresTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Principal paydowns, including calls and maturities, that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy.",
        "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Calls, Maturities, Paydowns",
        "negatedLabel": "Principal paydowns"
       }
      }
     },
     "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included In Earnings, Excluding Sold, Matured, Called, Or Written Down",
        "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included In Earnings, Excluding Sold, Matured, Called, Or Written Down",
        "terseLabel": "Net gains (losses) attributable to level 3 assets still held included in net income"
       }
      }
     },
     "localname": "FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Originations",
        "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Originations",
        "terseLabel": "Originations"
       }
      }
     },
     "localname": "FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included In Earnings, Excluding Sold, Matured, Called, Or Written Down",
        "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included In Earnings, Excluding Sold, Matured, Called, Or Written Down",
        "negatedLabel": "Net gains (losses) attributable to level 3 liabilities still held included in net income"
       }
      }
     },
     "localname": "FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsExcludingSoldMaturedCalledOrWrittenDown",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Paydowns",
        "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Paydowns",
        "negatedLabel": "Principal paydowns"
       }
      }
     },
     "localname": "FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair Value, Option, Assets, Aggregate Carrying Amount During Period",
        "label": "Fair Value, Option, Assets, Aggregate Carrying Amount During Period",
        "terseLabel": "Fair value option elected aggregate carrying amount, asset"
       }
      }
     },
     "localname": "FairValueOptionAssetsAggregateCarryingAmountDuringPeriod",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair Value, Option, Loans Held As Assets, Aggregate Amount In Foreclosure",
        "label": "Fair Value, Option, Loans Held As Assets, Aggregate Amount In Foreclosure",
        "terseLabel": "Unpaid principal balance of loans in foreclosure"
       }
      }
     },
     "localname": "FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_FeeIncomeRiskSharingAgreement": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherIncomeDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_OtherIncome",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fee Income, Risk Sharing Agreement",
        "label": "Fee Income, Risk Sharing Agreement",
        "terseLabel": "Risk share income",
        "verboseLabel": "Other income related to risk sharing agreement"
       }
      }
     },
     "localname": "FeeIncomeRiskSharingAgreement",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherIncomeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_FinancingReceivableContractMaturities": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Financing Receivable, Contract Maturities",
        "label": "Financing Receivable, Contract Maturities",
        "terseLabel": "Contract maturities"
       }
      }
     },
     "localname": "FinancingReceivableContractMaturities",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "rwt_FinancingReceivableCreditScoreFICOWeightedAverage": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The weighted average FICO score for borrowers at the time loans were originated.",
        "label": "Financing Receivable, Credit Score, FICO, Weighted Average",
        "terseLabel": "Weighted average original FICO score"
       }
      }
     },
     "localname": "FinancingReceivableCreditScoreFICOWeightedAverage",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "pureItemType"
    },
    "rwt_FinancingReceivableLoanToValueRatio": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Financing Receivable, Loan To Value Ratio",
        "label": "Financing Receivable, Loan To Value Ratio",
        "terseLabel": "Weighted average original loan-to-value (LTV)"
       }
      }
     },
     "localname": "FinancingReceivableLoanToValueRatio",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "rwt_FinancingReceivableNumberOfLoansInForeclosure": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Financing Receivable, Number Of Loans In Foreclosure",
        "label": "Financing Receivable, Number Of Loans In Foreclosure",
        "terseLabel": "Number of loans in foreclosure"
       }
      }
     },
     "localname": "FinancingReceivableNumberOfLoansInForeclosure",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "rwt_FinancingReceivableNumberOfLoansPastDue": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Financing Receivable, Number Of Loans Past Due",
        "label": "Financing Receivable, Number Of Loans Past Due",
        "terseLabel": "Number of loans with 90+ day delinquencies"
       }
      }
     },
     "localname": "FinancingReceivableNumberOfLoansPastDue",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "rwt_FinancingReceivablesWeightedAverageInterestRate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Financing Receivables, Weighted Average Interest Rate",
        "label": "Financing Receivables, Weighted Average Interest Rate",
        "terseLabel": "Weighted average coupon rate"
       }
      }
     },
     "localname": "FinancingReceivablesWeightedAverageInterestRate",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "rwt_FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails": {
       "order": 5.0,
       "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Finite-Lived Intangible Asset, Expected Amortization, Year Four and Thereafter",
        "label": "Finite-Lived Intangible Asset, Expected Amortization, Year Four and Thereafter",
        "terseLabel": "2025 and thereafter"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_FixedCompensationExpense": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_GeneralAndAdministrativeExpense",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fixed Compensation Expense",
        "label": "Fixed Compensation Expense",
        "terseLabel": "Fixed compensation expense"
       }
      }
     },
     "localname": "FixedCompensationExpense",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_FreddieMacKSeriesSecuritizationEntitiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Freddie Mac K-Series Securitization Entities [Member]",
        "label": "Freddie Mac K-Series Securitization Entities [Member]",
        "terseLabel": "Freddie Mac K-Series"
       }
      }
     },
     "localname": "FreddieMacKSeriesSecuritizationEntitiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_FreddieMacSLSTMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Freddie Mac SLST [Member]",
        "label": "Freddie Mac SLST [Member]",
        "terseLabel": "Freddie Mac SLST"
       }
      }
     },
     "localname": "FreddieMacSLSTMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_FreddieMacSLSTSecuritizationEntitiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Freddie Mac SLST Securitization Entities [Member]",
        "label": "Freddie Mac SLST Securitization Entities [Member]",
        "terseLabel": "Freddie Mac SLST"
       }
      }
     },
     "localname": "FreddieMacSLSTSecuritizationEntitiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_GuaranteeObligationCreditReserve": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Guarantee Obligation, Credit Reserve",
        "label": "Guarantee Obligation, Credit Reserve",
        "terseLabel": "Guarantee obligations, credit reserve"
       }
      }
     },
     "localname": "GuaranteeObligationCreditReserve",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_HomeAppreciationOptionMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Home Appreciation Option [Member]",
        "label": "Home Appreciation Option [Member]",
        "netLabel": "Shared home appreciation options",
        "terseLabel": "Shared home appreciation options",
        "verboseLabel": "Shared Home Appreciation Options"
       }
      }
     },
     "localname": "HomeAppreciationOptionMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_HomeAppreciationOptionsFairvalueDisclosure": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Home Appreciation Options, Fair value Disclosure",
        "label": "Home Appreciation Options, Fair value Disclosure",
        "terseLabel": "Shared home appreciation options"
       }
      }
     },
     "localname": "HomeAppreciationOptionsFairvalueDisclosure",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_HomeAppreciationOptionsMeasurementInput": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Home Appreciation Options, Measurement Input",
        "label": "Home Appreciation Options, Measurement Input",
        "terseLabel": "Shared home appreciation options"
       }
      }
     },
     "localname": "HomeAppreciationOptionsMeasurementInput",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "decimalItemType"
    },
    "rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Income and Expense Attributable To Mortgage Banking Activities [Table Text Block]",
        "terseLabel": "Mortgage Banking Activities"
       }
      }
     },
     "localname": "IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_IncreaseDecreaseinFairValueAdjustmentsonAssets": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails": {
       "order": 1.0,
       "parentTag": "rwt_MarketValuationAdjustmentsNet",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails": {
       "order": 1.0,
       "parentTag": "rwt_MortgageBankingActivitiesNet",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Increase (Decrease) in Fair Value Adjustments on Assets",
        "label": "Increase (Decrease) in Fair Value Adjustments on Assets",
        "netLabel": "Changes in fair value of assets",
        "terseLabel": "Market valuations gains (losses), net"
       }
      }
     },
     "localname": "IncreaseDecreaseinFairValueAdjustmentsonAssets",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest and Gain (Loss) on Extinguishment of Convertible Debt, Net of Tax",
        "label": "Interest and Gain (Loss) on Extinguishment of Convertible Debt, Net of Tax",
        "terseLabel": "Add back: Interest expense on convertible notes for the period, net of tax"
       }
      }
     },
     "localname": "InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_InterestExpenseCashFlowHedge": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_InterestExpense",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of interest expense recognized in earnings on cash flow hedge.",
        "label": "Interest Expense Cash Flow Hedge",
        "negatedLabel": "Net interest expense on cash flows hedges"
       }
      }
     },
     "localname": "InterestExpenseCashFlowHedge",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_InterestOnlyCertificatesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest Only Certificates [Member]",
        "label": "Interest Only Certificates [Member]",
        "terseLabel": "Interest-only certificates"
       }
      }
     },
     "localname": "InterestOnlyCertificatesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_InterestOnlySeniorTradingSecuritiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest Only Senior Trading Securities [Member]",
        "label": "Interest Only Senior Trading Securities [Member]",
        "terseLabel": "Interest Only Senior Trading Securities"
       }
      }
     },
     "localname": "InterestOnlySeniorTradingSecuritiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_InterestOnlyStripAndSeniorSecuritiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest Only Strip And Senior Securities [Member]",
        "label": "Interest Only Strip And Senior Securities [Member]",
        "terseLabel": "Interest-only, senior and subordinate securities, classified as trading"
       }
      }
     },
     "localname": "InterestOnlyStripAndSeniorSecuritiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_InterestPayableNoncurrent": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest Payable, Noncurrent",
        "label": "Interest Payable, Noncurrent",
        "terseLabel": "Accrued interest payable"
       }
      }
     },
     "localname": "InterestPayableNoncurrent",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_InterestRateAgreementTBAsAndFuturesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest Rate Agreement, TBAs, And Futures [Member]",
        "label": "Interest Rate Agreement, TBAs, And Futures [Member]",
        "terseLabel": "Interest Rate Agreement, TBAs, and Futures"
       }
      }
     },
     "localname": "InterestRateAgreementTBAsAndFuturesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_InvestmentActivitiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Investment Activities [Member]",
        "label": "Investment Activities [Member]",
        "terseLabel": "Investment Fair Value Changes, Net"
       }
      }
     },
     "localname": "InvestmentActivitiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_InvestmentSecuritiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Investment Securities [Member]",
        "label": "Investment Securities [Member]",
        "terseLabel": "Trading and AFS securities"
       }
      }
     },
     "localname": "InvestmentSecuritiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_LegacyConsolidatedVariableInterestEntitiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Legacy Consolidated Variable Interest Entities [Member]",
        "label": "Legacy Consolidated Variable Interest Entities [Member]",
        "terseLabel": "Legacy Consolidated VIEs"
       }
      }
     },
     "localname": "LegacyConsolidatedVariableInterestEntitiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_LegacySequoiaSecuritizationEntitiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Legacy Sequoia Securitization Entities [Member]",
        "label": "Legacy Sequoia Securitization Entities [Member]",
        "terseLabel": "Legacy Sequoia"
       }
      }
     },
     "localname": "LegacySequoiaSecuritizationEntitiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_LesseeNumberOfLeases": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Lessee, Number Of Leases",
        "label": "Lessee, Number Of Leases",
        "terseLabel": "Lessee, number of leases"
       }
      }
     },
     "localname": "LesseeNumberOfLeases",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "rwt_LoanAcquisitionCosts": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 5.0,
       "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments",
       "weight": -1.0
      },
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_OperatingExpenses",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Loan Acquisition Costs",
        "label": "Loan Acquisition Costs",
        "negatedTerseLabel": "Loan acquisition costs",
        "totalLabel": "Total Loan Acquisition Costs"
       }
      }
     },
     "localname": "LoanAcquisitionCosts",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_LoanHeldForInvestmentAmount": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_OtherInvestments",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Loan Held-for-investment, Amount",
        "label": "Loan Held-For-Investment, Amount",
        "terseLabel": "Shared home appreciation options",
        "verboseLabel": "Loans held for investment"
       }
      }
     },
     "localname": "LoanHeldForInvestmentAmount",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_LoanPurchaseAndForwardSalesCommitmentsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Loan Purchase and Forward Sales Commitments [Member]",
        "label": "Loan Purchase and Forward Sales Commitments [Member]",
        "terseLabel": "Residential loan purchase and forward sale commitments"
       }
      }
     },
     "localname": "LoanPurchaseAndForwardSalesCommitmentsMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Loan Purchase Commitments And Forward Sales Commitments [Member]",
        "label": "Loan Purchase Commitments And Forward Sales Commitments [Member]",
        "terseLabel": "Loan purchase commitments and forward sales commitments"
       }
      }
     },
     "localname": "LoanPurchaseCommitmentsAndForwardSalesCommitmentsMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_LoanPurchaseCommitmentsFairValueDisclosure": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Loan Purchase Commitments, Fair Value Disclosure",
        "label": "Loan Purchase Commitments, Fair Value Disclosure",
        "terseLabel": "Loan purchase commitments, net"
       }
      }
     },
     "localname": "LoanPurchaseCommitmentsFairValueDisclosure",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_LoansHeldForInvestmentAtFairValueMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Loans Held For Investment At Fair Value [Member]",
        "label": "Loans Held For Investment At Fair Value [Member]",
        "terseLabel": "Held-for-investment at fair value, Total"
       }
      }
     },
     "localname": "LoansHeldForInvestmentAtFairValueMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_LoansHeldForInvestmentMeasurementInput": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Loans Held-for-Investment, Measurement Input",
        "label": "Loans Held-for-Investment, Measurement Input",
        "terseLabel": "Loans held-for-investment, measurement input"
       }
      }
     },
     "localname": "LoansHeldForInvestmentMeasurementInput",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "decimalItemType"
    },
    "rwt_LoansHeldForSaleAtFairValueMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Loans Held For Sale At Fair Value [Member]",
        "label": "Loans Held For Sale At Fair Value [Member]",
        "terseLabel": "Held-for-sale at fair value, Total"
       }
      }
     },
     "localname": "LoansHeldForSaleAtFairValueMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_LoansPledgedAsCollateralLongTermDebtMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Loans Pledged As Collateral, Long Term debt",
        "label": "Loans Pledged As Collateral, Long Term debt [Member]",
        "terseLabel": "Loans Pledged As Collateral, Long Term debt"
       }
      }
     },
     "localname": "LoansPledgedAsCollateralLongTermDebtMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_LoansPledgedAsCollateralShortTermDebtMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Loans Pledged As Collateral, Short Term Debt",
        "label": "Loans Pledged As Collateral, Short Term Debt [Member]",
        "terseLabel": "Loans Pledged As Collateral, Short Term Debt"
       }
      }
     },
     "localname": "LoansPledgedAsCollateralShortTermDebtMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_LoansReceivableMeasurementInput": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Loans Receivable, Measurement Input",
        "label": "Loans Receivable, Measurement Input",
        "terseLabel": "Loans receivable, measurement input"
       }
      }
     },
     "localname": "LoansReceivableMeasurementInput",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "decimalItemType"
    },
    "rwt_LongTermMarketableSecuritiesMaturitiesTerm": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Long Term Marketable Securities Maturities Term",
        "label": "Long Term Marketable Securities Maturities Term",
        "terseLabel": "Contractual maturities of securities (in years)"
       }
      }
     },
     "localname": "LongTermMarketableSecuritiesMaturitiesTerm",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "rwt_MSRMultipleMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "MSR Multiple",
        "label": "MSR Multiple [Member]",
        "terseLabel": "MSR Multiple"
       }
      }
     },
     "localname": "MSRMultipleMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ManagementFeeOnExistingAssetsUnderManagementMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Management Fee On Existing Assets Under Management [Member]",
        "label": "Management Fee On Existing Assets Under Management [Member]",
        "terseLabel": "Management Fee On Existing Assets Under Management [Member]"
       }
      }
     },
     "localname": "ManagementFeeOnExistingAssetsUnderManagementMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MarginPayable": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 10.0,
       "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Margin Payable",
        "label": "Margin Payable",
        "terseLabel": "Margin payable"
       }
      }
     },
     "localname": "MarginPayable",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_MarginPayableFairValueDisclosure": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Margin Payable, Fair Value Disclosure",
        "label": "Margin Payable, Fair Value Disclosure",
        "terseLabel": "Margin payable"
       }
      }
     },
     "localname": "MarginPayableFairValueDisclosure",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_MarketValuationAdjustmentsNet": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 11.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0
      },
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The aggregate net change in market value for certain assets and liabilities that was included in earnings for the period. This includes changes in market values for assets and liabilities accounted for at fair value, as well as the credit portion of other-than-temporary impairments on securities available for sale, impairments on loans held-for-sale and real estate owned.",
        "label": "Market Valuation Adjustments, Net",
        "negatedLabel": "Market valuation adjustments",
        "totalLabel": "Total Market Valuation Gains (Losses), Net"
       }
      }
     },
     "localname": "MarketValuationAdjustmentsNet",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_MarketValuationChangesInFairValueOfGuaranteeAsset": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Market Valuation Changes In Fair Value Of Guarantee Asset",
        "label": "Market Valuation Changes In Fair Value Of Guarantee Asset",
        "terseLabel": "Market valuation losses related to these investments"
       }
      }
     },
     "localname": "MarketValuationChangesInFairValueOfGuaranteeAsset",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_MaturityOverFiveYearsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Maturity over Five Years [Member]",
        "label": "Maturity over Five Years [Member]",
        "terseLabel": "Contractual maturities of over five years"
       }
      }
     },
     "localname": "MaturityOverFiveYearsMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MeasurementInputCRTDollarPriceMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement Input, CRT Dollar Price",
        "label": "Measurement Input, CRT Dollar Price [Member]",
        "terseLabel": "Measurement Input, CRT Dollar Price"
       }
      }
     },
     "localname": "MeasurementInputCRTDollarPriceMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MeasurementInputCommittedSalesPriceMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement Input, Committed Sales Price [Member]",
        "label": "Measurement Input, Committed Sales Price [Member]",
        "terseLabel": "Committed sales price"
       }
      }
     },
     "localname": "MeasurementInputCommittedSalesPriceMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MeasurementInputExcessMortgageServicingAmountMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement Input, Excess Mortgage Servicing Amount [Member]",
        "label": "Measurement Input, Excess Mortgage Servicing Amount [Member]",
        "terseLabel": "Excess mortgage servicing income"
       }
      }
     },
     "localname": "MeasurementInputExcessMortgageServicingAmountMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MeasurementInputHomePriceAppreciationMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement Input, Home Price Appreciation [Member]",
        "label": "Measurement Input, Home Price Appreciation [Member]",
        "terseLabel": "Home price appreciation"
       }
      }
     },
     "localname": "MeasurementInputHomePriceAppreciationMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MeasurementInputISODiscountRateMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement Input, ISO Discount Rate [Member]",
        "label": "Measurement Input, ISO Discount Rate [Member]",
        "terseLabel": "IO discount rate"
       }
      }
     },
     "localname": "MeasurementInputISODiscountRateMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MeasurementInputMortgageServicingIncomeMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement Input Mortgage Servicing Income [Member]",
        "label": "Measurement Input Mortgage Servicing Income [Member]",
        "terseLabel": "Mortgage servicing income"
       }
      }
     },
     "localname": "MeasurementInputMortgageServicingIncomeMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MeasurementInputNonSecuritizableLoanDollarPriceMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement Input, Non-Securitizable Loan Dollar Price",
        "label": "Measurement Input, Non-Securitizable Loan Dollar Price [Member]",
        "terseLabel": "Non-securitizable loan dollar price"
       }
      }
     },
     "localname": "MeasurementInputNonSecuritizableLoanDollarPriceMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MeasurementInputPerLoanAnnualCostToServiceMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement Input, Per Loan Annual Cost To Service [Member]",
        "label": "Measurement Input, Per Loan Annual Cost To Service [Member]",
        "terseLabel": "Per loan annual cost to service"
       }
      }
     },
     "localname": "MeasurementInputPerLoanAnnualCostToServiceMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MeasurementInputPullthroughRateMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement Input, Pull-through Rate [Member]",
        "label": "Measurement Input, Pull-through Rate [Member]",
        "terseLabel": "Pull-through rate"
       }
      }
     },
     "localname": "MeasurementInputPullthroughRateMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MeasurementInputSubordinateCreditSpreadMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement Input, Subordinate Credit Spread [Member]",
        "label": "Measurement Input, Subordinate Credit Spread [Member]",
        "terseLabel": "Subordinate credit spread"
       }
      }
     },
     "localname": "MeasurementInputSubordinateCreditSpreadMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MeasurementInputWholeLoanCommittedSalesPriceMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement Input, Whole Loan Committed Sales Price [Member]",
        "label": "Measurement Input, Whole Loan Committed Sales Price [Member]",
        "terseLabel": "Whole loan committed sales price"
       }
      }
     },
     "localname": "MeasurementInputWholeLoanCommittedSalesPriceMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MeasurementInputWholeLoanSpreadToSwapRateMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement Input, Whole Loan Spread to Swap Rate",
        "label": "Measurement Input, Whole Loan Spread to Swap Rate [Member]",
        "terseLabel": "Whole loan spread to swap rate"
       }
      }
     },
     "localname": "MeasurementInputWholeLoanSpreadToSwapRateMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MortgageBankingActivitiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Mortgage Banking Activities [Member]",
        "label": "Mortgage Banking Activities [Member]",
        "terseLabel": "Mortgage Banking Activities, Net"
       }
      }
     },
     "localname": "MortgageBankingActivitiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MortgageBankingActivitiesNet": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 1.0,
       "parentTag": "us-gaap_NoninterestIncome",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      },
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_NoninterestIncome",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The net income attributable to mortgage banking activities. This includes market valuations related to residential and commercial loans, Sequoia IOs, and mortgage banking derivatives, as well as realized gains or losses associated with mortgage loan sales.",
        "label": "Mortgage Banking Activities, Net",
        "terseLabel": "Mortgage banking activities, net",
        "totalLabel": "Mortgage banking activities, net"
       }
      }
     },
     "localname": "MortgageBankingActivitiesNet",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_MortgageBankingAndInvestingActivitiesDisclosureTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Mortgage Banking And Investing Activities Disclosure [Text Block]",
        "label": "Mortgage Banking And Investing Activities Disclosure [Text Block]",
        "terseLabel": "Mortgage Banking Activities, Net"
       }
      }
     },
     "localname": "MortgageBankingAndInvestingActivitiesDisclosureTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNet"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_MortgageBankingAndInvestmentActivitiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Mortgage Banking And Investment Activities [Member]",
        "label": "Mortgage Banking And Investment Activities [Member]",
        "terseLabel": "Mortgage banking and investment activities"
       }
      }
     },
     "localname": "MortgageBankingAndInvestmentActivitiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MortgageLoanOnRealEstateRepurchaseReserve": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 8.0,
       "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Mortgage Loan On Real Estate, Repurchase Reserve",
        "label": "Mortgage Loan On Real Estate, Repurchase Reserve",
        "terseLabel": "Residential repurchase reserve",
        "verboseLabel": "Residential loan and MSR repurchase reserve"
       }
      }
     },
     "localname": "MortgageLoanOnRealEstateRepurchaseReserve",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_MortgageLoansOnRealEstateNumberOfLoansRepurchased": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Mortgage Loans On Real Estate, Number Of Loans Repurchased",
        "label": "Mortgage Loans On Real Estate, Number Of Loans Repurchased",
        "terseLabel": "Number of loans repurchased"
       }
      }
     },
     "localname": "MortgageLoansOnRealEstateNumberOfLoansRepurchased",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "rwt_MortgageLoansOnRealEstateRepurchaseProvision": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Mortgage Loans On Real Estate, Repurchase Provision",
        "label": "Mortgage Loans On Real Estate, Repurchase Provision",
        "terseLabel": "Residential loans repurchase provision (reversal)"
       }
      }
     },
     "localname": "MortgageLoansOnRealEstateRepurchaseProvision",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_MortgageLoansOnRealEstateRepurchaseRequests": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Mortgage Loans On Real Estate, Repurchase Requests",
        "label": "Mortgage Loans On Real Estate, Repurchase Requests",
        "terseLabel": "Number of residential repurchase requests (in repurchase requests)"
       }
      }
     },
     "localname": "MortgageLoansOnRealEstateRepurchaseRequests",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Includes income from mortgage banking servicing real estate mortgages, net of subservicing costs, and market valuation changes of MSRs held at fair value.",
        "label": "Mortgage Servicing Rights Income Including Market Valuation Changes of MSRs",
        "terseLabel": "MSR income (losses), net"
       }
      }
     },
     "localname": "MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Mortgage Servicing Rights Income (Loss), Including Risk Management Derivatives [Member]",
        "label": "Mortgage Servicing Rights Income (Loss), Including Risk Management Derivatives [Member]",
        "terseLabel": "Other Income"
       }
      }
     },
     "localname": "MortgageServicingRightsIncomeLossIncludingRiskManagementDerivativesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MortgageServicingRightsIncomeLossNet": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails": {
       "order": 2.0,
       "parentTag": "rwt_MarketValuationAdjustmentsNet",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/OtherIncomeDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_OtherIncome",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Includes income (loss) from mortgage banking servicing real estate mortgages, net of subservicing costs, and market valuation changes of MSRs held at fair value.",
        "label": "Mortgage Servicing Rights Income (Loss), Net",
        "terseLabel": "MSR income (loss), net",
        "verboseLabel": "Other Income"
       }
      }
     },
     "localname": "MortgageServicingRightsIncomeLossNet",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/OtherIncomeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_MortgageServicingRightsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Mortgage Servicing Rights [Member]",
        "label": "Mortgage Servicing Rights [Member]",
        "terseLabel": "MSRs",
        "verboseLabel": "Mortgage servicing rights"
       }
      }
     },
     "localname": "MortgageServicingRightsMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MultifamilyLoansFairValueDisclosure": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Multifamily Loans, Fair Value Disclosure",
        "label": "Multifamily Loans, Fair Value Disclosure",
        "terseLabel": "Multifamily loans"
       }
      }
     },
     "localname": "MultifamilyLoansFairValueDisclosure",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_MultifamilyLoansHeldforInvestmentMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Multifamily Loans Held for Investment [Member]",
        "label": "Multifamily Loans Held for Investment [Member]",
        "terseLabel": "Multifamily loans, held-for-investment"
       }
      }
     },
     "localname": "MultifamilyLoansHeldforInvestmentMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_MultifamilyLoansMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Multifamily Loans [Member]",
        "label": "Multifamily Loans [Member]",
        "terseLabel": "Multifamily loans, held-for-investment, at fair value",
        "verboseLabel": "Multifamily loans"
       }
      }
     },
     "localname": "MultifamilyLoansMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_NonMarginableDebtRepurchaseAgreementOneMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Non-Marginable Debt Repurchase Agreement One",
        "label": "Non-Marginable Debt Repurchase Agreement One [Member]",
        "terseLabel": "Sequoia"
       }
      }
     },
     "localname": "NonMarginableDebtRepurchaseAgreementOneMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_NonMarginableDebtRepurchaseAgreementTwoMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Non-Marginable Debt Repurchase Agreement Two",
        "label": "Non-Marginable Debt Repurchase Agreement Two [Member]",
        "terseLabel": "CAFL"
       }
      }
     },
     "localname": "NonMarginableDebtRepurchaseAgreementTwoMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_NonRecourseBusinessPurposeLoanFinancingFacilityOneMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Non-Recourse Business Purpose Loan Financing Facility One",
        "label": "Non-Recourse Business Purpose Loan Financing Facility One [Member]",
        "terseLabel": "Non-Recourse BPL Financing, Facility A"
       }
      }
     },
     "localname": "NonRecourseBusinessPurposeLoanFinancingFacilityOneMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Non-Recourse Business Purpose Loan Financing Facility Two",
        "label": "Non-Recourse Business Purpose Loan Financing Facility Two [Member]",
        "terseLabel": "Non-Recourse BPL Financing, Facility B"
       }
      }
     },
     "localname": "NonRecourseBusinessPurposeLoanFinancingFacilityTwoMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_NumberOfAvailableForSaleSecurities": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number Of Available for Sale Securities",
        "label": "Number Of Available for Sale Securities",
        "terseLabel": "Number of AFS securities (in investments)"
       }
      }
     },
     "localname": "NumberOfAvailableForSaleSecurities",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "rwt_NumberOfFacilities": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of Facilities",
        "label": "Number of Facilities",
        "terseLabel": "Number of Facilities"
       }
      }
     },
     "localname": "NumberOfFacilities",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "rwt_NumberOfPartnershipsConsolidated": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number Of Partnerships Consolidated",
        "label": "Number Of Partnerships Consolidated",
        "terseLabel": "Number of partnerships consolidated"
       }
      }
     },
     "localname": "NumberOfPartnershipsConsolidated",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "rwt_NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of Securities, Continuous Unrealized Loss Position More Than Twelve Months",
        "label": "Number of Securities, Continuous Unrealized Loss Position More Than Twelve Months",
        "terseLabel": "Number of securities in a continuous unrealized loss position for twelve consecutive months or longer (in investments)"
       }
      }
     },
     "localname": "NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "rwt_NumberOfSecuritizationEntitiesToWhichAssetTransferred": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of Securitization Entities to which Asset Transferred",
        "label": "Number of Securitization Entities to which Asset Transferred",
        "terseLabel": "Number of securitization entities to which asset transferred (in entities)"
       }
      }
     },
     "localname": "NumberOfSecuritizationEntitiesToWhichAssetTransferred",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "rwt_NumberOfSeries": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of Series",
        "label": "Number of Series",
        "terseLabel": "Number of series"
       }
      }
     },
     "localname": "NumberOfSeries",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of Variable Interest Entities, Acquired and Consolidated",
        "label": "Number of Variable Interest Entities, Acquired and Consolidated",
        "terseLabel": "Number of VIEs"
       }
      }
     },
     "localname": "NumberOfVariableInterestEntitiesAcquiredAndConsolidated",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "rwt_OfficeCosts": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 6.0,
       "parentTag": "us-gaap_GeneralAndAdministrativeExpense",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Office Costs",
        "label": "Office Costs",
        "terseLabel": "Office costs"
       }
      }
     },
     "localname": "OfficeCosts",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_OffsettingAssetAndLiabilitiesLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Offsetting Asset and Liabilities [Line Items]",
        "label": "Offsetting Asset and Liabilities [Line Items]",
        "terseLabel": "Offsetting Asset and Liabilities [Line Items]"
       }
      }
     },
     "localname": "OffsettingAssetAndLiabilitiesLineItems",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "rwt_OffsettingAssetAndLiabilitiesTable": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Offsetting Asset and Liabilities [Table]",
        "label": "Offsetting Asset and Liabilities [Table]",
        "terseLabel": "Offsetting Asset and Liabilities [Table]"
       }
      }
     },
     "localname": "OffsettingAssetAndLiabilitiesTable",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "rwt_OffsettingAssetAndLiabilitiesTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Offsetting Asset and Liabilities",
        "label": "Offsetting Asset and Liabilities [Table Text Block]",
        "terseLabel": "Offsetting of Financial Assets, Liabilities, and Collateral"
       }
      }
     },
     "localname": "OffsettingAssetAndLiabilitiesTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Other Assets And Other Liabilities Disclosure",
        "label": "Other Assets And Other Liabilities Disclosure [Text Block]",
        "terseLabel": "Other Assets and Liabilities"
       }
      }
     },
     "localname": "OtherAssetsAndOtherLiabilitiesDisclosureTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilities"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_OtherAssetsAndOtherLiabilitiesLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Other Assets and Other Liabilities [Line Items]",
        "label": "Other Assets and Other Liabilities [Line Items]",
        "terseLabel": "Other Assets and Other Liabilities [Line Items]"
       }
      }
     },
     "localname": "OtherAssetsAndOtherLiabilitiesLineItems",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "rwt_OtherAssetsAndOtherLiabilitiesTable": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Other Assets and Other Liabilities [Table]",
        "label": "Other Assets and Other Liabilities [Table]",
        "terseLabel": "Other Assets and Other Liabilities [Table]"
       }
      }
     },
     "localname": "OtherAssetsAndOtherLiabilitiesTable",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "rwt_OtherBusinessPurposeLoanInvestmentsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Other Business Purpose Loan Investments",
        "label": "Other Business Purpose Loan Investments [Member]",
        "terseLabel": "Other Business Purpose Loan Investments"
       }
      }
     },
     "localname": "OtherBusinessPurposeLoanInvestmentsMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_OtherLiabilitiesMiscellaneous": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 13.0,
       "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Other Liabilities, Miscellaneous",
        "label": "Other Liabilities, Miscellaneous",
        "terseLabel": "Other"
       }
      }
     },
     "localname": "OtherLiabilitiesMiscellaneous",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_OtherNotesReceivableMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Other Notes Receivable [Member]",
        "label": "Other Notes Receivable [Member]",
        "terseLabel": "Other"
       }
      }
     },
     "localname": "OtherNotesReceivableMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_OtherRealEstateOwnedMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Other Real Estate Owned [Member]",
        "label": "Other Real Estate Owned [Member]",
        "terseLabel": "REO"
       }
      }
     },
     "localname": "OtherRealEstateOwnedMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_OtherSubsegmentsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Other Subsegments [Member]",
        "label": "Other Subsegments [Member]",
        "terseLabel": "Other"
       }
      }
     },
     "localname": "OtherSubsegmentsMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_OtherThirdPartySecuritiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Other Third Party Securities [Member]",
        "label": "Other Third Party Securities [Member]",
        "terseLabel": "Other third-party residential securities"
       }
      }
     },
     "localname": "OtherThirdPartySecuritiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_PaymentsForOriginationOfLoansHeldForInvestment": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 6.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Payments for Origination of Loans Held-for-Investment",
        "label": "Payments for Origination of Loans Held-for-Investment",
        "negatedLabel": "Originations of loan investments"
       }
      }
     },
     "localname": "PaymentsForOriginationOfLoansHeldForInvestment",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 8.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The net cash outflow or inflow from derivative instruments during the period, which are classified as operating activities.",
        "label": "Payments For (Proceeds From) Derivative Instrument Operating Activities",
        "terseLabel": "Net settlements of derivatives"
       }
      }
     },
     "localname": "PaymentsForProceedsFromDerivativeInstrumentOperatingActivities",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_PaymentsForServicingAdvanceInvestments": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 2.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Payments For Servicing Advance Investments",
        "label": "Payments For Servicing Advance Investments",
        "negatedLabel": "Purchases of servicer advance investments"
       }
      }
     },
     "localname": "PaymentsForServicingAdvanceInvestments",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_PotentialFuturePayments": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Potential Future Payments",
        "label": "Potential Future Payments",
        "terseLabel": "Potential future payments on loans"
       }
      }
     },
     "localname": "PotentialFuturePayments",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_PrincipalAmountOfLoansSecuritizedDuringPeriod": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Principal Amount Of Loans Securitized During Period",
        "label": "Principal Amount Of Loans Securitized During Period",
        "terseLabel": "Principal balance of loans transferred"
       }
      }
     },
     "localname": "PrincipalAmountOfLoansSecuritizedDuringPeriod",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement, Original Principal Balance",
        "label": "Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement, Original Principal Balance",
        "terseLabel": "Original unpaid balance of loans subject to risk sharing agreements"
       }
      }
     },
     "localname": "PrincipalAmountOutstandingonLoansSecuritizedorAssetbackedFinancingArrangementOriginalPrincipalBalance",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Principal Balance of Loans Acquired During Period",
        "label": "Principal Balance of Loans Acquired During Period",
        "terseLabel": "Principal balance of loans acquired"
       }
      }
     },
     "localname": "PrincipalBalanceOfLoansAcquiredDuringPeriod",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_PrincipalBalanceofLoansSoldDuringPeriod": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Principal Balance of Loans Sold During Period",
        "label": "Principal Balance of Loans Sold During Period",
        "terseLabel": "Principal balance of loans sold"
       }
      }
     },
     "localname": "PrincipalBalanceofLoansSoldDuringPeriod",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_ProceedsFromPrincipalRepaymentsOnSecurities": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 7.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow from repayments of the balance excluding interest (principal) on real estate securities.",
        "label": "Proceeds from Principal Repayments on Securities",
        "terseLabel": "Principal payments on real estate securities",
        "verboseLabel": "Principal balance of loans sold to third parties"
       }
      }
     },
     "localname": "ProceedsFromPrincipalRepaymentsOnSecurities",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Quarterly Activity of Residential Loans Held-for-Investment",
        "label": "Quarterly Activity of Residential Loans Held-for-Investment [Table Text Block]",
        "terseLabel": "Quarterly Activity of Residential Loans Held-for-Investment"
       }
      }
     },
     "localname": "QuarterlyActivityOfResidentialLoansHeldForInvestmentTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ResidentialLoansTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Quarterly Activity of Residential Loans Held-for-Sale",
        "label": "Quarterly Activity of Residential Loans Held-for-Sale [Table Text Block]",
        "terseLabel": "Quarterly Activity of Residential Loans Held-for-Sale"
       }
      }
     },
     "localname": "QuarterlyActivityOfResidentialLoansHeldForSaleTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ResidentialLoansTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_RealEstateOwnedHeldForInvestmentAdjustableRatePercent": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Owned, Held-for-Investment, Adjustable Rate, Percent",
        "label": "Real Estate Owned, Held-for-Investment, Adjustable Rate, Percent",
        "terseLabel": "Adjustable rate (as a percent)"
       }
      }
     },
     "localname": "RealEstateOwnedHeldForInvestmentAdjustableRatePercent",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "rwt_RealEstateOwnedHeldForInvestmentFixedRatePercentage": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Owned, Held-for-Investment, Fixed Rate, Percentage",
        "label": "Real Estate Owned, Held-for-Investment, Fixed Rate, Percentage",
        "terseLabel": "Fixed rate (as a percent)"
       }
      }
     },
     "localname": "RealEstateOwnedHeldForInvestmentFixedRatePercentage",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Owned, Held-for-Investment, Original Maturity, Term",
        "label": "Real Estate Owned, Held-for-Investment, Original Maturity, Term",
        "terseLabel": "Residential bridge loans held-for-investment, original maturities (in months)"
       }
      }
     },
     "localname": "RealEstateOwnedHeldForInvestmentOriginalMaturityTerm",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "rwt_RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Owned, Transfer to Real Estate Owned, Number Of Loans",
        "label": "Real Estate Owned, Transfer to Real Estate Owned, Number Of Loans",
        "terseLabel": "Number of loans transferred"
       }
      }
     },
     "localname": "RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "rwt_RealEstateSecuritiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Securities [Member]",
        "label": "Real Estate Securities [Member]",
        "terseLabel": "Real estate securities"
       }
      }
     },
     "localname": "RealEstateSecuritiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_RealEstateSecuritiesOnBalanceSheetMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Securities, On Balance Sheet [Member]",
        "label": "Real Estate Securities, On Balance Sheet [Member]",
        "terseLabel": "On balance sheet"
       }
      }
     },
     "localname": "RealEstateSecuritiesOnBalanceSheetMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_RealEstateSecuritiesPrimeMezzanineMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Securities, Prime Mezzanine [Member]",
        "label": "Real Estate Securities, Prime Mezzanine [Member]",
        "terseLabel": "Mezzanine"
       }
      }
     },
     "localname": "RealEstateSecuritiesPrimeMezzanineMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_RealEstateSecuritiesPrimeSubordinateMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Securities, Prime Subordinate [Member]",
        "label": "Real Estate Securities, Prime Subordinate [Member]",
        "terseLabel": "Subordinate"
       }
      }
     },
     "localname": "RealEstateSecuritiesPrimeSubordinateMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_RealEstateSecuritiesRepoMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Securities Repo [Member]",
        "label": "Real Estate Securities Repo [Member]",
        "terseLabel": "Real estate securities repo"
       }
      }
     },
     "localname": "RealEstateSecuritiesRepoMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_RecourseBusinessPurposeLoanFinancingFacilityMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Recourse Business Purpose Loan Financing Facility",
        "label": "Recourse Business Purpose Loan Financing Facility [Member]",
        "terseLabel": "Recourse BPL Financing, Facility B"
       }
      }
     },
     "localname": "RecourseBusinessPurposeLoanFinancingFacilityMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Recourse Business Purpose Loan Financing Facility Through September 2023",
        "label": "Recourse Business Purpose Loan Financing Facility Through September 2023 [Member]",
        "terseLabel": "Recourse BPL Financing, Facility A"
       }
      }
     },
     "localname": "RecourseBusinessPurposeLoanFinancingFacilityThroughSeptember2023Member",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_RecourseSubordinateSecuritiesFinancingFacilitiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Recourse Subordinate Securities Financing Facilities [Member]",
        "label": "Recourse Subordinate Securities Financing Facilities [Member]",
        "terseLabel": "Recourse Subordinate Securities Financing"
       }
      }
     },
     "localname": "RecourseSubordinateSecuritiesFinancingFacilitiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_RedwoodIncentivePlanMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Redwood Incentive Plan [Member]",
        "label": "Redwood Incentive Plan [Member]",
        "terseLabel": "Redwood Incentive Plan"
       }
      }
     },
     "localname": "RedwoodIncentivePlanMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_RedwoodTrustInc.Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Redwood Trust Inc. [Member]",
        "label": "Redwood Trust Inc. [Member]",
        "terseLabel": "Redwood"
       }
      }
     },
     "localname": "RedwoodTrustInc.Member",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_RepaymentsOfServicingAdvanceInvestments": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 8.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Repayments Of Servicing Advance Investments",
        "label": "Repayments Of Servicing Advance Investments",
        "terseLabel": "Principal repayments from servicer advance investments"
       }
      }
     },
     "localname": "RepaymentsOfServicingAdvanceInvestments",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_RepreformingLoansSecuritiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Re-preforming Loans Securities [Member]",
        "label": "Re-preforming Loans Securities [Member]",
        "terseLabel": "RPL securities"
       }
      }
     },
     "localname": "RepreformingLoansSecuritiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ResidentialAndCommercialLoansMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential and Commercial Loans [Member]",
        "label": "Residential and Commercial Loans [Member]",
        "terseLabel": "Unsecuritized Residential and Commercial Loans"
       }
      }
     },
     "localname": "ResidentialAndCommercialLoansMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ResidentialBridgeHeldForSaleAtFairValueMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential Bridge Held For Sale At Fair Value [Member]",
        "label": "Residential Bridge Held For Sale At Fair Value [Member]",
        "terseLabel": "Residential Bridge, Held-for-sale at fair value"
       }
      }
     },
     "localname": "ResidentialBridgeHeldForSaleAtFairValueMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ResidentialBridgeLoansHeldForInvestmentMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential Bridge Loans Held-for-investment [Member]",
        "label": "Residential Bridge Loans Held-For-Investment [Member]",
        "terseLabel": "Bridge loans held-for-investment",
        "verboseLabel": "Bridge loans"
       }
      }
     },
     "localname": "ResidentialBridgeLoansHeldForInvestmentMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ResidentialBridgeLoansMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential Bridge Loans [Member]",
        "label": "Residential Bridge Loans [Member]",
        "terseLabel": "Residential bridge loans"
       }
      }
     },
     "localname": "ResidentialBridgeLoansMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ResidentialLendingMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential Lending [Member]",
        "label": "Residential Lending [Member]",
        "terseLabel": "Residential Lending"
       }
      }
     },
     "localname": "ResidentialLendingMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ResidentialLoanSellerDemandsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential Loan Seller Demands",
        "label": "Residential Loan Seller Demands [Member]",
        "terseLabel": "Residential Loan Seller Demands"
       }
      }
     },
     "localname": "ResidentialLoanSellerDemandsMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ResidentialLoanWarehouseMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential Loan Warehouse [Member]",
        "label": "Residential Loan Warehouse [Member]",
        "terseLabel": "Residential loan warehouse",
        "verboseLabel": "Held-for-sale residential loans"
       }
      }
     },
     "localname": "ResidentialLoanWarehouseMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ResidentialLoansAtFairValueMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential Loans at Fair Value [Member]",
        "label": "Residential Loans at Fair Value [Member]",
        "terseLabel": "Residential Loans",
        "verboseLabel": "Residential loans, at fair value"
       }
      }
     },
     "localname": "ResidentialLoansAtFairValueMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ResidentialLoansHeldAtRedwoodMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential Loans Held At Redwood [Member]",
        "label": "Residential Loans Held At Redwood [Member]",
        "terseLabel": "Residential loans at Redwood"
       }
      }
     },
     "localname": "ResidentialLoansHeldAtRedwoodMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential Loans Held For Investment At Fair Value, Including Loans At Historical Cost [Member]",
        "label": "Residential Loans Held For Investment At Fair Value, Including Loans At Historical Cost [Member]",
        "terseLabel": "Residential loans, held-for-investment, at fair value"
       }
      }
     },
     "localname": "ResidentialLoansHeldForInvestmentAtFairValueIncludingLoansAtHistoricalCostMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ResidentialLoansHeldForInvestmentAtFairValueMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential Loans Held For Investment At Fair Value [Member]",
        "label": "Residential Loans Held For Investment At Fair Value [Member]",
        "terseLabel": "Held-for-investment at fair value",
        "verboseLabel": "Residential loans, held-for-investment"
       }
      }
     },
     "localname": "ResidentialLoansHeldForInvestmentAtFairValueMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ResidentialLoansHeldForInvestmentMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential Loans Held for Investment [Member]",
        "label": "Residential Loans Held for Investment [Member]",
        "terseLabel": "Residential loans, held-for-investment",
        "verboseLabel": "Residential loans at Redwood"
       }
      }
     },
     "localname": "ResidentialLoansHeldForInvestmentMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ResidentialLoansHeldForSaleMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential Loans Held For Sale [Member]",
        "label": "Residential Loans Held For Sale [Member]",
        "netLabel": "Held-for-sale at fair value",
        "terseLabel": "Held-for-sale residential loans",
        "verboseLabel": "Residential loans, held-for-sale, at fair value"
       }
      }
     },
     "localname": "ResidentialLoansHeldForSaleMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ResidentialLoansMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential Loans [Member]",
        "label": "Residential Loans [Member]",
        "terseLabel": "Residential loans"
       }
      }
     },
     "localname": "ResidentialLoansMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential Loans Priced To Securitization and Whole Loan Market, Uncommitted to Sell [Member]",
        "label": "Residential Loans Priced To Securitization and Whole Loan Market, Uncommitted to Sell [Member]",
        "terseLabel": "Jumbo fixed-rate loans"
       }
      }
     },
     "localname": "ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential Loans Priced To Whole Loan Market and Committed to Sell [Member]",
        "label": "Residential Loans Priced To Whole Loan Market and Committed to Sell [Member]",
        "terseLabel": "Jumbo loans committed to sell"
       }
      }
     },
     "localname": "ResidentialLoansPricedToWholeLoanMarketandCommittedtoSellMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ResidentialMortgageBankingActivitiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential Mortgage Banking Activities [Member]",
        "label": "Residential Mortgage Banking Activities [Member]",
        "terseLabel": "Residential Mortgage Banking Activities, Net"
       }
      }
     },
     "localname": "ResidentialMortgageBankingActivitiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Restricted Cash and Cash Equivalents, Fair Value Disclosure",
        "label": "Restricted Cash and Cash Equivalents, Fair Value Disclosure",
        "terseLabel": "Restricted cash"
       }
      }
     },
     "localname": "RestrictedCashAndCashEquivalentsFairValueDisclosure",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_RestrictedCashAndOtherAssetsPledgedAsCollateral": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails": {
       "order": 3.0,
       "parentTag": "rwt_ShorttermDebtPledgedasCollateral",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Restricted Cash and Other Assets Pledged as Collateral",
        "label": "Restricted Cash and Other Assets Pledged as Collateral",
        "terseLabel": "Other assets"
       }
      }
     },
     "localname": "RestrictedCashAndOtherAssetsPledgedAsCollateral",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_RestrictedCashCollateralForBorrowedSecurities": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Restricted Cash Collateral For Borrowed Securities",
        "label": "Restricted Cash Collateral For Borrowed Securities",
        "terseLabel": "Restricted cash"
       }
      }
     },
     "localname": "RestrictedCashCollateralForBorrowedSecurities",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_RestrictedCashMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Restricted Cash [Member]",
        "label": "Restricted Cash [Member]",
        "terseLabel": "Restricted cash"
       }
      }
     },
     "localname": "RestrictedCashMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ScheduleCollateralforShortTermDebtTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule Collateral for Short-Term Debt [Table Text Block]",
        "label": "Schedule Collateral for Short-Term Debt [Table Text Block]",
        "terseLabel": "Collateral for Short-Term Debt Facilities"
       }
      }
     },
     "localname": "ScheduleCollateralforShortTermDebtTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of information pertaining to asset backed securities, including but not limited to identification of components, terms, features, and other information necessary to a fair presentation.",
        "label": "Schedule of Asset Backed Securities [Table Text Block]",
        "terseLabel": "Asset-Backed Securities Issued"
       }
      }
     },
     "localname": "ScheduleOfAssetBackedSecuritiesTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_ScheduleOfCorporateAndOtherTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule Of Corporate And Other [Table Text Block]",
        "label": "Schedule Of Corporate And Other [Table Text Block]",
        "terseLabel": "Components of Corporate and Other"
       }
      }
     },
     "localname": "ScheduleOfCorporateAndOtherTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule Of Interest Payable On Asset-Backed Securities Issued [Table Text Block]",
        "label": "Schedule Of Interest Payable On Asset-Backed Securities Issued [Table Text Block]",
        "terseLabel": "Accrued Interest Payable on Asset-Backed Securities Issued"
       }
      }
     },
     "localname": "ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure for the total amount of market valuation adjustments for the period which are included in earnings.",
        "label": "Schedule Of Market Valuation Adjustments Included In Earnings [Table Text Block]",
        "terseLabel": "Market Valuation Gains and Losses, Net"
       }
      }
     },
     "localname": "ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule of Maturities of Debt Disclosure.",
        "label": "Schedule of Maturities of Debt Disclosure [Table Text Block]",
        "terseLabel": "Short-Term Debt by Collateral Type and Remaining Maturities"
       }
      }
     },
     "localname": "ScheduleOfMaturitiesOfDebtDisclosureTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_ScheduleOfMultifamilyLoansTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule of Multifamily Loans",
        "label": "Schedule of Multifamily Loans [Table Text Block]",
        "terseLabel": "Schedule of Multifamily Loans"
       }
      }
     },
     "localname": "ScheduleOfMultifamilyLoansTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/MultifamilyLoansTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the significant valuation assumptions used by management for credit loss allowance on available for sale securities.",
        "label": "Schedule Of Significant Valuation Assumptions For Available For Sale Securities Credit Loss [Table Text Block]",
        "terseLabel": "Summary of Significant Valuation Assumptions for Available for Sale Securities Credit Loss"
       }
      }
     },
     "localname": "ScheduleOfSignificantValuationAssumptionsForAvailableForSaleSecuritiesCreditLossTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_ScheduleofThirdPartySponsoredVIESummaryTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule of Third-Party Sponsored VIE Summary [Table Text Block]",
        "label": "Schedule of Third-Party Sponsored VIE Summary [Table Text Block]",
        "terseLabel": "Schedule of Third-Party Sponsored VIE Summary"
       }
      }
     },
     "localname": "ScheduleofThirdPartySponsoredVIESummaryTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_SecuredBorrowingsDisclosureTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This item represents the disclosure related to the asset-backed securities issued under the Sequoia and Acacia securitization entities, and the Residential Resecuritization and Commercial Securitization entities, including their respective components, collateral, and accrued interest payable.",
        "label": "Secured Borrowings Disclosure [Text Block]",
        "terseLabel": "Asset-Backed Securities Issued"
       }
      }
     },
     "localname": "SecuredBorrowingsDisclosureTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssued"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_SecuritiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Securities [Member]",
        "label": "Securities [Member]",
        "terseLabel": "Securities"
       }
      }
     },
     "localname": "SecuritiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SecuritiesRetainedAtFairValueDuringPeriod": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Securities Retained At Fair Value During Period",
        "label": "Securities Retained At Fair Value During Period",
        "terseLabel": "Securities retained, at fair value"
       }
      }
     },
     "localname": "SecuritiesRetainedAtFairValueDuringPeriod",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_SeniorAndSubordinatedSecuritiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Senior and Subordinated Securities [Member]",
        "label": "Senior and Subordinated Securities [Member]",
        "terseLabel": "Subordinate securities, classified as AFS"
       }
      }
     },
     "localname": "SeniorAndSubordinatedSecuritiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SeniorCreditSpreadMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Senior Credit Spread [Member]",
        "label": "Senior Credit Spread [Member]",
        "terseLabel": "Senior credit spread"
       }
      }
     },
     "localname": "SeniorCreditSpreadMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SeniorCreditSupportMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Senior Credit Support [Member]",
        "label": "Senior Credit Support [Member]",
        "terseLabel": "Senior credit support"
       }
      }
     },
     "localname": "SeniorCreditSupportMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SeniorNotesDue2023Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Senior Notes Due 2023 [Member]",
        "label": "Senior Notes Due 2023 [Member]",
        "terseLabel": "4.75% convertible senior notes"
       }
      }
     },
     "localname": "SeniorNotesDue2023Member",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SeniorNotesDue2024Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Senior Notes Due 2024 [Member]",
        "label": "Senior Notes Due 2024 [Member]",
        "terseLabel": "5.625% convertible senior notes"
       }
      }
     },
     "localname": "SeniorNotesDue2024Member",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SeniorSecuritiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Senior Securities [Member]",
        "label": "Senior Securities [Member]",
        "netLabel": "Senior Securities",
        "terseLabel": "Senior IO Securities",
        "verboseLabel": "Senior"
       }
      }
     },
     "localname": "SeniorSecuritiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Sensitivity Analysis of Fair Value of Interests that Continue to be Held by Transferor, Servicing Assets or Liabilities [Abstract]",
        "label": "Sensitivity Analysis of Fair Value of Interests that Continue to be Held by Transferor, Servicing Assets or Liabilities [Abstract]",
        "terseLabel": "Decrease in fair value from:"
       }
      }
     },
     "localname": "SensitivityAnalysisOfFairValueInterestsThatContinueToBeHeldByTransferorServicingAssetsOrLiabilitiesAbstract",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of Adverse Change In Expected Credit Losses [Abstract]",
        "label": "Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of Adverse Change In Expected Credit Losses [Abstract]",
        "terseLabel": "Decrease in fair value from:"
       }
      }
     },
     "localname": "SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInExpectedCreditLossesAbstract",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of Adverse Change In Prepayment Speed [Abstract]",
        "label": "Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of Adverse Change In Prepayment Speed [Abstract]",
        "terseLabel": "Decrease in fair value from:"
       }
      }
     },
     "localname": "SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInPrepaymentSpeedAbstract",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "rwt_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The hypothetical financial impact of a 200 basis point adverse change of the discount rate on the fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.",
        "label": "Sensitivity Analysis of Fair Value of Interests Continued to Be Held by Transferor Servicing Assets or Liabilities Impact of Two Hundred Basis Point Adverse Change in Discount Rate",
        "terseLabel": "200 basis point increase"
       }
      }
     },
     "localname": "SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfTwoHundredBasisPointAdverseChangeInDiscountRate",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Sensitivity Analysis Of Fair Value, Transferor's Interests In Transferred Financial Assets, Impact Of Adverse Change In Expected Credit Losses, Percent",
        "label": "Sensitivity Analysis Of Fair Value, Transferor's Interests In Transferred Financial Assets, Impact Of Adverse Change In Expected Credit Losses, Percent",
        "terseLabel": "Impact of adverse change in expected credit losses"
       }
      }
     },
     "localname": "SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInExpectedCreditLossesPercent",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Sensitivity Analysis Of Fair Value, Transferor's Interests In Transferred Financial Assets, Impact Of Adverse Change In Prepayment Speed, Percent",
        "label": "Sensitivity Analysis Of Fair Value, Transferor's Interests In Transferred Financial Assets, Impact Of Adverse Change In Prepayment Speed, Percent",
        "terseLabel": "Impact of adverse change in prepayment speed"
       }
      }
     },
     "localname": "SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOfAdverseChangeInPrepaymentSpeedPercent",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "rwt_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Sensitivity Analysis Of Fair Value, Transferor's Interests In Transferred Financial Assets, Impact On Discount Rate Of Basis Point Increase, Percent",
        "label": "Sensitivity Analysis Of Fair Value, Transferor's Interests In Transferred Financial Assets, Impact On Discount Rate Of Basis Point Increase, Percent",
        "terseLabel": "Impact of increase in discount rate assumption"
       }
      }
     },
     "localname": "SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOnDiscountRateOfBasisPointIncreasePercent",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "rwt_SequoiaChoiceSecuritizationEntitiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Sequoia Choice Securitization Entities [Member]",
        "label": "Sequoia Choice Securitization Entities [Member]",
        "terseLabel": "Sequoia Choice"
       }
      }
     },
     "localname": "SequoiaChoiceSecuritizationEntitiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SequoiaSecuritiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Sequoia Securities [Member]",
        "label": "Sequoia Securities [Member]",
        "terseLabel": "Sequoia securities"
       }
      }
     },
     "localname": "SequoiaSecuritiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ServicerAdvanceFinancingMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Servicer Advance Financing [Member]",
        "label": "Servicer Advance Financing [Member]",
        "terseLabel": "Servicer advance financing"
       }
      }
     },
     "localname": "ServicerAdvanceFinancingMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ServicerAdvanceInvestments": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Servicer Advance Investments",
        "label": "Servicer Advance Investments",
        "terseLabel": "Servicer advance investments"
       }
      }
     },
     "localname": "ServicerAdvanceInvestments",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_ServicerAdvanceInvestmentsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Servicer Advance Investments [Member]",
        "label": "Servicer Advance Investments [Member]",
        "terseLabel": "Servicer advance investments",
        "verboseLabel": "Servicer Advance Investments"
       }
      }
     },
     "localname": "ServicerAdvanceInvestmentsMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ServicerAdvancesCollateral": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Servicer Advances Collateral",
        "label": "Servicer Advances Collateral",
        "terseLabel": "Servicer advances"
       }
      }
     },
     "localname": "ServicerAdvancesCollateral",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Servicing Asset At Fair Value, Unpaid Principal Balance On Underlying Loans",
        "label": "Servicing Asset At Fair Value, Unpaid Principal Balance On Underlying Loans",
        "terseLabel": "Servicing asset, unpaid principal balance on underlying loan"
       }
      }
     },
     "localname": "ServicingAssetAtFairValueUnpaidPrincipalBalanceOnUnderlyingLoans",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_ServicingAssetExpectedRemainingLife": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Servicing Asset, Expected Remaining Life",
        "label": "Servicing Asset, Expected Remaining Life",
        "terseLabel": "Expected remaining life"
       }
      }
     },
     "localname": "ServicingAssetExpectedRemainingLife",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "rwt_ServicingAssetsAtFairValueCorporateAdvances": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_ServicingAssetAtFairValueAmount",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Servicing Assets At Fair Value, Corporate Advances",
        "label": "Servicing Assets At Fair Value, Corporate Advances",
        "terseLabel": "Corporate advances"
       }
      }
     },
     "localname": "ServicingAssetsAtFairValueCorporateAdvances",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_ServicingAssetsAtFairValueEscrowAdvances": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_ServicingAssetAtFairValueAmount",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Servicing Assets At Fair Value, Escrow Advances",
        "label": "Servicing Assets At Fair Value, Escrow Advances",
        "terseLabel": "Escrow advances (taxes and insurance advances)"
       }
      }
     },
     "localname": "ServicingAssetsAtFairValueEscrowAdvances",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_ServicingAssetsAtFairValuePrincipalAndInterestAdvances": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_ServicingAssetAtFairValueAmount",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Servicing Assets At Fair Value, Principal And Interest Advances",
        "label": "Servicing Assets At Fair Value, Principal And Interest Advances",
        "terseLabel": "Principal and interest advances"
       }
      }
     },
     "localname": "ServicingAssetsAtFairValuePrincipalAndInterestAdvances",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_ServicingFees1": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Servicing Fees 1",
        "label": "Servicing Fees 1",
        "terseLabel": "Fee income"
       }
      }
     },
     "localname": "ServicingFees1",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_SettlementInCashMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Settlement in Cash",
        "label": "Settlement in Cash [Member]",
        "terseLabel": "Settlement in Cash"
       }
      }
     },
     "localname": "SettlementInCashMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SettlementInCommonStockMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Settlement in Common Stock",
        "label": "Settlement in Common Stock [Member]",
        "terseLabel": "Settlement in Common Stock"
       }
      }
     },
     "localname": "SettlementInCommonStockMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Distributed in Period",
        "label": "Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Distributed in Period",
        "terseLabel": "Stock units distributed (in shares)"
       }
      }
     },
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDistributedInPeriod",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "rwt_ShareRepurchaseProgramFebruary2018Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Share Repurchase Program, February 2018 [Member]",
        "label": "Share Repurchase Program, February 2018 [Member]",
        "terseLabel": "Share Repurchase Plan, February 2018"
       }
      }
     },
     "localname": "ShareRepurchaseProgramFebruary2018Member",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Represents the amount of equity grant forfeitures during the period.",
        "label": "Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost, Forfeitures",
        "negatedLabel": "Equity grant forfeitures"
       }
      }
     },
     "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_SharedHomeAppreciationOptionsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Shared Home Appreciation Options",
        "label": "Shared Home Appreciation Options [Member]",
        "terseLabel": "Shared Home Appreciation Options"
       }
      }
     },
     "localname": "SharedHomeAppreciationOptionsMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ShortTermBorrowingAgreementMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Short Term Borrowing Agreement [Member]",
        "label": "Short Term Borrowing Agreement [Member]",
        "terseLabel": "Short Term Borrowing Agreement"
       }
      }
     },
     "localname": "ShortTermBorrowingAgreementMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ShorttermDebtPledgedasCollateral": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Short-term Debt Pledged as Collateral",
        "label": "Short-term Debt Pledged as Collateral",
        "totalLabel": "Total collateral for financing"
       }
      }
     },
     "localname": "ShorttermDebtPledgedasCollateral",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_SingleFamilyBusinessPurposeResidentialLoansMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Single Family Business Purpose Residential Loans [Member]",
        "label": "Single Family Business Purpose Residential Loans [Member]",
        "terseLabel": "Single-family rental loans"
       }
      }
     },
     "localname": "SingleFamilyBusinessPurposeResidentialLoansMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SingleFamilyRentalLoanWarehouseFacilitiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Single-Family Rental Loan Warehouse Facilities [Member]",
        "label": "Single-Family Rental Loan Warehouse Facilities [Member]",
        "verboseLabel": "Business purpose residential loan warehouse"
       }
      }
     },
     "localname": "SingleFamilyRentalLoanWarehouseFacilitiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Single Family Rental Loans Held For Investment At Fair Value [Member]",
        "label": "Single Family Rental Loans Held For Investment At Fair Value [Member]",
        "terseLabel": "Single-family rental loans held-for-investment"
       }
      }
     },
     "localname": "SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SingleFamilyRentalLoansHeldForSaleAtFairValueMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Single-Family Rental Loans, Held-For-Sale At Fair Value [Member]",
        "label": "Single-Family Rental Loans, Held-For-Sale At Fair Value [Member]",
        "terseLabel": "Single-family rental loans, held-for-sale",
        "verboseLabel": "Single-family rental loans, at fair value"
       }
      }
     },
     "localname": "SingleFamilyRentalLoansHeldForSaleAtFairValueMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SingleFamilyRentalLoansHeldForSaleMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Single-Family Rental Loans, Held-For-Sale",
        "label": "Single-Family Rental Loans, Held-For-Sale [Member]",
        "terseLabel": "Single-Family Rental Loans, Held-For-Sale"
       }
      }
     },
     "localname": "SingleFamilyRentalLoansHeldForSaleMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SingleFamilyRentalLoansMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Single Family Rental Loans",
        "label": "Single Family Rental Loans [Member]",
        "terseLabel": "Single family rental loans"
       }
      }
     },
     "localname": "SingleFamilyRentalLoansMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SingleFamilyResidentialLoansHeldforsaleatFairValueMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Single-Family Residential Loans Held-for-sale at Fair Value [Member]",
        "label": "Single-Family Residential Loans Held-for-sale at Fair Value [Member]",
        "terseLabel": "Single-family rental loans held-for-sale, at fair value"
       }
      }
     },
     "localname": "SingleFamilyResidentialLoansHeldforsaleatFairValueMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SpecialPurposeEntitiesAssets": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Special Purpose Entities, Assets",
        "label": "Special Purpose Entities, Assets",
        "terseLabel": "Special purpose entities assets"
       }
      }
     },
     "localname": "SpecialPurposeEntitiesAssets",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_SpecialPurposeEntitiesLiabilities": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Special Purpose Entities, Liabilities",
        "label": "Special Purpose Entities, Liabilities",
        "terseLabel": "Special purpose entities liabilities"
       }
      }
     },
     "localname": "SpecialPurposeEntitiesLiabilities",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_StockIssuanceProgramAuthorizedAmount": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stock Issuance Program, Authorized Amount",
        "label": "Stock Issuance Program, Authorized Amount",
        "terseLabel": "Stock issuance program, authorized amount"
       }
      }
     },
     "localname": "StockIssuanceProgramAuthorizedAmount",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stock Issuance Program, Remaining Authorized Issuance Amount",
        "label": "Stock Issuance Program, Remaining Authorized Issuance Amount",
        "terseLabel": "Remaining capacity"
       }
      }
     },
     "localname": "StockIssuanceProgramRemainingAuthorizedIssuanceAmount",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stock Issued During Period, Shares, Dividend Reinvestment and Stock Purchase Plan",
        "label": "Stock Issued During Period, Shares, Dividend Reinvestment and Stock Purchase Plan",
        "terseLabel": "Direct stock purchase and dividend reinvestment plan (in shares)"
       }
      }
     },
     "localname": "StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "rwt_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stock Issued During Period, Shares, Employee Stock Purchase Plans And Other Incentive Plans",
        "label": "Stock Issued During Period, Shares, Employee Stock Purchase Plans And Other Incentive Plans",
        "terseLabel": "Employee stock purchase and incentive plans (in shares)"
       }
      }
     },
     "localname": "StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansAndOtherIncentivePlans",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
     ],
     "xbrltype": "sharesItemType"
    },
    "rwt_StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stock Issued During Period, Value, Employee Stock Purchase Plans And Other Incentive Plans",
        "label": "Stock Issued During Period, Value, Employee Stock Purchase Plans And Other Incentive Plans",
        "terseLabel": "Employee stock purchase and incentive plans"
       }
      }
     },
     "localname": "StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_StockholdersEquityNoteLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stockholders Equity Note [Line Items]",
        "label": "Stockholders Equity Note [Line Items]",
        "terseLabel": "Stockholders Equity Note [Line Items]"
       }
      }
     },
     "localname": "StockholdersEquityNoteLineItems",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "rwt_StockholdersEquityNoteTable": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stockholders Equity Note [Table]",
        "label": "Stockholders Equity Note [Table]",
        "terseLabel": "Stockholders Equity Note [Table]"
       }
      }
     },
     "localname": "StockholdersEquityNoteTable",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "rwt_SubordinateSecuritiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Subordinate Securities [Member]",
        "label": "Subordinate Securities [Member]",
        "netLabel": "Subordinate",
        "terseLabel": "Subordinate Securities",
        "verboseLabel": "Subordinate"
       }
      }
     },
     "localname": "SubordinateSecuritiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_SummaryOfOtherInvestmentsTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Summary Of Other Investments [Table Text Block]",
        "label": "Summary Of Other Investments [Table Text Block]",
        "terseLabel": "Summary of Other Investments"
       }
      }
     },
     "localname": "SummaryOfOtherInvestmentsTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherInvestmentsTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_SupplementalBalanceSheetTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Supplemental Balance Sheet [Table Text Block]",
        "label": "Supplemental Balance Sheet [Table Text Block]",
        "terseLabel": "Supplemental Information by Segment"
       }
      }
     },
     "localname": "SupplementalBalanceSheetTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_ThirdPartyResidentialInvestmentsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Third-Party Residential Investments [Member]",
        "label": "Third-Party Residential Investments [Member]",
        "terseLabel": "Third-Party Investments"
       }
      }
     },
     "localname": "ThirdPartyResidentialInvestmentsMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_ToBeAnnouncedContractsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "TBA Contracts [Member]",
        "label": "TBA Contracts [Member]",
        "terseLabel": "TBAs"
       }
      }
     },
     "localname": "ToBeAnnouncedContractsMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails",
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_TradingSecuritiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Trading Securities [Member]",
        "label": "Trading Securities1 [Member]",
        "netLabel": "Trading securities",
        "terseLabel": "Trading securities",
        "verboseLabel": "Trading securities retained, at fair value"
       }
      }
     },
     "localname": "TradingSecuritiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_TransferAndHoldCostsAssociatedWithLoanAcquisitions": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 3.0,
       "parentTag": "rwt_LoanAcquisitionCosts",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Transfer and Hold Costs Associated With Loan Acquisitions",
        "label": "Transfer and Hold Costs Associated With Loan Acquisitions",
        "terseLabel": "Transfer and holding costs"
       }
      }
     },
     "localname": "TransferAndHoldCostsAssociatedWithLoanAcquisitions",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Trust Preferred Securities And Subordinated Notes, Net, Fair Value Disclosure",
        "label": "Trust Preferred Securities And Subordinated Notes, Net, Fair Value Disclosure",
        "terseLabel": "Trust preferred securities and subordinated notes, net"
       }
      }
     },
     "localname": "TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_TrustPreferredSecuritiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Trust Preferred Securities [Member]",
        "label": "Trust Preferred Securities [Member]",
        "terseLabel": "Trust preferred securities and subordinated notes"
       }
      }
     },
     "localname": "TrustPreferredSecuritiesMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "rwt_UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the changes in the unamortized discount and designated credit reserves on Available for Sale securities for the period.",
        "label": "Unamortized Discount and Designated Credit Reserves on Available for Sale Securities [Table Text Block]",
        "terseLabel": "Changes of Unamortized Discount and Designated Credit Reserves on Residential Available for Sale Securities"
       }
      }
     },
     "localname": "UnamortizedDiscountAndDesignatedCreditReservesOnAvailableForSaleSecuritiesTableTextBlock",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "rwt_UnamortizedDiscountandDesignatedCreditReservesRollForward": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Unamortized Discount and Designated Credit Reserves [Roll Forward]",
        "label": "Unamortized Discount and Designated Credit Reserves [Roll Forward]",
        "terseLabel": "Unamortized Discount and Designated Credit Reserves"
       }
      }
     },
     "localname": "UnamortizedDiscountandDesignatedCreditReservesRollForward",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "rwt_UnderwritingCostsAssociatedWithLoanAcquisitions": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 2.0,
       "parentTag": "rwt_LoanAcquisitionCosts",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Underwriting Costs Associated With Loan Acquisitions",
        "label": "Underwriting Costs Associated With Loan Acquisitions",
        "terseLabel": "Underwriting costs"
       }
      }
     },
     "localname": "UnderwritingCostsAssociatedWithLoanAcquisitions",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_UnpaidPrincipalBalanceOfSecuritizationPurchased": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Unpaid Principal Balance Of Securitization Purchased",
        "label": "Unpaid Principal Balance Of Securitization Purchased",
        "terseLabel": "Unpaid principal balance of loans purchased"
       }
      }
     },
     "localname": "UnpaidPrincipalBalanceOfSecuritizationPurchased",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_VariableCompensationExpense": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_GeneralAndAdministrativeExpense",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Variable Compensation Expense",
        "label": "Variable Compensation Expense",
        "terseLabel": "Annual variable compensation"
       }
      }
     },
     "localname": "VariableCompensationExpense",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "rwt_WholeLoanSpreadToTBAPriceMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Whole Loan Spread to TBA Price",
        "label": "Whole Loan Spread to TBA Price [Member]",
        "terseLabel": "Whole Loan Spread to TBA Price"
       }
      }
     },
     "localname": "WholeLoanSpreadToTBAPriceMember",
     "nsuri": "http://www.redwoodtrust.com/20210331",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_AffiliatedEntityMember": {
     "auth_ref": [
      "r348",
      "r498",
      "r499",
      "r500",
      "r693",
      "r701"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "An affiliate is a party that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the entity.",
        "label": "Affiliated Entity [Member]",
        "terseLabel": "Affiliated Entity"
       }
      }
     },
     "localname": "AffiliatedEntityMember",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_ConsolidatedEntitiesAxis": {
     "auth_ref": [
      "r405",
      "r406",
      "r410",
      "r411",
      "r693",
      "r701"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by consolidated entity or group of entities.",
        "label": "Consolidated Entities [Axis]",
        "terseLabel": "Consolidated Entities [Axis]"
       }
      }
     },
     "localname": "ConsolidatedEntitiesAxis",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_ConsolidatedEntitiesDomain": {
     "auth_ref": [
      "r405",
      "r406",
      "r410",
      "r411"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Entity or group of entities consolidated into reporting entity.",
        "label": "Consolidated Entities [Domain]",
        "terseLabel": "Consolidated Entities [Domain]"
       }
      }
     },
     "localname": "ConsolidatedEntitiesDomain",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_ConsolidationItemsAxis": {
     "auth_ref": [
      "r181",
      "r194",
      "r195",
      "r196",
      "r197",
      "r199",
      "r201",
      "r205"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by components, eliminations, non-segment corporate-level activity and reconciling items used in consolidating a parent entity and its subsidiaries or its operating segments.",
        "label": "Consolidation Items [Axis]",
        "terseLabel": "Consolidation Items [Axis]"
       }
      }
     },
     "localname": "ConsolidationItemsAxis",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_ConsolidationItemsDomain": {
     "auth_ref": [
      "r181",
      "r194",
      "r195",
      "r196",
      "r197",
      "r199",
      "r201",
      "r205"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Components, elimination, non-segment corporate-level activity and reconciling items used in consolidating a parent entity and its subsidiaries or its operating segments.",
        "label": "Consolidation Items [Domain]",
        "terseLabel": "Consolidation Items [Domain]"
       }
      }
     },
     "localname": "ConsolidationItemsDomain",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_EquityMethodInvesteeNameDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of investment, including named security. Excludes consolidated entity.",
        "label": "Investment, Name [Domain]",
        "terseLabel": "Investment, Name [Domain]"
       }
      }
     },
     "localname": "EquityMethodInvesteeNameDomain",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_LitigationCaseAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of judicial proceeding, alternative dispute resolution or claim.",
        "label": "Litigation Case [Axis]",
        "terseLabel": "Litigation Case [Axis]"
       }
      }
     },
     "localname": "LitigationCaseAxis",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_LitigationCaseTypeDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Judicial proceeding, alternative dispute resolution or claim. For example, but not limited to, name of case, category of litigation, or other differentiating information.",
        "label": "Litigation Case [Domain]",
        "terseLabel": "Litigation Case [Domain]"
       }
      }
     },
     "localname": "LitigationCaseTypeDomain",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_MaximumMember": {
     "auth_ref": [
      "r351",
      "r353",
      "r508",
      "r509",
      "r510",
      "r516",
      "r517",
      "r518",
      "r548",
      "r639",
      "r640"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Upper limit of the provided range.",
        "label": "Maximum [Member]",
        "terseLabel": "Maximum"
       }
      }
     },
     "localname": "MaximumMember",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_MinimumMember": {
     "auth_ref": [
      "r351",
      "r353",
      "r508",
      "r509",
      "r510",
      "r516",
      "r517",
      "r518",
      "r548",
      "r639",
      "r640"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Lower limit of the provided range.",
        "label": "Minimum [Member]",
        "terseLabel": "Minimum"
       }
      }
     },
     "localname": "MinimumMember",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_MortgageLoansOnRealEstateLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]",
        "terseLabel": "SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]"
       }
      }
     },
     "localname": "MortgageLoansOnRealEstateLineItems",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_MortgageLoansOnRealEstateNumberOfLoans": {
     "auth_ref": [
      "r690",
      "r700"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Number of Loans",
        "terseLabel": "Number of loans"
       }
      }
     },
     "localname": "MortgageLoansOnRealEstateNumberOfLoans",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "srt_MortgageLoansOnRealEstateScheduleTable": {
     "auth_ref": [
      "r692",
      "r702"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of information about 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.",
        "label": "SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate Schedule [Table]",
        "terseLabel": "SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate Schedule [Table]"
       }
      }
     },
     "localname": "MortgageLoansOnRealEstateScheduleTable",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_RangeAxis": {
     "auth_ref": [
      "r340",
      "r351",
      "r353",
      "r508",
      "r509",
      "r510",
      "r516",
      "r517",
      "r518",
      "r548",
      "r639",
      "r640"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by statistical measurement. Includes, but is not limited to, minimum, maximum, weighted average, arithmetic average, and median.",
        "label": "Statistical Measurement [Axis]",
        "terseLabel": "Statistical Measurement [Axis]"
       }
      }
     },
     "localname": "RangeAxis",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_RangeMember": {
     "auth_ref": [
      "r340",
      "r351",
      "r353",
      "r508",
      "r509",
      "r510",
      "r516",
      "r517",
      "r518",
      "r548",
      "r639",
      "r640"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Statistical measurement. Includes, but is not limited to, minimum, maximum, weighted average, arithmetic average, and median.",
        "label": "Statistical Measurement [Domain]",
        "terseLabel": "Statistical Measurement [Domain]"
       }
      }
     },
     "localname": "RangeMember",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_RestatementAxis": {
     "auth_ref": [
      "r131",
      "r132",
      "r133",
      "r134",
      "r135",
      "r136",
      "r137",
      "r138",
      "r139",
      "r141",
      "r142",
      "r143",
      "r144",
      "r145",
      "r161",
      "r253",
      "r254",
      "r371",
      "r383",
      "r641",
      "r642",
      "r643",
      "r644",
      "r645",
      "r646",
      "r647",
      "r648",
      "r649",
      "r650"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by adjustment to previously issued financial statements. Includes, but is not limited to, adjustment for retrospective application of amendment to accounting standards, other change in accounting principle, correction of error, and other revision.",
        "label": "Revision of Prior Period [Axis]",
        "terseLabel": "Revision of Prior Period [Axis]"
       }
      }
     },
     "localname": "RestatementAxis",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_RestatementDomain": {
     "auth_ref": [
      "r131",
      "r132",
      "r133",
      "r134",
      "r135",
      "r136",
      "r137",
      "r138",
      "r139",
      "r141",
      "r142",
      "r143",
      "r144",
      "r145",
      "r161",
      "r253",
      "r254",
      "r371",
      "r383",
      "r641",
      "r642",
      "r643",
      "r644",
      "r645",
      "r646",
      "r647",
      "r648",
      "r649",
      "r650"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Adjustment to previously issued financial statements. Includes, but is not limited to, adjustment for retrospective application of amendment to accounting standards, other change in accounting principle, correction of error, and other revision.",
        "label": "Revision of Prior Period [Domain]",
        "terseLabel": "Revision of Prior Period [Domain]"
       }
      }
     },
     "localname": "RestatementDomain",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember": {
     "auth_ref": [
      "r135",
      "r136",
      "r139",
      "r253",
      "r254",
      "r371",
      "r383",
      "r641",
      "r642",
      "r643",
      "r644",
      "r645",
      "r646",
      "r647",
      "r648",
      "r649",
      "r650"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cumulative increase (decrease) to previously issued financial statements for retrospective application of amendment to accounting standards and adjustment for reclassification from amendment to accounting standards.",
        "label": "Revision of Prior Period, Accounting Standards Update, Adjustment [Member]",
        "terseLabel": "Revision of Prior Period, Accounting Standards Update, Adjustment"
       }
      }
     },
     "localname": "RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis": {
     "auth_ref": [
      "r250"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by name of investment, including named security. Excludes consolidated entity.",
        "label": "Investment, Name [Axis]",
        "terseLabel": "Investment, Name [Axis]"
       }
      }
     },
     "localname": "ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_WeightedAverageMember": {
     "auth_ref": [
      "r508",
      "r510",
      "r518"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Average of a range of values, calculated with consideration of proportional relevance.",
        "label": "Weighted Average [Member]",
        "terseLabel": "Weighted Average"
       }
      }
     },
     "localname": "WeightedAverageMember",
     "nsuri": "http://fasb.org/srt/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_AccountingPoliciesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Accounting Policies [Abstract]",
        "terseLabel": "Accounting Policies [Abstract]"
       }
      }
     },
     "localname": "AccountingPoliciesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_AccountsNotesAndLoansReceivableLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Accounts, Notes, Loans and Financing Receivable [Line Items]",
        "terseLabel": "Accounts, Notes, Loans and Financing Receivable [Line Items]"
       }
      }
     },
     "localname": "AccountsNotesAndLoansReceivableLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_AccountsPayableCurrent": {
     "auth_ref": [
      "r31"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 7.0,
       "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).",
        "label": "Accounts Payable, Current",
        "terseLabel": "Current accounts payable"
       }
      }
     },
     "localname": "AccountsPayableCurrent",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AccountsReceivableFairValueDisclosure": {
     "auth_ref": [
      "r470"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value portion of amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties.",
        "label": "Accounts Receivable, Fair Value Disclosure",
        "terseLabel": "Margin receivable"
       }
      }
     },
     "localname": "AccountsReceivableFairValueDisclosure",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments": {
     "auth_ref": [
      "r113"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 2.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method.",
        "label": "Accretion (Amortization) of Discounts and Premiums, Investments",
        "negatedLabel": "Amortization of premiums, discounts, and securities issuance costs, net"
       }
      }
     },
     "localname": "AccretionAmortizationOfDiscountsAndPremiumsInvestments",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AccruedIncomeTaxesCurrent": {
     "auth_ref": [
      "r13",
      "r570",
      "r611"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 12.0,
       "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.",
        "label": "Accrued Income Taxes, Current",
        "terseLabel": "Accrued income taxes payable"
       }
      }
     },
     "localname": "AccruedIncomeTaxesCurrent",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AccruedInvestmentIncomeReceivable": {
     "auth_ref": [
      "r19",
      "r567",
      "r618"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_OtherAssets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest, dividends, rents, ancillary and other revenues earned but not yet received by the entity on its investments.",
        "label": "Accrued Investment Income Receivable",
        "terseLabel": "Investment receivable"
       }
      }
     },
     "localname": "AccruedInvestmentIncomeReceivable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent": {
     "auth_ref": [
      "r580",
      "r624"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 3.0,
       "parentTag": "us-gaap_Liabilities",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities.",
        "label": "Accrued Liabilities",
        "terseLabel": "Accrued expenses and other liabilities",
        "totalLabel": "Total Accrued Expenses and Other Liabilities"
       }
      }
     },
     "localname": "AccruedLiabilitiesCurrentAndNoncurrent",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment": {
     "auth_ref": [
      "r30",
      "r301"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.",
        "label": "Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment",
        "terseLabel": "Accumulated depreciation"
       }
      }
     },
     "localname": "AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember": {
     "auth_ref": [
      "r651"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cumulative distributions to shareholders (or partners) in excess of retained earnings (or accumulated earnings).",
        "label": "Accumulated Distributions in Excess of Net Income [Member]",
        "terseLabel": "Cumulative Distributions to Stockholders"
       }
      }
     },
     "localname": "AccumulatedDistributionsInExcessOfNetIncomeMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember": {
     "auth_ref": [
      "r62",
      "r71",
      "r408"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accumulated other comprehensive income (loss) from gain (loss) of derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness, attributable to parent.",
        "label": "Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]",
        "terseLabel": "Interest Rate Agreements Accounted for as Cash Flow Hedges"
       }
      }
     },
     "localname": "AccumulatedGainLossNetCashFlowHedgeParentMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails",
      "http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember": {
     "auth_ref": [
      "r56",
      "r57",
      "r58",
      "r62",
      "r65"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accumulated unrealized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), attributable to parent.",
        "label": "AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]",
        "verboseLabel": "Available-for-Sale Securities"
       }
      }
     },
     "localname": "AccumulatedNetUnrealizedInvestmentGainLossMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails",
      "http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Accumulated Other Comprehensive Income (Loss) [Line Items]",
        "terseLabel": "Accumulated Other Comprehensive Income (Loss) [Line Items]"
       }
      }
     },
     "localname": "AccumulatedOtherComprehensiveIncomeLossLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax": {
     "auth_ref": [
      "r22",
      "r60",
      "r61",
      "r62",
      "r615",
      "r646",
      "r650"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 3.0,
       "parentTag": "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.",
        "label": "Accumulated Other Comprehensive Income (Loss), Net of Tax",
        "terseLabel": "Accumulated other comprehensive income (loss)"
       }
      }
     },
     "localname": "AccumulatedOtherComprehensiveIncomeLossNetOfTax",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AccumulatedOtherComprehensiveIncomeLossTable": {
     "auth_ref": [
      "r477",
      "r478",
      "r479",
      "r480",
      "r481",
      "r483"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of information about components of accumulated other comprehensive income (loss).",
        "label": "Accumulated Other Comprehensive Income (Loss) [Table]",
        "terseLabel": "Accumulated Other Comprehensive Income (Loss) [Table]"
       }
      }
     },
     "localname": "AccumulatedOtherComprehensiveIncomeLossTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_AccumulatedOtherComprehensiveIncomeMember": {
     "auth_ref": [
      "r59",
      "r62",
      "r65",
      "r131",
      "r132",
      "r134",
      "r409",
      "r641",
      "r642"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accumulated increase (decrease) in equity from transactions and other events and circumstances from non-owner sources, attributable to the parent. Excludes net income (loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners.",
        "label": "AOCI Attributable to Parent [Member]",
        "terseLabel": "Accumulated Other Comprehensive Income (Loss)"
       }
      }
     },
     "localname": "AccumulatedOtherComprehensiveIncomeMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_AdditionalPaidInCapitalCommonStock": {
     "auth_ref": [
      "r20"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 2.0,
       "parentTag": "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.",
        "label": "Additional Paid in Capital, Common Stock",
        "terseLabel": "Additional paid-in capital"
       }
      }
     },
     "localname": "AdditionalPaidInCapitalCommonStock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AdditionalPaidInCapitalMember": {
     "auth_ref": [
      "r131",
      "r132",
      "r134",
      "r368",
      "r369",
      "r370"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders.",
        "label": "Additional Paid-in Capital [Member]",
        "terseLabel": "Additional Paid-In Capital"
       }
      }
     },
     "localname": "AdditionalPaidInCapitalMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_AdjustmentForAmortization": {
     "auth_ref": [
      "r112",
      "r296"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives.",
        "label": "Amortization",
        "terseLabel": "Non-cash amortization (expense) income, net"
       }
      }
     },
     "localname": "AdjustmentForAmortization",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue": {
     "auth_ref": [
      "r354",
      "r356",
      "r373",
      "r374"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of increase to additional paid-in capital (APIC) for recognition of cost for award under share-based payment arrangement.",
        "label": "APIC, Share-based Payment Arrangement, Increase for Cost Recognition",
        "terseLabel": "Non-cash equity award compensation"
       }
      }
     },
     "localname": "AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]",
        "terseLabel": "Adjustments to reconcile net income (loss) to net cash used in operating activities:"
       }
      }
     },
     "localname": "AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_AllocatedShareBasedCompensationExpense": {
     "auth_ref": [
      "r356",
      "r364",
      "r372"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_GeneralAndAdministrativeExpense",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of expense for award under share-based payment arrangement. Excludes amount capitalized.",
        "label": "Share-based Payment Arrangement, Expense",
        "terseLabel": "Long-term incentive award expense"
       }
      }
     },
     "localname": "AllocatedShareBasedCompensationExpense",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AmortizationOfFinancingCosts": {
     "auth_ref": [
      "r78",
      "r112",
      "r487"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of amortization expense attributable to debt issuance costs.",
        "label": "Amortization of Debt Issuance Costs",
        "terseLabel": "Amortization of debt issuance costs"
       }
      }
     },
     "localname": "AmortizationOfFinancingCosts",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount": {
     "auth_ref": [
      "r160"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.",
        "label": "Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount",
        "terseLabel": "Securities excluded in the calculation of diluted earnings per share (in shares)"
       }
      }
     },
     "localname": "AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis": {
     "auth_ref": [
      "r160"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of antidilutive security.",
        "label": "Antidilutive Securities [Axis]",
        "terseLabel": "Antidilutive Securities [Axis]"
       }
      }
     },
     "localname": "AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_AntidilutiveSecuritiesNameDomain": {
     "auth_ref": [
      "r160"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Incremental common shares attributable to securities that were not included in diluted earnings per share (EPS) because to do so would increase EPS amounts or decrease loss per share amounts for the period presented.",
        "label": "Antidilutive Securities, Name [Domain]",
        "terseLabel": "Antidilutive Securities, Name [Domain]"
       }
      }
     },
     "localname": "AntidilutiveSecuritiesNameDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_AssetBackedSecuritiesMember": {
     "auth_ref": [
      "r237",
      "r341"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Securities that are primarily serviced by the cash flows of a discrete pool of receivables or other financial assets for example, but not limited to, credit card receivables, car loans, recreational vehicle loans, and mobile home loans.",
        "label": "Asset-backed Securities [Member]",
        "netLabel": "ABS Issued",
        "terseLabel": "Asset-backed securities issued"
       }
      }
     },
     "localname": "AssetBackedSecuritiesMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_Assets": {
     "auth_ref": [
      "r123",
      "r189",
      "r196",
      "r203",
      "r251",
      "r405",
      "r410",
      "r474",
      "r568",
      "r609"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      },
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.",
        "label": "Assets",
        "terseLabel": "Assets",
        "totalLabel": "Total Assets"
       }
      }
     },
     "localname": "Assets",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AssetsAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Assets [Abstract]",
        "terseLabel": "ASSETS"
       }
      }
     },
     "localname": "AssetsAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_AssetsFairValueDisclosureAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Assets, Fair Value Disclosure [Abstract]",
        "terseLabel": "Assets",
        "verboseLabel": "On-balance sheet assets, at fair value:"
       }
      }
     },
     "localname": "AssetsFairValueDisclosureAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_AssetsNet": {
     "auth_ref": [
      "r2",
      "r652",
      "r654",
      "r657",
      "r658"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of net assets (liabilities).",
        "label": "Net Assets",
        "terseLabel": "Estimated fair value of investments"
       }
      }
     },
     "localname": "AssetsNet",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain": {
     "auth_ref": [
      "r128",
      "r528"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Maturity period remaining for repurchase agreements and similar transactions, for example, but not limited to, securities lending arrangements. Element name and standard label in Maturity [numeric lower end] to [numeric higher end] [date measure] [Member] or Maturity Greater Than [low end numeric value] [date measure] [Member] or Maturity Less Than [high end numeric value] [date measure] [Member] formats.",
        "label": "Repurchase Agreements and Similar Transactions, Maturity Periods [Domain]",
        "terseLabel": "Repurchase Agreements and Similar Transactions, Maturity Periods [Domain]"
       }
      }
     },
     "localname": "AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis": {
     "auth_ref": [
      "r128",
      "r528"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by maturity period remaining for repurchase agreements and similar transactions, for example, but not limited to, securities lending arrangements. Element name and standard label in Maturity [numeric lower end] to [numeric higher end] [date measure] [Member] or Maturity Greater Than [low end numeric value] [date measure] [Member] or Maturity Less Than [high end numeric value] [date measure] [Member] formats.",
        "label": "Repurchase Agreements and Similar Transactions, Maturity Periods [Axis]",
        "terseLabel": "Repurchase Agreements and Similar Transactions, Maturity Periods [Axis]"
       }
      }
     },
     "localname": "AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1": {
     "auth_ref": [
      "r517"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Weighted average life of securitized assets regardless of when the transfer occurred, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.",
        "label": "Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Weighted Average Life",
        "terseLabel": "Expected life (in years)"
       }
      }
     },
     "localname": "AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife1",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate": {
     "auth_ref": [
      "r508"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Discount rate which is used to value residual cash flows generated by financial assets of the securitization, asset-backed financing arrangement, or similar transfer for initial fair value measurement.",
        "label": "Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities, Discount Rate",
        "terseLabel": "Discount rates"
       }
      }
     },
     "localname": "AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses": {
     "auth_ref": [
      "r510"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Rate at which principal will not be repaid on securitized financial assets, including for example, but not limited to, expected static pool losses for initial fair value measurement.",
        "label": "Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities, Expected Credit Losses",
        "terseLabel": "Credit loss assumptions"
       }
      }
     },
     "localname": "AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesExpectedCreditLosses",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities [Line Items]",
        "terseLabel": "Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities [Line Items]"
       }
      }
     },
     "localname": "AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed": {
     "auth_ref": [
      "r509"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Estimated rate of prepayment of principal on financial assets for initial fair value measurement.",
        "label": "Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities, Prepayment Speed",
        "terseLabel": "Prepayment rates"
       }
      }
     },
     "localname": "AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable": {
     "auth_ref": [
      "r501",
      "r502",
      "r504",
      "r505",
      "r506",
      "r508",
      "r509",
      "r510",
      "r516",
      "r517",
      "r518"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information related to the key inputs and assumptions used in measuring the fair value of assets obtained or liabilities incurred, as the result of a sale of financial assets, relating to the transferor's continuing involvement, if any, at the time of securitization, asset-backed financing arrangement, or similar transfer (including at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses, including expected static pool losses).",
        "label": "Schedule of Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities [Table]",
        "terseLabel": "Schedule of Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities [Table]"
       }
      }
     },
     "localname": "AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax": {
     "auth_ref": [
      "r231"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, before tax, of unrealized gain in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).",
        "label": "Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax",
        "terseLabel": "Gross unrealized gains"
       }
      }
     },
     "localname": "AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax": {
     "auth_ref": [
      "r232"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, before tax, of unrealized loss in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).",
        "label": "Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax",
        "negatedLabel": "Gross unrealized losses",
        "terseLabel": "Gross unrealized losses"
       }
      }
     },
     "localname": "AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis": {
     "auth_ref": [
      "r228",
      "r270"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).",
        "label": "Debt Securities, Available-for-sale, Amortized Cost",
        "totalLabel": "Amortized cost"
       }
      }
     },
     "localname": "AvailableForSaleDebtSecuritiesAmortizedCostBasis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost": {
     "auth_ref": [
      "r235"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing in sixth through tenth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10",
        "terseLabel": "Marketable securities, due from five to ten years"
       }
      }
     },
     "localname": "AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost": {
     "auth_ref": [
      "r234"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing in second through fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five",
        "terseLabel": "AFS securities, contractual maturities, less than five years"
       }
      }
     },
     "localname": "AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AvailableForSaleSecuritiesDebtSecurities": {
     "auth_ref": [
      "r223",
      "r229",
      "r270",
      "r574"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount",
       "weight": -1.0
      },
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_MarketableSecurities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).",
        "label": "Debt Securities, Available-for-sale",
        "netLabel": "Carrying Value",
        "terseLabel": "Available-for-sale",
        "verboseLabel": "Subordinate securities, classified as AFS"
       }
      }
     },
     "localname": "AvailableForSaleSecuritiesDebtSecurities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AvailableforsaleSecuritiesMember": {
     "auth_ref": [
      "r244"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).",
        "label": "Available-for-sale Securities [Member]",
        "terseLabel": "AFS securities retained, at fair value",
        "verboseLabel": "AFS Securities"
       }
      }
     },
     "localname": "AvailableforsaleSecuritiesMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_AwardTypeAxis": {
     "auth_ref": [
      "r357",
      "r367"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of award under share-based payment arrangement.",
        "label": "Award Type [Axis]",
        "terseLabel": "Award Type [Axis]"
       }
      }
     },
     "localname": "AwardTypeAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_BasisOfAccountingPolicyPolicyTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).",
        "label": "Basis of Accounting, Policy [Policy Text Block]",
        "terseLabel": "Basis of Presentation"
       }
      }
     },
     "localname": "BasisOfAccountingPolicyPolicyTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_BridgeLoanMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Financing which is expected to be replaced by a medium to long-term loan. The loan \"bridges\" the gap in time when otherwise no financing would be in place.",
        "label": "Bridge Loan [Member]",
        "terseLabel": "Bridge Loan"
       }
      }
     },
     "localname": "BridgeLoanMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_BusinessAcquisitionAcquireeDomain": {
     "auth_ref": [
      "r350",
      "r352"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Identification of the acquiree in a material business combination (or series of individually immaterial business combinations), which may include the name or other type of identification of the acquiree.",
        "label": "Business Acquisition, Acquiree [Domain]",
        "terseLabel": "Business Acquisition, Acquiree [Domain]"
       }
      }
     },
     "localname": "BusinessAcquisitionAcquireeDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails",
      "http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_BusinessAcquisitionAxis": {
     "auth_ref": [
      "r350",
      "r352",
      "r392",
      "r393"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by business combination or series of individually immaterial business combinations.",
        "label": "Business Acquisition [Axis]",
        "terseLabel": "Business Acquisition [Axis]"
       }
      }
     },
     "localname": "BusinessAcquisitionAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails",
      "http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued": {
     "auth_ref": [
      "r401"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of shares of equity interests issued or issuable to acquire entity.",
        "label": "Business Acquisition, Equity Interest Issued or Issuable, Number of Shares",
        "terseLabel": "Restricted stock awards (in shares)"
       }
      }
     },
     "localname": "BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_BusinessAcquisitionLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Business Acquisition [Line Items]",
        "terseLabel": "Business Acquisition [Line Items]"
       }
      }
     },
     "localname": "BusinessAcquisitionLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable": {
     "auth_ref": [
      "r399",
      "r400"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of equity interests of the acquirer, including instruments or interests issued or issuable in consideration for the business combination.",
        "label": "Business Combination, Consideration Transferred, Equity Interests Issued and Issuable",
        "terseLabel": "Restricted stock awards"
       }
      }
     },
     "localname": "BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles": {
     "auth_ref": [
      "r394",
      "r395"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The amount of identifiable intangible assets recognized as of the acquisition date.",
        "label": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles",
        "terseLabel": "Intangible assets"
       }
      }
     },
     "localname": "BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CallOptionMember": {
     "auth_ref": [
      "r675",
      "r676",
      "r677",
      "r678",
      "r679",
      "r680"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Financial contract between two parties, the buyer and the seller of the option, where the buyer has the right but not the obligation to buy an agreed quantity of a particular commodity or financial instrument (the underlying instrument) from the seller of the option for a certain price (the strike price). Seller is obligated to sell the asset to the buyer, if the buyer exercises the option.",
        "label": "Call Option [Member]",
        "terseLabel": "Calls"
       }
      }
     },
     "localname": "CallOptionMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_CarryingReportedAmountFairValueDisclosureMember": {
     "auth_ref": [
      "r471",
      "r472"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measured as reported on the statement of financial position (balance sheet).",
        "label": "Reported Value Measurement [Member]",
        "terseLabel": "Carrying Value"
       }
      }
     },
     "localname": "CarryingReportedAmountFairValueDisclosureMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_CashAndCashEquivalentsAtCarryingValue": {
     "auth_ref": [
      "r4",
      "r27",
      "r114"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 4.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.",
        "label": "Cash and Cash Equivalents, at Carrying Value",
        "terseLabel": "Cash and cash equivalents"
       }
      }
     },
     "localname": "CashAndCashEquivalentsAtCarryingValue",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWSPARENTHETICAL",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CashAndCashEquivalentsFairValueDisclosure": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.",
        "label": "Cash and Cash Equivalents, Fair Value Disclosure",
        "terseLabel": "Cash and cash equivalents"
       }
      }
     },
     "localname": "CashAndCashEquivalentsFairValueDisclosure",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents": {
     "auth_ref": [
      "r106",
      "r114",
      "r119"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.",
        "label": "Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents",
        "periodEndLabel": "Cash, cash equivalents, and restricted cash at end of period",
        "periodStartLabel": "Cash, cash equivalents and restricted cash at beginning of period"
       }
      }
     },
     "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect": {
     "auth_ref": [
      "r106",
      "r476"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.",
        "label": "Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect",
        "totalLabel": "Net (decrease) increase in cash, cash equivalents and restricted cash"
       }
      }
     },
     "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CashCollateralForBorrowedSecurities": {
     "auth_ref": [
      "r576",
      "r622"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying amount as of the balance sheet date of cash collateral held for borrowed securities, for which the cash is restricted as to withdrawal or usage.",
        "label": "Cash Collateral for Borrowed Securities",
        "terseLabel": "Cash"
       }
      }
     },
     "localname": "CashCollateralForBorrowedSecurities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths": {
     "auth_ref": [
      "r447"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months.",
        "label": "Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months",
        "terseLabel": "Cash flow hedge gain (loss) to be reclassified over the next 12 months"
       }
      }
     },
     "localname": "CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CashFlowHedgingMember": {
     "auth_ref": [
      "r427"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Hedge of the exposure to variability in the cash flows of a recognized asset or liability, or of a forecasted transaction, that is attributable to a particular risk.",
        "label": "Cash Flow Hedging [Member]",
        "terseLabel": "Cash Flow Hedging"
       }
      }
     },
     "localname": "CashFlowHedgingMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers": {
     "auth_ref": [
      "r511"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cash Flows between a transferor and a transferee attributable to newly transferred assets related to either a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets).",
        "label": "Cash Flows Between Transferor and Transferee, Proceeds from New Transfers",
        "terseLabel": "Proceeds from new transfers"
       }
      }
     },
     "localname": "CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances": {
     "auth_ref": [
      "r512"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cash flows between transferor and transferee in payment of service fees in advance, prior to or in contemplation of a securitization, asset-backed financing arrangement, or similar transfer in which the transferor will have continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets).",
        "label": "Cash Flows Between Transferor and Transferee, Servicing Fee Advances",
        "negatedLabel": "Funding of compensating interest, net"
       }
      }
     },
     "localname": "CashFlowsBetweenTransfereeAndTransferorServicingFeeAdvances",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees": {
     "auth_ref": [
      "r512"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cash Flows between a transferee and a transferor attributable to servicing fees related to a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets).",
        "label": "Cash Flows Between Transferor and Transferee, Servicing Fees",
        "terseLabel": "MSR fees received"
       }
      }
     },
     "localname": "CashFlowsBetweenTransfereeAndTransferorServicingFees",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cash flows between transferee and transferor in payment of the transferor's beneficial interest related to a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction.",
        "label": "Cash Flows Between Transferor and Transferee, Beneficial Interest",
        "terseLabel": "Cash flows received on retained securities"
       }
      }
     },
     "localname": "CashFlowsBetweenTransferorAndTransfereeBeneficialInterest",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ClassOfStockDomain": {
     "auth_ref": [
      "r121",
      "r123",
      "r149",
      "r150",
      "r153",
      "r157",
      "r159",
      "r164",
      "r165",
      "r166",
      "r251",
      "r474"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Share of stock differentiated by the voting rights the holder receives. Examples include, but are not limited to, common stock, redeemable preferred stock, nonredeemable preferred stock, and convertible stock.",
        "label": "Class of Stock [Domain]",
        "terseLabel": "Class of Stock [Domain]"
       }
      }
     },
     "localname": "ClassOfStockDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_CollateralAxis": {
     "auth_ref": [
      "r265"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by category of collateral or no collateral, from lender's perspective.",
        "label": "Collateral Held [Axis]",
        "terseLabel": "Collateral [Axis]"
       }
      }
     },
     "localname": "CollateralAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_CollateralDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Category of collateral or no collateral, from lender's perspective.",
        "label": "Collateral Held [Domain]",
        "terseLabel": "Collateral [Domain]"
       }
      }
     },
     "localname": "CollateralDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_CommercialRealEstateMember": {
     "auth_ref": [
      "r267",
      "r341"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Property that is solely used for business purposes.",
        "label": "Commercial Real Estate [Member]",
        "terseLabel": "Commercial Real Estate"
       }
      }
     },
     "localname": "CommercialRealEstateMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_CommitmentsAndContingencies": {
     "auth_ref": [
      "r39",
      "r310",
      "r582",
      "r621"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 3.0,
       "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.",
        "label": "Commitments and Contingencies",
        "terseLabel": "Commitments and Contingencies"
       }
      }
     },
     "localname": "CommitmentsAndContingencies",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CommitmentsAndContingenciesDisclosureAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Commitments and Contingencies Disclosure [Abstract]",
        "terseLabel": "Commitments and Contingencies Disclosure [Abstract]"
       }
      }
     },
     "localname": "CommitmentsAndContingenciesDisclosureAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_CommitmentsAndContingenciesDisclosureTextBlock": {
     "auth_ref": [
      "r307",
      "r308",
      "r309",
      "r317"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for commitments and contingencies.",
        "label": "Commitments and Contingencies Disclosure [Text Block]",
        "terseLabel": "Commitments and Contingencies"
       }
      }
     },
     "localname": "CommitmentsAndContingenciesDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingencies"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_CommonStockDividendsPerShareDeclared": {
     "auth_ref": [
      "r335"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Aggregate dividends declared during the period for each share of common stock outstanding.",
        "label": "Common Stock, Dividends, Per Share, Declared",
        "terseLabel": "Common dividends declared (in dollars per share)"
       }
      }
     },
     "localname": "CommonStockDividendsPerShareDeclared",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITYParenthetical"
     ],
     "xbrltype": "perShareItemType"
    },
    "us-gaap_CommonStockMember": {
     "auth_ref": [
      "r131",
      "r132"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stock that is subordinate to all other stock of the issuer.",
        "label": "Common Stock [Member]",
        "terseLabel": "Common Stock"
       }
      }
     },
     "localname": "CommonStockMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY",
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_CommonStockParOrStatedValuePerShare": {
     "auth_ref": [
      "r18"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Face amount or stated value per share of common stock.",
        "label": "Common Stock, Par or Stated Value Per Share",
        "terseLabel": "Common stock, par value (usd per share)"
       }
      }
     },
     "localname": "CommonStockParOrStatedValuePerShare",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL"
     ],
     "xbrltype": "perShareItemType"
    },
    "us-gaap_CommonStockSharesAuthorized": {
     "auth_ref": [
      "r18"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The maximum number of common shares permitted to be issued by an entity's charter and bylaws.",
        "label": "Common Stock, Shares Authorized",
        "terseLabel": "Common stock, shares authorized (shares)"
       }
      }
     },
     "localname": "CommonStockSharesAuthorized",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_CommonStockSharesIssued": {
     "auth_ref": [
      "r18"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.",
        "label": "Common Stock, Shares, Issued",
        "terseLabel": "Common stock, issued (shares)"
       }
      }
     },
     "localname": "CommonStockSharesIssued",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_CommonStockSharesOutstanding": {
     "auth_ref": [
      "r18",
      "r330"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.",
        "label": "Common Stock, Shares, Outstanding",
        "terseLabel": "Common stock, outstanding (shares)"
       }
      }
     },
     "localname": "CommonStockSharesOutstanding",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_CommonStockValue": {
     "auth_ref": [
      "r18"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 1.0,
       "parentTag": "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.",
        "label": "Common Stock, Value, Issued",
        "terseLabel": "Common stock, par value $0.01 per share, 395,000,000 shares authorized; 112,998,732 and 112,090,006 issued and outstanding"
       }
      }
     },
     "localname": "CommonStockValue",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CommunicationsAndInformationTechnology": {
     "auth_ref": [
      "r82"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 5.0,
       "parentTag": "us-gaap_GeneralAndAdministrativeExpense",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The amount of expense in the period for communications and data processing expense.",
        "label": "Communications and Information Technology",
        "terseLabel": "Systems and consulting"
       }
      }
     },
     "localname": "CommunicationsAndInformationTechnology",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest": {
     "auth_ref": [
      "r68",
      "r70",
      "r76",
      "r404",
      "r421",
      "r588",
      "r629"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.",
        "label": "Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest",
        "totalLabel": "Total Comprehensive Income (Loss)"
       }
      }
     },
     "localname": "ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ConsolidationPolicyTextBlock": {
     "auth_ref": [
      "r120",
      "r407"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting.  The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.",
        "label": "Consolidation, Policy [Policy Text Block]",
        "terseLabel": "Principles of Consolidation"
       }
      }
     },
     "localname": "ConsolidationPolicyTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ConvertibleDebtFairValueDisclosures": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value portion of borrowing which can be exchanged for a specified number of another security at the option of the issuer or the holder, for example, but not limited to, the entity's common stock.",
        "label": "Convertible Debt, Fair Value Disclosures",
        "terseLabel": "Convertible notes, net"
       }
      }
     },
     "localname": "ConvertibleDebtFairValueDisclosures",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ConvertibleDebtMember": {
     "auth_ref": [
      "r324"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Borrowing which can be exchanged for a specified number of another security at the option of the issuer or the holder, for example, but not limited to, the entity's common stock.",
        "label": "Convertible Debt [Member]",
        "terseLabel": "Convertible notes"
       }
      }
     },
     "localname": "ConvertibleDebtMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_ConvertibleDebtSecuritiesMember": {
     "auth_ref": [
      "r341"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt securities that can be exchanged for equity of the debt issuer at the option of the issuer or the holder.",
        "label": "Convertible Debt Securities [Member]",
        "terseLabel": "Convertible Debt Securities"
       }
      }
     },
     "localname": "ConvertibleDebtSecuritiesMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_CorporateNonSegmentMember": {
     "auth_ref": [
      "r194",
      "r195",
      "r196",
      "r197",
      "r199",
      "r205",
      "r207"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Corporate headquarters or functional department that may not earn revenues or may earn revenues that are only incidental to the activities of the entity and is not considered an operating segment.",
        "label": "Corporate, Non-Segment [Member]",
        "terseLabel": "Corporate/ Other"
       }
      }
     },
     "localname": "CorporateNonSegmentMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_CumulativeDividends": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 5.0,
       "parentTag": "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cumulative cash dividends distributed to shareholders.",
        "label": "Cumulative Dividends",
        "negatedLabel": "Cumulative distributions to stockholders"
       }
      }
     },
     "localname": "CumulativeDividends",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtDisclosureAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Debt Disclosure [Abstract]",
        "terseLabel": "Debt Disclosure [Abstract]"
       }
      }
     },
     "localname": "DebtDisclosureAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_DebtInstrumentAxis": {
     "auth_ref": [
      "r12",
      "r13",
      "r14",
      "r569",
      "r572",
      "r607"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of debt instrument, including, but not limited to, draws against credit facilities.",
        "label": "Debt Instrument [Axis]",
        "terseLabel": "Debt Instrument [Axis]"
       }
      }
     },
     "localname": "DebtInstrumentAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DebtInstrumentBasisSpreadOnVariableRate1": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Percentage points added to the reference rate to compute the variable rate on the debt instrument.",
        "label": "Debt Instrument, Basis Spread on Variable Rate",
        "terseLabel": "Basis spread on variable rate"
       }
      }
     },
     "localname": "DebtInstrumentBasisSpreadOnVariableRate1",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_DebtInstrumentCarryingAmount": {
     "auth_ref": [
      "r14",
      "r325",
      "r572",
      "r607"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_LongTermDebt",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.",
        "label": "Long-term Debt, Gross",
        "terseLabel": "Borrowings",
        "verboseLabel": "Certificates"
       }
      }
     },
     "localname": "DebtInstrumentCarryingAmount",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtInstrumentCollateralAmount": {
     "auth_ref": [
      "r605"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of assets pledged to secure a debt instrument.",
        "label": "Debt Instrument, Collateral Amount",
        "terseLabel": "Collateral amounts"
       }
      }
     },
     "localname": "DebtInstrumentCollateralAmount",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtInstrumentFaceAmount": {
     "auth_ref": [
      "r486",
      "r488"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Face (par) amount of debt instrument at time of issuance.",
        "label": "Debt Instrument, Face Amount",
        "terseLabel": "Debt instrument, face amount"
       }
      }
     },
     "localname": "DebtInstrumentFaceAmount",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtInstrumentFairValue": {
     "auth_ref": [
      "r470"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.",
        "label": "Debt Instrument, Fair Value Disclosure",
        "terseLabel": "ABS issued, net, Fair value",
        "verboseLabel": "ABS issued"
       }
      }
     },
     "localname": "DebtInstrumentFairValue",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtInstrumentInterestRateStatedPercentage": {
     "auth_ref": [
      "r37"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Contractual interest rate for funds borrowed, under the debt agreement.",
        "label": "Debt Instrument, Interest Rate, Stated Percentage",
        "terseLabel": "Debt Instrument interest rate",
        "verboseLabel": "Weighted Average Interest Rate (as a percent)"
       }
      }
     },
     "localname": "DebtInstrumentInterestRateStatedPercentage",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_DebtInstrumentLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Debt Instrument [Line Items]",
        "terseLabel": "Debt Instrument [Line Items]"
       }
      }
     },
     "localname": "DebtInstrumentLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DebtInstrumentNameDomain": {
     "auth_ref": [
      "r38"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The name for the particular debt instrument or borrowing that distinguishes it from other debt instruments or borrowings, including draws against credit facilities.",
        "label": "Debt Instrument, Name [Domain]",
        "terseLabel": "Debt Instrument, Name [Domain]"
       }
      }
     },
     "localname": "DebtInstrumentNameDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_DebtInstrumentTable": {
     "auth_ref": [
      "r38",
      "r125",
      "r331",
      "r332",
      "r333",
      "r334",
      "r485",
      "r486",
      "r488",
      "r606"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A table or schedule providing information pertaining to long-term debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the company, if longer.",
        "label": "Schedule of Long-term Debt Instruments [Table]",
        "terseLabel": "Schedule of Long-term Debt Instruments [Table]"
       }
      }
     },
     "localname": "DebtInstrumentTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DebtInstrumentUnamortizedDiscount": {
     "auth_ref": [
      "r485",
      "r488"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, after accumulated amortization, of debt discount.",
        "label": "Debt Instrument, Unamortized Discount",
        "terseLabel": "Unamortized debt discount"
       }
      }
     },
     "localname": "DebtInstrumentUnamortizedDiscount",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet": {
     "auth_ref": [
      "r326",
      "r487"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_LongTermDebt",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of unamortized debt discount (premium) and debt issuance costs.",
        "label": "Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net",
        "negatedTerseLabel": "Unamortized Deferred Issuance Costs / Discount"
       }
      }
     },
     "localname": "DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss": {
     "auth_ref": [
      "r230",
      "r270",
      "r277",
      "r285"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).",
        "label": "Debt Securities, Available-for-sale, Allowance for Credit Loss",
        "negatedTerseLabel": "CECL allowance",
        "periodEndLabel": "Ending Balance",
        "periodStartLabel": "Beginning balance",
        "terseLabel": "CECL credit allowance"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleAllowanceForCreditLoss",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded": {
     "auth_ref": [
      "r278"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of expense for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), for which no credit loss was previously recorded.",
        "label": "Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded",
        "terseLabel": "Additions to allowance for credit losses on securities for which credit losses were not previously recorded"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal": {
     "auth_ref": [
      "r282"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of expense (reversal of expense) for allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), not intended to be sold and not more likely than not will be required to sell before recovery of amortized cost basis, with previously recorded allowance.",
        "label": "Debt Securities, Available-for-sale, Allowance for Credit Loss, Not to Sell before Recovery, Credit Loss, Previously Recorded, Expense (Reversal)",
        "terseLabel": "Additional increases (decreases) to the allowance for credit losses on securities that had an allowance recorded in a previous period"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease": {
     "auth_ref": [
      "r279"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of increase in allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) and beneficial interest, purchased with credit deterioration.",
        "label": "Debt Securities, Available-for-sale, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase",
        "terseLabel": "Allowance on purchased financial assets with credit deterioration"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery": {
     "auth_ref": [
      "r284"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of increase in allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), from recovery.",
        "label": "Debt Securities, Available-for-sale, Allowance for Credit Loss, Recovery",
        "negatedLabel": "Recoveries of amounts previously written off"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.",
        "label": "Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]",
        "terseLabel": "Credit Reserve",
        "verboseLabel": "Rollforward of Allowance for Credit Losses"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleAllowanceForCreditLossRollForward",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold": {
     "auth_ref": [
      "r280"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of decrease in allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) from sale.",
        "label": "Debt Securities, Available-for-sale, Allowance for Credit Loss, Securities Sold",
        "negatedTerseLabel": "Sales, calls, other",
        "terseLabel": "Reduction to allowance for securities sold during the period"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery": {
     "auth_ref": [
      "r281"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of decrease in allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) from intent to sell or more likely than not will be required to sell before recovery of amortized cost basis.",
        "label": "Debt Securities, Available-for-sale, Allowance for Credit Loss, Sell before Recovery",
        "terseLabel": "Reduction to allowance for securities we intend to sell or more likely than not will be required to sell"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock": {
     "auth_ref": [
      "r286"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).",
        "label": "Debt Securities, Available-for-sale, Allowance for Credit Loss [Table Text Block]",
        "terseLabel": "Activity of Allowance for Credit Losses for Available-for-sale Securities"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff": {
     "auth_ref": [
      "r283"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of writeoff of allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).",
        "label": "Debt Securities, Available-for-sale, Allowance for Credit Loss, Writeoff",
        "terseLabel": "Write-offs charged against allowance"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesActivityofAllowanceforCreditLossesforAvailableforsaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal": {
     "auth_ref": [
      "r271",
      "r276"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of expense (reversal of expense) for expected credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), from change in present value of expected cash flows.",
        "label": "Debt Securities, Available-for-sale, Change in Present Value, Expense (Reversal)",
        "terseLabel": "Transfers to (release of) credit reserves, net"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger": {
     "auth_ref": [
      "r242",
      "r274",
      "r287"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails": {
       "order": 2.0,
       "parentTag": "rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in continuous unrealized loss position for more than 12 months, without allowance for credit loss. Includes beneficial interest in securitized financial asset.",
        "label": "Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer",
        "terseLabel": "12 Consecutive Months or Longer, Fair Value"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss": {
     "auth_ref": [
      "r242",
      "r274"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails": {
       "order": 1.0,
       "parentTag": "rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of accumulated unrealized loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in continuous unrealized loss position for 12 months or longer, without allowance for credit loss. Includes beneficial interest in securitized financial asset.",
        "label": "Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss",
        "negatedLabel": "12 Consecutive Months or Longer, Unrealized Losses"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months": {
     "auth_ref": [
      "r242",
      "r274",
      "r287"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails": {
       "order": 2.0,
       "parentTag": "rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in continuous unrealized loss position for less than 12 months, without allowance for credit loss. Includes beneficial interest in securitized financial asset.",
        "label": "Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months",
        "terseLabel": "Less Than 12 Consecutive Months, Fair Value"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss": {
     "auth_ref": [
      "r242",
      "r274"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails": {
       "order": 1.0,
       "parentTag": "rwt_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of accumulated unrealized loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in continuous unrealized loss position for less than 12 months, without allowance for credit loss. Includes beneficial interest in securitized financial asset.",
        "label": "Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss",
        "negatedLabel": "Less Than 12 Consecutive Months, Unrealized Losses"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleRealizedGain": {
     "auth_ref": [
      "r245"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails": {
       "order": 2.0,
       "parentTag": "rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of realized gain on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).",
        "label": "Debt Securities, Available-for-sale, Realized Gain",
        "terseLabel": "Net realized gains recorded",
        "verboseLabel": "Gross realized gains"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleRealizedGain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss": {
     "auth_ref": [
      "r245"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails": {
       "order": 1.0,
       "parentTag": "rwt_AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of realized loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).",
        "label": "Debt Securities, Available-for-sale, Realized Loss",
        "negatedLabel": "Gross realized losses - sales"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleRealizedLoss",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleRestricted": {
     "auth_ref": [
      "r524"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of restricted investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).",
        "label": "Debt Securities, Available-for-sale, Restricted",
        "terseLabel": "Available-for-sale securities pledged as collateral"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleRestricted",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock": {
     "auth_ref": [
      "r248"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).",
        "label": "Debt Securities, Available-for-sale [Table Text Block]",
        "terseLabel": "Available-for-Sale Securities by Collateral Type"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock": {
     "auth_ref": [
      "r239",
      "r273",
      "r287"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.",
        "label": "Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value [Table Text Block]",
        "terseLabel": "Components of Fair Value of Available for Sale Securities by Holding Periods"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions": {
     "auth_ref": [
      "r240",
      "r272"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of investments in debt securities measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.",
        "label": "Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions",
        "terseLabel": "Number of securities in unrealized loss position"
       }
      }
     },
     "localname": "DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "us-gaap_DebtSecuritiesTradingRestricted": {
     "auth_ref": [
      "r524"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of restricted investment in debt security measured at fair value with change in fair value recognized in net income (trading).",
        "label": "Debt Securities, Trading, Restricted",
        "terseLabel": "Trading securities pledged as collateral"
       }
      }
     },
     "localname": "DebtSecuritiesTradingRestricted",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtWeightedAverageInterestRate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Weighted average interest rate of debt outstanding.",
        "label": "Debt, Weighted Average Interest Rate",
        "terseLabel": "Range of weighted average interest rates, by series"
       }
      }
     },
     "localname": "DebtWeightedAverageInterestRate",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain": {
     "auth_ref": [
      "r338",
      "r339"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Deferred compensation that is not equivalent to a defined benefit pension plan or a defined benefit other postretirement benefit plan. Includes, but is not limited to, employment contracts with one or more selected officers or key employees. Excludes equity-based compensation plans, defined benefit pension plans and defined benefit other postretirement benefit plans.",
        "label": "Deferred Bonus and Profit Sharing Arrangement, Individual Contract, Type of Deferred Compensation [Domain]",
        "terseLabel": "Deferred Bonus and Profit Sharing Arrangement, Individual Contract, Type of Deferred Compensation [Domain]"
       }
      }
     },
     "localname": "DeferredBonusAndProfitSharingArrangementIndividualContractTypeOfDeferredCompensationDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis": {
     "auth_ref": [
      "r338",
      "r339"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of deferred compensation that is not equivalent to a defined benefit pension plan or a defined benefit other postretirement benefit plan. Includes, but is not limited to, employment contracts with one or more selected officers or key employees. Excludes equity-based compensation plans, defined benefit pension plans and defined benefit other postretirement benefit plans.",
        "label": "Deferred Bonus and Profit Sharing Arrangements, Individual Contracts, Type of Deferred Compensation [Axis]",
        "terseLabel": "Deferred Bonus and Profit Sharing Arrangements, Individual Contracts, Type of Deferred Compensation [Axis]"
       }
      }
     },
     "localname": "DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]",
        "terseLabel": "Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]"
       }
      }
     },
     "localname": "DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_DepreciationAndAmortization": {
     "auth_ref": [
      "r112",
      "r299"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 3.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.",
        "label": "Depreciation, Depletion and Amortization, Nonproduction",
        "terseLabel": "Depreciation and amortization of non-financial assets"
       }
      }
     },
     "localname": "DepreciationAndAmortization",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod": {
     "auth_ref": [
      "r520"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This is the amount of the financial instruments that are considered delinquent (past due) at the end of the period.",
        "label": "Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together, Delinquent Amount at End of Period",
        "terseLabel": "Principal balance of loans 30+ days delinquent"
       }
      }
     },
     "localname": "DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding": {
     "auth_ref": [
      "r514"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of transferred financial assets in which the transferor has continuing involvement with the assets underlying the transaction that have been derecognized. Continuing involvement includes, but is not limited to, servicing, recourse, and restrictions on transferor's interests in transferred financial assets.",
        "label": "Continuing Involvement with Derecognized Transferred Financial Assets, Amount Outstanding",
        "terseLabel": "Principal balance of loans outstanding"
       }
      }
     },
     "localname": "DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeAssetFairValueGrossLiability": {
     "auth_ref": [
      "r47",
      "r54",
      "r432"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_DerivativeAssets",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value of liability associated with financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset.",
        "label": "Derivative Asset, Fair Value, Gross Liability",
        "negatedTerseLabel": "Gross Amounts Offset in Consolidated Balance Sheet"
       }
      }
     },
     "localname": "DerivativeAssetFairValueGrossLiability",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection": {
     "auth_ref": [
      "r50",
      "r52"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value, after effects of master netting arrangements, deduction of assets not subject to a master netting arrangement and elected not to be offset, of financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, offset against an obligation to return collateral.",
        "label": "Derivative Asset, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election",
        "totalLabel": "Net Amount"
       }
      }
     },
     "localname": "DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeAssets": {
     "auth_ref": [
      "r48",
      "r51",
      "r470"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 7.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.",
        "label": "Derivative Asset",
        "terseLabel": "Derivative assets",
        "totalLabel": "Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet"
       }
      }
     },
     "localname": "DerivativeAssets",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeAssetsAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Derivative Asset [Abstract]",
        "terseLabel": "Assets"
       }
      }
     },
     "localname": "DerivativeAssetsAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DerivativeCollateralObligationToReturnCash": {
     "auth_ref": [
      "r49",
      "r52",
      "r444"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of obligation to return cash collateral under master netting arrangements that have not been offset against derivative assets.",
        "label": "Derivative, Collateral, Obligation to Return Cash",
        "negatedLabel": "Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged"
       }
      }
     },
     "localname": "DerivativeCollateralObligationToReturnCash",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeCollateralObligationToReturnSecurities": {
     "auth_ref": [
      "r49",
      "r52"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of obligation to return securities collateral under master netting arrangements that have not been offset against derivative assets.",
        "label": "Derivative, Collateral, Obligation to Return Securities",
        "negatedLabel": "Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments"
       }
      }
     },
     "localname": "DerivativeCollateralObligationToReturnSecurities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeCollateralRightToReclaimCash": {
     "auth_ref": [
      "r49",
      "r52",
      "r444"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of right to receive cash collateral under master netting arrangements that have not been offset against derivative liabilities.",
        "label": "Derivative, Collateral, Right to Reclaim Cash",
        "terseLabel": "Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged"
       }
      }
     },
     "localname": "DerivativeCollateralRightToReclaimCash",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeCollateralRightToReclaimSecurities": {
     "auth_ref": [
      "r49",
      "r52"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of right to receive securities collateral under master netting arrangements that have not been offset against derivative liabilities.",
        "label": "Derivative, Collateral, Right to Reclaim Securities",
        "terseLabel": "Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments"
       }
      }
     },
     "localname": "DerivativeCollateralRightToReclaimSecurities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeContractTypeDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Financial instrument or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset.",
        "label": "Derivative Contract [Domain]",
        "terseLabel": "Derivative Contract [Domain]"
       }
      }
     },
     "localname": "DerivativeContractTypeDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_DerivativeCostOfHedge": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The premium (cost) of a hedge, expensed during the period.",
        "label": "Derivative, Cost of Hedge",
        "terseLabel": "Derivative, cost of hedge"
       }
      }
     },
     "localname": "DerivativeCostOfHedge",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeFairValueOfDerivativeAsset": {
     "auth_ref": [
      "r46",
      "r53",
      "r432",
      "r522"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_DerivativeAssets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement.",
        "label": "Derivative Asset, Fair Value, Gross Asset",
        "terseLabel": "Gross Amounts of Recognized Assets (Liabilities)"
       }
      }
     },
     "localname": "DerivativeFairValueOfDerivativeAsset",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeFairValueOfDerivativeLiability": {
     "auth_ref": [
      "r46",
      "r53",
      "r432",
      "r522"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement.",
        "label": "Derivative Liability, Fair Value, Gross Liability",
        "negatedLabel": "Gross Amounts of Recognized Assets (Liabilities)"
       }
      }
     },
     "localname": "DerivativeFairValueOfDerivativeLiability",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeFairValueOfDerivativeNet": {
     "auth_ref": [
      "r470"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value of the assets less the liabilities of a derivative or group of derivatives.",
        "label": "Derivative, Fair Value, Net",
        "terseLabel": "Fair Value"
       }
      }
     },
     "localname": "DerivativeFairValueOfDerivativeNet",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeFinancialInstrumentsAssetsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This element represents types of derivative financial instruments which are financial instruments or other contractual arrangements with all three of the following characteristics: (a) it has (1) one or more underlyings and (2) one or more notional amounts or payment provisions or both. Those terms determine the amount of the settlement or settlements, and, in some cases, whether or not a settlement is required; (b) it requires no initial net investment or an initial net investment that is smaller than would be required for other types of contracts that would be expected to have a similar response to changes in market factors; and (c) its terms require or permit net settlement, it can readily be settled net by a means outside the contract, or it provides for delivery of an asset that puts the recipient in a position not substantially different from net settlement. Notwithstanding the above characteristics, loan commitments that relate to the origination of mortgage loans that will be held for sale are accounted for as derivative instruments by the issuer of the loan commitment (that is, the potential lender).",
        "label": "Derivative Financial Instruments, Assets [Member]",
        "terseLabel": "Derivative Assets",
        "verboseLabel": "Derivatives"
       }
      }
     },
     "localname": "DerivativeFinancialInstrumentsAssetsMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This item represents derivative instrument obligations meeting the definition of a liability which are reported as of the balance sheet date. Derivative instrument obligations are generally measured at fair value, and adjustments to the carrying amount of hedged items reflect changes in their fair value (that is, losses) that are attributable to the risk being hedged and that arise while the hedge is in effect.",
        "label": "Derivative Financial Instruments, Liabilities [Member]",
        "terseLabel": "Derivative Liabilities"
       }
      }
     },
     "localname": "DerivativeFinancialInstrumentsLiabilitiesMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_DerivativeGainLossOnDerivativeNet": {
     "auth_ref": [
      "r431"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of increase (decrease) in the fair value of derivatives recognized in the income statement.",
        "label": "Derivative, Gain (Loss) on Derivative, Net",
        "terseLabel": "Derivative gain (loss)"
       }
      }
     },
     "localname": "DerivativeGainLossOnDerivativeNet",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeInstrumentRiskAxis": {
     "auth_ref": [
      "r430",
      "r433",
      "r436",
      "r440"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of derivative contract.",
        "label": "Derivative Instrument [Axis]",
        "terseLabel": "Derivative Instrument [Axis]"
       }
      }
     },
     "localname": "DerivativeInstrumentRiskAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Derivative Instruments and Hedging Activities Disclosure [Abstract]",
        "terseLabel": "Derivative Instruments and Hedging Activities Disclosure [Abstract]"
       }
      }
     },
     "localname": "DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock": {
     "auth_ref": [
      "r452"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.",
        "label": "Derivative Instruments and Hedging Activities Disclosure [Text Block]",
        "terseLabel": "Derivative Financial Instruments"
       }
      }
     },
     "localname": "DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstruments"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis": {
     "auth_ref": [
      "r428",
      "r430",
      "r436"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of hedging relationship.",
        "label": "Hedging Relationship [Axis]",
        "terseLabel": "Hedging Relationship [Axis]"
       }
      }
     },
     "localname": "DerivativeInstrumentsGainLossByHedgingRelationshipAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DerivativeLiabilities": {
     "auth_ref": [
      "r48",
      "r51",
      "r470"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 2.0,
       "parentTag": "us-gaap_Liabilities",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails_1": {
       "order": 1.0,
       "parentTag": "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.",
        "label": "Derivative Liability",
        "negatedTotalLabel": "Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet",
        "terseLabel": "Derivative liabilities"
       }
      }
     },
     "localname": "DerivativeLiabilities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeLiabilitiesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Derivative Liability [Abstract]",
        "terseLabel": "Liabilities"
       }
      }
     },
     "localname": "DerivativeLiabilitiesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DerivativeLiabilityFairValueGrossAsset": {
     "auth_ref": [
      "r47",
      "r54",
      "r432"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_DerivativeLiabilities",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value of asset associated with financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset.",
        "label": "Derivative Liability, Fair Value, Gross Asset",
        "terseLabel": "Gross Amounts Offset in Consolidated Balance Sheet"
       }
      }
     },
     "localname": "DerivativeLiabilityFairValueGrossAsset",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection": {
     "auth_ref": [
      "r50",
      "r52"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value, after effects of master netting arrangements, deduction of liabilities not subject to a master netting arrangement and elected not to be offset, of financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, offset against the right to receive collateral.",
        "label": "Derivative Liability, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election",
        "negatedTotalLabel": "Net Amount"
       }
      }
     },
     "localname": "DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeLiabilityMeasurementInput": {
     "auth_ref": [
      "r458"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Value of input used to measure derivative liability.",
        "label": "Derivative Liability, Measurement Input",
        "terseLabel": "Loan purchase commitments, measurement input"
       }
      }
     },
     "localname": "DerivativeLiabilityMeasurementInput",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "decimalItemType"
    },
    "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned": {
     "auth_ref": [
      "r48",
      "r51"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      },
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails_1": {
       "order": 1.0,
       "parentTag": "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, after the effects of master netting arrangements, of derivative liabilities, securities sold under agreements to repurchase and securities loaned. Includes liabilities not subject to a master netting arrangement and not elected to be offset.",
        "label": "Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned",
        "negatedTotalLabel": "Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet"
       }
      }
     },
     "localname": "DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral": {
     "auth_ref": [
      "r50",
      "r52"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      },
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails_1": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, after effects of master netting arrangements, of derivative liabilities, securities sold under agreements to repurchase and securities loaned offset against a right to receive collateral. Includes liabilities not subject to a master netting arrangement and not elected to be offset.",
        "label": "Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned, Amount Offset Against Collateral",
        "negatedTotalLabel": "Net Amount"
       }
      }
     },
     "localname": "DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset": {
     "auth_ref": [
      "r47",
      "r54"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of asset associated with derivative liabilities, securities sold under agreements to repurchase and securities loaned.",
        "label": "Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned, Asset",
        "totalLabel": "Gross Amounts Offset in Consolidated Balance Sheet"
       }
      }
     },
     "localname": "DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash": {
     "auth_ref": [
      "r49",
      "r52"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      },
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails_1": {
       "order": 3.0,
       "parentTag": "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of right to receive cash collateral under master netting arrangements that have not been offset against derivative liabilities, securities sold under agreements to repurchase and securities loaned.",
        "label": "Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned, Collateral, Right to Reclaim Cash",
        "totalLabel": "Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged"
       }
      }
     },
     "localname": "DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities": {
     "auth_ref": [
      "r49",
      "r52"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      },
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails_1": {
       "order": 2.0,
       "parentTag": "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of right to receive securities collateral under master netting arrangements that have not been offset against derivative liabilities, securities sold under agreements to repurchase and securities loaned.",
        "label": "Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned, Collateral, Right to Reclaim Securities",
        "totalLabel": "Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments"
       }
      }
     },
     "localname": "DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross": {
     "auth_ref": [
      "r46",
      "r53"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, before effects of master netting arrangements, of derivative liabilities, securities sold under agreements to repurchase and securities loaned. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement.",
        "label": "Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned, Gross",
        "negatedTotalLabel": "Gross Amounts of Recognized Assets (Liabilities)"
       }
      }
     },
     "localname": "DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned, Gross Including Not Subject to Master Netting Arrangement [Abstract]",
        "terseLabel": "Total Liabilities"
       }
      }
     },
     "localname": "DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGrossIncludingNotSubjectToMasterNettingArrangementAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DerivativeLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Derivative [Line Items]",
        "terseLabel": "Derivative [Line Items]"
       }
      }
     },
     "localname": "DerivativeLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DerivativeNotionalAmount": {
     "auth_ref": [
      "r424",
      "r426"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Nominal or face amount used to calculate payment on derivative.",
        "label": "Derivative, Notional Amount",
        "terseLabel": "Notional Amount",
        "verboseLabel": "Notional amount"
       }
      }
     },
     "localname": "DerivativeNotionalAmount",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeTable": {
     "auth_ref": [
      "r423",
      "r425",
      "r426",
      "r428",
      "r429",
      "r434",
      "r436",
      "r443",
      "r445",
      "r446"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule that describes and identifies a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.",
        "label": "Derivative [Table]",
        "terseLabel": "Derivative [Table]"
       }
      }
     },
     "localname": "DerivativeTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DevelopedTechnologyRightsMember": {
     "auth_ref": [
      "r398"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Rights to developed technology, which can include the right to develop, use, market, sell, or offer for sale products, compounds, or intellectual property.",
        "label": "Developed Technology Rights [Member]",
        "terseLabel": "Developed Technology Rights [Member]"
       }
      }
     },
     "localname": "DevelopedTechnologyRightsMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock": {
     "auth_ref": [
      "r375"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for share-based payment arrangement.",
        "label": "Share-based Payment Arrangement [Text Block]",
        "terseLabel": "Equity Compensation Plans"
       }
      }
     },
     "localname": "DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlans"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Share-based Payment Arrangement [Abstract]",
        "terseLabel": "Share-based Payment Arrangement [Abstract]"
       }
      }
     },
     "localname": "DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_DividendsCommonStock": {
     "auth_ref": [
      "r335",
      "r604"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of paid and unpaid common stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK).",
        "label": "Dividends, Common Stock",
        "negatedLabel": "Common dividends declared"
       }
      }
     },
     "localname": "DividendsCommonStock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DividendsPayableCurrentAndNoncurrent": {
     "auth_ref": [
      "r13",
      "r15",
      "r571",
      "r610"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding.",
        "label": "Dividends Payable",
        "terseLabel": "Accrued but unpaid dividends"
       }
      }
     },
     "localname": "DividendsPayableCurrentAndNoncurrent",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_EarningsPerShareBasic": {
     "auth_ref": [
      "r77",
      "r137",
      "r138",
      "r139",
      "r140",
      "r141",
      "r146",
      "r149",
      "r157",
      "r158",
      "r159",
      "r161",
      "r162",
      "r589",
      "r630"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.",
        "label": "Earnings Per Share, Basic",
        "terseLabel": "Basic earnings (loss) per common share (in dollars per share)",
        "verboseLabel": "Basic Earnings (Loss) per Common Share (in dollars per share)"
       }
      }
     },
     "localname": "EarningsPerShareBasic",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails"
     ],
     "xbrltype": "perShareItemType"
    },
    "us-gaap_EarningsPerShareBasicAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Earnings Per Share, Basic [Abstract]",
        "terseLabel": "Basic Earnings (Loss) per Common Share:"
       }
      }
     },
     "localname": "EarningsPerShareBasicAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_EarningsPerShareDiluted": {
     "auth_ref": [
      "r77",
      "r137",
      "r138",
      "r139",
      "r140",
      "r141",
      "r149",
      "r157",
      "r158",
      "r159",
      "r161",
      "r162",
      "r589",
      "r630"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.",
        "label": "Earnings Per Share, Diluted",
        "terseLabel": "Diluted earnings (loss) per common share (in dollars per share)",
        "verboseLabel": "Diluted Earnings (Loss) per Common Share (in dollars per share)"
       }
      }
     },
     "localname": "EarningsPerShareDiluted",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails"
     ],
     "xbrltype": "perShareItemType"
    },
    "us-gaap_EarningsPerShareDilutedAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Earnings Per Share, Diluted [Abstract]",
        "terseLabel": "Diluted Earnings (Loss) per Common Share:"
       }
      }
     },
     "localname": "EarningsPerShareDilutedAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_EffectiveIncomeTaxRateContinuingOperations": {
     "auth_ref": [
      "r378"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.",
        "label": "Effective Income Tax Rate Reconciliation, Percent",
        "totalLabel": "Effective Tax Rate"
       }
      }
     },
     "localname": "EffectiveIncomeTaxRateContinuingOperations",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate": {
     "auth_ref": [
      "r378",
      "r386"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations",
       "weight": 1.0
      }
     },
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Percentage of domestic federal statutory tax rate applicable to pretax income (loss).",
        "label": "Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent",
        "terseLabel": "Federal statutory rate"
       }
      }
     },
     "localname": "EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance": {
     "auth_ref": [
      "r378",
      "r386"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails": {
       "order": 4.0,
       "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations",
       "weight": 1.0
      }
     },
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the valuation allowance for deferred tax assets.",
        "label": "Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent",
        "terseLabel": "Change in valuation allowance"
       }
      }
     },
     "localname": "EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_EffectiveIncomeTaxRateReconciliationDeductions": {
     "auth_ref": [
      "r378",
      "r386"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations",
       "weight": -1.0
      }
     },
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Percentage of difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying domestic federal statutory income tax rate to pretax income (loss) from continuing operations attributable to deduction. Includes, but is not limited to, dividend deduction, deduction for dividend paid to employee stock ownership plan (ESOP), Medicare prescription drug benefit subsidy deduction, and other deductions.",
        "label": "Effective Income Tax Rate Reconciliation, Deduction, Percent",
        "negatedTerseLabel": "Differences in taxable (loss) income from GAAP income"
       }
      }
     },
     "localname": "EffectiveIncomeTaxRateReconciliationDeductions",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends": {
     "auth_ref": [
      "r378",
      "r386"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails": {
       "order": 5.0,
       "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations",
       "weight": -1.0
      }
     },
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to deduction for dividend.",
        "label": "Effective Income Tax Rate Reconciliation, Deduction, Dividend, Percent",
        "negatedTerseLabel": "Dividends paid deduction"
       }
      }
     },
     "localname": "EffectiveIncomeTaxRateReconciliationDeductionsDividends",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes": {
     "auth_ref": [
      "r378",
      "r386"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations",
       "weight": 1.0
      }
     },
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to state and local income tax expense (benefit), net of federal tax expense (benefit).",
        "label": "Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent",
        "terseLabel": "State statutory rate, net of Federal tax effect"
       }
      }
     },
     "localname": "EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/TaxesReconciliationofStatutoryTaxRatetoEffectiveTaxRateDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent": {
     "auth_ref": [
      "r580",
      "r624"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits.",
        "label": "Employee-related Liabilities",
        "terseLabel": "Accrued compensation"
       }
      }
     },
     "localname": "EmployeeRelatedLiabilitiesCurrentAndNoncurrent",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount": {
     "auth_ref": [
      "r365"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cost capitalized for award under share-based payment arrangement.",
        "label": "Share-based Payment Arrangement, Amount Capitalized",
        "terseLabel": "Equity grants"
       }
      }
     },
     "localname": "EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized": {
     "auth_ref": [
      "r366"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cost not yet recognized for nonvested award under share-based payment arrangement.",
        "label": "Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount",
        "periodEndLabel": "Unrecognized Compensation Cost at End of Period",
        "periodStartLabel": "Unrecognized compensation cost at beginning of period",
        "terseLabel": "Unrecognized compensation cost"
       }
      }
     },
     "localname": "EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1": {
     "auth_ref": [
      "r366"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Weighted-average period over which cost not yet recognized is expected to be recognized for award under share-based payment arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.",
        "label": "Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition",
        "terseLabel": "Weighted average amortization period remaining for equity awards"
       }
      }
     },
     "localname": "EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "us-gaap_EquityAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Equity [Abstract]",
        "terseLabel": "Equity [Abstract]"
       }
      }
     },
     "localname": "EquityAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_EquityComponentDomain": {
     "auth_ref": [
      "r131",
      "r132",
      "r134",
      "r136",
      "r142",
      "r145",
      "r163",
      "r252",
      "r330",
      "r335",
      "r368",
      "r369",
      "r370",
      "r382",
      "r383",
      "r477",
      "r478",
      "r479",
      "r480",
      "r481",
      "r483",
      "r641",
      "r642",
      "r643"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc.",
        "label": "Equity Component [Domain]",
        "terseLabel": "Equity Component [Domain]"
       }
      }
     },
     "localname": "EquityComponentDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails",
      "http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_EstimateOfFairValueFairValueDisclosureMember": {
     "auth_ref": [
      "r470"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measured as an estimate of fair value.",
        "label": "Estimate of Fair Value Measurement [Member]",
        "terseLabel": "Fair Value"
       }
      }
     },
     "localname": "EstimateOfFairValueFairValueDisclosureMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]",
        "terseLabel": "Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]"
       }
      }
     },
     "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable": {
     "auth_ref": [
      "r453",
      "r454",
      "r455",
      "r466"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of information about asset and liability measured at fair value on recurring and nonrecurring basis.",
        "label": "Fair Value, Recurring and Nonrecurring [Table]",
        "terseLabel": "Fair Value, Recurring and Nonrecurring [Table]"
       }
      }
     },
     "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Fair Value Measurement Inputs and Valuation Techniques [Line Items]",
        "terseLabel": "Fair Value Measurement Inputs and Valuation Techniques [Line Items]"
       }
      }
     },
     "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable": {
     "auth_ref": [
      "r456"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of information about input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.",
        "label": "Fair Value Measurement Inputs and Valuation Techniques [Table]",
        "terseLabel": "Fair Value Measurement Inputs and Valuation Techniques [Table]"
       }
      }
     },
     "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock": {
     "auth_ref": [
      "r456"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.",
        "label": "Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]",
        "terseLabel": "Quantitative Information about Significant Unobservable Inputs Used in Valuation of Level 3 Assets and Liabilities Measured at Fair Value"
       }
      }
     },
     "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock": {
     "auth_ref": [
      "r460",
      "r463"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity.",
        "label": "Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block]",
        "terseLabel": "Portion of Net Gains (Losses) Attributable to Level 3 Assets and Liabilities Still Held and Included in Net Income"
       }
      }
     },
     "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock": {
     "auth_ref": [
      "r453",
      "r454",
      "r456"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).",
        "label": "Fair Value Measurements, Nonrecurring [Table Text Block]",
        "terseLabel": "Assets and Liabilities Measured at Fair Value on Non-Recurring Basis"
       }
      }
     },
     "localname": "FairValueAssetsMeasuredOnNonrecurringBasisTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain": {
     "auth_ref": [
      "r459"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Class of asset.",
        "label": "Asset Class [Domain]",
        "terseLabel": "Asset Class [Domain]"
       }
      }
     },
     "localname": "FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails",
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.",
        "label": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]",
        "terseLabel": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]"
       }
      }
     },
     "localname": "FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]",
        "terseLabel": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]"
       }
      }
     },
     "localname": "FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable": {
     "auth_ref": [
      "r459",
      "r466"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule of information required and determined to be provided for purposes of reconciling beginning and ending balances of fair value measurements of assets using significant unobservable inputs (level 3). Such reconciliation, separately presenting changes during the period, at a minimum, may include, but is not limited to: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.",
        "label": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table]",
        "terseLabel": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table]"
       }
      }
     },
     "localname": "FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock": {
     "auth_ref": [
      "r459",
      "r466"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.",
        "label": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]",
        "terseLabel": "Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis"
       }
      }
     },
     "localname": "FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]",
        "terseLabel": "Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]"
       }
      }
     },
     "localname": "FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FairValueByAssetClassAxis": {
     "auth_ref": [
      "r453",
      "r466"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by class of asset.",
        "label": "Asset Class [Axis]",
        "terseLabel": "Asset Class [Axis]"
       }
      }
     },
     "localname": "FairValueByAssetClassAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails",
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FairValueByBalanceSheetGroupingTable": {
     "auth_ref": [
      "r453",
      "r471",
      "r472"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of information about the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.",
        "label": "Fair Value, by Balance Sheet Grouping [Table]",
        "terseLabel": "Fair Value, by Balance Sheet Grouping [Table]"
       }
      }
     },
     "localname": "FairValueByBalanceSheetGroupingTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FairValueByBalanceSheetGroupingTextBlock": {
     "auth_ref": [
      "r453",
      "r471"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.",
        "label": "Fair Value, by Balance Sheet Grouping [Table Text Block]",
        "terseLabel": "Carrying Values and Fair Values of Assets and Liabilities"
       }
      }
     },
     "localname": "FairValueByBalanceSheetGroupingTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_FairValueByFairValueHierarchyLevelAxis": {
     "auth_ref": [
      "r341",
      "r342",
      "r343",
      "r344",
      "r345",
      "r346",
      "r347",
      "r349",
      "r454",
      "r504",
      "r505",
      "r506"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by level within fair value hierarchy and fair value measured at net asset value per share as practical expedient.",
        "label": "Fair Value Hierarchy and NAV [Axis]",
        "terseLabel": "Fair Value Hierarchy and NAV [Axis]"
       }
      }
     },
     "localname": "FairValueByFairValueHierarchyLevelAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FairValueByLiabilityClassAxis": {
     "auth_ref": [
      "r465",
      "r466"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by class of liability.",
        "label": "Liability Class [Axis]",
        "terseLabel": "Liability Class [Axis]"
       }
      }
     },
     "localname": "FairValueByLiabilityClassAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FairValueByMeasurementBasisAxis": {
     "auth_ref": [
      "r453",
      "r467"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by measurement basis.",
        "label": "Measurement Basis [Axis]",
        "terseLabel": "Measurement Basis [Axis]"
       }
      }
     },
     "localname": "FairValueByMeasurementBasisAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FairValueByMeasurementFrequencyAxis": {
     "auth_ref": [
      "r453",
      "r454",
      "r457",
      "r458",
      "r468"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by measurement frequency.",
        "label": "Measurement Frequency [Axis]",
        "terseLabel": "Measurement Frequency [Axis]"
       }
      }
     },
     "localname": "FairValueByMeasurementFrequencyAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FairValueDisclosureItemAmountsDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement basis, for example, but not limited to, reported value, fair value, portion at fair value, portion at other than fair value.",
        "label": "Fair Value Measurement [Domain]",
        "terseLabel": "Fair Value Measurement [Domain]"
       }
      }
     },
     "localname": "FairValueDisclosureItemAmountsDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_FairValueDisclosuresAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Fair Value Disclosures [Abstract]",
        "terseLabel": "Fair Value Disclosures [Abstract]"
       }
      }
     },
     "localname": "FairValueDisclosuresAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_FairValueDisclosuresTextBlock": {
     "auth_ref": [
      "r465"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.",
        "label": "Fair Value Disclosures [Text Block]",
        "terseLabel": "Fair Value of Financial Instruments"
       }
      }
     },
     "localname": "FairValueDisclosuresTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstruments"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_FairValueInputsLevel1Member": {
     "auth_ref": [
      "r341",
      "r342",
      "r347",
      "r349",
      "r454",
      "r504"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Quoted prices in active markets for identical assets or liabilities that the reporting entity can access at the measurement date.",
        "label": "Fair Value, Inputs, Level 1 [Member]",
        "terseLabel": "Level 1"
       }
      }
     },
     "localname": "FairValueInputsLevel1Member",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_FairValueInputsLevel2Member": {
     "auth_ref": [
      "r341",
      "r342",
      "r347",
      "r349",
      "r454",
      "r505"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Inputs other than quoted prices included within level 1 that are observable for an asset or liability, either directly or indirectly, including, but not limited to, quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in inactive markets.",
        "label": "Fair Value, Inputs, Level 2 [Member]",
        "terseLabel": "Level 2"
       }
      }
     },
     "localname": "FairValueInputsLevel2Member",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_FairValueInputsLevel3Member": {
     "auth_ref": [
      "r341",
      "r342",
      "r343",
      "r344",
      "r345",
      "r346",
      "r347",
      "r349",
      "r454",
      "r506"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.",
        "label": "Fair Value, Inputs, Level 3 [Member]",
        "terseLabel": "Level 3"
       }
      }
     },
     "localname": "FairValueInputsLevel3Member",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations": {
     "auth_ref": [
      "r453",
      "r454"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value of subordinated debt obligations including, but not limited to, subordinated loan, subordinated bond, subordinated debenture or junior debt.",
        "label": "Subordinated Debt Obligations, Fair Value Disclosure",
        "terseLabel": "Other long-term debt, net"
       }
      }
     },
     "localname": "FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain": {
     "auth_ref": [
      "r459"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Represents classes of liabilities measured and disclosed at fair value.",
        "label": "Fair Value by Liability Class [Domain]",
        "terseLabel": "Fair Value by Liability Class [Domain]"
       }
      }
     },
     "localname": "FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.",
        "label": "Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]",
        "terseLabel": "Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]"
       }
      }
     },
     "localname": "FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FairValueMeasurementFrequencyDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement frequency.",
        "label": "Measurement Frequency [Domain]",
        "terseLabel": "Measurement Frequency [Domain]"
       }
      }
     },
     "localname": "FairValueMeasurementFrequencyDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1": {
     "auth_ref": [
      "r460"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3).",
        "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings",
        "terseLabel": "Gains (losses) in net income (loss), net"
       }
      }
     },
     "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss": {
     "auth_ref": [
      "r461"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of gain (loss) recognized in other comprehensive income (OCI) from asset measured at fair value on recurring basis using unobservable input (level 3).",
        "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)",
        "terseLabel": "Unrealized losses in OCI, net"
       }
      }
     },
     "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases": {
     "auth_ref": [
      "r462"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of purchases of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.",
        "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases",
        "terseLabel": "Acquisitions"
       }
      }
     },
     "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales": {
     "auth_ref": [
      "r462"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of sale of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.",
        "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales",
        "negatedLabel": "Sales"
       }
      }
     },
     "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements": {
     "auth_ref": [
      "r462"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of settlement of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.",
        "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements",
        "negatedLabel": "Other settlements, net"
       }
      }
     },
     "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue": {
     "auth_ref": [
      "r459"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.",
        "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value",
        "periodEndLabel": "Ending balance - March 31, 2021",
        "periodStartLabel": "Beginning balance - December 31, 2020"
       }
      }
     },
     "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings": {
     "auth_ref": [
      "r460"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of gain (loss) recognized in income from liability measured at fair value on recurring basis using unobservable input (level 3).",
        "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings",
        "terseLabel": "Gains (losses) in net income (loss), net"
       }
      }
     },
     "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases": {
     "auth_ref": [
      "r462"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of purchases of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.",
        "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases",
        "terseLabel": "Acquisitions"
       }
      }
     },
     "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements": {
     "auth_ref": [
      "r462"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of settlements of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.",
        "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements",
        "negatedLabel": "Other settlements, net"
       }
      }
     },
     "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue": {
     "auth_ref": [
      "r459"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.",
        "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value",
        "periodEndLabel": "Ending balance - March 31, 2021",
        "periodStartLabel": "Beginning balance - December 31, 2020"
       }
      }
     },
     "localname": "FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsChangesinLevel3AssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FairValueMeasurementsFairValueHierarchyDomain": {
     "auth_ref": [
      "r341",
      "r342",
      "r343",
      "r344",
      "r345",
      "r346",
      "r347",
      "r349",
      "r504",
      "r505",
      "r506"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Categories used to prioritize the inputs to valuation techniques to measure fair value.",
        "label": "Fair Value Hierarchy and NAV [Domain]",
        "terseLabel": "Fair Value Hierarchy and NAV [Domain]"
       }
      }
     },
     "localname": "FairValueMeasurementsFairValueHierarchyDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_FairValueMeasurementsNonrecurringMember": {
     "auth_ref": [
      "r453",
      "r454",
      "r457",
      "r458",
      "r464",
      "r468"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Infrequent fair value measurement. Includes, but is not limited to, fair value adjustment for impairment of asset, liability or equity, not frequently measured at fair value.",
        "label": "Fair Value, Nonrecurring [Member]",
        "terseLabel": "Fair Value, Measurements, Nonrecurring"
       }
      }
     },
     "localname": "FairValueMeasurementsNonrecurringMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_FairValueMeasurementsRecurringMember": {
     "auth_ref": [
      "r465",
      "r468"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Frequent fair value measurement. Includes, but is not limited to, fair value adjustment for impairment of asset, liability or equity, frequently measured at fair value.",
        "label": "Fair Value, Recurring [Member]",
        "terseLabel": "Fair Value, Measurements, Recurring"
       }
      }
     },
     "localname": "FairValueMeasurementsRecurringMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_FairValueOptionChangesInFairValueGainLoss1": {
     "auth_ref": [
      "r475"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings.",
        "label": "Fair Value, Option, Changes in Fair Value, Gain (Loss)",
        "terseLabel": "Net market valuation gains (losses) recorded",
        "verboseLabel": "Gain (Loss) on assets measured at fair value on a non-recurring basis"
       }
      }
     },
     "localname": "FairValueOptionChangesInFairValueGainLoss1",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue": {
     "auth_ref": [
      "r473"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Fair Value, Option, Loans Held as Assets, 90 Days or More Past Due",
        "terseLabel": "Fair value of loans with 90+ day delinquencies"
       }
      }
     },
     "localname": "FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure": {
     "auth_ref": [
      "r579"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value portion of borrowing from Federal Home Loan Bank (FHLBank).",
        "label": "Federal Home Loan Bank Borrowings, Fair Value Disclosure",
        "terseLabel": "FHLBC long-term borrowings"
       }
      }
     },
     "localname": "FederalHomeLoanBankBorrowingsFairValueDisclosure",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FederalHomeLoanBankStock": {
     "auth_ref": [
      "r603"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails": {
       "order": 7.0,
       "parentTag": "us-gaap_OtherAssets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Federal Home Loan Bank (FHLB) stock represents an equity interest in a FHLB. It does not have a readily determinable fair value because its ownership is restricted and it lacks a market (liquidity).",
        "label": "Federal Home Loan Bank Stock",
        "verboseLabel": "FHLBC stock"
       }
      }
     },
     "localname": "FederalHomeLoanBankStock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FinancialInstrumentAxis": {
     "auth_ref": [
      "r237",
      "r238",
      "r256",
      "r257",
      "r258",
      "r259",
      "r261",
      "r273",
      "r275",
      "r286",
      "r287",
      "r501",
      "r502",
      "r503",
      "r504",
      "r505",
      "r506",
      "r508",
      "r509",
      "r510",
      "r516",
      "r517",
      "r518",
      "r519",
      "r523",
      "r527",
      "r533",
      "r534",
      "r535",
      "r536",
      "r537",
      "r538",
      "r539",
      "r540",
      "r541",
      "r542",
      "r543",
      "r544",
      "r545",
      "r546",
      "r547"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of financial instrument.",
        "label": "Financial Instrument [Axis]",
        "terseLabel": "Financial Instrument [Axis]"
       }
      }
     },
     "localname": "FinancialInstrumentAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails",
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]",
        "terseLabel": "Assets"
       }
      }
     },
     "localname": "FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]",
        "terseLabel": "Liabilities"
       }
      }
     },
     "localname": "FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue": {
     "auth_ref": [
      "r523",
      "r525"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The fair value as of the balance sheet date of financial instruments and other positions owned by the entity and pledged to counterparties as collateral, including: (1) mortgages, mortgage-backed and asset backed securities; (2) US government and agency obligations; (3) state and municipal government obligations; (4) other sovereign government debt; (5) corporate obligations; (6) corporate equities; (7) principal investments; (8) derivative contracts; and (9) physical commodities.",
        "label": "Financial Instruments, Owned and Pledged as Collateral, at Fair Value",
        "terseLabel": "Fair value of mortgage backed securities securing loan (in excess)"
       }
      }
     },
     "localname": "FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue": {
     "auth_ref": [
      "r564"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The fair value as of the balance sheet date of firm holdings in private equity, mezzanine, venture capital, merchant banking, real estate and special situations investments. Includes both pledged (to counterparties as collateral for financing transactions) and unpledged holdings.",
        "label": "Financial Instruments, Owned, Principal Investments, at Fair Value",
        "terseLabel": "Fair value of securities owned"
       }
      }
     },
     "localname": "FinancialInstrumentsOwnedPrincipalInvestmentsAtFairValue",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FinancingReceivablePortfolioSegmentAxis": {
     "auth_ref": [
      "r256",
      "r257",
      "r262"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by the level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses.",
        "label": "Financing Receivable Portfolio Segment [Axis]",
        "terseLabel": "Financing Receivable Portfolio Segment [Axis]"
       }
      }
     },
     "localname": "FinancingReceivablePortfolioSegmentAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FinancingReceivablePortfolioSegmentDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses.",
        "label": "Financing Receivable Portfolio Segment [Domain]",
        "terseLabel": "Financing Receivable Portfolio Segment [Domain]"
       }
      }
     },
     "localname": "FinancingReceivablePortfolioSegmentDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_FinancingReceivableReclassificationToHeldForSale": {
     "auth_ref": [
      "r215",
      "r255"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of financing receivable reclassified to held-for-sale.",
        "label": "Financing Receivable, Reclassification to Held-for-sale",
        "terseLabel": "Transfers from loans held-for-investment to loans held-for-sale"
       }
      }
     },
     "localname": "FinancingReceivableReclassificationToHeldForSale",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis": {
     "auth_ref": [
      "r216",
      "r218",
      "r219",
      "r258",
      "r259",
      "r261",
      "r263",
      "r264",
      "r268",
      "r269"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by class of financing receivable determined on the basis of initial measurement attribute, risk characteristics and method of monitoring and assessing credit risk.",
        "label": "Class of Financing Receivable [Axis]",
        "terseLabel": "Class of Financing Receivable [Axis]"
       }
      }
     },
     "localname": "FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Financing receivables determined on the basis of initial measurement attribute, risk characteristics and method of monitoring and assessing credit risk.",
        "label": "Class of Financing Receivable [Domain]",
        "terseLabel": "Class of Financing Receivable [Domain]"
       }
      }
     },
     "localname": "FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforSaleDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_FinancingReceivableRecordedInvestmentPastDue": {
     "auth_ref": [
      "r219",
      "r258",
      "r269"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of financing receivable past due.",
        "label": "Financing Receivable, Past Due",
        "terseLabel": "Unpaid principal balance of loans with 90+ day delinquencies"
       }
      }
     },
     "localname": "FinancingReceivableRecordedInvestmentPastDue",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember": {
     "auth_ref": [
      "r269"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Financial asset equal to or greater than 90 days past due.",
        "label": "Financial Asset, Equal to or Greater than 90 Days Past Due [Member]",
        "terseLabel": "Financing Receivables, Equal to Greater than 90 Days Past Due"
       }
      }
     },
     "localname": "FinancingReceivablesEqualToGreaterThan90DaysPastDueMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_FinancingReceivablesPeriodPastDueAxis": {
     "auth_ref": [
      "r258",
      "r269"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by time period financial asset is past due.",
        "label": "Financial Asset, Period Past Due [Axis]",
        "terseLabel": "Financial Asset, Period Past Due [Axis]"
       }
      }
     },
     "localname": "FinancingReceivablesPeriodPastDueAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FinancingReceivablesPeriodPastDueDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Period in which financial asset is past due. Element name and standard label in Financial Asset, [numeric lower end] to [numeric higher end] [date measure] Past Due [Member] or Financial Asset, Greater Than [low end numeric value] [date measure] Past Due [Member] or Financial Asset, Less Than [high end numeric value] [date measure] Past Due [Member] formats.",
        "label": "Financial Asset, Period Past Due [Domain]",
        "terseLabel": "Financial Asset, Period Past Due [Domain]"
       }
      }
     },
     "localname": "FinancingReceivablesPeriodPastDueDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetUsefulLife": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.",
        "label": "Finite-Lived Intangible Asset, Useful Life",
        "terseLabel": "Weighted Average Amortization Period (in years)"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetUsefulLife",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization": {
     "auth_ref": [
      "r295"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.",
        "label": "Finite-Lived Intangible Assets, Accumulated Amortization",
        "negatedLabel": "Accumulated amortization"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsAccumulatedAmortization",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths": {
     "auth_ref": [
      "r297"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Finite-Lived Intangible Asset, Expected Amortization, Year One",
        "terseLabel": "2022"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in remainder of current fiscal year.",
        "label": "Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year",
        "terseLabel": "2021 (9 months)"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.",
        "label": "Finite-lived Intangible Assets Amortization Expense [Table Text Block]",
        "terseLabel": "Finite-lived Intangible Assets Amortization Expense"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree": {
     "auth_ref": [
      "r297"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails": {
       "order": 4.0,
       "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Finite-Lived Intangible Asset, Expected Amortization, Year Three",
        "terseLabel": "2024"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearThree",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo": {
     "auth_ref": [
      "r297"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Finite-Lived Intangible Asset, Expected Amortization, Year Two",
        "terseLabel": "2023"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis": {
     "auth_ref": [
      "r292",
      "r293",
      "r295",
      "r298",
      "r550",
      "r551"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by major type or class of finite-lived intangible assets.",
        "label": "Finite-Lived Intangible Assets by Major Class [Axis]",
        "terseLabel": "Finite-Lived Intangible Assets by Major Class [Axis]"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsByMajorClassAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Finite-Lived Intangible Assets [Line Items]",
        "terseLabel": "Finite-Lived Intangible Assets [Line Items]"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain": {
     "auth_ref": [
      "r292",
      "r294"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The major class of finite-lived intangible asset (for example, patents, trademarks, copyrights, etc.) A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company.",
        "label": "Finite-Lived Intangible Assets, Major Class Name [Domain]",
        "terseLabel": "Finite-Lived Intangible Assets, Major Class Name [Domain]"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsMajorClassNameDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsNet": {
     "auth_ref": [
      "r295",
      "r550"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.",
        "label": "Finite-Lived Intangible Assets, Net",
        "terseLabel": "Carrying value",
        "totalLabel": "Total Future Intangible Asset Amortization",
        "verboseLabel": "Intangible Assets at Acquisition"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsNet",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetAmortizationExpensebyYearDetails",
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FutureMember": {
     "auth_ref": [
      "r437"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Futures contracts are forward-based contracts to make or take delivery of a specified financial instrument, foreign currency, or commodity at a specified future date or during a specified period at as specified price or yield. Futures are standardized contracts traded on an organized exchange.",
        "label": "Future [Member]",
        "terseLabel": "Futures",
        "verboseLabel": "Interest rate futures"
       }
      }
     },
     "localname": "FutureMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails",
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_GainLossOnInvestments": {
     "auth_ref": [
      "r86",
      "r112",
      "r226"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of realized and unrealized gain (loss) on investment.",
        "label": "Gain (Loss) on Investments",
        "terseLabel": "Gain (loss) on investments"
       }
      }
     },
     "localname": "GainLossOnInvestments",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_GainLossOnSaleOfInvestments": {
     "auth_ref": [
      "r112"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 12.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The net realized gain (loss) on investments sold during the period, not including gains (losses) on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, which, for cash flow reporting, is a component of proceeds from investing activities.",
        "label": "Gain (Loss) on Sale of Investments",
        "negatedLabel": "Realized gains, net"
       }
      }
     },
     "localname": "GainLossOnSaleOfInvestments",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_GainLossOnSecuritizationOfFinancialAssets": {
     "auth_ref": [
      "r79",
      "r80",
      "r112",
      "r503",
      "r585",
      "r631"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A gain (loss) realized on a transfer, accounted for as a sale, of all or a portion of financial assets in which the transferor surrenders control and receives consideration other than a beneficial interest in the assets transferred. Reflects the amount of sales proceeds in excess of, or deficient from, the sum of the carrying amounts of transferred financial assets plus transaction costs.",
        "label": "Gain (Loss) on Securitization of Financial Assets",
        "terseLabel": "Gain related to called security"
       }
      }
     },
     "localname": "GainLossOnSecuritizationOfFinancialAssets",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_GeneralAndAdministrativeExpense": {
     "auth_ref": [
      "r82"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 3.0,
       "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments",
       "weight": -1.0
      },
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_OperatingExpenses",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.",
        "label": "General and Administrative Expense",
        "negatedTerseLabel": "General and administrative expenses",
        "totalLabel": "Total General and Administrative Expenses"
       }
      }
     },
     "localname": "GeneralAndAdministrativeExpense",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_GoodwillImpairmentLoss": {
     "auth_ref": [
      "r112",
      "r288",
      "r289",
      "r291"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 10.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_OperatingCostsAndExpenses",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.",
        "label": "Goodwill, Impairment Loss",
        "negatedTerseLabel": "Other significant non-cash expense: goodwill impairment",
        "terseLabel": "Goodwill impairment expense"
       }
      }
     },
     "localname": "GoodwillImpairmentLoss",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS",
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_GuaranteeObligationsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A written or oral contract that obligates the guarantor to either pay cash or perform services if another party fails to perform specified actions or achieve specified results.",
        "label": "Guarantee Obligations [Member]",
        "terseLabel": "Guarantee Obligations"
       }
      }
     },
     "localname": "GuaranteeObligationsMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_GuaranteesFairValueDisclosure": {
     "auth_ref": [
      "r322"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value portion of guarantee, including, but not limited to, financial standby letter of credit, fair value guarantee, guarantee of collection of scheduled contractual cash flows from financial assets, and contracts that contingently require the guarantor to make payments or perform services.",
        "label": "Guarantees, Fair Value Disclosure",
        "verboseLabel": "Guarantee obligation"
       }
      }
     },
     "localname": "GuaranteesFairValueDisclosure",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_GuarantyLiabilities": {
     "auth_ref": [
      "r318",
      "r319",
      "r581",
      "r625"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 6.0,
       "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This item represents a non-contingent liability for the fair value of an obligation to stand ready to perform over the term of a guaranty issued in the event that specified triggering events or conditions occur.",
        "label": "Guaranty Liabilities",
        "terseLabel": "Guarantee obligations"
       }
      }
     },
     "localname": "GuarantyLiabilities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_HedgingRelationshipDomain": {
     "auth_ref": [
      "r428"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Nature or intent of a hedge.",
        "label": "Hedging Relationship [Domain]",
        "terseLabel": "Hedging Relationship [Domain]"
       }
      }
     },
     "localname": "HedgingRelationshipDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments": {
     "auth_ref": [
      "r126",
      "r189",
      "r195",
      "r199",
      "r202",
      "r205"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 1.0,
       "parentTag": "us-gaap_NetIncomeLoss",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments.",
        "label": "Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest",
        "terseLabel": "Net income before provision for income taxes",
        "totalLabel": "Net Income (Loss) before (Provision for) Benefit from Income Taxes"
       }
      }
     },
     "localname": "IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_IncomeLossFromEquityMethodInvestments": {
     "auth_ref": [
      "r73",
      "r112",
      "r186",
      "r249",
      "r584",
      "r626"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherIncomeDetails": {
       "order": 4.0,
       "parentTag": "us-gaap_OtherIncome",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of income (loss) for proportionate share of equity method investee's income (loss).",
        "label": "Income (Loss) from Equity Method Investments",
        "terseLabel": "Equity investment income"
       }
      }
     },
     "localname": "IncomeLossFromEquityMethodInvestments",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherIncomeDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_IncomeStatementAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Income Statement [Abstract]",
        "terseLabel": "Income Statement [Abstract]"
       }
      }
     },
     "localname": "IncomeStatementAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_IncomeStatementLocationAxis": {
     "auth_ref": [
      "r303"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by location in the income statement.",
        "label": "Income Statement Location [Axis]",
        "terseLabel": "Income Statement Location [Axis]"
       }
      }
     },
     "localname": "IncomeStatementLocationAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_IncomeStatementLocationDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Location in the income statement.",
        "label": "Income Statement Location [Domain]",
        "terseLabel": "Income Statement Location [Domain]"
       }
      }
     },
     "localname": "IncomeStatementLocationDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_IncomeTaxDisclosureAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Income Tax Disclosure [Abstract]",
        "terseLabel": "Income Tax Disclosure [Abstract]"
       }
      }
     },
     "localname": "IncomeTaxDisclosureAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_IncomeTaxDisclosureTextBlock": {
     "auth_ref": [
      "r379",
      "r380",
      "r381",
      "r384",
      "r387",
      "r389",
      "r390",
      "r391"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.",
        "label": "Income Tax Disclosure [Text Block]",
        "terseLabel": "Taxes"
       }
      }
     },
     "localname": "IncomeTaxDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/Taxes"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_IncomeTaxExpenseBenefit": {
     "auth_ref": [
      "r124",
      "r144",
      "r145",
      "r187",
      "r377",
      "r385",
      "r388",
      "r632"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 2.0,
       "parentTag": "us-gaap_NetIncomeLoss",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.",
        "label": "Income Tax Expense (Benefit)",
        "negatedLabel": "Provision for income taxes",
        "negatedTerseLabel": "(Provision for) benefit from income taxes",
        "verboseLabel": "Provision from (benefit for) income taxes"
       }
      }
     },
     "localname": "IncomeTaxExpenseBenefit",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails",
      "http://www.redwoodtrust.com/role/TaxesAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_IncomeTaxesPaid": {
     "auth_ref": [
      "r108",
      "r115"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income.",
        "label": "Income Taxes Paid",
        "terseLabel": "Taxes"
       }
      }
     },
     "localname": "IncomeTaxesPaid",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1": {
     "auth_ref": [
      "r435"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails": {
       "order": 2.0,
       "parentTag": "rwt_MortgageBankingActivitiesNet",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of unrealized gain (loss) related to the fair value of price risk derivatives designated as fair value hedging instruments, as offset by the gain (loss) on the hedged item to the extent that the fair value hedge is determined to be effective.",
        "label": "Increase (Decrease) in Fair Value of Price Risk Fair Value Hedging Instruments",
        "verboseLabel": "Risk management derivatives"
       }
      }
     },
     "localname": "IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_IncreaseDecreaseInOperatingCapitalAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Increase (Decrease) in Operating Capital [Abstract]",
        "terseLabel": "Net change in:"
       }
      }
     },
     "localname": "IncreaseDecreaseInOperatingCapitalAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_IncreaseDecreaseInOperatingLiabilities": {
     "auth_ref": [
      "r111"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 14.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The increase (decrease) during the reporting period in the aggregate amount of liabilities that result from activities that generate operating income.",
        "label": "Increase (Decrease) in Operating Liabilities",
        "terseLabel": "Accrued interest payable and accrued expenses and other liabilities"
       }
      }
     },
     "localname": "IncreaseDecreaseInOperatingLiabilities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_IncreaseDecreaseInOtherOperatingAssets": {
     "auth_ref": [
      "r111"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 13.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of increase (decrease) in operating assets classified as other.",
        "label": "Increase (Decrease) in Other Operating Assets",
        "negatedTerseLabel": "Accrued interest receivable and other assets"
       }
      }
     },
     "localname": "IncreaseDecreaseInOtherOperatingAssets",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_IncreaseDecreaseInStockholdersEquityRollForward": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.",
        "label": "Increase (Decrease) in Stockholders' Equity [Roll Forward]",
        "terseLabel": "Increase (Decrease) in Stockholders' Equity"
       }
      }
     },
     "localname": "IncreaseDecreaseInStockholdersEquityRollForward",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_IncreaseDecreaseInTradingSecurities": {
     "auth_ref": [
      "r104",
      "r111"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of increase (decrease) of investment in debt and equity securities, measured at fair value with changes in fair value recognized in net income.",
        "label": "Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI",
        "terseLabel": "Net market valuation gains (losses) recorded"
       }
      }
     },
     "localname": "IncreaseDecreaseInTradingSecurities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities": {
     "auth_ref": [
      "r151",
      "r152",
      "r159"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding",
       "weight": 1.0
      }
     },
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible debt securities using the if-converted method.",
        "label": "Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities",
        "terseLabel": "Net effect of assumed convertible notes conversion to common shares (in shares)"
       }
      }
     },
     "localname": "IncrementalCommonSharesAttributableToConversionOfDebtSecurities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_IntangibleAssetsNetIncludingGoodwill": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 6.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails": {
       "order": 4.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying amount of finite-lived intangible assets, indefinite-lived intangible assets and goodwill. Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Intangible assets are assets, not including financial assets, lacking physical substance.",
        "label": "Intangible Assets, Net (Including Goodwill)",
        "terseLabel": "Intangible assets"
       }
      }
     },
     "localname": "IntangibleAssetsNetIncludingGoodwill",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestAndDividendIncomeOperating": {
     "auth_ref": [
      "r591"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 1.0,
       "parentTag": "us-gaap_InterestIncomeExpenseNet",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein.",
        "label": "Interest and Dividend Income, Operating",
        "terseLabel": "Interest income",
        "totalLabel": "Total interest income"
       }
      }
     },
     "localname": "InterestAndDividendIncomeOperating",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestAndDividendIncomeOperatingAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Interest and Dividend Income, Operating [Abstract]",
        "terseLabel": "Interest Income"
       }
      }
     },
     "localname": "InterestAndDividendIncomeOperatingAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_InterestAndFeeIncomeLoansAndLeases": {
     "auth_ref": [
      "r590"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherIncomeDetails": {
       "order": 6.0,
       "parentTag": "us-gaap_OtherIncome",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases.",
        "label": "Interest and Fee Income, Loans and Leases",
        "terseLabel": "Loan extension fees"
       }
      }
     },
     "localname": "InterestAndFeeIncomeLoansAndLeases",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherIncomeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate": {
     "auth_ref": [
      "r590"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 2.0,
       "parentTag": "us-gaap_InterestAndDividendIncomeOperating",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest and fee income from commercial and residential real estate loans.",
        "label": "Interest and Fee Income, Loans, Commercial and Residential, Real Estate",
        "terseLabel": "Business purpose loans"
       }
      }
     },
     "localname": "InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate": {
     "auth_ref": [
      "r590"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 1.0,
       "parentTag": "us-gaap_InterestAndDividendIncomeOperating",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest and fee income generated from loans secured by one- to four-family residential properties. This item excludes home equity lines-of-credit.",
        "label": "Interest and Fee Income, Loans, Consumer, Real Estate",
        "terseLabel": "Residential loans"
       }
      }
     },
     "localname": "InterestAndFeeIncomeLoansConsumerRealEstate",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages": {
     "auth_ref": [
      "r590"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 3.0,
       "parentTag": "us-gaap_InterestAndDividendIncomeOperating",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest and fee income from mortgage loans considered to be held-for-sale.",
        "label": "Interest and Fee Income, Loans Held-for-sale, Mortgages",
        "terseLabel": "Multifamily loans"
       }
      }
     },
     "localname": "InterestAndFeeIncomeLoansHeldForSaleMortgages",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestAndOtherIncomeTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of interest income and income classified as other.",
        "label": "Interest and Other Income [Table Text Block]",
        "terseLabel": "Schedule of other income"
       }
      }
     },
     "localname": "InterestAndOtherIncomeTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherIncomeTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_InterestAndOtherIncomeTextBlock": {
     "auth_ref": [
      "r337"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for interest and other income.",
        "label": "Interest and Other Income [Text Block]",
        "terseLabel": "Other Income"
       }
      }
     },
     "localname": "InterestAndOtherIncomeTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherIncome"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_InterestExpense": {
     "auth_ref": [
      "r72",
      "r183",
      "r484",
      "r487",
      "r599"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 2.0,
       "parentTag": "us-gaap_InterestIncomeExpenseNet",
       "weight": -1.0
      },
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of the cost of borrowed funds accounted for as interest expense.",
        "label": "Interest Expense",
        "negatedLabel": "Interest expense",
        "negatedTotalLabel": "Total interest expense",
        "terseLabel": "Interest expense"
       }
      }
     },
     "localname": "InterestExpense",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails",
      "http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestExpenseAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Interest Expense [Abstract]",
        "terseLabel": "Interest Expense"
       }
      }
     },
     "localname": "InterestExpenseAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities": {
     "auth_ref": [
      "r597"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 2.0,
       "parentTag": "us-gaap_InterestExpense",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest expense on beneficial interests issued by consolidated variable interest entities.",
        "label": "Interest Expense, Beneficial Interests Issued by Consolidated Variable Interest Entities",
        "negatedLabel": "Asset-backed securities issued"
       }
      }
     },
     "localname": "InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestExpenseLongTermDebt": {
     "auth_ref": [
      "r598"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 3.0,
       "parentTag": "us-gaap_InterestExpense",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Aggregate amount of interest paid or due on all long-term debt.",
        "label": "Interest Expense, Long-term Debt",
        "negatedLabel": "Long-term debt"
       }
      }
     },
     "localname": "InterestExpenseLongTermDebt",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestExpenseMember": {
     "auth_ref": [
      "r439"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Primary financial statement caption encompassing interest expense.",
        "label": "Interest Expense [Member]",
        "terseLabel": "Interest Expense"
       }
      }
     },
     "localname": "InterestExpenseMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_InterestExpenseShortTermBorrowings": {
     "auth_ref": [
      "r596"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 1.0,
       "parentTag": "us-gaap_InterestExpense",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The aggregate interest expense incurred on short-term borrowings including commercial paper and Federal funds purchased and securities sold under agreements to repurchase.",
        "label": "Interest Expense, Short-term Borrowings",
        "negatedLabel": "Short-term debt"
       }
      }
     },
     "localname": "InterestExpenseShortTermBorrowings",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestIncomeExpenseNet": {
     "auth_ref": [
      "r592"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 1.0,
       "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The net amount of operating interest income (expense).",
        "label": "Interest Income (Expense), Net",
        "totalLabel": "Net Interest Income"
       }
      }
     },
     "localname": "InterestIncomeExpenseNet",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestIncomeOther": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 5.0,
       "parentTag": "us-gaap_InterestAndDividendIncomeOperating",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of interest income earned from interest bearing assets classified as other.",
        "label": "Interest Income, Other",
        "terseLabel": "Other interest income"
       }
      }
     },
     "localname": "InterestIncomeOther",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestIncomeSecuritiesMortgageBacked": {
     "auth_ref": [
      "r595"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 4.0,
       "parentTag": "us-gaap_InterestAndDividendIncomeOperating",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of operating interest income, including amortization and accretion of premiums and discounts, on securitized, pass-through debt securities collateralized by real estate mortgage loans.",
        "label": "Interest Income, Securities, Mortgage Backed",
        "terseLabel": "Real estate securities"
       }
      }
     },
     "localname": "InterestIncomeSecuritiesMortgageBacked",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestPaidNet": {
     "auth_ref": [
      "r103",
      "r107",
      "r115"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount.",
        "label": "Interest Paid, Excluding Capitalized Interest, Operating Activities",
        "terseLabel": "Interest"
       }
      }
     },
     "localname": "InterestPaidNet",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestPayableCurrent": {
     "auth_ref": [
      "r5",
      "r6",
      "r36"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).",
        "label": "Interest Payable, Current",
        "verboseLabel": "Accrued interest payable on short-term debt"
       }
      }
     },
     "localname": "InterestPayableCurrent",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestPayableCurrentAndNoncurrent": {
     "auth_ref": [
      "r580",
      "r624"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of interest payable on debt, including, but not limited to, trade payables.",
        "label": "Interest Payable",
        "terseLabel": "Accrued interest payable"
       }
      }
     },
     "localname": "InterestPayableCurrentAndNoncurrent",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestRateContractMember": {
     "auth_ref": [
      "r341",
      "r438"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Derivative instrument whose primary underlying risk is tied to the right to receive or pay a sum of money at a given interest rate.",
        "label": "Interest Rate Contract [Member]",
        "terseLabel": "Interest rate contract"
       }
      }
     },
     "localname": "InterestRateContractMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_InterestRateSwapMember": {
     "auth_ref": [
      "r438"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Forward based contracts in which two parties agree to swap periodic payments that are fixed at the outset of the swap contract with variable payments based on a market interest rate (index rate) over a specified period.",
        "label": "Interest Rate Swap [Member]",
        "terseLabel": "Interest rate swaps",
        "verboseLabel": "Interest rate agreements"
       }
      }
     },
     "localname": "InterestRateSwapMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails",
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_InterestRateSwaptionMember": {
     "auth_ref": [
      "r438"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "An option granting the owner the right but not the obligation to enter into an interest rate swap.",
        "label": "Interest Rate Swaption [Member]",
        "terseLabel": "Swaptions"
       }
      }
     },
     "localname": "InterestRateSwaptionMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_InterestReceivable": {
     "auth_ref": [
      "r42"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_OtherAssets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable.",
        "label": "Interest Receivable",
        "terseLabel": "Accrued interest receivable"
       }
      }
     },
     "localname": "InterestReceivable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestsContinuedToBeHeldByTransferorFairValue": {
     "auth_ref": [
      "r515"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The carrying amount (fair value) as of the balance sheet date of the transferor's interests in transferred financial assets (typically securitized receivables, generally not involved in the collection of principal) following transfer of significant portions of such financial instruments to other parties. Such interests could be ancillary cash flows and interest-only strips.",
        "label": "Transferor's Interests in Transferred Financial Assets, Fair Value",
        "terseLabel": "Fair value"
       }
      }
     },
     "localname": "InterestsContinuedToBeHeldByTransferorFairValue",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InvestmentHoldingsLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Investment Holdings [Line Items]",
        "terseLabel": "Investment Holdings [Line Items]"
       }
      }
     },
     "localname": "InvestmentHoldingsLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_InvestmentHoldingsTable": {
     "auth_ref": [
      "r659",
      "r674",
      "r683",
      "r684"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The investment holdings table is used for any listing of investments. The \"Investment [Axis]\" identifies the investment for which the line items apply. The other axes are used for categorizing the investments and creating useful subtotals. These axes cover different categorizations. The appropriate axes are expected to be used. Additional axes can be added for alternative categorizations.",
        "label": "Investment Holdings [Table]",
        "terseLabel": "Investment Holdings [Table]"
       }
      }
     },
     "localname": "InvestmentHoldingsTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value portion of investments in Federal Home Loan Bank (FHLBank) stock.",
        "label": "Investment in Federal Home Loan Bank Stock, Fair Value Disclosure",
        "terseLabel": "FHLBC stock"
       }
      }
     },
     "localname": "InvestmentInFederalHomeLoanBankStockFairValueDisclosure",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InvestmentOwnedBalancePrincipalAmount": {
     "auth_ref": [
      "r653",
      "r665"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For investments which are quantified by principal amount, the principle balance held at close of period.",
        "label": "Investment Owned, Balance, Principal Amount",
        "terseLabel": "Unpaid principal balance"
       }
      }
     },
     "localname": "InvestmentOwnedBalancePrincipalAmount",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InvestmentSecondaryCategorizationAxis": {
     "auth_ref": [
      "r662",
      "r667",
      "r671"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by second categorization of investments, which may include, but is not limited to industry.",
        "label": "Investment Secondary Categorization [Axis]",
        "terseLabel": "Investment Secondary Categorization [Axis]"
       }
      }
     },
     "localname": "InvestmentSecondaryCategorizationAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_InvestmentTypeAxis": {
     "auth_ref": [
      "r661",
      "r663",
      "r664",
      "r666",
      "r668",
      "r669",
      "r670",
      "r672",
      "r673",
      "r681",
      "r682",
      "r685",
      "r686",
      "r687",
      "r688"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of investments.",
        "label": "Investment Type [Axis]",
        "terseLabel": "Investment Type [Axis]"
       }
      }
     },
     "localname": "InvestmentTypeAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansAdditionalInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_InvestmentTypeCategorizationMember": {
     "auth_ref": [
      "r661",
      "r663",
      "r664",
      "r666",
      "r668",
      "r669",
      "r670",
      "r672",
      "r673",
      "r681",
      "r682",
      "r685",
      "r686",
      "r687",
      "r688"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Asset obtained to generate income or appreciate in value.",
        "label": "Investments [Domain]",
        "terseLabel": "Investments [Domain]"
       }
      }
     },
     "localname": "InvestmentTypeCategorizationMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_InvestmentsAllOtherInvestmentsAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Investments, All Other Investments [Abstract]",
        "terseLabel": "Investments, All Other Investments [Abstract]"
       }
      }
     },
     "localname": "InvestmentsAllOtherInvestmentsAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire  disclosure for investments and other noncurrent assets.",
        "label": "Investments and Other Noncurrent Assets [Text Block]",
        "terseLabel": "Other Investments"
       }
      }
     },
     "localname": "InvestmentsAndOtherNoncurrentAssetsTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherInvestments"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_InvestmentsBySecondaryCategorizationDomain": {
     "auth_ref": [
      "r660",
      "r662",
      "r667",
      "r671"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Investments in the \"Investment Holdings [Table]\" and the \"Summary of Investment Holdings [Table]\" are often categorized at two levels. The first categorization is the investment type. The second categorization can vary. The usual secondary categorizations are industry, country or geography.",
        "label": "Investments by Secondary Categorization [Domain]",
        "terseLabel": "Investments by Secondary Categorization [Domain]"
       }
      }
     },
     "localname": "InvestmentsBySecondaryCategorizationDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Investments, Debt and Equity Securities [Abstract]",
        "terseLabel": "Investments, Debt and Equity Securities [Abstract]"
       }
      }
     },
     "localname": "InvestmentsDebtAndEquitySecuritiesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock": {
     "auth_ref": [
      "r248",
      "r565",
      "r602",
      "r689"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for  investments in certain debt and equity securities.",
        "label": "Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]",
        "terseLabel": "Real Estate Securities"
       }
      }
     },
     "localname": "InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecurities"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock": {
     "auth_ref": [
      "r496"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.",
        "label": "Lessee, Operating Lease, Liability, Maturity [Table Text Block]",
        "terseLabel": "Future Lease Commitments by Year"
       }
      }
     },
     "localname": "LesseeOperatingLeaseLiabilityMaturityTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue": {
     "auth_ref": [
      "r496"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      },
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails_1": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease.",
        "label": "Lessee, Operating Lease, Liability, to be Paid",
        "terseLabel": "Present value of remaining lease payments",
        "totalLabel": "Total Lease Commitments"
       }
      }
     },
     "localname": "LesseeOperatingLeaseLiabilityPaymentsDue",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths": {
     "auth_ref": [
      "r496"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Lessee, Operating Lease, Liability, to be Paid, Year One",
        "terseLabel": "2022"
       }
      }
     },
     "localname": "LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive": {
     "auth_ref": [
      "r496"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails": {
       "order": 6.0,
       "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Lessee, Operating Lease, Liability, to be Paid, Year Five",
        "terseLabel": "2026 and thereafter"
       }
      }
     },
     "localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearFive",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour": {
     "auth_ref": [
      "r496"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails": {
       "order": 5.0,
       "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Lessee, Operating Lease, Liability, to be Paid, Year Four",
        "terseLabel": "2025"
       }
      }
     },
     "localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearFour",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree": {
     "auth_ref": [
      "r496"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails": {
       "order": 4.0,
       "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Lessee, Operating Lease, Liability, to be Paid, Year Three",
        "terseLabel": "2024"
       }
      }
     },
     "localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearThree",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo": {
     "auth_ref": [
      "r496"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Lessee, Operating Lease, Liability, to be Paid, Year Two",
        "terseLabel": "2023"
       }
      }
     },
     "localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearTwo",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear": {
     "auth_ref": [
      "r496"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease having initial or remaining lease term in excess of one year to be paid in remainder of current fiscal year.",
        "label": "Lessee, Operating Lease, Liability, to be Paid, Remainder of Fiscal Year",
        "terseLabel": "2021 (9 months)"
       }
      }
     },
     "localname": "LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount": {
     "auth_ref": [
      "r496"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails_1": {
       "order": 1.0,
       "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for operating lease.",
        "label": "Lessee, Operating Lease, Liability, Undiscounted Excess Amount",
        "negatedTerseLabel": "Less: Imputed interest"
       }
      }
     },
     "localname": "LesseeOperatingLeaseLiabilityUndiscountedExcessAmount",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_Liabilities": {
     "auth_ref": [
      "r35",
      "r123",
      "r197",
      "r251",
      "r406",
      "r410",
      "r411",
      "r474"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 1.0,
       "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.",
        "label": "Liabilities",
        "terseLabel": "Liabilities",
        "totalLabel": "Total liabilities"
       }
      }
     },
     "localname": "Liabilities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LiabilitiesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Liabilities [Abstract]",
        "terseLabel": "Liabilities"
       }
      }
     },
     "localname": "LiabilitiesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_LiabilitiesAndStockholdersEquity": {
     "auth_ref": [
      "r25",
      "r123",
      "r251",
      "r474",
      "r573",
      "r617"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.",
        "label": "Liabilities and Equity",
        "totalLabel": "Total Liabilities and Equity"
       }
      }
     },
     "localname": "LiabilitiesAndStockholdersEquity",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LiabilitiesAndStockholdersEquityAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Liabilities and Equity [Abstract]",
        "terseLabel": "LIABILITIES AND EQUITY"
       }
      }
     },
     "localname": "LiabilitiesAndStockholdersEquityAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_LiabilitiesFairValueDisclosureAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Liabilities, Fair Value Disclosure [Abstract]",
        "terseLabel": "Liabilities"
       }
      }
     },
     "localname": "LiabilitiesFairValueDisclosureAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_LineOfCredit": {
     "auth_ref": [
      "r14",
      "r572",
      "r607"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.",
        "label": "Long-term Line of Credit",
        "terseLabel": "Amount outstanding under credit facilities"
       }
      }
     },
     "localname": "LineOfCredit",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity": {
     "auth_ref": [
      "r33"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility.",
        "label": "Line of Credit Facility, Current Borrowing Capacity",
        "terseLabel": "Committed line of credit"
       }
      }
     },
     "localname": "LineOfCreditFacilityCurrentBorrowingCapacity",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity": {
     "auth_ref": [
      "r33"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.",
        "label": "Line of Credit Facility, Maximum Borrowing Capacity",
        "terseLabel": "Limit",
        "verboseLabel": "Limit"
       }
      }
     },
     "localname": "LineOfCreditFacilityMaximumBorrowingCapacity",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LineOfCreditMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A contractual arrangement with a lender under which borrowings can be made up to a specific amount at any point in time, and under which borrowings outstanding may be either short-term or long-term, depending upon the particulars.",
        "label": "Line of Credit [Member]",
        "terseLabel": "Facilities",
        "verboseLabel": "Short-term debt"
       }
      }
     },
     "localname": "LineOfCreditMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_LitigationReserve": {
     "auth_ref": [
      "r39",
      "r310"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Aggregate carrying amount of the estimated litigation liability for known or estimated probable loss from litigation, which may include attorneys' fees and other litigation costs.",
        "label": "Estimated Litigation Liability",
        "terseLabel": "Aggregate amount of loss contingency reserves"
       }
      }
     },
     "localname": "LitigationReserve",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LoanPurchaseCommitmentsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commitment to purchase loans from a third party.",
        "label": "Loan Purchase Commitments [Member]",
        "terseLabel": "Residential loan purchase commitments, net",
        "verboseLabel": "Single-family rental loan purchase and interest rate lock commitments"
       }
      }
     },
     "localname": "LoanPurchaseCommitmentsMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAggregateFairValueandNotionalAmountofDerivativeFinancialInstrumentsDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsPortionofNetGainsLossesAttributabletoLevel3AssetsandLiabilitiesStillHeldIncludedinNetIncomeDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_LoansHeldForSaleFairValueDisclosure": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value portion of loans held-for-sale including, but not limited to, mortgage loans and finance receivables.",
        "label": "Loans Held-for-sale, Fair Value Disclosure",
        "terseLabel": "Loans, held-for-sale"
       }
      }
     },
     "localname": "LoansHeldForSaleFairValueDisclosure",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LoansHeldForSaleMeasurementInput": {
     "auth_ref": [
      "r458"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Value of input used to measure loan, held for sale.",
        "label": "Loans Held-for-sale, Measurement Input",
        "terseLabel": "Loans held-for-sale, measurement input"
       }
      }
     },
     "localname": "LoansHeldForSaleMeasurementInput",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "decimalItemType"
    },
    "us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock": {
     "auth_ref": [
      "r221"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.",
        "label": "Loans, Notes, Trade and Other Receivables Disclosure [Text Block]",
        "netLabel": "Multifamily Loans",
        "terseLabel": "Residential Loans",
        "verboseLabel": "Business Purpose Loans"
       }
      }
     },
     "localname": "LoansNotesTradeAndOtherReceivablesDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoans",
      "http://www.redwoodtrust.com/role/MultifamilyLoans",
      "http://www.redwoodtrust.com/role/ResidentialLoans"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_LoansPledgedAsCollateral": {
     "auth_ref": [
      "r217",
      "r523"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails": {
       "order": 1.0,
       "parentTag": "rwt_ShorttermDebtPledgedasCollateral",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Loans Pledged as Collateral",
        "terseLabel": "Market value of loans pledged as collateral under short-term borrowing agreements"
       }
      }
     },
     "localname": "LoansPledgedAsCollateral",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LoansReceivableFairValueDisclosure": {
     "auth_ref": [
      "r221"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts.",
        "label": "Loans Receivable, Fair Value Disclosure",
        "verboseLabel": "Loans receivable, fair value"
       }
      }
     },
     "localname": "LoansReceivableFairValueDisclosure",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LondonInterbankOfferedRateLIBORMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest rate at which a bank borrows funds from other banks in the London interbank market.",
        "label": "London Interbank Offered Rate (LIBOR) [Member]",
        "terseLabel": "LIBOR"
       }
      }
     },
     "localname": "LondonInterbankOfferedRateLIBORMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_LongTermDebt": {
     "auth_ref": [
      "r14",
      "r327",
      "r572",
      "r613"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.",
        "label": "Long-term Debt",
        "terseLabel": "Net Carrying Value",
        "totalLabel": "Net Carrying Value"
       }
      }
     },
     "localname": "LongTermDebt",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LongTermDebtTextBlock": {
     "auth_ref": [
      "r328"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for long-term debt.",
        "label": "Long-term Debt [Text Block]",
        "terseLabel": "Long-Term Debt"
       }
      }
     },
     "localname": "LongTermDebtTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebt"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_LongtermDebtTypeAxis": {
     "auth_ref": [
      "r38"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of long-term debt.",
        "label": "Long-term Debt, Type [Axis]",
        "terseLabel": "Long-term Debt, Type [Axis]"
       }
      }
     },
     "localname": "LongtermDebtTypeAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_LongtermDebtTypeDomain": {
     "auth_ref": [
      "r38",
      "r323"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Type of long-term debt arrangement, such as notes, line of credit, commercial paper, asset-based financing, project financing, letter of credit financing. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the company, if longer.",
        "label": "Long-term Debt, Type [Domain]",
        "terseLabel": "Long-term Debt, Type [Domain]"
       }
      }
     },
     "localname": "LongtermDebtTypeDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofAccruedInterestPayableonLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_LossContingenciesByNatureOfContingencyAxis": {
     "auth_ref": [
      "r310",
      "r311",
      "r312",
      "r313",
      "r314",
      "r315",
      "r316",
      "r320",
      "r321"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more future events occur or fail to occur.",
        "label": "Loss Contingency Nature [Axis]",
        "terseLabel": "Loss Contingency Nature [Axis]"
       }
      }
     },
     "localname": "LossContingenciesByNatureOfContingencyAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_LossContingenciesLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Loss Contingencies [Line Items]",
        "terseLabel": "Loss Contingencies [Line Items]"
       }
      }
     },
     "localname": "LossContingenciesLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_LossContingenciesTable": {
     "auth_ref": [
      "r310",
      "r311",
      "r312",
      "r313",
      "r314",
      "r315",
      "r316",
      "r320",
      "r321"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Discloses the specific components (such as the nature, name, and date) of the loss contingency and gives an estimate of the possible loss or range of loss, or states that a reasonable estimate cannot be made. Excludes environmental contingencies, warranties and unconditional purchase obligations.",
        "label": "Loss Contingencies [Table]",
        "terseLabel": "Loss Contingencies [Table]"
       }
      }
     },
     "localname": "LossContingenciesTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_LossContingencyAccrualAtCarryingValue": {
     "auth_ref": [
      "r310"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of loss contingency liability.",
        "label": "Loss Contingency Accrual",
        "terseLabel": "Aggregate amount of accrual"
       }
      }
     },
     "localname": "LossContingencyAccrualAtCarryingValue",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LossContingencyNatureDomain": {
     "auth_ref": [
      "r310",
      "r311",
      "r312",
      "r313",
      "r314",
      "r315",
      "r316",
      "r320",
      "r321"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "An existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more future events occur or fail to occur. Resolution of the uncertainty may confirm the incurrence of a loss or impairment of an asset or the incurrence of a liability.",
        "label": "Loss Contingency, Nature [Domain]",
        "terseLabel": "Loss Contingency, Nature [Domain]"
       }
      }
     },
     "localname": "LossContingencyNatureDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_MarginDepositAssets": {
     "auth_ref": [
      "r43"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_OtherAssets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The amount of cash or securities placed with a broker or counterparty as security for a trading or derivatives securities position which was partially obtained with funds provided by the broker dealer.",
        "label": "Margin Deposit Assets",
        "terseLabel": "Margin receivable"
       }
      }
     },
     "localname": "MarginDepositAssets",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_MarketableSecurities": {
     "auth_ref": [
      "r583"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 2.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      },
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of investment in marketable security.",
        "label": "Marketable Securities",
        "terseLabel": "Real estate securities",
        "totalLabel": "Total Real Estate Securities",
        "verboseLabel": "Real estate securities, at fair value"
       }
      }
     },
     "localname": "MarketableSecurities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_Maturity30To90DaysMember": {
     "auth_ref": [
      "r128"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Maturity period that is more than 29 days but fewer than 91 days from the reporting date for repurchase agreements and similar transactions, for example, but not limited to, securities lending arrangements.",
        "label": "Maturity 30 to 90 Days [Member]",
        "terseLabel": "31 to 90 days"
       }
      }
     },
     "localname": "Maturity30To90DaysMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_MaturityOver90DaysMember": {
     "auth_ref": [
      "r128"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Maturity period of over 90 days from the reporting date for repurchase agreements and similar transactions, for example, but not limited to, securities lending arrangements.",
        "label": "Maturity Greater than 90 Days [Member]",
        "terseLabel": "Over 90 days"
       }
      }
     },
     "localname": "MaturityOver90DaysMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_MaturityUpTo30DaysMember": {
     "auth_ref": [
      "r128"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Maturity period of up to 30 days from the reporting date for repurchase agreements and similar transactions, for example, but not limited to, securities lending arrangements.",
        "label": "Maturity Less than 30 Days [Member]",
        "terseLabel": "Within 30 days"
       }
      }
     },
     "localname": "MaturityUpTo30DaysMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_MeasurementInputDefaultRateMember": {
     "auth_ref": [
      "r456"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement input using likelihood loan will not be repaid as proportion of outstanding loan.",
        "label": "Measurement Input, Default Rate [Member]",
        "terseLabel": "Default rate"
       }
      }
     },
     "localname": "MeasurementInputDefaultRateMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_MeasurementInputDiscountRateMember": {
     "auth_ref": [
      "r456"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement input using interest rate to determine present value of future cash flows.",
        "label": "Measurement Input, Discount Rate [Member]",
        "terseLabel": "Discount rate"
       }
      }
     },
     "localname": "MeasurementInputDiscountRateMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_MeasurementInputLossSeverityMember": {
     "auth_ref": [
      "r456"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement input using loss, including, but not limited to, interest and write-down of principal, incurred on defaulted security as proportion of principal balance.",
        "label": "Measurement Input, Loss Severity [Member]",
        "terseLabel": "Loss severity"
       }
      }
     },
     "localname": "MeasurementInputLossSeverityMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_MeasurementInputPrepaymentRateMember": {
     "auth_ref": [
      "r456"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement input using principal prepayment at other than constant rate as proportion of outstanding loan principal.",
        "label": "Measurement Input, Prepayment Rate [Member]",
        "terseLabel": "Prepayment rate (annual CPR)"
       }
      }
     },
     "localname": "MeasurementInputPrepaymentRateMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_MeasurementInputTypeAxis": {
     "auth_ref": [
      "r456"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of measurement input used to determine value of asset and liability.",
        "label": "Measurement Input Type [Axis]",
        "terseLabel": "Measurement Input Type [Axis]"
       }
      }
     },
     "localname": "MeasurementInputTypeAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_MeasurementInputTypeDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measurement input used to determine value of asset and liability.",
        "label": "Measurement Input Type [Domain]",
        "terseLabel": "Measurement Input Type [Domain]"
       }
      }
     },
     "localname": "MeasurementInputTypeDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_MinorityInterestInLimitedPartnerships": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying amount of the equity interests owned by noncontrolling partners of a limited partnership included in the entity's consolidated financial statements.",
        "label": "Noncontrolling Interest in Limited Partnerships",
        "terseLabel": "Payable to minority partner"
       }
      }
     },
     "localname": "MinorityInterestInLimitedPartnerships",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_MortgageBankingAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Mortgage Banking [Abstract]",
        "terseLabel": "Mortgage Banking [Abstract]"
       }
      }
     },
     "localname": "MortgageBankingAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease": {
     "auth_ref": [
      "r691"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Period Increase (Decrease)",
        "terseLabel": "Net market valuation gain (loss)"
       }
      }
     },
     "localname": "MortgageLoansOnRealEstatePeriodIncreaseDecrease",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_NatureOfOperations": {
     "auth_ref": [
      "r167",
      "r175"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for the nature of an entity's business, major products or services, principal markets including location, and the relative importance of its operations in each business and the basis for the determination, including but not limited to, assets, revenues, or earnings. For an entity that has not commenced principal operations, disclosures about the risks and uncertainties related to the activities in which the entity is currently engaged and an understanding of what those activities are being directed toward.",
        "label": "Nature of Operations [Text Block]",
        "terseLabel": "Organization"
       }
      }
     },
     "localname": "NatureOfOperations",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/Organization"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_NetCashProvidedByUsedInFinancingActivities": {
     "auth_ref": [
      "r106"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 3.0,
       "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.",
        "label": "Net Cash Provided by (Used in) Financing Activities",
        "totalLabel": "Net cash provided by (used in) financing activities"
       }
      }
     },
     "localname": "NetCashProvidedByUsedInFinancingActivities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Net Cash Provided by (Used in) Financing Activities [Abstract]",
        "terseLabel": "Cash Flows From Financing Activities:"
       }
      }
     },
     "localname": "NetCashProvidedByUsedInFinancingActivitiesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_NetCashProvidedByUsedInInvestingActivities": {
     "auth_ref": [
      "r106"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 2.0,
       "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.",
        "label": "Net Cash Provided by (Used in) Investing Activities",
        "totalLabel": "Net cash provided by investing activities"
       }
      }
     },
     "localname": "NetCashProvidedByUsedInInvestingActivities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Net Cash Provided by (Used in) Investing Activities [Abstract]",
        "terseLabel": "Cash Flows From Investing Activities:"
       }
      }
     },
     "localname": "NetCashProvidedByUsedInInvestingActivitiesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_NetCashProvidedByUsedInOperatingActivities": {
     "auth_ref": [
      "r106",
      "r110",
      "r113"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 1.0,
       "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect",
       "weight": 1.0
      }
     },
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.",
        "label": "Net Cash Provided by (Used in) Operating Activities",
        "totalLabel": "Net cash used in operating activities"
       }
      }
     },
     "localname": "NetCashProvidedByUsedInOperatingActivities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Net Cash Provided by (Used in) Operating Activities [Abstract]",
        "terseLabel": "Cash Flows From Operating Activities:"
       }
      }
     },
     "localname": "NetCashProvidedByUsedInOperatingActivitiesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_NetIncomeLoss": {
     "auth_ref": [
      "r1",
      "r66",
      "r69",
      "r74",
      "r113",
      "r123",
      "r135",
      "r137",
      "r138",
      "r139",
      "r140",
      "r144",
      "r145",
      "r155",
      "r189",
      "r195",
      "r199",
      "r202",
      "r205",
      "r251",
      "r474",
      "r586",
      "r627"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 1.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS": {
       "order": 1.0,
       "parentTag": "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      },
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.",
        "label": "Net Income (Loss) Attributable to Parent",
        "terseLabel": "Net Income (Loss)",
        "totalLabel": "Net Income (Loss)",
        "verboseLabel": "Net income (loss) attributable to Redwood"
       }
      }
     },
     "localname": "NetIncomeLoss",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic": {
     "auth_ref": [
      "r137",
      "r138",
      "r139",
      "r140",
      "r146",
      "r147",
      "r156",
      "r159",
      "r189",
      "r195",
      "r199",
      "r202",
      "r205"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.",
        "label": "Net Income (Loss) Available to Common Stockholders, Basic",
        "totalLabel": "Net income (loss) allocated to common shareholders"
       }
      }
     },
     "localname": "NetIncomeLossAvailableToCommonStockholdersBasic",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted": {
     "auth_ref": [
      "r148",
      "r156",
      "r159"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.",
        "label": "Net Income (Loss) Available to Common Stockholders, Diluted",
        "totalLabel": "Net income (loss) allocated to common shareholders"
       }
      }
     },
     "localname": "NetIncomeLossAvailableToCommonStockholdersDiluted",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.",
        "label": "New Accounting Pronouncements, Policy [Policy Text Block]",
        "terseLabel": "Recent Accounting Pronouncements"
       }
      }
     },
     "localname": "NewAccountingPronouncementsPolicyPolicyTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_NoncashInvestingAndFinancingItemsAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Noncash Investing and Financing Items [Abstract]",
        "terseLabel": "Supplemental Noncash Information:"
       }
      }
     },
     "localname": "NoncashInvestingAndFinancingItemsAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_NoncompeteAgreementsMember": {
     "auth_ref": [
      "r397"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Agreement in which one party agrees not to pursue a similar trade in competition with another party.",
        "label": "Noncompete Agreements [Member]",
        "terseLabel": "Noncompete Agreements [Member]"
       }
      }
     },
     "localname": "NoncompeteAgreementsMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_NoninterestIncome": {
     "auth_ref": [
      "r594"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 2.0,
       "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified.",
        "label": "Noninterest Income",
        "totalLabel": "Total non-interest income (loss), net"
       }
      }
     },
     "localname": "NoninterestIncome",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_NoninterestIncomeAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Noninterest Income [Abstract]",
        "terseLabel": "Non-interest Income (Loss)"
       }
      }
     },
     "localname": "NoninterestIncomeAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_NotesReceivableNet": {
     "auth_ref": [
      "r19",
      "r212",
      "r260"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 1.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, after allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement.",
        "label": "Financing Receivable, after Allowance for Credit Loss",
        "terseLabel": "Fair value of loans"
       }
      }
     },
     "localname": "NotesReceivableNet",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_NumberOfOperatingSegments": {
     "auth_ref": [
      "r177"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues.",
        "label": "Number of Operating Segments",
        "terseLabel": "Number of operating segments"
       }
      }
     },
     "localname": "NumberOfOperatingSegments",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OrganizationDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationAdditionalInformationDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "us-gaap_NumberOfRealEstateProperties": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The number of real estate properties owned as of the balance sheet date.",
        "label": "Number of Real Estate Properties",
        "terseLabel": "Number of REO properties recorded on balance sheet"
       }
      }
     },
     "localname": "NumberOfRealEstateProperties",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "us-gaap_OperatingCostsAndExpenses": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_OperatingExpenses",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense.",
        "label": "Operating Costs and Expenses",
        "totalLabel": "Total Other Expenses"
       }
      }
     },
     "localname": "OperatingCostsAndExpenses",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OperatingExpenses": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.",
        "label": "Operating Expenses",
        "totalLabel": "Total General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses"
       }
      }
     },
     "localname": "OperatingExpenses",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OperatingLeaseCost": {
     "auth_ref": [
      "r492",
      "r497"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability.",
        "label": "Operating Lease, Cost",
        "terseLabel": "Operating lease expense"
       }
      }
     },
     "localname": "OperatingLeaseCost",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OperatingLeaseLiability": {
     "auth_ref": [
      "r490"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails_1": {
       "order": 2.0,
       "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 4.0,
       "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Present value of lessee's discounted obligation for lease payments from operating lease.",
        "label": "Operating Lease, Liability",
        "terseLabel": "Operating lease liabilities"
       }
      }
     },
     "localname": "OperatingLeaseLiability",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesFutureLeaseCommitmentsDetails",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList": {
     "auth_ref": [
      "r491"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicates line item in statement of financial position that includes operating lease liability.",
        "label": "Operating Lease, Liability, Statement of Financial Position [Extensible List]",
        "terseLabel": "Operating lease liability, statement of financial position [Extensible List]"
       }
      }
     },
     "localname": "OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "extensibleListItemType"
    },
    "us-gaap_OperatingLeaseRightOfUseAsset": {
     "auth_ref": [
      "r489"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails": {
       "order": 5.0,
       "parentTag": "us-gaap_OtherAssets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of lessee's right to use underlying asset under operating lease.",
        "label": "Operating Lease, Right-of-Use Asset",
        "terseLabel": "Operating lease right-of-use assets"
       }
      }
     },
     "localname": "OperatingLeaseRightOfUseAsset",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList": {
     "auth_ref": [
      "r491"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicates line item in statement of financial position that includes operating lease right-of-use asset.",
        "label": "Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]",
        "terseLabel": "Operating lease right-of-use asset, statement of financial position [Extensible List]"
       }
      }
     },
     "localname": "OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "extensibleListItemType"
    },
    "us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent": {
     "auth_ref": [
      "r495",
      "r497"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Weighted average discount rate for operating lease calculated at point in time.",
        "label": "Operating Lease, Weighted Average Discount Rate, Percent",
        "terseLabel": "Discount rate"
       }
      }
     },
     "localname": "OperatingLeaseWeightedAverageDiscountRatePercent",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1": {
     "auth_ref": [
      "r494",
      "r497"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.",
        "label": "Operating Lease, Weighted Average Remaining Lease Term",
        "terseLabel": "Weighted average remaining lease term"
       }
      }
     },
     "localname": "OperatingLeaseWeightedAverageRemainingLeaseTerm1",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "us-gaap_OperatingSegmentsMember": {
     "auth_ref": [
      "r194",
      "r195",
      "r196",
      "r197",
      "r199",
      "r205"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Identifies components of an entity that engage in business activities from which they may earn revenue and incur expenses, including transactions with other components of the same entity.",
        "label": "Operating Segments [Member]",
        "terseLabel": "Operating Segments"
       }
      }
     },
     "localname": "OperatingSegmentsMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_OptionIndexedToIssuersEquityEquityAxis": {
     "auth_ref": [
      "r329",
      "r448",
      "r449",
      "r450"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of options indexed to an issuer's equity.",
        "label": "Option Indexed to Issuer's Equity [Axis]",
        "terseLabel": "Option Indexed to Issuer's Equity [Axis]"
       }
      }
     },
     "localname": "OptionIndexedToIssuersEquityEquityAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_OptionIndexedToIssuersEquityTypeDomain": {
     "auth_ref": [
      "r451"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Description of the type of freestanding contract issued by a Company that is indexed to, and potentially settled in, a Company's own stock. Specifically, the pertinent rights and privileges of the securities outstanding.",
        "label": "Option Indexed to Issuer's Equity, Type [Domain]",
        "terseLabel": "Option Indexed to Issuer's Equity, Type [Domain]"
       }
      }
     },
     "localname": "OptionIndexedToIssuersEquityTypeDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Organization, Consolidation and Presentation of Financial Statements [Abstract]",
        "terseLabel": "Organization, Consolidation and Presentation of Financial Statements [Abstract]"
       }
      }
     },
     "localname": "OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock": {
     "auth_ref": [
      "r3",
      "r422"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.",
        "label": "Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]",
        "terseLabel": "Basis of Presentation"
       }
      }
     },
     "localname": "OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentation"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_OtherAssets": {
     "auth_ref": [
      "r10",
      "r567",
      "r608"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 8.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of assets classified as other.",
        "label": "Other Assets",
        "terseLabel": "Other assets",
        "totalLabel": "Total Other Assets"
       }
      }
     },
     "localname": "OtherAssets",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherAssetsFairValueDisclosure": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value portion of other assets.",
        "label": "Other Assets, Fair Value Disclosure",
        "terseLabel": "REO"
       }
      }
     },
     "localname": "OtherAssetsFairValueDisclosure",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonNonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherAssetsMiscellaneous": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails": {
       "order": 9.0,
       "parentTag": "us-gaap_OtherAssets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of other miscellaneous assets.",
        "label": "Other Assets, Miscellaneous",
        "terseLabel": "Other"
       }
      }
     },
     "localname": "OtherAssetsMiscellaneous",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherCommitment": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Minimum amount of other commitment not otherwise specified in the taxonomy. Excludes commitments explicitly modeled in the taxonomy, including but not limited to, long-term and short-term purchase commitments, recorded and unrecorded purchase obligations, supply commitments, registration payment arrangements, leases, debt, product warranties, guarantees, environmental remediation obligations, and pensions.",
        "label": "Other Commitment",
        "terseLabel": "Commitment to fund loan",
        "verboseLabel": "Commitments to fund temporary advances"
       }
      }
     },
     "localname": "OtherCommitment",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherCommitmentsAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of other commitment.",
        "label": "Other Commitments [Axis]",
        "terseLabel": "Other Commitments [Axis]"
       }
      }
     },
     "localname": "OtherCommitmentsAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_OtherCommitmentsDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Other future obligation.",
        "label": "Other Commitments [Domain]",
        "terseLabel": "Other Commitments [Domain]"
       }
      }
     },
     "localname": "OtherCommitmentsDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax": {
     "auth_ref": [
      "r62",
      "r71",
      "r477",
      "r479",
      "r483"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_OtherComprehensiveIncomeLossNetOfTax",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount after tax, before reclassification adjustments of other comprehensive income (loss).",
        "label": "Other Comprehensive Income (Loss), before Reclassifications, Net of Tax",
        "terseLabel": "Other comprehensive income (loss) before reclassifications"
       }
      }
     },
     "localname": "OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent": {
     "auth_ref": [
      "r60"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_InterestExpense",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, after tax and reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness, attributable to parent.",
        "label": "Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Parent",
        "verboseLabel": "Realized net losses reclassified from other comprehensive income"
       }
      }
     },
     "localname": "OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsImpactonInterestExpenseofInterestRateAgreementsAccountedforasCashFlowHedgesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax": {
     "auth_ref": [
      "r55",
      "r60"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS": {
       "order": 3.0,
       "parentTag": "us-gaap_OtherComprehensiveIncomeLossNetOfTax",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, after tax and before reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness.",
        "label": "Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax",
        "terseLabel": "Net unrealized loss on interest rate agreements"
       }
      }
     },
     "localname": "OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax": {
     "auth_ref": [
      "r60",
      "r63"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS": {
       "order": 4.0,
       "parentTag": "us-gaap_OtherComprehensiveIncomeLossNetOfTax",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, after tax, of reclassification of gain (loss) from accumulated other comprehensive income (AOCI) for derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness.",
        "label": "Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax",
        "negatedTerseLabel": "Reclassification of unrealized loss on interest rate agreements to net income"
       }
      }
     },
     "localname": "OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherComprehensiveIncomeLossNetOfTax": {
     "auth_ref": [
      "r67",
      "r70",
      "r71",
      "r75",
      "r330",
      "r477",
      "r482",
      "r483",
      "r587",
      "r628"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS": {
       "order": 2.0,
       "parentTag": "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount after tax and reclassification adjustments of other comprehensive income (loss).",
        "label": "Other Comprehensive Income (Loss), Net of Tax",
        "terseLabel": "Other comprehensive income (loss)",
        "totalLabel": "Total other comprehensive income (loss)"
       }
      }
     },
     "localname": "OtherComprehensiveIncomeLossNetOfTax",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS",
      "http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Comprehensive Income (Loss), Net of Tax [Abstract]",
        "terseLabel": "Other comprehensive income (loss):"
       }
      }
     },
     "localname": "OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax": {
     "auth_ref": [
      "r60",
      "r63",
      "r64",
      "r247"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS": {
       "order": 2.0,
       "parentTag": "us-gaap_OtherComprehensiveIncomeLossNetOfTax",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount after tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities.",
        "label": "Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax",
        "negatedLabel": "Reclassification of unrealized gain on available-for-sale securities to net income"
       }
      }
     },
     "localname": "OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax": {
     "auth_ref": [
      "r56",
      "r60"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS": {
       "order": 1.0,
       "parentTag": "us-gaap_OtherComprehensiveIncomeLossNetOfTax",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, after tax and before adjustment, of unrealized holding gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Excludes unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale.",
        "label": "OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax",
        "terseLabel": "Net unrealized gain (loss) on available-for-sale securities"
       }
      }
     },
     "localname": "OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherCostAndExpenseOperating": {
     "auth_ref": [
      "r81"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_OperatingCostsAndExpenses",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation.",
        "label": "Other Cost and Expense, Operating",
        "terseLabel": "Other"
       }
      }
     },
     "localname": "OtherCostAndExpenseOperating",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherExpenses": {
     "auth_ref": [
      "r83",
      "r637"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 4.0,
       "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of expense classified as other.",
        "label": "Other Expenses",
        "negatedTerseLabel": "Other expenses"
       }
      }
     },
     "localname": "OtherExpenses",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherGeneralAndAdministrativeExpense": {
     "auth_ref": [
      "r82"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 9.0,
       "parentTag": "us-gaap_GeneralAndAdministrativeExpense",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of general and administrative expense classified as other.",
        "label": "Other General and Administrative Expense",
        "terseLabel": "Other"
       }
      }
     },
     "localname": "OtherGeneralAndAdministrativeExpense",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherGeneralExpense": {
     "auth_ref": [
      "r84"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 8.0,
       "parentTag": "us-gaap_GeneralAndAdministrativeExpense",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of general expenses not normally included in Other Operating Costs and Expenses.",
        "label": "Other General Expense",
        "terseLabel": "Corporate costs"
       }
      }
     },
     "localname": "OtherGeneralExpense",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherIncome": {
     "auth_ref": [
      "r636"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 3.0,
       "parentTag": "us-gaap_NoninterestIncome",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails": {
       "order": 3.0,
       "parentTag": "rwt_MortgageBankingActivitiesNet",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/OtherIncomeDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of revenue and income classified as other.",
        "label": "Other Income",
        "terseLabel": "Other income, net",
        "totalLabel": "Other income, net"
       }
      }
     },
     "localname": "OtherIncome",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails",
      "http://www.redwoodtrust.com/role/OtherIncomeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherIncomeAndExpensesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Income and Expenses [Abstract]",
        "terseLabel": "Other Income and Expenses [Abstract]"
       }
      }
     },
     "localname": "OtherIncomeAndExpensesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock": {
     "auth_ref": [
      "r337",
      "r376"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions.",
        "label": "Other Income and Other Expense Disclosure [Text Block]",
        "terseLabel": "General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses"
       }
      }
     },
     "localname": "OtherIncomeAndOtherExpenseDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpenses"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_OtherIncomeMember": {
     "auth_ref": [
      "r442"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Primary financial statement caption encompassing other revenue.",
        "label": "Other Income [Member]",
        "terseLabel": "Other income"
       }
      }
     },
     "localname": "OtherIncomeMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_OtherInvestments": {
     "auth_ref": [
      "r28",
      "r623"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 3.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      },
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of investments classified as other.",
        "label": "Other Investments",
        "terseLabel": "Other investments",
        "totalLabel": "Other Investments"
       }
      }
     },
     "localname": "OtherInvestments",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherInvestmentsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Primary financial statement caption encompassing other investments.",
        "label": "Other Investments [Member]",
        "terseLabel": "Other investments"
       }
      }
     },
     "localname": "OtherInvestmentsMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_OtherLongTermDebt": {
     "auth_ref": [
      "r14",
      "r572",
      "r613"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 5.0,
       "parentTag": "us-gaap_Liabilities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of long-term debt classified as other.",
        "label": "Other Long-term Debt",
        "terseLabel": "Long-term debt, net"
       }
      }
     },
     "localname": "OtherLongTermDebt",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherNonoperatingIncomeExpense": {
     "auth_ref": [
      "r88"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherIncomeDetails": {
       "order": 5.0,
       "parentTag": "us-gaap_OtherIncome",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of income (expense) related to nonoperating activities, classified as other.",
        "label": "Other Nonoperating Income (Expense)",
        "terseLabel": "Other",
        "verboseLabel": "Other"
       }
      }
     },
     "localname": "OtherNonoperatingIncomeExpense",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherIncomeDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherNonrecurringIncomeExpense": {
     "auth_ref": [
      "r89"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of other expense (income) that is infrequent in occurrence or unusual in nature.",
        "label": "Other Nonrecurring (Income) Expense",
        "terseLabel": "Other expenses"
       }
      }
     },
     "localname": "OtherNonrecurringIncomeExpense",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherOperatingIncomeExpenseNet": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_NoninterestIncome",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations.",
        "label": "Other Operating Income (Expense), Net",
        "terseLabel": "Other income, net"
       }
      }
     },
     "localname": "OtherOperatingIncomeExpenseNet",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherRealEstate": {
     "auth_ref": [
      "r577"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying amount of other real estate not separately disclosed, including, but not limited to, real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. This does not include real estate assets taken in settlement of troubled loans through surrender or foreclosure.",
        "label": "Other Real Estate",
        "terseLabel": "REO"
       }
      }
     },
     "localname": "OtherRealEstate",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherRealEstateOwnedMeasurementInput": {
     "auth_ref": [
      "r458"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Value of input used to measure real estate owned by financial institution by financial institution which is not directly related to its business.",
        "label": "Other Real Estate Owned, Measurement Input",
        "terseLabel": "REO, measurement input"
       }
      }
     },
     "localname": "OtherRealEstateOwnedMeasurementInput",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "decimalItemType"
    },
    "us-gaap_OtherRealEstateRollForward": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.",
        "label": "Other Real Estate [Roll Forward]",
        "terseLabel": "Other Real Estate [Roll Forward]"
       }
      }
     },
     "localname": "OtherRealEstateRollForward",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_OtherRealEstateRollForwardTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the change in other real estate on properties owned. Excludes real estate assets taken in settlement of troubled loans through surrender or foreclosure by banks.",
        "label": "Other Real Estate, Roll Forward [Table Text Block]",
        "terseLabel": "Other Real Estate"
       }
      }
     },
     "localname": "OtherRealEstateRollForwardTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic": {
     "auth_ref": [
      "r154",
      "r156"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of earnings (loss) distributed and earnings (loss) allocated to participating securities for the basic earnings (loss) per share or per unit calculation under the two-class method.",
        "label": "Participating Securities, Distributed and Undistributed Earnings (Loss), Basic",
        "negatedLabel": "Less: Dividends and undistributed earnings allocated to participating securities"
       }
      }
     },
     "localname": "ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted": {
     "auth_ref": [
      "r156"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of earnings (loss) distributed and earnings (loss) allocated to participating securities for the diluted earnings (loss) per share or per unit calculation under the two-class method.",
        "label": "Participating Securities, Distributed and Undistributed Earnings (Loss), Diluted",
        "negatedLabel": "Less: Dividends and undistributed earnings allocated to participating securities"
       }
      }
     },
     "localname": "ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentForContingentConsiderationLiabilityFinancingActivities": {
     "auth_ref": [
      "r100"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash outflow, not made soon after acquisition date of business combination, to settle contingent consideration liability up to amount recognized at acquisition date, including, but not limited to, measurement period adjustment and less amount paid soon after acquisition date.",
        "label": "Payment for Contingent Consideration Liability, Financing Activities",
        "terseLabel": "Cash payment for contingent consideration liability"
       }
      }
     },
     "localname": "PaymentForContingentConsiderationLiabilityFinancingActivities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale": {
     "auth_ref": [
      "r105",
      "r109"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 4.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The amount of cash paid for the origination of mortgages that are held for sale.",
        "label": "Payments for Origination of Mortgage Loans Held-for-sale",
        "negatedTerseLabel": "Originations of held-for-sale loans"
       }
      }
     },
     "localname": "PaymentsForOriginationOfMortgageLoansHeldForSale",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities": {
     "auth_ref": [
      "r129"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 7.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The net cash outflow or inflow from derivative instruments during the period, which are classified as financing activities, excluding those designated as hedging instruments.",
        "label": "Payments for (Proceeds from) Derivative Instrument, Financing Activities",
        "negatedTerseLabel": "Net settlements of derivatives"
       }
      }
     },
     "localname": "PaymentsForProceedsFromDerivativeInstrumentFinancingActivities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsForProceedsFromOtherInvestingActivities": {
     "auth_ref": [
      "r92",
      "r94",
      "r129"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 10.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash (inflow) outflow from investing activities classified as other.",
        "label": "Payments for (Proceeds from) Other Investing Activities",
        "negatedTerseLabel": "Other investing activities, net"
       }
      }
     },
     "localname": "PaymentsForProceedsFromOtherInvestingActivities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsOfDividends": {
     "auth_ref": [
      "r98"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 10.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests.",
        "label": "Payments of Dividends",
        "negatedLabel": "Dividends paid"
       }
      }
     },
     "localname": "PaymentsOfDividends",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation": {
     "auth_ref": [
      "r98"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 9.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash outflow to satisfy grantee's tax withholding obligation for award under share-based payment arrangement.",
        "label": "Payment, Tax Withholding, Share-based Payment Arrangement",
        "negatedTerseLabel": "Taxes paid on equity award distributions"
       }
      }
     },
     "localname": "PaymentsRelatedToTaxWithholdingForShareBasedCompensation",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt": {
     "auth_ref": [
      "r90",
      "r93",
      "r225"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash outflow to acquire investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).",
        "label": "Payments to Acquire Debt Securities, Available-for-sale",
        "terseLabel": "Fair value of securities acquired"
       }
      }
     },
     "localname": "PaymentsToAcquireAvailableForSaleSecuritiesDebt",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsToAcquireInvestments": {
     "auth_ref": [
      "r94"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash outflow associated with the purchase of all investments (debt, security, other) during the period.",
        "label": "Payments to Acquire Investments",
        "terseLabel": "Payments to acquire investments"
       }
      }
     },
     "localname": "PaymentsToAcquireInvestments",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsToAcquireMarketableSecurities": {
     "auth_ref": [
      "r225"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 5.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash outflow for purchase of marketable security.",
        "label": "Payments to Acquire Marketable Securities",
        "negatedLabel": "Purchases of real estate securities"
       }
      }
     },
     "localname": "PaymentsToAcquireMarketableSecurities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment": {
     "auth_ref": [
      "r94"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash outflow to acquire securities classified as trading securities and held for investment purposes. Excludes payments for trading securities purchased and held principally for the purpose of selling them in the near term (thus held for only a short period of time).",
        "label": "Payments to Acquire Trading Securities Held-for-investment",
        "terseLabel": "Principal balance of securities acquired"
       }
      }
     },
     "localname": "PaymentsToAcquireTradingSecuritiesHeldforinvestment",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsToPurchaseLoansHeldForSale": {
     "auth_ref": [
      "r105"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 5.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The aggregate cash outflow used to purchase all loans that are held with the intention to resell in the near future.",
        "label": "Payments to Purchase Loans Held-for-sale",
        "negatedLabel": "Purchases of held-for-sale loans",
        "terseLabel": "Purchases of held-for-sale loans"
       }
      }
     },
     "localname": "PaymentsToPurchaseLoansHeldForSale",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PerformanceSharesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Share-based payment arrangement awarded for meeting performance target.",
        "label": "Performance Shares [Member]",
        "terseLabel": "Performance Stock Units"
       }
      }
     },
     "localname": "PerformanceSharesMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_PlanNameAxis": {
     "auth_ref": [
      "r357",
      "r367"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by plan name for share-based payment arrangement.",
        "label": "Plan Name [Axis]",
        "terseLabel": "Plan Name [Axis]"
       }
      }
     },
     "localname": "PlanNameAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_PlanNameDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Plan name for share-based payment arrangement.",
        "label": "Plan Name [Domain]",
        "terseLabel": "Plan Name [Domain]"
       }
      }
     },
     "localname": "PlanNameDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue": {
     "auth_ref": [
      "r523"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails": {
       "order": 8.0,
       "parentTag": "us-gaap_OtherAssets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The fair value, as of the date of each statement of financial position presented, of other assets which are owned but transferred to serve as collateral for the payment of the related debt obligation, and that are reclassified and separately reported in the statement of financial position because the transferee has the right by contract or custom to sell or re-pledge them.",
        "label": "Pledged Assets Separately Reported, Other Assets Pledged as Collateral, at Fair Value",
        "terseLabel": "Pledged collateral"
       }
      }
     },
     "localname": "PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue": {
     "auth_ref": [
      "r523"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails": {
       "order": 2.0,
       "parentTag": "rwt_ShorttermDebtPledgedasCollateral",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The sum of the fair values, as of the date of each statement of financial position presented, of securities that are restricted as collateral for the payment of related debt obligations, primarily secured borrowings and repurchase agreements, and that are reclassified and separately reported in the statement of financial position because the transferee has the right by contract or custom to sell or re-pledge them.",
        "label": "Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value",
        "totalLabel": "Total real estate securities owned"
       }
      }
     },
     "localname": "PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PortionAtFairValueFairValueDisclosureMember": {
     "auth_ref": [
      "r469"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Measured at fair value for financial reporting purposes.",
        "label": "Portion at Fair Value Measurement [Member]",
        "terseLabel": "Portion at Fair Value Measurement"
       }
      }
     },
     "localname": "PortionAtFairValueFairValueDisclosureMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_PriceRiskDerivativeMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Derivative instrument whose primary underlying is tied to price risk.",
        "label": "Price Risk Derivative [Member]",
        "terseLabel": "Risk management derivatives, net",
        "verboseLabel": "Risk management derivatives"
       }
      }
     },
     "localname": "PriceRiskDerivativeMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsMarketValuationAdjustmentsNetDetails",
      "http://www.redwoodtrust.com/role/MortgageBankingActivitiesNetComponentsofMortgageBankingActivitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized": {
     "auth_ref": [
      "r513"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This is the sum of principal amount outstanding for both securitized and unsecuritized loans of all types.",
        "label": "Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement",
        "terseLabel": "Unpaid principal balance",
        "verboseLabel": "Loan principal"
       }
      }
     },
     "localname": "PrincipalAmountOutstandingOnLoansManagedAndSecuritized",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofLoansHeldforInvestmentDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansCharacteristicsofResidentialLoansHeldforSaleDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PrincipalInvestmentGainsLosses": {
     "auth_ref": [
      "r593",
      "r634"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of realized and unrealized gain (loss), from the firm's direct investment activity, conducted separately from customer trading activities, and includes, but is not limited to, investments in private equity, alternative investment products, real estate, and exchanges and memberships.",
        "label": "Principal Investment Gain (Loss)",
        "terseLabel": "Unrealized gain (loss) resulting from market valuation adjustments on REO"
       }
      }
     },
     "localname": "PrincipalInvestmentGainsLosses",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromCollectionOfFinanceReceivables": {
     "auth_ref": [
      "r91"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 4.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow associated with the collection of receivables arising from the financing of goods and services.",
        "label": "Proceeds from Collection of Finance Receivables",
        "terseLabel": "Principal payments on loan investments"
       }
      }
     },
     "localname": "ProceedsFromCollectionOfFinanceReceivables",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromCollectionOfLoansHeldForSale": {
     "auth_ref": [
      "r102",
      "r105"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 7.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow from collection of repayments from borrowers on loans that are held with the intention to resell in the near future; includes mortgages and other types of loans.",
        "label": "Proceeds from Collection of Loans Held-for-sale",
        "terseLabel": "Principal payments on held-for-sale loans"
       }
      }
     },
     "localname": "ProceedsFromCollectionOfLoansHeldForSale",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables": {
     "auth_ref": [
      "r91"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 1.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash inflow from collection on beneficial interest in securitization of receivables.",
        "label": "Proceeds from Collection of Retained Interest in Securitized Receivables",
        "terseLabel": "Sales of securities held in consolidated securitization trusts"
       }
      }
     },
     "localname": "ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromIssuanceOfCommonStock": {
     "auth_ref": [
      "r95"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 8.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow from the additional capital contribution to the entity.",
        "label": "Proceeds from Issuance of Common Stock",
        "terseLabel": "Net proceeds from issuance of common stock"
       }
      }
     },
     "localname": "ProceedsFromIssuanceOfCommonStock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromIssuanceOfSecuredDebt": {
     "auth_ref": [
      "r96"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 3.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt.",
        "label": "Proceeds from Issuance of Secured Debt",
        "terseLabel": "Proceeds from issuance of asset-backed securities"
       }
      }
     },
     "localname": "ProceedsFromIssuanceOfSecuredDebt",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromOtherDebt": {
     "auth_ref": [
      "r96"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 5.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash inflow from debt classified as other.",
        "label": "Proceeds from Other Debt",
        "terseLabel": "Proceeds from borrowings on long-term debt"
       }
      }
     },
     "localname": "ProceedsFromOtherDebt",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromPaymentsForOtherFinancingActivities": {
     "auth_ref": [
      "r97",
      "r101",
      "r129"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 11.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash inflow (outflow) from financing activities classified as other.",
        "label": "Proceeds from (Payments for) Other Financing Activities",
        "terseLabel": "Other financing activities, net"
       }
      }
     },
     "localname": "ProceedsFromPaymentsForOtherFinancingActivities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 3.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow associated with the aggregate amount received by the entity through sale or maturity of marketable securities  (held-to-maturity or available-for-sale) during the period.",
        "label": "Proceeds from Sale and Maturity of Marketable Securities",
        "terseLabel": "Proceeds from sales of real estate securities"
       }
      }
     },
     "localname": "ProceedsFromSaleAndMaturityOfMarketableSecurities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt": {
     "auth_ref": [
      "r90",
      "r91",
      "r225"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash inflow from sale of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).",
        "label": "Proceeds from Sale of Debt Securities, Available-for-sale",
        "terseLabel": "Fair value of securities sold"
       }
      }
     },
     "localname": "ProceedsFromSaleOfAvailableForSaleSecuritiesDebt",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromSaleOfFinanceReceivables": {
     "auth_ref": [
      "r91"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 9.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow associated with the sale of receivables arising from the financing of goods and services.",
        "label": "Proceeds from Sale of Finance Receivables",
        "terseLabel": "Proceeds from sales of loan investments"
       }
      }
     },
     "localname": "ProceedsFromSaleOfFinanceReceivables",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromSaleOfLoansHeldForSale": {
     "auth_ref": [
      "r102",
      "r105"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 6.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow resulting from the sale of loans classified as held-for-sale, including proceeds from loans sold through mortgage securitization.",
        "label": "Proceeds from Sale of Loans Held-for-sale",
        "terseLabel": "Proceeds from sales of held-for-sale loans"
       }
      }
     },
     "localname": "ProceedsFromSaleOfLoansHeldForSale",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow associated with the sale of securities classified as trading securities and held for investment purposes. Excludes proceeds from trading securities purchased and held principally for the purpose of selling them in the near term (thus held for only a short period of time).",
        "label": "Proceeds from Sale of Debt and Equity Securities, FV-NI, Held-for-investment",
        "terseLabel": "Principal balance of securities sold"
       }
      }
     },
     "localname": "ProceedsFromSaleOfTradingSecuritiesHeldforinvestment",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromShortTermDebt": {
     "auth_ref": [
      "r96"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 1.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow from a borrowing having initial term of repayment within one year or the normal operating cycle, if longer.",
        "label": "Proceeds from Short-term Debt",
        "terseLabel": "Proceeds from borrowings on short-term debt"
       }
      }
     },
     "localname": "ProceedsFromShortTermDebt",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProfessionalFees": {
     "auth_ref": [
      "r655",
      "r656"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails": {
       "order": 7.0,
       "parentTag": "us-gaap_GeneralAndAdministrativeExpense",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.",
        "label": "Professional Fees",
        "terseLabel": "Accounting and legal"
       }
      }
     },
     "localname": "ProfessionalFees",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PropertyPlantAndEquipmentGross": {
     "auth_ref": [
      "r29",
      "r300"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.",
        "label": "Property, Plant and Equipment, Gross",
        "terseLabel": "Fixed assets"
       }
      }
     },
     "localname": "PropertyPlantAndEquipmentGross",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PropertyPlantAndEquipmentNet": {
     "auth_ref": [
      "r8",
      "r9",
      "r302",
      "r620"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails": {
       "order": 6.0,
       "parentTag": "us-gaap_OtherAssets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.",
        "label": "Property, Plant and Equipment, Net",
        "terseLabel": "Fixed assets and leasehold improvements"
       }
      }
     },
     "localname": "PropertyPlantAndEquipmentNet",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PutOptionMember": {
     "auth_ref": [
      "r675",
      "r676",
      "r677",
      "r678",
      "r679",
      "r680"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A financial contract between two parties, the buyer and the seller (writer) of the option, where the buyer has the right but not the obligation to sell a commodity or financial instrument (the underlying instrument) to the seller (writer) at a certain time for a certain price (the strike price). The seller (writer) has the obligation to purchase the underlying asset at that strike price, if the buyer exercises the option.",
        "label": "Put Option [Member]",
        "terseLabel": "Sales"
       }
      }
     },
     "localname": "PutOptionMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Continuing Involvement with Transferred Financial Assets, Amount Outstanding [Abstract]",
        "terseLabel": "Assets transferred:"
       }
      }
     },
     "localname": "QualitativeAndQuantitativeInformationAssetsOrLiabilitiesForTransferorsContinuingInvolvementSecuritizationOrAssetbackedFinancingArrangementPrincipalAmountOutstandingAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock": {
     "auth_ref": [
      "r521"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of a transferor's continuing involvement with financial assets transferred to a transferee in a securitization, asset-backed financing arrangement, or similar transfer. Such disclosure would, at a minimum, contain information allowing for an assessment of the reasons for the transferor's continuing involvement, the risks related to the transferred financial assets to which the transferor continues to be exposed, and the extent of change to the transferor's risk profile due to the transfer (including, but not limited to, credit risk, interest rate risk, other).",
        "label": "Qualitative and Quantitative Information, Transferor's Continuing Involvement [Table Text Block]",
        "terseLabel": "Unconsolidated Variable Interest Entity's Sponsored by Redwood"
       }
      }
     },
     "localname": "QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_RealEstateAcquiredThroughForeclosure": {
     "auth_ref": [
      "r213",
      "r214"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails": {
       "order": 4.0,
       "parentTag": "us-gaap_OtherAssets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying amount as of the balance sheet date of land and buildings obtained through foreclosure proceedings or defeasance in full or partial satisfaction of a debt arrangement.",
        "label": "Real Estate Acquired Through Foreclosure",
        "periodEndLabel": "Balance at End of Period",
        "periodStartLabel": "Balance at beginning of period",
        "verboseLabel": "REO"
       }
      }
     },
     "localname": "RealEstateAcquiredThroughForeclosure",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RealEstateAcquisitionsThroughForeclosures": {
     "auth_ref": [
      "r693"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of real estate investments acquired through foreclosure for entities with a substantial portion of business acquiring and holding investment real estate.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Acquisition Through Foreclosure",
        "terseLabel": "Amount related to transfers into REO"
       }
      }
     },
     "localname": "RealEstateAcquisitionsThroughForeclosures",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RealEstateCostOfRealEstateSold": {
     "auth_ref": [
      "r693"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of real estate investments sold for entities with a substantial portion of business acquiring and holding investment real estate.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Cost of Investment in Real Estate Sold",
        "negatedTerseLabel": "Liquidations"
       }
      }
     },
     "localname": "RealEstateCostOfRealEstateSold",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RealEstateInvestmentMember": {
     "auth_ref": [
      "r685",
      "r686",
      "r687",
      "r688"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This element represents direct equity investments in real estate projects (Land, buildings and improvements owned for income production and capital accretion potential) and certain loans accounted for as real estate investments. For loans accounted for as real estate investments, the entity (lender) has virtually the same risks and rewards as those of owners or joint venture participants. Such arrangements are treated as if the entity actually has an ownership interest in the property. In such arrangements, the entity (lender) participates in expected residual profits, which may be in the form of an equity kicker or a higher than usual effective interest rate. At the outset and during the construction and development of the property, the borrower generally has little or no equity in the property and the entity's (lender's) only source of repayment is the property. The entity (lender) generally (a) agrees to provide substantially all funds to acquire, develop, and construct the property, (b) funds the commitment or origination fees or both, and (c) funds interest during the development and construction of the property.",
        "label": "Real Estate Investment [Member]",
        "terseLabel": "Other assets"
       }
      }
     },
     "localname": "RealEstateInvestmentMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_RealizedGainLossOnInvestmentsTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of realized gains and losses on investments reported in the statement of income.",
        "label": "Realized Gain (Loss) on Investments [Table Text Block]",
        "terseLabel": "Gross Realized Gains and Losses on Available for Sale Securities"
       }
      }
     },
     "localname": "RealizedGainLossOnInvestmentsTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_RealizedInvestmentGainsLosses": {
     "auth_ref": [
      "r635"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 4.0,
       "parentTag": "us-gaap_NoninterestIncome",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails": {
       "order": 4.0,
       "parentTag": "us-gaap_NoninterestIncome",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of realized gain (loss) on investment.",
        "label": "Realized Investment Gains (Losses)",
        "negatedLabel": "Realized gains, net",
        "terseLabel": "Realized gains, net"
       }
      }
     },
     "localname": "RealizedInvestmentGainsLosses",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ReceivablesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Receivables [Abstract]",
        "terseLabel": "Receivables [Abstract]"
       }
      }
     },
     "localname": "ReceivablesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_ReceivablesFairValueDisclosure": {
     "auth_ref": [
      "r26",
      "r44",
      "r575",
      "r619"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value portion of receivables, including, but not limited to, trade account receivables, note receivables, and loan receivables.",
        "label": "Receivables, Fair Value Disclosure",
        "terseLabel": "Residential loans"
       }
      }
     },
     "localname": "ReceivablesFairValueDisclosure",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]",
        "terseLabel": "Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]"
       }
      }
     },
     "localname": "ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax": {
     "auth_ref": [
      "r62",
      "r65",
      "r71",
      "r477",
      "r481",
      "r483"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_OtherComprehensiveIncomeLossNetOfTax",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount after tax of reclassification adjustments of other comprehensive income (loss).",
        "label": "Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax",
        "negatedLabel": "Amounts reclassified from other accumulated comprehensive income (loss)"
       }
      }
     },
     "localname": "ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.",
        "label": "AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]",
        "terseLabel": "Accumulated Other Comprehensive Income (Loss) [Roll Forward]"
       }
      }
     },
     "localname": "ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by item reclassified out of accumulated other comprehensive income (loss).",
        "label": "Reclassification out of Accumulated Other Comprehensive Income [Axis]",
        "terseLabel": "Reclassification out of Accumulated Other Comprehensive Income [Axis]"
       }
      }
     },
     "localname": "ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Item reclassified out of accumulated other comprehensive income (loss).",
        "label": "Reclassification out of Accumulated Other Comprehensive Income [Domain]",
        "terseLabel": "Reclassification out of Accumulated Other Comprehensive Income [Domain]"
       }
      }
     },
     "localname": "ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Identifies item reclassified out of accumulated other comprehensive income (loss).",
        "label": "Reclassification out of Accumulated Other Comprehensive Income [Member]",
        "terseLabel": "Reclassification out of Accumulated Other Comprehensive Income"
       }
      }
     },
     "localname": "ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of information about items reclassified out of accumulated other comprehensive income (loss).",
        "label": "Reclassification out of Accumulated Other Comprehensive Income [Table]",
        "terseLabel": "Reclassification out of Accumulated Other Comprehensive Income [Table]"
       }
      }
     },
     "localname": "ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).",
        "label": "Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]",
        "terseLabel": "Reclassifications out of Accumulated Other Comprehensive Income"
       }
      }
     },
     "localname": "ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_RelatedPartyDomain": {
     "auth_ref": [
      "r348",
      "r498",
      "r499"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Related parties include affiliates; other entities for which investments are accounted for by the equity method by the entity; trusts for benefit of employees; and principal owners, management, and members of immediate families. It also may include other parties with which the entity may control or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests.",
        "label": "Related Party [Domain]",
        "terseLabel": "Related Party [Domain]"
       }
      }
     },
     "localname": "RelatedPartyDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_RelatedPartyTransactionsByRelatedPartyAxis": {
     "auth_ref": [
      "r348",
      "r498",
      "r500",
      "r552",
      "r553",
      "r554",
      "r555",
      "r556",
      "r557",
      "r558",
      "r559",
      "r560",
      "r561",
      "r562",
      "r563"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of related party. Related parties include, but not limited to, affiliates; other entities for which investments are accounted for by the equity method by the entity; trusts for benefit of employees; and principal owners, management, and members of immediate families. It also may include other parties with which the entity may control or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests.",
        "label": "Related Party [Axis]",
        "terseLabel": "Related Party [Axis]"
       }
      }
     },
     "localname": "RelatedPartyTransactionsByRelatedPartyAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAccruedInterestPayableDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedComponentsofAssetBackedSecuritiesIssuedbyConsolidatedSecuritizationEntitiesSponsoredAlongWithOtherSelectedInformationDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails",
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_RepaymentsOfOtherDebt": {
     "auth_ref": [
      "r99"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 6.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash outflow for the payment of debt classified as other.",
        "label": "Repayments of Other Debt",
        "negatedTerseLabel": "Repayments on long-term debt"
       }
      }
     },
     "localname": "RepaymentsOfOtherDebt",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RepaymentsOfSecuredDebt": {
     "auth_ref": [
      "r99"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 4.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt.",
        "label": "Repayments of Secured Debt",
        "negatedLabel": "Repayments on asset-backed securities issued"
       }
      }
     },
     "localname": "RepaymentsOfSecuredDebt",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RepaymentsOfShortTermDebt": {
     "auth_ref": [
      "r99"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 2.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash outflow for a borrowing having initial term of repayment within one year or the normal operating cycle, if longer.",
        "label": "Repayments of Short-term Debt",
        "negatedLabel": "Repayments on short-term debt"
       }
      }
     },
     "localname": "RepaymentsOfShortTermDebt",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RepurchaseAgreementsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Investments represented by an agreement between the entity and another party for the sale and repurchase of identical or substantially the same securities at a date certain for a specified price. Such agreements are generally short-term in nature.",
        "label": "Repurchase Agreements [Member]",
        "terseLabel": "Security repurchase agreements"
       }
      }
     },
     "localname": "RepurchaseAgreementsMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_ResidentialMortgageBackedSecuritiesMember": {
     "auth_ref": [
      "r227",
      "r341"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Securities collateralized by residential real estate mortgage loans.",
        "label": "Residential Mortgage Backed Securities [Member]",
        "terseLabel": "Residential",
        "verboseLabel": "Total Mortgage-Backed Securities"
       }
      }
     },
     "localname": "ResidentialMortgageBackedSecuritiesMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CommitmentsandContingenciesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_ResidentialMortgageMember": {
     "auth_ref": [
      "r268"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Loan to purchase or refinance residential real estate for example, but not limited to, a home, in which the real estate itself serves as collateral for the loan.",
        "label": "Residential Mortgage [Member]",
        "terseLabel": "Held-for-sale residential loans",
        "verboseLabel": "Residential Loans"
       }
      }
     },
     "localname": "ResidentialMortgageMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_ResidentialPortfolioSegmentMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Portfolio segment of the company's total financing receivables related to residential financing receivables.",
        "label": "Residential Portfolio Segment [Member]",
        "terseLabel": "Residential loans"
       }
      }
     },
     "localname": "ResidentialPortfolioSegmentMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_ResidentialRealEstateMember": {
     "auth_ref": [
      "r266",
      "r341"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Property that is used as a home.",
        "label": "Residential Real Estate [Member]",
        "terseLabel": "Residential Real Estate"
       }
      }
     },
     "localname": "ResidentialRealEstateMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofCollateralforLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_RestrictedCashAndCashEquivalents": {
     "auth_ref": [
      "r7",
      "r114",
      "r119",
      "r566",
      "r614"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 5.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash and cash equivalents restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.",
        "label": "Restricted Cash and Cash Equivalents",
        "terseLabel": "Restricted cash"
       }
      }
     },
     "localname": "RestrictedCashAndCashEquivalents",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWSPARENTHETICAL",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RestrictedStockMember": {
     "auth_ref": [
      "r160"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stock including a provision that prohibits sale or substantive sale of an equity instrument for a specified period of time or until specified performance conditions are met.",
        "label": "Restricted Stock [Member]",
        "terseLabel": "Restricted Stock Awards"
       }
      }
     },
     "localname": "RestrictedStockMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_RestrictedStockUnitsRSUMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Share instrument which is convertible to stock or an equivalent amount of cash, after a specified period of time or when specified performance conditions are met.",
        "label": "Restricted Stock Units (RSUs) [Member]",
        "terseLabel": "Restricted Stock Units"
       }
      }
     },
     "localname": "RestrictedStockUnitsRSUMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_RetainedEarningsAccumulatedDeficit": {
     "auth_ref": [
      "r21",
      "r335",
      "r371",
      "r616",
      "r645",
      "r650"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 4.0,
       "parentTag": "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cumulative amount of the reporting entity's undistributed earnings or deficit.",
        "label": "Retained Earnings (Accumulated Deficit)",
        "terseLabel": "Cumulative earnings"
       }
      }
     },
     "localname": "RetainedEarningsAccumulatedDeficit",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RetainedEarningsMember": {
     "auth_ref": [
      "r131",
      "r132",
      "r134",
      "r136",
      "r142",
      "r145",
      "r252",
      "r368",
      "r369",
      "r370",
      "r382",
      "r383",
      "r641",
      "r643"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cumulative amount of the reporting entity's undistributed earnings or deficit.",
        "label": "Retained Earnings [Member]",
        "terseLabel": "Cumulative Earnings"
       }
      }
     },
     "localname": "RetainedEarningsMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability": {
     "auth_ref": [
      "r493",
      "r497"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of increase in right-of-use asset obtained in exchange for operating lease liability.",
        "label": "Right-of-Use Asset Obtained in Exchange for Operating Lease Liability",
        "terseLabel": "Right-of-use asset obtained in exchange for operating lease liability"
       }
      }
     },
     "localname": "RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable": {
     "auth_ref": [
      "r41"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule itemizing specific types of trade accounts and notes receivable, and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.",
        "label": "Schedule of Accounts, Notes, Loans and Financing Receivable [Table]",
        "terseLabel": "Schedule of Accounts, Notes, Loans and Financing Receivable [Table]"
       }
      }
     },
     "localname": "ScheduleOfAccountsNotesLoansAndFinancingReceivableTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock": {
     "auth_ref": [
      "r62",
      "r482",
      "r483"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the components of accumulated other comprehensive income (loss).",
        "label": "Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]",
        "terseLabel": "Changes to Accumulated Other Comprehensive Income by Component"
       }
      }
     },
     "localname": "ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock": {
     "auth_ref": [
      "r507"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of all information related to the key inputs and assumptions used in measuring the fair value of assets obtained or liabilities incurred, as the result of a sale of financial assets, relating to the transferor's continuing involvement, if any, at the time of securitization, asset-backed financing arrangement, or similar transfer (including at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses, including expected static pool losses).",
        "label": "Schedule of Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities [Table Text Block]",
        "terseLabel": "Assumptions Related to Assets Retained from Unconsolidated Variable Interest Entity's Sponsored by Redwood"
       }
      }
     },
     "localname": "ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Debt Securities, Available-for-sale [Line Items]",
        "terseLabel": "Debt Securities, Available-for-sale [Line Items]"
       }
      }
     },
     "localname": "ScheduleOfAvailableForSaleSecuritiesLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.",
        "label": "Schedule of Available-for-sale Securities Reconciliation [Table Text Block]",
        "terseLabel": "Carrying Value of Residential Available for Sale Securities"
       }
      }
     },
     "localname": "ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfAvailableForSaleSecuritiesTable": {
     "auth_ref": [
      "r233",
      "r236",
      "r241",
      "r242",
      "r243",
      "r246",
      "r600",
      "r601"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.",
        "label": "Schedule of Available-for-sale Securities [Table]",
        "terseLabel": "Schedule of Available-for-sale Securities [Table]"
       }
      }
     },
     "localname": "ScheduleOfAvailableForSaleSecuritiesTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueWhichEqualsFairValueofResidentialAvailableforSaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesGrossRealizedGainsandLossesonSalesandCallsofAvailableforSaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable": {
     "auth_ref": [
      "r392",
      "r393"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule reflecting each material business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities.",
        "label": "Schedule of Business Acquisitions, by Acquisition [Table]",
        "terseLabel": "Schedule of Business Acquisitions, by Acquisition [Table]"
       }
      }
     },
     "localname": "ScheduleOfBusinessAcquisitionsByAcquisitionTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesComponentsofGeneralandAdministrativeExpensesandOtherExpensesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfDebtInstrumentsTextBlock": {
     "auth_ref": [
      "r38",
      "r125",
      "r331",
      "r332",
      "r333",
      "r334",
      "r485",
      "r486",
      "r488",
      "r606"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.",
        "label": "Schedule of Long-term Debt Instruments [Table Text Block]",
        "terseLabel": "Schedule of Long-term Debt Instruments"
       }
      }
     },
     "localname": "ScheduleOfDebtInstrumentsTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock": {
     "auth_ref": [
      "r430",
      "r436",
      "r441"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.",
        "label": "Derivative Instruments, Gain (Loss) [Table Text Block]",
        "terseLabel": "Impact on Interest Expense of Interest Rate Agreements Accounted for as Cash Flow Hedges"
       }
      }
     },
     "localname": "ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfDerivativeInstrumentsTextBlock": {
     "auth_ref": [
      "r423",
      "r425",
      "r426",
      "r428",
      "r429",
      "r434",
      "r436",
      "r443",
      "r445"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.",
        "label": "Schedule of Derivative Instruments [Table Text Block]",
        "terseLabel": "Fair Value and Notional Amount of Derivative Financial Instruments"
       }
      }
     },
     "localname": "ScheduleOfDerivativeInstrumentsTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock": {
     "auth_ref": [
      "r159"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.",
        "label": "Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]",
        "terseLabel": "Basic and Diluted Earnings Per Common Share"
       }
      }
     },
     "localname": "ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock": {
     "auth_ref": [
      "r378"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.",
        "label": "Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]",
        "terseLabel": "Reconciliation of Statutory Tax Rate to Effective Tax Rate"
       }
      }
     },
     "localname": "ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/TaxesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock": {
     "auth_ref": [
      "r453",
      "r454"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).",
        "label": "Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]",
        "terseLabel": "Assets and Liabilities Measured at Fair Value on Recurring Basis"
       }
      }
     },
     "localname": "ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock": {
     "auth_ref": [
      "r523",
      "r526"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of financial instruments held by the entity for its own account for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions. Description may include equity, fixed income, debt or other securities.",
        "label": "Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]",
        "terseLabel": "Schedule of Financial Instruments Owned and Pledged as Collateral"
       }
      }
     },
     "localname": "ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock": {
     "auth_ref": [
      "r292"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.",
        "label": "Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]",
        "terseLabel": "Schedule of Finite-Lived Intangible Assets"
       }
      }
     },
     "localname": "ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable": {
     "auth_ref": [
      "r292",
      "r294",
      "r550"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.",
        "label": "Schedule of Finite-Lived Intangible Assets [Table]",
        "terseLabel": "Schedule of Finite-Lived Intangible Assets [Table]"
       }
      }
     },
     "localname": "ScheduleOfFiniteLivedIntangibleAssetsTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock": {
     "auth_ref": [
      "r503"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of amounts pertaining to the excess over or deficiency from the carrying amounts of financial assets which are recognized upon the sale of financial assets.",
        "label": "Schedule of Gain (Loss) on Securitizations or Asset-backed Financing Arrangements of Financial Assets Accounted for as Sale [Table Text Block]",
        "terseLabel": "Securitization Activity Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood"
       }
      }
     },
     "localname": "ScheduleOfGainLossOnSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Net Investment Income [Line Items]",
        "terseLabel": "Net Investment Income [Line Items]"
       }
      }
     },
     "localname": "ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable": {
     "auth_ref": [
      "r85",
      "r87",
      "r633"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of information about investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments.",
        "label": "Investment Income [Table]",
        "terseLabel": "Investment Income [Table]"
       }
      }
     },
     "localname": "ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfInvestmentsLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Schedule of Investments [Line Items]",
        "terseLabel": "Schedule of Investments [Line Items]"
       }
      }
     },
     "localname": "ScheduleOfInvestmentsLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfInvestmentsTable": {
     "auth_ref": [
      "r659"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A container table for all schedule of investment items. It ties in the \"Legal Entity [Axis]\" to all of its contained line items.",
        "label": "Schedule of Investments [Table]",
        "terseLabel": "Schedule of Investments [Table]"
       }
      }
     },
     "localname": "ScheduleOfInvestmentsTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfOtherAssetsTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets.",
        "label": "Schedule of Other Assets [Table Text Block]",
        "terseLabel": "Components of Other Assets"
       }
      }
     },
     "localname": "ScheduleOfOtherAssetsTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock": {
     "auth_ref": [
      "r81"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of each detailed component of other operating costs and expenses that are applicable to sales and revenues, but not included in the cost of sales in the income statement.",
        "label": "Schedule of Other Operating Cost and Expense, by Component [Table Text Block]",
        "terseLabel": "Components of General and Administrative Expenses and Other Expenses"
       }
      }
     },
     "localname": "ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/GeneralandAdministrativeExpensesLoanAcquisitionCostsandOtherExpensesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable": {
     "auth_ref": [
      "r189",
      "r192",
      "r198",
      "r290"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A table disclosing the profit or loss and total assets for each reportable segment of the entity. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.",
        "label": "Schedule of Segment Reporting Information, by Segment [Table]",
        "terseLabel": "Schedule of Segment Reporting Information, by Segment [Table]"
       }
      }
     },
     "localname": "ScheduleOfSegmentReportingInformationBySegmentTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock": {
     "auth_ref": [
      "r189",
      "r192",
      "r198",
      "r290"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.",
        "label": "Schedule of Segment Reporting Information, by Segment [Table Text Block]",
        "terseLabel": "Business Segment Financial Information"
       }
      }
     },
     "localname": "ScheduleOfSegmentReportingInformationBySegmentTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock": {
     "auth_ref": [
      "r519"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of a sensitivity analysis or stress test showing the hypothetical effect on the fair value of the transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) of two or more unfavorable variations from the expected levels for each key assumption that is reported, independently determined from any change in another key assumption, and a description of the objectives, methodology, and limitations of the sensitivity analysis or stress test.",
        "label": "Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets [Table Text Block]",
        "terseLabel": "Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated Variable Interest Entity's Sponsored by Redwood"
       }
      }
     },
     "localname": "ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock": {
     "auth_ref": [
      "r532"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.",
        "label": "Schedule of Servicing Assets at Fair Value [Table Text Block]",
        "verboseLabel": "Components of Servicer Advance Investments"
       }
      }
     },
     "localname": "ScheduleOfServicingAssetsAtFairValueTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherInvestmentsTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable": {
     "auth_ref": [
      "r357",
      "r367"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of information about share-based payment arrangement.",
        "label": "Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]",
        "terseLabel": "Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]"
       }
      }
     },
     "localname": "ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfShortTermDebtTable": {
     "auth_ref": [
      "r34"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A table or schedule providing information pertaining to borrowings under which repayment was required in less than twelve months (or normal operating cycle, if longer) after its issuance. It may include: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date and measures of the maximum and average amount outstanding during the period; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.",
        "label": "Schedule of Short-term Debt [Table]",
        "terseLabel": "Schedule of Short-term Debt [Table]"
       }
      }
     },
     "localname": "ScheduleOfShortTermDebtTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfShortTermDebtTextBlock": {
     "auth_ref": [
      "r34"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.",
        "label": "Schedule of Short-term Debt [Table Text Block]",
        "terseLabel": "Short-Term Debt Facilities"
       }
      }
     },
     "localname": "ScheduleOfShortTermDebtTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock": {
     "auth_ref": [
      "r366"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement.",
        "label": "Share-based Payment Arrangement, Nonvested Award, Cost [Table Text Block]",
        "terseLabel": "Equity Compensation Costs by Award Type"
       }
      }
     },
     "localname": "ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfVariableInterestEntitiesTable": {
     "auth_ref": [
      "r405",
      "r406",
      "r410",
      "r411",
      "r412",
      "r414",
      "r416",
      "r418",
      "r419"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of qualitative and quantitative information related to variable interests the entity holds, whether or not such variable interest entity (VIE) is included in the reporting entity's consolidated financial statements. Includes, but is not limited to, description of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a tabular comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.",
        "label": "Schedule of Variable Interest Entities [Table]",
        "terseLabel": "Schedule of Variable Interest Entities [Table]"
       }
      }
     },
     "localname": "ScheduleOfVariableInterestEntitiesTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfVariableInterestEntitiesTextBlock": {
     "auth_ref": [
      "r412",
      "r414",
      "r416",
      "r418",
      "r419"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.",
        "label": "Schedule of Variable Interest Entities [Table Text Block]",
        "terseLabel": "Schedule of Consolidated VIEs"
       }
      }
     },
     "localname": "ScheduleOfVariableInterestEntitiesTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_SecuredDebt": {
     "auth_ref": [
      "r14",
      "r572",
      "r613"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 4.0,
       "parentTag": "us-gaap_Liabilities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower.",
        "label": "Secured Debt",
        "terseLabel": "Asset-backed securities issued",
        "verboseLabel": "Asset-backed securities issued (includes $6,475,472 and $6,900,362 at fair value), net"
       }
      }
     },
     "localname": "SecuredDebt",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_SecuritiesSoldUnderAgreementsToRepurchase": {
     "auth_ref": [
      "r45",
      "r48",
      "r51",
      "r127",
      "r578"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails_1": {
       "order": 2.0,
       "parentTag": "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, after the effects of master netting arrangements, of funds outstanding borrowed in the form of a security repurchase agreement between the entity and another party for the sale and repurchase of identical or substantially the same securities at a date certain for a specified price. Includes liabilities not subject to a master netting arrangement and not elected to be offset.",
        "label": "Securities Sold under Agreements to Repurchase",
        "negatedTotalLabel": "Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet"
       }
      }
     },
     "localname": "SecuritiesSoldUnderAgreementsToRepurchase",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral": {
     "auth_ref": [
      "r50",
      "r52"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, after effects of master netting arrangements, of funds outstanding borrowed in the form of a security repurchase agreement between the entity and another party for the sale and repurchase of identical or substantially the same securities at a date certain for a specified price offset against a right to receive collateral. Includes liabilities not subject to a master netting arrangement and not elected to be offset.",
        "label": "Securities Sold under Agreements to Repurchase, Amount Offset Against Collateral",
        "negatedTotalLabel": "Net Amount"
       }
      }
     },
     "localname": "SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset": {
     "auth_ref": [
      "r47",
      "r54"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_SecuritiesSoldUnderAgreementsToRepurchase",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of asset associated with funds outstanding borrowed in the form of a security repurchase agreement between the entity and another party for the sale and repurchase of identical or substantially the same securities at a date certain for a specified price.",
        "label": "Securities Sold under Agreements to Repurchase, Asset",
        "terseLabel": "Gross Amounts Offset in Consolidated Balance Sheet"
       }
      }
     },
     "localname": "SecuritiesSoldUnderAgreementsToRepurchaseAsset",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash": {
     "auth_ref": [
      "r49",
      "r52"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of right to receive cash collateral under master netting arrangements that have not been offset against securities sold under agreement to repurchase.",
        "label": "Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Cash",
        "terseLabel": "Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged"
       }
      }
     },
     "localname": "SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities": {
     "auth_ref": [
      "r49",
      "r52"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of right to receive securities collateral under master netting arrangements that have not been offset against securities sold under agreement to repurchase.",
        "label": "Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Securities",
        "terseLabel": "Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments"
       }
      }
     },
     "localname": "SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross": {
     "auth_ref": [
      "r46",
      "r53"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, before effects of master netting arrangements, of funds outstanding borrowed in the form of a security repurchase agreement between the entity and another party for the sale and repurchase of identical or substantially the same securities at a date certain for a specified price. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement.",
        "label": "Securities Sold under Agreements to Repurchase, Gross",
        "negatedLabel": "Gross Amounts of Recognized Assets (Liabilities)"
       }
      }
     },
     "localname": "SecuritiesSoldUnderAgreementsToRepurchaseGross",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Securities Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement [Abstract]",
        "terseLabel": "Loan warehouse debt and Security repurchase agreement"
       }
      }
     },
     "localname": "SecuritiesSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangementAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_SegmentDomain": {
     "auth_ref": [
      "r176",
      "r180",
      "r181",
      "r182",
      "r183",
      "r184",
      "r185",
      "r186",
      "r187",
      "r188",
      "r189",
      "r190",
      "r191",
      "r194",
      "r195",
      "r196",
      "r197",
      "r199",
      "r200",
      "r201",
      "r202",
      "r203",
      "r205",
      "r210",
      "r638"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Components of an entity that engage in business activities from which they may earn revenue and incur expenses, including transactions with other components of the same entity.",
        "label": "Segments [Domain]",
        "terseLabel": "Segments [Domain]"
       }
      }
     },
     "localname": "SegmentDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_SegmentReportingAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Segment Reporting [Abstract]",
        "terseLabel": "Segment Reporting [Abstract]"
       }
      }
     },
     "localname": "SegmentReportingAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_SegmentReportingDisclosureTextBlock": {
     "auth_ref": [
      "r176",
      "r178",
      "r179",
      "r189",
      "r193",
      "r199",
      "r203",
      "r204",
      "r205",
      "r206",
      "r208",
      "r209",
      "r210",
      "r211"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.",
        "label": "Segment Reporting Disclosure [Text Block]",
        "terseLabel": "Segment Information"
       }
      }
     },
     "localname": "SegmentReportingDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformation"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_SegmentReportingInformationLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Segment Reporting Information [Line Items]",
        "terseLabel": "Segment Reporting Information [Line Items]"
       }
      }
     },
     "localname": "SegmentReportingInformationLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses": {
     "auth_ref": [
      "r519"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The hypothetical financial impact of a 10 percent adverse change of the expected credit losses, including expected static pool losses, on the fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.",
        "label": "Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 10 Percent Adverse Change in Expected Credit Losses",
        "terseLabel": "10% higher losses"
       }
      }
     },
     "localname": "SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInExpectedCreditLosses",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed": {
     "auth_ref": [
      "r519"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The hypothetical financial impact of a 10 percent adverse change of prepayment speed on the fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.",
        "label": "Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 10 Percent Adverse Change in Prepayment Speed",
        "terseLabel": "10% adverse change"
       }
      }
     },
     "localname": "SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]",
        "terseLabel": "Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]"
       }
      }
     },
     "localname": "SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate": {
     "auth_ref": [
      "r519"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The hypothetical financial impact of a specified adverse percentage change in discount rate on the fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.",
        "label": "Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of Other than 10 or 20 Percent Adverse Change in Discount Rate",
        "terseLabel": "100 basis point increase"
       }
      }
     },
     "localname": "SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRate",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent": {
     "auth_ref": [
      "r519"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A specified percentage variance in the discount rate assumption in the determination of fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.",
        "label": "Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of Other than 10 or 20 Percent Adverse Change in Discount Rate, Percent",
        "terseLabel": "Discount rate assumption"
       }
      }
     },
     "localname": "SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInDiscountRatePercent",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed": {
     "auth_ref": [
      "r519"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The hypothetical financial impact of a specified adverse percentage change in prepayment speed on the fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.",
        "label": "Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of Other than 10 or 20 Percent Adverse Change in Prepayment Speed",
        "terseLabel": "25% adverse change"
       }
      }
     },
     "localname": "SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeed",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent": {
     "auth_ref": [
      "r519"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A specified percentage variance in the prepayment speed assumption in the determination of fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities).",
        "label": "Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of Other than 10 or 20 Percent Adverse Change in Prepayment Speed, Percent",
        "terseLabel": "Prepayment speed assumption (annual CPR)"
       }
      }
     },
     "localname": "SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfOtherThan10Or20PercentAdverseChangeInPrepaymentSpeedPercent",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss": {
     "auth_ref": [
      "r519"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The hypothetical financial impact of a specified adverse percentage change in expected credit losses, including static pool losses, on the fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.",
        "label": "Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact Other than 10 or 20 Percent Adverse Change in Expected Credit Loss",
        "terseLabel": "25% higher losses"
       }
      }
     },
     "localname": "SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLoss",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent": {
     "auth_ref": [
      "r519"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A specified percentage variance in the expected credit losses assumption, including static pool losses, in the determination of fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities).",
        "label": "Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact Other than 10 or 20 Percent Adverse Change in Expected Credit Loss, Percent",
        "terseLabel": "Credit loss assumption"
       }
      }
     },
     "localname": "SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOtherThan10Or20PercentAdverseChangeInExpectedCreditLossPercent",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable": {
     "auth_ref": [
      "r519"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Detailed elements containing information related to a sensitivity analysis or stress test showing the hypothetical effect on the fair value of the transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) of two or more unfavorable variations from the expected levels for each key assumption that is reported, independently determined from any change in another key assumption.",
        "label": "Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets [Table]",
        "terseLabel": "Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets [Table]"
       }
      }
     },
     "localname": "SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ServicingAsset": {
     "auth_ref": [
      "r531"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Aggregate amount of servicing assets that are subsequently measured at fair value and servicing assets that are subsequently measured using the amortization method.",
        "label": "Servicing Asset",
        "terseLabel": "Aggregate principal balance",
        "verboseLabel": "Servicing asset"
       }
      }
     },
     "localname": "ServicingAsset",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ServicingAssetAtAmortizedValue": {
     "auth_ref": [
      "r529",
      "r530",
      "r537"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amortized amount of contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer.",
        "label": "Servicing Asset at Amortized Cost",
        "terseLabel": "Mortgage servicing rights, at amortized cost"
       }
      }
     },
     "localname": "ServicingAssetAtAmortizedValue",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ResidentialLoansAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ServicingAssetAtFairValueAmount": {
     "auth_ref": [
      "r529",
      "r530",
      "r531",
      "r533"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      },
      "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_OtherInvestments",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements.",
        "label": "Servicing Asset at Fair Value, Amount",
        "netLabel": "MSRs",
        "terseLabel": "Servicing asset, fair value",
        "totalLabel": "Total Servicer Advance Receivables"
       }
      }
     },
     "localname": "ServicingAssetAtFairValueAmount",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ServicingAssetMeasurementInput": {
     "auth_ref": [
      "r458"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Value of input used to measure servicing asset.",
        "label": "Servicing Asset, Measurement Input",
        "terseLabel": "Servicing asset, measurement input"
       }
      }
     },
     "localname": "ServicingAssetMeasurementInput",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "decimalItemType"
    },
    "us-gaap_ServicingLiabilityAtFairValueAmount": {
     "auth_ref": [
      "r529",
      "r530",
      "r531",
      "r533"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value of a liability representing servicing arrangements under which the estimated future revenue from contractually specified servicing fees, late charges, and other ancillary revenues are not expected to adequately compensate the servicer.",
        "label": "Servicing Liability at Fair Value, Amount",
        "terseLabel": "ABS issued"
       }
      }
     },
     "localname": "ServicingLiabilityAtFairValueAmount",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ServicingLiabilityMeasurementInput": {
     "auth_ref": [
      "r458"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Value of input used to measure servicing liability.",
        "label": "Servicing Liability, Measurement Input",
        "terseLabel": "ABS issued, measurement input"
       }
      }
     },
     "localname": "ServicingLiabilityMeasurementInput",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsQuantitativeInformationaboutSignificantUnobservableInputsUsedinValuationofLevel3AssetsandLiabilitiesMeasuredatFairValueDetails"
     ],
     "xbrltype": "decimalItemType"
    },
    "us-gaap_ShareBasedCompensation": {
     "auth_ref": [
      "r111"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
       "order": 9.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of noncash expense for share-based payment arrangement.",
        "label": "Share-based Payment Arrangement, Noncash Expense",
        "terseLabel": "Non-cash equity award compensation expense"
       }
      }
     },
     "localname": "ShareBasedCompensation",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1": {
     "auth_ref": [
      "r358"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Period over which grantee's right to exercise award under share-based payment arrangement is no longer contingent on satisfaction of service or performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, combination of market, performance or service condition.",
        "label": "Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period",
        "verboseLabel": "Share-based compensation, vesting period (in years)"
       }
      }
     },
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod": {
     "auth_ref": [
      "r360"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period.",
        "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period",
        "terseLabel": "Number of stock awards forfeited (in shares)"
       }
      }
     },
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod": {
     "auth_ref": [
      "r362"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).",
        "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period",
        "terseLabel": "Number of stock awards granted (in shares)"
       }
      }
     },
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber": {
     "auth_ref": [
      "r361"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.",
        "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number",
        "terseLabel": "Unvested outstanding stock awards (in shares)"
       }
      }
     },
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod": {
     "auth_ref": [
      "r363"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period.",
        "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period",
        "terseLabel": "Number of stock awards vested (in shares)"
       }
      }
     },
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Share-based Compensation Arrangement by Share-based Payment Award [Line Items]",
        "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award [Line Items]"
       }
      }
     },
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant": {
     "auth_ref": [
      "r367"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable.",
        "label": "Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant",
        "terseLabel": "Common stock available for grant (in shares)"
       }
      }
     },
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain": {
     "auth_ref": [
      "r355",
      "r359"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Award under share-based payment arrangement.",
        "label": "Award Type [Domain]",
        "terseLabel": "Award Type [Domain]"
       }
      }
     },
     "localname": "ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityCompensationPlansAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityCompensationPlansUnrecognizedCompensationCostDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_ShareRepurchaseProgramAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by share repurchase program.",
        "label": "Share Repurchase Program [Axis]",
        "terseLabel": "Share Repurchase Program [Axis]"
       }
      }
     },
     "localname": "ShareRepurchaseProgramAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ShareRepurchaseProgramDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the share repurchase program.",
        "label": "Share Repurchase Program [Domain]",
        "terseLabel": "Share Repurchase Program [Domain]"
       }
      }
     },
     "localname": "ShareRepurchaseProgramDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_SharesIssued": {
     "auth_ref": [
      "r330"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury.",
        "label": "Shares, Issued",
        "periodEndLabel": "Ending balance (in shares)",
        "periodStartLabel": "Beginning balance (in shares)"
       }
      }
     },
     "localname": "SharesIssued",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_ShortTermBorrowings": {
     "auth_ref": [
      "r11",
      "r569",
      "r612"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 1.0,
       "parentTag": "us-gaap_Liabilities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.",
        "label": "Short-term Debt",
        "netLabel": "Outstanding Balance",
        "terseLabel": "Short-term debt, net",
        "verboseLabel": "Short-term debt"
       }
      }
     },
     "localname": "ShortTermBorrowings",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ShortTermDebtLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Short-term Debt [Line Items]",
        "terseLabel": "Short-term Debt [Line Items]"
       }
      }
     },
     "localname": "ShortTermDebtLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ShortTermDebtTextBlock": {
     "auth_ref": [
      "r328"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for short-term debt.",
        "label": "Short-term Debt [Text Block]",
        "terseLabel": "Short-Term Debt"
       }
      }
     },
     "localname": "ShortTermDebtTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebt"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ShortTermDebtTypeAxis": {
     "auth_ref": [
      "r34"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of short-term debt arrangement.",
        "label": "Short-term Debt, Type [Axis]",
        "terseLabel": "Short-term Debt, Type [Axis]"
       }
      }
     },
     "localname": "ShortTermDebtTypeAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ShortTermDebtTypeDomain": {
     "auth_ref": [
      "r31"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Type of short-term debt arrangement, such as notes, line of credit, commercial paper, asset-based financing, project financing, letter of credit financing.",
        "label": "Short-term Debt, Type [Domain]",
        "terseLabel": "Short-term Debt, Type [Domain]"
       }
      }
     },
     "localname": "ShortTermDebtTypeDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/OtherAssetsandLiabilitiesREOInformationDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_ShortTermDebtWeightedAverageInterestRate": {
     "auth_ref": [
      "r32"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Weighted average interest rate of short-term debt outstanding calculated at point in time.",
        "label": "Short-term Debt, Weighted Average Interest Rate, at Point in Time",
        "terseLabel": "Weighted Average Interest Rate"
       }
      }
     },
     "localname": "ShortTermDebtWeightedAverageInterestRate",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_ShorttermDebtAverageOutstandingAmount": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For the form of debt having an initial term of less than one year or less than the normal operating cycle, if longer, average borrowings during the period.",
        "label": "Short-term Debt, Average Outstanding Amount",
        "terseLabel": "Average balance of short-term debt"
       }
      }
     },
     "localname": "ShorttermDebtAverageOutstandingAmount",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ShorttermDebtFairValue": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents the amount of short-term debt existing as of the balance sheet date.",
        "label": "Short-term Debt, Fair Value",
        "terseLabel": "Short-term debt"
       }
      }
     },
     "localname": "ShorttermDebtFairValue",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_SignificantAccountingPoliciesTextBlock": {
     "auth_ref": [
      "r130"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for all significant accounting policies of the reporting entity.",
        "label": "Significant Accounting Policies [Text Block]",
        "terseLabel": "Summary of Significant Accounting Policies"
       }
      }
     },
     "localname": "SignificantAccountingPoliciesTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPolicies"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_StatementBusinessSegmentsAxis": {
     "auth_ref": [
      "r0",
      "r176",
      "r180",
      "r181",
      "r182",
      "r183",
      "r184",
      "r185",
      "r186",
      "r187",
      "r188",
      "r189",
      "r190",
      "r191",
      "r194",
      "r195",
      "r196",
      "r197",
      "r199",
      "r200",
      "r201",
      "r202",
      "r203",
      "r205",
      "r210",
      "r290",
      "r304",
      "r305",
      "r306",
      "r638"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by business segments.",
        "label": "Segments [Axis]",
        "terseLabel": "Segments [Axis]"
       }
      }
     },
     "localname": "StatementBusinessSegmentsAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationSupplementalInformationbySegmentDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementClassOfStockAxis": {
     "auth_ref": [
      "r16",
      "r17",
      "r18",
      "r121",
      "r123",
      "r149",
      "r150",
      "r153",
      "r157",
      "r159",
      "r164",
      "r165",
      "r166",
      "r251",
      "r330",
      "r474"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by the different classes of stock of the entity.",
        "label": "Class of Stock [Axis]",
        "terseLabel": "Class of Stock [Axis]"
       }
      }
     },
     "localname": "StatementClassOfStockAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementEquityComponentsAxis": {
     "auth_ref": [
      "r40",
      "r131",
      "r132",
      "r134",
      "r136",
      "r142",
      "r145",
      "r163",
      "r252",
      "r330",
      "r335",
      "r368",
      "r369",
      "r370",
      "r382",
      "r383",
      "r477",
      "r478",
      "r479",
      "r480",
      "r481",
      "r483",
      "r641",
      "r642",
      "r643"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by component of equity.",
        "label": "Equity Components [Axis]",
        "terseLabel": "Equity Components [Axis]"
       }
      }
     },
     "localname": "StatementEquityComponentsAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails",
      "http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Statement [Line Items]",
        "terseLabel": "Statement [Line Items]"
       }
      }
     },
     "localname": "StatementLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementOfCashFlowsAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Statement of Cash Flows [Abstract]",
        "terseLabel": "Statement of Cash Flows [Abstract]"
       }
      }
     },
     "localname": "StatementOfCashFlowsAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementOfFinancialPositionAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Statement of Financial Position [Abstract]",
        "terseLabel": "Statement of Financial Position [Abstract]"
       }
      }
     },
     "localname": "StatementOfFinancialPositionAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Statement of Comprehensive Income [Abstract]",
        "terseLabel": "Statement of Comprehensive Income [Abstract]"
       }
      }
     },
     "localname": "StatementOfIncomeAndComprehensiveIncomeAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementOfStockholdersEquityAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Statement of Stockholders' Equity [Abstract]",
        "terseLabel": "Statement of Stockholders' Equity [Abstract]"
       }
      }
     },
     "localname": "StatementOfStockholdersEquityAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementTable": {
     "auth_ref": [
      "r131",
      "r132",
      "r134",
      "r163",
      "r549"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule reflecting a Statement of Income, Statement of Cash Flows, Statement of Financial Position, Statement of Shareholders' Equity and Other Comprehensive Income, or other statement as needed.",
        "label": "Statement [Table]",
        "terseLabel": "Statement [Table]"
       }
      }
     },
     "localname": "StatementTable",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StockCompensationPlanMember": {
     "auth_ref": [
      "r160"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Share-based payment arrangement in which award of equity shares are granted. Arrangement includes, but is not limited to, grantor incurring liability for product and service based on price of its shares.",
        "label": "Share-based Payment Arrangement [Member]",
        "terseLabel": "Equity awards"
       }
      }
     },
     "localname": "StockCompensationPlanMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_StockIssuedDuringPeriodSharesNewIssues": {
     "auth_ref": [
      "r17",
      "r18",
      "r330",
      "r335"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of new stock issued during the period.",
        "label": "Stock Issued During Period, Shares, New Issues",
        "verboseLabel": "Issuance of common stock (in shares)"
       }
      }
     },
     "localname": "StockIssuedDuringPeriodSharesNewIssues",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY",
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_StockIssuedDuringPeriodValueAcquisitions": {
     "auth_ref": [
      "r40",
      "r330",
      "r335"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Value of stock issued pursuant to acquisitions during the period.",
        "label": "Stock Issued During Period, Value, Acquisitions",
        "terseLabel": "Issuance of common stock for 5 Arches acquisition"
       }
      }
     },
     "localname": "StockIssuedDuringPeriodValueAcquisitions",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_StockIssuedDuringPeriodValueNewIssues": {
     "auth_ref": [
      "r17",
      "r18",
      "r330",
      "r335"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.",
        "label": "Stock Issued During Period, Value, New Issues",
        "terseLabel": "Issuance of common stock"
       }
      }
     },
     "localname": "StockIssuedDuringPeriodValueNewIssues",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_StockRepurchaseProgramAuthorizedAmount1": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of stock repurchase plan authorized.",
        "label": "Stock Repurchase Program, Authorized Amount",
        "terseLabel": "Common stock authorized to repurchase by Board"
       }
      }
     },
     "localname": "StockRepurchaseProgramAuthorizedAmount1",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount remaining of a stock repurchase plan authorized.",
        "label": "Stock Repurchase Program, Remaining Authorized Repurchase Amount",
        "terseLabel": "Available authorization remaining for repurchase"
       }
      }
     },
     "localname": "StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_StockRepurchasedDuringPeriodShares": {
     "auth_ref": [
      "r17",
      "r18",
      "r330",
      "r335"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.",
        "label": "Stock Repurchased During Period, Shares",
        "terseLabel": "Common stock repurchased (in shares)"
       }
      }
     },
     "localname": "StockRepurchasedDuringPeriodShares",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityAdditionalInformationDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_StockholdersEquity": {
     "auth_ref": [
      "r18",
      "r23",
      "r24",
      "r123",
      "r220",
      "r251",
      "r474"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.",
        "label": "Stockholders' Equity Attributable to Parent",
        "periodEndLabel": "Balance at End of Period",
        "periodStartLabel": "Balance at beginning of period",
        "terseLabel": "Accumulated other comprehensive income (loss)"
       }
      }
     },
     "localname": "StockholdersEquity",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY",
      "http://www.redwoodtrust.com/role/DerivativeFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/EquityChangestoAccumulatedOtherComprehensiveIncomeLossbyComponentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest": {
     "auth_ref": [
      "r123",
      "r131",
      "r132",
      "r134",
      "r136",
      "r142",
      "r251",
      "r252",
      "r335",
      "r368",
      "r369",
      "r370",
      "r382",
      "r383",
      "r402",
      "r403",
      "r420",
      "r474",
      "r477",
      "r478",
      "r483",
      "r642",
      "r643"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS": {
       "order": 2.0,
       "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.",
        "label": "Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest",
        "totalLabel": "Total equity"
       }
      }
     },
     "localname": "StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]",
        "terseLabel": "Equity"
       }
      }
     },
     "localname": "StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETS"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StockholdersEquityNoteDisclosureTextBlock": {
     "auth_ref": [
      "r122",
      "r335",
      "r336"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.",
        "label": "Stockholders' Equity Note Disclosure [Text Block]",
        "terseLabel": "Equity"
       }
      }
     },
     "localname": "StockholdersEquityNoteDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/Equity"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_SubsegmentsAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by business subsegments.",
        "label": "Subsegments [Axis]",
        "terseLabel": "Subsegments [Axis]"
       }
      }
     },
     "localname": "SubsegmentsAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_SubsegmentsDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Divisions of a component of an entity that engage in business activities from which they may earn revenue and incur expenses, including transactions with other components of the same entity.",
        "label": "Subsegments [Domain]",
        "terseLabel": "Subsegments [Domain]"
       }
      }
     },
     "localname": "SubsegmentsDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_SupplementalCashFlowInformationAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Supplemental Cash Flow Information [Abstract]",
        "terseLabel": "Supplemental Cash Flow Information:"
       }
      }
     },
     "localname": "SupplementalCashFlowInformationAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_TextBlockAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Text Block [Abstract]"
       }
      }
     },
     "localname": "TextBlockAbstract",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_TradeNamesMember": {
     "auth_ref": [
      "r396"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Rights acquired through registration of a business name to gain or protect exclusive use thereof.",
        "label": "Trade Names [Member]",
        "terseLabel": "Trade Names [Member]"
       }
      }
     },
     "localname": "TradeNamesMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationIntangibleAssetsActivityDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_TradingSecurities": {
     "auth_ref": [
      "r583"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_MarketableSecurities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).",
        "label": "Debt Securities, Trading, and Equity Securities, FV-NI",
        "terseLabel": "Trading",
        "verboseLabel": "Real estate securities"
       }
      }
     },
     "localname": "TradingSecurities",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesFairValuesofRealEstateSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).",
        "label": "Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]",
        "terseLabel": "Trading Securities by Collateral Type"
       }
      }
     },
     "localname": "TradingSecuritiesAndCertainTradingAssetsTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_TradingSecuritiesDebt": {
     "auth_ref": [
      "r223",
      "r224"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of investment in debt security measured at fair value with change in fair value recognized in net income (trading).",
        "label": "Debt Securities, Trading",
        "terseLabel": "Interest-only, senior and subordinate securities, classified as trading"
       }
      }
     },
     "localname": "TradingSecuritiesDebt",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1": {
     "auth_ref": [
      "r116",
      "r117",
      "r118"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Value of loans held-for-sale transferred to loans held in the entity's portfolio in noncash transactions.",
        "label": "Transfer of Loans Held-for-sale to Portfolio Loans",
        "terseLabel": "Transfers from loans held-for-sale to loans held-for-investment"
       }
      }
     },
     "localname": "TransferOfLoansHeldForSaleToPortfolioLoans1",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS",
      "http://www.redwoodtrust.com/role/ResidentialLoansQuarterlyActivityofResidentialLoansHeldforInvestmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1": {
     "auth_ref": [
      "r116",
      "r117",
      "r118"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Value of loans and leases held in the entity's portfolio transferred to loans and leases held-for-sale in noncash transactions.",
        "label": "Transfer of Portfolio Loans and Leases to Held-for-sale",
        "terseLabel": "Transfers from loans held-for-investment to loans held-for-sale"
       }
      }
     },
     "localname": "TransferOfPortfolioLoansAndLeasesToHeldForSale1",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_TransferToOtherRealEstate": {
     "auth_ref": [
      "r116",
      "r117",
      "r118"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Value transferred from mortgage loans to real estate owned (REO) in noncash transactions.",
        "label": "Real Estate Owned, Transfer to Real Estate Owned",
        "terseLabel": "Transfers from residential loans to real estate owned"
       }
      }
     },
     "localname": "TransferToOtherRealEstate",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain": {
     "auth_ref": [
      "r237",
      "r238",
      "r501",
      "r502",
      "r503",
      "r504",
      "r505",
      "r506",
      "r508",
      "r509",
      "r510",
      "r516",
      "r517",
      "r518",
      "r519",
      "r523",
      "r527",
      "r533",
      "r534",
      "r535",
      "r536",
      "r537",
      "r538",
      "r539",
      "r540",
      "r541",
      "r542",
      "r543",
      "r544",
      "r545",
      "r546",
      "r547"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Instrument or contract that imposes a contractual obligation to deliver cash or another financial instrument or to exchange other financial instruments on potentially unfavorable terms and conveys a contractual right to receive cash or another financial instrument or to exchange other financial instruments on potentially favorable terms.",
        "label": "Financial Instruments [Domain]",
        "terseLabel": "Financial Instruments [Domain]"
       }
      }
     },
     "localname": "TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansActivityandCharacteristicsofBusinessPurposeLoansDetails",
      "http://www.redwoodtrust.com/role/BusinessPurposeLoansClassificationsandCarryingValuesofBusinessPurposeResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/FairValueofFinancialInstrumentsCarryingValuesandEstimatedFairValuesofAssetsandLiabilitiesDetails",
      "http://www.redwoodtrust.com/role/MultifamilyLoansDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsServicingAdvanceInvestmentsDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsSummaryofOtherInvestmentsDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesAvailableforSaleSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesChangesofUnamortizedDiscountandDesignatedCreditReservesonResidentialAvailableforSaleSecuritiesDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesComponentsofCarryingValueofResidentialAvailableforSaleSecuritiesinUnrealizedLossPositionDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesSummaryofSignificantValuationAssumptionsforAvailableforSaleSecuritiesCreditLossDetails",
      "http://www.redwoodtrust.com/role/RealEstateSecuritiesTradingSecuritiesbyCollateralTypeDetails",
      "http://www.redwoodtrust.com/role/ResidentialLoansSummaryofClassificationsandCarryingValueofResidentialLoansDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtCollateralforShortTermDebtFacilitiesDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtOutstandingBalancesofShortTermDebtbyTypeofCollateralSecuringDebtDetails",
      "http://www.redwoodtrust.com/role/ShortTermDebtRemainingMaturitiesofShortTermDebtDetails",
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds": {
     "auth_ref": [
      "r501",
      "r504",
      "r505",
      "r506"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Represents the initial fair value recorded for assets received on transfer of financial assets in a securitization, asset-backed financing arrangement, or a similar transfer which transaction is recognized as a sale of the transferred financial assets.",
        "label": "Transfers of Financial Assets Accounted for as Sale, Initial Fair Value of Assets Obtained as Proceeds",
        "terseLabel": "Real estate securities retained from loan securitizations"
       }
      }
     },
     "localname": "TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums": {
     "auth_ref": [
      "r222"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of deferred fees paid by borrowers and unamortized costs incurred to originate loans and leases, unamortized loan commitments and loan syndication fees, and premiums over or discounts from face amounts of loans that are being amortized into income as an adjustment to yield. Excludes amounts for loans and leases covered under loss sharing agreements.",
        "label": "Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums",
        "terseLabel": "Unamortized capitalized commitment costs"
       }
      }
     },
     "localname": "UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/ShortTermDebtAdditionalInformationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_UnrealizedGainLossOnInvestments": {
     "auth_ref": [
      "r112"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS": {
       "order": 2.0,
       "parentTag": "us-gaap_NoninterestIncome",
       "weight": 1.0
      },
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_NoninterestIncome",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of unrealized gain (loss) on investment.",
        "label": "Unrealized Gain (Loss) on Investments",
        "terseLabel": "Investment fair value changes, net"
       }
      }
     },
     "localname": "UnrealizedGainLossOnInvestments",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/EquityReclassificationsoutofAccumulatedOtherComprehensiveIncomeLossDetails",
      "http://www.redwoodtrust.com/role/OtherInvestmentsAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationComponentsofCorporateOtherDetails",
      "http://www.redwoodtrust.com/role/SegmentInformationFinancialInformationbySegmentDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_UseOfEstimates": {
     "auth_ref": [
      "r168",
      "r169",
      "r170",
      "r171",
      "r172",
      "r173",
      "r174"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.",
        "label": "Use of Estimates, Policy [Policy Text Block]",
        "terseLabel": "Use of Estimates"
       }
      }
     },
     "localname": "UseOfEstimates",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_VariableInterestEntityDisclosureTextBlock": {
     "auth_ref": [
      "r422"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss.",
        "label": "Variable Interest Entity Disclosure [Text Block]",
        "terseLabel": "Principles of Consolidation"
       }
      }
     },
     "localname": "VariableInterestEntityDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidation"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount": {
     "auth_ref": [
      "r413",
      "r417"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The reporting entity's maximum amount of exposure to loss as a result of its involvement with the Variable Interest Entity (VIE).",
        "label": "Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount",
        "totalLabel": "Maximum loss exposure"
       }
      }
     },
     "localname": "VariableInterestEntityEntityMaximumLossExposureAmount",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_VariableInterestEntityLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "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.",
        "label": "Variable Interest Entity [Line Items]",
        "terseLabel": "Variable Interest Entity [Line Items]"
       }
      }
     },
     "localname": "VariableInterestEntityLineItems",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Variable Interest Entities (VIE) in which the entity does not have a controlling financial interest (as defined) and of which it is therefore not the primary beneficiary. VIEs of which the entity is not the primary beneficiary because it does not have the power to direct the activities of the VIE that most significantly impact the VIE's economic performance and for which it does not have the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE are not included in the consolidated financial statements of the entity.",
        "label": "Variable Interest Entity, Not Primary Beneficiary [Member]",
        "terseLabel": "Variable Interest Entity, Not Primary Beneficiary"
       }
      }
     },
     "localname": "VariableInterestEntityNotPrimaryBeneficiaryMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssumptionsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationCashFlowsRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationKeyAssumptionsandSensitivityAnalysisforAssetsRetainedfromUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSecuritizationActivityRelatedtoUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofRedwoodsInterestinThirdPartyVariableInterestEntitysDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationSummaryofUnconsolidatedVariableInterestEntitysSponsoredbyRedwoodDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_VariableInterestEntityOwnershipPercentage": {
     "auth_ref": [
      "r415"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Percentage of the Variable Interest Entity's (VIE) voting interest owned by (or beneficial interest in) the reporting entity (directly or indirectly).",
        "label": "Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage",
        "terseLabel": "VIE, ownership interest rate"
       }
      }
     },
     "localname": "VariableInterestEntityOwnershipPercentage",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/BasisofPresentationNarrativeDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_VariableInterestEntityPrimaryBeneficiaryMember": {
     "auth_ref": [
      "r405",
      "r406",
      "r410",
      "r411",
      "r412"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Variable Interest Entities (VIE) in which the entity has a controlling financial interest (as defined) and of which it is therefore the primary beneficiary. A controlling financial interest is determined based on both: (a) the entity's power to direct activities of the VIE that most significantly impact the VIE's economic performance and (b) the entity's obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. VIEs of which the entity is the primary beneficiary are included in the consolidated financial statements of the entity.",
        "label": "Variable Interest Entity, Primary Beneficiary [Member]",
        "terseLabel": "Variable Interest Entity, Primary Beneficiary"
       }
      }
     },
     "localname": "VariableInterestEntityPrimaryBeneficiaryMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/AssetBackedSecuritiesIssuedAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/CONSOLIDATEDBALANCESHEETSPARENTHETICAL",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAdditionalInformationDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationAssetsandLiabilitiesofConsolidatedVariableInterestEntitiesAccountedforasCollateralizedFinancingEntitiesDetails",
      "http://www.redwoodtrust.com/role/PrinciplesofConsolidationIncomeLossfromConsolidatedVIEsAccountedforasCollateralizedFinancingEntitiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_VariableRateAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of variable rate.",
        "label": "Variable Rate [Axis]",
        "terseLabel": "Variable Rate [Axis]"
       }
      }
     },
     "localname": "VariableRateAxis",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_VariableRateDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest rate that fluctuates over time as a result of an underlying benchmark interest rate or index.",
        "label": "Variable Rate [Domain]",
        "terseLabel": "Variable Rate [Domain]"
       }
      }
     },
     "localname": "VariableRateDomain",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/LongTermDebtScheduleofComponentsofLongTermDebtDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_WarehouseAgreementBorrowingsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A revolving line of credit facility used by mortgage bankers to finance the origination or purchase of loans.",
        "label": "Warehouse Agreement Borrowings [Member]",
        "terseLabel": "Loan warehouse debt"
       }
      }
     },
     "localname": "WarehouseAgreementBorrowingsMember",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/SummaryofSignificantAccountingPoliciesOffsettingofFinancialAssetsLiabilitiesandCollateralDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment": {
     "auth_ref": [
      "r159"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding",
       "weight": 1.0
      }
     },
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation.",
        "label": "Weighted Average Number Diluted Shares Outstanding Adjustment",
        "terseLabel": "Net effect of dilutive equity awards (in shares)"
       }
      }
     },
     "localname": "WeightedAverageNumberDilutedSharesOutstandingAdjustment",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding": {
     "auth_ref": [
      "r148",
      "r159"
     ],
     "calculation": {
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.",
        "label": "Weighted Average Number of Shares Outstanding, Diluted",
        "terseLabel": "Diluted weighted average shares outstanding (in shares)",
        "totalLabel": "Diluted weighted average common shares outstanding (in shares)"
       }
      }
     },
     "localname": "WeightedAverageNumberOfDilutedSharesOutstanding",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted": {
     "auth_ref": [],
     "calculation": {
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding",
       "weight": 1.0
      }
     },
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).",
        "label": "Weighted Average Number of Shares Outstanding, Basic and Diluted",
        "terseLabel": "Weighted average common shares outstanding (in shares)"
       }
      }
     },
     "localname": "WeightedAverageNumberOfShareOutstandingBasicAndDiluted",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_WeightedAverageNumberOfSharesOutstandingBasic": {
     "auth_ref": [
      "r146",
      "r159"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.",
        "label": "Weighted Average Number of Shares Outstanding, Basic",
        "terseLabel": "Basic weighted average common shares outstanding (in shares)",
        "verboseLabel": "Basic weighted average shares outstanding (in shares)"
       }
      }
     },
     "localname": "WeightedAverageNumberOfSharesOutstandingBasic",
     "nsuri": "http://fasb.org/us-gaap/2020-01-31",
     "presentation": [
      "http://www.redwoodtrust.com/role/CONSOLIDATEDSTATEMENTSOFINCOMELOSS",
      "http://www.redwoodtrust.com/role/EquityBasicandDilutedEarningsPerCommonShareDetails"
     ],
     "xbrltype": "sharesItemType"
    }
   },
   "unitCount": 15
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(d)",
   "Topic": "205",
   "URI": "http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760"
  },
  "r1": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "205",
   "URI": "http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760"
  },
  "r10": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(17))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r100": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(f)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3291-108585"
  },
  "r101": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3291-108585"
  },
  "r102": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "16",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3337-108585"
  },
  "r103": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "17",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3367-108585"
  },
  "r104": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "19",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3444-108585"
  },
  "r105": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "21",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3461-108585"
  },
  "r106": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "24",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3521-108585"
  },
  "r107": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "25",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(e)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3536-108585"
  },
  "r108": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "25",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(f)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3536-108585"
  },
  "r109": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "25",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(g)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3536-108585"
  },
  "r11": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(19)(a))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r110": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "25",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3536-108585"
  },
  "r111": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "28",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585"
  },
  "r112": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "28",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585"
  },
  "r113": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "28",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585"
  },
  "r114": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3044-108585"
  },
  "r115": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121583591&loc=d3e4297-108586"
  },
  "r116": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121583591&loc=d3e4304-108586"
  },
  "r117": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121583591&loc=d3e4313-108586"
  },
  "r118": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121583591&loc=d3e4332-108586"
  },
  "r119": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121583591&loc=SL98516268-108586"
  },
  "r12": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(19))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r120": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790"
  },
  "r121": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.4-08(d))",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690"
  },
  "r122": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.4-08(e)(1))",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690"
  },
  "r123": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.4-08(g)(1)(ii))",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690"
  },
  "r124": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.4-08(h))",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690"
  },
  "r125": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.4-08.(e),(f))",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690"
  },
  "r126": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.4-08.(h)(1)(i))",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690"
  },
  "r127": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.4-08.(m)(1)(a)(i))",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690"
  },
  "r128": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.4-08.(m)(1)(i)(A))",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690"
  },
  "r129": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.12-04(a))",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690"
  },
  "r13": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(20))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r130": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "235",
   "URI": "http://asc.fasb.org/topic&trid=2122369"
  },
  "r131": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "23",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=115929471&loc=d3e21914-107793"
  },
  "r132": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "24",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=115929471&loc=d3e21930-107793"
  },
  "r133": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "27",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=115929471&loc=d3e22044-107793"
  },
  "r134": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=115929471&loc=d3e21711-107793"
  },
  "r135": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)(2)",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794"
  },
  "r136": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)(3)",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794"
  },
  "r137": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794"
  },
  "r138": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794"
  },
  "r139": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794"
  },
  "r14": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(22))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r140": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22595-107794"
  },
  "r141": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794"
  },
  "r142": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794"
  },
  "r143": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794"
  },
  "r144": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794"
  },
  "r145": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794"
  },
  "r146": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=121326447&loc=d3e1448-109256"
  },
  "r147": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=121326447&loc=d3e1377-109256"
  },
  "r148": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "16",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=121326447&loc=d3e1505-109256"
  },
  "r149": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=121326447&loc=d3e1252-109256"
  },
  "r15": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(24))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r150": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=121326447&loc=d3e1278-109256"
  },
  "r151": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "40",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=121326447&loc=d3e1930-109256"
  },
  "r152": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "42",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=121326447&loc=d3e2029-109256"
  },
  "r153": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "55",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=121326447&loc=d3e2626-109256"
  },
  "r154": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "60",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=121326447&loc=d3e2740-109256"
  },
  "r155": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "60B",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256"
  },
  "r156": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "60B",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256"
  },
  "r157": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "60B",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256"
  },
  "r158": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=121326447&loc=d3e1337-109256"
  },
  "r159": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257"
  },
  "r16": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(27))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r160": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257"
  },
  "r161": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "10",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=120380238&loc=d3e3842-109258"
  },
  "r162": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "52",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "10",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=120380238&loc=d3e4984-109258"
  },
  "r163": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "272",
   "URI": "http://asc.fasb.org/extlink&oid=6828210&loc=d3e70191-108054"
  },
  "r164": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "272",
   "URI": "http://asc.fasb.org/extlink&oid=6828210&loc=d3e70229-108054"
  },
  "r165": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "272",
   "URI": "http://asc.fasb.org/extlink&oid=6373374&loc=d3e70434-108055"
  },
  "r166": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "272",
   "URI": "http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055"
  },
  "r167": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "275",
   "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592"
  },
  "r168": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "275",
   "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592"
  },
  "r169": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "275",
   "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592"
  },
  "r17": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(28))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r170": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "275",
   "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6161-108592"
  },
  "r171": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "12",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "275",
   "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6191-108592"
  },
  "r172": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "275",
   "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6061-108592"
  },
  "r173": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "275",
   "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6132-108592"
  },
  "r174": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "275",
   "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6143-108592"
  },
  "r175": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "275",
   "URI": "http://asc.fasb.org/topic&trid=2134479"
  },
  "r176": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599"
  },
  "r177": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "18",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8672-108599"
  },
  "r178": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "21",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599"
  },
  "r179": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "21",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599"
  },
  "r18": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(29))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r180": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599"
  },
  "r181": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599"
  },
  "r182": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599"
  },
  "r183": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599"
  },
  "r184": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(e)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599"
  },
  "r185": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(f)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599"
  },
  "r186": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(g)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599"
  },
  "r187": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(h)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599"
  },
  "r188": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(j)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599"
  },
  "r189": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599"
  },
  "r19": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(3))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r190": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "25",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599"
  },
  "r191": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "25",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599"
  },
  "r192": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "25",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599"
  },
  "r193": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "26",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599"
  },
  "r194": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "30",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599"
  },
  "r195": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "30",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599"
  },
  "r196": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "30",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599"
  },
  "r197": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "30",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599"
  },
  "r198": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "30",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599"
  },
  "r199": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "31",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599"
  },
  "r2": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Topic": "205",
   "URI": "http://asc.fasb.org/extlink&oid=77885760&loc=SL35686385-199418"
  },
  "r20": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(30)(a)(1))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r200": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "32",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599"
  },
  "r201": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "32",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599"
  },
  "r202": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "32",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599"
  },
  "r203": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "32",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599"
  },
  "r204": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "32",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(e)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599"
  },
  "r205": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "32",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(f)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599"
  },
  "r206": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "34",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599"
  },
  "r207": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e8475-108599"
  },
  "r208": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "40",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599"
  },
  "r209": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "41",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599"
  },
  "r21": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(30)(a)(3))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r210": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "42",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599"
  },
  "r211": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "280",
   "URI": "http://asc.fasb.org/topic&trid=2134510"
  },
  "r212": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "310",
   "URI": "http://asc.fasb.org/extlink&oid=121593590&loc=d3e4428-111522"
  },
  "r213": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "310",
   "URI": "http://asc.fasb.org/extlink&oid=121593590&loc=d3e4437-111522"
  },
  "r214": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "310",
   "URI": "http://asc.fasb.org/extlink&oid=121611835&loc=d3e5162-111524"
  },
  "r215": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11B",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(f)",
   "Topic": "310",
   "URI": "http://asc.fasb.org/extlink&oid=121611835&loc=SL6953423-111524"
  },
  "r216": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "310",
   "URI": "http://asc.fasb.org/extlink&oid=121611835&loc=d3e5066-111524"
  },
  "r217": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "310",
   "URI": "http://asc.fasb.org/extlink&oid=121611835&loc=d3e5086-111524"
  },
  "r218": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "310",
   "URI": "http://asc.fasb.org/extlink&oid=121611835&loc=d3e5111-111524"
  },
  "r219": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "310",
   "URI": "http://asc.fasb.org/extlink&oid=121611835&loc=SL6953401-111524"
  },
  "r22": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(30)(a)(4))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r220": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SAB Topic 4.E)",
   "Topic": "310",
   "URI": "http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707"
  },
  "r221": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "SubTopic": "10",
   "Topic": "310",
   "URI": "http://asc.fasb.org/subtopic&trid=2196772"
  },
  "r222": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "20",
   "Topic": "310",
   "URI": "http://asc.fasb.org/extlink&oid=6378536&loc=d3e10092-111533"
  },
  "r223": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121553693&loc=d3e26610-111562"
  },
  "r224": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121553693&loc=d3e26610-111562"
  },
  "r225": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121553693&loc=d3e26853-111562"
  },
  "r226": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27405-111563"
  },
  "r227": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=SL6283291-111563"
  },
  "r228": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27161-111563"
  },
  "r229": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(aa)",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27161-111563"
  },
  "r23": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(30))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r230": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(aaa)",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27161-111563"
  },
  "r231": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27161-111563"
  },
  "r232": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27161-111563"
  },
  "r233": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27161-111563"
  },
  "r234": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27198-111563"
  },
  "r235": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27198-111563"
  },
  "r236": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27198-111563"
  },
  "r237": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27232-111563"
  },
  "r238": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=SL120269820-111563"
  },
  "r239": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27290-111563"
  },
  "r24": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(31))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r240": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)(3)",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27290-111563"
  },
  "r241": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27290-111563"
  },
  "r242": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27337-111563"
  },
  "r243": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27340-111563"
  },
  "r244": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8B",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=SL6284393-111563"
  },
  "r245": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27357-111563"
  },
  "r246": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)-(d)",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27357-111563"
  },
  "r247": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=121645371&loc=d3e27357-111563"
  },
  "r248": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "320",
   "URI": "http://asc.fasb.org/topic&trid=2196928"
  },
  "r249": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "323",
   "URI": "http://asc.fasb.org/extlink&oid=109237563&loc=d3e33749-111570"
  },
  "r25": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(32))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r250": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)(1)",
   "Topic": "323",
   "URI": "http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571"
  },
  "r251": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "323",
   "URI": "http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571"
  },
  "r252": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121646688&loc=SL121648383-210437"
  },
  "r253": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(e)(3)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121646688&loc=SL121648383-210437"
  },
  "r254": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(e)(4)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121646688&loc=SL121648383-210437"
  },
  "r255": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(i)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121599337&loc=SL82919244-210447"
  },
  "r256": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121599337&loc=SL82919244-210447"
  },
  "r257": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447"
  },
  "r258": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "14",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121599337&loc=SL82919253-210447"
  },
  "r259": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "16",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121599337&loc=SL82919258-210447"
  },
  "r26": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(4))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r260": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447"
  },
  "r261": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447"
  },
  "r262": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121647567&loc=SL82921830-210448"
  },
  "r263": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121647567&loc=SL82921833-210448"
  },
  "r264": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "12",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Subparagraph": "(b)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121647567&loc=SL82921835-210448"
  },
  "r265": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "12",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Subparagraph": "(d)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121647567&loc=SL82921835-210448"
  },
  "r266": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "12",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Subparagraph": "(d)(1)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121647567&loc=SL82921835-210448"
  },
  "r267": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "12",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Subparagraph": "(d)(2)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121647567&loc=SL82921835-210448"
  },
  "r268": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "79",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121647567&loc=SL82922352-210448"
  },
  "r269": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "80",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121647567&loc=SL82922355-210448"
  },
  "r27": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.1)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r270": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121558606&loc=SL82898722-210454"
  },
  "r271": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121558606&loc=SL82922868-210454"
  },
  "r272": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(b)(3)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121582814&loc=SL82922888-210455"
  },
  "r273": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121582814&loc=SL82922888-210455"
  },
  "r274": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121582814&loc=SL82922890-210455"
  },
  "r275": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121582814&loc=SL82922895-210455"
  },
  "r276": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121582814&loc=SL82922897-210455"
  },
  "r277": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(a)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121582814&loc=SL82922900-210455"
  },
  "r278": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(b)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121582814&loc=SL82922900-210455"
  },
  "r279": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(c)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121582814&loc=SL82922900-210455"
  },
  "r28": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.12)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r280": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(d)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121582814&loc=SL82922900-210455"
  },
  "r281": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(e)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121582814&loc=SL82922900-210455"
  },
  "r282": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(f)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121582814&loc=SL82922900-210455"
  },
  "r283": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(g)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121582814&loc=SL82922900-210455"
  },
  "r284": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(h)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121582814&loc=SL82922900-210455"
  },
  "r285": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(i)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121582814&loc=SL82922900-210455"
  },
  "r286": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121582814&loc=SL82922900-210455"
  },
  "r287": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "30",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121590138&loc=SL82922954-210456"
  },
  "r288": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "20",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=99380562&loc=d3e13777-109266"
  },
  "r289": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(e)",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267"
  },
  "r29": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.13)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r290": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267"
  },
  "r291": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267"
  },
  "r292": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(a)",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275"
  },
  "r293": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(d)",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275"
  },
  "r294": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(a)",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275"
  },
  "r295": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(a)(1)",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275"
  },
  "r296": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(a)(2)",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275"
  },
  "r297": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(a)(3)",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275"
  },
  "r298": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(d)",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275"
  },
  "r299": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "360",
   "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229"
  },
  "r3": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "205",
   "URI": "http://asc.fasb.org/topic&trid=2122149"
  },
  "r30": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.14)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r300": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "360",
   "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229"
  },
  "r301": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "360",
   "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229"
  },
  "r302": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "360",
   "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229"
  },
  "r303": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "360",
   "URI": "http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230"
  },
  "r304": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(f)",
   "Topic": "360",
   "URI": "http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230"
  },
  "r305": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "420",
   "URI": "http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869"
  },
  "r306": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SAB Topic 5.P.4(d))",
   "Topic": "420",
   "URI": "http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747"
  },
  "r307": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "440",
   "URI": "http://asc.fasb.org/extlink&oid=121559207&loc=d3e25336-109308"
  },
  "r308": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "440",
   "URI": "http://asc.fasb.org/extlink&oid=121559207&loc=d3e25336-109308"
  },
  "r309": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "440",
   "URI": "http://asc.fasb.org/topic&trid=2144648"
  },
  "r31": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.19(a))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r310": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "450",
   "URI": "http://asc.fasb.org/extlink&oid=121557415&loc=d3e14326-108349"
  },
  "r311": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "450",
   "URI": "http://asc.fasb.org/extlink&oid=121557415&loc=d3e14615-108349"
  },
  "r312": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "450",
   "URI": "http://asc.fasb.org/extlink&oid=121557415&loc=d3e14394-108349"
  },
  "r313": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "450",
   "URI": "http://asc.fasb.org/extlink&oid=121557415&loc=d3e14435-108349"
  },
  "r314": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "450",
   "URI": "http://asc.fasb.org/extlink&oid=121557415&loc=d3e14453-108349"
  },
  "r315": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "450",
   "URI": "http://asc.fasb.org/extlink&oid=121557415&loc=d3e14472-108349"
  },
  "r316": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "450",
   "URI": "http://asc.fasb.org/extlink&oid=121557415&loc=d3e14557-108349"
  },
  "r317": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "450",
   "URI": "http://asc.fasb.org/topic&trid=2127136"
  },
  "r318": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "25",
   "SubTopic": "10",
   "Topic": "460",
   "URI": "http://asc.fasb.org/extlink&oid=121555860&loc=d3e11019-110243"
  },
  "r319": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "25",
   "SubTopic": "10",
   "Topic": "460",
   "URI": "http://asc.fasb.org/extlink&oid=121555860&loc=d3e11049-110243"
  },
  "r32": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.19(b))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r320": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "460",
   "URI": "http://asc.fasb.org/extlink&oid=121555522&loc=d3e12021-110248"
  },
  "r321": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "460",
   "URI": "http://asc.fasb.org/extlink&oid=121555522&loc=d3e12053-110248"
  },
  "r322": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "460",
   "URI": "http://asc.fasb.org/extlink&oid=121555522&loc=d3e12201-110248"
  },
  "r323": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=6802200&loc=SL6230698-112601"
  },
  "r324": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10",
   "Publisher": "FASB",
   "Section": "25",
   "SubTopic": "20",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=109126253&loc=d3e4852-112606"
  },
  "r325": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(1)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=120520924&loc=SL6031897-161870"
  },
  "r326": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(2)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=120520924&loc=SL6031897-161870"
  },
  "r327": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(3)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=120520924&loc=SL6031897-161870"
  },
  "r328": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "470",
   "URI": "http://asc.fasb.org/topic&trid=2208564"
  },
  "r329": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "63",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "10",
   "Topic": "480",
   "URI": "http://asc.fasb.org/extlink&oid=117411753&loc=d3e23176-110880"
  },
  "r33": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.19(b),22(b))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r330": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644"
  },
  "r331": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644"
  },
  "r332": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644"
  },
  "r333": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644"
  },
  "r334": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644"
  },
  "r335": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.3-04)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770"
  },
  "r336": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "505",
   "URI": "http://asc.fasb.org/topic&trid=2208762"
  },
  "r337": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "610",
   "URI": "http://asc.fasb.org/topic&trid=49130413"
  },
  "r338": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "25",
   "SubTopic": "10",
   "Topic": "710",
   "URI": "http://asc.fasb.org/extlink&oid=6409733&loc=d3e19524-108361"
  },
  "r339": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "30",
   "SubTopic": "10",
   "Topic": "710",
   "URI": "http://asc.fasb.org/extlink&oid=6409875&loc=d3e20015-108363"
  },
  "r34": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.19)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r340": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(d)(i)",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920"
  },
  "r341": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(d)(ii)",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920"
  },
  "r342": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(d)(iv)(01)",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920"
  },
  "r343": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(d)(iv)(02)",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920"
  },
  "r344": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(d)(iv)(02)(A)",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920"
  },
  "r345": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(d)(iv)(02)(B)",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920"
  },
  "r346": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(d)(iv)(02)(C)",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920"
  },
  "r347": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(d)(iv)(03)",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920"
  },
  "r348": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(n)",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920"
  },
  "r349": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "17",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921"
  },
  "r35": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.19-26)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r350": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "80",
   "Subparagraph": "(a)",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=65877416&loc=SL14450702-114947"
  },
  "r351": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "80",
   "Subparagraph": "(d)",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=65877416&loc=SL14450657-114947"
  },
  "r352": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "80",
   "Subparagraph": "(a)",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=65877416&loc=SL14450673-114947"
  },
  "r353": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "80",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=35742348&loc=SL14450788-114948"
  },
  "r354": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "35",
   "SubTopic": "10",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=121326096&loc=d3e4534-113899"
  },
  "r355": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901"
  },
  "r356": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901"
  },
  "r357": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901"
  },
  "r358": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)(1)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901"
  },
  "r359": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a),(g)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901"
  },
  "r36": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.20)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r360": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)(1)(iv)(3)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901"
  },
  "r361": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)(2)(i)-(ii)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901"
  },
  "r362": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)(2)(iii)(1)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901"
  },
  "r363": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)(2)(iii)(2)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901"
  },
  "r364": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(h)(1)(i)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901"
  },
  "r365": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(h)(1)(ii)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901"
  },
  "r366": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(i)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901"
  },
  "r367": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901"
  },
  "r368": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(e)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333"
  },
  "r369": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(f)(1)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333"
  },
  "r37": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.22(a)(1))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r370": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(f)(2)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333"
  },
  "r371": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(g)(2)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333"
  },
  "r372": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SAB Topic 14.F)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809"
  },
  "r373": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "12",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120383193&loc=d3e11149-113907"
  },
  "r374": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120383193&loc=d3e11178-113907"
  },
  "r375": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "718",
   "URI": "http://asc.fasb.org/topic&trid=2228938"
  },
  "r376": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "720",
   "URI": "http://asc.fasb.org/topic&trid=2122503"
  },
  "r377": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32672-109319"
  },
  "r378": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "12",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319"
  },
  "r379": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "14",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32705-109319"
  },
  "r38": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.22)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r380": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "17",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32809-109319"
  },
  "r381": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "21",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32857-109319"
  },
  "r382": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(d)(2)",
   "Topic": "740"
  },
  "r383": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(d)(3)",
   "Topic": "740"
  },
  "r384": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SAB TOPIC 6.I.5.Q1)",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=116825942&loc=d3e330036-122817"
  },
  "r385": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SAB TOPIC 6.I.7)",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=116825942&loc=d3e330036-122817"
  },
  "r386": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SAB Topic 6.I.Fact.4)",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=116825942&loc=d3e330036-122817"
  },
  "r387": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SAB Topic 11.C)",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=116825942&loc=d3e330215-122817"
  },
  "r388": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "20",
   "Subparagraph": "(a)",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=120385591&loc=d3e38679-109324"
  },
  "r389": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "270",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338"
  },
  "r39": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.25)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r390": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(a)",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331"
  },
  "r391": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "740",
   "URI": "http://asc.fasb.org/topic&trid=2144680"
  },
  "r392": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "805",
   "URI": "http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463"
  },
  "r393": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "805",
   "URI": "http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463"
  },
  "r394": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "37",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "10",
   "Topic": "805",
   "URI": "http://asc.fasb.org/extlink&oid=121600890&loc=d3e2207-128464"
  },
  "r395": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(c)",
   "Topic": "805",
   "URI": "http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472"
  },
  "r396": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "14",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Subparagraph": "(a)",
   "Topic": "805",
   "URI": "http://asc.fasb.org/extlink&oid=121598580&loc=d3e5263-128473"
  },
  "r397": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "14",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Subparagraph": "(e)",
   "Topic": "805",
   "URI": "http://asc.fasb.org/extlink&oid=121598580&loc=d3e5263-128473"
  },
  "r398": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "38",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "805",
   "URI": "http://asc.fasb.org/extlink&oid=121598580&loc=d3e5504-128473"
  },
  "r399": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "30",
   "SubTopic": "30",
   "Topic": "805",
   "URI": "http://asc.fasb.org/extlink&oid=116859721&loc=d3e6578-128477"
  },
  "r4": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=121566466&loc=d3e6676-107765"
  },
  "r40": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.29-31)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r400": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "30",
   "SubTopic": "30",
   "Topic": "805",
   "URI": "http://asc.fasb.org/extlink&oid=116859721&loc=d3e6613-128477"
  },
  "r401": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(b)(4)",
   "Topic": "805",
   "URI": "http://asc.fasb.org/extlink&oid=120321790&loc=d3e6927-128479"
  },
  "r402": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=108774443&loc=SL4568447-111683"
  },
  "r403": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "16",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=108774443&loc=SL4568740-111683"
  },
  "r404": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "19",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=108774443&loc=SL4569616-111683"
  },
  "r405": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "25",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=116870748&loc=SL6758485-165988"
  },
  "r406": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "25",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=116870748&loc=SL6758485-165988"
  },
  "r407": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=d3e5614-111684"
  },
  "r408": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)(3)",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684"
  },
  "r409": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c),(3)",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684"
  },
  "r41": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.3,4)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r410": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(bb)",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=121559654&loc=d3e5710-111685"
  },
  "r411": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=121559654&loc=d3e5710-111685"
  },
  "r412": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=121559654&loc=d3e5710-111685"
  },
  "r413": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "b",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=121559654&loc=d3e5728-111685"
  },
  "r414": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=121559654&loc=d3e5728-111685"
  },
  "r415": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=121559654&loc=SL6759159-111685"
  },
  "r416": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=121559654&loc=SL6759159-111685"
  },
  "r417": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=121559654&loc=d3e5747-111685"
  },
  "r418": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=121559654&loc=d3e5747-111685"
  },
  "r419": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=121559654&loc=SL6228884-111685"
  },
  "r42": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.8)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r420": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4I",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=120409616&loc=SL4590271-111686"
  },
  "r421": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4K",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=120409616&loc=SL4591552-111686"
  },
  "r422": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "810",
   "URI": "http://asc.fasb.org/topic&trid=2197479"
  },
  "r423": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=SL5579240-113959"
  },
  "r424": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959"
  },
  "r425": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959"
  },
  "r426": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=SL5580258-113959"
  },
  "r427": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)(1)(ii)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=d3e41620-113959"
  },
  "r428": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=d3e41620-113959"
  },
  "r429": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=d3e41638-113959"
  },
  "r43": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.8,17)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r430": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959"
  },
  "r431": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)(1)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959"
  },
  "r432": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4B",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a),(c)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959"
  },
  "r433": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4B",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)(1)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959"
  },
  "r434": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4B",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959"
  },
  "r435": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4C",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959"
  },
  "r436": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4C",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959"
  },
  "r437": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4D",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=SL5624177-113959"
  },
  "r438": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4D",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)(1)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=SL5624177-113959"
  },
  "r439": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4D",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=SL5624177-113959"
  },
  "r44": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(3))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13728-122682"
  },
  "r440": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4D",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=SL5624177-113959"
  },
  "r441": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4E",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959"
  },
  "r442": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4F",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=SL5624186-113959"
  },
  "r443": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=d3e41641-113959"
  },
  "r444": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=d3e41678-113959"
  },
  "r445": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121590274&loc=d3e41678-113959"
  },
  "r446": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "25",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121577467&loc=d3e76258-113986"
  },
  "r447": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(c)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121549185&loc=d3e80748-113994"
  },
  "r448": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "40",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=120519210&loc=d3e90193-114008"
  },
  "r449": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "40",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=120519210&loc=d3e90198-114008"
  },
  "r45": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "20",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=49176635&loc=d3e9760-107771"
  },
  "r450": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "40",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=120519210&loc=d3e90205-114008"
  },
  "r451": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "40",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=120519491&loc=d3e90476-114009"
  },
  "r452": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "815",
   "URI": "http://asc.fasb.org/topic&trid=2229140"
  },
  "r453": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "820",
   "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258"
  },
  "r454": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "820",
   "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258"
  },
  "r455": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(bb)",
   "Topic": "820",
   "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258"
  },
  "r456": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(bbb)",
   "Topic": "820",
   "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258"
  },
  "r457": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(bbb)(1)",
   "Topic": "820",
   "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258"
  },
  "r458": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(bbb)(2)",
   "Topic": "820",
   "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258"
  },
  "r459": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "820",
   "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258"
  },
  "r46": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(a)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312"
  },
  "r460": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)(1)",
   "Topic": "820",
   "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258"
  },
  "r461": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)(1a)",
   "Topic": "820",
   "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258"
  },
  "r462": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)(2)",
   "Topic": "820",
   "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258"
  },
  "r463": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "820",
   "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258"
  },
  "r464": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(h)",
   "Topic": "820",
   "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258"
  },
  "r465": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "820",
   "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258"
  },
  "r466": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "820",
   "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258"
  },
  "r467": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "820",
   "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=SL6742756-110258"
  },
  "r468": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "820",
   "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=SL6742756-110258"
  },
  "r469": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "825",
   "URI": "http://asc.fasb.org/extlink&oid=116690757&loc=d3e13220-108610"
  },
  "r47": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312"
  },
  "r470": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "825",
   "URI": "http://asc.fasb.org/extlink&oid=121572278&loc=d3e13433-108611"
  },
  "r471": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "825",
   "URI": "http://asc.fasb.org/extlink&oid=121572278&loc=d3e13467-108611"
  },
  "r472": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "12",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "825",
   "URI": "http://asc.fasb.org/extlink&oid=121572278&loc=d3e13476-108611"
  },
  "r473": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "28",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(e)(1)",
   "Topic": "825",
   "URI": "http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612"
  },
  "r474": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "28",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(f)",
   "Topic": "825",
   "URI": "http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612"
  },
  "r475": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "30",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "825",
   "URI": "http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612"
  },
  "r476": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "230",
   "Topic": "830",
   "URI": "http://asc.fasb.org/extlink&oid=98513438&loc=d3e33268-110906"
  },
  "r477": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "17",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Topic": "830",
   "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32136-110900"
  },
  "r478": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "20",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Subparagraph": "(a)",
   "Topic": "830",
   "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900"
  },
  "r479": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "20",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Subparagraph": "(b)",
   "Topic": "830",
   "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900"
  },
  "r48": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(c)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312"
  },
  "r480": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "20",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Subparagraph": "(c)",
   "Topic": "830",
   "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900"
  },
  "r481": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "20",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Subparagraph": "(d)",
   "Topic": "830",
   "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900"
  },
  "r482": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "20",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Topic": "830",
   "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900"
  },
  "r483": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Topic": "830",
   "URI": "http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901"
  },
  "r484": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(a)",
   "Topic": "835",
   "URI": "http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391"
  },
  "r485": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Topic": "835",
   "URI": "http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399"
  },
  "r486": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Topic": "835",
   "URI": "http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399"
  },
  "r487": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Topic": "835",
   "URI": "http://asc.fasb.org/extlink&oid=119993939&loc=d3e28555-108399"
  },
  "r488": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "30",
   "Topic": "835",
   "URI": "http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400"
  },
  "r489": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "20",
   "Subparagraph": "(a)",
   "Topic": "842",
   "URI": "http://asc.fasb.org/extlink&oid=121603541&loc=SL77918627-209977"
  },
  "r49": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(d)(2)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312"
  },
  "r490": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "20",
   "Subparagraph": "(b)",
   "Topic": "842",
   "URI": "http://asc.fasb.org/extlink&oid=121603541&loc=SL77918627-209977"
  },
  "r491": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "20",
   "Topic": "842",
   "URI": "http://asc.fasb.org/extlink&oid=121603541&loc=SL77918631-209977"
  },
  "r492": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)",
   "Topic": "842",
   "URI": "http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980"
  },
  "r493": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(g)(2)",
   "Topic": "842",
   "URI": "http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980"
  },
  "r494": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(g)(3)",
   "Topic": "842",
   "URI": "http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980"
  },
  "r495": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(g)(4)",
   "Topic": "842",
   "URI": "http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980"
  },
  "r496": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "842",
   "URI": "http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980"
  },
  "r497": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "53",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "842",
   "URI": "http://asc.fasb.org/extlink&oid=121568110&loc=SL77918982-209971"
  },
  "r498": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "850",
   "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864"
  },
  "r499": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "850",
   "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864"
  },
  "r5": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=121566466&loc=d3e6935-107765"
  },
  "r50": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(e)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312"
  },
  "r500": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "850",
   "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864"
  },
  "r501": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(2)(i)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r502": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(2)(ii)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r503": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(3)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r504": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(bb)(1)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r505": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(bb)(2)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r506": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(bb)(3)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r507": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(c)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r508": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(c)(1)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r509": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(c)(2)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r51": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313"
  },
  "r510": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(c)(3)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r511": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(d)(1)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r512": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(d)(4)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r513": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(a)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719"
  },
  "r514": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(a)(2)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719"
  },
  "r515": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(a)(3)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719"
  },
  "r516": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(1)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719"
  },
  "r517": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(2)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719"
  },
  "r518": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(3)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719"
  },
  "r519": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(c)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719"
  },
  "r52": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=99393222&loc=SL20226016-175313"
  },
  "r520": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(e)(4)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719"
  },
  "r521": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719"
  },
  "r522": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4D",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(c)(2)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=SL51823488-111719"
  },
  "r523": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=66007379&loc=d3e113888-111728"
  },
  "r524": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(b)(1)(i)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729"
  },
  "r525": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(c)(2)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729"
  },
  "r526": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729"
  },
  "r527": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(a)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=109249958&loc=SL34722452-111729"
  },
  "r528": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(b)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=109249958&loc=SL34722452-111729"
  },
  "r529": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "50",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=6469459&loc=d3e122492-111745"
  },
  "r53": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=99393222&loc=SL20226000-175313"
  },
  "r530": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "50",
   "Subparagraph": "(a)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=6469459&loc=d3e122501-111745"
  },
  "r531": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "50",
   "Subparagraph": "(b)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=6469459&loc=d3e122501-111745"
  },
  "r532": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746"
  },
  "r533": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(1)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746"
  },
  "r534": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(2)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746"
  },
  "r535": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(3)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746"
  },
  "r536": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(4)(i)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746"
  },
  "r537": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(1)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=116651436&loc=d3e122739-111746"
  },
  "r538": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(2)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=116651436&loc=d3e122739-111746"
  },
  "r539": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(3)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=116651436&loc=d3e122739-111746"
  },
  "r54": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=99393222&loc=SL20226003-175313"
  },
  "r540": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(4)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=116651436&loc=d3e122739-111746"
  },
  "r541": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(5)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=116651436&loc=d3e122739-111746"
  },
  "r542": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(6)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=116651436&loc=d3e122739-111746"
  },
  "r543": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(7)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=116651436&loc=d3e122739-111746"
  },
  "r544": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(b)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=116651436&loc=d3e122739-111746"
  },
  "r545": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(e)(1)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=116651436&loc=d3e122739-111746"
  },
  "r546": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(e)(2)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=116651436&loc=d3e122739-111746"
  },
  "r547": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(e)(3)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=116651436&loc=d3e122739-111746"
  },
  "r548": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "910",
   "URI": "http://asc.fasb.org/extlink&oid=119991564&loc=SL119991595-234733"
  },
  "r549": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SAB Topic 11.L)",
   "Topic": "924",
   "URI": "http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856"
  },
  "r55": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10A",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=121641772&loc=SL7669646-108580"
  },
  "r550": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "926",
   "URI": "http://asc.fasb.org/extlink&oid=120154696&loc=d3e54445-107959"
  },
  "r551": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "340",
   "Topic": "928",
   "URI": "http://asc.fasb.org/extlink&oid=6473545&loc=d3e61844-108004"
  },
  "r552": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(a)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e61929-109447"
  },
  "r553": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(b)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e61929-109447"
  },
  "r554": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "20",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(a)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e62059-109447"
  },
  "r555": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "20",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(b)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e62059-109447"
  },
  "r556": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "28",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(a)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e62395-109447"
  },
  "r557": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "28",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(b)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e62395-109447"
  },
  "r558": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "33",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(a)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e62479-109447"
  },
  "r559": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "33",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(b)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e62479-109447"
  },
  "r56": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10A",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(e)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=121641772&loc=SL7669646-108580"
  },
  "r560": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "35A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(a)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=SL6807758-109447"
  },
  "r561": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "35A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(b)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=SL6807758-109447"
  },
  "r562": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(c)(1)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e61872-109447"
  },
  "r563": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(c)(2)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e61872-109447"
  },
  "r564": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "320",
   "Topic": "940",
   "URI": "http://asc.fasb.org/extlink&oid=35711157&loc=d3e42546-110969"
  },
  "r565": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "SubTopic": "320",
   "Topic": "940",
   "URI": "http://asc.fasb.org/subtopic&trid=2176304"
  },
  "r566": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(1)(a))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r567": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(10))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r568": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(11))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r569": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(13))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r57": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10A",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(f)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=121641772&loc=SL7669646-108580"
  },
  "r570": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(15)(1))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r571": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(15)(5))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r572": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(16))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r573": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(23))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r574": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(6))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r575": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(7))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r576": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03.1)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r577": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03.10(4))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r578": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03.13(1))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r579": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03.13(3)(a))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r58": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10A",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(h)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=121641772&loc=SL7669646-108580"
  },
  "r580": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03.15(5))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r581": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03.15)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r582": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03.17)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r583": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03.4)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r584": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04(13)(f))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r585": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04(13))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r586": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04(22))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r587": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04(23))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r588": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04(24))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r589": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04(27))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r59": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10A",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=121641772&loc=SL7669646-108580"
  },
  "r590": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04.1)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r591": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04.1-5)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r592": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04.10)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r593": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04.13(g),(h))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r594": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04.13)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r595": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04.2)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r596": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04.7)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r597": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04.7,8)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r598": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04.8)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r599": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04.9)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r6": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=121566466&loc=d3e7018-107765"
  },
  "r60": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=121641772&loc=d3e637-108580"
  },
  "r600": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "320",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120252992&loc=d3e62557-112803"
  },
  "r601": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "320",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120252992&loc=d3e62586-112803"
  },
  "r602": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "SubTopic": "320",
   "Topic": "942",
   "URI": "http://asc.fasb.org/subtopic&trid=2209399"
  },
  "r603": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "325",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=75031641&loc=d3e63345-112809"
  },
  "r604": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "405",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=6957935&loc=d3e64057-112817"
  },
  "r605": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "470",
   "Subparagraph": "(d)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823"
  },
  "r606": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "470",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823"
  },
  "r607": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(16))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r608": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(10))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r609": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(12))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r61": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "14",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=121641772&loc=d3e681-108580"
  },
  "r610": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(15)(5))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r611": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(15)(b)(1))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r612": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(16)(a)(1))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r613": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(16))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r614": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(2))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r615": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(23)(a)(3))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r616": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(23)(a)(4))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r617": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(25))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r618": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(4))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r619": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(5))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r62": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "14A",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=121641772&loc=SL7669686-108580"
  },
  "r620": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(8))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r621": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03.(a),19)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r622": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03.(a),2)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r623": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03.1(f,g))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r624": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03.15(a))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r625": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03.15)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r626": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04(10))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r627": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04(18))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r628": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04(19))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r629": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04(20))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r63": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=121641772&loc=d3e689-108580"
  },
  "r630": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04(23))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r631": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04(3)(a))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r632": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04(9))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r633": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04.2)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r634": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04.2,3)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r635": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04.3(a))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r636": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04.4)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r637": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04.7)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r638": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4H",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "40",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=116884468&loc=SL65671331-158438"
  },
  "r639": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "40",
   "Subparagraph": "(d)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=121643868&loc=SL117782755-158439"
  },
  "r64": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "17A",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=121641772&loc=SL34724391-108580"
  },
  "r640": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "29F",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "40",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=121639165&loc=SL117819544-158441"
  },
  "r641": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(e)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641"
  },
  "r642": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(f)(1)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641"
  },
  "r643": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(f)(2)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641"
  },
  "r644": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(g)(1)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641"
  },
  "r645": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(g)(2)(i)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641"
  },
  "r646": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(g)(2)(ii)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641"
  },
  "r647": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(g)(2)(iii)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641"
  },
  "r648": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(g)(2)(iv)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641"
  },
  "r649": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(h)(1)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641"
  },
  "r65": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "17B",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=121641772&loc=SL34724394-108580"
  },
  "r650": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(h)(2)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641"
  },
  "r651": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=66023616&loc=d3e9120-115832"
  },
  "r652": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "205",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=118262037&loc=d3e9915-115836"
  },
  "r653": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "210",
   "Subparagraph": "(c)",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=99383244&loc=d3e12121-115841"
  },
  "r654": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.6-05(4))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401414&loc=d3e604008-122996"
  },
  "r655": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "220",
   "Subparagraph": "(k)",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=118262090&loc=SL114874205-224268"
  },
  "r656": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.6-07.2(a),(b),(c),(d))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401555&loc=SL114874292-224272"
  },
  "r657": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.6-09(6))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401555&loc=SL114874367-224272"
  },
  "r658": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.6-09(7))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401555&loc=SL114874367-224272"
  },
  "r659": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12)",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611133-123010"
  },
  "r66": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580"
  },
  "r660": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12.2(ii))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611133-123010"
  },
  "r661": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column B)(Footnote 1))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611197-123010"
  },
  "r662": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column B)(Footnote 2))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611197-123010"
  },
  "r663": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column B)(Footnote 6))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611197-123010"
  },
  "r664": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column B)(Footnote 7))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611197-123010"
  },
  "r665": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column B))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611197-123010"
  },
  "r666": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column C)(Footnote 1))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611197-123010"
  },
  "r667": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column C)(Footnote 2))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611197-123010"
  },
  "r668": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column C)(Footnote 6))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611197-123010"
  },
  "r669": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column C)(Footnote 7))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611197-123010"
  },
  "r67": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580"
  },
  "r670": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column D)(Footnote 1))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611197-123010"
  },
  "r671": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column D)(Footnote 2))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611197-123010"
  },
  "r672": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column D)(Footnote 6))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611197-123010"
  },
  "r673": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column D)(Footnote 7))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611197-123010"
  },
  "r674": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B)",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611197-123010"
  },
  "r675": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-13(Column B)(Footnote 1))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611282-123010"
  },
  "r676": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-13(Column C)(Footnote 1))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611282-123010"
  },
  "r677": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-13(Column D)(Footnote 1))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611282-123010"
  },
  "r678": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-13(Column E)(Footnote 1))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611282-123010"
  },
  "r679": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-13(Column F)(Footnote 1))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611282-123010"
  },
  "r68": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580"
  },
  "r680": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-13(Column G)(Footnote 1))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611282-123010"
  },
  "r681": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5D",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-13D(Column B)(Footnote 2))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=SL120429264-123010"
  },
  "r682": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5D",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-13D(Column C)(Footnote 2))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=SL120429264-123010"
  },
  "r683": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5D",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-13D)",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=SL120429264-123010"
  },
  "r684": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-14)",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611322-123010"
  },
  "r685": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-15(Column A))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611379-123010"
  },
  "r686": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-15(Column B))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611379-123010"
  },
  "r687": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-15(Column C))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611379-123010"
  },
  "r688": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-15(Column D))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401592&loc=d3e611379-123010"
  },
  "r689": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "SubTopic": "320",
   "Topic": "946",
   "URI": "http://asc.fasb.org/subtopic&trid=2324412"
  },
  "r69": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580"
  },
  "r690": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "310",
   "Subparagraph": "(SX 210.12-29(Footnote 3))",
   "Topic": "948",
   "URI": "http://asc.fasb.org/extlink&oid=120402547&loc=d3e617274-123014"
  },
  "r691": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "310",
   "Subparagraph": "(SX 210.12-29(Footnote 6))",
   "Topic": "948",
   "URI": "http://asc.fasb.org/extlink&oid=120402547&loc=d3e617274-123014"
  },
  "r692": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "310",
   "Subparagraph": "(SX 210.12-29)",
   "Topic": "948",
   "URI": "http://asc.fasb.org/extlink&oid=120402547&loc=d3e617274-123014"
  },
  "r693": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "360",
   "Subparagraph": "(SX 210.12-28(Footnote 4))",
   "Topic": "970",
   "URI": "http://asc.fasb.org/extlink&oid=120402810&loc=d3e638233-123024"
  },
  "r694": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b"
  },
  "r695": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r696": {
   "Name": "Form 10-Q",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "308",
   "Subsection": "a"
  },
  "r697": {
   "Name": "Forms 10-K, 10-Q, 20-F",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13",
   "Subsection": "a-1"
  },
  "r698": {
   "Name": "Regulation 12B",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r699": {
   "Name": "Regulation S-T",
   "Number": "232",
   "Publisher": "SEC",
   "Section": "405"
  },
  "r7": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(1))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r70": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580"
  },
  "r700": {
   "Footnote": "3",
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "29"
  },
  "r701": {
   "Footnote": "4",
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "28"
  },
  "r702": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "29"
  },
  "r71": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "10",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=121640130&loc=d3e1436-108581"
  },
  "r72": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(210.5-03(11))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227"
  },
  "r73": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03(12))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227"
  },
  "r74": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03(20))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227"
  },
  "r75": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03(21))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227"
  },
  "r76": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03(22))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227"
  },
  "r77": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03(25))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227"
  },
  "r78": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03(8))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227"
  },
  "r79": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03(b)(7)(c))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227"
  },
  "r8": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(13))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r80": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03(b)(9)(a))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227"
  },
  "r81": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03.3)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227"
  },
  "r82": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03.4)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227"
  },
  "r83": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03.4,6)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227"
  },
  "r84": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03.6)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227"
  },
  "r85": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03.7(a),(b))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227"
  },
  "r86": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03.7(c),9(a))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227"
  },
  "r87": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03.8)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227"
  },
  "r88": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03.9)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227"
  },
  "r89": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=114868883&loc=SL114871943-224233"
  },
  "r9": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(14))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r90": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3151-108585"
  },
  "r91": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "12",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3179-108585"
  },
  "r92": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "12",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3179-108585"
  },
  "r93": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3213-108585"
  },
  "r94": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3213-108585"
  },
  "r95": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "14",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3255-108585"
  },
  "r96": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "14",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3255-108585"
  },
  "r97": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "14",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3255-108585"
  },
  "r98": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3291-108585"
  },
  "r99": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=121586364&loc=d3e3291-108585"
  }
 },
 "version": "2.1"
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>154
<FILENAME>0000930236-21-000019-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0000930236-21-000019-xbrl.zip
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M,A8W\1?;MY7)=:-$JL.H3/9.RM!1JD5PZ"9@H38OR"O$\GKUXQ]%\ECL4\I
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M.,<:8T1,0"T):6*,1J:"+4Q@_M\8DY,S_"<"?_4EHFF-+7L(0,,\%_"MFI;
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MF,W1C"3((F!LR."P_^GF*F3H#G82I@DTR9L!<[U]7HBR1^RA?@N@7L@E]5J
MO). -.):BM\#S.%J??J$G]B;\L 'BR=/3_<,*)MC%C3-Y*J:98#D!(<B>[:B
M3:W[PWZZS#(#9:.,8@KG$9%I+.! D7K@'34V9ZV_->*6=OLJ,03JSH&"DV+@
M"Z #*.R'C?O<]=N-WP;\U\S$K-\;-00Q10-JI-314J1(DQR"*W'8@XHP@9AD
MSMI>!TR&X3<F2"@>@@D[=I%)#$N)_<?QPF3.OUX[5AB:Y=:]A1R[]:D40L+J
M 5IA8)A">?!LB4:^ZAB%1 %CC>K!9T>I%N<I0DR<O*,)8&QTQ#3<T ->/GD=
M3 TO#Q?+Q?'9\2Y1WO:QFXIZ<1%S+GX(J4B'&:(J/A2-N=0)8'>?^/'J]&:2
MZ*U!<^K<2[XS;Q 1[3Z@DH#%4EV-NX+>J4<.,VS?W^-,&JEJZYAM4(N1#9L0
M7*XQ(7N80L7X)!#$/\\.P\;KT#FA5A]:K!6T-HI!48746BE8I]1_>'88/D9O
M)HE>3680,Z?*"+X4Z0 ES)8*87<=VJZ@=R\=AMV%K3%B\)$DM@PN.2)R59($
M;%8F,?9['[AV-(MN;: N&,)X@QR=N-S(I%:K3K&.>)ET+[AM+#"1#&R<.C12
MMXD%N$372F4) 3C1B&$R.FLTIA#A2K#BLBE8%I2.&DHV8*8!UN)18BZ_;((Y
M1M#,ENB*=C^\A[&/245S]\*3*T,-&&@*&"VE$FM)+,A&NX*Q/;1?VP<7BIE2
MXF'I%X08.;;!@1:09'42!#9;O5$CK =F$G(JK74*LT84N@\%Y!('QN!^V2A_
M1MB\"CP:[(;FF"AI#)Q!?2;*RDUK[C%!5/ 3P.X^N7=7IS>31&_+33LV&=CW
MR!61U)_WK!9I$?RO=OU/%KU3=QQGV/YB):THJI<V['A14G&N8O#9.7&5\9?]
M!,8(VTD@:,=7@;>"72L1J95(.37(R:%E%PT:!DU<FDT N[/#,(;EM.UDFJJ+
MK5-L")D SU?1 I7B<H8:H_QRIMYDT;N7#L/NPE:=!!'76LH-N#5$C@#L*!4J
MD":PF>Z_[\#?'%!_5SO>CG'@HZ^Z]$[M[:U-34L^;HUH@WUH<BC8Z;,CT4,/
MO2@#9N^=U5*Z;Y#&NYXXPW.T\-S@YG$I 01<1&? 4I&1JH2410/S%-AS*W#Y
M/=UX^YUO]6/ B!W:JU>\7"QMOP"[.3YU@=%QSBUB[< %CCYI\;D#EWVU"?3U
MF@$[ <!NCF%;C:'EDA*SG(^*EEIC3<%BSE*+C9]A?],!^ MYG7%KR;0PNL']
MX#4@()0>/@W=2!PU[I0Z1%&=9UT)XR?5&:/CQ.CF>+3$9CE5L@ >S"JIJ+6<
M7>J8A2CCY]&]@,M':>S;!W%R\<#YZ#+7_"77'_]$_\&Q,*OC&DQ:LT0]SJJ.
M"8(GA:X9H977\=6HF75&[510NSFN]5@X@V KHB >.9A3CBR2$O0CX^?:W_('
M+B987]$"UEZIS%@8%I-IL"&#506<,_3>4XJ,G+%$BN-GV!FKX\;J!K.MM14,
MS-RXQUO=(3#UBBFE.LQL=1,893##Y1JI#11\[12&$0JD:(+&5K)Z3G[XHO%3
MVPR7:V07!][(N*C+"#E6K-YZU%RJ<@^3I>T$N_S*Q=ZP(>SVU:HM7@S0Z#^M
MUFKZ%II?OKQYQ"<G]]L'SGXWF?[F+N^N>'ERX_0V+];?\='9YN[V\H)?=G3R
MR=G:SF^/3Q:_@/E-7J]?GM_G\_[ 3&\<K\Z6;^_GUN*D'JV&ST^$$TF4BOAA
MN&< <(DXM]C#$O:58\(I=\.=0?Y70=XM2.?L4^NW?/F1Z2+<!8O00VTR[[N3
M2*R:70++E,E"EIVP^C/"ITCCF_-5@D0JKI2*K4-;D9K7'K[W (D9W.M5T1GD
M^P7R$=#XYA!.0*&X9M[Q0..A ST6" Q,)1#NQGK5%!'^3SO2VZOUV\O,O+[!
M;&Q@=EE\P#"@/G/NX6B3\PF>:M'/J)]1/PJBWQSDU;F:0DE"I75^'P;3!LY2
M6\D^"$Y@ 6*&_+X0_0:7B$.(K#1X-1%:#.2R87.%E=5YFAWX&?7C(/H-QJS1
M,9+CI$6@<D*?72RA1[%%L;H)C.[<*N2OFRFWH8Q?GITLEG9R\LW9^OGJQ#ZD
MFVVU?LA'4W%N ENQRE(E>="L7&WHB<FU._1*=<13Q2:%^8WPY SX#0"^! %E
M%PAK!:F>(4L)L11S)%%T]FMFDA\'YC?GV%0.FIHQU=HZW",-:?GJDL_4FN,9
M\S/)[Q;@/11B00?) D#HR"_G'4^B5F>-)U#?O"/!ZQ]#UN:WP4XL;;,Y]X9U
MF/BJH!@B4$*.;)+(E0HMDR\S\F?DCR9ULSG8)XK!2@O>!P4+W:NGBI*&#2U4
M"NS&-JP9]CM#^)MS=;0%4 A94#WD:M*CVN2'\3=<6IK"]I@9^7M#^!NLOM&D
M'-&IMP0N978E^2 Q!,E2</;PKPOVAV='_4GP\>+HY3G.]Y30-^C*5$\U&JL@
MPS#]#EPL*@%(7,R&,[+W!=DC(.P-YMVM:'(5$B8#+94A%$\D#:&Y&D<\=VV&
M]2X2]@9=D:K-.* Q" 3K/%TKE-A![0@+S\C>&V2/@+ W!^N<)*BB1;8*S1(7
M<]I*CS(QFX4I;,2;%B-MSM:V./1Z1]>JKQ"3D/,U5TD:NA?)/NV0Z$:@<AM,
MWD-!3 Z;.H04@$U3[7&MCX+:T@1Z24],Y38X?1HPPM!0&7P D$ 2?"BE0C97
MTTZ);@0JMSFY00^U(^1"VKJ5Z_38+5X9EA*LQ1:8)D"5FW.@+EH0V?J&ON@G
MO=.Q8U^#A,U1NT$0KZ&TY UJ0RX OG7_*DEV6B?0)7@W<38",ML<R/+0+C4G
M#PP11 MS&*99IFQBCN-T.@OL&,C&06:;,YH"G(>]SZ0^]="PB<9LN8;NJN9F
M-IV,QX[A; 1DML%^T$$T2"E:F@<*3;ST<"A#=.BE^C !B[D/Q=)_K7WE6"RF
MAYQJ351J V@IBG5F2YD"!< TH4+1[8ER)VELDST>O19U*$VXQP!!AD2<([4T
MM'WD*?1XG&EL[+;2M1:S"\ *=5A_(BP8B1)"=B75"<SWV+HH=Y+&-KC(F6/"
M5#*A\]T%2YRP29%:38KW$^K[L@F$74_C[FE%EQNTF#F(!(X=9P:I>+1L*:#/
ML8@XGL+JU:Y";024MCF<545591BV1D(2Y>(+8E-H$5UL4UBRV56<C8/2-IC+
M2 Y:EH158J<W((^1U4-M[(H/T]F NWM0&P&E;7 SB,-"U36*UL PBO=)T8O3
M4I3\!'I2_M:LE'^NCNW&\^=KJPL^[9^X_WSX>T^):8,5)ZXTKRU)!PWP,,F<
M:AM6CCQK"S2!8O.1 V8$]++!1>S6:B*1%CQ"]YU0G-06(];J0TX3V&LV<K2,
M@UXVN%#(6G,2P<$>>27F[#.6CA:HCHUFP$R?7C:(%DN4V;P+ZL"A"6;&'I]%
M**XE-X45O\UYR?=/G]KZ[?2D^S\M3?>4CS9HP,R284U<06" %TGIM$1<68#=
M?E5AC0)A(R"P#6[=['RE'5W900%)%3L[NAJ2@$_9PG[57XT"7N,@L TNP[#A
M,"2(NPL.,0!35.=RI038@WZ8$;:'!+;!^:5%(3D#'VL&J<BD#3MW]5BOV\FP
M/TLOEY>[NUAVR=Y<FUY^Z=Z1UP:]+X_>?)&HS8/$2,X7B#EACQ%!\A1V%.X0
MND9 7!N<&AF0??#>=U1!<]9M(5K,?N@*IJGDO;&+HX#6.(AK@V8Q%^D41>!5
MAS26@!HU*ZQ#2T6<0!IKE] U N+:X(K=@!_F;AJ;@"/#@.2LFT:"A-WK^O>M
M<YO8_QR,WCB^%>"-DQ,[/0?3N_LDZMGZ?$[WYD73'__Z]%;'Q&NK,OS[YCIO
MCKUY;/K.J>\:H,LC?Z5HB5R/QX*B0 ;UO@=FOF511]57H1V2XR\;V^VB- -6
M*-5Q_YL@U"(>@($L6BO!<MH=:?Y.U\)=%"ZU?+$SOZ4 Z#-G\S6$[B^Z3%SV
M*PF\M?&PM]?VGS-;UI?O&_=WOOW-J2</!M.Q[K_!1**1DEH(C)Z+ZPBCPC6T
M9#6W"EB9]ZM8^GH1]N;'?_;?G]?UZ<N[]L*.?@-D=Y;/STY/SL_P,]S_>F\#
MBM4%[30:N[5$3%)"Z[C4UHJ83@#N&P!0V!B IJI[>P)W2;E%'+:[5QMZ;7?P
M%^KOF/.,4VN,]I?A'F>X[P?<2P(GY/O_0'I0E-FII02=WYFM\A0F!.Z=S*HY
MU>0;B0,@WU!#;:6&"*DJY&G);';IMK '#XQR\1*QY&&6$*5 YB^V%:.C*8S"
M'95+MW< \G%(K7C*OE-0CPZD6XZL5C+'U$W'%!IKC,I)VCL .:J16Z[-13=X
M'F2B@]/MU%E1VZ\M<[-C>Q5#(IL$&GI95_:0): B*Y=4O24-K\>]SPB;LW2[
M ?>:I"9-*33?H'KBZ 0+D:1"%2?1'')4+MU4=6]/X)Z,.1N 2Y9!7!4+"%"J
MQN@:Z!38?50.Z SW4<,]&H1<:B(4@FP%N; ZC2H [#-."NY[(C.* )ZP4C*%
MRLQBJ;*E4K&HK].2V>S273^ V*5,CG)J$"#G1LY!)@NQU% ]V'X :.^R=!N<
M?H%J$ETWXCE!U3 ,!]+6#-'WF& 2C;Q'Y23M'8"L-(XIL%#PX%3(L>MNMA81
MQCB%CB!_LMKUCSNK8Q$1UUHQ>R*/!!Y%C!090FTI^)2GL#5F9"6L5[,1(!#&
M1H-/6,&UP-S%A*5F#-:R3,N6?TA,?W(ZXUCD$EO+13&ZEA"&H>/0H+1J0#W.
M*A,SD1^2RZ,U:S<X5[D]XVI,CT(TM1R;!8C%D;,6<\IMV$83PK02/+\4S.4I
M-U[PXFA(G[35^H2/;')2XH26&Z=@50$PHRN,6HKSVG^&,FDI?=3XE[%(*#O.
M0WNE'-A#BHE3'K*DKK]-(<@4%EI_Q_!,NK4_2E07I$%W!H"L4?6A9$PQ4,8Z
MB=;^_UT\'],.=BQ"&N11V3J?Q>Z_ 2&IL/>LQ3?+./TPZ"^UNQN+=!)0*^QB
MUNRALA/ ;HN&,1E2(KFP.[OYKC5:W?Y.OM:Y$8C5IX)#Q2)W/]# 6,&+9"^[
M(]BK#YZV+\W<77<UMFS<M9.'340A0Z $3C5#W!UI7D/(M7UQMLPN0. 8-4$)
M+%J2<R766G)75=P-<6XC4-N^;+-&GQB+AS9$=8U]=;ZY%+RU!'F'NAU<9WBW
M?;D&32)56VA6P5<=&B!P+>I<J(YPARCXVN*-$0@5+"9I!:E[2:'T"-*21P>J
M5%.A'?*2KCF4W+YH*Q>72L%0LT&WK0PI-RE8?72UM+8[HKVN '3[,G6%\U"D
M2($-&) X>HE,&7.(6FA2.V>V'J1>39]G=CT\@2B "+D5TD"4<@];BF@K4^CO
M,=XEU<V)*;=:K/]!<1DX=8>UI1P!)$+0*!,8;K/UK,#5#!V23.:"5A>[?XE%
M8NHA(:1!==#R!*94;3^^OZ+Q"(7%H DV#UX;UV@EJDGV+KA)-.@=5Z1^)5)J
MJBZ)LYSBT)..N*FD%(90+<?,4QB3,IZ8^VH(#G,7C3&Y0I ,").5T$6%/A9,
M>?(2VL9JW0;%$\&2A)(316"L7#EI3ME)B2$U-WGQ;&])=8/[OQ-P"2$,D@(/
MS-(J.,9NE<Q%G;8MVM*2Z@:; E62UJ/3TI];=Z85J0Z-BX-(PQ3)37K!^_*4
M6_UYO.BR>6&O][/QT9W^R-9GY[;H_%-3*5#HGEQSA5.V1% [TU77[5"K,18-
MX;5G-Q5YW>T1Q.*HW]R'O+M!*E]R_=%T<K5R;B"XKD3%NC,7Q),7WP#4(@Y;
M^O)N9/.VJUW;S^\A5C%ON1C@T#(<4W_V8=CRUS"3P#2E/ *=W+YH0RK(,HR*
MB(/3SXP00O?_@?M_,4P[+S@:J[C!J3%9,$+*XEP#;!DENAX+9(AN6!Z;5B P
M @V\FBQN[E3)FI+Z\QJO+C'*PT)7AN#S)*SBR?KT\X?]&_7LR.ZWK_YSUF_J
MT$Z?KM[IG?#K=\WN\?%_Z9OP3SO2&Z</3']:K:YB[MT?6;L9[N'V:OWVU]CU
MBL/:R:%E8>V>6>=WJLEY2^P=</!Z,1C"78+1S6#<$S"Z/PY&MS$P)I0"'8!B
MPW1U'B8."-3N73KN!BW$"8!QK.N1VQ>ND7?-6W,H&5  ;>@OSM&'3&[8MKLO
M9N^A_>=LM>";3U>+^F:QYM5YRNRKX??\?4]F!_EF*\8OQ:P>.RB=Z/GVB9!+
MB2##P(>!9R; -S,D=XPE6_7<)/OS;5>-!(.&_C_PL:6P2X.Z-BCI:]*2VVM3
M7=@AUX=W'S[Z2VHR29K42LVW))BJAU*(JX.84BFYI%RU3H F9TSN&$^&S"T1
MJKD6@7QW*"6 IN)YJ%UDVQV>_),U<=>.N_]YV*5F)_M#A[Z[BI11N/\-OB2I
M-287*R%5332%E,D,O6FR7F9#: $2EB%U[#BVX$MNV(FOF.W0]HB'B^63([M]
MCKT'_<I_+#%R30B\>>/VW?WAN]IC8BM8JK<*)0N[0+&XI%ZEOXN[PW<SZ$;#
M=&G( @M)Z%P/CDVTQ\!BG>YBA:&^9V= =]U[Y[<B3BPYUV(Q*K5A9+"TC&2^
MVR]EJL"[(\ZM[:_>BER[T\$A=L%AB9"QD)8<BM;8Y1MQEVS#=C;A;D6H@JZ3
M;_"< <%"1*>Y9%\@6Y0(MCM"W>;^ZJV(EER*A2SVL)5 T?&@KVP.714GG'='
MM%O97[T=5VF8'Q=(8Z8,W567* &=N=3 #RG;W0@*+T\9//)OSM;U*9_8S=7Q
M\6)WFY>H%)5$)67T4&NE.C2V'_;VU$['579#6;<KV.VD<92UU1"$AU4^($H]
MJ,ZEY1R@>U \38W];_6:>Z2U0TIX2)DX[8%-5",7?4VB['T1%IVFUHY/N%O1
M7)^P>H@^9>KQCG=<J@S=I,R\N.QI=S3W/.74?_7N#O?K]I^&E=$U[VJ3&JY-
M-$HQKP !F(#54Q''C,[31/--XQ+L5C0VQA))@+D$UQ6W4;>WOL70*-3N3Z4)
M;(G8W*3"^Z=/;?W ^.BK_O!/[?Y/2[N*VN:_."OHWFJYGMA0[^R]JC5S 3)(
MC5B<]#<07#1-<0H;I&9T;>2NKFQ<X%B@3BK9-?82R4$CXL;4+2-JLX)(, &H
MCVHVWZQWHX4Z=+^^P7F;M0"@@MU/R,$R8G(EQ+(?4!_CJ.49ZIMF=8B,2H35
M 'Q1!.Q^\= MV81[7#NE@':&V6[$XN:,>WS&+G=/(\=$:>C=AYPKU0@R*4Q>
M5>?8/WP';Z'_Z.5S^_5Z]I>\_+'CZ$8]7;S8V1(VH*C0L<1,U,-_+R"E9M!L
M/I/M4OG)'B)J*VDEYU*(@-!B53 MY!!=*6A"J10WI43PIN6Y*2B_NZQP8SGL
MP_F)U_J0C^QDQY>0!#!A*RDK5@C4T$5P0GGH21>=G\*^U!E<8V4NIJ:H+B6*
M#*TT\N*&IKL]#JB)7^_FFYEK<W7DO]Y2^+I1,^_V[OJAQ;;+";18!HO=Z2)G
MZJ$E[L'EI,I79J"-F=$<HS4![=%BA5I-& ,D:H%*%J(I#>\:(]#VL(:GQX0^
M)O$$T@ X(+$/CJ4U4U:=4@W/C*A1<)0JYE M^" !AJXS5OV0<"7+67.=TO#(
M,2+JHJCE^-C6=4]&!4<15TBE1X0$E93,4;/<,'NG5MI,4=,%U%88JA4I26+*
MAAXZKJ2ZD)VUFG+BMDM9]S^[XW)K0)XD,;5<$#DT\ ' 6D NTI*388PC:]NA
M+49[@Z/MY*F@.3]@!T0!U7H@YZ)V$3=MK88IC>X=HX&[/.6;]:+:@\7)CV_;
MH.\B*Q$Z'VIQR7D$[[UHQ&BIU9@;4RP38J4935OGIEH=.6Z1N^\-+1#:L*Z<
M2R(%P==[?/:3FR;)#K%Y"&@<4Q&(W0V&1("%AR&KM4MXC]EAFOI)DC% Y8 )
M"J XLU)"5UFV #PE_?S8CI57[9.^TQMSMRG"E4X(+7#N[!!<83\T4:B<7/*A
MI!TN(=H'2&VG*1)1 !-%K]WJQ$P=4):T1\^D"N!VAZ5^H[':5;;7'2'(ME-,
MVV($+HZC"11.E"-1311J*X*Z0QV:9I!MKQMSCZ>IN\RB];P%#2-(S-!\R2E&
MG=(*_!\WCE^N%_K$]L9$;B>9G*)P5'$9 =*P B^!(#>HN=4L4TK;S, :$V,E
MCZPJAD@,ADY2)2ZA-"&OR!-MP3.*58I]X2:.+EN%FI(-'E9FJ$T-6NC18>HA
MX>YPTSY :#OMA"07CH$+LX?L#3E)U.JS^) E[TCKOH]JBSM%+&UGCQMH<3EH
MK14 @TE@0%?9D96,Z':'CO8*2UN:0@9%S!?6:% H"U77?&C=XB6?84IS)C8H
MRDWA=YM=A[="325Z$JB"A0R";\BUNTN<$N5N\<*4&DK/<-H^.WD!<U;8J'DH
MR;%U?UO!5U<P6YK9Z>-V1MH3KB]?3P3=GRDW3)Q@* UJI0!KEF&U+UH6$P.Q
M,'/4M$&UG9KJE-BWJ"VDH7%)HVX#T40DD25+,#/5Q\4!'SNU>)),-0 F1#)O
MFD%200_27&LIN"@QQ9FII@VJ[3!5E5"#6I3JNHLN7* T:4DM@^\N^X28ZG<$
MO(&)N5/,(VQG=" YE[Q#3]X!<B *Q6OCQ,J%TT2[:L^HVO+.D-2#OTY7L50<
M-HD0Y)QK-XJ6?:0TI;VT?QA5'S/J=HK VDZ>JI%)9LLNG%L]&D;;-7(UB]?(
M.TE7^P:L[=2C!VY<BG?F:@>6$^MH2B%WSSV"PI36^4;HLN_7..:62\!0LT(G
MJ:*)H XS:,QR*#6W*15TSEC:=MWF4*?9-#H-$6J.(D2Q4,H8I%&>4G[J]\+Z
MI]Q-WH>'0NZBF=M.Q[=,)9%()A^@8,*@SG).G9EP&!X_(6J:X;1]=A*%6KA!
M*95!&45C-J7B2@L0)[6+;V26[O*4\S[WUS>B?#M35+$U+6 -<NG^$DCRTIUO
MTR96..]",]W]0M%V/"4VH!0Q&9XW_<:63"1T6V<AL)_2#I>1HFA/&I%HI#2D
M+HL2=3KRC$U]U"0055N>4M7X#*2MUFA606XA%*8(S07F&(MCWU0CISI[1Q_E
MX-\R.7V[W^'&"UX<#2."VFH]](C_:7'Z],;1T>JGH?ZXOW>S!P.+T[NKDYWT
MH)('9[%)\9JAD<=*/J+&D$I-I>U"(^\9::/@M(HYYT*0, @X:M(Q((G @W>6
M;$I5"",*WK=3I<2E6 NM@3GH 3R[YGG8"TZ!K.8IY8)&),KM]"E!-1O&8'8_
M S0H@:::J55UY'>CBO$WJN?O+.OJV :V[3\=G>GY@9,?#WG9SQVN\M;%O"YS
ML4?;1H K1*EQB+L!?'= *&I 81Q&$>N4.LG.N)L0WT5S7AE"JY# 4A;77:^$
MT3"3<)OY[KIPMV>I(>J>KY+Z/*QO9 4"U[WA[C_Y%A,FFOENYW&W'?_.AH;M
M&D)'U# E50 I02PAF'G:B=V^5X^[23*.)VV!@K;,#&@%D[2<7.IA>(A&4^H9
M,%W);V=FFEE40A=3%5 NE+%:EXO7A#4)_/O.V%7]3W8Q/>=R?;1ZO[CKQE*_
M?[HZ.F^V=<CK'^WTVP$8QXO3TXN3CXXV+_W%LLNXG_MK5;X\\L<$>K9<7$CS
M[$2_L?7P.[P1EBY>]%__W3/OG1W;FD]7;Q[Y\<5(^2\6)RL(OGS^[<-;EU]T
M>>CR]0<_/[QYRY:KX\7R0Y<=A'#4;^F_7?.]CW_V_IV_<]J'<X6B55R3<+Y7
MJ0HEAXT%&_BA:3?/"/Z#"/[=^SU9]YOAY9/7K#J\/%PL%\=GQYORQ0XOL#$\
MOSO+YV?O4/AOG?'-VI[SR^'E@\Z X]71]S>N!()HU9*'".**J(6@C%Y\=N9M
MANRF('M-P/I+JL,__P'5&0MDB6.,QD+8(P.DBH$Y<*F:*)92W0S9*V39[VWP
M54UOO.B6]\G&NA7O"=N")' H),G%\_+16(Q,-#77,>QIAN[UL>UPNV_NXN'S
MM7'_ZD=?WCB_Y:WY)V-!J@$F,U08BN2E(6FJ)BWY"A509E=VEY$Z*7>@&3"Q
M)\O> +PC<A:]2G<,DD\PIPUV&*E_SAL9"V)+PGS>X#LD 2K"+F57AR2!$]2D
M,V)W(4UPGNG]Q=%?Z<;#G_CYA/S7%@I *F@""E4]NXS&J33S5(N;LP57BMP_
M9)9GY'X0N<E;R<6"4*M0T*$6]:U235I)/<[(W:6DP2XB6!H7!5>'F9&@P0DW
MAE9B\4,E6O8[B^!? ):7>O,2L:<C7PY[W^V3$,VKD_YDP31PJ(5+1.V"1+0T
M?@'^185[(ZYA]\#)1F*!+4-J]_,_N6!KS8MC*9!0)<4.35+72(:*UQFLNPW6
M2:6 4)J)1C)I/3XIB2"+Y:R8FC:H,UA'Z;[MN3N@*KE4J$U((&7N#$LB6(92
M6_,\ 7=@C W6KT14@3J/:*B8L((HD\MF%9I"I=PD3UY46^DP?35:9=5C<*5A
MMP3!-6F2C"QF*SXG+9,7U0:Z^HY%5KZBQA*E>Y8"N1C[JI7(5R=64YE^'OS=
M\<]?GITLEG9R\LW9^OGJQ'YIW28B,N0<&D8.02/XUG 8@QNR1 RI)(OC%]E_
M][0>VG)QN:/](D]T3=[.YJ"R^[$I&U( 05\8.\<#*^62U(.5E!M/WMW?5Q!.
M*N8$CRX[HJ0B4#RB=EAFWVPHZ$HV@W":()QF10%1#D/R R$U<$XPU%"KQ*A9
M<H[3KRN<@GG<D.+]\NC#,UFM==B18G]"&\>"S.2M!5==:!"ZH0:*%E+S6CM%
M0G)U1N9T:P*FC4Q?/ 4SEP*4CLTJ* E]9(^=2[E.OY9E2H9T1N@'$%H,5!-)
M@/Y/ZO;<&/JK++7_&495S0C=,'[><WK/GC]?K4_W/MK."!BB-=$.Q$Q"-9A7
MJ5&;!32943A1%$XJW+:JN5%I6E#.N^][;UXT!HFY<6LS"J>)PFG&VRYJH.2#
M81/ ;#S,_0OLB6.NM<XK%U?NV=UY>/_6XJ2NSJYN4_2DK+0+KA"Q4!8"<\R1
MN48&[ QY/M9[1N3T$3DIBUVS.JX*K13LT76'8\=HE2;#XF%I<TYR!Q Y3>M=
M6_,^EY+( P@A.T9+522%"EKFS,]$LN4[U1H"/86: +!*@D).H@^!6TCD I%.
M?\/]J.AR;K7SQQ:YR3G,$*FY-'2!0'"EV^[2,E:N:0*+W.,!Y1ARY#O%F$.S
M_^P&E])PV!?'7GQH:% :^$ [4)4[)L;\D(-Y;[5\6X J%U7YMU9'1[R>F^B<
MV_2, L,\/K$": V+TY:S@Q:]RW'ZG<IFA$[<P$<J&G)D;*6;^10QQPI9B\.8
MDLF\Q+B#")UFT&[01%/4Y-E HW)6/TS-]:6X+#3]E/O-&[?O3GH[APXCUA,P
MQ=RYA!N+*^Q\_W_UH#3]A>)W"./+]>+_9^]]F^.\<;S=3S2G^ <D@?/.3B;/
M3&VR2<7>W7I>;0$@X.B,+'DE*S/93W](V8X=3SQQXI;[9O<=NQ3)+:FEQD4
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MY#)D<I1YGN=IA>F2F^M$^GDOY/[Y'VJWMW\,\ZU 6+5P#;4-ZAAZ!$XC4B>
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MQ]Y5.."-YZ@1F&/RS* \6_^,-!(KP?@P">R0G5=(?IB"-@I$W6K,0Z[/,]
MEHIUS+6$)&F'[,R"Z\.XLJK4@V$-6N;Q%&8;S(&K-/ 8<:=LWR ]H\@.SGDH
M&^.H"E&(JIF+>]$$5,,ZUXOWY7"^YP6'6PXM@]3(998!0IQ7/6.F6)NV@($6
MZORWVG+8SPNVN1[0C>:I69,(8"!:6B8,5K D(UN@4G9O'KQN,6R9TZ+  1D3
M0%:,("-=(=90HR5<X([3CM_GWUL]%'X52BV5K2@'Z"I<8Y(R4@.*$BOO]P0^
M6Y;\O5W.K."[8?6?GMZ,)V6=<?_V\4_O/K*E,]2C^,M>941G;;%;@9'%HJ-%
MKX@D2D;O'U3MP.[ 'M?#YH!].-7<:F* $L1C*V(P^ZI0*OLEY@T(K\4._0^%
MID:#(DA>(X.61,5EN-$VIUB9%]K1/#Z:JQWZ'ZPA62'/J7G*WD!CD,(YN'*I
M"><UP>V6M1Y+#OUS]\E[US8HO[2O^/G%Y8C+5R__>:[4>HVMB))W["26<?@M
MYR%7)(;6R[R(%3=\@?2#;'QQ?6/_.?S+H^?C95"^>F53^WJL(+OY^NLO=E;^
MZ/;>[%C?4^(V9S9R8,%F41S*8*; .EVS?MUD[P2KQS<7_9DM;:RY"Q%J4V4,
MX#EPJ*8%U&&D)KGTQ8VU_FI*9A1HI(<I*8B,]13=Z\@,6V/*4!8WT+]V@ ^2
M 6YC9L3A"(GSCH64-&^L0L5 =0@*(3=.@:2MOH2W1,@GY@Q;(:9RR[4C%B@!
M.,S.7CFBS!K?%)IL.-/_8Q'ZUX%9Q%A9<Q'@7$-JX-)%K: )@8[(4&##J??O
MCM"??W[3 =<45$XC;6JA(.1,W%IUA JHK0^++6ZF#WCA/1:_US@"2HLC52NY
M,:@ZUQI5L"HJ)8*X70J6U,F+4.%8NTD9*1D4D!*P>3+O*49S[K9.9Z3?$V\7
ML0TT+[,[E9I&0(@2NUEN.J^AY%96WZUX?'=[<66WM]_=W;RXOK7W=]H7,5(+
M(:6Q<F(+"L3()5FR1JFW+-0W7%^_;TT_^+@D[PZ]>8LE 2:B>=K;.@GRT,+9
M%F1CRR%W:58PRW =/<>:&UAPQE)S$*.8AUG#RL,3M[(U?<!;)$5ZTA187*$F
MY]!#:ST -):4UKE%LJVMZ0/>K>2Q9'1N/Q(":&;KQLP4G#PE+8L;:$L;CXN.
M,_8A?ET,4M$&#DFRU- Q6JT.+:T\,'UKA!QU:_IPQ$16(H46JSB()1&Q .K9
MW<AP=:>_A:WI0\ZB)@!$#$-$@ZC>=\"OG,I8Y#F7E:>5'W]K^H#3?JG ,,^P
M5!!H@8:.3E2:AE0K0#]1+[S'XO<H&*)80B4-DJ!JDC 4<X<FW'UXW0UWPEA2
M)R]"12&T9)UR3PX9G1W!N3F5 JJP>@Y_A*WIP]EFS@"L+4=R"5!&L!4<8943
MN2&ZU<5M<\RMZ0/."*5 4;6-=:00F!A[8.DCO$K5JBM<Y]OWJ#=UWZYQJ!W-
MJ?NL'HC">6367CK1R-M:6X"H;6NAXYMXZ%H3->9:!0I6U#P\>^C#R@U">;\M
M[19-O#N-35W>B2(-I+G6W@$BD58&,\B11U:7= &B%G(:1S%QCYA:J5D8?9@X
M"G')'EJJTF($7R@NO#74TY]>V =3PF^N;UX^XV?VF*_^-A;X(WUY\>-!6O+L
MSFM3X;"6"$!8/<P[#GE.C>LEA,X>HD;-.]F'!6X;3O0XS7]2;YH9(W:$1$5*
MJ-(11_#4F-K[LRIVU'8GNDAZ4)-XG8TW"X5!-F-I(6 ,UB4%KRNTM=H*V0LY
MT:.@5EJE;C@BL55H.1#TI,1:"[2&)2T0KS]\IO#HJZ\_2Q_([;NQHP1H!DB0
M5&EH6"@I,@GT.@6M0QMR=@$WMK.U4;\54O,LG<#FC6HV,:ZS13MCM@1YP_<>
M=Z1^ZT3G@!<N.UN#ZEU; 1\207+37I0L!S9_722\4[(B)>%P]X:(HF;$*BI
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MKIU"3=M-1'>?\# M@ /P,+Q.FT/N+$7$-=;*6B'$#?<LV].0S\V**./P_SF
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M+TO8T;;?CF+5QKV&W'JI,)O4I!&)>LS)2$70TH8;V^U1YT&:Z"4UQBC=.T?
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M!%#)(KA0NO0;X?3KBRO[UK\8J_[--_GT[?Q_.:WAG3+<&<3_BV_LA^N[TSP
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MZMGC@ZV!DX#PDU;\V\X#__9D\&:WJ]UO?Z_KA_1&D$PQ04='(&Y@0<$*U;I
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M[J:1BMXC;C1%!B<*E#0RPH,F@3=!YTUIY0L.*KT'<F0(2L1)Q"/&2'/03Y\
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M(#+B^2>(X05229.DL?/4-R9_X];Q;"V3I#:"(J+D'<Y!)S@ECA42#$<:I3)
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M:+^=5Z_.(/]+NW7L8V DB10%,BK/JS/&(2,B1@;#4K.D$G/D1J1^RG4"\OM
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M&YTYTQG>&/\""%+\V/C+LK1)/GU75CSLC?HACB?_6ZS_]Z@W/6D X"GKC6@
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M;_?X:[($P.WGN!GGJ[%#F8U?$3U)T<=GPU$GG8]_U>F%V!N]0OE-<W<[[C4
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M"6BMV['0-M#&\#3ZO*_?/7\0(_R4N!I*"TO4\V>&.?21_Z.)5CQPCYQ+&J2
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M#-PET$6-#A[]J*QMK3I:RT7 ,/SKKT'_,[@NP!CP[W^WQDW91JTTZ)]<?>+
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M>^F%7%GC;7J'@EN40YR%W@J]S2;>'+=:DZ2Q$)0+P(M+/$61;%#.11R*>&L
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M'S&\_P-L5TKZP= N@OM>T+[9 3!<&V^"0?!?#AH&C*Q5"FF/'=>4:F$,0+N
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M4B1]\N#2&(<<4QAAR;5S&B=&<BM-R=J<S[+9_'31G*OBG'"?\<<<T;QWOK1
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ML%XCKSG(9BX%,MI1%)/W4M.@,56U;-X\7MY05JXC"7?.[%.1!$L$]0P4<25
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M/$@_'J8\VGH_RIT0'%<=_]/Q*'[PXXFSI@G"6PG"G7F_L;%<6>\"Y"1)#KK
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M+8O* 36!)ZOBHO:HE OH;JC!75?YLY';?<E-3,GMK]W]W^6[Y)77VEF0CAE
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M9E> V?G:Y-EI+IF K ,I)59I\,GKFEG'94\+(2=-2LF]MP(:7-<8KLL]5]M
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M \]60"I8= I96N5KRE+7E]HT;FO<]MRY;06Q+XW;[L-ML]@7GY60.3C(S!G
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MK0[LMUBY&#O5D85-$KHG'?@5IA_NV3\"!D\M>)?!02_V\Y-^R]O$5D>]%MP
M5A2VQ*!;OU*^_W<?^_WZ'?, <AAWW@G=XT%_ "^1%Q2^"!OI*.^D0Z"801Y>
MOG;XKG6&D/JC/QP[RDP$#Q_O[;Q!^OWC&)Y7^_7F2\!D,*_#=X !'K?SO,-
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M05+ON4-P-_UIX:Y_=5N=P79G"-A+!R,O!^.OBSCN;PQV7N+O]>'XTN"/_^\
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M40QX4,9F!B87=W?E*_>AV7L)(D0IHV26!F653](K"X!3D5NY#M!G5%\."<Q
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MYN,7S)=X-BE;0SS$2,IL1H(UD3B5&-6&*DB S"=IEW&Y*-3W P[?_!C0GN_
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MT_1[<8 NJNYT-@_&^('&.[A#QKCOM^)RJQ,/D8.WS$DI658V*9Y\QGG.^QB
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MDTMUO/)Z"MS ;WUL1)O.X)%.6CYU6?P1%)GIJ,X<GZU3R*VFD*U9)8934!)
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M>[*#G8'_C0 Z^_B5O7$'#DKG;?E1W)O,6H)U.T6 Z'8^00<&$$OWE*_EBRI
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M7@R-DH3*/.M.JH0(F?$Z3-^;\.K91'O1_@!6@8KV1T+[E#5!,Z58THD46B>
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M:M1" U6HB/04,C.Z1)PUG-B2KB8:E:05:QL".L"J0EVI\4E38V%!CS&KSD(
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MW@5+#(.\ZHV7/*BLX].:^?()0'_Y<E]5Z-\%^E..5DE[ R6OBJ59U@<ED""
M)Q(92RFXL7UO6:"_ HY6RY?WZM\9DKY[@KWF!+^&XR\U^]7R>UU]SRWVCC3]
M GN]P0X.3_O=83<._GVV3BIQWX*X,VE/?+ D#8H;G8ATK,3&!$<<%5EL$Q85
M%4:)!&L;0MF.L.(>UMGJ&-]>'GC,5%B5!QZ3!R;^6()[Y[5TQ$3F"&@GBV,&
M(]H(K<![KI5?V^"&=[BY7K2H\L J\,"<7;(J#RP-#TQ5+T0?G:&*R&@T@:RS
M$\-X(,B,YY!HB,R4PD7V7EX:E07:RP)S<,^J4&\OU"<>65[1X PR8B,MHC](
MXFQQP18N;_94>L?8VH:D=;M?3: _A#M6Y8 V<L"EQ%BH+9<1B8I)D+S#%\$_
M>)*H2,4J9 *$O.&S#A?72Q56(E@%(IBS>U8E@B4B@JFZ15%S):PAR2E.  TG
M""H0'9+TB45C7''0AHZA4(E@:8B@/;Y:E0):20%3GEM*))_%@2P!,)J5?Q82
ML29$HC2S5#GFN:^U,9X"$3Q.HJQ*!(]+!%/>V]2#BLX2XS('@'*>6!V0:*J5
MM( QEAH9E0B6D@ANHQK,V9&KJ@;+0P=3OEU&<>T$<&*L P)!4F*DU\1$R LB
M@-.4CPX%!&^S9K!T3EWMZW!M65O6ED\X&=X?V#T:-+_TCO-6._BUZ1XU1W&8
M?_CC3W'\]J^=\E;-E[<\=4L?*I"^K)T_\PK9/O*]TQ##]M%+[!_E)@-6I;-;
M2&<[!YO#Z>(&(*.F(I'H@R' 3?'>I)XHFGA$;5@6T\:&6WO]!*=MCO>5%![3
MC7.0GS?_5NEAV>EARJB;%U($8Q,QA@4"$APQ*6EB 1R4#QC'M0V0'6MJJKW5
M9(8Y.'9>,$.%_S+ ?R(=1)T0>(HE_-X2T($1Y_*?(:\&ZP4*1+>VH45-O;,\
MV%_]9'N5#.9'!E.&7&L4E0$EX0XS(YC@B46N\I^:\:Q&:EEJH7#6$7#=Z[.J
M"JM""DN:B*^2PASM!^7??B&&S?]"-($JI@F+(A$((A!C-2=Y.03AK ,G==80
M.M)>C_FHI-!J4GA@-]"J)2P7!VQ?<( /";)RJ(C3"@G0F(A53!(=D+HDK4S*
MKFUDK%<U827!/P??SPK^Y0+_7Q?@EWF7YXDI$C04 0 %<7+D^LV ASS77ONU
M#:,K^%<4_/?W]ZPG!RO#"V\O>$%S'3/\'?%&20+>(C$./+$I<P35QB<M1WY?
M\CZI82HSM-90\!#NGY4/6LX'[R_X(+&4T+M 8MXQ"& TQ" X$H/*2\/D7<-E
M.4%VLA[9>D/!"GB/+5^&O]='_9A[\2V&9NQ!5AS(]EYLW]UE[$E[\C^>R]@#
M9&2]3N)[P\/8?W'\Z:0?#^/1H/LYWZKX'996E==OQ>LOIQW(K,PJOD<DUDA*
M0'&>U3\J"'-*>9X\]R+5:)_5YX@YYP&L'+'L'#'E1:9UE(IJ19P/F@"5B;B4
M%+$L)*V9#,K.KYY+Y8C6<L3RE6VM'+%8CIB2(R!0P,2)@E0JO$K(]! 3P22E
M0>>YE?,K_%(YHK4<,6>?L\H1R\X14QYH%)A2TF:.T,J4+$.>&(V.."%0>.Z2
M\O,K$U$YHK4<L3(N:)4HYFF4F/)*0^DYU5G/$-$G HQZ@BQR8GQT:$HQ*9^E
M"=/AXMY>:94G6LL3RU<ZME+$@BEBXK2650I#:53$<IX5#L.!.)X\8>"!"Z.Y
M4:$*$ZM/$LM79+:2Q())8MJY+5G!N2:<NZQQ ,9,%]X2RY2A0G-)726)IT 2
M2U>.MI+$@DEBXND6&5,R:B"1>B2 5F9^ $ZBE-(K"<("5I)8?9)8OL*UE206
M3!(3]S<5L21"MB2S022@C"/&64]4,DQD,2)9MT3G&RO@ '?/]&FA^_E1O.!&
M &TR=H>]$?('(_>WYGQIS+5'<IW/T*??3HX'W;)*G_5C+S/-Y_C;\/CD&>'K
MY8FNCA\.8KG!VL8O;.+E/1K,ZH2]K'5Z%U%2?;+ Z[9SJVUG>]H[SS ,#*0F
MTG%*P$9)T"(CBDKEN?$)()8@#*ZO.UW7((Q5P/]#U.>M^&\5_J<\[Z0P2D66
MB+5"$Y#>$X,RDH J0**BN.IF_(M.UE<J 2P- :RTSUV%_CV@/]GZ>4"A2G%.
MFH(@ #X2+#F;J/;:Q)@W!#D_I]M* *TE@.5SJ*L$<'<"F/:6RS*>R.H?"9J5
M &STQ$9$@CHHIPV#9&0E@-4G@#E[RU4":#4!3'O!>9J$C.B(RDI@EOXM)ZAH
M(! ]3^B90.\J ZP^ RR?'UQE@/LPP,3)33/O0%C,VW_!O0-&+&1I@&L)Z!1@
M_JLRP.HSP/(YN54&N \#3#S8J,'DK!0D"<X)<*6)%0&(ML%*!UI[6QG@*3#
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MA@$M!,PT[S!>";@2<"7@!9\0)Z]C_L\XJ@"E1).D$AF/ G@0SE0"7@$"GDC
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M=176E@]\EO#$CPJ>T$F ]M8E0-#4EK#'8*SGQE+N2NXD8<<'L93Q>A(P[Y.
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MAF<GC,/F50Q?CH_#G9;_/1V#6N3:,^,(WMJWIPW>.3,^VVU<)%7)$H%!RL
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MG6HAG:'<,<ZD >^UBS10X4&(P)5*8O63FI0<(26!T:?1:AME_QA#9YQ<I.3
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M!9< D!N+C%-T*<60'SS,()15]#X,>B>2%_<JB3Q?Q/*4""@JB)-.$9WEZ)"
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MEM]V<&.64S%-%HM[J6QTM>>E!V-,Y$*2*2"E7?,ME\#P7*ESIU027"=DW/O
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M7NAZ>;>Y!,FGS"DZGZ%'JNA;&IR%0_J@CM^L=;O_">JV^9LE1EE0,$$N7Z(
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M>=^I.#@ZZE_TC>J-Z/#P/NIBW5P0==EC,]>",B&C3<"CE1PA21XP(V2KK'
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MTO$I'IYOOE9Q:LI @H@N*:N"$CR L80BINB]B#Q0U/:6-B<MD+#(0$*<#"2
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M3;4NA5PO=K;UZUJ"0&WKU]7:1[4)7_2$MWY=;8PV1G?&6,5&03\,^^D-M=9
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M21:]ER(EXFN;JO,N0K=0HE&]KE ]&O8.!^6-+RA>'(Q.>Z>#B]LC=SG8FQ;
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M,/S[NVR%VJ-MEBUQGY"TFN!>MT7Y *>](9Y.U>/UJZ=-SC9M-Z+ZLJ!?0:E
MPVL F-!+&;)S$0!R4H';*)1U67(M<L*; 5!. 7([A!78CNCX=-S)^ /",=D@
M;BJ(V_T(<=FFX*PP1640&*1@F),FEV^%()$"\1C7-L6RP]O4K:<7M[W8K7CT
MS6.)M4HJ6_0Q*P4R<2^CRPY,SF3!!=NP9'%8\OS'#UB2I##)$S)I@V, 03!O
MK6/:.IN%%\B57TTLZ1;_^I_FV<P3C;P42G,P3I$#'C(J%1$T<(=>D+N%VC4T
M>A#R5O_?JXBT]9L6+B6G BO6PS-08)DK,,0P>VZM<#I'V>#H#KO+?P4:W36
M>!\\=97&Z#[G_GE()_B^8MJ8=?>^P^/C,SSL_?CSB[\U0S57"NY4%-'[R'6$
ME*7C(JKD"R[R9$T28T/%FZ%Z>$/U=)*":ZD21J\9CZ*XS=%ZY@(@BTE&92T(
M(56Q4[!Z=JI1\*7!$A6X$D($A\X 9N$L:B>5=DD$&T-J6+(X+)F@X$88'\MZ
ML^2T9."!,R0?6<@%^<FBC!G6-N4*8DFCX-\0&@F.*:B@G?8:G/ N1![J@9Q!
MKLL&:&BT.#2:I. V>9YK1#!(00PH%"3B IDMBQ==A(#9%=?&-CAJ%'QIQ^@^
M!:]8USL9]N/5E*9FH^9IHT*D;-!SX[V#!-E'"EH%H2QXQ2,V&[4H&[4SR;Y5
MH=H(TK$HA"T><S;,@4A,%D^"A^#*NA43M8)!XD:^EP9**$/*,><L,(+W&6UP
M-BE!GBAY- U*%@<E$^0;K"3/E6 Y<<,@%_+MC'+,>6E#-!"LKNF"JP<EC7M_
M0V"DBV&$F )%94 K@\1C@2*I8@2TMODU"P2C2>[M14Q2UU"@#YJ!D[QP;W L
M66,=UYA,DBOIV'2?>E\^PX6D&B/-DK/@-D8;8^G&^$(H;/$@,VV$Y\7CYU-X
M/3,X-ROCPWQZ-:NP)@E*2*NR!!#.J2C1%],(8 4G<X>K66<C]@;QY-'STP,:
MOB \?#PZQ=-V!VLV/^;-Y!VL''1AN=RQX*-@$$WY6^:"11Z2([1&^IH=L:Z$
MF<V5F9/',@-6+0^\/!N,1KT1E0?JG[YO0#,]67*%'@FA4Y1"0(X^@ =C.'GI
MHDA!?R%7^!8\>?[',:7&ENZ*,A-18-($649@96FHH(R7S&5GF=0"5:H.1 HS
MAV[FC#!+'=.=ZN,L]=8O"H4&N ,4!$YS+!#@C#$I)L5SE&WK+W#K7[FUY&0*
M()ATWK&R\HIY;SGC7":?=<R0XMJF_C10TILFT+AX&W^/4=-FUB^S(0D5U]Y#
MH 2^&'DU3D+*1GN'(*#M[462AXD@:-:)!\\U(TN*0=*9E94J/((+J RP4 NQ
MMBEUUPW[2L4TOX(B-=%O0;05(FN24THV56F2356:9%.5)ME4I4EV6;*I2I-L
MJM(D'U15/DV$R>-_.I Y]TE(UMY\Z-S'T#_LG_;IZXHN7_N\W0IU--$[B\ZV
MXJM?N?P%C?J)CD_[>-@[')0'.#D;Q@,<4?F\1T?]TWJD,%KO'=-IKV7(SRV[
M+$J'PA&:6ILR<N>XE<ZB28([R^F66I53%_Y^5A;VYXMU_?'CLM;"W_]NA;^_
M_MSHKZ<?DLYV]W]1N[_\EB#PX#BR[- PX%8PG]$S"\+SH%VR-JUM*K7N02YY
M$OVW<0OZ?+N<4EF'LB]&YQ>B6SN'ULYANC-_XRD2<&]4<@ A>DJ:P' GP4*0
MMZ0-?W+FOUV>]1V>]M_1I7_[_M8C?]Z0>RKDWKV*W%FYL@S!,YY$+?RI-/-6
M&J:454@A1:_YVJ8ON+&"MY\ZGP+8T'$5T3$2U\:)H+W.@($0$Y 2GG@J8 BB
MH>/"T/$RU_'2K\V2^Y@S2PC$P.K,/%+Y0D)2"#)9)]8V!9<;8L:TJ,[!XSSN
MG#7X6D7X2L6+R]+YK)V&Y+V3Y*,+UKB$V=G0X&MQM/Q#.N=+OOO7R]^\!9N-
M(4:D8N'ERK. B$P:GP*$\K^M728XWUCZTN[W&L#LY 7<%K#X7.7TL\-#=GI0
M/L2;@]:Q;/X$7QH-GKR(3D!0QG..D90-SJ5L[;1W]6:Q 2VG?RHCL'.=X4OB
M)DB-C-#4ZWHNLQ!),DT)RO*AE5C3^I<]+KN,]+[AR26>@(R%9TG@2>CR!1UH
MY#92<#EQ87W#D\7AR35.;&UAP"E&%APH!@)XX<10U#5;Q16-R]R/?<K5 Y1N
MT=%6NVVND&1]]"9HYT56X+WT*EM?VX[D!%JY:>\D-TB: R1=Y[E99.Z,D2P$
M91DHY\K?@!AFXS7/PFO2:YMVQJHG#9):[?0.C=%]$O[KP>"0SO.I1B=#PM0[
M'?3V?]AJZ0,MPGQ[4MC/-*R96M?,;W;2.!X<!8B OF:%9<%SL+IP@XBWI! \
MW7UR/0-L]((B%1,<#JG%E^]D=W_Y)'F@+ &JC(QB" QR(.:<(F:* 4ZN\#8I
M_=JFVK#+?CBVC,&%!HVK"HU6"$DD%1GB ":YX%6 +(UV(I-NT+@(:+P6)=&!
M?.)@&(_9UJBK8EZ!8MJC"#X)DII6 AI;WD"#KNFA*Q;D*EX<Q9H[P"/WW/$D
M@S'1AP)=M\1Y&W3-%;JN1U-,C-(@]RP9*FZ=)\]<"J)6@S+.>PF>A]7#KA:N
M:.&*TT%O] >>G#=?;^'U>5N#E%U6*@@O,H?(=2&/)N<0LW2!!-*]6@,&S1Q,
M80Y>7B?YGJ),!?09^> 8:&Y8T!*+24@Z("]V/(=:%G %S_LZS_$;G$S"B30)
M#,64C"/P!4B$@10PH=!9%8^SP<DBX.0:,2:2D+D!QKT(M<UQ9@Z(&)(RAB!;
M,GY%X:139W7AY.LJ130'9Q9$"MZ#1*TI. A4,^2]2MEZ5:B4I^;@+ 21KO/=
MXG4:Q;-CTD+Q<!P)YLN",70F&,PQ0J(&20\/28V1?VN,_.<AG>#["FWG%/P[
M/#X^P\/>CS^_^%NS5O.V5B:JG(K) H$"0)I0*_=S 52,6-+I?H.S+==M*FOU
MZCH=#\"3M<8P%3(PB*"9#]ZPLF9:@ \:0B[&:@5M56/C2X4F/B>-$M'G B:H
ME'>UY3<8YSD/QO.&)HM DVML',MJ>Z<2"XJ*ZXOHF'=9,&.UU(6Z./1F-=&D
M6T?$+9=__MZ-##%)FPFEA&P@..LTD;/$8W3^EFOK#8_FBT>?<'$ +[TO@"0M
M9Z""91YL9$%K2$E$(T$W0&J9_$L]1O>)^,[>B][1V>%I_^2PW:2?NVE"R0FL
M<^24 TT*M<68,6NO,:-1GS%-DX50_Z+A(.'HH.5*S<M>Q>MLG(Q';I%JS5//
MP-8,>(O 7/!2>)XTB,+&__>_G!3R^]6S68V2+Q7.<.>RB1$X* /*R>"2R, S
M][$&^UKVY2(0Y?KU>NV,]EFRS(O;6V.OS OGF8H6<A(8198U^=*M'IITBY+_
MV?R>N?L]Q41*0R9BXD!"(BI'2099T(4;=[_'XPV/IL.C3^[68Y!)!6!&9<.@
M.#H,"Q"QY)*4CE *JB'"!D@/"TBSMQ)>&GK<QFAC+-T87XB1?17*I/Z[!<5_
MMG[8Z_5'HS-*'ZY!W.MSZ TMIWB0[T\&HWZU)8^&=#@NHO-]F9E'3&YX>_+)
MI 4<41UA;?,[^;>Y//:TT_?H U2/E_ S2K;PSE!-=#ZB]]IQZR:?R&Y8W>D8
M\M9I]?9'@\-^PMI)9H_^<S;H8Z^VW9JR4=T,-&J5V-(UFA1T/8XW5B9'D&5P
M FJI5:4*90J0;LFDF*I-UF65LCT:ONO',G\?BI1MG7[HD[5U5-3X(Y%J/;*F
M/-J\"!7O;/U&KK!<Q0MI\CS7- MDCC0R3MGI;#UDJ#43UY74ZW[6P\TY$::O
M@,7NGVO5EF]5F:<M$?TM M#-/4NB25:XE(4 T-QB),U#MI!)::'SE-40/\69
MED)Q7PFB!6? 1!640Q8UU6Y.Z)G3WC(KI<6:(.H1"LYT"E]6Y%AIQ;=_2F6S
M%X^#I(:H#$+&9,8)GCH$V;;_XC,ZR_87%@HXF\RR2Y%!%IIY&2US#ESBD0!3
MW?Z^Z_N_6W'7:7(SFY]P69LL\:2-B.A(@J$02 O(6N28N/-ZVL80#2CFF6JY
M]9NDXB>@15:PNS@*QA'SWGDFRK=9>&XX-VN;,_8$>K"3FVN1E*XG4YY/VO_T
M9LFI7'C\:B7IWQWO%S:4OT!YEZ.2BNL<G0(7=2@T,$!PT4H+/M]R<-]0_@$3
M%(L[&(RP&6+A@-PY!L($YFI]?.W0N% H8E:XMCGCN7UC@XT-6A6HML9PQ<\#
MBCP SZGH&B6OI.:V;?^%9Q.6[8^*0Y0*62Q^-P/,@CF,D26R3@LN?(#"!C5T
M??\W-MBACS]CJ]@D(0=(@FL.H5;"06V\2[F8IJCBM*UB&U#,,\UOZS>1/8AH
M#$O.9@8$@:'5GG$*A$%+Y:@X"JH;<>-5H8.-#2Z:#6Y3QK/#=A8X,ZIGJ%VD
M?3!HP"(&)4+Q"#%Z6_ CW=X9[7.7U1K6SPOKWTQR0@3E5/':6;"B.(40%',^
M6Q:U!>+ 8ZXGA%]U8:TQP\8,026)HD!!4@E"C?B#!Y 1=%0$[I82K,WA>P 0
MF&"&286L399,A:@82!__/WM?WM1&LNS[53IX][V8B4<QM61M/C<<P1A[+O.,
M.&,TX\#_.&HUPH XDA@/?/J7U6*16&QALTA0,>?(0MU=74OFKS*S<B$F*$-"
M5#XER80%/3?RWN/+$U4SO \9PH)(5#(/ K+S+G%ID?(8BYYF?4/(>P6*!P"*
M2<T0(3NG9#/1J+T3H"(3[Z,BW&IO@*."J$OR][D BJH85L7P;A3#M_WAL!DF
M[! "2D7U6XA_05*/,I]15 #EX&6V"@PKR3 25:&B^B.A^N=)'1"W61E3CL3A
M7DO !DE,Y(&P$L_+@G9!913_YLL-O:I_"\#_1@26F,C&. V!9L]*_5[*,TW6
MT)LJ<%3^?P#^GU#_LD=]/$9#,J1(0$,D1D,BTD23P6G4"NG2R]NFNZ_J7Q44
M;J'^Z90BXH",%$(0J/Y9JD5RW#(NJJ#PB$ QJ?Z99(63,A+K1"#@H52"%$!\
M4F"E]LX4I!!5_[MO_>^'TGQ\+?#X_MJHMR[2K7<:KGZKW#X+%\?^9I!P%*G9
M<*'9>KO5O4U >TT8]GTA\%D*'JP,TEI?:L;AQA.S=,)9:I0--\@+-03^$66)
MS;77DR'PX!-W3!M"*>,$<@C$&R>)$9E[)P4#)TL(O.9RF8LG55EZX1*2W5<T
M?46_[U:8:)8^X3B54@"2)2^SS#99$PR-!FY(W5H5I@< N0G+J@[194LMX2*4
MXS*=B5%:DL"$MS()@6MVZ_C[N0.W)V**?:Y(H@18#MZ'4CR,12=BX)2IC'NR
M$+8BR>,AR82-EK*4K.69,.85 68E\5(EHJCFN'HA0<Y++_730Y+%,^I6J>;[
MSXN49UEJKT-PP*(VUN<DG98B4Q-]Q:)'5-TFS, 9J'=).1)X- 2*TZ )/A+C
MC$]4>B=DNG6V@ I&MS0/W\HQ*/:&AWONN"Q'^OJ\U#N?^IVU?-=S,\S4.MJ/
M)=$X&5UV1EJ(!H)V3@1N&3/2!<8LU$1ICR71;$S:::BWD*SVA-%0JDQ*3BS3
ME"0) 84:$+:$QJNG)]!4.\W"((FVT0%8&;W,8),R$HR3(G)I (</%4D>#4DF
M[#1)!T3X*(F.(2&2F#:EFB.E+(YWC"K#XJUS["P"DE0[S3/"HHC H[5WUG(%
M5F?G(.8,,@M*/7<5BQX/BR;M-(%IK[3-A)E@"4C(Q*>$LDU**D7%N-/R28HU
MBVNG61BE=U[:F'_E^Y9I1>JV]-W;DO?)!@$V,Q? :.6E4-YEI@%EYZ!O3D12
MMZ7[W9;^F%2VLY9>B"!)!-R+0$5'K'>>^!RTS(%QQ>R3W)6JLKTP2,(B#S%2
M0#') >IO3ED?..=: !*LJND('@]))I1MZS53B2O") 4" 33QUB3"HG,^>J^H
M+^Y5MPQ'600HJ=KV,P(C$V-&92U2(RPDQWSV7'E@@>8$8%P%HT<#HTEM6R61
MA52<9.YD0:-$7-:,!.H"=QP_;*ZFOZIM+W(;\Z]MWS972]V7OGM?DB[81#W*
MR%)#R-YP9J5RFFM/3: UN\-C[4M_3JK;UE@JJ+&$TN*L!\H2RPP0I;UAT>O@
M><GNLN@15E7?7F0HT9Y;@4J<XS%!5-F)Y'1BWD!FWJD*)8\')9/U!(.@66<@
M#$&#@%6*6*XY29D!]:B*,*Z>)I14??L9@5% W%'6!2&4A.B9RR[G4#*<,"]]
MJE$(CP=&4Z?;05&MP1/.H!11Y[$DHQ$$28!+)@+5I9Q51:/'4+A_*#_-G.J^
MM8W:QL*U<6L#V(_DR(J]OR^E&B+EYA>J3>DSC_EZ_A_!7;J'+SO+V7->E/5.
MNRI7))^AK_\Z[ ][98MZ,4A[;M3[._T+)_8%X2M6'UZ9<^^&J;2P]/(GN(CB
MP#6XIU1>3S 7X=7$0CP'RIA/U$L-4B5#,\4/99))/(D;/!MK8J%'E0O#9&(A
MKH+DCAJ25*ERRH&5;(6<4#"6&Y""<;/T$A1=ENJ6LN%C)2J\BWQM\V^Y__'L
M0;='LIFF;:$A[OJ<'T*Y"*!D+@5YF/?14Z<=PEI*I7Q7U7 ?#<DF+?<B\R U
M(S0E1<#&3(Q@D4A).>)73H;'.\@>=#U0/&86UJ=AN'\>2,)9\"@N.<D%<&N<
MXX@CQO&HE6(F5B1Y-"29,-R;I)/#Q2$F,DH@)TJ< 4\RB)"RYI2JXBAWRPSO
MBP E3\%P7\6:68/MM:">4V<")!3TLU=1"Z65!' QY%J'_A$5M$E'.0J6!BV1
M9*Q&N88K8G@0Q()C7)2HPI1N742L@M$M[?:GV>6;FD6HWGD/683FK\/USDHJ
M]<XYO[.22KWS=J3R0ZX&<U\*9UZZ7-NH;=Q-2,T3]"AXM?KF[7/V(*B>I;.X
M%A@:HZ'2^Y H9 XN<:X-31$_@S<W9*>HK@6/:;GJ;DRZ%E =8\1U0U(RF@ M
MJ914""1))KD47$=MEU[R9:O$LI:+'G;^/.(%:\VB!S//<ZJL8=;I9 ,H;9T)
M2I=,\A!%4*"N!T!1S?/W#W(37@?"<,NH!B(-* ) !;&>16* <2V$"(RE6K-H
M;KT.G@62>*&8-P*AA'/0PGFOI4E9@ 1F!*T9,1X/229K%I6J9^ 8D=FCN.03
M(U9H3H)2F6=P8$Q <>F'O0[F#TJ>@M=!%6MF!".P-D4A:<K> ].J]89"-2$P
MZ[66M7;](^IN$UX'VB@0,3J$'S $C K$:&Z)I#FK&''=J*A%BVIZGD5N8_[5
M[5J)YM&R]6C/HV%.!YL@9(7*=TB\5.$V6MM44UH^UC8UE1PW)6J99X* BZJ8
M&#-JWUF2)$+R0+W523_)7:IJWPN#)"Y)95'G=@ )&'"7! 4I RB>3735S?;Q
MD&1"^Y:*.N8AD11X(*"D(#9R(")KQ:2*J(J[)XDD5?E^1EB4&(3B[2\L9^!0
MO &E@$KCLTV>JAO.%"H6/0 632K?0$U*D@M$'X;*MX@%C (C+GD=32GSG&T%
MHZI\+W(;\Z]\UTHT#[4MJ5A.HSBH)"7H+!VJW90;Q:G2CJ4;#JCJ4?>];TM3
MJ7%1;<G,Z4BDYZRD"HG$HCQ!HJ)>:,F1>-F3W)6JLKTP2"*3BD%+P[.,D$6V
MT=B4D%2YDC+'&F#_>$@RF1G729:,-$0*J@BPD(E1# BU.?K<JN*H;#/]]*"D
M:MO/"(P"5=[:Q*(7"A@%K[)%B2;[J&DY6ZA@]&A@-*EM.^J3R88B!N5RU.T-
M\0XT85JD*"FC2BI$HR?HPU?5[6?3QORKV[44S0,ZA#KA$U<H)0N@(+SSG$>1
M$N,E:WLM2/Y8&]/VI+X-S%GE)<K&.4D"PN$W7\J3XT)14)0Z[U'??H(.H57A
M7A@H43E'IZ422*N0K+-(G#$$)6W()MLJXSX>E$QFM./"*$D%45$ @00H[ )P
M(IWE.FEJ@<FG"255X7Y&8"0RT(A;I(L*P&MI30[,B]BFMPNB6O\>#XPF%6X>
MG.'X09(*D8#6@=@4. D64-U6PH1@*QK54C2UC=K&LVVCIO:J=\YX9R65>F<E
ME7IG)95Z9R65>N<\WUE)I=Y92:7>64FEWEE)I=XYSW>VI/++R/F]]/(TT>]$
MAN5]-_C4.R E8; Z')T9\<8)EYF9MOOO'@U'O7P\_JEW$-/!Z 4I-RT]M.6?
M%\O_3^SG>TF[/,O;IR=*MXF:EUYV=U(S?BC%QOV=!NY3:GKEJ*WYNV3C'9:L
MOHW;VVOV^MCAT?$A_N0&J2E)F6/3QY^PA:.#0]>+S>&@=Q!ZAVX/K^ZY@Y!6
MFMG;[V-#^&TX3"-\PT%L]DX/ 7N7WWB6,[K)KC<8-[/23.>%?B+DPN>17"YF
MO>GG=OD+:0R;G;07&W_<3.4</T\W_L4-IVGF:C.KOVXUO>'P*+7-X"_#=/[\
M,A)-V#LJ/6J&*1P-3EO%A[\<+#=?=GIAI_P5TR@-]G$L$?]"HMGOX\<@N8C3
MT_0]SL3?!59*<XT+H3^(A4Z;+[W13OOW$;X/7_'IJ#>^4*@3YQL)#DEW#R<O
M-KEW@)?*76>=6VE61\V&&X2=\4&I8,M-.?!>OF:@5SI?^&+4WC@U<5OI/T?]
MGEN>J@._]7:KNWQM9?CEEF6F,[R7*?^OVQ05MSGFR(.1)H"/SE*54H <(5B5
M_0U!ZD3=(O/WF_'<N;WU@^%H<%3.]8>;90[^?08=ZP=_I^&HO3"1%'SI[-Q?
M+>:Q_U[ZGW?'']['0\]!;9Q\^N?#^\[>QMJ'O0_[V[SSVQN\=QTV3O9V-_BV
M[/#?L5^K8F-W+W=._F ;7SY2026NA20R!DT@.R F&R">4P.:*1VX6WK)N;IR
M=-\@,.SAE^5;D0(N'S.<ZFPT *?99R^334(E?)F,-^1.J:1PWZ30^?)1:'"1
M6D6*SS !0S7QEADB''<YNNB4XTLO05P-F_@^4C#<>>6!<^$!7*+.,(%?@&4&
M6N5<2>%12(%O_/%12@K)JT"B<*%X%R(I*.L)Z)R#B<BI02 JV*]00MDU;D,-
M";*/4D3)VGSH2&V1L1* K'4)NKK!TZM2PWU3P^8?'RGE 9SVQ%D9D1JL(4Y9
M2SA204K42&\U4H/Z&C ,TO PA2)<[QVO+)9(;683J<6\B-1F1;6S\"X=XJP7
M6FZ%0"1L9(I);2D>#5S+EB@]]H]&PQ'R[%@,+MZ216>*?Q=9=5CD2-=\PL4[
M: [[O8-1$7*QM=3\=-!'$=-]+H_A[_TS4;<YP&&=/[[OXJDD?$H&#=Y9^G38
M[^_]?%G%*D14H*%W<-1V;_XI9#:EZ[\OC6N,)2YRR<#88(P!J82% "F(G!7E
M4F4YADE\)L754;MK!I:$2RBI<4"\M%HGJ;1/F3)-4SZM971E#N>#-L_4O>OG
MXMMC6T5:1'(:?$YM":J_BTI2X 6I=>20*">4H*+9'PZ0CF.A-M<<],E>"4@[
M[A5ULFQ/Q2Z0<M'C8K\IA#S6!(NN-\X3TQH+)H/8BA7A:/^PO'.X<G629[(5
M,'Z% &\L0/;#*W3AE-V^ZD5OA*P1IA9-7TNL:Z?J[CE E-VP:;?#608Y R=>
MPX@/,0]?9='WJ?F4#HI"CDK]T3 UOH^@=4YO^X=N4)1\))2QT%'FIA!)/"VB
M@[06W'"GR7O]+\U^/Y;J8I^:40H[![W_%)L44N*Y(>$:';Y_-&C>(JWM->(&
M@]5*\^?PS*Z!7R::'J!>WT-\/7_!^=(-TEY")!Z-S6/C)B<(>;D9]O?;-L?&
MCL'9OM$,<>UZN1?*LT<'%T:.\X:&^"WB]3+PWMCZ@L\BR[7#+K>N-*NM,01_
MV#M&J7"J3>2W07)E/(,BTXV_%_O)P?'%$$_?19KA$7;.E>Z/>D5::V=[@.\:
MM4Q:3!6'T]F56^,.3@9N?6=_XYO&]L RYZ<+>#$5^!9\?6_8WQM?^M(_0JS
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MS_\RG+%_-:^N(8,SSAUKDBT97 /X7[>UG%KA2I*\B>F1-UA?3BGTS( WB&E
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M$2*)Y*BXW4\YE6Y8X^RC)27\8:5@:\QM*:GCV'.&$FALB%LLD*.Y(5922?H
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MK)0-WAE(WX5['[3V?OS,3(,,QG:^]0W&]>/W5O-;\V#K6Q,,\=W3YM'>C_%
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M!70F-O^)I9MP=G3>N_V):+OPG-U2N\!)*\JU'$Y9!,&$;T\J+LS:1COS@YV
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M&.2T<E03$BGK%UL]_OC?PE6I:NJY5-!1@>IJGL.L0'6Q03> JE!.<AD0#9Q
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M'M2]0[BIA2&>V68+M&SU3?9=.)$![":R3A K9A2Q($C=[F6&H'_R6<$L8/-
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MK@X^?VK5K_YHUK_!6(\WQ,')'PG&\A/B#(_!4TP:0#3:A+@0 9EH(,Q43$
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M*_617)R:A^XK)!)(#OV+38<X)R+_1#4&)\;FVB8$/OV[:IO!9D@8C-F&ZG2
M8._MVE7U/&NH->SD8]G6Q;'LA1/E<9N0S&NR'_(!99#+/<@Y%>"OJHFJ525J
M@]GKJ_.>Y;XVJE9!HR-[\"3%]U] P>?G6;*98$F2M()HI[A7U FN/2?,$BN8
MMW@.!? OI,=Y0.CT,5D[UJ=J\SW/QR95F[^%O7P6UMIX+UJY<O.W]S^WW[;X
MY[=_?_^\OP/C^LIV/[7$[OXFOURUN4TW\>[)UA&,XR17>6YO;/+=D[WON_L[
M^Y_?;AYO;X2]W9->=[>SE]K3G1AM)$X)0I 7.-? QQ19QF'K*NJC5D;A0%;6
M>).)9]B(L9!2(:6'D]*9"Z-F!>27A(HN"L@;S1*)E*)@K4;<<8ZLD0%%Z8Q*
M3FJ"_<H:D:P)^ZR042&C)2$C1QUW)!@OA.):"N=8B)9;BCV)T=J;FUH4->AQ
MN8>><P^-V'',$Q(V1L1#5H.LH$@+2XE(4G";\R'H@SO%%=XIO%-[WBE*T(*)
MB)\340#6,89%% ,89;EV,](^2%""O#*$>1*\ WN,UDP'FE-#[65QFG5>K9=N
MVH]*7H9)AF7D0N7279P98SS8 -2Y!'):T>)6JAV-S332]B*;VQ0I(P3BWCED
MB5*(4+#D; J:RUSL'#?UPVFL--(N,"XZR(/!.]7)SS-'HQ'(*F80EYHC@P5#
M%$RAB'T(F)N5-99]PO-00PI^ZXM?&Z6S@9GHH^1&<LT]BYBIR.#I:?)SM2&*
M&)X/DB_<&IZZ('+6?Q+"(RZ<1R8$A:S01AC,O,K5A(AN4EE@7&!<7 %/#]X+
M5X"'U7*.)&0$I8BK!&*8@"Q6A ;.%=9)Z2R&!:V;&"ZQB$_^SA<6Q?3AR%[J
M-S='#_FMY,AMO>5++4=,"B!*1&+1"FZ5TMHH%PCV3.D$=EWQRM1-HFQ_F/+*
M!*TL29*@0&AV+C."K($OV+K(&$XN2;RRIEE3DCHYEPN,EQG&11U\"'BGO#*,
M:<4U PN.6<09%LCH7([%64*$ /T^EREA34U%S0Z'"G[GC%\M,#<>>V&EY8IR
M0XD/5FE"E&78%J],'9%\X96Q5!CCK47128PX3PHP+2A2*H*!IW,W6+>R1DQ3
MT:OE-PN,"XR+&%XT>"^\,DKC"'\QTEH!> 5A"-;1HBR;+8[<FZ@!O$VAZR:&
MBU?FR=\YIS"9FKAB?I,$.BE\6:/4SW*/);K'"W-@OAO 9QX<#OV>'4UJT75G
M$C-S[4>8A_W][GBV[%S1S!Y!,Q/>L7SV$C!)7/M@5&0J<2(5%D$94_R<==/1
M6IVM<:N+?U9ZVOJ7D (66!EDLW7%0W3(<&>0LH*G9$S"D60MC<AG&-%?</PD
M."X6UH/0VWY]CEZA#=/4:.2)D8!>KY"6V"!OC).>ZN2<R=DXK*GTU3[3!;_/
M!K_>>TNY<C)*PVVR6B:M I&)<,>"(L7164LD7\AA2U-27FHD0@(D$VD1;&6*
MN#':&A\%CH!D(IJXN#H+D(NKLP[PW;X0Q$[C(&GPB!&F ;Z*(^.P1S9)2D0.
MX@\1!'%3$M6DHDZJ='%V/OD[7X*SLS,8YVX!E<OS,=R;]RYO]JS3MN_V\,]&
MB%*AM'5."LXB!_W):DZIB)Q;^,LH*5ZI^HG3]]->*8I9,LPX)"/!B"O)D'6$
M(V%Y]-Y$*7T^.Z2F:1Y>:>).('GB3(U"<X7FGH;FBJWP('*;=MHYF["/'(%Q
M!P:^)01IX\'HYS0%'@GGD:VLJ::09!YNNT)OA=[J\]1W:1/K#=C-EBML&*<A
M $BH-CBGQ&O!#"X^S5H2W846)Y32+J6(K!<<\21S+%C2*&+L07>SD>BPLB98
MDS)=6*ZP7&&YQV:YHL0]B-NF'+X^!9V#T)''#)0XQCVR'"?0Z:(23',A<W2K
M:BK)Y^'P70B]W:.%T/U/>A9TCZD98S M87"8^X;.I?E"&>5S&64Y WGR=Y8E
M>/)WOH1CJ'==Z[J][K@;:]Y]J=QCB>[QPD+P2R>D4F_[8<'&,I+$ R98<&^3
M53PPC;F18#BYI&YW;G$2AX-@1WO%I_?(=N_WZ9-9D2O\8VR1PCHB[A78O3HD
M% 55*FI%)&$K8-UJ2NA?-0IS*IQ4..GQ.:FXX19!1U-GJ0:HB#CN$.%6($XC
M1TXP#?\4L(!"B6!][LI6KP3S0D:%C'Y9[T(RS AG*JG(2?+:,"988DD9)I-V
MMSL3* K2XACI0D$B6@H@'H:8-AX826"DN8V(>1<H=BG'B1<%J7!2+9ZMAIQ4
M=*,',='4$:7D6.E$@'\L"XA+DI"%WZ'D7,16DI!R:G?]F*BT2"I%W7\_;7_<
MI:H[=MQ+PI26BJOD38A2$$T2CEQBS6XV[D;PG/!3"2E[,D[[MC[M?K+">$Z5
M1\()A3@A%AF!!1A]+DKNJ9<.KZPQT9247*&T?Y46#75%\T+ 7#PUBT;NE*?&
M2I< I $IIPD@EP-H0PA(,@LV4@)UTN4.*TTMZ]:DH2!XWO(8D\ #PXDI%H'-
ME<;! ZJM2D(X@M7-MD21QW5 ]53Y*&Z9BPPCJJ/)(=X> 2TS) (#<I;1^#0I
M6\&-*/)X>="\$# 7>;QHY$YY!XR3@3H+ M@JB3B6!#DO+**)>L95I!&37"6?
MX+F4YUU<TZ3G'6V3#L>'PWN&I[WL(CQW45!HLE%YDO-H,8^,@8V):1"<&IPD
MCJXX#&I,<YO3#@/O(D@B"AJ)X+F%@)=(:R)0"@Y;RYGUGN3"/%P\Q%]0OW.8
M9P[FA6"YZ">+!NZ4OT ESJ4* F%&$^)""622QH@$;X-ATAI:]?ZH6_. @M]Y
M5\03T@NFO;8Z<A8<&)PI6!.$ESX2G4HP1-U ?"%]HXD*>T,0#SXB[D ..RJS
M,-8Z>&FH%:F.1Y %Q$L*XB)_'P3=*?^ )=8R%@-R/ G KT[(FNB1",1JFQWV
MQM<1NB\OBZVTCRGW*+EK]VH?4_K$+.S(CQ&7A8:+W'(MO$U&4L:#$MB"BLB+
M1ZW&BD%KVJ,6J8)U% F!V@:* <$:V1SJC%/$TB3*HZ)5" [!LKC4E@?-"P%S
M<:DM&KG3R5(ND)1XR@D)#''J*3+"*J1]4HH[PS2ICORPRL=^M$9*?4'PW$^X
M8A Z,JHULP!<YR2G6$;,!2,F,'V+$)PB=!\;NE-914DPK0A!Q(,-SC45R,+Z
M((%3$$%X6+JTLB;4U=XP1>+6%J\+@6N1N(N&[71;F*"#M 8CPC@%V":&G-0>
MJ>@Y-R%H%D%7YDHUB:A3?[92C>O)W_D2_)B3IC!3WLS2&:94VWUD/Y2Q@ACE
MHS&)1RQ<- JD:E1&N23Y+^I\%#_4D\O6CS.173QIR:)&U@B'N %#UKBD$$DA
M)!R($C17X 535EVM+G[GT/-26+Q070V>>B%,5TR&1=/:E),. WL1P1,2C!K$
M621(:^F05]H33D4R.%OZ3<+H/)QTA=X*O=7GJ>^BR1F97)1&NB@DEP0L;>\(
MEPQGF 3K2Q)AO2EOJMN?M!$[IA"+02).<416.HZ,8#:!K"+)BI4U(IM87>6[
MHLD5JEM&JEL(TQ5-;M&T-N7\Y1KL4:\XPCRX7/& (XM]1%&;X F+B@N1CUN%
MIO-P_RZR1<Q#H\5JPD>_\DI>(*+QIMNW?=^%7V[U1^/A814OUH2/&S]%V?/3
M!9Y,T74M3F[7 .4YRH='F*%G(T28"AK,2L5SK =1S#*AO!5&P\\*\](3NX;B
M9'>F)W8241)*D<'2(RZ-1]8;AC0Q3CI"&+5J94W(IN)7X^[N=Y0X1R#5O"QI
M(=5"JG4GU:*9/XA*IWRL7#A*0A!(2 F:>=(>N40XDHQ1*7-V<8ZF(K0I#6MJ
M?;5R4:'30J>%3N=.I\Z8P)P *]DDSHVST3F* ]5))B&D*1V_:TFLTQV_I9)!
M:90\ V+%.6E4 \\2JK0W@7!)_<H:4TTBBXY:2+60ZG,CU:*C/HA*I[S'N70_
MHX8@07E 7'B)#'$6<>:= K4UL&1!1R5-QF63XZN!_TM+IY6/^=]C"_>%[Z'[
M8^WLV=J'^[#3_-K_PB_/GF3?#K]V^Q-_-ZWX])'P6-WQS^X8ANQ_[46F&:&W
MZ2U;/=OUSZ)GN?G;X6C<3<>37W7[ >[X)]&/^;@WT0^=N,@;^]6C-1OC0>.'
M'1[#H@-[?!W&.&HVAO#LHX8=C0:^:\<Q-(ZZX[V&AT6WW7[^?1S#R_W0Z$T5
M,@ 6&QP.,W=59Q;5=<[V;-_'QF@OQNQR/XKPN<>-F$LB-KI]^.QPX:;/K)<W
M_VBUL3Z&J1_ZO0D&&&DVLAU>77\4A[%Q8(?CXSSTJGEI-93\4\;-:#)8F%/[
M%1[G:RZZV#]EM8:M:*TQ2(W_N4OK%"ZL%,0FJC#'-&F3A!8T,IJ[E&%]O9=@
MJ_UFGA1LEI.">_$_.\>?/X4#1[EL?_/'K8ZGN]\V:?M;KYMI>;OS_>3SVS>]
M]LG?W?8G&.NW=?%Y_^_4[FRR+YS98(USV=!GB!M*D$E.H22#C]IKCWG61U>-
MN4*?#=B8/?BAV>B\6H>] #N[.O=YA.U!$W?&8^P]Y=%ZR['CU$;B#3>$W>!$
M*MOC@=O#\R]4&FP%)\AI9V![.(:,<01Y8:S'(0F9Z,J:6+VFE\3%]LCDT;VN
M1NL%(<U_SQ#J$TXZ!>VSXY'#)C>61LT#J'C -0O9,_*E[9EO'\D7V!3 )4PA
M[)A&7).(G D2*4ITXI3))'U5E_#JEMF?;)E*/&U$'_==',Y(*/Q4$DIZ*QF.
MF6XHIY3I1*V@UFG""0W,7F\C% IZV'8Z>7_T15"PS4QT2.*$$?<I(2!_@92E
MRB@I=-(2MM.JO!H?<D9!U>9X;"&%O;)&AJ2"]-Q1:IA*5GKGO!>:\UAVR"/L
MD.V-]9]?L':2YQ07K4)._5816:T\2@Y;$BR.SJB5-?FK';*Z_!;'QN$PFQCC
MO0A_89LW]N&2O1&8 @'LA&N4_0H5$T[-YLBIO5*98A<VPZBQ9T/#-OIQ#&\8
M?H=O/VSOT%9H^)J-E3O"A"7F0 C'1+#G7',3>!*!R&"]4"K*+QN57(8_:)X"
M^BT,]=U@--KN7^_*?FF2>KOCR1?0I:EB5B)":0Z8H Z!<NT1E4XR14&^);RR
M9JZ!S?X4L=ZP.7HPVW?=' )4? >?RA7+59*",30*08-)6#,10K4Y\-GFP%>.
MC>7#0M?+)IG=)*W.NMCN?/S9ZNR>P.<=M8^^>$&XQU(@KF) /"F-+-<,^>BP
M)AB+X$&Y,U?S"<^V#)!-'!U$G^>V=[S:Z.S%4;R>6DX](+ @0$,65+YA]-FW
MEJV)1FLP''\%OFHXV_^>B2]_SH_*4=+,&[+9V.H#?56EZQK)=H?5S6/#[]G^
MU_/WY ^85(?L]OU@/U[K8QF-X=M$:X#]?/K&/_*X_K7:F!4<^:GSCN[V)\]Q
M"T?<VO^ZX;_7;I0_IQS/) B!@\&HF^_ZYS#VJLWYUU$WC/?./-Y35YUZ)_'%
M)=;! QV.;[YD2K+YRGWT1'*,DTM3.O5U;W@VF@-8>N2&T7Y'-L%@_[2](WL\
M6OGW[(S#=)_=G"CX^,L/?ZLE6/S,W. PW=SXM+V]T>CL?/S0@?W=?@V&4GNC
M\>'CJP];&UOK.UN;'QKW4&2>]*':VQT8=6>[\7J[_6'[W=;&>F=SH_%FJ[W>
M?KVU_J[QH0._:&VV.[]XM+H\RS5*5NW'_,?'OCT,7>"Y?]UJ[V3FFE%Y$6&K
M8@%:[PW;9P"6&R&KOXU&;Z#&'Z?,#(]Z'<5<HNZ)J$^":Z&8,O 88,09K7E6
M7W44T3".[<I2'+54-5W_.:OIFH7>><^DG6SZOAOX[XW7%Z5>[\,B-3.'WOWS
M>J(_;.V\@Y_&>W;<^+]#&&HZ;MC1C(4SHUK VT ? '4!)@>TQ2S_+[2'T6KC
MS6!X/QOKTH!^85;=2W.V(5(9,9'6<):\4TX+32)85+D=??B-674WS7EX-/YS
MJ^]!^H[B1IQ\[_;/PX760]X+U48:]->KLZP7K$)[UEX'M3EW_A,<8<LEXI;H
M7%@2-)BD Z'1$5+YT:\F;][&TKJ/&:ZQ8MPD+R6A/'=YTEI8;CAV$C0ERF]A
M:95M\EB65NOG]OH7$ICU'.QREA)86MZ <1ZI1CH9QS2E4DJULD9OWC*SEE9S
M0H&5Z_PN=M1#+:(ED(Y3@0>@1F0:K!X2I,1K.]IKO.D-CAK_B>'KLXI+J(38
M#SL\C2\XSGOA_) N_CR(_5'>*+UJ*L:#Q@'LD^IH!18\[X?>H/\5P=OW@17<
MN**G\_"%"M@Y.@55IWVCZ ^'L*-.)G0%,Y _;SJRH=J:60S#5NH=GN[,W\0Z
M9/YII'-5;QBK$<(&/C@<@M4;)\$0X6(]SX8W>Q1Y>GHT:OB\UBFO]5ZUUL_
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M<2X,<II31$5(P )<)*U6&A& >)"/G8>'\<8SRWH+X4[V8@UZ("@KS3G[%QN
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M$T2FI*/+/8IED](Z]0\K2%X^M:0@^1&0?'%Z91Q+6E"+N&3PQ1&)G(\\U^+
MT3HGA;05DNOE!GT)_I++'8I[U^0:%6-K.?63V;ZF9Q[AX\)C]W.6Y(1/3I6A
M!%%O,.(Z>>0P?*$1.ZND443YJJ.IUJ)&=E;![O)I) 6[<W63Y-8'6&+,$N*"
MX%S'U2+-N <4&YMD/LAQO-)!I*Y3)-Q+\)&<N@!SY0QXDO'#SFN*654?!63]
M=$%G0P(+A]V!P[9G0DJ^GWPQA"0F,4,41 [B1%!DK#:(2L>H$=Q+.]%!5*VZ
MJA?X+I\.4N [#_CB&?C&[.^P %^M:0#E0U)DL=)(82LU5IYBJ5?69).+!UL0
MQ1-R)^R]/;1#"P"+C8&#T53!KL4'LNPJR.FJ'D_%PQ4"NXL--7TB0V"QG.4<
M26HDXE0*I(/()S*>2J*$,9CD:OIT;L64B_NCAK!=@.I18/M@V$[U@7,B16,Q
M2MP*Q"..2#OO$8O82$<UUA1T#H*;F)D:X;8D#RVU5V<GCKJY<&'7]AJ]@9T4
M1VU]V&D,X\'AT._ETZ9AA)O_*(Z>9=6RJL(4@^'XJ_U:-2/?[N]$V]L<C>TX
M[IPO\\YDE0N!W^7\O+,^W<@"QV2Q=!8YHTT.\(.?+'&(6"$4-UH*IG,7,L7J
M=(!>H+P\FE>!\F-">:JO@L'4>D\U2I(1T,9R2S+M0CY$3E9A''S*Q;2:LE90
M?@D>H%?#;O@:)\I*KNN?'ZIX@)99-YFL:*:S_YRN9V&N.S'7YK020E6(CH6
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M4)WUVCFM3!#)(R9S/72I'#*P@ ASHID'T$J7VU4^N')' 6R-I>P<7'=%RBX
MNI<2MHF-W%B".$X6H MJLF-.(A%@?6BBW!D+MKT01<X^3]C.P4U78+L V%YV
MRA'":4I9*=92@7IL--*&P"+IE"MF^1@DR%S&53V N^AHP*>H?3M5Z'6S'W*)
MUW^J$J]/6-RU-+E>P 356QC<I02/$=I[S!33B>M +8F.,^*,I$83%:N"%'.-
M&B\%*1XL&B[*P^)69YU\D4%*KDU BEHPQJ(QR"::4(S:,<T-\XI-TK*OZG0/
M*D?QA"VN"ZD64JTKJ:K<;-[%%**@/#FOM:?4,)?/CFRRYF92+<SYV,R)9YC3
MZZA9(@()XQT" >B0H4X@H,P402X:2X$YA9ESL<;"FX4W"V]>X4VK@U ^,9><
MYI8;DV0PWE I#9!E+,IH/2F5SE J+*$-4EF@U"01YU$A(SQ#BAD=(];.!)*5
M42WF7 ^RD&HAU4*J5TF5*(]#U(D$ */%AH.-3Q1QH/<814@AU5J2*I_54UVR
MS"F#M,(VQV-:I$,,B#@2C,%>44JK:@]:%U8MK%I8];%9E:F@!4\*_E><Y'+E
MH+E:D7VF3&%>6+6>K'KY2,U1RWG"'G$G-.(J6N2,Q4A;*HUQC,-WX%71U/.N
M7OZ$O%H=S/V[:N>^]KOV\?)*^_BS(:!,;'\2/<MVWPY'XVXZGORJVP^Q/_X3
MY3?-&]+F=XBFU;'X1:6+A7_Z[$2I54'S+ !X&^.]"']S#^G]0=5#.E[TD)YL
MJK-&TLU<IKC1FRXW,HRCP]X8WM[M-_YG@:?^8NK4_]8<=LN  +F<[-6+_]DY
M_OPI'#C*Y>[^YVY[?^?[Y\ZKO>V-T&UO>/;Y[2;=[NR2_#F?-]K[[6]?Q?;;
M-PET.K'=^?BSU=D]:77>L];1%Z&M]\%H9#F1DS8*FG&&'+<N<$6XR$R$5Z_6
M^VG QNWEQ1\DV!P PQ/8'+UJ@IN-H[VNWVL<Q6&$UWQFEFKC7"S'5"I)PT\2
M3*J4DD:^X>$P[Z&*@6S><I4TRE>-\H?!T@[V8^./_%G_6IVM*'.54#)]F-^3
MQ6-PQ>_%/YVT=8^PLWN]P5%NUUKQ8^-@./C1#? 9&;,ACFVWEQ\]H]+"#,-$
MV''CK.6W[8?\SYDIF^UGW6Q<[M#<K*[*?8>!!<;=<3=6M[R&"ZHW;D0?]UT<
MSKR$5QNWF7U"'W-JJSO^V1W#TOI?1TY,)KN:7D)7>:,J+4O^JB9U?3*IOWN<
M4^DDKD@G>+[)PIV)X8DPA>?LV8-1_//LA[]"=W30L\=_=OO5V*J++HM-N.=?
M1]TPWLOZX2J>Z(BG$2VG]S]]>;5ZZ9(*,'F-J54I;GX9KY)[OL8-O]>5OQHL
MP:M"RD<8+!.B#+8,]K$&J^BM;ON;D+1EBCQK'V8Q,"N+;A%U=H?^],O5A?Y,
M!C=>#;OA:VR\Y+F8U3E>\DQ<UK9>\EQD'?,E/W]G +KIS 3<-T+Y1@]-36.7
MK_=VKI]:&8TS ^,Q@I;O4AWE87[V)7(G5])Z+H&X6^TWEUTN$\5@NB#*/\/!
M09Z6*8<+7DZ'R\1=_*UU_/G;.FV?;+'=DZ^B=?*>M4[>P-C^VVMW/G]OP_BV
MWV[Q]MOW[+*[N'7R]WYK Y[T6_BVO?']I+WA3UJ?WGS__.DC:>_#,WYZSW>_
M?<6?-T)JS906^"Z^..QI4B0A1Y-!'%.)#*4$18D=#I1Q*M-UZ<DU[?A6$+Y8
MA-\O*K0@_%$1CF<0+EC CBF*K,M.6"H5TI:YW+L;4^6PX-$4A!>$WX#P^\4O
M%H0_*L+I#,*Q89%JXQ&E*B%N+,AP(S"*(L(K00I2U2VX6M6L0+Q _-[1= 7B
MCPIQ/@-Q98F03.2(8V$13P$CYT36U95TQL@<H%.$>$'X#0B_7V170?BC(GPF
M;FO[_1?%F.-<2B1H532<&>2$KS(-1*))6J,"8'S.:5NE^_H#_8UGT0MG+D=<
M"I<^+ID9C0V-%$2B$9PQ4'P-3D(Q+XW4BM"*S#"AA<P61F;=2UY%K)5AE#&D
M64Y!Y3P@';T =458J9Q0P?N5M3JU>2LXG3M.HR58ZBBX3)@;0F'9J7><.4.3
M3]05G#X!3F=]@\H3X5F02%+-$1<D(IU21#18IGEDE M;</K,<9H<CBK:R FA
M' NI$U'&:$6IY]P167#Z!#B=]?!9+F20(B$9G$$\2(X,,P1%XAR5QAH9Q<K:
M@[,Y"D[KC%.*K0A$2JZHX0:,1:W ,G38JFS01U9P^@0XG773.8XEB%2,E'41
M<0,X=;F,<$A).:9P9&D>9VT%IW7&J3,F,"<L]B9Q;IR-0-(X4)UD$D*:@M,G
MP.EE9YL( @MG#9+,$4"J$<A* DBUBD>I.<,XK:R1JV5'G[@3^6R*X^G@8*/
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MX+7@TE!#.;-.1A&HR:E4EWEH*3&?R\E,:I&XV!L<-4:'^S!VN,&H<JM,@3+
M+FKF<CJ]PPHW>:LGZT]]+/!/.VX +33L#]OM57<$$CD$6LAOG :<F[2C.7UE
M,CJ B\VP^YK!!1\'L&X, 4434LGOV[?CPV%W? RO3PH[9?:^>PV:92U!PU;)
M>0F:2P+OGG5HLLWS2(5HC%G5DMRK#@U?E?Q^%6-^5X=F_C4]]"HE>DG&:E:Y
M>ISZ/B][7M4J79K]2N@J(;>K0?/T@X5-0&\WL;>LEW.'4A$WO[5V927,JKA5
M78E?%%%8AGI#MWW,/S:RQ!J.LHK>R18*J *C*XT%'[9+[A)G7_=M<5&@Z<VY
M*G>;</?;3,$+F\KM*17WM.-BF<E[S>2[[GYW?)O:6&7RKD[>IS-[:OW4GMHZ
MLZ=VP)XJDWI/Z3DQ/LOTS6=/;MCC4>-C?]SM-:Z=VKG7O/K-I-5/D;F;.+YW
MGNV\YO0A'U &6099!OD4";93KL*9-@!R58E':(9PA?JNC\W=B:-N=HMW;:_1
M&\  +DZ;'J5-@ERMPC]^-[!KPG+RTB*VRNC!U3FVHYCO,-/=X?1XO(1IWWHO
MW!BG?7KR<'RY\HE)BF'.O(F&VZ@<!?'*HI(R"N:<_DW_B*F8[>'1^#Q>^T(8
MUR5*^[[G:*=1VM]%:^,KC.O-]_;;]O?=DYV]]LF6V/VV]SVWM6E]:YUL=_[^
MOMW9/;H<I0WW.MK>V"*M3^_Q+MWYUGZ[R5K?>MWMMSNYK<UQZZ0E6OOPN=]>
MI=;Q>1;QT1=A<@&:8)&C7B$NC$"Y+1B*P@2E0M ) U@>W/J[?ID4#X;E4RJG
M#VW.==TS+BOE7-<*UG&18HPTAX P;ZTTADFK?4CQ+-'R8?VUS@_Q7YW'1-2E
MG=:R<! ^YR#+)?9>2D1-<(CGXFJ&:X.43$Y)QY+,[6LT,TU*>6&BPD3/G(DJ
M=>?65/0.!KB=7@]CZ(Y/-:+CEOW9W3^\(*?7]@!>R6I9X:B[<!0]YRCG)!'<
M!R2\H8A+S9'!.B"L/<NI_#1$G3M32XR;L/^>'TN]6).F7UD;<P$V_V5,\ID[
M]M0;>W9 D,\'SG&+: 'N;8#+SX$KF2&4:(M(H!YQ' DRUE'DDG$<UD\X2U;6
MZ"JIB8WS))O__WO46FH/<Y75<+KTOS.Z$<O?:(VG[FD/G7[)L]?&6=_+332E
M*,&@_)_A<!CL\;2_*)/K5G\T'A[F>/)3>CT[X,KL6SCU-ISZ,Z?W5[RZ_D5@
M)DE0 E&'<PU-&Y$6L"Q<Z(@#4"I6N9V%U#>F?=S"L7X6W0J7QU^#H[SSN;_S
MOD?/S^L,YM7A"'XW&C4.#H<'@U%\%@<Q]"$',7.L7/VLK)8;#F)T<#PXG()V
MBO/ G6.,$F-HQ,E@ZLM!S )E:OO#U$&,)S8DK!.RFEC$K0G()L=0XH2D  +6
MJ3B_RO-+6ES^64'TJKM0IA2X%BIIP3FVR6)+-8^Y/1B6\*<<7-0!LQ<'%\IZ
M'A.VR"4P![EC$9G$7*X9&6$/ Y]:NK)&.&X:,J]R\@6YSP>YQ=%?%TQ?./J-
M,5IZ)1%V3B)N>$ N<H.4(8E2+Z.E@&DQ'S=_P71M,'VMF_]^L"YN_D7!]L+-
MSY,#RP8GI*2U&;8&A'+"R!"6,"9.29DKK*^*!P<0S >S2^3FGV/L[7*Y^47E
MWT?R_F[^Q4S=LKGY[^6$*&[^!7'JM)M?!DU]S(6A0LC*4';S1\]12@)')6@B
MW*^L<28?XN9_,?'SMM>(57GI!FS@O"MS@99A/!@LH]NV40+H%^BWQ2QISP@/
M,7G.(C/<Y9I4+!C.50RQ^&T729+=Z0!ZXB1VS*&HL$$\PA<7@T<$;(?<%1AS
M%DIKG^<$T:O>'R(%)I:$X&CD"@=#030J[!-.";;!#;V[B]]VL9B]\-L")FFB
MG*/<E@MQIQPR)@AD0,WQ&$=IA5I9TZ0I58GD+,#]K=OV) X'P8[VBL=V<6B>
M\M@&JA)S@.%H"$A@@9$1-J#D4I!$,RU<6EFKJO31OPJ<GPV<K_78W@_1Q6.[
M*-A>>&Q3B(:Y()' 3B&N,4,Z2)FQJP3A*KN$5M;(JJI)&Z\E\MB^V,!L/@G,
MKCRVI,93MVP>VWNY'XK'=D&<.NVQQ8$(&;1 +*D<1B8%<EY2I B3D4O';: K
M:TR4N.SRSF6,RWYD:KR^ZE=G,+:]*_6]%U0+[!:!&#>6-'I>"O\-OG&1L&1,
M&9/[23KCK27,"9\85=BPQ(IO?('B:/OUE&^<>**#M1KIW%R&>Q81K)! .G(3
MO'".PU*LD7F%4=T.!DL48/5"<'U-W03.-,'1.ZY!Z4S!":*H@CE1$H?@4W&H
MUP'H%PYU:@C\81Y9R3#BS&!D N>(2V&ILIQ3EP.AFUB2IGZA>"_W>%[W6'14
MRY-P]H<X_-'UN85S^%%UU4K=/GR'\3^J=^6EN;)OT&RI#DYQEC"3C$NO'8M4
M$JUXM()[:8IFNTB!-YVM%Q4+1(%F:TFBB%N;HSZ80HP)*F00E%5M[>OAN2X0
M?10EU6L;(W786\EY\LIBKIU-F =,E*1%2:T%9B^45.846!5@@T;A UBCT2%#
M<42,)HNE-UX*#)@UM(GK<N94D%LCY)9LO;I@^B+V0PA'L;($::XD8)IR9*0.
M2&BGB".Y,2A?60.I7(KR/2M,7QO[<3]8E]B/1<'V(O9#8Z,8:,U(B9QDBQ5&
M-H .;0#.5@0N3.487C4UT:!+[$?]N8*0149]/*/@CGMY&4IPQX)(<SJX@^,4
M@L4:8>9,KK5'D:.:(Y&X,IBZP*E96:.<E^B.\LX2W?&0Z(ZZI'L_QCUN>:YV
MVI^>@;H4!H>Y'?W98CS@7+I^1QRW[U4PY^FIN3YU!W\*4T$+GA3\KSA1S#*A
MO!5&P\\*<U(\H4^N2;1 @VB_/M<DG//<"A^1%_G 7@J*+*,4)<ZMU)A$C7D^
ML*>"-;6>5]7!.2&GG.B7>SS:B?Z_QQ9VY%E-@ZE2$OMV^+7;/]N\F4-/?U/M
MULEMJFO//WRRF>&#>_9@%/\\^^&O,TVKVZ]8M[KH\LZ%F_YUU WCO3^-6=62
M9$(^5<1.;S]YE:Q67'T)@9/7&%^5G-_X,EXE]WR-&W&O*W\U6+U*B5Z2L9I5
MKFY^M5YC7:9Y5:MT:?8KH:N$T"49+&P">KN)_8W%=P\/V<UO70)OVO46XT;T
M,9\_-!AI-D"UQ7?QKRR5;?S'1A9:PU&CVV]T<HUYVP^C?]W".+Z+D+YG=_@Z
M[HQ)C%5CD.Z8'3*OQMG/:"JW#\>C,6PW&'+CE>WEZ,,RD_>:R7?=_>ZM'%IE
M[J[,W=GY;^/T *-Q=@+<R$? 95+O-:EGIT!E^N:S)S?L\:CQL3_N]AK73NU]
MW?CWG;3ZZ3$+RM6<UYP^M7ND#+(,<OD'6>K.3NK.CKH!I%C7]IY%N[!2=G9Q
M"4@R1*^=(809R>&+#D)[^"EB++SAO H-PF>A09C0%YF M)_?_V:OU?G^<WMC
M%\;U_@@^CV]OO&?M3[N\M=';:W_Z[[?/G]I[EX_P=D]VCW<_;?[<[FSR]K?W
MQ^V-5S#VK[R]X<GG;U^/MC]M$KBNMTO?Y!:<%PE(6!.BF&0(>ZP1-Y0B$W(<
M=%($6Q,"CF%E[<'-#NH7\OQ@6"YS!,)US[BLE',UC, E96FBQ$N=N/+4F< %
M8YCJZ+TEJ@HCN$(R)8Q@L1QTD5 5)''4$X)83KG@2E+D A6(>*UPKOO!A%M9
M(TPUJ32%B0H3/7,F*@EB=>&HBP2Q&(!EG(K(J=S!!'199+BV*&$C! 73DA&;
M YW8?!JZU8^E7JQ)<VV*V/V _=)3Q!8'7#[5#SF2D&1"T6@ ;G  X10HH@$+
M&JTF2>N5-;K*13TP6U+$ZL\5DPPQM-A,L9=0'_A>?J(7GD*V.%*=3B%S44AB
M0 $R40J@52!8ASU#TLF$<8H.$PZT*G5)(2OOG,<[%YU"5L]#F%>'(_C=:-0X
M.!P>#$;Q69S$T(><Q)0^U'<ZB2%2,*$LLXDX'K4V*3COM2+412HL*2<Q"Y2I
M[>E2<$91S8.72$K/$5B3#CG'LZ$2=<1:))X[3\\KA:J.>5 O#:)7_84A@?ZK
MO1=&,RZ#<EHFE:B7.+!H(B\G%W7 [,7)A956&))UWT1!"Q8J(!>X0)9B091V
M*EFQLF9,DYAY%2LNP'T^P"V._KI ^L+13ZR)*OB$L'(1\:05,C@E% ,H16#6
M>IG L!7S<?,73-<&T]>Z^>\'Z^+F7Q1L+]S\V%*J=1)(<YI;\6*.-/,$$><(
M#80JS'._JE6FZH'9)7+S/T*Z_')PA<CN?3KI DAK/'7+YN6_EP^B>/D7Q*G3
M7OZ@HA$R.21\((A[$I U+B$>3, NX@1*$>"$DH=X^5],_+SM-4#0@YQOP ;.
MN[(+MQ_&@\$R>FT;)8!^D6Y;*K'$GDN>.-@DS%I,G'+2_?_L?6M3&\FR[5_I
MX-YS8W:$BEV/K)?G!!&,L7W89R3V&#P^YHNCGD98((XDQ@.__F:U)"1>-@]A
M!/2>/1Z,U-W55;56KJS*RE1@4=TT ?0_E22[YY9M4U(Q!.(H4 (R&F("=<2)
M)$5V1GI=,H<O1W!) ]&'*3,7O*# G 85("COLA,\!IDDWLI,RLPUR[:/C-FY
M,G-4*"-C(E3DVEETQ*1L"&>6(I@IU<*MK&G=TGI)HL(:X"X1<"\MVYZF03^Z
MX5ZS8OOST#Q;L34L&97 $9I-*M5A _&9:<*8A:Q]2EK3%82MX8S_VL#YV<#Y
MRA7;NR&Z6;']6;"=J]T19+8U8I.0!)CVQ%.N"8#%@0.AO94E,)LOR>'3)[1B
M^](#LT43E[W@%=N[+#\T*[8_B5/G5VQI<NBT2$HH!4O <$<<:$,H_A(B1)U"
M6ED3:K$+ML^F7,,MTRT^Y.[ZC9-F/7DA=\V:I[8N60?&%=916GDPQK-$G<]:
M)I6:-<^?23/S24,\I=$9R8E,-!!0I5JBD9)H\)$;EL$(]+CN?53_#MGCGDKH
MS,L!]^5%%^!2:LM\]#:#B,K+E%Q$U9^R1S\^-*NERX#VV6HI\K!V)ADB=:F-
MRE0@/F1+ G@JN'5>N1):PZ#%Q;U]M:>*^>8>S^L>/SMFX5%(>SL-_NJ&-*A<
M_*ODQ:YR]Q#_B^U_4-_YI2U47J-O*7"E2A*"(!-PYZSCV7B7@D9II:QM].U/
MM'A;K^?T+3,J)4H=^L^Q.-&6$JMS)-Y9FI6RF?NXLK8D-84;B#Z(2N6H>$"*
M( /W@/_Q(EI4.O@_%*X^-$GDE@*S,Y4J GJE"CRQ7B)P:9#$:"\(]PEEJXR!
M%LQR:EJBV=1OD-N<Q5I:3,]V]@%\$%X+(H5 .^P\$!N9)VB+K:51)ED?ZA"R
M2;GVK#!]Y<[^W6#=[.S_+-C"W(*1EEY13Q"9F8"7 8UR] 1$EC(;"%#"Z]BJ
M71([W.SL+S]7-+G6%KVG?Z?EAV9/_R>QZ;E<:^""=-82)V1$&40%,59K$G'0
MHO3!1"^*#((FUUKSS:>8:VUYXC^6Y93O0]SCAGMND\+D G54[!^7.N33P;AV
M4^YYIZA?</<LN="Z379[:Z/PTM%@,X!%[> ]IY&;K%#H*]LLD3ZZDFCOK(\Z
MK\^4!%"!0U*B ZT6!*)$)<$B$ !#E0_"26?*>6[>4G3!X3OWQ4VST=_<X\$V
M^O\Y<C@CIP?9Y_(''+C!E^YA/3=QYD[O,$XGP,QY&[=_/!QU\\GX5]W#4BOO
M%2E?6CB5_XC(>5UR?78^_Z<__7Q'Z57)2R_,.!RM2BSES8\'53[;KZ[<(%5?
MTB%ZC+W>217VL.]3K+K30LDE]T"LT"2Y:GB$YB)W\:_C :KZR '5:"_AQXD<
M8.OVJM\W?]MZ/[MZX$9IM5H?56TW"'MC*A.L5955A<H=1I1_(95EQW,?T5:%
MC2EUV/'FPU3YV2M\P_M.WN/X,/0/#KJC4DMW_GWPKO6WXG&JOG5'>]A0H:"*
MI<SN+_U!U4O#X3\F-Y_=&C_'IE[(K7#!L7L>4[1HC:(HNH?'KA8;M3VW(65!
M!<1@)"C++0?AO$HR<NM17HQ5"%Z3XGK1$#SF3#7PC#XR9"D,%SED9SR5(0#D
M28;A"\]:6S)P7-T7/WZW#9Q;HWX]@P;IKW[OKS*##LMZ2[HTLZ:X&\_EV4QM
MX32M]MQ?J0H]-QR.D77Q2Y4;5L/:6QH5;RF6:'EW)9Q6JTM(OW2S;UV$E2]M
M/G)H[O'>I:7UEWLGY15*8NLAPGO\(H.:'% :Q/'+=@>Q.G*#^E;XX6B 7\YI
M,$CUY]/T*J=U3PY7+P]^=1E>YR?'U0"[ 9SFT+3VGW[PS[7S3YJ[[V1*"%50
M>RD)R[=N'.U--?G<51,=16>7.(_]<CRZ_I)+BY2+1CNC-X)[*;%RKM?G_MP;
MS%+V?$G$#Y+[2ES&QKYRO6](F"O_/#\H."+3F]=Y;BZ^_(V&X.?WS*6UB+IG
MWK_9^+BUM5'MO/^PO=.J-CNOT51U-JKM#[]M;VYLKK_??+-=7?L6UT_01WVI
M#CHHV]7.5O5ZJ[.]]?OFQOK.FXWJ[69GO?-Z<_WW:GL'?]%^T]GYSJLMR[M<
MP7)+W^9?/ARZX]A%4?*/&\T=QJ>3YTP9B-4'2)AUT^G3'Z4*6W#IB!:I?CD3
M !=34-5_7FE)(Z#53,JI$",DRQQH';,Q@0FF?/(75850,;@,B5MG( KF?%0E
MY1EU*C(9T_<W5ZP"'B'C'X%!4LK+#)(F0%-N&+>JWEQAT\T51D59(YEMHFR'
MO12/>^EUOX?FH CBW!^<V[G>*0[+#C[OMUX_?'V:*R&]]%_O3W8_QB//0;4W
M BTK&[O[;TZW\/N==YNGGP[>[G7VVW)WXRMMGWZ26SM!;.W$W-[_PMO?/@>:
ME<PNDV"<)BB/&'$F22+1W>-219-8N#BLD?*H8RI[73@C9'")Q@ ^YZ"!.8>C
MD(;!'148#X[3RF*$P,\VM#LHI3).G;$[4?NVJ+7PK]41^D+8N+':^LOUCFN1
M6&NMUEQ6NE;MN_3Q2RB\AL.$%QSU4BSN&"JU<#8KY_RXFTG#[WA:JW>P;Y-^
M?[ANKN_XJCO"QX4;<%:-RD):O*KSC;!?JQF$RZKGM?L-U[SS1.V5I=MYIA;7
MF/GQ4)\IQ7I=K1ZMHV%Z-?WAU^F63_>P?H/ZHHN+:/B8F:1:I6-9-=D2FMQ_
M\O%J_=&%U<#Q9XJM,LZO_9BNLCM^!A;N=.7W&LOT*KWC;1^IL>I&M_W!9MY2
M[-G]6!+4$_"7S<-JIQ0Z0A89_N,&>W6W6#5<DLB.&_9$3:W5)2GZ GMB:DRF
MG4$7DLG@-N</EQHR<^9GY^0H/?;^]HWZ];'W"6[?R"=]6O#'HK*>2?^5>I&@
MA"%#UROK=L-ND;E=G%BU?'R(R+Q[!STO72?>/.K@JE=\I-"!&[[;+2('F 4M
M8C(4G6&(C!HKBEJV5(O >*)UY,#$*[YCY,#O95+^>^RTK ]G-/A,P@?>T#:V
M;VOCSU[[W8?3]L8?;'?GS[VMG4VV]>[MP>[&)FMO_-;;???'MTOA SM_G& [
MH?/QP[?=G?:W#MZC\_&-Q#9C6W>_XG^_M=_]^75WX[?<GL]T+,&#MYH2IA(E
M(+PDQG)#)/4T&"FULF)ES7+5HEHM1V1W0T8-&?V0C*00S@BE+?<"9[4Q/B=N
M\3<XC5TRB\C>W)#18LAH=MQ3.LFU=8PH;B2!%!GQPC/B6 [9:U".AI4U)E5+
MR"4Y9O+T0VMOB+TKBQ0/JP?U/9Y8N;+%LQB HBS2 #QP$!$9#5BTS.L(-# O
M&TFU)"PVGTB-<F.=#@DUE%0$:.3$AA2)+AFMA:!.B80LIJ!E^*+B,9<QJ/+%
MHS=&QQQ#1ZA.?:P$>D;@)$(Z*]3<@C<:9&G0.],@QN3D$PM$*Z\)*,V)XPG!
M;"+S"O]T'!TBQG6++A5Z7\)JU=75MI;E^.A2WF-!TK2>DKHNM;;4,V3KL/*N
M5Z<]&^ZE]+!'OUZ\@5,J)(#,.9@(+&B/#K:U1M&H(P6E%B!/RW[Z]AG4U_]R
MW5[9V7[;'VRC?7N/9##HAE&*C<&[A<'K;,_7.N-,)N=1I%K@!+V,DO=7,<*R
MD9*C@#%"%KG:4NS>R=$:M;J\8(Y2&XTN"P(6W4ZIG 60*0O%33#4T06HU0;,
M#P/F.?7*).-2><*E]02T4<3Z'$ABR@KEM$Q!K:QQT6+VWM4+G[!X_;G%9&^(
MU>WTO\?]KJM>[_6[(5T\[U ]R-$6=:,#Q->7DY7?JR;;%)/]*<1-T4!G[I.B
M-D*(WB:PEG(A4PPQ.KMP%;8S<*4[&[Z^&U_/;[_Z$(2Q($G29;7!A$1<8I%P
M9:2!J+0H.QZJ\/625,QJ,/P0&/;2!33/+B4<=N&C=<"5351)&8/*;N'BJ\'P
M/3$\TUQ@7-(,+(DB"0*>,6)YY"0XC=XPLUFS.,8P?4*;ELN7P&AY4QTMI9Q\
M.TC8E%2U7:C^FVSC3?#>YT7EB].4S6+ #>T1:D@:65241M24E)N8.!.9&18X
M<+_XE;W&'MW''ITK=%"2_N"  4E)2X*CY8E#*4F\YL%$%YSC9F6-FY;5R[2!
MU6!XP1C6VD=M@:=@.$23#5BG(=$ 25JEH-&4RX;AF:9D.4?)<B#@(B4 .A//
M8R)U,) (23 88YC?/Q#NYZWC+9]2?$!->?\ERL=AF'$*S<&56^U5_]MABD]/
M-5[,#-.L83R O7$@#*,I># ,8HY>,LTU<HM6J")#7H!F/(MT*J?7M].1*PG
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M"V[[O7_XI62I+!S7<-DMN*PS7_V42C0UR2J23(*2HA+5B/:LJ!&NN:0IE*,
MPK3,%6+DTAG<6_+(4ZG2_@11>YO5O*REX=;PZ 5ZE,G2@&Z%<E$'QU->Q&)
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MP>5%1$DUFO"NFG#^5!!#MQIB="2;<JZ 24HLMY$H:E3,0;"48MG90"^.W?M
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M57%NF*YANF5Z\5O5-71>>QZT$!EDV897-I0\>E)+(YQKF&ZIF&Y6-:?.99+
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MP22I:X/?9<'O;*\LH5.A.0AB50X$9.3$4*:)8H%E_-!:'U?6N&@)L:@R[ V
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M1KU[IP)]W.J #:,UC'8[1LM*4!:4I0(2T.!,AI!"SD:4=/=13L)Z)HQV99G
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MS__>@_'\:JZNG#4^;^QM'ZR+QO?MSA;]1K9;];/Z]XV#^GX8I04\K[>^LIU
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M::PV]AO?UTZW6VNBOM\Y:)Q_@#%\XS!_HTT/2:/UC=57=K2RPF7?6VB/$2<
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MWQ:^@%X]K!WOQ5JQ+C7KNC_C[[6CSDE.[*K9HZ,.R%E1#EF$W)>N1&9+?=$
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MW1J)J*':;Q>!@]^OTR_71B/NC"Y<B48HD7RPT2MO+*?*&1FTI8PJ&HFTQE\
MF*>*B]WJD]3M<<Z@/"M(X=]U<*SU;8=K9O/Y#M+@PB*.N<OI.1))+8P/TG%L
MV=5@USV,^7,;R^N:)%QTO\AAZ'0"BSYTF_RHC%P;H+E?UX.Y"IX->AS()7+1
MX^!3^= 38;6:.ZMM1=N[9V<#>:6S@;K!;,Y78P-EEA2^'_W^7/0*8,94O0+>
M*T/^+;T"WCT]?N'!_F9JA;-[KVU2,497C-%SG#PX5>1\(Q[8C*]ZS?2IG8-I
MV7#/2VK,0V'K(#5F#_Y>8_56XZ#Q&3Z[OW'0R..A6V=-@*Y;^W76:'7V&^=A
M[VIJ3//SI\R7] NNQ0!Y:>/S%JD?K)UO[Z_S;7B6^KDGS>_P>?IIE#G_=$=J
MQ[E+'@41#>+*.62LI+E%-Y5&>&N5+@K=S*RJ5"M*Z=G8 %H5MKT'?;=Z$ALP
MJ-9I[/R,]<+D5]IN&FW7'M5V 4</B!/E[I"(2\F1C3JAJ+2CEN%D%,U4-PQ/
M'D)413=/K-#84R#9BHA@#A5:AFRMTVZEQZ;18V<C>@S6D2BE!.)"8\29X\@1
M&9'GA+-$0^2:9M2F":OH"9Y;C_$*F+TG/983#RI--H4F&R$J.-UQC <%:@MA
MP3W*IUS(4<&0TT&ZY(@0"6=-1EF%R)Y=DXD*D;TC3?:I>U(%TJ929*.!M* "
M45'93+2B0)$9AK11"<E$G*+),6]4ID VNH)DSZ[(9)'Z<;P7>['("JL0VGO2
M:^V?%4";2J^-A<Q$A-53!#GK'.(<<V2DU8AG3J&D*+B89F%9+A+ZZ .""J ]
M@*?FYAJQ%\)LCSL;KA3?C*N+*H5W#X4W&ELC5!@JK4)*YPQ SPVH/IF04$H$
MZU/25@"0TXM&S(K[LSH2G8&<9LGXL[9^<'22JT?; Q:-"NE-/9&_O2*-]^TP
MM/L>YAW6?.V7ATM7#O)?E?J;0OTU1P-RVIED<-*(<BIR-UF+G!$4I<A<P,R3
M1&T^(L77\!).Y*)54&\V4.]B]P_@WG#_MQ](;US19E6T66\0'-]@)"IC,(TQ
M& UJYKIWFL#OUT;G/HK<(\NU1HI&Z[!TGL7,/2@6M9[L&O/&2+-&"6ON*H&;
M2^J5U9->40RT%\MJZ4$"^<UET@4K2V@7//JUHD8@P^INS1Z>U;HIM?V@?JB_
M5+N)UJ5[#0U#Y])XE9PO<T;@<9<6>6^E^W _OL,]L<Z )DB&1<2-ELAJ[U#@
MA/)(/ 5@")I@LD/<L%0?-M->V^^5*VYSR=E1]Q V5>;Q&!.'3+^#VK_07CN
MQ/SY;J9YI&67J)]O\<;ICO,85*R*R'D Y-QKBBQU%@F',=/<)\_CPO*0J7I
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M=/QUU(7G.NF7H^F7X@[0_1@\DL-"S$:?>6)"R@<HAG5:/O!Q/#CJ]FP/K-I
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M8?O,.[-]C=4Z:Z[L".VU,28@)9A$G#.%X"^%",$J)"\9N!93Y;[QY,!@RJ3
M'RF:MPFEI4B8.Z^#$:+8%++:%/.\*3R5)@4>D2_*WYAAR%FCD&/4T<RYXAQ;
M6&9+U_2LF81(;GC>/F+<BI.]K*3[I9(>/P(<F/!+%7;[J=R!!;?YY*!V!!@%
M3,*8#1Z8UN&!9U::OGL"6M.-@X$#^V-@& >>^_B INRB$X,'-YQQDJCD3AN-
M.5;>".=4D$RZ1WCDA0P,'[0D>1Z60KU;K[RQ"N]]W=&:PIPGC@S/_!HF1:0#
MC2@(<,Z)XR(XOK#,;TX)&51. PX;;*"\[KFYY=G$P?O99=I0[1AV2C_%WF K
M'75BV,U@WA?';.4Q(-QS<"I?P/R+BR[OF\'@:!)%AG593'+\+.=]%DAT:*C[
M>S$>EU&T/?L3\&NW",V>]/(9=)FU",_1"X5_TA[&@$^+G6\S5?H@I)4_]+,(
M?IT-GGD,]1:Y4V67.IB>_J6 C(G'K1'C?)J28VKMLK5O*+XJ1])B_T9Y6\J]
M2*=(WKSH<;,X"(7#EW4/XF0X[E%"C6D,$HREDLSSG/B2A!61^,2$)(KQ6;3&
MRM+]*<;U8OP9Q0Y [,HPQ/E^9;RU<MK\ND-<2E9CBFC,@6P7&#(R):224#A&
MJFFFGIAB546PF">ME3:,2Q4LD1XGCKW01(G$9M$CJUK5.U:5&4,]TQ1Q*AWB
M*3&DN20H$9AN'+'2N1#K0<VR!@VRRES0[)&#V_<CEKE199N3@3*:4!:7X8-!
M<F@G]@M%>CB5VM">!D$\UBQ)+IBS +@M/*8D1@:;\%T;3$QS")9W6KUXP'^'
MS_=Q+ZN\_OKA)]ONY5=C,WT^L: (C^-[3R1MK9W6P06B2FKC #)8&W.2#^ &
M<'N0\J#EG91>4+VPC)<F]]\8<)AF4QA'HE>:,ZS B<;$1@Y.F&4J*HREO;/-
M8K4IGO#$=$4T6]]^P?UP(^>I?]WABF+PCA724@M03\$AK0Q!4FM& O=2YUQC
MO#19%W29;'Q+DM"MG?C>7^^[*_W"JMYW5>^[JO?=DXVYZGUW<^^[>_2R>Y7G
M"2N=SO LJ#PQ&)Q#]6("G)OC"T?=;F?L-*J$Q+>$[(J&]F4X=7!"3C'AP^,*
M4>+OZ],>%D=&DL,%]G!F)Q1/&(@;IL;<')!NE@'I>G'\&U8.PTAH^MW"JT;K
MVVEC=P=;X03XZTB*W!.="HJTCA$1[J@43*5H 5)I?'.19;FA+@HM:L-"BT_K
M'YLPN3G!,5=R395^_[#M@L?\_.$QPT;TL?TS%[U\+ YF-_.0\N"NI.._V^0+
MV D8=D((4E&=-"*2$@3.$$?:AHB\T8X(3[EWX/LKH29WPF^@3X8Z!U[XO=@2
M7UK_YAJ;=O>YEI_>L?Q9";2ZA9.UD<?U?HLM8,5Y_72'24*CH!AY3666?8VL
MX.#I2BN4L]GXJ;SBD[46$RM^<^AYJDI>1AVCFB9,) _$6.(PAE^<8<$Z%V=@
M):[9%QN#7.KUBSC3/[9_/,IG]_YLP]:O.KC;4A F7,K'C2+O#X*,EQ$%13B1
M+F()"[',;L_AOX04!30QN!; /X3-DW-W<JTCP*+_.2ER@^#JLA1X4-DYFKH[
MS)V8%2#!/$H;G=36V1S]T3PFJZVGA'LIA+YAJXG[1IDOPCE%-6.!/_X3.V&E
M7P1U^BN[N[E X#B68&7]\!-,AN]T^R>]][OMQB,^WVA]=R=WG28^P!9T,N16
M<0SIF!Q8)BDEHXD$GG+$YY84WWR\U"X"T<,)OOT4VP.>+G*RQJIV=X=!N9%S
MN*E/KIZ!J6 0/#RK:BX*$A$*9BX7QE,"&BQ&DY,H4LXJ)0)9@#2@SY3T.8EB
M,H-B#.""NNF<Y&//.5GOK&0N L7-BRU90MR-F-,=WZ\BR?=K?MUQFCM#8;F9
MRX<*W'NDC?#(J\2#]M1'8Q:6;PX6PYKDX/X@(QA\'+@(V9QRVCXO*D[*1,]>
M.=N7/!8U!T8M_APDDF;2HO8@,;\\Y"\.X.&%3)[B\\VO.88?.>V_?Q_T.0YU
M-&_/H!C*UT7.1:KE,'U1='?2*VI_<J9-D4+QV\+F/VO]A=_SM5W?+NXVS%2Z
M-3;R6WLI+I5*?F$R[V.A#+L,DD>L@Z7ZO4S7\#EG\S 7+,62.B)G!<?CX\[8
M,ETBECR\XN"SW!"7.<'=WM6K?AO-KOI]6/=4I)*,YI%LQ'#:[89:JP>KNEA;
M/_1+&4&U<XP-]E<G3\*-Z1^%_EH%N)L]K;&W\.+H?)_ 6(M!#2NAIE%USIC
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M"WZ@#;EID$(NPJ]8>:PH7E@>\ Y40O[*A'P:%T? LH>4-,5.<L&I,]@S;TP
M@RZ"Q7=1N#S(UZED_MED_C+V(R11/JJ('&6YXYS62#O"D0LR,:XY)8Z6,6WR
M&*>HDO8YEG:29/(D& /FG!L2G [):T(3J'QFJ*RD_75+^V4()$6L B,I4Q<(
MQ*.U2(N84&!*$R6,45@L+#.Z>%T'[!>1]H<F9+W6*$?9(+4_$L 8=BDHJXJ*
M(,=HL=%M 9$G2-:ZE]J\9@W>H-I\SIC'55WX"7;$/6H7/Y:M%_\I<O<J]?D
M]=GX.!($(4Q9E9)#W&N.>%():0#%2#/E%3&&DA 7ENFB,I-=-J<.(,_1*=@;
M%_KG#7],#Y4JX7\YX;^,CDBNO4LZ(JR4!^P$*,J JD=.6^R\5EQ3O[!,%C'1
M,SHDKS3 /)K]&<1&*LE_!9)_&2.)B3-8;(5B*,X^&$:.&(J44<8;:C*Y)$@^
M [L_*?J5W9];J7^A$$DEXO,BXI>!$4!P1E"*<T,0EW-#*(BX<"@8ZT2(3&(%
MR%Y-AD!?SK+/*/]COL,AL+-KOMSJJ*Q NXU=Y1%ACQE&BQ^7$_BJU>2\I(%4
M"O$A"G%S)-3!N(1UC [%Q"CB AND3=((C%N(F":.<ZA#+Q(SV3GB82?!<Y,2
M7*F".8F45*K@!57!9> C,2XD$P*YJ A@(QV0R3TJE:;)Q<BM3F1&@8]*%;P:
M5?"JTTDJI? PI7 9$]'&,N:*0*A3B'M,$2RO130'0P1XRMCYA67#%QEY3"UD
MI1#>I$*8NXR32B$\3"%<1E"HCUQGT@>L%4><QH <DPXQ01UCN?-.,D5JB:*O
M02',*.]D7J(KUY,FC7#]K.4^X*GVSTNS_ P86QDL6^B>9(+6X3Q4I98SFZ#Y
M-B13V!')C*>!1$:8Y,%2[9/&05%I#?%<LQO:(U6%YL]G(T9Y@K0+W!+/$!&9
M0(,[!C:">X3S 9N,R4N/%Y8U7Q37V(A'%9K/0&I>1R5ZI3_?O?Z<!HA+K620
MEEO+/><Z:<>9L-)H27QN''RS JUJV9]?DX[$Y*((PD2,? (ERL$$(H<%05H&
MQK"*"5!X/J]<%#.L9:^4:*5$*R4ZJ42YB22G ,JH08=:@* V1:Z\M8!(5:0E
MGUNE1.=#B5[&,+F02L&_B 2-$8_4(,.X0MRF0)FFL(XA'VQH.8-T[DJ'5CJT
MTJ$WZM" ,=&*$*Z=X8)28\&?]XE)$:.75E0Z=)YTZ$C8EQBF-!-(.&80=THB
M[71 TG#. TV))@\N/5N4\C$5A7.C1(NX\!]%%ZCED1["HPWSGK9WW=5\T>;)
M\;W:V+WW%G:_FBL[SBJ)%84MJDU X/%ZI'U4R%AX(1'BX>5[MK";LEGQ,ZK>
M*7O833)E=4^.\QOW[&CWT"9VK[>'';WH83=1H5YKEG,W54>[!S:Q4T_6Q ZL
M]Q(N0_'3=K%C>HEQ_B3MRQYVUUM;[M$E_,#;/O]@B5P2[&GZ S[-8#F=IC'<
M\()AV_9R<S]YK[@W=.DS=MA[ZKY]XS!O;GL3W=U#>X328<18@%'(53XEE\/]
M3,5#>ML]S?*]DCE/*?H\I5_@K=KZ<3S(C69A>F?;0O$U=-"ZYXS=UE[QU756
MO.<S/V5CQ=>U^@- NGD,>NA@M+'RNVG>=\^)NF<;UO?4HN_^,S=5B]97W&OO
MGC.2BQLW(@SD')3M;Y]M^_#W6O8(:]W#VLJGS2F;0CZXN'M64_Z8+Z@&>>,@
M7W6=[SU/"C[V8F@?UW+Y;BW^.@+H&X="T'^<$-PW8?^-3>CZX<_8/\Z6O)9L
MNU?[:3LGL>;W[.%N["_6#N-]+/S4LSG-#+ZUP[WK'O'M',\Y'3VF+B7!(\><
M.IP"LV#2*?Q78S(-[]7X><:WP][ !&8#F,U?\_!R]_;?QLG<P3IKKJZ3^NHN
M7)^O_7K:.-_>:[:V>./[1KO^?8TW6M\XC+%]]61N:]]S&-]I<_4'+8XW5E<8
M?#_<9Y=L?X;QMW9)H[7[JW[P]WC99F3.6ZDT8C@PQ%ET2#MN472<Z1@<5\$N
M+#/%YX/HLU)![U %3:&!&/%164L5]XH[; PQED7XOV)>$V5F2;M5Z:29ZJ3+
MC*ND<"3"8$0#)8@GIY%3TB-MA9&PB";I@D-/T,F,JY?K+_"J:\'N*8EYHV?(
MW8>-79Q@/AYZS]!K>DTS>>'1[\*4/@)KOV]NMF<&IU,P,I:K>VD.LN3TLXV(
ME6&8RC",UC-@;[(Q-XA)ZA!7N90A %@UT7.B8[*1D\RLS.DDW5#%L/@FI/@Y
M 5XEQ3.4XDMXQPB.2@:.L.0^-Y#RR'(1D,06*Q&L$I@#O!.+C++Y$.,[H-TP
M;PK&&6^7_/=QY6-CT;,(O\[K/>[ZW+LM>YCZ^=^.39MEV/3>QNV2U29G&7V$
M\;0/3V!RFT>Q5Z:IEOV5AGGAOV*_WC[L@J=WMIY/C<$BKAR&\;N491+U>+S7
M#54DY&&FLCG:38 K'[5('$E!,ET.!JQKL$/,4">2%BH1\_A6(J^,/JM2H94*
M?0*WH%*A;TB%CG@;ZO]G[^V?TDJV-M!_99?WK5LS5;33WQ^94U:1:/)Z[HB3
M2"9C?K'Z4TD4? %C]*^_JS>@H"2*H@+9<TZ, ?:F=_=:3S]K]?I07D024#*Y
M=:5W!!FO#3)$8,:)LA[K.;1EJ"J./5'$TRC4::0QQ0?;CX.@Z(&O?_"S?MB-
M94QBK]B,697+4&G;*][8WE'Q]KAS7OQO#(>+XZ1^Z7N,2>J4#,DE'N6O$ E5
M/^G 8"[+32:?PX288K<+ I]CHZH(J%DBH(:H,HPGJ^*=JF"#^Q>L%DHQQ:VV
M4O#$%;#.((/!"5.?(H_S/%$:">K60$XK/C@#']QIUON--_A[R0GK!T;:F*S#
M2#"PK#DW'AD1-0H\!,&<$M[S^5:J7R+CN0*C17JV69R(DA-N.376,ZX%=R$2
M(1)/VE&L*;^'!5PASEP1IW6%.-)Z6)!D$%4^M\F)"5F2/(K!1(QI2D*[>?0-
M6Z!HII<V')[R'O<T6JK:5K]\;:N%)9.5XW(QMXVM<:(*+)5C[RC"(AK$I90H
M-\)!CC)&'96*QGFU5%J8RED51%<0O:@0_004N\+AA<7A:_JNH@K4R82<2S;7
M?25(NQB0,;#TC#(NO9QCV]^7!^%[E"_\80$R,[4 V1-I=GG'^Q=GV^[USLI6
M-IV4Z^><@+J753[O4V5.+W0EOT^Q.++?8@'?#!H/"]?J'<60B_D==NU)T>\4
MO7A\7)R=YE_A0_;PL!L/\TD:3,7_S("!!@>G6+#>B<"5HX[PZ)RCUA)A&=/3
M*[!N-][>@YYVS_N#JJNC=?I[,/SZ&8!9-Y\&#HHD76&97$XL>W"!RIUF7>PV
M/W[?:>Y?YF*5C?<'GB=#C#%(#:I3<XTLY13![F28@I^P-0%'5+?C@PH0P^/A
M^9$?*$,O3WZ1<M6I/DAGEI7R[Q8(3!_UCR("A?@:^\5O:_7FSMKO<&D">6T?
M]FK%>:M_-),D62NXY!('AA6/QCM)$TO"\JBD)#I.;RKQ.$GZ$$]LJPT#OA:I
MT2<JT1H3K6VQ6S](,3$%% >E)#68'_";LR0@3*(6)(*Z4P:B1?!/1:L[FO+"
MVU/K@9L4]IMM'9<5*6U_6OG/]6+SK%M6)+UWQ5"0OU@$V 9_*("](]O-4?LW
M*NV"I<V,=%A;[JTV40EGG(C.6&=$NL/HOBF,@-X^"^0Y;-"]V)Y:43K+6PR#
M!QST4=LK1P8;0?G6-5/#OYH( J/;;=8O=BZW@:'5>>/P(#G)DLI1CRQG@@8O
MD$[:(*:L$)0%ZBDPKW;GE@3VBU:>3-CJ+HK!RH,D &D"<6KU1MOB>C&Y\>>;
M^ $)+]GW#"SGN@3M1AF:\D-&,:I<*>$&IYU>*W_/JVX\AB_\%J\KJV;#9.RJ
MX;?BZTNL ]IWUO_Q);?*/+T0,Q'LQB2/_3RZ*NAY:@\C<MUHOR*;8+"O[/&Y
MO>BM_3&Y!C#=HYMG8GGKX>^U!,\_,]/9Z(>MS4^[NYM%\\/'O6:MV&Z\62_J
MC<UB[^/KO>W-[?J'[:V]X@'4]$4?JK';A%$W=XLWNXV]W;^V-^O-K<WB[7:C
MWGBS7?^KV&O""SM;C>9/'FU1GF7*/K/P8_[M8]N>A58_AM_O)3O7%<J'1@PB
M+/<%?2GQZ?3+ZMG%P(U1H.*W(2+# TT#DAN0/=@Q'3/"1\]QX, Q#;5*.ZP"
MYY98)C0>L(#RIO6\<W-*F092(QB6G/N@O>=>&J6CB]I0L_:@G>#E[=W-5C?Z
M_L#&+?X^ VFVO5@65]]LY2+O\,N'V+HN O7WL6TOORT\)(^P/D</J3G_0"HI
M7&)6VR"5-MQ(JK5C423K"!'$Q+O.;^Y))2<,FVDT<K2PX^M:;X?RFI$$Y&7^
M=5EF<SLW>0#BKST)!&DO&.+"&^0XT$MG9% B>>*P_XES>+HU8;4RR?$@&%BQ
M06FNE,$@9,')W/_D#O]P)0+/*P*.,,-9Y$AIS<&XD &YE)M]8*65M89*CJ<:
M%_>Q-FXZ50"$.F>'1T7GK%L\!);O[(2Q!-O1ENUF1T!OV-&B.!V4,2_=L'G6
M)A_Q:1OD[/FC&,Z.XVX:C0I4J!S%:]MK>="7S5:VK\*OWA'GHE$_L,YPZEE
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M%:/,Z?F25WIS#YJ:J%WM-;/L->.1J0(3+D30""<:$5?!(QT815X:GQ35R5!
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M+O^9V>Y(1=Q01>R8BK1C/V]//M?#O#*S0:#+BIBYLRX\'/QU,KI9JY3/XC<
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M)P-0'F+N:54&VM _%UZS5X ?KJ GN-7[6L!=[" C$."@V_I6,K.E)(KL"9W
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M4A&3KS)-ET2UWU^IMA0X@')CQ#R/*/?:0HYE_S'QTOBHE2H;JI.:QHNOVBM
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M5MW'D\-*=9]%=:])G\;68\DE4MXG4%VBD<$L /,SRJ<D8J Z%Q76?/&3KE>
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M9$PR?):T[O/;I:4<"'ECML9^YN&6)I]SCOCDJ5#1@T&C;8@Z@$%*+97<"'=
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M(*L4^!D4^)HV$4<%XV 1D6 EXC$:9(4,B.6V$PQKDY1?VQ!L\:/)EXXT+=Z
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M)G)U8/#LWSXY46I=T#P+;SO= NP8^-.-L3B!>QSUB@@3%8H=V_5'!2.U(O/
M6G'<@8O[L7M2M-H>)C);2O;<=L,HFRB_?GP68+S_,P.(4LX98)Y1F@NN@S8,
M.P^&FTZ,$T[OY*-R!A"M'Q]W? [SVCNRW?C:]F)XTSG)@R^CP6YV6))+BJR?
M_SW"_N2?MOUDS@ E88S[%[N?WL.8//QY+QHG6^+SN_]^V;_TK/'NPU%CTU_
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MN)R389;IF&(2R?*2ELK9,IGU%<)MAO"J];B*TU7A=*;,L6P]B26EK4FAL8J
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MV)UT^E>+=[8B[V_3"AFW_HCP_J#?NU35N/+>8KSW][Q,:%+T+@<'@L@,0HD
M:,58L-JS%(.-VE#T1ZCI"KJ"/,%:RGRS&.!>SA-7!EB> 68"HP@F*;1>(;A
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M3.C>1[BG0O=VT+T4VXD(3LG ^TP1NCR!2>6?4DD=A"-6(W195[*K(>V*W(U
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MD720Z (@."D(I1PXXRC$TOA >YU9Z790P?F P-D>C;TB=F6(G8GJWA)MI/#
M<V*EFVX"SZB$)(5,3"A&5UC]H8*WQ3OK"D3UBM,5XW0^85Y93U.3A8(8%031
MZH).H"/3R@H?M.);VRLXZ5;1V49TKD EK^A<-3IGVK=A1!HB/83 !0BC)+BH
M2.ECP(5#JYASWQIT/H:D]DD#@YJ_O@%R]Z4:<--(7:6K!>F*S&O=E%BEJ#=
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M0U5";#<A9G9C?V8:.;X;A@8+3=-P7>88H9L-#>9;8>+%GN,'_HM?0%+I0:A
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MV=OF*_'Q#5O^9%XUGR !B$^!-%O6(WFCB9=IWTO8(."A:3K@4H2(HB/'D++
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MSDSP-Q>.*(3+SC7V@L[CJ@87=O'GTJ'+-_)[LXZ$I[UIDCJ[U$&; QXW7HV
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MNT'O[W0+@Q,2&)Z3/#. TZYD4S&\N9;@_9W&6]@\9Z& M%L*TEZ02F?F2A0
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MF$EX8Z2HJIH&'+P?>L78I!(XZ& 9H),X'[>9.AF<<GE+F,K-H!PM&'A91VS
M0C:KH9+[F*<"B,Z^L*8I0SI%D#G<DJ;EH%;!P.!>48=K:K7 B;-3@,61W)NN
M2B!^$8"8MAV9G!B41_]FV.157H!B#V J\;YM+\/X5IT E7]CZ)DU-X-K>GJ,
MI+W&-X,)"/Z8C$6@/]$^>/JCB9F)(,%V[3]X@T;V9PS"ENG=*TM"<OWP]>U_
MDFL^YJ#'G^4)7+SX^^<7K[1RCGVA45RWR,TDN+&M!X%'4V3]IN2]42@%H9)-
MI45#.9G01P%:6N2<3"@LFVB[$ AJ;;I98SI$V[BFD0>@3M\T3XQO5U;TE1J
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M.EYH+VR.Y3NOSK(6DKUB(<30@O)-LS&AEKJ=\W._$SRL[0W/T_S0F)L5M1@
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MP##XQI^L--Y^)K[WP\6]Z/[OJ)2SF8$0-!+0<S^,> B3?1V/;^+;ZL5/BX<
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M/M.&<_KZI>TMH,9NID:),;OP>/>@!MK;#H!H!S*RBX#J.']908A=#X9*F-=
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M2)S*5Q6FJ77RZN+'EU>,V3A%/2TS0\TCHT)!?&H4Q':%@EBA(&Z/@LAXVIG
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M2.=]5(?-JE)G^R!3P^ZW-D5OK.S)%]^FMMW>-A:XCP;E+J[N*D#JO0CS'QO
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M?Y'VLSCQIC/7B\C3>8-Y98//EX^]QSCN\Z[9JCIQEAA1J4RW^VO>Z%>U=R]
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MO=BFDX9=WZ391+5!+[Y!=;O>:%0[5-H=JC3=7FS320-476\W@G0,B<:_NUY
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M$6P0<$ L0 N>]-J_O0&^&"/-\(#*_NHTZ5?8NIO[8>2-U0^T_;!/ IC 2VY
M@>+J J"W=2_<R#II_/:FMO\[]R><!AZH\L2_!]H%;H#:%^A[ WL#6QHC32,!
MZEX \8!LIJ0 64#SC\+I$)N<R@T<N3,O@>>IC"KT\02)8.7_@NT9BV%B24*"
M,I_RV+,Y;+$;"^L$]#M&I1KU]_#7D/[IO'\CIP63J5E7]*;OAW?$;KB;<#C
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MJ]#Q-OMZ,3K>=Z[:MR(1S_UDZX)\ IH30.NIF\!\YT'B^=C6=.+Y0HZ?S*-
MCQ\+ZUZX4?RH0OZR ".<+W81/\=R.H0.NQ"W(I@+ZRP<"RN:^X@7.)OY(*(8
M\@?C!/C?C1%L"B'P$#B/$ BS5P(/;8KJA%:W"?_+'2.!& ]0 PM:K]N9AMO\
MN;3O-X& "<9NL_Z:NQ'."9ZCW?4"!"PD_(=Y!,O+_.[T#Z%?^A\P@\@*PF@*
MNS;RHM%\&B>XH; E"&TQ]0)O.I]RECLLT(,)CX&\?\V]B/ ,K;MP[H^MH;#Z
M]=\4XJ0;!'/D@L4DA)KUC_ .F".B]L6T"4'B(XHD$!O[ [O8WUGOV$3 ]& D
M@E4$&]9-N*=Q'%LC-XKND4?NW&ALG7S[_N4-8O7A=O%WL:VP.X$'QB"9W!8V
MG"6Z27(B6Q@794K,9Y;<>1C6<J?8VMTF@9X *]J(07>C@-)2I ]$K$P0;%+1
M">3\LUR ')AT HF#)"%]1#]O$5H;,/A\1!.%20!A27(47\-/HG#.0X'P<=S]
M5HH:]I.F%KBP"N#YF" IX4LPRGM\,*)7[,+AIL"G5 :.X(:PI7KO3603$M$Y
M>1OPWS[*FTMX>D8[:**@Q I-&T<S34%K^'YN)TGH)G/0FUI9GD]6<!05J_OS
MV+L5"N5O&3UMI(&KWT<VLO4NTRS4)&A>0_I$)-R8FU*3+C+>/03Y__.&CBI8
MF?CECA*U+QX>9JIE-TD5_ 6..9$36_%K)O M*X:U>1-@.G@YQP!T8A:R3RP9
M7!$51(=[I*=E-,A@DT49FLVC61A3J_0BMD)6S\V1Y6=(4*T1K%1$"G;6E:<T
MSE>V#[<E]"(L_EH$_/$8FZ.KF9[(;M-CE/AQ*/!'+2ZNZ7K_+:8)#]W8(\A)
MU4B9'HG?D&BP5,<++RYYR3H!\M$'A\(/[ZQ_B2A\4[.N0KF/":KE> [SSQ)[
MR?26?,7F(? ET+9*7I6R-[9,TLRZACVH67R@T*&Y3/5E+0$4:03.!4,8=T!.
M@K"!NN_CE=Q#,+]K[[,?@A4(_SW-S-A0UAM";57@<#EPN/YR<+AC@'FC$3?"
M24M1WD#;HMC\/AC\V'_$M,_;.5-TM&B\;9?UO"80 =8VLOBVK%E!04] "Q.F
MKG[ 1M<.]0$(FW]?LY3#EP[H$2@YPKB![@#BPX-C,._"*9M0W.4>L8\-B'30
M(C#'<<C*-PQ_PAS0]8L\3F@RAG?C.!QYA/U-KI'4@GR<&,CKC*Z.(',Q/ <*
M%[27:XR#!V"J06$Z-$57+YO^,_, &DVG(9C8I_@O<HW2A>+:V.E%@A'#I08D
MGJ#I!J3+!BU).P5CQF#MX9_H1>U,272Z[_)Y,9DPY5GI(U*Q&L*+\WHZ]I%U
M8&HW\+_*J#;/#X1.GR<AV 0P,[ M<#@UKFV-YX))IAY'.&2&J7<1M(^<4X*U
M)I,=? C@;SP@:05HY<-08P]F#,?(""T*W M)DI#]T\5=PU62C8B,, 8[?H0K
M<&G=RDXT3R!WJ4&TWK%3;B/R0L"TLFL<"P7.#X0 61 )F"VO/EX-XE=OD G&
M8B9HWHB6/T7?8 *D"J,8L=/!G,>0C2([_C.>3\"Z]/"%?.*@[BQ QL_,B_1$
M\F8]-RTH'M6T";C%$KL@W.@[7O49]6KJEJKOU:P_05T(-#J :*9Y!@.QB1DM
MT@ZIQ/8F>I.(!CZFB8L88X->C"CRA5Q.T1A8%RJ\06)]%",Q'8HHHV^5FD4C
M'<9%QUI)CK:]\6-J43@96V'73^9^L8"E6H/HQT)2.#8M;D@NE>R3X :N?P\F
MJ*W4JZ(7@<![489$J,T,NACAA" LG!F^\.#LS,7*62SX.(:/RY$\>EBJ'UJ'
M]+<SX2>3-V33#'9W88PI@>#C\\Q<[.WNOSKX4S"2O1LG'(6Y$ZPLF>M6\(6[
MA&G)2+ I?,&M.OQ[>XD0L"^XQIYGOERSSC T$I-L$K/SEDCI9Z\7%NX%<SZX
MC'A5H2CF/DKM/^27\)14,6,4>?R]2%V.R-?BSB(%"BG)N'L<[1HE<UH9K/Z6
MVE*DL6EL4,$#Y/3G>![)/@S9$(CZCIP V1E2**1(T*(W=IMV;WG_")%DWD+E
MNO7?(7IG*,3[;X3_*93BXHW$%CW\+^M6+Q/9*C38<;P0K1T :\:CR-.!4[+,
M^*AFIAO!VD;N/!8<)#('C^7+PS30GJ.X$2K"7Y^Y$\I2/EEFUO#E$$SN.\>>
M@=UWV:S%B@7'A24QOW[\-W<Z>S^0)A-3^8<+*O;\W+;.$SAANK:R*@8R@LHZ
M& 8!-VUJ.?73_UPNP4<7P^C5GP;@OO?JF"(?*[7ME_/_^N/\X_G5_UB#;Q^M
ML\&/\ZO!%W![+[__<7'VZ7+MF] =3?^2H-[O#R#4C_>UX[&G+I90@<RB$$/"
M,JB -U()6_]C,=0NT6GD>C&9"-ASS24-)&\'T[Y",?SGB,T,L/MN^*8I3M*>
M3S! +*-<NL\;MC4" QUCT7A^P+&"!X='L6<Q4KVGP&J$L6_ 90"S*A+<1<VV
M5/=G_$0Z#YR\:KXEXTD" Q&T0)RRT=E+-W["T3*40-K$KD_FF7Y*VF6V-.)A
MD6E80 ^?7E*F$20V^:8AS,B\)IG'!KVHIUUHI2M-&W$E(DLQSB:@R]E\P[Q0
M'U-V9C1CT09A\1M3]Z>0H9'T(7Z;&FPO(ZWTW9!/Z.&I "N610$6Y/OQ0@!,
M/6X$8T+P9J^-^=)D=*P_W6#93T^Z4G$2CG[R+M!-83 V*;^N15IN65W:Q@S#
MF%0^J:B!_NUKI];K6D,C-*H- OBIT= _ ;=)(5>OX\.O.^VZF2,!LDOY5&BG
M@:\M.26]/J%=+&IRJ)J+Q3? #68@Y[73[R_[ HV&;C2'")LV]C%;.I_<TRU\
MNMLPGQ:_V&-Q"QYO,]N\=EJ9#R01[/[I+%).F"$C^MUF]Q"N>P>D<9:RUCQ
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MOUA-T<!!:('M 9(:DJ+V!3UP0[FD>+ELD;4D_ZUGB%=2;!C@!2H;!BC?;/
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MH<4L;3"!O41=K.AL2N,G1?&L/6U<4H33F8!SE(]LJJFV+8%IBY2TF?(5APC
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MC>(WMD+LE09)T?H1<.@4@5!';GPCEXY+HMDI&E!S0.XD"JS]VD'JXO^]ISD
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M))@&OBLYW6]7@;^B0>30L'A),02+@,Y^>0-7U4$J4/]PR=-/,)'TBPK^S?.
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MU#U0&,4W^FB6W>GI?6[K7N@-#N:'@*[(&N<R7E%X4+U*\S Q3\/J26/<N>0
MR\!,']F&E(S99@!7JD4U*UW:>'JJ]6<KX''HH]F&\05=6C$RS .;9^-N:&+I
MZQU6Y^O4]X[VA=71NG0-"D5X3J,72K,@'8K))KG0NHB# , X;11OIRY0]^!V
M.O>#P'^AP3VLP@^^BDG=\+%I*H_A7*'A'$/]ZC2$1+4DJL&[[?$9WXG$K#;*
M$Y%3XZJF84X!0P^X-Y<XCYCXZH'VD!-%26QK8.CI]96:.-"&ZH%>M7!6H58N
M8C/@EA0PY:S#8LISHEZ,%Y2J/B!4P7O R!/,-P=%F >0%I['GEVP#=OW?L3J
M>NLX'KM W5-+2UGW]!.ERW<U=389?'^UM8W;:4Q=%ZM.+(EGJX=*-$*:OLVN
M/]V>7UR0E0/GEUEV+^$E!9-N)J@ HJ\D5+<3]DVYSE6%U#3P0-8XH9'''O_G
M9/JU*' P_Y>JJM?=(.^!9*_8[QZ=^4*6#BX!,DWY4M[BT/YWG&2KWZMG.Y:A
M^GM OT,R2,D&UHL$E:8YF<U-N?HV9?/#&7#?"=-<+F-Z='AT*CY6:K#&3U?)
M W#O>[E)#>:%]_4EQL8$H+_H!GXJ(C.]!^5G-YN</?&_+'P^9RY,6+]Y[/ .
M"FSDHQ*C%ZFMC=;TOHSIG['OD(N%C\DG+7)V-1"87FLY@3,QO>3.'@GGJX*;
M7F>IAI1RM+,<SO3*AN=CKI>I*KD" .-KX0DN; 1_]I#%(K#^V7#-PKWBP/3X
MC=J<0J.'I:<FIULZ)]-U(DK:2"$-!*;ICA<!Z";:%2#D<*97!EH=3B\1'^F^
M%_RUS>JG'+*G%J--]W2:@OU(<<<P[-J9-1O2E&"-9PR5'/ %OLL]E%A:B;\+
MDGICJH7]U-'U,V![T[.#=F$\G%](0!=^'-*D8J-<B=)%8_JHU^1G M4N01N>
M,^,OC[1* NO"D=><Z:EHOMG>@#TPZ0Q/AW!O@\"[O6!U&@/Z._"^1+,1PICF
MC]05E'.NU&M4_-2TGRC7Z54531&$:6+DIL\QG!9GYDQ!3.9F,]"/ERQ;+H2S
MTGQN\N!);8OK=H;MP\%ME<">&L["B0^*.@5]?33;E%\=9\RK#-A7:^D%A44A
M[T0TQ+2]3$M049F58$T?SYI:8'C[3WPVRT<<6:>.6!6VZQ!^+?-JJ1"M2C*?
M"*2?:N M!666IC?9+9XP036$VH\-UV.N9+H7:DZT*5*H@L3TP<LS!0L35ZZP
MK IM>I6WOC?'XA.))?JI>&GDM0:%A2UT4!A_KRJF;F5AQ.?K%.*UV6"U*+<5
M<ZZ8%W9-*<_O>'3"KSA-?'G/ \J^:KY6Q%!]U144ZAT_TC]C*JI5HX7#]#NE
M:#<H6>_+GBEU X0B(M-RK;G"O:IBL0'23\4B?T/5!JEHO\24L/3@854N>Z6L
M@B@ FF;<N_$C<R6N9&7 :CXT/7<]J=)7T9$4RU&U[31^;GH=#5%=_.I&DPG\
MS8UM]HOPZQWQX%M$< DS?";8RK1=V%B; 4SO%8^_8"F=_G7LV84@];JX=7&Q
M%1T\IG6$@OS+(G=>G&CQV?.?T/B#<V.1/*7VNX_([JCXG9/0R7QQZP>RMOT7
M03KVUL;KJ>^Z'!!U,QZE!CCL$:P73=4 ;/KP-*38)W>LR/2HF[6OA+*OON!:
M+UXUIUQ9F7D%0M,<<XW]^.@MW #E*)34SUV,7,$> ==^C-7:)@L:4#*+!&5C
M.\'=3WV?!Q%6"Y:-%[ @-+#@L5'0@%51F&:3^K*-H7+Y&F5XPV5LQ"=97A%8
M'=XT1:45-0K"*M,>DXBF3TX8^8$SY15D6]5(?L4XIG>N4E(W=MUH <CG"WU%
MH@'8]!J;HW^NPFG@O[PB?*B,H)\"'K/\'XBSD0XH*Z0BAC%<U*1P#EO6-]'!
M8)I_'WC^"H8LY)RH;H!4!>^K@;VN-,<C74G:&\N@3!/U^Q4JFKSXGV+/!A*Q
M1^Z##Z_X4I)4\?G7,EW+Z(Q[^C:[(\'<\9*43U%&8?&KGJZE3<$[/(/XFN8_
M^0W.1<@[1'5:5D\P2E]%VBN?Z/\Q#W+6'_T%B>G-7U-871M/3\UVH]D,A%Z4
M=9CW;*V.>(K0IBO.E5X%%X^3UHF>];"FV;I0<42Y\($(Q/1ZLO:\HR?7F?,.
M7\5(S<9S*0?LZ6V6.Z>;\_GY Q[-?5<DP-P8?<_W:Y#WP"%>/HU9@G&65\S:
M8K4XURJ83)^*"Q($:Z!,HMZR2U>YK)X<M ?T+9:3NN<WRX/O.M.U?(4JH#U8
M(6J,&(EMU[<X3$KYYPYE[.@13R-F\VB.AW\5TIZJ)FPMY^6U#(, WUOXY?DZ
M_R0Q*;#&D%>@=T7KO 59F+1Z(JE=')YJH#D\Q2PW6%;([OO.PG"<9+O$BM0*
MI]#GL\,!C'?TW(R 4*V?((<S?<VD9I.1YZ['L!LK+&FG57Q?!X/IU>)5F(8L
MY[3!,GX)I_%&F_EOY"_A5NA,[T.:.SE<4O0)>3RGAMY2?.G>WE[(N%H-VO0J
M&\BC4_A1!T5/O2\E$32A2RQ)&ZQ3MQ$&?.NWB7PU6M/,<1[X7U5+-M=]:GS^
MXI#UI%*/W,VNC\?TRLL>L^*UVK;!@!B'Z14WE=S:K/H"BRC5X/J,0:O\@3MY
M166OUL.8WC>AR7)2=HLH&SLGJJX2Z>KLZ.-BC7FE\1,SG[;U1Z?.QM&+1^V*
M:?[:^49M=%4EY0>![P5=)5O@,EO-L,BVH(+ EJFS^>;WIOE5)\"GNU"AOJR>
MB1EJ\P8):)/,E2L%JZ<2< ]L0L7G4C%97_V150=EFG;,WL$*@18;ZTE;<C=
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MV":G'-FEB\:TK/GY+>Q%.%W0)?GU;_\/4$L#!!0    ( .V#IU(A8S,O=$@
M *0E P 4    <G=T+3(P,C$P,S,Q7V-A;"YX;6SM?5EW6SF2YGO_BIR<UT$E
M]J5.=\]1>LGT&=ORV,JJZ2<>+ &)G13IYJ6\U*^? *F%DBB)"T!>N?I4EFU)
MU,6'B.\B%@0"__J_OYV/?OH"TVXX&?_;S^PO].>?8!PG:3@^_;>?_SAY3>S/
M__O?_^5?_O5_$/+_?OWX]J>7DWAQ#N/93R^FX&>0?OHZG)W]]/<$W9\_Y>GD
M_*>_3Z9_#K]X0OY]_DLO)I^_3X>G9[.?..7L[D^G?P6ALF<Z$ZFIP3^2(EZ
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M>R(2AN4(,!(4@R$^:PI926]MDPCD:6@;[E_]$#RJJZ\F/'HQ&8T@+I;->^B
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MR9JW6<C60?<<ZE.KTZJZVFJ[4+>JL9=+TV[L^" ;C/A2C,1S3TL;#T:\\HJ
MBSDZ'R6(#0N^UACU.711:>12U=9)'<XLGP"=#C%J_UPNL;QN^[)TH<U 626]
MCJJ4$F$<#P9("%F3J 7"=D%Q;M<AS/I#/H/ZTJID::2,*DRYW5#LX>A 1,M
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M(ZHD.C7W.:<F6:/=8/>I\K4WI-Q)MP?B8WEO3KY.!IR%P)2B)*;2=<9KA!K
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M8WCD,3S"@ G00 8FK4B2*G^ *+;'E<U;L&3#X'5SS32O<)@'1#=!-<Y="QF
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MK$!!D^2MH8DZ%],ZV_^[H6CK\'U<LM<#:H1WS&#8[1,0R;0A'A](1$K6*"K
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M&HCUI>48>@#$AW*S:/3 A&=6W&T&> "^#=?K][2O[G#]X]NFFFR^>[!M#F+
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M?H4\F9;KG$>^ZX9Y&.<,N)%+5BQ8EA7)T7"4"Y7$*8;A3\B6&HVKJVH25NZ
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M)DIY#\*4)F9K*?>A ?K@D%55;!5)U@P*+Q>.<GALD9!]![.S27HS_@*7<>N
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M13R3@H!S+H*7)M^]G7*EHA\9HD_&KY6N:TFXVEIV-)I_YK(1T:]HCU=2T8+
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M=%"IUL(Y%FB3ICGK@.N3+U^!%=7UL:8??_G]\D<Y7/[O__+_ 5!+ P04
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M3P1DDLXB,OHMCBK!>\2X[.F;8[YZ%LM8X.QDUB/BV\_N%>_X%(9]"OC6HWM
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MX9<+C ,-QID2@-' )0U8 (-H @L"71(@!.V%+=BP".11:WXCJ=[6LNO%4+R
M$I6.M%$Y5DK41#B0+!:>F ")-CG/"X1F-N(!Z'9=6=Y6J^_G!&<@$GA+%&*Y
M)&2:&\Z"H9U&.R>-Y00K-['Z#T"9:TCPMA[#IGI\/80X/)F[E&1#',_&Z?=/
MXQ-Z]K3:$K-O5T/5UAOIDV<N%.);($O"*Y59A>]5YM;S)HMS5X"/_O2NB28:
MG/7<Q'D)J60K@G6\6IB.QNT+(]YBM3JM4(A!0Q,+?PF6[?.@C>+N8<<Z4F]
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M,1N58EJ@83[+P@H&BS8GWJB]8S=XATVC!BIJ5=WG-LIYO-TU2!>L<#))%FG
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MVM0%2YBH#>>A32+LO:CV)%AV)6W?19R-I=[@^FH!TT6H5Q=0+6L(+D6UFYJ
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M1$&VN:!^ -<F$8QOSJKS]+:0[3L;X63Z:?AY>K/(PL!;L@U";1 A:K2!ALB
MZUKXTKCH,2>9TP,D[/*>[?NL?2K[9F1AKQ)M<(:^?-QOOUY@?8>3&ML('Y&
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M^5U%H%<O=UY+J@&ZUO6B6@MTH2:4-)BT L^3%AHQ1)6 :S"YQFA9)^ZN"=4
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M\T)4>WB!T !=ZRN$U@)=N$0HTD5=@HF 4G.90PFH,@^\< G1^+LO$1H W3
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M*F 05MLLI1VL,(;>13XW:1H(_N*YVQ'_LD$L*$'H%"&G9"!%[86)7D- 00I
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MA95.%31E2!+ZHXN\-#2TXWC#YAN5L%_^'>D2>YP\ZQ6SAD":;?35+BND38L
MJ7AG4[(FB"$GQ("E7AHL6G._\4B&1<?8/S*>_S*O!:3O_[K(Z88J6IA%KQ)P
M=*Z6ID<ZO;B X#C#:(M*@[PDFU=X:5!HQ.L.S27>D9[[OKR=Y319:K$228]1
MNKIFD!,F<R#;B"<ZM9SWGG'#;9=.)P])>4DP:220C9TB]CW)_DU*BV7JFV0K
M?5V4<'4;T_WH:ON9P#U\PRO#M5E4R!/]YX16P7KO7)(J:19"UC'+IX9K/[IP
MH]J2Z\[B;WX8S;VFE0[]PM^G%[,?.NO4O[\@Z5..7RXF_[K*]QH4.":1A6C
MVEAM)^_ !;*B.#TJ4@G'BNU;)]=I8[M<S+>T71<\WE#X^?,L?Z:[8YG!?9W
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M->BMRL89QX84G!$=]]!&WZTB;5="7V8T=Z_B;>BGJ71OHNOF41Q"V8AP[2
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MZ1"FO[74;RF\U^SFS=?IU<7E67 F<E.SAC71J1@G?;RP -IZAAF-B[S+!3:
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MV.#"^F'1DT!'7U8_Q,36<U]&!.-$,2190;95R'0H6D.*-TL*0G6N>VG"/C)
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MR:9$VA0GS".-[F6>M0JV*F$2Q.#XG".)$"4&(%<3OSTAA:(&G/\'GF<]8FZ
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ME;P)5#-Y]Y(QL2&8.!PDQBA^\J!B>=GR]M/L/'\[$F].VB7)V;V;[)QT2#9
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MS9R-D3?'$HR)IX25\2T(G:$RQ@#[*E->+:5.E)T2EHU8/9]ZI4B(D4]295)
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M#K#!!]5ZTY+?H;9QA"2O $ ',-F:]./.9"!;EY!)%:G:*B CL>"^.HB2!(1
M F55N<C09:<ZY;ZQG7:R?5CRB/O&E-$N"%M98]&!(440I'7@J8C@!0H7NLS
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M,PKM8MU=U'G,C$(#$O<"L?6U.C#)R):YY0B\Q3NU>9M"Z8)Z;UQ#+^?2=11
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M>N5<S:,L-Y">=QNU[Y&K.2LGA? &3&U-2DE42*Y@([VGHGPAWZ=(Z/BYFGN
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M/A.85DDRX%;1IQAT#-(XT:8(W!8P9V0@])9UBP)P&YA6_.Z"JJ5)L!W6<>R
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M[S_2WD@;YE_+;U69>*\ D*F<,M.:1P;").8-=[17"K"V74&3)^$]?_XT5,>
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M6@B^R77L.8?N[Z3HCJ'[W;5T\-#]$D5)J21FI" C4TEDP*5DWGE,V2-W6A^
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M52$[TG@;LLBAC(:3P.[J?G]]#7F+17NH<,M#!E++4_ V1!V*E]84'@&UCA'
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M2[)Q0G;U:M\KH3%I9W(+!IQ<[<_F/L20FABXXOO6<F6U=KGQO-:==Y+P.,\
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M4:CO(^)W!7U,;B>F^OZU_$;IVX^%KN1_T/UMF\R^4W/N'I<6RJM%"K/4H8H
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M__+?_R\(_^?EM\_@?<:V]R(MP;M<D%)P\#TI[\ _N"C^ #+/[L$_LOR/Y)%
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M+Y6K'O$(\U *2!'&$+DQAR3R"'0\XB@CC:' )S;<93[TTBBLD0]4 EH=@0R
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MN_Z4(;?;K^#?1)%P];R$;#Z+5+\/K;<0N=PG)("1Y^HUVW<@83Z".*;2ITY
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MNAW(L[>IL32UIJNJ7FBI*]UM-H!6>( 6D-7S*_>H@!:655M.!/S40G,\9V)
MPM%;SNVX.4QOHLG,:5%O.5N'F59O*HV]K^7CWSY?OKO,\CS[GJ2WNW80F OL
M!"X,0AI!Y+@!)&%$(/'" -%(,L\S+BOXZ@A+6Q\K(0'=26GN-G@=P'[7RMFP
M3$SP-2)[ 0=X5(Z\6\;>E+,AFLF3\A*J<7PG)[4_X3=Y_;[9?"8GQ>[Z2TY?
M.+"9GP[+UC/^.4G%)_5CL4:A3RF/*42AKI :4:RSO!R(8I<Y7NQZ'C5R&1\?
M8FE<MI,0_*YE!)60EAZ05X T,XS/@V=J5[$=,O;]YHXJ/VK3N,-1YNW\=E3+
M@_9MQZ\<4):NBG+7/H^ZQ/N=#J0L/J4[3\B5_.N6Y"0M1=TD;AV(F/ @CA6
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MTZ+1#/S>ZO:_P.]:/=#H9Y&6..(7-X+E,.$\SF0GS#R?(ZW2 W$?M";;CK6
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M'']I_*A>']_NX[8%W.S[GQ#&B2FBEGP%=K+7P8&K?5[S2L>[4P&^DH2O@-8
M*!7&XY*!V(U)-[8BS,I( _%Y25I#'S,TX46*/!?\,DNW.HKQ:Y[)I-1'P?H
M.,]U/_&ZO#9/'A.^)1M= 4+G:.N^HU>RO?]==O\@TJ*[I\$BHLR+'4ADP!0%
M8@QC0B/H!5',& E#XF&[))BI1%T:6[:2@DK5*A*X5A8TVH*.NBNP5QBT&J^
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MF\_?% >9;Z?4FYQWOOD<'CL6?7O!AJW_VGFV-S(^9GG=Y%GPSBZ 1B'Q>.!
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M$Z,LE'%!GC,:M(6YD;JVML:&N7_Y&AV\B5>Q ]S&L._-P+2(#!T;U+F"0T<
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M_7#_L,F>A*@BJKZJU_A.#5BU FW",:MT\J+]"[]\:N]8!VX4<48CZ!+/@RA
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M\&7D.V4)>,;X= Z![X;< _1V+^]FO7JYVQ;YDY[3W\EU;DY?'T5$<28#$N
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M:GEN<\N/5Y^_V!.P&\CGA\[1H!MY3-1VP[WA]:&#O>E@9SO0Q@_8,'.#V7X
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MF82QH"D1,F28A#;\?;J)N='UWDI0FVE''#T8]A.O'V3&C@6/0?&8(GP>@)Y
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M;"6_Y.5V&2E),H)CF"&"]/1;QN88O(1!2C!/2( I=MI'\V37W)AF/^E<&;]
M81R#&P6?]2_4^+;0X6_CG8F%U6Z_XZEQ$/RQ=Q$8'UW7"SWUN.7"XO3]./8*
MY*X+*Y<6X&O;A]JM>E=J >ZZ?;C?L[IU[T/W-4N_B'M=W/1DVK2KH'[Q?+5<
MZOGQ[D?BS;C2*8!VI#+?IRV_Y)(BF@3(5%7!$"NJ($61A)(A1HWT"<TL3S%<
M9H@5/4QZQ*%;J:,MZK PY1[LCW-?T"]AI-'7'D.C00-QK$?C+.4!3 C&)**Z
MCUB\?*KF$?H5*[;OWC<-=1^;-%[_?)#W^7IM6+Q)2)FD7V(JDA"Q *8!3R!&
M*8-,Q0)21;,X1"+3_VWZY=/Z_;^8@UYI#1JO3S[5B9L?)NR0_B!F.HBGF+J]
M6==Y5V9H<::XT"3=8:]),4VW3"10,6;W.,E57(YJCW;%!0^?3,CB<@"ZJA8>
MGG;I:;*VR-_+3HOI1BD=65[=FTI VWU!Z5^E#C)_W6SOGMG_EGS[;?,++?4_
MZ#]O#].,;C>KG+]\6NF+S$<:()YFR.BQ9]6^.PE@%E$)8Z2H(#R*HH2W(> W
M^_,*TWDP(';\-L&)!VWV.0'S]^YZVW7-6?7DY"?P=EXO.C5]%Z!V'32^=RJ[
M+X#I^HT"&@#0(& JO=48@ :$[I[9 M0X@!:(,<[X3=5YXYP8'-WZ=SI_.%6O
MG#[-.)D%0\K4%=]SDR3[6<HR7)(015F@0BB2+(*8TP02F<209(C'(J,*<:N]
MK=>/GMLJLS8*Y XZ36^ =7YB-!R"L=,,6L. L0R$@S%PJ?PV%(O)2KQ98N)8
MQ^TMMWL+MAW<,&%EMK<,/2S!]N85 ^J5[ N_5UJFM[+XLJ'KJ_7ZF:X^;DI-
M?'5;LM%AC#G"*@L2&*$X@3CB*<Q4G$(A44:R*$LB9'4:>TCC<R,N4PK,G H#
MM+(8<&VRB7W*VFB'2AJNO7">[\;$=F1&[)@.*MOKHFO&?%#;#XP#X-L&-"X,
M*5[B"KE# 9,1H9^JB,D(7>!6S&0@AGT%35P?.5U1DX'.'A0V&?J,@2<;Y/8C
M+1]NBXV1$10?7GXK3;+7_J#7KI;*DH<,)UPAR&1"(69I#%E,,$1Q3 A-PXBR
MS$4;PKYII_%BHD42KDT'3XWM)GWT+\]EE?CY4YL\8>I?.1:\&M K=JLAXV ]
M\OAA8#96@]LNS+^U,.^,[Y1B\GB6PADQKX<K[%N?]K2%,RJOCE^X/V'H>8R.
M3)H1/;KZ,R^7&$L]^Q:F;HH10%0L@XPG$21I( 6.1"@RIX2Q-UN96WQ[I-VW
M ,90\(<QU3&+ZVU0[3CH8JC&GL /06E &G\/"GX3[M]J:.+4^!Y?7R>Q]UU\
M^8SXU\UZK^YNTI=T5/5S55;[MMC/#DB2"9ZB$ HD XA#S&!F,B>$B#-%E P#
M289.BZTLF!MW:*-AV;6ZGBG7!<EU '31_-BN3]PGR=Z1GGZF;' _\*&>M-5>
M@,H-#[-ENPX8/F7VWA'O-V^VZ)!QILQ.&#K,F^V>^VZ39R>W^V;0;@\:%FQV
M*M57FU%++ *.0XFA"&,C,I+(JC0?)%D:9RE&,A*12YQYW,#<AHF/C2"B,7 !
MGO07\=V8"?ZOX*]!")YD49^A70!$XD40!.;_6_E$^KS58[])2/E_01A&"]W6
M(D51I;-A?@^(N3P!>5D^&PU&_>?!ZEVO.LHN=KT$_I''C@;YNQKY9IO_NH+*
M7]1ZRG^? >NK-B:-54]Y>!RFGKS./4(]SLS:YVSUY6A=U?]2#8 W2D^GVRN:
M"Y94T)CIMP8FB50ZA(TD)&%D9+M%D.H!0=#0BGK&,W%NY-6UUZ3 K.5VESUO
M'UN-U)WGH]_W[Z21*>YU7FHG;?5,AFJEU/>J=__2=N]/>@I37?CN_6P?9+]_
M?T\4A7]\,,DYI=F*W3[(JN.>WSC@8JIYT!83J#8%+,TK4NY?$:$CD>8AM.=;
M_ZN? '[<_NF)\$=J>+(IP+C =><(([?D'@M4P@M?)5U]JL[AWOQ82]',OB67
M(<5) E$:F6J 2L\B(B/1+A!/L)Y+"&F=J7&ZF;F-R5\_W=A3<@]ZYX=//YB,
M/ 36<C/&2E";"2H[!RP!]6!E/P3YP6RB860P=DZL?QZ2'N;NN7DR]CWO0)=!
M+:X>MI3R.5_G6_DE_VZV!?4<_]Z<-:ZE9+_D:WF]E>;$%DXD$JF ,D,$8L0D
M9!Q1J&+,"&9<B"!S65ZQ:71N#%G;#"NCP=[J1J$:_&$,!Y7ECIM\5CU@MV[B
M&]>16=8'I,YK*RX8^5QOL6IWTC48%R2.UV6<[G5C)B'SY<_-4/591WQT];\D
M+3[KOY1+RDG"N<*08Y5"'+(44HXP9!$2/$D5)6%@0T0];<R-=UHS06TG,(:"
MRE([FNF#LY]5/($T,HD,P,>:,RP0V%-$V7*$G@G_]7[S_3_UW34]Z!^.6:'O
MR9.0@(5K[3=O<ZGWX*,[^6ODI4VKWWYLEAG!(DR3" I,$SU#RS)(B<H@82I(
MXH!$(742@1YDQ=QH0K]?R%O<T0/^Q8&('TC?,S)95'+TO"J6U7%F45./=F22
M8.4\CA-%+SV&S"6<.8^50WQC\;!A;'A;;+B4HORL73,[BD8?Y495:V52U/6D
M.5&)B!,82,5,G=@$D@0+F,0J5('*1**LPA_K%N?&<JW!P'1_M4/=EIFJ9/5@
M73>ELQ;M1HGG>\"._KSB.C+5'4)ZW8&TL==S 6IK;'S2U_E&)Z4J:PR.:<G^
MQF$4]$N^WA251K'^FF6YO5Y_R1^-(/$M+;9K_8$_Y$_E4F8TB24-(8XD@CC5
M_T/#1,",13'E(=8<Q5UHR*K5V5$1?:GV2+<;\-C8;Q)QC+UNI&.'N1WQ>$=R
M9/+Y57\OIE#R9K6J*\359AM!]\9PT+7<'PLY >63B>P:GI2-G+ X9B2WF]U7
M@CZMM_KI'Y^+0L\^O\HG$WNM[XUDYG.YC%2*,$D05#(3$,<J,FE_!*I8X111
MQ%)D59CC7$-SXY[:5M 8"W;6@MI<^X6A7G3/KP[YPFQDEAD*E],ZD0T6%RP6
M]3Y^LA4C&R>[RT96UP]<.VJ5:#H)R+_GVX??UAMFE 3,X%PE))=?I?$L7^75
ME.VK"98*;<4'6N;E3MCF;S1??]F4Y?6:KYZ%F?5]HH61#BV77)!(Q@'2W6'"
M'1WE0!;K25A,HI2996?'<@F363XWVC*6EN O*VVL+'\R@[Q)!ZHU;.H__^2@
MGCO]BV"Y]C7'[AU[O:RC>=8]S%&5^>TZ7A_O*,&AZPNP<QY4WB^Z@FH& ? 7
M@\%/H$7!O#PM#AZ7VZ;N.J]+=),9/^VRWM1]\FHI<'(#A@V(NR0[M2G*@R2[
M)M^(AQ)'A&:0A()#+ (&B9 $IE0$E$:)P,AIW^1<@W,;?JX^WW6S5 NYU5TA
MQ0+0+5"&P*HS-&Z#SUG0D2!,I1C#A*428LHX9-IK*&04"95PB:)@^5T6;/,>
ML'<;'A?XNX%+LF<!MAN4?8(V\EAZ]3JWNI-^[R^+SA4:GV/5V38G'6)L$3@>
M&:SO<T]0_BK+;9&;/48CWW&UKOYCZL=ICC*5XW:#TKY6U#+A(4&(<QB'+(,X
M10C2)-&_1BB-4B1"0:V690>V/S>ZW[M0J0?9I^P.P;Z?A29 =&12ZH!9:029
M4Z'5#QT/NM+'G1)RXP)OGT0]<@=,E%T]1D<X)5Y? &-/1O:0ITZ6JGV!R]T<
M[DL><VF%@"9U85<!- B%COTYE#'64X$TCF"6(A.?A@PK@E,B8K<*H&\W-+<Q
MH;9NJ-;^$8AVD:</:$8F]XZ.?67C2$4_^W$81Q+^J*UW$G!_V^/3<NLGKG</
M(W<Z;U\EEWFU5%%78+]11I>CO%Y_WA2R'4LI2Q(I4 PE#D.($QY#%M(4(LKU
M_V51S.VVTYQ;GAM-[*O4&_6ETBPVJKVU]@&-&_SG8\C10!U[>7BG';DW? $:
ME&]4)>U3@NLU^#P^RO8!XVAH3Q0J>D7=*48<A%Q/=.CVO,GBPD%N=B/"80_P
M5ORS6;:X6JTV/TPFF?[]8R%%OOW_N7NWY<9Q+%WX57#SQV1%&#T\@ ?,G?,T
ME1%99?^9KN[841<*'&U-R9*;E)WI>?H-@*1(RQ(%4"#-VC$Q74Z;)-;Z0'Y8
M6%@'[9^^9,HRK9J0E@NB9B27000)B0.(<IQ#C-1/41Y$::A^AU.KP%,?PLQM
ML>C*=G;_//LI.;U:3 GTZ!;JL=YY.R>I^EVCD5ZL0:43T$JI/[W-')W=Z7"4
MN7J;<B*LF@\U@BC41L.VB$C]FV= .MIZJASB"W3W=HCV0[QU4T1G,"Q:([H_
M<T!;*%TRK*K+]O%1G\)>F_ZVQK_RZ?YAM7D6PEQSK=[W.U**:_7REI=K;C+M
MORBIUGHG9GZ[R+-<4)1FD$:,080"#(F,.12<$!&D:9SEUALCGX+-;2ELY*\*
M$X*'6@/CI%PVDH,'+;I#OR:?,WEZU7RK^1EY!34BUX4*0:48J#3;53'<S5YU
M;:,?,*H I2&H2GOL=*S^\D8SZ="WZXUF=*JN7]//K%O_L!'@[^L^YG.XZ7J7
MC0#2B\YG8SQ_V*&$>6+EX?QM63*Q4L\4F\=R0<. 1PE',#)I1;E $!-.89CF
M69HP+ +A="AQ;*"YK9I&3K<SB:,8VIU)^$!FY/6J(J1*Q@OP0DI_9Q*G</!Y
M)G%TK$G/)$YIO'\F<?+Z 6<2!^(I?SC'4QJ9KHKE[7)-JLVVC"1GBD!@E 6Z
M2!6.($88PR!/$18"\R"S"F\<4<;9,4]'-@=_^T@3:''^\?;3,O9)B?= ^KID
MQ;RFVN$0YNVG?*KCFC>=>K?SG7$GI>\D:*21ISLS&A>Z%Z=+(P\US/S?+Z?R
MN]A6J1!JP/_>;/B/Y6JUX(@+W1L.ID@7.DE% "E/ L@$B;*$<VS9%\IET+DM
MSIVR0V1 V)(5SG;;!=_HC;R&OJHD>0%T;\MW.YE!(_0O_K82+ACYW%98C3OI
M%L,%B?WMAM.]Y\9$[E*RVB.*[YL5_V.M'G9Y6PA#F.7-YILHU;ZGO4@?S0N^
M(%G LU1FD 4DAXA'#)(T)# *0ZK("P5!&BS6XI9L!;^Q[]/K2SZK#Q)7'^0K
M*4<,K5)?XN5]U31B(YM2K^\:79<Z,?A:'Q*NMU66YP>UY&Q62ZX%5(;-RASP
M?K\3KFG"WN;=CC,GG<;)PT0[V;F=W"2M%GC4>H%6,7V(^TTT1T$OKJ\T'"/$
MU _FXX2DGBG;&X6P^D'T>,BKI^</K+Q'GNO'F]/G0AQO6&&JP)$ JUU)1&'"
M4@P1$1)2AA(8)('D48QYRITJ0CB./S=+]?,N>593>B>&@U3:'/_$O<R&'2&/
MB/'(O-M(KIFTEAU8!$1Y+-DW##JO!?P<19BVG-\P?%X5]QOXF,$]-!\*<2?6
MI6+?+Z8&B[+-KN0-^;DSN:]UO9[-^G*[+9;T<:M%N=F\K-G6U/U:A#&-N0Q3
MF",L=8@H@GE"8ABQ+$I%C*,X"1=;>SO8LWQ.G#F!'6QL;?!"2?"EKH1C2ITX
M-]KT.IMVG/J&<S0RY_9,3.5-4 N=TO("M$Z%6E'0U513]I$:AUZ[A8XQ"YZ;
MC7H5<>I>I6/@>Z#5Z2C#G!&E44FQ8)SP( P%S&6HJ%W*&.*(8YCR3,8)2FD8
M<>? C.K9<S-EJ["#JB39@%ID7=1"B6F<\Q"J#0&!*%([!:JS;<.,B83E:8 R
M[+(@#D5M@L7,(VIV"\] +$9>-'9!=$HLST$J+W7U'I=2/W[Z4)27>AV,/MF[
M9&!A:U+<+M<?Q<.F7&XKI^."4T1I2B(8BRB'*&$$8BDRF(52IADB* ^I4QGK
MUV/,C=XJ$4&Q2S=S+%5] $6[#_9,;$;^<&M8:O' B2H![L6FCROOM;3T@6&F
M+21]7,]79:-[+AWVA=\49%W*7>KDKV+%ZVWSS4:;37*S6F[,G\(%$P0E84HA
MSD4"41@G:J^J.$#$ 4IYE*, $9<OWV'LN3%"(WK=_Z'*=[]3"K1)66H/L_?K
MY?I)69C:6>'&'RYS9,<K(R$_,M\T4NM=9)6%_>L^XCOAJPO\D=$ Q'R2E,OP
MDY+7 %SV26W((P8[[^XW:Q.P__V.J%>S"NU?9'$L)&(2IK&R9E 8J3U;E,4P
M3O,DY!A3*B,78CLRSMQ(K!*SRCJ[,&V!! ?O2B.QNR/M(++6#K%S\1K?L:6A
M^EY!50EY46</>75)]>'@V;5T<*BI741]^AYP]?1>/I 4#E85N]Q^($7QO%S?
MFEC 14A%0O,\A(R@$"(D ICK+)N,"\8$)CS 3LU[K$:='6$TI?-T94@@6KD=
MR<(*<4OJ\(WCV$1RO/H@V8)&ZBJ@V2.QN*#DE6:L!IZ6=%RP>$5!3C</]"$_
MB(+HAA]?!2G;"(]%+F48\3"%DN7:,YI+2+),;;]"R7$B4RRH53K]B7'F1CH[
M,<%*RPE6;<R;H[_T"*Z6OM/ST1K;C[H#RHC8:0;AT:O:CX)7#^N1H:;UMO;K
M^\KS>N+R883P7=S>=QL![4IIBB#":9 H>R2)$HB"+($DQQ+B.,C#5&0ASZ0+
M(QP;:&Z44,O9:4EE47K3#5H[4O !V,BL, @K9UXX!81/8C@ZUJ3,<$KC?6HX
M>?T9!\[?!%E]*K=D*[YM5JO/F^('*?A"9HF(.,I@A',,4:C90; $AJ&,)9<!
MII%3V^/C0\V-'ZH312TJJ&0%?VII02VN(T?T0.QP['HV<).<P@[ ;-C);"\<
MW@]J#X\V_;EMK]8'CW'[[SBS!V!=,'G-.WDD==8CO]I+:#S>@.E&_-R^5ZK^
MM4!YQI':ID"29FJ'PED&*9%"38D.9,0)27*G_,.Q!)T;7S4Q<!MI@N3JAG]?
MZX9_^Y%Q7\63FM2X20+2SH0.+.#[=JD^6^U%-W_JMG[3#S\19S'M"V/'GW-X
M#49FWP-9[%P7>WR5G'ZJJQ_X\\:\)UI)8+3TR-QC3\0H??U\R_HV;?Q&0OQH
MU[ZQQANX ];N_C8=[KK8W!;D_O+GLES$.2,ISG(81+HG1YAQB 4AD.&$10'/
M@T0X6;G'AYK;JF$D[20)@EI6M<%3TKINA(\C;+D5]H+;V)OA@9"Y[X=/HN%U
M1WQ\M&GWQ">U?K4K/GW'T'QUNOVR5EML4X/FZW(MOFS%?;G@,<$R0!'$$G.(
M I9#*BF! LN<A[E@A#FYS(Z,,S>N,(EOK9S@3RTI,*(Z$L4Q8.U8P@-<(U/$
M(*0&Y%SWXN WA?KP4!-G1/?J^SK!N?_R@5:$CARXVZS4':4^O=L^+Y(D(#@-
M TAI@)3U0# D81Q!(DD>L@3E,0D7#Z;HY_<M*;:6-L2K@5Q>\/WAQGO7F[H0
M9 NHN%VNM<VF-Z&5!(X&Q&MP29:A+&4QS()$<2V-!,1!F,*0Q@GBE&9A*FIP
M/RE#<S)HF\$F 58-IB&]]@-I3D/.,8\@BXEZ7R,<P5P2#N,XX%D@<1(G3AZ6
M\^"<ID\(>[Q_7)DZ)AOCHV0OD@R7=9+ARCW[\P"^EK;N6:B-;>-VA/L/4(GW
MRH=TK<RNGC!D=WOW*")>[=S7HTQKWQ[5\I5=>_S*86O7[V2KMMY7LCYAUM4@
ML211KDLGI9(%$"&N=KZ8A)#3@ B4*2,W=PK'?SW$W+C@JK@EZ^7_&N'</O4#
M\-E]ZN>!,O*G7@FGEY=6//#G**Z_XSCX_, /C#+I!WY<R_T/O.=*]]K.'S9K
M?22L&%F7[5KR^I%5._2%0#3+U7JOOG/)(%*O L0D(#!(,48I91G)K;:L)T>:
MV^?>"JO6_(ZT]H5X^X'M9P"O<(U,!!VD7@@*_JQ$M=SCGX;,O@*Q-^BFZKLU
M&$*G&L!6L/14\NV_?[)ZO%9J=*OJVMW@3IWO'\OE6I3E]6/QL"G%-Z&?K88B
MJUTRD:R2B>HW.(YEFJE]$@P"]3\HB4)(]:%!&F0)9Q&-);5JES%D\+D1;"._
M;CFE%:@2%B]>)C*:P'2YJU5FSR3.4\/CA =9*"!+F<XL)PR24*B];A0S(GF(
MXC!:/(F";MYZ<KI"3#@]1:O#P:D:<6Y.KY5CXCWR\KD#NI8==(2O$DDOVE13
MK<& ==7]:[!>:L=$?J+5=X09<%J6AT+8LU([/W*RQ7NHLMWU?/ SAKD_FN$Z
M;2XKMTI3MZG.!;PJ]'^[':%?I*/&41Q1H390+,XE1!@+2'!&H(R3- B9S/,
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M"=!%A=#F!$+6K&&!06O=EHUY6PKVC]O-TW^JNRO+5OVP;]#V/7D2=K!0K6$
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M;GHF0D5K62Y@2D..XQ"3V*V^V)%QYL9>K<W8K84SY CQ"*Z69X;GHS7V(>$
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M(VI;[/%P?TN/X+ETU?$'XF2-<,X!T[%=C1TZO1UF3CQBPJ8P=LJ\[.-B><\
MFM6NG>WR:;E]OER3U7.Y+*_DKJRO+CVG1A#E5HVVWB[7CX+?;-X+?9+__OE
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MMT)?X\S - 6\7AU6-.)7#?'>D1(0W1=6*^!X[.4P)[9^AC%PGB(@I97ZXB7
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MC4/GL,W>KA[M#3F]SYG#O(^\] R<Y]ZY=7'_3S?=]CNN.4S[1)LS)>#CBA2
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MRY_+<I$R'L8XS&$4ZSX-$B&("0D@#T7$,\QE1*R./:Q&FYO9V\@&_M32N2:
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MB'"W7*Y_JF54^7-]XDE5*+][7I<M+ZW%9ZXSWM6"[)>2/R^VSW,B"I(R$<%
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MP:<+UBN CTY5@FJ'S]_<C,.^.^#"4.VMZ=%&<]_@]0=\[VT-7$UOXI '<=[
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M'&<IA6FB=G)%2&&>LP!F*1,T8%D4Q%8KG1=;F]JG?GCV K33$BV?M5,BMV:
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M#PO3;7;[YJ?&'[N2K4J_11VN4I\&57Z8;_<.Z(3+K.(?6L]DLX>J,E\7IZQ
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M2_#2V&B^Z#A"!U]?&9Y(IXTOMMY/"OZI5B[['M=IPA78][FOT*[=GM5G=&=
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M*()QEBBE2) *$;NY+MP$F)]CHA(+M-[L7'7[(3?E&7_H+.B.#FO'Z;&S>$>
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M>7.&)V\ZV]CVV@'I'M;S9F=HCS8;D_A=FI2W(V [9^[@S_&2/UQQ\YX!8BW
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M"3&M9#C$)KL3Q0Q#RE4*TR04F)(,A6G@DIY]-((31TP6J[W.UW 7/O&F4O^
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MM [IL!YU;GS;" YJR5WJK-K";+$'& .\L:GQ#6[@K=2@%7N(?6\-K$M1V1$
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M >BA%7USAU+T3X=TTO/T29CBLG8M"5A<.<R(^CG/Q;?E:F7ZFRP+LQDPM++
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MP._4I]4CMN>[O/H<Q&V=$'*Y^*D)9+LOZ+I<FC5(O\AYL5F@3.$H3B(H4QQ
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M$;>JNVDWW-R,M$X0>=VZR9'D+H!KN7_S!MG8.SG#4'M);SJ!HY="A <$?]J
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MM%V>-AF)#U"Q2^I#;A_F&/SZF!<;TQOSW>Y\:Q%B$6=Q$L"$BA"BD%)3.$W
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M'^15@U#^)HIH64<15=;1^87:R\S8T<^(>(_,25VHZUZL)P.V:IOH!AA;-5=
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M"E<BV;<U&/KHZ38#5RK_QOR_]EE#.^/435Z^Z+7/[#<*RC?-YX3B+!$*)S!
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M<GUVZI\Y9YBOH$/Z1JZ7>5'U?/]I*_6+&3<A37$FLR336X>,I*95KPH@#M,
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M9 AF(>,&K_$G]?"'('/LBP]ZQL",F2E!^:KOO?ZQ+!=<\D3*E $NL  PP07
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M-! ^VV2$(.B:EEMFK8CWN"<4]>BQ:+ B5VD\=8^.-I(<%5&SE:#W1<IIYV'
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M0*(K(S29U<2K'(@(,GH>= BYRIB4M=1L!ID7]8AV?ZDWD)VZS\2;X>@2S=?
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MW!%1<H+>0B;,**K 12GJ3.K8_D55S=?*!P/1[L)OX!3;J'S(YBQ88<()AEZ
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MOX7MS<#TP.ILP-!>S]:^6^DYT(YEX0(0E&(IVH^2.(JR-"S:K#07*=6K6GM
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MCRAZ&XQ/4!7;VI@J(#AA(.OB!!;!T4N7PM47YC5V-?P^B)K3(/NZ4+_-2Z;
MBV7=WHG6'#I\<9KSHJ&@$AEPB(:/\G;?1[R&T(LL8Y$II2X9O,]/:^S"^GU
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MSE+\;8V%@[9KE^DFJ<X'YW)SZ;UM'/JE-09W@;UQ9U.-T<2<PPO^Y3,_?B1
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MGTWUX_;72EYX*ZD"NWFQY1=4B$XZX #!^UB%]&5*_/[V^FMM9=YI_;6VT?4
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MOU3>K\[.CP+F&C!E:*2/8%H#EZB2!V&C52X'K:V:X+WM-OK F13=?;H#V&N
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M=$KCY,*(*@JBE0@Y5%:;VK R5@T^&2E*D3+>3SH[0 G+ZZM@V15]?0PU3/W
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MNV0@YTS>!))F]OL\RQWVX,]/.8X^#:\[ ]"'R_/SBR_KU>7G+_<3\2RJH$T
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M/!42DTE_;R;.+/W_P=KR$?.;WW$=;MF &&7A7(&W<3N%)8'SF0/77I$/;@G
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M/C645Y*OJ?^$RR>(S\DR(C- X%Z"DF1B>9[HNM#.)$2,I#YF1_EK5/2FE6=
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MZG<#ZU]K-SSR+,^\H<O%Q3I,F,PGNKP<! P9D@S>28%&\U8=:E_>6?_ZMR=
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M<%D6,"REI&2PP37)C9IF^Z<]".GX@#](_"<*^O^AOXRK4LY4JFWNLZF=:.F
M:U'9G04DM"J0**Q5W029;C9]VM.1C@WPO41]HK"^/<)"6AZ8UF!E?7WD(8+3
M/D-4F+ H7J+FO<!ZE-YV?\+Z %&?0"W9,Q%C^AC#HC6 K#8Y,D76<6JA-L&W
MW@JF431Y\&OV&.#_!/(>HCW%SL-_7:_N9E]OAY"$9;YZ:E\MMSWRZ<_;-OFK
MN\R21S5,TV8J3+NGI@D+#=EW_+R%('+P=9Y2B%[3X>)TN'S(9%IS<BZ#(L0W
M,3=[+/SB7F)@DNRQK M=7)S.O4^D:-!FFXU6/C2)-WY_A5]C4'5 #^$1\NK
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M +T+=;R9!*PC,FR=-6V+2[8TN30Y0:;0*./OP10:88F>F4(E2>EJ+W%4NE;
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M@(J&!V9U5*FQ%_Q1J%YNH@XU_9.8.M .'6#JAI7_ 2_RQW_AMYOR(NF#9[E
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MDZY)Z+U3FEZ>B*?V1/LJO /4?+Q8Q3^_K,Y)]9NK#.2,\@UF;/!DTA(K32(
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M5_ZQN9H7<\9D*3Q3?H6^3EUQ2/$#+P&"*]&BE*C:]&E[5JJY2[7G@^!TQNK
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MGTK30ZR9A68-G7<J[)]Y\?G+14ZOZ OX.=\T*_E 4=U90&-X5AXB<[2KZ'>
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MN;IB1=KQ.66PUB#7J%/40R9OGV*3J'TP,;%&.W F3S%,-#<%F700F<FTC%P
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M']]^_/3LJIR(4A:SG5',:E]/#Y4< D7&H'FI$V2'/#T-_^*\3+X)D=-(R=U
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MY;<%\ [10^^@VF$OF6Q]02.!UVYMRC@'W@5?+VJB$"78HIKT3!B)_L[2UUX
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MP#S;#TIWEQH&GF.Y<F\AWPZ.RD%E]-MN-S-D495L(Z UC'C3$J+2"#FQDKG
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MZ\WL=$=G!L-<P+!:+"+)87;U3&'<YR"E*3Z8)D?Q4U1-BZMV8+AWW3*69CJ
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M>(V$ZSUT?<3(WCZ2%X\^2PH6LJ'#4,D<()K*<K12!&+<RB9-10XC^SB1O0_
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M]\(-AU8XU#%K!.V")#E39!,U\[6+3,3 LL#<IG?_,X1-W)&P%P0-0O:>ZNP
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M7Y;<#<!/KIX=9TD;#"43@ZZV738F@N=! 2=_&H7TK/ FN<O[D=M7F#LF/E]
M?1V8S@>YW/)R[Z[H>J+!C#/K5? %#/T'5+01@M0*HG"&IXWG_7)W>\_3.TUJ
MWF0P'5F!'>"4CHK5IE5:.+V1C;$^.;MPHR^/CNK.K#>9L;=;6LQT-L$S]'7&
M:ZW.3!P"E@A&25=4;1L=FMP-'DCW-(E^+X';EU1H!_A]Y#1Y;*/.A Y*2Z]!
M"%W+9&2N%_(9N.!%F+IW;9/P?D<ZI\GYF_#X'T5A'3BGCXANAI['4K( &SD2
M&RF0^Z(]!!;I=$B5DR8E(8_0,PA?_ACQ-88"1KS.;)8V>K</T/ZYH?<_:>0$
MT&=('2G+\Y?Y.ITNU^<4192;*W[$S6RPU\OUV7J#B%ASX#^$'YM)6]=3>:+D
M/J8*-TR@@A;@6=:UZL)9%[CFHDF;]L/(/M1<#5[]U<W5/Y'*7M''_#DKSA7+
M10%M8_46@@7'2GVD--S0'D/:MY-*[6&ZIWW#>4&DWK6.+ZGO_E/O[QFF3:N2
M$2WI]O-:V].'R.[#JEJ6@JR#8;*L_;:%9Q!L#.3,$5"31)%4D[2Y::WJ'^D+
MYO-36KO.CD[+SXM:R'*3CDK [\M-Z33Y/?\*JWRAQ.N=%E%:B\5 CIIVN>(:
MG";)&<T<^NPM;S-^: 3:C]JZ[H+8>S5-+ZSW([2P34:![K9*:VO\XL-"#T1\
M%$P5RS1@9 Y4DA04<4LQDD&K43(79),KD5YL]+6_<Y.*D]4J+#YO;M+6KW[<
M\XDV>_>BLYFSO##-0VWU0Q:#]BA$%AG8S!"-IXW+&UOJ SDX:GN]"WH?M]<O
MB8$.;DUOS>-2H?;?4QR*21849P6\T[6-H]!.%(L2FPXHFVZZZL0X>&KFW2Y*
MZ0A0VZ:@M &Y,^@@!]0D!NL@<A.@!&%9#M;(V'0H8@^M=O=7Y],S[W:1[<3M
M"S]>N$UO%XGD-?^.-_N5)VU=T0JLJ6_Z @/0[V[FB:K(;-;"J&=\OZ=7Z$/Y
M^^AL.;H .S 0%S:2?GBS'70IF6M&Q)?ZJ.,XIR"+>-$R:,\C#U$UZ?%^BXII
MDV7[.'/V5TL'F-I?<-=L+_*=K:IRL4'Z"$6$.IY2R-JX4P.9;.^+EB+9)C?:
M+9B9>,C*_MAZJ+W\E(KN .P?L6:VI_I&?F.NG(A.2J<+1%<[\&0ER:50'BSC
M26GO;+)-AJD]2$T'7>HG!<ER;(WU![M_+.9GZX]__&/+3/9(WD?6H)4(H$)P
M$)!\6\DQ&"_0%=.DF\.35$U\KG<.PP,T.'$T\<MVR6LVMCS4UT^=7((@JP,D
M(_' & 57DCEM3+$EA0&QQ&.?/VT=2S=X&DT%'5BU#[C:W,Q37'61<7;)1N:"
MA,$HE+*RSAJQ$+,WD&)F3O'"B94F]Q8/TS-MD4HWR!M3:QV [UFY/B;6=U>-
M%[4T7+O$0:!WH&S0$#P6P*PL0ZN2PS9/#@>3/K$Q[2+H?F$ '#/D;[=7N:IF
M>[-<_8U^]VS&BZOS,@4X[32Y+\9!])P!J<!EIB5)I]V$MP8,=1Y"C0S,L?;%
MF"CI8+?\^O7;Z?('XA^X^C[?GG7WQ'(WBV1Y4?!Q)]/D[/_@V<>K3)19T2%'
MCA)D+4E2V07P3!O(69(M4UIRTZ:33RN..H_UVNZ7/G#R,V^8BQ[I9$>V7ZH_
MQV=*&6=D0= FNUKBI\"C%C5F]E:CJ+[!4>VB!]GL/.P]TJUU.*(ZV&][*^<B
M8^[M8GVV.M\XV>_/ON#JTY>P>/^M?L3Z2J071_H,52G<>PKHM&:@"@6.SML
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M#C%$NZ\\#%K'<WG] O*?&%T/E:G-?$#I"O,@I:XIPX5$I1DQX80.S,LB$QN
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M=TV!:T4Z1U#HQ9.P'H%'A"?F-E_([ PR]TKOVB/$*FLYF\H5??/7MQ^]A:*
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MF6' CV:"IE#/UN*SEVC61#&(7&+1];)/404^>0$\"[DH\S!TL\ I.H./ K[
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MHT-L*/_MSLW;8U,;SUV1_KC;T!5W#U9TNV!%U55.S*J\5:29[^#Z&'&VV9W
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M>)DI\=:H% >V0,&,2E,FW=F'QERG*">_S0Q'-T7KP.ZG^3)VYVRO$;M]C3S
M ,ND!F,5A0*V@*H72_&)M](CZ-)KD$?GZ3& /5B9RU^?C8'%<:$K;A^FMF4A
MIX@*66TGVMA.F;TA^N$S8E45&0/;Y$DGEB.I1DWHR.L:5?>!26)IGT72Q52[
M BYXR@UG,_W+[_7&[VGT=1, Z/!WZE:E_"[+LP/M61LLL"]N80)+Y(1%KT\&
MMHGVBX5__)XG&4%(<ZLHP^>1/3-.QB16#3:.6-90*1-F[V*ZD..XHR_E<Q1K
M7%+8[")$D4VNAHJ_3 5G@YGEV[./K\_^_^"M1 V#7\/B<UP%'U=E%2^&/+M,
MD*W=&DQ]*>X;MPE&-[0VF])]QH>,7Q_9ZTB!/2EKENQA:I%776!B8I*A%U/\
M4!=AEOS!YWLU!XEAHW? (.#)"TJ'-V2LJ:)$.3XV[8@U):88"5Y\_4F"[D<Z
MO^)_2O\_3 U'FHV"%N #41U2$B6ME35&HX.D*,BESSZ)W[$6H)7/?!47L?K]
MXBIN*Y.20N?V$RML[EP321P$SF62IXZ@]NPEEG'-N=.<O>0OB>T:MM&,?202
M7R"E.,4F9)0?,,UK[K[MN&P#[*]<1MR0>M01O=5--I%E<O%6R1*CP+%MB0%W
M:&7FUCD!Z2W#LX )D!-9V8KS0HSYRN*DR.';=]PDFH2X>Z0_&]HU'GGJS#6Z
MX7#NB,B9#(/7-=PUL/S.L'4:IJ_/@$55P;L95WC!O=^L&'K-PJ8A1_Q _*@M
MJ"3'(<Z(@5'#7)^=]PD<Z46>7%)FJS@M>$\,\4T8UH.WI]D@8-R!&R@M $G%
M!XXW)9WI8!%^UA1?A*@I3*32O!%S<>4UP.+*^JYX^#&N1Q;M)]L&_5=II+9A
M;UB_VL/X!S";$JB'O0LC,(9+C/)I%SCL.9_GGTLLV: ?@E !KE*B7E%PV\V(
MF]AB$E 1E2.GGB#*IS4[T@:F)J^Q-Z9VLB[10ER2S,)_H;C&3*7P,DS2T,D7
M[O"<6>P$ 580"Q';TS<[3HX9F+C#4><ZZ;I!Z(%A[OWEV^TOW^(,7[<<HH..
M7:2P(J[J(FOEGJ5IF[ET*34V:P0Y,A<X5*%D"4WS91)+#"B?W1'^&Y&IB:UR
MIN+*VR:F"ZQHD92:/^-P8-=D[!'@@2S*3<9HML)0<X+4U:N\^&PZ&UA%\VM-
M(=^2\;VQS]"T;\)G, [ID)'__#2&OEXIK-2W=63VYW9EC#MUVVZ9[F?<6Y1F
M7JSWBOS0==P"\'>]AW@-DFPG\=UCPIN8(>P.-GH*SF"KWI/E [<=#(<W&>'\
M>+?AOO4QIXTZVC 0/IGS2&CH$)ABNQ^P9"_4DG?+BTM'E[E CFU^3'<?O2Q@
MV6&B3ZD) /;\$WO>07XE#@BGNJV=RJQ%"%1_8"OB; V^IJ4WBL+,]2; ?%/_
MGH64_2XJY*2F//]Y.$EDMLL"#9$I^^2G0"7Y(D8XLVF:<'(&MNC(HAP_HW*T
M!3F)--M,U^&LDWX'/V1%"^[S/%F6UJX![E0*KI>6]DFSJ7F^4*!8)SZB6X,'
M07ZS$#UC^))+6F%"(62L G!5YC*?55<A5J-%B*.1+R53+EE0IJ3E8XNXFF//
M1.26Y*3C%<#8MHNZ2<4C9H=1'1>OB^J[S6_=L@<<1XZAT7,YX20YE1'TP\3)
M41<X$-$B7"+"+0B)_U?,)J4OU"7MN:WB[*="],--T-V9TZ^F<9$U6NHHN"G5
M=K@;TW0N6;/">UV$-10B53XGB$@)&CWUIROPA*9%PD&30H/"C5LP "Z0QE+.
MSY.Q^"'V-0XO59-E'/3]PG93YYOD[RJ3&T(?)!S@HGS!,K@ *5=PO[ZFS2-5
M%4U_K,UT#BG_+\U+Z?+IA*:XP2.A#^B;O/$M^R'O+;HGO0WFB'%WU@'A.+HV
MTCJM89L-1J5(/*\+U _\7%%#)#Y@"\EY>4( UR<8\V*/JSM] LGR,PR-@UEO
M>(TU=FE\P;T.X=%ZRHXW,W4!:_%&;="1%AMSGDF(AF<33D%\APXAZ=F\(EIP
M:G" "(27H&/^EO?>WP^\G45,]4M3IRBWF[*=@Y#5V+(AA_D%T]!IV+?26K(X
M\VB3L 0E^"'>@WL.(7:\^::Q&GEOJRNN[[Z'[]G*>$89*2I)*DC^7<?6J=16
M77S-ACEDR&D7%#3GIJ*S.G5=F:W@"X]J:O/=+JBT+GU"^J#B[S% SN&3AI?H
M#;K+85N;A=\=KMFV*>?VI0,KA)UA[/?-FU4G7:EHMCK#K?%AV4Y /#>54,#)
MN7(3D\A@P6Q3*O[13!0_2A\7$VNDM42S$%0I0FK).<N#)72?FYF;?G)_)KAK
M=7K!:",HDF+T%2X60 13,3ZU B^G-M*+A%JL20-R*A,BM6U$I8,F,HBJ'7D=
M*?E<.*!$"J4]+3[;2YLWZP@6!@%TJEQC-4UCFQ"%V)BG?H"*($'\RU$SN+J
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M0L^9;:$QDCP81 =!GS5!MF!:S=75^/=P4891,9[F"]*"X-\'!8Y^L-31RG%
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MUR>*%]F6"-)V7""1Z;$&A?VZ/7BI8I$*MC^'([C2K"OV;9! #DZ/GBIE&,0
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MG*K1@5,2?!/[!9;-$QX F)F9X*YS.Q$R6@AWC'M+R=$K<+*H%093!HO_!>N
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MUG! \1!,8VP8F0GO6-;EUN!YVCTI9*!#AO!B3\03(4+#%6@[3[<*,ZXAQ3#
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MD;,1_RI'"8WLAW:W+#R7GY)<]BAU]!Q"4CH#VO-1TP&((<@ #*> JW*D@[$
M\(3!FBP(A5WV1 @V1)P%]&=0V]HSO@;# 6?&A,IX,(V 2!*CF-^ 5H+G<IV%
M_N+A5HL:IF[V72]Z#% /;?(L'Y1+X_3A$9C(6R4]2J9H04:6Y]$#UD: 1SY>
M?0&9 R'YO7'"^@#3&0DE\=T8ZZR,$9)%6/-3A3SF&4$N,&C';]L",<=_+Q.<
M*72^OTU[5$Y[_"I#P@K*Z_X!%DGC/0C_!8;YWRDP%M>; CE'!R3RM.PM=D%R
MS@ Z B"4LA=80]$3:#MQM'E"M/-[2!:;#&4@TD#NG-@M)BTEX$N:EM"JH<D)
M2R/L8R!-4648$'F+<. G&N&%<H_L-Q4C$H%-%_H&W*:(2P.'*!A!UFBLXR]\
MF:=5+TTJYV+9-"2:2C0N&X*@-$^U)214.4_EAS:J"*<F4#WA[.?5Q3SAR%1'
M!NXX# =?KKLHZ?V)5K-+7-BX.3R^J$@@'S@'*0"@(=;[,HI!(!("9K),:Z2;
M0U1.'!KVY-AEPWK"FLB\A]4!OW(-L]FFQ'!G]^[LD .A-&AB^,L8!7(T$CZH
M95$PK[T 76WPI*1Q4="A9WP\#E*?9#[+NL>5B@5?1##DT,3TMW!=%:X_8V(4
MENC[6VL>7.><N]]!EE',*0Z$4O]_"=A=8'^P7(1GO8#^P1J%'$PGG[QE##ZH
MI!?764GD*PU[1<4@T4(X<(;GO"4(""V,H9SWC&?":A/+R^6AM0<*HJ4:K [H
M' IXS@2*TFSX(HIF 18#<9B2_"H\PQ@$*6BVH<5MKC2 LP$8Y]HD7&'H-!N
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M(O'^O9[RI_#?,!X%;_\?4$L#!!0    ( .Z#IU)4[BAW4@@  .PI   0
M<G=T97@S,3$Q<3(Q+FAT;>U::W/;-A;]OK\"56;39$:B1#V<6'8\X\C*1)W4
M;AVE23]U( *4L"8)%@ E:W_]'@#4P[8<R^[#BKN9B2P2%\#%Q<&Y!Q .OSLY
MZPU__:E/)B9-R$^?WGX8]$BE5J]_;O7J]9/A"7D__/$#:0>-D P5S;0P0F8T
MJ=?[IQ52F1B3=^OUV6P6S%J!5./Z\+QNFVK7$RDU#YAAE:-#^P:?G+*C?QU^
M5ZN1$QD5*<\,B12GAC-2:)&-R6?&]06IU4JKGLSG2HPGAC0;S9!\ENI"3*DO
M-\(D_&C1SF'=/Q_672>'(\GF1X=,3(E@;RHBIGR/C<)1,VZ_;G<B2FG8:L;Q
M7F>/AB'=BWX+X60=YKZ.-O.$OZFD(JM-N.V_VVX&KSJY.9@)9B;=L-'X=^6*
MJ>&7ID83,<ZZSF&4QA+#*XLCF4C5?=9P_PYL22VFJ4CFW>^'(N6:G/(9.9<I
MS;ZO:@2YIKD2L3?4XK\</:)S]SCS#KU".XG(^,+!L&E=ZG]Y/W@[&))6&(2'
M=6N_-BSO$F*CCJZ6W6UQ]TBWKA1AMKAZI/CTW@_Z[TC_2[_W:3CXI4_.WKT;
M]/KG!/^' WP]'@[.3K$*SC]^.CX=DN$9^=CON7>M1A/69#'"O];Y]D;GR7J(
M'R-ZP_=]\O'X_.WQ:?]C[>S+A_ZOY+@WM&%I-AK-6R<_I6J,E61DWMU#/SEE
M#&N]EO#8=)O-P"XKAP^1,6"C6VLV@B9>_N40V1SE097T)DIHN#OABOP0D.,1
M&*I*(JZ,B.?$3*AY_JSS^N!! V[MW1BN"\$CC38,'@_15P,3NB ,R(1..5%\
M*O@,:<%,A"8_%U2!,Y(Y.>>Y5(;(C+R3*B5AH_8SD3%>LYF4# FJT*9*!ED4
M8(;VG\0,-7=LAMY2C7G!#*1S<I')6<+9&*O#393RT\,D',@DDCO:IR(C-)N3
M(C.JX/ ?B\EE?LP;)2F>E* )B6F$5XK(5!ABI+>[89#QB&M-U=R:I/2"H]^U
M-C7>,3B#+A,G&]"'-8B$@DR 68;J\(1A8<\F(IH07=B/5?T95[QLQ X@%3J!
MGK#29";,! /4.8^<@[;='*X!=I&<HAHCH_EZ&/X,!/J4^1^@&LRS0Z!L?2N@
MY"06&:;=(F@US54@$N;&$ORJ7&0Q2(5:?8OO45(PM DHK<UI%3 4EHAR(,&"
MV(([258H+0&BKW6-A<"<<*Y:BR*! : I@1_7G7;^1%1/2)S(F5[@5O$Q$A%4
MMR'4OO1^P\OJ&OSTPID;WCX9#FSO&-R&5^;F^;/7S?#5@2X!5>H$RQDRC@4>
MW:P-"%7<X0/S+48)M_-(.$ Y2H2>6'-KEH(O+6?:9R9TE$A=H)YE4B43#Y1<
MR8@SO-;D!7#!.(#F)[]_&4UH-N;D&"1U7B2P"%NT%G9>\)>N:MAA_LD_"JO%
M,P]0VSZQ3'8-NQY+UI^M.XNO=!:C,SO6ZXB&Q8R[?/]P.=7>7^G'KY!E&#ZF
MI*0O=P6^K:"];\-PPC5BA6ET^>]NG%5M:HYHH;>O8G/DB ,O94\^Z\I"H0$0
MUU1H1X>PXIEKQ^KJ%9&ND['B"74 +-/N"D35DJAMH0"IPA<M$\'<D8(N1EHP
M096P Q!>'+CTD-F6"FT3MENSVF5W1YY2<SAD0-:V4@[A*:(BH9;S,2SGQ"KQ
MHX:7$>OJ!]]&W!J"EE&?LX?3\#>![M'.H+L9[#=OHGLSQVW@MQL@W[KF]EC'
M^I@*9B%,M<RH30-4 _Y6F5I<4\46& /J!1V)1)BYU0.;NK4KSL'1(<TOEBNF
M:\K699O+<D!YH7(@73O]$D52,>> T[ACGD&6)  \2GAN5Y(U@7[WH,:*$SG(
M_HG#.MH96"](NS^E2>&8S<XYCV,(33'%;.D-@G$I2K9@:O^X64,Z%*,B6%9[
MI3J2A;G=@VUR"5U:<RO#X[OW4F2T$/AN87(?"?CC0&@[>+I 9#L#Q"6_^CF^
MB16[SR\UH2O9",A[L*I5!#**"F41L99^-[2:2FWPWIXNHRT=H:'?_;$1>7%+
ME1C0!M]=LRX=QV:,NR,*>WJ1%4N_7GJO)E0OM8IE2K<4.',IQ,6CI/<Y2<0%
M3\KSBFOVU3\<HC\&_^W.&1[U-+:S.SL__PO00S=_[EB3+19.=45HEE_7P;OB
M-@N_>XB7&^)XZ1J%0#92Z:5><"_09)H*8SC_2O8822@26\X$_'.-O #$0=;:
M)@/\M3)]L2[Y[X6 ^VX-%EGDCC9>_G]S]S?KA.,$P@_1$L"?W6C;+7LD. !3
MYOKE)FO&Z85-WEX(NO3M)*P[B%T<3MT+AN5^R!]U;.! RE!1\R4%W@K94OBB
M"G '?5KU"D)#/N@B!6H0)#>8,O5L/,;[!ZB#W=M]'4,$Q H44P48N&-%P,F=
MII>XJ_H<*K*I3*;<)M*,CLL?!51)I#S-$SGG*)U-I&=/>@750.&?HC*"!V$C
M;-V"C:U^#M_QGT"?/POW&G=2]D@:(].N]7TM4MYKXW:VI?T(RY>K&KQ/:*YY
M=_'E .DP3^B\*S+G@ZMT,+49%(*L#"O:+"]=[.\'KSLM>^_"(+2&+9HOKV0$
M[DI&W;";9>UV$+;#6XL;P</*PF!_?^^!-6]WMA,&[;W65LW672!\,!!4G=/L
M3:55N8:R;C._).%5L%K@78^TG\^_'W+N+LT)J,$)!?(CG9-757?A9XG ,A!?
M&6/#CK"RE>E]P_%-K-N&7[=M4)_[W'B'X=JMGWM Z![AW<*T) 1+%[ E[L26
M+,+S]*=IEZ?FGQ!]P6/2O^118<^NR)G?IMTV 767E>YY1^[:I<%<^EN37?]#
MQI3?>HVPS*F-514ZPO(HS,TJ=]SF*S_]/4AW(_/H?U!+ P04    " #N@Z=2
MD'B):B0(   D*   $    ')W=&5X,S$R,7$R,2YH=&WM6FUS&CD2_KZ_0DOJ
MLDD5# PO<<".JXB-*U1Y[5V'K>Q^NA(C#6@M1A-) ^%^_3V2!HP-WI#L76+[
MSE7&S*A;:G4_ZGXDZ^C'T\N3T1^_#,C4SB3YY;>WY\,34JG5ZQ]:)_7ZZ>B4
MO!O]?$[:42,F(TTS(ZQ0&97U^N"B0BI3:_->O;Y8+*)%*U)Z4A]=U5U7[;I4
MRO"(658Y/G)O\,DI._[AZ,=:C9RJI)CQS))$<VHY(X41V81\8-Q<DUJME#I1
M^5*+R=229J,9DP]*7XLY#>U66,F/5_T<U</S4=T/<C16;'E\Q,2<"/:F(N+N
MZY@G!ZUF]U6WW4E:W3%MMYOM<9-V6IQWQ_^,860=XD''V*7D;RHSD=6FW(W?
M:S>C@TYN#Q>"V6DO;C3^4;DE:ODG6Z-23+*>-QBMJ<+TRN9$2:5[SQK^Y]"U
MU%(Z$W+9^VDD9MR0"[X@5VI&LY^J!DZN&:Y%&@2-^!?'B!C</RZ"00?H1XJ,
MKPR,F\ZDP>_OAF^'(]**H^91W<EO3"N8!-_HX]MM6Q._9S8[5'<K)8@(U]_)
M!R?OAH,S<C:\Z%^<#/OGY/+L;'@RN"+X'0WQM3\:7EX Z5?O?^M?C,CHDKP?
MG/AWK483TN3!SW#T;D#>]Z_>]B\&[VN7OY\/_B#]DY$SO=EH;,=]#6>J)T"T
M57GO5?[?1VA[I^W#*E:UQ'MR'N%;,D5.X562<&U%NB1V2NWS9YW7AWO.XC"G
MC"%SU"1/;:_EWFQ$Z<_"N%[#*Y$Q!*U7:S:B9N>[S3^.5C/[]J/?=E8<4AI"
M0J9TSHGF<\$72,5V*@SYM: :")=+<L5SI2U1&3E3>D;B1NU7HE*\9@NE&(H"
MG%PEPRR)$+CNDPU<\^$%[BTU"!<",UN2ZTPM)&<3K"4?/QVBQA1LR!3J+(:@
M6'4T6Y(BL[K@F (JKR_"""<E,SQI025):8)7FJB9L,2J(+<ED/&$&T/UTHG,
MZ#7'N!M]&KQC, 9#2E_!,8832(1&Q898!G58PK@FBZE(IL04[N-&?\$U+SMQ
M$Y@)(U':'4M8"#O%!$W.$V^@ZS>':4!CHN908V2\W'3#DP9FZQ$!DY-49 B]
M0]%-J*M )<31K#?:198BWU!'-_$]D05#GX#31ERK@*)P.2H'&AR0'<"EO$%J
M"1)S9V@L!N9Y;-5)%!("@*<"AOQPQMN34#,EJ50+L\*NYA-A+ J6)=2]#';#
MRNH&!,W*F"UKGS0*VP\/A:-;(7O^['4S/C@T)<Y*PN'2B4I3@4<?S"&AFGO8
M  9B++D++^' ZE@*,W7B3FR&5.K2J7MFPB12F0)Z+LEJ)0-^<JT2SO#:D!>
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M_A[9!\3@=O?B_380!:1 VXC,.6T;36.-VJ7$HH8>CV^BE.0+"N\B;<3NP ^
MY/$=!2S'F#)2N8\P'L(,X2ROA$_(2 @S7X6DRF!K&T7".: #W N$(W)5(%A5
MKV'"<I)'9AQ=QU6=K69'K9+7H8F"RFIVM89_MRC6-IG9;.ZM$KI)D;G06F2A
MJ7[WDJ9;)80V5*[UYT+B)NQ@8G!2*!JN7X8Q4P4GJY#EU?:NC(;79H-%A#?
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M+3(P,C$P,S,Q+GAS9%!+ 0(4 Q0    ( .V#IU(A8S,O=$@  *0E P 4
M          "  =HH!@!R=W0M,C R,3 S,S%?8V%L+GAM;%!+ 0(4 Q0    (
M .V#IU*._PVOJD8! &@6#P 4              "  8!Q!@!R=W0M,C R,3 S
M,S%?9&5F+GAM;%!+ 0(4 Q0    ( .Z#IU((P7'!; H" (=%%0 4
M      "  5RX!P!R=W0M,C R,3 S,S%?;&%B+GAM;%!+ 0(4 Q0    ( .Z#
MIU))&]&VBH<! !.#$@ 4              "  ?K""0!R=W0M,C R,3 S,S%?
M<')E+GAM;%!+ 0(4 Q0    ( .Z#IU+A[W</$!(  "R7   0
M  "  ;9*"P!R=W1E>#$P,3%Q,C$N:'1M4$L! A0#%     @ [H.G4H:?/PEA
M6@  +94" !               ( !]%P+ ')W=&5X,3 R,7$R,2YH=&U02P$"
M% ,4    " #N@Z=2JIB!4J$7  #JL0  $               @ &#MPL <G=T
M97@Q,#,Q<3(Q+FAT;5!+ 0(4 Q0    ( .Z#IU)4[BAW4@@  .PI   0
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-  T -@,  %_I"P    $!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
